White Gold Corp. Extends Discovery Hole to 22.5 g/t Gold and 154.0 g/t Silver over 30.5m, New Trench Results of 66.39 g/t Gold and 302 g/t Silver over 5m, including 109.9 g/t Gold and 486.4 g/t Silver over 3m Confirm Zone Continuity on Vertigo, JP Ross

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company) is pleased to announce additional Reverse Circulation (“RC”) drill results and trenching results from the Vertigo target on the JP Ross property, Yukon, Canada. These results included a significant extension of the discovery Reverse-Air-Blast (“RAB”) drill hole which extended the mineralization at depth and encountered a deeper zone of high-grade gold. The trenching performed further defined the mineralization at Vertigo and will allow the previously identified gold zones to be extrapolated to additional drill targets.

Maps to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/

Highlights Include:

  • JPRVERRC18-013 returned 18.59 g/t Au and 188.8 g/t Ag over 6.10m from 24.38m depth, including 59.5 g/t Au and 439 g/t Ag over 1.52m from 27.43m depth. The hole also encountered an additional zone of mineralization at 44.2m depth, returning 6.82 g/t Au over 4.57m, including 18.5 g/t Au over 1.52m from 44.2m depth. Drilled as a continuation of previously announced RAB hole JPRVERRAB18-0014, the overall intercept is 22.47 g/t Au over 30.46m from surface with individual samples ranging from 2.00 to 60.4 g/t Au and trace to 388 g/t Ag.
  • 3 trenches completed, each encountering significant mineralization, including trench JPRVERTR18-002 which returned results of 66.39 g/t Au and 302 g/t Ag over 5m, including 109.93 g/t Au and 486.4 g/t Ag over 3m.
  • Trenching has identified a continuous body of high-grade mineralization that has been traced over 55m strike length which extends to a minimum of 30m depth based on drill testing conducted. This structure is one of at least 12 mineralized structures identified on the Vertigo target to date within a 1,500m x 650m target area.
  • Additional drilling, prospecting and soil sampling has also been conducted along the 14km structural trend that hosts the Vertigo discovery with the goal of identifying similar high-grade gold mineralization. Results for this exploration work will be released in due course.

“Spectacularly high-grade gold values are consistently being obtained from the Vertigo Trend and these trench results confirm our model of strong structural control. We have successfully defined the trend and dip of the gold-bearing zones only a few months after initial discovery. These results provide further understanding of the Vertigo and show that the mineralization is more extensive than previously understood.” stated Rob Carpenter, Director of the Company. “The trenching has given us key insights into the direction and orientation of the high-grade mineralization which we have leveraged to complete prospecting work outside of the main target area and we look forward to presenting these results in due course. Our 2019 program will aim to extend the geometry of these shallow gold zones with our ultimate goal being to illustrate the continuity of grade and trend. The scale and footprint of the Vertigo zones and alteration haloes suggest the system may represent the most robust gold system discovered to date in the White Gold District.”

Extension of Discovery Drill Hole

Discovery hole JPRVERRAB18-014 intersected 23.44 g/t Au and 144.75 g/t Ag over 24.38m from surface, ending in mineralization and was extended with an RC drill to 79.25m. JPRVERRC18-013 (Az: 180, Dip: -60, Depth: 24.38 – 71.63) was drilled as the continuation of previously announced RAB hole JPRVERRAB18-014. The hole returned 6.10m of 18.59 g/t Au and 188.80 g/t Ag from 24.38m depth; including 59.5 g/t Au and 439.00 Ag over 1.52m from 27.43m depth. Combined with JPRVERRAB-014 the overall intercept is 22.47 g/t Au and 154.00 g/t Ag over 30.46m from surface with individual 1.52m samples ranging from 2.00 – 60.4 g/t Au.

Additionally, there is a second zone of mineralization within JPRVERRC18-013, returning 6.82 g/t Au and 6.80 g/t Ag over 4.57m from 44.20m depth; including 18.5 g/t Au and 12.90 g/t Ag over 1.52m from 44.20m depth. A summary table of holes RAB14/RC13 is presented below:

Interpretation of the results is ongoing and there is not currently enough information to estimate true thickness of the mineralized zones.

Trenching Results

A program consisting of 3 trenches covering 63m was conducted on the Vertigo to follow up on near surface, high-grade gold mineralization intersected in previously reported RAB (JPRVERRAB18-014) and RC (JPRVERRC18-006) drill holes. All the trenches were excavated to bedrock using a low impact, heliportable, excavator. Bedrock depths ranged from approximately 1 – 1.5m depth, and continuous 1m channel samples were collected from bedrock at the bottom of the trenches. Individual assays for trench samples ranged from trace to 157.7 g/t Au and from trace to 718 g/t Ag. Highlights are summarized below:

Mineralization within the trenches consists of a series of lode style quartz veins, up to 1m thick, with disseminated to massive arsenopyrite-galena-pyrite and, locally, visible gold. These occur within a broader zone of brecciation and strong sericite alteration over 5-7m thickness and form a continuous body of high-grade mineralization that has been traced over 55m strike length and to minimum of 30m depth in RAB/RC drilling conducted in the area. Additional, subparallel zones of fracture -controlled mineralization, quartz veining, and/or brecciation extend up to 30m beyond the “high-grade core.” Overall, the mineralization is interpreted to occur along a NW striking, steeply south dipping structural zone that is open along both strike and dip. This structure is one of at least 12 mineralized structures identified on the Vertigo to date within a 1,500m x 650m WNW trending area and additional trenching and follow up diamond drilling will be conducted across all known target structures in 2019. 

JPRVERTR18-001:

JPRVERTR18-001 is located 5m west of JPRVERRAB18-014 and its continuation RC18-013, and is oriented to the south. The trench was 12m in length and returned 16.94 g/t Au and 67.9 g/t Ag over 7m from 1m down the trench; including 23.29 g/t Au and 113.7 g/t Ag from 2m down the trench.

JPRVERTR18-002:

JPRVERTR18-002 is located 6m east of Trench 1 and oriented to the south. The trench was 22m in length and returned 66.39 g/t Au and 302 g/t Ag over 5m from 4m down the trench; including a 3m core of 109.93 g/t Au and 486.4 g/t Ag from 5m down the trench. An additional zone of mineralization was also intersected 11m south of the upper intercept and returned 50.5 g/t Au and 80.6 g/t Ag over 1m from 20m down the trench.

JPRVERTR18-003:

JPRVERTR18-003 is located approximately 40m to the southeast of JPRVERTR18-003 and oriented to the south. The trench was 29m in length and returned 20.79 g/t Au and 107.1 g/t Ag over 8m from 15m down the trench; including 32.28 g/t Au and 157 g/t Ag over 5m from 18m down the trench. An additional zone of mineralization was also intersected 9m south of the upper intercept returning 7.05 g/t Au and 48.9 g/t Ag over 2m from 27m down the trench.

