Month: September 2020

Wednesday, September 30, 2020

Ely Gold Royalties (ELYGF)(ELY:CA)

Purchase of Royalty Would Provide Exposure to Cote Gold Project in Ontario

As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Proposed acquisition of the Watershed Royalty. Ely Gold Royalties agreed to purchase a 1% net smelter returns royalty on mining claims in Ontario, Canada from Sanatana Resources Inc. (TSXV, STA, Not Rated). The Watershed Royalty surrounds the Cote Gold Project which is a joint venture between IAMGOLD (NYSE, IAG, Not Rated) and Sumitomo Metal Mining Company. Consideration includes C$2.5 million in cash and 1 million Ely Gold warrants with an approximate value of C$500 thousand.


Transaction contingencies.  Completion of the royalty sale is subject to: 1) receipt by Sanatana of a waiver from IAMGOLD of its right of first refusal (ROFR), 2) negotiation of a definitive agreement, and 3) approval of the TSX Venture Exchange (TSXV). In the event IAMGOLD exercises the ROFR, Sanatana will pay a break-up fee of C$500 thousand to Ely Gold …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Announces Town Hall Webinar

 

Vancouver, British Columbia – September 29, 2020– Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) (“Ely Gold” or the “Company“) is pleased to announce that it will be conducting a Town Hall Webinar on Monday, October 1, 2020, at 11:00 am EST.

Trey Wasser, President and CEO, will update shareholders on recent Ely Gold transactions, its Key Assets and the importance of its focus on North America and the Company’s growth strategy to become a premier gold royalty company.

The Webinar will be interactive and will be hosted by Follow the Money Investment Group. All stakeholders and interested investors are welcome to tune in and participate with questions. The playback will then be available on the Company’s website.

To participate in the Town Hall Webinar please register here: https://www.bigmarker.com/ftmig1/Ely-Gold-Royalties-Town-Hall3-2020-10-01-11-00-am?utm_bmcr_source=elynr

 

About Ely Gold Royalties Inc.

Ely Gold Royalties Inc. is a Nevada focused gold royalty company. Its current portfolio includes royalties on the Jerritt Canyon, Goldstrike and Marigold, three of Nevada’s largest gold mines, as well as the Fenelon mine in Quebec, operated by Wallbridge Mining. The Company continues to actively seek opportunities to purchase producing or near-term producing royalties. Ely Gold also generates development royalties through property sales on projects that are located at or near producing mines. Management believes that due to the Company’s ability to locate and purchase third-party royalties, its strategy of organically creating royalties and its gold focus, Ely Gold offers shareholders a favourable leverage to gold prices and low-cost access to long-term gold royalties in safe mining jurisdictions.

 

About Follow the Money Investment Group

Follow the Money Investor Group is an investor focused digital marketing company that provides the content and information needed for investors to navigate the ever-changing capital markets. Our global community uses our platform to discuss and collaborate daily on all facets of their current and potential investments. Our goal is to help retail investors make the right financial decisions that fit their individual needs.

On Behalf of the Board of Directors

Trey Wasser, President & CEO

 

For further information, please contact:

Trey Wasser, President & CEO
trey@elygoldinc.com
972-803-3087

Joanne Jobin, Investor Relations Officer
jjobin@elygoldinc.com
647-964-0292

Ely Gold Royalties Purchases Coté Project Gold Royalty, Ontario Canada

 

Vancouver, British Columbia – September 29, 2020– Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) (“Ely Gold” or the “Company“) has agreed to purchase, a 1% net smelter returns royalty (the “
Watershed Royalty”) from Sanatana Resources Inc. (TSX-V:STA) (“Sanatana”).

The Watershed Royalty was granted to Sanatana in connection with an Asset Purchase Agreement between the Company and Trelawney Augen Acquisition Corp., now IAMGOLD Corporation (“IAMGOLD”), dated January 12, 2016, (the “Purchase Agreement”) whereby IAMGOLD acquired a 100% interest in 46 mining claims in Chester and Yeo Counties, Ontario (the “Watershed Property”). The Watershed Property surrounds the Coté Gold Project which is a joint venture between IAMGOLD and Sumitomo Metal Mining Company. Part of the Watershed Claims are included in the November 1, 2018 Feasibility Study and the balance of the claims completely surround the Coté Gold Project. (see Figure 1)

The Transaction

Sanatana will sell the Watershed Royalty to Ely Gold for total consideration of $3,000,000 to be comprised of $2,500,000 in cash and 1,000,000 Ely Gold warrants (the “Ely Warrants”) with an approximate value of $500,000. The Ely Warrants have a five-year term and will have an exercise price of C$1.31. Securities issued under the Ely Warrants will be subject to a four-month hold period. The completion of the Royalty Sale is subject to: (i) receipt by Sanatana of a waiver from IAMGOLD of its right of first refusal as provided in Watershed Royalty (“ROFR”); (ii) the negotiation of a definitive agreement; and (iii) applicable approval of the TSX Venture Exchange (the “TSX-V”). The parties have also agreed to a 90-day period of exclusivity with respect to this Transaction. In the event IAMGOLD exercises the ROFR, Sanatana will pay a break fee of $500,000 to Ely Gold.

