Palladium One Drills 48 Meters @ 2.2 g/t within 116 Meters @ 1.2 g/t Palladium Equivalent at Haukiaho Trend, Finland

Posted on June 1, 2021 by Admin

Palladium One Drills 48 Meters @ 2.2 g/t within 116 Meters @ 1.2 g/t Palladium Equivalent at Haukiaho Trend, Finland

June 1, 2021 – Toronto, Ontario – Final drill results from the Company’s 2,000-meter drill program at the Haukiaho Trend, a distinct zone approximately 20 kilometers south of the Company’s primary target area Kaukua South, have returned significant widths and grades, including 48 meters at 2.2 g/t Palladium-equivalent (“Pd_Eq”) with a wider 116 meters zone grading 1.2 g/t Pd_Eq (Hole LK21-074), on the Läntinen Koillismaa (“LK”) PGE-Ni-Cu project in Finland, said Palladium One Mining Inc. (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

A total of 12 holes (1,943 metres) were drilled on the Haukiaho trend. This release contains the results from the final 5 holes of this program. The drilling was designed establish sufficient drill density to prepare a National Instrument 43-101 resource estimate at Haukiaho.

“The final batch of Haukiaho results is highly encouraging, not only has it filled in a key 200m gap in the historic resource drilling but also found average grades and widths above those of the historical resource estimate. These latest results also extended the core Haukiaho zone to the east and into a second large IP anomaly that was delineated in 2020. This extension indicates substantial near-term upside at Haukiaho.” Said Derrick Weyrauch, President and CEO.

Highlights

A 200m gap in the middle of the Haukiaho historic resource has been infilled and found to contain above average grades and widths (Figure 3.)
Holes LK21-077 and 078 located, 50 and 100 meters east of the historic resource indicate strong mineralization continues to the east in the Central Drill Target area (Figure 2.)
116.0 meters grading 1.20 g/t Pd_Eq in hole LK21-074 starting 99 meters down hole
- Including 48.5 meters grading 2.15 g/t Pd_Eq
- Including 7.3 meters grading 3.09 g/t Pd_Eq
70.3 meters grading 1.11 g/t Pd_Eq in hole LK21-075 starting 12 meters down hole
- including 23.2 meters grading 1.84 g/t Pd_Eq
- Including 4.5 meters grading 3.26 g/t Pd_Eq
43.0 meters grading 1.27 g/t Pd_Eq in hole LK21-077 starting 5 meters down hole
- including 14.5 meters grading 2.01 g/t Pd_Eq
39.2 meters grading 1.63 g/t Pd_Eq in hole LK21-078 starting 144 meters down hole
- including 11.6 meters grading 2.73 g/t Pd_Eq
The historic Haukiaho resource is shallowly drilled, mostly above 200m below surface and very amendable to open pit extraction methods.

Haukiaho Historic Resource Estimate

In the 1980’s, Outokumpu (a Finnish State-run mining company) prepared a resource estimate using very widely spaced holes along much of the Haukiaho trend, which estimated 7 million tonnes grading 0.38% Cu and 0.24% Ni, however importantly, no PGE assays were undertaken. The cut-off grade used was a 0.7% Copper_equivalent (defined as Cu% + 2 x Ni%).

Subsequently, in 2013, Finore Mining Inc. completed a non-pit constrained NI43-101 historic resource estimate, over a much smaller strike length. This resource encompassed widely spaced drilling with a focus on maximizing tonnage, not grade. Using a 0.1 g/t Pd cut-off, they estimated a resource of 1.13 million Pd_Eq ounces within 23.2 million tonnes grading 1.51 g/t Pd_Eq* (0.31 g/t Pd, 0.12g/t Pt, 0.10 g/t Au, 0.21% Cu, and 0.14% Ni) (See news release August 12, 2019 and May 7, 2020). For comparison purposes using recent spot prices the historic Haukiaho resource has a Pd_Eq** grade of 0.97g/t Pd or 1.37g/t Au_Eq** grade.

The Haukiaho trend is 17 kilometers long and the historic 2013 Haukiaho resource prepared by Finore only covers less than 2 kilometers of this trend. This knowledge coupled with the historic work by Outokumpu point to the enormous potential to significantly add resources at Haukiaho with disciplined execution of exploration activities.

While similar to the Kaukua deposit (See new release, September 30, 2019), the Haukiahio trend is more copper-nickel rich. At Kaukua, approximately ~1/3 of the in-situ value per tonne is copper-nickel, while at Haukiaho copper-nickel represent approximately ~2/3s of the in-situ value.

Figure 1. LK Project location map showing 43-101 compliant Kaukua deposit and historic Haukiaho resource along with 2020 IP grids (blue lines) and current 2021 IP grid areas (black boxes). Yellow lines represent Exploration Permits, red lines represent Exploration Reservations held by the Company.

Figure 2. Plan map of Haukiaho 2020 IP chargeability anomalies, drill target areas and 2020 & 2021 DDH locations.

Figure 3. Plan map of the Haukiaho historic 2013 Finore resource estimate represented by the 0.5g/t Pd_Eq shape with Palladium One drill holes labelled.

Figure 4. Haukiaho Cross section showing holes LK21-074, and 1960’s era Outokumpu hole R614 which was incompletely sampled and was not analysed for PGEs.

