Thursday, April 29, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
More Good News

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.

Drilling results underscore significant mineral resource potential. Chakana Copper released results from 8 exploration holes from Huancarama representing 1,522.1 meters of drilling, and 5 resource definition drill holes from Paloma East representing 1,455.15 meters of drilling. At Huancarama East, the drilling program has defined a large zone of copper-gold-silver mineralization that is expected to be of importance to the company’s maiden resource estimate. At Huancarama West, the exploration drilling continues to define continuity, while drilling at Paloma East has revealed significant near-surface mineralization.


Drilling program for calendar year 2021.  Including drilling activities that commenced in August 2020, a total of 32,000 meters of drilling is anticipated through 2021. This includes 56 drill holes, representing 11,062.5 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 …

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. 

Palladium One Intersects Massive Sulphides in Multiple Holes at Tyko Nickel-Copper Project, in Ontario

 

Toronto, Ontario–(Newsfile Corp. – April 28, 2021) – Multiple massive sulphide intersections have been intersected in the Phase II Tyko drill program said Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) today. The Phase II program was designed to test the down dip continuity of the Electomagnetic (“EM”) Maxwell Plate “Plate” that was modelled subsequent to the Q4 2020 Phase I drill program.

A total of 14 holes were completed, 11 of which intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which previously returned up to 9.9% Ni_Eq over 3.8 metres (see press release January 19, 2021)

Key Highlights:

• Drilling has confirmed continuity along the 350-meter strike length increasing the scale of known nickel-copper mineralization.
• The ‘lower conductor’ has been confirmed to host massive to semi massive sulphide mineralization, thus potentially adding additional high-grade intercepts.
• 11 drill holes intersected massive or semi-massive sulphide mineralization ranging from 1.3 to 5.0 meters in length.
• The zone remains open to the northwest.

President and CEO, Derrick Weyrauch commented, “We are extremely pleased to have extended known mineralization in the Phase II drill program at Smoke Lake. Drilling has been suspended due to significant equipment issues and the spring thaw. Prior to the resumption of drilling, we plan to conduct additional EM surveys with the objective of extending the existing Plate(s) and refining future drill locations. The lower conductor remains open to the northwest and drilling has shown it to be a continuation of sulphide lens we intersected at surface in the Phase I program. We are eagerly awaiting first assay results form the lab.”

The most significant result of Phase II drill program was the linking of massive sulphide mineralization in the ‘upper conductor’ with the ‘lower conductor’ (Figure 1.) The Upper Conductor was the primary focus of the Phase I drill program, with the Lower Conductor only having been tested with one drill hole (TK-20-024) which returned 6.27% Ni_Eq over 0.9 meters (see press release January 19, 2021).

The Phase II drill program indicates a continuous elongate lens of sulphide mineralization joining the upper and lower conductors that dips to the west and plunge to northwest. This sulphide mineralization appears to be remobilized and injected into the tonalite host rocks cross cutting the foliation in the tonalite (Figure 6) and containing well-rounded tonalite and biotite altered hornblendite clasts. The focus of the upcoming geophysical programs will be to continue to trace the Smoke Lake sulphide lens to depth and identify the source of this remobilized sulphide mineralization, as well look for other zones of nickel-copper sulphide mineralization on the 20,000-hectare Tyko property.

A total of 14 holes totalling 1,370 meters were completed before a significant drill breakdown combined with the onset of early spring conditions forced the suspension of the drill program. Drilling will resume once Geotech’s VTEMmax airborne EM survey and additional down hole and ground EM surveys have been completed.

Figure 1. Smoke Lake plan map showing EM conductor Plates with 2020 and 2021 drill holes overlain on first vertical magnetics. Mineralized intersections for 2021 drill holes (blue traces) are given in meters, MS = massive sulphide, SM = semi-massive, STR = stringer, DISS = Disseminated.

Figure 2. Massive and semi-massive magmatic sulphide intersections in holes TK-20-029, 30 and 35. Wall rock is tonalite, and hornblendite.

Figure 3. Closeup of coarse pentlandite eyes in hole TK-21-035.

Figure 4. Closeup of massive and semi-massive sulphide in hole TK-20-030.

Figure 5. Closeup of deepest (130 metres) intercept to date of massive sulphide (1.6 meters wide) in the Lower Conductor, hole TK-21-041.

Figure 6. Evidence of remobilized sulphide being injection into the foliated tonalite in the Lower Conductor, hole TK-21-042.

QA/QC

The Phase II 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. The drill core samples were transported by company staff the Company’s core handling facility, to Actlabs laboratory in Thunder Bay, Ontario. Actlabs, is an accredited lab and are ISO compliant (ISO 9001:2015, ISO/IEC 17025:2017). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-OES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.5 grams with an ICP-MS or ICP-OES 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

About Tyko Ni-Cu-PGE Project

The Tyko Ni-Cu-PGE Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel focused project with the most recent drill hole intercepts returning up to 9.9% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 1.3g/t PGE) in hole TK-20-023.

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.

Chakana Reports High-Grade Intersects

 

125.0m of 0.63 g/t Au, 0.54% Cu, and 55.7 g/t Ag (1.43% Cu-eq); Including 15.0m of 2.29 g/t Au, 1.27% Cu, and 248.6 g/t Ag (4.89% Cu-eq) at Huancarama

Vancouver, British Columbia–(Newsfile Corp. – April 28, 2021) – Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the “Company“ or “Chakana“), is pleased to provide recently received drill results from eight exploration holes from Huancarama totaling 1,522.1m (Table 1) and five resource drill holes from Paloma East totaling 1,455.15m (Table 2). Drilling continues as part of a fully-funded 26,000m exploration and resource drilling program (Fig. 1).

David Kelley, President and CEO, commented, “It is great to see these strong results from both new exploration drilling and definition drilling. At Huancarama East, we are clearly defining a sizeable zone of copper-gold-silver mineralization that should feature prominently in our resource estimation plans. At Huancarama West, the exploration drilling continues to define shapes and continuity, while Paloma East has impressive significant near-surface mineralization and long runs of mineralization, including 163.9m of 0.42 g/t Au, 0.33% Cu, and 11.7 g/t Ag from surface in tourmaline breccia that is open at depth. The drill program continues to run smoothly with effective COVID protocols in place.”

