Maple Gold Mines (MGMLF)(MGM:CA) An Emerging World Class Gold Project in Quebec’s Renowned Abitibi Greenstone Belt
Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in the prolific Abitibi Greenstone Gold Belt of Quebec, Canada. The Company also holds an exclusive option to acquire 100% of the Eagle Mine Property located at Joutel.
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.
Initiating coverage. Maple Gold Mines is an exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM), Canada’s largest gold producer and the third largest globally, to jointly explore the contiguous Douay and Joutel Gold projects located in Quebec’s renowned Abitibi Greenstone Belt. The projects represent a large and highly prospective land package encompassing 400 square kilometers, including an existing gold resource with significant expansion potential at Douay, along with the past producing Telbel and Eagle mines at Joutel. Maple Gold controls 100% of the Eagle mine.
Significant resource expansion potential. Recently released results from an updated NI 43-101 mineral resource estimate for the JV’s Douay gold project highlighted an increase in indicated and inferred gold ounces to 3.036 million from 2.774 million ounces. The estimate does not include results from the Fall 2021 drilling program …
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.
TULSA, Okla.–(BUSINESS WIRE)– Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2022 financial results before the market opens on Monday, May 2, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the “investor information” section of ARLP’s website at http://www.arlp.com.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13729024.
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins.
ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.
In addition, ARLP also generates income from a variety of other sources.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at investorrelations@arlp.com.
Brian L. Cantrell Alliance Resource Partners, L.P. (918) 295-7673
Vancouver, B.C., April 18, 2022 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the“Company”or“Chakana”) is pleased to announce that it has reached a binding agreement with Condor Resources Inc. (“Condor”) to amend the terms of the purchase option agreement dated April 24, 2017, as amended on March 18, 2019, and November 13, 2020, relating to the Soledad Project.
Under the existing agreement, a final payment of US$4.425 million dollars was due to Condor on April 23, 2022. The parties have agreed to extend and amend the terms of the option to provide that Chakana may complete the exercise of the option by either, (1) paying US$2,800,000 and issuing 9,480,198 common shares to Condor’s Peruvian subsidiary prior to June 23, 2022, or (2) making the following cash and share payments to Condor’s Peruvian subsidiary over the next three-year period:
DATE
CASH PAYMENT
SHARES IN C$ EQUIVALENT
On or prior to June 23, 2022
US$800,000
C$200,000
On or prior to June 23, 2023
US$1,000,000
C$200,000
On or prior to June 23, 2024
US$1,000,000
C$200,000
On or prior to June 23, 2025
US$1,425,000
C$400,000
“This is an outstanding development for the Soledad project as it ensures that the capital raised by the company is better allocated to exploration and increasing value in the project. With either payment option, Condor increases their shareholding of Chakana, allowing them to further leverage the value we have created on their original mineral concessions with exposure to the upside on the much larger project that is now over 4,200 hectares. To date we have only tested 15% of the 122 targets currently defined on the project, leading to an initial inferred resource hosting 191,000 ounces of gold, 11.7 million ounces of silver, and 130 million pounds of copper as published on January 11, 2022,” stated President and CEO David Kelley.
The amounts of the share payments are subject to adjustment in the event of early or late payment. In addition, Condor has agreed to certain voluntary resale restrictions on the shares of Chakana to be issued to Condor, with periodic releases over an 18-month period.
Pursuant to the amendment agreement and as part of the amount owed to Condor, Chakana has also agreed to make a payment of US$200,000 to Condor’s Peruvian subsidiary by April 22, 2022.
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 is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. An initial inferred resource estimate for seven breccia pipes was announced in January, 2022 (see news release dated February 23, 2022), with 6.73 Mt containing 191,000 ounces of gold, 11.7 million ounces of silver, and 130 million pounds of copper. In addition, extensive multidisciplinary exploration has defined 122 exploration targets, 18 of which have been tested to date (15%), 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 base and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.
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.
VIRGINIA CITY, NEVADA, April 14, 2022 – Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced Corrado De Gasperis, Executive Chairman and CEO, Kevin Kreisler, President and CFO and William McCarthy, COO, will attend and present at the NobleCon 18th Annual Small & Microcap Investor Conference April 19-21, 2022, at the Hard Rock Guitar Hotel, Miami Gardens, in Hollywood, FL.
