Metals Update 14/9/2020

Nighthawk Gold files NI 43-101 estimate for Indin Lake

Nighthawk Gold Corp. has filed a National Instrument 43-101-compliant technical report, titled “NI 43-101 Technical Report and Mineral Resource Estimate for the Indin Lake Gold Property, Northwest Territories, Canada,” outlining an updated indicated and inferred resource estimate for the Colomac gold project, and an initial inferred resource estimate for the Damoti Lake gold project, as announced on July 28, 2020.

Euro Sun talks Rovina construction permit, DFS

Euro Sun Mining Inc. has provided a corporate update and comment on the current strategy regarding development of the 10-million-gold-equivalent-ounce Rovina Valley project.

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Euro Sun Provides Corporate Update

TORONTO, Sept. 14, 2020 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to provide a corporate update and comment on the current strategy regarding development of the ten million gold equivalent ounce Rovina Valley Project.

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Eloro starts 3,500 m drill program at Iska Iska

Eloro Resources Ltd.’s Bolivian subsidiary, Minera Tupiza SRL, has commenced the planned 3,500-metre underground diamond drilling program at Huayra Kasa on its optioned Iska Iska polymetallic project in Potosi department, southern Bolivia. The company and contractor Empresa Minera Villegas SRL have implemented safeguards to protect personnel from COVID-19. Drilling, which will be HQ-sized core, is being carried out by Leduc Drilling SRL, an experienced Bolivian drill contractor. Details of the initial planned drill holes in the program are listed in the associated table (refer to press release of Aug. 11, 2020, for more details).

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Kincora wins government co-funding for Nyngan drilling

Kincora Copper Ltd. has secured a co-funding grant from the government of New South Wales to drill two porphyry targets at its Nyngan copper-gold project. The Nyngan project is located in the interpreted northern undercover section of the Junee-Narromine Belt of the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia.

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Revival Gold completes 25% of Beartrack drilling

Revival Gold Inc. has provided information on the status of exploration and development activities at the company’s Beartrack-Arnett gold project located in Lemhi county, Idaho.

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GR Silver Mining shareholders elect six to board

GR Silver Mining Ltd. has provided the results of its annual general meeting of shareholders held on Sept. 11, 2020, in Vancouver, B.C. All the motions presented to the shareholders were approved. Each of the six nominees proposed as Directors and listed in the Company’s Management Information Circular dated August 7, 2020 were elected as Directors.

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Almaden Minerals to resume exploration at Ixtaca

Almaden Minerals Ltd. intends to resume exploration in the area of the Ixtaca project.

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Atac Resources identifies orogenic gold system at Rau

ATAC Resources Ltd.’s 2020 phase 1 exploration work has identified an orogenic gold system at its Airstrip target. The ~11.5 km2 Airstrip target is part of the Rau Project, located at the western end of its 1,700 km2 Rackla Gold Property in east-central Yukon.

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Maple Gold appoints Jauristo, Lechtizier as advisers

Maple Gold Mines Ltd. has appointed Timo Jauristo and Matthew Lechtzier as strategic advisers to provide guidance and insight on strategic corporate matters. The Company has also appointed Shirley Anthony to the role of Director, Corporate Communications to run strategic communications and outreach programs to build market awareness.

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Canada Nickel Company arranges $6.5-million financing

Canada Nickel Company Inc. has entered into an agreement with Echelon Wealth Partners Inc. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 4,334,000 units of the company at a price of $1.50 per unit for total gross proceeds of $6,501,000.

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Aftermath closes $17.13-million private placement

Aftermath Silver Ltd. has closed its previously announced non-brokered private placement of 26,362,442 shares for gross proceeds of $17,135,587. Eric Sprott has increased his investment in order to maintain 19.61 per cent of Aftermath’s issued and outstanding Common Shares.

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Japan Gold receives OK for Gumyo rights applications

Japan Gold Corp. has received acceptance by the Japanese Ministry of Economy, Trade and Industry (METI) for 10 new prospecting rights applications covering extensions to the Barrick Alliance, Gumyo project in the Hokusatsu region of the Southern Kyushu epithermal gold province.

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Orvana Minerals identifies 17 gold targets at Taguas

Orvana Minerals Corp. has provided an update on its exploration program at the Taguas mining property located in San Juan province, Argentina. As a result of the completion of a recent artificial intelligence assisted data analysis, Orvana has identified a total of 17 new high probability gold targets at Taguas, consisting of 9 new areas and 8 extended areas of previous known mineralization. All of the newly identified targets are based on a 96% level of similarity to the known gold mineralization. These results suggest that there is an enhanced probability of increasing the potential of the Property’s oxides and sulphides resources.

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Cantex Mine samples up to 57.7 g/t Au at North Rackla

Cantex Mine Development Corp. has released an update on the work program at its 100-per-cent-owned 14,077-hectare North Rackla claim block in Yukon.

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