Purchase Agreement Assignment

Sanatana and Ely Gold have also signed a term sheet (the “Term Sheet”) whereby Sanatana has agreed to (i) assign its rights and interest in the Purchase Agreement to Ely Gold (the “Assignment”) for $10,000, and (ii) Ely Gold will participate for $500,000 in Sanatana common shares (the “Common Shares”) through a non-brokered private placement (the “Private Placement”).

The Purchase Agreement provides for certain deferred payments as follows:

1. $1,500,000 upon a production decision by IAMGOLD on the Watershed Property; an
2. $1,500,000 upon the commencement of commercial production by IAMGOLD on the Watershed Property (together, the “Deferred Payments”)

In the event that IAMGOLD exercises the ROFR and either of the Deferred Payments are made to Ely Gold, it will pay 50% of any such Deferred Payments to Sanatana.

Private Placement
In connection with the Assignment, Sanatana is announcing a non-brokered private placement (the “Private Placement”) of $500,000 in Sanatana common shares (the “Common Shares”) to be purchased by Ely Gold at a price of C$0.30 per Common Share. The proceeds from the Private Placement are expected to be used by the Company for a drone based magnetic survey and an initial drilling program at the Gold Rush property. Securities issued under the Private Placement will be subject to a four-month hold period which will expire four months and one day from the date of closing of the Private Placement.

The completion of the Assignment and the Private Placement are subject to the negotiation of definitive transaction documentation and applicable approvals from the TSXV.

Qualified Person
Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release.

About Ely Gold Royalties Inc.

Ely Gold Royalties Inc. is a Nevada focused gold royalty company. Its current portfolio includes royalties on the Jerritt Canyon, Goldstrike and Marigold, three of Nevada’s largest gold mines, as well as the Fenelon mine in Quebec, operated by Wallbridge Mining. The Company continues to actively seek opportunities to purchase producing or near-term producing royalties. Ely Gold also generates development royalties through property sales on projects that are located at or near producing mines. Management believes that due to the Company’s ability to locate and purchase third-party royalties, its strategy of organically creating royalties and its gold focus, Ely Gold offers shareholders a favourable leverage to gold prices and low-cost access to long-term gold royalties in safe mining jurisdictions.

On Behalf of the Board of Directors

Trey Wasser, President & CEO

 

For further information, please contact:

Trey Wasser, President & CEO
trey@elygoldinc.com
972-803-3087

Joanne Jobin, Investor Relations Officer
jjobin@elygoldinc.com
647-964-0292

 

FORWARD-LOOKING CAUTIONS: This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, including, but not limited to, statements regarding completion of the Transaction. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the Company’s inability to control whether the buy-down right will ever be exercised, and whether the right of first refusal will ever be triggered, uncertainty as to whether any mining will occur on the property covered by the Probe Royalty such that the Company will receive any payment therefrom, and the general risks and uncertainties relating to the mineral exploration, development and production business. The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effect.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Palladium One Major Discovery Increases Kaukua South Mineralized Strike Length Six-Fold From 600 M to 4 Km

 

Key highlights:

• 11 successful discovery holes were drilled on the Kaukua South extension—each contain magmatic sulphide mineralization, and rush assay results are pending.
• Major discovery increases mineralized strike length from 600 m to 4 km at Kaukua South.
• Drilling validates potential to significantly increase existing NI 43-101 pit constrained resources and confirms the Kaukua South Induced Polarization (“IP”) chargeability anomaly is the result of magmatic sulfides.
• Due to near surface mineralization, more holes than planned were drilled, enabling modelling of potential tonnages across the four-kilometer mineralized strike length of Kaukua South.
• The width (drilled core length) of mineralized intercepts ranges from 15 m to 100 m.
• Palladium is more valuable than gold and has a range-bound price approximately US$400 per ounce higher than gold.

September 29, 2020 – Vancouver, British Columbia – Palladium One Mining Inc. (TSX-V:
PDM, FRA: 7N11, OTC: NKORF) (the “Company” or “Palladium One”). Initial visual results from the resumed diamond drill exploration program at the LK Project in Finland demonstrate that Kaukua South is comprised of the same host rocks and indicates that it is the fault displaced extension of the Kaukua Deposit.

Multiple discoveries of magmatic sulfide mineralization have been outlined, and preliminary indications are that Kaukua South could be several times the size of the NI 43-101 Kaukua Open Pit Resource. That resource currently has 526,000 ounces of palladium equivalent ounces at 1.8 g/t in the indicated category and 636,000 ounces of palladium equivalent ounces at 1.5 g/t in the inferred category.

