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Battery Mineral Resources Continues to Deliver Encouraging Copper Results at Punitaqui Mine

Vancouver, British Columbia–(Newsfile Corp. – November 16, 2021) – Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the…

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Vancouver, British Columbia–(Newsfile Corp. – November 16, 2021) – Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company“) is pleased to announce encouraging drill core assay results from the 2021 exploration and in-fill drill program at the Punitaqui mine complex (“Punitaqui”) in Chile. Punitaqui is slated for resumption of production mid to late-2022. The San Andres target is one of several historic zones within BMR’s Punitaqui project with partially delineated resources and established underground access.

Highlights

  • Final assay results from San Andres drillholes SAS-21-14, 15, 17, 20, 23 and 24 (see Table 1) have been returned with encouraging results as follows:
    • Drillhole SAS-21-14: 28.1 meters (“m”) at 0.98% Copper (“Cu”) from 203m downhole including 10.1m at 1.44% Cu and a second intercept of 9.4m grading 1.24% Cu from 227m.
    • Drillhole SAS-21-15: 3.0m at 0.5% Cu from 116m, 3.0m grading 0.48% Cu from 133m and a third interval of 2.0m at 0.51% Cu from 139m.
    • Drillhole SAS-21-17: 3.6m at 1.04% Cu from 241m.
    • Drillhole SAS-21-20: 2.4m at 0.70% Cu from 266.9m.
    • Drillhole SAS-21-23: 2.8m at 1.00% Cu from 194m.
    • Drillhole SAS-21-24: 3.0m at 0.82% Cu from 231m.
  • Final complete multi-element results were received for previously reported holes SAS-21-19, and 21 (see Table 1):
    • Drillhole SAS-21-19: 5.0m at 1.08% Cu from 74m including 4.0m at 1.24% Cu.
    • Drillhole SAS-21-21: 25.0m at 0.88% Cu from 106m including 13.0m at 0.96% Cu and 4.0m at 1.19% Cu from 115m and a second main intercept of 2.0m at 1.12% Cu from 136m.
  • 29 of the San Andres drill holes reached target depth and 21 have intersected significant mineralization and results have been received for 24 drill holes.
  • The San Andres drill program is designed to confirm resources identified by previous drilling programs and expand these resources north and south along strike and at depth.
  • Earlier results from the current program (see Table 2) included:
    • SAS-21-01: 3.0m grading 1.52% Cu.
    • SAS-21-03: 11.0m at 1.39% Cu including 8.0m at 1.63% Cu.
    • SAS-21-04: 16.7m grading 1.37% Cu including 11.7m at 1.64% Cu and a second interval of 9.0m at 1.75% Cu.
    • SAS-21-05: 9.0m at 2.06% Cu.
    • SAS-21-07: 3.4m at 2.10% Cu and a second interval of 4.0m at 1.56% Cu.
    • SAS-21-08: 5.3m at 1.39% Cu and a second interval of 3.8m at 1.85% Cu.
    • SAS-21-11: 2.0m at 0.91% Cu.
    • SAS-21-12: 7.0m at 1.81% Cu and a second intercept of 2m grading 1.04% Cu.
    • SAS-21-13: 3.0m at 1.96% Cu from 217m downhole, 3.0m grading 0.87% Cu from 199m and a third interval of 1.8m at 0.83% Cu from 211m.
  • San Andres is the “normal” fault displaced upper portion of the adjacent Cinabrio copper deposit that is part of Punitaqui which typically produced between 20 and 25 million pounds of copper annually for nine plus years by Glencore and Xiana Mining.

Battery CEO Martin Kostuik states; “There are very few companies around the world that have the opportunity to transition from development into potential resumption of copper production in the second half of 2022 and we are thrilled be one of them. Our recent acquisition of the former producing Punitaqui copper mine in Chile will give our investors an opportunity to participate in a potentially significant re-rating in BMR’s valuation as we transition from development to operations and positive cash-flowing. The development of Punitaqui towards a restart is progressing well on all fronts such as drilling, engineering and permit modifications and we look forward to presenting the restart plan for the mine in Q1 2022. In addition, we believe these new drilling results demonstrate that this program has the potential to provide the Company with an additional source of copper ore along with existing ore at the adjacent Cinabrio mine. We look forward to providing further exciting updates for the drill program as we progress towards a potential near term resumption of operations and cashflow at Punitaqui.”

