NI

Lithium South Expands Production Goals with Updated PEA and Strategic Team Addition

Retrieved on: 
Wednesday, October 18, 2023

The report will use the new HMN Li Project upgraded resource of 1.58 million tonnes Lithium Carbonate Equivalent (LCE).

Key Points: 
  • The report will use the new HMN Li Project upgraded resource of 1.58 million tonnes Lithium Carbonate Equivalent (LCE).
  • The report will use an Initial Design Capacity (IDC) of 15,000 tonnes per year LCE production.
  • The Company has selected low risk, industry proven conventional evaporation as the means of lithium recovery.
  • The JDS team prides itself on delivering project concepts from inception to full operations, providing clients with technical engineering support, onsite operations services and EPCM.

Canadian North Resources Inc. Undertakes Updating NI43-101 Mineral Resources Report for the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project

Retrieved on: 
Tuesday, October 17, 2023

TORONTO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company’; TSXV:CNRI; OTCQX:CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce it has commissioned a new Mineral Resource estimation in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for its Ferguson Lake nickel, copper, cobalt, palladium and platinum project (“Ferguson Lake Project”) in Nunavut, Canada.

Key Points: 
  • Adding results of 39,270 meters in 145 holes of new diamond drilling to the project database for the completion of an updated Mineral Resources estimation.
  • New Mineral Resource model to include both mineralization types and significant extensions of mineralized zones defined by the Company drilling to September 2023.
  • SRK Consulting (Canada) Inc. and Ronacher McKenzie Geosciences Inc. have been engaged for an independent technical review of the project, an update of the 2022 resource estimate and preparation of the new NI 43-101 Mineral Resource Report.
  • TORONTO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company’; TSXV:CNRI; OTCQX:CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce it has commissioned a new Mineral Resource estimation in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for its Ferguson Lake nickel, copper, cobalt, palladium and platinum project (“Ferguson Lake Project”) in Nunavut, Canada.

Earthworks Announces Amendment to Brokered Financing and Debt Extension

Retrieved on: 
Tuesday, October 17, 2023

VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Earthworks Industries Inc. (TSXV:EWK) (the “Company”) is pleased to announce that it is amending the terms of its brokered private placement (the “Offering”) previously announced on September 21, 2023. The amended Offering will be for a minimum of 5,000,000 up to a maximum of 7,500,000 units (the “Units”) of the Company at a price of C$0.20 per Unit (the “Offering Price”) for gross proceeds to the Company of a minimum of C$1,000,000 up to a maximum of C$1,500,000.  

Key Points: 
  • The Company intends to use the net proceeds of the Offering for working capital, general corporate purposes and to pay outstanding accounts payable and a debt extension fee.
  • The securities offered under the Listed Issuer Financing Exemption will not be subject to a statutory hold period in accordance with applicable Canadian securities laws.
  • The Amended Debt Settlement Agreement is subject to acceptance by the TSXV by November 30, 2023.
  • These amendments are a testament to North Bay’s confidence in Earthworks and the Cortina Project and allows Earthworks to avoid unnecessary equity dilution to shareholders”.

Emperor Intersects 15.8 g/t Au over 10.8 m on Duquesne West Property Under Option from Globex

Retrieved on: 
Tuesday, October 17, 2023

To date, Emperor have completed 8,239 m of the initial +8,000 m drill program, having recently completed drill hole DQ23-13.

Key Points: 
  • To date, Emperor have completed 8,239 m of the initial +8,000 m drill program, having recently completed drill hole DQ23-13.
  • Emperor previously announced partial assays from holes DQ23-01 and DQ23-02 ( click to Globex press release dated September 12, 2023 ).
  • The Duquesne West Property has a historical NI 43-101 Inferred Resource of 727,000 tonnes grading 5.42 g/t Au (using a gold price of $960.00 US/oz.
  • Au).

Pan American Energy Corp: Exploration Permit Issued For The Big Mack Lithium Project, Ontario

Retrieved on: 
Tuesday, October 17, 2023

CALGARY, Alberta, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that the Company has received an Exploration Permit (PR-23-000091) from the Ontario Ministry of Mines for the Big Mack Lithium Project (the “Property”).

Key Points: 
  • CALGARY, Alberta, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that the Company has received an Exploration Permit (PR-23-000091) from the Ontario Ministry of Mines for the Big Mack Lithium Project (the “Property”).
  • The Company’s contractor partner, Axiom Exploration (“Axiom”), will support the planned exploration work, including project management, drill program design, geological data collection, testing and technical reporting.
  • Over 20+ pegmatites identified across the Property with three priority targets – Big Mack, Eleven Zone and Sprinkler/6059 which will be the focus of the planned exploration program.
  • “We are thrilled to have received this exploration permit from the Ontario Ministry of Mines and look forward to getting to work in the coming weeks,” said Jason Latkowcer, Chief Executive Officer at Pan American.

