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MGX Minerals Announces Strategic Nuclear and Space Metals Review of REN Niobium – Tantalum – Titanium – Rubidium Project, British Columbia

VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG) (FKT:1MG) (OTC:MGXMF) announces a strategic review…

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VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) announces a strategic review is underway of its REN niobium-tantalum-titanium-rubidium project for nuclear and space metals. These metals are generally known for their high melting point and ability to withstand extreme heat. The previously explored REN property, located in British Columbia, was drilled by MGX in 2018. Results of the 14 hole 1249 meter drill program, included a drill intersection of 44 meters of 1700ppm niobium with tantalum, titanium, and rubidium, see press release.

Niobium has both a high thermal conductivity and high melting point and is used in nickel superalloys for aerospace applications such as turbine blades and rocket components, as well as, nuclear applications such as fuel and heat exchangers.

Fall 2018 Drill Program

As previously reported, a 14-hole, 1,249-meter drill program was completed at REN covering an area of approximately 200×600 meters in the central portion of the mineral claims. The goal of the drill program was to test magnetic positive anomalies generated from a magnetometer survey completed earlier this year. Results from the drill program returned positive niobium grades and wider than expected zones. A total of 670 samples split core samples (at 2-meter intervals) were analyzed by ALS Geochemistry using method ME-MS89L (sodium peroxide fusion, reporting 52 elements, as well as additional elements Zr and P). Results have now been compiled with assay results from select holes reported below:

Table 1. REN 2018 Drill Hole Assays Results

DDH From
(m)
To
(m)
Int
(m)
Nb2O5
%
Ta2O5
%
*TREO
%
P% FeO
%
TiO2
%
MnO
%
18RE 1 3.28 3.58 0.3 0.16 0.002 0.16 >1 4.36 0.292 0.59
18RE 1 10.48 20.5 10.02 0.13 0.002 0.18 >1 6.82 0.62 0.49
18RE 2 6.56 10 3.44 0.04 0.001 0.09 0.29 6.1 0.75 0.14
18RE 3 29.5 33.5 4 0.18 0.003 0.14 >1 4 0.07 0.47
18RE 4 3.6 13 9.4 0.19 0.004 0.15 >1 5.1 0.22 0.34
18RE 5 2.6 3.7 1.1 0.11 0.002 0.22 >1 7.01 0.47 0.37
18RE 5 6 10 4 0.21 0.003 0.35 >1 6.1 0.26 0.56
18RE 5 12.3 38 25.7 0.14 0.003 0.26 >1 5.9 0.31 0.6
18RE 6 2.5 6.9 4.4 0.1 0.005 0.17 >1 11 0.44 0.42
18RE 6 14.3 40 25.7 0.1 0.003 0.15 >1 6.65 0.54 0.42
18RE 7 4.8 16 11.2 0.13 0.003 0.25 >1 6.94 0.53 0.41
18RE 8 7.3 13.6 6.3 0.13 0.006 0.17 >1 10.2 0.97 0.39
18RE 8 17.4 21.8 4.4 0.09 0.003 0.18 >1 7.89 0.5 0.47
18RE 8 24 50 26 0.13 0.003 0.14 >1 6.22 0.52 0.4
18RE 9 7.5 9.6 2.1 0.24 0.002 0.15 >1 8.85 0.887 0.36
18RE 9 15.6 27.4 11.8 0.31 0.004 0.19 >1 10.62 0.66 0.48
18RE 9 32.3 64 31.7 0.15 0.003 0.11 >1 6.15 0.55 0.48
18RE 10 2.7 10 7.3 0.15 0.003 0.11 0.74 5.9 0.41 0.31
18RE 11 3.2 19.2 16 0.21 0.004 0.21 >1 11.12 0.58 0.53
18RE 11 22.7 54 31.3 0.13 0.003 0.14 0.9 6.34 0.47 0.43
18RE 12 3.3 48 44.7 0.17 0.003 0.16 >1 6.59 0.39 0.51
18RE 12 includes
18RE 12 10 14 4 0.35 0.003 0.21 >1 8.7 0.47 0.62
18RE 13 6 52 46 0.13 0.003 0.15 >1 7.1 0.4 0.46
18RE 14 2.7 4 1.3 0.11 0.002 0.42 0.35 7.76 0.58 0.44
18RE 14 4 28 24 0.043 0.001 0.29 0.46 6.74 0.44 0.35
18RE 14 28 36.4 8.4 0.14 0.003 0.18 >1 6.8 0.37 0.53
18RE 14 40 69.5 29.5 0.14 0.004 0.12 >1 5.54 0.42 0.35