San Andres Drill Program

  • Currently, four drills are operating at Punitaqui – two at San Andres and two at Dalmacia.
  • 6,484 meters of diamond core drilling in 31 drill holes have been completed at San Andres (See Figure 1 and Figure 2).

Sample assay results, reported herein, are from five drill holes and are in addition to the results reported previously from the first eight drillholes completed at San Andres (see Table 1 and Table 2 below). These results are only partial and additional significant intervals may be reported from these same holes when complete results are received.

Drillhole SAS-21-14 was designed to test the San Andres targeted stratigraphic unit (“TSU”) 120m up-dip from the SAS-21-07 intercept (3.4m at 2.10% Cu and a second interval of 4.0m at 1.56% Cu). This up-dip test resulted in two intercepts that were significantly wider than the deeper intercepts;28.1m at 0.98% Cu & 3.3g/t Ag from 203m including 10.1m at 1.44% Cu & 1.4g/t Ag from 203m and a second intercept of 9.4m grading 1.24% Cu & 3.4g/t Ag from 227m (See Figure 3).

Drillhole SAS-21-15 targeted the TSU about 150m along strike to the south of historic intercept SAS-17-06 (8.0m at 2.30% Cu and 4.0m at 1.87% Cu). 25m of the TSU was drilled with chalcopyrite mineralization throughout and produced assays of 3.0m at 0.5% Cu & 8.3g/t Ag from 116m, 3.0m grading 0.48% Cu & 6g/t Ag from 133m and a third interval of 2.0m at 0.51% Cu from 139m.

Drillhole SAS-21-17 was planned to test the targeted stratigraphic unit 50 meters down-dip of the high-grade intercept in SAS-21-05 (9.0m at 2.06% Cu). The hole produced an 8.0m interval of volcanoclastic sediments where disseminated chalcopyrite and native copper in veinlets were noted within the intercept that produced assays of 3.6m at 1.04% Cu & 1.0g/t Ag from 241m.

Drillhole SAS-21-19 was designed as a step-out from SAS-21-11 to test the TSU 60m south along strike and down-dip. The drillhole intersected a 26m section of the TSU with disseminated chalcopyrite mineralization throughout. Assays reported included 5.0m at 1.08% Cu & 2.0g/t Ag from 74m including 4.0m at 1.24% Cu & 2.2g/t Ag.

Drillhole SAS-21-20 was designed to test the TSU down-dip of historic hole SAS-21-07 (3.4m at 2.10% Cu). The new hole intercepted 2.5m of shaley sediments with copper oxides noted that resulted in an assay of 2.4m at 0.70% Cu from 266.9m.

Drillhole SAS-21-21 tested the targeted stratigraphic unit up-dip of historic drillholes SAS-19-09 and SAS-20-01. The TSU was intercepted from 222m and extended 15m to 237m. It intercepted shale-sandstone with variable chalcopyrite and bornite as disseminated sulphides and copper bearing veinlets. The mineralized horizon produced significant results from two main intervals. They are 25.0m at 0.88% Cu & 14.9g/t Ag from 106.0m including 13.0m at 0.96% Cu & 21.8g/t Ag from 106.0m and including 4.0m at 1.19% Cu & 20.1g/t Ag and a second main intercept of 2.0m at 1.12% Cu & 18.2g/t Ag from 136m.

Drillhole SAS-21-23 was designed to test the TSU 60m up-dip of mineralization intercepted in SAS-21-14 (28.1m at 0.98% Cu & 3.3g/t Ag including 10.1m at 1.44% Cu & 1.4g/t Ag and a second intercept of 9.4m grading 1.24% Cu & 3.4g/t Ag). The hole intercepted a 7m interval of the TSU which yielded an assay of 2.8m at 1.00% Cu & 8.7g/t Ag from 194m.

