Category: featured_news

GCM Mining Reports Second Quarter and First Half 2022 Production; Declares August 15, 2022 Monthly Dividend

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 16,370 ounces of gold in June 2022 at its Segovia Operations bringing the total for the second quarter of 2022 to 53,198 ounces compared with 52,198 ounces from Segovia in the second quarter of 2021. In the second quarter of 2022, the Company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead. read more

Canadian Nuclear Safety Commission Approves NexGen Draft EIS to Proceed to Technical Review

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T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that on July 12, 2022, the Canadian Nuclear Safety Commission (“CNSC”) announced their acceptance of the draft Environmental Impact Statement (the “EIS”) which the Company completed submission of in June 2022 (see News Release dated June 21, 2022). The acceptance of the draft EIS for NexGen’s 100% owned Rook I Project (“Rook I” or the “Project”) located in Saskatchewan’s southwestern Athabasca Basin follows a 30-day period during which the CNSC conducted a conformance review of the draft EIS submission and confirmed no comments or conditions.  Further, the acceptance marks the formal commencement of the 90-day period during which the CNSC will coordinate both the Federal technical and public review of the draft EIS. read more

GR Silver Mining Releases High-grade Silver Results from San Marcial Resource Expansion Drilling Program – 15.4 m at 547 g/t Ag, including 2.0 m at 1,179 g/t Ag

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Figure 1: San Marcial Longitudinal Section – Drilled Pierce Points with Grade x Thickness (CNW Group/GR Silver Mining Ltd.)
Figure 1: San Marcial Longitudinal Section – Drilled Pierce Points with Grade x Thickness (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces first assay results from the 2022 resource expansion drill program at the San Marcial Area in Sinaloa, Mexico. The high-grade silver (“Ag”) results demonstrate the potential for resource expansion both near-surface and at depth at the San Marcial Area. The 23 released drill holes targeted delineation of near-surface high-grade zones, as well as the lateral continuation of mineralization along the prospective contact between the upper andesitic “block and ash” unit and lower volcano-sedimentary units. This contact commonly hosts the San Marcial Area Ag mineralization (Figure 1). Results from the remaining drill hole of the 2021 program, which targeted NW strike extensions of the mineralized hydrothermal breccia, are also reported in this news release. read more

Tocvan Releases El Picacho Surface Results Identifying Undrilled Au-Ag Target Zone Over 450-meter Trend Highlighted By: 7.2 g/t Au and 36 g/t Ag; 4.5 g/t Au and 197 g/t Ag; and 3.3 g/t Au and 67 g/t Ag.

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce surface sample results from its El Picacho Au-Ag Project in Sonora, Mexico. A surface exploration program has been ongoing since April. At the Murcielago Prospect, a total of 65 samples were collected with 14 samples returning values greater than 0.1 g/t Au (Table 1). Sampling defined a new target area yet to be drilled. The Murcielago Prospect has been confirmed and expanded with Au-Ag values (7.2 g/t Au and 36 g/t Ag) hosted within a brecciated dolomitic limestone unit along a 450-meter west-southwest trend. Significant lead and zinc mineralization is noted to occur along with gold and silver within the prospect area (4.5 g/t Au, 197 g/t Ag, 4.8% Pb and 7.1% Zn). Murcielago Prospect is the only mineral occurrence on the El Picacho property identified to date hosted within Jurassic aged sedimentary rocks. Historic artisanal workings are present following high-grade mineralization from surface in shafts (Plate 1). read more

Tocvan Closes $5.125 Million Private Placement with Institutional Investor

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF) (WKN:TV3/A2PE64), is pleased to announce the closing of a private placement to an institutional investor (the “Placement”) to raise an aggregate amount of $5.125 million (CAD). The proceeds from the Placement will be deposited with a third-party escrow agent (the “Escrow Agent”) and delivered to the Corporation in monthly tranches over the next 24 months pursuant to the terms and conditions of a Sharing Agreement (as defined below) and an escrow agreement dated June 28, 2022 between the Corporation, Sorbie Bornholm LP, and Orrick, Herrington & Sutcliffe (UK) LLP (the “Escrow Agreement”). The funds will go towards the advancement of the Pilar and El Picacho Au-Ag projects in Sonora, Mexico and for general working capital purposes. read more

GCM Mining Announces Multiple High-Grade Drill Results from the 2022 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations

Continuation of significant high-grade intercepts at the producing Sandra K and El Silencio mines Success continues in our brownfield drilling campaign on the La Guarida-Cristales Vein System including 48.45 g/t Au and 34.2 g/t Ag over 0.47 meters
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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM; OTCQX: TPRFF) announced today multiple high-grade intercepts from the latest 32 diamond drill holes, totaling 8,299 meters, from the 2022 in-mine and near-mine drilling programs, as well as a further 28 diamond drill holes, totaling 7,735 meters, from the 2022 brownfield drilling programs at its Segovia Operations, Colombia. The Company also announced the assay results from one additional kick-off diamond drill hole, totaling 748 meters, from the ongoing directional drilling program on the El Silencio Deep Zone. read more

Tocvan Restarts Drilling at Pilar, Targeting Priority Areas for Expansion. Outlines Path Forward for Sonora Projects

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC); (OTC:TCVNF); (FSE:TV3), is pleased to announce drilling has recommenced at its Pilar Au-Ag Project in Sonora, Mexico. As a continuation of Phase III, drilling will focus on priority exploration targets across the property. Targeting parallel trends and trend extensions will remain a focus as the Company looks to rapidly define the extent of mineralization at Pilar. Recent reconnaissance drilling in a 200-meter gap between the Main Zone and 4-T Trend was successful in defining a new parallel trend (JES-22-63 returned 54.9-meters at 0.3 g/t Au and 5 g/t Ag from 6.1-meters depth). Another 200-meters to the east, surface exploration returned chip samples of 6.6 g/t Au and 433 g/t Ag defining an untested extension of the 4-T Trend, both of these targets will be tested during this stage of drilling. read more

GR Silver Mining Discovers High-grade Shallow Precious Metals Mineralization at the Plomosas Project

Including 5.2 m at 4.52 g/t Au and 56 g/t Ag and 0.5 m at 30.09 g/t Au and 76 g/t Ag
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Figure 1: Location of New Vein System Discoveries – Plomosas Project (CNW Group/GR Silver Mining Ltd.)
Figure 1: Location of New Vein System Discoveries – Plomosas Project (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL), (OTCQB: GRSLF) (FRANKFURT: GPE) – announces drilling results from initial exploration carried out on new areas representing potential step outs from NI 43-101 mineral resources at both the San Juan/La Colorada and Plomosas Mine Areas. The gold (Au) and silver (Ag) discoveries are in addition to the Company’s successful exploration programs reported earlier this year at the Loma Dorada, Trampolín and Corta Pico vein systems (see News Releases dated February 10, 2022 and February 17, 2022). read more

NexGen to Webcast Annual General Meeting and Presentation by Management on June 23, 2022

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T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) announces that that in consideration of the ongoing COVID environment, the Company will be providing a webcast facility in addition to the previously announced teleconference facility.  NexGen strongly encourages participants to follow the conduct of the Annual General Meeting (“AGM”) via these facilities. read more