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Rio2 Files Final Financing Prospectus

Retrieved on: 
Thursday, August 5, 2021

VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) has obtained a receipt for its final short form prospectus dated August 4, 2021 (the “Prospectus”) filed in connection with previously announced underwritten public offering (the “Offering”) of common shares of the Company (“Common Shares”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Rio2 Limited (Rio2 or the Company) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) has obtained a receipt for its final short form prospectus dated August 4, 2021 (the Prospectus) filed in connection with previously announced underwritten public offering (the Offering) of common shares of the Company (Common Shares).
  • The Technical Report supports the disclosure in the AIF (as defined below) and the Prospectus.
  • Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy.
  • To learn more about Rio2 Limited, please visit: www.rio2.com or Rio2s SEDAR profile at www.sedar.com .

Northstar Closes First Tranche of Private Placement

Retrieved on: 
Thursday, August 5, 2021

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2021) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), announces the Company has closed the first tranche of its previously announced $2.5 million non-brokered private placement of units ("Units"), for gross proceeds of CDN$1,572,220 (the "Offering").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - August 5, 2021) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company"), announces the Company has closed the first tranche of its previously announced $2.5 million non-brokered private placement of units ("Units"), for gross proceeds of CDN$1,572,220 (the "Offering").
  • Northstar drilled 5,023 metres in 28 holes at Miller in 2020, targeting near-surface high-grade and bulk-tonnage gold-telluride mineralization at Miller.
  • Northstar recently completed a 1,990 metre Phase IIA follow up diamond drill program at Miller on April 27th, 2021.
  • Northstar is advancing all 3 properties to the NI 43-101 Technical Report stage to maximize geological understanding, increase investor awareness and optimize monetization opportunities.

ArcWest Partner Wedgemount Resources Reports Initial Assay Results from Eagle Exploration Program: Samples up to 9.86 % Copper and 2.5 grams/tonne Gold

Retrieved on: 
Thursday, August 5, 2021

Based on a thorough review of all compiled recent and historical exploration data, other high-priority targets were defined and prioritised.

Key Points: 
  • Based on a thorough review of all compiled recent and historical exploration data, other high-priority targets were defined and prioritised.
  • Based on these new data, drill targeting will be completed and a decision will be made to commence with drill testing.
  • Milligan copper-gold mine of Centerra Gold and the Kwanika copper-gold development project of Northwest Copper.
  • The Eagle project is subject to an earn-in agreement with ArcWest Exploration Inc (see AWX news release dated October 5th, 2020).

FenixOro Cuts 11.4 Meters at 6.08 g/t Gold on the Santa Teresa Vein System at Abriaqui

Retrieved on: 
Thursday, August 5, 2021

Results are substantially better than the average 3 meters @ 5.0 g/t gold assumed in a recently reported resource potential estimate for the Santa Teresa vein system (see Press Release March 19, 2021).

Key Points: 
  • Results are substantially better than the average 3 meters @ 5.0 g/t gold assumed in a recently reported resource potential estimate for the Santa Teresa vein system (see Press Release March 19, 2021).
  • Results from four additional crosscuts testing 400 meters of strike of the Santa Teresa system are pending.
  • The Santa Teresa trend is the longest and best developed vein system within the Northwest Vein Corridor (NWC) at Abriaqui (Figure 1).
  • Location of the Santa Teresa Vein system within the Northwest Corridor of veins at Abriaqui: https://www.globenewswire.com/NewsRoom/AttachmentNg/091c943a-244b-4443-8...
    Figure 2.

Globex Purchases the Rouyn Merger Gold Property

Retrieved on: 
Thursday, August 5, 2021

The property consists of 49 claims totaling 1,509.4 hectares (3,729.8 acres) covering approximately 6.5 kilometres (4.04 miles) of the prolific, gold localizing Cadillac Break.

Key Points: 
  • The property consists of 49 claims totaling 1,509.4 hectares (3,729.8 acres) covering approximately 6.5 kilometres (4.04 miles) of the prolific, gold localizing Cadillac Break.
  • The Rouyn Merger property includes several areas of known gold mineralization including the Rouyn Merger, ONeil-Thompson and East ONeil zones which have seen historical drilling to relatively shallow depth, outlining in some cases significant but erratic gold vein structures at or near the gold localizing Cadillac Break.
  • The Rouyn Merger property has been explored intermittently since the 1930s when the Rouyn Merger gold deposit was found.
  • Prior to acquiring the property, Globex undertook 3D modeling of all the readily available geological, geophysical and drill data.

