Category: featured_news

Grid Metals Corp. Signs Pre-Production MOU with Tanco Lithium Mine

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Monday, October 17, 2022, Press release picture

Grid Metals Corp. (the “Company“)(TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce that it has entered into a Memorandum of Understanding (“the Agreement”) with Tantalum Mining Corporation of Canada Limited (“Tanco”) for the forthcoming metallurgical tests on lithium spodumene ore from Grid’s Donner Lake Lithium Property at the Tanco Mine which is located at Bernic Lake in southeastern Manitoba, which will serve as basis for further collaboration. The Tanco Mine is currently the only North American based producer of lithium spodumene concentrate. The Donner Lake Lithium Property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp. (“LRC”). read more

GR Silver Mining Extends SE Area Silver Discovery with New Wide Intersection of 123.1 m at 112 g/t Ag, including 13.1 m at 289 g/t Ag and 0.4 m at 4,680 g/t Ag

MotherlodeTV
V.GRSL, GR Silver Mining, silver, gold, Mexico

Figure 1: Location of 2022 Drill Holes - Southeast Area and San Marcial Resource Area (CNW Group/GR Silver Mining Ltd.)

Figure 1: Location of 2022 Drill Holes – Southeast Area and San Marcial Resource Area (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce successful follow up drilling lateral to the new high-grade Southeast Area (“SE Area”) silver (Ag) discovery, at the Company’s wholly-owned Plomosas Project, in Sinaloa, Mexico. Surface drill hole SMS22-16 intersected mineralization similar to the previously announced SMS22-10 discovery in the SE Area, on a 90 m step out drilling program, where multiple high-grade intervals are hosted in a wide zone with a predominance of Ag-rich hydrothermal breccias and stockworks, to the SE of the San Marcial Resource Area. read more

Tocvan Announces Start of Operating Season

MotherlodeTV
CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce preparations are underway for its maiden drill program at the El Picacho gold-silver Project in Sonora, Mexico. After a longer than expected wet season due to adverse weather conditions in the region, the Company is now set to start its operating season with drilling at Picacho. Operations are expected to continue through to June of 2023, as the Company evaluates the potential of several target areas at Picacho and continues to explore, drill and advance its Pilar project also in Sonora. Figure 1, highlights the key target areas across Picacho’s western half, including Tortuga, San Ramon (see news release September 13, 2022), Murcielago (see news release July 6, 2022), Virgen Maria and Jabali. All targets have artisanal workings with high-grade gold-silver mineralization, the Company is targeting the high-grade along with the untested potential for broader low-grade zones. It should be noted that no comprehensive modern exploration has been conducted between the target areas and the Company believes there is significant evidence to suggest other target areas can be identified across the 24 km2 area that makes up the El Picacho Project. read more

Eloro Resources Intersects 198.00 g Ag eq/t (67.79 g Ag/t, 1.44% Zn and 1.04% Pb) over 134.47m in Silver-Rich Area of High-Grade Feeder Zone in Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

This intersection in hole DSB-31, drilled 200m southeast of the Santa Barbara adit, includes a higher-grade portion grading 566.36 g Ag eq/t (246.26 g Ag/t, 3.72% Zn and 3.88% Pb) over 25.51m. Additional significant intersections in this hole include: 161.54 g Ag eq/t (32.14 g Ag/t, 1.94% Zn and 0.76% Pb) over 82.12m, 123.24 g Ag eq/t (9.23 g Ag/t, 1.44% Zn, 0.26% Pb and 0.07% Sn) over 62.23m, and 126.21 g Ag eq/t (6.05 g Ag/t, 1.58% Zn and 0.52% Pb) over 81.12m Overall, 51% of the overall length of this 987.99m long hole yielded reportable intersections, which collectively average 139.44 g Ag eq/t. The high-grade silver zone intersected in hole DSB-31 appears to be in the same structural-mineralized corridor as the silver-rich zone in the Santa Barbara adit. As previously reported channel sampling along the adit returned 441.98 g Ag eq/t (164.96 g Ag/t, 0.23 g Au/t, 3.46% Pb and 0.46% Sn) over 165.89m. Adjusted to prices used in this current release, the overall Ag eq/t value is 493.61 g Ag eq/t. Hole DSB-33 drilled at an azimuth of 2250 with a dip of -600 to test the southwest limit of the high-grade feeder zone in the vicinity of the Central Breccia intersected 18 reportable intersections including a very high tin intersection grading 1.41% Sn over 21.25m which included a 9.04m section that graded 3.08% Sn. A total of 26% of this hole contained reportable intersections which collectively averaged 123.39 g Ag eq/t.
MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

 Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. One drill hole, DSB-31, tested the potential south-southeastern extension of the high-grade feeder zone at Santa Barbara while the second hole, DSB-33, tested the southwest limit of the zone in the vicinity of the Central Breccia, as shown in Figure 1. read more

Eloro Resources Amends Payment Schedule for Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that, by mutual agreement with Empresa Minera Villegas S.R.L. (“Minera Villegas”), the title holder of the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia (“Iska Iska”), the payment schedule in connection with the US$10 million payment required for Eloro to earn a 99% interest in Iska Iska has been amended. read more

