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GR Silver Mining Reports High-grade Underground Sampling Results at Plomosas, Including Assays up to 6,128 gpt Ag over 0.2 meters.

GR Silver Mining Ltd. (TSXV: GRSLFRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver” or the “Company”) – is pleased to announce assay results for initial underground channel sampling from the San Juan underground workings at the recently acquired Plomosas Silver Project (“Plomosas”), in Sinaloa, MexicoSan Juan is one of six priority areas with underground development not yet exploited by previous owners (view photo here). The underground workings at San Juan have recently been rehabilitated by GR Silver to allow for this initial sampling program. The company is currently validating all recent and historical information, including the review of over 500 drill holes in the six priority areas and sampling mineralized zones, aiming to complete multiple resource estimations in 2020.

The most significant sample results for this release returned high-grade intervals of 0.4 m at 3,003 g/t Ag and 0.2 m at 6,128 g/t Ag both within a composite sample of 2.1 m at 532 g/t Ag, defining in situ high grade silver veins/breccia along with high-grade gold, zinc and lead mineralization (Table 1). Other important intervals include 0.5 m at 1,142 g/t Ag within a channel composite of 9.3 m at 346 g/t Ag, hosted by a hydrothermal breccia, typical of low sulphidation epithermal mineralized systems. These results provide support for the potential definition of wide, mineable, underground zones at San Juan.

The following Table 1 and Figure 1 summarize significant (>300 g/t Ag) composited and un-composited assay results (uncut, undiluted) from continuous channel sampling on the initial 140 m of the San Juan Vein (upper level).

Table 1- Results Channel Sampling San Juan Vein

San Juan Underground Development – Upper Level – Channel Sampling > 300 g/t Ag

Channel
Sequence

Type

Width
(m)
***

Au g/t

Ag g/t

Pb %

Zn %

I

COMPOSITE

2.1

0.30

552

0.73

1.04

Incl.

0.4

1.20

3,003

2.91

3.08

Incl.

0.2

2.45

6,128

5.83

6.02

II

COMPOSITE

5.0

0.28

816

0.88

0.46

Incl.

0.4

0.18

1,804

1.47

0.25

Incl.

0.1

0.331

3051

4.470

0.340

Incl.

0.5

0.76

2343

1.420

0.522

III

COMPOSITE

2.0

0.51

1,145

0.92

0.37

Incl.

1.3

0.46

1,324

0.84

0.32

IV

COMPOSITE

2.8

0.42

482

0.45

0.37

Incl.

1.2

0.81

1,024

0.55

0.24

V

COMPOSITE

9.3

0.13

346

0.69

1.03

Incl.

4.8

0.17

416

0.86

0.53

Incl.

0.5

0.31

1,142

0.80

0.55

Incl.

0.2

0.25

609

0.89

0.44

VI

COMPOSITE

1.1

0.54

542

0.53

1.14

Incl.

0.2

0.38

1,541

0.61

2.20

VII

COMPOSITE A

1.2

0.19

535

1.05

1.05

Incl.

0.9

0.07

713

0.53

1.52

COMPOSITE B

1.1

0.54

1,810

0.49

0.28

Incl.

0.4

1.09

4,698

0.88

0.34

VIII

COMPOSITE (dil)

1.85

0.01

57.68

0.01

0.15

IX

COMPOSITE (dil)

1.7

0.40

205.82

0.12

0.35

X

COMPOSITE

1.3

0.54

341

0.09

0.19

XI

COMPOSITE

1.7

0.99

460

0.13

0.36

XII

COMPOSITE

2.0

0.85

511

0.08

0.38

XIII

COMPOSITE

3.0

0.11

485

0.16

0.32

Incl.

1.0

0.228

1410

0.28

0.40

Incl.

1.3

0.21

263

0.19

0.30

*** The underground channel sample width of the mineralization might not be indicative of the true width of mineralization. Ongoing sampling and review of recent+ historical drilling results may provide support for future definition of the true width. (dil):  internal dilution

Figure 1- Location – Underground Workings – Channel Sampling San Juan Vein

GR Silver Mining President and CEO, Marcio Fonseca, commented“It is very encouraging to receive the first high grade silver and gold results from our ongoing underground channel sampling at the San Juan area. This area is one of our six priority areas for resource estimation at the Plomosas Project in 2020. We continue to rehabilitate the underground workings at San Juan to facilitate further sampling along the strike of the mineralization and in the lower levels. This will allow the Company to integrate new channel sample data with the recent and historical drilling data (to be released) and thus gain further understanding of not only the high-grade silver results but also the relationship with attractive gold results. Our initial studies indicate the existence of multiple high-grade silver and gold vein/breccia systems at the Plomosas Project”.

The results presented in this news release are part of a systematic sampling program implemented at regular intervals along the strike of the silver-gold mineralization in the underground workings at San Juan area. The Company is currently upgrading the extensive underground areas to working conditions, to allow further sampling. The true thickness and extent of the mineralization hosted by veins and breccias will be fully determined once all recent and historical drill results in each area are reviewed and released.

One of the most remarkable discoveries in the sampling program at San Juan has been the presence of two mineralized systems. The first system is oriented NW-SE along major regional structures hosting polymetallic (Zn-Pb-Ag with minor Au) mineralization. The second system is hosts NE-SW oriented veins-stockwork with high grade Ag-Au. These two systems represent upside potential for delineation of new resource areas.

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.

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

GR Silver Mining 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 in 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.

About GR Silver Mining Ltd.

GR Silver Mining Ltd. (GRSL.V) 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.

