Up to 180kW for Solar String Inverters – MiniSKiiP Dual Split MLI

SEMIKRON offers a broad portfolio of 3-level modules, the latest addition being the MiniSKiiP Dual Split MLI. The new module increases the nominal current to 400A in 1200V and 950V devices and comes with the option of SiC Schottky diodes in the neutral path for maximum efficiency. This new module allows for baseplate-less, PCB-mounted inverter designs with benchmarking power density of up to 180kW for 1500VDC photovoltaic systems. The benefits of the MiniSKiiP Dual’s SPRiNG contact layout are low-inductance DC-link designs, easy driver integration and parallel AC power connections.

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Most Compact MOSFET Inverter Platform for Battery Vehicles – SKAI 3 LV

SKAI 3 LV is the 3rd generation of industrial MOSFET inverters for material handling and battery powered vehicles with more than 1.5 million MOSFET inverters in the field.

The 3rd generation is a platform concept for standard inverter designs or customized designs tailored to the customer’s needs. The inverter connects easily to the customer control board, facilitating quick and easy design while leaving control to the customer.

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CNS and oneclick bring security solution to local government

Anyone, who has been in business for as long as Frank Müller, is just as relaxed about media hypes as he is about promises from the ICT manufacturers‘ sales. For the Managing Director of CNS Computer Network Systemengineering GmbH, founded in 1995, only counts, "… what makes sense and is secure for the customer." The current media hype about managed services as a business model would not have to exist for Müller. What other systems integrators still require for missionary work has long since become part of CNS’s day-to-day work:

"We originally come from the classic infrastructure business, but have always worked very solution-oriented. CNS started early to monitor and manage its customers‘ systems and networks and later took over firewall and endpoint security management. Today, the cloud and security are becoming more and more inseparable and it is increasingly important for customers to have ready-to-go solution packages that give them secure access to infrastructure and applications wherever they are physically located. For service providers like us, this means working together with customers to create strategically sensible and innovative solutions in data centre operations," explains Müller.

For its IaaS and SaaS services, CNS has been using the Wortmann AG (Terra Cloud) data centres for some time now and for good reason: "We select the data centres that best suit us in terms of security and scope of services – and that do not handcuff us contractually.“

Courage for real innovation

After CNS had already successfully dealt with the provision and maintenance of individual applications (SaaS) for some time, the number of requests for which not only a specific solution should be available via the cloud, but also in a package with standard applications such as Office, increased. However, the standard billing (concurrent-use model) and access (VPN) models on the market proved to be extremely complex and inefficient to use.

"Some in the market apparently have not yet understood that managed services should increase flexibility. They continue to adhere to their licensing models, even though they may have different names today. In addition, many solutions are not really designed for managed services," says Müller’s experience. For its customer, the software manufacturer temino, CNS was therefore looking for more innovative partners and more practicable processes.

With its product ISiMap, an integrated IT basic protection (ISMS) and data protection tool (DSMS), temino primarily addresses industrial companies and municipalities. Here, the solution facilitates the work of employees who are responsible for legally compliant information security and the protection of personal data. For example, through parameterizable views on structures and risks, automated workflows and escalation mechanisms for reporting and handling security incidents. By "drag and drop", users can create information networks with assets, applications, data and building blocks, create templates (so-called profiles) from them and make these available to other municipalities, access existing catalogues of specifications and much more.

"ISiMap helps me to recognize risks for information security more quickly and to coordinate a continuous, sustainable improvement process," says Heino Reinartz, Information Security Officer (ISO) of the StädteRegion Aachen. Real improvements have been made, for example, in the coordination and monitoring of security measures: The integrated workflow can trigger control tasks automatically and interlocked – and thus provides considerable relief for the ISO and DPO (Data Protection Officer) in the administration.