Table 1: Palladium One Haukiaho drill results

Hole	From (m)	To (m)	Width (m)	Pd_Eq g/t*	Spot Pd_Eq g/t**	Spot Au_Eq g/t**	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %
*LK20-008*	*17.3*	*33.5*	*16.2*	*1.99*	1.25	1.78	*0.38*	*0.15*	*0.14*	*0.26*	*0.20*
Inc.	20.3	23.3	3.0	2.55	1.61	2.29	0.48	0.19	0.22	0.33	0.25
*LK20-009*	161.5	168.1	6.6	2.34	1.47	2.09	0.47	0.20	0.13	0.26	0.25
*LK20-010*	118.7	202.0	83.3	1.27	0.78	1.10	0.24	0.09	0.05	0.12	0.16
*Inc.*	*166.8*	*201.0*	*34.3*	*2.09*	1.33	1.89	*0.47*	*0.20*	*0.10*	*0.20*	*0.22*
Inc.	167.8	173.0	5.3	3.08	1.97	2.80	0.66	0.25	0.20	0.38	0.30
*LK21-067*	No Significant values (collared in footwall rocks)
*LK21-068*	81.5	122.0	40.6	0.65	0.35	0.50	0.05	0.02	0.02	0.04	0.11
Inc.	106.2	120.0	13.9	0.80	0.47	0.67	0.12	0.05	0.02	0.06	0.12
Inc.	106.2	112.7	6.6	0.91	0.54	0.76	0.13	0.05	0.03	0.09	0.13
*LK21-069*	*48.5*	*64.1*	*15.7*	*2.26*	*1.44*	*2.05*	*0.47*	*0.18*	*0.18*	*0.27*	*0.22*
Inc.	48.5	60.0	11.6	2.53	1.61	2.28	0.52	0.19	0.18	0.30	0.25
Inc.	48.5	52.0	3.6	3.11	1.96	2.78	0.60	0.22	0.23	0.37	0.32
*LK21-070*	103.5	131.0	27.5	0.65	0.33	0.47	0.01	0.00	0.02	0.04	0.12
Inc.	113.0	119.0	6.0	0.83	0.44	0.62	0.02	0.00	0.04	0.09	0.14
*LK21-071*	*55.8*	*128.0*	*72.2*	*1.79*	*1.14*	*1.62*	*0.37*	*0.15*	*0.14*	*0.22*	*0.17*
Inc.	72.0	77.0	5.0	2.33	1.50	2.14	0.53	0.21	0.18	0.27	0.22
Inc.	74.0	75.5	1.5	3.20	2.08	2.96	0.75	0.29	0.23	0.39	0.29
And	86.2	94.0	7.8	2.74	1.73	2.45	0.53	0.21	0.23	0.32	0.27
*And*	*111.0*	*128.0*	*17.0*	*2.23*	*1.46*	*2.07*	*0.53*	*0.21*	*0.18*	*0.28*	*0.18*
Inc.	112.5	118.0	5.5	2.84	1.85	2.62	0.64	0.25	0.23	0.36	0.25
*LK21-072*	No Significant values (ended before zone)
*LK21-073*	75.8	127.0	51.2	1.07	0.64	0.90	0.15	0.06	0.06	0.13	0.13
*Inc.*	*90.0*	*113.1*	*23.1*	*1.51*	*0.94*	*1.33*	*0.25*	*0.10*	*0.10*	*0.21*	*0.16*
*Inc.*	*90.8*	*99.9*	*9.1*	*2.10*	*1.31*	*1.86*	*0.37*	*0.15*	*0.16*	*0.27*	*0.21*
Inc.	98.0	99.0	1.0	3.21	2.04	2.90	0.61	0.27	0.29	0.47	0.28
LK21-074	99.0	215.0	116.0	1.20	0.75	1.06	0.23	0.09	0.07	0.14	0.13
Inc.	113.6	162.0	48.5	2.15	1.36	1.94	0.44	0.17	0.13	0.25	0.22
Inc.	115.8	137.7	21.9	2.50	1.57	2.24	0.49	0.19	0.18	0.30	0.25
Inc.	130.3	137.7	7.3	3.09	1.94	2.75	0.59	0.23	0.21	0.38	0.32
Inc.	130.3	132.3	1.9	4.66	2.89	4.11	0.86	0.34	0.33	0.50	0.51
LK21-075	11.7	82.0	70.3	1.11	0.66	0.94	0.15	0.06	0.06	0.13	0.14
Inc.	43.3	80.2	36.9	1.52	0.95	1.35	0.26	0.11	0.11	0.21	0.16
Inc.	43.3	66.5	23.2	1.84	1.15	1.63	0.32	0.13	0.14	0.25	0.18
Inc.	43.3	53.5	10.2	2.41	1.51	2.14	0.42	0.17	0.19	0.33	0.24
Inc.	49.0	53.5	4.5	3.26	2.05	2.92	0.61	0.24	0.26	0.44	0.32
Inc.	50.5	52.0	1.5	3.97	2.50	3.55	0.73	0.29	0.33	0.53	0.38
LK21-076	167.0	208.0	41.0	1.17	0.71	1.00	0.18	0.07	0.08	0.13	0.14
Inc.	184.3	200.0	15.7	2.16	1.36	1.93	0.40	0.15	0.20	0.28	0.21
Inc.	185.5	191.5	6.0	3.01	1.90	2.70	0.56	0.21	0.32	0.39	0.28
LK21-077	5.0	48.0	43.0	1.27	0.79	1.13	0.23	0.10	0.06	0.17	0.14
Inc.	9.5	44.0	34.5	1.39	0.87	1.24	0.25	0.11	0.07	0.19	0.15
Inc.	11.0	25.5	14.5	2.01	1.25	1.77	0.34	0.15	0.12	0.28	0.21
Inc.	19.4	21.0	1.6	3.13	1.95	2.77	0.55	0.26	0.20	0.42	0.32
LK21-078	123.9	183.0	59.1	1.30	0.78	1.11	0.20	0.08	0.09	0.14	0.16
Inc.	143.8	183.0	39.2	1.63	1.01	1.44	0.29	0.13	0.13	0.20	0.17
Inc.	143.8	155.5	11.6	2.73	1.71	2.43	0.52	0.22	0.17	0.33	0.28
Inc.	153.0	154.5	1.5	3.48	2.24	3.18	0.79	0.29	0.21	0.40	0.34

* Reported widths are “drilled widths” not true widths.
**Italicised orange highlighted results are previously released results see news release September 15, 2020 and May 26, 2021.

*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. This calculation is consistent with the calculation in the Company’s September 2019 NI 43-101 Kaukua resource estimate. Additionally, US$1,100 per ounce for palladium is consistent with the UBS January 2021 long-term consensus price forecast even though the current price of palladium is approximately US$3,000 per ounce.

**Spot Palladium and Gold Equivalent
Spot palladium and gold equivalents are calculated using recent spot prices for comparison purposes using US$2,700 per ounce for palladium, US$1,200 per ounce for platinum, US$1,900 per ounce for gold, US$10,141 per tonne for copper, and US$17,857 per tonne for nickel

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 company targeting district scale, platinum-group-element (PGE)-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 includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 29, 2020 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Garibaldi Mobilizes Exploration Crews

Posted on June 1, 2021 by Admin

Garibaldi Mobilizes Exploration Crews

Vancouver, British Columbia, June 1, 2021 – Garibaldi Resources (TSXV: GGI) (the “Company” or “Garibaldi”) is pleased to announce that exploration personnel have been deployed to the Company’s camp at km 45 on the Eskay Creek road. The flagship E&L nickel-copper-cobalt massive sulphide project remains the primary focus, followed by volcanogenic-massive-sulphide (VMS) precious-metal targets within the Hazelton Group. Geophysical surveys over Nickel Mountain and the VMS prospective Palm Springs claims, are now underway.

The first stage includes two specialized airborne surveys. ZTEM, a deep penetrating electro-magnetic (EM) airborne sensor to track conductive high-grade E&L intrusions. SkyTEM, designed to identify structures with prospective stratigraphy for the discovery of Eskay Creek style VMS precious-metal mineralization. Data from both surveys will be processed rapidly to aid interpretation for exploration (See news release dated May 6, 2021).

Garibaldi’s planned diamond drill program will focus on extending the E&L mineralized gabbro along trend, for new massive sulphide discoveries. Beyond Nickel Mountain, crews will sample geophysical and geochemical VMS target areas over the remainder of Garibaldi’s claims for base and precious metals. This includes alteration zones and outcrops identified by World view3 satellite remote sensing. Significant VMS targets at various stages include the following prospects:

