Chakana Reports 113m of 0.90 g/t Gold, 0.92% Copper and 72.8 g/t Silver (2.13% Cu-Eq) in Huancarama at Soledad, Peru

 

Soledad Project Highlights Include:

• 12 new resource definition holes at Huancarama reported, totalling 2,974.85m
• Additional resource definition drill results pending for Breccia Pipe 5 “(Bx 5)” and Huancarama
• Gradient-array induced-polarization (IP) geophysical survey completed over entire mineral system
• Off-set IP surveys underway over high priority targets defined by gradient array and other data sets

Vancouver, British Columbia–(Newsfile Corp. – November 1, 2021) – Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the “Company“ or “Chakana“), is pleased to provide results from twelve resource definition holes drilled in Huancarama totaling 2,974.85m at the Soledad project, Ancash, Peru (see table below). The resource drilling is part of a fully funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1). These results compliment previous results from Huancarama and will increase confidence in the initial resource estimate covering six breccia pipes, which is anticipated to be completed by the end of 2021.

“Results for the resource definition drilling at Huancarama have been outstanding thus far. This is a large breccia pipe that is part of a much larger breccia complex. The resource drilling has focused on the east side of the breccia complex where two breccia pipes coalesce into one larger pipe with excellent grades for copper, gold, and silver. We have additional resource definition drill results to release for Bx 5 and Huancarama as we close in on the first resource ever for this new discovery,” stated President and CEO David Kelley.

Drill Results

Huancarama (Resource Definition)

DDH #	From – To (m)		Core Length (m)	Au g/t	Ag g/t	Cu %	Cu-eq %*	Au-eq g/t*
SDH21-228	89.75	141.00	51.25	0.25	34.4	0.27	0.73	1.11
and	170.00	222.00	52.00	0.40	50.6	1.14	1.83	2.81
SDH21-230	90.00	93.25	3.25	1.53	285.2	5.75	9.19	14.06
and	125.00	200.00	75.00	0.56	44.3	0.34	1.08	1.66
and	219.00	221.00	2.00	2.94	132.6	1.07	4.13	6.31
SDH21-232	114.20	242.00	127.80	0.55	65.1	0.48	1.40	2.14
SDH21-237	123.00	236.00	113.00	0.90	72.8	0.92	2.13	3.26
SDH21-242	146.00	210.00	64.00	0.50	41.3	0.63	1.31	2.00
SDH21-245	152.00	217.00	65.00	0.31	40.7	0.70	1.25	1.91
SDH21-246	153.00	218.00	65.00	0.29	27.4	0.58	1.00	1.54
SDH21-247	170.35	199.00	28.65	0.45	68.3	0.86	1.74	2.66
and	283.00	323.15	40.15	0.22	30.0	0.67	1.07	1.64
SDH21-248	146.00	184.00	38.00	0.77	56.2	1.03	2.01	3.08
and	229.15	241.00	11.85	1.06	37.9	0.10		1.71
SDH21-249	53.60	128.55	74.95	0.32	82.4	0.42	1.33	2.04
SDH21-250	45.00	133.00	88.00	0.31	66.5	0.86	1.63	2.50
SDH21-251	85.00	221.00	136.00	0.29	26.6	0.30	0.72	1.10

 

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

Huancarama

The Huancarama breccia pipe is in the central part of the project at an elevation of 3,950m and is one of six breccia pipes that will be included in our initial resource estimate (Fig. 1). The breccia pipe is part of a breccia complex with six outcropping breccias over a lateral distance of 200m east-west. Two of the breccias, separated by 50m at surface, coalesce at depth, forming a large breccia pipe approximately 100m x 60m in plan. Breccia has been intercepted to a depth of 492m below surface and remains open.

Drill holes described in this release were drilled from four different platforms and were designed to confirm the geometry and continuity of mineralization within the breccia pipe (Figs. 2 and 3). All holes intersected significant mineralization (see Figure 4 for select core photos of the mineralization). Thirteen additional holes have been drilled as part of the resource definition program; results for these holes are pending.

2021 Resource and Exploration Drill Program

A total of 23,947m (incorrectly reported in previous release) of drilling has been completed in 2021. The objectives of this drill program are to complete resource definition drilling on six initial breccia pipes to an approximate depth of 300m and test several new exploration targets. Breccia pipes that will be included in the initial resource estimate are: Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama (Fig. 1). Additional resource definition drill results for Bx 5 and Huancarama are pending. During 2021 our drilling was focused on the north half of the project where drill permits are in place. Permitting for the south half of the project is well advanced. The southern half of the property hosts several outcropping mineralized tourmaline breccia pipes and has been recently covered by the Company’s ongoing geophysical program. Numerous targets exist, none of which have been drilled previously.