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 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 remains under-explored. Plomosas and San Marcial collectively represent a geological setting resembling the multi-million-ounce San Dimas Mining District which has historically produced more than 620Moz silver and 11Moz gold over a period of more than 100 years.

SAN MARCIAL PROJECT

San Marcial is a near-surface, high-grade silver, lead, and zinc open pit amenable project. GR Silver Mining is currently expanding its NI 43-101 resource estimate at the San Marcial Project, which contains 36Moz AgEq (indicated) + 11Moz AgEq (Inferred), by defining new high-grade gold and silver targets along the project’s 6 km mineralized trend. GR Silver Mining is the first company to undertake exploration work at San Marcial in over 10 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.goldplayexploration.com/

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Renforth Commences Metallic Screen Study at Parbec

Renforth Resources Inc. (CSE – RFR) (OTC Pink – RFHRF) (WKN – A2H9TN) (“Renforth” or the “Company”) would like to inform shareholders that initial test metallic screening at Parbec has returned higher coarse gold values in each sample tested. Due to these results a broader metallic screen study has commenced on our wholly owned Parbec property.

 

These results are presented below and include, for example, a sample of the “magnetic diorite” lithology from drillhole PAR-18-78 which originally assayed 15.66 g/t Au, which, in metallic screen testing, gave a value of 29.2 g/t Au in the coarse (plus) screen test and 14 g/t Au in the fine (minus) screen sample, for a combined result of 15.85 g/t Au, illustrating the presence of coarse gold. The metallic screen study will be carried out utilizing the reject sample material from several of the 37 drill holes, totaling 8429m, drilled by Renforth, each of which encountered gold at various levels in several lithologies.

 

Sample LocationOriginal AuZoneCoarse AuFine AuCoarse Fraction MassFine Fraction MassAu g/t Total % of Total Au in Coarse Fraction
(g/t)(g/t)(g/t)(g)(g)
Island Trenches9.6North Zones22.10.7899.31864.52.9876.41
Island Trenches9.18North Zones32.84.3175.55894.16.5339.14
PAR-17-639.42Magnetic Diorite19.18.0965.125229.3122.75
PAR-17-63 DUP9.42Magnetic Diorite26.87.8459.52893.59.0318.54
PAR-17-638.17Magnetic Diorite325.1463.79905.96.9130.46
PAR-18-7010.89Partridge Zone16.0512.640.05627.712.87.52
PAR-18-718.34Partridge Zone18.852.5862.08907.53.6233.34
PAR-18-7413.1“Tuffs” in Partridge Zone14.316.95122.2831.416.611.04
PAR-18-7815.66Magnetic Diorite29.214120.95872.215.8522.44
PAR-18-7813.13Magnetic Diorite44.29.1176.48868.911.9529.92

 

Sample results for the initial metallic screen test work presented above were obtained from reject sample material taken from a secure storage location by project geologists. The term “reject sample material” refers to the remaining portion of sample material previously prepared for assay. As noted in the table above, each sample has been previously assayed and was press released. As part of the assay process the original sample material was crushed to a uniform size, from that the portion originally subject to fire assay was taken, the remaining material, termed the “reject”, is not assayed and returned to Renforth for secure off-site storage. For the metallic screen work results presented above, and for the study commenced, the entire reject material for each original sample is removed from storage by a P.Geo and sent, by secure courier, to the facilities of ALS Laboratories. At ALS the material underwent AU-SCR24 where, for each sample, 1kg of the sample material is dry screened by being passed through a 100μm (microns) screen. After screening, duplicate 50g fire assays are done on the fine (undersize) portion, which passed through the screen, while the coarse (oversize) portion, which did not pass through the screen and remains on top of the screen, is assayed to determine the contribution of the coarse gold.

 

Technical information in this press release was reviewed and approved by Francis R. Newton P.Geo (OGQ # 2129), a “Qualified Person” pursuant to NI 43-101.

 

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 five wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. In both instances’ additional gold bearing structures, other than the Cadillac Break, have been found on each property and require additional exploration. 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. 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

 

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Golden Predator To Sell 100% of the 3 Aces Project to Seabridge Gold For $4MM+ and Royalty and Contingent Payments

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) announced today that it has entered into an agreement with Seabridge Gold Corp. for the sale of a 100% interest in the 3 Aces gold project located in Canada’s Yukon, for 300,000 Seabridge common shares, contingent future cash payments totaling $2.25 million and a 0.5% net smelter return royalty on the entire 3 Aces gold project.  The arrangement includes an immediate cash payment to Golden Predator of $263,000 for reimbursement of previously incurred expenses.  Closing of the transaction is subject to completion of due diligence by Seabridge and the approval of the applicable stock exchanges.

“This non-dilutive transaction strengthens our balance sheet and allows the Company to focus entirely on our advanced   permitted Brewery Creek Mine. In the past year, we have seen an impressive growth in the gold resource at Brewery Creek as recently defined in a 2019 NI 43-101 report which incorporated drilling data through 2014. This impressive growth trend has continued with the successful 2019 drill program of 177 step-out and infill holes which expanded gold mineralization down dip and along strike, thereby connecting a number of resource areas originally thought to be separate and discrete into one much larger resource with further expansion potential.  A new resource estimate incorporating more than 212 holes not included in the 2019 resource is underway along with a feasibility study for reprocessing the existing heap leach material mined and partially processed by Viceroy, the original operator,” said Janet Lee-Sheriff, Golden Predator’s Chief Executive Officer.

