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.
Renforth Resources Inc. (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to announce the final results from our 2020/21 drill program at our wholly owned Parbec open pit gold deposit located in Malartic, Quebec, adjacent to the Canadian Malartic Mine, Canada’s largest gold mine. Assay results highlights appear below, including 21.85m of 3.06 g/t gold drilled in PAR-21-141, which was drilled as an “infill” drill hole, in an area which had not previously been drilled. At the end of the program the field geologists decided to follow up on the visual results of PAR-21-141, which terminated at a vertical depth of ~250m as can be seen in the vertical section below, with a shallow “overcut”, PAR-21-145.
|Sample||Easting (m)||Northing (m)||Elevation |
Grid Metals Corp. (the “ Company “) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce initial results from its recently completed spring 2021 drilling program on its 100% owned Bannockburn Nickel Sulphide Property (the “ Property “) located in the Matachewan area of northeastern Ontario and approximately 100 km south of Timmins. The new drill program is pursuing bulk tonnage disseminated nickel sulfide mineralization hosted by a three-kilometre-long serpentinized ultramafic body. The style of mineralization targeted is similar to that hosted in the Crawford Deposit owned by Canada Nickel Company.
Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to offer shareholders the following update on our activities, which are “business as usual” in this COVID-19 environment.
Gowest Gold Ltd. (TSX VENTURE:GWA) (the “Company“) is pleased to announce the final tranche closing of a previously announced non-brokered private placement for gross proceeds of $1,383,140. In connection with the final tranche closing, the Company issued 350,000 common share units at a price of $0.16 per unit for $56,000 and 7,373,000 flow-through units at a price of $0.18 per unit for $1,327,140. Each flow-through unit consists of one common share in the capital of the Company issued on a “flow through” basis pursuant to the Income Tax Act (Canada) and one half (1/2) of a common share purchase warrant. Each warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.25 per share for a period of 24 months from the date of issuance. The closing is subject to final acceptance by the TSX Venture Exchange of the private placement.
Gowest Gold Ltd. (TSX VENTURE:GWA) (the “Company“) is pleased to report the first assay results from the recently completed underground infill drilling program at the Bradshaw Gold Deposit (“Bradshaw“). Results have been received from 17 of the 29 holes drilled in this campaign, and assay results from the remaining holes are expected in the coming weeks. (see tables below)
Canadian Gold Miner Corp. (“CGM” or the “Company”) and Transition Metals Corp. (a 40% owner of CGM; XTM – TSX.V, “Transition”) are pleased to announce that CGM has today concluded a transaction with Osisko Mining Inc. (“Osisko”) to acquire the DeSantis property, a historical gold producer located in the heart of the Timmins Gold Camp, and an option on the Catharine Property, a large exploration land package near CGM’s focus area south of Kirkland Lake, Ontario in exchange for 2.5 million common shares of CGM valued at $0.20 per share. Concurrent with the transaction, Osisko also has completed a $1.0 million private placement in CGM consisting 5.0 million units priced at $0.20 with each unit consisting of a common share and a half common share purchase warrant exercisable at $0.35 for a period of two years.
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.
Gowest Gold Ltd. (“Gowest” or the “Company“) (TSX VENTURE:GWA) is pleased to provide a further update on its progress on the Company’s Advanced Exploration – Bulk Sample program at its wholly-owned Bradshaw Gold Deposit (“Bradshaw“).