Aurania Refines Tatasham Target In Preparation For Drilling

 

Toronto, Ontario, September 13, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports on geophysical modelling that has refined the shape of the Tatasham target, a feature that has characteristics of a porphyry, a deposit type that contains over half of the world’s copper resources.  Tatasham is located near the western margin of the Company’s Lost Cities – Cutucu Project area (“Project”) in southeastern Ecuador.

Aurania’s Chairman & CEO, Dr. Keith Barron commented, “Tatasham is the largest geophysical feature identified in the airborne magnetic survey that we carried out over the whole concession area in 2017.  We subsequently covered the target area in the MobileMT survey completed earlier this year.  We believe that our geophysical inversion contractors have made a breakthrough in the inversion of MobileMT geophysical data acquired in mountainous areas like the Project area.  The 3D inverted MobileMT and magnetic data define a magnetic core that is approximately 3 kilometres in diameter that could be the central part of a porphyry which is partially enclosed by a conductive zone that could be due to the presence of sulphides – which is where most of the mineralization is located in copper porphyries.  Now that the target shape has been refined by remodelling of the geophysical data, we’re doing some final field-checking and are preparing to drill Tatasham this year in Q4.”   

To watch Keith Barron’s presentation from the 2021 Precious Metals Summit Beaver Creek, held September 8-11, 2021, please click here.  Please note that registration is required in order to view the replay of the webcast presentation.

An early description of the Tatasham target can be found in a video (starting at minute mark 1:10) on our website entitled “Metron Probability Update Part III – Making Sense of our Magnetic Data”.

Tatasham Target

The core of the Tatasham target is a magnetic cylinder 3km-4km in diameter that is partially enclosed by a conductive zone derived from a totally different dataset – MobileMT (Figure 1).  This geophysical model is consistent with a magnetic porphyry at the centre with an adjacent sulphide-bearing conductive zone – where mineralization is typically located.

Drilling is planned for Q4, 2021.  Details of the drilling, in terms of metreage and number of planned holes, will be announced in due course.

Details of the Geophysical Modelling

Original processing of magnetic data from the 2017 geophysical survey showed the Tatasham magnetic feature (negative reduction to the pole) having a diameter of over 10km – the largest in the Project area.  Refined processing of the magnetic data by three-dimensional magnetic vector inversion has resulted in a better-defined, smaller magnetic feature that is 3km-4km in diameter.   In addition, three-dimensional inversion of MobileMT data has refined the location of conductive areas that are consistent with geological data.

Modelling of the magnetic and MobileMT data was carried out by Geotexera Inc. of St. John’s, Newfoundland, Canada.

Figure 1.  Images of combined 3D magnetic vector inversion (grey body) with the 3D inversion of MobileMT data.

Qualified Person

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

 

About Aurania

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

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

For further information, please contact:

Carolyn Muir VP Investor Relations Aurania Resources Ltd. (416) 367-3200 carolyn.muir@aurania.com

Dr. Richard Spencer President Aurania Resources Ltd. (416) 367-3200 richard.spencer@aurania.com

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

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Friday, September 10, 2021

FenixOro Gold Corp. (FDVXF)
A Gold Discovery in One of Colombia’s Richest Mineral Belts

FenixOro Gold Corp is a Toronto based company acquiring and exploring high grade gold projects in Colombia. The company’s flagship Abriaqui Project is the nearest exploration project to Continental Gold’s Buritica Mine.

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

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

Initiating coverage. We are initiating coverage of FenixOro Gold Corp. FenixOro is advancing the Abriaqui gold project in Colombia. Currently, there are two concession areas, a northern group of three contiguous concessions, and a non-contiguous concession in the southern portion of the project area comprising 547 hectares of land. The company is in the process of acquiring the mineral rights for an adjacent property encompassing 848 hectares from Polo Resources.


Colombia compares favorably to mining jurisdictions in Latin America.  Abriaqui is in Colombia, which ranked 28th among 77 mining jurisdictions for investment attractiveness in the 2020 Fraser Institute Annual Survey of Mining Companies. Colombia ranked first among countries in Latin America and the Caribbean Basin, including Brazil (38th), Chile (30th), Ecuador (58th), Mexico (42nd), and Peru …

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. 

Friday, September 10, 2021

Comstock Mining (LODE)
Investing in a Low Carbon Future

Comstock Mining Inc. 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.

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.

Acquisition of Plain Sight Innovations. Comstock acquired Plain Sight Innovations Corporation in exchange for 8.5 million restricted Comstock shares, along with the intellectual property assets of PSI’s affiliate, FLUX Photon Corporation, in exchange for a performance-based cash payment equivalent to 20% of the company’s future consolidated net cash flow from operations up to $18 million.


Investing in low carbon fuels.  PSI operates a commercial pilot cellulosic fuel facility in Wisconsin and owns patented, patent-pending, and proprietary process technologies to convert woody biomass into cellulosic ethanol, along with co-product precursors for renewable diesel, bio-mass derived crystalline graphite, bioplastics, and carbon neutral alternatives to fossil fuels. The company’s …

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. 

Friday, September 10, 2021

FenixOro Gold Corp. (FDVXF)
A Gold Discovery in One of Colombia’s Richest Mineral Belts

FenixOro Gold Corp is a Toronto based company acquiring and exploring high grade gold projects in Colombia. The company’s flagship Abriaqui Project is the nearest exploration project to Continental Gold’s Buritica Mine.

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

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

Initiating coverage. We are initiating coverage of FenixOro Gold Corp. FenixOro is advancing the Abriaqui gold project in Colombia. Currently, there are two concession areas, a northern group of three contiguous concessions, and a non-contiguous concession in the southern portion of the project area comprising 547 hectares of land. The company is in the process of acquiring the mineral rights for an adjacent property encompassing 848 hectares from Polo Resources.


Colombia compares favorably to mining jurisdictions in Latin America.  Abriaqui is in Colombia, which ranked 28th among 77 mining jurisdictions for investment attractiveness in the 2020 Fraser Institute Annual Survey of Mining Companies. Colombia ranked first among countries in Latin America and the Caribbean Basin, including Brazil (38th), Chile (30th), Ecuador (58th), Mexico (42nd), and Peru …

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. 

Comstock Acquires Plain Sight Innovations Corporation

 

Extensive Portfolio of Pioneering Clean Technologies; Cellulosic Biofuels

VIRGINIA CITY, Nev., Sept. 09, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced its acquisition of 100% of the issued and outstanding equity of Plain Sight Innovations Corporation (“PSI”) in exchange for 8,500,000 restricted shares of its common stock, and all of the intellectual property assets of PSI’s affiliate, FLUX Photon Corporation (“FPC”), in exchange for a performance-based cash payment equal to 20% of the Company’s future consolidated net cash flow from operations up to $18,000,000.

PSI’s management team has deep experience in a diverse array of industries, including renewable fuels, hazardous waste, agriproducts, and other commodities with almost thirty years of clean technology research, development, and commercialization expertise, with an emphasis on the extraction and valorization of natural resources.

PSI owns an array of patented, patent-pending and proprietary process technologies that were designed to convert low cost, ubiquitous woody biomass feedstocks into cellulosic ethanol, while producing a portfolio of co-products, including renewable diesel and an extraordinary new form of biomass-derived crystalline graphite, or biographite, with compelling applications in the production of carbon neutral batteries and other electrification components. PSI also operates a commercial pilot cellulosic fuel facility based on its technologies in Wisconsin, where it has already proven the ability to efficiently convert various forms of woody biomass into cellulosic ethanol and co-product precursors for renewable diesel, biographite, bioplastics, and a portfolio of carbon neutral alternatives to fossil fuels.

