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Fabled Retracts Certain Technical Disclosure in Respect of the Muskwa Copper Project

VANCOUVER, BC / ACCESSWIRE / October 26, 2021 / Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is issuing the following…

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VANCOUVER, BC / ACCESSWIRE / October 26, 2021 / Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is issuing the following news release to retract certain technical disclosures made in relation the Muskwa Copper Project.

The Company wishes to retract and clarify certain technical disclosure made in the following media:

  1. a video (the “Video”) posted to the Company’s website and social media channels on August 11, 2021 entitled “Fabled Copper Update”;
  2. the Company’s management information circular (the “Circular”) dated September 27, 2021 in respect of its Annual General and Special Meeting to be held on October 28, 2021, and filed on the Company’s profile on SEDAR on October 1, 2021; and
  3. the Company’s 43-101 Technical Report (the “Technical Report”) entitled “Technical Report on the Muskwa Project” dated July 6, 2021 and posted to the Company’s SEDAR profile on October 1, 2021 and the SEDAR profile of it’s wholly owned subsidiary, Fabled Copper Corp. on September 27, 2021.

Video

In the Video the Company made certain disclosures and statements regarding historical reserves and resources based upon a feasibility study conducted on a portion of the Muskwa Project in 1970 and speculated regarding the calculation of potential reserves and resources. Such statements are retracted by the Company and should not be relied upon. The Company has removed the video from its website and all social media channels. The Company confirms that the Muskwa Project is an early stage property without a Mineral Resource or Mineral Reserve, and as such, cannot support any feasibility study or preliminary economic assessment.

Information Circular and Technical Report

Portions of the Technical Report were copied to, and summarized in, the Information Circular. The Company wishes to retract and clarify certain statements made in the Technical Report and copied to the Circular.

  1. the Company confirms that the Churchill Copper deposit is not considered economic and there is no current economic analysis done on any part of the Muskwa Project and retracts any statements that suggest otherwise.
  2. The Company wishes to retract all statements regarding historical estimates and historical mining studies. The Company confirms that the Muskwa Project is an early stage property without a Mineral Resource or Mineral Reserve, and as such, cannot support any feasibility study or preliminary economic assessment.
  3. The Company confirms that only historical development work has been done on the Davis-Keays Property and there is no current authority for attributing a value to such work and no work has been done to assess the current condition of such historical work. Any statement to the contrary is retracted.

The Company is preparing a revised Technical Report that it expects to file on SEDAR prior to the completion of its proposed listing on the Canadian Securities Exchange (the “Exchange”), which is expected to occur before December 31, 2021.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company’s mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

About Fabled Copper Corp.

Fabled Copper is a wholly owned subsidiary of the Company whose primary interest is in exploring the Muskwa copper Project located in Northern British Columbia.

The Company is in the process of spinning out Fabled Copper by distributing the shares it holds in Fabled Copper to the shareholders of the Company through a statutory plan of arrangement (the “Spin Out Transaction”). Concurrently Fabled Copper is applying to list its common shares on the Exchange following completion of the Spin Out Transaction.

Mr. Peter J. Hawley, President and C.E.O.
Fabled Silver Gold Corp.
Phone: (819) 316-0919
[email protected]

For further information please contact:
[email protected]

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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

Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company’s financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital

on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company’s continuous disclosure filings filed under the Company’s profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE: Fabled Silver Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/669763/Fabled-Retracts-Certain-Technical-Disclosure-in-Respect-of-the-Muskwa-Copper-Project




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DIOS Drills First Priority Artificial Intelligence Target on K2 & Related Gold-Copper Soil Anomalies

MONTREAL, Dec. 09, 2021 (GLOBE NEWSWIRE) — DIOS Exploration Inc. (“DIOS”) (TSX-V: DOS) reports successful drilling of first priority Artificial…

MONTREAL, Dec. 09, 2021 (GLOBE NEWSWIRE) — DIOS Exploration Inc. (“DIOS”) (TSX-V: DOS) reports successful drilling of first priority Artificial Intelligence (AI) target on wholly-owned K2 property, with good related gold-copper-As in B-soil anomalies.

