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Etruscus Drilling Newly Identified Large Magnetic + Chargeability “Stardust” Anomaly at Rock & Roll

Etruscus Resources Corp. (CSE: ETR) (FSE: ERR) (the “Company” or “Etruscus”) is pleased to announce that it is drilling the newly identified “Stardust” Target, located on the Company’s Rock & Roll Property in the Eskay Camp of Northwest B.C’s prolific Golden Triangle.  Drilling plans have also been expanded, with pads at “The Wall” and “Angie” Targets being prepared.

Stardust is a large porphyry target with excellent IP and magnetic anomalies bordering Seabridge Gold’s property where they are currently drilling up to 8,000 meters at their Quartz Rise target (Click Here to View Map).  Both targets have strong magnetic anomalies and associated IP responses.  Seabridge Gold further describes the Quartz Rise as having geology “astonishingly similar to KSM” (NR July 16, 2020).

Stardust was defined from a consolidation of the historical data with recent geophysical and geochemical data that has identified combined non-coincident magnetic, IP, resistivity, electromagnetic and geochemical anomalies.

Stardust Highlights:

  • Second strongest IP response at Rock & Roll Property, adjacent to a resistivity anomaly and in close proximity to the largest and strongest magnetic anomaly in the area;
  • A historic HLEM survey shows a multifrequency anomaly coincident with a portion of the IP anomaly;
  • The biogeochemical survey completed in 2019 was supplemented recently to better define a 4 km by 1 km area with mercury, arsenic, bismuth, lead, copper, molybdenum and sulphur enrichment in barks near Stardust. Historic soil geochemistry shows elevated lead, zinc, copper, and gold anomalies along this same trend; and
  • Field visits identified quartz monzonite and quartz diorite with disseminated pyrite and magnetite, together with significant bleaching, silicification and potassic alteration in the sedimentary and volcanic rocks nearby.

Dr. Dave R. Webb, Vice President, Exploration summarizes Stardust as, “We have been exploring our property at “Brown Sugar”, “The Wall”, “Angie” and other targets for precious metals-rich VMS deposits similar to the Black Dog Zone, knowing that the district hosts some very rich deposits like those at Eskay Creek.  We have also observed skarn zones, gold-rich quartz veins, and porphyry targets on the property.  In particular, there is substantial potential for our Stardust porphyry target which has excellent IP and magnetic anomalies with positive pathfinder geochemical enrichments over a large area.”

Gordon Lam, CEO commented, “With the recent ground truthing and geophysical work we’ve completed, our team has identified a pad location and is testing this exciting new “Stardust” target.  This could bring a new mineralizing system to our portfolio, complementing our existing gold-silver rich Black Dog Deposit.”

About Etruscus

Etruscus Resources Corp. is a Vancouver-based exploration company focused on the development of its 100%-owned Rock & Roll and Sugar properties comprising 27,880 hectares near the past producing Snip mine in Northwest B.C.’s prolific Golden Triangle.

Etruscus is traded under the symbol “ETR” on the Canadian Securities Exchange and “ERR” on the Frankfurt Stock Exchange and has 26,608,056 common shares issued and outstanding.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. We seek safe harbour.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Not intended for distribution to United States Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of United States Securities laws.

SOURCE Etruscus Resources Corp.

For further information: Investor Relations Contact, Derek Wood, Email: dwood@conduitir.com, Telephone: 403-668-7855; Company Contact, Gordon Lam, CEO, Email: info@etruscusresources.com, Telephone: 604-336-9088, Website: www.etruscusresources.com

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Newlox To Re-Start Gold Production



Click Image To View Full Size

Figure 1. Site Preparation Completed & Construction Underway

Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX) (CNSX:LUX.CN) (Frankfurt: NGO) is pleased to announce that it is implementing its plan to re-start gold production at its environmental remediation and precious metals production facility in Costa Rica (Plant 1).

Gold production operations at Plant 1 were suspended earlier in 2020 following an alarming increase in COVID-19 infections in Costa Rica. Management has since then been working closely with local stakeholders to develop a plan to both re-start gold production and enhance the Company’s operational capabilities.

Given the necessary summer-long pause of operations, management elected to disassemble, move and re-assemble Plant 1 at its newly acquired nearby location adjacent to the Company’s recently announced Boston Project (Plant 2). The new larger site allows for a future increase in the project scale. It also accommodates both the Company’s enhanced laboratory and basecamp and is closer to the artisanal mines and sources of tailings feedstock.

The new location reduces transportation costs, enhances project logistics, facilitates production growth, and increases site security. Additionally, the new location is outside of the local municipal limits, reducing COVID-19 related concerns and enhancing the safety of personnel.

The re-assembled Plant 1 benefits from the robust infrastructure enjoyed at the previous location while adding significant advantages. It is accessible by municipally maintained roads, is connected to renewably sourced grid electricity, and is easily accessible for local emergency services.

Newlox has made significant progress in re-locating Plant 1. Site stability analysis, archeological studies, and environmental studies were completed, and building permits issued. Re-assembly of the plant is well underway. Management expects to re-start gold production in early-October.

Once re-started, Newlox will immediately begin ramping-up operations at the first processing plant. At full-scale operation, Plant 1 will be capable of processing 80 tonnes per day of material grading +9 grams per tonne gold with an anticipated gold recovery of approximately 90%.

A Message from Ryan Jackson, President & CEO:

“This year, we have all faced unforeseeable challenges, and we have been called on to adapt to the changing landscape as we continue to progress and meet new challenges.

We at Newlox determined that our strategy would be adaptability and decisive action.

