Ascendant Resources Announces Positive Free Cash Flow for Q4 2017 and Provides 2018 Guidance
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017
Month: January 2018
Falco Updates on Horne 5 Project Development and Exploration Activities
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to provide the following update on its development of the Horne 5 Project (the “Project”), exploration and corporate activities.
MGX Minerals Announces Commencement of Drill Program at Case Lake Lithium Project
MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. (”Power Metals”) has commenced a 2,000 metre drill program on the Northeast Dyke at Case Lake east of Cochrane, Ontario. Drill hole PWM-18-51, the first drill hole on the Northeast dyke and on the entire claim, is in progress and is collared 5 m north of the spodumene pegmatite outcrop. This shallow hole will drill underneath the location of the surface assay of 7.14 % Li2O (see press release dated Dec. 4, 2017).
Rye Patch Gold Announces Share Consolidation
Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) announces that the TSX Venture Exchange (the “TSX-V”) has approved a proposed share consolidation by the Company (the “Share Consolidation”) on the basis of one (1) post-consolidation common share for every 6.5 pre-consolidation common shares.
Golden Predator Continues to Expand Gold Zones at 3 Aces Project
Golden Predator Mining Corp. (TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports the results of 42 Reverse Circulation (RC) drill holes completed in 2017 at the 3 Aces Project in southeastern Yukon. Initial drilling is reported from the Diamonds Zone along with the Hearts/Clubs Corridor. All areas encountered encouraging results and will see continued drilling in 2018. The final 43 RC holes completed in 2017 will be reported separately.
MGX Minerals Announces Major Advancement in Mass Storage Battery Technology; Solves Zinc Dendrite Formation Limitation
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to announce wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has solved the long standing reliability issue caused by the growth of zinc dendrites in zinc-air flow batteries. The problem occurs when filaments of zinc (dendrites) grow in unintended areas and may cause membrane ruptures or short circuits to occur. The ZincNyx system is immune to this effect since it uses zinc dendrites as fuel and consumes them as part of its normal operation. Avoidance of dendrite damage is the single most significant hurdle in development and commercialization of zinc-air flow battery systems. Phase II design and testing has been completed and final commercial design is now underway for mass production of its scalable 20kWh capacity zinc-air mass storage battery.
Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp:
1,846,500 ounces M&I at 1.88 g/t gold and 1,011,700 ounces Inferred at 1.66 g/t gold
Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) today announced that it has made the regulatory filing of the report entitled “Technical Report on the Mineral Resource Estimate of the Valentine Lake Project.” The updated resource was announced on November 30, 2017 and completed under the direction of John T. Boyd Company. The company has also resumed drilling at the Valentine Lake Gold Camp.
Rye Patch Gold Announces Florida Canyon Q4 2017 Production
10,470 OUNCES OF GOLD PRODUCED
10,470 OUNCES OF GOLD PRODUCED
Crown Mining Metallurgy at Moonlight
Crown Mining (V.CWM) reported the results from its metallurgy testing at its California Moonlight copper property.
MGX Minerals Announces 17.0 Metres of 1.81% Li2O at Case Lake Lithium Project
VANCOUVER, BRITISH COLUMBIA / January 5, 2018 / 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”) has announced additional drill results for the Main Dyke at Case Lake, Cochrane, Ontario.