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Wolfden Update on Pickett Mt. Rezoning

THUNDER BAY, ON / ACCESSWIRE / October 7, 2021 / Wolfden Resources Corporation (TSXV:WLF) ("Wolfden" or the "Company") has been informed by the staff of…

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THUNDER BAY, ON / ACCESSWIRE / October 7, 2021 / Wolfden Resources Corporation (TSXV:WLF) (“Wolfden or the Company“) has been informed by the staff of the Maine Land Use Planning Commission, that it will be recommending to the nine Commissioners to decline the approval of its current updated application to rezone a 646 acre portion of its 7,145 acre Pickett Mt. Project in Northern Maine, to allow for the development of an underground mining and processing operation. A memorandum from the staff, explaining the reasons behind this recommendation is expected to be released today and posted on the LUPC website for the Pickett Mt Petition. The Company has not been given the opportunity to see this information and the decision by the Commission is pending a future meeting of the Commission that is expect October 13, 2021.

“We are obviously disappointed with this set back as the proposed project with its state of the art designs and study work, in our opinion, have the potential to meet the requirements of the 2017 Maine Mining Code (Chapter 200 -managed by the Department of Environmental Protection) and would represent one of the greenest mine designs in the world, generate 303 jobs per year and generate over $697M in economic output,” stated Ron Little, President and CEO for Wolfden. “We will review the memorandum of the LUPC and decide how best to proceed with the permitting process for this economically attractive project that has drawn significant support from the local communities of Patten and Mt. Chase in the county of Penobscot including written letters of support from their officials.”

About Wolfden

Wolfden is an exploration and development company focused on high-margin metallic mineral deposits including base, precious and strategic metals in North America. Its wholly owned Pickett Mountain Project is one of the highest-grade polymetallic projects in North America (Zn, Pb, Cu, Ag, Au) as detailed in a Preliminary Economic Assessment date September 14, 2020. In addition, the company is expanding its advance stage nickel sulphide projects in Manitoba (Rice Island and Nickel Island) where NI43-101 compliant reports are being completed, and silver projects in New Brunswick.

For further information please contact Ron Little, President & CEO, at (807) 624-1136 or Rahim Lakha, Corporate Development at (416) 414-9954.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, metal price assumptions, cash flow forecasts, projected capital and operating costs, metal or mineral recoveries, mine life and production rates, and other assumptions used in Preliminary Economic Assessment dated September 14, 2020, information about future activities at the Pickett Mountain Project that include plans to complete additional drilling and pre-permitting (rezoning petition), the results of the Preliminary Economic Assessment dated September 14, 2020, the potential upside of the Pickett Mt. Project, and the timing and completion of drill programs in Maine, Manitoba and New Brunswick and the respective drill results, and the timing of a resource update for Pickett Mt. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties: (i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties; (iv) risks relating to the estimation of mineral resources; (v) stock market volatility and capital market fluctuations; and (vi) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada at The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.

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.

SOURCE: Wolfden Resources Corporation

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Ameriwest Lithium Railroad Valley Geophysics Results in Staking of Additional Claims

VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF)…

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VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and development company, is pleased to announce that based on positive preliminary results from a recent geophysical survey, the Company has elected to stake 150 additional placer claims on its Railroad Valley property in Nye County, Nevada.

On August 31, 2021, Ameriwest announced the initiation of a deep target geophysical study designed to determine the presence and depth of conductive and potentially lithium brine-bearing strata. The survey program was undertaken in Q3 2021 by Zonge International Inc. ( and consisted of a Magnetotelluric (MT) survey. Data was collected along two lines oriented at N90˚E for a total of 12.0-line kilometers. Electric field measurements were made continuously along the lines. Magnetic field measurements were recorded approximately every 1600 meters along each profile. From these measurements a total of 60 magnetotelluric soundings were obtained. See figure 1.

A photo accompanying this announcement is available at

As noted in Ameriwest’s news release of April 19, 2021, the Company originally staked 312 unpatented placer claims, totalling 6,240 acres at the Railroad Lithium Property located 100 miles northeast of Tonopah. Upon receipt and analysis of the geophysics data whereby sharp resistivity boundaries in the subsurface are represented as resistivity gradient zones, Ameriwest noted increased resistivity open to the eastern portion of the study. (See Figure 2). Therefore, the Company elected to acquire an additional 150 placer claims on the eastern portion of the existing claim block. The additional claims now increase the Railroad Property from 312 to 462 placer claims and increase the property size from 6,240 to 9,097 acres in total.