The Path to Decarbonization is in Plain Sight

The transportation sector is expected to dramatically increase the production of electric vehicles to more than 30% of all auto sales by 2030. However, more than two thirds of the energy required to power those electric vehicles is expected to come from burning fossil fuels, and the direct combustion of liquid fuels will most certainly continue to be the dominant source of power for transportation for decades. Burning less, burning smarter, and reusing emissions are therefore critical objectives as the world moves to clean energy and decarbonization.

“Renewable fuels provide a critical pathway for decarbonization, however, most current forms of renewable fuel draw from the same pool of conventional feedstocks, including corn and various vegetable oils in the U.S., and the entire universe of those feedstocks only represents a tiny fraction of the domestic burn,” said David Winsness, PSI’s founder and Chief Executive Officer. “Unfortunately, the lifecycle carbon benefits of growing, harvesting, and using conventional feedstocks are extremely limited. Our technologies were designed to address that dilemma by converting abundantly available forestry wastes, short rotation energy crops, and other low-cost sources of woody biomass into natural liquid fuels with vastly superior benefits for a fraction of the refining costs of conventional renewable fuels.”

The U.S. Department of Energy has estimated that more than one billion tons of forestry wastes and other forms of biomass will be produced annually by 2027 with continued growth thereafter. That’s enough new feedstock to produce as much as 70 billion gallons per year of advanced carbon neutral fuels with PSI’s proven technologies, or more than one third of the U.S. transportation demand on an energy equivalent basis.

Cellulosic Fuels

“That’s enough feedstock to rapidly neutralize motor fuel emissions in conjunction with America’s transition to electrification and renewable energy,” added Winsness. “PSI’s cellulosic fuels facilities will be the first of their kind, with an expected financial, natural, and social impact far in excess of any other platform, renewable or otherwise.”

PSI’s first facility is expected to scale up to an initial capacity exceeding 330,000 tons per year of forestry wastes over its first three years of operations, as it extracts, converts, and refines biomass into ethanol, renewable diesel fuel, and biographite to generate annualized revenues exceeding $86,000,000, $173,000,000, and $346,000,000 per year during the facility’s first three full years of operations, respectively, as shown in the following summary projections:

Comstock’s Executive Chairman and Chief Executive Officer, Corrado De Gasperis, commented, “Cellulosic fuel production, like lithium-ion battery recycling and industrial hemp production, is poised for, and we are planning for, exponential growth. Our guidance for these three businesses represents just one facility each and we are planning for over one hundred cellulosic fuel facilities in the U.S. alone. That level of production barely dents the transportation fuels market, yet it represents a meaningful impact on shifting consumption and the resulting decarbonization.”

Ecosystem of Strategic Feedstocks, Processes, and Products

PSI’s technologies are especially important to the Company’s plans to build a synergistic ecosystem of strategic lines of business and production facilities with complimentary feedstocks and products, supported by world class technological and engineering talent. The Company’s ability to systemically discover, develop, engineer, manufacture and commission its own solutions, represents a remarkable competitive advantage that enables speed.

Benchmark Mineral Intelligence estimates that the major automakers have committed over $300 billion to developing electric vehicles (“EVs”) and that over 2,000 GWh of lithium-ion battery (“LIB”) production capacity is in the pipeline. That amount of production in turn equates to 1.4 million tons of new annual graphite demand by 2028. Conventional graphite comes from natural deposits or the carbonization of petroleum products, with market values ranging from about $10,000 per ton for natural graphite to $20,000 per ton for synthetic graphite.

De Gasperis continued, “Most of my relevant experience comes from managing the global manufacturing of carbon-based, material-science products, particularly synthetic graphite. I was literally stunned by PSI’s discovery of a natural source of carbon neutral biographite. When we consider that every cathode in every lithium-ion battery needs an anode, and most anodes are made from synthetic graphite which is substantially all produced with carbon intensive fossil fuel derivatives, then we understand that that industry is not climate smart or clean. We can fundamentally change the game by introducing the world’s first scalable carbon neutral alternative to fossil fuel derived graphite.”

PSI’s intellectual property portfolio also includes remarkably advanced new approaches to carbon capture and utilization, atmospheric water harvesting, waste heat and energy recovery, and industrial photosynthesis for terascale decarbonization and the sustainable production of very large agricultural outputs for fractional inputs.

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.

Coeur Provides Exploration Update

 

CHICAGO–(BUSINESS WIRE)–Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported an update on its 2021 exploration programs at its Palmarejo and Kensington operations, following its update on February 17, 2021. The Company also highlighted new drilling results at its Silvertip and Wharf mines. Coeur drilled approximately 698,100 feet (212,775 meters) from 27 active rigs at six different locations through the first seven months of 2021, reflecting a year-over-year increase of roughly 58%. The Company plans to invest approximately $75 million¹ in exploration this year, nearly 50% higher than last year’s record exploration investment, representing one of the sector’s largest exploration programs.

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Key Highlights^2,3

• Ongoing drilling success at Palmarejo leading to new high-grade growth – Coeur has been successfully generating results from its infill and expansion drilling campaign within the Independencia and Guadalupe deposits. Specifically, assays across multiple target areas, including the Hidalgo zone located at the northwest end of Independencia near existing infrastructure, have returned high-grade intercepts that demonstrate significant near-mine growth potential. Key highlights include:

Hidalgo zone (Independencia deposit) – Infill

• Hole HGDH_050 returned 142.7 feet (43.5 meters) of 0.11 ounces per ton (“oz/t”) (3.8 grams per tonne (“g/t”)) gold and 7.9 oz/t (270.9 g/t) silver
• Hole HGDH_069 returned 55.1 feet (16.8 meters) of 0.14 oz/t (4.8 g/t) gold and 15.5 oz/t (531.4 g/t) silver
• Hole HGDH_072 returned 12.8 feet (3.9 meters) of 0.69 oz/t (23.7 g/t) gold and 23.9 oz/t (819.4 g/t) silver

North Independencia (Independencia deposit) – Infill

• Hole VIDH_161 returned 11.2 feet (3.4 meters) of 0.27 oz/t (9.3 g/t) gold and 15.7 oz/t (538.3 g/t) silver

Hidalgo zone (Independencia deposit) – Expansion

• Hole HGDH_062 returned 1.3 feet (0.4 meters) of 4.03 oz/t (138.2 g/t) gold and 18.2 oz/t (624.0 g/t) silver

La Patria zone (Guadalupe deposit) – Infill

• Hole LPDH_254 returned 42.7 feet (13.0 meters) of 0.18 oz/t (6.2 g/t) gold and 3.8 oz/t (130.3 g/t) silver

• Drilling at Kensington identifying additional high-grade growth opportunities – Building on late last year’s infill program, Coeur began 2021 by drilling on the Elmira vein located approximately 2,700 feet (825 meters) east of the Kensington Main deposit while also testing expansion targets beyond Elmira, including the Johnson vein. Coeur’s elevated level of exploration investment at Kensington the past two years is intended to extend mine life and generate future potential growth opportunities beyond its existing reserves and resources. Notable assay results include:

Elmira – Infill & Expansion

• Hole EL21-0850-192-X30 returned 14.6 feet (4.5 meters) of 1.06 oz/t (36.3 g/t) gold
• Hole EL21-0850-192-X23 returned 19.7 feet (6.0 meters) of 0.48 oz/t (16.5 g/t) gold
• Hole EL21-0850-156-X11 returned 10.4 feet (3.2 meters) of 0.81 oz/t (27.8 g/t) gold, 0.8 feet (0.2 meters) of 6.43 oz/t (220.4 g/t) gold and 1.4 feet (0.4 meters) of 1.54 oz/t (53.7 g/t) gold

Johnson – Expansion

• Hole JN21-0900-181-X02 returned 1.2 feet (0.4 meters) of 1.31 oz/t (45.7 g/t) gold
• Hole JN21-0900-181-X04 returned 4.3 feet (1.3 meters) of 0.34 oz/t (11.7 g/t) gold
• Hole JN21-0900-181-X05 returned 3.6 feet (1.1 meters) of 0.72 oz/t (24.7 g/t) gold

