CALGARY, Alberta, Oct. 21, 2021 —( )(OTCQX:DKLRF) (the “Company” or “Decklar”) announces the commencement of completion operations for the Oza-1 well re-entry.
As previously announced, the Oza-1 well re-entry has been successfully flow-tested in the three target zones (L2.2, L2.4, and L2.6). The final well completion design and procurement have been concluded, with all completion equipment now having arrived on location at the Oza-1 well. Completion operations on the well have commenced, which include running 2 7/8” tubing, production packers, sliding sleeves, and gas lift equipment, with all activities anticipated to conclude within 7 …
RooGold Closes Second Tranche of Private Placement
VANCOUVER, BC / ACCESSWIRE / January 20, 2022 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) – Further to its October 4, 2021 news release, RooGold Inc. ("…
VANCOUVER, BC / ACCESSWIRE / January 20, 2022 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) – Further to its October 4, 2021 news release, RooGold Inc. (“ RooGold ” or the “ Issuer “) announces that it has closed a second tranche of its previously announced Non-Brokered Unit Private Placement, on a post-Consolidation basis, by issuing 2,399,500 Units at $0.25 per Unit and raising $599,875.00. Each Unit consists of a Common Share and a half (1/2) a Common Share Purchase Warrant, each whole Warrant entitling the holder to purchase an additional Common Share at $0.40 per Share for a two year period from Closing. The term of the Warrants is subject to an Accelerator Clause that the Issuer can elect to trigger if the Issuer’s Share price trades above $0.50 for 30 consecutive trading days.
The net proceeds from the Private Placement, together with the net proceeds from the first tranche closing of $2,632,500, will be used for phase 1 exploration of RooGold’s Australian properties acquired from Southern Precious Metals Ltd. (see Aug. 19, 2021 news release), investor relations & marketing, as a reserve for exploration of its conditionally acquired Australian properties from 1267248 B.C. Ltd. (formerly, RooGold Ltd.), and Aussie Precious Metals Corp, and for working capital.
In connection with the Private Placement, Foundation Markets Inc. received Finder’s Fees of $28,390 and 69,760 Finders’ Warrants, each Finder’s Warrant entitling the holder to purchase a Common Share at $0.32 for a two year period. The term of the Finder’s Warrants is subject to an Accelerator Clause that the Issuer can elect to trigger if RooGold’s shares trade above $0.50 for 30 consecutive trading days.
The Units are subject to a statutory restricted trading period expiring on May 21, 2022.
Market Awareness Engagement
RooGold also would like to announce that it has engaged Stockhouse Publishing Ltd. (“ Stockhouse “), which owns a streaming platform with one of the largest communities of retail investors in North America, to provide investor awareness and digital media communication services to the Company. Under the terms of the engagement, Stockhouse has been retained for a 12-month period at a rate of $10,000 per month. Stockhouse records on average over 1 million unique investors per month, with over 400,000 registered members.
ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of highly mineralized precious metals properties in this prolific region of Australia. Through its acquisition of Southern Precious Metals Ltd., 1267248 B.C. Ltd. (formerly, RooGold Inc.) and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which is home to 137 historic mines and prospects.
For further information please contact:
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.
Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: RooGold Inc.
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Adamera Minerals Exploration Summary 2021
Vancouver, B.C. – TheNewswire – January 20, 2022 – Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) provides a summary of its 2021 exploration activities…
Vancouver, B.C. – TheNewswire – January 20, 2022 – (TSXV:ADZ) (OTC:DDNFF) provides a summary of its 2021 exploration activities on its Washington State properties. Last year was a significant year for the Company. Our focus was on the Cooke Mountain and Buckhorn 2.0 gold projects. Minor care and maintenance work was also done on our 100 % owned projects including Talisman and Empire Creek.
Exploration at Cooke Mountain started in March with drilling on multiple targets. The program was successful in discovering shallow, high-grade gold mineralization that was followed up by additional geophysics and drilling in December of 2021. Assays from that drilling are pending. Some $1.8 million was spent on exploration, including drilling, with 70% of that expenditure provided by our Cooke Mountain agreement partner Hochschild Mining PLC (LON:HOC).
Adamera continued to advance exploration on the Buckhorn 2.0 project. Our knowledge of the property was significantly advanced through an agreement with Kinross Gold Corp to acquire a substantial dataset from their work in the area as well as work completed directly by Adamera. Highlights of our work and our first review of the Kinross data are provided below. We look forward to drilling in 2022.