A photo accompanying this announcement is available at

Railroad Valley was originally identified by the US Geological Survey (USGS) as having potential to host lithium bearing brines in its subterranean aquifers beneath the valley floor. The Valley fits the current geological model and understanding of lithium brine deposit occurrences, (as defined by USGS Open File 2013-1006), and is considered analogous to the highly productive Clayton Valley. While Railroad Valley offers certain geological similarities to Clayton Valley, it differs in that it represents a new and virtually unexplored target, with only a handful of companies present, unlike Clayton Valley’s numerous leases and complex water issues. Based on seismic surveys, the Valley is about three times the size of Clayton Valley.

David Watkinson, Ameriwest’s President & CEO, notes, “The results from our geophysics study were extremely compelling. So much so, that we felt that procuring additional leases was of paramount importance. As noted previously, this is one of Nevada’s largest trapped drainage basins and has geologic potential to host large lithium brine deposits. Given its comparative attributes to Clayton Valley and its potentially much greater size, the initial results from our study are a very optimistic first step for Ameriwest’s lithium exploration in the southern portion of the Railroad Valley basin.”

Greg Bell, P.E. (Arizona), a qualified person under the NI 43-101 instrument, has reviewed and approved the technical content of this release.

Ameriwest invites interested stakeholders and shareholders alike to contact our investor relations team or visit our website and sign-up for regular news alerts which will help provide timely updates of ongoing activities. Company management believes strongly in regular communications, updates, and reports from the field as an important aspect of developing informative and useful engagement as the Company continues to help explore and develop the exciting and rapidly evolving lithium sector.

On Behalf of the Board of Directors,

David Watkinson
President and Chief Executive Officer

For further information, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
[email protected]

About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)

Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring Nevada’s Deer Musk East property, located in the prolific Clayton Valley, totalling 5,600 acres, the Railroad Valley property, totalling 9,097 acres, the Edwards Creek Valley totalling 16,940 acres and Arizona’s Thompson Valley totalling 2,859 acres. Additionally, Ameriwest’s current resource portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam property, located in the Clinton Mining Division of British Columbia, in which Ameriwest has a 45% interest.

For more information visit:

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.


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79 Resources Ltd. Announces Financings

VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / 79 Resources Ltd. (CSE:SNR) ("79 Resources " or the "Company") announces that it intends to conduct non-brokered…

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VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / 79 Resources Ltd. (CSE:SNR) (“79 Resources ” or the “Company”) announces that it intends to conduct non-brokered private placement financings of flow-through and non flow-through units (collectively, the “Private Placements”) for combined aggregate gross proceeds of up to $1.25 million.

The Company intends to issue up to 6,000,000 flow-through units (“FT Units”) at a price of $0.125 per FT Unit, for gross proceeds of up to $750,000. Each FT Unit will consist of one (1) flow-through common share and one-half of one transferable common share purchase warrant, each full warrant being exercisable for an additional common share of the Company at a price of $.20 for 24 months from the date of issuance. The flow-through shares will entitle the holder to receive the tax benefits generally applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

The Company also announces that it intends to issue up to 5,000,000 non flow-through units (“Units”) at a price of $0.10 per Unit for aggregate gross proceeds of up to $500,000. Each Unit will consist of one common share and one transferable common share purchase warrant, each warrant being exercisable for an additional common share of the Company at a price of $0.20 for 24 months form the date of issuance.

Proceeds raised from the Private Placements will, as applicable, be used to advance the Company’s exploration projects, including its recently acquired Five Point Property (a district-scale exploration opportunity covering nearly 120,000 hectares in central British Columbia that is located contiguous to Sun Summit Minerals Corp.‘s Buck Project), and for general working capital.

Finders’ fees may be payable on the Private Placements, subject to compliance with the policies of the CSE and applicable securities legislation.

Among other prospectus exemptions, the Company intends to rely on the “investment dealer” prospectus exemption with respect to the Private Placements. As such, the Company confirms that there are no material facts or changes about 79 Resources that have not been generally disclosed.

About 79 Resources Ltd.

79 Resources is a Canadian-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the company seeks to acquire, explore and develop high-potential mining assets that are situated in secure jurisdictions.


“Steven Feldman”
Steven Feldman Director

Tel. 1-604-683-3995
Toll Free. 1-888-845-4770

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

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: 79 Resources Ltd.

