VANCOUVER, British Columbia, Sept. 22, 2021 (GLOBE NEWSWIRE) — news release dated May 6, 2014).( ) (“Independence” or “the Company”) is pleased to provide an update on its exploration program on its 100% owned 3Ts Project (the “Property”) including additional assays from the winter/spring drill programs, the geophysical ground survey, and the recently completed soil sampling program and LiDAR survey. The Property is located approximately 185 kilometres (“km”) southwest of Prince George, British Columbia and situated 20 km southwest of ’s Blackwater Gold Deposit. A National Instrument 43-101 compliant inferred resource estimate has been calculated on the 3Ts Project for the Tommy and Ted-Mint Veins, using a 1 gram per tonne (“g/t”) gold (“Au”) cutoff grade, with the total inferred resource for these three veins of 5,452,000 tonnes grading 2.52 g/t Au and 71.5 g/t silver (“Ag”) for 441,000 contained ounces of Au and 12,540,000 contained ounces of Ag (see
The 2021 winter/spring drill program was designed to test significant gaps within the historical drilling of the Tommy, Ted-Mint and Larry vein systems and to expand the current inferred resource. Please refer to the website for maps showing the vein and drill hole locations and for previously reported drill results (see news releases dated June 3, 2021 and June 29, 2021). Drill hole 3T-21-04 was designed to intersect the Ted-Mint Offset Vein above the microdiorite sill and was drilled to a depth of 152 metres (“m”) at -50°. Significant intersections include:
Both drill holes 3T-21-05 and 3T-21-06 were designed to intersect the Ted-Mint Offset Vein below the microdiorite sill, with both holes being drilled from the same collar location, at different azimuths, and drilled to a depth of 365m (-62°) and 432m (-62°) respectively. Significant intersections include:
Drill hole 3T-21-07 was planned to intersect the Larry Vein near the surface and to intersect the Tommy East and Tommy Vein below the microdiorite sill. This drill hole reached a depth of 386m (-69°) and significant intersections include:
Several drill holes from previous drill programs have been relogged and 304 additional core samples have been submitted for assays. These samples were selected following a reinterpretation of the geological and structural model of the 3Ts vein systems.
All core samples were sent to SGS lab in Vancouver for sample prep and processing. Robotic sample preparation was used to ensure reproducibility; samples were pulverized to greater than 85% passing 75 microns. All samples were submitted for four acid digest with an ICP finish. Gold grades were obtained by fire assay with AAS finish. Samples which return greater than 50 parts per million silver were resubmitted for fire assay with a gravimetric finish.
Soil Sampling Program
A total of 782 soil samples were collected over the Property, with the focus being on the Tommy Vein Extension on the north side of Tommy Lake as well as the Johnny Vein trend. Historic samples located on a widely spaced grid returned values up to 180 ppb gold but were never followed up on. These areas indicate potential extension of the Tommy and Johnny veins. Please see the corporate presentation dated September 2021 for more details on the soil sampling program. All soil samples have been submitted for processing and analysis to SGS.
Dias Geophysical Limited completed a major geophysical survey covering approximately eight square kilometres on the Property, comprised of a 3D Induced Polarization (IP) and resistivity survey, along with a Magnetotelluric (“MT”) survey utilizing the DIAS32 system. Interpretation of the geophysical survey has recently been carried out by Condor North Consulting ULC with a final report received for all three surveys. The results show a strong correlation between high resistivity anomalies of the known vein system both on surface and at depth. The geophysical survey has highlighted several new targets near surface, as well as a large resistive and conductive anomaly at depth. Please see the corporate presentation for the geophysical information and interpretation.
The Company has recently completed a LiDAR survey of approximately 52 km2 covering the entire property. The survey was conducted by McElhaney Ltd., and processing is expected to take 6 weeks. Results from the survey are anticipated to outline major structural controls which appear to be closely associated with several periods of mineralization.
A drone survey has commenced over the Tommy and Ted-Mint vein system with the main objective to outline outcrops and to correlate the geological model with precise high resolution imagery.
Future Drill Program
Following receipt of all geochemical information and the analysis of the data collected in the winter/spring drill program and the summer exploration program, a drill program of approximately 3,000 metres is currently being planned for the fall/winter. This program is being designed with the aim to expand the current resource model on the Property.
( ) is a mineral exploration company listed on the TSX Venture Exchange. The Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. For additional information, visit the Company’s website www.ingold.ca.
Andy Randell, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
ON BEHALF OF THE BOARD OF
Randy Turner, President & CEO
Neither the 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.
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under www.sedar.com. Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.’s SEDAR profile at
E-Mail: [email protected]
K2 Year in Review
Vancouver, British Columbia–(Newsfile Corp. – January 18, 2022) – K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) ("K2" or the "Company") is…
Vancouver, British Columbia–(Newsfile Corp. – January 18, 2022) –( ) (OTCQB: KTGDF) (FSE: 23K) (“K2” or the “Company“) is pleased to provide a 2021 annual review of progress.