Windfall Geotek (TSX-V:WIN, OTC: WINKF), a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector, provided a significant size AI Gold target covering a 0.87 km2 area on K2.

A 3.5 km-long minimum electromagnetic conductor (ground VLF) associated with a good eastwest magnetic structure crosses this AI target.

DIOS drilled two holes in section for 260 m in the middle of the 0.87 km2 AI target, cross-cutting the 3.5 km EM and magnetic structure. Both drill holes started in mineralized rocks, hitting a 53.65 meters thick sequence of one to forty percent disseminated (& in stringers) sulfides, that is pyrrhotite-pyrite, within chert/ mafic-intermediate volcanic tuffs/ graphitic argillites overlying a several m thick (3 -7.32 meters) massive sulfide horizon (70-90% pyrrhotite-pyrite).  

The AI target is coincidental with the significant km size A48 target, previously defined south of Opinaca Fault, near cross-cutting structures such as NW-SE Kali Fault extent and near strategic volcanic contacts.   Results are pending.

The K2 property covers 83.5 sq. km, SW of Azimut’s Elmer gold property, James Bay Eeyou Istchee, Quebec. Technical content of this release was prepared by M.J. Girard Geo M.Sc., 43-101 Qualified Person.

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.

Contact information :  
Marie-José Girard, P. Geo M.Sc., 43-101 QP  
President  
[email protected]   
Tel. (514) 923-9123  Website: www.diosexplo.com







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AFR Commences IP and Mag Survey

Toronto, Ontario – TheNewswire – December 9, 2021 –  AFR NuVenture Resources Inc. (the "Company") [TSXV:AFR] announces that it has commenced a geophysical…

Toronto, Ontario – TheNewswire – December 9, 2021  AFR NuVenture Resources Inc. (the “Company”) [TSXV:AFR] announces that it has commenced a geophysical program at the Silver Bell-St. Lawrence (“SBSL”) project (the “Project”) near Virginia City, Montana. The program will include magnetic and resistivity/induced polarization (IP) surveys. The purpose of the program is to attempt to identify and define additional sulfide-bearing veins or other mineralization, and establish drill targets.

As has been reported earlier, the Project hosts two past producing gold-silver mines, the Silver Bell Mine on the west and the St. Lawrence Mine on the east. Both mines operated in the early 1900s and the St. Lawrence was reactivated and operated in the early 1980s. Historical production records are incomplete but available information suggests that historical production at the St. Lawrence was approximately 0.22 ounces per ton (“opt”) gold and 3.8 opt silver. Smelter receipts for small shipments from the St. Lawrence indicate that some ore with much higher grades was shipped. For example, a smelter receipt from October 30, 1964, states that 8.027 tons were received grading 0.76 opt gold and 20.0 opt silver. Historical production at the Silver Bell averaged approximately 0.2 opt gold and 15.1 opt silver.

The shafts for each of the former mines are located 3,600 feet apart and the exploration hypothesis is that the two mines shared mineralized systems that may in part be contiguous. A VLF geophysical survey and surface sampling in 2011, and follow-on surface sampling in 2019 support this initial hypothesis and indicate an offset extension of the vein system farther east along strike from the St. Lawrence mine.

In November 2019 a total of 2,111.5 feet of core drilling was completed in 12 holes sited east and west along strike from the headframe of the former St. Lawrence mine and results of this program were reported in a NI-43-101 technical report (the “Technical Report”) by Dr. John Childs dated May 27, 2021 and filed under the Company’s documents on SEDAR (www.sedar.com) in conjunction with the Company’s press release on August 30, 2021. The holes were designed to test the depth, extent, thickness, and grade of the vein system that was worked previously on at least two levels from an inclined shaft at the headframe. In addition, geologic mapping, and surface sampling of veins, wall rocks, and dumps was completed. This was the first drilling program conducted on SBSL by the Company.