Vertigo Target – JP Ross Property

The Vertigo Target is on the JP Ross property which is comprised of 2,850 quartz claims covering over 57,000 hectares with at least 14 known target areas and numerous placer gold bearing creeks.  Previously announced drill results on the Vertigo target range from trace to 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 (JPRVERRAB18-001); 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m (JPRVERRAB18-011); and 23.44 g/t Au over 24.37m (JPRVERRAB18-014). Additional exploration in the area also encountered multiple high-grade grab samples including 139.9 g/t, 135.6 g/t and 132.9g/t Au defining a strike length of approximately 1.5km on the Vertigo target along a 12km mineralized trend. The Vertigo Target is located approximately 25km north of the Company’s flagship White Gold property and is within 2km of an existing road accessible from Dawson City. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

To date, at least 12 mineralized structures are recognized on the Vertigo target over a 1,500m x 650m area, and consist of W-NW trending, steeply dipping zones of quartz veining, brecciation, and fracture-controlled mineralization with disseminated to vein-controlled pyrite-arsenopyrite-galena and, locally, visible gold mineralization. Drill testing to date has validated the mineralization over 500m of strike length which is open along strike and at depth.

About White Gold Corp.

The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 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 gold and 282,490 ounces Inferred at 1.70 g/t gold 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. (TSX: G, NYSE:GG) with a M&I gold resource(1) of 4.1M 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.

(1)           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.

QA/QC

The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600)

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person

Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) 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, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold and other properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

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: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold and other properties; failure to expand or identify any additional mineral resources; 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 White Gold properties and the Company’s other 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 mineral exploration and mining; 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 under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. 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 any obligations 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.
(416) 643-3880
ir@whitegoldcorp.ca

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

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Endeavour Silver Reports High Grade Silver-Gold Intersections in Multiple Veins From 2018 Drill Program at the Bolanitos Mine, Guanajuato, Mexico

Endeavour Silver Corp. (NYSE: EXK; TSX: EDR – http://www.commodity-tv.net/c/search_adv/?v=298293) reports high grade silver-gold intersections in multiple veins from the 2018 drill program at the Bolanitos mine in Guanajuato, Mexico. A total of 55 drill holes from surface and 11,000 metres were completed by the end of October on seven different vein targets, all of which are located within four kilometres of the Bolanitos plant (view longitudinal sections for Herradura, Plateros and San Miguel).

Drilling highlights include high silver-gold grades in two parallel veins at the San Miguel target just north of the plant, such as 1,415 grams per tonne (gpt) silver and 2.25 gpt gold over a 1.1 m true width (46.2 oz per short ton (opT) silver equivalent (AgEq) over 3.6 feet (ft) in hole MG-06. Another highlight comes from the Arcangel vein, part of the La Luz vein system, and includes 138 gpt silver and 13.2 gpt gold over a true width of 1.2 m (32.8 opT silver equivalent over 3.9 ft) in hole LZU-17.

Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These step-out drill results have outlined several new mineralized areas and provided extensions to known areas, with potential for new resources to extend the mine life at Bolanitos. Specifically, San Miguel is a newly discovered vein to the North East, that is more extensive than previously recognized. Drilling has now wrapped up at Bolanitos for the year and a new resource estimate is expected in January.”

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that owns three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently commissioning its fourth mine at El Compas, advancing a possible fifth mine at the Terronera mine project and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward‑looking statements and information herein include but are not limited to statements regarding Endeavour’s anticipated performance in 2018 including changes in mining and operations and the timing and results of various activities. The Company does not intend to, and does not assume any obligation to, update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

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First Cobalt Continues to Show Continuity of Mineralization at Iron Creek

First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298244) is pleased to report that drill results from its Iron Creek Cobalt Project in Idaho, USA extend mineralization at depth and demonstrate additional mineralization between the two known zones as well as in the footwall of the Waite Zone.

Highlights

– Broad widths of high grade mineralization continue to be intercepted in the eastern portion of the current resource area

  • 3m of 0.31% Co and 0.31% Cu in ICS18-06B
  • 1m of 0.32% Co and 0.20% Cu in ICS18-05 (true widths)

– Massive sulphide intercepts between the main zones, including 6m of 1.12% Co within 5.3m of 0.49% Co (true width), enhance the continuity and size of higher grade cobalt mineralization near the underground workings

– Mineralization extended an additional 50m below the central portion of the current resource area at grades comparable to the resource estimate

– Three drill rigs on site to accelerate timing of updated resource estimate in early 2019

Trent Mell, President & Chief Executive Officer, commented:

“Today’s results infill and extend mineralization at depth between the eastern and western extents of the known resource area. We also continue to intercept higher grade mineralization between the two main zones. These results confirm the continuity and consistency of mineralization predicted by our geological model and add further support for the development vision for the future of the project as we build towards the updated resource estimate in early 2019.”

Drilling is ongoing to extend the strike length of the mineralized zone from over 500 metres to over 1,000 metres and test down dip extensions of known cobalt-copper zones from 150 metres to over 300 metres below surface. Results reported today include three holes in the central portion of the Iron Creek resource and three holes at the eastern margin of the known resource (Figures 1 and 2).

Surface drilling from the eastern side of the resource continues to intercept higher grades of mineralization in the No Name Zone, including 32.3m at 0.31% Co and 0.31% Cu in ICS18-06B and 21.1m at 0.32% Co and 0.20% Cu in ICS18-05 (true widths), improving the consistency of higher grade cobalt and copper mineralization within Adit#1 where massive sulphides were extracted for metallurgical testing.

True thickness estimated from 3D geological model also considering drill holes on strike. Cobalt equivalent is calculated as %CoEq = %Co + (%Cu/10) based on US$30/lb Co and US$3/lb Cu. No metallurgical recoveries were applied to either metal as it is expected that the metallurgical recoveries will be similar for both metals. Flotation tests support the Company’s opinion that both cobalt and copper are of sufficient grade to be recovered.

In general, recent results from drilling within the known resource area has identified several lenses of cobalt mineralization between the main massive sulphide horizons as well as within the hangingwall of the No Name Zone and footwall of the Waite Zone. Disseminated sulphides are also prevalent around the massive sulphide horizons, representing lower grade cobalt halos with potential for extraction by bulk mining methods (Figure 1). Future drilling in this area will continue to define the extent of the broader, lower grade zones of mineralization as well as target the massive sulphide horizons in the centre of this zone.

Assay results reported today from the central portion of the resource confirm grade and thickness of mineralization to approximately 50 metres below the known resource area, as well as infilling some gaps where historically, cobalt mineralization was considered sparse and limited to locally disseminated pyrite.

