Ore

Minaurum Renegotiates Terms of Biricu Gold Project

Retrieved on: 
Wednesday, January 20, 2021

Vancouver, British Columbia--(Newsfile Corp. - January 20, 2021) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce that it has entered into an agreement with its underlying Royalty Holder ("RH") on the Biricu Project ("Biricu") located in the Guerrero Gold Belt ("GGB"), Mexico.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - January 20, 2021) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce that it has entered into an agreement with its underlying Royalty Holder ("RH") on the Biricu Project ("Biricu") located in the Guerrero Gold Belt ("GGB"), Mexico.
  • The Biricu project is surrounded by major mining companies including Equinox Gold, Torex Gold, Agnico Eagle and Osisko Development Corp (see Figure 1).
  • Biricu exhibits typical GGB host rocks cut by intrusive rocks identical to those seen in the neighbouring Los Filos Mine and nearby Media Luna deposit.
  • "We would like to thank the Royalty Holder for working with us to improve the viability of the Biricu project," stated Darrell Rader, President and CEO of Minaurum.

Jaxon Reports Petrographic and Mineral Study Results from Netalzul Mt, Confirms Discovery of IS Type Epithermal Mineralization, Prepares 2021 Drill Targets

Retrieved on: 
Wednesday, January 20, 2021

The studies confirm Jaxon's discovery of intermediate sulfidation (IS) type epithermal Ag-Cu-Au polymetallic deposits at Netalzul Mountain are analogous to both the Blackwater type and Brucejack type deposits.

Key Points: 
  • The studies confirm Jaxon's discovery of intermediate sulfidation (IS) type epithermal Ag-Cu-Au polymetallic deposits at Netalzul Mountain are analogous to both the Blackwater type and Brucejack type deposits.
  • Mr. John King Burns, CEO and Chairman of Jaxon Mining, commented, "Jaxon is planning an aggressive 2021 drill program to test Netalzul and then Red Springs.
  • Our drill program, as designed, when funded, should allow us to drill define more than one equally significant discovery at Netalzul Mt.
  • We expect the 2021 drill program to produce dramatic and positive results and to demonstrate that one or both Netalzul Mt.

Sabina Gold & Silver Corp. Reports Updated Mineral Resource Estimate for the Back River Gold Project, Nunavut, Canada.

Retrieved on: 
Wednesday, January 20, 2021

In addition Llama, Umwelt and Goose Main deposits have sufficient data density for Mineral Resources to be classified as Measured.

Key Points: 
  • In addition Llama, Umwelt and Goose Main deposits have sufficient data density for Mineral Resources to be classified as Measured.
  • The Umwelt deposit continues to be a key base for resource growth at the Back River Gold Project since its discovery in 2010.
  • Sabina Gold & Silver Corp.
    Sabina Gold & Silver Corp. is well-financed and is an emerging precious metals company with district scale, advanced, high grade gold assets in Nunavut, Canada.
  • In addition to Back River, Sabina also owns a significant silver royalty on Glencores Hackett River Project.

Contango ORE, Inc. Announces Plans for 2021 and Launch of New Company Website

Retrieved on: 
Tuesday, January 19, 2021

Contango ORE, Inc. (CORE or the Company) (OTCQB: CTGO) announced today Exploration Plans for 2021 as well as the launch of a new Company website.

Key Points: 
  • Contango ORE, Inc. (CORE or the Company) (OTCQB: CTGO) announced today Exploration Plans for 2021 as well as the launch of a new Company website.
  • The Company is pleased to announce that it has a new Company website: www.contangoore.com .
  • The Company would also like to welcome two new employees Alina Wyatt, Database Manager and Luke Raymond, Project Manager.
  • Please see Company website for more details on the Peak Gold project and Peak Gold: https://www.contangoore.com/project/peak-gold .

White Metal Receives Update from Benton Resources on Exploration Results at Far Lake Project, Ontario

Retrieved on: 
Tuesday, January 19, 2021

Drill hole FL-20-06 intersected a silicified breccia in and E-W interpreted structure with no significant Cu results.

Key Points: 
  • Drill hole FL-20-06 intersected a silicified breccia in and E-W interpreted structure with no significant Cu results.
  • Drill hole FL-20-08 was drilled to test a new gold occurrence (trace to 970 ppb Au) which was identified by Benton along the north shore of Kabaigon Lake.
  • Benton also holds 3,940,000 shares of Quadro Resources Ltd, which is advancing various projects in Newfoundland and Ontario.
  • Benton also has two NW Ontario projects optioned to Rio Tinto Exploration Canada (the Bark Lake and West Baril Lake Copper-Nickel PGE projects).

