Metals Update 2/9/2020

Cerro de Pasco to extend mine acquisition closing date

CDPR has agreed to extend the acquisition agreement of the Cerro de Pasco Mine, described below, with Volcan Compania Minera S.A.A. (BVL: VOLCABC1) and its subsidiaries (collectively, “Volcan”) until October 30, 2020. The Company’s management continues to advance towards a successful closing and has extended the agreement date to enable the amendment of certain key terms to the benefit of both parties in the Transaction. The closing of the Transaction is expected to occur on or before October 30, 2020 subject to standard closing conditions and procedures being met.

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HPQ-Silicon closes $2.7-million private placement

HPQ-Silicon Resources Inc. is closing a non-brokered private placement of 4.5 million units at 60 cents per unit for gross proceeds of $2.7-million with the two following placees:

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Gold Terra starts trading on OTCQX

Gold Terra Resource Corp. has qualified to trade on the OTCQX Best Market. Gold Terra upgraded to OTCQX from the OTCQB Venture Market.

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Omineca receives Wingdam drill permits from B.C. gov’t

Omineca Mining and Metals Ltd. has received permits from the government of British Columbia for the first 27 diamond drill holes, totalling approximately 8,000 metres, at its Wingdam gold exploration project in the Cariboo mining district of south-central British Columbia. A drill is on site and final preparations are under way to commence the maiden drill program.

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Santacruz Silver loses $636,000 (U.S.) in Q2

Santacruz Silver Mining Ltd. has released the operating and financial results for the Zimapan mine in Zimapan Hidalgo, Mexico, and the Rosario project in San Luis Potosi, Mexico, for the second quarter of 2020. The full version of the financial statements and accompanying management’s discussion and analysis can be viewed on the Company’s website at http://www.santacruzsilver.com or on SEDAR at http://www.sedar.com. All amounts are in thousands of US dollars unless otherwise indicated.

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Eclipse Gold begins phase II drilling at Hercules

Eclipse Gold Mining Corp. has commenced phase II drilling at its Hercules gold project in Nevada’s Walker Lane trend.

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Enviroleach to acquire 40% stake in Group 11

Enviroleach Technologies Inc. has signed a licence agreement and partnership with Group 11 Technologies Inc. for the refinement and application of in situ gold mining technologies incorporating Enviroleach’s water-based solution.

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Fenixoro Gold appoints Peng as CFO

Fenixoro Gold Corp. has appointed Jing Peng, CPA, to the position of chief financial officer of the company.

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Canada Silver closes $6.69M private placement

Further to its press release dated Aug. 19, 2020, Canada Silver Cobalt Works Inc. has closed its second final tranche of its non-brokered private placement financing, raising gross proceeds of $3,547,000. The Company closed the 1st tranche on August 14, 2020 raising $3,146,730. The Company is pleased to report it has raised a total of $6,693,730 in both tranches.

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Bonterra Resources hires Adelaide for IR services

Bonterra Resources Inc. has retained Adelaide Capital to provide investor relations consulting services to the company in compliance with the policies and guidelines of the TSX Venture Exchange.

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Abraplata Resource closes $18-million private placement

Abraplata Resource Corp. has closed its previously announced non-brokered private placement. In connection with the closing of the Placement, the Company issued 66,666,666 units (each, a “Unit”) at a price of $0.27 per Unit for gross proceeds of $18.0 million. Each Unit consisted of one common share in the equity of the Company (each, a “Common Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”).

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Radisson drills 2.1 metres of 45.86 g/t Au at O’Brien

Radisson Mining Resources Inc. has released significant high-grade gold intercepts from the continuing 60,000-metre exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac break, halfway between Rouyn-Noranda and Val d’Or in Quebec, Canada.

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Golden Predator Acquires 20% of Group 11 Technologies

VANCOUVER, British Columbia, Sept. 02, 2020 (GLOBE NEWSWIRE) — Golden Predator Mining Corp. (TSX-V: GPY) (OTCQB: NTGSF) (the “Company“) announced today that the Company has entered into final Agreements for a 20% ownership positions in Group 11 Technologies Inc., (“Group 11”) a United States-based private company committed to testing and implementing non-invasive in-situ recovery (ISR) of precious metals with the use of environmentally-friendly solutions.

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Erdene pegs Bayan Khundii at 521,000 oz Au M&I

Erdene Resource Development Corp. has filed on SEDAR the independent feasibility study technical report for its 100-per-cent-owned, high-grade, open-pit Bayan Khundii gold project in southwest Mongolia.

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Omineca stakes additional 12,133 hectares at Wingdam

Omineca Mining and Metals Ltd., in addition to its placer bulk sample and lode gold exploration programs, is continuing to expand its presence in the Cariboo mining district by staking an additional 12,133 hectares of mineral tenures at its Wingdam project in south-central British Columbia and also by optioning the Mouse Mountain project immediately west of Wingdam.

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