White Gold Corp. Commences Exploration on Vertigo Discovery and Newly Identified Targets along Vertigo Trend on JP Ross Property

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company" – https://www.commodity-tv.net/c/search_adv/?v=298903 ) is pleased to announce it has commenced its $13 million fully funded 2019 exploration program on its extensive 439,000 hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. A total of 17,000m of diamond drilling and 7,500m of Reverse Circulation (“RC”) drilling is expected this season as part of the Company’s systematic data driven exploration plan backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).  Exploration activity has commenced on the JP Ross property focusing on expanding the footprint of the recent Vertigo discovery and other newly identified high priority targets along the 14km Vertigo Trend.

A map outlining the targets on the JP Ross property can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • Detailed soil sampling performed in 2018 has proven effective to highlight known mineralization on the Vertigo discovery and also identified several new targets on the Vertigo Trend and across the JP Ross property associated with regional scale structures, demonstrating the potential for multiple mineralized systems. These areas and will be followed up with the GT Probe and other work to further assess the size and intensity of the anomalies and define 2019 drill targets.
  • GT Probe sampling has commenced on the road accessible Vertigo focused on expanding the footprint of the discovery. The GT Probe will also be testing the other targets recently defined on the JP Ross property which demonstrate strong similarities to Vertigo.
  • RC drilling scheduled to commence in early May on the JP Ross property focused on expansion of the Vertigo along strike. An additional 4 to 5 target areas are expected to have RC drilling as follow up to the GT Probe program.
  • Diamond drilling is anticipated to commence in June on the Vertigo discovery. 10,000m of diamond drilling is planned on the Vertigo to evaluate geometry as well as the lateral and vertical continuity of mineralized structures discovered in 2018.

“2018 was a very successful year for White Gold, producing multiple brand-new discoveries including the Vertigo, which returned some of the most significant drill intercepts ever encountered in Yukon.” stated David D’Onofrio, Chief Executive Officer. “We are very excited to have kicked off our 2019 program deploying the GT Probe which has proven to be highly effective in defining drill targets and was instrumental in all four of our discoveries in 2018.  We are eager to follow up on the Vertigo, and test other nearby targets defined late last season through detailed soil sampling, which demonstrate similar geochemical and structural signatures to the Vertigo. We are equally as excited to continue expanding both our flagship Golden Saddle deposit and the recently acquired VG deposit, and to follow up on our other 2018 discoveries, and to test our new high priority regional targets for the first time in 2019. Our recent successes have provided us further confidence in our highly specialized exploration methodologies, and we believe this could be our most exciting program to date.”   

Vertigo Exploration

The Company has deployed the GT Probe on the new high-grade, road accessible, Vertigo discovery on its JP Ross property – one of four new gold discoveries made in 2018. The Vertigo consists of a series of W-NW trending, steeply south dipping structures identified over a 650m wide corridor that was traced over 300m through RAB/RC drilling in 2018. The overall system has been traced a further 1,700m to the west through soil sampling, prospecting and geophysical surveys. The GT Probe work will initially focus on the western extension of the Vertigo and is designed to evaluate the footprint of the system and define high priority targets for follow up RC drilling, which is expected to initiate in early May. The GT Probe is a proprietary track-mounted rig designed to take samples from the soil-bedrock interface, resulting in sampling that is both cost effective and with minimal environmental impact.

The combination of GT Probe sampling and detailed infill soil sampling led the Company to the discovery of the Vertigo in 2018. Furthermore, it highlighted the potential for previously unrecognized narrow (<10m) zones of high-grade material (>10 g/t Au) that would have been overlooked using traditional exploration methodologies.  

The Vertigo is one of the Company’s most significant discoveries from the 2018 exploration season, with drilling highlights including, Hole JPRVERRAB18-014/JPRVERRC18-013 intersecting 22.47 g/t Au over 30.46m from surface ending in mineralization; Hole JPRVERRAB18-001 intersecting 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth; Hole JPRVERRAB18-006 intersecting 103.90 g/t Au over 1.53m within a broader intercept of 31.35 g/t Au over 6.10m from surface. Multiple high-grade grab samples were also encountered including 304.3 g/t, 156.2 g/t and 139.9 g/t among others.

New Targets on the JP Ross Property

The GT Probe will be also utilized across the JP Ross property to follow up on several high priority targets defined through detailed soil sampling in 2018. Results from the GT Probe and other specialized exploration activity completed on the targets will guide follow up RAB/RC drilling. Details regarding the initial high priority targets to be tested is outlined below:

Topaz

  • Located immediately south of the Vertigo and road accessible.
  • Consists of a series of NE and NW trending gold in soil anomalies over a 500m x 1,500m area with values ranging from trace to 284ppb Au.
  • Similar geochemical signature to the Vertigo (Au-Ag-Bi-Pb+/-As).
  • Rock samples from area returned grades up to 2.79 g/t Au.

Sabotage Trend

  • Located 7.5km northwest of the Vertigo.
  • Consists of multiple zones of anomalous Au in soils over a 1.5km x 5km NE trending area with values from trace to 1,908.3 ppb Au.
  • Detailed infill soil sampling focused on a 450m x 500m area within the Sabotage area in 2018, and returned discreet E-NE and NW trending gold in soil anomalies with values from trace to 295.3 ppb Au.
  • At least 12 other target areas along the Sabotage trend will be detail soil sampled in 2019 with follow up GT Probe and other exploration work as warranted.

