Minera Monte Aguila to assume operatorship of Anzá Project
LONDON, UK / ACCESSWIRE / September 7, 2021 / Orosur Mining Inc. ("Orosur" or the "Company") (TSX:OMI)(AIM:OMI), announces that it has been informed by its Colombian Joint Venture ("JV") partner, Minera Monte Águila SAS ("Monte Águila") that it has elected to exercise its right to assume operatorship of the Anzá Project in Colombia.
Monte Águila is a 50/50 JV between Newmont Corporation ("Newmont") (NYSE:NEM, TSX:NEM) and Agnico Eagle Mines Limited ("Agnico") (TSX:AEM), and is the vehicle by which these two companies jointly exercise their rights and obligations with respect to the Exploration Agreement with Venture Option ("Exploration Agreement") over the Anzá Project.
The Anzá Project now moves into its fourth year of Phase 1 during which time a further US$4 million is required to be spent pursuant to the Exploration Agreement.
The Exploration Agreement specifies a notice period of 90 days for the assumption of operatorship to become effective, however this period is largely to allow sufficient time for various staff and operating contracts to be moved across from the Company's local subsidiary, Minera Anzá to Monte Águila. This process will commence immediately, but it is expected to take substantially less than the allowed 90 days.
Operationally, this change in operatorship is not expected to result in major changes, with most of the existing staff continuing in their current roles. Furthermore, while Monte Águila manages the Anzá Project, Minera Anzá will continue to be the 100% owner of the licences, until such time as Monte Águila has met its financial obligations with respect to the Exploration Agreement and elected to move to Phase 2 in September 2022.
Orosur CEO Brad George commented:
"It is with pleasure that we note the decision by Monte Aguila to assume operational control of the Anzá Project and to move into the fourth year of Phase 1, during which time a further minimum of US$4 million is required to be spent. While little may change on the ground, the decision by our partners to step in and operate the project is testament to the scale of its exploration potential."
For further information, please contact:
SP Angel Corporate Finance LLP - Nomad & Joint Broker
Jeff Keating / Caroline Rowe
Tel: +44 (0) 20 3 470 0470
Turner Pope Investments (TPI) Ltd - Joint Broker
Tel: +44 (0)20 3657 0050
Flagstaff Communications and Investor Communications
Tel: +44 (0)207 129 1474
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
About Orosur Mining Inc.
Forward Looking Statements
All statements, other than statements of historical fact, contained in this news release constitute "forward looking statements" within the meaning of applicable securities laws, including but not limited to the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release.
Forward-looking statements include, without limitation, the exploration plans in Colombia and the funding from Monte Águila of those plans, Monte Águila´s decision to continue with the Exploration and Option agreement, the ability for Loryser to continue and finalize with the remediation in Uruguay, the ability to implement the Creditors' Agreement successfully as well as continuation of the business of the Company as a going concern and other events or conditions that may occur in the future. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach profitable levels of operations and to reach a satisfactory implementation of the Creditor´s Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward looking statements. Such statements are subject to significant risks and uncertainties including, but not limited, those as described in Section "Risks Factors" of the MDA and the Annual Information Form. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact firstname.lastname@example.org or visit www.rns.com.
SOURCE: Orosur Mining Inc.
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Harvest Gold Receives Preliminary 3D IP results at Emerson; Updates the completed RAB drilling at Emerson and the completed 2D IP at Goathorn
Vancouver, British Columbia – TheNewswire – September 16, 2021 – Harvest Gold Corporation (“Harvest”, “Harvest Gold” or the “Company”)…
Vancouver, British Columbia - TheNewswire – September 16, 2021 – Harvest Gold Corporation (“Harvest”, “Harvest Gold” or the “Company”) (TSXV:HVG) is pleased to announce that it has received Preliminary IP results for its 100% owned Au-Cu Emerson Property (the “Emerson Property”) located in central B.C. The 56 km2 Emerson Property comprises 14 contiguous mineral claims located 15 km west of Houston, B.C. with a nearby railroad, high voltage powerline and gas pipeline.
Harvest Gold President and CEO, Rick Mark, states: “The exploration programs at our Emerson Property were designed to increase our general understanding of the mineral potential of the property and define precise gold targets under thin glacial cover. Multi-disciplinary geological, geochemical, and geophysical exploration methods have been deployed and today we are providing preliminary results to the market, and they are most encouraging. The Harvest Technical Team met Friday to begin discussions on drill targets and drilling costs. The good news is it appears we will be able to drill into the winter, so hope to be starting in late October of this year.”
Emerson 3D IP Survey
The 3D IP survey over the Emerson Property has now been completed with the final results pending.
Daniel Lui, MSc, P.Geo., Senior Project Geologist, Equity Exploration Consultants Ltd. states: “The Dias geophysics team has confirmed that there is a “healthy” and discrete chargeability and coincident conductivity anomaly through the centre of the Emerson IP grid. This chargeability feature continues to the NW of the historically mapped “alteration zone”.”
Daniel continues: “Their team is still in the process of extracting the data from the field instruments, but from the data we have received we have confirmed that we have captured the whole anomaly to the west and east of the survey area. Additionally, it appears we have a strong chargeability feature continuing to the NW where we have permitted drill pad locations planned along Road #1. A more complete report with refined figures and images and initial interpretations by Dias is expected within two weeks.”