Two underground holes were drilled from Adit#2, IC18-24 and IC18-25, to test the upper portion of the Waite Zone and both returned comparable cobalt and copper grades to those of the Inferred Resource estimate. Hole IC18-24 was included in the September 2018 resource estimate while IC18-25, reported here, confirms grade and thickness of mineralization to approximately 50m below the known resource estimate (Figure 3). Drill holes from surface were designed to test the down dip extension of both the No Name and Waite mineralized horizons. Holes ICS18-01 and ICS18-04 confirm mineralization extends below the current resource estimate and mineralization remains open at depth. At depth, both holes also demonstrate metal zoning with higher grade copper concentrated in the hangingwall and higher grade cobalt in the footwall of the No Name Zone. In the Waite Zone, cobalt is prevalent over copper.

The three holes drilled at the eastern margin of the resource tested cobalt and copper grade as well as thickness of mineralization (Figure 4). Drill hole ICS18-05 encountered lenses of massive pyrite in the No Name Zone as well as immediately below the No Name Zone, with grades up to 1.03% Co over 1.4m and 1.12% Co over 1.6m (true widths) respectively. Similarly, hole ICS18-06B returned a relatively thick interval in the No Name Zone, as noted above. Higher grade copper sulphide lenses were also intersected immediately below the No Name Zone. Both holes infill an area of higher grade cobalt-copper mineralization extending 150m along strike of Adit#1 where massive sulphides were extracted for metallurgical testing. Hole ICS18-07 tested the down-dip extension of mineralization of both recognized zones where only few holes currently exist.

Iron Creek Property

First Cobalt announced on September 26, 2018 an Inferred Resource estimate at Iron Creek of 26.9 million tonnes grading 0.11% cobalt equivalent (0.08% Co and 0.30% Cu containing 46.2 million pounds of cobalt and 176.2 million pounds of copper) under a base case scenario pit constrained and deeper mineral resource. An alternative underground-only scenario results in 4.4 million tonnes grading 0.23% Co and 0.68% Cu (0.30% CoEq) using a cutoff underground grade of 0.18% CoEq and containing 22.3 million pounds of cobalt and 66.7 million pounds of copper. The Inferred Resource is based on drilling over a strike length of approximately 500 metres and a dip extent of over 150 metres. Preliminary metallurgical testing concludes that simple flotation methods are applicable, yielding recoveries of 96% for cobalt and 95% for copper in rougher floatation.

The Iron Creek property consists of patented mining claims surrounded by unpatented mining claims covering an area of 1,698 acres. Significant infrastructure is in place to support multiple drills and underground activity. Historic underground development includes 600 metres of drifting in three adits and an all-weather road connecting the project to a state highway.

Cobalt-copper mineralization at Iron Creek mineralization occurs within an east-west trending zone. Higher grade mineralization is contained along two horizons, the No Name and Waite Zones, that are roughly parallel and dip roughly 75° to the north, remaining open at depth and open along the east and west strike extensions. The No Name Zone and the Waite Zone have true widths between 10m and 30m. Mineralization also occurs between the No Name and Waite Zones as 1m to 5m pods.

Cobalt-copper mineralization occurs as semi-massive and disseminated pyrite and chalcopyrite along stratabound bands within finely layered meta-sedimentary rocks consisting of interbedded argillite and quartzite. Thin veins of sulfide minerals also cut the bands and meta-sedimentary rocks. Quartzite units make up the hangingwall and footwall to the mineralized meta-sedimentary horizon. This stratigraphic sequence has been mapped at surface and by drilling to extend along strike for at least two kilometres. The principal mineral assemblage consists of pyrite, chalcopyrite, pyrrhotite, and magnetite with much lesser quantities of native copper and arsenopyrite locally.

Quality Assurance and Quality Control

First Cobalt has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Blanks, duplicates and standards are inserted at the core processing site as part of the QA/QC program. Samples are prepared and analyzed by American Assay Laboratories (AAL) in Sparks, Nevada. Over 15% of the samples analyzed are control samples consisting of checks, blanks, and duplicates inserted by the Company; in addition to the control samples inserted by the lab. Drill core samples are dried, weighed crushed to 85 % passing -6 mesh, roll crushed to 85% passing -10 mesh, split 250 gram pulps, then pulverized in a closed bowl ring pulverizer to 95 % passing -150 mesh, then analyzed by a 5 acid digestion for ICP analysis. All samples have passed QA/QC protocols.

Qualified and Competent Person Statement

Dr. Frank Santaguida, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Dr. Santaguida is also a Competent Person (as defined in the JORC Code, 2012 edition) who is a practicing member of the Association of Professional Geologists of Ontario (being a ‘Recognised Professional Organisation’ for the purposes of the ASX Listing Rules). Dr. Santaguida is employed on a full-time basis as Vice President, Exploration for First Cobalt. He has sufficient experience that is relevant to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code.

About First Cobalt

First Cobalt is a North American pure-play cobalt company whose flagship asset is the Iron Creek Cobalt Project in Idaho, USA, which has Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt equivalent. The Company’s other assets include 50 past-producing mines in the Canadian Cobalt Camp and the only permitted cobalt refinery in North America capable of producing battery materials.

On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer

For more information visit www.firstcobalt.com

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

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.

Cautionary Note Regarding Estimates of Resources

Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The estimate of mineral resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" incorporated by reference into NI 43-101. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Economic Assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically. An Inferred Mineral Resource as defined by the CIM Standing Committee is "that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration."

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects‘, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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Orsu Metals reports multiple gold-mineralized intercepts in drill holes and trenches at Adit 5, Sergeevskoe Gold Project, Russia

Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is delighted to announce drilling results from 15 drill holes and 3 trenches at Adit 5, as part of the extended 12,500 meters (‘m’) drilling program at its Sergeevskoe Gold Project in Russia. The program is designed to deliver an estimation of a maiden resource in Q4 2018.  

Highlights:

  • Fifteen drill holes and three trenches within a 450×250 m area at Adit 5 revealed 15 northwest- to northeast-striking gold-mineralized veins
  • The gold grade of mineralized intervals in drill holes at Adit 5 varies from 52 g/t Au to 3.07 g/t Au over a variable drill width of 2 to 21.8 m in primary quartz-sulfide veins, with higher grade mineralization, grading up to 6.49 g/t Au over 11.5 m, intercepted in oxidized material in trenches

Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Instead of finding the historically anticipated presence of 4 to 5 northwest-trending gold-quartz-sulfide veins at Adit 5, Orsu identified gold in 15 closely-spaced fan-shaped northwest to northeast-striking mineralized zones within a 450×250 m area. The vein swarms in the west and east of Adit 5 are grading on average between 0.52 g/t Au and 3.07 g/t Au over a variable drill width of 2 to 21.8 m to a depth of 100-200 m. The combined drill width of some closely spaced gold-mineralized veins, intercepted in individual drill holes varies from 4 to 61 m. In the north, mineralization at Adit 5 almost orthogonally joins the eastern part of Zone 23, therefore occurring on the southeastern flank of Zone 23. Orsu believes that gold mineralization at Adit 5 significantly expands the resource potential for the forthcoming NI43-101 estimate”.