Latin Metals Signs Community Agreement and Initiates Exploration at the Jacha Project, Southern Peru

Retrieved on: 
Monday, October 16, 2023

VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) – (TSXV: LMS) OTCQB: LMSQF) announces that it has signed an agreement (the “Agreement”) with the community of Sahua Sahua located in Paruro, Cusco Region.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) – (TSXV: LMS) OTCQB: LMSQF) announces that it has signed an agreement (the “Agreement”) with the community of Sahua Sahua located in Paruro, Cusco Region.
  • The Agreement clears the path for exploration at the Company’s 100% owned Jacha Project (“Jacha” or the “Project”).
  • Latin Metals’ staff have begun collecting soil and rock samples at this high priority project.
  • Latin Metals acquired the project in 2020 and quickly set out a stakeholder engagement strategy with the objective of securing a community agreement.

SONORO FILES PRELIMINARY ECONOMIC ASSESSMENT

Retrieved on: 
Monday, October 16, 2023

VANCOUVER, Canada, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report the filing of a technical report titled “NI 43-101 Technical Report for the Preliminary Economic Assessment on the Cerro Caliche Project, Sonora, Mexico” (the “PEA”) with an effective date of August 28, 2023.

Key Points: 
  • VANCOUVER, Canada, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report the filing of a technical report titled “NI 43-101 Technical Report for the Preliminary Economic Assessment on the Cerro Caliche Project, Sonora, Mexico” (the “PEA”) with an effective date of August 28, 2023.
  • The PEA has been prepared in accordance with the requirements of National Instrument 43-101 (“NI 43-101”) by D.E.N.M.
  • Initial CAPEX costs of USD $15.5 million, including USD $1.83 million in contingency
    Note: All currencies are reported in U.S. dollars.
  • Sonoro Director, Stephen Kenwood, P.Geo., is a Qualified Person within the context of NI 43-101 and has read and approved this news release.

United Lithium Increases Land Package by 20,000 Hectares, Drill Results Pending at Kietyönmäki Project, Finland

Retrieved on: 
Thursday, October 12, 2023

The Main Dyke, within the original 900 ha Kietyönmäki parcel, historically returned strong drill results encouraging United to increase its holdings in the region.

Key Points: 
  • The Main Dyke, within the original 900 ha Kietyönmäki parcel, historically returned strong drill results encouraging United to increase its holdings in the region.
  • The Company expects to release the final results from the 2022-2023 drilling program at Kietyönmäki in the coming weeks.
  • Finland has demonstrated that it hosts lithium deposits that can be developed.
  • The Kietyönmäki dyke swarm is composed of several petalite and spodumene-bearing pegmatite dykes, the largest being the Main Dyke.

Endeavour Announces Tanda-Iguela Drill Results

Retrieved on: 
Wednesday, October 11, 2023

Following the definition of a maiden resource last year, we are thrilled with the drill results obtained so far this year, as they reaffirm Tanda-Iguela's potential to be a tier 1 asset.

Key Points: 
  • Following the definition of a maiden resource last year, we are thrilled with the drill results obtained so far this year, as they reaffirm Tanda-Iguela's potential to be a tier 1 asset.
  • An updated mineral resource estimate is expected to be published in late-2023, incorporating at least 165,000 metres of additional drill results, compared with 58,000 metres of drill results used to build the maiden resource.
  • For technical notes and drilling results from the Assafou drill programme, please see the Technical Notes section and Appendix A below.
  • Drill core (PQ, HQ and NQ size) samples are selected by Endeavour geologists and cut in half with a diamond blade at the project site.

Osisko Development Receives Environmental Assessment Certificate for Cariboo Gold Project

Retrieved on: 
Tuesday, October 10, 2023

MONTRÉAL, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has received an Environmental Assessment ("EA") Certificate for the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada.

Key Points: 
  • MONTRÉAL, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce that it has received an Environmental Assessment ("EA") Certificate for the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada.
  • Receipt of the EA certificate marks a major, positive milestone for the Cariboo Gold Project.
  • Lhtako Dené Nation Chief and Council remarked, "We are extremely proud of the relationship fostered with Osisko Development on the Cariboo Gold Project over the past several years.
  • For further information on the Cariboo Gold Project, please visit the Osisko Development corporate website at www.osiskodev.com and the Cariboo project website at www.cariboogold.com .