VMS Gold Targets

Casper, Four shallow diamond drill holes tested the quartz vein discovery in 2020, each hole intercepted gold mineralization. The polymetallic quartz vein with select channel sample assays of up to 249 g/t (8. oz) gold, is at low elevation, within 1.4 km from roads and hydroelectric facilities. The mineralized system’s strike length is over 500 meters and open along strike. (see news releases Feb.12, 2021, Nov.16, Sept.29, Sept.22, Feb 28, 2020)
Palm Springs, Previous work has identified VMS potential at Palm Springs, where a significant portion of the claims are mapped as Eskay Creek facies. The geochemical profile includes elevated arsenic, antimony, mercury, gold, zinc and copper, with realgar and orpiment within a major quartz breccia zone. The rhyolitic volcanics appear to be underlain by black siltstones and volcanoclastics. In addition, two separate geophysical VTEM anomalies one km apart makes this area a high priority VMS exploration target.
Triple Faults, The Harrymel-Unuk (H-U) fault is a dominant feature bisecting the Palm Springs claims. Exploration will focus along a projected 6 km wide VMS trend, extending 3km on either side of the H-U fault. A clastic sequence within 2 km of a large-scale fault is a key prospective feature observed by Kyba-Nelson of the B.C. Geological Survey in their 2015 Red-line paper on NW B.C. deposits. Coupled with new stratigraphic interpretation of the district, VMS target areas will undergo detailed evaluation programs.
Eskay North, The claims border the historic Eskay Creek mine which is 2,500 meters southwest from Garibaldi’s claim boundary. The high-grade Eskay Creek 21 zones strike northeast towards Eskay North which is covered by the Bowser Lake Group, of unknown thickness. Garibaldi’s ZTEM survey will provide deep penetration of the Bowser and search beneath for the projected Hazelton group which hosts the mineralization at the Eskay Creek Mine. (Minfile 104 B 008 Eskay Creek)

Battery Metals & Gold

Garibaldi’s 100% owned Eskay claim Group is 180 sq. kms of highly prospective claims, resulting from the consolidation of Nickel Mountain, Palm Springs and Eskay North in 2016. The battery-metal rich E&L magmatic nickel-copper-cobalt massive sulphide discovery is a high value proposition surrounded by a multitude of base and precious-metal outcrops of nickel-copper-zinc-gold-silver and platinum group metals. The escalating global green revolution will require all these metals to feed rising demand from new battery technology for electric vehicles.

While Garibaldi’s primary focus is the foundational E&L nickel-copper-cobalt massive sulphide project, the Company’s Eskay Claim Group is centered within the Eskay gold camp, encircled by numerous recent precious metal rich discoveries by neighboring operators. Advanced structural, stratigraphic and remote sensing interpretation of Eskay district geology indicates strong potential for VMS related Eskay Creek style mineralization on Garibaldi’s Palm Springs claim block to the north of Nickel Mountain. Garibaldi’s abundant VMS precious metals potential offers an added bonus to shareholders, as rising inflation pressures gold and silver prices higher.

Steve Regoci, Garibaldi CEO, stated: “We’re anxious to receive the ZTEM and SkyTEM survey results as we prepare for drilling. Our top priority is to explore deeper and along trend at E&L, but we also have large numbers of exciting new nickel-copper and VMS gold targets to explore as well.

The growing demand for critical metal sources required to drive the new green economy, and precious metals to protect against increasing inflation, was the compelling vision for our entire pipeline of district scale projects. The advancing Eskay claim group ranks high for potential to deliver new discoveries as metal prices trend higher.”

Qualified Person

Jeremy Hanson, P.Geo., VP Exploration Canada for the Company and a qualified person as defined by NI- 43-101, has supervised the preparation of and reviewed and approved of the disclosure of information in this news release.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in British Columbia and Mexico.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

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

Copper Facing an Onslaught of Demand

Posted on May 27, 2021 by Admin

Ford’s Announcement is Another Reason for Copper Investors to Smile

Ford Motor is gaining on Tesla in the hearts of EV and ESG investors. The company gave both fans and investors in the growth of electric vehicle technology, along with those supporting green energy acceptance, a reason to cheer this week. The iconic company, known for its contribution to manufacturing technology one hundred years ago (1928), which made automobiles available to average families, may again make history by ushering in an era where electric Mustangs, Explorers, and even Broncos are within the price range of the American middle class. An announcement by Ford on May 26 committed the company to spend $30 billion on electric vehicle manufacturing by 2025 and for 40 percent of its global fleet to be all-electric by 2030.

The EV movement had already shifted into high gear before the announcement. And, with the strongest economies of the world now aligned in supporting carbon reduction policies, ie: electrification, a revolution has begun. As with other dramatic historical shifts in technology, investing in the components or industries that produce the goods to make the components is an ordinarily lower risk than betting on any one car company (final product).

Copper Components

EV growth has brought a focus on demand for the elements used to produce batteries, such as lithium and cobalt. The focus should also be on how the onslaught of demand for copper will be filled. There are many competing tech revolutions increasing the demand for the metal. New needs for copper are coming from the growth of solar and wind energy, along with EVs and EV charging stations. As it relates to just cars, here’s how just one car changes demand. An average gasoline-powered car uses about 44lbs of copper, mainly as wiring. A hybrid car uses about 88lbs, and a fully electric car uses roughly 176lbs of the metal. As part of the increased demand, add about 45lbs for each charging point.

In all, 5 times more copper than a conventional gas-powered car is needed. Copper has the best conductivity of any non-precious metal and is being called upon to electrify the green renewable energy revolution

How to Get Copper Exposure with Stocks

When the price of copper rises, copper mining companies benefit from production without increasing their costs. This makes buying miners a strategy worth considering. Yesterday Noble Capital Markets released a research note on Chakana Copper Corp. (CHKKF) and (PERU:CA). The report includes the latest company results, the analyst’s views, and price targets. Also available on Channelchek related to CHKKF is the average daily volume of shares traded which is important to gauge liquidity. Up to the minute, data can also be found on Channelchek for other copper mining companies. The domestic miner Nevada Copper Corp. (NEVDF) is a U.S.-based mining company currently trading at $0.21 which is in the lower quartile of its 52-week trading range. Western Copper & Gold Corp (WRN) is a Canada-based exploration-stage company. Its engaged in the acquisition, exploration, and future development of resource properties. WRN is currently trading near the top of its 52-week range at $2.61.

Other copper mining candidates can be found at Channelchek.com under the “Company Data” section.

Take-Away

There’s a revolution going on with a move toward putting more electric cars on the road. Although Tesla tends to grab the spotlight, there are many other new car companies that are involved. Meanwhile, traditional auto manufacturers all have goals to increase their EV offerings. Coupled with what is going on in wind and solar, which also increases demand for copper, investors may want to look toward investing in what now appears inevitable.


Your Personal Data is the Currency of the Digital Age	Repurposing Power Plants for Crypto Mining


Chakana Copper C-Suite Interview	Palladium One Mining C-Suite Interview

Sources:

https://tradingeconomics.com/commodity/copper

https://www.barrons.com/articles/ford-motor-stock-ev-spending-investor-day-51622041264

Palladium One Mining Inc. (NKORF)(PDM:CA) – Haukiaho Drill Results Highlight Significant Potential to Expand Resources

Posted on May 27, 2021 by Admin

Thursday, May 27, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Haukiaho Drill Results Highlight Significant Potential to Expand Resources

Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

Haukiaho drill results. Palladium One released results for 7 of 12 holes drilled at the Haukiaho Trend roughly 20 kilometers south of Kaukua South. Results returned significant widths and grades, including 72.2 meters at 1.79 grams of palladium equivalent per tonne, and expanded mineralization to the east of and higher grade areas within the known historic Haukiaho resource area.

Haukiaho technical report expected in the third quarter. The drill program was intended to provide sufficient drill density to prepare a NI 43-101 resource estimate for Haukiaho which management anticipates completing in the third quarter of 2021. In 2013, Finore Mining Inc. completed a non-pit constrained NI 43-101 historic resource with 23.2 million tonnes of ore with an average grade of 1.51 …

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.