Although there was no way to predict the trajectory of COVID-19 in Costa Rica, our management team decided to take advantage of the unscheduled shutdown to execute our long-standing plan to move the first proof of concept processing plant to a more favourable permanent location, to support the Company’s longer-term growth objective. The overall plan is approved by the regulators, allowing us to re-start gold production at Plant 1 very soon.

We are excited to re-start the ramp-up of gold production at the first processing plant and have set a goal to achieve full-scale productivity in the first quarter of 2021. Newlox Gold is also progressing at its recently announced Boston Project (Plant 2), where development work is already underway.

Management looks forward to adding strong production growth at Boston (Plant 2), which we expect to begin production as Project 1 achieves full-scale operation. Newlox Gold also has multiple expansion projects in due-diligence, and we expect to announce our third project early next year.”


Click Image To View Full Size

Figure 2. Management & Engineers Overseeing Construction

Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).

Technical Disclaimer

The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.

On Behalf of the Board, Newlox Gold Ventures Corp.

Contact Newlox

Ryan Jackson

Newlox Gold Ventures Corp., President

Website: www.newloxgold.com

Email: ryan@newloxgold.com

Phone: +1 778 738 0546

Register for Newlox’s Weekly New Investor Conference Call

Hosted by Ryan Jackson, President & CEO

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Take the Money and Drill

To be fair, Nicole Brewster is the only CEO who makes me laugh. Which is why I very much like the “can do”, “situation normal” attitude she brings to Renforth Resources. Her press release today announcing the first 1000 meters of drilling at Renforth’s Parbec property was, as it should be, a sober recitation of material facts.

Today’s note, accompanying the release, was a thing of beauty and great candor:

“Drilling! From here until……

Eternity? Well, maybe not for that long….but certainly until the end of this year, and the first quarter of next….

We are fully funded – such a different reality now. Transformative is the word. More money coming in with the 13.5 cent PP closing soon….and we have our flagship asset, Parbec, which warrants some serious spending.

So serious spending it will get.

Let me tell you what we will be doing, from now until….”

Go read the whole thing.

Nicole sits you down on her back deck, cracks open a couple of beers, and tells you exactly what’s going on and why she’s excited. These notes are the best thing in the junior resource business today.

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Renforth Completes First 1000m Drilling at Parbec

 Renforth Resources Inc. (CSE:RFR)(OTC US:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to inform shareholders that the 1000m drilled mark has been crossed for the Fall 2020 drill program at Parbec, expected to consist of ~7200m, with the three drill holes completed to date as follows;

PAR-20-100 (proposed DDH #8) – this hole was drilled due north, through the Cadillac Break, for 405m, encountering the expected Parbec lithologies, including the “magnetic diorite”, associated with the presence of gold. Samples have been selected, split, and have been delivered for assay, required to determine if gold is present.

PAR-20-101 (proposed DDH #9) – this hole was drilled due north, through the Cadillac Break, for 291m, again intersecting the expected lithologies associated with gold at Parbec, including felsites, diorite, sheared diorites and “tuff” zones. Samples have been selected, split and will shortly be delivered for assay required to determine if gold is present.

PAR-20-102 (proposed DDH #10) – this hole was drilled perpendicular to the Break, as is typical at Parbec, and drilled for 505m before terminating in the volcanics on the north side of the Cadillac Break earlier today. This hole also intersected the targeted lithologies, including the “magnetic diorite”. This hole is being logged and samples selected and split to be sent for assay.

The next hole in the program, DDH #13, was commenced during the night and is drilling due north.

Each of the drill holes in this program have been planned to, if successful, add ounces to the Parbec Open Pit Constrained Resource Estimate (May 2020) which demonstrates an Indicated 104,500 ounces of gold at a grade of 1.78 g/t and an Inferred 177,300 ounces of gold at a grade of 1.77 g/t Au, as presented below.

This program is fully funded, with cash and securities in Renforth’s accounts currently in excess of CAD $4,800,000, with an additional CAD $3,240,000 in proceeds from a fully subscribed issuance of 24 million shares of Renforth at a price of $0.135 cents per share (there are no warrants associated with this placement), to be received upon closing on or about the end of this month. The current program is expected to cost approximately 1.25 million, leaving Renforth well funded into the New Year. Renforth does not anticipate any further private placement financing in the foreseeable future, the funds on hand will be used to advance Parbec through a resource expansion phase, to be continued with additional drilling in the New Year followed by a resource re-calculation, and some prudent expenditure at Surimeau and Malartic West. Results for both Surimeau and Malartic West have now been received from the lab and will be press released upon the completion of interpretation, anticipated in the next two weeks.

In the ongoing program Renforth has commenced drilling due north with several drill holes, these are unlike all the previous drilling which was perpendicular to the Cadillac Break (generally drilled to the NE or the SW), whereas the current holes, as can be seen on the map, cross the Break at an angle. The reason for this is that Renforth’s geological team believes there are likely cross-cutting structures (across the Break), which would have been missed in previous drill programs targeting mineralization running “with” the Cadillac Break, in a NW/SE direction, across the property. Structures cross-cutting the Break would be running in a NE or SW direction, beside (and parallel to) the prior drilling, and therefore potentially not intersected by that drilling. With Renforth as well funded as it now is there is budget room available to drill holes due north and test this hypothesis within the ongoing robust drill program.

PARBEC MAY 2020 OPEN PIT CONSTRAINED RESOURCE ESTIMATE

Brian H. Newton P.Geo, a “qualified person” under NI 43-101, has reviewed and approved the technical disclosure in this press release.

