Category: featured_news

GCM Mining Announces Multiple High-Grade Drill Results at Its El Silencio Mine From the 2021 Mine Geology Infill Drilling Campaign at Its Segovia Operations

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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 79 diamond drill holes totaling 14,798 meters of the ongoing underground in-fill drilling campaign that is being carried out by the Company’s Mine Geology Department at the El Silencio Mine at its Segovia Operations. This mine geology in-fill drilling campaign, which commenced in 2020 and is ongoing, is focused on resource definition within the underground mine developments of the El Silencio Mine and complements the results from the 2021 in-mine drilling programs being carried out by the Company’s Exploration Team announced in the Company’s press release on December 16, 2021. In particular, the continuation of multiple high-grade intercepts in the 1040 Vein discovered last year by this mine geology in-fill drilling campaign at the El Silencio Mine reaffirms the potential for the current and future development of this flagship mine. read more

Tocvan Releases Surface Exploration Results Identifying Undrilled High-Grade Au-Ag Target Zones Highlighted By: 9.2 g/t Au and 279 g/t Ag; 6.6 g/t Au and 433 g/t Ag; and 1.3 g/t Au and 524 g/t Ag

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (CNSX:TOC.CN) (OTC:TCVNF) (FSE:TV3), is pleased to announce surface sample results from its Pilar Au-Ag Project in Sonora, Mexico. A surface exploration program was conducted in December following-up on target areas identified earlier in 2021. A total of 59 samples were collected with 21 samples returning values  greater than 0.5 g/t Au (Table 1). Sampling defined several new target areas yet to be drilled. The Main Zone has been expanded with high-grade Au-Ag values (9.2 g/t Au and 279 g/t Ag) along the southeast extent hosted in a silicified quartz vein breccia. The 4-T Trend has been extended to the southeast 100-meters with high-grade Au-Ag values, highlighted by 6.6 g/t Au and 433 g/t Ag hosted in a strongly silicified fault. A new vein corridor identified by several artisanal workings and shafts over a 200-meter strike has returned high-grade silver values highlighted by 524 g/t Ag and 1.3 g/t Au hosted in a silicified quartz vein breccia. In addition, mineralization has been identified further to the south (300-meters) highlighted by 3.1 g/t Au and 27 g/t Ag. read more

Eloro Resources Intersects 239.72 g Ag eq/t (39.58 g Ag/t, 1.04% Pb, 0.26% Cu and 0.20% Sn) over 82.74m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Includes a higher-grade section of 318.15 g Ag eq/t (53.58 g Ag/t, 1.43 % Pb, 0.32 %Cu and 0.27 %Sn) over 51.09m in underground drill hole DSBU-01. 134.47 g Ag eq/t (10.79 g Ag/t, and 0.15 %Sn) over 115.44m including a higher-grade section of 160.87 g Ag eq/t (9.65 g Ag/t, 0.21% Cu, and 0.17 %Sn) over 37.55m in underground hole DSBU-02. Promising results from these holes across a well mineralized width of 200+m opens significant possibilities in the southern extension of the Santa Barbara target area where additional drilling is now planned.
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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 further assay results from seven (7) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Two (2) of these holes (DSBU-01 and DSBU-02) are underground holes drilled from the Santa Barbara adit. Three (3) of the holes tested the Central Breccia Pipe (“CBP”) target (DCN-06 and DCN-07 from the Central North radial drilling platform and DCS-04 from the south platform). The final two (2) holes reported in this release tested the Porco Breccia Pipe (“PBP”) target. read more