Huancarama Exploration Drilling

Table 1. Mineralized intervals from Huancarama include:

DDH #	From      –     To (m)		Core Length (m)	Au g/t	Ag g/t	Cu %	Cu-eq %*	Au-eq g/t*
SDH21-176	1.50	5.55	4.05	1.85	9.4	0.07		1.97
and	67.00	80.00	13.00	0.77	42.2	0.12		1.51
and	153.30	157.00	3.70	2.87	99.8	1.87	4.60	7.04
and	199.00	324.00	125.00	0.63	55.7	0.54	1.43	2.18
including	207.00	214.00	7.00	1.43	169.6	2.78	5.16	7.90
including	278.00	293.00	15.00	2.29	248.6	1.27	4.89	7.48
SDH21-177	21.10	29.00	7.90	1.36	8.4	0.17		1.73
and	41.70	44.60	2.90	1.55	4.6	0.02		1.61
and	118.70	122.00	3.30	0.19	67.4	0.32	1.02	1.56
SDH21-180	No Significant Results
SDH21-182	80.00	104.00	24.00	0.20	219.5	0.45	2.46	3.76
SDH21-183	96.00	113.00	17.00	0.63	143.5	1.94	3.58	5.47
SDH21-185	No Significant Results
SDH21-186	No Significant Results
SDH21-187	167.20	217.00	49.80	0.92	53.3	0.80	1.86	2.84
including	197.00	216.00	19.00	1.89	108.1	1.61	3.77	5.77
and	268.00	312.85	44.85	0.62	22.5	1.00	1.60	2.44

 

* 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).

Eight holes were drilled in the Huancarama Breccia Complex – seven holes were collared on the western side of the complex, and one hole was collared on the far eastern side (Figs. 2 and 3). Hole SDH21-176 started on the western side of the complex intercepting two breccias, then continued across to the east-southeast of the complex with continuous breccia encountered from 199.0 to 324.0m depth. Hole SDG21-187 was drilled to the southwest and intersected two continuous zones from 167.2m to 217.0m, and 268.0m to 312.85m depth. Given the grade and continuity of mineralization in the Huancarama East breccia pipe, resource drilling has been focused in this area. Examples of mineralized drill core from these holes are shown in Figure 6.

Paloma East Resource Drilling

Table 2. Mineralized intervals from resource drilling at Paloma East include:

DDH #	From    –     To (m)		Core Length (m)	Au g/t	Ag g/t	Cu %	Cu-eq %*	Au-eq g/t*
SDH21-178	0.30	7.00	6.70	1.88	10.4	0.21	1.53	2.34
and	47.00	162.00	115.00	0.13	27.0	0.22	0.54	0.82
including	126.00	144.00	18.00	0.07	108.1	0.19	1.16
SDH21-179	53.00	144.00	91.00	0.13	16.5	0.50	0.73	1.11
and	213.00	217.40	4.40	0.65	85.9	0.29	1.45	2.22
SDH21-181	49.00	140.00	91.00	0.19	19.5	0.68	0.97	1.49
SDH21-184	3.25	132.00	128.75	0.38	11.4	0.21	0.56	0.85
and	161.30	173.00	11.70	0.17	14.9	0.38	0.62	0.95
SDH21-188	0.10	164.00	163.90	0.42	11.7	0.33	0.70	1.08
including	20.00	35.00	15.00	2.17	18.0	0.02		2.41
including	69.00	83.00	14.00	0.24	31.7	1.40	1.83	2.80

 

* 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).

At Paloma East, five holes were drilled as part of the resource drilling program (Figs. 4 and 5). Three holes were set up on the west side of the breccia pipe and drilled to the east, and two holes were set up on the northeast side and drilled to the southwest. Shallow mineralization was encountered in all five holes. Hole SDH21-188 intersected 163.9m of mineralized breccia starting at surface, then continued to the southwest where strongly pyritic breccia was encountered at depth. Examples of mineralized drill core from these holes are shown in Figure 7. Additional infill drilling is being planned for the shallow mineralized zone at Paloma East.

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, 11,062.5m have been reported in 56 drill holes for the Paloma and Huancarama areas. For the 26,000m of drilling planned in 2021, the Company will complete approximately 16,000m of resource definition drilling. This drill program will be integral to the publication of a maiden resource 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. A strategic review of exploration targets is underway and plans are currently being finalized with an update to shareholders to follow.

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 45,061 metres of drilling has been completed to date, testing ten (10) of twenty-three (23) confirmed breccia pipes. The exploration team has identified 110 targets in total on the project, 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 the Huancarama Breccia Complex and drill hole lithology in holes completed to date. Red shapes projected to surface represents tourmaline breccia pipes based on all holes drilled to date and lithology mapped in the underground tunnel. Black dotted outlines show surface expression of mapped breccias (H1-H5); white dashed line shows collapse zone. Location of section line for Figure 3 indicated.

Figure 3 – Section looking north highlighting the drill holes at Huancarama reported in this release. Light red 3D shapes show preliminary shape of breccias based on all drill holes.

Figure 4 – Map of Paloma and drill hole lithology in holes completed to date. Location of section line for Figure 5 indicated.

Figure 5 – Section looking northwest highlighting the drill holes at Paloma East reported in this release. Light red 3D shapes show preliminary shape of breccias based on all drill holes.

Figure 6 – Huancarama core photos from drill holes reported in this release: SDH21-176 (154.0m) Tourmaline breccia replaced by chalcopyrite-pyrite; SDH21-176 (212.9m) Tourmaline breccia with selective clast replacement by chalcopyrite; SDH21-187 (197.7m) Tourmaline breccia with coarse chalcopyrite cement (open space filling); SDH21-187 (279.25m) and SDH21-187 (279.95m) Tourmaline-replace mosaic breccia with chalcopyrite-cemented matrix (note euhedral quartz crystals). Core diameter is 6.35cm (HQ) in all instances.

