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Precipitate Identifies Multiple Priority Targets at Motherlode Gold Project in Newfoundland Canada with Comprehensive Data Compilation

Vancouver, British Columbia–(Newsfile Corp. – November 18, 2021) – Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the "Company" or "Precipitate")…

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Vancouver, British Columbia–(Newsfile Corp. – November 18, 2021) – Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) (the “Company” or “Precipitate“) is pleased to announce the latest target refinement results derived from an expanded compilation and review of historical data from the Company’s Motherlode Gold Project within the Burin Peninsula of southern Newfoundland, Canada.

Interpretation of the Project’s historical surface geochemical sampling data (soil, rock, till and lake) in combination with a modern surface lineament structural study confirms and enhances at least 11 priority target areas characterized by elevated concentrations of gold and arsenic combined with underlying or nearby structural features. These attributes are important characteristics for the structurally related orogenic gold style mineralization observed at Motherlode. The accompanying geochemical figure (Figure 1) illustrates numerous target areas identified to date by the Company’s latest work. None of the target zones have seen a modern ground geophysical survey, and only one zone has been drill tested in the past, by way of a shallow drill program in 2007.

Figure 1: Motherlode Gold and Arsenic Geochemical Anomalies

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1718/104031_1534d0e5045bbbb6_003full.jpg

In addition to the data compilation, a property-wide high sensitivity airborne magnetic-radiometric geophysical survey has recently been completed at the project. Following receipt and review of the airborne magnetic data, the Company expects to commence a follow up field program of detailed sampling, geological mapping and ground geophysical surveying within prioritized areas of the project for ongoing advancement and target delineation. See the accompanying maps or the Company’s website (www.precipitategold.com) for summary illustrations and additional Motherlode related figures.

Jeffrey Wilson, Precipitate’s President and CEO commented, “We’re pleased to complete this important compilation of existing data as a cost-effective means of advancing the project. The data derived from the first fully comprehensive digital desktop review of the Motherlode’s historical geochemical and geological data in conjunction with our structural study has refined and improved our understanding of the Project’s potential for hosting gold mineralization. We’re excited to apply the insight derived from this new data compilation with pending airborne magnetic data in identifying prospective zones for follow up groundwork and prioritizing potential drill targets.”

Motherlode Gold Project, Major Attributes:

  • Historical data identifies at least 11 newly prioritized target areas characterized by elevated concentrations of gold and arsenic with underlying or nearby structural features;
  • Select Historical sampling highlights*: Rock grab samples: 25.0 g/t Au, 15.7 g/t Au, 11.6 g/t Au, 6.3 g/t Au & 4.5 g/t Au. Channel samples: 0.5m of 4.5 g/t Au, 1.5m of 10.1 g/t Au, 6.2m of 3.6 g/t Au;

  • Located within Newfoundland’s Burin Peninsula, a current gold exploration focus of many other junior explorationists.
  • District-scale potential within a 12,350 hectare project, an estimated 16.5-km long exploration trend hosted in late Proterozoic-age Burin Group volcanic and ultramafic rocks; and
  • Excellent year-round road access, with highway access, a high-power electrical line bisecting the project, and nearby Atlantic Ocean ports.

For reference: g/t = grams per tonne, Au = gold, m = metres

* High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property.

Motherlode Property:

The Motherlode Gold Project is located in the southeastern region of Newfoundland’s Burin Peninsula approximately 3.5 hours by road from Gander and/or St. John’s. The Project has excellent access and logistical infrastructure, with year-round road access, a high-power electrical line bisecting property, and nearby Atlantic Ocean ports. By way of a combination of staking and property option agreements, the Company has exclusive rights to acquire a 100% interest in the Project mineral exploration licenses (covering 12,350 hectares), subject to a 1.5% and a 2.5% NSR.