Emerson RAB Program
The preliminary results from the RAB drilling program, which are currently being processed and validated, have helped identify in-situ alteration under cover.
Visual analysis of chip samples from the RAB drilling have shown that some of the historical trenches did not reach bedrock while the current RAB program has been able to better define the actual location of altered intrusive rock under glacial cover. The upcoming analytical work will utilize mineralogy and geochemistry to help Harvest Gold precisely vector into gold targets obscured by glacial cover at the Emerson Property.
Goathorn 2D IP Program
The Company confirms that the 2D IP survey over the Goathorn prospect designed to pursue Gold-Copper porphyry anomalies has been completed.
The preliminary results from the IP survey indicate that the survey successfully tested up to 480 m below surface. The final processing and inversion of the results for interpretations and targeting has begun.
Qualified Person Statement
The disclosure of technical or scientific information in this press release has been reviewed and approved by Warren Bates, P.Geo. Director of Property Investigations for Harvest Gold. Mr. Bates serves as a Qualified Person under the definition of National Instrument 43-101.
About Harvest Gold Corporation
Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface Gold deposits and Copper Gold Porphyry deposits. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold acknowledges that the Emerson and Goathorn Projects are situated in the traditional territory of the Wet’suet’en Nation while the Jacobite Project is situated in the traditional territory of the Lake Babine Nation. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or email@example.com
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.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
This news release may include technical information that was generated prior to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of this historical technical data are unknown to Harvest Gold, and the drill material, assay results, true width of intercepts herein cannot be and have not been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.
A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies’ press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company’s properties.
Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.
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 may differ materially from those in the forward-looking statements. Factors that could cause the 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 actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2021 TheNewswire - All rights reserved.drilling intercepts tsxv-hvg harvest-gold-corp financing press-release
Addition to Bathurst Advisory Board
Vancouver, British Columbia – TheNewswire – September 16, 2021 – Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the…
Vancouver, British Columbia - TheNewswire - September 16, 2021 - Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the Board of Directors, Mr. Lorne Warner P.Geo., President of Bathurst Metals Corp. is pleased to announce Dr. Guowei Zhang Ph.D., P.Geo. has agreed to join the company’s Advisory Board. Mr. Warner stated “We’re pleased to welcome Dr. Zhang to the Company’s Advisory Board. His experience and expertise, in particular his extensive knowledge of structural geology, is a welcome addition to the Bathurst team. We were grateful to have him as part of our team on the Company’s just completed Nunavut properties mapping and sampling program.”
Dr. Guowei Zhang PhD. P Geo
Dr. Zhang has over 30 years’ experience as a consulting geologist, well recognized for his specialized work in Structural Geology. He received his Ph.D. From McGill University in 1994 and since then has worked extensively throughout Canada, the United States, Asia and Africa. Dr. Zhang is a Fellow of the Geological Association of Canada.
For more information contact Lorne Warner, President firstname.lastname@example.org
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.
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
665 DOUGALL ROAD, GIBSONS BC WWW.BATHURSTMETALS.COM
Copyright (c) 2021 TheNewswire - All rights reserved.tsxv-bmv bathurst-metals-corp press-release
Blue Lagoon’s Toll Mill Partner Sends Out Second Shipment of Gold & Silver Concentrate
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that…
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that the Company's toll milling partner, Nicola Mining ("Nicola"), has now sent a second shipment of concentrate made from the mineralized material from the Dome Mountain underground mine. The shipment, sent to Ocean Partners UK Limited, a leading European based commodities trading company with offices in six countries around the world, contained 96.7 dry tonnes of gold and silver concentrate grading 93 g/t Au and 468 g/t Ag. All concentrate assays were completed at Base Met Labs, an accredited metallurgical testing facility located in Kamloops, BC.
"Combined with the first 40 tonnes of concentrate that were shipped (see news release September 1, 2021), Nicola has now sent a total of 136.8 dry metric tonnes of concentrate having a total value of approximately CDN $823,000," said Rana Vig, President and CEO of Blue Lagoon Resources. "With an already healthy treasury of nearly $9 million, plus more than $4 million in-the-money warrants and no debt, the additional cash that we will receive from the sale of this concentrate will continue to ensure that we have a significant runway to execute on our aggressive exploration plans on a project that's been relatively unexplored and under the radar," he added.
Bags full of gold and silver concentrate made from Dome Mountain mineralized material are readied and await shipping at Nicola's milling facility in Merritt, B.C.
Trucking of the Dome Mountain mineralized material, which began on June 14, 2021, continues with 10 to 15 trucks leaving the mine site on a weekly basis. To date more than 110 - forty ton trucks - have been dispatched to Nicola, delivering over 4000 tonnes of the Dome Mountain high-grade mineralized material. Weekly shipments are expected to continue until all 6,000 plus tonnes of material have been removed from the underground mine and processed at the Nicola Mining mill (see news release July 7, 2021).
The scientific and technical data contained in this news release was approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.
For furtherinformation, please contact:
President and Chief Executive Officer
The CSE has not reviewed and does not accept responsibility for the adequacyor accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities that may not show quality and quantity necessary for upgrading mineralization classification or for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Blue Lagoon Resources Inc.
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