• New Southern Silver zone at Silvertip continues to demonstrate growth potential – New surface and underground drilling has discovered a flat-lying “manto” portion of the Southern Silver zone. As highlighted below, the manto appears to be thicker in places than the previously drilled vertical breccia zones interpreted as mineralized feeder structures. After further analysis, the Company believes several other manto-feeder relationships may be present at the Discovery, Camp Creek and Central zones, and that underground drilling is the best approach to test these types of structures. Notable expansion drilling assay results from the Southern Silver zone manto mineralization include:

• Hole 65Z21-485-007-005 returned 65.6 feet (20.0 meters) of 2.7 oz/t (92.5 g/t) silver, 16.9% zinc and 0.5% lead
• Hole 65Z21-485-DDS1-015 returned 35.4 feet (10.8 meters) of 13.0 oz/t (445.7 g/t) silver, 19.4% zinc and 7.5% lead and 17.1 feet (5.2 meters) of 18.0 oz/t (617.1 g/t) silver, 7.7% zinc and 12.0% lead

• Positive results from largest drilling campaign at Wharf since acquisition – New significant oxide-gold assays were recently returned from the Portland Ridge – Boston claim group and Flossie area. Key highlights from the 2021 infill drilling campaign include:

• Hole W21R-4781 returned 120 feet (36.6 meters) of 0.22 oz/t (7.5 g/t) gold
• Hole W21R-4826 returned 200 feet (61.0 meters) of 0.12 oz/t (4.1 g/t) gold
• Hole W21R-4812 returned 40 feet (12.2 meters) of 0.31 oz/t (10.6 g/t) gold
• Hole W21R-4827 returned 70 feet (21.3 meters) of 0.14 oz/t (4.8 g/t) gold

“Our 2021 exploration program accelerated during the summer months with 27 rigs active across six sites,” said Hans J. Rasmussen, Coeur’s Senior Vice President of Exploration. “We remain on-track to deliver the largest exploration campaign in Company history and are regularly setting new monthly drilling records. We expect to complete roughly 1.2 million feet (365,750 meters) of drilling by the end of the year, with the primary objective of further extending mine lives across our portfolio. These goals, along with our track record of consistently growing our reserve and resource base through the drill bit, are true differentiators for Coeur. Assays from both Palmarejo and Silvertip continue to demonstrate significant growth potential, further validating our commitment to a higher-level of exploration investment at each site. The Hidalgo zone at Palmarejo represents the most significant near-mine opportunity since our focused exploration program began in 2012.”

Mr. Rasmussen continued, “Assay and drill thicknesses from the southern portion of Silvertip continue to exceed our expectations, specifically from the Southern Silver and Camp Creek zones. Additionally, airborne geophysical models suggest that these zones may continue another mile and a quarter (two kilometers) from our current drilling positions. Positive results like these, along with continued exploration success at Kensington and Wharf, give us confidence that we are making progress toward achieving our 2021 exploration objectives.”

For a complete table of all drill results, please refer to the following link: https://www.coeur.com/_resources/news/2021-09-09-Exploration-Update.pdf. Please see the “Cautionary Statements” section for additional information regarding drill results.

Palmarejo^2,3

Coeur has drilled a total of approximately 149,200 feet (45,475 meters) from up to eight diamond core rigs across six different zones (three infill targets and three expansion targets) through the first seven months of 2021, compared to roughly 118,600 feet (36,150 meters) during the same period in 2020.

Key highlights from the 2021 exploration program include:

Hidalgo zone (Independencia deposit)

• Up to four active rigs (two infill and two expansion)
• As previously discussed in Coeur’s February 17, 2021 news release, mineralization typically consists of several vein intercepts creating wide, high-grade “clavos” where mine planning could incorporate larger transverse stopes that support higher production rates
• Strategically located near existing mine infrastructure which has the potential to facilitate shorter development time to commence production
• Drill assay intervals have continued to produce the best grade-thickness at Palmarejo since drilling at the historic Clavo 76 prior to 2013

La Patria zone (Guadalupe deposit)

• Infill drilling with one drill rig has continued the exploration program that began in 2020, focusing on areas of historic drilling
• A second rig is currently being mobilized to test expansion targets to the southeast of the current resource area

North Independencia zone (Independencia deposit)

• Once the infill program is completed (currently estimated around mid-2022), Coeur plans to begin expansion drilling further northwest of the current resource limits

Guazapares district (greenfields exploration)

• Field reconnaissance has identified areas of surface alteration and quartz veining east of Palmarejo in the Guazapares district, which was acquired in 2015 as part of the acquisition of Paramount Gold and Silver Corp., sits outside the gold stream area of interest and totals nearly 15,000 hectares. Drill permitting at an initial target area (Carmela) is currently underway with the objective of commencing drilling at this new target by the end of the year

Coeur plans to transition its focus on various resource expansion targets in the remainder of 2021, while also continuing the infill program at the Independencia North, Hidalgo and La Patria zones. The Company’s priority targets for expansion drilling during the remainder of the year include (i) expanding the Hidalgo zone northwest towards the haul road, (ii) extending the North Independencia zone, (iii) drilling the southeast extension of the La Patria zone, (iv) scout drilling of the El Ojito zone, located in the northeastern portion of the Independencia deposit and subparallel to the Hidalgo zone, and (v) testing the new Carmela target located to the east within the Guazapares district.

Palmarejo 2021 Production & Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Production⁴: 100,000 – 110,000 ounces of gold and 6.5 – 7.8 million ounces of silver
• 2021E Exploration Investment¹: Approximately $14 million ($9 million expensed and $5 million capitalized)
• 2020 Proven and Probable Reserves: 849,000 ounces of gold at an average grade of 0.06 oz/t (1.9 g/t) and 59.4 million ounces of silver at an average grade of 3.9 oz/t (132.8 g/t)
• 2020 Measured and Indicated Resources: 613,000 ounces of gold at an average grade of 0.05 oz/t (1.6 g/t) and 51.1 million ounces of silver at an average grade of 3.8 oz/t (130.6 g/t)
• 2020 Inferred Resources: 280,000 ounces of gold at an average grade of 0.06 oz/t (2.2 g/t) and 14.5 million ounces of silver at an average grade of 3.3 oz/t (114.6 g/t)

   

Kensington^2,3

The 2021 Kensington exploration program started with two underground core rigs focused on infill drilling along the Elmira and Jualin vein structures. A limited number of expansion holes were also drilled into Johnson, located about 500 feet (150 meters) east of Elmira. Early in the third quarter, the Company ramped up to five core rigs, including three underground and two surface core rigs. Through the first seven months of 2021, Coeur drilled approximately 86,600 feet (26,395 meters) at Kensington compared to roughly 88,900 feet (27,100 meters) during the same period in 2020.

Elmira and the development drift established in late 2020 represent potential areas of future mining at Kensington. The Company plans to continue drilling these areas while focusing on refining the vein shapes through 2022. Coeur expects to declare a maiden reserve for Elmira at the end of the year with the goal of mining the deposit beginning in early 2023.

Additionally, Coeur has drilled the Johnson vein structure from the same platforms it used to test Elmira. The Company has completed approximately 23 holes into Johnson since the beginning of the year. Resource shapes for the new intercepts are still in the earliest phase of interpretation. Johnson also outcrops on surface where it has returned strong gold assays, representing about 1,000 feet (300 meters) of vertical dip length.

For the remainder of 2021, Coeur plans to (i) prioritize infill drilling at upper Kensington Zone 30, (ii) continue infill and expansion drilling around the edges of Elmira, (iii) conduct surface expansion drilling at upper Raven and Johnson, and (iv) execute helicopter-supported step-out drilling at the Comet, Big Lake and Gold King targets.

