Metals Update 8/9/2020

Freeman Gold acquires back-in right over Lemhi

Freeman Gold Corp. has acquired and extinguished a back-in right from Yamana Gold Inc. over Freeman’s Lemhi project in consideration of the issuance to Yamana of 4,035,273 common shares of Freeman, representing 5 per cent of Freeman’s issued and outstanding shares.

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Dolly Varden adds second drill rig at Dolly Varden

Dolly Varden Silver Corp. is providing an update to the continuing drilling program targeting high-grade silver mineralization at its flagship Dolly Varden property, located in northwestern British Columbia.

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GR Silver Mining to hold AGM on Sept. 11

GR Silver Mining Ltd. will hold its annual general meeting of shareholders of the company on Sept. 11, 2020, at 10 a.m. PST. Electronic copies of all materials related to the Meeting can be found on the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”).

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Black Iron begins bid process for Shymanivske

Black Iron Inc. has received a substantial increase in interest from groups looking for iron ore offtake, given the sharp increase in iron ore prices and China’s efforts to diversify away from its strong reliance on Australian iron ore. This includes interest from parties already well advanced in their due diligence such as Glencore and several new steel mills that have been in recent contact with the Company.

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Excellon applies to list shares on NYSE American

Excellon Resources Inc. has applied to list its issued and outstanding common shares on the NYSE American.

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Fenixoro receives environmental OK re Abriaqui drilling

Fenixoro Gold Corp. has received environmental authorization required to begin its maiden drilling program at the Abriaqui project in Antioquia, Colombia.

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Tristar to restart drilling at Castelo de Sonhos

Tristar Gold Inc. has provided a corporate update for planned activities, principally focused on restarting drilling at the Castelo de Sonhos gold project in the next few weeks. Additionally, TriStar will be presenting at two upcoming conferences: The Virtual Metals Investor Forum and the Precious Metals Summit Beaver Creek – VIRTUAL.

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Power Metals to receive financing from Chinese outfit

Power Metals Corp. has entered into a letter of intent with Sinomine Resource Group Co. Ltd. of Beijing, China, whereby Sinomine will partner with Power Metals to further the exploration and development of Power Metals’ mineral property interests in Canada. Sinomine is principally interested in Power’s Case Lake, Paterson Lake and Gullwing-Tot Lakes properties, which are prospective for cesium, lithium and tantalum elements.

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Auryn begins mailing info circular for Oct. 5 meeting

Auryn Resources Inc. has filed and commenced mailing of its management information circular, proxy form and related materials for the annual and special meeting of Auryn securityholders to be held on Oct. 5, 2020. The Meeting is being convened to approve the proposed transactions (the “Transactions”) to spin out its Peruvian mineral projects to Auryn shareholders via two new companies (the “SpinCos”) and then acquire 100% of TSX-listed Eastmain Resources Inc (“Eastmain”).

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Gold Terra to acquire 60% of claims adjacent to Con

Gold Terra Resource Corp. has entered into an exploration agreement with a venture option with Newmont Ventures Ltd. and Miramar Northern Mining Ltd. on certain mineral leases and mineral claims adjacent to the former Con mine. The Agreement contains two phases of potential earn-in.

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Brixton Metals agreement for Trapper property

The TSX Venture Exchange has accepted for filing documentation a purchase agreement dated Aug. 26, 2020, between Brixton Metals Corp. and Kodiak Copper Corp. Pursuant to the agreement, Brixton will purchase and acquire a 100-per-cent interest in the Trapper property located in the Golden Triangle of Northern British Columbia.

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