*: Geochemical analysis of Total Rare Earth Oxides(“TREO”) include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3,Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3 (NOTE: Pm & Sc not analyzed). Neodymium Oxide is defined as Nd2O3 and expressed as a percent out of the TREO content. The four most abundant rare earth oxides that make up the TREO reported above are Cerium (Ce2O3), Lanthanum (La2O3), Neodymium (Nd2O3) and Praseodymium (Pr2O3).

Qualified Person
Andris Kikauka (P. Geo.), Chief Executive Officer of MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource and technology company with interests in advanced metals, industrial minerals, and energy technologies.

Contact Information:

Andris Kikuaka
Chief Executive Officer
[email protected]

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward‐looking information. Forward-looking information in this press release include, but are not limited to, statements with respect to holding the postponed Meeting, and the filing of an amended notice of meeting and record date for the postponed Meeting. Forward-looking information is generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “in the event”, “if”, “believes”, “asserts”, “position”, “intends”, “envisages”, “assumes”, “recommends”, “estimates”, “approximate”, “projects”, “potential”, “indicate” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

The Company’s forward-looking information are based on the applicable assumptions and factors the Company considers reasonable as of the date hereof, based on the information available to the Company at such time, including without limitation, the ability to host the postponed Meeting at a later date, and the ability to find a suitable location which can accommodate an in-person shareholders’ meeting. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors. These factors include, among others, uncertainties arising from the COVID-19 pandemic, and general economic conditions or conditions in the financial markets. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors, and their potential effects, which may be accessed through the Company’s profile on SEDAR at www.sedar.com. Except as required by securities law, the Company does not intend, and does not assume any obligation, to update or revise any forward-looking information, whether as a result of new information, events or otherwise.

SOURCE: MGX Minerals Inc.

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Kiplin Metals Looks to Expand Uranium Project Portfolio Athabasca, Saskatchewan, Canada

 

Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces…

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Vancouver, British Columbia – TheNewswire – October 25th, 2021  – Kiplin Metals Inc. (the “Company”) (TSXV:KIP) (Frankfurt: 17G1) announces that its board of directors has commenced a strategic review of several uranium projects in Athabasca, Saskatchewan, Canada with the plan to expand the Company’s project portfolio.

Peter Born, Director of the Company commented; “after considerable consultation with our strategic advisors, the board has determined that, given the deep technical knowledge of our team, combined with the global initiative to transition the world’s energy needs away from fossil fuels, the company has initiated a strategic review of several uranium projects in Athabasca, Saskatchewan.  The company’s technical team has extension experience with uranium exploration and we are confident the addition will bring significant value to Kiplin Metals shareholders.”

About Kiplin Metals

Kiplin Metals is an early-stage exploration and development mining company.  The Company’s management understands that the greatest value creation for shareholders is through the discovery, and development of mineral resources, therefore the company focuses on project that can provide such impact.  Kiplin Metals has the rights to two highly perspective minerals exploration assets in Canada, a region in the world known for its resources, collaborative regulatory structure and stable economic and political environment.  

