National instrument

North Bay Resources Announces Acquisition of Copper Island Project with Assays up to 14.7% Cu and Appointment of New CEO

Retrieved on: 
Friday, February 16, 2024

COPPER BELL 1 + 2: 112,000 tons @ 2.55% Cu

Key Points: 
  • COPPER BELL 1 + 2: 112,000 tons @ 2.55% Cu
    The Board of Directors has appointed Jared Lazerson as CEO and a Director of the Company replacing Perry Leopold.
  • Mr. Leopold remains a Director of the Company.
  • Mr. Lazerson has been involved in the mineral exploration and technology industries for 25 years.
  • In 2018, Mr. Lazerson accepted the Standard & Poors Global - Platts Metals Award for Leadership in Base and Specialty Metals on behalf of MGX Minerals as its CEO.

Fortuna reports updated Mineral Reserves and Mineral Resources

Retrieved on: 
Thursday, February 15, 2024

Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.

Key Points: 
  • Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.
  • NI 43-101, defined below, reporting requirements do not allow for "Inferred Mineral Resources" to be added to other Mineral Resource categories and must be reported separately.
  • A qualified person has not done sufficient work to classify the historical estimates as current Mineral Resources or current Mineral Reserves and Fortuna is not treating the historical estimate as current Mineral Resources.
  • As of December 31, 2023, the Yaramoko Mine has Proven and Probable Mineral Reserves of 0.9 Mt containing 219 koz Au, in addition to Measured and Indicated Resources, exclusive of Mineral Reserves, of 0.5 Mt containing 43 koz Au, and Inferred Resources of 0.16 Mt containing 18 koz Au.

Tudor Gold Provides Review of Its 2023 Treaty Creek Drill Program and Establishes "At-The-Market" Equity Program

Retrieved on: 
Wednesday, February 14, 2024

Vancouver, British Columbia--(Newsfile Corp. - February 14, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to present the following review of its 2023 drill program (the "Program") completed at its Treaty Creek gold-copper project located in the Golden Triangle Mining Region of Northwestern British Columbia (the "Property").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - February 14, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to present the following review of its 2023 drill program (the "Program") completed at its Treaty Creek gold-copper project located in the Golden Triangle Mining Region of Northwestern British Columbia (the "Property").
  • The hole intersected an area classified as an Inferred Mineral Resource in the previous Mineral Resource Estimate.
  • This recently identified zone boasts higher-grade gold concentrations and comprises three drill holes, with two completed towards the end of the 2023 exploration campaign.
  • The Company also announces that it has established an "at-the-market" equity distribution program (the "ATM Program").

Stallion Uranium Begins Mobilization Efforts for Maiden Drill Program on Coffer Uranium Project

Retrieved on: 
Wednesday, February 14, 2024

The objective of the 2024 program is the discovery of uranium mineralization associated with the conductive electromagnetic (EM) anomalies.

Key Points: 
  • The objective of the 2024 program is the discovery of uranium mineralization associated with the conductive electromagnetic (EM) anomalies.
  • “We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company.
  • “This pragmatic approach gives our team high confidence in the Appaloosa target, while our strategy will continue to develop additional tier one targets for drill testing.”
    The program will be the first diamond drill program initiated on Stallion’s 100% owned Coffer Project.
  • This 3-hole, 3,300 meter drill program at Appaloosa marks the companies first drilling campaign in its efforts to discover the next significant uranium deposit in the Athabasca Basin.

Notice - AIMIA INC. and MITHAQ CANADA INC., File No. 2024-2

Retrieved on: 
Tuesday, February 13, 2024

TORONTO, Feb. 13, 2024 /CNW/ - On February 13, 2024, the Tribunal issued a Notice of Hearing pursuant to sections 104 and 127 of the Securities Act, RSO 1990, c S.5, to consider the Application filed by Aimia Inc. dated February 13, 2024, requesting an order declaring that Mithaq Canada Inc. breached securities law and directing Mithaq Canada Inc. to comply with National Instrument 62-104 Take Over Bids and Issuer Bids.