Frenzy Trend

  • Located 8.5km north of the Vertigo and road accessible.
  • Consists of a series of gold in soil anomalies over a 1.5km x 3.5km N-NE trend with values ranging from trace to 1,141.6 ppb Au.
  • Detailed infill soil sampling focused on two areas along the Frenzy Trend in 2018. The first covered a 450m x 500m area near the southern end of the trend and returned both NE and NW trending gold in soil anomalies with values from trace to 623.4 ppb Au. The second was at the northern end of the trend covering a 400m x 450m area and returned a N-S trend gold in soil anomaly over the length of the grid with values from trace to 492.8 ppb Au.
  • Detailed soil sampling to be completed on at least 6 other target areas along the Frenzy Trend in 2019, with follow up GT Probe and other work as warranted.

Additional detailed soil sampling will also be conducted on multiple other target areas on the JP Ross property including Suspicion (4.5km SE of Vertigo), Stage Fright (9.5km NW of Vertigo; adjacent to Sabotage), Psycho (6km NE of Vertigo), and Xman (12km N-NE of Vertigo) with follow up GT Probe sampling, geophysical surveys, prospecting, and trenching as warranted.

About White Gold Corp.

The Company owns a portfolio of 22,040 quartz claims across 35 properties covering over 439,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t Au and 282,490 ounces Inferred at 1.70 g/t Au as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. with a M&I gold resource(1) of 3.4M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.

  • Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

Qualified Person

Jodie Gibson, P.Geo., Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:; expected benefits to the Company relating to exploration conducted and proposed to be conducted at the Company’s properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca 

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

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GoldMining receives Water Licence and Land Use Permit and Files Technical Report fir the Yellowknife Gold Project, Northwest Territories Canada

GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD; OTCQX: GLDLF – https://www.commodity-tv.net/c/search_adv/?v=298886) is pleased to announce that it has received a five-year Type B Water Licence ("WL") and Type A Land Use Permit ("LUP") from the Mackenzie Valley Land and Water Board ("MVLWB") for the Nicholas Lake-Ormsby Property at its 100% owned, 12,120 hectare, Yellowknife Gold Project (the "Yellowknife Project" or the "Project").  The Company also announces that, further to its press release dated March 4, 2019, it has filed a National Instrument 43-101 ("NI 43-101") technical report (the "Technical Report") documenting an updated mineral resource for the Yellowknife Project. 

The WL and LUP enable the Company to complete advanced exploration work including diamond drilling, underground development and operation of the existing camp, airstrip and winter road.  Additionally, two-year extensions were granted by the MVLWB for two existing LUP’s for the Goodwin Lake and Clan Lake Properties.

Garnet Dawson, CEO of GoldMining commented, "These new permits allow the Company to fast-track surface and underground exploration and development programs to further advance our Yellowknife Project.  The ability to mobilize equipment, fuel and other supplies from Yellowknife along the winter road will substantially lower the overall cost of future exploration, development and production compared to many other projects in northern Canada that are not accessible by road.  The Company has executed on a disciplined acquisition strategy of acquiring gold projects in the Americas.  Low-cost advancements such as these permitting milestones at the Yellowknife Project de-risk and unlock value for future development."

Yellowknife Project Technical Report

The Technical Report, dated effective March 1, 2019, is titled "Independent Technical Report for the Yellowknife Gold Project, Northwest Territories, Canada."  The Technical Report was authored by Ben Parsons, MAusIMM (CP), of SRK Consulting (U.S.) Inc., Dominic Chartier, PGeo, SRK Consulting (Canada) Inc. and Eric Olin (CP) of SRK Consulting (U.S.) Inc., who are qualified persons within the meaning of NI 43-101, are independent of the Company and have reviewed and approved the disclosure regarding the resource estimate for the Yellowknife Project disclosed herein.

The Yellowknife Project is located in the northern portion of the underexplored Yellowknife Greenstone Belt, host to historic gold mines including the Con and Giant Mines located adjacent to the city of Yellowknife and the Discovery Mine, located on GoldMining’s property.  The Project contains several gold deposits that were the subject of an updated mineral resource estimate as documented in the Technical Report.  The mineral resource estimate includes a measured and indicated resource of 14,108,000 tonnes grading 2.33 g/t gold (1,059,000 ounces) and an inferred resource of 9,302,000 tonnes grading 2.47 g/t gold (739,000 ounces) using a variable cut-off of 0.5 and 1.5 g/t gold for pit constrained and potential underground resources, respectively (Table 1). 

Table 1: Mineral Resource Statement1, Yellowknife Gold Project, Northwest Territories, SRK Consulting (U.S.), Inc., March 1, 20192.

Table 1 Notes:

1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
2. All quantities are rounded to the appropriate number of significant figures; consequently, sums may not add up due to rounding.
3. Pit constrained resources with reasonable prospects of eventual economic extraction stated above a 0.50 g/t Au cut-off.
4. Pit optimization is based on an assumed gold price of US$1,500/oz, metallurgical recovery of 90%, mining cost of US$2.00/t and processing and G&A cost of US$23.00/t.
5. Underground resources with reasonable prospects of eventual economic extraction stated as contained within gold grade shapes above a 1.50 g/t Au cut-off.
6. Mineral resource tonnage and grade with reasonable prospects of eventual economic extraction are reported as undiluted and reflect a bench height of 3.0 m.

Readers should refer to the Technical Report, a copy of which is available under the Company’s profile at www.SEDAR.com, for further information regarding the resource estimate contained herein and the Project.

Paulo Pereira, President of GoldMining Inc. has reviewed and approved the technical information contained in this news release.  Mr. Pereira holds a Bachelors degree in Geology from Universidade do Amazonas in Brazil, is a Qualified Person as defined in NI 43-101 and is a member of the Association of Professional Geoscientists of Ontario.

About GoldMining Inc.

