Category: featured_news

Golden Predator Continues to Expand Gold Zones at 3 Aces Project

MotherlodeTV
Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports the results of 42 Reverse Circulation (RC) drill holes completed in 2017 at the 3 Aces Project in southeastern Yukon. Initial drilling is reported from the Diamonds Zone along with the Hearts/Clubs Corridor.  All areas encountered encouraging results and will see continued drilling in 2018.  The final 43 RC holes completed in 2017 will be reported separately. read more

MGX Minerals Announces Major Advancement in Mass Storage Battery Technology; Solves Zinc Dendrite Formation Limitation

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to announce wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has solved the long standing reliability issue caused by the growth of zinc dendrites in zinc-air flow batteries. The problem occurs when filaments of zinc (dendrites) grow in unintended areas and may cause membrane ruptures or short circuits to occur. The ZincNyx system is immune to this effect since it uses zinc dendrites as fuel and consumes them as part of its normal operation. Avoidance of dendrite damage is the single most significant hurdle in development and commercialization of zinc-air flow battery systems. Phase II design and testing has been completed and final commercial design is now underway for mass production of its scalable 20kWh capacity zinc-air mass storage battery. read more

Marathon Gold Files 43-101 Technical Report for Updated Resources at the Valentine Lake Gold Camp:

1,846,500 ounces M&I at 1.88 g/t gold and 1,011,700 ounces Inferred at 1.66 g/t gold
MotherlodeTV
T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) today announced that it has made the regulatory filing of the report entitled “Technical Report on the Mineral Resource Estimate of the Valentine Lake Project.”  The updated resource was announced on November 30, 2017 and completed under the direction of John T. Boyd Company. The company has also resumed drilling at the Valentine Lake Gold Camp. read more

MGX Minerals Increases Ownership in Cleantech Engineering Partner PurLucid Treatment Solutions; Low Cost Nanofiltration Lithium Extraction System Nearing Deployment

JayCurrie
CSE:XMG, MGX Minerals, lithium,

VANCOUVER, BRITISH COLUMBIA / TheNewswire / January 4, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the Company has increased its ownership in engineering partner PurLucid Treatment Solutions (“PurLucid”) from 34% to 46% by investment of C$1.45M. The Company maintains the right to acquire 100% of PurLucid through successive future investments. read more

Argentina Lithium Provides Update on Non-Brokered Private Placement

JayCurrie
Argentina Lithium, V.LIT

VANCOUVER, British Columbia, Jan. 03, 2018 (GLOBE NEWSWIRE) — Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF), “Argentina Lithium” or the “Company”) is pleased to provide an update with respect to the completion of its private placement (the “Private Placement”).  This Private Placement was announced November 21, 2017 and completion of the 1st Tranche was announced on December 21, 2017. The Company anticipates closing the 2nd and final Tranche during the week of January 15, 2018. read more

Rye Patch Gold Completes 2017 Principal Repayments on its Credit Facility

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

VANCOUVER, Jan. 3, 2018 /CNW/ – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that in December, 2017, the Company completed its US$4.0 million principal repayment and paid US$609,000 in interest pursuant to its credit agreement with Macquarie Bank Limited. An aggregate of US$5.1 million in principal repayments was made in 2017, reducing the outstanding principal balance to US$21.8 million. The credit facility was used in the construction and re-start of the Company’s flagship Florida Canyon mine in Pershing County, Nevada. read more

3D Seismic Geophysics at Paradox Basin, Utah Petrolithium Project

JayCurrie
CSE:XMG, MGX Minerals, lithium,

January 2, 2018 – MGX Minerals Inc.(“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that the site survey, in preparation for 3D seismic geophysics, at the Company’s Paradox Basin Petrolithium Project, has been completed. The site survey covers the Company’s Blueberry Unit within its Utah Petrolithium portfolio (the “Project”). The survey includes approximately 9,000 source points. The purpose of the geophysical survey is to outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations. read more