Dr Sergey V Kurzin, Executive Chairman of Orsu, commented: “Results from the Adit 5 zone nicely complement the adjacent Zone 23 area, the backbone of the Sergeevskoe project, and will likely add to Orsu’s maiden mineral resource estimate. Our drilling contractors completed the work last week and are demobilizing now. Our geological team expects to receive all pending assays shortly and, supported by Orsu’s competent person, Wardell Armstrong International will immediately get down to work of estimating the maiden NI43-101 resource.”

The license of the Sergeevskoe Gold Project occurs immediately east from the Alexandrovskoe open pit and gold plant owned by Zapadnaya Gold Mining Ltd and to the west from the +6 Moz Klyuchevskoe gold deposit licensed to Sun Gold Mining (Figure 1)[1]. Orsu owns a 90% interest in the Sergeevskoe Gold Project (see Orsu press-release December 1, 2017).

Orsu has now received assay results for all 2018 drill holes and trenches at Adit 5. The quartz-tourmaline-sulfide veins are hosted primarily in the pre-mineral Permian granite intrusion, often controlled by the contacts of Jurassic diorite porphyry and granodiorite porphyry dykes.

The Northwestern Fault divides the Adit 5 area into western and eastern domains with dextral strike-slip sense of movement between them, interpreted based on truncation and offset of the dykes (Figure 2). Using the dykes as markers, the minimum displacement can be estimated in 100 m at least.

The orientation of the quartz-tourmaline-sulfide veins in the Adit 5 West domain is northwestern to northern, whereas in the Adit 5 East domain their strike is predominantly northeastern. Orsu identified 15 mineralized veins in each domain. Some of them may represent offset continuation of the same veins in the two domains.

Although the mineralization becomes narrow southward, it remains open in that direction and downdip. The gold-mineralized veins are widening to the north towards the eastern part of Zone 23, where veins in both Zone 23 and Adit 5 are truncated by the Shirotnyi Fault. In addition, north of the Shirotnyi fault are the gold-mineralized veins of the southern part of Klyuchi West, already reported for the drill holes SDH18-25, 26, 27, 28 (see Orsu press release July 16, 2018). Orsu drilled additional holes to test the downdip extent of mineralization, with results pending.

In Adit 5 West domain, the veins are steeply-dipping, with the westernmost veins dipping to the southwest (Figure 3). They reveal a propeller-like shape along the strike. There is increase in grade downdip even in comparison with the trenches, although in oxide is the widening of mineralized intervals, which also reveal supergene enrichment and higher gold grade.

In Adit 5 East domain, the veins are also steep (Figure 4), broadly northwest- to north-dipping. There is widening of mineralization in oxide zone, which developed down to 25-30 m from surface. In hypogene mineralization, the drilling demonstrated that the width of veins doubles at deeper levels. The mineralization remains open downdip.

The above interpretations are based on selection of the previously and newly-reported mineralized intervals, based on a 0.5 g/t Au cut-off for compositing, with maximum 2 m length of 0.3-0.5 g/t Au mineralization included into a mineralized interval. Composited intervals in drill holes are presented uncapped (Table 1).

Quality Assurance – Quality Control (“QA/QC”)

Thorough QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all trenches. Duplicate samples were inserted after every 20 samples. All standard samples were inserted once per 20 samples. Blanks were also inserted once per 20 samples and consisted of the previously assayed barren granitoid rocks.

Drill core samples were submitted directly to the SGS Vostok laboratories in Chita, Russia, which are independent from Orsu, for sample preparation and analysis. Analysis for Au is performed using fire assay method with atomic absorption (“AA”) finish and with a gravimetric finish for samples exceeding 10 g/t Au. Results published are from the gravimetric finish if above 10 g/t Au and from the AA finish if lower than 10 g/t Au.

Qualified Person

This release and the technical data reported have been reviewed and approved by Alexander Yakubchuk, Director of Exploration of the Company, also a Qualified Person as defined in NI 43-101.

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

Cautionary Statement:
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

For further information, please contact:
Alexander Yakubchuk, Director of Exploration, Orsu Metals Corporation
Doris Meyer, Corporate Secretary, Orsu Metals Corporation
Tel: +1-604-536-2711 ext 6
www.orsumetals.com 

[1] Business Standard, a leading Indian daily newspaper, reported on 21 September 2018 that “Chinese company China National Gold will invest about $420 million in the development of the Klyuchevskoye gold deposit in Russia, while another $65 million will be invested by India’s SUN Gold. The annual production volume is expected at about 6.5 metric tons of gold per year, the Russian Industry and Trade Ministry reported.”

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TerraX purchases the Tom Mine and Sickle Properties

TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF – http://www.commodity-tv.net/…) is pleased to announce the purchase of a 100% interest in the Tom Mine (6 sq km)and Sickle (2 sq. km) properties from Altamira Gold Corp. These properties increase the area of the YCGP from 772 square kilometers to 780 square kilometers. A map of the property locations is available here.

As part of the agreement, TerraX will pay Altamira a total of $25,000 cash and 250,000 shares of TerraX. Altamira will retain a 2% NSR royalty. The agreement is subject to the approval of the TSX-V exchange and is expected to close by the end of September.

David Suda, the Chief Executive Officer and President of TerraX stated "While results from our summer exploration program continue to fill our pipeline of focused targets; our team continues to build the world class land package. We are pleased to have completed and amicable transaction with Altamira."

The Tom Mine was a gold producer in the Yellowknife gold district from 1985-1997. The Tom and C vein systems were accessed by ramp to 122 vertical metres over 300 metres of strike length. The Tom Mine production was milled at the Ptarmigan Mine (January 12, 2018 press release) so separate production records for the Tom Mine are not available. The Tom Mine gold ore has the same characteristics as the Ptarmigan Mine which is free milling with reported recovery of 94%. When the mine closed in 1997 the veins were still open at depths below the current mine workings. (Source: The Operational History of Mines in the Northwest Territoies, R. Silke, 2009; and Treminco Resources Limited, Annual report 1990). The southern portion of the property is contiguous with the Ptarmigan Gold Mine property. TerraX has no liability for any remediation of the previous mine site.

The Sickle property is underlain by the Walsh Lake sediments, which are host to TerraX’s Mispickle Zone (September 22, 2016, press release). Several historic gold showings occur on the property with gold values up to 4 g/t.

David Suda, the Chief Executive Officer and President of TerraX stated "While results from our summer exploration program continue to fill our pipeline of focused targets; our team continues to build the world class land package. We are pleased to have completed and amicable transaction with Altamira."

