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Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF) (“Blue Sky” or the “Company”) is pleased to announce a non-brokered private placement financing of up to 5,500,000 units at a price of $0.19 per unit for gross proceeds of $1,045,000.
Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF) “Argentina Lithium” or the “Company”) is pleased to provide an update on exploration programs on its two active lithium exploration projects at the Arizaro and Incahuasi salars located in the prolific Lithium Triangle in Argentina. Due to an increase in activities, a new Project Manager is being hired to manage exploration moving forward.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) is nearing completion of the 5,000 metre drill program at Case Lake Lithium. Forty-four holes have been completed to date. The program has been extended and five more shallow holes are planned for a total of 49 drill holes (See Figure 2 below).
Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the identification of a fifth new parallel gold zone at the Gladiator Gold Deposit. This new “Barbeau Zone”, intersected by six drill holes up to 800 m below surface, was identified south of the “South Zone”. The Company is aggressively completing its 2017 Resource Development Program, with four diamond drill rigs completing a 50,000 m program. In addition, multiple holes are in the lab with assays pending, and Bonterra expects to expand to six drill rigs during the upcoming 2018 winter season.
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Corporation”) announces that the eight (8) nominees listed in the management information circular dated October 10, 2017, were elected as directors of Falco.
Bonterra is moving from strength to strength as it drills out its Gladiator project in the Abitibi.
Marathon Gold Corporation (TSX:MOZ) (“Marathon”) announced today its financial results for the period ended September 30, 2017.
Transition (V.XTM) CEO Scott McLean is very clear about the difference between a project generator and a junior explorer, “The big difference is that a traditional junior will raise money by diluting the shareholder’s equity to fund the advancement of one or two projects. Under the project generator business model, the Company holds multiple projects and the exploration is funded by a partner in return for a stake in a specific project. This model allows projects to be funded with minimal shareholder equity dilution. The approach leverages the investor’s exposure to the upside that can come from discovery in a manner that insulates the downside that can come from excessive shareholder dilution if results prove unfavourable”
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) Marathon Gold Corporation is pleased to announce that it has acquired the 3% precious metals NSR royalty and the 2% base metals NSR royalty on its Valentine Lake gold property in central Newfoundland from a third party for US$8.7 million. Marathon believes this purchase is in the best interest of the Company as it continues to develop the Valentine Lake property.
