Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports additional 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 Golden Zone along Brewery Creek’s prolific Reserve Trend have extended mineralization an additional 400 m along strike to the east of the historical lower Golden pit. These step-out holes tested a previously undrilled 500 m long segment of the projected mineralized structural zone extending from the Golden pit to the Lucky Pit. The mineralization remains open along strike to the northeast and at depth.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce positive RC drill results on its recently acquired VG Deposit located on the QV Property. The drilling extended known mineralization which remains open in all directions and shows similarities to the nearby Golden Saddle deposit. The QV Property was acquired in early 2019 and contains the VG Deposit, which hosts an historic inferred gold resource of 230,000 oz at 1.65 g/t Au(1) and several highly prospective undrilled targets in close proximity. The QV Property is historically underexplored and demonstrates strong similarities and prospective geology as that found on both the White Gold and JP Ross properties. Drilling in 2019 was designed to step-out on the VG deposit along strike to the NE and SW, and to infill gaps in the deposit’s historic resource model. The Company’s fully-funded $13 million 2019 exploration program, backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC), includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe sampling, trenching and RAB/RC drilling on various other properties across the Company’s expansive land package located in the prolific White Gold District, Yukon, Canada.
Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) announces the grant of options to directors, officers, employees and consultants to purchase an aggregate of 1,755,000 common shares of Eloro, exercisable at $0.40 per share at any time on or before February 18, 2025. The grant is subject to TSX Venture Exchange acceptance and is made in accordance with and subject to the terms of Eloro’s stock option plan. In accordance with securities regulatory requirements, any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period of four months from the date of the grant.
The Yukon Mint™ Corporation (Yukon Mint™) is pleased to announce its 2nd Yukon-wide gold coin design contest, MY YUKON, is now accepting submissions to design the front side (obverse) of a Yukon gold coin. The ‘MY YUKON’ gold coin design contest is open to all Yukon residents and offers artists the opportunity to interpret the Yukon culture, history and the land by presenting a design that recognizes the Yukon.
Philippe Cloutier, CEO of Cartier Resources (V.ECR), understands that investors want a company to do what it says it is going to do. At the Chimo Mine project in Quebec, Cartier developed a plan which Cloutier was confident would position the past-producing mine for a new life as a gold producer.
The junior mining industry lives and dies by the press release. The problem is that press releases often fail to communicate the importance of particular information. So we were delighted to receive a note from Renforth Resources which added some analysis to today’s press release.
Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF) (“Renforth” or the “Company”) is pleased to share with our shareholders recent results from additional sampling of a Discovery Vein drill hole from November 2019. This resampling results in new assay information, including 8.5m of 0.87 g/t Au at a depth of only 49.5m down the hole, which was not previously known to be mineralized. This shallow mineralization was included in a total of 9.8m of mineralization the new data adds to the drill hole. The additional sampling was undertaken in order to obtain quarter cuts of certain samples which were taken in November 2019 but not processed due to equipment issues. In taking the quarter cut samples Renforth’s geologist decided to take “contingency” samples of greywacke in order close off mineralized intercepts. These contingency samples unexpectedly gave gold values in assay, including 2.3 g/t Au over 2m between 49.5 and 51.5m as measured in the core box. The core box in question is pictured below. The assumption in the field was that the sample would come back with a zero value, based on visual inspection of the core as compared to other core drilled in other areas. Renforth has discovered that this assumption is incorrect in the Discovery Veins.