Connect with us

Today’s News

ATAC Trenches Significant Copper and Molybdenum Mineralization at its Connaught Porphyry Property

ATAC Trenches Significant Copper and Molybdenum Mineralization at its Connaught Porphyry Property
Canada NewsWire
VANCOUVER, BC, Dec. 2, 2021

VANCOUVER, BC, Dec. 2, 2021 /CNW/ – ATAC Resources Ltd. (“ATAC”) (TSXV: ATC) (OTCQB: ATADF) is pleased to …

Published

on

ATAC Trenches Significant Copper and Molybdenum Mineralization at its Connaught Porphyry Property

Canada NewsWire

VANCOUVER, BC, Dec. 2, 2021 /CNW/ – ATAC Resources Ltd. (“ATAC”) (TSXV: ATC) (OTCQB: ATADF) is pleased to provide final results from the 2021 exploration work at its 137 km2 Connaught property near Dawson City, Yukon.

The road-accessible Connaught property, located at the head of the Sixty Mile placer gold camp, lies within the 150 km-long Sixtymile-Pika fault system that hosts porphyry, skarn and epithermal mineralization in Yukon and Alaska. Connaught demonstrates compelling copper-molybdenum±gold porphyry potential along a 13 km trend and hosts 26 distinct silver-lead-gold-copper epithermal veins. The 2021 exploration program focused on evaluating the previously untested copper porphyry potential.

2021 Connaught Exploration Highlights

  • Rock grab samples from trenches returned up to 1.38% copper within a quartz latite dyke and 0.25% copper with 205 ppm molybdenum in a brecciated quartz monzonite;
  • Trench 21-E returned 724 ppm copper and 139 ppm molybdenum over 84 m, including 0.12% copper and 503 ppm molybdenum over 12 m;
  • 8 trenches within a 400 x 200 m area returned >325 ppm copper over lengths from 75 to 108 m in areas where copper values were expected to be depleted due to surface leaching;
  • Induced Polarization (IP) and ground magnetic surveys revealed strong geophysical anomalies coincident with trench results; and
  • Contract in place for maiden 5,000 m reverse circulation drill program in 2022.

“We are extremely encouraged by the strong trench response at Connaught. This work has so far tested only one of four copper porphyry target areas along a 13 km trend, which were revealed by geochemical and geophysical work this summer. As this is an unglaciated environment, we expected surface leaching and depletion of copper. The grades we are seeing are extremely exciting in this context,” stated President and CEO, Graham Downs. “With these results we have already finalized a drill contract for a maiden drill program targeting the porphyry in the coming exploration season. Work next season will evaluate all four target areas.”

2021 Exploration Details

The 2021 exploration program at Connaught consisted of ten trenches, 113 regional prospecting rock samples, 2,229 soil samples, a property-wide airborne LiDAR survey, 39 km of IP and 113 km of ground magnetics.

Trenches 21-A through J were completed across a pre-existing 1,100 x 500 m copper- and molybdenum-in-soil anomaly, with 8 of 10 trenches returning >325 ppm copper over 75 108 m (Figure 1). Results for all trenches are presented in the table below. No significant gold was encountered in the trenches.

Name

From (m)

To (m)

Total (m)

Cu (ppm)

Mo (ppm)

Trench 21-A

0

102

102

325

19

incl

69

90

21

1004

22

Trench 21-B

0

84

84

488

32

incl

54

63

9

1715

26

Trench 21-C

0

108

108

339

25

Trench 21-D

0

93

93

467

103

Trench 21-E

0

84

84

724

139

incl

72

84

12

1211

503

Trench 21-F

0

90

90

389

29

Trench 21-G

0

75

75

521

48

Trench 21-H

0

87

87

654

21

incl

27

48

21

1040

19

Trench 21-I

0

90

90

45

5

Trench 21-J

0

105

105

94

11

The Connaught property is in unglaciated terrain and a copper-depleted leached cap is expected in this environment, similar to Western Copper and Gold Corporation‘s Casino project in central Yukon. The 2020 resource update for the Casino project reported an average leached cap grade of 300 ppm copper, 0.25 g/t gold, and 1.9 g/t silver (Roth et al., 2020).

Connaught trenches 21-A through 21-H were mostly hosted within a highly oxidized and leached quartz monzonite. Multiple phases of intrusive rocks were observed throughout the trenching area, including a quartz monzonite porphyry, equigranular quartz monzonite, quartz latite dike and intrusion breccia. Higher copper grades were observed in the quartz latite dike in Trench 21-B from 54 – 63 m, returning 0.17% copper over 9 m.