Joseph Campbell, the Executive Chairman of the Board of TerraX, stated "The purchase of the Tom Mine property gives TerraX access to another gold bearing vein system similar to the past producing Ptarmigan Mine, which TerraX owns. The property is also near paved road access to Yellowknife and high-tension powerlines that are connected to the past producing Ptarmigan Gold Mine. The purchase of the Sickle property gives TerraX an additional 5 kilometers of strike length in the gold bearing Walsh Lake sediments."

The technical information contained in this news release has been approved by Joseph Campbell, the Executive Chairman of the Board of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

About the Yellowknife City Gold Project

The Yellowknife City Gold ("YCG") project encompasses 780 sq km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX controls one of the six major high-grade gold camps in Canada. Being within 10 km of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydroelectric power and skilled tradespeople.

The YCG lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the main mineralized break in the Yellowknife gold district, including the southern and northern extensions of the shear system that hosted the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and recent high-grade drill results that serve to indicate the project’s potential as a world-class gold district.

For more information on the YCG project, please visit our web site at www.terraxminerals.com.

On behalf of the Board of Directors

"JOSEPH CAMPBELL"

Joe Campbell

Executive Chairman of the Board

For more information, please contact:

Samuel Vella

Manager of Corporate Communications

Phone: 604-689-1749

Toll-Free: 1-855-737-2684

svella@terraxminerals.com

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

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

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Bluestone Unternehmens-Update

Bluestone Resources Inc. (TSXV:BSR | OTCQB:BBSRF) ("Bluestone" or the "Company" – http://www.commodity-tv.net/c/search_adv/?v=298564) is pleased to provide the following corporate update on the recent progress of the Company.

John Robins, Executive Chairman commented, “In just over 15 months since acquiring the Cerro Blanco Gold and Mita Geothermal projects, Bluestone has advanced from what was effectively a shell company to one that is rapidly advancing these high-quality projects. Bluestone has successfully assembled an executive team with extensive development and Latin American experience; the skills necessary to advance these projects to maximize value for our many stakeholder groups including local communities in Guatemala, government partners, and our supportive shareholders.”

A Feasibility Study led by JDS Energy & Mining Inc. was initiated on the Cerro Blanco Gold project in late 2017 and is well advanced. Shortly after commencing the Feasibility Study, Bluestone management assembled a Technical Advisory Committee (“TAC”) to act as a peer review over key technical aspects of the study as it progresses. Bluestone was very fortunate to establish a group of internationally recognized technical experts who have been engaged with management and the JDS area leads over the past nine months on the Feasibility Study. Chaired by Alf Hills, the additional TAC members are Scott Donald (Hydrology), Allan Moss (Mining), Roger Nendick (Processing and Infrastructure), Robert Sim (Resource Estimation), and Dr. Ward Wilson (Waste Management).  

Darren Klinck, President & CEO commented, “It is very rare that a Company the size of Bluestone looks to establish a peer review (TAC) over a technical study such as this, and even rarer to have access to an esteemed group with such a diverse and international base of experience. This approach is consistent with our objective to leverage past experiences with new technology and innovation to ensure long-term success and viability for the Company and its stakeholders.”  

A comprehensive review of the geology and structural controls of the deposit was completed as a basis for an updated resource estimate. This program entailed the re-logging of drill core and detailed surface and underground structural mapping led by UK-based consultants, Specialised Geological Mapping Ltd. This work resulted in a better understanding of the deposit and has been a key foundation in the development of the vein models and guiding infill drilling and exploration for new high-grade veins. Preliminary geology domain and vein wireframes are complete and have validated the work of the structural study. Final models will be adjusted with surface and underground drilling and sample results as part of the updated resource estimate expected imminently.

An infill drill program was completed by Bluestone that focused on under-drilled areas and new targets adjacent to the resource envelope. The program was successful in refining the resource model that is nearing completion. A total of approximately 11,000 meters was drilled from both surface and from the 3.2 km of underground workings at Cerro Blanco, representing the first drilling on the project since 2012.

Significant broad intervals of gold and silver mineralization were intercepted as outlined in press releases dated April 17, 2018, May 15, 2018 and May 30, 2018, highlights include (true widths):
 

  • 5 meters at 5.8 g/t Au and 18.6 g/t Ag
  • 7 meters at 5.5 g/t Au and 17.2 g/t Ag
  • 3 meters at 16.0 g/t Au and 29.1 g/t Ag
  • 0 meters at 15.0 g/t Au and 32.5 g/t Ag
  • 1 meters at 16.2 g/t Au and 20.6 g/t Ag
  • 0 meters at 17.2 g/t Au and 94.9 g/t Ag
  • 3 meters at 32.7 g/t Au and 79.6 g/t Ag
  • 0 meters at 16.7 g/t Au and 105.4 g/t Ag
  • 3 meters at 14.3 g/t Au and 68.5 g/t Ag

Darren Klinck, President and CEO commented, “The infill drilling program achieved its objective and enhanced our confidence in the continuity of the high-grade veins and geologic model. Results validated our understanding and interpretation of the new geological interpretation of the deposit and will be fundamental to the updated resource estimate expected shortly. In addition, the resource estimation work continues to highlight low-grade envelopes surrounding the high-grade veins and disseminated mineralization in cover rocks which adds to the total inventory of ounces at the Cerro Blanco Gold project. The low-grade disseminated resource first outlined in the PEA last year will also be updated and, while not the focus of the Feasibility Study, is expected to demonstrate resources at lower cut-off grades identified to date at the Cerro Blanco Gold project.”

Generative exploration work continues and a detailed exploration, mapping, and targeting exercise was carried out to identify high priority exploration drill targets outside the current high-grade deposit footprint. An initial drill program on some of these targets recently commenced.

Mobile underground mining equipment was acquired from the Marlin mine and has been utilized for underground mining and development activities associated with the underground exploration program. Additionally, 12 MW of CAT generators and associated transformers and switch gear were purchased and delivered to site for future use.

Flow testing of select geothermal wells was completed at the Mita Geothermal project. Equipment was installed onsite and four geothermal wells were tested for power generation capabilities. Multiple wells were flow tested for extended durations. The data collected fed into a new reservoir calculation that is expected to demonstrate an economic geothermal resource, as well as an estimated power generation capacity for a potential first phase project. Further drilling and follow up on the deeper reservoir, projected beneath the Mita geothermal concession, could have the potential to increase the projected power generation capabilities in the future.

Further studies are ongoing in this area in conjunction with synergies from the Cerro Blanco Gold project. Bluestone envisions a staged approach, with Phase 1 being a smaller operation that could supplement power requirements to the mine or be sold into the privatized national grid. A larger development could then be examined in the future as a Phase 2.

