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Argentina Lithium Announces Corporate Update

Argentina Lithium Announces Corporate Update
PR Newswire
VANCOUVER, BC, Jan. 14, 2022

TSX Venture Exchange (TSX-V):  LIT  Frankfurt Stock Exchange (FSE): OAY3 OTCQB Venture Market (OTC): PNXLF
VANCOUVER, BC, Jan. 14, 2022 /PRNewswire/ – Argentin…

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Argentina Lithium Announces Corporate Update

PR Newswire

TSX Venture Exchange (TSX-V):  LIT  
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture Market (OTC): PNXLF

VANCOUVER, BC, Jan. 14, 2022 /PRNewswire/ – Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), (“Argentina Lithium” or the “Company”) is pleased to announce that it has retained Zoppa Media Group (“Zoppa“) to act as an investor relations consultant to the Company, to assist with corporate finance and investor relations programs. Zoppa has been engaged for a term of one year at a monthly fee of $1,500.

Zoppa is at arm’s length to the Company. Principals of Zoppa currently own 456,000 shares of the Company as of the date hereof and may purchase securities in the Company from time to time for investment purposes. Zoppa’s appointment as an investor relations consultant to the Company is subject to regulatory approval from the TSX Venture Exchange.    

About Argentina Lithium
Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina, and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina, and has assembled a first rate team of experts to acquire and advance the best lithium properties in the world renowned “Lithium Triangle”. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

“Nikolaos Cacos”

_______________________________
Nikolaos Cacos, President, CEO and Director

https://www.facebook.com/argentinalithiumcorp/
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https://ca.linkedin.com/company/argentina-lithium-&-energy-corp.
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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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/argentina-lithium-announces-corporate-update-301460985.html

SOURCE Argentina Lithium & Energy Corp.


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Benchmark Drills 8.20 Metres of 49.38 g/t Gold Equivalent Within 177.20 Metres of 3.21 g/t Gold Equivalent at the Cliff Creek Deposit

Edmonton, Alberta–(Newsfile Corp. – January 28, 2022) – Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark")…

Edmonton, Alberta–(Newsfile Corp. – January 28, 2022) – Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the “Company” or “Benchmark“) – is pleased to announce new results from 9 infill and expansion drill holes from the southern portion of the Cliff Creek deposit area (Cliff Creek South – CCS). Drilling has intersected broad zones of bulk-tonnage and high-grade mineralization including 177.20 metres (m) core length of 1.73 grams per tonne (g/t) gold and 117.87 g/t silver or 3.21 g/t gold equivalent (AuEq)* with 8.20 m of 23.83 g/t gold and 2044.15 g/t silver or 49.38 g/t AuEq in drill hole 21CCDD061 (Figure 1). These new drill results continue to test and expand beyond the limits of the 2021 modelled pit shell and demonstrate strong continuity of mineralization from surface to over 450 vertical metres depth (Figure 2). Expansion potential at CCS remains open with the potential for open-pit resources at surface as well as high-grade material at depth for underground mining. Benchmark’s flagship Lawyers Gold-Silver Project is located within a road-accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.

John Williamson, CEO, commented, “Benchmark has grown the Cliff Creek South area from a new gold-silver discovery at surface that now extends to 450 metres depth. The entire Cliff Creek Deposit remains open at depth with significant high-grade material. Expansion and infill drilling at the south end of the Cliff Creek Deposit continues to generate significant, long intersections of gold-silver mineralization. Drilling is providing continuity and extending gold-silver mineralization to greater depths. The CCS area is providing optionality for open pit mining and/or underground mining that holds bulk tonnage high-grade gold and silver material at depth.”

Highlights

  • Delivered strong results along the limits of the 2021 $1600 modelled pit shell including 112.09 m core length of 1.21 g/t gold and 30.70 g/t silver or 1.60 AuEq with 44.80 m of 2.05 g/t gold and 18.07 g/t silver or 2.28 g/t AuEq in drill hole 21CCDD044; and 95.55 m core length of 1.30 g/t gold and 47.89 g/t silver or 1.90 g/t AuEq with 21.00 m of 4.04 g/t gold and 84.12 g/t silver or 5.09 g/t AuEq in drill hole 21CCDD049, and;
  • Excellent infill and expansion drilling results that continue to confirm the continuity of this robust mineralizing system along-strike and at-depth beyond the 2021 modelled pit shell (Table 1), and;
  • Potentially reducing the strip ratio by continuing to yield high-grade material with enveloping broad and high-grade bulk-tonnage material.