Geophysical Surveys

Gradient-array induced-polarization (IP) surveys have been completed over the entire 12km² footprint of the Soledad mineral system. Off-set IP surveys are now in-progress covering high priority target areas. This work complements the extensive exploration database that supports our current inventory of 110 exploration targets. This new information identifies both new targets and prioritizes existing targets that will be tested when the exploration drilling programs resume.

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. A total of 60,854 metres in 261 diamond core holes for exploration and resource definition drilling have been completed since 2017, testing 16 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to base and precious metals. 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 outcropping breccia pipes and occurrences within the northern Soledad cluster. Pipes that will be included in the initial resource are shown in green (Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama). Breccia pipes shown in yellow have had exploration drilling completed. Other pipes/occurrences and targets defined by other exploration data 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 showing drill holes reported in this release and modeled breccia pipes at Huancarama (light red shape) based on all drill holes. Light gray contours are at 5m intervals. Blue rectangle in the inset map shows the area of Figure 2 within the overall Soledad property.

Figure 3 – 3D sectional view of Huancarama looking northwest. Light red 3D shape shows breccia pipe geometry based on all drill holes. Previous holes drilled shown in grey.

Figure 4 – Select core photos from Huancarama reported in this release: SDH21-228 (187.95m) semi-massive chalcopyrite-pyrite replacement of tourmaline breccia; SDH21-228 (190.1m) chalcopyrite filling open cavity in breccia; SDH21-228 (192.2m) chalcopyrite-tourmaline-cemented breccia; SDH21-230 (91.35m) massive chalcopyrite; SDH21-230 (193.35m) chalcopyrite-tourmaline-cemented breccia; SDH21-232 (161.80m) chalcopyrite-pyrite replacement of clasts; SDH21-232 (279.55m) chalcopyrite-tourmaline-cemented breccia; SDH21-237 (151.45m) chalcopyrite-tourmaline-cemented breccia and sulfide clast replacement; SDH21-237 (152.8m) chalcopyrite-tourmaline-cemented breccia and sulfide clast replacement; SDH21-242 (172.05m) semi-massive chalcopyrite-pyrite replacement breccia; SDH21-242 (173.0m) chalcopyrite replacement of clasts in mosaic breccia; SDH21-245 (185.9m) chalcopyrite-quartz cemented breccia; SDH21-245 (187.1m) chalcopyrite-tourmaline-cemented mosaic breccia; SDH21-246 (127.5m) chalcopyrite-tourmaline-cemented chaotic shingle breccia; SDH21-247 (293.9m) chalcopyrite-quartz-siderite-sphalerite filling cavity in breccia; SDH21-247 (313.9m) mosaic breccia with insipient granodiorite clast replacement by chalcopyrite; SDH21-250 (80.3m) chalcopyrite-tourmaline-cemented mosaic breccia and partial sulfide clast replacement; SDH21-251 (162.05m) mosaic breccia replaced by tourmaline-chalcopyrite. Core diameter is 6.35cm (HQ) in all instances.

Friday, October 29, 2021

Coeur Mining (CDE)
Lowering Estimates Following 3Q Miss

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

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.

Earnings Miss. Coeur reported an adjusted third quarter loss of $2.6 million, or ($0.01) per share, compared to adjusted net income of $38.2 million, or $0.16 per share, during the prior year period. Adjusted EBITDA was $48.8 million and free cash flow amounted to ($49.4) million. We had forecast net income of $16.5 million, or $0.06 per share, and EBITDA of $60.1 million. Variances to our estimates included modestly lower revenue due to production and sales below our estimate, and higher costs applicable to sales. On a GAAP-basis, the company reported a loss of $54.8 million, or $(0.21) per share, which included a lot of items rightfully excluded.


Updating estimates.  We are lowering our 2021 EPS and EBITDA estimates to $0.10 and $223.0 million, respectively, from $0.18 and $237.1 million. The revisions reflect 3Q results and lower operating margin. We have also trimmed our 2022 EPS and EBITDA estimates to $0.32 and $267.4 million from $0.35 and $279.2 million, respectively …

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. 

Thursday, October 28, 2021

Endeavour Silver (EXK)(EDR:CA)
Updating Estimates Ahead of Upcoming Earnings Release

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.

Updating production forecast. Compared to the prior year period, third quarter silver and gold production increased 38.5% and 2.7%, respectively, to 1,305,399 ounces and 10,541 ounces. During the quarter, Endeavour sold 699,539 ounces of silver and 9,925 ounces of gold. Payable silver and gold ounces produced during the quarter amounted to 1,295,126 and 10,328 ounces, respectively. Sequentially, silver production increased 21.6%, while gold production decreased 5.6%. Endeavour raised 2021 silver and gold production guidance to a range of 4.5 to 4.8 million ounces and 40.1 to 42.1 thousand ounces, respectively, from 3.6 to 4.3 million ounces and 31 to 35.5 thousand ounces. We currently forecast production of 4.7 million ounces of silver and 41.5 thousand ounces of gold.