Several initiatives establishing business processes in human resources, risk management, and health and safety commenced as part of preparations for advancement beyond completion of the Feasibility Study. In addition to working with expert consultants and non-government organizations to enhance and broaden our stakeholder management and engagement priorities, Bluestone is pleased to have commenced work with local and international industry-leading partners to help bolster the Company’s capacity. The Company undertook an exercise to engage the workforce in Guatemala and in Canada to establish a vision, mission, and corporate values. This initiative was very well received and has formed an important part of the fabric of our values-based organization.

As part of the Company’s capital markets initiatives, the Company’s common shares were listed on the OTCQB Venture under the symbol "BBSRF" and are DTC eligible. This is consistent with the goal of increasing the liquidity and convenience of trading within the U.S. market place.  Additionally, Bluestone now has six brokerage firms providing research coverage on the Company demonstrating the quality of the assets and confidence in the strategy at Bluestone.

About Bluestone Resources

Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects located in Guatemala. The Cerro Blanco Gold project economics, as disclosed in the Company’s Cerro Blanco Preliminary Economic Assessment which is available at www.sedar.com, and updated mineral resource estimate for Cerro Blanco, indicate a robust project with an expected nine-year mine life producing 952,000 ounces of gold and 3,141,000 ounces of silver. Initial capital expenditures estimated in the PEA to fund construction and commissioning is estimated at US$170.8 million with all-in sustaining cash costs (as defined per World Gold Council guidelines, less corporate general and administration costs) estimated to be US$490 per ounce of gold produced. The Company trades under the symbol “BSR” on the TSX Venture Exchange and “BBSRF” on the OTCQB.

On Behalf of Bluestone Resources Inc.

"Darren Klinck"

Darren Klinck | President, Chief Executive Officer & Director

 

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

Qualified Person

David Cass, P.Geo., Vice President Exploration is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information set out above in this news release is accurate and therefore approves this written disclosure of the technical information.

Cautionary Language

The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This press release contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”).  All statements, other than statements of historical fact, that address activities, events or developments that Bluestone Resources Inc. (“Bluestone” or the “Company”) believes, expects or anticipates will or may occur in the future including, without limitation: the proposed timeline and benefits of the Feasibility Study; statements about the Company’s plans for its mineral properties; Bluestone’s business strategy, plans and outlook; the future financial or operating performance of Bluestone; capital expenditures, corporate general and administration expenses and exploration and development expenses; expected working capital requirements; the future financial estimates of the Cerro Blanco Project economics, including estimates of capital costs of constructing mine facilities and bringing a mine into production and of sustaining capital costs, estimates of operating costs and total costs, net present value and economic returns; proposed production timelines and rates; funding availability; resource estimates; and future exploration and operating plans are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to Bluestone and often use words such as “expects”, “plans”, “anticipates”, “estimates”, “intends”, “may” or variations thereof or the negative of any of these terms.

All forward-looking statements are made based on the Company’s current beliefs as well as various assumptions made by them and information currently available to them.  Generally, these assumptions include, among others: the ability of Bluestone to carry on exploration and development activities; the price of gold, silver and other metals; there being no material variations in the current tax and regulatory environment; the exchange rates among the Canadian dollar, Guatemalan quetzal and the United States dollar remaining consistent with current levels; the presence of and continuity of metals at the Cerro Blanco Project at estimated grades; the availability of personnel, machinery and equipment at estimated prices and within estimated delivery times; metals sales prices and exchange rates assumed; appropriate discount rates applied to the cash flows in economic analyses; tax rates and royalty rates applicable to the proposed mining operation; the availability of acceptable financing; anticipated mining losses and dilution; success in realizing proposed operations; anticipated timelines for community consultations and the impact of those consultations on the regulatory approval process.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Bluestone. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to expected production rates, timing and amount of production and total costs of production; risks and uncertainties related to ability to obtain or maintain necessary licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining development activities; risks and uncertainties related to the accuracy of mineral resource estimates and estimates of future production, future cash flow, total costs of production and diminishing quantities or grades of mineral resources; risks associated with geopolitical uncertainty and political and economic instability in Guatemala; risks and uncertainties related to interruptions in production; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; uncertain political and economic environments and relationships with local communities; risks relating to variations in the mineral content within the mineral identified as mineral resources from that predicted; variations in rates of recovery and extraction; developments in world metals markets; risks related to fluctuations in currency exchange rates; as well as those factors discussed under “Risk Factors” in the Company’s Amended and Restated Annual Information Form.

Any forward-looking statement speaks only as of the date on which it was made, and except as may be required by applicable securities laws, Bluestone disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Bluestone believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to their inherent uncertainty.  There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

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TerraX identifies two new gold zones on Northbelt property and channel samples 5.50 m @ 24.75 g/t Au at Ptarmigan on Eastbelt

TerraX Minerals Inc. (TSX-V: TXR; Frankfurt: TX0; OTC Pink: TRXXF – http://www.commodity-tv.net/c/search_adv/?v=298245) is pleased to announce assay results from the Company’s summer field program now underway on the Yellowknife City Gold project.

The first set of assay results come from sampling done on two new zones called Gull Lake and Rater Lake that have been identified on our Northbelt property. These new targets are in the same mafic volcanic geology that also hosted the Giant and Con mines. The highlight assays are 43.7 g/t Au, 28.0 g/t Au, and 19.05 g/t Au on the Gull Lake Zone with several additional assays in the 1 to 5 g/t Au range on both zones. These gold zones are interpreted as being the continuation of the Giant Mine gold structure, warranting immediate further work along these structural trends.  A map showing the location of these samples is available here.

The second set of assay results come from channel sampling done around the past producing Ptarmigan Mine on Eastbelt, an asset that TerraX acquired in early 2018 (see news release of January 12, 2018). These channels were cut from outcrop along the Ptarmigan vein trends and sampled across the gold mineralized structures. Assay results for gold range up to 226 g/t Au and 126 g/t Ag in 0.50 m channel samples from Channel ECH18-037.  Intervals for the 3 sampled areas (ECH18-035 to ECH18-037) are indicated on the map available here and include:

  • ECH18-037 – 24.75 g/t Au over 5.50 m (including 82 g/t Au over 3.00 m)
  • ECH18-036 – 39 g/t Au over 7.50 m (including 10.44 g/t Au over 2.50 m)
  • ECH18-035 – 25 g/t Au over 2.00 m

Joseph Campbell, Executive Chairman of TerraX, stated: “These initial sample results from our summer program on both our Northbelt and Eastbelt properties were taken from easily accessible areas.  The Ptarmigan sampling is literally beside a paved road illustrating the excellent infrastructure of the land package for both exploration and eventual development. Further, the newly identified gold zones at Gull Lake and Rater Lake are proximal to the Crestaurum road. These veins look to be a continuation of prolific mineralized zones mined in the past at the high grade Giant Mine immediately to the south. The channels from the Ptarmigan area have grades very much in line with its historical high grade production and our initial work at both these areas confirms continuity within these large mineralizing systems. We are continuing to work in these areas and additional results are pending.”