GoldMining is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas.  Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru.  Additionally, GoldMining owns a 75% interest in the Rea Uranium Project, located in the Western Athabasca Basin of Alberta, Canada.

For additional information, please contact:

GoldMining Inc.
Amir Adnani, Chairman
Garnet Dawson, CEO
Telephone: (855) 630-1001
Email: info@goldmining.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Forward-looking Statements

This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and future events, including expectations and future plans respecting the Project and statements with respect to the details of the mineral resource estimate.  Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates.  Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in resource estimation and the exploration and development of mineral properties, the uncertainties involved in resource estimation and interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with GoldMiningꞌs expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Project.  These risks, as well as others, including those set forth in GoldMiningꞌs filings with Canadian securities regulators, could cause actual results and events to vary significantly.  Accordingly, readers should not place undue reliance on forward-looking statements and information.  There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate.  GoldMining does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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Delrey models large geopyhsical anomalies on its Blackie, Porcher, and Star properties

DELREY METALS CORP. (CSE:DLRY, FSE:1OZ, US:DLRYF) (“Delrey” or the “Company” – https://www.commodity-tv.net/c/search_adv/?v=298860) is pleased to announce that it has completed airborne geophysics across its Porcher, Blackie and Star properties located near Prince Rupert, British Columbia. The results are very encouraging and outline sizeable magnetic anomalies on all three properties. This is highlighted by two, 3km x 2km & 2.7km x 1.8km, magnetic highs located on its wholly-owned Porcher property (Fig. 1), a 11km long northwest-southeast trending magnetic high located on its wholly-owed Star property (Fig. 2), and a 1.5km x 800m magnetic high (up to 68,000nT raw) located on its wholly-owned Blackie property (Fig. 3). A historic 2.14% V205 bedrock sample from the Blackie is believed to be coincident with the newly mapped geophysical anomaly (McDougall, 1984).1

The three surveys were completed by Ridgeline Exploration Services Inc. out of Kelowna, B.C., and were flown in a systematic low-level grid pattern at 150-m line spacing. The average terrain clearance was 75m across all surveys and a total of 1,105.55 line-km (Porcher: 472.48 line-km; Star: 457.48 line-km; Blackie: 175.59 line-km) were flown.

Based on results from the surveys the Company is pleased to announce that it has increased to size of the Porcher property from 3,122.16 to 3,525.46-hectares, and the Star property from 3,646.8 to 4,618.3-hectares to fully encompass the newly discovered magnetic anomalies. The results from the surveys will be used in helping Delrey’s technical team plan a Phase II work program which will include prospecting, mapping and rock sampling over the geophysical anomalies.

The crews are currently mobilizing to the Peneece property and it is estimated that the survey will be completed within the week with results released shortly thereafter.

“The Delrey team is quite excited by the results of the Phase I work program on the Blackie, Porcher and Star properties. High-resolution magnetics are an effective tool used for vectoring towards Fe-Ti-V bearing magnetite deposits. The large anomalies identified by the 2019 surveys combined with historic surface sampling confirming vanadium and titanium mineralization gives us confidence in the potential of these three properties. We are looking forward to returning to the properties in the coming weeks to follow up with a Phase II work program over the magnetic anomalies. This timeline will allow Delrey to conduct a Phase III work program on the properties during the summer months which may include diamond drilling over the highest priority targets developed from the Phase I and II field programs”, commented Morgan Good, Delrey’s President and Chief Executive Officer.

About Delrey

Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy metals space. The Company has an option to earn a 100% interest in the Sunset property located in the Vancouver Mining Division near Pemberton, British Columbia. The Company also owns 100% of the Star, Porcher, Peneece and Blackie Fe-Ti-V properties located along tide-water in western British Columbia. Delrey will continue to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY”.

Qualified person

Scott Dorion,, P.Geo., is the designated Qualified Person of the Company as defined by NI 43-101 and has reviewed and approved the technical information contained in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF DELREY METALS CORP.

“Morgan Good”

Morgan Good, President and Chief Executive Officer

1This historical results are believed to be based on reasonable assumptions, and neither the company nor its qualified person has any reason to contest the relevance and reliability of the historical samples. However, a qualified person has not done sufficient work to replicate historic rock grab samples using current lab methods. Although the historical rock grab samples are believed to be based on reasonable sampling and assay methodologies, they were calculated prior to the implementation of National Instrument 43-101. The historical results have not been verified.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, but are not limited to, general business and economic uncertainties. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company’s financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company’s Management’s Discussion and Analysis reports filed under the Company’s profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Juanicipio Development Receives Joint Approval

Fresnillo plc and MAG Silver Corp. confirm that their silver / gold Juanicipio project, held through Minera Juanicipio, has received approval from their respective Boards as well as from the Minera Juanicipio shareholders.

Juanicipio Project Highlights

  • Fresnillo plc will be the operator of Juanicipio and holds a 56% majority stake in the Joint Venture, with partner MAG Silver Corp. owning the remaining 44%.
  • Construction to begin immediately with completion expected late 2020, subject to finalizing detailed engineering and securing remaining permits.
  • Total average annual anticipated production of 11.7 moz silver, 43.5 koz gold, with an initial life of mine of 12 years.
  • Considerable further exploration opportunities in license area with potential to scale-up operations in future.
  • Estimated pre-operative capex of US$395m as of 1st January 2018, which does not reflect expenditures incurred since that date.
  • Juanicipio development expected to create approximately 2,750 jobs during construction and 1,720 jobs once at full production.

The Juanicipio site is located within the Fresnillo mining district. Exploration and development at this site has been on-going for several years, de-risking the asset and ensuring full evaluation of its potential. Discussions with contractors are advanced and orders for long lead-time equipment delivery have been placed. All principal permits and licensing have been obtained. Construction is expected to commence immediately with completion expected late 2020 subject to finalizing detailed engineering and securing remaining permits, in line with the project timetable.

