Metals Update 23/9/2020

Globex receives year 2 option payment from Excellon

Globex Mining Enterprises Inc. has received the year 2 option payment from Excellon Resources Inc. required under the agreement between Excellon and Globex, concerning the Braunsdorf silver project in Saxony, Germany, now called the Silver City project.

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Omineca Mining begins drilling at Wingdam

Omineca Mining and Metals Ltd. has begun a 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 Resources drills four m of 5.6 g/t Au at Barry

Bonterra Resources Inc. has released the initial results of the continuing drilling campaign on the Barry project. The results include several intersections, including 5.6 grams per tonne Au over four metres 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 six g/t Au over 1.8 m in hole MB-20-275.

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Sirios drills 2.9 m of 10.3 g/t Au at Aquilon

Sirios Resources Inc. has released assay results from the seven drill holes completed last July on the Aquilon gold property at Eeyou Istchee James Bay, Quebec. More than 30 high-grade surface gold showings occur on this property, including some with spectacular gold grades (refer to news releases dated Dec. 2, 2014, Jan. 1, 2011, and June 26, 2008).

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Cartier Resources releases Chimo hoisting study results

Cartier Resources Inc. has released the results of an engineering study on the hoisting capacity of the underground mining infrastructure on the Chimo mine property. This property, owned 100 per cent by Cartier, is located 45 kilometres east of the Val d’Or mining camp.

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Evergold closes $1.28M first tranche of placement

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Allegiant Gold director Gianulis acquires 200K shares

Peter Gianulis, together with Carrelton Horizon Fund LP, an entity beneficially owned by him, acquired 200,000 shares of Allegiant Gold Inc. at a price of 9.75 cents per share through the facilities of the TSX Venture Exchange, which acquisition caused him to own and control 10.12 per cent of the then outstanding shares of Allegiant (assuming exercise of 1.25 million options held by the acquiror at that time). Immediately prior to the acquisition, the acquiror, together with Carrelton, held 4,938,000 shares of Allegiant and 1.25 million options, being 9.8 per cent of the then outstanding shares of Allegiant, assuming exercise of the options.

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Blue Lagoon retracts Dome Mountain PEA

As a result of a review by the British Columbia Securities Commission, Blue Lagoon Resources Inc. is issuing the following news release to clarify its technical disclosure with respect to the independently prepared technical report titled “Preliminary Economic Assessment Dome Mountain Mine British Columbia, Canada,” dated July 13, 2020.

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Steppe Gold holders elect directors at AGM

Steppe Gold Ltd. has released the results of its 2020 annual general meeting of shareholders held on Sept. 22, 2020, in Ulan Bator, Mongolia.

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Troilus Gold begins 20,000 m of drilling at Troilus

Troilus Gold Corp. has initiated a new 20,000-metre drill program at its 100-per-cent-owned Troilus property located near Chibougamau, within the Frotet-Evans greenstone belt in Quebec, Canada. The program will be completed through the remainder of 2020 with the objective being to upgrade current mineral resource estimates and continue the expansion and exploration of mineralization across the Troilus property, following the discovery of the Southwest Zone (“SWZ”) earlier this year (see Figure 1).

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Altus Strategies qualifies to trade on OTCQX Best

Altus Strategies PLC has qualified to trade on the OTCQX Best Market. Altus Strategies PLC upgraded to OTCQX from the Pinktrademark market.

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Canada Nickel begins surveys at Noble properties

Detailed airborne magnetic and gravity surveys, similar to what was successfully utilized at Canada Nickel Company Inc.’s flagship Crawford nickel-cobalt sulphide project, began this week on its option properties which were acquired earlier this year with earn-in agreements with Noble Mineral Exploration.

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Hudson Resources Closes Debt Restructuring and Capital Injection Transaction and Recommences Operations at White Mountain Mine in Greenland

VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that, further to its news releases of June 11, 2020 and August 4, 2020, the Company has closed its debt restructuring transaction (the “Transaction”) with its existing lenders, Cordiant Capital Inc. and its affiliates, and Romeo Fund – Flexi and its affiliates (together, the “Lenders”) after receiving shareholder approval and approval from the Government of Greenland.

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Nighthawk Announces Appointment of Eric Tremblay to the Board of Directors

TORONTO, ON / ACCESSWIRE / September 23, 2020 / Nighthawk Gold Corp. (“Nighthawk” or the “Company“) (TSX:NHK)(OTCQX:MIMZF) is pleased to announce the appointment of Mr. Eric Tremblay to the board of directors of Nighthawk. As well, Mr. Tremblay has agreed to act as a technical consultant to the Company on an as needed basis.

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Excellon to begin trading on NYSE American today

Excellon Resources Inc.’s common shares will commence trading on the NYSE American LLC as of market open today under the ticker symbol EXN. Excellon’s common shares will continue to trade on the Toronto Stock Exchange under the ticker symbol EXN.

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Japan Gold acquires Kanehana

Japan Gold Corp. has acquired the Kanehana project through the acceptance of 40 new prospecting rights applications by the Japanese Ministry of Economy, Trade and Industry (“METI”). The new 12,431 hectare project adjoins the west side of Japan Gold’s Ikutahara Project and covers seven historic gold mines and workings.

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Amarillo Gold to hold AGM Oct. 1

Amarillo Gold Corp. will hold its 2020 annual meeting in a virtual-only format, as set out in its 2020 information circular. The annual and special meeting of shareholders will be held on Thursday, October 1, 2020 at 10:00 a.m. ET at the following link: https://web.lumiagm.com/228704829 .

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