Taylor refreshes Eskay Mining buy
2020-11-30 20:50 ET – In the News
Jay Taylor, in the Nov. 17, 2020, edition of Gold, Energy & Tech Stocks, refreshes his buy of Eskay Mining Corp., recently $1.04. Mr. Taylor said buy for the first time on Aug. 14, 2020, at 84 cents. A $1,000 investment then is now worth $1,237.
Read MoreEskay is a gold explorer in British Columbia’s Golden Triangle. Along with joint venturer Kirkland Lake, it has been drilling two gold targets known as TV and Jeff, both of which have historically been perceived as separate VMS (volcanogenic massive sulphide) systems. Now Eskay’s drilling has uncovered evidence that they may be part of a much larger system, extending up to four kilometres from north to south. This would make it one of the largest VMS systems in the region. For that reason, Eskay is now referring to the prospect as TV-Jeff and is planning to conduct follow-up exploration during the 2021 field season. Dr. Quinton Hennigh, a technical adviser to Eskay (and a geologist held in high esteem by Mr. Taylor), said the results from TV-Jeff are “a very promising indication the system may bear appreciable precious metals.” Mr. Taylor shares Dr. Hennigh’s enthusiasm and ranks Eskay a buy.
Taylor says buy Highgold Mining
2020-11-30 20:53 ET – In the News
Jay Taylor, in the Nov. 17, 2020, edition of Gold, Energy & Tech Stocks, says buy Highgold Mining Inc., recently $2.35. He previously said buy for the first time on May 14, 2020, at $1.62. A $1,000 investment then is now worth $1,449.
Read MoreHighgold owns gold projects in Alaska and Ontario. It has been drilling its JT property in Alaska, with highlights including 18.1 metres of 14.1 grams per tonne gold equivalent, 34.9 metres of 5.9 g/t AuEq and 14.2 metres of 5.0 g/t AuEq. Some of the holes are right on the border of the existing resource, indicating expansion potential. The company still has three drill rigs on the property and is hoping to squeeze out another 2,500 metres of drilling before winter sets in. In addition, Highgold owns the Munro-Croesus property in Ontario, which has been less active than JT but (in Mr. Taylor’s view) holds “very exciting exploration potential.” The company started a 3,500-metre drill program at Munro-Croesus in late September. “There is so much to like about Highgold,” concludes Mr. Taylor, eagerly awaiting drill results. The stock is a buy.
Magna Gold to change year-end to Dec. 31
Magna Gold Corp. will change its fiscal year-end from March 31 to Dec. 31. This change will align the fiscal year-end of the company with that of its subsidiaries, Molimentales del Noroeste SA de CV, LM Mining SA de CV and Minera Magna SA de CV, which are required to have fiscal periods for Mexican tax purposes ending on Dec. 31.
Read MoreWith this change, the corporation’s current fiscal year, which began on April 1, 2020, will end Dec. 31, 2020. The notice of change of year-end required under National Instrument 51-102 (Continuous Disclosure Obligations) will be filed under the company’s profile at SEDAR.
IsoEnergy drills 3.5 m of 74% U3O8 at Larocque
IsoEnergy Ltd. has released final chemical assay results from the summer drilling program completed in late October at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company’s 100% owned Larocque East property (the “Property”) in the Eastern Athabasca Basin of Saskatchewan.
Read MoreHighlights:
South extension drill hole LE20-76 intersected 7.5m of uranium mineralization that averages 38.8% U3O8, including 3.5m of off-scale radioactivity that averages 74.0% U3O8 (Figure 1) The most southerly drill hole on section 4460E, LE20-77, intersected 8.0m of uranium mineralization that averages 2.6% U3O8 The three westernmost sections are open to the south Company is well funded with $11.8M in the treasury
Note: Off-scale radioactivity is >65,536 total gamma counts per second (CPS) from drill core measured with an RS-125 hand-held spectrometer (RS-125).
Craig Parry, Chief Executive Officer commented: “Ending the program with the best drill hole to date is a remarkable way to conclude our summer drilling program, which has demonstrated that Hurricane is a major new high-grade uranium discovery. We look forward to additional high-grade drilling in the New Year and continuing to deliver for our shareholders.”