At full capacity, Juanicipio is expected to produce on average 11.7 moz of silver and 43.5 koz of gold per year, with robust economics underpinning the project.

Octavio Alvídrez, Chief Executive Officer of Fresnillo plc, said:

“The decision to approve Juanicipio reflects the extensive work the JV partners have done to de-risk the project to meet stringent development criteria. This decision to invest demonstrates our confidence in the long-term outlook for mining in Mexico. The new mine will create significant employment and highlights our commitment to sustainable growth for the benefit of all stakeholders.”

George Paspalas, Chief Executive Officer of MAG Silver, said:

“The joint approval of the project is a landmark milestone for the Juanicipio Joint Venture. We are fortunate to have Fresnillo plc, with over 130 years of experience in the area, managing the construction and operations of Juanicipio. Their insightful experience has resulted in a very efficient upsizing development opportunity for the Joint Venture, which is greatly appreciated by the Board and Management of MAG Silver. We look forward to working together with our partner to realize further value from the joint venture.”

The information contained within this announcement is deemed by Fresnillo plc to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person making the notification is Carlos Ortiz Mena, Head of Legal, Fresnillo plc. The time of the notification is 7:00 am UK time.

About Fresnillo plc

Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.

Fresnillo plc has seven operating mines, all of them in Mexico – Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine), Herradura, Soledad-Dipolos1, Noche Buena and San Julián (Phase I and II), two development projects – the Pyrites Plant at Fresnillo and Juanicipio, and three advanced exploration projects – Orisyvo, Las Casas Rosario & Cluster Cebollitas and Centauro Deep, as well as a number of other long term exploration prospects.

Fresnillo plc has mining concessions and exploration projects in Mexico, Peru and Chile.

Fresnillo plc has a strong and long tradition of exploring, mining, a proven track record of mine development, reserve replacement, and production costs in the lowest quartile of the cost curve for silver.

Fresnillo plc’s goal is to maintain the Group’s position as the world’s largest primary silver company and Mexico’s largest gold producer.

1 Operations at Soledad-Dipolos are currently suspended.

About MAG Silver Corp.

MAG Silver Corp. is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in a Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world’s premier silver mining camp and we are currently developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation with the operational expertise of our JV partner, Fresnillo plc. As well, we have an aggressive exploration program in place targeting multiple highly prospective targets across the property. In addition, we continue to work on regaining surface access to our 100% owned Cinco de Mayo property in Mexico while we seek other high grade, district scale opportunities.

Qualified Person: 

The scientific and technical information contained in this press release for the Juanicipio Project has been approved by Gary Methven, P. Eng. an employee of AMC Mining Consultants (Canada) Ltd. who is independent of both Fresnillo plc and MAG Silver Corp.  By virtue of his education and relevant experience Mr. Methven is a "Qualified Person" for the purpose of National Instrument 43-101.  Mr. Methven, has read and approved the content of this press release.

Fresnillo plc Forward Looking Statements

Information contained in this announcement may include ‚forward-looking statements‘. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Fresnillo Group’s intentions, beliefs or current expectations concerning, amongst other things, the Fresnillo Group’s results of operations, financial position, liquidity, prospects, growth, strategies and the silver and gold industries are forward-looking statements. Such forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Fresnillo Group’s operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by, the forward-looking statements contained in this document. In addition, even if the results of operations, financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group operates are consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, industry trends, competition, commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso exchanges rates), the Fresnillo Group’s ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business strategy and political and economic uncertainty.

LEI: 549300JXWH1UV5J0XV81

MAG Silver Corp. Forward Looking Statements

Neither the Toronto Stock Exchange nor the NYSE American have reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, the date of construction commencement and completion, the estimated capital costs and the expected job creation, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

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Caledonia Mining Corporation Plc

Caledonia Mining Corporation Plc (“Caledonia” or the “Company” – https://www.commodity-tv.net/c/search_adv/?v=298787) today announces that its board of directors has declared a dividend of six and seven eighths United States cents (US$0.06875) on each of the Company’s common shares.

The relevant dates relating to the dividend are as follows:

  • Ex-dividend date: April 11, 2019
  • Record date: April 12, 2019
  • Dividend cheque mailing date: April 26, 2019

Shareholders and depositary interest holders in Canada and the UK will be paid in Canadian Dollars and Sterling respectively.  The Canadian Dollar and Sterling dividend payments will be calculated using the relevant Bank of Canada exchange rates on the record date. 

Caledonia’s Dividend Policy

Caledonia’s strategy to maximise shareholder value includes a quarterly dividend policy which the board of directors adopted in 2014. It is expected that the current dividend of twenty-seven and a half United States cents per annum, paid in equal quarterly instalments, will be maintained. 

About Caledonia Mining

Caledonia’s primary asset is a 49% interest in an operating gold mine in Zimbabwe (“Blanket Mine”).  In November 2018, Caledonia announced that it had signed a legally binding sale agreement to increase its holding in Blanket Mine to 64%, subject to receipt of, amongst other things, regulatory approvals. Caledonia’s shares are listed on the NYSE American (symbol: CMCL) and on the Toronto Stock Exchange (symbol: CAL) and depositary interests representing the shares are traded on London’s AIM (symbol: CMCL). 

As at December 31, 2018, Caledonia had cash of approximately US$11.2m.  Blanket Mine plans to increase production from 54,511 ounces of gold in 2018 to approximately 75,000 ounces in 2021 and approximately 80,000 ounces in 2022; Blanket Mine’s target production for 2019 is between 53,000 and 56,000 ounces. Caledonia expects to publish its results for the quarter to March 31, 2019 on or around May 14, 2019.

