Defense Metals Variability Flotation Tests Yield High Rare Earth Recoveries to High Grade Concentrates

Defence Metals
Figure 1. Wicheeda REE Deposit Lithologies During Mine Life (CNW Group/Defense Metals Corp.)

Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) announces the completion of flotation tests on variability samples and a master composite (“Master Composite” or “MC”) prepared from drill core obtained from its 100% owned Wicheeda Rare Earth Element (REE) deposit located in British Columbia, Canada. read more

Millennial Potash Corp. Accelerating Development of High-Grade, Drill-Proven Acquisition with Seasoned Development Team

Millennium Potash

Millennial Potash Corp. (OTC PINK: BMGCF) (TSXV: MLP) (FSEX0D) has entered the almost $30 billion global potash industry after acquiring the Banio Potash Project (Banio) in Gabon, West Africa.  It’s a shallow, high-grade, and drill-proven multi-billion tonne potash target previously owned by Equatorial Potash that will now see its development accelerated.  Millennial Potash, formerly Black Mountain Gold USA Corp., may have a familiar ring to it and its management team may be familiar to many investors in the mining industry as well.  If you were part of the $490-million buyout of Millennial Lithium by Lithium Americas where early investors realized +1,300% returns, then you’ll recognize the Millennial name and Millennial Potash’s seasoned M&A and mining development professionals. read more

Eloro Resources Outlines an Extensive IP Conductivity Anomaly on the Casiterita property adjacent to the Iska Iska Silver-Tin Polymetallic Project, Southern Bolivia

Magnetic data strongly suggest that a large intrusive body lies below the Iska Iska Caldera Complex and that it is nearer to surface on the Casiterita property. This intrusive is approximately 5km long by 3 km wide. Diamond drilling and geophysical surveys are in progress to test for a potential major tin porphyry south of Iska Iska and on the adjacent Casiterita property.
V.ELO, Eloro Resources, Peru, gold, Tom Larsen
Figure 1

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce results of additional modeling of ground magnetic data and completion of an initial Induced Polarization/Resistivity survey (“IP/Res”) on the Casiterita property adjoining the Iska Iska Silver-Tin Polymetallic property (“Iska Iska”) to the southwest. These new data, combined with previous magnetic modeling and borehole IP/Res surveys (“BHIP”) on Iska Iska, have significantly enhanced the understanding of the overall geological environment on both properties and outlined major new targets for exploration on the optioned Casiterita property (see Eloro’s news release dated November 22, 2022). read more

NexGen Announces Expanded 2023 Exploration Program

T.NXE, NexGen, uranium
Figure 1: 2023 drill target areas (highlighted blue) across prospective corridors on the western half of NexGen’s SW2 property. (CNW Group/NexGen Energy Ltd.)

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the commencement of an expanded 2023 exploration program designed to follow-up positive results from the 2022 exploration drill program and to test prospective areas that have been highlighted by detailed 2022 geophysical surveys. Additionally, NexGen has planned a substantial geophysical program in 2023 for drill target generation across high priority areas of NexGen’s mineral tenure (SW1, SW2 and SW3) in the southwest Athabasca Basin, Saskatchewan. The geophysical program includes cosmic ray muon tomography initiated in 2022 on the Patterson Corridor at NexGen’s 100% owned Rook I property as part of Ideon Technologies’ early access program for first implementation of innovative muon detecting instrumentation in boreholes. read more

Defense Metals Engages SRK to Start Pre-Feasibility Level Site Geotechnical Investigations & Appoints Project Development Coordinator for Wicheeda Rare Earth Element Project

Defence Metals

Defense Metals Corp. (“Defense Metals” or the “Company“; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce it has engaged SRK Consulting (Canada) Inc. (“SRK”) to commence site geotechnical investigations at its wholly owned Wicheeda Rare Earth Element (REE) Project during 2023. The Company is also pleased to announce the appointment of Mr. Kevin Weston as Wicheeda REE Project Development Coordinator. read more

Grid Metals Corp Announces Strong Second Wave of Results From the Main Dyke Lithium Drilling

Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Wednesday, February 1, 2023, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today reported results from an additional five (5) holes at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba. The holes are part of an ongoing resource delineation drilling program at the Main Dyke. All delineation holes from the current campaign have intercepted significant, high grade lithium values in the Main Dyke and, locally, in at least three proximal sub-parallel dykes that were not previously known. Donner Lake is currently a 75% / 25% joint venture with Lithium Royalty Corp. Grid has an MOU in place with Tantalum Mining Corporation of Canada Limited focused on creating a toll milling operation to process spodumene-bearing pegmatites from Grid’s Donner Lake Property. read more

Millennial Potash Corp. Announces Mr. Jason Wilkinson as Chief Executive Officer to Lead Banio Potash Project

Millennium Potash
info

Millennial Potash Corp. (TSXV: MLP) (“MLP” or the “Company”) (formerly Black Mountain Gold USA Corp.) is pleased to announce that it has engaged Jason Wilkinson, M.Sc., as Chief Executive Officer (CEO) to lead the Company’s efforts at its newly acquired Banio Potash Project in Gabon effective Feb. 1, 2023. Current CEO Graham Harris will remain with MLP as Director and Senior Vice President-Capital Markets. read more

