Category: featured_news

Eloro Resources intersects Significant Tin Mineralization (0.17% Sn over 52.75m) in Mina Casiterita Property and also Receives Strong Results from Infill Holes at Santa Barbara Deposit, Potosi Department, Bolivia

Tin mineralization at Casiterita is located 2km southwest of the Santa Barbara deposit indicating that the overall Iska Iska mineralizing system is much more extensive, as predicted from geophysical data. Further drilling is required to fully evaluate this prospective target area. Holes DHK-31, DSB-53 and DSB-54, drilled to fill-in gaps in drill coverage in the eastern part of the Santa Barbara deposit, returned well mineralized intersections as follows: 125.99g Ag eq/t (12.99g Ag/t, 1.76% Zn and 0.45% Pb) over 125.79m including 257.66 g Ag eq/t (44.82g Ag/t, 3.34% Zn and 1.17% Pb) over 8.94m (DHK-31) 177.41g Ag eq/t (28.89g Ag/t, 1.02% Zn, 0.43% Pb and 0.19% Sn) over 60.14m including 1,228 g Ag eq/t (305.21g Ag/t, 0.21 g Au/t, 2.81% Zn, 2.74% Pb and 1.64% Sn) over 4.49m (DHK-31) 128.23g Ag eq/t (7.86g Ag/t, 2.06% Zn and 0.37% Pb) over 85.52m including 165.82 g Ag eq/t (7.99g Ag/t, 2.69% Zn and 0.44% Pb) over 29.95m (DSB-54) 185.07g Ag eq/t (12.38g Ag/t, 0.11 g Au/t, 2.95% Zn and 0.38% Pb) over 24.04m including 483.12 g Ag eq/t (31.24g Ag/t, 0.24 g Au/t, 7.94% Zn and 0.89% Pb) over 7.62m (DSB-54) 83.98g Ag eq/t (5.88g Ag/t, 1.27% Zn and 0.21% Pb) over 34.56 and 67.14 g Ag eq/t (10.25g Ag/t, 0.79% Zn and 0.32% Pb) over 34.33m (DSB-53) Holes DSB-55 and DSB-56 drilled in the southern extension of the Santa Barbara deposit 100m and 200m, respectively, south of previous drilling intersected: 145.69g Ag eq/t (6.37g Ag/t, 0.17 g Au/t, 1.94% Zn and 0.29% Pb) over 70.79m including 341.78g Ag eq/t (12.75g Ag/t, 0.66 g Au/t, 4.31% Zn and 0.54% Pb) over 10.55m (DSB-55), 159.55g Ag eq/t (13.97g Ag/t, 0.36g Au/t, 1.16% Zn, 0.20% Pb and 0.29% Cu) over 54.10m including 329.05g Ag eq/t (36.32g Ag/t, 0.85g Au/t, 1.89% Zn, 0.36% Pb and 0.68% Cu) over 12.01m (DSB-56), and 241.06g Ag eq/t (12.77g Ag/t, 0.33 g Au/t, 2.70% Zn, 0.34% Pb and 0.44% Cu) over 22.59m including 411.52g Ag eq/t (22.71g Ag/t, 0.43g Au/t, 4.70% Zn. 0.58% Pb and 0.82% Cu) over 10.54m (DSB-56) These holes extend the strike length of the Santa Barbara deposit to over 1,400m, still open in all directions.
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Geological Map of the Mina Casiterita and Porco-Mina 2 Target Areas Showing Locations of Diamond Drill Holes. Holes reported in this release are highlight in red circles

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from reconnaissance drilling on the Mina Casiterita Property (8 holes totalling 5,726.8m), additional definition drilling on the eastern margin and southern extension of the Santa Barbara deposit (5 holes totalling 4,223.7m) and reconnaissance drilling in the Porco-Mina 2 area (3 holes totalling 2,544.9m). In total 16 holes totaling 12,495.4m have been completed as shown in Figure 1 (Casiterita/Porco-Mina 2) and Figure 2 (Santa Barbara). Table 1 provides the coordinates of the drill holes for which results are reported in this press release and Table 2 lists information for holes for which assay results are still pending. Significant results are listed in Tables 3 (Casiterita), 4 and 5 (Santa Barbara) and 6 (Porco-Mina 2). read more

NexGen Announces the Completion of the Provincial Environmental Assessment Technical Review and Submission of the Final Environmental Impact Statement

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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 a major milestone in the advancement of regulatory approvals for the 100% owned Rook I Project (“Rook I” or the “Project”) with the completion of the Provincial Environmental Assessment (“EA”) technical review process and submission of the Final Provincial Environmental Impact Statement (“EIS”) to the Saskatchewan Ministry of Environment (“ENV”). read more

Eloro Resources Closes C$6.9 Million Bought Deal Financing

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V.ELO, Eloro Resources, Peru, gold, Tom Larsen

 Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the over-allotment option by the Underwriters, of 2,191,280 units of the Company (the “Units”) at a price of C$3.15 per Unit for gross proceeds to the Company of C$6,902,532 (the “Offering”). The Offering was underwritten on a bought deal basis by Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation (collectively, the “Underwriters”), pursuant to an underwriting agreement dated July 31, 2023 between the Company and the Underwriters. Each Unit consists of one common share (each a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant entitles the holder to acquire one Common Share at a price per Warrant Share of $4.25 for a period of 24 months following the closing date of the Offering. read more

