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TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to report the receipt of $1,910,759 from the exercise of 3,821,518 share purchase warrants at $0.50 per share. With the exercise of these warrants, the Company now has cash on hand of $2.83 Million.
Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. These latest results are from the 11 exploration drill holes completed on the Catto Zone. Located between the Eagle Gold Mine and the Olive-Shamrock Deposit, the Catto Zone was the location of historic high-grade gold mines and has seen only cursory contemporary mineral exploration.
Canadian Gold Miner Corp. (“CGM” or the “Company”) and Transition Metals Corp. (XTM – TSX.V, “Transition”) together announce that CGM has entered into a non-binding letter of intent with Osisko Mining Inc. (OSK – TSX, “Osisko”) whereby, subject to the execution of definitive agreements on terms acceptable to the parties, Osisko would assign its ownership interest in two exploration stage properties to CGM in exchange for stock of CGM. In addition, Osisko would provide financing to CGM, on a private placement basis, in the amount of $1.0 million in exchange for stock of CGM. Once completed, the transaction is expected to result in Osisko owning approximately 19.9% of the issued and outstanding common shares of CGM. The properties to be assigned to CGM include the DeSantis property, a historical gold producer located in the heart of the Timmins Gold Camp, and the Catherine Property, a large exploration land package near CGM’s focus area south of Kirkland Lake, Ontario.
Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) outlines a three-year program to expand oxide resource and delineate sulfide potential along the Oreana trend in west-central Nevada. The program is designed to increase measured and indicated oxide resources at Florida Canyon and Lincoln Hill and quantify and deliver a sulfide resource beneath the Florida Canyon oxide deposit. A Phase 1 10,000 metre expansion drilling campaign at the Florida Canyon mine is planned which seeks to increase the oxide resource and to test and confirm the grade, character and extent of the sulfide mineralization beneath the oxide ore body.
-All-In Cost (CAPEX plus OPEX) at US$643/oz Au
-Annual Payable Gold Production of 219,000 Ounces for 15 Years
-After-Tax IRR of 15.3%
Sierra Metals Inc. (TSX: SMT) (NYSE AMERICAN: SMTS) (BVL: SMT) (“Sierra Metals” or “the Company”) is pleased to report third quarter 2017 production results featuring the highest quarter of throughput and second highest quarter of metal production to date from the Yauricocha Mine.
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As the precious metal miner sector continues to trade sideways this year, I would like to bring to your attention five development stage projects which I believe stand a very good chance of being acquired by a global miner within the next 12-18 months.
Cache Exploration Inc. (the “Company”, or “Cache”), (TSX-V:CAY) is pleased to announce that complete assay results have been received for the first two holes of its summer drill program at its Kiyuk Lake project in Nunavut. Complete results have now been received from the till sampling program.
Dundee Precious Metals Inc. (TSX:DPM) (“DPM” or the “Company”) announced its mine and smelter production results for the three and nine months ended September 30, 2017, and confirmed the timing of the release of third quarter 2017 operating and financial results, together with the related conference call and webcast.
TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to report it has extended its Walsh Lake structure by 2.7 km with extensive surface sampling of high grade gold mineralization in outcrop. These results potentially increase the strike length to 6 kilometers through outcrop grab sampling and high gold values in lake sediment geochemical sampling. For all sample results reported, please see map here (https://www.terraxminerals.com/projects/yellowknife-city-gold/field-exploration-2017/#october-11-2017).