Key Points: 
  • TORONTO, Feb. 13, 2024 /CNW/ - On February 13, 2024, the Tribunal issued a Notice of Hearing pursuant to sections 104 and 127 of the Securities Act, RSO 1990, c S.5, to consider the Application filed by Aimia Inc. dated February 13, 2024, requesting an order declaring that Mithaq Canada Inc. breached securities law and directing Mithaq Canada Inc. to comply with National Instrument 62-104 Take Over Bids and Issuer Bids.
  • A preliminary attendance will be held on February 15, 2024 at 9:30 a.m.
    A copy of the Notice of Hearing dated February 13, 2024 and the Application dated February 13, 2024 are available at capitalmarketstribunal.ca

Cosa Announces Upsized C$6.5 Million Bought Deal Private Placement to Fund Athabasca Basin Uranium Exploration

Retrieved on: 
Tuesday, February 13, 2024

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa” or the “Company”) is pleased to announce that, in connection with its previously announced bought deal private placement offering (the “Offering”), it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters (collectively, the “Underwriters”) to increase the size of the Offering to: (i) 2,128,000 hard dollar units of the Company (the “Hard Dollar Units”) at a price of C$0.47 per Hard Dollar Unit (the “Hard Dollar Issue Price”), and (ii) 7,704,000 charity flow-through units of the Company (the “Charity FT Units”, and together with the Hard Dollar Units, the “Units”) at a price of C$0.714 per Charity FT Unit (the “Charity FT Issue Price”), for aggregate gross proceeds to the Company of C$6,500,816.

Key Points: 
  • Each Warrant will entitle the holder thereof to purchase one Share (a “Warrant Share”) at an exercise price of C$0.67 for 24 months following the completion of the Offering.
  • All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Units effective December 31, 2024.
  • The net proceeds from the sale of Hard Dollar Units will be used to fund exploration and for additional working capital purposes.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Orex Signs Option Agreement to Acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico

Retrieved on: 
Tuesday, February 13, 2024

de C.V. ("EEC"), a Mexican registered private company, to acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico (the "Valenciana Property").

Key Points: 
  • de C.V. ("EEC"), a Mexican registered private company, to acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico (the "Valenciana Property").
  • It is located on the Mesa Central within the prolific "Silver Trend" of Mexico.
  • Orex's President & CEO, Ben Whiting, P.Geo., said; "This is a time of opportunities in the Mexican Mining Industry.
  • The Valenciana Mining District fits that description, and this is an excellent opportunity to restart exploration at Valenciana."

Significant Drill Results at Becher

Retrieved on: 
Tuesday, February 13, 2024

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on drilling results at the Becher Project, which is part of the Egina earn-in and joint venture (Egina JV) with De Grey Mining (ASX:DEG).

Key Points: 
  • The Egina Gold Camp is Novo’s highly prospective gold belt in the Pilbara and includes the priority Becher and Nunyerry projects (Figure 1).
  • No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo’s Becher Project.
  • No significant results (>0.1 g/t Au) were returned from AC drilling at Irvine or Bonatti, although RC hole MSRC0030 at Irvine returned 1 m @ 6.3 g/t Au (Appendix 1 – Table 1).
  • One metre AC drill samples are collected from the drill rig through a cyclone and placed on the ground in piles for geological quantitative and qualitative logging.

Foremost Lithium Announces Commencement of Drill Program at Zoro Lithium Project

Retrieved on: 
Tuesday, February 13, 2024

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased to confirm today that it has commenced drilling on it’s Zoro Lithium Property located in the Snow Lake region of Manitoba.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased to confirm today that it has commenced drilling on it’s Zoro Lithium Property located in the Snow Lake region of Manitoba.
  • This drill program has been partially funded from a $300,000 grant awarded to the Company by The Manitoba Mineral Development Fund in January of 2024.
  • Given the fact that we have received a multi-year permit, we have time on our side to build tonnage and resource.
  • The Zoro Property drill program was originally targeted to commence following or in conjunction with our Jean Lake property drilling program, but it was decided to first initiate the drill program at Dyke 1 on the Zoro property, with the Jean Lake drill program to follow at a later date.

The Hunt for Junior Nickel Miners - Timing is Everything

Retrieved on: 
Tuesday, February 13, 2024

Historically, the nickel price has troughed at the 70th percentile, followed by a subsequent rebound."

Key Points: 
  • Historically, the nickel price has troughed at the 70th percentile, followed by a subsequent rebound."
  • There has been an addition of 3.877 billion pounds (1.758 million tonnes) of contained nickel to the Indicated resource.
  • Nickel Creek Platinum Corp. is focused on advancing its 100%-owned Nickel Shäw Project towards becoming Canada's next world-class nickel sulphide mine.
  • With the recent attention the news from Canada Nickel made with its major investment in Timmins, planning $1-billion nickel processing plant in Ontario for EVs, investors may be on the hunt for other nickel plays.