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Figure 1: Plan map at the Cliff Creek Deposit
 highlighting new 2021 drill results.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/111917_36d4932af4ac395f_001full.jpg

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Figure 2: Long-section at the Cliff Creek South Zone showing gold and silver results from a series of drill holes.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/111917_36d4932af4ac395f_002full.jpg

Table 1: Drill results summary from the Cliff Creek South Zone

Drillhole From (m) To (m) Interval (m)* Au (g/t) Ag (g/t) AuEq (g/t)** 
 21CCDD028 110.00 122.12 12.12 1.79 162.25 3.82 
120.73 121.52 0.79 16.45 1505.00 35.26 
269.00 282.20 13.20 0.29 42.54 0.82 
271.00 272.25 1.25 2.62 236.00 5.57 
421.80 433.78 11.98 0.66 19.06 0.90 
433.30 433.78 0.48 6.56 335.00 10.75 
 21CCDD039 359.00 361.00 2.00 0.92 19.74 1.17 
419.42 531.51 112.09 0.68 5.07 0.74 
442.00 448.00 6.00 4.91 5.39 4.97 
441.00 444.00 3.00 6.28 6.36 6.35 
 21CCDD043 182.00 281.00 99.00 0.71 20.73 0.97 
243.00 253.00 10.00 2.34 81.69 3.36 
241.00 244.00 3.00 5.64 31.07 6.02 
 21CCDD044 212.00 254.00 42.00 0.48 23.58 0.77 
incl. 243.00 245.00 2.00 1.90 129.25 3.51 
326.15 331.85 5.70 0.70 87.84 1.80 
372.00 496.00 124.00 1.21 30.70 1.60 
incl. 399.00 402.00 3.00 11.58 284.74 15.14 
and 439.20 484.00 44.80 2.05 18.07 2.28 
incl. 439.20 440.00 0.80 34.60 9.59 34.72 
 21CCDD049 332.00 351.00 19.00 1.97 9.78 2.10 
incl. 343.00 344.00 1.00 22.70 54.00 23.38 
402.00 497.55 95.55 1.30 47.89 1.90 
incl. 462.00 483.00 21.00 4.04 84.12 5.09 
incl. 462.00 463.00 1.00 20.40 778.00 30.13 
 21CCDD051 143.00 257.20 114.20 0.52 13.65 0.69 
143.00 202.00 59.00 0.46 14.53 0.64 
143.00 144.00 1.00 5.24 152.00 7.14 
230.00 257.20 27.20 1.06 22.99 1.35 
245.15 246.20 1.05 11.55 133.00 13.21 
 21CCDD053 3.00 17.00 14.00 0.51 64.82 1.32 
4.00 5.00 1.00 4.26 512.00 10.66 
136.00 143.00 7.00 0.60 15.61 0.79 
172.00 276.11 104.11 0.63 20.83 0.89 
247.00 250.00 3.00 5.19 353.05 9.60 
 21CCDD061 111.00 122.83 11.83 0.25 52.28 0.90 
incl. 120.00 121.03 1.03 0.70 279.00 4.19 
176.00 353.20 177.20 1.73 117.87 3.21 
incl. 333.35 350.60 17.25 14.24 1102.99 28.03 
incl. 337.80 346.00 8.20 23.83 2044.15 49.38 
incl. 340.00 341.00 1.00 38.30 3740.00 85.05 
 21CCDD081 213.00 318.00 105.00 0.84 9.15 0.95 
257.00 260.00 3.00 8.67 49.73 9.29 

 

* Gold equivalent (AuEq) calculated using 80:1 silver to gold ratio.
** Intervals are core-length. True width is estimated between 80 to 90% of core length.

Quality Assurance and Control

Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by Company personnel under the direction of Rob L’Heureux, P.Geol. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over- limits being re-analyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

Stock Options Granted

The Company has granted 6,325,000 stock options at an exercise price of $1.10 to employees and consultants. The options shall expire and terminate on January 26, 2027. These stock options have been granted in accordance with the Company’s Stock Option Plan. Pursuant to this plan, the Company is authorized to grant an aggregate of up to 10% of its issued and outstanding common shares on a rolling basis.

About Benchmark Metals

Benchmark Metals Inc. is a Canadian based gold and silver company advancing its 100% owned Lawyer’s Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition to +20 new target areas along the 20 kilometre trend. The Company trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “John Williamson”
John Williamson, Chief Executive Officer

For further information, please contact:
Jim Greig
Email: [email protected]
Telephone: +1 604 260 6977

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain “forward-looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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AUXICO ANNOUNCES DELAY IN FILING OF ANNUAL CONSOLIDATED FINANCIAL STATEMENTS

AUXICO ANNOUNCES DELAY IN FILING OF ANNUAL CONSOLIDATED FINANCIAL STATEMENTS
Canada NewsWire
MONTREAL, Jan. 28, 2022

MONTREAL, Jan. 28, 2022 /CNW Telbec/ – Auxico Resources Canada Inc. (CSE: AUAG) announces that its annual consolidated financial st…

AUXICO ANNOUNCES DELAY IN FILING OF ANNUAL CONSOLIDATED FINANCIAL STATEMENTS

Canada NewsWire

MONTREAL, Jan. 28, 2022 /CNW Telbec/ – Auxico Resources Canada Inc. (CSE: AUAG) announces that its annual consolidated financial statements for the year ended September 30, 2021, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings“) will not be filed by the required filing deadline of January 28, 2022 (the “Filing Deadline“).