The two most significant advancements at Mojave in 2021 were a 50% increase in the gold footprint, and the discovery of large zones of copper and base metals on the western margins of the property.
- The Mojave property in California is progressing to the drill stage. The next phase of proposed drilling was submitted to the Bureau of Land Management (“BLM”) and is progressing through the necessary review process. The Company has applied for 30 drill sites (approximately 10,000m) which will infill and extend the footprint of gold mineralization previously drilled at the Dragonfly and Newmont targets in October 2020. The results of the next drilling programme will be incorporated into the current database to provide a preliminary gold resource estimation of the Eastern Target Area which will incorporate the Dragonfly, Remi and Newmont targets.
- Through a comprehensive exploration program, the Company identified nine more areas of gold mineralization on the Eastern Target Zone expanding the anomalous geochemical surface expression from four to six kilometers in continuous strike length, an increase of thirty percent.
- The 2021 exploration program was also successful in beginning to understand extensive areas of copper mineralization at the Stega target on the western side of the property.
- Samples of up to 14.2% copper with mineralization associated with locally anomalous gold and silver.
- The current surface expression of the Stega Copper Zone is up to 250m in width, 1.8km in length, and is open to the N-NW.
- The relationship between the recently discovered sediment hosted copper sampled at surface, and possible buried intrusives/porphyries (identified by recent VTEMTM) is unclear at this time but spatially there appears to be a distinct and direct relationship.
- The 360 Ha Morning Star property adjacent to Mojave was optioned from a private vendor. The property consists of a combination of patented and unpatented mining claims, the majority of which are unpatented. The geology is similar to Mojave, however, more mapping and interpretation is required to fully understand the mineralization style. The property has a valid drill permit. Previous drilling in the 80’s and 90’s on the property intersected grades up 3.7g Au over 38m (this figure is considered historical, the core is still available for review but the assay certificates from drilling have not been located).
- Over the course of 2021 the Company has been actively pursuing prospective gold properties in Nevada and other states in southwestern USA. News on potential property additions are expected to be released in Q1 and Q2 2022.
Steve Swatton, President and CEO of K2, commented: “2021 was a pivotal year for K2. As the US’s government departments adjusted to the expectations of the new administration, we continued to advance the Mojave property as per the BLM guidelines. Our strategy was to continue exploration at Mojave while actively looking for complementary properties in other regions of the southwest US. The discovery of significant copper in addition to gold at Mojave was a welcomed development, particularly in light of the announcements throughout the year from the State Department that the government would like to source more critical metals from domestic sources. We have identified several mineral properties in other states, and we expect to be announcing agreements on one or more other projects in the short term as we await the BLMs decision on the timing of permitted drilling at Mojave.”
Please CLICK HERE to view all figures related to this news release.
Summary of 2021 Highlights:
March 2021 – Positive decision letter of completion of documents for Phase 2 of drilling delivered to K2 by the BLM.
April 2021 – The Company announced that based on a comprehensive rock sampling program the mineralization in the area of previous drilling (by Newmont, BHP and K2) was extended to approximately 1 km at surface.
May 2021 – Further sampling in the Dragonfly zone returned gold values of up to 14.5 g/t gold and both the Newmont and Flores zones were extended at surface. In addition to the known gold zone of previous drilling the company discovered sediment hosted copper in a parallel zone approximately 3km to the west. Extensive sampling recovered samples of up to 14.2% Cu from the Stega zone.
June 2021 – Additional sampling at Stega revealed that the mineralization is zoned with a distinct Cu, Pb and Zn banding occurring adjacent to a gold zone. Both zones are pervasive along a distinct north-west fault and the mineralization extends for approximately 6km by 1km.
August 2021 – K2 signed an option agreement to acquire the Morning Star property (formerly known as the Cerro Gordo property) for certain cash payments, work commitments and a 3% NSR of which 1.5% can be purchased by the Company.
November 2021 – Results of additional soil, rock and select ionic leach samples confirmed and extended mineralization at 4 zones (Stega, Soda Canyon, Upland Valley and Gold Valley). This information combined with previous work lead to the conclusion that the mineralization at the Mojave property is district wide and occurs intermittently over 100km2.
December 2021 – Announced results of a heli-borne electromagnetic VTEMTM survey. The interpretation of the results is highly suggestive of at least 2 or more buried intrusives that may be the source of the fluids that transported the mineralization at Mojave.
Jodie Gibson, P.Geo, Vice President of Exploration and a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information on this release.
K2 is a member of the Discovery Group of companies and has option agreements on projects in SW USA and the Yukon. In the USA, the Company is represented by its 100% subsidiary, Mojave Precious Metals Inc. (“MPM”). The Company is focused on the Mojave property in California, a 5,830-hectare oxide gold project with base metal targets. The location of Mojave enables the Company to have year-round news flow on multiple previously recognized surface gold targets that have been successfully drilled in the past by majors BHP and Newmont. Besides affording immediate drill targets based on the Company’s soil data integrated with LiDAR and Worldview-3 data, the property also has undrilled locations with gold enriched historical trench results including one at the Flores zone which recorded 8.4 g/t gold over 25.6m (see October 30, 2013 news release from).
