News from the Yukon
Our friend Anne Lewis of the Yukon Mining Alliance sent along the first issue of the new Yukon Mining Alliance “Invest Yukon Newsletter”.
Day: March 1, 2018
Eloro Resources and EHR Resources Announce Commencement of the Next Stage of Exploration at the La Victoria Gold Project, Peru
Eloro Resources Ltd. (TSX-V:ELO) (FSE:P2Q) (“Eloro” or the “Corporation”) is pleased to announce the initiation of the next stage of exploration, including exploratory drilling at the La Victoria Gold Property (“La Victoria”) in the North-Central Mineral Belt of Peru. EHR Resources Limited (“EHR”), which currently holds a 10% interest through its Peruvian subsidiary and is earning up to a 25% interest in La Victoria, has notified Eloro that it is proceeding with the Stage 2 Earn-in period described further below. Eloro’s Peruvian subsidiary currently owns a 90% interest in La Victoria.
Blue Sky Uranium Oversubscribed – Company Closes Non-Brokered Private Placement
Blue Sky Uranium Corp. (TSXV:BSK) (FSE:MAL2) (OTC:BKUCF), (“Blue Sky” or the “Company”) is pleased to announce completion of the non-brokered private placement financing of 7,258,500 units (‘Units”) for gross proceeds of $1,451,700 as announced on February 20, 2018.
Manganese X Updates Metallurgical Development Progress & Creation of Technology Division
Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: SNCGF) (the “Company” or Manganese X ) committed itself in early 2017 to achieve a fundamental understanding of the mineralogical composition of the various manganese bearing zones within its Battery Hill deposit to assist in its metallurgical evaluations. With the use of scanning electron microscopy, or Qemscan, X-Ray Diffraction and other techniques, the company was able to build an extremely detailed portrait of the various ore types contained in the major zonal deposits, to a far greater level of comprehension than had been obtained since the first discovery of manganese in southern New Brunswick in 1836.
Cartier now owns 50% of the Fenton property
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce that it has completed its commitments to acquire a 50% interest of the Fenton property, located 50 km southwest of Chapais and 50 km north of Osisko’s Windfall Lake gold deposit in the heart of the Urban-Barry’s belt. SOQUEM and Cartier now form a joint venture to continue exploration of the property for which no royalty has been granted. This acquisition constitutes an additional asset corresponding to Cartier’s strategy.
Enforcer Gold Reports 54.5 Meters of 1.2 g/t Gold and Discusses Bulk-Tonnage Potential of the Mop-II Gold-Copper Deposit, Roger Project
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN – FSE: N071) is pleased to report on the preliminary results from evaluating historical drill data on the Mop-II gold-copper deposit. The Mop-II was historically explored as a higher-grade, vein type deposit; however, a review of the data indicates there is significant potential to define a high-tonnage, lower-grade deposit that could be evaluated for its bulk mineable potential.
Canadian Orebodies Makes Significant New High Grade Gold Discovery in the Prolific Hemlo Mining Camp
Canadian Orebodies Inc. (the “Company”) (TSX Venture:CORE) is pleased to announce results from the Company’s fall 2017 Black Raven prospecting program and the discovery of multiple high grade gold bearing vein structures that represent a significant new discovery in the Hemlo camp.