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Talisker Intercepts 1.98 g/t over 62.05 Metres at Pioneer Extending Mineralization to 600 Metres Along Strike

TORONTO, ON / ACCESSWIRE / September 22, 2021 / Talisker Resources Ltd. (" Talisker " or the " Company ") (TSX:TSK)(OTCQX:TSKFF) is pleased to announce…

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TORONTO, ON / ACCESSWIRE / September 22, 2021 / Talisker Resources Ltd. (“ Talisker ” or the “ Company “) (TSX:TSK)(OTCQX:TSKFF) is pleased to announce results from drill hole SB-2021-069 at its 100% owned flagship Bralorne Gold Project. Hole SB-2021-069 is the second stepout hole located 600 metres to the northwest of previously released hole (SB-2021-025) and 400 metres from released holes SB-2021-26, 40, 48 and 55 targeting newly discovered bulk-tonnage mineralization at Pioneer.

Key Points:

  • Hole SB-2021-069 intersected 1.98 g/t over 62.05m from 399.0 to 461.05m.
  • Additional intercepts up-hole from the main intercept include 62.60 g/t over 0.5m within 5.65 g/t over 8.40m between 158.0 to 166.4m on the 222 Vein.
  • Hole SB-2021-069 is located 400 metres along strike to the northwest from previously released holes SB-2021-026 (1.17 g/t Au over 106.75m), SB-2021-040 (1.02 g/t over 114.15m), SB-2021-048 (1 g/t over 116.25m) and SB-2021-055 (0.68 g/t over 51.50m and 0.87 g/t over 34.55m) which together confirmed a 1.1km vertical panel of mineralization from surface.
  • SB-2021-069 is located 600m along strike to the northwest from previously released hole SB-2021-025 that intercepted 1.36 g/t over 68.9m within 0.8 g/t over 220m.
  • Stepout hole SB-2021-063 drilled 400 metres to the northwest of hole SB-2021-025 is expected to be released to market shortly.
  • Stepout hole SB-2021-072 drilled 800 metres northwest of hole SB-2021-025 is being processed at the lab with results expected shortly.

“We are very pleased with the increasing grade in the results received from hole 69 now confirming 100 gram-metre intercepts over 600 metres along strike”, stated Terry Harbort, President and CEO of Talisker, who added, “We are eagerly awaiting results from hole 72 which we believe will confirm this consistent near surface mineralization for a total strike length of 800m.”

A total of 58,221m consisting of 101 holes have been drilled this year out of a planned and fully funded 100,000 metre diamond drill program. Since acquiring the asset and commencing drilling in February 2020, Talisker has drilled 80,401m consisting of 137 holes. Five drill rigs are currently active at the Bralorne Gold Project. There are currently 28 holes consisting of 11,579 samples at the assay laboratory and are expected to be received by the Company shortly.

Table 1: Received and Pending Intercepts with Visible Gold Count and Vein Count

Drill Hole

Intrusive Intercept Thickness (m)

Visible Gold Count

Major Veins

Minor Veins Count

Assay Results

Gram-metres

Section Line Closest to Collar

SB-2021-25

77

0

5

138

0.8g/t over 220m

176.00

515,700 E

SB-2021-26

108

3

14

172

1.17g/t over 106.75m

124.90

515,600 E

SB-2021-30

130

3

9

97

0.80g/t over 130.9m

104.72

515,600 E

SB-2021-40

440

12

22

626

1.02g/t over 114.15m

116.43

515,600 E

SB-2021-48

790

8

76

1378

1.0g/t over 116.25m

116.25

515,650 E

SB-2021-55

38

0

4

90

0.68g/t over 51.50

35.02

515,600 E

SB-2021-60

101

0

7

208

Results Pending

 

515,550 E

SB-2021-63

120

4

4

385

Results Pending

 

515,550 E

SB-2021-66

177

0

9

389

Results Pending

 

515,450 E

SB-2021-69

427

8

11

873

1.98g/t over 62.05m

124.10

515,300 E

SB-2021-70

200

1

10

624

Results Pending

 

515,250 E

SB-2021-72

237

3

25

1263

Results Pending

 

515,200 E

SB-2021-75

340

4

22

644

Results Pending

 

515,050 E

SB-2021-76

225

3

16

420

Results Pending

 

515,050 E

SB-2021-78

676

1

48

1178

Results Pending

 

515,250 E

                   

SB-2021-069 Hole Description:

  • SB-2021-069 was drilled to a depth of 551.2 metres on an azimuth of 180 at a dip of -50.
  • Intersected granitic intrusive from surface to 453.5m followed by dioritic intrusive before reaching the Cadwallader break at 538.25m.
  • Granitic intrusive hosted 11 major veins including four veins between 0.5 and 2.5 m true width.