Kensington 2021 Production & Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Production⁴: 115,000 – 130,000 ounces of gold
• 2021E Exploration Investment¹: Approximately $13 million ($9 million expensed and $4 million capitalized)
• 2020 Proven and Probable Reserves: 331,000 ounces of gold at an average grade of 0.20 oz/t (6.8 g/t)
• 2020 Measured and Indicated Resources: 830,000 ounces of gold at an average grade of 0.23 oz/t (7.9 g/t)
• 2020 Inferred Resources: 394,000 ounces of gold at an average grade of 0.25 oz/t (8.5 g/t)

Silvertip^2,3

Coeur began the year drilling Silvertip with five surface rigs and one underground core rig focused on resource expansion, while also conducting infill drilling on select areas of the deposit to convert existing resources to reserves. Through first seven months of 2021, Coeur drilled approximately 199,900 feet (60,950 meters) at Silvertip compared to roughly 88,300 feet (26,925 meters) during the same period in 2020.

The Company’s news release on June 15, 2021 highlighted the discovery of the new Southern Silver zone, located adjacent to and enveloping the historic 65 zone manto mineralization. At that time, the new zone was interpreted to be primarily a series of vertically oriented breccia material with encouraging thicknesses and grades. Based on the positive results, the Company continued to advance underground development to support additional drilling in the area, which is now underway.

Recent drilling has encountered flat-lying, manto-style mineralization with meaningful thicknesses, highlighting the potential to grow resource tonnage with additional drilling. These results suggest that the ore body in the zone consists of both vertical- and flat-lying manto-style mineralization. Notably, this new interpretation may apply to other zones at Silvertip that have not yet had the benefit of underground drilling to test for both vertical- and flat-lying mineralization which could lead to higher angle structures that support additional resource tonnage.

Furthermore, the latest drill core is beginning to demonstrate that the mineralization within the Southern Silver zone continues to the southwest, south and southeast, connecting with the Camp Creek, Tour Ridge and Discovery zones, respectively.

Silvertip 2021 Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Exploration Investment¹: Approximately $18 million ($15 million expensed and $3 million capitalized)
• 2020 Proven and Probable Reserves: 14.6 million ounces of silver at an average grade of 8.1 oz/t (278.2 g/t), 296.1 million pounds of zinc at an average grade of 8.2% and 193.2 million pounds of lead at an average grade of 5.4%
• 2020 Measured and Indicated Resources: 17.4 million ounces of silver at an average grade of 7.4 oz/t (255.0 g/t), 442.1 million pounds of zinc at an average grade of 9.4% and 216.5 million pounds of lead at an average grade of 4.6%
• 2020 Inferred Resources: 12.0 million ounces of silver at an average grade of 8.3 oz/t (283.3 g/t), 308.7 million pounds of zinc at an average grade of 10.6% and 143.9 million pounds of lead at an average grade of 5.0%

   

Wharf^2,3

In early 2021, Coeur initiated the largest drilling campaign at Wharf since it acquired the operation in 2015. The Company plans to invest approximately $5 million¹ on exploration at Wharf this year – roughly the same amount spent cumulatively since acquisition⁵. Through the first seven months of 2021, Coeur drilled approximately 85,800 feet (26,175 meters) at Wharf compared to roughly 10,600 feet (3,225 meters) during the same period in 2020.

The Company has essentially achieved its target drill footage for the year, efficiently reaching its goal approximately 30% under budget. Building on this momentum, Coeur plans to keep one active rig turning at Wharf for the rest of the year.

Coeur is targeting oxide-gold hosted in the Deadwood Formation. The team has received about half the outstanding drill assays with roughly 40% of the holes returning results above resource grade thickness cutoff. Based on information received thus far, the Company expects to incorporate these results into its year-end 2021 resource model.

Wharf 2021 Production & Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Production⁴: 85,000 – 95,000 ounces of gold
• 2021E Exploration Investment¹: Approximately $5 million (substantially all capitalized)
• 2020 Proven and Probable Reserves: 720,000 ounces of gold at an average grade of 0.03 oz/t (0.9 g/t)
• 2020 Measured and Indicated Resources: 605,000 ounces of gold at an average grade of 0.02 oz/t (0.8 g/t)
• 2020 Inferred Resources: 67,000 ounces of gold at an average grade of 0.02 oz/t (0.7 g/t)

   

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding exploration efforts and plans, exploration expenditures, drill results, growth, extended mine lives, grade, thickness, investments, mine expansion and development plans, resource delineation, expansion, upgrade or conversion. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated additions or upgrades to reserves and resources are not attained, the risk that planned drilling programs may be curtailed or canceled due to budget constraints or other reasons, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold, silver, zinc and lead and a sustained lower price environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns), ground conditions, grade variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of mineral reserves, the potential effects of the COVID-19 pandemic, including impacts to the availability of our workforce, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Company markets its production, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of any third-party smelter to which Coeur markets its production, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.

Christopher Pascoe, Coeur’s Director, Technical Services and a qualified person under Canadian National Instrument 43-101, approved the scientific and technical information concerning Coeur’s mineral projects in this news release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, Canadian investors should refer to the Technical Reports for each of Coeur’s properties as filed on SEDAR at www.sedar.com.

Notes

The potential quantity and grade for the deposits described herein are conceptual in nature. There is insufficient exploratory work to define a mineral resource and it is uncertain if further exploration will result in the applicable target being delineated as a mineral resource.

1. Reflects midpoint of guidance as published by Coeur on July 28, 2021.
2. For a complete table of all drill results included in this release, please refer to the following link: https://www.coeur.com/_resources/news/2021-09-09-Exploration-Update.pdf.
3. Rounding of grades, to significant figures, may result in apparent differences.
4. Guidance as published by Coeur on July 28, 2021.
5. Reflects cumulative investment in exploration at Wharf between 2015 and 2020.

2020 Year-End Proven and Probable Reserves

2020 Year-End Measured and Indicated Resources

2020 Year-End Inferred Resources

Notes to above Mineral Reserves and Resources:

1. The qualified person for Mineral Reserve and Mineral Resources estimates is Christopher Pascoe, Coeur’s Director, Technical Services.
2. Mineral Reserve and Mineral Resource estimates are effective December 31, 2020.
3. Assumed metal prices for estimated Mineral Reserves were $1,400 per ounce of gold, $17.00 per ounce of silver, $1.15 per pound of zinc, $0.95 per pound of lead.
4. Assumed metal prices for estimated Mineral Resources were $1,600 per ounce of gold, $20.00 per ounce of silver, $1.30 per pound of zinc, $1.00 per pound of lead, except Lincoln Hill and Wilco at $1,350 per ounce of gold and $22.00 per ounce of silver, and La Preciosa at $1,500 per ounce of gold and $20.00 per ounce of silver.
5. Mineral Resources are in addition to Mineral Reserves and do not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of Mineral Reserves, and there is no certainty that the Inferred Mineral Resources will be realized.
6. Rounding of tons and ounces, as required by reporting guidelines, may result in apparent differences between tons, grade, and contained metal content.
7. Excludes the impact of the gold stream agreement at Palmarejo.
8. For details on the estimation of mineral resources and reserves, including the key assumptions, parameters and methods used to estimate the Mineral Resources and Mineral Reserves, Canadian investors should refer to the NI 43-101 Technical Reports for Coeur’s properties on file at www.sedar.com.

Conversion Table

Coeur Provides Exploration Update

 

CHICAGO–(BUSINESS WIRE)–Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported an update on its 2021 exploration programs at its Palmarejo and Kensington operations, following its update on February 17, 2021. The Company also highlighted new drilling results at its Silvertip and Wharf mines. Coeur drilled approximately 698,100 feet (212,775 meters) from 27 active rigs at six different locations through the first seven months of 2021, reflecting a year-over-year increase of roughly 58%. The Company plans to invest approximately $75 million¹ in exploration this year, nearly 50% higher than last year’s record exploration investment, representing one of the sector’s largest exploration programs.