Organized by Noble Capital Markets, NobleCon 18 is a multi-sector Institutional Investor Conference and a Micr-Cap Showcase for investors with an emerging growth investment strategy. Noble Capital Markets is a research-driven investment bank focused on small cap emerging growth companies in the natural resources, transportation & logistics, technology, healthcare, and media sectors. Comstock converts under-utilized waste and renewable natural resources into fuels and electrification products that enable systemic decarbonization.
Mr. De Gasperis will provide a Company update during the live presentation and the whole Comstock team is scheduled to participate in one-on-one meetings with registered conference investors. Registration for these meetings includes a range from qualified investors, portfolio managers, and buy-side analysts from the largest institutions following small cap companies, to investment managers for single and multi-family offices. Private equity professionals, retail brokers, high net worth individuals and their advisors will also be in attendance.
NobleCon18 Investor Conference information and free registration can be found here.
About Comstock
Comstock (NYSE: LODE) innovates technologies that enable systemic decarbonization and circularity by efficiently converting under-utilized waste and renewable natural resources into fuels and electrification products that contribute to balancing global uses and emissions of carbon. Comstock plans to achieve extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, commercializing complimentary process solutions and related services, and licensing selected technologies to strategic partners.
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future changes in our research and development; and future prices and sales of, and demand for, our products and services. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither this press release nor any related call or discussion constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.
Contact information:
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com
Allegiant Gold is a mid-stage exploration stage company with 10 highly prospective projects in the southwest United States, including 7 projects in the State of Nevada. Allegiant’s flagship project is Eastside, a district-scale project in Nevada with inferred resources of 1.4 million gold and 8.8 million silver ounces of inferred resources and significant potential to add size and scale. The company’s shares trade on the TSX Venture Exchange under the ticker symbol “AUAU” and on the OTCQX under the ticker symbol “AUXXF.”
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.
Castle Zone Plan-of-Operations. Within the Eastside project area, Allegiant Gold commenced a Plan-of-Operations for the Castle Area to expand the permitted area from 5 acres to 1,648 acres. Castle is comprised of 130 claims encompassing an area of approximately 2,600 acres and includes the Berg, Blackrock, Boss, and Castle deposits.
Upgrading resources. The Castle Area hosts a pit-constrained inferred resource of 314,000 gold ounces averaging 0.49 grams of gold per tonne using a cut-off grade of 0.15 grams of gold per tonne. Allegiant’s goal is to expand the existing resource, upgrade resources from inferred to measured and indicated, along with conducting advanced metallurgical work leading up to an eventual preliminary …
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.
VIRGINIA CITY, NEVADA, April 13, 2022 – Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced it has a definitive agreement to acquire the Haywood quarry and industrial property (the “Haywood” or “Property) from Decommissioning Services LLC for a total of $2.1 million in cash and stock. The Haywood property represents approximately 190 industrial acres in Lyon County, Nevada, and part of the one of the largest industrial parks in Lyon County. The Property has power, water and immediate highway access.
The Company plans to immediately employ a portion of the property for used lithium-ion battery (“LIB”) storage, to support the battery metal recycling operations of LINICO Corporation (“LiNiCo”), one of Comstock’s renewable energy subsidiaries. The property will receive, sort, and store waste LIBs and has immediate and easy access to US 50 which simplifies as-needed transportation to LiNiCo’s battery metal crushing, separating and processing facility located in the Tahoe-Reno Industrial Center, right off US 50, in Storey County, NV.
“This site is a key acquisition, supporting Comstock’s transformation into a renewable energy company,” stated Mr. Corrado De Gasperis, Comstock’s Executive Chairman and CEO. “It requires minimal site preparation and permitting to become a critical link in the system necessary for LiNiCo to operate at maximum throughput.”
The property originally (and currently) hosted both gold and aggregate mineral resources and mining operations. The property is strategically located and contiguous to the Company’s mineral properties in Lyon County.
Conventional recycling processes suffer from high lithium losses. Once the pilot crushing and separating system is operating later this year, the Company plans on extracting lithium immediately after crushing and conditioning for market leading yields that maximize lithium recovery for reuse in these electrification products.
Securing this large industrial storage site complements the Nevada-based platform for a fully integrated series of operations where the Company is currently permitting and building both pilot and commercial scale facilities for lithium-ion batteries recycling and is preparing to commence operations later this year. LiNiCo’s near term plans include efficiently crushing and separating LIBs and producing pure black mass, rich in critical battery metals including lithium, nickel, cobalt, and graphite, and then extracting substantially all of the lithium first.