Channel assays reported today from the Ptarmigan area total 194 samples with gold grades ranging from nil to 226 g/t Au. Channel samples are considered representative of the zones that have been sampled.

Assay values from grab sampling at Gull and Rater Lakes range from nil to a high of 43.7 g/t Au.  Sampling included insertion of certified standards and blanks into the stream of samples for chemical analysis. Samples were prepared at ALS Chemex’s laboratory in Yellowknife and shipped to their Vancouver facility for gold analysis by fire assay and other elements by ICP analysis. ALS is a certified and accredited laboratory service.  It should be noted that, due to their selective nature, assay results from grab samples may not be indicative of the overall grade and extent of mineralization on the subject area.

The technical information contained in this news release has been approved by Joseph Campbell, Executive Chairman of TerraX, who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About the Yellowknife City Gold Project

The Yellowknife City Gold ("YCG") project encompasses 772 sq km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX controls one of the six major high-grade gold camps in Canada. Being within 10 km of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople.

The YCG lies on the prolific Yellowknife greenstone belt, covering 70 km of strike length along the main mineralized break in the Yellowknife gold district, including the southern and northern extensions of the shear system that hosted the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and recent high-grade drill results that serve to indicate the project’s potential as a world-class gold district. 

For more information on the YCG project, please visit our web site at www.terraxminerals.com.

On behalf of the Board of Directors

"DAVID SUDA"

David Suda
President and CEO

For more information, please contact:

Samuel Vella
Manager of Corporate Communications
Phone: 604-689-1749
Toll-Free: 1-855-737-2684
svella@terraxminerals.com

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

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

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

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Endeavour Silver Updates Progress on Terronera Silver-Gold Mine Project in Jalisco, Mexico

Endeavour Silver Corp. (NYSE: EXK, TSX: EDR – https://www.youtube.com/watch?v=wmK8Kyb4AX0&t=1s) provides herein an update on its Terronera silver-gold mine project, located in Jalisco state, Mexico. Since the release of the initial Pre-Feasibility Study (“PFS”) one year ago (see Endeavour News Release dated April 3, 2017), Endeavour has conducted a number of engineering trade-off studies to refine the operating parameters and optimize the economic performance of the project.

Bradford Cooke, Endeavour CEO commented, “We have made very good progress in enhancing many of the operating parameters and developing our working knowledge of this proposed mine.  While we are waiting for the final government permits for Terronera, we will continue refining our studies over the next few weeks, and we plan to release an updated PFS once the permits are approved.”

Endeavour retained a number of engineering consulting firms to work with Endeavour’s technical services group in preparing and updating the PFS.  Smith Foster is providing project oversight as well as direct input with PM Ingeniería y Construcción and Eugenio Iasillo into metallurgy, process flowsheet, plant design and related earthworks.  P&E Mining Consultants prepared and are currently refining the Mineral Resource and Reserve estimates and mine plans for the Terronera and La Luz veins.  Knight Piesold generated and evaluated the mine geothechnical data. Wood (formerly Amec Foster Wheeler) engineered the plant tailings and mine waste storage areas in addition to conducting and evaluating environmental studies.

Highlights of Project Engineering Studies on Operating Parameters

  • Optimal throughput based on current Mineral Reserves and Resources is 1500 tonnes per day (“tpd”)
  • Optimal development plan based on time needed to develop the mine is two stages of 750 tpd each
  • Annual production at 1500 tpd is estimated at 5.0 million oz silver equivalents per year (at a 75:1 silver:gold ratio) based on 300 grams per tonne (“gpt”) net payable silver equivalents per tonne (still being optimized)
  • Mineral Resource model updated to include the small but very high grade La Luz vein (still being optimized)
  • Mine plan is initially 100% cut and fill in the Terronera vein due to weak rock strength in the vein and 100% resuing in the narrow La Luz vein (still being optimized)
  • Plant design is crush, grind, flash flotation, regrind and conventional flotation to produce a single bulk sulfide silver-gold concentrate
  • Tailings facility is dry stack so that the process water is recycled for minimum water consumption and maximum tailings stability
  • Power generation alternatives are electric power grid or compressed natural gas with diesel backup (still being optimized)
  • Geotechnical studies were completed for the mine, plant and tailings sites
  • Hydrological studies were completed around the mine, plant and tailings sites
  • Metallurgical studies were refined to provide a simpler process flowsheet and plant design
  • Indigenous studies were completed for the region
  • Public road upgrade study was completed in consultation with the local communities
  • Project offices and housing site and plan including solar power approved by local community
  • Land acquisition agreements completed for the mine, plant and tailings areas
  • Final mine and plant permits received August 2017, mine and plant bond posted February 2018

Activities to Finalize Updated PFS

  • Complete review of Mineral Reserve and Resource model
  • Complete optimization of mine plan
  • Complete review of power options
  • Complete review of explosives permit alternatives
  • Finalize economic model
  • Receive dumps and tailings permits

Community Engagement

  • For several years, we have maintained good relations and an open dialogue with the local communities on our annual work plans.
  • We held meetings with community leaders to update them and receive their input into our plans to develop, operate and reclaim the Terronera mine and related facilities.
  • We took senior community representatives to one of our mines so they could see first-hand how we operate and what our mines look like.
  • We took community members who wanted to learn how to become miners to one of our mines for training in a variety of job opportunities.
  • We offer employment and hire locally whenever possible to improve the economic outlook and skills capacity in the local communities.
  • We plan to hire local contractors whenever possible if they have the right equipment for opportunities such as building site and road construction.
  • We plan to employ approximately 350 people during the plant construction and about 500 people in total for commercial operations.
  • We reclaim disturbed areas each year and as a result, we have planted approximately 57,150 trees in the area.
  • Years ago, we established a wild deer farm and we continue to support it as part of our environmental strategy for the area.

Exploration Opportunities for Further PFS Optimization

The 2018, 5,400 meter exploration drill program is now underway with one drill rig targeting the southeast extension of the Terronera vein, and a second underground drill rig is planned to test the Quiteria vein at depth below the Quiteria mine.  Any new resources defined this year would potentially extend the Terronera mine life and have a positive impact on the project economics.

A new infill drill program of up to 10,000 meters in up to 25 holes was recently approved to upgrade the inferred resources to indicated resources, mainly at depth in the Terronera vein and to a lesser extent in the La Luz vein, which should benefit the net present value (NPV) and internal rate of return (IRR).  One or two more rigs will be added in Q2, 2018 for this infill drill program depending on permitting for drill pads.

