Metals Update 31/8/2020

Los Andes to face public consultation for Vizcachitas

Los Andes Copper Ltd. has been informed that the Court of Appeals of Valparaiso — the region where the company’s Vizcachitas project is located — has granted a motion against the Servicio de Evaluacion Ambiental (environmental evaluation service, SEA), in which the court instructs the SEA to conduct a public consultation process before finalizing the evaluation process of the environmental permit, which was announced on April 27, 2020, for the coming drilling in the project.

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Southern Silver arranges $456,000 private placement

Southern Silver Exploration Corp. plans to issue up to 1.2 million units in a non-brokered private placement at a price of 38 cents per unit to raise $456,000. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of 50 cents per share. Net proceeds from the private placement will be used for working capital.

Kincora Copper 53,291,940-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 4, 2020.

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Troilus Gold files Troilus technical report

Troilus Gold Corp. has filed a technical report for its 100-per-cent-owned Troilus property located 170 kilometres by road north of Chibougamau, in northwestern Quebec, Canada. The technical report, dated Aug. 27, 2020, effective July 20, 2020, supports the scientific and technical disclosure in the updated mineral resource estimates (see news release dated July 28, 2020).

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Golden Predator Updates Brewery Creek Mineral Resource Estimate; Announces 2020 Drill Program

VANCOUVER, BC / ACCESSWIRE / August 31, 2020 / Golden Predator Mining Corp. (TSX.V:GPY)(OTCQX:NTGSF) (the “Company“) today released the results of a NI 43-101-compliant Mineral Resource Estimate for its licensed 100%-owned Brewery Creek mine project ‎located approximately 55 km by road from Dawson City, Yukon(1). A supporting NI 43-101 Technical Report will be filed on SEDAR at within 45 ‎days of this release.‎

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Auryn Resources arranges $22.5M private placement

Auryn Resources Inc. has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and Beacon Securities Ltd. in connection with a bought deal private placement financing of an aggregate of 7.5 million subscription receipts of the company to raise gross proceeds of $22.5-million.

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Nighthawk adds to Colomac, Indin Lake exploration plans

Nighthawk Gold Corp.’s board of directors of the company has approved plans to increase the 2021 exploration program on the Colomac gold project as well as on some of its high-priority regional targets within its 100-per-cent-owned Indin Lake gold property, Northwest Territories, Canada.

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Radisson Mining completes New Alger acquisition

Radisson Mining Resources Inc. has closed the previously announced New Alger project acquisition from Renforth Resources Inc. The New Alger acquisition is part of a long-term strategic relationship between the two companies that will include an investment by Radisson into Renforth, resulting in Radisson owning 9.6% interest in Renforth, while Renforth will own 5.7% interest in Radisson. The Renforth financing is expected to close within the coming month. The relationship aims to leverage regional synergies and unlock significant value for shareholders of both companies from one of the most prospective mining camps in the world.

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Moneta Porcupine’s Peres resigns as president, CFO

Ian C. Peres has resigned as president and chief financial officer of Moneta Porcupine Mines Inc. Mr. Peres will remain as a director and will support the transition to the successor chief financial officer.

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Auryn and Eastmain Announce a C$22.5 Million Equity Financing

Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) and Eastmain Resources Inc. (TSX: ER) (“Eastmain”) are pleased to jointly announce that Auryn has entered into an agreement with a syndicate of underwriters co-led by Canaccord Genuity Corp. and Beacon Securities Limited in connection with a bought deal private placement financing (the “Bought DealOffering“) of an aggregate of 7,500,000 subscription receipts of the Company (the “Subscription Receipts“) to raise gross proceeds of C$22,500,000.

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