Author: Admin

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. 

 

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: [email protected]

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: [email protected]

 

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
[email protected]

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
[email protected]

 

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: [email protected]

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

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
[email protected]
972-803-3087

Joanne Jobin, Investor Relations Officer
[email protected]
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
[email protected]
972-803-3087

Joanne Jobin, Investor Relations Officer
[email protected]
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.

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 …

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. 

 

Golden Predator Commences 2020 Drill Program at Brewery Creek Mine, Yukon

 

Exploration drilling of newly expanded porphyry-style targets and In-fill drilling along the Reserve Trend

 

Vancouver, BC, September 28^th, 2020: Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) today announces the start of its 2020 drill program at its licensed 100%-owned Brewery Creek mine project ?located approximately 55 km by road from Dawson City, Yukon.   The drill program, now underway, will consist of more than 3,000 m of exploration drilling including:

• Wide spaced exploration drilling on new large intrusive porphyry system. Two gold zones–the Classic and Lonestar Zones—have been identified by outcrop, geophysics, surface sampling and previous drilling which was limited to road access along the western margin.  This intrusive has a surface expression in excess of 20km². Initial column leach tests have indicated that this intrusive-hosted mineralization is leachable to at least 200 m in depth.  
• In-fill drilling within a 400 m gap between the Lucky resource area and the Keg resource to increase the density of 2019 drilling, confirm continuity of mineralization between the two deposits and increase resources.  The goal is to incorporate the Lucky resource into the much larger Keg pit shell for mine planning now in progress as a part of the Brewery Creek Bankable Feasibility Study (BFS). 

Brewery Creek maps and a 3D video of resource areas can be viewed at: https://www.youtube.com/watch?v=B29GzHd-3kA  and https://www.goldenpredator.com/_resources/news/GPY-NR20-26-Brewery-Creek-2020-Drilling-Commences-Maps.pdf 

 

2020 Exploration Drilling of New Large-Scale Targets – Classic and Lonestar Zone

The drill program, in newly defined extensions of the Classic/Lonestar porphyry-style intrusive, consists of step-outs approximately 1 km or more from existing drilling at the Classic and Lonestar areas.  These holes will be targeted based on 2019 surface sampling and earlier geophysical studies. 

The Classic Zone is a near surface bulk tonnage target that lies approximately 3 km south of the Brewery Creek Reserve Trend. Together with the more recently discovered Lonestar zone, the Classic Zone demonstrates the discovery potential of the entire southern portion of the large Brewery Creek Property where a large syenite intrusion hosts gold mineralization primarily in sheeted quartz/carbonate/pyrite veins and as fine-grained disseminations. Initial column leach tests have indicated that this intrusive hosted mineralization is leachable to at least a 200m depth. This mineralization is clearly a separate younger mineralizing event not associated with the quartz monzonite thrust-hosted mineralization historically exploited in the Reserve Trend which is the subject of the ongoing BFS.

Significant Classic Zone intercepts from previous drilling include:

• 30.5 m of 0.84 g/t gold from a depth of 35.1 m;
• 41.2 m of 1.04 g/t gold from a depth of 131.1 m including 3.1 m of 4.25 g/t gold;
• 33.5 m of 0.95 g/t gold from a depth of 99.1 m including 6.1 m of 3.20 g/t gold;
• 200.0 m of 0.38 g/t gold from surface including 10.0 m of 1.10 g/t gold and 38.0 m of 0.90 g/t gold and 19.8 m of 0.71 g/t gold from a depth of 260.6 m;
• 148.0 m of 0.32 g/t gold from a depth of 2.0 m; and
• 134.0 m of 0.34 g/t gold from surface, including 22.0 m of 0.80 g/t gold

The Lonestar mineralized area lies southeast of, and adjacent to, the Classic Zone.  Three styles of mineralization occur at Lonestar; gold in skarns, disseminated gold in intrusive rocks, and gold-bearing sheeted quartz veins. 

Significant intercepts from previous drilling include:

• 32.0 m of
  0.81 g/t gold from a depth of 172.2 m;
• 10.7 m of 1.14 g/t gold from a depth of 25.9 m, and 21.3 m of 2.24 g/t gold from 166.1 m;
• 27.4 m of 1.24 g/t gold from a depth of 1.5 m; and
• 93.0 m of 0.27 g/t gold from the surface.