Table 2: Bralorne Gold Project – Drill Hole SB-2021-69

Diamond Drill Hole Name

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

Zone

Method Reported

SB-2021-069

158

158.65

0.65

0.50

222 Vein

Au-AA26
SB-2021-069

158.65

159.15

0.5

6.37

Au-AA26
SB-2021-069

159.15

160.15

1

0.66

Au-AA26
SB-2021-069

160.15

160.65

0.5

4.21

Au-AA26
SB-2021-069

160.65

161.4

0.75

1.31

Au-AA26
SB-2021-069

161.4

161.9

0.5

1.93

Au-AA26
SB-2021-069

161.9

162.4

0.5

71.90

Au-AA26
SB-2021-069

162.4

163

0.6

4.74

Au-AA26
SB-2021-069

163

163.5

0.5

0.13

Au-AA26
SB-2021-069

163.5

164.2

0.7

0.08

Au-AA26
SB-2021-069

164.2

165.1

0.9

0.14

Au-AA26
SB-2021-069

165.1

165.6

0.5

0.27

Au-AA26
SB-2021-069

165.6

166.4

0.8

0.12

Au-AA26
SB-2021-069

399

399.5

0.5

1.38

Bulk Pioneer

Au-AA26
SB-2021-069

399.5

400.9

1.4

0.01

Au-AA26
SB-2021-069

400.9

402.25

1.35

0.02

Au-AA26
SB-2021-069

402.25

403.55

1.3

0.01

Bulk Pioneer

Au-AA26
SB-2021-069

403.55

404.75

1.2

0.01

Au-AA26
SB-2021-069

404.75

405.85

1.1

0.01

Au-AA26
SB-2021-069

405.85

406.4

0.55

0.03

Au-AA26
SB-2021-069

406.4

407.5

1.1

0.01

Au-AA26
SB-2021-069

407.5

408.9

1.4

0.01

Au-AA26
SB-2021-069

408.9

409.45

0.55

2.70

Au-AA26
SB-2021-069

409.45

410.65

1.2

0.07

Au-AA26
SB-2021-069

410.65

412

1.35

2.49

Au-AA26
SB-2021-069

412

413.4

1.4

0.09

Au-AA26
SB-2021-069

413.4

414.6

1.2

0.08

Au-AA26
SB-2021-069

414.6

415.9

1.3

0.02

Au-AA26
SB-2021-069

415.9

417.35

1.45

0.01

Au-AA26
SB-2021-069

417.35

418.5

1.15

0.01

Au-AA26
SB-2021-069

418.5

419.4

0.9

0.01

Au-AA26
SB-2021-069

419.4

419.95

0.55

0.14

Au-AA26
 
SB-2021-069

419.95

420.45

0.5

127.00

New Vein

Au-AA26
SB-2021-069

420.45

421.4

0.95

0.56

Au-AA26
SB-2021-069

421.4

422

0.6

0.65

Au-AA26
SB-2021-069

422

423.15

1.15

0.20

Au-AA26
SB-2021-069

423.15

423.65

0.5

2.41

Au-AA26
SB-2021-069

423.65

424.6

0.95

0.04

Au-AA26
 
SB-2021-069

424.6

425.9

1.3

0.01

Bulk Pioneer

Au-AA26
SB-2021-069

425.9

427.3

1.4

0.08

Au-AA26
SB-2021-069

427.3

428.6

1.3

0.07

Au-AA26
SB-2021-069

428.6

430.05

1.45

0.11

Au-AA26
SB-2021-069

430.05

431.45

1.4

0.02

Au-AA26
SB-2021-069

431.45

432.15

0.7

0.01

Au-AA26
SB-2021-069

432.15

433.2

1.05

0.18

Au-AA26
 
SB-2021-069

433.2

433.7

0.5

51.20

Main Vein

Au-AA26
SB-2021-069

433.7

434.6

0.9

0.27

Au-AA26
SB-2021-069

434.6

435.6

1

1.03

Au-AA26
SB-2021-069

435.6

437

1.4

7.98

Au-AA26
 
SB-2021-069

437

437.5

0.5

0.44

Bulk Pioneer

Au-AA26
SB-2021-069

437.5

439

1.5

0.02

Au-AA26
SB-2021-069

439

440.45

1.45

0.22

Au-AA26
SB-2021-069

440.45

441.75

1.3

0.13

Au-AA26
SB-2021-069

441.75

443

1.25

0.56

Au-AA26
SB-2021-069

443

444.05

1.05

1.00

Au-AA26
SB-2021-069

444.05

445.4

1.35

0.01

Au-AA26
SB-2021-069

445.4

446.4

1

1.92

Au-AA26
SB-2021-069

446.4

447.55

1.15

2.85

Bulk Pioneer

Au-AA26
SB-2021-069

447.55

448.7

1.15

0.26

Au-AA26
SB-2021-069

448.7

449.7

1

0.06

Au-AA26
SB-2021-069

449.7

450.4

0.7

0.21

Au-AA26
SB-2021-069

450.4

451.9

1.5

0.33

Au-AA26
 
SB-2021-069

451.9

453.3

1.4

0.00

Void

Au-AA26
 
SB-2021-069

453.3

453.9

0.6

1.54

Bulk Pioneer

Au-AA26
SB-2021-069

453.9

455.15

1.25

0.01

Au-AA26
SB-2021-069

455.15

456

0.85

0.01

Au-AA26
SB-2021-069

456

457.45

1.45

0.01

Au-AA26
SB-2021-069

457.45

458.65

1.2

0.01

Au-AA26
SB-2021-069

458.65

459.2

0.55

0.01

Au-AA26
SB-2021-069

459.2