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Key Highlights^2,3

• Ongoing drilling success at Palmarejo leading to new high-grade growth – Coeur has been successfully generating results from its infill and expansion drilling campaign within the Independencia and Guadalupe deposits. Specifically, assays across multiple target areas, including the Hidalgo zone located at the northwest end of Independencia near existing infrastructure, have returned high-grade intercepts that demonstrate significant near-mine growth potential. Key highlights include:

Hidalgo zone (Independencia deposit) – Infill

• Hole HGDH_050 returned 142.7 feet (43.5 meters) of 0.11 ounces per ton (“oz/t”) (3.8 grams per tonne (“g/t”)) gold and 7.9 oz/t (270.9 g/t) silver
• Hole HGDH_069 returned 55.1 feet (16.8 meters) of 0.14 oz/t (4.8 g/t) gold and 15.5 oz/t (531.4 g/t) silver
• Hole HGDH_072 returned 12.8 feet (3.9 meters) of 0.69 oz/t (23.7 g/t) gold and 23.9 oz/t (819.4 g/t) silver

North Independencia (Independencia deposit) – Infill

• Hole VIDH_161 returned 11.2 feet (3.4 meters) of 0.27 oz/t (9.3 g/t) gold and 15.7 oz/t (538.3 g/t) silver

Hidalgo zone (Independencia deposit) – Expansion

• Hole HGDH_062 returned 1.3 feet (0.4 meters) of 4.03 oz/t (138.2 g/t) gold and 18.2 oz/t (624.0 g/t) silver

La Patria zone (Guadalupe deposit) – Infill

• Hole LPDH_254 returned 42.7 feet (13.0 meters) of 0.18 oz/t (6.2 g/t) gold and 3.8 oz/t (130.3 g/t) silver

• Drilling at Kensington identifying additional high-grade growth opportunities – Building on late last year’s infill program, Coeur began 2021 by drilling on the Elmira vein located approximately 2,700 feet (825 meters) east of the Kensington Main deposit while also testing expansion targets beyond Elmira, including the Johnson vein. Coeur’s elevated level of exploration investment at Kensington the past two years is intended to extend mine life and generate future potential growth opportunities beyond its existing reserves and resources. Notable assay results include:

Elmira – Infill & Expansion

• Hole EL21-0850-192-X30 returned 14.6 feet (4.5 meters) of 1.06 oz/t (36.3 g/t) gold
• Hole EL21-0850-192-X23 returned 19.7 feet (6.0 meters) of 0.48 oz/t (16.5 g/t) gold
• Hole EL21-0850-156-X11 returned 10.4 feet (3.2 meters) of 0.81 oz/t (27.8 g/t) gold, 0.8 feet (0.2 meters) of 6.43 oz/t (220.4 g/t) gold and 1.4 feet (0.4 meters) of 1.54 oz/t (53.7 g/t) gold

Johnson – Expansion

• Hole JN21-0900-181-X02 returned 1.2 feet (0.4 meters) of 1.31 oz/t (45.7 g/t) gold
• Hole JN21-0900-181-X04 returned 4.3 feet (1.3 meters) of 0.34 oz/t (11.7 g/t) gold
• Hole JN21-0900-181-X05 returned 3.6 feet (1.1 meters) of 0.72 oz/t (24.7 g/t) gold

• New Southern Silver zone at Silvertip continues to demonstrate growth potential – New surface and underground drilling has discovered a flat-lying “manto” portion of the Southern Silver zone. As highlighted below, the manto appears to be thicker in places than the previously drilled vertical breccia zones interpreted as mineralized feeder structures. After further analysis, the Company believes several other manto-feeder relationships may be present at the Discovery, Camp Creek and Central zones, and that underground drilling is the best approach to test these types of structures. Notable expansion drilling assay results from the Southern Silver zone manto mineralization include:

• Hole 65Z21-485-007-005 returned 65.6 feet (20.0 meters) of 2.7 oz/t (92.5 g/t) silver, 16.9% zinc and 0.5% lead
• Hole 65Z21-485-DDS1-015 returned 35.4 feet (10.8 meters) of 13.0 oz/t (445.7 g/t) silver, 19.4% zinc and 7.5% lead and 17.1 feet (5.2 meters) of 18.0 oz/t (617.1 g/t) silver, 7.7% zinc and 12.0% lead

• Positive results from largest drilling campaign at Wharf since acquisition – New significant oxide-gold assays were recently returned from the Portland Ridge – Boston claim group and Flossie area. Key highlights from the 2021 infill drilling campaign include:

• Hole W21R-4781 returned 120 feet (36.6 meters) of 0.22 oz/t (7.5 g/t) gold
• Hole W21R-4826 returned 200 feet (61.0 meters) of 0.12 oz/t (4.1 g/t) gold
• Hole W21R-4812 returned 40 feet (12.2 meters) of 0.31 oz/t (10.6 g/t) gold
• Hole W21R-4827 returned 70 feet (21.3 meters) of 0.14 oz/t (4.8 g/t) gold

“Our 2021 exploration program accelerated during the summer months with 27 rigs active across six sites,” said Hans J. Rasmussen, Coeur’s Senior Vice President of Exploration. “We remain on-track to deliver the largest exploration campaign in Company history and are regularly setting new monthly drilling records. We expect to complete roughly 1.2 million feet (365,750 meters) of drilling by the end of the year, with the primary objective of further extending mine lives across our portfolio. These goals, along with our track record of consistently growing our reserve and resource base through the drill bit, are true differentiators for Coeur. Assays from both Palmarejo and Silvertip continue to demonstrate significant growth potential, further validating our commitment to a higher-level of exploration investment at each site. The Hidalgo zone at Palmarejo represents the most significant near-mine opportunity since our focused exploration program began in 2012.”

Mr. Rasmussen continued, “Assay and drill thicknesses from the southern portion of Silvertip continue to exceed our expectations, specifically from the Southern Silver and Camp Creek zones. Additionally, airborne geophysical models suggest that these zones may continue another mile and a quarter (two kilometers) from our current drilling positions. Positive results like these, along with continued exploration success at Kensington and Wharf, give us confidence that we are making progress toward achieving our 2021 exploration objectives.”

For a complete table of all drill results, please refer to the following link: https://www.coeur.com/_resources/news/2021-09-09-Exploration-Update.pdf. Please see the “Cautionary Statements” section for additional information regarding drill results.

Palmarejo^2,3

Coeur has drilled a total of approximately 149,200 feet (45,475 meters) from up to eight diamond core rigs across six different zones (three infill targets and three expansion targets) through the first seven months of 2021, compared to roughly 118,600 feet (36,150 meters) during the same period in 2020.

Key highlights from the 2021 exploration program include:

Hidalgo zone (Independencia deposit)

• Up to four active rigs (two infill and two expansion)
• As previously discussed in Coeur’s February 17, 2021 news release, mineralization typically consists of several vein intercepts creating wide, high-grade “clavos” where mine planning could incorporate larger transverse stopes that support higher production rates
• Strategically located near existing mine infrastructure which has the potential to facilitate shorter development time to commence production
• Drill assay intervals have continued to produce the best grade-thickness at Palmarejo since drilling at the historic Clavo 76 prior to 2013

La Patria zone (Guadalupe deposit)

• Infill drilling with one drill rig has continued the exploration program that began in 2020, focusing on areas of historic drilling
• A second rig is currently being mobilized to test expansion targets to the southeast of the current resource area

North Independencia zone (Independencia deposit)

• Once the infill program is completed (currently estimated around mid-2022), Coeur plans to begin expansion drilling further northwest of the current resource limits

Guazapares district (greenfields exploration)

• Field reconnaissance has identified areas of surface alteration and quartz veining east of Palmarejo in the Guazapares district, which was acquired in 2015 as part of the acquisition of Paramount Gold and Silver Corp., sits outside the gold stream area of interest and totals nearly 15,000 hectares. Drill permitting at an initial target area (Carmela) is currently underway with the objective of commencing drilling at this new target by the end of the year

Coeur plans to transition its focus on various resource expansion targets in the remainder of 2021, while also continuing the infill program at the Independencia North, Hidalgo and La Patria zones. The Company’s priority targets for expansion drilling during the remainder of the year include (i) expanding the Hidalgo zone northwest towards the haul road, (ii) extending the North Independencia zone, (iii) drilling the southeast extension of the La Patria zone, (iv) scout drilling of the El Ojito zone, located in the northeastern portion of the Independencia deposit and subparallel to the Hidalgo zone, and (v) testing the new Carmela target located to the east within the Guazapares district.

