Market Update 22/7/2020

Gold Terra plans 10,000-metre drilling at Yellowknife

Gold Terra Resource Corp. plans to start a fully financed 10,000-metre drilling program in mid-August, 2020, testing high-grade gold targets at its wholly owned Yellowknife City gold (YCG) project in the Northwest Territories.

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https://goldterracorp.com/

Revival Gold increases offering to $13-million

Due to strong demand, Revival Gold Inc. has increased the size of its previously announced public offering to 11.9 million units at a price of $1.10 per unit for aggregate gross proceeds of approximately $13-million. The offering was led by BMO Capital Markets as sole underwriter. Each unit consists of one common share of Revival Gold and one-half of one common share purchase warrant of Revival Gold. Each full warrant will entitle the holder thereof to purchase one common share of the company at a price of $1.60 per common share, for a period of 18 months following the closing date. The company has granted the underwriter an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The underwriter can elect to exercise the overallotment option for units only, common shares only, warrants only or any combination thereof. The offering is expected to close on or about Aug. 6, 2020, and is subject to Revival Gold receiving all necessary regulatory approvals.

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http://www.revival-gold.com/

Eclipse Gold completes IP survey at Hercules

Eclipse Gold Mining Corp. has completed an induced polarization (IP) survey at the Hercules gold project located in Lyon county, Nevada.

A review of the data collected to date showed a good correlation between zones of silicification in outcrop and drilling and resistive features in the recently collected geophysical data. Gold mineralization at the Hercules Gold Project is commonly associated with intensely silicified zones. As such, resistivity is considered a good proxy for delineating targets of potential gold mineralization associated with silicification.

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https://eclipsegoldmining.com/

Cartier Resources arranges $5-million private placement

Cartier Resources Inc. has entered into an agreement with Paradigm Capital Inc. in connection with a best efforts private placement of up to 11,628,000 common shares of the company, which will qualify as flow-through shares (within the meaning of Subsection 66 (15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec)), to be issued at 43 cents per FT share for aggregate gross proceeds of up to $5,000,040.

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http://www.ressourcescartier.com/

Globex Mining sells 4,960 ha in Que. to Troilus

Globex Mining Enterprises Inc. has sold 91 claims, totalling 4,960 hectares, comprising the Rosario, Lac Testard Ouest, Pyrox, Lac De Maures Est, Claudette Zone, Boulder Lake, Boulder Gold and Lac Chix properties located approximately 80 kilometres (km) north of Chibougamau, Que., to Troilus Gold Corp. The claims cover a number of copper and gold showings, geophysical anomalies and structures and horizons worthy of more detailed work.

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http://www.globexmining.com/

Steppe Gold begins drilling at ATO, Uudam Khundii

Steppe Gold Ltd. has provided an update on the commencement of exploration drilling and trenching programs at the ATO gold mine and Uudam Khundii (UK) gold project.

Three diamond core drilling rigs have commenced operations at the ATO Gold Mine. Recent drilling has been focused on high grade depth extensions under the ATO1 Deposit which is currently being mined by Steppe Gold. All three rigs are now located at the Mungu Discovery where drilling is underway with the aim of delivering an initial resource calculation. ATO GOLD MINE / Mungu discovery siteTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6562/60195_a965b8d24468ebc8_001full.jpgMungu Discovery Drilling SiteTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6562/60195_a965b8d24468ebc8_002full.jpgMungu Discovery Drilling SiteTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6562/60195_a965b8d24468ebc8_003full.jpgUUDAM KHUNDII GOLD PROJECTThe Uudam Khundii Gold Project is comprised of one exploration license covering 14,400 hectares in Bayankhongor province, Mongolia. The land package represents one of the largest exploration licenses in the Bayankhongor Gold Belt. The license is in a highly prospective location between and adjoining the Bayan Khundii gold deposit and Altan Nar gold deposit owned by Erdene Resource Development Corporation.Map 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6562/60195_a965b8d24468ebc8_004full.jpg

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http://steppegold.com/

Golden Minerals arranges $6.5-million private placement

Golden Minerals Company has entered into an underwriting agreement with H.C. Wainwright & Co. under which the underwriter has agreed to purchase on a firm commitment basis 15,476,191 shares of common stock of the company, at a price to the public of 42 cents per share, less customary underwriting discounts and commissions. The closing of the offering is expected to occur on or about July 23, 2020, subject to satisfaction of customary closing conditions.

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http://www.goldenminerals.com/

Golden Minerals increases bought deal offering to $7.5M

Due to demand, Golden Minerals Company’s underwriter has agreed to increase the size of Golden Minerals’ previously announced offering and purchase on a firm commitment basis 17,857,143 shares of common stock of the company, at a price to the public of 42 cents per share, less customary underwriting discounts and commissions. The closing of the offering is expected to occur on or about July 23, 2020, subject to satisfaction of customary closing conditions.

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http://www.goldenminerals.com/

Eastern Platinum agrees to FS for Crocodile PGM plant

Eastern Platinum Ltd.’s subsidiary, Barplats Mines Pty. Ltd., has entered into a project framework agreement with Advanced Beneficiation Technologies Pty. Ltd. of South Africa (ABT), an organization fully compliant as a black economic empowerment entrepreneur and a member of the Omang Group of companies, to complete an independent feasibility study for the development and construction of a new modular plant with a capacity to process the platinum group metals (PGMs) of the tailings redeposited at a designated area of the Zandfontein tailings dam situated at the Crocodile River mine in South Africa at a rate of between 20,000 and 50,000 tons per month (the final rate is dependent on the optimal outcome of the feasibility study).

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http://www.eastplats.com/

Altus estimates Diba at $81M (U.S.) NPV after tax

Altus Strategies PLC has provided positive results from a preliminary economic assessment for its 100-per-cent-owned Diba gold project in western Mali.

Highlights:Positive PEA for an open-pit oxide gold mine with strong cashflow and rapid paybackProject economics applying a 10% discount rate and US$1,500/oz gold price:Pre-tax NPV of US$115 million, IRR of 728% and payback of 6.2 monthsAfter-tax NPV of US$81 million, IRR of 469% and payback of 6.9 monthsProject economics applying a 5% discount rate and US$1,800/oz gold price:Pre-tax NPV of US$167 millionAfter-tax NPV of US$118 millionAverage production of 52,000oz per year with 3.25 year mine life and low strip ratio of 1:1.37Significant growth potential for Diba project:Seven further significant oxide gold targets to be systemically drill testedMetallurgical study to test potential for sulphide ores to be processed via CILDiba is contiguous with the Sadiola mining permit at the heart of a world renowned belt

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http://www.altus-strategies.com/

Frontier increases private placement to $2M

Frontier Lithium Inc. has received strong interest above the previously announced $1.25-million and accordingly intends to increase the amount to be raised under its non-brokered private placement offering to $2,005,400; therefore the company now proposes to issue 10,027,000 units at a price of 20 cents each subject to TSX Venture Exchange approval. All other terms of the offering remain as set out in the company’s June 23, 2020, news release.

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http://www.frontierlithium.com/

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