Marathon Deposit Drilling Hits 3.26 g/t Au over 15.2 meters and 3.22 g/t Au over 15.2 meter – 15,000m 2018 Winter Drilling Program Underway Valentine Lake Gold Camp, Newfoundland
Highlights:
Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), (“Blue Sky” or the “Company”) is pleased to report additional analytical results from the infill reverse circulation (RC) drilling program, including multiple high-grade uranium-mineralized intercepts near surface at the Ivana target, on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina.
MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to announce as a result of the recently closed acquisition of now wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”), the Company now controls 20 metal air battery and fuel cell patents. To date, ZincNyx has been awarded 20 patents covering its mass storage technology. A list of existing published patents are as follows:
TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to report channel sample results from the Sam Otto South zone on Screamer Island. Sam Otto South is up to 3.5 km south and along trend from the main Sam Otto and extends the potential strike length of that target area to over 5 km. Channel sample results confirm the extension of the Sam Otto zone 1.5 kilometers south of the currently drilled Sam Otto main zone (see map here) (https://terraxminerals.com/projects/yellowknife-city-gold/field-exploration-2017/#feb-1-2018).
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN; FSE: N071) is pleased to report it has added 19,352 hectares (47,818 acres) to its land position at the Montalembert gold project for a total land holding of 26,645 hectares (65,839 acres).
Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGD; FWB: 5TNN) is pleased to announce the completion of the bought deal private placement offering announced on January 17, 2018 whereby the Company issued a total of 15,384,700 units of the Company (“Units“) at a price of $1.30 per Unit for gross proceeds of $20,000,110 (the “Offering“). Each Unit consisted of one common share of the Company (“Common Share“) and one common share purchase warrant (a “Warrant“). Each Warrant is exercisable to acquire one Common Share at an exercise price of $1.65 until January 31, 2020. The Offering includes exercise in full of the Underwriters’ (as defined below) over‑allotment option to purchase additional Units at $1.30 per Unit.
Argentina Lithium & Energy Corp. (TSXV:LIT) (FSE:OAY2) (WKN: A0RK7E) (OTC: PNXLF), “Argentina Lithium” or the “Company”) is pleased to announce that it has obtained the necessary permits to drill test its 100%-controlled Incahuasi Lithium Project in Catamarca Province, Argentina. Drilling is expected to commence in early February, 2018.
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce the results of the first drill hole from its 13-drill-hole, 7,814 m drill program on 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.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the Company’s operating partner (the “Paradox Partner”) has received approval from the State of Utah Division of Oil, Gas & Mining to conduct a 3D geophysical survey (the “Survey”) on the Blueberry Unit (“Blueberry”) at its Paradox Basin Petrolithium Project (the “Project”). The Survey will outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce that wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has commenced development of a scaled-up 20 kW system for use in utility-scale battery storage. The 20kW/160kWh modules represent a 4x increase in both energy and power as compared to ZincNyx’s current 5kW systems. The 20kW system retains all attributes of existing 5kW systems while providing additional benefits, including lower costs and higher energy density along with the ability to serve broader market segments.