Brodie Sutherland, CEO of Tocvan Ventures (TOC:CNX), has set a course for the company which will allow it to explore, drill and bulk sample at its two gold/silver properties in Sonora Mexico. Critically, Tocvan concluded a 5.125 million dollar financing which will fund operations for the next two years.
Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report the results from the final three holes completed in the Phase 1 drill program at its Donner Lake lithium property (the “Property“) in southeastern Manitoba. In addition, the Company has initiated certain project development activities including baseline environmental work and metallurgical testwork on both the Northwest and Main dykes. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite and the associated Tanco lithium-cesium-tantalum mine and concentrator. The property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance.
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce drill assays from 2021 confirm discovery of a uranium mineralized zone below the known Arrow Deposit and at Camp East:
GCM Mining Corp. (GCM) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction). The resulting entity will be named Aris Gold Corporation and will be led by Ian Telfer as Chair and Neil Woodyer as CEO and Director.
Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce the successful completion of the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico. Seven drill holes were completed, totalling 1,382-meters. Drilling focused on step-out targets along the 4-T and a newly discovered trend between the Main Zone and 4-T (see Figure 1). All seven drill holes intersected target horizons. Results for all seven drill holes have been submitted to ALS (Hermosillo) for analysis, results are pending.
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole DSBU-10 is an underground hole drilled at azimuth 400 at -600 dip across the higher-grade feeder zone. Hole DHK-24 is a surface drill hole collared near Huayra Kasa approximately 100m SE of Hole DSBU-10 and drilled to the SW at -600. Four drills including three surface drills and one underground drill are focussed on completing drilling in the Santa Barbara Resource Definition Drilling Area. A fourth surface drill has been added to further expand drilling capacity.
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 16,370 ounces of gold in June 2022 at its Segovia Operations bringing the total for the second quarter of 2022 to 53,198 ounces compared with 52,198 ounces from Segovia in the second quarter of 2021. In the second quarter of 2022, the Company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead.
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that on July 12, 2022, the Canadian Nuclear Safety Commission (“CNSC”) announced their acceptance of the draft Environmental Impact Statement (the “EIS”) which the Company completed submission of in June 2022 (see News Release dated June 21, 2022). The acceptance of the draft EIS for NexGen’s 100% owned Rook I Project (“Rook I” or the “Project”) located in Saskatchewan’s southwestern Athabasca Basin follows a 30-day period during which the CNSC conducted a conformance review of the draft EIS submission and confirmed no comments or conditions. Further, the acceptance marks the formal commencement of the 90-day period during which the CNSC will coordinate both the Federal technical and public review of the draft EIS.
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces first assay results from the 2022 resource expansion drill program at the San Marcial Area in Sinaloa, Mexico. The high-grade silver (“Ag”) results demonstrate the potential for resource expansion both near-surface and at depth at the San Marcial Area. The 23 released drill holes targeted delineation of near-surface high-grade zones, as well as the lateral continuation of mineralization along the prospective contact between the upper andesitic “block and ash” unit and lower volcano-sedimentary units. This contact commonly hosts the San Marcial Area Ag mineralization (Figure 1). Results from the remaining drill hole of the 2021 program, which targeted NW strike extensions of the mineralized hydrothermal breccia, are also reported in this news release.