Janet Lee-Sheriff added, “In addition to being able to focus entirely on returning our Brewery Creek Mine to an early production decision, we look forward to being a shareholder in Seabridge Gold, whose KSM asset contains NI 43-101 Measured and Indicated resources of 49.7 million ounces of gold plus 13.9 billion pounds of copper (at 0.52 grams per tonne gold and 0.21% copper) and an additional 56.3 million ounces of gold plus 32.0 billion pounds of copper (at 0.38 grams per tonne gold and 0.32% copper) in the Inferred category, making it one of the world’s largest undeveloped gold/copper resources.   In addition, Seabridge owns the Courageous Lake deposit with Measured and Indicated Resources of 8 million ounces of gold grading over 2 g/t plus an additional 3.9 million ounces of gold in the Inferred category, also above 2 g/t gold.  With this world class gold endowment in a rising gold market, we believe the shares have excellent upside potential.  Our involvement with 3 Aces will continue as a royalty holder and we look forward to assisting Seabridge in the transition to their team.”

In addition to the Seabridge shares and grant of royalty, the acquisition agreement provides for additional payments to Golden Predator of $1 million upon confirmation of a mineral resource of 2.5 million ounces of gold on the 3 Aces property, and a further $1.25 million upon confirmation of an aggregate mineral resource of 5 million ounces of gold.

The agreement excludes Golden Predator’s 50 tpd cyanide-free test processing plant, its SRU (Secondary Recovery Unit), stockpiles of unprocessed gold-bearing material and the proprietary research into cyanide-free gold extraction now being developed by Golden Predator in partnership with Group 11 Technologies Corp. Golden Predator also retains the Yukon Mint Corp. whose award-winning coinage uses gold recovered from test mining at 3 Aces.

About Seabridge Gold Corp.

Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company’s principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s current mineral reserves and resources by project and category please visit the Company’s website at http://www.seabridgegold.net/resources.php.

Brewery Creek Mine

Golden Predator conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the gold resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.  In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update.  The resource incorporates drill results through 2014.  There are 212 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website.  The updated report replaces the technical report dated November 19, 2014.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. The Brewery Creek Mine project has established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the sale of 3 Aces will complete as described herein, that the Brewery Creek will advance through  feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Golden Predator Provides Feasibility Study Update; Appoints News Chief Financial Officer

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports the Company remains committed to a restart of the Brewery Creek Mine and  reports that  leaching of column test work  commenced this week at McLelland Labs in order  to advance the Feasibility Study. This important test work provides critical optimization data for crush size, compaction and percolation for the reprocessing of the heap leach material.

The Company also reports it has appointed Scott Davis as the Company’s Chief Financial Officer effective immediately.

Mr. Scott Davis, CPA, CGA

Chief Financial Officer

Mr. Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly-listed companies.  Mr. Davis has served as the Chief Financial Officer of several companies listed on the TSX Venture Exchange and his past experience consists of senior management positions, including four years at Appleby as an Assistant Financial Controller.  Prior to that, he spent two years at Davidson & Company LLP Chartered Accountants as an Auditor and five years with Pacific Opportunity Capital Ltd. as an Accounting Manager.

The Company announces Scott Davis has replaced Greg Hayes as Chief Financial Officer. The Company thanks Mr Hayes for his years of service and wishes him great success in the future

 

COVID-19 Update

In response to the COVID-19 virus the Company has postponed field activities and implemented a work from home policy to ensure the health and safety of Yukon communities, our employees and contractors. The travel restrictions will result in a delay in the completion of the Feasibility Study. Additionally, the Company has initiated a number of cost reduction measures in order to reduce non-core expenditures.  The Company will provide additional updates on the impacts of the ongoing COVID-19 as further information becomes available.

Brewery Creek Project Overview

Heap Leach Reprocessing Study: Phase 1

Kappes Cassiday is currently conducting a feasibility level study to determine the parameters for the phase 1 plan to reprocess and recover gold from material on the heap leach pad.  The study will include detailed analysis of all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing plant, ADR plant, and assay lab. The study will estimate all projected capital and operating costs, production levels and will estimate projected economic returns.  The study is focusing on remediating and reprocessing the heap leach pad as a means of fast-tracking re-development of the site.  The study will include a project implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of this feasibility level study demonstrating positive technical and economic viability.

Recommencement of Mining in Former Pits: Phase 2 Study

A Phase 2 study will be commissioned upon completion of the Phase 1 study and will develop a transition plan of the mining operations from reprocessing the old heap to recommencing mining of the remaining gold mineralization at pits previously mined by Viceroy from 1996-2000.  Viceroy ceased mining the pits in 2000 as a result of falling gold prices, below $400/oz, and resultant unsustainable economics of the operation.

The current resources that will be contemplated for mining in the study are based on the combination of historic drilling and recent drilling which has expanded the historic resource as disclosed in the January 13, 2020 updated Technical Report.  Drilled defined mineralization at the pits continues along strike and down dip from the historic modeled resources and is well within the permitted and licensed area.  The Phase 2 study will include mine design and scheduling to develop additional operating profit at current gold prices and operating costs to provide a shortened payback period and de-risk financing.    Capital costs associated with mining the former pits are reduced as the former haul roads exist and require minimal rehabilitation.

Brewery Creek Mine: Resources

The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.  In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update.  The resource incorporates drill results through 2014.  There are 200 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website.  The updated report replaces the technical report dated November 19, 2014.

