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GCM Mining Files National Instrument 43-101 Technical Report for Its Toroparu Project in Guyana

TORONTO, Jan. 13, 2022 (GLOBE NEWSWIRE) — GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it…

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TORONTO, Jan. 13, 2022 (GLOBE NEWSWIRE) — GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has filed a technical report and preliminary economic assessment (the “Technical Report”) pursuant to National Instrument 43‐101 – Standards of Disclosure for Mineral Projects (“NI 43‐101″) for its Toroparu Gold Project located in the Upper Puruni River Region of Western Guyana. The Technical Report dated January 11, 2022, with an effective date of December 1, 2021, supports the disclosure made by the Company in its December 1, 2021 news release and was prepared by Nordmin Engineering Ltd. The Technical Report is based on the updated Mineral Resource estimate for the Toroparu Gold Project with an effective date of November 1, 2021.

About GCM Mining Corp.

GCM Mining Corp. is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas. The Company also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to its anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in the Company’s Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
[email protected]

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Cruz Battery Metals Expands Solar Lithium Project in Nevada Directly Bordering American Lithium Corp.

Vancouver, British Columbia–(Newsfile Corp. – January 28, 2022) – Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) ("Cruz" or the…

Vancouver, British Columbia–(Newsfile Corp. – January 28, 2022) – Cruz Battery Metals Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A3CWU7) (“Cruz” or the “Company”) is pleased to announce that it has expanded the 100-percent owned ‘Solar Lithium Project’ in Nevada by approximately 1,920 contiguous acres to now encompass 8,135 total contiguous acres. The ‘Solar Lithium Project’ directly borders American Lithium Corp.‘s TLC project (see map below). This strategically located land was added based on the data gathered so far on the ‘Solar Lithium Project’.

On January 17, 2022, the Company announced assays for first phase of drilling on the ‘Solar Lithium Project’. Multiple intercepts of the targeted potential lithium-bearing claystone formation were encountered in all the holes drilled in this initial phase of drilling. Values in Hole-1 were as high as 1,300 ppm/Li and encountered lithium bearing clays from 10 feet to 200 feet with a 60-foot intercept averaging 968.33 ppm/Li. Hole-2 had a high value of 1120 ppm/Li including a 60-foot interval averaging 768 ppm/Li. Hole-3 was stopped while still drilling the targeted claystone due to a blizzard that made drilling impossible. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.

Jim Nelson, President of Cruz states, “Following the receipt of our initial drill results on the Solar Lithium Project in Nevada, we immediately decided to acquire significant, additional strategically located acreage, which directly borders American Lithium Corp.‘s TLC project, who have a current market capitalization of approximately $650 million. The Solar Lithium property is one of the largest in the region, and we have drilled less than 10 percent of this large land package. We are planning an aggressive follow up drill program to test a larger portion of this property now that we know there is significant lithium present. This new discovery is coming at a time when lithium prices are at all-time highs. Our goal is to locate and provide a new, domestically sourced, battery grade lithium deposit and we are pleased to have these initial drill results right in the heart of the top lithium address in the USA. Management is very optimistic about what this project will mean for Cruz in the near and long term, and we are very bullish for 2022 and beyond.”

Figure 1: Cruz Ownership Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4754/111921_4c390c4c04382801_002full.jpg

Qualified Person

The technical contents of this release were approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101. These new claims were acquired via staking.

About Cruz Battery Metals Corp.

Cruz currently has several projects located throughout North America. Cruz’s Nevada lithium projects consist of the 8,135-acre ‘Solar Lithium Project’ and the 240-acre ‘Clayton Valley Lithium Project’. Cruz’s three separate Ontario projects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this historic silver-cobalt producing district. Cruz’s Ontario projects, which are prospective for cobalt, silver, and diamonds, include the 988-acre Johnson cobalt project, the 6,146-acre Hector cobalt project, and the 1,458-acre Bucke cobalt project. Cruz’s BC project is the 1,542-acre War Eagle cobalt project. Cruz’s Idaho projects include the 2,211-acre ‘Idaho Cobalt Belt Project’ and the 80-acre ‘Idaho Star Cobalt Project’. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.

If you would like to be added to Cruz’s news distribution list, please send your email address to [email protected]

Cruz Battery Metals Corp.

“James Nelson”

James Nelson
President, Chief Executive Officer, Secretary and Director

For more information regarding this news release, please contact:
James Nelson, CEO and Director
T: 604-899-9150
Toll free: 1-855-599-9150
E: [email protected]
W: www.cruzbatterymetals.com
Twitter: @CruzBattMetals

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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/111921








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Sienna Commences Drilling on the Blue Clay Lithium Project in the Clayton Valley of Nevada

Vancouver, British Columbia–(Newsfile Corp. – January 28, 2022) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company")…

Vancouver, British Columbia–(Newsfile Corp. – January 28, 2022) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) (“Sienna” or the “Company”) is pleased to announce that the maiden multi-hole drill program on the Blue Clay Lithium Project in Clayton Valley, Nevada is now underway. This project consists of 94 contiguous claims totaling approximately 1950 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is home to the only currently producing lithium region in North America.