For further information please contact:

Caledonia Mining Corporation Plc
Mark Learmonth Tel: +44 1534 679 802
Maurice Mason Tel: +44 759 078 1139

WH Ireland
Adrian Hadden/Jessica Cave/James Sinclair-Ford Tel: +44 20 7220 1751

Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray Tel: +44 207 138 3204

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia’s current expectations, intentions, plans, and beliefs.  Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “target”, “intend”, “estimate”, “could”, “should”, “may” and “will” or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, our plans and timing regarding further exploration and drilling and development.  This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information.  Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices and delays in the development of projects.

Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.  Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company’s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs and risks relating to the uncertainty of timing of events including targeted production rate increase.  Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information.  By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur.  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.

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Maple Gold commences drilling with two drill rigs now on site

Montreal (Quebec): Maple Gold Mines Ltd. (“Maple Gold” or the “Company”) (TSX-V: MGM, OTCQB: MGMLF; Frankfurt: M3G – https://www.commodity-tv.net/c/search_adv/?v=298248 ) has officially commenced drilling with Orbit Garant’s first drill rig, currently at a depth of 125m downhole (see Fig 2 to view drill-core) at the first drill site in the Nika Zone. This first drill-hole, DO-19-255, is targeting the near-surface extension of last’ year’s best intercept in the Nika Zone (hole DO-18-218), which returned 50 metres averaging 1.77 g/t Au (see press release dated May 14, 2018). The second drill-hole will test the depth continuity of the same intercept, with additional holes planned in this area to test other nearby higher grade targets.

Maple Gold’s President and CEO, Matthew Hornor, commented: “The Nika Zone and surrounding NW Gap Area represents an important opportunity for the Company. The drill density in this area is relatively limited and last year’s new discovery demonstrated the ability to define brand new zones within the greater resource area. Further drilling success in this area could lead to the definition of more near-surface mineralisation and help us link the Douay West, Porphyry and NW Zones.”

An additional drill-hole approximately 250m to the west of DO-18-218 is planned to test the volume potential of a high-grade (21.1 g/t Au) intercept obtained from the final 1.5 metres of a historical drill-hole (DO-12-05), drilled back in 2012.

Forage Pikogan’s first drill has also arrived and is set up at its first site in the Porphyry Zone, with drilling expected to begin tonight.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the Company’s website.

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~392 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

Forward Looking Statements:

This news release contains “forward-looking information" and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective  mineral potential of the Porphyry Zone, the potential for significant mineralisation from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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Metal core drilling redefined

Two redesigned metal core drilling machines from Alfra GmbH allow core drilling even on thin-walled material from a thickness of 3 millimetres. Both machines, ALFRA Rotabest RB 35 SP and RB 50 SP, stand out with a unique overall concept. The SP line has extremely adhesive permanent magnets at the same time as an amazingly light weight. As such, the leading manufacturer of tools and machines for the metalworking industry and trade is expanding the world of metal cutting.

The metal core drilling machines RB 35 SP and RB 50 SP from Hockenheim-based tool manufacturer Alfra are fitted with a powerful neodymium permanent magnet with pre-stressing, whereby considerable magnetic forces can be achieved even with small mass application. With an innovative and patented concept for magnet alignment, the machines can be used even on thin-walled materials from a thickness of 3 millimetres. Conventional metal core drilling machines fitted with an electromagnet can be used only from a material thickness of approx. 6 to 8 millimetres.

SP line opens up new application scenarios

“As our new metal core drilling machines can already be operated safely and comfortably on thin-walled materials, we are opening up completely new application areas to our customers,” Alfra director Markus Döring explains. According to information from the expert, both models can be used to work even on thin lining sheets, such as are usual in façade, container and ship construction as well as many other application areas.

Records in industrial safety and ergonomics

Models RB 35 SP and RB 50 SP cover a drilling range up to 35 mm or 50 mm – with a cut depth of 50 mm, which can be achieved with both devices. An adjustable lifting range is also included on board in both drilling units. The tool for adjusting and fixing is located in the new grip plate in a clever and user-friendly way.

The two drilling systems also achieve records in industrial safety and ergonomics. The ergonomic activation of the magnets with a handy strap positioned on the side, close to the body of the magnet, has also been completely redesigned. The new design also sets new standards for weight; 9.9 kilograms (RB 35 SP) and 11.5 kilograms (RB 50 SP) are below the values at which machines with similar performance weigh in. This is made possible by the permanent magnets used.

“Metal workers often need a third hand if they have to use the metal core drilling machine in a fixed position overhead or vertically. Our magnet is slightly pre-stressed and holds the deadweight of the device by means of the magnetic field reduced to a sensible level. Completely relaxed, the user can move the machine into the drilling position and get started. This is another invaluable advantage,” Markus Döring knows, “as it is simply impossible with conventional systems.” With the new operating concept of the permanent magnet, the metal core drilling machines can also be positioned between the flanges of a steel beam with no problem.

Permanent magnet technology pays

Unlike conventional systems, the permanent magnets moreover stand out for their lasting stability and long durability. In Markus Dörings experience with everyday use, this pays: “In practice, the drilling systems often remain on the material with the magnet activated whilst the user pauses or is distracted by secondary activities. As a result of the constant power consumption, a conventional electromagnet heats up over the course of the time when it is switched on, which substantially reduces not only its performance but also its service life.” This is not so with the new neodymium magnets of RB 35 SP and RB 50 SP. By virtue of their innovative concept, they require little maintenance and stand out for their long durability.

