Geology

Dynasty Gold Closes $514,450 Oversubscribed Non-brokered Private Placement

Friday, April 9, 2021 - 10:05pm

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2021) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce that subject to Exchange approval, it has completed the first tranche of an oversubscribed non-brokered private placement of 3,026,176 units for gross proceeds of $514,450.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - April 9, 2021) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce that subject to Exchange approval, it has completed the first tranche of an oversubscribed non-brokered private placement of 3,026,176 units for gross proceeds of $514,450.
  • The units issued under the private placement are subject to a four-month hold period from the date of closing.
  • The proceeds from the private placement will be used to advance the company's gold projects and for general corporate purposes.
  • Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada.

Buffalo Coal: Unprotected Strike at Aviemore Mine

Friday, April 9, 2021 - 4:23pm

Toronto, Ontario--(Newsfile Corp. - April 9, 2021) - Buffalo Coal Corp. (TSXV: BUF) announces that, on April 8, 2021 during the afternoon shift, approximately 130 employees at the Company's Aviemore mine refused to vacate their workstations and commenced with unprotected strike action.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 9, 2021) - Buffalo Coal Corp. (TSXV: BUF) announces that, on April 8, 2021 during the afternoon shift, approximately 130 employees at the Company's Aviemore mine refused to vacate their workstations and commenced with unprotected strike action.
  • Management's efforts to convince these employees to cease their illegal and dangerous actions have been unsuccessful.
  • It holds a majority interest in two operating mines through its 100% interest in Buffalo Coal Dundee, a South African company which has a 70% interest in Zinoju.
  • Zinoju holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South Africa.

Oil & Gas Deal Value Falls 88% in 1Q21 to $3.4 Billion

Thursday, April 8, 2021 - 9:57pm

The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20.

Key Points: 
  • The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20.
  • Q1 deal activity largely focused on production-heavy assets in legacy oil plays.
  • Combined, the Bakken and Eagle Ford accounted for two-thirds of deal value.
  • A strong rally in crude oil prices improving cash flow from these more developed areas likely helped spur the additional buyer interest.

Thesis Gold Contextualizes Historical IP Survey and Produces Targets for 2021 Drill Program

Thursday, April 8, 2021 - 2:00pm

Thesis has identified eight untested target zones within the 6.65km2 IP survey area (50 m line spacing) based on geophysical responses associated with gold endowment that merit follow-up work during the upcoming field program.

Key Points: 
  • Thesis has identified eight untested target zones within the 6.65km2 IP survey area (50 m line spacing) based on geophysical responses associated with gold endowment that merit follow-up work during the upcoming field program.
  • Ewan Webster, President and CEO, commented, "The historical IP data was evaluated over existing drilling to establish a geophysical matrix specific to gold mineralization.
  • The IP survey was acquired in 2007, after the historical drilling on the project, and therefore was never utilized for drill targeting.
  • To evaluate these new targets a field-based exploration program will focus on soil and rock sampling in addition to detailed geological mapping to delineate drill targets for the Company's 2021 program.

Max Resource Reports a Second New Copper Discovery at CESAR North, NE Colombia

Thursday, April 8, 2021 - 5:00am

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to the Kupferschiefer Basin in Poland.

Key Points: 
  • Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to the Kupferschiefer Basin in Poland.
  • This silver yield is almost twice the production of the world's second largest silver mine.
  • Max cautions investors that the presence of copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at CESAR.
  • The CESAR project in North Eastern Colombia covers a significant portion of the 200-km long Cesar Basin, has now been demonstrated to contain widespread highly prospective copper-silver mineralization.

Orestone to Drill Captain Gold-Copper Porphyry Target

Wednesday, April 7, 2021 - 2:08pm

The exploration model at Captain is a large scale potassic-sericite altered calc-alkaline gold-copper porphyry target.

