First Mining Files Technical Report for the Positive Pre-Feasibility Study on the Springpole Gold Project, Ontario, Canada
Pre-Tax NPV5% of US$1.5 billion, Pre-Tax IRR of 36%
After-Tax NPV5% of US$995 million, After-Tax IRR of 29%
Author: MotherlodeTV
Tocvan Announces Amended Private Placement
Tocvan Ventures Corp. (“Tocvan” or the “Company”) (TOC:CSE) (CNSX:TOC.CN) announces that its previously disclosed non-brokered private placement announced on January 28, 2021 has been amended from U.S. to CDN. dollars and will now consist of the issuance of up to 2,500,000 units (the “Units”) at CDN$0.60 per Unit, for gross proceeds of up to CDN$1,500,000
(the “Offering”). Each Unit is comprised of one common share of the Company (“Share”) and one share purchase warrant
(“Warrant”). Each Warrant will entitle the holder to acquire one additional Share in the capital of the Company at a price of CDN$0.75 for a period of 18 months from the date the Units are issued, subject to the accelerated expiry provision described below. The Company may pay finder fees and finder warrants to eligible finders.
Stratabound Reports More Drill Results on Golden Culvert, Yukon Territory
- Drilling extends mineralization to 730m strike below-surface within 970m of strike indicated through surface trenching.
- Deepest intersection to date of 4.83 g/t Au/1.5m down-hole at 225m below surface in hole GC20-02.
- First of seven in-fill definition drill holes yields up to 5.80 g/t Au over 0.7m.
- Four parallel gold-mineralized structures are intercepted in hole GC20-10.
Stratabound Minerals Corp. (TSXV: SB) (OTC Pink: SBMIF) (“Stratabound” or the “Company”) reports more assay results on diamond drilling completed at its flagship Golden Culvert Project in the southeastern Yukon Territory.
GR Silver Mining Drills High-Grade Near Surface Mineralization in the San Juan Area at Plomosas:
5.7 m @ 611 g/t Ag, 0.5 % Pb and 1.7 % Zn (685 g/t AgEq1), including
1.7 m @ 1,762 g/t Ag, 1.3 % Pb and 4.9 % Zn (1,967 g/t AgEq), and including
0.7 m @ 3,755 g/t Ag, 2.5 % Pb and 9.7 % Zn (4,145 g/t AgEq)
Tocvan Provides Update on Exploration at Pilar Gold-Silver Project Sonora, Mexico
Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to provide an update on exploration at its flagship Pilar Gold-Silver Project. Work completed to date includes detailed mapping and sampling of key targets across the Project Area (Figure 1). The aim of the program is to advance key targets to drill ready status for a Phase II drill program. 150 rock chip samples have been collected to date, covering 60% of the property. Work will continue for the next two weeks followed by final planning for the next phase of drilling.
Eloro Resources Announces Upsize to Previously Announced Bought Deal Financing to C$21.75 Million
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering to C$21.75 million (the “Upsized Offering”).
Newlox Gold’s Local Partners Prepare For Mercury-Free Gold and Silver Production
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Clean Air Metals Provides a Corporate Update Including 40,000m of Drilling at Thunder Bay North Project and Virtual Core Shack at PDAC
Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce the commencement of a 40,000m diamond drill program at the Thunder Bay North Project.
Eloro Resources Announces C$12,900,000 Bought Deal Financing
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. to act as co-lead underwriter and sole bookrunner, and Cormark Securities Inc. to act as co-lead underwriter (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 3,440,000 units (the “Units”) at a price of C$3.75 per Unit (the “Issue Price”) for gross proceeds to the Company of C$12,900,000 (the “Offering”).
Gran Colombia Gold Announces Participation in Red Cloud’s 2021 Pre-PDAC Mining Showcase
Gran Colombia Gold (TSX: GCM) is pleased to announce that the company will be presenting at Red Cloud’s 2021 Pre-PDAC Mining Showcase. We invite our shareholders and all interested parties to join us there.