For further information please contact:

Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:416-818-1393
E: nicole@renforthresources.com
#269 – 1099 Kingston Road, Pickering ON L1V 1B5

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with six wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the Parbec Property in the Malartic gold camp, with gold present at surface and to some depth, located on the Cadillac Break, contiguous to the East Amphi portion of the Canadian Malartic Mine property. Parbec carries an open-pit constrained 43-101 resource with additional gold bearing structures, outside of the Cadillac Break on the property, outside of the current resource. Renforth also holds Malartic West, contiguous to the western boundary of the Canadian Malartic Mine Property, located in the Pontiac Sediments, this property is gold bearing and was the recent site of a copper discovery. Renforth has acquired the Surimeau property, also contiguous to Canadian Malartic and the southern border of the Malartic West property. Surimeau hosts polymetallic mineralization and represents the consolidation of four historic properties into one property for the first time. In addition to this Renforth has optioned the wholly owned Denain-Pershing gold bearing property, located near Louvicourt, Quebec, to O3 Mining Inc.

In Ontario, Renforth holds the Nixon-Bartleman surface gold occurrence west of Timmins, Ontario, drilled, channeled and sampled over 500m – this historic property also requires additional exploration to define the extent of the mineralization.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

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GR Silver Mining Reports Drill Results at the Plomosas Silver Project Significant Near Surface Intervals, Including: 5.1 m @ 19.2 g/t Au and 18.0 m @ 554 g/t AgEq

GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to announce drill results from the Company’s recently announced surface core drilling program in the Plomosas Mine Area as well as results from the ongoing validation of historic drilling at its 100%-owned Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico.

The initial two drill holes completed and released are in the Plomosas Mine Area, targeting  expansion of the mineralization footprint along strike, and confirmation of attractive near surface mineralized zones. The results received confirm the presence of wide, shallow or near surface silver-gold-lead-zinc (polymetallic) veins and hydrothermal breccias. Our ongoing review and validation of historic data on the same sections indicates high grade silver and gold mineralization in low sulphidation epithermal veins outside of the polymetallic silver rich hydrothermal breccia zone. The drilling currently in progress has validated recent geological modelling, confirming near surface zones of wide Ag-Au-Zn-Pb mineralization. Recent access to historic workings near the area being drilled by the Company, together with historic and recently completed drill holes, is being integrated into a 3D model to support the expansion and potential delineation of near surface resources.

The drilling completed to date, together with recently announced results, has delineated a 700 m long mineralized system (Figure 1), consisting of multiple veins. It demonstrates the presence of, not only the polymetallic Pb-Zn-Ag rich hydrothermal breccia hosted on the N-S oriented low angle Plomosas Fault, but also a series of high angle, low sulphidation vein and stockwork systems, commonly on the hanging wall or cross cut by the former hydrothermal breccias.

The mineralized zones reported in this news release represent multiple mineralization styles,  including wide, polymetallic Pb-Zn-Ag rich hydrothermal breccias, high grade Au in low sulphidation veins/stockworks and narrow high grade Ag low sulphidation veins. The definition of wide zones, or high grade zones close to the surface, represents a new opportunity for future shallow drilling along strike, aiding potential resource definition.

GR Silver Mining President and CEO, Marcio Fonseca, commented, “First assay results have now been received from GR Silver Mining’s own drilling program at Plomosas. We continue to encounter evidence of a large hydrothermal system at the Plomosas Mine Area with the identification of wide mineralized intervals or high grade zones representing mulltiple mineralization styles and events. Our 3D integration of the recent and historic drilling data has proved valuable in defining the Pb-Zn-Ag mineralized zones, as well as the discovery of several attractive near surface Ag-Au-Pb-Zn zones. The recent recommissioned access to the Plomosas underground mine, together with surface access provide a unique opportunity to guide our surface and underground drilling program in the upcoming months, aiming at further discoveries and delineation of a resource in the area.”

GR Silver Mining is currently advancing its surface drilling program on the two areas marked on Figure 1. The Company recently completed the integration of a previous ground geophysical survey (IP) in the area and has advanced its program of underground mapping and sampling.

The initial 4,500 m surface core drilling program is expected to continue through 2020 and has a dual focus: shallow drilling (up to 150 m below surface) to expand the known mineralized zones along strike at the Plomosas Mine and San Juan-La Colorada Areas, and follow-up drilling on several new high-grade Au-Ag low sulphidation epithermal vein occurrences at Yecora and El Saltito (see news release dated July 15, 2020).

The planned  drill sites on the Plomosas Project are located in the Plomosas Mine Area and San Juan Trend areas where historic drilling was completed by previous owners, however GR Silver Mining have outlined un-drilled areas with additional multiple epithermal veins along strike and at shallow depth.

In addition to drill testing the areas with historic drill holes at the Plomosas Project, the Company will also commence initial reconnaissance and surface exploration on 11 priority targets identified as displaying potential for new discoveries.

Table 1 summarizes the most significant drill assay results for this set of drill holes released for the Plomosas Mine Area.

Table 1: Summary Surface Drill Hole Results – News Release September 16, 2020 (Plomosas Mine Area)

SURFACE DRILLING PROGRAM 2020

Hole No.

From
(m)

To
(m)

Drilled
width
(m)

Est.
true
width
(m)

Ag
g/t

Au
g/t

Pb
%

Zn
%

AgEq
g/t

PLS20-01

8.0

16.5

8.5

6.0

85

0.4

1.1

0.6

177

includes

11.5

15.0

3.5

2.5

172

0.9

2.7

1.4

387

PLS20-02

72.4

98.1

25.7

22.3

48

0.1

0.3

0.6

85

101.0

149.0

48.0

41.6

na

na

0.1

0.5

includes

139.0

146.9

7.9

6.8

na

na

0.4

1.4

HISTORIC DRILLING DATA

Hole No.

