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Canadian Orebodies Inc. (the “Company”) (TSX Venture:CORE) is pleased to announce results from the Company’s fall 2017 Black Raven prospecting program and the discovery of multiple high grade gold bearing vein structures that represent a significant new discovery in the Hemlo camp.
AbraPlata Resource Corp. (“AbraPlata” or the “Company”) (TSX-V:ABRA) (OTC:ABBRF) (Frankfurt:1AH) is pleased to announce that the Preliminary Economic Assessment (“PEA”) of the Diablillos Ag-Au project is nearing completion and the Company expects to announce the results by the end of February 2018. The Company is also pleased to report that the contractual anti-dilution right (the “Anti-Dilution Right”) held by SSR Mining Inc. (formerly Silver Standard Resources Inc.) (“SSR Mining”) under the second amended and restated share purchase agreement dated March 21, 2017 (the “SSR Agreement”), which entitled SSR Mining to maintain a free carried 19.9% equity interest in the Company has now expired.
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has commenced its 2018 exploration program on the Donalda – Quemont East target. An initial program of 20 holes for a total of 20,000 metres is planned to be completed.
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to report that it has completed two significant consolidations of lands, projects and mineral tenures, to establish the Margaux Sheep Creek Gold District, and the Margaux Kootenay Arc Zinc District (collectively the “Districts”).
Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) is pleased to announce that it has entered into a letter of intent (“LOI”) whereby the Company can acquire 100% of the issued and outstanding shares of CTTR Gold Pty Ltd (“CTTR”), an Australian proprietary limited exploration company. CTTR is a newly formed company, incorporated at the end of October 2017 that holds applications to nine tenenment licenses for a strategic mineral property group (the “Property”) in the Pilbara Region of Western Australia. The 492 km2 Property is an advanced gold project portfolio which consists of conglomerate gold targets within the Witwatersrand Basin age-equivalent Mallina Basin.
– Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra“) is pleased to announce that it has closed its previously announced brokered private placement for gross proceeds of $21,495,000 (the “Offering“). Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and PI Financial Corp. (collectively, the “Agents“).
Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) announced today that its technical team has completed an assessment of data from the Sprogge property, acquired late last year. The Sprogge property occupies the southernmost extent of the Company’s 100%-owned 3 Aces Project. Golden Predator has concluded that the numerous high-grade gold showings at Sprogge conform well to the geologic model for 3 Aces which has emerged from the 2017 exploration program and confirms a multi-kilometer-long district-scale exploration opportunity to be drilled this year.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce the Company has chosen to proceed with its previously announced partnership with Highbury Energy Inc. (“Highbury”) to develop a detailed thermochemical gasification process to extract metals such as nickel, vanadium, cobalt and hydrogen from petroleum coke (“Petcoke”).
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has completed a 30-hole, 3,000 metre diamond drill program on the Northeast Dyke at its Case Lake Property near Cochrane, Ontario. Drilling successfully intersected multiple course-grain pale green spodumene zones at shallow depths and over good intervals (see Figure 1). All drill core has been shipped to SGS Canada Inc. for assay.