Platform for digital workspaces and SaaS services of almost all kinds

A challenge for the delivery of the ISiMap from temino was the fact that there are many assets which are only accessed by very few users (1 to a maximum of 5) of the municipal customers. Their individual connection would have become too costly. "So we had something in mind like streaming in the data centre and browser-based access and so we started looking for a suitable platform.

With oneclick, everything fit – the simplicity of the subscription, the ease of use, the GDPR conformity and the billing form of a monthly flat rate per user," recalls Müller. The servicing by CNS also promised to be relatively simple: Roll out, patching, update, check – because oneclick provides the individually equipped desktops for the employees of the municipalities.

The independence from end devices that oneclick offers with its platform was for teminos business with municipalities, state offices and other public institutions "like a liberation strike", reports Jürgen Berndt, co-founder of temino and managing director of Berndt & Brungs Software GmbH in Troisdorf. The solution is now enjoying increasing popularity, especially as it allows profiles to be created and used cooperatively for a wide range of public sector information and data protection tasks (e.g. in EU elections, but also for training companies, etc.).

After the successful installation and coordination, the number of temino customers invoiced by CNS is growing continuously, a fact which Frank Müller is pleased about and which he attributes not least to the commitment of the oneclick employees. "Our technicians are enthusiastic about the quality of the cooperation. They find that oneclick’s support is a beneficial exception in the manufacturer landscape," says the CNS managing director.

Müller himself is so impressed with the Workspace Provisioning and Streaming Platform that he will integrate it into a new offering model for his customers: Managed Desktop with oneclick + Managed Infrastructure + optional Service Desk.

As head of the Cloud focus group in the ALSO Network, a systems integrator cooperation active throughout Germany, Müller announced at the last conference that he would evaluate promising platforms for managed services. In the meantime, he has identified "two highly suitable solutions for MSP models", which he will now bring closer to his colleagues in the network. One of them is oneclick™.

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Aurania announces the appointment of Tony Wood as CFO & enters into a $3 Million loan agreement with chairman and CEO

Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company” – https://www.commodity-tv.net/c/search_adv/?v=298881 ) is pleased to announce the appointment of Mr. Tony Wood as Chief Financial Officer (“CFO”) and the entering into of a loan agreement with Dr. Keith Barron.

Appointment of CFO

Aurania’s Chairman and CEO, Dr. Keith Barron commented, “Tony Wood has extensive experience in the resource sector and a proven record of success in guiding mineral exploration companies through the various stages of evolution from exploration through development to production. We appreciate Tony’s hands-on management style and welcome him to the management team that is tasked with driving Aurania’s 100%-owned, Lost Cities – Cutucu Project forward for the benefit of our shareholders, our host communities, and for Ecuador.  I would like to thank Donna McLean, our outgoing CFO, for her dedication to this Company and wish her all the best in her many and varied endeavours.”

Mr. Wood has been instrumental in achieving performance and value growth across diverse commodities, countries and market conditions. Mr. Wood’s executive experience includes oversight of finance and operations, strategic planning and organizational development of various publicly-traded exploration and development companies. Over the last 20 years, he has successfully completed close to $1billion in financing and M&A transactions in the mining industry.  

Mr. Wood has been consulting for the Company on a part-time basis since January 2019. Mr. Wood is an honours graduate, Management Sciences (Marketing) B.Sc., from the University of Lancaster, U.K., and a qualified Chartered Accountant in the UK and Canada.

Loan

The Company also announces that it has entered into a agreement with Dr. Keith Barron, the Company’s Chairman and CEO, providing for a loan of up to US$3,000,000 (the "Loan").  The Loan is unsecured, has a term of two years, bears an interest rate of 2% per annum, and is not convertible into Aurania shares.  The Loan will primarily be used to foster an opportunity to advance the Company’s exploration strategy that has arisen subsequent to the recently completed rights offering.

