Metals Update 20/8/2020

Prime Mining trenches 42 m of 1.93 g/t Au at Los Reyes

Prime Mining Corp. has released results from the company’s continuing surface sampling exploration program on the Los Reyes project, which continues to show outcropping surface mineralization consistent with the subsurface historic drilling results, this time from Noche Buena.

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Roscan Gold adds 5th drill rig for exploration

Roscan Gold Corp. is closely monitoring the political situation in Mali as it unfolds. The company’s top priority is the health and safety of its employees, their families and the local communities near where it works in West Mali. Additionally, the company has added a fifth drill rig to its exploration program.

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Canada Silver expects $3.5M in 2nd tranche of financing

Further to its press release dated Aug. 14, 2020, whereby the company raised $3,193,730 in the first tranche private placement closing, Canada Silver Cobalt Works Inc. will be raising an additional $3.5-million in the second and final tranche of its non-brokered private placement financing.

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Blue Lagoon’s Dome drill program half complete

Blue Lagoon Resources Inc. has provided the following update on its Dome Mountain gold project, an all-year accessible property located 50-minute drive from Smithers, B.C.

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OTC Markets Group Welcomes Eloro Resources Ltd. to OTCQX

NEW YORK, Aug. 20, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Eloro Resources Ltd. (TSX-V: ELO;  OTCQX: ELRRF), an exploration and mine development company, has qualified to trade on the OTCQX® Best Market. Eloro Resources Ltd. upgraded to OTCQX from the Pink® market.

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Nighthawk drills 33.25 m of 3.89 g/t Au at Colomac

Nighthawk Gold Corp. has released assay results for two drill holes (1,533 metres) completed on zones 1.5 and 3.5 of the Colomac Main sill, part of the Colomac gold project, centrally located within its Indin Lake gold property, Northwest Territories, Canada.

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Generation test work shows 93% Cu recovery for Marathon

Generation Mining Ltd. has provided an update to its work program on the Marathon palladium project in Northwestern Ontario. The Company has successfully completed bench-scale metallurgical test work, resulting in a favourable and significant increase to projected Platinum Group Metals (“PGM”) and Copper (“Cu”) recovery. Expected increases in metal recovery will be included in the feasibility study work.

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Eloro Resources qualifies to trade on OTCQX Best

Eloro Resources Ltd. has qualified to trade on the OTCQX Best Market. Eloro upgraded to OTCQX from the Pinktrademark market.

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Klondike Gold Drilling to Resume at Lone Star Zone

VANCOUVER, BC / ACCESSWIRE / August 20, 2020 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) (“Klondike Gold” or the “Company”) is pleased to announce the planned commencement of a 27-hole Phase 4 drilling program targeting the Lone Star Zone on the Company’s wholly owned 586 square kilometer Klondike District Property, Yukon Territory.

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Altus Strategies appoints Bates general counsel

Altus Strategies PLC has appointed Sandra Bates as the company’s general counsel.

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Entrée Resources Announces Non-Brokered Private Placement

VANCOUVER, BC, Aug. 20, 2020 /CNW/ – Entrée Resources Ltd. (TSX: ETG; OTCQB: ERLFF – the “Company” or “Entrée“) is pleased to announce a non-brokered private placement of up to 10,000,000 units of the Company (“Units“) at a price of C$0.43 per Unit for gross proceeds of up to C$4,300,000 (the “Private Placement“).

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Dynacor Appoints PX Group CEO, Philippe Chave to Board of Directors

MONTREAL, Aug. 20, 2020 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the “Corporation”), an international leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM), is pleased to announce the appointment of Philippe Chave, CEO of PX Group SA to its Board of Directors effective immediately.

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American Creek Begins High-Resolution Magnetic and Lidar Surveys at Past Producing Dunwell Mine Property in Golden Triangle of BC

Cardston, Alberta–(Newsfile Corp. – August 20, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to report that it has commenced a high-resolution magnetic survey in combination with a LIDAR survey at the company’s 100% owned Dunwell Mine gold and silver property located in the Golden Triangle of British Columbia.

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Mineral Mountain arranges $750,000 private placement

MINERAL MOUNTAIN ANNOUNCES C$750,000 NON-BROKERED PRIVATE PLACEMENT AND CLOSES FIRST TRANCHE

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Four Infill Holes Further Extend Higher-Grade Core at the Crawford Nickel-Cobalt Sulphide Project

  • All four holes intersected higher grade core lengths of 130 to 175 metres of 0.35% nickel. 
    Higher grade mineralization of 0.35% nickel or better now intersected across a strike length of 600 metres in westernmost portion of Main Zone and remains open in multiple directions.
  • Three of four holes were mineralized over entire core lengths of 366 to 375 metres with 0.30% nickel or better, including core lengths of 24 to 72 metres of 0.4% nickel
  • All four infill holes in this release were continuously mineralized from the beginning to the end of the holes within the steeply dipping higher-grade core which varies in true thickness from 40 m to 160 m
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Atico Intercepts 12.46 g/t Au, 137g/t Ag, 9.02% Cu, and 12% Zn Over 5.64 Meters and Extends High Grade Zones Beyond Known Mineralization at LaPlata Project in Ecuador

VANCOUVER, British Columbia, Aug. 20, 2020 (GLOBE NEWSWIRE) — Atico Mining Corporation (TSX.V: ATY | OTC: ATCMF) (“Atico” or the “Company”) is pleased to announce results of the latest five holes from its drill program at the La Plata precious metals-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. These five holes are still part of the ongoing campaign targeting the south block to test for possible continuity as well as mineralisation outside of the known envelope.

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