Brewery Creek Mine: Licenses, Permits and NI 43-101 Disclosure

The Company has a Socio-Economic Accord with Tr’ondëk Hwëch’in for the Brewery Creek Mine and is licensed to resume mining activities as permitted under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information: Janet Lee-Sheriff Chief Executive Officer (604) 260-8435 info@goldenpredator.com www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Renforth Resources: Head Down, Coming Through

Renforth Resources (C.RFR) put out a press release today announcing that it has completed drilling at its New Alger property on the south side of the Cadillac Break in Quebec.

Renforth’s CEO, Nicole Brewster, usually writes a note to accompany the press releases and today was no exception:

“Today’s press release, linked below, gives you information on that program.
It also tells you what we are up to in these Strange Days…our team is being conscientious, we are working remotely, despite not being in the same room we are excited about the plans we are making.
Lots of interesting stuff coming up, discussed in the release.
We will be advancing four of our properties in the next couple of months, cost effectively, building upon what we have done to continue to demonstrate the value and potential of our ground.”

The President of my bank sent me a note too. Nicole’s is much more informative and far more fun. Read the whole thing.

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White Gold Video Property Tour

It is actually difficult to get a sense of the scale of White Gold’s (V.WGO) holdings in the Yukon. However, this two minute video gives an overview:

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Golden Predator Drill Results Continue to Extend Oxide Mineralization to 3.1 km Along Strike at Brewery Creek Mine; Including 36 m of 1.7 g/t at Lucky Zone

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports continuing positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon.  Step-out drill holes at the Lucky Zone along Brewery Creek’s prolific Reserve Trend extended gold mineralization an additional 100 m of strike length to the southwest of the historic Lucky Pit. Nineteen of the 20 drill holes reported today encountered significant gold grades. The holes released today also confirm the down dip continuation of mineralization below the historic Lucky pit and the known resource area.

Highlights of the Lucky Zone 2019 drill program include:

  • 2019 drill results to date have confirmed continuous gold mineralization over a 3.1 km strike length along the Reserve Trend.  Modelling indicates that the previously separate Lucky, Fosters, Kokanee and Golden resource areas have coalesced into a single continuous mineralized zone.
  • Drill highlights include:
    • 36.6 m of 1.73 g/t Gold from a depth of 45.7 m in hole RC19-2673
    • 13.7 m of 1.12 g/t Gold from a depth of 62.5 m in hole RC19-2674

The final 15 Lucky Zone drill hole results from the 2019 program are currently being processed and will be released as they become available.

To view Brewery Creek maps: http://www.goldenpredator.com/_resources/news/NR20-08_Lucky_Drill_Results_2020_Maps.pdf

Golden Predator CEO Janet Lee-Sheriff noted, “We continue to see previous small pits coalescing into larger continuous mineralization across the Reserve Trend. These observations are making Brewery Creek a larger and much more attractive project than previously envisioned. Our ongoing work to complete the restart feasibility study in April 2020 is also beginning to consider a much larger project going forward. A new resource estimate is also scheduled for the second quarter of 2020 to incorporate the drill data from the successful 2019 program.”

2019 Significant Results from the Lucky Zone

The 20 drill holes reported in this release totaled 2,829 m drilled. Intercepts in drill holes RC19-2550, RC19-2587, RC19-2650 and RC19-2661 define the continuation of significant mineralization along strike to the west of the historic Lucky pit for an additional 100 meters.  Intercepts in RC19-2673 and RC19-2674 define the continuation of significant mineralization down dip below the historic Lucky pit and these intercepts remain open at depth. Intercepts in drill holes RC19-2587, RC19-2650 and RC19-2661 are not in the current resource model while intercepts in drill holes RC19-2550, RC19-2673 and RC19-2674 are within the current model and confirm block grades and continuity of the resource that remains open at depth. These intercepts now extend mineralization over a 3.1 km strike length through the Fosters, Kokanee, Golden and Lucky resources areas.  The current data indicates the four resource areas now represent a single continuously mineralized gold zone.

Nineteen of the 20 drill holes reported encountered significant gold grades with a high of 14.7 g/t Gold over 1.5 m in drill hole RC19-2673 at a depth of 48.7 meters. Highlighted composite drill intercepts include 2.4 g/t Gold over 10.7 m from a depth of 76.2 m in drill hole RC19-2550, 4.6 g/t Gold over 3.5 m from a depth of 103.6 m in drill hole RC19-2587, 2.6 g/t Au over 3.1 m from a depth of 41.2 m in drill hole RC19-2650, 0.9 g/t Au over 16.8 m from a depth of 62.5 m in drill hole RC19-2661, 1.7 g/t Gold over 36.9 m from a depth of 45.7 m in drill hole RC19-2673 and 1.1 g/t Gold over 13.7 m at a depth of 62.3 in drill hole RC19-2674.

Gold mineralization in the Lucky resource area is localized in two sub-parallel zones developed near the upper and lower contact of a monzonite intrusive complex.

To view the Lucky Zone drill results: http://www.goldenpredator.com/_resources/maps/brewery-creek/Lucky%20Drill%20Results.pdf

2019 Brewery Creek Exploration Program

The 2019 Brewery Creek drill program focused on extending mineralized structures along the Reserve Trend in areas with little historic drilling. Mineralized structural trends were also extended down dip from previously mined zones. A total of 15,623 m of drilling was completed in 137 drill holes into five separate zones including the Camp, Fosters, Kokanee, Golden and Lucky Zones. With this release, results from 122 drill holes have now been announced. Gold mineralization in the Reserve Trend is hosted in mid-Cretaceous age monzonite intrusions over a +9 km strike length in the project area. The intrusive rocks were emplaced into the regionally extensive mid Mesozoic Robert Service Thrust Fault.