Drillhole SAS-21-24 tested the targeted stratigraphic unit 60m down-dip of SAS-21-09 (19m at 1.60% Cu & 13.1 g/t Ag) in the southern part of the San Andres zone. The hole returned 14.4m of the TSU that produced 3.0m at 0.82% Cu & 1.7g/t Ag from 231m.

Table 1: San Andres Drilling Latest Significant Assays Results – November 2021

Drillhole
Number
From
(m)
To
(m)
Sample
Interval
(m)
Copper
Cu (%)
Silver
Ag (g/t)
SAS-21-14
including
including
and
203.2 239.0 35.8 0.98 3.3
203.2 216.0 12.8 1.44 1.4
207.0 216.0 9.0 1.83 5.9
227.0 239.0 12.0 1.24 3.4
SAS-21-15
and
and
SAS-21-17
SAS-21-19
including
SAS-21-20
116.0 119.0 3.0 0.50 8.3
133.0 136.0 3.0 0.48 6.0
139.0 141.0 3.0 0.51 0.4
241.4 245.0 3.6 1.04 1.0
74.0 79.0 5.0 1.08 2.0
74.0 78.0 4.0 1.24 2.2
266.9 269.3 2.4 0.70 0.1
SAS-21-21
including
including
and
SAS-21-23
106.0 131.0 25.0 0.88 14.9
106.0 119.0 13.0 0.96 21.8
115.0 119.0 4.0 1.19 20.1
136.0 138.0 2.0 1.12 18.2
194.0 196.75 2.8 1.00 8.7
SAS-21-24 231.0 234.0 3.0 0.82 1.7

 

Note: All Intercepts reported as downhole core intervals.

Table 2: San Andres 2021 Drill Program Significant Drillhole Intercepts

Drillhole
Number
From
(m)
To
(m)
Sample
Interval
(m)
Copper
Cu (%)
SAS-21-01 180.2 183.2 3.0 1.52
SAS-21-02 185.0 188.0 3.0 0.04
SAS-21-03

Including

198.0 209.0 11.0 1.39
201.0 209.0 8.0 1.63
SAS-21-04

Including

and

185.00 201.7 16.7 1.37
190.00 201.7 11.7 1.64
223.00 232.0 9.0 1.75
SAS-21-05

Including

and

200.0 210.0 10.0 0.52
203.0 207.0 4.0 0.87
220.0 229.0 9.0 2.06
SAS-21-07

and

244.65 248.05 3.4 2.10
257.0 261.0 4.0 1.56
SAS-21-08

and

221.75 227.0 5.25 1.39
232.9 236.65 3.75 1.85
SAS -21-11 53.0 55.0 2.0 0.91
SAS-21-12 162.0 164.0 2.0 1.04
and 176.0 183.0 7.0 1.81
SAS-21-13

and

and

199.0 202.0 3.0 0.87
211.0 212.8 1.8 0.83
217.0 220.0 3.0 1.96

 

Note: All Intercepts reported as downhole core intervals

Figure 1: Cinabrio – San Andres Area Geology and Targets Map

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Figure 2: San Andres Drillhole Location Map

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Figure 3: San Andres Drillhole SAS-21-14 Cross-Section

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Background – San Andres Target

The San Andres target is part of the Punitaqui project which is situated within a 25-kilometer-long mineralized district that is a classic IOCG and mantos style copper belt that is comprised of mantos and structural controlled copper-gold-silver veins. San Andres is a zone of copper mineralization located 500m southwest of the high-grade Cinabrio deposit mined by Glencore and Xiana Mining.

Prior to 1998, only limited extraction of high-grade copper oxides was undertaken at San Andres by small groups of local miners. In 2000 a Chilean national company La Empressa Nacional de Mineria (“ENAMI”) developed two underground exploration drives targeting copper sulphides. In 2005, via an option process, San Andres became part of the Punitaqui mine complex.

In 2007, a ground geophysical induced polarization (“IP”) survey was completed on 250m – 500m spaced lines across the San Andres-Cinabrio area. The results of the IP survey line across the southern end of the San Andres zone identified a strong chargeability anomaly interpreted to represent potential extensions of the copper sulphide mineralization at depth and along strike. Historic wide-spaced drilling completed by the previous operators between 2011- 2017 totaled 58 holes for 5,927m.