Jason Gigliotti, President of Sienna Resources, states: “It is very exciting to commence our maiden drill program on the Blue Clay Lithium Project right in the heart of the Clayton Valley, the preeminent address for lithium in North America. It is perfect timing to commence a drill program at a time when lithium demand and prices are at all-time highs. Nevada has become one of the most sought after lithium addresses in the world, and Sienna is located in multiple locations in this prolific region. I was physically on the property recently and I am very optimistic about the prospects for this project and expect to have a steady flow of news going forward.”

Clayton Valley, Nevada Lithium Map

To view an enhanced version of this Map, please visit:
https://orders.newsfilecorp.com/files/854/111922_59dc6c44a4671a73_002full.jpg

About Sienna Resources Inc.

Sienna Resources is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. Sienna is partnered with a New York Stock Exchange-listed mining company on two separate projects in Scandinavia including the past-producing Bleka and Vekselmyr orogenic gold projects in southern Norway which are both greenstone-hosted gold systems, and the Kuusamo platinum group elements (PGE) project in Finland directly bordering the LK Project being advanced by Palladium One Mining Inc. In North America, Sienna’s projects include the Marathon North platinum-palladium property in Northern Ontario directly bordering Generation Mining Ltd.’s 7.1-million-ounce palladium-equivalent Marathon deposit. Sienna also has the Clayton Valley Deep Basin Lithium Project in Clayton Valley, Nev., home to the only lithium brine basin in production in North America, in the direct vicinity of Albemarle Corp.’s Silver Peak deposit and Tesla Motors Inc.’s Gigafactory and the recently acquired Blue Clay Lithium Project in Clayton Valley Nevada. Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the company’s properties.

If you would like to be added to Sienna’s email list, please email [email protected] for information or join our twitter account at @SiennaResources.

Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
[email protected]

“Jason Gigliotti”
President, Director
Sienna Resources Inc.

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 press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111922









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United Lithium Corp. Lithium Hydroxide Testing Underway – Results Anticipated Late February

Tests are underway to evaluate variations in design and operating parameters including temperature, pH, initial concentration of lithium, and residence…

Tests are underway to evaluate variations in design and operating parameters including temperature, pH, initial concentration of lithium, and residence time to improve process flow-sheet

        Additional innovative proprietary testing underway – expectation for new intellectual property development

VANCOUVER, British Columbia, Jan. 28, 2022 (GLOBE NEWSWIRE) —

United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0UL) (“ULTH” or the “Company”), is pleased to provide an update on its lithium hydroxide testing program. Test work continues with lithium hydroxide results expected by the end of February.

Test work has included combinations of tests with various process design and operating parameters including temperature, pH, residence time, and different concentrations of lithium in the feed solutions. These tests are in progress utilizing an experimental apparatus which was constructed based on a modular design shown in Figure 1.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe28a3bb-048a-419a-84d5-f0b6b103bf38

This test work program is led by Dr. Abdul Halim, CTO of Process Research Ortech Inc. His out-of-the-box thinking and entrepreneurial spirit has already brought success to United Lithium’s program with improvements in lithium mineral concentrate production from petalite and spodumene feed materials, high lithium recovery rates to produce high-purity lithium carbonate, and improvements to chemical roasting by adding microwave energy. The innovations and testing implemented by Dr. Halim for the current program has provided the Company with several operational innovations and steps that may lead to process cost reduction and increased efficiency in lithium hydroxide production.

“It is a pleasure to work with United Lithium, and their cooperation and support with the innovative ideas and know-how have already led to many improvements in the lithium flow-sheet design. My plans for lithium hydroxide production could lead to a number of improved solutions versus the traditional processes. Our goal is to deliver improved and simpler processing steps and efficiencies, combined with reduced energy, reagents and water requirements,” states Dr. Abdul Halim, CTO of Process Research Ortech Inc.

“We are moving forward on multiple exploration and technology fronts simultaneously. United Lithium is keenly aware of the supply/demand imbalance in the lithium market. We are looking where possible to reduce timelines and move each of our projects toward completion of all-important feasibility studies, so we can economically and sustainably realize the value of our projects and technologies,” elaborated Michael Dehn, President and CEO of United Lithium.

United Lithium is now in discussion with several technical experts regarding the production of value-added consumer/industrial products from the feldspar, quartz and mica by-products that may be recovered in the mining of lithium pegmatites. This may enable no or low waste mining operations and enable environmentally friendly processing alternatives for these value-added products.

The detailed bench scale test work to develop a flowsheet for value-added by-products from residues/tailings was conceived and supervised by Dr. Abdul Halim, of Process Research Ortech Inc. He has more than 15 years of experience in evaluating, developing and optimizing innovative and sustainable technologies for critical metals including lithium, cobalt, nickel, rare earths (REEs), other base metals, PGMs, gold, and germanium from mined natural resources and recycled manufactured materials through bench, pilot, and demonstration plant operations. He has authored more than 50 scientific and technical papers, holds 5 US patents, and has authored a number of book chapters in these areas. He worked at FLSmidth, Salt Lake City, USA, and SGS Lakefield, Canada prior to joining Process Research Ortech Inc. as a VP Technology.

Mark Saxon (FAusMM), Technical Advisor to the Company, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure or Mineral Projects) and has prepared or reviewed the scientific and technical information in this press release.

On Behalf of The Board of Directors
Michael Dehn
Chief Executive Officer

Investor Relations
(604) 259-0889
[email protected]

Forward-Looking Statements Caution. This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future of the Company’s business, its product offerings and plans for marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward- looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

 


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