Updating estimates.  We have lowered our 2021 EPS and EBITDA estimates to $0.01 and $42.9 million, respectively, from $0.03 and $45.4 million. Our revised estimates reflect, in part, lower sales as a percent of production and a lower margin. However, we expect stronger fourth quarter sales due to sales from inventory. We have lowered our 2022 EPS and EBITDA estimates to $0.15 and 67.0 million from …

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. 

Palladium One Reports Four New EM Targets at the Tyko Sulphide Copper- Nickel Project, Ontario, Canada

 

• Four significant, multi-line, Electromagnetic (“EM”) anomalies have been identified by a 3,100 line-kilometer Versatile Time Domain Electromagnetic airborne (“VTEMmax”) survey conducted during the summer field program.
• Several single line EM anomalies were also identified.
• The first EM anomalies identified in the large mafic-ultramafic Bulldozer Intrusion.

October 28, 2021 – Toronto, Ontario – Preliminary results of the recently completed VTEMmax airborne survey have identified four significant multi-line EM anomalies on the Tyko Copper-Nickel Project, said Palladium One Mining (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

Derrick Weyrauch, President and CEO “We now have four new multi-line EM anomalies to test, which supports our belief that there are multiple Smoke Lake-type zones yet to be discovered. Of particular interest are two anomalies in the Bulldozer Intrusion. These are the first EM anomalies identified in this large mafic-ultramafic intrusion and hint at potentially large tonnage targets.We are very pleased with these regional results and are awaiting results from the Smoke Lake zone.”

The recently completed 100-meter spaced 3,100 line-kilometer VTEMmax survey is the largest and most sensitive EM survey ever flow on the Tyko Project (Figure 1). The survey easily detected the at surface high-grade Smoke Lake zone producing a 600m (7 lines) EM anomaly (Figure 2). In addition, a weak single line EM anomaly successfully detected the RJ zone, this is noteworthy as the RJ zone hosts blebby to locally net textured sulphide and had not been detected by three previous airborne EM surveys. This speaks to the sensitivity of the VTEMmax system and its potential to identify targets that were missed by less sensitive historic EM surveys.

Bedrock Conductor Picks

The EM anomalies presented below are bedrock conductors selected by Platform Geoscience Ltd. These represent preliminary interpretations based of the response recorded on each VTEMmax flight line. The difference between strong, moderate and weak conductors is not only a measure of massive vs semi-massive vs net-textured sulphide, but also depth where a weak EM response may simply indicate a deeper stronger conductor, whereas a smaller at surface conductor will have a stronger EM response.

The four new multiline EM anomalies are in new areas with no previously known mineralization or drilling, and are described below:

West Pickle Lake Anomaly

A 600-meter multi-line anomaly is located 2.5 kilometers west of the RJ zone and may represent an extension of the RJ zone. The RJ zone consists of blebby, locally net-textured magmatic sulphide and has returned up to 1.04 % Ni and 0.23% Cu over 16.2 meters in hole TK16-002 (see news release April 12, 2016).

Bulldozer South Anomaly

The composite anomaly consists of two clusters which combined are over 800-meters in length. This anomaly is noteworthy as there is a historic anomalous prospecting sample collected in the vicinity, which returned 0.23% Cu with anomalous nickel (144 ppm) and palladium (18 ppb) in melanogabbro, with 5% finely disseminated pyrite and chalcopyrite (see Ontario Mineral Deposit Index MDI000000001913). This anomaly also correlates with a very strong magnetic portion of the Bulldozer Intrusion suggesting ultramafic rocks may be present at depth.

Bulldozer North Anomaly

This 200-meter multi-line anomaly is noteworthy as one line contains a strong EM anomaly which is comparable in intensity to the anomalies detected over the Smoke Lake zone. The Bulldozer North, like Bulldozer South anomalies correlate with a very strongly magnetic portion of the Bulldozer Intrusion, potentially representing ultramafic rocks.

The Bulldozer North and South Anomalies represent the first EM anomalies detected within the large mafic-ultramafic Bulldozer Intrusion. The Bulldozer intrusion is host to one historic copper-nickel-cobalt showing, which consists of remobilized disseminated chalcopyrite and pyrite in a shear, suggesting that more widespread copper-nickel-cobalt mineralization may occur within the larger intrusion. Sampling by the Company in 2019 at the historic Bulldozer showing returned 0.91% Cu, 0.05% Ni, and 0.05% Co (see press release January 21, 2020) with historic samples returning up to 3.34% Cu, 0.12% Ni, 0.24% Co, 0.38 g/t Pd, 0.08 g/t Pt (see Ontario Mineral Deposit Index MDI000000001901).