New Website

Endeavour Silver announces the launch of its newly updated corporate website at www.edrsilver.com, featuring a refreshed design, improved functionality and up to date information on the Company’s assets. We encourage visitors to subscribe to receive future news releases and other resources that we publish to communicate all aspects of our business, and follow the Company on our social media channels.  

About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates three high-grade, underground, silver-gold mines in Mexico. The Company is forecasting a 20% increase in production to 10.2-11.2 million oz silver equivalent in 2018. Endeavour has a compelling pipeline of exploration and development projects to facilitate its goal to become a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp. 

Contact Information For more information, please contact:
Galina Meleger, Director Investor Relations

Toll free: (877) 685-9775
Tel: (604) 640-4804
Fax: (604) 685-9744
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

 

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward‑looking statements and information herein include but are not limited to statements regarding Endeavour’s anticipated performance in 2018, the timing and results of various future activities, the reliability of Mineral Reserve and Resource estimates, the economic analysis and proposed development of the Terronera mine.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, the reliability of Mineral Reserve and Resource estimates, operational plans and economic analysis, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico, operating or technical difficulties in mineral exploration, development and mining activities, risks and hazards of mineral exploration, development and mining, the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties, as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including, but not limited to, the reliability of Mineral Reserve and Resource estimates, operational plans and economic analysis, the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

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Goldmining buys down Cachoeira Royalty and files Crucero Technical Report

GoldMining Inc. (the "Company" or "GoldMining") (TSX-V: GOLD; OTCQX: GLDLF – https://www.youtube.com/…) is pleased to announce BRI Mineração Ltda. ("BRI"), a wholly-owned subsidiary of the Company, has entered into a royalty purchase agreement (the "Agreement") with certain royalty holders (the "Vendors") on the Cachoeira Project. In addition, further to its press release dated January 16, 2018, the Company has filed a National Instrument 43-101 ("NI 43-101") technical report (the "Technical Report") for its Crucero Project located in the Department of Puno, southeastern Peru.
Paulo Pereira, President of GoldMining, commented: "We are pleased to have reached an agreement with several of the royalty holders on the Cachoeira Project, which extinguishes a portion of the current advance royalty payment, as well as making it more attractive in the future when the deposit is developed or sold. In 2018, we will continue to look at innovative ways to advance our portfolio of resource-stage gold projects in the Americas to maximize value for our shareholders".

Royalty Purchase Agreement
Pursuant to the Agreement, BRI will acquire the Vendors‘ 66.66% interest in the existing 4.0% net production royalty (the "Royalty") on the Company’s Cachoeira Project, in consideration (the "Consideration") for US$133,320 payable in cash to the Vendors, and 698,161 common shares of the Company.
The common shares of the Company to be issued under the transaction are subject to a four month and one day hold period and certain resale restrictions pursuant to the terms of the Agreement.

Crucero Technical Report
The Technical Report, dated effective December 20, 2017, is titled "Technical Report on the Crucero Property, Carabaya Province, Peru". The Technical Report was authored by Mr. Greg Z. Mosher, M.Sc., P.Geo. of Global Mineral Resource Services, who is a qualified person within the meaning of NI 43-101 and is independent of the Company.
The Technical Report includes the following resource estimate for the Crucero Project at a 0.4 g/t gold cut-off (Tables 1 to 3).

Table 1: NI 43-101 indicated resource estimate for the A1 deposit.
Gold Cut-off Tonnage Grade Contained Metal
(g/t) (Mt) Gold (g/t) Gold (Moz)
2.0 876,000 2.3 64,000
1.0 13,504,000 1.4 606,000
0.8 19,617,000 1.2 783,000
0.6 25,378,000 1.1 912,000
0.4 30,653,000 1.0 993,000
0.2 33,019,000 1.0 1,013,000
0.0 33,341,000 0.9 1,013,000

Table 2: NI 43-101 inferred resource estimate for the A1 deposit.
Gold Cut-off Tonnage Grade Contained Metal
(g/t) (Mt) Gold (g/t) Gold (Moz)
2.0 827,000 2.4 63,000
1.0 14,265,000 1.4 656,000
0.8 21,662,000 1.3 874,000
0.6 28,958,000 1.1 1,038,000
0.4 35,779,000 1.0 1,147,000
0.2 38,706,000 0.9 1,173,000
0.0 39,479,000 0.9 1,174,000
Table 3: Assumptions utilized to establish the conceptual pit for the purposes of the above resource estimate.
Parameter Value Unit
Gold Price 1,500 US$/oz
Mine Operating Cost (Mineralization and Waste) 1.60 US$/t mined
Process Operating Cost 16.00 US$/t milled
Overall Pit Slope 47 Degrees

The Crucero Project occurs within the Puno Orogenic Belt, which is host to orogenic gold deposits and associated extensive alluvial deposits in eastern Peru and Bolivia. The Project is road accessible by paved road from Juliaca to the town of Crucero, approximately 150 km to the northeast, with the remaining 50 km to the site by gravel road. High-power electrical lines pass within 8 km of the property.
The A1 deposit, as currently defined by trenching and drilling, strikes northwest and dips vertically to steeply to the northeast. The deposit is approximately 750 m long by 100 m in width and has been traced to a vertical depth of 400 m, but most of the drilling is confined to within 250 m of surface. The deposit is open at depth and along strike to the northwest and southeast. The structurally controlled gold mineralization is associated with sulphide veins hosted within strongly deformed metasedimentary rocks.
Historic exploration programs have focused on the A1 deposit, however geophysical and geochemical surveys have identified additional targets for follow-up exploration.

Qualified Person
The resource estimate disclosed herein on the Crucero Project was prepared for GoldMining by Mr. Greg Z. Mosher, B.Sc., M.Sc., P.Geo., of Global Mineral Resource Services (the "Qualified Person"). Mr. Mosher is recognized as a qualified person as defined in NI 43-101, is independent of the Company and has reviewed and approved the disclosure regarding the resource estimate for the Crucero Project disclosed herein.
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 National Instrument 43-101 and is a member of the Association of Professional Geoscientists of Ontario.

Cautionary Note
Investors are cautioned not to assume that any part or all of the mineral deposits in the "measured", "indicated" and "inferred" categories will ever be converted into mineral reserves with demonstrated economic viability or that inferred mineral resources will be converted to the measured and/or indicated categories through further drilling. In addition, the estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of pre-feasibility or feasibility studies.

About GoldMining Inc.
GoldMining Inc. 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

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 its acquisition strategy and the completion of the acquisition of the royalty interest, 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, including: (i) that the acquisition of the royalty interest will complete as contemplated and that the conditions under the Agreement will be satisfied, and (ii) 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that the parties may not satisfy all of the conditions under the Agreement, the inherent risks involved in the exploration and development of mineral properties and uncertainties relating to the availability and costs of financing needed in the future. 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.
Neither the TSX Venture Exchange, nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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