Brewery Creek 43-101 Technical Report

The Company filed the updated NI 43-101 Technical Report for the Brewery Creek project prepared by Gustavson & Associates, with an effective date of October 1, 2019, on SEDAR on January 23, 2020.  The 2019 drill program results are not included in the report as they were not available at the time of the estimation, an updated NI 43-101 technical report is underway to include the additional drilling.

Sampling Methodology, Quality Control and Assurance

Analyses for drill samples were performed by SGS Canada, Inc., ALS Canada and Bureau Veritas, Canada with sample preparation in Whitehorse, YT and assaying in Burnaby, North Vancouver and Vancouver, BC respectively.  Drill samples were analyzed for gold using a 30 gram fire assay with atomic absorption finish (SGS-GO FAA30V10 method, ALS-Au AA-25 method and BV-FA430 method).  Quality controls standards include standard reference material, certified blank and field duplicate samples in every sample dispatch.

BREWERY CREEK PROJECT OVERVIEW

Heap Leach Reprocessing Study: Phase 1

Kappes Cassiday is currently conducting a feasibility level study to determine the parameters for the phase 1 plan to reprocess and recover gold from material on the heap leach pad.  The study will include detailed analysis of all the key parameters involved in reconstructing or adding necessary infrastructure including a crushing plant, ADR plant, and assay lab. The study will estimate all projected capital and operating costs, production levels and will estimate projected economic returns.  The study is focusing on remediating and reprocessing the heap leach pad as a means of fast-tracking re-development of the site.  The study will include a project implementation schedule, sourcing, and economic cash flow model sufficiently detailed to move directly into procurement, development and construction if economically warranted. Any production decisions would be dependent on the outcome of this feasibility level study demonstrating positive technical and economic viability.

Brewery Creek Mine: Production History

The Brewery Creek Mine is a licensed brownfields heap leach gold mine that was operated by Viceroy Minerals Corporation from 1996 to 2002. Brewery Creek was put into Temporary Closure in 2002 following a collapse of the gold price below $300 US per troy ounce. Golden Predator’s team commenced work on the project starting in 2009.  Brewery Creek is authorized to restart mining activities as defined in their Quartz Mining License and Water License. The Company intends to resume mining and processing of licensed deposits when supported by an independent economic study.  In 2020 the Company will begin work with Tr’ondëk Hwëch’in and Yukon Government to expand the licensed mining to include new discoveries and mining activities contemplated for an expansion of mining beyond the existing license.

The 180 km2 property is located 55 km east of Dawson City and is accessible year-round by paved and improved gravel roads. Significant infrastructure remains in place, allowing for a timely restart schedule under existing licenses.

Brewery Creek Mine: Resources

The Company conducted exploration drilling on the Brewery Creek project from 2010 to 2013 which increased the resource significantly. The project has an Indicated oxide resource of 21,140,00 tonnes at 1.125 g/t Gold containing 765,000 ounces, plus an Inferred oxide resource of 14,120,000 tonnes at 0.967 g/t Gold containing 440,000 ounces.  In addition, resources include 8,570,000 tonnes of Inferred sulfide resource at 0.985 g/t Gold containing 270,000 ounces. Materials on the heap leach pad were not included in the resource update.  The resource incorporates drill results through 2014.  There are 200 additional exploration drill holes to be included in an anticipated resource update.

The current NI 43-101 Technical Report is now available on SEDAR and the Company’s website.  The updated report replaces the technical report dated November 19, 2014.

Brewery Creek Mine: Licenses, Permits and NI 43-101 Disclosure

The Company has a Socio-Economic Accord with Tr’ondëk Hwëch’in for the Brewery Creek Mine and is licensed to resume mining activities as permitted under the current Water License and Quartz Mining Licenses. The project also has a Class IV Mining Land Use Permit to conduct additional exploration.

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG a Qualified Person as defined by National Instrument 43-101 and is employed by the Company as its Senior Project Geologist.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.  Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon.  The Company has a Socio-Economic Accord with the Tr’ondëk Hwëch’in First Nation.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility.  Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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Nugget Effect Explained

Renforth Resources (C.RFR) put out a press release today on the results of metallic screen assays on core from its New Alger project at the Cadillac Break in Quebec.

Along with the news release, Nicole Brewster, CEO of Renforth put out a wonderful Note to shareholders explaining the significance of these results and why the “nugget effect” matters,

“I had a conversation with a producer I will not name, we were discussing their own project, an operating mine. Our conversation was about the mechanics – planning an area to mine. Prior to blasting to mine the rock the company drills a series of holes into the block, this allows them to determine the grade of the material and plan accordingly, forecasting financials etc.  In the instance of this company they are consistently finding that once they blast and mine the material the recovered grade is appreciably higher.  Giving them more gold, beating forecasts etc.  THAT IS THE NUGGET EFFECT. A positive thing to have.”

Worth reading the whole thing here.

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Renforth Completes Initial Metallic Screen Assays at New Alger 68% of Samples Display Nugget Effect, Give Higher Gold Values in Plus Fraction

  • A total of 76 samples were selected and metallic screen assayed from the core rejects from Fall 2019 drill program
  • Results from metallic screen selection demonstrate the presence of coarse gold
  • 51 out of 76 samples submitted for metallic screen returned assay values from the “plus” portion of the metallic screen higher than the original fire assay values. This includes 70.1 g/t Au in the plus fraction where the original full sample fire assay was 11.2 g/t Au, the new full sample metallic screen assay is 10.5 g/t Au. The lower full sample values reflect the inclusion of screened, finer material of a lower grade as discussed below.

