Author: MotherlodeTV

MGX Minerals Announces Commencement of Drill Program at Case Lake Lithium Project

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

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 commenced a 2,000 metre drill program on the Northeast Dyke at Case Lake east of Cochrane, Ontario. Drill hole PWM-18-51, the first drill hole on the Northeast dyke and on the entire claim, is in progress and is collared 5 m north of the spodumene pegmatite outcrop. This shallow hole will drill underneath the location of the surface assay of 7.14 % Li2O (see press release dated Dec. 4, 2017). read more

Rye Patch Gold Announces Share Consolidation

MotherlodeTV
V.RPM, Rye Patch Gold, gold, Nevada

Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) announces that the TSX Venture Exchange (the “TSX-V”) has approved a proposed share consolidation by the Company (the “Share Consolidation”) on the basis of one (1) post-consolidation common share for every 6.5 pre-consolidation common shares. read more

Golden Predator Continues to Expand Gold Zones at 3 Aces Project

MotherlodeTV
Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports the results of 42 Reverse Circulation (RC) drill holes completed in 2017 at the 3 Aces Project in southeastern Yukon. Initial drilling is reported from the Diamonds Zone along with the Hearts/Clubs Corridor.  All areas encountered encouraging results and will see continued drilling in 2018.  The final 43 RC holes completed in 2017 will be reported separately. read more

MGX Minerals Announces Major Advancement in Mass Storage Battery Technology; Solves Zinc Dendrite Formation Limitation

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to announce wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has solved the long standing reliability issue caused by the growth of zinc dendrites in zinc-air flow batteries. The problem occurs when filaments of zinc (dendrites) grow in unintended areas and may cause membrane ruptures or short circuits to occur. The ZincNyx system is immune to this effect since it uses zinc dendrites as fuel and consumes them as part of its normal operation. Avoidance of dendrite damage is the single most significant hurdle in development and commercialization of zinc-air flow battery systems. Phase II design and testing has been completed and final commercial design is now underway for mass production of its scalable 20kWh capacity zinc-air mass storage battery. read more

Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp:

1,846,500 ounces M&I at 1.88 g/t gold and 1,011,700 ounces Inferred at 1.66 g/t gold
MotherlodeTV
T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) today announced that it has made the regulatory filing of the report entitled “Technical Report on the Mineral Resource Estimate of the Valentine Lake Project.”  The updated resource was announced on November 30, 2017 and completed under the direction of John T. Boyd Company. The company has also resumed drilling at the Valentine Lake Gold Camp. read more

MGX Minerals Announces Closing of Final Tranche of $12.9M Private Placement of Flow Through and Non Flow Through Units

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that it has closed the second and final tranche of a non-brokered, private placement for 2,434,716 flow through units (“FT Units”) at a price of $1.05 per FT Unit for gross proceeds of $2,556,451.80 (the “Offering”). The aggregate gross proceeds raised under the Offering was $5,803,253.40 through the issuance of an aggregate of 5,526,908 FT Units. The FT Offering was made concurrently with a private placement of non flow through units (“NFT Units”), which raised aggregate gross proceeds of $7,137,000 (see press release dated December 21, 2017). read more

Marathon Announces Closing of $5M Bought Deal Offering of Flow-Through Shares

MotherlodeTV
T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

Marathon Gold Corporation (TSX:MOZ) (OTCQX:MGDPF) (“Marathon” or the “Corporation“) is pleased to announce the closing of a “bought deal” private placement of an aggregate of 4,066,000 common shares of the Corporation that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (“Flow-Through Shares“) at an issue price of $1.23 per Flow-Through Share (the “Issue Price“) for aggregate gross proceeds of $5,001,180 (the “Offering“), including the exercise in full of the underwriters’ option to purchase an additional 1,650,000 Flow-Through Shares at the Issue Price. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters that included Haywood Securities Inc., RBC Capital Markets and Raymond James Ltd. (collectively, the “Underwriters“). read more

MGX Minerals Closes $4.1 Million Second Tranche of Oversubscribed Private Placement

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that is has closed the second and final tranche of a non-brokered, private placement for 4,079,000 units (“Units”) at a price of $1.00 per Unit for gross proceeds of $4,079,000 (the “Offering”). The aggregate gross proceeds raised under the Offering was $7,137,000 through the issuance of an aggregate of 7,137,000 Units. The Offering was made concurrently with a private placement of flow through units, of which a second and final tranche is also expected to close this week. read more

Sierra Metals Announces the Appointment of Alberto Beeck as Advisor and Alejandro Perellón as Observer to its Board of Directors

MotherlodeTV

Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Alberto Beeck as an Adviser to its Board of Directors and Mr. Alejandro Perellón as an Observer to its Board of Directors, both effective immediately.  read more