From
(m)

To
(m)

Drilled
width
(m)

Est.
true
width
(m)

Ag g/t

Au g/t

Pb %

Zn %

AgEq
g/t

PLS-3

74.2

88.3

14.1

12.2

46

na

0.1

0.2

55

98.8

103.9

5.1

4.4

16

19.2

0.1

0.1

1,986

PLS-6

77.5

80.7

3.2

3.2

74

0.2

0.2

0.3

87

237

136.8

145.8

9.0

4.5

na

na

0.4

1.0

241

51.0

51.7

0.8

0.6

163

0.3

0.6

0.7

232

251

58.0

59.1

1.1

06

136

na

0.9

1.1

251

119.3

123.7

4.4

2.5

na

1.8

0.1

na

261

206.5

226.5

20.0

15.3

na

1.2

na

na

268

163.0

168.9

5.9

4.5

73

0.3

0.2

0.4

127

315

21.0

39.0

18.0

16.9

321

0.9

2.7

1.9

554

318

36.0

50.0

14.0

9.0

30

1.7

1.3

2.0

318

PSD-1

77.8

101.5

23.7

20.5

81

na

na

na

PSD-2

75.0

88.7

13.7

11.9

44

na

0.1

0.3

93.6

100.8

7.2

6.2

na

na

0.3

1.0

121.7

132.6

10.9

9.4

na

0.3

0.2

1.1

PSD-3

95.1

108.0

12.9

11.2

na

na

0.4

0.5

PSD-5

84.3

91.3

7.0

7.0

32

na

na

na

PSD-7

63.3

65.6

2.4

2.2

83

na

na

na

75.5

96.6

21.0

19.3

27

na

na

na

109.7

125.0

15.3

14.0

na

na

0.2

0.4

PSD-11

89.3

103.3

14.0

13.8

37

na

na

na

SD-83

61.3

66.7

5.5

5.2

18

na

0.1

0.2

*

AgEq is based on long term gold, silver, zinc and lead prices of US$1600 per ounce gold, US$16.50 per ounce silver, US$0.85 per pound zinc and US$0.95 per pound lead. The metallurgical recoveries are assumed as 90% Ag, 95% Au, 78% Pb and 70% Zn. “na” = no relevant assays. All numbers are rounded. Results are uncut and undiluted. UG: Underground Drill Hole, SURF: Surface Drill Hole

The drill holes in this news release were generated by a core drilling campaign initiated by the Company in Q3/2020 (PLS20-01 and PLS20-02), and historical drill holes completed by Grupo Mexico. Neither of the drill sets were previously released.

The area being drilled has a series of outcrops representing quartz stockwork veining and locally hydrothermal breccias hosted in a Tertiary volcanic bimodal andesitic-rhyolitic sequence commonly intruded by rhyolitic dykes. Structurally, the area is marked by a series of high angle NW trending faults which are commonly intersecting the N-S low angle Plomosas Fault, a common host structure for Ag-Au-Pb-Zn polymetallic hydrothermal breccias (link to cross section 1 , link to cross section 2). Alteration is mainly represented by a propylitic assemblage containing chlorite-epidote-quartz-pyrite and abundant specular hematite. Locally on surface, argillic alteration halos and large oxidized zones are observed, a result of previous accumulation of pyrite and other sulphides. The polymetallic mineralization is mainly represented by fine galena and sphalerite, common hematite-quartz cemented hydrothermal breccias and filling veins. Late stage quartz Ag-Au epithermal veining is commonly observed overprinting Ag-Pb-Zn mineralization in the hydrothermal breccias.

Table 2 lists the drill hole intervals previously not sampled (“NS”) for this group of released holes. The Company continues to investigate previous unsampled intervals for evidence of mineralization in the core that warrants additional sampling and assaying.

Additionally, Table 3 provides collar coordinates for the drill holes presented in this news release.

Table 2: Plomosas Mine Area – Drill Hole Intervals Not Sampled (Intervals greater than 20m)

Hole No.

From-To (m)

Sampling

PLS-3

0.00 m to 74.2m

NS

PLS-6

0.00 m to 59.1 m

NS

237

0.00 m to 18.95 m

NS

241

0.00 m to 18.05 m

NS

251

0.00 m to 24.35 m

NS

261

0.00 m to 152.15 m

NS

268

0.00 m to 99.45 m

NS

PSD-11

0.00 m to 89.3 m

NS

SD-83

0.00 m to 61.3 m

NS

All numbers are rounded. NS – Core not assayed

Table 3: Drill Hole Locations – News Release September 16, 2020 (Plomosas Mine Area)

Hole No.

East (m)

North (m)

RL (m)

Azimuth

Dip

Depth (m)

PLS20-01

451,586

2,552,252

940

270

-60

150.85

PLS20-02

451,486

2,551,539

986

0

-90

165.0

PLS-3

451,490

2,551,532

977

0

-90

105.85

PLS-6

451,490

2,551,532

977

90

-70

169.6

237

451,483

2,552,240

958

330

-65

201.2

241

451,502

2,552,207

959

308

-70

85.3

251

451,484

2,552,184

975

308

-60

160.25

261

451,404

2,552,189

1,010

308

-67

291.9

268

451,418

2,552,210

1,005

308

-70

255.05

315

451,282

2,552,218

795

45

-90

84.3

318

451,282

2,552,218

795

326

-53

71.65

PSD-1

451,474

2,551,541

980

270

-81

145.5

PSD-2

451,474

2,551,541

980

90

-86

260.15

PSD-3

451,477

2,551,538

980

90

-71

251.7

PSD-5

451,477

2,551,538

980

53

-50

214.0

PSD-7

451,477

2,551,538

979

53

-80

131.8

PSD-11

451,431

2,551,511

977

55

-70

379.85

SD-83

451,488

2,551,509

985

55

-80

316.2

All numbers are rounded.