Eloro Resources’ drill hole DHK-27 intersects 202.43g Ag eq/t (69.80g Ag/t, 1.21% Zn, 0.49% Pb, and 0.12%Sn) over 325.48m including a higher-grade portion of 395.98 g Ag eq/t (182.02g Ag/t, 1.73% Zn, 0.97% Pb, 0.18% Cu and 0.19%Sn) over 109.60m in the High-Grade Zone, Santa Barbara Deposit at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

The silver grades in DHK-27 are the highest and most extensive yet intersected in the Santa Barbara deposit. 50% of this 860m long hole, drilled from Huayra Kasa due west at -45 degrees, returned reportable intersections averaging 172.09 g Ag eq/t. Holes DHK-26, DHK-28, DHK-29, DHK-30 and DSB-42, which returned multiple intersections, are additional holes collared in the Huayra Kasa area that tested the eastern margin of the High-Grade Zone at Santa Barbara. Highlights include: 222.51g Ag eq/t (28.44g Ag/t, 3.11% Zn and 0.26% Pb) over 53.90m and 99.76 g Ag eq/t (32.59g Ag/t, 0.11 g Au/t and 0.54% Zn) over 82.38m (DHK-26). 79.22g Ag eq/t (26.62g Ag/t, 0.35% Zn and 0.35% Pb) over 141.56m including 162.77g Ag eq/t (67.00g Ag/t, 0.55% Zn and 1.30% Pb) over 23.85m (DHK-28). 176.28g Ag eq/t (19.10g Ag/t, 2.29% Zn and 0.27% Pb) over 21.30m and 82.48g Ag eq/t (5.07g Ag/t, 0.21 g Au/t, 0.78% Zn and 0.18% Pb) over 69.18m (DHK-29). 130.69g Ag eq/t (7.19g Ag/t, 1.83% Zn and 0.48% Pb) over 42.17m and 129.98g Ag eq/t (19.71g Ag/t, 1.50% Zn and 0.57% Pb) over 72.31m including a higher-grade portion of 208.42g Ag eq/t (33.10g Ag/t, 2.37% Zn and 1.00% Pb) over 34.64m (DSB-42). Channel sampling of the Mina1 and Mina2 underground workings in the southern part of the property approximately 2km south-southeast of the Santa Barbara adit, returned significant values in vein breccias as follows: 153.94g Ag eq/t (55.03g Ag/t, 0.11 g Au/t, 0.7% Zn, 0.16% Pb and 0.08 % Sn) over 145.95m of the northwest trending drift including a higher-grade portion of 285.16g Ag eq/t (120.18g Ag/t, 0.25 g Au/t 1.23% Zn, 0.30% Pb and 0.13% Sn) over 56.34m in Mina 1. 382.79g Ag eq/t (15.67g Ag/t, 1.70 g Au/t, 2.20% Zn and 0.75% Pb) over 68.53m in an east-west trending crosscut in Mina 2. A second shorter crosscut on a secondary subparallel structure approximately 20m to the south returned 475.78g Ag eq/t (69.31g Ag/t, 0.26 g Au/t, 5.62% Zn and 1.92% Pb) over 26.67m in Mina 2. Drilling across the valley of the Iska Iska Caldera indicates that this area is underlain by a coarse-grained porphyritic dacitic intrusion that is well mineralized with Ag, Zn and Pb and is the likely source of the extensive epithermal mineralization in the Santa Barbara and Central Breccia areas. The porphyry, now named the Iska Iska Porphyry, is approximately 800m by 600m and is notable for the absence of tin mineralization despite the abundance of tin in the nearby area. The tin at Iska Iska is likely the product of an earlier higher temperature and deeper tin porphyry, which has been overprinted by the later higher-level porphyry-epithermal Ag-Zn-Pb mineralization related to the Iska Iska Porphyry. The definition drilling has more than doubled the volume of the High-Grade Zone defined by the >90 g Ag eq/t grade shell model to approximately 1,000m along strike, 800m wide and extending to a depth of 1,100m. This zone is open to the south, west and northwest as well as at depth. Eloro is working closely with Micon International to provide all data necessary for estimation of the inaugural mineral resource estimate targeted for the end of Q1 2023. Magnetic inverse modelling and limited deep drilling suggest that the major tin porphyry is likely below the Iska Iska Porphyry and to the south and southwest in the Porco and Mina Casiterita areas. The tin porphyry will be a major focus of exploration in 2023.
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Geological Plan Map showing Drilling in Santa Barbara Area with Holes referred to in this release highlighted

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from eight (8) additional diamond drill holes from its definition drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole DHK-27 was drilled from Huayra Kasa due west at -45 degrees to a length of 860m to fill-in gaps in previous drilling of the High-Grade Zone. Five (5) additional holes (DHK-26. DHK-28, DHK-29, DHK-30 and DSB-42) were drilled to the southwest from the Huayra Kasa area to test the eastern margin of the Santa Barbara deposit. Hole DSB-43 was drilled on southwest side of Santa Barbara and hole DSB-46 tested the potential south-southeastern extension. read more