Allegiant Gold Allegiant Gold Ltd (AUXXF)(AUAU:CA) – High-Grade Drill Results Could Be a Game Changer for Eastside

Posted on May 27, 2021 by Admin

Thursday, May 27, 2021

Allegiant Gold

Allegiant Gold Ltd (AUXXF)(AUAU:CA)
High-Grade Drill Results Could Be a Game Changer for Eastside

Allegiant Gold Ltd is a gold exploration company. Its project profile consists of Bolo, Browns Canyon, Clara Moro, Four Metals, Monitor Hills, Red Hills, Silver Dome, West Goldfield, White Horse Flats, Mogollon, Eastside, Dutch Flat, and others.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

Drill results from the Original Pit Zone (OPZ). Allegiant released results from its 9-hole drill program, representing 3,673 meters of drilling, at the Original Pit Zone at its Eastside project in Nevada. Strong gold intercepts were reported for Holes 239, 243, 244 and 245. Mineralization was encountered in 7 of the 9 holes. Hole 243, a 100-meter step-out from the closest hole in the OPZ, included 2.55 grams of gold per tonne over 147.8 meters and 3.17 grams of gold per tonne over 117.3 meters. Hole 239 included 111.3 meters of 1.45 grams of gold per tonne, including 3.1 meters of 39 grams of gold per tonne at the bottom of the hole.

More drilling at the OPZ may be warranted. While the Eastside project is generally conceptualized as a low-grade, bulk tonnage open pit mining scenario, the impressive grades may signal a game-changer for project economics. While there are significant opportunities to continue to develop the original pit zone by expanding the permitted area, recent results indicate more drilling may be warranted …

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

Release – Allegiant Discovers Bonanza Gold and Silver Grades at Eastside

Posted on May 26, 2021 by Admin

Allegiant Discovers Bonanza Gold and Silver Grades at Eastside

HOLE 243 – 148 METRES (486 FEET) OF 2.6 G/T GOLD
(including 14 METRES (45 FEET) OF 21.9 G/T GOLD)
(including 20 METRES (65 FEET) OF 173.8 G/T SILVER)
HOLE 239 – 3 METRES (10 FEET) OF 39.0 G/T GOLD

RENO, Nev., May 26, 2021 (GLOBE NEWSWIRE) — Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is very pleased to announce bonanza grades in the best drill results to date in the Original Pit Zone, at the 100% owned Eastside gold project in Nevada. Eastside presently hosts a current NI 43-101 pit-constrained Inferred resource of 996,000 ounces of gold and 7.8 million ounces of silver* and is open in all directions.

Peter Gianulis, CEO of Allegiant Gold, commented: “The results from the recent drill program at Eastside are simply the best received since Allegiant made the initial discovery. The project has exceeded our expectations and continues to improve and positively surprise us with its potential. We remain focused on executing our business plan and are well on our way to outlining a multi-million-ounce deposit at Eastside.”

Highlights of the 9-hole (3,673 metres) RC drill program:

Hole 243 included 2.55 g/t Au over 147.8 metres (3.17 g/t Au over 117.3m)
Hole 243 is the best drill intercept to date at the project
Hole 243 was a 100m step-out from the closest hole in the Original Pit and is open west, east and south
Hole 243 is well within an open-pit modeling scenario
Significant silver in Holes 243 and 239
Strong gold intercepts in Holes 239, 243, 244 and 245
Mineralization encountered in 7 of 9 holes
Eastside remains open in all directions and at depth in both the Original Pit Zone and the Castle Zone

Allegiant has drilled over 210 holes over the past 8 years in building a significant 1mm ounce gold inferred resource. Over 284 metres of the 428 metres drilled were mineralized in Hole 243 and, utilizing a 0.10 g/t Au cut-off, the hole delivered 2.55 g/t Au over 147.8 metres (3.17 g/t Au over 117.3m using a 0.20 g/t Au cut-off) commencing from a depth of 172 metres. Equally important is that Hole 243 ended in gold mineralization, with the bottom running 12.2m of 2.24 g/t Au (within a 55m interval of 0.92 g/t Au). Excellent silver mineralization was also encountered (see comment on Significant Silver Intercepts below).

Strong Gold Intercepts in Hole 239, 244 and 245
The success during the recent drill program was not limited solely to Hole 243. Excellent grades and intercepts were found in additional holes with strong mineralization occurring at the bottom of the holes implying the deposit continues to remain open at depth.

	Hole 239	111.3m of 1.45 g/t Au including 3.1 metres of 39 g/t at the bottom of the hole.
	Hole 244	76 metres of hole is mineralized with best intercept being 6.1m of 1.48 g/t Au
	Hole 245	32 metres of 3.4 g/t Au from relatively shallow depths (177m)

Significant Silver Intercepts in Holes 239, 243 and 244
Excellent silver intercepts were also encountered during this most recent drilling program. Using a 10 g/t Ag cutoff, Hole 239 encountered 6.1 metres of 113.35 g/t Ag at the bottom of the hole leading us to believe that it remains wide-open at depth. In Hole 243, an intercept of 93.3 g/t Ag over 44.2 metres was identified. Other silver intercepts were found in Hole 241 and Hole 244. The Original Pit Zone at Eastside hosts approximately 7.8 million ounces of silver per the most recent 43-101 compliant resource estimate dated January 2020. Allegiant continues to believe that there remains significant upside potential to discover additional silver, though gold continues to be the primary mineralization.

Geological Comment
Gold and silver at the Original Pit Zone is hosted mainly in young rhyolite domes and dikes (7.2 MYBP) cutting through andesite flows and lahar, lacustrine tuffs, and rhyodacite flows and plugs. Eighty five percent of the drilled gold intercepts are hosted in rhyolite. Important alteration includes multiple generations of quartz in stock works, replacement illite, adularia (both as flooding and in veins), and a variety of iron oxides mostly filling fractures. The domes at the Original Pit are the northernmost two of a highly prospective dome field, elongated north-south, and measuring 10 km by 2 km. The dome field contains 41 separate domes and is entirely covered by Allegiant’s claim block. Higher grade intercepts in drill hole 243 appear to be associated with stronger quartz veining than usual. Future work programs in the Original Pit Zone will focus on defining the extent of this high-grade zone to better understand the implications on resource growth and mine planning and economics.

See Eastside property map here:

Map 1: Eastside Property Map
https://www.allegiantgold.com/nr/2020-01-27-map.pdf

See Eastside (Original Pit Zone) Drilling Results here:

Table 1: Eastside Drilling Intercepts
https://www.allegiantgold.com/site/assets/files/3278/eastside_drilling_original_pit_zone_-_2021_drilling_i.pdf

See Eastside (Original Pit Zone) Drilling Map here:

Map 2: Eastside Drilling Map
https://allegiantgold.com/site/assets/files/2209/1550-eastside_planmap_5k_nad83zn11n.jpg

Map 3: Eastside Cross Sections
https://www.globenewswire.com/NewsRoom/AttachmentNg/e170db84-64d4-4e89-8dc1-c05cd72b0571

* The updated resource estimate (“Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada”) was conducted by Mine Development Associates (“MDA”) of Reno, Nevada with an effective date of December 30, 2019. Heap leach extractions are expected to be around 70% and 20% for gold and silver, respectively, using a three- stage crushing procedure. Milling with a fine grind is expected to result in extractions over 90% and around 50% for gold and silver, respectively. Utilizing a 0.15 g/t cut-off for Au, contained pit-constrained Inferred Resources of measured gold was 0.54 g/t and silver was 4.3 g/t. In accordance with NI 43-101 the MDA Technical Report dated January 24, 2020 will be filed on SEDAR. This report builds on and supersedes the NI 43-101 reports of Ristorcelli (December 2016) and Ristorcelli (July 2017) titled “Resource Estimate and Technical Report, Eastside Gold-Silver Project, Esmeralda County, Nevada” prepared for Allegiant with an Effective Date of July 25, 2017. A copy of the Eastside Technical Report can be found on SEDAR at www.sedar.com.