Figure 7 – Paloma East core photos from drill holes reported in this release: SDH21-181 (116.3m) Mosaic breccia clasts replaced by chalcopyrite-pyrite; SDH21-181 (187.0m) Tourmaline breccia with clasts of banded siderite; SDH21-188 (78.3m) Tourmaline mosaic breccia with coarse chalcopyrite cement (left) and pyrite clast replacement (right); SDH21-187 (279.25m) Pyrite-replaced tourmaline breccia typical of the deeper parts of Paloma East (note euhedral pyrite crystals). Core diameter is 6.35cm (HQ) in all instances.

Chakana Reports High-Grade Intersects

 

125.0m of 0.63 g/t Au, 0.54% Cu, and 55.7 g/t Ag (1.43% Cu-eq); Including 15.0m of 2.29 g/t Au, 1.27% Cu, and 248.6 g/t Ag (4.89% Cu-eq) at Huancarama

Vancouver, British Columbia–(Newsfile Corp. – April 28, 2021) – Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the “Company“ or “Chakana“), is pleased to provide recently received drill results from eight exploration holes from Huancarama totaling 1,522.1m (Table 1) and five resource drill holes from Paloma East totaling 1,455.15m (Table 2). Drilling continues as part of a fully-funded 26,000m exploration and resource drilling program (Fig. 1).

David Kelley, President and CEO, commented, “It is great to see these strong results from both new exploration drilling and definition drilling. At Huancarama East, we are clearly defining a sizeable zone of copper-gold-silver mineralization that should feature prominently in our resource estimation plans. At Huancarama West, the exploration drilling continues to define shapes and continuity, while Paloma East has impressive significant near-surface mineralization and long runs of mineralization, including 163.9m of 0.42 g/t Au, 0.33% Cu, and 11.7 g/t Ag from surface in tourmaline breccia that is open at depth. The drill program continues to run smoothly with effective COVID protocols in place.”

Huancarama Exploration Drilling

Table 1. Mineralized intervals from Huancarama include:

DDH #	From      –     To (m)		Core Length (m)	Au g/t	Ag g/t	Cu %	Cu-eq %*	Au-eq g/t*
SDH21-176	1.50	5.55	4.05	1.85	9.4	0.07		1.97
and	67.00	80.00	13.00	0.77	42.2	0.12		1.51
and	153.30	157.00	3.70	2.87	99.8	1.87	4.60	7.04
and	199.00	324.00	125.00	0.63	55.7	0.54	1.43	2.18
including	207.00	214.00	7.00	1.43	169.6	2.78	5.16	7.90
including	278.00	293.00	15.00	2.29	248.6	1.27	4.89	7.48
SDH21-177	21.10	29.00	7.90	1.36	8.4	0.17		1.73
and	41.70	44.60	2.90	1.55	4.6	0.02		1.61
and	118.70	122.00	3.30	0.19	67.4	0.32	1.02	1.56
SDH21-180	No Significant Results
SDH21-182	80.00	104.00	24.00	0.20	219.5	0.45	2.46	3.76
SDH21-183	96.00	113.00	17.00	0.63	143.5	1.94	3.58	5.47
SDH21-185	No Significant Results
SDH21-186	No Significant Results
SDH21-187	167.20	217.00	49.80	0.92	53.3	0.80	1.86	2.84
including	197.00	216.00	19.00	1.89	108.1	1.61	3.77	5.77
and	268.00	312.85	44.85	0.62	22.5	1.00	1.60	2.44

 

* 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).

Eight holes were drilled in the Huancarama Breccia Complex – seven holes were collared on the western side of the complex, and one hole was collared on the far eastern side (Figs. 2 and 3). Hole SDH21-176 started on the western side of the complex intercepting two breccias, then continued across to the east-southeast of the complex with continuous breccia encountered from 199.0 to 324.0m depth. Hole SDG21-187 was drilled to the southwest and intersected two continuous zones from 167.2m to 217.0m, and 268.0m to 312.85m depth. Given the grade and continuity of mineralization in the Huancarama East breccia pipe, resource drilling has been focused in this area. Examples of mineralized drill core from these holes are shown in Figure 6.

Paloma East Resource Drilling

Table 2. Mineralized intervals from resource drilling at Paloma East include:

DDH #	From    –     To (m)		Core Length (m)	Au g/t	Ag g/t	Cu %	Cu-eq %*	Au-eq g/t*
SDH21-178	0.30	7.00	6.70	1.88	10.4	0.21	1.53	2.34
and	47.00	162.00	115.00	0.13	27.0	0.22	0.54	0.82
including	126.00	144.00	18.00	0.07	108.1	0.19	1.16
SDH21-179	53.00	144.00	91.00	0.13	16.5	0.50	0.73	1.11
and	213.00	217.40	4.40	0.65	85.9	0.29	1.45	2.22
SDH21-181	49.00	140.00	91.00	0.19	19.5	0.68	0.97	1.49
SDH21-184	3.25	132.00	128.75	0.38	11.4	0.21	0.56	0.85
and	161.30	173.00	11.70	0.17	14.9	0.38	0.62	0.95
SDH21-188	0.10	164.00	163.90	0.42	11.7	0.33	0.70	1.08
including	20.00	35.00	15.00	2.17	18.0	0.02		2.41
including	69.00	83.00	14.00	0.24	31.7	1.40	1.83	2.80

 

* 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).

At Paloma East, five holes were drilled as part of the resource drilling program (Figs. 4 and 5). Three holes were set up on the west side of the breccia pipe and drilled to the east, and two holes were set up on the northeast side and drilled to the southwest. Shallow mineralization was encountered in all five holes. Hole SDH21-188 intersected 163.9m of mineralized breccia starting at surface, then continued to the southwest where strongly pyritic breccia was encountered at depth. Examples of mineralized drill core from these holes are shown in Figure 7. Additional infill drilling is being planned for the shallow mineralized zone at Paloma East.

