Metals Update 6/8/2020

Troilus receives ECOLOGO certification

Troilus Gold Corp. is the first mineral exploration company to obtain certification for UL 2723: ECOLOGO certification program for mineral exploration companies.

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Alpha Lithium expands geophysics program at Tolillar

Based on the exceptional results of the first phase of Alpha’s high-powered vertical electrical sounding (VES) geophysics program (see press release dated July 16, 2020), Alpha Lithium Corp. has decided to expand its area of investigation and survey additional acreage in the southern portion of the Tolillar salar.

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Arizona Metals drills 43.1 m of 3.94% CuEq at Kay

All four recently completed holes at Arizona Metals Corp.’s Kay mine project in Yavapai county, Arizona, have intersected massive sulphide mineralization, including 15.2 metres of 6.7 per cent copper equivalent in hole KM-20-13 and 6.8 metres of 7.3 grams per tonne gold equivalent in hole KM-20-10C.

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Frontier Lithium closes $2.01-million private placement

Frontier Lithium Inc. has closed a non-brokered private placement offering for a total of 10,077,000 units of the company priced at 20 cents per unit for total gross proceeds of $2,015,400. Each unit consists of one common share of the company and one-half share purchase warrant for a total of 5,038,500 warrants priced at 27 cents for a period of 24 months following the closing date of the issuance. The private placement was oversubscribed from the initial offering by $765,400, issuing an additional 3,827,000 common shares of the company.

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Frontier Lithium 10,077,000-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on June 23, 2020, and further amended on July 22, 2020.

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Arizona Metals to begin trading on OTCQB Aug. 6

Arizona Metals Corp. will begin trading on Aug. 6 on the U.S. Over-the-Counter market under the ticker AZMCF, in addition to Arizona Metals’ primary stock exchange listing on the TSX Venture Exchange.

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Moneta Porcupine drills 11.48m of 1.83 g/t Au at Golden

Moneta Porcupine Mines Inc. has released the results from five drill holes testing the western and eastern extensions of the 55 deposit from the current drill program. The 55 deposit forms part of the current National Instrument 43-101 mineral resource estimate, and the drill holes are part of the 2019/2020 winter drill program completed on the company’s Golden Highway project, 110 kilometres east of Timmins, Ont.

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Altus Strategies drills 6 m of 6.2 g/t Au at Tabakorole

Altus Strategies PLC has released high-grade air core (AC) drilling results that extend by 600 metres the strike length of the FT prospect at the company’s Tabakorole gold project in southern Mali. The drill program was completed under the joint venture (JV) between Graphex Mining Ltd. and Altus.

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Golden Minerals loses $2.32-million (U.S.) in Q2 2020

Golden Minerals Company has released its financial results and a business summary for the quarter ended June 30, 2020.

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GoviEX Uranium closes $5M first tranche of financing

GoviEX Uranium Inc. has closed the first tranche of a fully subscribed non-brokered private placement offering of up to 35,714,286 units at a price of 14 cents per unit for gross proceeds of approximately $5-million.

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Excellon Resources stakes 2,500 acres at Oakley

Excellon Resources Inc. has provided an update on the Oakley project in Idaho, on which the company has granted Centerra (U.S.) Inc. an option to earn up a 70-per-cent interest by, among other things, spending up to $7-million (U.S.) in exploration expenditures on the project prior to May, 2026.

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Steppe Gold completes $15M investment from Sprott

The previously announced $15-million investment in Steppe Gold Ltd. by Eric Sprott has been completed.

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