Palmarejo 2021 Production & Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Production⁴: 100,000 – 110,000 ounces of gold and 6.5 – 7.8 million ounces of silver
• 2021E Exploration Investment¹: Approximately $14 million ($9 million expensed and $5 million capitalized)
• 2020 Proven and Probable Reserves: 849,000 ounces of gold at an average grade of 0.06 oz/t (1.9 g/t) and 59.4 million ounces of silver at an average grade of 3.9 oz/t (132.8 g/t)
• 2020 Measured and Indicated Resources: 613,000 ounces of gold at an average grade of 0.05 oz/t (1.6 g/t) and 51.1 million ounces of silver at an average grade of 3.8 oz/t (130.6 g/t)
• 2020 Inferred Resources: 280,000 ounces of gold at an average grade of 0.06 oz/t (2.2 g/t) and 14.5 million ounces of silver at an average grade of 3.3 oz/t (114.6 g/t)

   

Kensington^2,3

The 2021 Kensington exploration program started with two underground core rigs focused on infill drilling along the Elmira and Jualin vein structures. A limited number of expansion holes were also drilled into Johnson, located about 500 feet (150 meters) east of Elmira. Early in the third quarter, the Company ramped up to five core rigs, including three underground and two surface core rigs. Through the first seven months of 2021, Coeur drilled approximately 86,600 feet (26,395 meters) at Kensington compared to roughly 88,900 feet (27,100 meters) during the same period in 2020.

Elmira and the development drift established in late 2020 represent potential areas of future mining at Kensington. The Company plans to continue drilling these areas while focusing on refining the vein shapes through 2022. Coeur expects to declare a maiden reserve for Elmira at the end of the year with the goal of mining the deposit beginning in early 2023.

Additionally, Coeur has drilled the Johnson vein structure from the same platforms it used to test Elmira. The Company has completed approximately 23 holes into Johnson since the beginning of the year. Resource shapes for the new intercepts are still in the earliest phase of interpretation. Johnson also outcrops on surface where it has returned strong gold assays, representing about 1,000 feet (300 meters) of vertical dip length.

For the remainder of 2021, Coeur plans to (i) prioritize infill drilling at upper Kensington Zone 30, (ii) continue infill and expansion drilling around the edges of Elmira, (iii) conduct surface expansion drilling at upper Raven and Johnson, and (iv) execute helicopter-supported step-out drilling at the Comet, Big Lake and Gold King targets.

Kensington 2021 Production & Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Production⁴: 115,000 – 130,000 ounces of gold
• 2021E Exploration Investment¹: Approximately $13 million ($9 million expensed and $4 million capitalized)
• 2020 Proven and Probable Reserves: 331,000 ounces of gold at an average grade of 0.20 oz/t (6.8 g/t)
• 2020 Measured and Indicated Resources: 830,000 ounces of gold at an average grade of 0.23 oz/t (7.9 g/t)
• 2020 Inferred Resources: 394,000 ounces of gold at an average grade of 0.25 oz/t (8.5 g/t)

Silvertip^2,3

Coeur began the year drilling Silvertip with five surface rigs and one underground core rig focused on resource expansion, while also conducting infill drilling on select areas of the deposit to convert existing resources to reserves. Through first seven months of 2021, Coeur drilled approximately 199,900 feet (60,950 meters) at Silvertip compared to roughly 88,300 feet (26,925 meters) during the same period in 2020.

The Company’s news release on June 15, 2021 highlighted the discovery of the new Southern Silver zone, located adjacent to and enveloping the historic 65 zone manto mineralization. At that time, the new zone was interpreted to be primarily a series of vertically oriented breccia material with encouraging thicknesses and grades. Based on the positive results, the Company continued to advance underground development to support additional drilling in the area, which is now underway.

Recent drilling has encountered flat-lying, manto-style mineralization with meaningful thicknesses, highlighting the potential to grow resource tonnage with additional drilling. These results suggest that the ore body in the zone consists of both vertical- and flat-lying manto-style mineralization. Notably, this new interpretation may apply to other zones at Silvertip that have not yet had the benefit of underground drilling to test for both vertical- and flat-lying mineralization which could lead to higher angle structures that support additional resource tonnage.

Furthermore, the latest drill core is beginning to demonstrate that the mineralization within the Southern Silver zone continues to the southwest, south and southeast, connecting with the Camp Creek, Tour Ridge and Discovery zones, respectively.

Silvertip 2021 Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Exploration Investment¹: Approximately $18 million ($15 million expensed and $3 million capitalized)
• 2020 Proven and Probable Reserves: 14.6 million ounces of silver at an average grade of 8.1 oz/t (278.2 g/t), 296.1 million pounds of zinc at an average grade of 8.2% and 193.2 million pounds of lead at an average grade of 5.4%
• 2020 Measured and Indicated Resources: 17.4 million ounces of silver at an average grade of 7.4 oz/t (255.0 g/t), 442.1 million pounds of zinc at an average grade of 9.4% and 216.5 million pounds of lead at an average grade of 4.6%
• 2020 Inferred Resources: 12.0 million ounces of silver at an average grade of 8.3 oz/t (283.3 g/t), 308.7 million pounds of zinc at an average grade of 10.6% and 143.9 million pounds of lead at an average grade of 5.0%

   

Wharf^2,3

In early 2021, Coeur initiated the largest drilling campaign at Wharf since it acquired the operation in 2015. The Company plans to invest approximately $5 million¹ on exploration at Wharf this year – roughly the same amount spent cumulatively since acquisition⁵. Through the first seven months of 2021, Coeur drilled approximately 85,800 feet (26,175 meters) at Wharf compared to roughly 10,600 feet (3,225 meters) during the same period in 2020.

The Company has essentially achieved its target drill footage for the year, efficiently reaching its goal approximately 30% under budget. Building on this momentum, Coeur plans to keep one active rig turning at Wharf for the rest of the year.

Coeur is targeting oxide-gold hosted in the Deadwood Formation. The team has received about half the outstanding drill assays with roughly 40% of the holes returning results above resource grade thickness cutoff. Based on information received thus far, the Company expects to incorporate these results into its year-end 2021 resource model.

Wharf 2021 Production & Exploration Guidance and Year-End 2020 Reserves and Resources:

• 2021E Production⁴: 85,000 – 95,000 ounces of gold
• 2021E Exploration Investment¹: Approximately $5 million (substantially all capitalized)
• 2020 Proven and Probable Reserves: 720,000 ounces of gold at an average grade of 0.03 oz/t (0.9 g/t)
• 2020 Measured and Indicated Resources: 605,000 ounces of gold at an average grade of 0.02 oz/t (0.8 g/t)
• 2020 Inferred Resources: 67,000 ounces of gold at an average grade of 0.02 oz/t (0.7 g/t)

   

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America.