  • Nine (9) vein intercepts were encountered ranging from 0.21 meters in core width to 2.8 meters and an average thickness of 1.17 meters. 

  • Average weighted values for the 9 intercepts were 4.94 g/T Au and 65.35 g/T Ag. 

  • A 34.4 g/T Au intercept was encountered 40 meters down the dip of the veins from the 150 Level of the old workings demonstrating both the potential for grade and the potential at depth. 

  • A 34.4 g/T Au over 0.61 meters (core width) intercept was encountered at the western limit of the 2019 drill pattern and should be tested for the potential of a high-grade ore shoot based on that drill result and recent geologic mapping. 

  • An untested mineralized fault zone east of the mine was identified through geologic mapping and is coincident with the strongest VLF geophysical response on the property. This is a high priority drill target. 

  • Drilling in 2019 tested only 150 meters of the approximately 1,100 meters of known strike length along the SBSL vein system. Additional geologic mapping, surface sampling and drilling is recommended along the undrilled sections of the veins. 

  • Several of the holes, including SL 19-4C and SL 19-12C intercepted additional veins that do not appear to correlate with the two veins in the historical workings, opening the possibility of a multiple-vein system. 

These vein intercepts also reported strongly anomalous base metal values up to 460 ppm copper, 2060 ppm zinc, and 7400 ppm lead.

Dr. John Childs, in the Technical Report, recommended, among other things, that geophysical surveys may help in defining drill targets between the two mines, along strike east of the St. Lawrence mine, and southwest of the Silver Bell mine and that follow-on core drilling, designed to extend mineralization along strike and down dip near the St. Lawrence headframe and along the undrilled, eastern extension of the St. Lawrence vein should be considered.

The current geophysical surveys are being conducted by Clark Jorgensen of Big Sky Geophysics, Bozeman, Montana in consultation with Dr. Childs.

Pursuant to an agreement with Frederick Private Equity Corporation (“FPEC”), the Company may initially earn a 51% interest in the Project by making certain option payments and spending US$1,000,000 in exploration expenditures by March 2023. The SBSL is originally under option by FPEC from Peloton Minerals Corporation, and FPEC may earn up to a 75% interest in the Project by making certain option payments and spending US$2,000,000 in exploration on the Project by March 2025. The full terms of the option agreement are set out in the Company’s press release dated April 26, 2019.

John Childs, PhD, is the qualified person responsible for approving the technical information contained within this release pertaining to the Project.

The Company is continuing to investigate and conducting due diligence on other projects in keeping with its objectives and is nearing completion of its new website which is expected to be launched this month.

On behalf of the Board of Directors,

“John F. O’Donnell”

John F. O’Donnell, Chairman and CEO

For more information on the Company, investors should review the Company’s filings on SEDAR at www.sedar.com.

Neither 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 contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook.

Such statements include, among others, those concerning the Company’s exploration plans, its examination of other opportunities, and its expectations regarding the launch of its new website. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding its ability to initiate and complete future exploration work as expected and acquire and finance other projects. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s future exploration work, technical, safety or regulatory issues, social and market conditions related to the COVID-19 global pandemic; the worldwide economic and social impact of COVID-19; the duration and extent of COVID-19; changes in general economic conditions; the imposition of government restrictions on business related to COVID-19, any positive cases of COVID-19 at a project site or in the area which may cause a reduction or suspension in operations and activities which may ultimately affect and delay the exploration timeline.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

 

Copyright (c) 2021 TheNewswire – All rights reserved.





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Hemlo Identifies Targets Within 3 km of the Proposed Open Pit Pd-Cu Operation of Generation Mining

TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has identified sulphide…

TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has identified sulphide targets on the Company’s Pic Project approximately 3 kms east of Generation Mining’s Marathon Palladium-Copper (“Pd-Cu”) proposed open pit operation (“Marathon Deposit”) near Marathon, Ontario (Figure 1).

“We are very excited to have begun work on this prospective area near Generation’s project. The sulphide mineralization identified in a previous drill hole is encouraging as we move this project forward”, said Brian Howlett, President and CEO of the Company.

