Author: MotherlodeTV

Cache Exploration Modifies Private Placement

MotherlodeTV
V.CAY, Cache Exploration, gold, Nunavut, Jack Bal

Cache Exploration Inc. (the “Company”, or “Cache”), (TSX-V:CAY) wishes to announce that it has modified its non-brokered private placement (the “Private Placement”) previously announced on September 18, 2017. The Company will sell up to 9,000,000 Units for gross proceeds of up to $720,000 (the “Offering”) at a price of $0.08 per unit (the “Units”). Each Unit consists of one common share (a “Unit Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one full additional common share (a “Warrant Share”) at an exercise price of $0.10 per Warrant Share. The Warrant Share is exercisable for the first two years from the date of issue of the Warrant. Finder’s fees of 8% cash and 8% finder warrants may be payable in connection with this transaction. read more

Victoria Gold Drills 1.9m @ 14.65/t Au at the Catto Zone, Dublin Gulch, Yukon

MotherlodeTV
V.VIT, Victoria Gold, gold, yukon

Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. These latest results are from the 11 exploration drill holes completed on the Catto Zone. Located between the Eagle Gold Mine and the Olive-Shamrock Deposit, the Catto Zone was the location of historic high-grade gold mines and has seen only cursory contemporary mineral exploration. read more

Canadian Gold Miner and Osisko Mining sign a non-binding letter of intent to acquire a portfolio of gold exploration properties in Ontario

MotherlodeTV
V.XTM, Transition Metals

Canadian Gold Miner Corp. (“CGM” or the “Company”) and Transition Metals Corp. (XTM – TSX.V, “Transition”) together announce that CGM has entered into a non-binding letter of intent with Osisko Mining Inc. (OSK – TSX, “Osisko”) whereby, subject to the execution of definitive agreements on terms acceptable to the parties, Osisko would assign its ownership interest in two exploration stage properties to CGM in exchange for stock of CGM. In addition, Osisko would provide financing to CGM, on a private placement basis, in the amount of $1.0 million in exchange for stock of CGM. Once completed, the transaction is expected to result in Osisko owning approximately 19.9% of the issued and outstanding common shares of CGM. The properties to be assigned to CGM include the DeSantis property, a historical gold producer located in the heart of the Timmins Gold Camp, and the Catherine Property, a large exploration land package near CGM’s focus area south of Kirkland Lake, Ontario. read more

Rye Patch Outlines Program to Expand Oxide Resources and Explore Sulfide Potential at Florida Canyon and Lincoln Hill

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

Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) outlines a three-year program to expand oxide resource and delineate sulfide potential along the Oreana trend in west-central Nevada.  The program is designed to increase measured and indicated oxide resources at Florida Canyon and Lincoln Hill and quantify and deliver a sulfide resource beneath the Florida Canyon oxide deposit.  A Phase 1 10,000 metre expansion drilling campaign at the Florida Canyon mine is planned which seeks to increase the oxide resource and to test and confirm the grade, character and extent of the sulfide mineralization beneath the oxide ore body. read more

MGX Minerals Processes High Magnesium Content Lithium Brine of 76,000mg/L Mg; Nears Completion of First Commercial Rapid Lithium Extraction System

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions (“PurLucid”) are pleased to announce advancement in magnesium extraction. The pretreatment removed all of the 76,000 mg/L of magnesium, reducing the post treatment concentration to non-detect levels (<1 mg/L) from lithium brine bulk samples shipped from a U.S. site currently under evaluation. read more