Month: March 2018

TerraX Winter Drilling Extends Sam Otto Zone with 1.5 km Step-out Hole, Confirming a 2.2 km Long Mineralized Zone Open Along Strike and at Depth

MotherlodeTV
TerraX expands Yellowknife City Gold field exploration program

TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce assay results from the first 5 holes (2,003 m) of its 2018 winter drill program now underway on the Yellowknife City Gold project. Two of these holes (688 m) tested the Sam Otto South extension, confirming a 2.2 km mineralized zone that remains open along strike and at depth. These holes were drilled as a follow up to our surface sampling program done in 2017 (news release of Sept 26, 2017). That program indicated the Sam Otto zone may extend for 3.5 kilometers south of the main zone which was drilled over 750 m of strike length in 2016. Hole TSO18-035 was collared 1.5 kilometer south of the Sam Otto main zone and intersected a broad zone of deformation and alteration (150 m wide) that contained a mineralized zone assaying 2.16 g/t Au over 27.16 m, including 1 m of 23.1 g/t Au, and 2.44 m at 7.99 g/t Au. read more

Victoria Gold is Building a Mine

JayCurrie
Canada gold, junior mining companies

We’ve been reporting on Victoria Gold (V.VIT) for several years. CEO John McConnell has been convinced that there would be a mine at the Eagle Deposit  Dublin Gultch in the Yukon. Today’s press release announcing a Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities means that Victoria is financed right through until commercial production. read more

Argentina Lithium Acquires Property on Antofalla Salar, Argentina

MotherlodeTV
Argentina Lithium, V.LIT

Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF), “Argentina Lithium” or the “Company”) is pleased to announce that it is expanding its lithium project portfolio in Argentina’s Lithium Triangle to include over 14,000 hectares on the Salar de Antofalla in Salta Province, Argentina.   The new Project includes a combination of 100% owned property applications, and properties with the option to earn 100% through a combination of cash payments and work commitments. read more

Victoria Gold Announces Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities

MotherlodeTV
V.VIT, Victoria Gold, gold, Yukon

Victoria Gold Corp. (TSX.V:VIT) “Victoria” or the “Company” is pleased to announce that it has entered into documentation with Orion Mine Finance (“Orion”), Osisko Gold Royalties Ltd (“Osisko”) and Caterpillar Financial Services Limited (“Caterpillar Financial”) with respect to a construction financing package totalling approximately C$505 million in aggregate (the “Financing”) that will fully fund the development of the Eagle Gold project through to commercial production. The Financing is comprised of: read more

MGX Minerals Announces Engagement of Dr. James G. Blencoe to Develop a Thermochemical Process for Extracting Lithium from Spodumene; Case Lake Lithium Project Drill Core to be Tested

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce it has executed a Letter of Intent (the “LOI”) with Orion Laboratories, LLC (“Orion”) of Oak Ridge, Tennessee, and Light Metals International Inc. (“LMI”) of Vancouver, British Columbia, to jointly develop and commercialize a new process for extracting hard-rock lithium from spodumene concentrate. read more

TerraX Stakes 337.5 Square Kilometers of Contiguous Ground in the Highly Prospective Yellowknife Gold District

MotherlodeTV
TerraX expands Yellowknife City Gold field exploration program

TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce that it has expanded its land position at its wholly-owned Yellowknife City Gold (“YCG”) project through the staking of an additional 337.5 square kilometers immediately to the north of its current properties. These additional 47 claims were staked based on extensive field exploration completed on the YCG during the summer and fall of 2017 and bring our total holdings adjacent to the City of Yellowknife to 771.6 sq km covering approximately 70 km of strike. The map indicating the newly acquired lands can be accessed here. read more

Grizzly Provides Greenwood Property Update and 2018 Exploration Plans

JayCurrie
Grizzly Discoveries, V.GZD, gold, BC

Edmonton, Alberta–(Newsfile Corp. – March 6, 2018) – Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) (“Grizzly” or the “Company”) is pleased to announce that it has submitted permit applications to conduct drilling at three targets, all located within its Greenwood Project area in southern B.C., including the Ket28, Motherlode North and Dayton targets. read more

Bayhorse Silver Inc.: Significant Gold Values (1.667 g/t Gold) Accompany High Grade Silver Samples Returns, Bayhorse Mine, Oregon, USA

JayCurrie
Bayhorse silver, V.BHS
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Vancouver, British Columbia–(Newsfile Corp. – March 6, 2018) – Bayhorse Silver Inc. (TSXV: BHS) (“Bayhorse” or the “Company”) is pleased to report results from resubmission of the high silver assays reported in its news release BHS2018-03 from the Legend, Sunshine and Big Dog mineralized zones, Bayhorse Silver Mine, Oregon, USA. read more

MGX Minerals Announces Positive PEA for Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

 MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG; FKT: 1MG; OTC: MGXMF) is pleased to report results of an independent technical report prepared in accordance with CIM guidelines and National Instrument 43-101 definition of a Preliminary Economic Assessment (“PEA”) on its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”). read more