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GR Silver (GRSL.V) holds 100% of the key concessions over an area 25 kilometers wide and 35 kilometers long in the Rosario District in Sinaloa Mexico. The company refers to this as the Plomosas Project and is in the midst of drilling the property.
Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) is pleased to provide an update on its diamond drilling program at its wholly owned Big Easy property located near Clarenville in eastern Newfoundland. As previously announced (see press release September 21, 2021) the 10,000m drill program will test significant resistivity anomalies along a major north-northeast trending structural break outlined by the Controlled Source Audio Magneto-Telluric (“CSAMT”) survey in the Central Anomaly – Big Easy Showing Area.
Brodie Sutherland is a very happy geologist. As Tocvan Ventures (TOC:CNX) VP Exploration he is exploring two highly prospective properties, Pilar and El Picacho, in the Sonora State of Mexico and he is liking what he is seeing so far.
GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) (“Grid” or the “Company”) today announced it has entered into a term sheet with Lithium Royalty Corp. ( “LRC”) ( a leading pure play battery royalty and streaming company ) to finance its lithium assets in Manitoba and Ontario. The closing of the transaction outlined in the term sheet will be subject to final due diligence of LRC and documentation. Upon closing Grid will receive 1) proceeds US$1.25 Million from the sale of a 25% interest in its lithium projects, 2) US$2.25 million from the grant of project royalties on its lithium assets and 3) C$ 1,650,356 from completion of a private placement from LRC with all proceeds advanced to Grid at closing. Total funding to Grid in CAD $ equivalent is approximately CAD $ 6.3 million. The transaction also envisions the creation of a lithium focused spin-out company.
Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FSE:LKY) (“Lucky” or the “Company“) is pleased to announce it has received sample assay results from its ongoing work at the Wayka epithermal gold discovery at its 100% owned Fortuna Property (“Fortuna”) in southern Ecuador.
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to provide an update on its Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. To date, the Company has completed 35,738 metres (m) in 68 drill holes including three (3) in progress to test major target areas at Iska Iska. This press release reports drilling results from one (1) additional hole which tested the Porco Breccia Pipe (“PBP”) (Hole DPC-01) and new underground channel sampling from the Porco adit located approximately 200m south of the PBP. Currently three drill rigs are in operation at Iska Iska. Two surface drill rigs are continuing to drill at the Santa Barbara Resource Definition Target Zone (Figure 1) to outline an initial National Instrument 43-101 (“NI-43-101”) compliant resource. A third drill, an underground rig, situated in the west end of the Santa Barbara Adit, is testing the eastern part of Santa Barbara Breccia Pipe (“SBBP’) and its mineralized envelope. Figure 1 is a geological plan map showing locations of drill holes completed, in progress and planned to complete resource definition drilling along with an updated geological interpretation. Figure 2 is a plan map of channel sampling at the Porco adit. Table 1 provides significant drilling results with definitions of chemical symbols, Table 2 details channel sample results from the Porco adit and Table 3 lists holes completed with assays pending, as well as holes in progress in the three major target areas. Highlights include:
Gran Colombia Gold Corp. (“Gran Colombia” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on December 15, 2021 to shareholders of record as of the close of business on November 30, 2021.
Tocvan Ventures Corp. (the “Company”) (CNSX:TOC.CN) (OTC:TCVNF) (FSE/WKN:TV3/A2PE64), is pleased to announce the exploration plans for its El Picacho Au-Ag Project in Sonora, Mexico. El Picacho was a recent acquisition with the company negotiating the assignment of the option agreement from Millrock Resources. Five primary target areas (San Ramon, Cornea, Jabali, Puerto and Tortuga) have been identified to date combining for over 6 kilometers of prospective trend. The project is fully permitted for 1,995 meters of trenching, 60 drill holes (up to 15,000m) and 2.2 kilometers of access roads. The permit is a critical piece to the advancement of El Picacho and will allow Tocvan to scale-up exploration as needed. The company remains focused on its advanced stage Pilar Gold-Silver Project, however the high perspectivity of El Picacho warrants further investigation.
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2021. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (WKN:TV3/A2PE64), is pleased to announce the commencement of field operations at its Pilar Au-Ag Project in Sonora, Mexico. Building off of the success of last year, the company looks to evaluate surface mineralization with trenching and channel sampling followed by a series of column leach studies on representative sites across the Main Zone. In addition, drilling is planned with between 5,000 to 8,000 meters estimated between now and July of 2022. Drilling will focus on continued step-out drilling along the Main Zone and new 4-Trench Trend. Exploration drilling will continue to evaluate target areas along the Triple Vein Zone. Surface exploration work will continue with trenching and sampling along the southeastern extension of the Main Zone.