Steve Blower, Vice President of Exploration commented: “The hard work of our talented Technical team led by Andy Carmichael (Senior Geologist) and Justin Rodko (Project Geologist) resulted in a safe and very successful summer drilling program as exemplified by these final assays. Their understanding of the controls on mineralization at the Hurricane zone is the primary reason for our success. Further, our programs have benefitted from many service providers, the most important of which have been Bryson Drilling and Little Rock Enterprises (camp and expediting).”
Summer Drilling Summary
The expanded 24 drill hole summer program was focused on extending the high-grade area on the western side of the Hurricane zone. It was successful, with many of the best intersections at the zone to date being reported. These include:
LE20-76: 7.5m @ 38.8% U308, including 3.5m @ 74.0% U308 LE20-72: 6.0m @ 6.2% U308, including 1.5m @ 20.7% U308 LE20-68: 11.0m @ 6.9% U308, including 1.5m @ 49.3% U308 LE20-64: 5.0m @ 48.8% U308 including 4.0m @ 57.5% U308 LE20-62: 4.5m @ 6.2% U308 including 2.5m @ 11.1% U308 LE20-57: 10.0m @ 11.7% U308 including 2.5m @ 46.0% U308 LE20-54: 9.0m @ 12.8% U308 including 4.0m @ 27.1% U308
LE20-76 Assays (Section 4435E)
Completed to infill a 17m gap in the Southern extension area on section 4435E between drill holes LE20-64 and LE20-62, drill hole LE20-76 intersected two long intervals of uranium mineralization. The first is a 6.5m long interval of weak sandstone hosted uranium mineralization from 312.5 to 319.0m that averages 0.1% U3O8. Beneath this horizon is a 7.5m thick interval of intense uranium mineralization that straddles the sub-Athabasca unconformity and averages 38.8% U3O8 from 322.5 to 330.0m. This intensely mineralized interval includes 3.5m of continuous off-scale mineralization from 324.0 to 327.5m that averages 74.0% U3O8. Figure 1 is a core photo of the intense mineralization. Figures 2 and 3 show the location of the drill hole in plan and section view, respectively.
LE20-77 Assays (Section 4460E)
Drill hole LE20-77 (Figures 2 and 4) was designed to evaluate the potential to extend mineralization south on section 4460E. It intersected 8.0m of uranium mineralization at the sub-Athabasca unconformity from 322.5 to 330.5m that averages 2.6% U3O8, including 1.0m @ 9.7% U3O8. The zone remains open for expansion to the south on this section.
Next Steps
All analytical results from the summer drilling program have now been released. Budgets and plans for 2021 activities at Larocque East are being finalized and will be announced in due course. A winter drilling program is anticipated that will begin after freeze-up in January.
The Larocque East Property and the Hurricane Zone
The 100% owned Larocque East property consists of 31 mineral claims totaling 15,878ha that are not encumbered by any royalties or other interests. Larocque East is immediately adjacent to the north end of IsoEnergy’s Geiger property and is 35km northwest of Orano Canada’s McClean Lake uranium mine and mill.
Along with other target areas, the Property covers a 15-kilometre-long northeast extension of the Larocque Lake conductor system; a trend of graphitic metasedimentary basement rocks that is associated with significant uranium mineralization at the Hurricane zone, and in several occurrences on Cameco Corp. and Orano Canada Inc.’s neighbouring property to the southwest of Larocque East. The Hurricane zone was discovered in July 2018 and was followed up with 29 drill holes in 2019 and an additional 48 drill holes in 2020. Dimensions are currently 575m along-strike, up to 75m wide, and up to 11m thick. The zone is open for expansion along-strike to the east and to the north and south on some sections. Mineralization is polymetallic and commonly straddles the sub-Athabasca unconformity 320 m below surface. The best intersection to date is 33.9% U3O8 over 8.5m in drill hole LE20-34. Drilling at Cameco Corp.’s Larocque Lake zone on the neighbouring property to the southwest has returned historical intersections of up to 29.9% U3O8 over 7.0m in drill hole Q22-040. Like the nearby Geiger property, Larocque East is located adjacent to the Wollaston-Mudjatik transition zone – a major crustal suture related to most of the uranium deposits in the eastern Athabasca Basin. Importantly, the sandstone cover on the Property is thin, ranging between 140m and 330m in previous drilling.