Higher coincident copper and molybdenum values associated with intrusion breccia and quartz monzonite porphyry were observed towards the northwest in trenches 21-D and 21-E, and this area remains open to the northwest. Trenches 21-I and 21-J were located south of the main soil anomaly and did not return significant assay results.

A total of 39 km of IP and 113 km of ground magnetics surveys were completed in 2021. Inversions show shallow, high chargeability anomalies 50 – 80 m below the 2021 trenching area (Figure 2), which could potentially indicate a supergene enrichment zone. A 1,000 x 500 m high resistivity feature was observed 300 – 350 m below the trenching area extending towards the east, which could indicate potassic alteration at depth (Figure 3). Numerous other chargeability, resistivity, and magnetic anomalies were located outside of the 2021 trenching area and will be investigated in 2022.

Grab samples collected from a magnetite skarn 1,500 m west of the trenching area returned 0.12% copper with 0.54 g/t gold. The skarn occurrence is located 130 m upslope of an area with highly anomalous gold-in-soil response with values up to 0.43 g/t gold. Historical 1988 drill holes in this area reported multiple skarn intervals with anomalous gold, including 4.25 g/t gold over 1.68 m in hole 88-006 and 7.30 g/t gold over 0.46 m in hole 88-008.

Five diamond drill holes were completed in 2003 by a previous operator targeting epithermal veins, close to but outside of the 2021 trenching area. Historical drill logs from these holes reported observed copper mineralization, however much of this material was not assayed at the time. Drill core from these historical 2003 holes was located and reboxed, with approximately 350 m of priority areas sawn and sent for assay. Broad intervals of anomalous copper and molybdenum mineralization were returned. Diamond drill hole DDH-03-003, located 300 m south of the 2021 trenching area, returned 354 ppm copper and 107 ppm molybdenum over 51.25 m from 106.38 m in an intrusion breccia and quartz monzonite. Historical assays from diamond drill hole DDH-03-002 report 441 ppm copper and 78 ppm molybdenum over 24.16 m from surface in a highly oxidized quartz monzonite.

Updated maps showing the soil and geochemical results can be found on ATAC’s website at www.atacresources.com.

Connaught Geology and Mineralization

The Connaught project lies within the northeast-trending 150 km long Sixtymile-Pika fault system which controlled Late Cretaceous magmatism, hydrothermal activity and associated porphyry, skarn and epithermal mineralization in Yukon and Alaska. The property is underlain by Carboniferous-to-Devonian gneiss, marble and metavolcanic rocks and Permian schist rocks which are intruded by the Late Cretaceous Prospector Mountain Suite granodiorite, diorite and quartz monzonite.

The Late Cretaceous Prospector Mountain Suite rocks observed to date include multiple phases of intrusive stocks, dykes and breccias including: equigranular quartz monzonite, quartz monzonite porphyry, quartz latite and intrusion breccia. Copper mineralization observed to date includes disseminated and fracture coated malachite-tenorite ± azurite within a quartz monzonite porphyry, disseminated chalcopyrite-pyrite within an intrusion breccia and disseminated malachite-tenorite within a quartz latite dyke. The copper mineralized rocks at surface are intensely weathered, are commonly stained orange, yellow and/or brown by iron oxides and clays and are friable to the touch and are interpreted as a copper depleted leached cap.  

The style of mineralization, lithologies and alteration observed to date are typical of copper-gold-molybdenum porphyry systems such as Western Copper and Gold’s Casino project in Yukon and Kenorland Minerals Tanacross project in Alaska.

QA/QC

Analytical work for rock and soil samples was completed by ALS Minerals, with sample preparation in Whitehorse, Yukon and geochemical analyses in North Vancouver, British Columbia. Soil samples were analyzed for gold by the Au-ICP21 procedure which involves fire assay preparation using a 30 gram charge with an inductively coupled plasma  atomic emission spectrometry finish. Rock samples were analyzed for gold by the Au-AA24 procedure which involves fire assay preparation using a 50 gram charge with an atomic absorption spectroscopy finish. Multi-element data for 48 elements was determined for all samples by the ME-MS61 procedure, which involves a four-acid digestion followed by inductively coupled plasma atomic emission spectroscopy and inductively coupled plasma mass spectrometry.