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, 11,062.5m have been reported in 56 drill holes for the Paloma and Huancarama areas. For the 26,000m of drilling planned in 2021, the Company will complete approximately 16,000m of resource definition drilling. This drill program will be integral to the publication of a maiden resource 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. A strategic review of exploration targets is underway and plans are currently being finalized with an update to shareholders to follow.

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 45,061 metres of drilling has been completed to date, testing ten (10) of twenty-three (23) confirmed breccia pipes. The exploration team has identified 110 targets in total on the project, 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 the Huancarama Breccia Complex and drill hole lithology in holes completed to date. Red shapes projected to surface represents tourmaline breccia pipes based on all holes drilled to date and lithology mapped in the underground tunnel. Black dotted outlines show surface expression of mapped breccias (H1-H5); white dashed line shows collapse zone. Location of section line for Figure 3 indicated.

Figure 3 – Section looking north highlighting the drill holes at Huancarama reported in this release. Light red 3D shapes show preliminary shape of breccias based on all drill holes.

Figure 4 – Map of Paloma and drill hole lithology in holes completed to date. Location of section line for Figure 5 indicated.

Figure 5 – Section looking northwest highlighting the drill holes at Paloma East reported in this release. Light red 3D shapes show preliminary shape of breccias based on all drill holes.

Figure 6 – Huancarama core photos from drill holes reported in this release: SDH21-176 (154.0m) Tourmaline breccia replaced by chalcopyrite-pyrite; SDH21-176 (212.9m) Tourmaline breccia with selective clast replacement by chalcopyrite; SDH21-187 (197.7m) Tourmaline breccia with coarse chalcopyrite cement (open space filling); SDH21-187 (279.25m) and SDH21-187 (279.95m) Tourmaline-replace mosaic breccia with chalcopyrite-cemented matrix (note euhedral quartz crystals). Core diameter is 6.35cm (HQ) in all instances.

Figure 7 – Paloma East core photos from drill holes reported in this release: SDH21-181 (116.3m) Mosaic breccia clasts replaced by chalcopyrite-pyrite; SDH21-181 (187.0m) Tourmaline breccia with clasts of banded siderite; SDH21-188 (78.3m) Tourmaline mosaic breccia with coarse chalcopyrite cement (left) and pyrite clast replacement (right); SDH21-187 (279.25m) Pyrite-replaced tourmaline breccia typical of the deeper parts of Paloma East (note euhedral pyrite crystals). Core diameter is 6.35cm (HQ) in all instances.

Ely Gold Royalties Reports Year End Financials

 

Shareholder Equity Increases 470% – Gross Revenue Climbs to $4.1M
Working Capital Increases to $7.8 Million

Vancouver, British Columbia, April 28, 2021 – Ely Gold Royalties Inc. (TSX-V: ELY, OTCQX: ELYGF) (“Ely Gold” or the “Company” has reported year-end financial results for the fourth quarter (“Q4 2020”) and year (“FY 2020”) ended December 31, 2020. All figures are in Canadian Dollars, unless otherwise expressed. The Company’s Financial Statements and MD&A, Q4 2020 and FY 2020 have been filed on SEDAR and are available on the Company’s website.

Financial Highlights for the Fiscal Year ending December 31, 2020

• Cash balance of $7,381,784 compared to a cash balance of $2,973,520 for FY 2019;
• Working capital of $7,810,155 compared to working capital of $2,948,823 for FY 2019;
• Revenue of $3,349,450 compared to revenue of $2,082,830 for FY 2019;
• Total Gross proceeds from optioned properties and royalty assets of $4,122,966 compared to $3,155,110 for FY 2019; and
• Shareholders’ equity up 470% to $41,042,723 compared to $8,723,557 for FY 2019.

Financing Activities

• 21,562,500 shares issued through a brokered private placement for net proceeds of $16,450,990;
• 24,634,957 shares issued on exercise of warrants for total proceeds of $6,6,857,638; and
• 1,675,000 shares issued on exercise of employee options for total proceeds of $384,000.

Acquisitions
During the year the Company completed the acquisition several acquisitions but the most significant were:

• VEK Associates by paying US$5,000,000 and the issuance of warrants. VEK owns interests in the following leases with royalties:
• REN 1.5% NSR;
• Marigold .75% NSR;
• Lone Tree 1.5% NSR;
• Carlin Mine 1.5% NSR; and
• Getchell 1.5% NSR.
  • Jerritt Canyon 0.5% NSR for $11,553,163 in shares and warrants;
  • Mineral Interests and .44% NSR at Railroad-Pinon for US$1365,000 cash and warrants;
  • Rawhide 15% NPI for US$800,000 and warrants;
  • Borden Lake .4% NSR for $307,000 in cash, 100,000 shares 130,000 warrants;
  • Additional 1% NSR at Lincoln Hill for US$1,000,000 and warrants;
  • Ren 3.5% NPI for US$500,000;
  • Watershed 2% NSR at Cote Lake Mine for $2,520,000 and warrants;
  • Sleeper .5% NSR for US$250,000; and
  • Trenton Canyon .3% GRR for US$350,000 and warrants.

Property Sales
In FY 2020, Ely Gold sold twelve projects to third parties adding to its royalty generation portfolio which now totals 29 properties. All projects were sold under a four-year option contract and will generate NSR royalties if exercised. They include the Tonopah West Project optioned to Blackrock Silver and the Weepah & Spanish Moon Projects optioned to Eminent Gold.

Trey Wasser, President and CEO of Ely Gold commented; “2020 was a formative year, on all fronts for Ely Gold. In a challenging environment, we added substantial shareholder value by increasing assets, revenues & property sales. Our continued focus on gold assets in North America is proving to be a solid strategy for future growth for Ely Gold Shareholders.”

About Ely Gold Royalties Inc. Ely Gold Royalties Inc. is a Nevada focused gold royalty company. Its current portfolio includes royalties at 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 favorable leverage to gold prices and low-cost access to long-term gold royalties in safe mining jurisdictions.