The Motherlode project covers a ~16.5-kilometre-long gold exploration trend of late Proterozoic-aged Burin Group volcanic and ultramafic rocks. Exploration by Precipitate and predecessors indicates that the Project’s northeastward trending Burin Group lithologies host at least eight known gold occurrences of structurally related orogenic gold style mineralization, where gold enriched quartz veins and quartz-silica stockworks are strongly associated with shears, schists and folds containing a generally low sulphide concentration. The presence of strong silica alteration with pyrite (+5%) and arsenopyrite are favourable indicators for gold enrichment, particularly when hosted within metavolcanics (quartz-chlorite-sericite schist) or ultramafics (gabbro).

The Company’s digital data compilation and interpretation for the historical Motherlode data set includes a few generations of geological maps, trench maps, prospecting, rock/soil/till/stream-lake sediment sampling, cut grid lines, limited ground magnetic geophysics and eight diamond drill holes (totalling 902 metres). The historical geochemical sample data includes 231 lake sediment, 944 rock, 1,128 soil, 69 stream sediment and 69 till samples. The Project’s historical geochemical samples collected by past operators (Newfoundland Government and private sector exploration companies and local prospectors) were collected on a wide range of surface densities and were submitted to various laboratories including Eastern Analytical, Activation Laboratories and Assayers Canada, with wide variety of analyses ranging from fire assay for gold only to multi-element ICP-MS analysis (no gold analysis). All data is stored in various digital formats and is in the Company’s possession.

This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards.

About Precipitate Gold:

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company’s Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company’s portfolio and increase shareholder value, in other favourable jurisdictions.

Additional information can be viewed at the Company’s website www.precipitategold.com.

On Behalf of the Board of Directors of Precipitate Gold Corp.,
“Jeffrey Wilson”

President & CEO

For further information, please contact:

Tel: 604-558-0335
Toll Free: 855-558-0335
[email protected]

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

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.‘s (“Precipitate” or the “Company”) current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104031








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Troubadour Amends Texas Project Option Agreement and Announces Proposed Consolidation

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2021) – TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC Pink: TROUF) (the "Company") is pleased to…

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2021) – TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC Pink: TROUF) (the “Company”) is pleased to announce that it has reached an agreement with the Vendor of the Texas Gold project, located in the historic Beaverdell Mining Camp in southern, B.C., to extend the payments due on the Year 1 anniversary of the agreement by up to 6 months for consideration of $5,000. All other terms of the option remain the same.

Proposed Share Consolidation

The Company also wishes to announces that it intends to consolidate its issued and outstanding common shares at a ratio of two and a half (2.5) pre-consolidated shares to one (1) post-consolidation share (the “Consolidation“). The purpose of the Consolidation is to facilitate the Company’s ability to attract future financings, put the Company in a better position to complete acquisitions and generate greater investor interest.

The Company currently has 35,452,835 common shares issued and outstanding. Upon completion of the Consolidation, the Company anticipates there will be 14,181,134 common shares issued and outstanding.

“The share consolidation will put the Company in a better position to create significant value more reflective of its existing assets and any potential new acquisitions. Share consolidations are typically viewed in a negative context, but in this instance, we view it as a very positive move for the Company,” states Company President Geoff Schellenberg.

In accordance with the Company’s Articles, the Consolidation is not subject to shareholder approval. The Consolidation is subject to acceptance from the TSX Venture Exchange.

About Troubadour

TROUBADOUR RESOURCES INC. (TSXV: TR) (OTC Pink: TROUF) is a public Canadian mining exploration company focused on copper and gold in British Columbia, Canada. The Company is managed by an experienced team consisting of youthful and seasoned professionals with proven track records as mine finders. The newly acquired Texas gold property diversifies the Company’s commodity focus and compliments Troubadour’s Amarillo copper project located 10 km south of the past-producing Brenda Mine in southern BC and 35 km east of Kodiak Copper’s MPD discovery.

For further information please contact:

Troubadour Resources Inc.
625 Howe Street, Suite 488
Vancouver, BC V6C 2T6
Geoff Schellenberg, President
Office: (604) 681-0221
[email protected]

Forward Looking Information

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements.