“We are very excited to report this major new discovery, and are
processing assays on a rush basis,” said Derrick Weyrauch, President and Chief Executive Officer.

”The Kaukua South strike extension is exceptionally significant
because it has shallow disseminated sulfide mineralization the same as Kaukua
and points to the footprint of a large-scale mineral system,” said Dr. Peter C.
Lightfoot, one of Palladium One Mining’s directors and a globally recognized
expert in magmatic precious metal and nickel-copper-cobalt sulphide ore
deposits. Dr. Lightfoot also stated, “LK is shaping up to potentially be the
largest palladium dominant open pit project in a best in class mining
jurisdiction, globally.”

“Advanced planning for a Phase II resource definition drill
program is underway, we will drill on a 100-meter spaced grid along the
four-kilometer mineralized strike extent of Kaukua South.” stated Derrick Weyrauch

Investor Update Webinar

Please join Derrick Weyrauch, CEO, and Neil Pettigrew, Vice President Exploration on October 1, 2020 at 10:00 AM Eastern Time (US and Canada), 4:00 PM (GMT+2) to discuss the interim results from the Company’s Phase I exploration drilling program in the Greater Kaukua Area.

Date: October 1, 2020
Time: 10:00 AM Eastern Time (US and Canada), 4:00 PM (GMT+2)
Registration link: https://primetime.bluejeans.com/a2m/register/gfryyqah

After registering, you will receive a confirmation email containing information about joining the webinar. Questions may be asked during the webinar orally or via the webinar chat function. A replay will be made available on the Palladium One Mining Inc. website at http://www.palladiumoneinc.com

Summary:

• Drilling has extended magmatic sulfide mineralization in Kaukua South more than 3 km east of hole LK20-006 which returned 63.4 m at 1.88 g/t palladium equivalent (Pd_Eq)*, within 166.7m @ 1.16 g/t Pd_Eq (see news release dated August 11, 2020 ). Historic drilling returned 33 m at 1.9 g/t Pd_Eq (KAU-08-035) 600 m west of LK20-006, thereby demonstrating a
  mineralized strike length of approximately 4 km (Figure 1).
• 11 holes were drilled on the Kaukua South IP chargeability anomaly (see news release dated August 10, 2020) during the resumed drill program, all of which intersected magmatic sulfide mineralization (Figures 1, 2, 3, 4, and 5).
• Step out drilling, consisting of five sections
  with at least two holes per section, indicates Kaukua South shallows
  and comes to surface, along the three-kilometer extension.
• Disseminated to blebby (1-5%) magmatic sulfides consisting of chalcopyrite and pyrrhotite with local veins of remobilized massive sulfide occur within intercepts ranging from 15 m to
  100 m (drilled core length).
• Sulphide mineralization and variable- to chaotic-textured mafic-ultramafic rock types are the same as the host rocks at the Kaukua Open Pit NI 43-101 deposit. Kaukua South is now interpreted to be the fault displaced extension of the Kaukua Deposit. The average true-width mineralized core at Kaukua is approximately 30 m, and preliminary indications suggest that similar core mineralized true-widths also occur in Kaukua South.

* Palladium equivalent

Palladium equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne for copper, and US$15,4332 per tonne for nickel.

Phase 1 Drill Program Update

The Company continues to log and sample the drill core from the recently completed drilling program. Fourteen holes totalling 2,566 m were completed during the resumed program in August and September, bringing the total Phase I exploration drilling program to 26 holes totalling 4,490 m. First assay results are expected with in the next few weeks and will be released as they are received.

Figure 1

This figure shows the greater Kaukua Area, the NI 43-101 compliant Kaukua Open Pit deposit, Murtolampi and Kaukua South zones. The new drill defined three-kilometer eastern extension of the Kaukua South zone is shown with the resumed Phase I drill holes labelled in red.

 

Figure 2

Kaukua South extension chalcopyrite-rich magmatic sulfide from 6 different holes from the resumed Phase I exploration drill program. Pictures A, B, C & D are typical Kaukua-type disseminated to blebby chalcopyrite-pyrrhotite magmatic sulfides, ranging from 1-5% averaging around 2%, hosted in gabbroic and pyroxenitic rocks. Pictures D and E are remobilized magmatic sulfides, which can occur as massive chalcopyrite-rich veins.

 

 

Figure 3

Kaukua South Long section showing the greater than 1% magmatic sulphide isoshell derived from visual inspection of down hole percent sulfide from drill logs. Resumed Phase I diamond drill holes are labelled in red.

 

Figure 4

Kaukua South Long section showing IP Chargeability isoshells and down hole logged sulfide percentages, resumed Phase I drill holes labelled in red.