On Behalf of the Board of Directors
Signed “Trey Wasser”
Trey Wasser, President & CEO

For further information, please contact:

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

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

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

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

Palladium One Intersects Massive Sulphides in Multiple Holes at Tyko Nickel-Copper Project, in Ontario

 

Toronto, Ontario–(Newsfile Corp. – April 28, 2021) – Multiple massive sulphide intersections have been intersected in the Phase II Tyko drill program said Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) today. The Phase II program was designed to test the down dip continuity of the Electomagnetic (“EM”) Maxwell Plate “Plate” that was modelled subsequent to the Q4 2020 Phase I drill program.

A total of 14 holes were completed, 11 of which intersected massive and/or semi-massive sulphide mineralization at the Smoke Lake Zone, which previously returned up to 9.9% Ni_Eq over 3.8 metres (see press release January 19, 2021)

Key Highlights:

• Drilling has confirmed continuity along the 350-meter strike length increasing the scale of known nickel-copper mineralization.
• The ‘lower conductor’ has been confirmed to host massive to semi massive sulphide mineralization, thus potentially adding additional high-grade intercepts.
• 11 drill holes intersected massive or semi-massive sulphide mineralization ranging from 1.3 to 5.0 meters in length.
• The zone remains open to the northwest.

President and CEO, Derrick Weyrauch commented, “We are extremely pleased to have extended known mineralization in the Phase II drill program at Smoke Lake. Drilling has been suspended due to significant equipment issues and the spring thaw. Prior to the resumption of drilling, we plan to conduct additional EM surveys with the objective of extending the existing Plate(s) and refining future drill locations. The lower conductor remains open to the northwest and drilling has shown it to be a continuation of sulphide lens we intersected at surface in the Phase I program. We are eagerly awaiting first assay results form the lab.”

The most significant result of Phase II drill program was the linking of massive sulphide mineralization in the ‘upper conductor’ with the ‘lower conductor’ (Figure 1.) The Upper Conductor was the primary focus of the Phase I drill program, with the Lower Conductor only having been tested with one drill hole (TK-20-024) which returned 6.27% Ni_Eq over 0.9 meters (see press release January 19, 2021).

The Phase II drill program indicates a continuous elongate lens of sulphide mineralization joining the upper and lower conductors that dips to the west and plunge to northwest. This sulphide mineralization appears to be remobilized and injected into the tonalite host rocks cross cutting the foliation in the tonalite (Figure 6) and containing well-rounded tonalite and biotite altered hornblendite clasts. The focus of the upcoming geophysical programs will be to continue to trace the Smoke Lake sulphide lens to depth and identify the source of this remobilized sulphide mineralization, as well look for other zones of nickel-copper sulphide mineralization on the 20,000-hectare Tyko property.

A total of 14 holes totalling 1,370 meters were completed before a significant drill breakdown combined with the onset of early spring conditions forced the suspension of the drill program. Drilling will resume once Geotech’s VTEMmax airborne EM survey and additional down hole and ground EM surveys have been completed.

Figure 1. Smoke Lake plan map showing EM conductor Plates with 2020 and 2021 drill holes overlain on first vertical magnetics. Mineralized intersections for 2021 drill holes (blue traces) are given in meters, MS = massive sulphide, SM = semi-massive, STR = stringer, DISS = Disseminated.

Figure 2. Massive and semi-massive magmatic sulphide intersections in holes TK-20-029, 30 and 35. Wall rock is tonalite, and hornblendite.

Figure 3. Closeup of coarse pentlandite eyes in hole TK-21-035.

Figure 4. Closeup of massive and semi-massive sulphide in hole TK-20-030.

Figure 5. Closeup of deepest (130 metres) intercept to date of massive sulphide (1.6 meters wide) in the Lower Conductor, hole TK-21-041.

Figure 6. Evidence of remobilized sulphide being injection into the foliated tonalite in the Lower Conductor, hole TK-21-042.

QA/QC

The Phase II 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. The drill core samples were transported by company staff the Company’s core handling facility, to Actlabs laboratory in Thunder Bay, Ontario. Actlabs, is an accredited lab and are ISO compliant (ISO 9001:2015, ISO/IEC 17025:2017). PGE analysis was performed using a 30 grams fire assay with an ICP-MS or ICP-OES finish. Multi-element analyses, including copper and nickel were analysed by four acid digestion using 0.5 grams with an ICP-MS or ICP-OES 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

About Tyko Ni-Cu-PGE Project

The Tyko Ni-Cu-PGE Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel focused project with the most recent drill hole intercepts returning up to 9.9% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 1.3g/t PGE) in hole TK-20-023.

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.

Aurania Provides Quarterly Update And Hosts Conference Call

 

Toronto, Ontario, April 27, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to provide an update of activities, many of which are highlights from the Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2020.  These reports are available under Aurania’s public filings on SEDAR at www.sedar.com and on the Company’s website.   Aurania’s Chairman and CEO, Dr. Keith Barron and President, Dr. Richard Spencer will be hosting a webcasted quarterly update conference call today to discuss recent developments.  The webcast link and dial-in details for the conference call are listed below.

Conference Call & Webcast Details

April 27^th, 2021 at 12:30pm EDT.

Webcast URL:  Click here to join the webcast.

When prompted, webcast participants enter: First Name, Last Name, Company, Email Address.

Participant Telephone Numbers*

Canada/USA Toll Free: 1-800-319-4610

Toronto Toll: +1-416-915-3239

UK & Europe Toll Free: 0808-101-2791

*Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join Aurania’s call.

Scout Drilling:

The Company has two drills operating: one at Kuri-Yawi and the lighter-weight rig at Tsenken N1.

