Metals Update 9/9/2020

Highgold drills 74.1 m of 17.9 g/t Au at Johnson

Highgold Mining Inc. has released assay results for the first two holes of a 15,000-metre drill program currently under way at its flagship Johnson Tract gold project in Alaska. Results are reported for drill holes that targeted the lower and northeast side of the JT Deposit. Wide intervals of high-grade mineralization were intersected in both holes (Table 1 and Figure 1). A complete list of assay sample results for the JT20-092 intersection is provided in Table 2.

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Galway Metals drills 16 m of 4.1 g/t Au at Clarence

Galway Metals Inc. has released assay results from drilling on the west side of the Richard zone at the company’s Clarence Stream project in southwestern New Brunswick, Canada.

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Fiore Gold’s Pan Mine Receives Mine Operator Safety Award from Nevada Mining Association for Fifth Consecutive Year

VANCOUVER, BC / ACCESSWIRE / September 9, 2020 / FIORE GOLD LTD. (TSXV:F)(OTCQB:FIOGF)(FSE:2FO) (“Fiore” or the “Company”) is pleased to announce that the Pan Mine has been awarded the 2020 Nevada Mining Association (“NVMA”) Mine Operator Safety Award in the small mines category (Nevada Mining Association Announces 2020 Operator Safety Awards). The Pan Mine also received this award in 2019, 2018, 2017 and 2016.

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Los Andes finds Vizcachitas mineralization extensions

Los Andes Copper Ltd. has provided an update on the geological mapping and geophysics work programs conducted on the company’s Vizcachitas project.

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Roscan Gold recovers 90% of Au from Mankouke South

Roscan Gold Corp. has provided information on bottle roll test work recently completed on crushed rejects of diamond drill samples from the Mankouke South target. Test work has been completed at ALS Laboratory in Ouagadougou, Burkina Faso in August 2020 and recorded an overall metallurgical recovery of 90% from 139 samples (Table 1).

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Moneta Announces Positive Results from Preliminary Economic Assessment Study on South West Deposit

Toronto, Ontario–(Newsfile Corp. – September 9, 2020) – Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (FSE: MOP) (“Moneta” or the “Company”) is pleased to announce the excellent results from the Company’s Preliminary Economic Assessment (“PEA”) of the South West deposit at its 100% owned Golden Highway Project located in Timmins, Ontario. The PEA study demonstrates robust economics and is based on a stand-alone, owner-operated mine and mill with an 11-year mine life which produced an after-tax Net Present Value (“NPV”) of C$236 million using a 5% discount rate. The financial model shows an after-tax Internal Rate of Return (“IRR”) of 30% and a capital payback period of 3.4 years. All amounts are shown in Canadian dollars unless otherwise stated.

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Tinka prepares for 7,000 m drilling at Ayawilca

Tinka Resources Ltd. has provided an update on exploration activities at its 100-per-cent-owned Ayawilca zinc-silver project in Peru. Preparations are underway for a ~7,000 metre drill program consisting of approximately 20 diamond drill holes. Three drill rigs are expected to mobilize to site and commence drilling by the end of September 2020. The program will target areas where earlier drilling identified high grade zinc and silver mineralization, often outside of the known resources.

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FPX’s Baptiste PEA pegs NPV at $1.72-billion (U.S.)

FPX Nickel Corp. has received positive results from the 2020 preliminary economic assessment (PEA) for the Baptiste project at its wholly owned Decar nickel district in central British Columbia. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by BBA Inc. of Montreal, Canada with work on mine planning and tailings by Stantec Inc. of Vancouver, Canada.

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Maple Gold Provides Exploration Update and Outlook at Douay Gold Project

Montreal, Quebec–(Newsfile Corp. – September 9, 2020) –  Maple Gold Mines Ltd.  (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) is pleased to provide a recap of its exploration programs during the first half of 2020 and an outlook on exploration work planned at its Douay Gold Project (the “Project”) in northern Quebec, Canada.

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Excellon produces 198,458 oz AgEq from Platosa in July

Excellon Resources Inc. has provided an operations update following the resumption of mining and milling activities at its Mexican operations in mid-June, 2020.

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Almaden Announces Court Decision in respect of Environmental Permit Application for the Ixtaca Precious Metals Project, Mexico

VANCOUVER, British Columbia, Sept. 09, 2020 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to report that the second district court in Puebla (the “Court”) has issued a decision in respect of the “incident” filed by Almaden’s Mexican subsidiary on February 4 of this year.

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American Creek’s JV Partner Tudor Gold Discovers a Significant New Gold-Silver-Copper Mineralized System at the Perfectstorm (PSZ) at Treaty Creek, as Well as, Expands the Goldstorm Mineralization Along the Northeast Axis to 1100 Meters

Drill Hole GS-20-73 Expands the 300 Horizon with a 229.5 Meter Intercept Averaging 1.506 Gpt AuEq Within a 775.5 Meter Interval Averaging 0.932 Gpt AuEq. 

Drill Hole GS-20-66 Expands the CS-600 System 100 Metres to the Southeast with a 75 Meter Intercept Averaging 2.150 Gpt AuEq.

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Dynacor Declares Its Q3-2020 Quarterly Dividend

MONTREAL, Sept. 09, 2020 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the Corporation) is pleased to announce the declaration of a dividend payment of CA $0.015 per common share which will be payable on October 5, 2020, to shareholders of record as of the close of business on September 18, 2020. This dividend represents the 9th quarterly dividend payment made to shareholders. 

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