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Today’s News

Durango Intersects Anomalous Gold in Several Zones on the Trove Property, QC


Vancouver, BC – TheNewswire – Oct 27, 2021 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the “Company” or “Durango”)…

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Vancouver, BC – TheNewswire – Oct 27, 2021 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the “Company” or “Durango”) announces that further to the news release of August 2, 2021, the Company has found gold (“Au”) mineralization in several drill holes drilled in 2021 on its wholly owned Trove Property in Québec.


A total of 2,661 meters (“m”) were drilled in five holes targeted to find the source of high-grade gold found in till samples near 3 geophysical anomalies which were interpreted as potential structural controls for gold mineralization.  


Hole DGT21-11 intersected gold grades of 0.576 g/, 0.458 g/t and 0.117 g/t in 3 distinct 1m intervals at depths ranging from 120.5 to 225m.


Gold results from Holes DGT21-12, 13 and 14 include:


  • – Hole DGT21-12:  from 0.10 g/t over 3m to 0.37 g/t over 1m in 5 zones at varying depths between 131m to 407m;

    – Hole DGT21-13: from 0.298 g/t over 5m (incl. 0.656 g/t over 1m) and 0.45 g/t over 1m in 2 zones at depths of 145m and 367 to 372m; and

    – Hole DGT21-14: from 0.16 g/t to 0.37 g/t over 1m in 5 zones at depths from 113m to 543m.

Hole DGT21-11 was drilled along the Barry Fault which is associated with the Gladiator gold deposit owned by BonTerra Resources Inc. (TSX.V-BTR).  Gladiator has a measured and indicated resource of 391,000 ounces (“oz”) gold with an average grade of 8.61 grams per tonne (”g/t”) Au and an inferred resource of 989,000 oz gold averaging 7.37 g/t Au.  


Holes DGT21-12, 13 and 14 were all drilled along the Rouleau Fault which is one of the structures related to the Windfall Lake gold deposit owned by Osisko Mining Inc. (TSX-OSK) which contains 1.86 million oz of indicated gold and 4.24 million oz of inferred gold.


Hole DGT21-13 also encountered several other metals including silver (“Ag”), base metals and PGE’s as per the following:


Over the interval 109m to 111m:

  • – 5.65 g/t Ag over 2m, (including 8.7 g/t Ag over 1m);

    – 1.45% Zinc over 2m (including 2.47% Zn over 1m); and

    – 27.2 g/t Cadmium over 2m (including 47.7 g/t over 1m) in a deformation zone at 109m.

Over the interval 281 to 290m:

  • – 600ppm to 1770ppm Chromium;

    – 100ppm to 803ppm Nickel; and

    – Anomalous Platinum, Palladium and Ruthenium.

The PGE anomalies were found in ultramafic rocks which were not the target of the drill program so only a few samples from these rocks were initially sent for analysis. Given the results from the ultramafic rock sampled, fourteen additional samples have recently been sent for PGE analysis. Results will be reported as they become available.


The 2021 drilling program was successful in finding evidence of a gold bearing mineralization system(s) and testing 3 of 9 geophysical anomalies delineated on the previously undrilled and under explored Trove Property. Future drilling programs will test the additional six geophysical anomalies and additional locations identified by high grade gold bearing till samples. All gold results have now been received from the Phase I drilling program completed earlier this year.


Marcy Kiesman, CEO of Durango stated, “Results from the 2021 drill program speak to the discovery potential on the Trove Property as the crosscutting fault systems appear to correlate with both the Trove gold & PGE anomalies and with neighbouring known gold deposits. We are pleased that Durango was able to test 3 geophysical anomalies in 5 drill holes on the Trove Property despite having limited access due to poor weather and road conditions.”

George Yordanov, P. Geo stated, “Most of the Trove Property drillholes intersected alternating packages of amphibolite, metasediments, and felsic and mafic tuffs. A gabbro unit was intersected at the bottom of holes 10 and 14. Interbedded units were also crosscut by porphyritic syenite dikes in holes 12 and 14. The geological setting encountered at these relatively shallow depths are favourable and warrant further deep drilling investigation.”


The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101.


About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Québec, Canada.


For further information on Durango, please refer to its SEDAR profile at


Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]



Forward-Looking Statements

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.


Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of minerals, the ability to achieve its goals, the COVID-19 pandemic, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.


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.


Copyright (c) 2021 TheNewswire – All rights reserved.

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