The Company believes that the Plomosas Mine Area is part of a much larger low sulphidation epithermal system as indicated by field evidence along 1.0 km of strike length, where only 400 m of that strike had previously been drilled. This represents an opportunity for the Company’s current surface drilling program to continue discovering new mineralized zones close to the surface.

Qualified Person

The scientific and technical data contained in this News Release related to the Plomosas Project was reviewed and/or prepared under the supervision of Marcio Fonseca, P.Geo. He has approved the disclosure herein.

Quality Assurance Program and Quality Control Procedures (“QA/QC”)

The Company has implemented QA/QC procedures which include insertion of blank and standard samples in all sample lots sent to SGS de México, S.A. de C.V laboratory facilities in Durango, Mexico, for sample preparation and assaying. For every sample with results above Ag >100 ppm (over limits), these samples are submitted directly by SGS de Mexico to SGS Canada Inc at Burnaby, BC. The analytical methods are 4-acid Digest and Inductively Coupled Plasma Optical Emission Spectrometry with Lead Fusion Fire Assay  with gravimetric finish for silver above over limits. For gold assays the analytical methods are Lead Fusion and Atomic Absorption Spectrometry Lead Fusion Fire Assay and gravimetric finish for gold above over limits.

The recent drill holes completed by First Majestic from 2016 to 2018, followed QA/QC protocols reviewed and validated by GR Silver Mining, including insertion of blank and standard samples in all sample lots sent to First Majestic’s Laboratorio Central facilities in La Parilla, Durango, for sample preparation and assaying. Additional validation and check assays were performed by an independent laboratory at SGS de México, S.A. de C.V. facilities in Durango, Mexico. The analytical methods applied for these recent holes for Ag and Au assays comprised of Fire Assay with Atomic Absorption finish for samples above Au >10ppm and Ag >300ppm and Gravimetric Finish. Pb and Zn were analyzed using Inductively Coupled Plasma Optical Emission Spectrometry. GR Silver Mining has not received information related to the Grupo Mexico QA/QC and assay protocols and at this stage is considering the information historic for news release purposes.

About GR Silver Mining Ltd.

GR Silver Mining Ltd. is a Mexico-focused company engaged in cost-effective silver-gold resource expansion on its key assets which lie on the eastern edge of the Rosario Mining District, Sinaloa, Mexico.

PLOMOSAS SILVER PROJECT

GR Silver Mining owns 100% of the Plomosas Silver Project located near the historic mining village of La Rastra, within the Rosario Mining District. The Project is a past-producing asset where only one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001. The Project has an 8,515-hectare property position and is strategically located within 5 km of the San Marcial Silver Project in the southeast of Sinaloa State, Mexico. The Plomosas Project comprises six areas with an average of 100 surface and underground drill holes in each area, geophysical and geochemical data covering most of the concession, 16 new exploration targets from which 11 have high priority for future exploration programs.

The 100%-owned assets include all facilities and infrastructure including: access roads, surface rights agreement, water use permit, 8,000 m of underground workings, water access, 60 km – 33 KV power line, offices, shops, 120-person camp, infirmary, warehouses and assay lab representing approximately US$30m of previous capital investments. The previous owners invested approximately US$18 million in exploration.

The silver and gold mineralization on this Project display the alteration, textures, mineralogy and deposit geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Previous exploration was focused on Pb-Zn-Ag-Au polymetallic shallow mineralization, hosted in NW-SE structures in the vicinity of the Plomosas mine. The E-W portion of the mineralization and extensions for the main N-S Plomosas fault remains under-explored. The Plomosas Silver Project has more than 500 recent and historical drill holes in six areas – Plomosas Mine, San JuanLa ColoradaYecoraSan Francisco and El Saltito. These drill holes represent an extensive database allowing the Company to advance towards resource estimation and potential project development in the near future. In August 2020, GR Silver Mining commenced its drilling program in the area to investigate extensions to known mineralization and to guide new discoveries, part of a planned resource estimation in 2021.

SAN MARCIAL PROJECT

San Marcial is a near-surface, high-grade silver-lead-zinc open pit-amenable project. GR Silver Mining is currently drilling at the San Marcial Project, which contains 36 Moz AgEq (Indicated) and 11 Moz AgEq (Inferred), exploring recently defined new high-grade gold and silver targets along the project’s 6 km mineralized trend. GR Silver Mining is the first company to conduct exploration at San Marcial in over 10 years. The NI 43-101 resource estimate (San Marcial Project – Resource Estimation and Technical Report) was completed by WSP Canada Inc. on March 18, 2019 and amended on June 10, 2020.

Plomosas and San Marcial collectively represent a geological setting resembling the multimillion-ounce San Dimas Mining District which has historically produced more than 600 Moz silver and 11 Moz gold over a period of more than 100 years.

OTHER PROJECTS

GR Silver Mining’s other projects are situated in areas attractive for future discoveries and development in the same vicinity of Plomosas and San Marcial in the Rosario Mining District.

Mr. Marcio Fonseca
P. Geo, President & CEO
GR Silver Mining Ltd.

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

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE GR Silver Mining Ltd.

For further information: +1 (604) 202 3155, Email: info@grsilvermining.com

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Tocvan Announces The Initiation of Drill Permitting; And theInitiation of CSAMT Survey, at the Pilar Gold-Silver Project in Sonora, Mexico

Tocvan Ventures Corp. (CSE: “TOC“) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to announce the initiation of drill permitting, and the initiation of controlled source audio-magnetotellurics (CSAMT).