Cautionary Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada, including statements regarding exploration efforts and plans, exploration expenditures, drill results, growth, extended mine lives, grade, thickness, investments, mine expansion and development plans, resource delineation, expansion, upgrade or conversion. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Coeur’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the risk that anticipated additions or upgrades to reserves and resources are not attained, the risk that planned drilling programs may be curtailed or canceled due to budget constraints or other reasons, the risks and hazards inherent in the mining business (including risks inherent in developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), changes in the market prices of gold, silver, zinc and lead and a sustained lower price environment, the uncertainties inherent in Coeur’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays (including the impact of government shutdowns), ground conditions, grade variability, any future labor disputes or work stoppages, the uncertainties inherent in the estimation of mineral reserves, the potential effects of the COVID-19 pandemic, including impacts to the availability of our workforce, continued access to financing sources, government orders that may require temporary suspension of operations at one or more of our sites and effects on our suppliers or the refiners and smelters to whom the Company markets its production, changes that could result from Coeur’s future acquisition of new mining properties or businesses, the loss of any third-party smelter to which Coeur markets its production, the effects of environmental and other governmental regulations, the risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries, Coeur’s ability to raise additional financing necessary to conduct its business, make payments or refinance its debt, as well as other uncertainties and risk factors set out in filings made from time to time with the United States Securities and Exchange Commission, and the Canadian securities regulators, including, without limitation, Coeur’s most recent reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.

Christopher Pascoe, Coeur’s Director, Technical Services and a qualified person under Canadian National Instrument 43-101, approved the scientific and technical information concerning Coeur’s mineral projects in this news release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as data verification procedures and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, Canadian investors should refer to the Technical Reports for each of Coeur’s properties as filed on SEDAR at www.sedar.com.

Notes

The potential quantity and grade for the deposits described herein are conceptual in nature. There is insufficient exploratory work to define a mineral resource and it is uncertain if further exploration will result in the applicable target being delineated as a mineral resource.

1. Reflects midpoint of guidance as published by Coeur on July 28, 2021.
2. For a complete table of all drill results included in this release, please refer to the following link: https://www.coeur.com/_resources/news/2021-09-09-Exploration-Update.pdf.
3. Rounding of grades, to significant figures, may result in apparent differences.
4. Guidance as published by Coeur on July 28, 2021.
5. Reflects cumulative investment in exploration at Wharf between 2015 and 2020.

2020 Year-End Proven and Probable Reserves

2020 Year-End Measured and Indicated Resources

2020 Year-End Inferred Resources

Notes to above Mineral Reserves and Resources:

1. The qualified person for Mineral Reserve and Mineral Resources estimates is Christopher Pascoe, Coeur’s Director, Technical Services.
2. Mineral Reserve and Mineral Resource estimates are effective December 31, 2020.
3. Assumed metal prices for estimated Mineral Reserves were $1,400 per ounce of gold, $17.00 per ounce of silver, $1.15 per pound of zinc, $0.95 per pound of lead.
4. Assumed metal prices for estimated Mineral Resources were $1,600 per ounce of gold, $20.00 per ounce of silver, $1.30 per pound of zinc, $1.00 per pound of lead, except Lincoln Hill and Wilco at $1,350 per ounce of gold and $22.00 per ounce of silver, and La Preciosa at $1,500 per ounce of gold and $20.00 per ounce of silver.
5. Mineral Resources are in addition to Mineral Reserves and do not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of Mineral Reserves, and there is no certainty that the Inferred Mineral Resources will be realized.
6. Rounding of tons and ounces, as required by reporting guidelines, may result in apparent differences between tons, grade, and contained metal content.
7. Excludes the impact of the gold stream agreement at Palmarejo.
8. For details on the estimation of mineral resources and reserves, including the key assumptions, parameters and methods used to estimate the Mineral Resources and Mineral Reserves, Canadian investors should refer to the NI 43-101 Technical Reports for Coeur’s properties on file at www.sedar.com.

Conversion Table

Comstock Acquires Plain Sight Innovations Corporation

 

Extensive Portfolio of Pioneering Clean Technologies; Cellulosic Biofuels

VIRGINIA CITY, Nev., Sept. 09, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced its acquisition of 100% of the issued and outstanding equity of Plain Sight Innovations Corporation (“PSI”) in exchange for 8,500,000 restricted shares of its common stock, and all of the intellectual property assets of PSI’s affiliate, FLUX Photon Corporation (“FPC”), in exchange for a performance-based cash payment equal to 20% of the Company’s future consolidated net cash flow from operations up to $18,000,000.

PSI’s management team has deep experience in a diverse array of industries, including renewable fuels, hazardous waste, agriproducts, and other commodities with almost thirty years of clean technology research, development, and commercialization expertise, with an emphasis on the extraction and valorization of natural resources.

PSI owns an array of patented, patent-pending and proprietary process technologies that were designed to convert low cost, ubiquitous woody biomass feedstocks into cellulosic ethanol, while producing a portfolio of co-products, including renewable diesel and an extraordinary new form of biomass-derived crystalline graphite, or biographite, with compelling applications in the production of carbon neutral batteries and other electrification components. PSI also operates a commercial pilot cellulosic fuel facility based on its technologies in Wisconsin, where it has already proven the ability to efficiently convert various forms of woody biomass into cellulosic ethanol and co-product precursors for renewable diesel, biographite, bioplastics, and a portfolio of carbon neutral alternatives to fossil fuels.

The Path to Decarbonization is in Plain Sight

The transportation sector is expected to dramatically increase the production of electric vehicles to more than 30% of all auto sales by 2030. However, more than two thirds of the energy required to power those electric vehicles is expected to come from burning fossil fuels, and the direct combustion of liquid fuels will most certainly continue to be the dominant source of power for transportation for decades. Burning less, burning smarter, and reusing emissions are therefore critical objectives as the world moves to clean energy and decarbonization.

“Renewable fuels provide a critical pathway for decarbonization, however, most current forms of renewable fuel draw from the same pool of conventional feedstocks, including corn and various vegetable oils in the U.S., and the entire universe of those feedstocks only represents a tiny fraction of the domestic burn,” said David Winsness, PSI’s founder and Chief Executive Officer. “Unfortunately, the lifecycle carbon benefits of growing, harvesting, and using conventional feedstocks are extremely limited. Our technologies were designed to address that dilemma by converting abundantly available forestry wastes, short rotation energy crops, and other low-cost sources of woody biomass into natural liquid fuels with vastly superior benefits for a fraction of the refining costs of conventional renewable fuels.”

The U.S. Department of Energy has estimated that more than one billion tons of forestry wastes and other forms of biomass will be produced annually by 2027 with continued growth thereafter. That’s enough new feedstock to produce as much as 70 billion gallons per year of advanced carbon neutral fuels with PSI’s proven technologies, or more than one third of the U.S. transportation demand on an energy equivalent basis.

Cellulosic Fuels

“That’s enough feedstock to rapidly neutralize motor fuel emissions in conjunction with America’s transition to electrification and renewable energy,” added Winsness. “PSI’s cellulosic fuels facilities will be the first of their kind, with an expected financial, natural, and social impact far in excess of any other platform, renewable or otherwise.”

PSI’s first facility is expected to scale up to an initial capacity exceeding 330,000 tons per year of forestry wastes over its first three years of operations, as it extracts, converts, and refines biomass into ethanol, renewable diesel fuel, and biographite to generate annualized revenues exceeding $86,000,000, $173,000,000, and $346,000,000 per year during the facility’s first three full years of operations, respectively, as shown in the following summary projections:

Comstock’s Executive Chairman and Chief Executive Officer, Corrado De Gasperis, commented, “Cellulosic fuel production, like lithium-ion battery recycling and industrial hemp production, is poised for, and we are planning for, exponential growth. Our guidance for these three businesses represents just one facility each and we are planning for over one hundred cellulosic fuel facilities in the U.S. alone. That level of production barely dents the transportation fuels market, yet it represents a meaningful impact on shifting consumption and the resulting decarbonization.”

Ecosystem of Strategic Feedstocks, Processes, and Products

PSI’s technologies are especially important to the Company’s plans to build a synergistic ecosystem of strategic lines of business and production facilities with complimentary feedstocks and products, supported by world class technological and engineering talent. The Company’s ability to systemically discover, develop, engineer, manufacture and commission its own solutions, represents a remarkable competitive advantage that enables speed.