As a result of Dr. Barron’s position as Chairman and CEO of the Company, and his considerable shareholding in the Company, the Loan from Dr. Barron is a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Loan in reliance on sections 5.5(a) and 5.7(a), respectively, of MI 61-101, as the fair market value of the Loan does not exceed 25% of the Company’s market capitalization calculated in accordance with MI 61-101. Dr. Barron declared a conflict and recused himself from voting in respect of the Loan and the remaining directors voted unanimously to approve the Loan.  The press release and subsequent material change report are being filed less than 21 days before the closing of the Loan as the Company requires the consideration it will receive in connection with the Loan immediately.

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-.

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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Orsu Metals announces a maiden Inferred Mineral Resource at its Sergeevskoe Gold Project, Russia

Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298573) announces the results of a maiden Mineral Resource estimate for its Sergeevskoe Gold Project in Zabaikalsky Region, Russia. The Mineral Resource estimate was independently prepared by Wardell Armstrong International Ltd. ("WAI") in accordance with the guidelines of the JORC Code (2012)/CIM Definitions Standards and NI 43-101 requirements. A Technical Report covering the Mineral Resource estimate will be filed on SEDAR within 45 days of this news release.

Highlights:

  • An Inferred Mineral Resource of 25.09 million tonnes, grading 1.47 g/t gold and containing 1.19 Moz gold at a 0.5 g/t gold cut-off grade, was optimized into an open pit constrained by the license boundary at Sergeevskoe.

Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “The maiden Mineral Resource was identified by Orsu from scratch during just two years of work within approximately 900×600 m area. Orsu now has a robust understanding of the gold grade distribution at Sergeevskoe and will specifically target higher grade areas in order to improve the geostatistical parameters in the higher grade shoots and therefore the average gold grade of the system. While the gold-mineralized system is constrained by the license boundary in the east, it remains widely open westward and to the north. Furthermore, the constructed block model clearly indicates a grade increase with depth in excess of 3 g/t gold.”

Dr. Sergey V Kurzin, Executive Chairman of Orsu commented: “I would like to thank our exploration team for building a solid foundation for the Company. Given that only less than one square kilometer of Orsu’s 7.6 square kilometer property has been drilled so far, a maiden pit and license constrained resource makes an excellent start. Our recent work has generated an abundance of additional targets to be tested in 2019.”

An Inferred Mineral Resource was estimated for a large stockwork, containing 122 segments of sheeted subparallel quartz-tourmaline-sulfide veins in nine domains

The individual vein segments are separated by faults or unmineralized intervals. The most important divide is represented by the Shirotnyi Fault (Figure 1). To its south are Zone 23 West, Zone 23 Middle, Zone 23 East, Adit 5 West, and Adit 5 East domains. To the north are the Intermediate, Klyuchi West, Kozie and Peak Klyuchi domains.

From these domains, an Inferred Mineral Resource of 25.09 million tonnes, grading 1.47 g/t gold and containing 1.19 Moz gold at a 0.5 g/t gold cut-off grade, was optimized into a pit constrained by the license boundary to the east at Sergeevskoe (Table 1). Table 1 also shows sensitivity analysis of tonnage and grade within a pit constrained at different cut-off grades (“COG”) for the Sergeevskoe project, limited by the license boundary.

Table 1. Open pit Mineral Resource estimate with base case at 0.5 g/t cut off grade and sensitivity analysis of tonnage and grade at different cut-off grades for the Sergeevskoe Gold Project as at 15 April 2019.

Figures 2 and 3 show distribution of gold mineralization, constrained by the pit and the license boundary, which corresponds to the Inferred Mineral Resource estimate. Figure 3 also shows gold-mineralized blocks within a pit, unconstrained by license boundary, and beyond the pit envelopes.