PICKERING, ON / ACCESSWIRE / March 9, 2020 / Renforth Resources Inc. (CSE:RFR) (OTC Pink:RFHRF) (WKN – A2H9TN) (“Renforth” or the “Company”) is pleased to confirm, via an initial metallic screen program, the presence of coarse, or “nugget effect” gold, which, in 51 of the 76 samples tested returned a higher “plus screen” assay value than the original full sample fire assay value, as seen below.

Initial Program Observations

The results obtained in this initial program are interesting, for example;

  • A sample taken from a Discovery vein drillhole, which assayed 0.22 g/t Au originally, gave 2.09 g/t Au in the plus fraction, or 2.48 g/t Au in the combined plus and minus screens of the metallic screen. This sample was logged as greywacke. This instance illustrates that coarse gold, not visible to the eye, can occur in the Discovery Veins outside of quartz veining.
  • Several samples taken, including the 70.1 g/t Au sample discussed above, demonstrate coarse gold in the plus fraction contrasted to low values in the whole Metallic Screen result (where plus and duplicate minus screens are combined), as well as the original fire assay. This clearly demonstrates a nugget effect caused as coarse, or native, gold can be smeared in the sample preparation and grinding process, leaving it too large to pass through the 100 micron screen which the sample material is put through prior to conventional fire assay. The screen allows the fine material to pass and catches the coarser material, which can include native gold. The Whole sample number given reflects 1 coarse “plus” sample, frequently higher grade due to coarse gold as seen above, combined with 3 “fine” samples, the results combined mathematically to yield the whole number. A conventional fire assay only assays one sample of “fine” material.

  • Renforth considers this limited, initial program to demonstrate that higher grade coarse gold is occurring at New Alger in lithologies where gold is anticipated, for example quartz veining, as well as where it is unexpected, such as greywacke. It is expected that in the future metallic screen assays will continue to be done in order to obtain a clearer picture of the nugget effect which conventional assay technology can not characterize accurately but which would affect any future bulk sampling or other activities.

Au Metallic Screen Results

DDHSampleFrom mTo mLength mDescAu PLUS g/t (entire fraction FA)Au g/t SCRN WHOLE SAMPLEAu g/t ORIGINAL (30g FA)
REN-19-2824275034.14.70.6qz + aspy0.460.460.55
REN-19-28242753346471chl grwk0.310.130.29
REN-19-28242755692.693.71.1bt grwk + qz-0.050.090.23
REN-19-28242756399.51011.5bt grwk + aspy0.450.270.54
REN-19-282427586177.31780.7grwk + qz1.260.340.43
REN-19-282427588179179.50.5grwk + qz0.380.160.16
REN-19-282427589179.5180.30.8grwk + qz19.852.420.61
REN-19-29242761126.327.20.9bt-chl-qz zone1.150.940.82
REN-19-292427612dup of prev   0.680.970.87
REN-19-29242762638391grwk + qz + py + aspy0.380.130.14
REN-19-2924276273939.70.7grwk + qz + py + aspy1.381.040.99
REN-19-29242762839.7411.3grwk0.290.220.17
REN-19-29242764053.554.30.8grwk + qz + py3.490.30.34
REN-19-2924276486161.70.7qz + aspy2.20.530.56
REN-19-2924276587070.40.4qz1.680.40.31
REN-19-30242766841421grwk + qz + aspy1.270.90.59
REN-19-3024276885859.51.5grwk0.320.091.28
REN-19-30242769867681grwk + minor blue qz1.460.40.23
REN-19-30242770371.572.51bt grwk + qz + py8.851.250.46
REN-19-3024277249191.60.6qz + py10.33.991.66
REN-19-302427725dup of prev   1.060.930.7
REN-19-302427734101.5102.51grwk + aspy1.070.610.45
REN-19-302427736102.5103.51grwk + qz + aspy0.840.250.19
REN-19-302427737103.5104.51grwk7.531.040.64
REN-19-302427743109.51111.5grwk16.21.920.51
REN-19-31242777445461dark grwk + qz0.080.080.11
REN-19-312427775dup of prev   0.470.10.05
REN-19-31242777646471blue quartz0.170.110.17
REN-19-3124277774747.450.45bt chl sch + aspy0.20.080.06
REN-19-31242777847.4548.10.65blue quartz0.320.070.02
REN-19-31242777948.1490.9dark grwk-0.05-0.050.03
REN-19-31242778049501grwk-0.05-0.050.02
REN-19-3124277815050.50.5grwk + aspy0.330.390.43
REN-19-31242778350.551.71.2grwk0.260.160.16
REN-19-31242778451.752.250.55qz + aspy0.260.20.3
REN-19-31242778652.2553.251dark grwk + py1.150.260.17
REN-19-31242778753.2554.251grwk + qz-0.050.060.02
REN-19-33242784820.321.31grwk + qz1.810.420.94
REN-19-33242784921.322.20.9grwk + qz9.011.840.96
REN-19-33242786738391grwk + aspy12.351.560.35
REN-19-33242787143.544.51grwk + aspy0.930.280.29
REN-19-33242787344.545.51grwk + aspy0.090.061.29
REN-19-3424278964.55.51sch grwk + qz + py2.720.740.43
REN-19-34242791634.635.61qz + aspy1.860.631.41
REN-19-34242791937381grwk0.410.090.36
REN-19-34242792347481grwk0.170.170.41
REN-19-34242792451.552.51bt grwk0.310.180.09
REN-19-342427925dup of prev   0.690.280.11
REN-19-34242792652.5541.5grwk-0.050.10.66
REN-19-3424279275455.51.5grwk2.092.480.22
REN-19-34242792855.556.51bt grwk + qz0.24-0.052
REN-19-34242793367.467.70.3grwk + carb-by frac0.420.490.8
REN-19-34242793475761grwk1.160.120.02
REN-19-3424279367676.70.7grwk + qz3.381.060.63
REN-19-34242794181.882.91.1hb int vol?1.020.280.08
REN-19-342427942dup of prev   0.620.170.48
REN-19-34242794382.983.50.6hb int vol + py1.141.111.7
REN-19-355037213.52151.5chloritised dia?-0.05-0.050.02
REN-19-3550382152161chl mv or seds42.071.63
REN-19-355039216216.50.5ser sch + qz + Au70.110.511.2
REN-19-355040216.52170.5ser sch + qz2.020.510.72
REN-19-355041217217.90.9ser sch0.950.530.57
REN-19-355042dup of prev   0.890.530.43
REN-19-355043217.92191.1tcs-0.05-0.050.01
REN-19-355044219220.51.5tcs-0.05-0.050
REN-19-365316350.9351.91V7 carb-0.05-0.050
REN-19-365317351.9352.550.65V7 ser + py + aspy1.451.811.88
REN-19-365318352.55352.90.35V7 ser + qz + py + aspy0.991.191.23
REN-19-365319352.9353.91V7 ser + py + aspy1.551.421.93
REN-19-365320353.9355.11.2V7 ser + py + aspy3.052.22.76
REN-19-365321355.1356.51.4V70.320.210.27
REN-19-375494321.15322.61.45v7?0.510.070.03
REN-19-375496322.6323.61v6+bt3.010.810.6
REN-19-375497323.6324.350.75v6+ser+py+aspy+po0.460.240.34
REN-19-375498324.35325.10.75v6+ser+py+po+aspy0.460.250.18
REN-19-375499325.1326.050.95M1ic0.240.090.12