Analytical work for historical core samples was completed by SGS Canada, with sample preparation in Whitehorse, Yukon and geochemical analyses in Burnaby, British Columbia. Core samples were fine crushed to 75% passing 2 millimeters before a 250 gram split was pulverized to better than 85% passing 75 microns. Pulps were analyzed for gold by the GE_FAA30V5 technique which involves fire assay preparation using a 30 gram charge with an atomic absorption spectroscopy finish. Multi-element data for 49 elements was determined by the GE_ICM40Q12 technique which involves four-acid digestion followed by inductively coupled plasma atomic emission spectroscopy and inductively coupled plasma mass spectrometry.

Results referenced in this release represent highlight results only, and include results from 2021 and previous years. Below detection values for gold, copper, molybdenum, silver, lead and zinc have been encountered in soil and rock samples in these target areas.

The technical information in this news release has been approved by Adam Coulter, M.Sc., P.Geo., VP Exploration for ATAC and a qualified person for the purposes of National Instrument 43-101.

About ATAC

ATAC is a Vancouver-based exploration company focused on exploring for gold and copper in Yukon and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), the Tiger Deposit Measured & Indicated Mineral Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $6 million in working capital.

On behalf of ATAC Resources Ltd.

Graham Downs, President and CEO

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 NEWS RELEASE.

Cautionary note regarding forward-looking statements:

This press release may contain “forward-looking information” within the meaning of applicable securities laws.  Readers are cautioned to not place undue reliance on forward-looking information.  Actual results and developments may differ materially from those contemplated by these statements.  The statements in this press release are made as of the date of this press release.  The Company undertakes no obligation to update forward-looking information, except as required by securities laws.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources:

The mineral resource estimates included in this press release have been prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  The United States Securities and Exchange Commission (the “SEC”) has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements.  U.S. investors are cautioned that the disclosure the Company provides on its mineral properties in this news release may be different from the disclosure that an issuer subject to SEC reporting requirements would otherwise be required to provide.  Therefore, the information contained in this news release containing descriptions of the Company’s mineral properties may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.

Additional information about the Tiger Deposit PEA is summarized in ATAC’s February 27, 2020 technical report titled “Technical Report and Preliminary Economic Assessment for the Tiger Deposit, Rackla Gold Project, Yukon, Canada“, which can be viewed at www.sedar.com under the ATAC profile or on the ATAC website at www.atacresources.com. Additional information about the Osiris Resource Estimate is summarized in ATAC’s July 2, 2018 technical report titled “Technical Report and Estimate of Mineral Resources for the Osiris Project, Yukon, Canada,” which can also be viewed at www.sedar.com

SOURCE ATAC Resources Ltd.


drill program
drill hole
tsx-wrn
western-copper-and-gold-corporation
western copper and gold corporation
press-release

Author: Author

Today’s News

Maritime Resources Closes Previously Announced Sale of Royalty Portfolio

Toronto, Ontario–(Newsfile Corp. – January 21, 2022) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing…

Toronto, Ontario–(Newsfile Corp. – January 21, 2022) – Maritime Resources Corp. (TSXV: MAE) (“Maritime” or the “Company”) is pleased to announce the closing of its previously announced asset sale transaction with Nomad Royalty Company Ltd. (“Nomad”). Maritime sold a portion of its royalty portfolio in a number of Canadian exploration projects in Quebec, British Columbia and Ontario to Nomad for US$700,000, which was satisfied through the issuance of 96,818 Nomad common shares. As part of the asset sale process, a right of first refusal associated with one of the royalties being sold was exercised and the applicable royalty was sold for approximately $375,000, being the Canadian dollar equivalent of US$300,000.

Garett Macdonald, President and CEO of Maritime, commented, “This agreement realizes the value of our royalty portfolio today while also providing upside exposure through an equity position in Nomad, one the industry’s fastest growing royalty companies.”

About Maritime Resources Corp.

Maritime holds a 100% interest, directly and subject to option agreements entitling it to earn 100% ownership, in the Green Bay Property, including the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King’s Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000-2004.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto, CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4.
www.maritimeresourcescorp.com

Twitter
Facebook
Indeed
YouTube

Caution Regarding Forward-Looking Statements:

Certain of the statements made and information contained herein is “forward-looking information” within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects”, “intends”, “indicates” “plans” and similar expressions. Forward-looking statements include statements concerning the anticipated closing of this asset Sale Agreement, potential to increase mineral resource and mineral reserve estimates, the Company’s decision to restart the Project, the Company’s plans regarding depth extension of the deposit at Hammerdown, the Company’s plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company’s plans regarding drilling targets previously identified, the anticipated timing of provincial environmental assessment approval for Hammerdown and the Company’s activities related to the Nugget Pond gold circuit, including receipt of certain approvals related to those activities, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company’s proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company’s properties; uncertainty as to whether the acquisition of the Nugget Pond gold circuit will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange (“TSX-V”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) 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/111200