Performing exploration, especially field activities during the year was challenging due to COVID-19, a major labour shortage, prolonged assay delays and extreme heat and fire conditions. We are grateful for the efforts of our team and partners for successfully advancing our projects under such conditions. With a healthy treasury of $1.7 million and well-defined exploration targets, we are optimistic that 2022 will be our year for a discovery that takes Adamera to the next level.
Cooke Mountain Gold Project
The Cooke Mountain project encompasses several properties including the Lamefoot South, Goodfoot and Oversight properties which surround former producing mines Lamefoot and Overlook, all of which fall under a farmout agreement with Hochschild Mining PLC. In 2021, 8 initial holes for just under 3000 metres were drilled. Four holes were drilled on the western trend near the Lamefoot Mine and 4 holes on the eastern trend near the Overlook Mine.
Approximately 1400 core sample results have been received with 400 results still pending.
On November 9, 2021 Adamera announced a new high-grade mineralized zone identified in drill hole PL-6 at Lamefoot South. This zone was intersected from 24.08 to 26.78 metres depth and yielded 2.7 metres grading at 4.7 g/t Au, including a 0.76 metre zone with 10.7 g/t Au. This site is situated ~1000 metres south of the former Lamefoot Gold mine operated by Kinross Gold Corp.
In December, 3 follow up holes were drilled to the north of PL-6, using easily accessible/permitted sites. Results for this drilling are pending. Drilling this target to the south is topographically more challenging and will require additional permitting. Sites to test the southern extent are currently being selected.
Geophysical surveying immediately to the south is being conducted using electromagnetic (EM) and self potential (SP) methods. To date only a few lines of SP have been completed. That data shows a strong signature to the south. EM is planned for late January.
During the summer a magnetic survey and stream sampling program was completed on the Iron Mountain property, also on the Cooke Mountain project.
Buckhorn 2.0 Gold Project
The Buckhorn 2.0 property comprises 3600 hectares of land surrounding the former high-grade underground Buckhorn (formerly Crown Jewel) gold mine. The mine area continues to be held by Kinross Gold.
Advancements on Buckhorn 2.0 property are noteworthy. A data transfer agreement with Kinross was signed in the first part of September. Up until that time there was no certainty that an agreement would be reached during the 2021 field season. To avoid the loss of field time, Adamera had begun to perform field work that included geological mapping, collecting stream and panned stream samples, ground magnetic surveys and VLF-EM surveys.
Based on our experience in this district, detailed ground magnetic surveying is an essential exploration tool. More than 1141 line kilometres was surveyed, much of which was in rugged terrain. This survey provided a high level of detail and is being used to identify targets and structures. Importantly, the field crew recognized and recorded the location of more than 135 historic mine workings on the property to integrate into the geochemical and geophysical data base.
Adamera performed 50 line kilometres of VLF-EM surveying with plans in place to cover the remaining portion of the property. The VLF-EM was conducted on select parts of the property to identify potentially mineralized structures. To that end, there appears to be a high correlation with high gold in soil anomalies on some interpreted structures.
In mid September, Adamera started receiving Kinross data including drill hole results, soil and rock geochemistry and Lidar maps. The acquisition of this data triggered an enormous data review that is continuing at this time.
Of primary interest is the results for 281 drill holes that are providing incredible insight into the underlying geology and controls on mineralization. Clearly Adamera is very interested in drill holes that intersected high-grade gold mineralization. In particular how do those drill holes relate to the entire Buckhorn 2.0 dataset, emphasizing the structural and geophysical information at hand. From a purely geophysical outlook there are drill holes that have missed what we would consider to be priority exploration targets.
Some 15,000 soil and +1200 rock samples across the property have been received under the data transfer agreement. Two very simple observations were made immediately upon plotting of the data. 1) soil sampling appears to be working as multiple samples with elevated to high gold values form clusters associated with known mineralization, and 2) there are significant gaps in the data where samples do not exist. Sampling crews were immediately mobilized to infill unsampled areas.
The 135 known historic mine workings located by Adamera’s ground geophysical crew were modelled using Kinross LIDAR data, a remote sensing mapping tool. Several hundred additional similar features were identified in the process. More than 120 of the workings have been investigated on the ground and sampled by a geologist. Results are pending.
In November, data for a property wide airborne VTEM (electromagnetic) survey was received under the data transfer agreement. This data is currently being evaluated. Preliminary work has identified approximately 20 priority conductors that appear not to have been tested on the property.