Convincing overall concept

With the activation of the magnet using the ergonomic hand lever, the electrical circuit for the magnet is no longer required. Only a large and clearly visible membrane keyboard perfectly protected from external influences remains for activation of the motor. The 5-metre-long connecting cable demonstrates that Alfra really has thought of all the details. An LED light, which is optimally positioned on the housing in the field of vision, indicates readiness for operation by means of a green light. In addition, an integrated sensor measures the magnetic field and displays it by the status of the LED: if the material is too thin then the LED lights up in red; if there is sufficient material then the LED indicates this with a green light. The machine cannot be started in red status.                                                                                                                                                           

…And that is still not enough

The product developers at Alfra have thought even of small details and fitted both metal core drilling machines with a temperature sensor for the motor and with a wear sensor for the carbon brushes of the drive. This eliminates overheating of the machines and the wear level monitoring shows at an early stage when the machine requires maintenance, which generally means that expensive repairs can be avoided. Moreover, the metal core drilling machines have integrated internal cooling.

The magnetic holding surface of the permanent magnet is also permanently durable due to its TiN coating and the surfaces are optimally protected, which makes adherent metal shavings easy to remove. The ALFRA Rotabest RB 35 SP and RB 50 SP are supplied in highly robust, oil repellent, double-skinned plastic cases.

Safety First

In operation and on the construction site, safety and accident prevention must be considered at all times. Alfra sets new standards here with the new metal core drilling machines. Even in the case of a power cut, the devices remain stuck to the workpiece. A look at the repair departments of many manufacturers reveals that “crashes” occur regularly there – even if the user is obliged additionally to secure machines in a fixed position with a belt.

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M2 Cobalt launches up to 6,000 metres of Additional drilling as Company and Jervois begin combining resources

M2 Cobalt Corp. (the “Company”) (TSXV: MC.V) (OTCQB: MCCBF) (Frankfurt: AOK – https://www.commodity-tv.net/c/search_adv/?v=298831) is pleased to announce the launch of its 2019 work program, including up to 6,000 metres of drilling. This program is a continuation and expansion of the Company’s initial drill program launched last Fall and includes both diamond and reverse circulation (“RC”) drilling. The Company also plans to launch additional ground geophysics (magnetics and Induced Polarization (“IP”)) and rock grab and soil sampling within existing and recently acquired exploration licenses (see press release dated October 17, 2018).

Merger with Jervois

The Company also announces that the merger process with Jervois Mining Limited (“Jervois”), announced on January 22, 2019 (the “Merger”), is progressing well with the Company having now received voting and support agreements to support the Merger from shareholders representing approx. 50.3% of the issued share capital of the Company. It is currently anticipated that the formal shareholder vote to approve the Merger will be held in early-mid May 2019.

Working Capital Facility

As part of the Merger process, the Company has now satisfied all outstanding conditions for the draw-down of the US$3 million working capital facility from Jervois (“the Working Capital Facility”), announced on January 22, 2019. The Company will utilize funds from this facility to fund the continuation and expansion of its initial drill program and the next phase of exploration.

Initial Drilling

As announced in October 2018, the initial drill program was launched to test key targets at depth in each of the 3 styles of mineralization discovered during the Company’s phase 1 work programs and to position the Company for larger resource focused drill programs.

As announced on January 10, 2018, the Company completed 2,027 metres of diamond drilling before the Christmas break in mid-December 2018. Most of this drilling (1056 metres; 7 drill holes) occurred at high priority targets at its Kilembe-area properties.  In addition, the Company drilled 4 holes (839 metres) at its Bombo NW and Bombo targets (Bujagali). In relation to its Waragi Target, also at Bujagali, due to difficulties encountered with the drill rig and timing of the Christmas break, it was only possible to collar 4 very shallow exploration holes at one location, totaling 131m.

The assay results from the drilling completed before Christmas have now been received. The results have provided important technical data and included a number of positive indicators, including sulphide mineralization at the targets tested in the Kilembe area as well as at the Bombo targets. The results also confirmed the presence of ultramafic bodies at Bombo. However, as yet no material intersections have been encountered.

Additional drilling / next phase of exploration

With the funds available under the Working Capital Facility, the Company will now complete and expand its initial drill program in and around its Waragi and Nile targets with up to 3,000 metres of drilling (diamond and RC) planned to systematically test the large regional cobalt /copper geochemical anomaly discovered across its Buajagli licenses during 2018.  It will also launch ground geophysics and geochemistry across the adjoining exploration license it acquired at Bujagali in October 2018.

Further, based on assay results and the large size of the geochemical and geophysical anomalies at Bombo, the Company will launch additional Induced Polarization geophysics (“IP”) to help focus drill collars for up to a further 3,000 metres of drilling. This program will systematically test the series of ultramafic bodies across the property for base metal mineralization.

In relation to its Kilembe-area properties, the initial drill program validated the Company’s use of VTEM in this geological setting. In addition, the presence of sphalerite, galena (zinc and lead sulphides) and chalcopyrite in the core taken from the 7 drill holes also confirms the potential to discover additional VMS deposits along strike of the historic Kilembe mine.  The Company will shortly launch ground sampling and geochemistry on the 3 Kilembe-area licenses acquired in October 2018 and its current intention is to implement a broader phase of exploration across all of its Kilembe-area Licenses later in 2019.

Simon Clarke, CEO stated, “We are pleased to be able to complete and expand our initial drill program and to launch our next phase of exploration. We have a very large asset base with numerous large-scale targets and significant potential for new discoveries. The ability to leverage what we have learned to date into this expanded phase of drilling strengthens our position significantly. We are also extremely pleased to be able to add the technical and financial resources of Jervois as we move through the merger process and combine operations.”