Cupa Lake Anomaly

This anomaly consists of a cluster of two multi-line anomalies which when combined cover 400 meters of strike length. These anomalies are present in an area where previous mapping by the Ontario Geological survey has identified metasediments and mafic volcanics representing remnants of greenstone belt material within the Black Pic tonalite batholith, and hence may represent favourable conditions for the perseveration of magmatic copper-nickel sulphide mineralization similar to the Smoke Lake zone, located only 8-kilometers to the west.

Summer Smoke Lake Drill Program

The resumed Phase II drill program at Smoke Lake completed an additional 1,973 meters in 9 holes, assay results are pending. The program included an 800-meter deep hole targeting a large inverted magnetic high located below the Smoke Lake zone. This deep hole was drilled for geophysical surveying and was surveyed by Borehole Electromagnetics (“BHEM”) to help determine the possible presents of massive sulphide mineralization at depth, results are pending. The Company intends to drill additional holes into the inverted magnetic high where it outcrops east of Smoke Lake. An Induced Polarization (“IP”) survey is also planed for the Smoke Lake area to target potential for disseminated Ni-Cu mineralization.

Summer Field Program

Mapping, prospecting, soil sampling, and trenching was completed over the Tyko Project, including the four new high priority multi-line EM anomalies. A total of 1,340 soil samples were collected, results are pending.

Figure 1. Tyko Project, with new airborne magnetic data (total field) showing various new VTEMmax anomalies (new multi-lines EM anomalies are highlighted by dashed black lines) and known Ni-Cu showings (yellow triangles).

Figure 2. Zoom in view of the Smoke Lake and four new high priority multi-line VTEMmax EM anomalies.

*Nickel Equivalent (“Ni_Eq”)

Nickel and copper equivalent is calculated using US$1,600 per ounce for palladium, US$1,100 per ounce for platinum, US$1,650 per ounce for gold, US$3.50 per pound for copper, US$7.50 per pound for nickel and US$20 per pound for Cobalt. This calculation is consistent with the commodity prices used in the Company’s September 2021 NI 43-101 Haukiaho resource estimate.

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-copper (2:1 ratio) project with the most recent drill hole intercepts returning up to 10.1% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 0.1% Co, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) 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 is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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

Palladium One Reports Four New EM Targets at the Tyko Sulphide Copper- Nickel Project, Ontario, Canada

 

• Four significant, multi-line, Electromagnetic (“EM”) anomalies have been identified by a 3,100 line-kilometer Versatile Time Domain Electromagnetic airborne (“VTEMmax”) survey conducted during the summer field program.
• Several single line EM anomalies were also identified.
• The first EM anomalies identified in the large mafic-ultramafic Bulldozer Intrusion.

October 28, 2021 – Toronto, Ontario – Preliminary results of the recently completed VTEMmax airborne survey have identified four significant multi-line EM anomalies on the Tyko Copper-Nickel Project, said Palladium One Mining (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

Derrick Weyrauch, President and CEO “We now have four new multi-line EM anomalies to test, which supports our belief that there are multiple Smoke Lake-type zones yet to be discovered. Of particular interest are two anomalies in the Bulldozer Intrusion. These are the first EM anomalies identified in this large mafic-ultramafic intrusion and hint at potentially large tonnage targets.We are very pleased with these regional results and are awaiting results from the Smoke Lake zone.”

The recently completed 100-meter spaced 3,100 line-kilometer VTEMmax survey is the largest and most sensitive EM survey ever flow on the Tyko Project (Figure 1). The survey easily detected the at surface high-grade Smoke Lake zone producing a 600m (7 lines) EM anomaly (Figure 2). In addition, a weak single line EM anomaly successfully detected the RJ zone, this is noteworthy as the RJ zone hosts blebby to locally net textured sulphide and had not been detected by three previous airborne EM surveys. This speaks to the sensitivity of the VTEMmax system and its potential to identify targets that were missed by less sensitive historic EM surveys.

Bedrock Conductor Picks

The EM anomalies presented below are bedrock conductors selected by Platform Geoscience Ltd. These represent preliminary interpretations based of the response recorded on each VTEMmax flight line. The difference between strong, moderate and weak conductors is not only a measure of massive vs semi-massive vs net-textured sulphide, but also depth where a weak EM response may simply indicate a deeper stronger conductor, whereas a smaller at surface conductor will have a stronger EM response.

The four new multiline EM anomalies are in new areas with no previously known mineralization or drilling, and are described below:

West Pickle Lake Anomaly

A 600-meter multi-line anomaly is located 2.5 kilometers west of the RJ zone and may represent an extension of the RJ zone. The RJ zone consists of blebby, locally net-textured magmatic sulphide and has returned up to 1.04 % Ni and 0.23% Cu over 16.2 meters in hole TK16-002 (see news release April 12, 2016).

