Technical report

FenixOro Closes First Tranche of Private Placement Gross Proceeds of $369,000 To Continue Drilling of Southern Block

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Tuesday, July 5, 2022 - 9:01pm

TORONTO, July 05, 2022 (GLOBE NEWSWIRE) -- FenixOro Gold Corp. (CSE: FENX; OTCQB: FDVXF; Frankfurt: 8FD) (the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the "Private Placement"), previously announced on June 15, 2022. The Company has issued a total 2,050,000 Units ("Units") at a subscription price of $0.18 per Unit for gross proceeds of $369,000 in this first tranche. Each Unit consists of one common share of the Company and one common share purchase warrant, with each warrant being exercisable for one additional common share at an exercise price of $0.23 for a period of two years from their date of issuance.

Key Points: 
  • The Company has issued a total 2,050,000 Units ("Units") at a subscription price of $0.18 per Unit for gross proceeds of $369,000 in this first tranche.
  • Directors and officers of the Company acquired 800,000 Units pursuant to Private Placement, for aggregate gross proceeds of $144,000.
  • The Company intends to complete a second tranche closing of the Private Placement in the coming weeks for anticipated additional gross proceeds of up to $2.6 million.
  • Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

ST. JAMES GOLD CORP. MOBILIZES DRILL AND CREWS TO THE FLORIN GOLD PROJECT IN YUKON TERRITORY, CANADA

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Tuesday, July 5, 2022 - 1:30pm

* The Florin Gold Project contains an inferred resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cut-off of 0.30g/t, at a $1,650 gold price.

Key Points: 
  • * The Florin Gold Project contains an inferred resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cut-off of 0.30g/t, at a $1,650 gold price.
  • For additional information, see the Technical Report prepared in accordance with National Instrument 43-101 entitled Florin Gold Project NI 43-101 Technical Report, Mayo and Dawson Mining Districts, Yukon Territory, by Ronald G Simpson, P.Geo.
  • of GeoSim Services Inc., dated April 6, 2021, a copy of with is available under the Companys SEDAR profile.
  • The 16-member crew will oversee a diamond drill program of up to 8,500 metres.

Kamoa Copper Reports Record Quarterly Production of 87,314 Tonnes of Copper in Q2 2022

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Tuesday, July 5, 2022 - 12:30pm

Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - July 5, 2022) -  Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng "Miles" Sun are pleased to announce that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo has set a new quarterly production record in the second quarter of 2022, with 87,314 tonnes of copper in concentrate produced.

Key Points: 
  • Kamoa Copper milled approximately 1.95 million ore tonnes during the second quarter at an average feed grade of 5.44% copper.
  • Kamoa-Kakula's Phase 1 and Phase 2 concentrator plants produced a record 30,379 tonnes of copper in June 2022.
  • Kamoa Copper is approaching a copper production rate of 400,000 tonnes per year.
  • To view an enhanced version of this graphic, please visit:
    Figure 1: Monthly Kakula cumulative copper production - total production of approximately 250,000 tonnes copper from May 2021 to June 30, 2022.

White Gold Corp. Commences Drill Program at the Betty Property, Yukon

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Tuesday, July 5, 2022 - 12:30pm

Our 2021 maiden diamond drill program on the Betty Ford target returned one of the best holes drilled in the district, intersecting 3.46 g/t gold over 50m from near surface.

Key Points: 
  • Our 2021 maiden diamond drill program on the Betty Ford target returned one of the best holes drilled in the district, intersecting 3.46 g/t gold over 50m from near surface.
  • Our Betty property is located in close proximity to existing large gold and copper deposits along the same fault structure.
  • An overview of the planned 2022 Betty drill program, was provided in a Company News Release dated May 18, 2022.
  • Once the Betty drill program is complete, the diamond drill rig will return to the White Gold property to carry out an additional phase of drilling on Ryans Surprise.

Turmalina Metals Files NI 43-101 Technical Report for the Chanape Gold-Silver-Copper Project, Peru

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Tuesday, July 5, 2022 - 1:00pm

The Company should explore the tourmaline breccia targets, and in addition, should evaluate the deeper porphyry potential of the Project.