 

Figure 5

Kaukua South cross section, looking west showing holes LK20-017, 18 and 22 with down hole visual sulfide percentages.

 

QA/QC

The Phase I drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored indoors in a secure facility, in Taivalkoski, Finland. The drill core samples were transported by courier from the Company’s core handling facility in Taivalkoski, Finland, to ALS Global (“ALS”) laboratory in Outokumpu, Finland. ALS, is an accredited lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-AES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.25 grams with an ICP-AES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance at the time of import. All standards associated with the results in this press release were determined to be acceptable within the defined limits of the standard used

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. is an exploration and development company targeting district scale, platinum-group-element-copper-nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium-dominant platinum group element-copper-nickel project in north central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD

“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

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

 

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

 

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements

 

Comstock Mining Announces Participation in Noble Capital Markets Virtual Road Show Series

 

Virginia City, NV (September 29, 2020) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced today its participation in Noble Capital Markets’ Virtual Road Show Series, presented by Channelchek, scheduled for this Thursday, October 1, 2020, at 10 AM PDT / 1 PM EDT.

The virtual road show will feature a corporate presentation from Comstock Mining’s Executive Chairman and CEO, Corrado De Gasperis, followed by a Q & A session facilitated by Noble Senior Research Analyst Mark Reichman, including questions submitted by the audience.

There is no charge for this live broadcast of the virtual road show, but limited to the first 100 registrants.

Register Here.

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining that is currently commercializing environment-enhancing, precious-metal-based technologies, products and processes for precious metal recovery. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The Company’s goal is to grow per-share value by commercializing environment-enhancing, precious-metal-based products and processes that generate predictable cash flow (throughput) and increase the long-term enterprise value of our northern Nevada based platform.

About Noble Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 36 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek

Channelchek (.com) is a comprehensive investor-centric portal – featuring more than 6,000 emerging growth companies – that provides advanced market data, independent research, balanced news, video webcasts, exclusive c-suite interviews, and access to virtual road shows. The site is available to the public at every level without cost or obligation. Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. www.channelchek.com email: contact@channelchek.com

 

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; the possible redemption of debentures and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

 

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

 

Contact information

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
degasperis@comstockmining.com

Comstock Mining Inc.
1200 American Flat Rd
PO Box 1118
Virginia City, NV 89440
http://www.comstockmining.com

Zach Spencer
Director of External Relations
Tel (775) 847-5272 ext.151
questions@comstockmining.com

Tuesday, September 29, 2020

Golden Predator Mining (NTGSF)(GPY:CA)

Drilling Program Begins; Feasibility Study Expected in Q1-21

Golden Predator Mining Corp is a Canada based exploration stage company engaged in the business of acquiring and exploring mineral properties. It owns properties primarily in Yukon, Canada. Some of the company’s projects located in Yukon are the 3 Aces, Sprogge, Reef, Brewery Creek, Marg, Sonora Gulch, Grew Creek, Upper Hyland and others.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling program begins. Golden Predator has commenced a 3,000-meter reverse circulation drilling program, along with a 1,000-meter metallurgical core drilling program. Drilling started on September 22 and is expected to be complete by the end of October. While a recent updated technical report confirmed the efficacy of combining four deposits (Canadian, Fosters, Golden and Kokanee) into one elongated pit now named “Keg”, drilling will focus on connecting these four with a fifth deposit known as Lucky. Core drilling samples will be used in leach column tests to confirm whether a coarser crush size results in better recoveries of gold.


Bankable feasibility study (BFS) expected in Q1-21.  A BFS is being completed by Kappes Cassiday & Associates and will include a multi-year mine plan for the advancement of the Brewery Creek project. The BFS will include an inventory of material on the heap to be re-processed and a plan to resume mining of material from leachable resources contained within the licensed area and reported in …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Monday, September 28, 2020

Aurania Resources (AUIAF)(ARU:CA)

Tiria-Shimpia Emerges As a High Priority Epithermal Target

As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Aurania Resources Ltd. is a Canada-based junior mining 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 in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling is underway at Tsenken N2. Drilling commenced on the Tsenken N2 copper-silver target on September 13 using a man-portable rig to test both porphyry copper targets as well as sedimentary-hosted copper-silver deposits. Tsenken 2 is the first of 5 targets to be drilled at Tsenken. After drilling three to five holes at Tsenken N2, the rig will be moved to test the Tsenken N3 target. Results could be available in late October or early November. Other targets at Tsenken include N4, N1 and B and are expected to be drilled in that order.


Tiria-Shimpia is a high-priority epithermal target.  Soil sampling has defined four main zones of silver that total 15 kilometers in length. Soil sampling at Tiria-Shimpia defined a large mineralized system that covers an area 75 square kilometers on the margin of a large magnetic feature that is interpreted to be a porphyry cluster. The silver zone lies in the central part of an area that contains …

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.