Key Points: 
  • The exploration model at Captain is a large scale potassic-sericite altered calc-alkaline gold-copper porphyry target.
  • The drill program will consist of 1,000 to 2,000 meters of core drilling in 2 - 3 holes and is budgeted at $300,000 to $600,000 designed to follow up and test for porphyry mineralization intersected in holes C13-03 and C19-03.
  • Logistics for the drill program are excellent as all of the drill locations are on existing roads with easy access one hours drive north of Fort St. James in north central BC.
  • "The focus of this drill program is an exciting calc-alkaline porphyry target.

Angkor Resources Announces Initial Assay Results from Wild Boar Gold Prospect, Cambodia

Wednesday, April 7, 2021 - 2:15pm

Initial assays returned gold grades from 0.15 g/tonne Au to 7.76 g/tonne Au.

Key Points: 
  • Initial assays returned gold grades from 0.15 g/tonne Au to 7.76 g/tonne Au.
  • The shallow dipping veins which strike in two directions likely represent an epithermal stockwork emplaced near the roof of the hosting granodiorite intrusive.
  • Typically, gold grades increase with depth reaching a peak at the point referred to as the 'Bonanza Zone'.
  • In 2019, the company received approval to negotiate Production Sharing Contract (PSC) terms for Block VIII, a 7,300 square kilometre oil and gas license in Cambodia.

Distinction Energy Corp. announces changes to executive officers

Tuesday, April 6, 2021 - 3:31pm

CALGARY, Alberta, April 06, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (Distinction or the Company) announces that, effective April 5, 2021 and pursuant to previously disclosed plans to rebuild Distinction from last years CCAA process, the executive officers of the Company have been reconstituted as follows:

Key Points: 
  • CALGARY, Alberta, April 06, 2021 (GLOBE NEWSWIRE) -- Distinction Energy Corp. (Distinction or the Company) announces that, effective April 5, 2021 and pursuant to previously disclosed plans to rebuild Distinction from last years CCAA process, the executive officers of the Company have been reconstituted as follows:
    Mr. Timothy Schneider has resigned as President and Chief Executive Officer and Mr. Patrick Carlson has been appointed President and Chief Executive Officer of the Company in his place.
  • The current membership of the board of directors of Distinction remains unchanged.
  • Distinction Energy Corp. is a leading junior oil and gas company focussed on liquids-rich natural gas produced primarily from the Montney formation.
  • The use of the barrel of oil equivalent (boe) measurement may be misleading, particularly if used in isolation.

ArcPacific Begins Drilling at Rickard Gold Property

Tuesday, April 6, 2021 - 1:30pm

Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - ArcPacific Resources Corp.(TSXV: ACP)("ACP" or the "Company")is pleased to announce that it has commenced drilling at its Rickard Gold Project (the "Property") near Timmins, Ontario.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - ArcPacific Resources Corp.(TSXV: ACP)("ACP" or the "Company")is pleased to announce that it has commenced drilling at its Rickard Gold Project (the "Property") near Timmins, Ontario.
  • The primary target type at the Property is high-grade gold within a well-developed greenstone-hosted quartz-carbonate vein system.
  • The Property sits within the prolific Abitibi Greenstone Belt which hosts several world class gold deposits and boasts some of the deepest mining operations in the world.
  • The Property is located approximately 70 kilometres from the town of Timmins in the Timmins Gold Camp which has produced over 80 million ounces of gold over the last 100 years.

Colibri to Begin 3D Induced Polarization Survey at Its Flagship Evelyn Gold Project in the Caborca Gold Belt

Tuesday, April 6, 2021 - 11:42am

Colibri acquired the Evelyn property in 2011 and through 2013 completed a property wide soil geochemistry survey, outcrop sampling, and geological/structural mapping programs.

Key Points: 
  • Colibri acquired the Evelyn property in 2011 and through 2013 completed a property wide soil geochemistry survey, outcrop sampling, and geological/structural mapping programs.
  • Since early 2019, the Company has been continuously exploring the Evelyn property, initially focussed on follow-up of the 2012- 2013 soil survey results.
  • The Company has competed a drone magnetic survey, geological mapping and prospecting programs, outcrop and subcrop sampling, and trenching programs.
  • The Evelyn Gold Project is an Orogenic-type gold target located in the Caborca Gold Belt of northwestern Sonora.