Tocvan: Drill, Brodie, Drill
When management changes at a junior resource company it often worries shareholders. Is there a “problem”?
Tag: gold
Etruscus Announces Private Placement Financing
Etruscus Resources Corp. (CSE: ETR) (FSE: ERR) (the “Company” or “Etruscus”), a Vancouver-based junior exploration company, announces that, subject to Canadian Securities Exchange (“CSE”) approval, the Company proposes to carry out a non-brokered private placement of up to $500,000, consisting of up to 720,000 non-flow-through units for proceeds of up to $180,000 and 1 million flow-through units for proceeds of up to $320,000. The non-flow-through funds will be used for both exploration and general working capital and the flow-through funds will be used for continued exploration of the Company’s Rock & Roll Property.
GR Silver Mining Reports 15,147 g/t Silver Concentrate Grade After Processing Underground Bulk Sample from the San Juan Area
GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report positive preliminary metallurgical test work results after processing a 2,700 tonne bulk sample excavated from the San Juan Area underground development – San Juan Vein & Breccia (“Bulk Sample”) at the Plomosas Silver Project (Figure 1), Sinaloa, Mexico.
Northstar Announces Non-Brokered Private Placement
Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company“), announces a non-brokered private placement financing (the “Offering“) for aggregate proceeds of up to $2,700,000.
Geophysical Surveys Outline Additional Targets for Low Sulphidation Epithermal Gold-Silver Mineralization Along Major Structures at the Big Easy Gold Project, Newfoundland
- 2,000m diamond drilling program planned to start in mid-January 2021 to test Central Anomaly and new IP targets.
- Two major magnetic trends outlined, West and East Trends, 19km and 20km long, respectively, each with a number of elongated magnetic highs that likely reflect intrusive rocks not previously recognized in this area.
TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to report on results of geophysical surveys completed during October, 2020, at its Big Easy Gold project located on the Burin Peninsula in eastern Newfoundland. A helicopter-borne magnetic survey was flown for New Sense Geophysics Ltd. of Markham, Ontario by Newfoundland Helicopters over the southern half of the property to provide high-resolution magnetic coverage over the complete Big Easy property. The northern half of the property was flown by previous operators and is available in the NL Department of Natural Resources assessment files. The program also included induced polarization/resistivity (IP/Res) surveys on a grid located 2.5km south of the ET showing. This program was designed to follow-up the 20km long target zone for epithermal gold-silver mineralization outlined by the summer 2020 program of geological mapping, soil sampling and prospecting (see press release September 29, 2020) to outline potential drill targets.
Tocvan Commences Drill Program at the Pilar Project in Sonora, Mexico. Brodie Sutherland Appointed V.P. Exploration.
Tocvan Ventures Corp. (CNX:TOC) (“Tocvan” or the “Corporation”) is pleased to announce the start-up of its maiden drill program (the “Program”) at the Pilar Gold-Silver Project in Sonora, Mexico. Phase I of the Program plans for up to 1,500 meters of reverse circulation (RC) drilling utilizing one drill rig at the Pilar Main Zone.
Northstar Geophysics Identifies Large High Chargeability Corridor at Miller Gold Property Encompassing Known Mineralization; New Structures Delineated
Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company“), reports that final 3D inversions of a 5 km2 DIAS32 3D I.P geophysical survey has identified multiple low-resistivity and high-chargeability anomalies extending from recently discovered near-surface syenite intrusion-related gold mineralization at the Miller Gold Property, situated 18 km southeast of Kirkland Lake and Kirkland Lake Gold’s Macassa SMC gold mine (Figure 1). Discrete, linear low-resistivity and broader chargeability anomalies may represent faulted hydrothermal conduit structures and pervasive, gold-bearing alteration, respectively, spatially related to the Allied and Planet syenite stocks.
Eloro: Big Breccias in Bolivia
I think it is fair to say that Eloro (V.ELO) CEO Tom Larsen is excited by what the company is finding at its Iska Iska Property in Southern Bolivia. The announcement of a second major mineralized breccia pipe approximately 400m in diameter confirmed Larsen’s belief that Iska Iska may have significant tonnages of commercially viable material.
CBLT Enters LOI to Buy 70% of Werner Lake and Updates Hemlo Operations
CBLT Inc. (TSXV: CBLT) (“CBLT“) announces it has entered into a Letter of Intent (the “LOI“) to buy the 70% majority interest in the Werner Lake Copper-Cobalt-Gold Project (“Werner Lake“) from Global Energy Metals Corporation (“GEMC“). Readers are directed to GEMC’s website for details and documents related to Werner Lake (https://www.globalenergymetals.com/projects/werner-lake-cobalt-project/).
Renforth Successfully Drills Polymetallic Mineralization at Surimeau
Renforth Resources Inc. (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce a first successful drill test on its Surimeau polymetallic project located twenty kilometers south of the town of Cadillac, Québec. The project covering an area of 215 km2 is a regional exploration setting covering an area of interest west of, and adjoining, the Agnico-Eagle and Yamana Gold owned Canadian Malartic Mine.