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In the junior mining business, there are conferences going on all the time. However, September is particularly conference heavy. The Metals Investors Forum just wrapped up in Vancouver and now many companies are at Beaver Creek Summit in Colorado. Then it is on to the Denver Gold Show next week.
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) has awarded GeoPointCom the mandate to complete an initial resource estimate and a supporting NI 43-101 technical report for its 100% owned flagship Chimo Mine gold project located 45 kilometers east of Val-d’Or, Quebec.
Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that further to its news release dated July 29, 2019, it has now filed a Feasibility Study (the “FS Report”) regarding its Pastos Grandes Project in the province of Salta, Argentina.
Marathon Gold Corporation (“Marathon” or the “Company“) (TSX: MOZ) is pleased to announce it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and Sprott Capital Partners (collectively, the “Underwriters“) pursuant to which they have agreed to purchase on a bought deal basis, 2,710,000 flow-through units that will consist of one flow-through share of the Company and one-half of one common share purchase warrant (the “Flow-Through Units“) at a price of C$1.85 per Flow-Through Unit and 11,400,000 common share units that will consist of one common share of the Company and one-half of one common share purchase warrant (the “Common Share Units” and together with the Flow-Through Units, the “Underwritten Securities“) at a price of C$1.32 per Common Share Unit for aggregate gross proceeds of C$20,061,500 (the “Underwritten Offering“). Each whole common share purchase warrant is exercisable into one common share of the Corporation at a price of C$1.60 per common share for a period of 24 months from the Closing Date (as defined herein).
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce results from its 2019 regional soil sampling program which identified multiple new high-priority gold targets, including a new high-grade gold discovery, the Titan target. The Titan is located on the road accessible Hen property, contiguous to the Company’s JP Ross property, less than 15km WNW from the Vertigo discovery, Yukon, Canada. Exploration results on the Titan include soil samples of up to >100,000 ppb Au, the highest soil value ever recorded within the Company’s White Gold District soil database comprised of 400,000+ soil samples. These soil samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area, indicating high priority targets for upcoming follow up activity including probe, trenching and RAB/RC drilling. The Company’s regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) is ongoing on several high-priority gold targets, with activity including GT Probe sampling, geophysical surveys, trenching, geologic mapping, prospecting and RAB drilling, with related results to be released in due course.
Goldplay Exploration Ltd. (TSXV: GPLY, FRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce that additional high-grade silver (Ag) has been encountered in a re-opened old adit, or tunnel, at the Faisanes target (Figure 1) on the edge of the NI 43-101 silver resource area at the Company’s San Marcial Project (“San Marcial”), Sinaloa, Mexico, as announced in February this year (see News Release dated 7 February 2019).
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company” or “Golden Predator”) sadly reports that former Golden Predator Director and Yukon Premier Dennis Fentie has lost his brave battle with cancer, passing away on August 29th, 2019. Dennis passionately and tirelessly served the Yukon for 10 years as Premier before re-entering the private sector where he brought the same passion, wisdom and enthusiasm as a key member of the Company’s board until his resignation two weeks ago. On behalf of the Board of Directors, management and staff we offer our sincere condolences to his widow Lorraine and his extended family and friends.
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce positive results from the start of the infill drilling campaign at the Marathon Deposit, part of the Valentine Gold Project in central Newfoundland. This latest drilling is part of a series of planned infill and exploration drill holes designed to expand the estimate of Mineral Resources at the Marathon Deposit over the more than 1,500-meter strike length of the deposit’s “Main Zone” corridor. Of note, these drill results continue to successfully demonstrate the continuity of gold mineralization both along and across strike of the Main Zone as well as from surface to the base of the currently planned open pit, where mineralization remains open to depth. Highlights of the latest drilling include:
Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on upcoming milestones concerning the exploration and development of the Valentine Gold Project in central Newfoundland. In summary:
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce that an exploration drill program consisting of a minimum 4,000 m is scheduled to begin in early September at our 100% owned, SW1 property (approximately 10 km northwest of Rook I), in the Athabasca Basin, Saskatchewan.