GROWTH POTENTIAL

Based on the results, Orsu considers that there is a strong potential to grow the mineralization envelope at the Sergeevskoe Gold Project beyond that identified in this maiden Mineral Resource estimate. The mineralization is open both along the westward strike and downdip. In particular, there is a strong possibility to identify new mineralization at the western continuation of Klyuchi West and Intermediate domains, and only partly drill-tested mineralization in between these domains and Kozie domain. The western extension of Zone 23 remains open, with some gold mineralization recognized in historical holes and by Orsu during scout sampling at the Sergeeva prospect some 500 m west. Peak Klyuchi requires additional attention as a direct continuation of the Intermediate mineral domain. Kozie domain is also open westward, with gold mineralization intercepted in Orsu’s trench SKZTR17-11 (see Figure 1).

Of key interest for growth potential is the testing of the downdip continuation of gold mineralization in the Intermediate, Klyuchi West and Zone 23 domains, particularly due to a clear increase in gold grade (see Figures 2 and 3). The reported gold mineralization at Sergeevskoe was drill-tested to a depth of 750mRL from approximately 950-1000mRL topographic surface, whereas Klyuchevskoe gold mineralization is drill-intersected to a depth of 450-500mRL.

In addition, there are numerous occurrences of gold mineralization and geochemical/geophysical anomalies not yet tested by Orsu beyond the area of detailed works within the Company’s 7.6 square km license area of the Sergeevskoe project (see press release dated September 21, 2016).

DETAILS OF MINERAL RESOURCE ESTIMATE DATED 08 APRIL 2019

Details of Mineral Resource estimate dated 08 April 2019

The Mineral Resource estimate was prepared by WAI under the direction of Phil Newall and Andrey Tsoy. Dr Phil Newall is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"). Mineral Resources for the Sergeevskoe Gold Project have been prepared in accordance with the guidelines of the JORC Code (2012) and the 2014 CIM Definition Standards by Phil Newall, an independent Qualified Person as defined by the 2014 CIM Definition Standards. WAI has approved this written disclosure of the Mineral Resource estimate.

Data verification

The Qualified Person has verified the database the Mineral Resource estimate is based on. This verification was done by personal inspection of drill core, drill sites and trenches during site visits in 2017 and 2018, and by checking database content against primary data sources and historical information.

Exploration Information

The estimate is based on 17,300 m of diamond drilling (82 drillholes) and 5,300 m of channel sampling (39 trenches), completed during Orsu’s exploration campaign between January 2017 and October 2018. Section lines for drilling are spaced approximately 80 m apart. The vertical spacing between intersections is also typically 80 m. The central part of Zone 23 and eastern part of Klyuchi West were drilled along the section lines spaced approximately 40 m apart. Historical data are completely excluded from the mineral resource estimate.

In the opinion of the Qualified Person, the core and channel samples collected by Orsu are sufficiently accurate and reliable for use in Mineral Resource estimation, and at the time of preparing this mineral resource estimate, there are no known material data quality issues related to drilling, sampling, recovery or other factors.

Intervals identified by Orsu geologists as potentially mineralized were sampled, typically on one meter lengths. The half-core samples from drill core and channel samples from trenches were assayed in the ALS and SGS Laboratories in Chita for gold and silver, as well some pathfinder elements. Standard QA/QC protocols were followed, including analysis of duplicates and standards and check analyses by ALS and SGS Laboratories in Chita, Russia and in the Stewart Assayers Laboratories in Kara-Balta, Kyrgyzstan, all independent from Orsu. The results of this QA/QC checking will be presented in the forthcoming Technical Report.

Estimation methodology and parameters

A wireframe interpretation of gold-mineralized zones was constructed in all domains at a nominal threshold of 0.5 g/t gold. Based on the limits of the current sampling coverage, the modelled domains have a variable strike length of 300 to 600 m northwest, west-east and southwest. The wireframes were interpreted downdip for up to 300 m as supported by drilling data, but Intermediate domain veins and some others were interpreted only to a depth of some 150 m. Most zones remain open downdip and along strike to the west. The gold-mineralized zones generally dip vertically to 60 degrees, both to the north and southwest, with variable true thickness of 2 to 20 m.

