Category: featured_news

Lucky Announces Closing of Non-Brokered Private Placement for CDN$2,011,795

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LKY.V, Lucky Minerals, gold, Ecuador

Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) Lucky” or the “Company“). Further to the news release dated January 6, 2022, Lucky is pleased to announce that it has closed a non-brokered private placement (the “Offering”) consisting of 22,353,278 units of the Company (the “Units“) at a price of CDN$0.09 per Unit for gross proceeds of CDN$2,011,795.02. Each Unit consists of one common share (“Common Share“) of the Company and one transferable common share purchase warrant (“Warrant“). Each Warrant will be exercisable to acquire one Common Share of the Company (“Common Share“) at a price of CDN $0.20 per Common Share for a period of 24 months from the date of issuance of the Warrant. read more

Cartier Iron Recommences Drilling and Provides Update on Exploration Program on the Low Sulphidation Gold-Silver Epithermal System at Big Easy, Newfoundland

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CFE.CNX, Cartier Iron, gold, Newfoundland

Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) is pleased to provide an update on its diamond drilling program at its wholly-owned Big Easy property, located near Clarenville, in eastern Newfoundland. As previously announced (see press releases September 21, 2021 and November 15, 2021) the 10,000m diamond drill program will test significant resistivity anomalies along a major north-northeast trending structural break outlined by the Controlled Source Audio Magneto-Telluric (“CSAMT”) survey in the Central Anomaly – Big Easy Showing Area. Drilling is being done by the Logan Drilling Group. read more

GCM Mining Reports Fourth Quarter and Full Year 2021 Production; Meets Annual Guidance for Sixth Consecutive Year

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 18,030 ounces of gold in December 2021 at its Segovia Operations bringing the total for the fourth quarter of 2021 to 55,285 ounces compared with 50,084 ounces from Segovia in the fourth quarter of 2020. In the fourth quarter of 2021, the Company also produced 89,327 ounces of silver at Segovia, up from 51,302 ounces of silver in the fourth quarter last year, together with approximately 154,000 pounds of zinc and 254,000 pounds of lead. For the full year, Segovia’s gold and silver production in 2021 totalled 206,389 ounces and 253,597 ounces, respectively, up from 196,362 ounces of gold and 186,122 ounces of silver in 2020. Including Marmato production up to February 4, 2021, consolidated gold production for 2021 was 208,775 ounces compared with 220,194 ounces in 2020, which included 23,832 ounces from Marmato. read more

Tocvan Channel Samples 19.8 meters of 0.73 g/t Au and 19.5 meters of 0.61 g/t Au, Releases Trench Program Results

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CSE:TOC, TocVan Ventures, gold, mexico

Tocvan Ventures Corp. (the “Company”) (CSE:TOC) (CNSX:TOC.CN) (OTCQB:TCVNF) (WKN:TV3/A2PE64), is pleased to announce trench results from its Pilar Au-Ag Project in Sonora, Mexico. A total of four trenches were completed in December, 2021 totalling 80 meters length. All four trenches intersected mineralization with two trenches yielding consistent mineralization across the entire length of the trench. T-21-2, intersected 19.5 meters of 0.61 g/t Au across the entire length of the trench in an area along the developing 4-Trench Trend. T-21-3, yielded 19.8 meters of 0.73 g/t Au and was targeted to provide key geochemical information across the Main Zone where mineralization outcrops at surface. Initial bulk-sample material from T-21-3 will be submitted to SGS Laboratories in Durango, Mexico and used for column leach studies. Follow-up metallurgical studies will utilize the surface material extracted from the other three trenches. read more

Channel Sampling at Renforth’s Victoria West Delivers Consistent Surface Nickel Mineralization Combined with Copper Enrichment

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Renforth Resources

Renforth Resources Inc. (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to share the consistent results of channel sampling across the ~275m stripped surface area of the ~5km Victoria West nickel/copper mineralized system within Renforth’s wholly owned ~30,000 hectare Surimeau District Property in NW Quebec. The channel samples demonstrate consistent elevated nickel and cobalt values, along with elevated copper and zinc values. In several locations the two mineralization types “mix”, the highlight of this “mixing” is a 12.9m section of Channel 49 which overall assays 0.121% Ni and 0.013% Co, including 0.224% Ni over 1m, which also includes 5.5m of 0.43% Cu and 1.63% Zn, within which 0.8m assays 2.05% Cu. read more

Eloro Resources Announces Restart of Diamond Drilling and Provides Update on Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

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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 provide an update on its Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. By the end of 2021, the Company completed 40,468 metres (m) in 73 drill holes at Iska Iska, as shown in Figure 1. Table 1 summarizes drill holes with assays pending. Currently there are two surface drill rigs and one underground drill rig on site. Drilling with all rigs recommenced on January 17, 2022. Highlights of work in progress are as follows: read more

GR Silver Mining Confirms Wide, High-grade Silver Mineralization Below the San Marcial Resource, 18.5 m @ 773 g/t Ag, including 1,792 g/t Ag over 5.6 m

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1: San Marcial NI 43-101 resource model and extension (CNW Group/GR Silver Mining Ltd.)
Figure 1: San Marcial NI 43-101 resource model and extension (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 wide, high-grade silver (Ag) results from diamond core drilling from the recently expanded underground tunnel in the San Marcial Area, at the Plomosas Project, Sinaloa, Mexico. These assay results are from the initial three holes of an eight-hole program and confirm extensions of high-grade Ag mineralization along strike, as well as up to 170 m down dip, below the San Marcial NI 43-101 mineral resource. The successful results extend the mineralization from the initial 250 m to approximately 420 m down dip from surface. These results also suggest that the compilation of modern and historical data, combined with advanced geological modelling, has been successful in targeting higher grade mineralization on the project. read more

GCM Mining Declares Monthly Dividend to Be Paid on February 15, 2022

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on February 15, 2022 to shareholders of record as of the close of business on January 31, 2022. read more

Grid Metals Corp. Closes Cad $6.3 Million Funding Agreements With Lithium Royalty Corp.

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Grid Metals, GRDM.V

 GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has closed its previously announced financing ( the “Transaction”) with Lithium Royalty Corp. (“LRC”) (a leading pure play battery royalty and streaming company). The Transaction consists of a private placement financing, royalty sales on two properties pertaining to lithium minerals and asset sales of 25% interests in lithium rights on the two properties ( Mayville Lithium and Campus Creek) Total funding to Grid in connection to the proposed Transaction is approximately CAD$6.3 million. The working capital of Grid has increased to approximately $ 8.8 million. read more