Quality Assurance

All rock and soil samples were sent to ALS Chemex South Africa (Pty) Ltd., an independent and fully accredited laboratory in South Africa for analysis for gold multi-element Induction Coupled Plasma Spectroscopy.  M2 Cobalt also has a regimented Quality Assurance, Quality Control program where at least 10% duplicates and blanks are inserted into each sample shipment.

About M2Cobalt

M2 Cobalt Corp. is focused on discovering and developing world-class cobalt assets (and related minerals) to help address the growing deficit in the supply of cobalt. The Company has a large, highly prospective land package in the Republic of Uganda, East Africa bordering historic production and on the same mineral trends as some of the major mines in the neighbouring DRC where over 60% of world cobalt supply originates. Uganda is a stable country with a growing economy looking to re-energize its historic mining industry. The Company has a highly experienced management team and board of directors, which has been involved in funding and advancing resource projects globally. Further information on the Company and its projects can be found at www.m2cobalt.com

The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., the Technical Advisor of the Company and a Qualified Person as defined by National Instrument 43-101.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to exploration work to be undertaken in Uganda, the reliability of third party information, and certain other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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U.S. Gold Corp. Completes Additional District-wide Geochemical Surveys on the Keystone Project, Cortez Gold Trend, Nevada

Comprehensive surface geochemical surveys, combined with previous and additional geophysics, and scout drilling, identifies several new target opportunities and provides additional definition on previously identified target opportunities.

U.S. Gold Corp. (NASDAQ: USAU – https://www.commodity-tv.net/c/search_adv/?v=298829 ), a gold exploration and development company, today is pleased to announce the completion and compilation of additional district-wide geochemical surveys on the Keystone project.  Commensurate detailed geological mapping has also been completed with potentially significant new Carlin-type deposit target characteristic implications. The geochemical data, combined with earlier gravity and other geophysical survey assessments, and scout drilling programs to date, have provided the necessary information to identify, and zero in on, site-specific discovery opportunities in 2019.  Several of these target opportunities were logistically inaccessible to drilling in 2018 because of the late 2018 EA/POO (Plan of Operations) permitting approval and declining weather-related access for drilling.

Highlights of these geochemical surveys include:

U.S. Gold Corp. has significantly added to the blanket geochemical sample surveys covering the 20-square-mile Keystone district project area.  The sample database now comprises 7372 soil samples, 3,414 rock samples, 666 fine-sediment stream samples, and 661 altered stream cobble samples.

The primary designed purpose of the multifaceted 2018 geochemical surveys was to follow-up on existing anomalies and provide more definition to prior geochemical surveys in order to identify and define site-specific gold targets to be drill tested in 2019.

The highly anomalous geochemical levels and widespread distribution of metals being sought, in particular gold, along with associated pathfinder metals, clearly demonstrate the presence of a very large, robust gold-bearing, district-wide, multi-metallic hydrothermal system at Keystone. 

All age/gold system timing data indicate that the Keystone hydrothermal system is early Tertiary in origin and similar to those that host the major Carlin-type gold deposits in Nevada.  Specifically, age dating of illite alteration of andesite dikes and sills associated with collapse breccias at Keystone (Gabriel Aliaga, 2018 University of NV Master’s Thesis), has provided dates of 35.71 +/- 0.12Ma and 35.54 +/- 0.06Ma which are very comparable in age to mineralization related age dates of 35.70 +/- 0.14Ma to 35.31 +/-0.37Ma from the Cortez Hills gold deposit to the northwest of Keystone (ref. Arbonies, DG, Creel, KD, and Jackson, ML, 2010, Geol. Soc. of NV Symp. Vol., p.457).

Up to this point, most Keystone project drilling was considered to be “scout drilling” conducted to obtain: 1) critical information related to host rock characteristics, 2) locations of specific host horizons within the approximately 3000-foot-thick prospective host rock package, and 3) Carlin gold deposit-type characteristics and also to provide broad important gold system information.  Scout drilling results have indicated the size extent of the gold system and overall metal distribution is much larger than originally conceived.

Late 2016 through most of 2018 drilling was limited to access permitted through five individual 5-acre NOIs (Notices of Intent). This areal disturbance limitation disallowed access to many of the targets that evolved through ongoing target synthetizations obtained from merging of all the various data sets.  Despite this limitation of prior drill access, considerable advancements in exploration understandings have resulted from the initial, rather wide-spaced scout hole drilling programs conducted to date.

The current geochemical data can be accessed and viewed through the following link: http://usgoldcorp.gold/keystone-geochem-march-2019.pdf    

Sixteen individual district-wide maps are provided; these maps individually exhibit the eight elements of Gold, Silver, Arsenic, Antimony, Mercury, Copper, Molybdenum and Zinc.  The fine-sediment stream and soil sample data are combined on one map, and the altered cobble and rock samples on the other for each element. Prior to all the new soil and fine-sediment stream sampling, detailed orientation surveys were conducted for the purpose of determining an optimal representative-size fraction in order to mitigate the influence of evident wind-blown material dilution.    

Bureau Veritas Minerals (BV Labs) in Reno, Nevada) was utilized for the analyses of all new data. Historic soil and rock data were carefully vetted, and mostly accepted and incorporated into the maps. 

Dave Mathewson, Vice President of Exploration for U.S. Gold Corp., states, "The geochemical data we have accumulated at Keystone demonstrate that we are potentially dealing with a very large, and complex, Carlin deposit-type system.  The overall geological and geochemical levels and lateral surface metal expressions, including gold are very comparable to most other large Carlin deposit-type gold systems known in Nevada.  At this time, we are at an important and pivotal stage in the Keystone exploration program.  We are now better able to locate and qualify site-specific, drill-hole target opportunities within the heretofore rather broad target areas that we have previously identified.  With the district-wide EA/POO in place as of late 2018, we can now effectively drill anywhere in the Keystone district.”