The mineralization is hosted in Permian granite, Jurassic granodiorite porphyry stock and magmatic breccia, intercepted by four types of dykes (diorite porphyry, felsite, hybrid porphyry, and lamprophyre). The dykes are mineralized in their entirety or at least along the selvages. However, most hybrid and all rare lamprophyre dykes are not mineralized at all, post-dating the mineralization. Orsu dated occasional molybdenite specs from the quartz-sulfide vein at the Klyuchi West domain using the rhenium-osmium technique, which corresponded to 159.3+0.7 Ma as defined by ALS Minerals laboratory in Vancouver, Canada. The best mineralized veins were identified in the hosting granite, which is more than 100 m.y. older than gold mineralization.    

The mineralization is hosted in closely-spaced and steeply-dipping linear (sheeted) quartz veins and veinlets, forming a stockwork traced to a depth of 300 m, whereas along strike the stockwork forms three major swarms at Adit 5 (in granite and along the granodiorite porphyry dykes), Zone 23 (almost exclusively in granite) and Klyuchi West-Kozie (in granite, granodiorite porphyry stock and magmatic breccia), each traced for a distance of 400 to 900 m. The three swarms merge near the eastern license boundary forming a 500-m-wide mineralized corridor (see Figure 2).

Topography was modelled based on detailed survey performed by Orsu contractors. Drill collar locations were measured with centimetre precision.

The Mineral Resource Estimate was carried out with a 3D block modelling approach using Datamine Studio 3 software. Exploration data were imported and verified before existing geological and mineralisation envelopes were re-defined creating 3D wireframes based on appropriate cut-off grades representing the various mineralised zones seen at Sergeevskoe. Sample data were selected using the geological and mineralisation wireframes and selected samples were assessed for outliers before being composited as the basis for geostatistical study. The wireframe envelopes were used as the basis for a volumetric block model based on a parent cell size of 10m x 10m x 10m. Variogram models were constructed based on composite data and used for ordinary kriging and variogram ranges for using Inverse Power Distance squared (IPD2) as the principal estimation methodology. The resultant estimated grades were validated against the input composite data and classified in accordance with the guidelines of the JORC Code (2012)/CIM Definition Standards and based on an assessment of geological and grade continuity and assay data quality. Mineral Resources were further limited based on an expectation of eventual economic extraction by being constrained within an optimised open pit shell generated using appropriate economic and technical parameters. 

For the mineralized domains and the host rocks, a variable density value was used using the formula (Density = – 0.00072 x (Au g/t)2 + 0.1363 x (Au g/t) +2.6687) for converting volumes into tonnages, which correlate with increase in specific gravity and assayed gold values as collected and measured by Orsu. A density factor of 2.65 t/m3 was applied for the oxide material based on measurements by Orsu. A density factor of 2.0 t/m3 was assumed for the poorly consolidated overburden material, averaging 2 m in thickness. All estimated tonnes are on a dry basis. 

An oxide surface was constructed 30 m below and in parallel to the topographic surface based on average visually logged depth of oxide in drill core.

The portion of the mineralization model that met the CIM definition of a Mineral Resource ("…reasonable prospects for eventual economic extraction") was established by using NPV Scheduler software to generate a pit shell to constrain reporting of the near surface resource. The input parameters for the pit shell are shown in Table 2.

All Mineral Resources were classified as Inferred, based on the intersection spacing relative to the interpreted continuity and potential complexity of the deposit. However, some portions of Mineral Resources may formally correspond to the Indicated category, which require further constraining.

The Company is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.

Qualified Person

Alexander Yakubchuk, the Company’s Director of Exploration, Ph.D., MIMMM, a Qualified Person as defined by NI 43-101, has reviewed and approved the exploration information disclosures contained in this press release.

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.

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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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WKR Walter Austria: Start-up of another Herbold film wash line

To extend its facility in Wels, Austria, WKR Walter has chosen a complete integrated solution from HERBOLD Meckesheim GmbH, based in Meckesheim/Germany. The key component of the plant is the latest generation of HERBOLD’s VWE pre-wash system, hydrocyclone separation and a twin centrifugal drying step. WKR Walter recycles post consumer film.