“LiNiCo’s ‘black mass’ powders are projecting highly concentrated materials with exceptionally high purities, giving us unprecedented optionality to work with multiple refining partners to maximize recovery of cobalt, nickel, copper, and other battery metals,” continued Mr. De Gasperis, “our lithium extraction developments will activate our “lithium first” strategy that enables profitability at relative low volumes of operation and real growth.
About Comstock
Comstock (NYSE: LODE) innovates technologies that enable systemic decarbonization and circularity by efficiently converting under-utilized waste and renewable natural resources into fuels and electrification products that contribute to balancing global uses and emissions of carbon. Comstock plans to achieve extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, commercializing complimentary process solutions and related services, and licensing selected technologies to strategic partners.
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future changes in our research and development; and future prices and sales of, and demand for, our products and services. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither this press release nor any related call or discussion constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.
Contact information:
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com
Endeavour Silver (EXK)(EDR:CA) First Quarter Production Exceeds Expectations
As of April 24, 2020, Noble Capital Markets research on Endeavour Silver is published under ticker symbols (EXK and EDR:CA). The price target is in USD and based on ticker symbol EXK. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.
Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.
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.
First quarter production ahead of our estimates. Compared to the prior year period, first quarter silver production increased 25% to 1,314,955 ounces, while gold production declined 22% to 8,695 ounces. We had forecast silver and gold production of 1,143,597 ounces and 8,399 ounces, respectively. The company sold 1,717,768 ounces of silver and 8,381 ounces of gold. Payable silver and gold ounces produced amounted to 1,303,540 and 8,549 ounces, respectively. Both Guanacevi and Bolanitos outperformed our forecast due to higher silver grades at both mines and higher gold grades at Guanacevi. Compared to the fourth quarter of 2021, silver and gold production declined 9% and 8%, respectively. At quarter end, Endeavour held 608,788 ounces of silver and 1,911 ounces of gold in bullion inventory and 59,594 ounces of silver and 1,931 ounces of gold in concentrate inventory.
Updating estimates. Our 2022 first quarter and full year EPS estimates have been increased to $0.05 and $0.15, respectively, compared to our previous estimates of $0.04 and $0.14. First quarter and full year 2022 EBITDA estimates have been raised to…
This 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.
VIRGINIA CITY, NEVADA, APRIL 12, 2022 – Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the appointment of Leonardo Riera, as president of LINICO Corporation, its electrification products subsidiary, located in the Tahoe Reno Industrial Center, Nevada.
Mr. Riera is an experienced chief executive, with global experience in the renewable energy, manufacturing, mergers and acquisition, capital markets and financial services industries. Mr. Riera spent a decade as the Executive Director and Country Head for Bankers Trust Company in Venezuela, overseeing all of their investment banking and broker-dealer operations. Mr. Riera was the founder and chief executive office of an engineering-centric, clean waste-to-energy company with projects in three countries. Mr. Riera was also the Asset Director for a multi-billion-dollar Emerging Markets fund, where he oversaw capital deployment in over fifteen emerging international markets. Mr. Riera started his career as a consultant for McKinsey & Co., working with clients such as Citicorp Investment Bank – Brazil, and subsequently proceeded to head their regional Mergers & Acquisitions unit.
Mr. Riera is a graduate of Andres Bello Catholic University, Caracas, Venezuela (B.S. in Economics) and of the University of Pennsylvania’s Wharton School of Business (M.B.A in Finance and International Management). Mr. Riera is fluent in English and Spanish and a frequent global speaker to leaders on renewable energies and their positive environmental and social impacts.
“Leo is a seasoned executive with multiple, rapid revenue start up and industry consolidation experience, who quickly moved to Reno and immediately established himself within the LiNiCo team, where he is fully dedicated and already implementing LiNiCo’s strategic plan. His knowledge of supply chains, markets, renewable energy, finance and the capital markets will accelerate LiNiCo’s growth. We have been working together daily for the past two weeks and thrilled to have Leo on board and fully committed to LiNiCo’s and its success,” stated Mr. Corrado De Gasperis, Executive Chairman and CEO.