460

0.8

0.03

Au-AA26
SB-2021-069

460

461.05

1.05

2.37

Au-AA26
 
Notes: Diamond drill hole SB-2021-069 has collar orientation of Azimuth 180; Dip -50. True widths are estimated at 40 – 90% of intercept lengths and are based on oriented core measurements where available. Method Reported includes the most up to date information as of the date of this press release.
               

Qualified Person

The technical information contained in this news release relating to the drill results at the Bralorne Gold Project has been approved by Leonardo de Souza (BSc, AusIMM (CP) Membership 224827), Talisker’s Vice President, Exploration and Resource Development, who is a “qualified person” within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include two advanced stage projects, the Bralorne Gold Complex and the Ladner Gold Project, both advanced stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early-stage Greenfields projects. With its properties comprising 296,983 hectares over 346 claims, three leases and 198 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.

For further information, please contact:

Terry Harbort
President & CEO
[email protected]
+1 416 361 2808

Related Links

https://taliskerresources.com/

Sample Preparation and QAQC

Drill core at the Bralorne project is drilled in HQ to NQ size ranges (63.5mm and 47.6mm respectively). Drill core samples are minimum 50 cm and maximum 160 cm long along the core axis. Samples are focused on an interval of interest such as a vein or zone of mineralization. Shoulder samples bracket the interval of interest such that a total sampled core length of not less than 3m both above and below the interval of interest must be assigned. Sample QAQC measures of unmarked certified reference materials (CRMs), blanks, and duplicates are inserted into the sample sequence and make up 9% of the samples submitted to the lab for holes reported in this release. Sample preparation and analyses is carried out by ALS Global in North Vancouver, British Columbia, Canada and SGS Canada in Burnaby, British Columbia, Canada. Drill core sample preparation includes drying in an oven at a maximum temperature of 60°C, fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (ALS code PREP-31 / SGS code PRP89). Gold in diamond drill core is analysed by fire assay and atomic absorption spectroscopy (AAS) of a 50g sample (ALS code Au-AA26 / SGS code GO_FAA50V10), while multi-element chemistry is analysed by 4- Acid digestion of a 0.25 g sample split with detection by inductively coupled plasma mass spectrometer (ICP-MS) for 48 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr). Gold assay technique (ALS code Au-AA26 / SGS code FAA50V10) has an upper detection limit of 100 ppm. Any sample that produces an over-limit gold value via the gold assay technique is sent for gravimetric finish (ALS method Au-GRA22 / SGS method GO_FAG50V) which has an upper detection limit of 1,000 ppm Au. Samples where visible gold was observed are sent directly to screen metallics analysis and all samples that fire assay above 1 ppm Au are re-analysed with method (ALS code Au-SCR24 / SGS code – 6 – GO_FAS50M) which employs a 1kg pulp screened to 100 microns with assay of the entire oversize fraction and duplicate 50g assays on the undersize fraction. Where possible all samples initially sent to screen metallics processing will also be re-run through the fire assay with gravimetric finish provided there is enough material left for further processing.