• Tsenken N1 (Sedimentary-hosted copper-silver target): The Company reported in its press release dated April 23, 2021, that native copper had been intersected immediately beneath a lava seal in the sedimentary basin that is being targeted for sediment-hosted copper.  The first drill hole, TSN1-001 was drilled to a depth of 722 metres (“m”).  Results form the first hole have been used to site a second hole that aims to intersect an area in which copper in the metal-bearing fluids circulating in the sedimentary basin are likely to have interacted with sulphur-bearing fluids, resulting in the development of copper sulphide mineralization.  The second drill hole, TSN1-002 is currently at a depth of 200m and is planned to reach a depth of 400m-450m.
• Kuri-Yawi (Epithermal gold-silver and porphyry target): The objective of hole YW-008 at Kuri-Yawi (renamed from “Yawi”), is to explore a MobileMT target that includes a conductive column within a resistive zone – which is what an epithermal gold-silver system may look like, above a conductive cylinder that has the characteristics of a porphyry (a copper target).  The Company has reported on pyrobitumen occurring with pyrite (iron sulphide) and sphalerite (zinc sulphide) in banded carbonate and chalcedony veinlets that have epithermal characteristics.  The current hole is the 8^th, following the 7 scout drilling holes completed in 2020 in the Kuri-Yawi target.  The hole is currently at approximately 950m depth and is planned to 1,200m.

Exploration Highlights

Tiria-Shimpia (Silver-zinc target): More detailed channel sampling and geological mapping has started on the 15 kilometre (“km”) long silver-zinc target, with initial results of the channel-chip sampling having been reported in the press release dated April 12, 2021.  Mineralization has been found where limestone and dolomite are interlayered with sandstone.  To date, seven mineralized layers have been traced along trend for between 500m and 1.1km.

Regional Exploration: Stream sediment sampling and regional exploration has identified new target areas that will be reported on shortly when results are back from the lab.  A new epithermal gold-silver target, called Kuripan, has been identified and a new area of silver-zinc, called Shimpia North, has been discovered.

MobileMT Geophysical Survey

The final report on the heliborne, mobile magnetotelluric (“MobileMT”) geophysical survey has been received from Expert Geophysics Limited with MPX Geophysics as operator.  Five blocks were covered in the MobileMT survey and the Company’s intention is to fly another three blocks later in the year (likely early Q3) when the weather should be clearer, which should improve the efficiency of the data collection.  The MobileMT data are being integrated with other exploration data to refine targets for scout drilling.

Lost Cities

Field teams have discovered a collapsed cavity across one of the silver-zinc veins at Tiria-Shimpia close to the roads that were identified in LiDAR images reported in the press release dated December 15, 2020.  The cavity is suspected to be an old working from Colonial Spanish times.  Due to unstable rock formations, our exploration teams will not try to access the cavity, but they are looking for more of these possible old mine workings.

NI 43-101 Report on Peru Properties

The NI43-101 technical report on the Company’s mineral properties in Peru is nearing completion.  Another five mineral concessions have been granted, bringing the total granted to eleven.

COVID-19 Situation

In 2020, fifteen members of the Company’s complement of forty-four staff (34%) tested positive for COVID-19.  On testing positive, these employees were lodged in an isolated facility for 14 days or for longer, until they tested negative for COVID-19.  A similar conservative quarantine approach was taken with staff who had been exposed to people who later tested positive. This aggressive protocol resulted in 378 lost workdays by staff.  An advantage of this protocol was that, to the Company’s knowledge, it has not transmitted the virus that causes COVID-19 to the local communities in which it operates, or with which is in contact.

In Q1, 2021, the infection rate of staff and contractors fell to zero.  However, since April 1, 2021, four cases have been identified and these staff members have been isolated, resulting in 56 lost workdays.  The first two staff members infected in early-April have recovered and are back at work, while the other two have mild symptoms and are recovering well.  The Company’s strict protocols are being maintained in an attempt to avoid the introduction of new variants of the virus into the workplace and the communities in which the Company operates or is in contact with.

The Toronto office remains closed after all personnel started working remotely as a precaution to mitigate the spread of the COVID-19 virus in mid-March 2020.

Financial, Corporate and Regulatory

During the year-ended December 31, 2020, the Company raised $17.6M net, principally through a non-brokered private placement of units in March, the completion of an overnight marketed public offering in October, as well as through the exercise of warrants and stock options, resulting in the issuance of 5,617,833 shares. The Company also amended the Promissory Note 2017 and Promissory Note 2019 such that the notes become repayable on the day following the one-year anniversary of the lender requesting repayment.

Subsequent to year-end, in April 2021, the Company raised approximately $9M through an overnight marketed public offering and concurrent private placement.

Qualified Person

The technical 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 is 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.

Bunker Hill Mining Engages Cutfield Freeman & Co. As Re-Start Financing Advisor

 

TORONTO, April 27, 2021 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR) is pleased to announce that it has engaged Cutfield Freeman & Co. (“CF&Co.”) to provide independent advice on all aspects of restart mining finance related to the Bunker Hill Mine in Idaho, USA.

Sam Ash CEO stated, “As a logical next step on the back of our robust restart PEA that envisages $42 million of initial capital expenditures over a 15 month period, we are excited to be partnering with CF&Co., the pre-eminent global mining finance advisory firm, to assist us in evaluating project finance alternatives. We look forward to continuing discussions, and initiating new ones, with interested parties over the coming months concurrent with the completion of ongoing technical studies.”

About Bunker Hill Mining Corp.

Under new Idaho-based leadership, Bunker Hill Mining Corp intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or under its profile on SEDAR and EDGAR.

For additional information contact: ir@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or 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 the Company, the Company 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: the results of the Company’s Preliminary Economic Assessment (“PEA”); the potential of the Bunker Hill Mine to be re-started rapidly based on the results of the PEA; the PEA representing robust financial returns; estimated capital expenditures and restart timeline; the timing for discussions with interested parties regarding restart financing and the completion of ongoing technical studies; and the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to those risks set out in the Company’s public documents filed on SEDAR and EDGAR. Although the Company 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. The Company 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 

Fascinating Facts How Mining Has Impacted Lives

 

Countries at all levels of development dig to unearth the resources needed to build wealth. Some regions are wealthy just by the benefit of location and the wealth they are literally sitting on. Other countries have endured centuries of constant security concern as their natural resources make them a target of a “hostile takeover.” The power of the elements, minerals, and even organic matter that lie within the earth continues to help usher in grand new eras; this is as true today as ever.