The Annual Financial Filings will not be filed on or before the Filing Deadline due to the fact that there have been delays in receiving certain confirmations of the Company’s assets in Latin America. These delays are due primarily to the impacts of the COVID pandemic locally. The Company’s auditors, Guimond Lavallée, will not be able to complete their audit until such confirmations are received and to their satisfaction.

The Company is working on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings on of before February 28, 2022. The Company will provide updates as further information relating to the Annual Financial Filings becomes available.

The Company has applied to the applicable securities regulatory authorities and received a management cease trade order (“MCTO“) imposed against the Chief Executive Officer, the Chief Financial Officer and the directors of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed and requires that the Annual Financial Filings be filed on or before February 28, 2022.

Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly default status reports in accordance with National Policy 12-203 – Management Cease Trade Orders.  The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal.  Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia, Brazil, Mexico, Bolivia and the Democratic Republic of the Congo.

Additional information on Auxico can be found on the Company’s website (www.auxicoresources.com) or on SEDAR (www.sedar.com) under “Auxico Resources Canada Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

« signed »

« signed »

Pierre Gauthier

Mark Billings

CEO, Auxico Resources Canada Inc.

President, Auxico Resources Canada Inc.

[email protected]

[email protected]

Cell: +1 514 299 0881

Cell: +1 514 296 1641

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

SOURCE Auxico Resources Canada Inc.






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Marathon Gold Announces Vertical Amalgamation With Its Wholly Owned Subsidiary

TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it has…

TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it has completed a vertical amalgamation with its wholly-owned subsidiary, Mountain Lake Resources Inc., effective January 28, 2022. The amalgamation will streamline the Company’s mining exploration activities under a single corporate entity and will reduce corporate and operational expenses.

About Marathon

Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of five mineralized deposits along a 20- kilometre system. An April 2021 Feasibility Study outlined an open pit mining and conventional milling operation over a thirteen-year mine life with a 31.5% after-tax rate of return. The Project has estimated Proven Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.92 Moz (32.59 Mt at 1.83 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.22 Moz (24.07 Mt at 1.57 g/t). Additional Inferred Mineral Resources are 1.64 Moz (29.59 Mt at 1.72 g/t Au). Please see Marathon’s Amended and Restated Annual Information Form for the year ended December 31, 2020 and other filings made with Canadian securities regulatory authorities and available at www.sedar.com for further details and assumptions relating to the Valentine Gold Project.

For more information, please contact:

Matt Manson Hannes Portmann Amanda Mallough
President & CEO Tel: 416 987-0711
[email protected] gold.com 
CFO & Business Development
Tel: 416 855-8200
[email protected] gold.com 
Senior Associate, Investor Relations
Tel: 416 855-8202
[email protected] gold.com 

To find out more information on Marathon Gold Corporation and the Valentine Gold Project, please visit www.marathon-gold.com.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release, constitutes forward-looking information within the meaning of Canadian securities laws (“forward-looking statements”). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Marathon expects to occur are forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “considers”, “intends”, “targets”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. We provide forward- looking statements for the purpose of conveying information about our current expectations and plans relating to the future, and readers are cautioned that such statements may not be appropriate for other purposes. More particularly and without restriction, this news release contains forward-looking information, including statements as to management’s expectations with respect to, among other things, the matters and activities contemplated in this news release.

Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward- looking statements. In respect of the forward-looking statements concerning the interpretation of exploration results and the impact on the Project’s mineral resource estimate, the Company has provided such statements in reliance on certain assumptions it believes are reasonable at this time, including assumptions as to the continuity of mineralization between drill holes. A mineral resource that is classified as “inferred” or “indicated” has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category of mineral resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable mineral reserves.

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. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; uncertainty as to estimation of mineral resources; inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral resources); the potential for delays or changes in plans in exploration or development projects or capital expenditures, or the completion of feasibility studies due to changes in logistical, technical or other factors; the possibility that future exploration, development, construction or mining results

will not be consistent with the Company’s expectations; risks related to the ability of the current exploration program to identify and expand mineral resources; risks relating to possible variations in grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; operational mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks related to commodity and power prices, foreign exchange rate fluctuations and changes in interest rates; the uncertainty of profitability based upon the cyclical nature of the mining industry; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental or other stakeholder approvals or in the completion of development or construction activities; risks related to environmental regulation and liability, government regulation and permitting; risks relating to the Company’s ability to attract and retain skilled staff; risks relating to the timing of the receipt of regulatory and governmental approvals for continued operations and future development projects; political and regulatory risks associated with mining and exploration; risks relating to the potential impacts of the COVID-19 pandemic on the Company and the mining industry; changes in general economic conditions or conditions in the financial markets; and other risks described in Marathon’s documents filed with Canadian securities regulatory authorities, including the Amended and Restated Annual Information Form for the year ended December 31, 2020.

You can find further information with respect to these and other risks in Marathon’s Amended and Restated Annual Information Form for the year ended December 31, 2020 and other filings made with Canadian securities regulatory authorities available at www.sedar.com. Other than as specifically required by law, Marathon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results otherwise.

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