The metallic screen samples disclosed in this press release were obtained by the processing of sample rejects from the Fall 2019 drill program. Results from that program have been released, please see the press release of January 21, 2020. The sample rejects, which are the unused, crushed sample material left over from the original assay procedure in 2019, were retrieved by the program geologists by hand from the original assay laboratory, Bourlamaque Labs, and immediately delivered to ALS Labs, both in Val d’Or, Quebec. ALS completed the Metallic Screen assaying. The process consists of the sample material being ground fine and then screened through a 100 micron mesh. The material passing through (finest material) and caught by (coarser material) the mesh were assayed separately (duplicate 50g pulps being used for the fine material). A whole-sample assay is then calculated using the results from the fine and coarse samples combined. In addition to the internal QA/QC procedures of the lab duplicate samples were run in the batch and are disclosed in the table above.

Technical information in this press release was reviewed and approved by Francis R. Newton P.Geo (OGQ # 2129), a “Qualified Person” pursuant to NI 43-101.

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 five wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. In both instances’ additional gold bearing structures, other than the Cadillac Break, have been found on each property and require additional exploration. 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. 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.

SOURCE: Renforth Resources Inc.


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Golden Predator Announces Commercial Launch of New Green Extraction Technology for Gold

Golden Predator Mining Corp. (TSX-V: GPY) (OTCQB: NTGSF) (the “Company“) announced today that the Company has signed an Letter of Intent (“LOI”) with EnviroLeach Technologies Inc. (CSE: ETI) OTCQB: EVLLF) and enCore Energy Corp. (TSX-V: EU) (OTCQB: ENCUF) to establish Group 11 Technologies Inc (“Group 11”), a US-based technology firm focused primarily on non-invasive extraction technology utilizing environmentally-friendly liquids to recover gold and other metals.

Group 11’s new proprietary process has been tested on high grade concentrates and is now ready for market and testing on further applications, providing the mining industry for the first time with a commercially viable, sustainable alternative to standard cyanide processes and conventional mining practices which often face community opposition and require slow-moving and expensive regulatory compliance.

About Group 11 Technologies Inc.
Sustainable metals extraction has become a serious challenge for the mining industry which faces growing concerns over its carbon footprint, energy consumption, operational safety and especially its impact on water use and water quality while responding to an ever-increasing need for metals in our daily lives. Each Group 11 owner makes an important contribution to this business opportunity. EnviroLeach Technologies Inc. (CSE: ETI) (OTCQB: EVLLF) has developed an economically viable proprietary water-based leach technology. Encore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) has pioneered proprietary expertise in in-situ metal recovery that opens a remarkably large opportunity for recovering metals from deposits without the environmental disturbance of both open pit and underground mining. Golden Predator Mining Corp. (TSXV:GPY) (OTCQB:NTGSF) has spearheaded and successfully tested the application of EnviroLeach technology to the recovery of gold from sulfide concentrates where cyanide is not feasible or permitted, using its proprietary mobile recovery unit. To learn more about Group 11, please visit www.gr11tech.com.

Janet Lee-Sheriff, Chief Executive Office said: “We are extremely proud of the fact that our processing plant’s batch processing unit (SRU) has successfully completed the world’s first on-site test of the EnviroLeach cyanide-free metals recovery process. We have demonstrated that their process and our mobile plant can economically recover gold from sulfide concentrates, which is a valuable business opportunity,” she noted.

“Group 11 will also offer in-situ mining technology using the EnviroLeach recovery process. Mining needs to become less invasive and more sustainable. Group 11 is our response, using a unique combination of proven, proprietary knowledge to lessen the industry’s footprint without any sacrifice of efficiency. With Group 11, we will spin out our technological developments into a private company with experts in non-invasive mining and environmentally-friendly solutions. This combination ensures that an outstanding opportunity is advanced while we continue to focus our resources on the restart of the Brewery Creek Mine. We intend to be disruptors in our industry,” said Lee-Sheriff.