Bulldozer South Anomaly

The composite anomaly consists of two clusters which combined are over 800-meters in length. This anomaly is noteworthy as there is a historic anomalous prospecting sample collected in the vicinity, which returned 0.23% Cu with anomalous nickel (144 ppm) and palladium (18 ppb) in melanogabbro, with 5% finely disseminated pyrite and chalcopyrite (see Ontario Mineral Deposit Index MDI000000001913). This anomaly also correlates with a very strong magnetic portion of the Bulldozer Intrusion suggesting ultramafic rocks may be present at depth.

Bulldozer North Anomaly

This 200-meter multi-line anomaly is noteworthy as one line contains a strong EM anomaly which is comparable in intensity to the anomalies detected over the Smoke Lake zone. The Bulldozer North, like Bulldozer South anomalies correlate with a very strongly magnetic portion of the Bulldozer Intrusion, potentially representing ultramafic rocks.

The Bulldozer North and South Anomalies represent the first EM anomalies detected within the large mafic-ultramafic Bulldozer Intrusion. The Bulldozer intrusion is host to one historic copper-nickel-cobalt showing, which consists of remobilized disseminated chalcopyrite and pyrite in a shear, suggesting that more widespread copper-nickel-cobalt mineralization may occur within the larger intrusion. Sampling by the Company in 2019 at the historic Bulldozer showing returned 0.91% Cu, 0.05% Ni, and 0.05% Co (see press release January 21, 2020) with historic samples returning up to 3.34% Cu, 0.12% Ni, 0.24% Co, 0.38 g/t Pd, 0.08 g/t Pt (see Ontario Mineral Deposit Index MDI000000001901).

Cupa Lake Anomaly

This anomaly consists of a cluster of two multi-line anomalies which when combined cover 400 meters of strike length. These anomalies are present in an area where previous mapping by the Ontario Geological survey has identified metasediments and mafic volcanics representing remnants of greenstone belt material within the Black Pic tonalite batholith, and hence may represent favourable conditions for the perseveration of magmatic copper-nickel sulphide mineralization similar to the Smoke Lake zone, located only 8-kilometers to the west.

Summer Smoke Lake Drill Program

The resumed Phase II drill program at Smoke Lake completed an additional 1,973 meters in 9 holes, assay results are pending. The program included an 800-meter deep hole targeting a large inverted magnetic high located below the Smoke Lake zone. This deep hole was drilled for geophysical surveying and was surveyed by Borehole Electromagnetics (“BHEM”) to help determine the possible presents of massive sulphide mineralization at depth, results are pending. The Company intends to drill additional holes into the inverted magnetic high where it outcrops east of Smoke Lake. An Induced Polarization (“IP”) survey is also planed for the Smoke Lake area to target potential for disseminated Ni-Cu mineralization.

Summer Field Program

Mapping, prospecting, soil sampling, and trenching was completed over the Tyko Project, including the four new high priority multi-line EM anomalies. A total of 1,340 soil samples were collected, results are pending.

Figure 1. Tyko Project, with new airborne magnetic data (total field) showing various new VTEMmax anomalies (new multi-lines EM anomalies are highlighted by dashed black lines) and known Ni-Cu showings (yellow triangles).

Figure 2. Zoom in view of the Smoke Lake and four new high priority multi-line VTEMmax EM anomalies.

*Nickel Equivalent (“Ni_Eq”)

Nickel and copper equivalent is calculated using US$1,600 per ounce for palladium, US$1,100 per ounce for platinum, US$1,650 per ounce for gold, US$3.50 per pound for copper, US$7.50 per pound for nickel and US$20 per pound for Cobalt. This calculation is consistent with the commodity prices used in the Company’s September 2021 NI 43-101 Haukiaho resource estimate.

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-copper (2:1 ratio) project with the most recent drill hole intercepts returning up to 10.1% Ni_Eq over 3.8 meters (8.1% Ni, 2.9% Cu, 0.1% Co, 0.61g/t Pd, 0.71g/t Pt, and 0.02g/t Au) 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 is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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

Tuesday, October 26, 2021

Great Bear Resources (GTBAF)(GBR:CA)
Metallurgical Tests Demonstrate High Gold Recoveries

Noble Capital Markets research on Great Bear Resources is published under ticker symbols GTBAF and GBR:CA. The price target for GTBAF is in USD and the price target for GBR:CA is in CAD. Research reports dated prior to August 26, 2021 may not follow these guidelines and could account for a variance in the price target. Great Bear Resources Ltd is a gold exploration company. It explores for mineral properties in the Red Lake District in Ontario, Canada. Its property portfolio includes Great Bear’s Red Lake Properties with the flagship Dixie project, Pakwash property, and Sobel property.