Epithermal gold deposits are highly variable in form, ranging from thin quartz veins to large structures or a concentrated collection of veins, feeder structures and other structures, consequently, they exhibit a wide range of geophysical signatures.

The recent IP and Magnetics survey revealed significant structures reaching depths of up to 350m (see Press Release dated August 25, 2020). Structural and geophysical analyses are wrapping-up by the pertinent experts, but those initial findings have given us the excitement and encouragement to execute a CSAMT survey. This survey is currently underway and is expected to wrap-up by September 21.

Controlled source audio-magnetotellurics (CSAMT) is one of the best methods to find the plumbing and feeder structures to epithermal vein systems by mapping resistive and conductive features at depths ranging from surface to over 700m depth. Resistivity imaging often indicates gold-bearing silicification related to vein systems, these resistive features are prime structural locations for epithermal vein development and are commonly detectable by magnetotelluric methods.

Drill targets are being defined and refined for an estimated 3,000m initial program focussed on expanding and confirming the known area of mineralization in the Main and North Hill zones. Drill permitting has begun as well as the sourcing of drill operators for the Pilar project. Despite the impact of the current world health crisis and subsequent Mexican government ordered work shutdown this past April and into May, planned completion of drilling is anticipated in early Q1 2021.

Derek Wood, CEO, commented “I am extremely pleased with the progress Tocvan Ventures has made in just over 18 months from completing it’s initial public offering. Tocvan negotiated and agreement with Colibri Resources Corp CBI-V less then one year ago. Since then the company has managed to de risk the project to a drill ready stage, while discovering new targets at surface and below areas of known mineralization. Recently Tocvan had over 90% of IPO warrants exercised and now has ample funds to begin drilling as soon as possible while maintaining an attractive capital structure with approximately 23 million shares issued and outstanding.”

Special Note:

The current world health situation requires adjustments to work programs, health and safety is considered first.

Current health advice is for families and groups to self-isolate and to use caution with suggested recommendations from health leaders when social-distancing becomes a challenge. Countries are beginning to allow businesses to operate again. Isolation is an inherent part of mineral development programs.

About the Pilar Property

The Pilar Gold-Silver property has been identified as a structurally controlled low-sulphidation epithermal project hosted in Andesite and Rhyolite rocks. Hydrothermal fluids carrying gold, silver and other minerals are transported through the pre-existing structures and deposit out of the fluids and become emplaced within the structures and surrounding host rock. Three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4 Trench. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 17,700m of drilling have been completed to date. Significant results are highlighted below from previous operators:

  • – 17,700m of Core & RC drilling. Highlights include (all lengths are drilled thicknesses):
    • – 0.73g/t Au over 40m

      – 0.75g/t Au over 61m

      – 17.3g/t Au over 1.5m

      – 5.27g/t Au over 3m

      – 53.47g/t Au & 53.4g/t Ag over 16m

      – 9.64g/t Au over 13m

      – 10.6g/t Au & 37.8g/t Ag over 9m

    – 2,650m of surface and trench channel sampling. Highlights include:

    • – 55g/t Au over 3m

      – 28.6g/t Au over 6m

      – 3.39 g/t Au over 50m

    – Soil sampling results from undrilled areas indicating mineralization extends towards the southeast from the Main Zone, North Hill Zone, and 4-Trench Zone

Additional areas of mineralization have been identified resulting from surface rock-grab-sample assay results that extend known mineralized trends and show a second NW-SE trend of mineralization to the east parallel to the trending zone described above; gold-silver mineralization is indicated across the property from the north to the south, see press release dated January 7, 2020. Significant results from that particular survey are highlighted below:

Sample #Au g/tAg g/tCu %Pb %
PILAR-MTS-020.914.30.2610.003
PILAR-MTS-031.35.40.3380.002
PILAR-MTS-050.812.70.1290.002
PILAR-MTS-063.28.30.3500.001
PILAR-MTS-090.22.21.2550.005
PILAR-MTS-100.917.20.7340.010
PILAR-MTS-113.857.40.8460.005
PILAR-MTS-120.05.61.9100.001
PILAR-MTS-130.012.90.9460.001
PILAR-MTS-140.13.31.4000.001
PILAR-MTS-190.81.70.0130.008
PILAR-MTS-205.684.20.0881.710
PILAR-MTS-210.720.30.0270.185
PILAR-MTS-229.376.40.1202.150
PILAR-MTS-250.5323.00.0160.242
PILAR-MTS-261.42.40.0020.013
PILAR-MTS-272.214.70.0120.259
PILAR-MTS-294.3172.00.0861.125
PILAR-MTS-3023.7116.00.0890.040
PILAR-MTS-334.444.50.1090.036
PILAR-MTS-347.541.90.0440.022
PILAR-MTS-352.23.50.1790.008

The technical information in this news release pertaining to geological data and its interpretation has been prepared by Mark T. Smethurst, P.Geo., COO, Director of the Company, and a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan Ventures Currently has approximately 23 million shares outstanding and is earning into two exiting opportunities. The Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia, Management feels both projects represent tremendous opportunity.

Cautionary Statement Regarding Forward Looking Statements

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Derek A. Wood, President and CEO

Suite 1150 Iveagh House,

707 – 7th Avenue SW

Calgary, Alberta T2P 3H6

Telephone: (403) 200-3569

Email: dwood@tocvan.ca

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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Tocvan Announces the Grant of 500,000 Stock Options

Tocvan Ventures Corp. (CSE: “TOC”) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to announce the grant of 500,000 stock options to directors, officers, consultants, and employees pursuant to the terms and conditions of the Corporation’s stock option plan. The stock options are exercisable at $0.35 per share and shall expire 5 years from the date of grant.