Eloro Resources Reports Major Advances in Metallurgy for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Preliminary tests at TOMRA in Germany indicate the mineralization at Iska Iska is amenable to “ore-sorting” with removal of at least 40% of the waste in the Polymetallic Domain and up to 80% in the Tin Domain which would substantially increase concentrator feed grades as well as reduce future operating costs and significantly lower the cut off grades (COG) for the pending mineral resource estimate (MRE). Positive “ore-sorting” results were obtained from composite samples of both the tin (Sn) and polymetallic (Ag-Zn-Pb) mineralization domains in the Santa Barbara deposit indicating its wide applicability throughout the entire deposit. Further metallurgical studies conducted by Wardell Armstrong International on a composite sample of the tin mineralization has improved tin concentrator recovery to 50%. This recovery is un-optimised and has been achieved using a mixture of Multi Gravity and tin flotation techniques which are specifically designed to recover the finer grained cassiterite. The concentrator could produce an approximately 5%Sn concentrate grade amenable to the tin fuming process that ultimately could produce a 60-70%Sn concentrate for smelting. The level of metallurgical and pyrometallurgical work that has been conducted is exceptionally high for an inaugural MRE but is justifiable due to the significance of this large potentially open pittable tin and polymetallic resource. The additional metallurgical/mineralogical knowledge will enable Eloro to rapidly move towards a preliminary economic assessment (PEA).
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Plan Map Showing Major Tin and Polymetallic Domains in the Santa Barbara Deposit, Iska Iska

Eloro Resources Ltd. (;TSX: ELO OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce major advances on metallurgy for the Iska Iska silver-tin polymetallic project in the Potosi Department of southern Bolivia. These tests were directed by Mike Hallewell, C.Eng., Eloro’s Senior Strategic Metallurgist and a qualified person (QP) as defined by National Instrument 43-101 (NI 43-101). in consultation with Micon International Limited Principal Metallurgist, Richard Gowans, P.Eng., an independent QP. read more

Cartier Silver Announces Commencement of Diamond Drilling on the Gonalbert Property, Potosi Department, Southern Bolivia

Initial 5-hole diamond drill program totalling 3,300m will test geophysical and geological targets for epithermal polymetallic Ag-Pb-Zn mineralization in the general vicinity of the artisanal silver mine. Additional IP/Res surveys in the NW part of the property have added more than a kilometre of additional strike length to the potential mineralized zone.
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Geology Plan Map of Gonalbert Property Showing Locations of Planned Drill Holes

Cartier Silver Corporation (CSE: CFE) (“Cartier Silver” or the “Company”) is pleased to announce that diamond drilling has commenced to test geophysical and geological targets for epithermal Ag-Pb-Zn mineralization on the Gonalbert Property, Potosi Department, Southern Bolivia. The initial program will consist of 5 drill holes totalling 3,300m collared in the general vicinity of the artisanal silver mine. The locations of these holes are shown in Figure 1, a geological plan map. Collar locations and orientations of these holes are listed in Table 1 below. Sections 1 and 2 in Figure 2 show the geophysical anomalies being targeted in the vicinity of the major structures which have been the focus of artisanal mining, both historically and recently. read more

Cartier Silver Outlines an 800m by 500m Epithermal Silver Polymetallic Target on Gonalbert Property, Potosi Department, Southern Bolivia

Gonalbert is underlain by a dacitic intrusive dome approximately 1,300m by 600m which hosts epithermal Ag-Pb-Zn mineralization along structures that are exposed in a number of historical and recent artisanal workings and trenches. An IP chargeability anomaly surrounding the structures covers an area of 800m by 500m and extends to a depth of at least 400m, the depth limit of the survey. The chargeability anomaly becomes stronger, especially at depths greater than 100m, below a depleted, near-surface zone where sulphide mineralization has been extensively oxidized. Drilling to test this anomaly will commence shortly.
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: Location Map of Gonalbert and Felicidad Properties, Las Chorillos Project, Potosi Department, Southern Bolivia

Cartier Silver Corporation (CSE:CFE) (“Cartier Silver” or the “Company”) is pleased to announce that geophysical and geological work by the Company has outlined an epithermal silver polymetallic target over an area of 800m by 500m on the Gonalbert Property, which forms part of the Los Chorrillos (Gonalbert-Felicidad) Silver Project (“Los Chorrillos” or the “Project”), in the Potosí Department, southern Bolivia, held by Minera Cartier Bolivia S.R.L., Cartier Silver’s Bolivian subsidiary (Figure 1). This program follows recommendations contained in the “Property of Merit” technical report dated May 5, 2023, authored by Micon International Limited (“Micon”), which is filed on SEDAR and available on the Company’s website, www.cartiersilvercorp.com (see Cartier Silver’s press release dated May 9, 2023). read more

Denarius Metals Announces First Quarter 2023 Results

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Denarius Silver, DSLV.V, silver, Spain

Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) (“Denarius Metals” or “the Company”) announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three months ended March 31, 2023. These documents can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR at www.sedar.com. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. read more

Grid Metals Corp. Reports 1.13% Li2O over 10.7 m

Completes Resource Drilling at Donner Lake
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Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Wednesday, May 31, 2023, Press release picture
Table 1: Assay Results of the 2023 drilling at the Northwest Dyke – Donner Lake Lithium Project

 Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) is pleased to announce final drill results from the completion of the Northwest Dyke drill program at the Donner Lake Lithium Property in Manitoba, Canada. The Company has now received all assays from the winter drilling program which will be incorporated into the upcoming maiden resource estimate expected before the end of Q2/23. SGS Canada has been retained by the Company to complete the estimate which will include both the Main and Northwest Dykes. read more

Clean Air Metals Files Audited Annual Financial Statements for the Year Ended January 31, 2023

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Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) announces that it has filed its audited consolidated financial statements and management’s discussion and analysis for the year ended January 31, 2023, available for viewing on www.sedar.com. read more