Caution Regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, effective time of the rights provided to New Gold under the Investor Rights Agreement, the completion of New Gold‘s strategic investment; the completion of the Offering, the use of proceeds, the operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While Talisker considers these statements to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include market risks and the demand for securities of the Company, risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this news release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Figure 1: Pioneer zone with drill trace of SB-2021-069, vein intersections and geology.

Figure 2: Plan view map showing drill hole collar and traces within the Pioneer Zone with current strike extend of mineralization.

SOURCE: Talisker Resources Ltd.

View source version on accesswire.com:
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Today’s News

Stellar Africagold Samples 3.40 G/T Au over 20 Metres Confirming Gold Discovery at Tichka Est Project, Morocco

  

Montreal, October 25, 2021– TheNewswire – J. François Lalonde, President and CEO of Stellar AfricaGold Inc., (TSXV:SPX) ("Stellar" or the "Company")…

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Montreal, October 25, 2021– TheNewswire – J. François Lalonde, President and CEO of Stellar AfricaGold Inc., (TSXV:SPX) (“Stellar” or the “Company”) is pleased to announce that the second trenching program on the Zones B and A gold structures of its Tichka Est project in the High Atlas region confirms that Stellar has a new gold discovery in the High Atlas region of Morocco.

 

Summary of Results

 

Stellar successfully completed a second 10-trench surface sampling program extending the mineralized strike of both the Zones B and A gold structures on its 90% earn-in Tichka Est gold project in Morocco. The trenching program, which totalled 200 linear metres, yielded intervals in Zone B as high as 3.40 g/t Au over 20 meters including internals of 5.23 g/t Au over 11 meters and 8.14 g/t Au over 5 meters in Trench 7B, 4.64 g/t Au over 14 meters including 11.16 g/t Au over 5 meters in Trench 9B, and 3.4 g/t Au over 17 meters including 9.55 g/t Au over 4 meters in Trench 6B. This second trenching program builds upon Stellar’s previous program (see news release April 19, 2021) which yielded intervals up to 4.55 g/t Au over 15 meters including an internal of 7.47 g/t Au over 6.0 meters in Zone B, and 3.36 g/t Au over 10 meters including an interval of 8.73 g/t Au over 3.0 meters in Zone A.

 

The Zone B structure has been mapped at surface for a strike length of over 2 km of which 750 meters has been trenched and channel sampled. The Zone A structure has been mapped for over 500 meters along strike of which 450 meters has been trenched and channel sampled.

 

About the Tichka Est Project, Morocco

 

The Tichka Est property is comprised of three contiguous permits covering an area of 44.6 km2 within the High Atlas Western Domain approximately 100 km SSW of the city of Marrakech. The general area is accessible year-round by road via a national road to the village of Analghi located near the mineralized gold zone. Stellar is awaiting permits for construction of a heavy equipment access road to proposed drill sites at Zones B and A.

 

Details of the Second Trenching Program

 

This second trenching program was designed to provide a better understanding of the geological and structural nature of the Zone B and A structures and to confirm the lateral extension of the two previously identified highly metamorphosed gold mineralized shear zones. The trenches were dug to an average depth of 1.5 meters and over lengths of 15 to 25 meters depending upon the visible width of the structure at that point. Seven trenches were dug across the Zone B structure and two across the Zone A structure. One trench was dug in another area of interest outside of the Zones B and A structures.

