Metals Update 22/9/2020

Namibia to receive additional $1.1M for Lofdal drilling

Namibia Critical Metals Inc. has noted that Japan Oil, Gas and Metals National Corp. (JOGMEC) will provide an additional $1.1-million to expand and accelerate the current drilling program for the Lofdal heavy rare earths project in northern Namibia. This additional commitment will increase the term 1 joint venture expenditure from $3-million to $4.1-million by March 31, 2021. This increase in financing allows for an additional 6,000 metres of diamond drilling to develop resources at Lofdal as described herein. A second rig has been deployed to site in order to maintain term 1 program scheduling.

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Anaconda releases Point Rousse NI 43-101 reserves

Anaconda Mining Inc. has filed a technical report prepared in accordance with National Instrument 43-101 (NI 43-101) reporting on updated mineral resource and mineral reserves estimates (MRMR) for its 100-per-cent-owned Point Rousse gold project in Newfoundland and Labrador, Canada. The technical report follows the previous announcement on August 4, 2020 outlining the updated MRMR for the Argyle Deposit (“Argyle”) at Point Rousse (All dollar amounts are in CDN $ unless otherwise stated).

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Amarillo Gold 118,967,000-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced July 22, 2020.

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Amarillo Gold prospectus offering

Effective Aug. 6, 2020, the company’s final short form prospectus dated Aug. 5, 2020, qualifying the distribution of 71,699,000 common shares of the company, was filed with and receipted by the Ontario Securities Commission and filed with and accepted by the TSX Venture Exchange. Under Multilateral Instrument 11-102, Passport System, the prospectus is deemed to have been filed with and receipted by the securities regulators for each of the British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions.

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Southern Silver agreement for Cerro Las Minitas

The TSX Venture Exchange has accepted for filing a 60-per-cent interest purchase agreement with Electrum Global Holdings LP and Southern Silver Holdings Ltd. (Southern BVI) and Minera Plata del Sur S.A. de C.V. dated June 19, 2020, and amended by an amendment agreement dated July 20, 2020, whereby the company will purchase the remaining 60-per-cent interest in Southern BVI, thus indirectly holding a 100-per-cent interest in the Cerro Las Minitas property in Durango state, Mexico.

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Highgold starts 3,500 m drill program in Ontario

Highgold Mining Inc. has started a 3,500-metre drill program at its Munro-Croesus and Golden Mile properties located in the Timmins gold camp, Ontario, Canada. The Program follows-up and expands upon the Company’s drill program that was suspended mid-March in response to COVID-19.

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Copper Fox applies for okay for Mineral Mtn EA

Copper Fox Metals Inc. and its wholly owned subsidiary, Desert Fox Copper Inc., have provided an update of recent studies and its exploration plans for its 100-per-cent-owned Mineral Mountain porphyry copper project located approximately 15 miles east of Florence, Ariz.

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Excellon to begin trading on NYSE American soon

Excellon Resources Inc.’s common shares will commence trading on the NYSE American LLC in the coming days, subject to completion of certain duties of the company’s transfer agent. The Company will provide an update on the specific date that trading will commence when available.

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Garibaldi samples 249 g/t Au at Casper

Garibaldi Resources Corp. has provided information on developments including new assay results from the Casper high-grade gold quartz vein discovery 13 kilometres north of the company’s flagship E&L nickel-copper-cobalt massive sulphide project in northwestern British Columbia. In addition to E&L and Casper, Garibaldi owns a 100% interest in over 180 sq. kms of highly prospective mineral claims in the heart of the historic Eskay camp, one of the richest mineral districts in the Province.

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Omineca Begins Diamond Drilling at Wingdam

SASKATOON, SK, Sept. 22, 2020 /CNW/ – Omineca Mining and Metals Ltd. (TSXV: OMM) (“Omineca” or the “Company”), announces that it has commenced its maiden diamond drill program at the Wingdam gold exploration project in the Cariboo Mining District of south-central British Columbia.

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Bonterra Intersects 5.6 g/t Au over 4 metres in the Western Extension of the Barry Deposit

Val-d’Or, Quebec–(Newsfile Corp. – September 22, 2020) – Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (“Bonterra” or the “Company“) is pleased to announce the initial results of the ongoing drilling campaign on the Barry project. The results include several intersections, including 5.6 g/t Au over 4 metres (“m“) in hole MB-20-269, 4.3 g/t Au over 4.2 m and 8.9 g/t Au over 0.5 m in hole MB-20-271, and 6.0 g/t Au over 1.8 m in hole MB-20-275.

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Eskay drills 11.24 m of 1.23 g/t Au, 210 g/t Ag at TV

Eskay Mining Corp. has encountered precious metal-bearing volcanogenic massive sulphide (VMS) mineralization in its first diamond drilling at the TV target on joint venture ground held with Kirkland Lake Gold Ltd. (80 per cent Eskay/20 per cent Kirkland Lake Gold).

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