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan Ventures Currently has approximately 17.7 million shares outstanding and is earning into two exiting opportunities. The Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia, Management feels both projects represent tremendous opportunity.

Cautionary Statement Regarding Forward Looking Statements

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Derek A. Wood, President and CEO

Suite 1150 Iveagh House,

707 – 7th Avenue SW

Calgary, Alberta T2P 3H6

Telephone: (403) 200-3569

Email: dwood@tocvan.ca

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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GR Silver Mining Reports AGM Results and Election of New Directors

GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) –  reports the results of its annual general meeting of shareholders held on September 11, 2020 in Vancouver, British Columbia.  All the motions presented to the shareholders were approved.  Each of the six nominees proposed as Directors and listed in the Company’s Management Information Circular dated August 7, 2020 were elected as Directors.

GR Silver Mining welcomes Jonathan Rubenstein and Laura Diaz to its Board of Directors.

Mr. Rubenstein practiced law for 18 years and held a number of mining director positions during that time. In 1994, he became a full time mining executive and mining director. He has served on numerous mining company boards during the last 40 years and was actively engaged in the strategic, commercial, governance and government relations aspects of permitting, property acquisition, exploration, development and operations for these companies. He has negotiated and completed property acquisitions, joint ventures, development agreements, financings and takeover bid transactions, for both major and junior companies and has dealt with foreign and Canadian domestic regulators, banks, and financial institutions, as well as the mining investment community. He has had active roles in dealings with local populations, in compensation matters, in the management of litigation and arbitrations, and in regulatory compliance. He was directly involved in negotiating or supervising acquisitions, mergers and takeover transactions totalling in excess of $5 Billion.

Ms. Diaz, a lawyer, in Mexico City, Mexico, and serves as a Mining Project Advisor in the areas of production, exploration and development. She is a well renowned lawyer, expert in corporate commercial and mining law in Mexico. Ms. Diaz has served in the mining and exploration industry for over 25 years as Legal Counsel to several Canadian/US public companies. She served as an Independent Director of Marlin Gold Mining Ltd. (formerly Oro Mining Ltd) and of Magna Gold Corp. Ms. Diaz was also an Independent Director of the Company from March 2013 – November 2018. Thereafter, Ms. Diaz held the position of General Director of Mines, within the Ministry of the Economy (Mexico) (December 2018 to June 2019).

The Company would also like to extend its sincere thanks and best wishes to Heye Daun and Alan Friedman who did not stand for re-election due to other commitments. Mr. Daun and Friedman were Directors since May 2018.

The Company also announces that, pursuant to the Company’s 10% rolling stock option plan and in compliance with the policies of the TSX Venture Exchange, it has granted incentive stock options to certain directors, officers, consultants and employees of the Company to purchase up to an aggregate of 1,145,000 common shares of the Company. These options are exercisable for a period of 5 years at a price of $0.78 per share.

About GR Silver Mining Ltd.

GR Silver Mining Ltd. is a Mexico-focused company engaged in cost-effective silver-gold resource expansion on its key assets which lie on the eastern edge of the Rosario Mining District, Sinaloa, Mexico.

PLOMOSAS SILVER PROJECT

GR Silver Mining owns 100% of the Plomosas Silver Project located near the historic mining village of La Rastra, within the Rosario Mining District. The Project is a past-producing asset where only one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001. The Project has an 8,515-hectare property position and is strategically located within 5 km of the San Marcial Silver Project in the southeast of Sinaloa State, Mexico. The Plomosas Project comprises six areas with an average of 100 surface and underground drill holes in each area, geophysical and geochemical data covering most of the concession, and 16 new exploration targets from which 11 have high priority for future exploration programs. This extensive database allows the Company to advance towards resource estimation and potential project development in the near future.

The 100%-owned assets include all facilities and infrastructure including: access roads, surface rights agreement, water use permit, 8,000 m of underground workings, water access, 60 km – 33 KV power line, offices, shops, 120-person camp, infirmary, warehouses and assay lab representing approximately US$30m of previous capital investments. The previous owners invested approximately US$18 million in exploration.

The silver and gold mineralization on this Project display the alteration, textures, mineralogy and deposit geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Previous exploration was focused on Pb-Zn-Ag-Au polymetallic shallow mineralization, hosted in NW-SE structures in the vicinity of the Plomosas mine. The E-W portion of the mineralization and extensions for the main N-S Plomosas fault remains under-explored.

SAN MARCIAL PROJECT

San Marcial is a near-surface, high-grade silver-lead-zinc open pit-amenable project. GR Silver Mining is currently drilling at the San Marcial Project, which contains 36 Moz AgEq (Indicated) and 11 Moz AgEq (Inferred), exploring recently defined new high-grade gold and silver targets along the project’s 6 km mineralized trend. GR Silver Mining is the first company to conduct exploration at San Marcial in over 10 years. The NI 43-101 resource estimate (San Marcial Project – Resource Estimation and Technical Report) was completed by WSP Canada Inc. on March 18, 2019 and amended on June 10, 2020.

Plomosas and San Marcial collectively represent a geological setting resembling the multimillion-ounce San Dimas Mining District which has historically produced more than 600 Moz silver and 11 Moz gold over a period of more than 100 years.

OTHER PROJECTS

GR Silver Mining’s other projects are situated in areas attractive for future discoveries and development in the same vicinity of Plomosas and San Marcial in the Rosario Mining District.