Benton Confirms Widespread Copper Mineralization at Far Lake IOCG Project; 3D IP Survey Identifies Large Chargeability Targets for Drilling

Retrieved on: 
Tuesday, January 19, 2021

FL-20-07 was drilled approximately 2 km south of the main Far Lake copper zone.

Key Points: 
  • FL-20-07 was drilled approximately 2 km south of the main Far Lake copper zone.
  • Drill hole FL-20-08 was drilled to test a new gold occurrence (trace to 970 ppb Au) which was identified by Benton along the north shore of Kabaigon Lake.
  • Drill hole FL-20-11 was designed to test Cu mineralization below the trenches dug by Benton in 2020, along strike of the discovery zone.
  • Benton also has two NW Ontario projects optioned to Rio Tinto Exploration Canada (the Bark Lake and West Baril Lake Copper-Nickel PGE projects).

Palladium One Additional Massive Magmatic Sulphide Intersections, up to 9.9% Ni_Eq (218 lbs/tonne) over 3.8 Meters at Tyko

Retrieved on: 
Tuesday, January 19, 2021

The highest to date being 9.9% Ni_Eq over 3.8 meters, within a broader intercept of 6.1% Ni_Eq over 7.5 meters!

Key Points: 
  • The highest to date being 9.9% Ni_Eq over 3.8 meters, within a broader intercept of 6.1% Ni_Eq over 7.5 meters!
  • "The massive sulphide mineralization discoveries, combined with historic high-grade drill results 17-km to the west, provide significant encouragement for additional discoveries, especially given Tyko is incredibly underexplored.
  • Hole TK-20-023 returned 6.1% Ni_Eq over 7.5 meters (4.5% Ni, 2.9% Cu, 1.0g/t PGE) from 5.3 meters down hole.
  • Hole TK-20-025, returned 6.3% Ni_Eq over 3.2 meters (4.4% Ni, 3.6% Cu, 0.9g/t PGE) from 36.6 meters down hole.

Fortuna reports 2020 full year production of 11.3 million silver equivalent ounces and issues 2021 guidance

Retrieved on: 
Tuesday, January 19, 2021

This news release also refers to non-GAAP financial measures, such as all-in sustaining cash cost and cash cost per tonne of processed ore.

Key Points: 
  • This news release also refers to non-GAAP financial measures, such as all-in sustaining cash cost and cash cost per tonne of processed ore.
  • These measures do not have a standardized meaning or method of calculation, even though the descriptions of such measures may be similar.
  • You should also not assume that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category.
  • Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases.

Valorem Announces Black Dog Lake Geography Program

Retrieved on: 
Monday, January 18, 2021

VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- VALOREM RESOURCES INC. (the Company) (CSE: VALU) (Frankfurt: 1XW1) wishes to announce that a geophysics program is planned for its Black Dog banded iron formation gold exploration property in the Eastmain River-James Bay region of Quebec, Canada.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- VALOREM RESOURCES INC. (the Company) (CSE: VALU) (Frankfurt: 1XW1) wishes to announce that a geophysics program is planned for its Black Dog banded iron formation gold exploration property in the Eastmain River-James Bay region of Quebec, Canada.
  • A high-definition ground Magnetometer and Induced Polarization (IP) survey will cover the previously drilled Black Dog target which has returned gold geochemical anomalies, and multiple gold intercepts in diamond drilling in previous campaigns.
  • As reported in a press release dated August 7, 2020 , the Black Dog Lake metallic gold showing was discovered in bedded banded iron formation by surface sampling in 1988, and subsequent multiple hole programs which yielded several prospective gold mineralization intervals.
  • The iron formations are extensive on the Black Dog property, returning widespread gold geochemical anomalies, gold in outcrops at the initial prospect, and multiple drill hole gold intersections.

White Metal Resources' Seagull PGE Project Available for Option

Retrieved on: 
Tuesday, January 12, 2021

Thunder Bay, Ontario--(Newsfile Corp. - January 12, 2021) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") has received notification from Quadro Resources Ltd. that it is withdrawing from the Seagull option agreement signed February 18, 2020, citing the need to focus on their gold projects in Newfoundland.

Key Points: 
  • Thunder Bay, Ontario--(Newsfile Corp. - January 12, 2021) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") has received notification from Quadro Resources Ltd. that it is withdrawing from the Seagull option agreement signed February 18, 2020, citing the need to focus on their gold projects in Newfoundland.
  • Layering and multiple phases of intrusion have been recognized, creating a favourable setting for Noril'sk Type sulphide accumulation.
  • This work reported encouraging concentrations of PGE from drill core intercepts with the highest concentrations of PGE reported in 2005 (see PTM news release dated 01/04/2005).
  • Historical drill core assay results with total PGE (Platinum Group Metals Inc., 22/04/2005).