San Andres is a tabular sedimentary horizon within a volcanic sequence. This sedimentary horizon is variably mineralized and has a variable width ranging from 5m – 30m. It consists of an interlayered volcano-sedimentary sequence composed of dark colored laminated and unlaminated shales, volcanoclastic sandstone, conglomerates and breccias and tuff breccias. There is a variable component of syngenetic pyrite. The horizon dips 40 to 50 degrees to the east and is cut-off at depth by the moderately west dipping San Andres fault.

Mineralization consists of veinlets and irregular disseminations in both the fine and coarse-grained clastic rocks and locally within the volcanic rocks above and below the host unit. The host horizon is also cut and offset by other faults with a wide range of orientations. The fundamental orientations identified to date include:

  • Moderately west dipping splays of the San Andres fault, generally with downward and westward movement.
  • Steep dipping northeast to northwest trending faults with both sinistral and dextral offsets.
  • Faults parallel and sub-parallel to stratigraphy.

Quality Control

Sample preparation, analysis and security procedures applied on the BMR exploration projects is aligned with industry best practice. BMR has implemented protocols and procedures to ensure high quality collection and management of samples resulting in reliable exploration assay data. BMR has implemented formal analytical quality control monitoring for all field sampling and drilling programs by inserting blanks and certified reference materials into every sample sequence dispatched.

Sample preparation is performed ALS Global – Geochemistry Analytical Lab in La Serena, Chile and sample analyses by ALS in Lima, Peru. ALS analytical facilities are commercial laboratories and are independent from BMR. All BMR samples are collected and packaged by BMR staff and delivered upon receipt at the ALS Laboratory. Samples are logged in a sophisticated laboratory information management system for sample tracking, scheduling, quality control, and electronic reporting. Samples are dried then crushed to 70% < -2 millimeters and a riffle split of 250 grams is then pulverized to 85% of the material achieving a size of <75 microns. These prepared samples are then shipped to the ALS Laboratory in Lima Peru for analyses by the following methods:

  • ME-MS61: A high precision, multi-acid digest including Hydrofluoric, Nitric, Perchloric and Hydrochloric acids. Analysed by inductively coupled plasma (“ICP”) mass spectrometry that produces results for 48 elements.
  • ME-OG62: Aqua-Regia digest: Analysed by ICP-AES (Atomic Emission Spectrometry) or sometimes called optical emission spectrometry (ICP-OES) for high levels of Co, Cu, Ni and Ag.

Certified standards are inserted into sample batches by ALS. Blanks and duplicates are inserted within each analytical run. The blank is inserted at the beginning, certified standards are inserted at random intervals, and duplicates are analysed at the end of the batch.

Additional Information

Michael Schuler, Battery Mineral Resources Corp. Chile Exploration Manager, supervised the preparation of and approved the scientific and technical information in this press release pertaining to the Punitaqui Exploration Drill Program. Mr. Schuler is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Battery Mineral Resources Corp.

A battery mineral company with high-quality assets providing shareholders exposure to the global mega-trend of electrification and focused on growth through cash-flow, exploration and acquisitions in the world’s top mining jurisdictions. Battery is currently developing the Punitaqui Mining Complex and pursuing the potential near term resumption of operations for second half of 2022 at the prior producing Punitaqui copper-gold mine. The Punitaqui copper-gold mine most recently produced approximately 21,000 tonnes of copper concentrate in 2019 and is located in the Coquimbo region of Chile.

Battery is engaged in the discovery, acquisition, and development of battery metals (cobalt, lithium, graphite, nickel and copper), in North and South America and South Korea with the intention of becoming a premier and sustainable supplier of battery minerals to the electrification marketplace. Battery is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp, Canada and continues to pursue a focused program to build on the recently announced, +1-million-pound high grade cobalt resource at McAra by testing over 50 high-grade primary cobalt silver-nickel-copper targets. In addition, Battery owns 100% of ESI Energy Services, Inc., also known as Ozzie’s, a pipeline equipment rental and sales company with operations in Leduc, Alberta and Phoenix, Arizona.