   

Map 1 – Aerial View of the Zones B and A Trenching Program

 


Click Image To View Full Size

 

ZONE B

 

A portion of the two-kilometer plus surface exposure of Zone B has now been investigated by two trenching programs. A total of 12 trenches were dug by teams using hand tools down to a depth of 1.5 meters. There, fresh rock exposures were channel sampled across one-meter intervals using a rock saw for a better conformity of the samples (See figure 1 below). In this recent trenching program, seven trenches were dug across the Zone B mineralized structure which extended the trenched gold-mineralized zone to over 750 meters of strike length trending Northeast to Southwest.

     

Figure 1 – Zone B – Oxidized gold mineralization in trench 7B


Click Image To View Full Size

 

The Zone B gold mineralized structure is oriented N800 and located along the contact of a limestone and a schist. The contact is highly sheared and injected by quartz-ankerite-calcite veins and veinlets with trace of sulphide, pyrite, chalcopyrite and arsenopyrite to which the gold mineralization is closely associated. Within the 750-meter trenched mineralized zone the best results appear to be on the Northeastern end of Zone B. The highest assay results, which were obtained in trenches T6B, T7B and T9B, and are listed below.

 

Trench 6B – 3.4 g/t Au over 17 meters including 9.55 g/t Au over 4 meters.

 

Trench 7B – 3.40 g/t Au over 20 meters including 5.23 g/t Au over 11 meters and 8.14 g/t Au over 5 meters. Note also that Trench 7B is mineralised over its entire 20-meter length and that the width of the mineralised Zone B structure exceeds the trench length at that location.

 

Trench T9B – 4.64 g/t Au over 14 meters including 11.16 g/t Au over 5 meters

 

Figure 2 – Zone B – Geological cross section of trench 7B

 


Click Image To View Full Size

 

 ZONE A

 

Zone A is a N3500 trending structure. During this program two new trenches were dug to confirm the northern extension of the structure. The two new trenches successfully confirmed the northern extension of the zone for an additional 125 meters increasing the confirmed gold-mineralized Zone A to approximately 450 meters along strike. In Zone A the mineralisation is in a shear zone at the contact of a dolerite dyke and a schist unit. The sheared zone is also injected by quartz-ankerite veins and veinlets.

   

Figure 3 – Zone A – Quartz and ankerite mineralization in trench 5A

   
Click Image To View Full Size

 

The highest assay results in Zone A were obtained in trenches T5A and T6A are listed as follow.

 

T5A – 1.85 g/t Au over 8.0 meters including 3.55 g/t Au over 3 meters

 

T6A – 2.70 g/t Au over 5.0 meters including 3.71 g/t Au over 3 meters

         

Figure 4 – Zone A geological cross section of trench 5A

 


Click Image To View Full Size

 

Technical Information and Quality Control Notes

 

The trenches were excavated across the Zones A and B structures using hand tools to an average depth of 1.5 metres. The trenches were mapped at a scale of 1:100 and channeled sampled at 1 metre intervals using a mechanical rock saw for a better sample accuracy as recommended in Stellar’s Technical Report of November 15, 2020.

 

Sample collection was done by two experienced senior local geologists under the supervision of Yassine Belakbir, Stellar’s Director in Morocco and by Dr. Ali Saquaque, Stellar’s Technical Advisor for Africa. The samples were bagged at the sampling site and stored in safe areas until being transported to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech for analysis.

 

200 samples were sent to Afrilab for this program. In addition, for the purpose of quality control, 7 standard, 7 duplicate and 7 blank samples were added to the batch and, except for one duplicate that is showing a probable nugget effect, all standard analysis results fall within the tolerance range of the original samples. The blank sample values were all below the detection limit for gold.

    

CONCLUSION

 

In conclusion, the second Tichka Est trenching program of the Zone A and B structures extended the mineralized strike lengths of both zones and successfully outlined wider gold mineralization with some high-grade intersections of considerable widths confirming Stellar’s gold discovery in Morocco. The gold is associated with injected quartz-carbonate veins in highly brecciated sheared structures context. The results fully justify the drill program currently in preparation beginning on the Zone B structure and progressing to the Zone A structure thereafter.

 

Additionally, this program provided Stellar with valuable geological information which will facilitate the exploration of other areas of interest within the Tichka Est Permits area.