Grid Metals Completes Fully Subscribed $8.52 Million Financing

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V

Grid Metals Corp. (the “ Company “) (TSXV:GRDM)(OTCQB:MSMGF ) is pleased to announce completion of a private placement of securities (the “Offering”) originally announced on August 22, 2022. The Company issued a total of 56 million common shares of the company including 20 million shares by way of a charitable flow through offering which were priced at $0.21 per share. The total gross proceeds of the Offering were $8,520,000. The second tranche of the financing consisted of the issuance of 36,000,000 common shares of the Company issued at $0.12 per share. All shares issued under the Offering are subject to a voluntary one year hold period. Churchill Strategic Investments Group Pty Ltd of Perth Australia was an investor and also acted as the lead manager for the Offering. read more

Eloro Resources Intersects 150.47 g Ag eq/t (9.45 g Ag/t, 1.53% Zn, 0.88% Pb and 0.07% Sn) over 441.21m in High-Grade Feeder Zone in Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
  • This intersection in hole DSB-30 includes a higher-grade portion grading 209.30 g Ag eq/t (10.06 g Ag/t, 2.76% Zn, 0.98% Pb and 0.07% Sn) over 102.30m. This hole has the longest continuously mineralized intersection obtained in drilling thus far.
  • Hole DSB-32, drilled on-section to the southeast with hole DSB-30 intersected 185.94 g Ag eq/t (44.55 g Ag/t, 0.57% Pb, 0.14% Cu and 0.25% Sn) over 135.15m including a higher-grade section of 277.34 g Ag eq/t (78.12 g Ag/t, 0.09 g Au/t, 1.01% Pb, 0.27% Cu and 0.33% Sn) over 66.04m.
  • Hole DSB-29 returned 108.31 g Ag eq/t (14.31 g Ag/t, 0.81% Zn and 0.40% Pb) over 110.40m and hole DSB-28 returned 98.98 g Ag eq/t (4.41 g Ag/t, 1.16% Zn and 0.49% Pb) over 96.51m; all holes testing the high-grade feeder zone.
  • Final underground hole DSBU-11 from the Santa Barbara adit intersected 96.24 g Ag eq/t (14.93 g Ag/t, 0.44% Zn and 0.68% Pb) over 128.33m and 85.85 g Ag eq/t (15.76 g Ag/t, 0.55% Zn, 0.13% Pb and 0.08%Sn) over 174.76m. Hole DSBU-09 intersected 136.48 g Ag eq/t (7.20 g Ag/t, 0.14 g Au/t, 2.47% Zn and 0.63% Pb) over 72.33m and 138.75 g Ag eq/t (13.05 g Ag/t, 0.11 g Au/t, 1.66% Zn and 0.42% Pb) over 72.20m.
  • New downhole geophysical data have significantly extended the strike length of the high-grade feeder zone at Santa Barbara a further 250m along strike to the south-southeast from existing drilling.
  • The 3D inverse magnetic model which correlates very strongly with the conductive zone suggests that the high-grade feeder zone may extend across the entire caldera for as much as a further 1 km along strike for a total potential strike length of at least 2 km. Drilling in the Porco area intersected significant values over short intervals on the edge of this conductive zone.
  • The definition drill program has now been modified to sectionally drill this potential extension with the intention of defining a major open pittable deposit in the valley of the caldera. As a result, the estimated completion date for the maiden National Instrument 43-101 mineral resource has been pushed back to the end of Q1 2023.

TORONTO, Sept. 20, 2022 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from twenty-one (21) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Five (5) surface holes (DSB-28 to DSB-30, DSB-32 and DHK-25) tested the high-grade feeder zone in Santa Barbara which was also tested by two (2) underground holes (DSBU-09 and DSBU-011). Six (6) holes (DSB-16 to DSB-19, DSB-23 and DSB-27) tested the northwest extension of Santa Barbara. Eight (8) holes (DPC-04 to DPC-08 and DPC-10 to DPC-12) are reported for the Porco area. Five surface drills are focused on completing drilling in the Santa Barbara Resource Definition Drilling Area and its extension to the south-southeast. This press release also outlines a major update on the geophysical surveys which have greatly expanded the higher-grade feeder area target zone to the south-southeast. read more

Tocvan Announces Attendance at Discoveries Conference and Filing of Warrant Extension

JayCurrie
CSE:TOC, TocVan Ventures, gold, mexico

Calgary, Alberta – TheNewswire – September 16, 2022 – Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3) is pleased to announce it will be presenting at the Discoveries Mining Conference in Hermosillo, Sonora, Mexico on October 5th. This is the 8th addition of the conference that showcases Mining and Exploration companies of Mexico. The conference is held October 4th to 6th. Tocvan will have a booth for the duration of the event (Booth #173) and President & CEO, Brodie Sutherland will be presenting on the Company’s two gold-silver assets in Sonora. For more information on the conference visit: 2022 | Discoveries Mining Conference (discoveriesconference.com) read more

Grid Metals Corp Closes $4.92 Million First Tranche of $8.52 Million Strategic Financing

JayCurrie
Nickel, Manitoba, Grid Metals, GRDM.V

TORONTO, ON / ACCESSWIRE / September 19, 2022 / GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has closed a $4,920,000 first tranche (the “First Tranche”) of its previously announced non-brokered private placement of 56 million shares for gross proceeds of $8,520,000 ( the “Offering”). Churchill Strategic Investments Pty Ltd is acting as Lead Manager of the Offering. read more