QUALIFIED PERSON

Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical content of this press release.

ABOUT ALLEGIANT

Allegiant owns 100% of 10 highly-prospective gold projects in the United States, 7 of which are located in the mining-friendly jurisdiction of Nevada. Four of Allegiant’s projects are farmed-out, providing for cost reductions and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

ON BEHALF OF THE BOARD

Peter Gianulis
CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
ir@allegiantgold.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.

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which are referred to collectively as “forward-looking statements”. The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Allegiant Gold Ltd.’s (“Allegiant”) exploration plans for its gold exploration properties, the drill program at Allegiant’s Eastside project, the preparation and publication of an updated resource estimate in respect of the Original Zone at the Eastside project, Allegiant’s future exploration and development plans, including anticipated costs and timing thereof; Allegiant’s plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, and working capital requirements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled “Risk Factors” in Allegiant’s Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under Allegiant’s profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Allegiant undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Release – Palladium One Drills Haukiaho Trend Intercepts 72 Meters

Posted on May 26, 2021 by Admin

Palladium One Drills Haukiaho Trend, Intercepts 72 Meters @ 1.8 g/t Palladium-Equivalent, Finland

May 26, 2021 – Toronto, Ontario – First drill results from the Company’s 2,000 meter drill program at Haukiaho, a zone approximately 20 kilometers south of the Company’s primary target area Kaukua South, have returned significant widths and grades, including 72 meters at 1.8 g/t Palladium-equivalent “Pd_Eq”) (Hole LK21-071), on the Läntinen Koillismaa “LK”) PGE-Ni-Cu project in Finland, said Palladium One Mining Inc. “Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

A total of 12 holes (1,943 metres) were drilled on the Haukiaho trend. This release contains the results from the first 7 holes of this program. The drilling was designed establish sufficient drill density to prepare a National Instrument 43-101 resource estimate at Haukiaho, which the Company anticipates completing in Q3 2021.

“Establishing a NI43-101 resource estimate at Haukiaho has been a priority for the Company given the robust historical data set available to the Company. Haukiaho was the original focus of the Phase I drill program in 2020, however, the discovery of Kaukua South led us towards first defining the potential of this new discovery and exploring the greater Kaukua area. Despite this, Haukiaho was not forgotten and has remained an important part of our strategy to grow a multi-million ounce resource base. At 17 kilometers in length, the Haukiaho trend, currently represents the largest continuous patch of blue-sky potential on the LK property.” said Derrick Weyrauch, President and CEO.

Highlights

Drilling has returned significant widths and grades
Expanded higher grade areas within the known historic Haukiaho resource area
Expanded mineralization 100m to east of the historic resource
72.2 meters grading 1.79 g/t Pd_Eq in hole LK21-071 starting 56m down hole, including 17.0 meters grading 2.23 g/t Pd_Eq
15.7 meters grading 2.26 g/t Pd_Eq in hole LK21-069 including 3.6 meters grading 3.11 g/t Pd_Eq
51.2 meters grading 1.07 g/t Pd_Eq in hole LK21-073 including 9.1 meters grading 2.10 g/t Pd_Eq
The historic Haukiaho resource is shallowly drilled, mostly above 200m in depth and therefore amendable to open pit mining

Haukiaho Historic Resource Estimate

In the 1980’s, Outokumpu (a Finnish State-run mining company) prepared a resource estimate using very widely spaced holes along a portion of the Haukiaho trend, which estimated 7 million tonnes grading 0.38% Cu and 0.24% Ni, however importantly, no PGE assays were undertaken. The cut-off grade used was a 0.7% Copper_equivalent (defined as Cu% + 2 x Ni%).

Subsequently in 2013, Finore Mining Inc. completed a non-pit constrained NI43-101 historic resource estimate, over a much smaller strike length. Using a 0.1 g/t Pd cut-off, they estimated a resource of 1.13 million Pd_Eq ounces within 23.2 million tonnes grading 1.51 g/t Pd_Eq (0.31 g/t Pd, 0.12g/t Pt, 0.10 g/t Au, 0.21% Cu, and 0.14% Ni) (See news release August 12, 2019 and May 7, 2020). This resource estimate encompassed widely spaced drilling with a focus on maximizing tonnage, not grade.

The Haukiaho trend is 17 kilometers long and the historic 2013 Haukiaho resource prepared by Finore covers less than 2 kilometers of this trend. This knowledge coupled with the historic work by Outokumpu point to the enormous potential to significantly add resources at Haukiaho with disciplined execution of exploration activities.

Figure 2. Plan map of Haukiaho 2020 IP chargeability anomalies and Palladium One drill holes locations.

Figure 3. Plan map of the Haukiaho historic 2013 Finore resource estimate represented by the > 0.5g/t Pd_Eq resource shape with Palladium One drill holes.

Figure 4. Haukiaho Cross section showing holes LK21-071, Finore hole HAU11-005, and geological survey of Finland (GTK) holes R-390 and R-389.

Table 1: Palladium One Haukiaho drill results

Hole	From (m)	To (m)	Width (m)	Pd_Eq g/t*	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %
*LK20-008*	*17.3*	*33.5*	*16.2*	*1.99*	*0.38*	*0.15*	*0.14*	*0.26*	*0.20*
Inc.	20.3	23.3	3.0	2.55	0.48	0.19	0.22	0.33	0.25
*LK20-009*	161.5	168.1	6.6	2.34	0.47	0.20	0.13	0.26	0.25
*LK20-010*	118.7	202.0	83.3	1.27	0.24	0.09	0.05	0.12	0.16
*Inc.*	*166.8*	*201.0*	*34.3*	*2.09*	*0.47*	*0.20*	*0.10*	*0.20*	*0.22*
Inc.	167.8	173.0	5.3	3.08	0.66	0.25	0.20	0.38	0.30
Inc.	20.3	23.3	3.0	2.55	0.48	0.19	0.22	0.33	0.25
LK21-067	No Significant values (collared in footwall rocks)
LK21-068	81.5	122.0	40.6	0.65	0.05	0.02	0.02	0.04	0.11
Inc.	106.2	120.0	13.9	0.80	0.12	0.05	0.02	0.06	0.12
Inc.	106.2	112.7	6.6	0.91	0.13	0.05	0.03	0.09	0.13
LK21-069	48.5	64.1	15.7	2.26	0.47	0.18	0.18	0.27	0.22
Inc.	48.5	60.0	11.6	2.53	0.52	0.19	0.18	0.30	0.25
Inc.	48.5	52.0	3.6	3.11	0.60	0.22	0.23	0.37	0.32
LK21-070	103.5	131.0	27.5	0.65	0.01	0.00	0.02	0.04	0.12
Inc.	113.0	119.0	6.0	0.83	0.02	0.00	0.04	0.09	0.14
LK21-071	55.8	128.0	72.2	1.79	0.37	0.15	0.14	0.22	0.17
Inc.	72.0	77.0	5.0	2.33	0.53	0.21	0.18	0.27	0.22
Inc.	74.0	75.5	1.5	3.20	0.75	0.29	0.23	0.39	0.29
And	86.2	94.0	7.8	2.74	0.53	0.21	0.23	0.32	0.27
And	111.0	128.0	17.0	2.23	0.53	0.21	0.18	0.28	0.18
Inc.	112.5	118.0	5.5	2.84	0.64	0.25	0.23	0.36	0.25
LK21-072	No Significant values (ended before zone)
LK21-073	75.8	127.0	51.2	1.07	0.15	0.06	0.06	0.13	0.13
Inc.	90.0	113.1	23.1	1.51	0.25	0.10	0.10	0.21	0.16
Inc.	90.8	99.9	9.1	2.10	0.37	0.15	0.16	0.27	0.21
Inc.	98.0	99.0	1.0	3.21	0.61	0.27	0.29	0.47	0.28
LK21-074	Pending
LK21-075	Pending
LK21-076	Pending
LK21-077	Pending
LK21-078	Pending