Table 1 - Summer 2020 Drilling Program Results
Hole-ID From (m) To (m) Length (m) Radioactivity1,2Chemical AssaysOrientationLocation
(CPS) U3O8 (%) Ni (%)(Azm/Dip)
LE20-543 329.5 338.5 9.0 >500 12.8 3.9 180/-79 Sect 4510E
incl. 333.0 337.0 4.0 >30,000 27.1 5.2
incl. 334.0 334.5 0.5 Off-scale5 52.5 1.6
LE20-553 No significant mineralization 180/-70 Sect 4785E
LE20-563 351.0 358.5 7.5 >500 0.1 0.1 180/-70 Sect 4660E
LE20-573 343.8 353.8 10.0 >500 11.7 0.3 217/-70 Sect 4435E
incl. 347.3 349.8 2.5 >40,000 46.0 1.0
incl. 347.8 348.3 0.5 Off-scale5 65.9 0.7
LE20-583 Abandoned before target 180/-69 Sect 4785E
LE20-58C13,6144.0 146.5 2.5 >500 0.2 0.1 180/-71 Sect 4785E
LE20-594 342.0 347.0 5.0 >500 0.2 0.2 112/-69 Sect 4610E
incl. 345.0 345.5 0.5 >5,000 0.9 0.2
LE20-603 No significant mineralization 000/-90 Sect 4660E
LE20-613 313.0 322.0 9.0 >500 0.3 0.0 000/-90 Sect 4660E
incl. 321.5 322.0 0.5 >10,000 1.4 0.2
LE20-623 314.0 316.5 2.5 >500 0.2 0.0 000/-90 Sect 4435E
and 321.0 325.5 4.5 >500 6.2 0.5
incl. 323.0 325.5 2.5 >30,000 11.1 0.3
incl. 324.5 325.0 0.5 Off-scale5 29.0 0.3
LE20-63A3 No significant mineralization 180/-85 Sect 4660E
LE20-643 316.5 320.0 3.5 >500 0.3 0.1 000/-90 Sect 4435E
and 324.0 329.0 5.0 >500 48.8 1.1
incl. 324.5 328.5 4.0 >30,000 57.5 1.3
LE20-653 No significant mineralization 000/-90 Sect 4610E
LE20-663 323.0 324.0 1.0 >500 0.2 0.0 000/-90 Sect 4785E
LE20-673 327.5 329.5 2.0 >500 0.2 0.5 000/-90 Sect 4435E
LE20-683 323.0 334.0 11.0 >500 6.9 0.6 180/-80 Sect 4485E
incl. 332.0 333.5 1.5 >50,000 49.3 3.1
LE20-693 322.5 329.0 6.5 >500 0.9 0.3 000/-90 Sect 4435E
incl. 325.0 326.0 1.0 >5,000 2.4 0.2
LE20-703 No significant mineralization 000/-90 Sect 4560E
LE20-713 324.0 325.0 1.0 >500 0.2 0.1 000/-90 Sect 4485E
and 327.5 329.5 2.0 >500 2.4 2.8
incl. 329.0 329.5 0.5 >20,000 7.8 5.3
LE20-723 320.5 326.5 6.0 >500 6.2 0.7 000/-90 Sect 4460E
incl. 323.0 323.5 0.5 >20,000 7.9 0.7
and incl. 324.5 326.0 1.5 >40,000 20.7 0.7
LE20-734 326.5 332.0 5.5 >500 0.2 1.0 000/-90 Sect 4510E
LE20-744 320.5 325.5 5.0 >500 0.7 0.7 000/-90 Sect 4460E
incl. 322.0 323.5 1.5 >5,000 2.0 1.9
LE20-75A4 No significant mineralization 000/-90 Sect 4510E
LE20-764 312.5 319.0 6.5 >500 0.1 0.1 000/-90 Sect 4435E
and 322.5 330.0 7.5 >500 38.8 0.4
incl. 324.0 327.5 3.5 Off-scale5 74.0 0.6
LE20-774 322.5 330.5 8.0 >500 2.6 1.4 000/-90 Sect 4460E
incl. 324.0 326.5 2.5 >5,000 2.5 0.9
and incl. 329.0 330.0 1.0 >10,000 9.7 1.6
Notes:
1. Radioactivity is total gamma from drill core measured with an RS-125 hand-held
spectrometer
2. Measurements of total gamma on drill core are an indication of uranium content, but
may not correlate with chemical assays
3. Radioactivity and chemical assays previously disclosed
4. Radioactivity previously disclosed
5. Off-scale radioactivity is defined as exceeding 65,536 cps, the maximum measurable
by an RS-125 spectrometer
6. LE20-58C1 is a wedged off-cut from LE20-58 at 200m
Radisson drills 2.5 m of 110.97 g/t Au at O’Brien
Radisson Mining Resources Inc. has released significant high-grade gold intercepts from the continuing 60,000-metre exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val d’Or in Quebec, Canada.