The Marathon Deposit is hosted in a late intrusive phase gabbro along the northern and eastern margin of the Coldwell Complex which intrudes the older Archean Schreiber-Hemlo greenstone belt. The Company’s recent prospecting and property evaluation at Pic has identified surface gabbro intrusions that are similar to the intrusions on Generation Mining’s property and that are enriched with Pd-Cu at the Marathon Deposit. The Company’s target development is guided by the magma conduit deposit model which is favoured to explain sulphide mineralization and other economic mineral enrichment at Marathon. Some of the key highlights for target development are as follows:

Highlights:

  • Radial, concentric and intersecting fault development, as a consequence of Coldwell Complex magma uplift and caldera collapse, served as conduits for the Pd-Cu bearing gabbroic magmas at the Marathon Deposit (Figure 2). These structures extend into the Archean country rocks on Hemlo Explorer’s claims, where north-south trending gabbro dykes have been observed from historic mapping.
  • 1983 ground magnetic and IP surveys show a linear north-south trend extending due south of a 2008 VTEM survey chargeability anomaly (Figure 3). The VTEM anomaly sits on an interpreted radial fault and is possibly an indication of sulphide mineralization.
  • Field mapping in 1983 and 1984 identify silicified and sericitized rhyolite breccia zones with a corresponding 1983 IP anomaly.
  • Sulphide mineralization returned from a 1985 historic drillhole BMN-03 approximately one kilometre east of the same 2008 VTEM anomaly as above and could be indicative of magma-country rock mixing and sulphide stripping with 10 intervals of variable pyrite, minor pyrrhotite and sphalerite mineralization in silica-sericite altered felspar porphyry breccia, plus multiple biotite lamprophyre dykes. Significant sulphide mineralization ranged from 15-100% and up to core interval lengths of 24 metres.
  • As noted on vertical section 5404700 N of the Generation Mining press release dated August 17, 2021 (www.sedar.com), sulphide stripping and deposition of the Coldwell Complex Eastern gabbro at the Marathon project occurred with mixing of the Archean basement rock with mineralization extending well into the footwall Archean basement rocks.

The target area’s structural, geophysical and aspects of the geological setting resembles that of the Generation Mining’s Marathon deposit located W-NW of Hemlo Explorer’s claims. Brian Howlett, CEO of Hemlo Explorers, commented “We are pleased to have identified some significant targets for active exploration. We are currently considering airborne VTEM and high-resolution magnetic surveys, the acquisition of high-definition LIDAR, drilling of the VTEM and magnetic high anomalies and trends. The compilation of historical data is well advanced and integral to the evolving geological interpretation.”

Figure #1 – Project Location Map
https://www.globenewswire.com/NewsRoom/AttachmentNg/7bf0c6cf-2e86-4598-9175-f955f49bc492

Figure #2: Regional Geology with Interpreted Concentric and Radial Faulting
https://www.globenewswire.com/NewsRoom/AttachmentNg/b21ff814-b005-4529-93a2-7d77cf676e49

Figure #3: Regional Magnetics and Historic Exploration
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d1ea900-fef3-47b4-a5a8-9c22b46490fa

Technical Information

Mr. Adrian Bray, P.Geo., Exploration Manager for the Company, is the “Qualified Person” as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for the accuracy of technical information contained in this news release.

About Hemlo Explorers Inc.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of properties in Ontario and Nunavut. We are focused on generating shareholder value through the advancement of our main Hemlo area projects, including the Pic Project, North Limb, and Hemlo West.

For more information please contact:

Brian Howlett, President & CEO
Hemlo Explorers Inc.
[email protected]
(647) 227-3035

http://www.hemloexplorers.ca

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including, but not limited to, exploration results, potential mineralization, statements relating to mineral resources, and the Company’s plans with respect to the exploration and development of its properties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Hemlo Explorers Inc., including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing, exploration risk and Covid-19 pandemic related orders. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.









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