NEITHER 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/105761




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Apex Resources Provides Company Updates

  

November 30, 2021 – TheNewswire – Vancouver, BC. – Apex Resources Inc. ("Apex” or "the Company") (TSXV:APX) (OTC:SLMLF) announces that the Cease…

  

November 30, 2021 – TheNewswire – Vancouver, BC. – Apex Resources Inc. (Apex” or “the Company”) (TSXV:APX) (OTC:SLMLF) announces that the Cease Trade Order imposed by the British Columbia Securities Commission (BCSC) on November 19, 2020 has been revoked and its common shares resumed trading on the TSX Venture Exchange (TSXV) on November 25, 2021.  

 

The Cease Trade Order issued by the BCSC was lifted on completion of a revocation process with the BCSC following the filing of an updated Tungsten Resource Estimate on Apex’s Jersey Emerald Project in B.C. as per its September 14, 2021 news release.

 

The updated Resource Estimate confirms a significant tungsten (WO3) resource on the property with associated gold and molybdenum. There is an Indicated Resource of 1,472,803 tonnes at a grade of 0.173% WO3, 0.050g/t Au and 0.021% Mo and an additional Inferred Resource of 5,128,045 tonnes at a grade of 0.227% WO3, 0.081g/t Au and 0.026% Mo (September 14, 2021 news release). Apex will be filing for multi year permits for follow-up drilling at Jersey.

 

The Jersey-Emerald tungsten-zinc property is host to British Columbia’s second largest historic zinc mine and Canada’s second largest historic tungsten mine. Operations by Placer Development Ltd., the previous operator from 1947 to 1973 saw 7,968,080 tons of lead-zinc ore grading 1.95% Pb and 3.83% Zn, mined and milled and 1,597,802 tons of tungsten ore grading 0.76% WO3 mined and milled. The project has excellent infrastructure including power, water, extensive underground development and an educated nearby work force.

 

About Tungsten:

Tungsten is an extremely hard and durable metal with the highest melting point of all elements.  Because of these qualities there are no substitutes and tungsten is vital to a broad range of commercial and military applications. There are currently no North American mines producing tungsten and the west depends on recycling and imports to meet its tungsten needs. Because of possible supply disruptions tungsten is on the Critical Minerals Lists for both Canada and the USA.

Warrant Extension:

Apex is pleased to announce that the Company has received approval from the TSX on the extension of 5,769,231 warrants exercisable at $0.14 per share which expired on July 24, 2021, now extended until July 24, 2022.  The warrants were issued pursuant to a private placement of 5,769,231 shares with 5,769,231 share purchase warrants attached exercisable at $0.14 per share, which was accepted for filing by the Exchange, effective July 28, 2020.

 

About Apex Resources Inc.

Apex is a Canadian mining exploration and development company focused on British Columbia and the Yukon Territories. Apex is presently focused on the advancement of its Jersey-Emerald tungsten-zinc property and its Ore Hill gold property in southern BC.

 In February final assay results for the 2020 diamond drill program at Apex’s Ore Hill property returned 47 significant gold intersections from 12 holes. Highlights included 11.02 g /t Au over 1.06 metres, 7.10 g/t Au over 1.11 metres, 5.27 g/t Au over 1.59 metres and 289.97 g/t Au over 0.30 metres (Feb 17, 2021 news release). The Ore Hill gold property includes the historic Ore Hill and Summit gold mines located in the Sheep Creek Gold camp.

Apex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario and the Mengapur copper-gold-molybdenum porphyry deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under development by Monument Mining Ltd.

For further information on the Company’s projects, visit www.apxresources.com.


Arthur G. Troup, P.Eng., Geological
President and CEO

For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: [email protected] or [email protected]

 

This release was prepared by Apex’s management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed “forward-looking statements.” All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex 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 the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex’s filings that are available at www.sedar.com or Apex’s website at www.apxresources.com.

          

Copyright (c) 2021 TheNewswire – All rights reserved.