Talon Metals Grows the New 'Pool' of Massive Nickel-Copper Mineralization at the Tamarack Nickel Project

Retrieved on: 
Thursday, August 5, 2021

The Tamarack Nickel Project comprises the Tamarack North Project and the Tamarack South Project.

Key Points: 
  • The Tamarack Nickel Project comprises the Tamarack North Project and the Tamarack South Project.
  • These results show a second thickened 'pool' of massive sulphide mineralization, whose boundaries are still open in all directions.
  • These drill holes have intersected a thick 'pool' of mixed and massive nickel-copper mineralization that has not yet been completely defined.
  • Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project.

O3 Mining Expands Mineralization at Alpha on its Bulldog Deposit and Kappa Zone

Retrieved on: 
Thursday, August 5, 2021

Drilling at Marban has focused on expanding mineralization in and outside of the proposed PEA pit areas, as well as discovering new mineralization for an underground mining scenario.

Key Points: 
  • Drilling at Marban has focused on expanding mineralization in and outside of the proposed PEA pit areas, as well as discovering new mineralization for an underground mining scenario.
  • O3 Mining aims to become a leading gold producer and put the Marban project into production by 2026.
  • The Alpha property is located 8 kilometres east of Val-d'Or, Qubec, and 3 kilometres south of the El Dorado Lamaque Mine.
  • Drilling at Alpha is at an earlier stage than at Marban and has focused on grassroots exploration, deposit delineation, and resource expansion.

Canuc Confirms Massive Magnetite and Uncovers New Gold Zone at San Javier

Retrieved on: 
Wednesday, August 4, 2021

The mineralization is associated with a previously unrecognized, northwest-southeast trending, fault related magnetite breccia zone.

Key Points: 
  • The mineralization is associated with a previously unrecognized, northwest-southeast trending, fault related magnetite breccia zone.
  • To enhance understanding of the mineralogy for the silver found in massive magnetite veining at San Javier, six high grade silver samples were submitted to ALS Global Laboratories in Kamloops, British Colombia for Quemscan analysis.
  • "Encountering massive magnetite early in our drill program is the strongest evidence yet supporting the IOCG thesis for San Javier.
  • Canuc is a junior company focusing on the San Javier Silver-Gold Project in Sonora State, Mexico.

Allegiant Announces Filing of Preliminary Short Form Prospectus and Updated Technical Report for Previously Announced Bought Deal Offering and Updated Inferred Resource Estimate of 1.4M Gold and 8.7M Silver Ounces at Flagship Eastside Project in Nevada

Retrieved on: 
Wednesday, August 4, 2021

The work has resulted in a significant increase in Inferred resources at its district-scale flagship, Eastside and Castle property near Tonopah, Nevada.

Key Points: 
  • The work has resulted in a significant increase in Inferred resources at its district-scale flagship, Eastside and Castle property near Tonopah, Nevada.
  • The updated resource now incorporates a resource at the Castle Area and 9 additional holes at the Eastside Original Pit Zone.
  • The updated resource estimate (Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada) was conducted by Mine Development Associates (MDA), a division of RESPEC of Reno, Nevada with an effective date of July 30, 2021.
  • Allegiants flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure.

American Pacific Mining Reports Commencement of Drone Magnetic Survey at Madison

Retrieved on: 
Wednesday, August 4, 2021

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF / FWB: 1QC) (American Pacific or the Company) is pleased to report that Kennecott Exploration Company (Kennecott), a division of the Rio Tinto Group (Rio Tinto), has commenced an Unmanned Aerial Vehicle (UAV) Magnetic Survey over American Pacifics past-producing Madison Copper-Gold Project (the Madison Project) that is focused on defining a detailed magnetic signature of the Madison Limestone-Rader Creek intrusive contact.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF / FWB: 1QC) (American Pacific or the Company) is pleased to report that Kennecott Exploration Company (Kennecott), a division of the Rio Tinto Group (Rio Tinto), has commenced an Unmanned Aerial Vehicle (UAV) Magnetic Survey over American Pacifics past-producing Madison Copper-Gold Project (the Madison Project) that is focused on defining a detailed magnetic signature of the Madison Limestone-Rader Creek intrusive contact.
  • American Pacific has a joint venture earn-in agreement with Rio Tinto, whereby Rio Tinto may spend US$30 million to earn up to 70% of the Madison Project, located in Montana, USA.
  • A geophysical service, which provides UAV-based magnetic surveying for mineral exploration worldwide, is currently flying the orthophoto component of the drone magnetics survey at Madison.
  • About American Pacific Mining Corp.
    American Pacific Mining Corp. is a precious metals explorer focused on opportunities in the Western United States.