Duane Nelson, President, and CEO of EnviroLeach commented: “I am very excited that we will continue to advance the application of our formulas for the in-situ recovery of gold and other metals. This application has the potential to change the way the world mines. It has the potential to unlock the value of deposits in environmentally sensitive areas and it could also provide a viable solution for thousands of smaller deposits worldwide that don’t justify the CAPEX of current conventional mining methods.”

Background on Non-Invasive Extraction Technology
Non-invasive extraction of minerals was developed by the team now at enCore, one of the Group 11 partners. They pioneered In-situ Recovery (“ISR”) which has been successfully utilized to recover metals including uranium and copper using liquid solutions other than cyanide. Group 11 is committed to the development and application of ISR extraction for gold and other metals using EnviroLeach’s patented environmentally-friendly liquids along with enCore’s expertise in ISR extraction. This combination of expertise will advance a business model that has potential to disrupt the conventional mining industry.

In-Situ Recovery (meaning ‘in place’) is a non-invasive extraction method that has transformed the uranium industry. In ISR, solvent-like fluids are circulated underground and returned to surface for further processing and recovery of the minerals. ISR means no open pits or underground tunnels, no tailings or large waste dumps and no discharge of noxious chemical at surface. It therefore has the potential to be a low-impact, low capital cost mining method. At the end of mine life, when many projects are burdened by remediation and rehabilitation requirements, ISR means substantially reduced mine-closure costs compared to conventional practices. In addition, energy requirements, water needs and the greenhouse gas footprint of mining projects can be significantly reduced using ISR technology.

Under the terms of the LOI, enCore and EnviroLeach will be the largest shareholders of Group 11 with an initial stake of 40% each. EnCore will provide $750,000 in funding and EnviroLeach will provide for the exclusive use of its non-invasive extraction technology. Golden Predator will own an initial 20% interest and contribute mobile processing equipment and expertise in utilizing EnviroLeach’s environmentally friendly solution for recovery of gold from sulphide concentrates, as demonstrated by the successful test work at GPY’s 3 Aces Project. Upon completion of a definitive agreement, Group 11 will fund all ongoing research and development expenditures for in-situ and secondary recovery applications. Completion of a definitive agreement is subject to a number of conditions including but not limited to final term negotiations, licensing agreements and regulatory approvals.

Group 11 is backed by: a first-class staff of scientists and engineers; an extraordinary data set including tens of thousands of individual assays; independent technical validations; strategic partners and over $20 million in research and development. EnviroLeach’s technology is emerging as a potential new standard for the provision of eco-friendly hydrometallurgical extraction of precious metals in both the mining and E-Waste sectors. Further information is available on the EnviroLeach web site: https://enviroleach.com

Under the terms of the LOI, enCore and EnviroLeach will be the largest shareholders of Group 11 with an initial stake of 40% each. EnCore will provide $750,000 in funding and EnviroLeach will provide for the use of its solution in this non-invasive extraction technology. Golden Predator will own an initial 20% interest and contribute mobile processing equipment and expertise in utilizing the environmentally friendly solution for recovery of gold, as demonstrated by the successful test work at their 3 Aces Project.

Upon completion of a definitive agreement, Group 11 will fund all research and development expenditures. Completion of a definitive agreement is subject to a number of conditions including but not limited to final term negotiations, licensing agreement and regulatory approval.

About EnviroLeach Technologies Inc.
EnviroLeach Technologies is engaged in the development and commercialization of environmentally-friendly formulas and technologies for the treatment of materials in the mining and recycling sectors. Using its proprietary non-cyanide, water-based, neutral pH treatment process, EnviroLeach extracts precious metals from ores, concentrates, and E-Waste using only FDA approved additives and ambient temperature water.

About the Golden Predator Process
Golden Predator’s test processing plant, the first of its kind in Yukon, Canada, commenced operations in 2016 providing increased metallurgical and geological understanding of one of the Company’s projects. The Plant is a relatively simple gravity circuit utilizing a closed-circuit water system with no added chemicals due to the free-milling nature of 3 Aces’ gold. The 50 tonnes per day closed circuit plant recovers gold from #1 concentrates with doré bars sent to a commercial refinery for final processing. Golden Predator is currently testing EnviroLeach’s patent pending environmentally-friendly cyanide-free solution in its SRU for the extraction of gold from its #2 concentrates. A total of 2,034 tonnes, of the planned 5-tonne test sample of sulfide concentrate were processed in the Company’s SRU during 2019 using the water-based gold recovery solution, yielding 4.113 kg of 0.8994 gold and 0.0802 silver. The cumulative testing resulted in a total calculated recovery of 93.17% of the gold contained in the concentrate. The #2 concentrate averaged 2,022 g/t gold (GPY NR20-06 February 27, 2020).

The technical content of this news release has been reviewed and approved by Jeff Cary, CPG, a Qualified Person as defined by National Instrument 43-101 and an employee of the Company.

Golden Predator Mining Corp.
Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and a feasibility level study currently underway by Kappes Cassiday considering the economics of a restart of heap leach operations at the Brewery Creek Mine, 2020 proves to be a pivotal year for the Company.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-5029
info@goldenpredator.com
www.goldenpredator.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements express or implied regarding completion of the transactions described herein, the upcoming season at 3 Aces project, and projected grades and gold and silver recoveries from the 2018 and proposed 2019 bulk sample programActual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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