Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) (“Lucky” or the “Company“) is pleased to announce it has identified the Wayka target (“Wayka”), a new epithermal system in which initial assay results from surface outcrop panel samples have returned up to 2.90 g/t gold at its 100% owned Fortuna Property (“Fortuna”). Fortuna comprises approximately 55,000 hectares in a known mineralized zone in southern Ecuador.
Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce new assay results (Table 1) from the drilling campaign at the Escape Lake Deposit currently underway with two drills at the Company’s Thunder Bay North Project (the “Project“). A total of 30,000m of systematic delineation drilling connecting the Escape South and Steepledge South resource areas is planned for the Escape Lake Deposit in 2021.
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured Gold-Linked Notes due 2024 (the “Gold Notes”) (TSX: GCM.NT.U) as follows:
Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to announce the start-up of the Phase II drill program (the “Program”) at its flagship Pilar Gold-Silver Project. The Program will consist of two stages and plans for a minimum of 4,000-meters of Reverse Circulation (“RC”) Drilling. Stage One will focus on the continued definition and expansion of the Main Zone, which during Phase I returned 94.6-meters at 1.6 g/t Au including 9.2m at 10.8 g/t Au and 38 g/t Ag in drill hole JES-20-32. Stage Two will begin to test new targets across the property including the Triple Vein Zone and 4-Trench Extension.
Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces the execution of a definitive agreements with SOQUEM Inc. (“SOQUEM”) in connection with the acquisition by Cartier of all the rights and interests of SOQUEM (i.e. 50%) in a group of 14 mining claims located 50 km southwest of Chapais in consideration for a purchase price of $700,000 payable as follows: (a) an amount of $300,000 in cash and (b) the issuance of 1,261,431 common shares of Cartier.
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to provide an update on its Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. To date, the Company has completed 28 diamond drill holes totalling 10,677 metres to test the Huayra Kasa Mine area, Santa Barbara Breccia Pipe (“SBBP”) and Central Breccia Pipe (“CBP”) targets. This press release reports further drilling results from five additional holes (DSB-02 to DSB-06) on SBBP and detailed continuous channel sampling in the Santa Barbara adit. Two new holes (DCN-01 and DCN-02) have been completed on the CBP with results pending. Figure 1 is a geological plan map showing locations of the drill holes and updated geological interpretation. Figure 2 is a geological cross section along the axis of the SBBP showing location of the main mineralized zone. Figure 3 is a N-S cross section through the SBBP. Figure 4 is map of the continuous channel sampling at the Santa Barbara adit. Tables 1 gives significant drilling results, Table 2 gives complete continuous channel sampling results for the Santa Barbara Adit and Table 3 lists holes completed with assays pending. Highlights are as follows:
Gran Colombia Gold Corp. ( TSX:GCM;OTCQX: TPRFF) announced today that it produced a total of 18,643 ounces of gold at its Segovia Operations in March 2021 bringing the total gold production for the first quarter of 2021 to 49,058 ounces compared with 50,346 ounces in the first quarter of 2020. The Company also produced 57,315 ounces of silver in the first quarter of 2021, up from 45,918 ounces of silver in the first quarter last year.
- The industrial sorting tests of mineralisation representative of the Chimo Mine project produced a concentrate representing by mass a bit more than 50 % of the original mass of the material with a percentage increase of 170 % of the gold content compared to the feed of the sorter;
- The sorting tests carried out by Corem and by Steinert US are comparable and these result in positive conclusions which bode well for increasing the value of the resources with the mineralization sorting technology. The objective of the industrial sorting of the mineralization is to increase the grade of the preconcentrated material preceding the milling operations, which allows to:
- Increase the recovery rate at the mill;
- Reduce transport costs to the mill;
- Reduce milling costs;
- Reduce the costs of environmental restoration of mine tailings;
- Reduce the environmental footprint of mine tailings and consequently increase the social acceptability of mining project.
VAL-D’OR, Quebec, April 08, 2021 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces the results industrial sorting tests of mineralisation representative for the Chimo Mine property, located 45 km east of Val-d’Or. The tests were carried out by two laboratories: Corem in Quebec (Canada) and Steinert US in Kentucky (USA).
GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – announces that it has entered into an agreement with Beacon Securities Limited (the “Lead Underwriter“), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 13,600,000 units (“Units“) at a price of $0.59 per Unit (the “Issue Price“) for aggregate gross proceeds to the Company of $8,024,000 (the “Offering“). Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will be exercisable to acquire one common share for a period of 24 months following closing of the Offering at an exercise price of $0.74 per share.