This above summary captures how advanced the project will be once the data sets are compiled and interpreted. Two sites were previously submitted for approval in mid 2021 based on Adamera’s data collection. Several additional sites will be submitted shortly. As a new project for Adamera, the timing for drill permits is not yet known and while permitting will be an ongoing process we are confident we will have permits by mid 2022. Investors can expect much more news on these developments.
Talisman Copper-Silver Property
The Talisman project straddles the USA-Canada border near Laurier, Washington and comprises adjoining claims in both Canada and USA. The project is about 90 km by highway from the smelter in Trail BC. The claims cover the Talisman Mine, a copper skarn deposit mined at a relatively small scale up until the 1950’s. The mine grade was reported to be approximately 5% copper with an unknown amount of tungsten. The property has been held by Adamera under care and maintenance by Adamera since 2013.
Adamera has deemed this project to be a strategic exploration opportunity. The current strength of silver and base metal prices, along with proximity to the Teck smelter in Trail BC, has prompted the Company to consider advancing the project through a partnership with a strong base metal focused company.
Mineralization on the property is extensive. Adamera has mapped the intermittently exposed mineralized zones over an area that extends for more than 800 metres to the northwest and is believed to continue extending west beneath unmineralized rocks.
Empire Creek Gold Project
This epithermal style gold-silver project has been held on care and maintenance for the past several years. It is located along the western margin of the Republic Gold Graben approximately 6 km south of Kinross’ past producing K2 Mine now called the Curlew Basin project. Kinross has recently reported a new discovery on that project and is executing on a substantial exploration/development budget.
Previous surface rock and drilling samples on the property by Adamera has identified a number of high-grade gold and silver targets. For example, a drill hole with 10.5 g/t gold and 183.3 g/t silver over 15.2 metres proved to be of limited scope but does highlight the opportunity for follow up exploration.
In 2021, the Company completed a VLF-EM survey over the northern part of the property to test a concept related to a structural control on mineralization. The outcome of this survey will be released as results are finalised.
Flag Hill Property Gold Project
Flag Hill is an epithermal style gold property in the heart of the Republic gold district. It is on care and maintenance at present. Depending on Adamera priorities, drill permits may be submitted in 2022 to test existing targets.
In conclusion, we are excited about rapidly advancing our high potential targets in 2022. With a healthy treasury and two strategic projects investors can expect strong continuous news flow. Which 2022 drill hole will be the “game changer” for Adamera is yet to be determined. However given that we have discovery stage projects in the USA, it has been said that Adamera will gain a lot of industry attention when our breakthrough is achieved.
On behalf of the Board of Directors, I sincerely thank our team, contractors and partners for the dedication and hard work to make 2021 a success. We look forward to a strong commodities market and a more favourable working environment in the year ahead.
is exploring for a high-grade gold deposit near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.
Martin St. Pierre P.Geoph, and James Ebisch P.Geo, are Qualified Persons as defined by National Instrument 43-101 and have reviewed data associated with these projects.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Copyright (c) 2022 TheNewswire – All rights reserved.
Filo Mining Intersects 1.26% Copper Equivalent Over 1,223.5 Metres At Filo del Sol
Filo Mining Corp. (TSX: FIL) announced on Wednesday a highlight drill result from a single hole out of its Filo
The post Filo Mining Intersects 1.26% Copper…
(TSX: FIL) announced on Wednesday a highlight drill result from a single hole out of its Filo del Sol project. The drill hole assayed a wide intersection of 1.26% copper equivalent over 1,223.5 metres.
“Hole 54 is one of the best holes drilled to date at Filo del Sol,” said CEO Jamie Beck. “It confirms the extension of the high-grade breccia intersected last season in Hole 41 and starts to give us an idea of the geometry and extent of this zone.”
The assay highlighted carries metal grades of 0.71% copper, 0.54 g/t gold, and 18.0 g/t silver.
The intersect made by hole FSDH054 includes 2.04% copper equivalent over 592.0 metres and 3.22% copper equivalent over 171.5 metres.
Hole FSDH054 is 60 metres to the east of and parallel to the previously drilled hole FSDH041, which had a highlight assay of 2.23% copper equivalent over 670.0 metres. The recent intersect gives the firm a reason to believe that the area covered by both holes–which it refers to as the Breccia 41–is “wide open at depth.”
The mining firm added two diamond drills to the program in February, while plans are being drafted to add 4 rigs by mid-year resulting into 11 rigs on the property moving forward.
last traded at $15.85 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The post Filo Mining Intersects 1.26% Copper Equivalent Over 1,223.5 Metres At Filo del Sol appeared first on the deep dive.
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