We’ve dug up seven interesting facts about precious materials. You can use this information to develop your next investment idea or share it with guests as you begin to entertain more this Spring and Summer.

 

Pre-Historic Miners

The first unearthed metals were gold and copper. Scientists have located copper pipes that are more than 5000 years old. Copper mining, at some level, dates back to at least 8700 BC.

 Your Consumption

The average American consumes 40,000 pounds of minerals each year.  This includes salt, the zinc used to prevent severe viral infections, and electrolytes such as those found in sports drinks like Gatorade.

 Petroleum Beyond Motor Fuel

We know that petroleum is used to make gasoline, but as gasoline demand becomes less, will this lower the price of production of other products made from oil? Only 45% of U.S. petroleum consumption in 2019 was in the form of gasoline. The rest was finished into wax, Vaseline, lipstick, crayons, asphalt, golf balls, fiberglass boats, chewing gum, car interiors, shopping bags, and so much more. Look around; our lives surround us with products resulting from drilling for oil.

 The ‘Luck of the Irish’

The gold and silver mining frenzy in the old West made folk heroes out of some miners. Many of the most famous and successful miners were of Irish descent. This gave rise to the phrase “The Luck of the Irish.”

Electronics

The average modern electronic device has more than 35 minerals in it. From your cell phone to the microwave you use to heat your lunch, modern electronics use gold, copper, lithium, zinc, and many other minerals to function.

Pyrite

Pyrite is one of the most widely used and distributed sulfide minerals. The name comes from the Greek word pyr meaning fire because pyrite emits sparks when struck by iron. In fact, it has been used to start fires since prehistoric times.

Gold is Elusive

It’s believed that upwards of 80% of the world’s gold is still eluding us below the earth’s surface. Pure gold is so soft that it can be molded with nothing more than a simple rigid hand tool.

 Resources and Mining

The world of mining has been beneficial to mankind for thousands of years before any written history—the natural resources that continue to be unearthed and those that are recaptured in recycling programs continue to improve our lives.

 

Sources: https://www.jewelsforme.com/gem_and_jewelry_library/pyrite#:~:text=Pyrite%20is%20one%20of%20the,start%20fires%20since%20prehistoric%20times

https://oilprice.com/Energy/Energy-General/10-Unexpected-Uses-of-Oil.html 

https://www.eia.gov/tools/faqs/faq.php?id=41&t=6#:~:text=What%20are%20petroleum%20products%2C%20and,in%20nearly%20everything%20we%20use

 

Bunker Hill Mining Engages Cutfield Freeman & Co. As Re-Start Financing Advisor

 

TORONTO, April 27, 2021 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR) is pleased to announce that it has engaged Cutfield Freeman & Co. (“CF&Co.”) to provide independent advice on all aspects of restart mining finance related to the Bunker Hill Mine in Idaho, USA.

Sam Ash CEO stated, “As a logical next step on the back of our robust restart PEA that envisages $42 million of initial capital expenditures over a 15 month period, we are excited to be partnering with CF&Co., the pre-eminent global mining finance advisory firm, to assist us in evaluating project finance alternatives. We look forward to continuing discussions, and initiating new ones, with interested parties over the coming months concurrent with the completion of ongoing technical studies.”

About Bunker Hill Mining Corp.

Under new Idaho-based leadership, Bunker Hill Mining Corp intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or under its profile on SEDAR and EDGAR.

For additional information contact: ir@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or 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 the Company, the Company 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: the results of the Company’s Preliminary Economic Assessment (“PEA”); the potential of the Bunker Hill Mine to be re-started rapidly based on the results of the PEA; the PEA representing robust financial returns; estimated capital expenditures and restart timeline; the timing for discussions with interested parties regarding restart financing and the completion of ongoing technical studies; and the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to those risks set out in the Company’s public documents filed on SEDAR and EDGAR. Although the Company 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. The Company 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Aurania Provides Quarterly Update And Hosts Conference Call

 

Toronto, Ontario, April 27, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to provide an update of activities, many of which are highlights from the Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2020.  These reports are available under Aurania’s public filings on SEDAR at www.sedar.com and on the Company’s website.   Aurania’s Chairman and CEO, Dr. Keith Barron and President, Dr. Richard Spencer will be hosting a webcasted quarterly update conference call today to discuss recent developments.  The webcast link and dial-in details for the conference call are listed below.

Conference Call & Webcast Details

April 27^th, 2021 at 12:30pm EDT.

Webcast URL:  Click here to join the webcast.

When prompted, webcast participants enter: First Name, Last Name, Company, Email Address.

Participant Telephone Numbers*

Canada/USA Toll Free: 1-800-319-4610

Toronto Toll: +1-416-915-3239

UK & Europe Toll Free: 0808-101-2791

*Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join Aurania’s call.

Scout Drilling:

The Company has two drills operating: one at Kuri-Yawi and the lighter-weight rig at Tsenken N1.

• Tsenken N1 (Sedimentary-hosted copper-silver target): The Company reported in its press release dated April 23, 2021, that native copper had been intersected immediately beneath a lava seal in the sedimentary basin that is being targeted for sediment-hosted copper.  The first drill hole, TSN1-001 was drilled to a depth of 722 metres (“m”).  Results form the first hole have been used to site a second hole that aims to intersect an area in which copper in the metal-bearing fluids circulating in the sedimentary basin are likely to have interacted with sulphur-bearing fluids, resulting in the development of copper sulphide mineralization.  The second drill hole, TSN1-002 is currently at a depth of 200m and is planned to reach a depth of 400m-450m.
• Kuri-Yawi (Epithermal gold-silver and porphyry target): The objective of hole YW-008 at Kuri-Yawi (renamed from “Yawi”), is to explore a MobileMT target that includes a conductive column within a resistive zone – which is what an epithermal gold-silver system may look like, above a conductive cylinder that has the characteristics of a porphyry (a copper target).  The Company has reported on pyrobitumen occurring with pyrite (iron sulphide) and sphalerite (zinc sulphide) in banded carbonate and chalcedony veinlets that have epithermal characteristics.  The current hole is the 8^th, following the 7 scout drilling holes completed in 2020 in the Kuri-Yawi target.  The hole is currently at approximately 950m depth and is planned to 1,200m.