Author: Author

Continue Reading

Today’s News

Canoe Mining Ventures Announces Private Placement Financing

Toronto, Ontario–(Newsfile Corp. – January 21, 2022) – Canoe Mining Ventures Corp. (TSXV: CLV) ( the "Company") is pleased to announce a non-brokered…

Toronto, Ontario–(Newsfile Corp. – January 21, 2022) – Canoe Mining Ventures Corp. (TSXV: CLV) ( the “Company“) is pleased to announce a non-brokered private placement financing for gross proceeds of CDN$500,000 through the issuance of 6,250,000 units in the capital of the Company (the “Units“) at a price of $0.08 per Unit (the “Offering“). Each Unit is comprised of one common share in the capital of the Company (each, a “Common Share“) and one-half of one whole Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.125 per Common Share until the date that is three years form the date of issuance (the “Warrant Term“), provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) at $0.16 or higher for ten (10) trading days within any thirty (30) day trading day period at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the “Reduced Warrant Term“) such that the Warrants shall expire on the date which is ten (10) days following the date a press release is issued by the Company announcing the Reduced Warrant Term, subject to adjustments in certain events. Gross proceeds raised from the Offering will be used for working capital and general corporate purposes.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The Offering may constitute a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“) as insiders of the Company may subscribe for 1,300,00 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company will file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On Behalf of the Board of Directors

Scott Kelly
Director and CEO
+1 416 998 4714

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 includes certain “forward-looking statements” within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. Forward-looking statements reflect management’s current views with respect to possible future events and conditions and, by their nature, are based on management’s beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward-looking statements: general market conditions, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward-looking statements as well as the various risks and uncertainties facing the Company are described in greater detail in the “Risk Factors” section of the Company’s annual Management’s Discussion and Analysis and other continuous disclosure documents filed with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update forward-looking information except as required by applicable law. The reader is cautioned not to place undue reliance on and the Company relies on litigation protection for forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111204






Author: Author

Continue Reading

Today’s News

Kaizen Discovery Announces Positive Ruling by The British Columbia Court of Appeal

Vancouver, British Columbia–(Newsfile Corp. – January 21, 2022) – Eric Finlayson, Interim President and Chief Executive Officer of Kaizen Discovery Inc….

Vancouver, British Columbia–(Newsfile Corp. – January 21, 2022) – Eric Finlayson, Interim President and Chief Executive Officer of Kaizen Discovery Inc. (TSXV: KZD) otherwise “Kaizen” or “the Company“) is pleased to announce that the appeal lodged by AM Gold following the March 22, 2021 dismissal of its legal action against Kaizen by the Supreme Court of British Columbia has itself been dismissed by the British Columbia Court of Appeal, which concluded that no errors were made in the trial judge’s reasoning and that “there is no basis upon which this Court should interfere.” The judgment is available on the Court of Appeal’s website.

The trial judge made a supplementary judgment dated September 9, 2021, awarding “special costs” payable jointly by AM Gold and its principal, John Fiorino (refer to Kaizen’s press release dated September 13, 2021). The award entitles Kaizen to pursue an indemnity for the costs it has incurred through a formal assessment process. Kaizen has incurred costs in excess of $3.2 million but the ultimate costs award may be varied in the assessment process.

Kaizen’s Interim President and Chief Executive Officer, Eric Finlayson, commented, “As anticipated, the AM Gold appeal was found to be without merit. AM Gold and its principal John Fiorino have also appealed the September 9, 2021 Supreme Court order that AM Gold and Mr. Fiorino personally pay Kaizen’s costs on an indemnity, special costs basis. We look forward to the hearing of that appeal and eventual recovery of the costs that we have been forced to incur in defending this litigation.”

About Kaizen

Kaizen is a Canadian mineral exploration and development company with exploration projects in Peru and Canada. More information on Kaizen is available at www.kaizendiscovery.com.

ON BEHALF OF THE COMPANY
Eric Finlayson, Interim President and Chief Executive Officer

Information contact

Ran Li +1-604-689-8765
[email protected]

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.

Forward-looking statements

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to recovering costs from AM Gold. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111189





Author: Author

Continue Reading

Trending