“We are excited to be exploring these new targets which have the potential to make large additions to our mineral inventory very rapidly. Based on our knowledge of the Classic and Lonestar zones, this porphyry-style system has the advantages of near-surface expression and extensive oxidation when compared to many similar targets attracting attention in the Golden Triangle of BC,” said Golden Predator President Janet Lee-Sheriff.

Keg and Lucky Pitshells – In-fill Drilling

Golden Predator’s successful 2019 program established continuity of mineralization within the licensed Reserve Trend between the eastern edge of the Keg pitshell (formerly the Canadian-Fosters-Kokanee-Golden pits) east to the Lucky pit. We now plan to complete this work with approximately 25 reverse circulation drill holes designed to bring the Lucky pit into the Keg pit. The recent Mineral Resource Estimate Report recommended additional in-fill drilling in this area as a priority item to expand the eastern margin of the Keg pit another 1,000 m along strike to encompass both the gap area and the Lucky resource area. These holes are currently underway to incorporate into the BFS.

Metallurgical Drilling

In addition, approximately 700 m of large diameter (PQ) core drilling will be conducted to obtain samples for further metallurgical testing at the Keg (Canadian-Fosters-Kokanee-Golden) and Lucky zones.  The core samples will be used to conduct additional column leach tests at a coarser crush size of approximately ¾” versus previous test work conducted at 3/8” crush size ) at Kokanee, Golden and Lucky.  These column tests are being conducted to confirm the recent results of column leach tests run at various crush sizes on material from the historic heap leach pad where the data showed slightly better recoveries of gold in solution for the coarser ¾” crush size.  These tests will also be included in the BFS currently underway.

Both phases of the program commenced on September 22 and are expected to be completed by the end of October. 

Brewery Creek Mine: Resources¹

Materials on the heap leach pad were not included in the resource update.

Mineral Resources estimates conducted within a pit shell developed at $2000/oz gold with an internal cut-off grade calculated at $1500/oz gold was used to report mineral resource inventories

The resource estimate is based on a recovery model created from assay data, bottle and column leach test work and historic recovery analysis instead of a less accurate visual oxide-sulfide boundary developed from geologist drill logs. Sedimentary and intrusive rocks, which have distinct metallurgical characteristics, were estimated separately based on gold-grade distribution analysis.

The current 2020 Mineral Resources Estimate supersedes the 2019 Mineral Resource Estimate. A supporting NI 43-101 Technical Report will be filed on SEDAR at www.sedar.com. The Company intends to host a conference call with a Q&A session upon public filing of the Report.

Brewery Creek Mine Work Plan

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek is authorized to restart mining activities as defined within the Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits when supported by an independent study that outlines technical and economic viability. The 180 km² property is located 55 km east of Dawson City and is accessible year-round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing operating licenses.

A Bankable Feasibility Study (BFS) is being conducted by Kappes Cassiday & Associates of Reno, Nevada  which will include a multi-year mine plan for the advancement of the Brewery Creek project.   The BFS will include an inventory of the mineralized material remaining on the heap and mine planning (completed by Tetra Tech Inc of Golden, Colorado) for the resumption of the mining of material from leachable resources contained within the licensed area and reported in the Company’s Mineral Resource Estimate. The BFS will include all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing facility, the Adsorption-Desorption-Recovery (“ADR”) plant and assay lab and an implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of a study demonstrating positive technical and economic viability.

The technical content of this news release has been reviewed and approved by Michael Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Chief Operating Officer.

About Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold the Company is completing a Bankable Feasibility Study for  the  restart of heap leach operations. The Brewery Creek Mine project operates with a Socio Economic Accord with the Tr’ondëk Hwëch’in First Nation.

 

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
[email protected]

www.goldenpredator.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the Brewery Creek will advance to an early production decision, or the extent of any additional mineral resource that could result from incorporating 2019 exploration drilling. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward looking information should circumstances or management’s estimates or opinions change.

1. The 2020 Mineral Resource Estimate was conducted in accordance with CIM guidelines and is reported in a NI 43-101 Technical Report which will be filed on SEDAR and the Company’s website within 45 days.