The Company’s 2022 AGM has been scheduled for Thursday, May 26, 2022, at 9:00 a.m. PDT in Reno, Nevada, at the Atlantis Hotel. The meeting will feature Comstock’s renewable businesses and highlight the Company’s expanded senior management teams, including Mr. Riera, and the Company’s directors.
About Comstock Comstock (NYSE: LODE) innovates technologies that enable systemic decarbonization and circularity by efficiently converting under-utilized waste and renewable natural resources into fuels and electrification products that contribute to balancing global uses and emissions of carbon. Comstock plans to achieve extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, commercializing complimentary process solutions and related services, and licensing selected technologies to strategic partners.
Forward-Looking Statements This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future changes in our research and development; and future prices and sales of, and demand for, our products and services. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither this press release nor any related call or discussion constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.
Shareholder Conference Call and
Webcast will be held on Thursday May 12th, 2022
TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) will release Q1-2022 financial results on Wednesday May 11th, 2022 after Market Close. Senior Management will also host a webcast and conference call on Thursday May 12th, 2022 at 11:00am EST. Details of the Conference Call and Webcast are as follows:
Via Webcast:
A live audio webcast of the meeting will be available on the Company’s website:
The webcast along with presentation slides will be archived for 180 days on www.sierrametals.com.
Via phone:
For those who prefer to listen by phone, dial-in instructions are below. To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call.
US/CAN dial-in number (Toll Free): 1 844 200 6205 United States (Local): 1 646 904 5544 Canada dial-in number (Local): 1 226 828 7575 All other locations (International): +1 929 526 1599
Access code: 020167
Press *1 to ask a question, *2 to withdraw your question, or *0 for operator assistance
About Sierra Metals
Sierra Metals Inc. is a diversified Canadian mining company with Green Metal exposure including increasing copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.
The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.
For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:
Reno, Nevada /April 12, 2022 – Allegiant Gold Ltd. (“Allegiant”
or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce the commencement of a Plan-of-Operations at the Castle Area within their Flagship Eastside Project near Tonopah, Nevada expanding the potential permitted area to approximately 1,648 acres.
The Castle Area is comprised of 130 claims encompassing an area of approximately 2,600 acres, and includes four deposits: Berg, Blackrock, Boss and Castle. The Castle Area denotes the southernmost part of Allegiant’s Eastside Project and is contiguous to the other claims at Eastside. In late 2020 and early 2021, Allegiant drilled 49 reverse circulation (“RC”) holes at the Castle Area for a total of 5,850 metres with the following highlights:
47 holes encountered mineralization within 45m from surface;
Significant intercepts included:
5m of 1.85 g/t Au from Hole ES-196
14m of 1.08 g/t Au from Hole ES-202
4.5m of 2.32 g/t Au from Hole ES-211
3.6m of 2.00 g/t Au from Hole ES-216
1.5m of 3.86 g/t Au from Hole ES-222
The Castle Area hosts an inferred resource of 314,000
gold ounces at 0.48 g/t within a pit-constrained model using a cut-off grade of 0.15 g/t gold, US$1,750/ounce gold price and a US$21.88 silver price.*
Peter Gianulis, CEO of
Allegiant Gold, commented: “The commencement of a Plan-of-Operations is an important next step in the development of the Castle Area at Eastside allowing us to dramatically increase drilling and technical work. We have applied to expand the permitted area from 5 acres to over 1648 acres. Our goal at the Castle Area in the next stage of exploration will be to expand the existing resource, upgrade a portion from Inferred to Measured and Indicated, as well as conduct more advanced metallurgical work in anticipation of an eventual preliminary economic assessment.”
*Eastside Resource Estimate 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 July 30, 2021. Contained pit-constrained Inferred Resources (cut-off grade of 0.15 g/t) of 1,090,00 Au ounces at 61,730,000 tonnes at 0.55 g/t Au and 8,700,000 Ag ounces at 4.4 g/t Ag at the Original Pit Zone and 314,000 Au ounces at 19,986,000 tonnes at 0.49 g/t Au at the Castle Area. In accordance with NI 43-101 the MDA Technical Report dated July 30, 2021 is filed on SEDAR. This report builds on and supersedes the NI 43-101 reports of Ristorcelli (December 2016), Ristorcelli (July 2017) and Ristorcelli (January 2020) titled “Resource
Estimate and Technical Report, Eastside Gold-Silver Project, Esmeralda County,
Nevada” prepared for Allegiant with an Effective Date of July 25, 2017.