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.

Preliminary metallurgical tests demonstrate strong gold recoveries. Great Bear Resources reported gold recovery test results from its flagship Dixie Project. Management selected what were expected to be the most difficult mineralized domains among the LP Fault from which to extract gold and reported high recoveries at all grades. Ten one-kilogram representative samples were analyzed from 10-to-13-meter-long core intervals and were processed through a standard 48-hour bottle roll test. Gold recoveries were within a range of 95.2% to 99.2%.


Positive implications for development. Recoveries from the Dixie Limb and Hinge zones were similar using comparable grinding and cyanidation conventions, indicating mineralized material from all gold zones may be able to be…

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 Recognized with the “Bernie Schnieders Discovery of the Year Award” Presented by NWOPA

October 25, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that the Company’s team has been awarded the 2020 “Bernie Schnieders Discovery of the Year Award” for the discovery of a high-grade copper-nickel zone at its 100% owned Tyko Copper-Nickel Project in Ontario, Canada.)

The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an exceptional discovery in Northwestern Ontario during the previous calendar year.

Smoke Lake was discovered in late November 2020 with the first hole of drill program returning up to 8.7% Ni_Eq over 3.8 Meters (6.6% Ni, 3.7% Cu, 0.09% Co, 0.67 g/t Pd, 0.81 g/t Pt, and 0.03 g/t Au) in hole TK-20-016, (see news release January 5, 2021)

Derrick Weyrauch, President and CEO of Palladium One said, “We would like to sincerely thank the NWOPA for receiving this honour and look forward to expanding on our exciting discovery at the Tyko property.

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 Mineral 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 27, 2021 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.

Great Bear Reports 95.2% to 99.2% Gold Recoveries in Preliminary LP Fault Metallurgical Tests – Gold is Free Milling and Readily Soluble at All Grades

October 25, 2021
– Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the “Company” or “Great Bear”, TSX-V: GBR; OTCQX: GTBAF) today reported gold recovery test results from its 100% owned flagship Dixie Project, in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, “We selected what were anticipated to be the ‘most difficult’ mineralized domains to extract gold from at the LP Fault, and are pleased to report very high gold recoveries at all grades.  This has strong positive implications for the future development potential of the Dixie project.  Similar very high gold recoveries from the Dixie Limb and Hinge zones using comparable grinding and cyanidation protocols indicates mineralized material
from all gold zones is likely amenable to processing through the same
extraction circuits.  Initial LP Fault cyanidation gold recovery tests confirm that non-refractory,
free gold dominates all low to high-grade domains tested to-date.  All Dixie gold zones have excellent potential for significant gravity circuit gold recoveries, which will be investigated in the next phase of metallurgical testing.”

Highlights of Gold
Recovery Results

Ten one kilogram representative samples were analyzed at Blue Coast Research Ltd. (“Blue Coast”) of Parksville, British Columbia (Table 1).  Samples were composited from 10 to 13 metre long core intervals and were processed through a standard 48 hour bottle roll procedure at 40% solids, using a 1.0 g/L sodium cyanide solution.

• All tested combinations of
  grades, host rocks, sulphide content and alteration styles recovered a
  very high percentage of total gold, within a four percent range from 95.2%
  to 99.2%.  While high-grade gold samples recovered the highest percentage of total gold during cyanidation, sub-gram low-grade gold mineralization nonetheless achieved excellent recoveries of greater than 95 percent.  Table
  2 and Figure
  1.
• LP Fault gold mineralization is
  not refractory.  All samples, regardless of grade, were described as “free-milling”, indicating gold is not encapsulated in sulphide accessory minerals.  Free gold mineralization has repeatedly been observed and reported by Great Bear, including during petrographic/microscope analysis (see news release of September 22, 2020).

Table 1:  Metallurgical sample descriptions.

 

Table 2: Gold recovery results from LP Fault composite samples.

Figure 1: LP Fault zone gold recovery curves showing time-weighted gold recoveries.

 

Ongoing Metallurgical Testing
The samples reported here represent the most
mineralogically complex intervals drilled to date at the LP Fault and have higher accessory sulphide content than the zone’s average.  In most gold deposits, zones with higher sulphide content have lower gold recoveries than zones with lower sulphide content.

• Accessory sulphide content had
  no measurable effect on gold recoveries, confirming that gold is not present within sulphide mineral crystal structures.
• Autoclave processing will not
  be required for LP Fault mineralized material.

Additional gold recovery testing of low-sulphide material is now also
underway, which is expected to yield comparable high gold recoveries.