* Reported widths are “drilled widths” not true widths.
**Italicised orange highlighted results are previously released results see news release September 15, 2020

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.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

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

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 29, 2020 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Palladium One Drills Haukiaho Trend, Intercepts 72 Meters @ 1.8 g/t Palladium-Equivalent, Finland

Posted on May 26, 2021 by Admin

Palladium One Drills Haukiaho Trend, Intercepts 72 Meters @ 1.8 g/t Palladium-Equivalent, Finland

Highlights

Drilling has returned significant widths and grades
Expanded higher grade areas within the known historic Haukiaho resource area
Expanded mineralization 100m to east of the historic resource
72.2 meters grading 1.79 g/t Pd_Eq in hole LK21-071 starting 56m down hole, including 17.0 meters grading 2.23 g/t Pd_Eq
15.7 meters grading 2.26 g/t Pd_Eq in hole LK21-069 including 3.6 meters grading 3.11 g/t Pd_Eq
51.2 meters grading 1.07 g/t Pd_Eq in hole LK21-073 including 9.1 meters grading 2.10 g/t Pd_Eq
The historic Haukiaho resource is shallowly drilled, mostly above 200m in depth and therefore amendable to open pit mining

Haukiaho Historic Resource Estimate

Figure 2. Plan map of Haukiaho 2020 IP chargeability anomalies and Palladium One drill holes locations.

Figure 3. Plan map of the Haukiaho historic 2013 Finore resource estimate represented by the > 0.5g/t Pd_Eq resource shape with Palladium One drill holes.

Figure 4. Haukiaho Cross section showing holes LK21-071, Finore hole HAU11-005, and geological survey of Finland (GTK) holes R-390 and R-389.

Table 1: Palladium One Haukiaho drill results

Hole	From (m)	To (m)	Width (m)	Pd_Eq g/t*	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %
*LK20-008*	*17.3*	*33.5*	*16.2*	*1.99*	*0.38*	*0.15*	*0.14*	*0.26*	*0.20*
Inc.	20.3	23.3	3.0	2.55	0.48	0.19	0.22	0.33	0.25
*LK20-009*	161.5	168.1	6.6	2.34	0.47	0.20	0.13	0.26	0.25
*LK20-010*	118.7	202.0	83.3	1.27	0.24	0.09	0.05	0.12	0.16
*Inc.*	*166.8*	*201.0*	*34.3*	*2.09*	*0.47*	*0.20*	*0.10*	*0.20*	*0.22*
Inc.	167.8	173.0	5.3	3.08	0.66	0.25	0.20	0.38	0.30
Inc.	20.3	23.3	3.0	2.55	0.48	0.19	0.22	0.33	0.25
LK21-067	No Significant values (collared in footwall rocks)
LK21-068	81.5	122.0	40.6	0.65	0.05	0.02	0.02	0.04	0.11
Inc.	106.2	120.0	13.9	0.80	0.12	0.05	0.02	0.06	0.12
Inc.	106.2	112.7	6.6	0.91	0.13	0.05	0.03	0.09	0.13
LK21-069	48.5	64.1	15.7	2.26	0.47	0.18	0.18	0.27	0.22
Inc.	48.5	60.0	11.6	2.53	0.52	0.19	0.18	0.30	0.25
Inc.	48.5	52.0	3.6	3.11	0.60	0.22	0.23	0.37	0.32
LK21-070	103.5	131.0	27.5	0.65	0.01	0.00	0.02	0.04	0.12
Inc.	113.0	119.0	6.0	0.83	0.02	0.00	0.04	0.09	0.14
LK21-071	55.8	128.0	72.2	1.79	0.37	0.15	0.14	0.22	0.17
Inc.	72.0	77.0	5.0	2.33	0.53	0.21	0.18	0.27	0.22
Inc.	74.0	75.5	1.5	3.20	0.75	0.29	0.23	0.39	0.29
And	86.2	94.0	7.8	2.74	0.53	0.21	0.23	0.32	0.27
And	111.0	128.0	17.0	2.23	0.53	0.21	0.18	0.28	0.18
Inc.	112.5	118.0	5.5	2.84	0.64	0.25	0.23	0.36	0.25
LK21-072	No Significant values (ended before zone)
LK21-073	75.8	127.0	51.2	1.07	0.15	0.06	0.06	0.13	0.13
Inc.	90.0	113.1	23.1	1.51	0.25	0.10	0.10	0.21	0.16
Inc.	90.8	99.9	9.1	2.10	0.37	0.15	0.16	0.27	0.21
Inc.	98.0	99.0	1.0	3.21	0.61	0.27	0.29	0.47	0.28
LK21-074	Pending
LK21-075	Pending
LK21-076	Pending
LK21-077	Pending
LK21-078	Pending

* Reported widths are “drilled widths” not true widths.
**Italicised orange highlighted results are previously released results see news release September 15, 2020

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.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

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

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 29, 2020 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Allegiant Discovers Bonanza Gold and Silver Grades at Eastside

Posted on May 26, 2021 by Admin

Allegiant Discovers Bonanza Gold and Silver Grades at Eastside

HOLE 243 – 148 METRES (486 FEET) OF 2.6 G/T GOLD
(including 14 METRES (45 FEET) OF 21.9 G/T GOLD)
(including 20 METRES (65 FEET) OF 173.8 G/T SILVER)
HOLE 239 – 3 METRES (10 FEET) OF 39.0 G/T GOLD

Highlights of the 9-hole (3,673 metres) RC drill program:

Hole 243 included 2.55 g/t Au over 147.8 metres (3.17 g/t Au over 117.3m)
Hole 243 is the best drill intercept to date at the project
Hole 243 was a 100m step-out from the closest hole in the Original Pit and is open west, east and south
Hole 243 is well within an open-pit modeling scenario
Significant silver in Holes 243 and 239
Strong gold intercepts in Holes 239, 243, 244 and 245
Mineralization encountered in 7 of 9 holes
Eastside remains open in all directions and at depth in both the Original Pit Zone and the Castle Zone

	Hole 239	111.3m of 1.45 g/t Au including 3.1 metres of 39 g/t at the bottom of the hole.
	Hole 244	76 metres of hole is mineralized with best intercept being 6.1m of 1.48 g/t Au
	Hole 245	32 metres of 3.4 g/t Au from relatively shallow depths (177m)

See Eastside property map here:

Map 1: Eastside Property Map
https://www.allegiantgold.com/nr/2020-01-27-map.pdf

See Eastside (Original Pit Zone) Drilling Results here:

Table 1: Eastside Drilling Intercepts
https://www.allegiantgold.com/site/assets/files/3278/eastside_drilling_original_pit_zone_-_2021_drilling_i.pdf

See Eastside (Original Pit Zone) Drilling Map here:

Map 2: Eastside Drilling Map
https://allegiantgold.com/site/assets/files/2209/1550-eastside_planmap_5k_nad83zn11n.jpg

Map 3: Eastside Cross Sections
https://www.globenewswire.com/NewsRoom/AttachmentNg/e170db84-64d4-4e89-8dc1-c05cd72b0571

QUALIFIED PERSON

ABOUT ALLEGIANT

ON BEHALF OF THE BOARD

Peter Gianulis
CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
ir@allegiantgold.com

Chakana Copper Corp (CHKKF)(PERU:CA) – Another Positive Step Toward a Maiden Resource Estimate

Posted on May 26, 2021 by Admin

Wednesday, May 26, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Another Positive Step Toward a Maiden Resource Estimate

Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

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

Latest drilling results. Chakana Copper released results from 11 in-fill drill holes representing 2,873.7 meters of drilling at the Huancarama, Paloma East, and Paloma West tourmaline breccia pipe discoveries. Mineralization was encountered in all holes drilled. To date, only 15 out of 110 targets on the Soledad property have been drill-tested.

Making exceptional progress. Including drilling activities that commenced in August 2020, a total of 32,000 meters of drilling is anticipated through 2021. This includes 67 drill holes, representing 13,946.2 meters of drilling in the Paloma and Huancarama areas, for which results have been released. For the 26,000 meters of drilling planned in 2021, the company expects to complete 16,000 meters of …

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

Release – Chakana Advances Resource Definition Drilling With Multiple High-Grade Intercepts

Posted on May 25, 2021 by Admin

Chakana Advances Resource Definition Drilling With Multiple High-Grade Intercepts

Soledad Project Highlights Include:

Huancarama East – four holes with high-grade intercepts, including 134.3m of 0.92 g/t Au, 0.86% Cu, and 80.7 g/t Ag (2.15% Cu-eq) from 119.7m depth;

Paloma East – five holes with strong grades, including 126.1m of 0.91 g/t Au, 0.20% Cu, and 11.6 g/t Ag (0.89% Cu-eq) starting at surface;

Paloma West – two holes with high grades, including 101.0m of 0.53 g/t Au, 1.01% Cu, and 41.5 g/t Ag (1.71% Cu-eq) starting at surface.

Vancouver, B.C., May 25, 2021 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to provide results from eleven in-fill holes totaling 2,873.7m from the Huancarama, Paloma East, and Paloma West tourmaline breccia pipe discoveries at its Soledad project, Ancash, Peru (Table 1). Drilling continues as part of a fully-funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1).

David Kelley, President and CEO commented, “The resource definition drilling portion of our current program is going exceptionally well with excellent results from the three discoveries at Soledad since the resumption of drilling in 2020. Huancarama and Paloma West continue to demonstrate their high-grade nature, and strong grades were also encountered at Paloma East. Mineralization in all three breccia pipes starts at surface and is open at depth. These results are another positive step toward our resource estimate due out later this year that will include multiple breccia pipes. To date, we have only tested 15 out of the 110 total targets on the property.”

Resource Definition Drilling

Table 1. Mineralized intervals from resource definition drilling at Huancarama, Paloma East, and Paloma West.

DDH #	FROM – TO (M)		CORE LENGTH (M)	AU G/T	AG G/T	CU %	CU-EQ %*	AU-EQ G/T*
Huancarama East
SDH21-189	119.70	254.00	134.30	0.92	80.7	0.86	2.15	3.29
and	271.00	310.00	39.00	0.61	52.4	0.88	1.73	2.64
SDH21-193	29.20	38.80	9.60	1.35	78.8			2.38
and	110.00	273.00	163.00	0.26	20.1	0.43	0.77	1.18
SDH21-194	21.90	25.70	3.80	0.17	77.3	0.23	1.00	1.53
and	120.00	244.00	124.00	0.33	29.5	0.63	1.10	1.68
and	301.00	308.10	7.10	1.81	36.7	0.81	2.31	3.53
SDH21-198	144.00	210.00	66.00	0.99	82.6	1.01	2.36	3.62
including	166.00	197.00	31.00	1.46	149.9	1.77	4.01	6.13
Paloma East
SDH21-190	0.00	126.10	126.10	0.91	11.6	0.20	0.89	1.37
including	21.00	38.00	17.00	5.09	15.7			5.30
SDH21-191	0.00	99.40	99.40	0.62	12.5	0.31	0.82	1.26
and	144.00	198.70	54.70	0.16	13.9	0.22	0.44	0.68
SDH21-192	64.90	124.00	59.10	0.27	7.5	0.42	0.66	1.01
and	198.00	224.00	26.00	0.21	33.3			0.65
SDH21-195	53.00	121.00	68.00	0.28	7.3	0.31	0.56	0.85
SDH21-196	67.00	121.00	54.00	0.20	9.0	0.74	0.95	1.45
Paloma West
SDH21-197	27.00	84.80	57.80	0.53	69.4	1.17	2.11	3.23
including	28.20	49.00	20.80	1.06	183.8	2.32	4.58	7.01
SDH21-199	0.00	101.00	101.00	0.53	41.5	1.01	1.71	2.62
including	31.25	50.00	18.75	1.07	141.8	3.29	5.20	7.96

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu-eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au-eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Huancarama East

Four holes were drilled through the Huancarama East breccia pipe from step-out platforms (Figs. 2 and 3). One hole was drilled to the northeast, and three holes were drilled from east to west. All four holes intersected mineralized breccia, consistent with previous exploration holes (see news releases dated January 12, January 25, February 9, March 3, and April 28, 2021) with depths ranging between approximately 80m to 300m below surface. The breccia pipe has approximate lateral dimensions of 100m by 60m and is open at depth. Additional infill holes have been drilled, with more planned once assay results have been received. Examples of mineralized drill core from these holes are shown in Figure 4.

Paloma East and Paloma West

The Paloma breccia pipes are located 300m north of Huancarama and are partially exposed at surface (Fig. 3). Five holes were drilled at Paloma East. Three holes were collared on the west side of the breccia pipe and drilled to the east, northeast, and southeast, and two holes were drilled from the north side of the exposed breccia pipe and oriented southwest and south. Mineralization was encountered in all five drill holes over a vertical range from surface to approximately 200m depth. Two resource definition holes were drilled at Paloma West from a platform on the northeast side of the exposed breccia pipe and drilled to the southwest. High-grade mineralization was intersected in both drill holes with depths ranging between approximately 20m to 80m below surface. Breccia in both pipes is open at depth and results presented here are consistent with previously reported results (see news releases dated September 17, October 26, November 18, December 3, and December 16, 2020; and April 28, 2021). Additional infill holes have been drilled at Paloma West with results pending. Examples of mineralized drill core from these holes are shown in Figure 4.

2021 Resource and Exploration Drill Program

Results reported here are part of the fully funded 2021 drill program of 26,000m. Combined with the drilling in the second half of 2020, approximately 32,000m is anticipated through 2021. Of this, 13,946.2m have been reported in 67 drill holes for the Paloma and Huancarama areas. Within the 26,000m of drilling planned in 2021, the Company will complete approximately 16,000m of resource definition in-fill drilling. The results of this drill program are important to increase confidence in the resource estimate, anticipated later in 2021.

