Resource management

Fortune Minerals Announces Settlement of 2015 Debentures

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Thursday, December 1, 2022
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Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to announce that it has reached agreements (the Settlement Agreements) with the holders of its debentures issued in 2015 and amended in 2022 (the 2015 Debentures).

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (Fortune or the Company) ( www.fortuneminerals.com ) is pleased to announce that it has reached agreements (the Settlement Agreements) with the holders of its debentures issued in 2015 and amended in 2022 (the 2015 Debentures).
  • With the Settlement Agreements in place, Fortune can now focus on advancing the NICO cobalt-gold-bismuth-copper critical minerals development project (NICO Project) in the Northwest Territories (NWT) and Alberta.
  • Haywood Securities Inc. is acting as financial advisor and WeirFoulds LLP is acting as legal counsel to Fortune.
  • Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta.

Kootenay Silver Appoints New Vice President of Exploration

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Thursday, December 1, 2022
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VANCOUVER, BC, Dec. 1, 2022 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is excited to announce the appointment of Mr. Dale Brittliffe, P.Geo, to the position of VP Exploration.

Key Points: 
  • VANCOUVER, BC, Dec. 1, 2022 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is excited to announce the appointment of Mr. Dale Brittliffe, P.Geo, to the position of VP Exploration.
  • Canada and has held key roles in junior exploration companies focussed on discovery and definition of gold and silver deposits in Western Canada and Mexico.
  • Jim McDonald, CEO & President, comments "We are very pleased to have Dale rejoin the Kootenay Silver team.
  • Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices.

Palladium One Announces C$4.0 million Private Placement Financing

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Thursday, December 1, 2022
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As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering.

Key Points: 
  • As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering.
  • Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation.
  • A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland.
  • Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

Monarch Reports High-Grade Intersections at McKenzie Break, Including 35.9 g/t Au Over 0.5 m (1.6 ft), 28.2 g/t Au Over 0.66 m (2.2 ft), 17.2 g/t Over 0.9 m (2.9 ft) and 12.65 g/t Au Over 1.5 m (4.9 ft)

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Thursday, December 1, 2022
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The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market or other relevant issues.

Key Points: 
  • The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, market or other relevant issues.
  • 7.The geological interpretation of the deposits was based on lithologies and the typical mineralized interval mainly composed by diorite hosted shear zones.
  • Forward-looking statements are provided for the purpose of providing information about managements expectations and plans relating to the future.
  • Further information regarding the Corporation is available in the SEDAR database (www.sedar.com) and on the Corporations website at: www.monarchmining.com

Apollo Reports First Assay Results From Phase 2 Drilling

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Thursday, December 1, 2022
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Drilling was undertaken by Cooper Drilling LLC, of Monte Vista, Colorado.

Key Points: 
  • Drilling was undertaken by Cooper Drilling LLC, of Monte Vista, Colorado.
  • Figure 1: Locations of drill hole collars for results reported December 1, 2022, for Phase 2 of the Calico Project 2022 Drill Program.
  • Figure 2: Assay results for drill holes W22-RC-043 and W22-RC-044 reported December 1, 2022, for Phase 2 of the Calico Project 2022 Drill Program.
  • Figure 3: Assay results for drill holes W22-RC-058 and W22-RC-059 reported December 1, 2022, for Phase 2 of the Calico Project 2022 Drill Program.

Monument Reports First Quarter Fiscal 2023 (“Q1 FY2023”) Results

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Wednesday, November 30, 2022
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Q1 FY2023 gold production was 2,066oz, a 98% increase as compared to 1,043oz for Q1 FY2022.

Key Points: 
  • Q1 FY2023 gold production was 2,066oz, a 98% increase as compared to 1,043oz for Q1 FY2022.
  • The decreased mill feed was mainly due to less oxide ore and old tailings being fed into plant.
  • During the first quarter of FY2023, the Company has begun earning royalties from Fortress Minerals Limited (Fortress) on the Mengapur Project.
  • Fiscal 2023 started with a focus on updating Gabanintha historical data to improve identifying drill targets.

Montage Gold Inc. Issues Stock Options

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Wednesday, November 30, 2022
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VANCOUVER, BC, Nov. 30, 2022 /PRNewswire/ - Montage Gold Inc. ("Montage"or the "Company") (TSXV: MAU) (OTCQX: MAUTF) announces that it has granted an aggregate 3,700,000 incentive stock options to certain officers, directors and other eligible persons of the Company.

Key Points: 
  • VANCOUVER, BC, Nov. 30, 2022 /PRNewswire/ - Montage Gold Inc. ("Montage"or the "Company") (TSXV: MAU) (OTCQX: MAUTF) announces that it has granted an aggregate 3,700,000 incentive stock options to certain officers, directors and other eligible persons of the Company.
  • The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.65 per share.
  • Montage is executing an exploration program in 2022/23 with the objective of discovering multiple high-grade satellite deposits to supplement the Probable Reserves at the Kon Gold Project.
  • Montage has a management team and Board with significant experience in discovering and developing gold deposits in Africa.

SITKA DRILLS 180.0 METRES OF 1.04 G/T GOLD WITHIN 305.2 METRES OF 0.78 G/T GOLD AT ITS RC GOLD PROJECT, YUKON

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Wednesday, November 30, 2022
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Samples were crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter.

Key Points: 
  • Samples were crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter.
  • Sitka Gold inherited a wealth of historical and current data from these properties from work spanning the last 40 years.
  • Sitka currently has an option to acquire a 100% interest in the RC Gold and OGI properties in the Yukon and the Burro Creek Gold property in Arizona.
  • Sitka is currently awaiting additional assay results from its recently completed Phase II summer diamond drill program at its RC Gold Project in the Yukon.

Mako Mining Provides Q3 2022 Financial Results and Corporate Update

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Wednesday, November 30, 2022
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Akiba Leisman, Chief Executive Officer, states that "Q3 2022 was the fifth full quarter of financial results since declaring commercial production at San Albino.

Key Points: 
  • Akiba Leisman, Chief Executive Officer, states that "Q3 2022 was the fifth full quarter of financial results since declaring commercial production at San Albino.
  • Additionally, the Company expects a significant reduction in AISC, higher net income and record gold sales in Q4 2022."
  • A portion of that published mineral resource formed the basis of our non-cash depletion and depreciation calculation through Q3 2022.
  • Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

EQS-News: Further Consolidation of Cortadera

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Wednesday, November 30, 2022
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The recovery and copper equivalent formula for Cortadera Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag.

Key Points: 
  • The recovery and copper equivalent formula for Cortadera Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag.
  • Together, these new landholdings consolidate the western extension of Cortadera and allow Hot Chili to test a potentially much larger copper porphyry cluster.
  • Figures on the following pages outline the location of the new mining rights in relation to Cortadera.
  • This recent strategic consolidation of the Cortadera porphyry deposit area has the potential to deliver another significant leg of resource growth to the Costa Fuego copper hub.