• Great Bear management notes that current cyanidation gold recovery results are in line with the high reported operational gold recoveries at mines in the Red Lake district, which generally recover +90%.
• Ongoing testing also includes “gold-only” LP Fault mineralization such as that observed within high-grade intervals in LP Fault discovery drill hole DNW-011 (see news release of May 28, 2019) where gold is observed without significant accessory sulphides in many samples.   In most gold deposits, gold-only mineralization yields the highest gold recoveries.

Gravity gold recovery circuits are important, low-cost components of many gold processing operations.  Due to the free gold character of all grade ranges of LP Fault mineralization, the mineralized material is expected
to be amenable to gravity-based gold separation.  Gravity amenability is currently being tested by Great Bear.

Results of ongoing metallurgical testing will be reported periodically as completed through 2022.

Gold recoveries from the
Hinge and Dixie Limb zones were originally disclosed by the Company on November 12, 2020 and January 27, 2021, and are provided in Table 3.
 

Table 3: Gold recoveries from the Dixie Limb and Hinge zones previously reported by Great Bear.

 

About the Dixie Project

The 100% owned flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction.  Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines.  The property also hosts a network of well-maintained logging roads which facilitate access.

The 23 high-grade domains discussed in this release are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization.  Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower grade domains.  They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and  transition from upper greenschist to lower amphibolite facies metamorphism.  Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.

To date, Great Bear has completed a total of 672 drill holes, identifying three high-grade gold discoveries.  The most significant discovery is the large-scale “LP Fault” zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units.  LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately 4 kilometres of strike length.  The nearby “Hinge” and “Limb” gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units.  Over 80% of the Company’s drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization.  Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.

Great Bear adheres to industry-leading quality assurance / quality control (QA/QC) practices in data collection, analysis and disclosure, and detailed assays including all historical LP Fault drill hole data are available on the Company’s website at https://greatbearresources.ca/projects/overview/dixie-project-data/.

About Great Bear

Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada.  A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault.  Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets.  The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial NI 43-101 compliant multi-million ounce mineral resource estimate for the Dixie project in early 2022. 

Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.

QA/QC and Core Sampling
Protocols

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods.  Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab.  Selected samples are also chosen for duplicate assay from the coarse reject of the original sample.  Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC).  No QAQC issues were noted with the results reported herein. 

Qualified Person and NI
43-101 Disclosure

Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

Results for the metallurgical test program were provided and approved by Andrew Kelly, P.Eng., of Blue Coast Research Ltd., a Qualified Person for the purpose of National Instrument 43-101.
 

ON BEHALF OF THE BOARD

“Chris Taylor”

Chris Taylor, President and CEO

Investor Inquiries:
Ms. Jenni Piette,
Director, Sustainability and Stakeholder Relations
Tel: 604-646-8354
info@greatbearresources.ca
www.greatbearresources.ca

Cautionary note regarding forward-looking
statements

This release contains certain “forward looking statements” and
certain “forward-looking information” as defined under applicable Canadian and
U.S. securities laws. Forward-looking statements and information can generally
be identified by the use of forward-looking terminology such as “may”, “will”,
“should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”,
“plans” or similar terminology. The forward-looking information contained
herein is provided for the purpose of assisting readers in understanding
management’s current expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other purposes.

Forward-looking information are based on management of the
parties’ reasonable assumptions, estimates, expectations, analyses and
opinions, which are based on such management’s experience and perception of
trends, current conditions and expected developments, and other factors that
management believes are relevant and reasonable in the circumstances, but which
may prove to be incorrect.

Such factors, among other things, include: impacts arising from
the global disruption caused by the Covid-19 coronavirus outbreak, business
integration risks; fluctuations in general macroeconomic conditions; fluctuations
in securities markets; fluctuations in spot and forward prices of gold or
certain other commodities; change in national and local government,
legislation, taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of mineral
exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formations pressures, cave-ins and
flooding); discrepancies between actual and estimated metallurgical recoveries;
inability to obtain adequate insurance to cover risks and hazards; the presence
of laws and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and indigenous
populations; availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and approvals
from government authorities); and title to properties.

Great
Bear undertakes no obligation to update forward-looking information except as
required by applicable law. Such forward-looking information represents
management’s best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.

Friday, October 22, 2021

Aurania Resources (AUIAF)(ARU:CA)
Increasing the Probability of Successful Near-Term Outcomes

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

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

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

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

Marketed public offering. Aurania Resources closed a marketed public offering of 3,835,250 units, including the underwriter’s overallotment option, and realized gross proceeds of C$6,903,450 million. Each unit was sold at a price of C$1.80 and included one common share and one common share purchase warrant with an exercise price of C$2.20 until October 21, 2026.