The Exxeter Gold Project covers an area of 715ha located in Val d’Or Quebec, one of the premier gold camps in the world which produced over 113.4M oz Au by the end of 2019. The project covers 3.8km of the Cadillac Tectonic zone, which is the principal geologic structure responsible for cold mineralization in the Val d’Or.

The Lac Rochester Copper Project is located on the eastern border of the Val d’Or mining camp, 50km southeast of the city of Val D’Or, and 14km south of the Company’s flagship property, the Exxeter Gold Project. Past exploration of the Lac Rochester Copper Project has identified multiple high copper and iron values, concurrent with a large, northeast trending magnetic anomaly.

For further information, contact the Company at 604-622-1199.

On behalf of the Board of Directors,

“Peter Born”

Director

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Copyright (c) 2021 TheNewswire – All rights reserved.



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Klondike Gold Closes First Tranche Raising $2,242,851

NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to…

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NEW YORK, NY / ACCESSWIRE / October 25, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce that further to its news release of September 30, 2021, the Company has closed the first tranche (the “First Tranche”) of its non-brokered private placement financing, raising $2,242,851.25 of which $1,935,000 is flow through funds. The Company anticipates to close the balance of the financing in the coming weeks.

In closing the First Tranche, the Company issued 9,675,000 flow-through units at the price of $0.20 per unit, comprising of 9,675,000 common shares which are “flow through” shares for Canadian income tax purposes and 4,837,500 warrants. The Company further issued 1,759,150 non-flow-through units at a price of $0.175 per unit, comprising of 1,759,150 common shares and 879,575 warrants.

All warrants issued in the First Tranche of the financing are exercisable at a price of $0.25 per share until October 22, 2023.

All securities issued in connection with the First Tranche are subject to a four month and one day statutory hold period expiring on February 23, 2022, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The Company intends to use the proceeds from the financing to continue exploration and development of the Company’s Yukon properties, as well as for general working capital.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr’ondëk Hwëch’in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

“Peter Tallman”
President and CEO
(604) 609-6138
E-mail: [email protected]
Website: www.klondikegoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required.”

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/669603/Klondike-Gold-Closes-First-Tranche-Raising-2242851





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Discovery Harbour Announces Results from First of Five Drill Holes on Caldera Gold Property, Nevada

Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company"…

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Vancouver, British Columbia–(Newsfile Corp. – October 25, 2021) – Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour“) announces that the first of five drill holes results have been received from the Company’s Caldera drill program. Selected core from each of the five holes has been sent for analysis, with the next results expected in late November. The initial drill hole, CP21-01, has anomalous gold results up to 324 parts per billion gold over 1.4 metres. The drillhole intersected primarily volcanic tuffs, moderate to strong propylitic and argillic / sericitic alteration as well as multiple fault zones.

The Company completed drilling a total of slightly over 1900 metres, testing five low sulphidation epithermal gold targets (see map below) on the Caldera Property. Each hole was deeper than any previous drilling on Caldera and each site was selected to test the boiling zone, typically found at approximately 300+ metres below the paleo-surface, where precious metals are concentrated. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

Caldera Gold Project, Completed Drill Holes

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1559/100776_fc1ee2a344e1c8fb_001full.jpg.

Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

About Discovery Harbour
Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is the drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Mining Limited on its Fortuity 89 property in Nevada.

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

“Mark Fields”

Mark Fields, B. Sc. (Geology), B.Comm.(Hon.)
President and Chief Executive Officer
Discovery Harbour Resources Corp.
Tel: (604) 681-3170
Fax: (604) 681-3552

Disclaimer for Forward-Looking Information
This news release contains forward‐looking information that involves various risks and uncertainties regarding future events. Such forward‐looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery Harbour, such as statements that Discovery Harbour intends to pursue the Caldera Project. There are numerous risks and uncertainties that could cause actual results and Discovery Harbour’s plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions; (ii) exploration results, (iii) permitting requirements or (iv) the financial position of the Company. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery Harbour does not intend to update these forward‐looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100776







newcrest mining limited

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