The infeed of the line is baled material, sourced from Germany, based on DSD 310 spec. It provides for the efficient cleaning of the material a hydrocyclone separation step as a key requirement for the production of high-grade recyclate for manufacturing of thin-walled film . HERBOLD and WKRWalter are looking back to a long-term cooperation. All the three existing wash lines have been upgraded by HERBOLD Meckesheim GmbH with hydrocyclones in the last couple of years, having allowed WKRWalter to upgrade the quality of the washed flakes to a new level. For the first time WKRWalter is able to operate a film wash line without the need of a thermal drying unit, thanks to the efficient operation of the HERBOLD centrifuge.

The new line is designed for 10.000 t/year, WKR Walter is already discussing a further expansion.

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U.S. Gold Corp. appoints the Honorable Ryan K. Zinke, Former Secretary of Interior to the Board of Directors

.

– Former Congressman and 52nd US Secretary of the Interior for the Trump Administration

– A geologist from Montana with in-depth mining industry regulatory contacts and experience

U.S. Gold Corp. (NASDAQ: USAU – https://www.commodity-tv.net/c/search_adv/?v=298868), a gold exploration and development company, is pleased to announce that the Honorable Ryan K. Zinke has been appointed to the Board of Directors.

The Honorable Ryan Zinke was born and raised in Montana and attended the University of Oregon where he was awarded All-PAC 10 honors, the Sahlstrom Award and the prestigious Emerald Cup Award for academic, leadership and athletic achievement. He then attended US Navy Officers Candidate School and completed Navy SEAL Training in 1985 and was assigned to SEAL Team ONE. Highlights of Commander Zinke’s twenty-three-year career in Special Operations includes two tours of duty at SEAL Team SIX, Acting Commander of Special Forces in Iraq, Task Force Commander in Bosnia and Kosovo, and served as the “Dean” of Special Warfare training. He was awarded the Bronze Star for combat in Iraq and is credited with conducting 360 combat missions and the capture or kill of 72 terrorists. He retired from active duty in 2008 and was elected as a Montana State Senator and later twice elected as Montana’s sole member of the US House of Representatives. He served on the House Armed Services and Natural Resources committees. In 2016, Congressman Zinke was nominated by President Donald J. Trump and later confirmed by the US Senate to serve as the 52nd US Secretary of the Interior. As Secretary, he was a champion of restoring the voice of state and local communities in land and wildlife management decisions, established and protected wildlife corridors, budgeted for the largest investment in our Nation’s history for National Parks, increased public access for recreation and traditional use, and was the principle architect of the American Energy “Dominance” policy. After 31 years of public service, President Trump accepted his resignation in 2019. The Honorable Ryan Zinke is the author of American Commander and serves on numerous boards. He holds an MBA in Finance, an MS in Global Leadership, and a BS in Geology.

Edward Karr, President and CEO of U.S. Gold Corp., stated, "All of the Directors of U.S. Gold Corp. are thrilled to welcome the Honorable Ryan Zinke to our Board.  As the former Secretary of the Interior and a geologist, Commander Zinke has an in-depth knowledge of the governmental regulatory and permitting process for mining and exploration companies.  We look forward to his future contributions to the overall Board, technical committees and permitting assistance with our Copper King project in Wyoming.”

The Honorable Ryan Zinke commented, “I look forward to joining a winning team.  U.S. Gold Corp. has attractive exploration and development projects in two mining friendly jurisdictions of Wyoming and Nevada.  I am confident that my prior experience can add tremendous value to the company.  I am excited to work closely with management and the Board to help make mining great again in America.”

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: changes in the price of gold and mining industry cost inputs, environmental and regulatory risks,  risks faced by junior companies generally engaged in exploration activities, and other factors described 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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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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