Private placement.  Additionally, the company closed a non-brokered private placement of 1,256,037 units, on the same terms and conditions as the public offering, for gross proceeds of C$2,260,866.60. The common shares and warrants associated with the private placement are subject to a hold period of four months and one day from the date of issuance. The warrants associated with the private placement are expected to be…

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 Obtains Both OTCQB Market Listing and DTC Eligibility

 

October 20, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Palladium One’s common shares are now fully DTC eligible and will continue to trade in the United States on the OTCQB under the ticker symbol “NKORF”.Through an electronic method of clearing securities, DTC eligibility significantly reduces the costs and accelerates the settlement process for investors and brokers, allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

“Providing broader and more efficient access for US investors to participate in our discovery successes, will enhance our shareholder base. In light of the ‘green transportation’ dynamic gripping the United States and elsewhere, timing is ideal, to provide US investors with more efficient investment access to Palladium One’s common shares.” stated Derrick Weyrauch, President and CEO.

Trading on the OTCQB

The OTCQB listing, when combined with DTC eligibility, is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. An OTCQB listing provides exemptions from certain U.S. state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in Palladium One.

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 Mineral 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 27, 2021 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.

FenixOro CEO John Carlesso Featured in Noble Capital Markets C-Suite Interview

 

  TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is pleased to announce their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

FenixOro CEO John Carlesso sat down with Noble Capital Markets Senior Research Analyst Mark Reichman for an exclusive interview to discuss the Company’s Abriaqui Gold Project. Topics covered include:

• The business and political climate in Colombia and what makes it an attractive jurisdiction
• The accessibility and infrastructure of the property
• Exploration and drilling results to date; Mineralization potential
• The progress at Abriaqui towards a formal maiden resource estimate
• Upcoming potential catalysts for the Company

The interview was recorded on October 5, 2021 and is available now at Channelchek

About FenixOro Gold Corp.

FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is the closest project to Continental Gold’s Buritica project. It is located 15 km to the west in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa. As documented in “NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently commenced.

FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest public report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold (16.02 Mt grading 10.32 g/t) plus a 6.02 million ounce inferred resource (21.87 Mt grading 8.56 g/t) for a total of 11.34 million ounces of gold resources Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

About Noble Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 37 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek

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

FenixOro Gold Corp
John Carlesso, CEO
Email: info@FenixOro.com
Website: www.FenixOro.com
Telephone: 1-833-ORO-GOLD

FenixOro CEO John Carlesso Featured in Noble Capital Markets C-Suite Interview

 

  TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) — FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is pleased to announce their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek.

FenixOro CEO John Carlesso sat down with Noble Capital Markets Senior Research Analyst Mark Reichman for an exclusive interview to discuss the Company’s Abriaqui Gold Project. Topics covered include:

• The business and political climate in Colombia and what makes it an attractive jurisdiction
• The accessibility and infrastructure of the property
• Exploration and drilling results to date; Mineralization potential
• The progress at Abriaqui towards a formal maiden resource estimate
• Upcoming potential catalysts for the Company

The interview was recorded on October 5, 2021 and is available now at Channelchek

About FenixOro Gold Corp.

FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is the closest project to Continental Gold’s Buritica project. It is located 15 km to the west in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa. As documented in “NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently commenced.

FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest public report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold (16.02 Mt grading 10.32 g/t) plus a 6.02 million ounce inferred resource (21.87 Mt grading 8.56 g/t) for a total of 11.34 million ounces of gold resources Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

About Noble Capital Markets

Noble Capital Markets, Inc. was incorporated in 1984 as a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving underfollowed small / microcap companies through investment banking, wealth management, trading & execution, and equity research activities. Over the past 37 years, Noble has raised billions of dollars for these companies and published more than 45,000 equity research reports. www.noblecapitalmarkets.com email: contact@noblecapitalmarkets.com

About Channelchek

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

FenixOro Gold Corp
John Carlesso, CEO
Email: info@FenixOro.com
Website: www.FenixOro.com
Telephone: 1-833-ORO-GOLD

Palladium One Obtains Both OTCQB Market Listing and DTC Eligibility

 

October 20, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Palladium One’s common shares are now fully DTC eligible and will continue to trade in the United States on the OTCQB under the ticker symbol “NKORF”.Through an electronic method of clearing securities, DTC eligibility significantly reduces the costs and accelerates the settlement process for investors and brokers, allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

“Providing broader and more efficient access for US investors to participate in our discovery successes, will enhance our shareholder base. In light of the ‘green transportation’ dynamic gripping the United States and elsewhere, timing is ideal, to provide US investors with more efficient investment access to Palladium One’s common shares.” stated Derrick Weyrauch, President and CEO.

Trading on the OTCQB

The OTCQB listing, when combined with DTC eligibility, is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. An OTCQB listing provides exemptions from certain U.S. state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in Palladium One.

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 Mineral 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 27, 2021 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.