For further information, please contact:

Battery Mineral Resources Corp.
Martin Kostuik
Phone: +1 (604) 229 3830
Email: [email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law.

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Enduro Issues Final 4 Million Shares to Acquire 100% of Newmont Lake Project

Kelowna, British Columbia–(Newsfile Corp. – November 30, 2021) – Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) ("Enduro Metals" or…

Kelowna, British Columbia–(Newsfile Corp. – November 30, 2021) – Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG) (“Enduro Metals” or the “Company“) is pleased to announce that it has issued the remaining 4 million shares to Romios Gold Resources Inc. (“Romios“) pursuant to the option agreement to acquire 100% of the Newmont Lake Project.

100% Ownership Earn-In Developments

To date, Enduro Metals has issued to Romios 8 million shares, $1 million cash and has incurred in excess of $14 million of expenditures related to exploration and evaluation activities.

Enduro recently delivered Romios 4 million shares (total to date 12 million shares) subject to “lock-up” provisions where 1 million shares are restricted for 6 months, and 3 million shares are restricted for 12 months as of November 29th, 2021. The shares are also subject to a hold period of four months and a day from the date of issuance, in accordance with applicable securities laws.

To exercise its 100% option interest, Enduro is required to make a final $1 million cash payment by February 22, 2022. Romios will retain a 2% NSR on the property with a 5 km area of interest of which Enduro may reduce to 1% for a total of $4 million CAD at anytime.

About Enduro Metals

Enduro Metals is an exploration company focused on it’s flagship Newmont Lake Project; a total 654km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia’s Golden Triangle. Enduro entered into an option agreement to acquire 436km2 from Romios Gold Resources who has carefully amalgamated the area since 2005 from numerous smaller operators. The remaining 202 km2 is owned 100% by Enduro and was acquired via staking or cash purchase. Building on prior results, the Company’s geological team have outlined 4 deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, high-grade epithermal/skarn silver/zinc at Cuba, and a large 9km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.

On Behalf of the Board of Directors,
ENDURO METALS CORPORATION

Cole Evans
President/CEO

For further information please contact:

Investor Relations
Sean Kingsley – Director of Communications
Tel: +1 (604) 440-8474

Email: [email protected]
https://www.endurometals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Enduro’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking information in this document includes, but is not limited to results, expectations concerning the exercise of the Romios option, geological and mineralization interpretations and other statements that are not historical in nature. Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions the effect of a pandemic and particularly the COVID-19 outbreak as a global pandemic on the Company’s business, financial condition and results of operations and the impact of the COVID-19 outbreak on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, financial condition and results of operations; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; ; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Enduro to implement its business strategies; competition; and other assumptions, risks and uncertainties.

This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance, or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance, or achievements to differ from those anticipated, estimated or intended.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

For US Investors

Enduro Metals cautions that this release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Information included in this media release has been prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission and information contained herein may not be comparable to similar information disclosed by U.S. companies.

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Aurwest Resources Reports Strong Third Quarter Results

Calgary, Alberta–(Newsfile Corp. – November 30, 2021) – Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to announce that…

Calgary, Alberta–(Newsfile Corp. – November 30, 2021) – Aurwest Resources Corporation (CSE: AWR) (“Aurwest” or the “Company“) is pleased to announce that effective November 29, 2021 the Company has filed its September 30, 2021 third quarter financial statements (“Financial Statements“), management’s discussion and analysis (“MD&A“), and quarterly certifications for the three and nine-month period ended September 30, 2021. The Financial Statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and interpretations of the International Financial Reporting Interpretations Committee.