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Globex Options Large Joutel Land Package

ROUYN-NORANDA, Quebec, Nov. 30, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart,…

ROUYN-NORANDA, Quebec, Nov. 30, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Globex has optioned our Eagle Northwest, Gagné and Valrennes claim packages totaling approximately 50 square kilometres (191 claims), in the Joutel Mining Camp of Northwestern Quebec to Orford Mining Corporation (ORM-TSXV).

Figure 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ddd14f92-66b7-49af-8504-ba32ac40c8a7

Geological Map with gold and copper showing on the Joutel Eagle Property
Drilling intervals are down-hole lengths from historical data. True thicknesses cannot be estimated with available information. The technical information presented in this release was obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources and has not been independently verified by a Qualified Person as defined by NI 43- 1013.

Globex’s Eagle Northwest property herein and hereafter called the Joutel Eagle Property to coincide with Orford nomenclature, covers 11 kilometres of the Casa Berardi structural zone, south splay (CBSZ) which is associated with several mineral deposits such as the Casa Berardi Gold Mine and the polymetallic Estrade Mine. In addition, 11 kilometres of the northwestern extension of the Eagle/Telbel Gold Mine horizon has been shown by Globex’s recent detailed aeromagnetic survey to traverse the entire strike length of the property. Within this property, previous drilling roughly defined the “South Gold Zone” over a strike length of approximately 700 metres and to a depth of 500 metres. This historical gold zone is open to depth as are a number of other areas of gold mineralization intersected in previous drilling.

On the Gagné claims, surface sampling produced assays grading up to 26.2 g/t Au over 3.0 m in trenching (GM54803).

Lastly, the Valrennes claims, toward the western portion of the mining camp, have several clusters of very strong airborne electromagnetic anomalies which have received limited follow up and have potential to indicate the presence of gold and/or base metal bearing stringer or massive sulphides.

Under the option agreement, Orford may earn 100% interest in the claims by fulfilling the follow terms:

  1. The payment of $1,650,000 (half in cash and half in Orford shares) over a five year period of which $425,000 in the first 12 months is a firm obligation;
  2. A work expenditure of $2,775,000 of which $525,000 is a firm obligation within the first 24 month period.

Globex will retain a 3.5% Gross Metal Royalty (GMR), 1.5% of which Orford may purchase for a cash payment of $2,000,000.

Globex is pleased to be optioning this large land package to Orford which has good exploration experience in the area.

Shareholders should note that Globex has also recently optioned our Eagle Gold Mine property to Maple Gold Mines Ltd. (see Globex press release dated July 19, 2021 and Maple’s work update in Maple’s press release dated October 7th, 2021).

Apart from the Orford and Maple option deals, Globex retains two sizable claim packages in the Joutel Mining Camp, the former Poirier Mine and Joutel Copper Mine both of which Globex considers to have significant exploration potential in addition to historical resources.

Figure 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d473ca12-79a4-42c9-ab48-2a6130a7f5dd

Casa Berardi: Hecla Mining, Mineral Resources Statement as of December 31, 2019. https://www.hecla-mining.com/casa-berardi/ Estrades: Technical report on the Mineral Resources Estimate for the Estrades Project, Northwestern Quebec Canada. Galway Metals, November 5, 2018, Amended March 15, 2019. Eagle /Telbel: Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources. April 20,2020 DV93-01. Douay: Maple Gold Mines. Mineral Resource Statement as at October 24, 2019. https://www.maplegoldmines.com/index.php/en/projects/douay-gold-project#isDouayResourceEstimate . Vezza: Mineral Resources Estimate for the Vezza Project, located 25 km south of Matagami, Quebec, Maudore Minerals Ltd. December 31, 2012. Poirier Copper/Joutel Copper: Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources. April 20,2020 DP346, GM44192. Sleeping Giant: Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources. November 13,2020. DV-2010-01 Mine Selbaie: Système d’information géominière of Québec “SIGEOM”, Quebec Ministry of Energy and Natural Resources. November 1,2021,  DV 2000-02

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour.   Foreign Private Issuer 12g3 – 2(b)
  CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1

Tel.: 819.797.5242
Fax: 819.797.1470
[email protected]
www.globexmining.com

Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”.  These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.  A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.





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