Author: MotherlodeTV

Tocvan Closes Unit Private Placement

MotherlodeTV
CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (WKN:TV3/A2PE64) (“Tocvan” or the “Company”) is pleased to announce that it has closed the second tranche of its previously announced
non-brokered private placement of units (“Units”) for gross proceeds of $266,000 (the “Offering”).  The Offering consisted of the issuance of an aggregate of 266,000 Units at a price of $1.00 per Unit.  Each Unit consists of one common share (“Common Share”) in the capital of the Company and one-half common share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.50, for a period of 24 months from the closing of the Offering. read more

Black Mountain Gold USA Corp. Reports Results of Induced Polarization Survey at its Mohave Gold Project, Arizona

MotherlodeTV
Black Mountain
Cannot view this image? Visit: https://i0.wp.com/orders.newsfilecorp.com/files/4674/107551_d00bd65de46978c4_001.jpg?w=570&ssl=1

Black Mountain Gold USA Corp. (TSXV: BMG) (“BMG” or the “Company”) is pleased to announce that it has received the results of the Induced Polarization (IP) survey completed by Geofisica TMC S.A. de C.V. (“TMC”) at its Mohave Gold Project in Mohave County, Arizona. The survey was comprised of 19 north-south lines varying from 1.17 km to 2.25 km in length for a total of approximately 38 line km. The survey focussed on the northern half of the Mohave Gold Project and covered approximately 3.7 km2 over the main gold-bearing prospects and historical mining areas on the property. Preliminary interpretations of the data indicate that most historic prospects are situated along the margin of a moderate chargeability anomaly which at depth extends under several prospects suggesting potential to extend known gold mineralization below the oxide zone. read more

Tocvan Updates on Trenching Program at its Pilar Au-Ag Project

MotherlodeTV
CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (OTC:TCVNF) (WKN:TV3/A2PE64), is pleased to update on the trenching program at its Pilar Au-Ag Project in Sonora, Mexico. Trenching has started with four trenches completed to date at 4-Trench, North Hill and Main Zone targets. A trench at North Hill is complete and has been channel sampled to analyze an anomalous copper zone with oxide gold-silver mineralization. A trench at 4-Trench is complete and will be used for structural analysis and future drill targeting. Two Main Zone trenches are complete and material will be used for column leach studies and detailed structural analysis. Channel sample results from trenches are expected in January 2022 followed by submittal of bulk sample material for metallurgical test work. Drilling following up on Phase II drill program targets is scheduled to begin within the next week. read more

Renforth is Drilling Victoria West Nickel/Copper/Cobalt/Zinc Stripped Area at Surimeau District Property in NW Quebec

MotherlodeTV
Renforth Resources

Renforth Resources Inc. (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to inform shareholders that drilling is underway under visual surface nickel, copper, cobalt and zinc mineralization previously stripped at our Victoria West target, within our 260 km2 property, contiguous to the Canadian Malartic Mine in Malartic, Quebec. read more

Lucky Minerals Inc. to Participate in Renmark’s Virtual Non-Deal Roadshow Series on December 6th & December 8th, 2021

MotherlodeTV
LKY.V, Lucky Minerals, gold, Ecuador

 Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FSE:LKY) (“Lucky” or the “Company“) is pleased to announce that the Company will be participating in Renmark Financial Communications Inc.’s live Virtual Non-Deal Roadshow Series to discuss the latest investor presentation on Monday, December 6, 2021 at 12:00 PM CST and Wednesday, December 8th at 1:00 PM PST. Lucky welcomes stakeholders, investors, and other individual followers to register and attend this live event. read more

Clean Air Metals Announces a PEA of the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project, with post-tax NPV5 of C$378m, IRR 29.8%

MotherlodeTV
Figure 1: Proposed Site Plan with Mineable Current and Escape Deposits (CNW Group/Clean Air Metals Inc.)
Figure 1: Proposed Site Plan with Mineable Current and Escape Deposits (CNW Group/Clean Air Metals Inc.)

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce results from an independent Preliminary Economic Assessment (PEA) that was completed for its Thunder Bay North Platinum Group Element (PGE) – Copper (Cu) – Nickel (Ni) Project (“Thunder Bay North” or the “Project”) near Thunder Bay, Ontario, Canada. The PEA was prepared by Nordmin Engineering Ltd. (“Nordmin”) of Thunder Bay, Ontario, and includes a new stand-alone milling complex and waste storage facility (WSF) with mill feed from both the Current deposit and the Escape deposit, part of the Thunder Bay North Project Mineral Resource Estimate as amended, that was completed by Nordmin (see press release dated January 20, 2021). All amounts are in CAD dollars, unless otherwise stated. Summary results of the PEA are shown below in Table 1. read more

GCM Mining Announces Updated Mineral Resource Estimate and Positive Preliminary Economic Assessment for Its Toroparu Project in Guyana

Updated Mineral Resource Estimate of 8.4 Mozs Measured and Indicated Gold Resource at 1.42 g/t and 396 Mlbs Measured and Indicated Copper Resource at 0.1% in 185 million tonnes of rock Preliminary Economic Assessment estimates: 280,000 ozs of gold production in the first year of operation in 2024; 5.4 Mozs of gold, 2.5 Mozs of silver and 141.3 Mlbs of copper produced over a 24-year mine life; US$8.0 billion total revenue, US$3.5 billion operating margin and US$1.7 billion after-tax Free Cash Flow at a US$1,500/oz gold price; and, After-tax net present value (5%) of US$794 million with an after-tax IRR of 46% and two-year payback. Initial US$355 Million capex to construct the Toroparu Project is fully funded.
MotherlodeTV

GCM Mining Corp. (the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has completed an updated Mineral Resource estimate for its Toroparu Project in Guyana with an effective date of November 1, 2021 and in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). GCM Mining also announced today that Nordmin Engineering Ltd. (“Nordmin”) and SRK Consulting (U.S.), Inc. (“SRK”) have completed preliminary results of a Preliminary Economic Assessment (“PEA”) for the Toroparu Project effective November 26, 2021 and is currently finalizing the technical report to be prepared in accordance with NI 43-101 and filed on SEDAR and the Company’s website in mid-January 2022. read more

Tocvan Announces Start of Exploration at Pilar and Updates on Financing

MotherlodeTV
CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (WKN:TV3/A2PE64) (“Tocvan” or the “Company”) is pleased to announce that it has closed a first tranche of its previously announced
non-brokered private placement of units (“Units”) for gross proceeds of $471,225.00 (the “Offering”).  The Offering consisted of the issuance of an aggregate of 471,225 Units at a price of $1.00 per Unit.  Each Unit consists of one common share (“Common Share”) in the capital of the Company and one-half common share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $1.50, for a period of 24 months from the closing of the Offering. read more