Metals Update 31/7/2020

Klondike Gold drills 5 m of 5.82 g/t Au at Lone Star

Klondike Gold Corp. has released the results of phase 1 diamond drilling at the Lone Star zone (described in news releases dated June 1, 2020, and July 7, 2020) on the company’s wholly-owned 586-square-kilometre Klondike District property, Yukon. Phase 1 drilling tested for consistency in grade of gold mineralization and was designed to constrain the geometry and boundaries of gold mineralization. Information obtained from results will be used to prioritize next phases of drilling scheduled to commence in August.

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Bonterra Res increases Moroy bulk sample to 10,000 t

Bonterra Resources Inc. has made an increase of 5,000 tonnes to its now-10,000-tonne bulk sample currently under way at the Moroy project.

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Erdene talks $20-million private placement

Erdene Resource Development Corp. has provided an update on its previously announced non-brokered private placement of approximately $20-million.

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Anaconda shareholders elect five directors at ASM

Anaconda Mining Inc. duly passed all resolutions proposed to shareholders at the annual and special meeting held today.

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Black Iron accelerates warrant expiry to Aug. 31

Black Iron Inc. has elected to accelerate the expiry date of the common share purchase warrants dated March 29, 2019, and April 5, 2019.

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Los Andes appoints Melero sustainability director

Jose Tomas Letelier is retiring as director of corporate affairs and sustainability of Los Andes Copper Ltd., in order to devote more time to personal and family affairs. Mr. Letelier has been an invaluable part of the advancement of Vizcachitas. He will remain as a senior adviser to the board, assisting the company in government and international affairs.

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Nighthawk Gold increases financing to $12-million

Due to the high level of interest, Nighthawk Gold Corp. has increased the size of its non-brokered private placement to raise aggregate proceeds of $12.0-million. The Offering now consists of: (i) up to 640,130 units ("Units") comprised of one non flow-through common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant") to be issued on a non flow-through basis; (ii) up to 2,025,050 flow-through units ("Premium FT Units") comprised of one flow-through common share and one-half of one Warrant to be issued on a non-flow-through basis; and (iii) up to 3,206,400 "flow-through" common shares ("FT Shares"). The other terms of the Offering remain unchanged from the Company’s news release dated July 29, 2020.

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