Key Points: 
  • The Company should explore the tourmaline breccia targets, and in addition, should evaluate the deeper porphyry potential of the Project.
  • Completing the Technical Report on Chanape is an important step forward as we prepare for our inaugural drilling program at the Project.
  • About Turmalina Metals: Turmalina Metals is a TSXV-listed exploration company focused on developing our portfolio of high-grade gold-copper-silver projects in South America.
  • Turmalina Metals is led by a team responsible for multiple gold-copper-silver discoveries who are highly experienced in this deposit style.

SilverCrest Announces First Pour at Las Chispas Mine

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Tuesday, July 5, 2022 - 12:00pm

VANCOUVER, BC, July 5, 2022 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to report the first pour of silver and gold at the Company's Las Chispas Mine ("Las Chispas" or the "Mine") located in Sonora, Mexico.

Key Points: 
  • VANCOUVER, BC, July 5, 2022 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to report the first pour of silver and gold at the Company's Las Chispas Mine ("Las Chispas" or the "Mine") located in Sonora, Mexico.
  • Photos of the first pour at Las Chispas Mine are attached.
  • The Company's top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed construction of its Las Chispas Project and is proceeding with commissioning.
  • SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries.

MAKO MINING PROVIDES UPDATE ON ONE YEAR ANNIVERSARY SINCE DECLARING COMMERCIAL PRODUCTION

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Tuesday, July 5, 2022 - 12:00pm

VANCOUVER, BC, July 5th, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide an update on its first anniversary since declaring commercial production at its San Albino mine in Northern Nicaragua.

Key Points: 
  • VANCOUVER, BC, July 5th, 2022 /PRNewswire/ - Mako Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the "Company") is pleased to provide an update on its first anniversary since declaring commercial production at its San Albino mine in Northern Nicaragua.
  • Mako has now been in commercial production for 1 year.
  • Having just finished Q2 2022, some of the production statistics below are estimates as they have not been fully reconciled.
  • Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Caledonia declares quarterly dividend

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Tuesday, July 5, 2022 - 7:00am

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No.

Key Points: 
  • Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No.
  • Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information.
  • Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
  • This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere.

Osisko Metals Update on Previously-Announced Option to Acquire Gaspé Copper Project

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Monday, July 4, 2022 - 2:06pm

MONTREAL, July 04, 2022 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to update that Glencore Canada Corporation and the Company have agreed to extend to July 8, 2022, the time for exercise of the Company's option to acquire the Gaspé Copper project, located near Murdochville in the Gaspé peninsula of Québec.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    MONTREAL, July 04, 2022 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to update that Glencore Canada Corporation and the Company have agreed to extend to July 8, 2022, the time for exercise of the Company's option to acquire the Gasp Copper project, located near Murdochville in the Gasp peninsula of Qubec.
  • The Company's option to purchase from Glencore Canada Corporation, a 100% interest in the Gasp Copper property, is more particularly described in the management's discussion and analysis of the Company for the three-month period ended March 31, 2022, a copy of which is available on SEDAR ( www.sedar.com ) under Osisko Metals' issuer profile.
  • Osisko Metals Incorporated is a Canadian exploration and development company focused on creating value in the base metal space.
  • Zinc equivalency percentages noted above are calculated using metal prices, forecasted metal recoveries, concentrate grades, transport costs, smelter payable metals and charges.

Canadian securities regulators extend comment period on mineral disclosure consultation

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Thursday, June 30, 2022 - 4:00pm

VANCOUVER, BC and MONTREAL, June 30, 2022 /CNW/ -The Canadian Securities Administrators (CSA) is extending the comment period for its consultation paper on national standards for disclosing scientific and technical information about mineral projects.

Key Points: 
  • VANCOUVER, BC and MONTREAL, June 30, 2022 /CNW/ -The Canadian Securities Administrators (CSA) is extending the comment period for its consultation paper on national standards for disclosing scientific and technical information about mineral projects.
  • The comment period for CSA Consultation Paper 43-401 Consultation on National Instrument 43-101 Standards of Disclosure for Mineral Projects , originally scheduled to end July 13, 2022, will continue to September 13, 2022.
  • The CSA continually monitors the mineral disclosure requirements in National Instrument 43-101 Standards of Disclosure for Mineral Projects and has gathered data showing deficiencies in technical report disclosure.
  • Details about submitting comments can be found at the end of the consultation paper.