  

About Tichka Est Project

 

The Tichka Est property is comprised of three contiguous prospecting permits covering an area of 44.6 km2. The Tichka Est Property lies within the High Atlas Western Domain about 100 km SSW of the city of Marrakech. The area is accessible year-round by road via a national road to the village of Analghi located near the mineralized gold zone.

 

About Stellar AfricaGold Inc.

 

Stellar AfricaGold Inc. is a Canadian gold company with offices in Vancouver, BC and in Montreal, QC. Stellar President François Lalonde can be contacted at 514-992-0929 or by email at [email protected]fricagold.com.

 

The technical content of this press release has been reviewed and approved by M. Yassine Belkabir, MScDIC, CEng, MIMMM, a Stellar director and a Qualified Person as defined in NI 43-101.

 

On Behalf of the Board

 

J. François Lalonde

President & CEO

 

This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. 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 or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.  

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.  

Copyright (c) 2021 TheNewswire – All rights reserved.





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West High Yield (W.H.Y.) Resources Ltd. Announces Grant of Stock Options

Calgary, Alberta–(Newsfile Corp. – October 22, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces…

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Calgary, Alberta–(Newsfile Corp. – October 22, 2021) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (“West High Yield” or the “Company“) announces that its board of directors has approved and authorized the grant of 350,000 stock options (the “Options“) to a consultant of the Company effective October 21, 2021. The Options are granted in accordance with the terms of the stock option plan of the Company. All of the Options vest on their date of grant and every one (1) Option entitles the holder thereof to purchase one (1) common share of the Company at a price of CAD$0.34 per common share for a period of five (5) years from the Option grant date.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO2 emissions.

Contact Information:

West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco, President and Chief Executive Officer
Telephone: (403) 660-3488 Facsimile: (403) 206-7159
Email: [email protected]

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

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 OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100621





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Today’s News

Scorpio Gold – Arranges Short-Term Credit Facility with Board

VANCOUVER, BC / ACCESSWIRE / October 22, 2021 / Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V:SGN) reports that certain of the directors…

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VANCOUVER, BC / ACCESSWIRE / October 22, 2021 / Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V:SGN) reports that certain of the directors of the Company have agreed to provide the Company with a short- term credit facility in order to maintain its operations over the short-term. The proceeds of the advances made under the credit facility will be used to bridge the Company’s activities until all Goldwedge assays have been announced so that an equity placement can be conducted later in the year.

As announced on September 29, 2021, the pending assays from the Goldwedge underground drill program will be announced upon receipt and analysis. The drill program was focused on defining the on-strike and down-dip continuity of mineralization intersected in the 2020 drilling program (July 27, 2020 news release) as well as testing new areas with the potential to define a mineral resource base.

Future drilling will test the Company’s structural interpretation that mineralization at Goldwedge could connect with mineralization in the West Pit area of the Company’s adjacent and proximal Manhattan Mine project. Goldwedge is a fully permitted underground mine and a 400 ton per day mill facility. The Manhattan Property includes 2 former producing mines, the Reliance Mine, which reportedly produced ~59,000 tons grading 0.435 oz/ton from 1932 to 1941, and the Manhattan Mine East and West pits, which produced ~236,000 oz. from 1974-1990. The deposits lie along the northwest-trending Reliance StructuralZone, which is considered the most predominant ore controlling structure in the region. The Reliance trend continues 4 km southeast to Scorpio Gold’s Keystone-Jumbo project area.

The credit facility is unsecured and interest free for US$500,000 to be drawn in advances at a minimum of US$100,000 over the next few months. All advances must be repaid within the earlier of Scorpio Gold closing a private placement more than C$1,000,000 and January 1, 2022.

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Brian Lock
Chief Executive Officer

Brian Lock
Tel: (604) 889-2543
Email: [email protected]

Anthony Simone
Tel: (416) 881-5154
Email: [email protected]
Website: www.scorpiogold.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.

The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding the Company’s plans with respect to the exploration of its Goldwedge and Manhattan mines project. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including risks involved in mineral exploration programs and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

SOURCE: Scorpio Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/669314/Scorpio-Gold–Arranges-Short-Term-Credit-Facility-with-Board





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