“To date we have encountered Carlin deposit-type alteration and geochemical expressions, with local economic levels of gold in many of the holes we have drilled, but we continue to seek the all-important high-grade gold zones and thicknesses that comprise potential economic deposits within this broad Carlin- type gold system. The central and high-grade portions of Carlin-type gold deposits tend to be rather laterally small, steeply dipping, and tightly confined, proximal to feeder structures.  We realized early that we were working on a large, robust Carlin-type gold system, but we did not have all the property area that we now have, and in addition, there were very large voids in much of the historic data that we began with.  All the drilling to date, however, has provided encouraging results. The excellent host characteristics of upper-plate Cambrian Comus Formation, the Devonian Horse Canyon and Wenban carbonate, and the lower Devonian and Silurian Roberts Mountains limestone Formations at Keystone, are now well-established.  Large bodies of dissolution-related collapse breccias with associated and hydrothermal styles of alteration, including silicification, argillization, and sulfidation; multiple types and styles of system-related dikes and sills; and local, very strong pathfinder elements, including the presence of locally abundant arsenopyrite, realgar, and orpiment, and many pathfinder metals have been encountered in the scout drilling.  Our 2019 exploration drilling program will commence with concerted, iterative site-specific drilling as soon as access conditions allow.” 

Edward Karr, President and CEO of U.S. Gold Corp., stated, "We are very encouraged with the Keystone exploration results to date. Exploration is an ongoing process, and our entire technical team has been involved in a highly systematic approach. This is the first time in the history of the Keystone district that one company has controlled such a large land position and applied a methodical, data-driven exploration process.  We plan to keep the market informed on our 2019 exploration plans as specific drill targets emerge.”

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded U.S.-focused gold exploration and development company. U.S. Gold Corp. has a portfolio of development and exploration properties. Copper King is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates. Keystone is an exploration property on the Cortez Trend in Nevada. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.

Forward-looking and cautionary statements

Forward-looking statements in this press release and all other statements that are not historical facts are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising from the accuracy of the compilation of the district-wide geochemical surveys on the Keystone project, expectations for a Carlin-type gold deposit, plans for further exploration, whether or not U.S. Gold Corp. will be able to raise capital to complete planned exploration programs; prevailing market conditions; and the impact of general economic industry or political conditions in the United States or globally. A list and description of these and other risk factors can be found in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. We make no representation or warranty that the information contained herein is complete and accurate, and we have no duty to correct or update any information contained herein.

INVESTOR CONTACT:
U.S. Gold Corp. Investor Relations:
+1-800-557-4550
ir@usgoldcorp.gold
www.usgoldcorp.gold

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

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Aurania’s events during PDAC 2019

Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298827 ) is pleased to announce that it will be attending the PDAC 2019 International Convention being held March 3rd – March 6th at the Metro Toronto Convention Centre (MTCC) in Toronto, Canada.  A list of events in which the Company will be participating in, is listed below. The Company is also pleased to provide an update on its initial scout drilling program in southeastern Ecuador.

Booth Location

Aurania will be exhibiting at booth 2905 in the Investors Exchange from Sunday, March 3th – Wednesday, March 6th at the MTCC.  The Investors Exchange is located in the South Building, Level 800.  Members of the Management team will be available at the booth to discuss the Company’s Lost Cities – Cutucu Project in Ecuador.  New this year: a virtual reality experience in the field!

Ecuador Day Presentation

Aurania’s CEO and Chairman, Dr. Keith Barron will be speaking at Ecuador Day on Sunday, March 3rd during Session 2- Project Updates between 4:50-6:00pm in Room 205D at the MTCC.  Ecuador Day will run from 2:00-6:00pm and will include an update on Ecuadorian Government Mining Regulation & Permitting from Mr. Fernando Benalcázar, Vice-Minister of Mining.  This event is open to all registered attendees of PDAC and should provide an excellent update on various government initiatives. 

A session titled “Update on Ecuador Mining Policies” will be held on Sunday March 3rd from 8:00am-12:30pm in Room 205D at the MTCC.  This event is being organized by Government of the Republic of Ecuador and Solaris Copper Inc.  The Government of Ecuador’s update on mining policies session will provide a comprehensive political, legal, social, economic and practical perspective of the opportunities, experiences and challenges for the mining industry in Ecuador.  For more information visit the PDAC website.

Shareholder Meet and Greet with Management

The Company is hosting a meet-and-greet on Sunday, March 3rd from 5:30 – 8:30pm in Salon 1, 19th Floor, at The Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario. 

Corporate Presentation Forum for Investors

Aurania’s President, Dr. Richard Spencer will be speaking during the Gold Exploration 1 Session on Monday, March 4, 2019 from 2:30-2:45pm in Room 802, MTCC.  Dr. Spencer will provide an overview and update on the Company’s Lost Cities – Cutucu Project in Ecuador.  The Corporate Presentation Forum for Investors is open to all registered attendees of PDAC.

The PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for people, companies and organizations in, or connected with, mineral exploration. For information on registration for PDAC, visit http://www.pdac.ca/convention/registration/registration-information 

Update on Drilling

The Company’s drilling authorization at Crunchy Hill has been issued, the drill is on site at the first drill platform and is expected to commence operations within the next couple of days.  The Company has put together a short video to describe how field mapping and analytical results have been combined to define the first drill target at Crunchy Hill: http://www.aurania.com/investors/media/target-series/from-field-mapping-to-drill-concept/

About Aurania

Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
richard.spencer@aurania.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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