K2 and MPM are committed to transparency, accountability, environmental stewardship, safety, diversity and inclusion, and community engagement.
On behalf of the Board of Directors,
President and CEO
Cautionary Statement on Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the exploration program at Mojave, including results of drilling, and future exploration plans at Mojave. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company’s public disclosure record which is available on SEDAR (www.sedar.com). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110731
Ero Copper Reports Two Separate Fatal Incidents at its Operations
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is deeply saddened…
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) —( , NYSE: ERO) (“Ero” or the “Company”) is deeply saddened to report that, in recent days, two separate and isolated incidents occurred at its operations resulting in fatal injuries being sustained by two employees. One incident occurred at the Company’s MCSA Mining Complex, and the second incident occurred at its NX Gold Mine. No other personnel were injured.
Following each incident, the Company voluntarily suspended each of its operations to allow for investigations to be conducted and for leadership to provide support for the employees’ families and affected staff. Since the incident at the MCSA Mining Complex late last week, mining and milling operations have resumed. Since the incident at the NX Gold Mine yesterday evening, operations have been suspended as part of a site-wide safety stop initiative and are expected to resume within the next 24 hours.
The Company is actively assisting in the investigation of these tragic incidents.
ABOUT ERO COPPER CORP
Ero Copper Corp, headquartered in Vancouver, B.C., is focused on copper production growth from the MCSA Mining Complex located in Bahia State, Brazil, with over 40 years of operating history in the region. The Company’s primary asset is a 99.6% interest in the Brazilian copper mining company, MCSA, 100% owner of the MCSA Mining Complex, which is comprised of operations located in the Curaçá Valley, Bahia State, Brazil, wherein the Company currently mines copper ore from the Pilar and Vermelhos underground mines, and the Boa Esperança development project, an IOCG-type copper project located in Pará, Brazil. The Company also owns 97.6% of the NX Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the MCSA Mining Complex, Boa Esperança and NX Gold properties, can be found on the Company’s website (www.erocopper.com), on SEDAR (www.sedar.com), and on EDGAR (www.sec.gov).
|/s/ David Strang||For further information contact:|
|David Strang, CEO||Courtney Lynn, VP, Corporate Development & Investor Relations|
CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS
This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking statements include statements that use forward-looking terminology such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”, “potential”, “view” or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements with respect to the expected restart of operations at the NX Gold Mine.
Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this press release. While the Company considers such assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive, global health, and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements. Many 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.
Furthermore, such forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation the risk factors listed under the heading “Risk Factors” in the Annual Information Form for the year ended December 31, 2020 and dated March 16, 2021.
Although the Company has attempted to identify important factors that could cause actual actions, events, conditions, results, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, conditions, results, performance or achievements to differ from those anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws.
ExGen Increases Common Share Private Placement to $2,850,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE…
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) —( ; OTC: BXXRF) (“ExGen”) is pleased to announce that, further to its news releases dated November 23, 2021 and January 14, 2022, the maximum gross proceeds of its non-brokered private placement offering of common shares in the capital of ExGen (“Offered Shares”) at a price of $0.10 per Offering Share has been increased to up to $2,850,000 (a maximum of 28,500,000 Offered Shares) (the “Private Placement”). The Private Placement is anticipated to close on or about January 28, 2022. The remainder of the terms of the Private Placement as set forth in the January 14, 2022 new release remain the same.
ExGen, formerly Boxxer Gold Corp, is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has 5 projects in Canada and the US.
For more information on ExGen please contact :
Chief Financial Officer
Email: [email protected]
Phone: (604) 229-1238
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.
This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the Private Placement, including, the magnitude of the Private Placement and the potential closing date of the Private Placement; and ExGen’s business model, goals and approach as a project accelerator, including ExGen’s intention to fund projects through joint ventures and partnerships, and its intention to diversify its portfolios of projects across exploration stages and commodity groups. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects ExGen’s current beliefs and is based on information currently available to ExGen and on assumptions ExGen believes are reasonable. These assumptions include, but are not limited to: the current share price of ExGen’s common shares; TSXV acceptance and market acceptance of the Private Placement; ExGen’s current and initial understanding and analysis of its projects; ExGen’s general and administrative costs remaining constant; market acceptance of ExGen’s business model, goals and approach; the availability of potential acquisitions and prices acceptable to ExGen; and the feasibility and reasonableness of conducting exploration on and developing any of ExGen’s projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of ExGen to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that the ongoing work programs will result in significant or successful exploration and development of the Empire Mine Project, or other projects, or development of the Empire Mine Project into a producing mine; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ExGen may not be able to comply with its ongoing obligations regarding its properties including the Empire Mine Project; the early stage development of ExGen and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices, in particular copper, gold, silver and zinc prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ExGen; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors which may cause actual results to differ materially from forward-looking information can be found in ExGen’s disclosure documents on the SEDAR website at www.sedar.com. Although ExGen has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. ExGen does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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