MAP 1: CASTLE AREA PERMIT AREA
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, seven of which are located in the mining-friendly jurisdiction of Nevada. Three 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
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.
April 11, 2022 – Vancouver, Canada – Cypress
Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) ( “Cypress” or “the Company”) is pleased to report the Company has been informed that the petition for judicial review of the Nevada State Engineer’s extension of Water Right Permit 44411 and Certificate 13631 (the “Permit”) was dismissed with prejudice by the Fifth Judicial Court of Esmeralda County, Nevada.
The Company acquired the Permit from Intor Resources Corporation (“Intor”), a subsidiary of Nevada Sunrise Gold Corp., for use at the Company’s Clayton Valley Lithium Project, in Nevada (see news
release dated December 8, 2021). The Permit allows for the appropriation of the public waters of the State of Nevada in the amount of 1,770 acre-feet of groundwater per year for mining, milling and domestic use. This amount represents the largest single volume of permitted water available in the Clayton Valley, which is a fully appropriated hydrogeographic basin.
Intor submitted an Application for Extension of Time to Prevent Forfeiture of the Permit on July 29, 2021. The extension was approved by the State Engineer on November 2, 2021. With the court order, the State Engineer’s approval is final and binding, and the extension is valid until August 28, 2022.
About Cypress Development Corp Cypress Development Corp. is a Canadian based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA. Cypress is in the pilot stage of testing on material from its lithium-bearing claystone deposit and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed
to be “forward-looking statements”. Forward-looking statements
are subject to risks, uncertainties and assumptions and are identified by words
such as “expects,”
“estimates,” “projects,” “anticipates,” “believes,” “could,” “scheduled,” and
other similar words. All statements in this release, other than statements
of historical facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from
those in the forward-looking statements. 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 actual
results to differ materially from those in forward-looking statements, include
market prices, exploration, and development successes, continued availability
of capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com
Elon Musk Does Not Want Lithium Production Levels to Stall the Growth of Tesla
Is the pace of lithium extraction going to continue to be a drag on EV manufacturing? Elon Musk, CEO of Tesla (TSLA), has no intention of allowing lithium costs or availability to depress his EV company’s growth. In one of his more serious tweets, Musk mentions the challenge of securing supply for Lithium-ion batteries and hints at a possible solution for the company he founded.
Musk was commenting on a Tweet from World of Statistics, which showed the price of lithium over the past ten years has risen from $4,450/tonne to $78,032/tonne today. Musk’s tweet offered a possible solution for Tesla to get ahead of the supply issue (a tonne, or metric Ton, is equal to 1000kg, about 2,205 pounds).
Musk’s Lithium Comment
In his tweet he mentions how “insane” the price of lithium has become. He also points out that the world has enough of the mineral, but extracting and refining hasn’t been able to keep up with growing needs. The CEO even suggested that Tesla might get into the mining business to help resolve shortages of the critical element used in li-ion batteries.
If Tesla also mined and refined needed raw materials to make sure production growth doesn’t stall, it would be unique in car company history. And, from an investor’s standpoint, it opens questions. We recently experienced how the chip shortage created havoc for car companies and buyers. One missing ingredient can prevent manufacturing at the ideal pace to meet consumer demand. Will locking up long-term lithium supply become standard? Will Tesla and other auto companies integrate supplying themselves with materials become part of who survives in the EV era and who doesn’t? What does this mean for li-ion-related stocks?
“Insane Levels”
Benchmark lithium prices are at about $78,000/tonne; this is an 80% increase from January 1st. Barrons tracks the price for a basket of lithium battery elements and has reported that it is up 60% on the year (April 2022). This increase adds on average another $2,000 to the price of an EV. Most materials to manufacture batteries (copper, cobalt, nickel, lithium) are secured on a contract basis. This helps smooth unexected changes allowing companies to better predict future costs.
Looking Forward
In a later tweet Musk wrote, “we have some cool ideas for sustainable lithium extraction [and] refinement.” Which will be worth watching. In the interim, lithium mining stocks are up 20-30% this year. Many are playing catch-up and and building their capacity to meet EV demand growth. The miners are behind the growth curve, but that isn’t because of a shortage of the mineral.
Comstock Chairman & CEO Corrado De Gasperis provides a preview of their upcoming presentation at NobleCon18
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About Comstock
Comstock Mining Inc. (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting massive supplies of under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.