HIGHLIGHTS AND SIGNIFICANT EVENTS FOR NINE MONTHS ENDED SEPTEMBER 30, 2021

  • On February 9, 2021, the Company announced the Phase 1 exploration program for its Paradise Lake gold project. An experienced team of geologists and prospectors have been assembled to conduct the planned exploration activities. The exploration program will fulfill the first year $500,000 commitment under the option agreement.
  • On February 25, 2021, 10,625 agent warrants and 155,407 share purchase warrants exercisable at $0.20 expired unexercised.
  • On February 28, 2021, the Company appointed Mrs. Amy Stephenson as VP Finance and Chief Financial Officer of the Company. Mrs. Stephenson has over 20 years’ experience in the capital markets and as CFO of public companies. Prior to being CFO of some of the largest US and Canadian cannabis companies, Mrs. Stephenson was CFO of mining and oil and gas exploration companies for 10 years.
  • On March 26, 2021, the Company granted 2,800,000 stock options to directors, officers, and consultants. The stock options have a term of two years and are exercisable at a price of $0.14 per option.
  • On March 30, 2021, the Company held its annual general meeting via conference call. The meeting among other matters, passed a special resolution approving the removal of the Company’s current Articles in their entirety and replacing them with new Articles.
  • On April 6, 2021, Dahrouge Geological Consulting completed a National Instrument 43-101 report on the Company’s Stellar porphyry copper project in British Columbia. This report has been filed on SEDAR.
  • On April 19, 2021, the Company entered into option agreement with Tenacity Gold Mining Company Ltd. to earn 100% interest in a 24,200 hectares (242 sq. km.) property contiguous with the Company’s existing Paradise Lake gold project, known as the Stony Caldera Gold Property in Central Newfoundland.
  • On April 27, 2021, the Company issued 16,000 shares for services provided.
  • On May 12, 2021, 75,000 agent warrants with exercise price of $0.10 were exercised.
  • On May 13, 2021, the Company settled a loan payable to a creditor of $13,091.
  • On May 26, 2021, the Company announced at non-brokered private placement to raise up to $2,550,000 of flow-through and non-flow through shares with lead order from Mr. Eric Sprott of $1,500,000.
  • On May 31, 2021, due to demand from investors, the Company upsized the private placement to $5,000,000. Mr. Eric Sprott increased his investment to $2,000,000.
  • On June 16, 2021, the Company closed the non-brokered flow-through and non-flow through financing with total gross proceeds of $5,310,184 of which $2,296,906 are flow-through funds.
  • On July 29, 2021, 250,000 share purchase warrants exercisable at $0.16 per share expired unexercised.
  • On August 3, 2021, the Company staked two claim groups covering 2,278 ha. on adjoining ground to the Stellar property.
  • On September 30, 2021, the Company completed the purchase of a 50% interest in the Stars Property from Pacific Empire Minerals Corp. for cash payment of $350,000 and a net smelter return of 2% with the right to repurchase at any time 1% of the NSR for $1,000,000. The Stars Property is a copper porphyry project consists of 2,136 hectares and is contiguous to the Company’s Stellar Property in central British Columbia.
  • On September 30, 2021, the Company announced a normal course issuer bid (“NCIB”) to purchase up to 4,801,431 common shares through the facilities of the CSE. The provisions of the bid allow for a maximum of 5% of the total outstanding common shares of the Company to be purchased for cancellation during the period September 30, 2021 to September 30, 2022. Any common shares of the Company purchased pursuant thereto are to be cancelled. As of September 30, 2021, the Company has purchased 150,000 common shares.

Colin Christensen, President and Chief Executive Office of the Company stated, “Aurwest is one of the largest landholders in the new evolving gold district in central Newfoundland. With the success of our financing in June, the Company is in a strong financial position, and is poised to build shareholder value through expansion and acceleration of its exploration program and property acquisition.”

All amounts presented herein are in Canadian dollars, unless stated otherwise.

On Behalf Of Aurwest Resources Corporation

Colin Christensen
President and Chief Executive Officer

For additional information please contact:
Colin Christensen
Telephone: (403) 483-8363
Email: [email protected]
Website: www.aurwestresources.com

About Aurwest Resources Corporation
Aurwest is a Canadian-based junior resource company focused on the acquisition, exploration and development of gold, silver and other precious and base metal properties in North America. The Company currently holds on option on the Paradise Lake and Stony Caldera gold projects in Central Newfoundland, that covers approximately 45 kms of strike length (47,800 hectares of 478 sq. km.) a regional scale mineralized structure that hosts the Valentine Lake gold deposit located to the southwest and the Moosehead gold discovery located northeast of the property. Aurwest also currently holds a 100% interest in the 24,533 hectare Stellar copper/gold project, plus a 50% interest in the adjoining Stars Property, a copper porphyry project covering 2,136 hectares located approximately 65 kms southwest of Houston, British Columbia.

Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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Star Royalties Retains Renmark Financial Communications and Announces Participation in Renmark’s Virtual Non-Deal Roadshow Series

November 30, 2021 – TheNewswire – TORONTO, ON – Star Royalties Ltd. (the “Company” or “Star Royalties”) (TSXV:STRR), (OTC:STRFF), is pleased…

November 30, 2021 – TheNewswire – TORONTO, ON – Star Royalties Ltd. (the “Company” or “Star Royalties”) (TSXV:STRR), (OTC:STRFF), is pleased to announce that it has retained the services of Renmark Financial Communications Inc. (“Renmark”) to assist with its investor relations activities. Star Royalties has partnered with Renmark to enhance its visibility and profile in the investment advisor community as the Company aims to raise awareness of its carbon negative royalty and streaming platform.

Alex Pernin, Chief Executive Officer of Star Royalties, commented: “We are pleased to announce that we have selected Renmark to reinforce Star Royalties’ profile and enhance our visibility in the financial community. We look forward to working with Renmark to effectively communicate our carbon negative royalty and streaming platform to the investment advisor communities across the U.S. and Canada.”

Participation in Renmark’s Virtual Non-Deal Roadshow – Dec 1, 2021

Star Royalties will be participating in Renmark’s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Wednesday, December 1, at 11:00AM EST. Star Royalties Ltd. welcomes stakeholders, investors, and other individual followers to register and attend this live event.

The presentation will feature Chief Executive Officer, Alex Pernin and Chief Investment Officer, Kevin MacLean. Topics to be covered will include the latest investor presentation followed by a live Q&A. Investors interested in participating in this event will need to register using the link below. As a reminder, registration for the live event may be limited, but access to the replay after the event will be on The Company’s Investor website at starroyalties.com/media.

REGISTER HERE:

Wednesday, December 1, 11:00AM EST – https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-strr-otcqx-strff-2021-12-01-110000

To ensure smooth connectivity, please access this link using the latest version of Google Chrome.

In consideration of the services to be provided, the monthly fees incurred by Star Royalties will be a cash consideration of up to C$8,000, starting December 1, 2021 for a period of seven months ending on June 30th, 2022 with the potential to extend on a monthly basis thereafter.

Renmark does not have any interest, directly or indirectly, in Star Royalties or its securities, or any right or intent to acquire such an interest.

 CONTACT INFORMATION

For more information, please visit our website at starroyalties.com or contact:

Alex Pernin, P.Geo.        Peter Bures

Chief Executive Officer and Director        Chief Business Development Officer

[email protected]        [email protected]
+1 647 801 3549       
+1 437 997 8088

 ABOUT STAR ROYALTIES LTD.

Star Royalties Ltd. is a precious metals and green royalty and streaming investment company. The Company created the world’s first carbon negative gold royalty platform and offers investors gold exposure with an increasingly negative carbon footprint. The Company’s objective is to provide wealth creation through accretive transaction structuring and asset life extension with superior alignment to both counterparties and shareholders.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this news release may constitute “forward-looking statements”, including those regarding the strategies and business plans of the Company. Forward-looking statements are statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Star Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results, performances or achievements to differ materially from such forward-looking statements, including, without limitation, the ability of the parties of the Acquisition to complete the transaction, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to identify and execute future acquisitions on acceptable terms or at all, risks inherent to royalty and streaming companies,  title and permitting matters, metal and mineral commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operation and development risks relating to the parties which produce the metals and minerals Star Royalties will purchase or from which it will receive royalty or streaming payments, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global social and economic climate, natural disasters and global pandemics, including COVID-19, dilution, and competition. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

Copyright (c) 2021 TheNewswire – All rights reserved.





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