Mr. Marcio Fonseca
P. Geo, President & CEO
GR Silver Mining Ltd.

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

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE GR Silver Mining Ltd.

For further information: +1 (604) 202 3155, Email: info@grsilvermining.com

Related Links

http://www.grsilvermining.com/

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Newlox Gold Operations Base & Field Laboratory

Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX) (CNSX:LUX.CN) (Frankfurt: NGO) is pleased to announce the opening of its new multi-purpose base camp, strategically located in the Juntas Mining District near its current gold processing operations and its new Boston Mine Project.

The new centrally-located base camp will support day-to-day operations as well as the construction of the recently announced Boston project.

The new basecamp includes an operations office, fully-fitted assay lab, personnel service facility, including accommodations for employees, a full kitchen and cafeteria, as well as a workshop with parts and tools storage. The new secure camp with covered and open-air storage allows for all-weather fabrication and repairs of mill components. The Newlox staff will be able to benefit from convenient support facilities, reduced travel times, and lessened exposure to Covid-19 risks.

The Company has also relocated its analytical laboratory to the new basecamp. This cutting-edge field laboratory is fully equipped for fire assay and atomic absorption spectroscopy (AAS) assay procedures. These techniques are the gold-standard for measuring precious metals in both rock and tailings. The Company can test both solid and liquid samples, and the in-house lab capability can ensure secure chain-of-custody for incoming samples and real-time results.

Fire assaying is an analytical technique which separates metals from impurities by fusion processes, which take place at of over 1,000 degrees Celsius, to determine the grade of the original sample. This process is widely regarded as the most reliable method to determine the metal content of ores that contain precious metals.

Fire assay capability at this in-house analytical laboratory allows for immediate analysis of both regionally sourced tailings feedstock and newly mined material from the Boston operations.

The lab also utilizes the faster atomic absorption spectroscopy (AAS) technology to test liquid samples and samples with additional elements of interest. AAS is a spectroanalytical procedure that measures the concentration of elements in a solution using the wavelengths of light specifically absorbed by each element when vaporized in a high-temperature environment. This sensitive technique can measure the concentration of elements down to parts per billion.

The combination of fire assay and AAS capability ensures Newlox operations access to the highest level of data for feedstock quality control, process control, and R&D purposes.

Newlox’s new base camp and expanded assay laboratory will support the planned growth of productivity at the historic Juntas Gold Camp.


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Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).

Technical Disclaimer

The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.

On Behalf of the Board, Newlox Gold Ventures Corp.

Contact Newlox

Ryan Jackson

Newlox Gold Ventures Corp., President

Website: www.newloxgold.com

Email: ryan@newloxgold.com

Phone: +1 778 738 0546

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Renforth Commences 7,000m Drill Program on Parbec Gold Property

Renforth Resources Inc. (CSE:RFR)(OTC:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to inform shareholders that the Fall 2020 drill program on Renforth’s wholly owned Parbec Gold Property, with its NI 43-101 open pit constrained gold resource estimate of an indicated 104,500 oz Au at a grade of 1.78 g/t and an inferred 177,300 oz Au at a grade of 1.77 g/t (press release May 6, 2020), has commenced. This program consists of 26 planned holes totaling 7261m, commencing this week with the mobilization of the drill and technical staff to Parbec.

The drill holes have been planned to, if successful, add ounces to the resource estimate at Parbec, through the under cutting, and drilling over of, existing results, as well as infill drilling and downdip extension drilling. Results in the field could result in additional holes being planned. Renforth is deliberately only using one drill rig for this program and has pre-planned the holes in order to maximize the value of each dollar spent, allowing the geological team the ability to focus and incorporate field and assay results as they are generated, which is difficult to do with several rigs generating core at once.

Renforth, funded for this program at this time, with ~1 million in the bank, has commenced the flow through private placement transaction which was previously press released as part of the sale of New Alger. This fully subscribed transaction will have Renforth issue 24 million shares from Treasury on a flow through basis at a price of $0.135 per share, for a total of $3,240,000 in funds raised. Radisson Mining will be the holder of this block and will be subject to the escrow agreement previously disclosed. Completion of this transaction is expected by the end of this month and will position Renforth as fully funded for the forseeable future, with a focus on drilling at Parbec in order to update the resource estimate in early 2021.

Brian H. Newton P.Geo, a “qualified person” under NI 43-101, has reviewed and approved the technical disclosure in this press release.

For further information please contact:

Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:416-818-1393
E: nicole@renforthresources.com
#269 – 1099 Kingston Road, Pickering ON L1V 1B5

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with six wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the Parbec Property in the Malartic gold camp, with gold present at surface and to some depth, located on the Cadillac Break, contiguous to the East Amphi portion of the Canadian Malartic Mine property. Parbec carries an open-pit constrained 43-101 resource with additional gold bearing structures, outside of the Cadillac Break on the property, outside of the current resource. Renforth also holds Malartic West, contiguous to the western boundary of the Canadian Malartic Mine Property, located in the Pontiac Sediments, this property is gold bearing and was the recent site of a copper discovery. Renforth has acquired the Surimeau property, also contiguous to Canadian Malartic and the southern border of the Malartic West property. Surimeau hosts polymetallic mineralization and represents the consolidation of four historic properties into one property for the first time. In addition to this Renforth has optioned the wholly owned Denain-Pershing gold bearing property, located near Louvicourt, Quebec, to O3 Mining Inc.

In Ontario, Renforth holds the Nixon-Bartleman surface gold occurrence west of Timmins, Ontario, drilled, channeled and sampled over 500m – this historic property also requires additional exploration to define the extent of the mineralization.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

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