Additionally, 10,000m of exploration drilling is planned for 2021. This will focus on new targets located in the northern portion of the project that have not been drilled previously but are strategic to any eventual development at Soledad. Exploration targets have been ranked based on their technical merit, access, and logistics.

About Chakana Copper

Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 47,736 metres of exploration and resource definition drilling has been completed to date, testing 15 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Sampling and Analytical Procedures

Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person
David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD
(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:
Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

Neither TSX Venture 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 release.

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing breccia pipes and occurrences within the northern Soledad cluster. Pipes that have been drilled in previous campaigns are shown in red. Outcropping breccia pipes shown in green are the focus of the current drill campaign. Other pipes and occurrences remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map of Paloma and the Huancarama Breccia Complex showing drill holes reported in this release, outcropping tourmaline breccias (dark red shapes), and modeled breccia pipes (light red shapes) based on all drill holes (previous drilling shown by dark gray traces). Light gray contours are 10m interval. Untested outcropping targets are also shown. Location of section line (A-A’) for Figure 3 indicated.

Figure 3 – Isometric view looking west highlighting the drill holes at Huancarama and Paloma reported in this release. Light red 3D shapes show preliminary shape of breccias based on all drill holes (see Figure 2).

Figure 4 – Select core photos from Huancarama, Paloma East, and Paloma West reported in this release: SDH21-189 (126.2m) mosaic and jigsaw tourmaline breccia with sulfide cement; SDH21-194 (125.15m) mosaic breccia with selective clast replacement by chalcopyrite and pyrite; SDH21-194 306.75m tourmaline breccia with late chalcopyrite replacement along vein; SDH21-190 (76.72m) tourmaline breccia with chalcopyrite filling open space; SDG21-190 (110.80) shingle breccia with selective chalcopyrite replacement of shingle clasts; SDH21-197 (42.8m) mosaic tourmaline breccia with selective clast replacement and open space filling by chalcopyrite and pyrite. Core diameter is 6.35cm (HQ) in all instances.

Release – Aurania Confirms Significant Amounts Of High-Tech Metals In Tiria-Shimpia Samples

Posted on May 25, 2021 by Admin

Aurania Confirms Significant Amounts Of High-Tech Metals In Tiria-Shimpia Samples

Toronto, Ontario, May 25, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports that laboratory assays have confirmed the presence of the high-tech metals, gallium (“Ga”) and indium (“In”) in significant amounts in rock-chip samples from the Tiria-Shimpia target in the Company’s Lost Cities – Cutucu Project (“Project”) in southeastern Ecuador.

Gallium and indium are known to substitute for zinc in the structure of sphalerite (zinc sulphide mineral), and sulphidic zinc ores are a major source of these by-product metals. Because of the growing usage in certain high-tech applications such as smartphones and solar cells, they are rapidly becoming economically important, and supply security-related concerns are reflected in their identification as critical raw materials. Gallium is used in gallium arsenide (“GaAs”) semiconductor chips, and its unique properties enable electrons to pass through faster than in conventional silicon chips. It is used to support 5G technologies.

Next generation GaAs semiconductors promise to bring a huge market, not totally replacing the existing semiconductor market, but ultimately making a huge dent in it. The ability to replace silicon semiconductors, a market that is $500 billion dollars in 2020 makes one sit up and take notice. The existing silicon semiconductor market is a pretty good size for a market that barely existed in 1975. Next generation GaAs support the signal speed that is needed to implement 5G. (Business Wire, March 4, 2020).

It has been well-publicized that there is currently a worldwide shortage of GaAs semiconductor chips. Partly this is due to shutdown of bauxite mining operations in Shanxi province in China in 2019, due to environmental concerns, where gallium is produced as a by-product of alumina. Bauxite from outside of China typically does not contain recoverable levels of gallium: https://roskill.com/news/gallium-price-floor-set-to-rise-in-2021. Whatever the situation, it would appear that gallium supply is inelastic.

So far, sampling at Tiria-Shimpia has produced maximum values of 163 parts per million (“ppm”) for gallium and 39 ppm for indium. These high values are associated with high silver and zinc grades in rock-chip samples (Table 1). According to Kitco Metals (https://www.kitco.com/strategic-metals/), the gallium price has ranged between approximately US$200 to US$534 per kilogram (“kg”) over the past five years. The Indium price is reported by Kitco Metals to US$290 to US$490 per kg over the past five years.

It should be made clear that the Company has not performed any metallurgical testing to date to determine the extent to which these metals are recoverable in any quantity, if at all.

About the Area

Gallium and indium values are concentrated in the central part of the Tiria-Shimpia target in an area approximately 500 metres long, that remains open to the south. Elevated gallium and indium are found in crackle-brecciated limestone that contains veins of sphalerite and barite, associated with high values in silver and zinc reported in prior press releases dated May 21, 2021.

Table 1. Summary of rock-chip samples from the Shimpia central area.

Sample Number	Gallium	Indium	Silver	Zinc
Sample Number	(g/t)	(g/t)	(g/t)	(%)
Y993462	163	9.6	43.8	37.0
E797971	160	38.6	6.3	25.9
Y992200	154	14.9	56.8	49.1
Y993461	132	33.7	73.4	40.3
Y992199	109	0.9	31.1	40.2
Y993454	31	5.9	4.9	15.2

Sample Analysis & Quality Assurance / Quality Control (“QAQC”)

Laboratories: The rock samples were prepared for analysis at MS Analytical (“MSA”) in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada.

Sample preparation: The rock samples were jaw-crushed to 10 mesh (crushed material passes through a mesh with apertures of 2 millimetres (“mm”)), from which a one-kilogram sub-sample was taken. The sub-sample was crushed to a grain size of 0.075mm and a 200 gram (“g”) split was set aside for analysis.

Analytical procedure: Approximately 0.25g of rock pulp underwent four-acid digestion and analysis for 48 elements by ICP-MS. For the over-limit samples, those that had a grade of greater than 1% copper and 100g/t silver, 0.4 grams of pulp underwent digestion in four acids and the resulting liquid was diluted and analyzed by ICP-MS.

QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches. Aurania’s analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits. In addition, the labs reported that the analyses had passed their internal QAQC tests.

Qualified Person

The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania

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

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

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

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

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, 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, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, 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.

Aurania Confirms Significant Amounts Of High-Tech Metals In Tiria-Shimpia Samples

Posted on May 25, 2021 by Admin

Aurania Confirms Significant Amounts Of High-Tech Metals In Tiria-Shimpia Samples

It should be made clear that the Company has not performed any metallurgical testing to date to determine the extent to which these metals are recoverable in any quantity, if at all.

About the Area

Table 1. Summary of rock-chip samples from the Shimpia central area.

Sample Number	Gallium	Indium	Silver	Zinc
Sample Number	(g/t)	(g/t)	(g/t)	(%)
Y993462	163	9.6	43.8	37.0
E797971	160	38.6	6.3	25.9
Y992200	154	14.9	56.8	49.1
Y993461	132	33.7	73.4	40.3
Y992199	109	0.9	31.1	40.2
Y993454	31	5.9	4.9	15.2

Sample Analysis & Quality Assurance / Quality Control (“QAQC”)

Laboratories: The rock samples were prepared for analysis at MS Analytical (“MSA”) in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada.

Qualified Person

About Aurania

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

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