Comstock Mining Announces Notice of Third Quarter 2021 Results Business Update Webcast Via Zoom

 

Virginia City, NV (November 2, 2021) Comstock Mining Inc. (the “Company”) (NYSE American: LODE), a leader in the sustainable extraction, valorization, and production of scarce natural resources, will host a conference call on Wednesday, November 10, 2021, at 8:00 a.m. Pacific Standard Time/11:00 a.m. Eastern Standard Time to report Third Quarter results and provide a business update. The Webcast will include a moderated Q&A, after the prepared remarks.  Please join the event 10 to 15 minutes prior to the scheduled start time. Please click the link below to register in advance for this Webcast:

When: Nov 10, 2021, 08:00 AM Pacific Standard Time (US and Canada)

Topic: Comstock Mining Third Quarter 2021 Results and Business Update

Please click this link to register in advance for this webcast:

After registering, you will receive a confirmation email containing information about joining the Webcast.

The recording of the Webcast will be available, within 48 hours of the call, on the Company website:

http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

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 prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact information:
Comstock Mining Inc. P.O. Box 1118 Virginia City, NV 89440 ComstockMining.com	Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 degasperis@comstockmining.com	Zach Spencer Director of External Relations Tel (775) 847-5272 Ext.151 questions@comstockmining.com

Sierra Metals Reports Q3-2021 Financial Results for Its Sociedad Minera Corona Subsidiary in Peru

 

 

Sierra Metals’ Consolidated Financials to Be Reported on November 8, 2021

TORONTO–(BUSINESS WIRE)–Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces the filing of Sociedad Minera Corona S.A.’s (“Corona”) unaudited Financial Statements and the Management Discussion and Analysis (“MD&A”) for the third quarter of 2021 (“Q3 2021”).

Wednesday, November 03, 2021

Newrange Gold Corp. (NRGOF)(NRG:CA)
Investing in a Known Asset

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

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

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

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

Argosy gold mine acquisition closed. Newrange Gold closed the acquisition of the Argosy Gold Mine in the Red Lake Mining Division of northwestern Ontario. After producing 101,875 ounces of gold and 9,788 ounces of silver at an average gold grade of 12.7 grams per tonne, the Argosy Mine closed in 1952 and has experienced little exploration below the historic workings. It offers significant potential to extend the mineralization to depth and discover new vein systems. The property is comprised of 43 patented claims and 17 mining licenses encompassing 604 hectares. While 12 vein systems are known, past production focused on only 4 to a depth of only 270 meters. The mine is 10 kilometers northwest of the Springpole Gold Project, the largest gold deposit in the Birch Uchi Belt, and less than a kilometer from Newrange Gold’s North Birch project.


Terms of the deal.  Newrange acquired all shares of Cangold Ltd., a subsidiary of Great Panther Mining Ltd. and the owner of Argosy, for C$100,000 and issued 4,461,007 Newrange common shares to Great Panther at closing. It will issue C$250,000 in Newrange common shares to Great Panther on November 1, 2022. Shares issued will be subject to a four-month hold period …

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. 

Tuesday, November 02, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Closing in on Soledad’s Initial Resource Estimate

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

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

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

Huancarama drill results. Chakana Copper released results from twelve resource definition holes drilled in Huancarama. The Huancarama breccia pipe is in the central part of Soledad and is one of six breccia pipes that will be included in the initial resource estimate which is expected to be completed in December. All holes intersected significant mineralization. Results are pending for thirteen additional holes associated with the resource definition drill program.


Huancarama is unique.  Huancarama is part of a breccia complex with six outcropping breccias over a distance of 200 meters east-to-west. The resource drilling has focused on the east side of the breccia complex where two breccia pipes coalesce into one larger pipe with significant grades of copper, gold, and silver. Based on the outstanding results for holes drilled to a depth of about 300 meters …

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. 

Tuesday, November 02, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Closing in on Soledad’s Initial Resource Estimate

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

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

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

Huancarama drill results. Chakana Copper released results from twelve resource definition holes drilled in Huancarama. The Huancarama breccia pipe is in the central part of Soledad and is one of six breccia pipes that will be included in the initial resource estimate which is expected to be completed in December. All holes intersected significant mineralization. Results are pending for thirteen additional holes associated with the resource definition drill program.


Huancarama is unique.  Huancarama is part of a breccia complex with six outcropping breccias over a distance of 200 meters east-to-west. The resource drilling has focused on the east side of the breccia complex where two breccia pipes coalesce into one larger pipe with significant grades of copper, gold, and silver. Based on the outstanding results for holes drilled to a depth of about 300 meters …

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. 

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.

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.