VAL-D’OR, Québec, Nov. 25, 2021 (GLOBE NEWSWIRE) —(“Pershimex” or the “Company”) (TSX Venture: PRO) is pleased to announce the start of a new drilling campaign on its Villebon Property. The Villebon project consists of 43 claims 100% owned by Pershimex and is located 40 km east of Val-d’Or (See Figure 1).
This drilling campaign of a total of 1,100 meters spread over a dozen targets will allow the Company to test the continuity of the mineralized structure containing the main existing gold veins on the property. To date, at least 8 gold mineralized veins are identified along a favorable structure of more than 1,200 m. (See Figure 2). In addition, some drillings will test the vertical extension of the mineralized system, which has never been verified at a depth of more than 150 m.
Recall that the last drilling campaign conducted by Pershimex in 2014 (formerly Khalkos Exploration) reported an intersection of 17.0 g/t Au over 7.8 m. (press release of July 9, 2014).
The main shear containing the mineralized veins is oriented in a NE-SW direction and has a locally plurimetric thickness. The veins of smoky quartz are mineralized in pyrite, sphalerite, galena and visible gold. The mineralized zone remains open in lateral extension and depth.
Following the recent success of the Courville project, the Pershimex team wants to set up the same foundations for a second project. The potential in high-grade gold areas on the surface is known and its development represents only small-scale investments. Together, this work will maintain the value of the property by keeping it active.
Courville Project, Pershing-Manitou area:
Meanwhile, regarding developments on the Courville project, Pershimex is eagerly awaiting government decisions on the approval of the Restoration Plan for the Pershing-Manitou site as well as the approval of the permit application for bulk sampling in the surface crown pillar of the former mine.
Robert Gagnon, President and Chief Executive Officer of the Company, said: “The recent update of the geological compilation and modelling work carried out by our technical team, as well as the favourable economic context for exploration, make it possible to reactivate the Villebon project and give it a prominent place in Pershimex’s portfolio. I am confident that the drilling campaign that is beginning will yield positive results and demonstrate the excellent potential of the property.”
This press release was prepared by Robert Gagnon, professional geologist and President of Pershimex, a qualified person under National Instrument 43-101.
For more Information, Please Contact:
|Robert Gagnon, President
Tél.: (819) 825-2303
|Jacques Brunelle, VP Corporate Development
Tél : (819) 856-1387
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 the information contained in this press release.
Facts stated in this press release that are not historical facts are “forward-looking statements” and readers are cautioned that such statements are not guarantees of success and that future developments and results may differ from those projected in such forward-looking statements.
Photos accompanying this announcement are available at :
Magna Terra Minerals Inc. to Present at Virtual Investor Day V – December 6 – 8 2021
TORONTO, ON / ACCESSWIRE / November 30, 2021 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSX-V:MTT) is pleased to announce that it will…
TORONTO, ON / ACCESSWIRE / November 30, 2021 /(the “Company” or “Magna Terra”) ( ) is pleased to announce that it will be presenting at Virtual Investor Day V (“VID V”) sponsored by Laurentian Bank Securities.
Mr. Lew Lawrick, President and CEO will provide an in-depth update on the Company at 4:00 PM ET, December 7, 2021.
VID V provides a unique and completely interactive experience for feature companies and participants. Feature companies will have 30 minutes to outline their investment opportunity, while stakeholders and the audience will be invited to engage via live commentary, direct Q&A with management, polls, and other interactive tools during each presentation. The register for VID V, please click the link: https://www.bigmarker.com/vid-conferences/VID-V-Feature-Company-14
About Magna Terra
is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns three district-scale, advanced gold exploration projects in the world class mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.
VID events, conferences and content are focused on the investor. We create meaningful opportunities for investors to have authentic discussions with companies from a cross section of industries and we feature keynotes from some of the industry’s best thought leaders. At VID, our goal is to help investors make informed decisions. You can find out more about VID here https://vidconferences.com/
For further information, please contact:
Joanne Jobin, Principal
IR.INC | Capital Markets Advisory & Services
Director, Business Development, VID
View source version on accesswire.com:
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) –(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“) 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,
For further information please contact:
Sean Kingsley – Director of Communications
Tel: +1 (604) 440-8474
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105915
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” 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 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 newdistrict 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
President and Chief Executive Officer
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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105898
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