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MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. (”Power Metals”) has announced drill hole assays for lithium (Li) and tantalum (Ta) mineralized intervals for the Main Dyke at Case Lake, east of Cochrane, Ontario. Significant intervals for the Main Dyke include:
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report fourth quarter 2017 and full year 2017 production results, as well as 2018 production, cost, and capex guidance.
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) announces the results from an additional 35 diamond drill holes totaling 5,945 meters (427 samples) as part of its 2017 underground exploration and resource definition drilling program at its El Mochito mine in Honduras.
Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGD; FWB: 5TN) is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters“), under which the Underwriters have agreed to purchase, on a bought deal private placement basis 11,538,500 units (the “Units“) of the Company at a price of $1.30 per Unit, for aggregate gross proceeds of $15,000,050 (the “Offering“). Each Unit will be comprised of one common share and one transferable common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one common share of Rye Patch at a price of $1.65 for a period of 24 months following the closing of the Offering.
Arrow Step-out Drilling
All amounts expressed in US$ and short tons unless otherwise indicated)
Eloro Resources Ltd. (TSX-V:ELO) (FSE:P2Q) (“Eloro” or the “Corporation”) is pleased to announce that it has completed 2,261m of reconnaissance diamond drilling in 8 holes at the Rufina Target on the La Victoria Au Property in the North-Central Mineral Belt of Peru. Figure 1 is a plan map showing locations of the drill holes and hole traces. Holes ERU-01, -02, -03, -04 and -09 are on a NE-SW cross section approximately 800m long. Holes ERU-06, -07 and -08 are on a parallel cross section 500m long approximately 100m north of the first section. Significant values are shown in Table 1 below. Highlights include (all core lengths):
MGX Minerals Inc. (“MGX” or the “Company”) (CNSX: XMG, FSE: 1MG, OTCQB: MGXMF) is pleased to report the Company has engaged Highbury Energy Inc. (“Highbury”) to assist in preparing a detailed process to extract metals such as nickel, vanadium, and cobalt from petroleum coke (“petcoke”).
Golden Predator Mining Corp. (TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) today reported results of 43 Grade Control drill holes at the 3 Aces Project in southeast Yukon, including the highest gold assays returned to date from drilling on the project.
Blue Sky Uranium Corp. (TSX-V:BSK) (FSE:MAL2) (OTC:BKUCF), (“Blue Sky” or the “Company”) is pleased to report that additional analytical results from the Phase II reverse circulation (RC) drilling program have expanded the higher-grade uranium mineralized corridor by a further 1 kilometre at the Ivana target on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina. In addition to the lateral expansion, infill drilling results include areas of significant grade-times-thickness (i.e. 15 holes averaging 13 metres @ 522 ppm U3O8), and individual results as high as >1% (10,517 ppm) U3O8. The Company has engaged a team of independent qualified people (Bruce Davis Ph.D., F.AusIMM, of BD Resource Consulting Inc., Susan Lomas P.Geo of Lions Gate Geological Consulting Inc., and Jon Thorson, Ph.D., CPG) to complete a maiden resource estimate, and associated NI 43-101 Technical Report, for the Amarillo Grande project.