CLEAN AIR METALS ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED BEST EFFORTS PRIVATE PLACEMENT TO $12.5 MILLION

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Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to report that in connection with its previously announced “best efforts” private placement offering, the Company and a syndicate of agents led by Paradigm Capital Inc. (the “Lead Agent“), and including Beacon Securities Inc., Echelon Wealth Partners Inc., and Hannam & Partners (collectively, the “Agents“), have agreed to increase the size of the offering to total gross proceeds of $12.5 million (“The Offering“).  The Company will now issue (i) 23,150,400 flow-through units (“FT Units“), of which 10,869,600 will be issued at a price of $0.23 per FT Unit (the “FT Issue Price”) and 12,280,800 of which will be issued at a price of $0.285 (the “Premium FT Issue Price”), and (ii) 32,250,000 non-flow-through units (“Units“) at a price of $0.20 per Unit (the “Unit Issue Price“). read more

CLEAN AIR METALS ANNOUNCES $9 MILLION BEST EFFORTS PRIVATE PLACEMENT

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Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of agents (collectively, the “Agents“), in connection with a “best efforts” private placement financing (the “Offering“) for gross proceeds of up to $9 million, consisting of up to  (i) 17,887,200  flow-through units (“FT Units“) of the Clean Air Metals Inc. (the “Company“), of which 10,869,600 will be issued at a price of $0.23 per FT Unit (the “FT Issue Price”) and  7,017,600 of which will be issued at a price of $0.285 (the “Premium FT Issue Price”), and (ii) 22,500,000 non-flow-through units (“Units“) at a price of $0.20 per Unit (the “Unit Issue Price“). read more

Drilling Underway At Grid Metals Manitoba Nickel Targets

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Grid Metals, GRDM.V

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) today provided a shareholder update with respect to its nickel-copper-cobalt-PGM and lithium exploration and development projects in Manitoba and Ontario. The Company has commenced drilling at its advanced exploration stage Makwa Nickel property in southeastern Manitoba and expects to complete ~3,000 metres focusing on several large and untested geophysical anomalies in an effort to expand and improve on the existing pit-constrained nickel resources at the property. The Makwa drilling will be completed by early February. The Company will then commence with a 8,000 to 10,000 meter exploration and resource delineation drilling program on the nearby Mayville lithium property, targeting multiple lithium-rich pegmatite dyes (the “Donner Lake pegmatites”) that have been identified to date. read more

GR Silver Mining Underground Drill Results Deliver Wide and High-grade Intervals, 38 m at 299 g/t Ag, Including 1,091 g/t Ag over 2.1 m and 1,002 g/t Ag over 3.5 m, Confirming Potential for Resource Expansion at San Marcial Area

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Figure 1: Longitudinal section displaying “Ag Grade x Thickness” contours of the San Marcial NI 43-101 resource model and new extensions to the mineralized body down dip and along strike (CNW Group/GR Silver Mining Ltd.)
Figure 1: Longitudinal section displaying “Ag Grade x Thickness” contours of the San Marcial NI 43-101 resource model and new extensions to the mineralized body down dip and along strike (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 additional high-grade silver (Ag) results confirming consistently wide Ag intercepts from underground diamond core drilling at the San Marcial resource expansion program, at the Plomosas Project, Sinaloa, Mexico. These assay results are from the fourth hole of an eight-hole program and indicate the widening of the mineral body at depth and along strike. The successful drill hole confirms a significant expansion of high-grade Ag mineralization approximately 170 m down dip below the lower limit of the San Marcial NI 43-101 mineral resource and approximately 70 m along strike, to the SE of hole SMI21-03 (see News Release dated January 17, 2022) (Figure 1). read more

NexGen Reports 2021 Exploration and Site Geotechnical Confirmation Drilling Results

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T.NXE, NexGen, uranium
Figure 1: 2021 Exploration – Drill holes Completed (CNW Group/NexGen Energy Ltd.)
Figure 1: 2021 Exploration – Drill holes Completed (CNW Group/NexGen Energy Ltd.)

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce radioactivity results and the completion of the 2021 field programs that focused on exploration and a detailed geotechnical site confirmation program at the Arrow Deposit (“Arrow” or the “Project”) at the 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. read more

Grid Metals Reports Wide Zones of Nickel Mineralization and Higher Grade Core at Bannockburn Nickel Property

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Grid Metals, GRDM.V
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