Exploration Highlights

Tiria-Shimpia (Silver-zinc target): More detailed channel sampling and geological mapping has started on the 15 kilometre (“km”) long silver-zinc target, with initial results of the channel-chip sampling having been reported in the press release dated April 12, 2021.  Mineralization has been found where limestone and dolomite are interlayered with sandstone.  To date, seven mineralized layers have been traced along trend for between 500m and 1.1km.

Regional Exploration: Stream sediment sampling and regional exploration has identified new target areas that will be reported on shortly when results are back from the lab.  A new epithermal gold-silver target, called Kuripan, has been identified and a new area of silver-zinc, called Shimpia North, has been discovered.

MobileMT Geophysical Survey

The final report on the heliborne, mobile magnetotelluric (“MobileMT”) geophysical survey has been received from Expert Geophysics Limited with MPX Geophysics as operator.  Five blocks were covered in the MobileMT survey and the Company’s intention is to fly another three blocks later in the year (likely early Q3) when the weather should be clearer, which should improve the efficiency of the data collection.  The MobileMT data are being integrated with other exploration data to refine targets for scout drilling.

Lost Cities

Field teams have discovered a collapsed cavity across one of the silver-zinc veins at Tiria-Shimpia close to the roads that were identified in LiDAR images reported in the press release dated December 15, 2020.  The cavity is suspected to be an old working from Colonial Spanish times.  Due to unstable rock formations, our exploration teams will not try to access the cavity, but they are looking for more of these possible old mine workings.

NI 43-101 Report on Peru Properties

The NI43-101 technical report on the Company’s mineral properties in Peru is nearing completion.  Another five mineral concessions have been granted, bringing the total granted to eleven.

COVID-19 Situation

In 2020, fifteen members of the Company’s complement of forty-four staff (34%) tested positive for COVID-19.  On testing positive, these employees were lodged in an isolated facility for 14 days or for longer, until they tested negative for COVID-19.  A similar conservative quarantine approach was taken with staff who had been exposed to people who later tested positive. This aggressive protocol resulted in 378 lost workdays by staff.  An advantage of this protocol was that, to the Company’s knowledge, it has not transmitted the virus that causes COVID-19 to the local communities in which it operates, or with which is in contact.

In Q1, 2021, the infection rate of staff and contractors fell to zero.  However, since April 1, 2021, four cases have been identified and these staff members have been isolated, resulting in 56 lost workdays.  The first two staff members infected in early-April have recovered and are back at work, while the other two have mild symptoms and are recovering well.  The Company’s strict protocols are being maintained in an attempt to avoid the introduction of new variants of the virus into the workplace and the communities in which the Company operates or is in contact with.

The Toronto office remains closed after all personnel started working remotely as a precaution to mitigate the spread of the COVID-19 virus in mid-March 2020.

Financial, Corporate and Regulatory

During the year-ended December 31, 2020, the Company raised $17.6M net, principally through a non-brokered private placement of units in March, the completion of an overnight marketed public offering in October, as well as through the exercise of warrants and stock options, resulting in the issuance of 5,617,833 shares. The Company also amended the Promissory Note 2017 and Promissory Note 2019 such that the notes become repayable on the day following the one-year anniversary of the lender requesting repayment.

Subsequent to year-end, in April 2021, the Company raised approximately $9M through an overnight marketed public offering and concurrent private placement.

Qualified Person

The technical 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 is 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.

Tuesday, April 27, 2021

Newrange Gold (NRGOF)(NRG:CA)
Geophysical Survey Informs Upcoming Drill Program at North Birch

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

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

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.

IP survey informs drilling plans at North Birch. Newrange Gold has completed an induced polarization (IP) survey of the company’s North Birch Project in Ontario, Canada. A total of 73.7 line kilometers were completed, mostly over the eastern portion of the project area covering 7 kilometers of strike length along the main target horizon. The survey revealed several well-defined anomalies to target for the summer drilling program.


North Birch drilling program.  The company is preparing to establish a camp in late May staffed with a field crew for the summer. Mapping and sampling will be conducted across most of the 3,850-hectare property while diamond drilling is anticipated to commence in late June through early July and will consist of approximately 2,500 meters of drilling …

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

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

Monday, April 26, 2021

Sierra Metals (SMTS)(SMT:CA)
Trimming Estimates Based on Modestly Lower 2021 Production Expectations

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

Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico. Yauricocha is an underground polymetallic mine using the sublevel block caving and cut-and-fill mining methods. Bolivar is a copper-silver-zinc-gold underground mine using room-and-pillar mining method. The majority of the revenue is earned by selling of the mineral concentrates to its customers in Peru.

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.

Trimming 2021 production expectations. While Sierra is expected to meet its forecasted production guidance ranges, we now forecast silver, gold, copper, lead, and zinc production of 4.4 million ounces, 11.5 thousand ounces, 45.6 million pounds, 32.7 million pounds, and 105.0 million pounds, respectively. Our estimates are now closer to the midpoints of the company’s guidance for each metal. The company’s operations and ability to develop higher grade ore bodies have been hindered by the pandemic’s impact on Sierra’s work force. Upside to our estimates may depend on the negative impacts of the pandemic abating.


Updating estimates.  We have modestly lowered our 2021 EPS and EBITDA estimates to $0.36 and $166.1 million from $0.38 and $173.1 million, respectively. Our respective first quarter 2021 EPS and EBITDA estimates are $0.05 and $28.4 million. The reduction in our estimates reflects lower full year production and higher costs. Sierra Metals will release first quarter 2021 financial results after the …

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.