Benchmark Mineral Intelligence estimates that the major automakers have committed over $300 billion to developing electric vehicles (“EVs”) and that over 2,000 GWh of lithium-ion battery (“LIB”) production capacity is in the pipeline. That amount of production in turn equates to 1.4 million tons of new annual graphite demand by 2028. Conventional graphite comes from natural deposits or the carbonization of petroleum products, with market values ranging from about $10,000 per ton for natural graphite to $20,000 per ton for synthetic graphite.

De Gasperis continued, “Most of my relevant experience comes from managing the global manufacturing of carbon-based, material-science products, particularly synthetic graphite. I was literally stunned by PSI’s discovery of a natural source of carbon neutral biographite. When we consider that every cathode in every lithium-ion battery needs an anode, and most anodes are made from synthetic graphite which is substantially all produced with carbon intensive fossil fuel derivatives, then we understand that that industry is not climate smart or clean. We can fundamentally change the game by introducing the world’s first scalable carbon neutral alternative to fossil fuel derived graphite.”

PSI’s intellectual property portfolio also includes remarkably advanced new approaches to carbon capture and utilization, atmospheric water harvesting, waste heat and energy recovery, and industrial photosynthesis for terascale decarbonization and the sustainable production of very large agricultural outputs for fractional inputs.

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.

Wednesday, September 08, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
The Initial Resource Estimate Is Not Expected to Be an End Point

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

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

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

Latest drill results. Resource definition drilling at Breccia Bx 1 has entailed 62 drill holes, representing 17,936 meters of drilling. Chakana released drill results from the final 7 resource definition holes from Bx 1 that provided strong readings that were consistent with previous drill results. Additional resource definition drill results for Bx 5 and Huancarama are pending.


Initial resource estimate expected in Q4′ 2021.  The company expects to release an initial resource estimate in the fourth quarter of 2021 which will include Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama down to a depth of 300 meters. While Chakana’s near-term focus is the completion of the initial resource estimate, the company still has ground to cover in terms of defining Soledad’s …

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. 

Wednesday, September 08, 2021

Palladium One Mining Inc. (NKORF)(PDM:CA)
Doubling Up At LK With Ample Room for Growth

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

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

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

Haukiaho resource estimate. Palladium One released results a NI 43-101 compliant resource estimate for the Haukiaho zone which doubles the LK PGE-Cu-Ni project mineral resource to 0.6 million ounces of palladium equivalent indicated resources and 1.7 million ounces of palladium equivalent inferred resources. The resource estimate for Haukiaho adds 1.21 million ounces of palladium equivalent inferred resources. Resource definition drilling in the Greater Kaukua area has been completed and an updated NI 43-101 compliant mineral resource estimated is expected to be completed by year-end. A preliminary economic assessment is expected in mid-2022.


Ample room for resource growth.  In addition to an updated mineral resource estimate for the Greater Kaukua area, the remaining 12 kilometers of the Haukiaho Trend has not been drill tested although historic drilling has affirmed that the trend is mineralized. The company has identified two significant anomalies immediately east of the Haukiaho resource area that could potentially be upgraded to …

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. 

Aurania Completes its First Environment, Social and Governance Report

 

Toronto, Ontario, September 7, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce that it has completed its first, annual Environment, Social and Governance (“ESG”) report, through the assistance of Onyen Corporation’s innovative ESG software solution for resource companies.  The report is presented as an ESG scorecard and can be accessed via a link on the Company’s website.

This report dovetails with the Company’s ISO14001 certification for its environmental work achieved in 2020 and renewed in 2021.  Both the ISO registration and the ESG report provide yardsticks against which Aurania can measure its efforts to minimize its already small environmental footprint, find ways of makings its social outreach more effective, while maintaining its strict governance standards through its Board of Directors and entire management team.  A short video that captures some of the challenges and aspirations of our local stakeholders, the Shuar indigenous people, is available on Aurania’s website and can be viewed here.

Aurania’s Chairman and CEO, Dr Keith Barron commented, “President Guillermo Lasso has provided unequivocal guidance as to how he would like to see the resource industry develop in Ecuador; to drive economic growth through leadership that provides exemplary social engagement and environmental stewardship.  Our entire team has heard the President’s message and is rising to that challenge.  Our maiden ESG report, coupled with our ISO14001 registration, provide evidence of our commitment, but more importantly, help us to measure our progress and challenge us to do better.”

About Onyen

Onyen Corporation is a Canadian company that offers resource companies an innovative software solution to efficiently complete their Environmental, Social, and Governance (ESG) reporting obligations; manage their risks; heighten their ESG profile; and be included in institutional funding channels and potentially provide access to alternative sources of capital.  For more information on Onyen – planet earth’s ESG reporting system -, please visit www.onyen.com.

About Aurania

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

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

For further information, please contact:

Carolyn Muir VP Investor Relations Aurania Resources Ltd. (416) 367-3200 carolyn.muir@aurania.com

Dr. Richard Spencer President Aurania Resources Ltd. (416) 367-3200 richard.spencer@aurania.com

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

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Aurania Completes its First Environment, Social and Governance Report

 

Toronto, Ontario, September 7, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce that it has completed its first, annual Environment, Social and Governance (“ESG”) report, through the assistance of Onyen Corporation’s innovative ESG software solution for resource companies.  The report is presented as an ESG scorecard and can be accessed via a link on the Company’s website.

This report dovetails with the Company’s ISO14001 certification for its environmental work achieved in 2020 and renewed in 2021.  Both the ISO registration and the ESG report provide yardsticks against which Aurania can measure its efforts to minimize its already small environmental footprint, find ways of makings its social outreach more effective, while maintaining its strict governance standards through its Board of Directors and entire management team.  A short video that captures some of the challenges and aspirations of our local stakeholders, the Shuar indigenous people, is available on Aurania’s website and can be viewed here.

Aurania’s Chairman and CEO, Dr Keith Barron commented, “President Guillermo Lasso has provided unequivocal guidance as to how he would like to see the resource industry develop in Ecuador; to drive economic growth through leadership that provides exemplary social engagement and environmental stewardship.  Our entire team has heard the President’s message and is rising to that challenge.  Our maiden ESG report, coupled with our ISO14001 registration, provide evidence of our commitment, but more importantly, help us to measure our progress and challenge us to do better.”

About Onyen

Onyen Corporation is a Canadian company that offers resource companies an innovative software solution to efficiently complete their Environmental, Social, and Governance (ESG) reporting obligations; manage their risks; heighten their ESG profile; and be included in institutional funding channels and potentially provide access to alternative sources of capital.  For more information on Onyen – planet earth’s ESG reporting system -, please visit www.onyen.com.

About Aurania

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

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

For further information, please contact:

Carolyn Muir VP Investor Relations Aurania Resources Ltd. (416) 367-3200 carolyn.muir@aurania.com

Dr. Richard Spencer President Aurania Resources Ltd. (416) 367-3200 richard.spencer@aurania.com

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

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Tuesday, September 07, 2021

Aurania Resources (AUIAF)(ARU:CA)
Epithermal Gold Targets In the Line-Up

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.

Drilling program. Six drill holes have been completed at the Tsenken N1 sediment-hosted copper-silver target with Hole TSN1-007 still underway. We think management intends to complete 10 drill holes at Tsenken N1. Three drill holes have been completed at the Tiria-Shimpia silver-zinc-lead target. While the first two holes intersected more mineralized layers than anticipated, grades were lower than expected. Results from Hole 3 are expected to be similar. The rig is being moved to a different location than the first three holes and drilling will begin later this month.


Epithermal gold targets.  Aurania will resume drilling on the epithermal gold-silver systems, including Latorre C, later this year while management prioritizes various targets that continue to emerge in the southwestern portion of the project area. While recent drilling activity has centered on Tsenken N1 and Tiria-Shimpia, epithermal gold targets will likely get renewed attention later this year …

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