Read More
Notable drill results
Hole From (m)To (m)Core Length (m)Au (g/t) - UncutComments
OB-20-158
272.00 274.00 2.00 8.68 Piche Tuff
Including 273.00 274.00 1.00 17.35
OB-20-159
148.55 151.70 3.15 10.87 Piche Basalt
Including 148.55 150.90 2.35 13.15
And 184.00 188.60 4.60 7.32 Piche Conglomerat/Porphyry
Including 186.50 188.60 2.10 13.61
Which includes 187.60 188.60 1.00 27.40 VG
OB-20-167
637.50 640.00 2.50 110.97 Piche Porphyry , VG
Including 637.50 638.50 1.00 16.40 VG
And 639.30 640.00 0.70 371.00 VG
1. VG denotes the presence of visible gold
2. Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. To the extent possible, primary intercepts reflect minimum mining width (1.5 m true width) consistent with assumptions used in the 2019 resource estimate.
3. Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate
4. Table includes only intercepts that meet 5 g/t Au cut-off and minimum mining width constraints used in the 2019 MRE. For a full listing of drill results from current drilling program click here.
Highlights
Drill results highlight the potential for resource growth to the east in the first mineralized trend (300 m east of the old O’Brien Mine) near the lower boundary of current resources
- Hole OB-20-167 returned 110.97 g/t Au over 2.50 m core length (vertical depth of 600 m) including separate intervals of 16.40 g/t over 1.00 m and 371.00 g/t over 0.70 m, and within a broader mineralized interval (see figure 1)
- The drill hole intersected mineralized structures near the eastern and lower boundary of current resources in the first mineralized trend, including visible gold showings at 638.00 m and 639.30 m core length (See photo)
- This intercept was obtained close to historical intercepts of 1920.00 g/t Au over 0.21 m and 101.31 g/t over 0.61 m
- As previously indicated, assays are also pending for OB-20-164 and OB-20-170, which intersected mineralized structures with visible gold above the high-grade intercept in OB-20-167
- OB-20-164 intersected visible gold in the targeted structures, 50 m above and to the west of OB-20-167
- OB-20-170 intersected visible gold in the targeted structures, approximately 40 m to the east of OB-20-167
- Results demonstrate the potential to meaningfully expand resources in the first mineralized trend to the east and at depth.
- Current resources in the area are limited to a vertical depth of 600 m and drilling to date has demonstrated continuity down to a depth of approximately 960 m Within an area extending approximately 300 m laterally and 350 m vertically below the resource boundary. Mineralization is open for expansion laterally and at depth below 960 m.
Shallow high-grade intercepts suggest an opportunity to expand resources in the gap between the old O’Brien mine and the upper part of the first high-grade trend
- Hole OB-20-15 9 intersected multiple mineralized intercepts near the upper boundary of defined resources approximately halfway between the first mineralized trend and the old O’Brien Mine including, 10.87 g/t Au over 3.15 m (vertical depth of 125 m) including 13.15 g/t over 2.35 m 13.61 g/t Au over 2.10 m (vertical depth of 150 m) within a broader interval grading 7.32 g/t over 4.60 m, with visible gold showings at 187.60 m
- In addition, Hole OB-20-158 intersected 8.68 g/t over 2.00 m below defined resources in the area and approximately 250 m below the intercepts in OB-20-159.
- These intercepts were obtained above and to the west of previously released intercepts of 92.89 g/t Au over 2.60 m in OB-20-153 (vertical depth of 230 m), and historical high-grade intercepts of 43.37 g/t Au over 1.31 m and 124.57 g/t over 0.82 m, all of which are currently excluded from the 2019 resource estimate
- Assays are pending for hole OB-20-168 which intersected visible gold in two sections, 295 m and 330 m respectively west of currently defined resources and approximately 400 m below and 50 m to the east of OB-20-159.
- OB-20-159 and OB-20-153 along with historical high-grade intercepts highlights opportunities for significant resource growth in gap between the old O’Brien mine and current resources in the first mineralized trend.
Drilling at O’Brien continues to validate the litho-structural model while highlighting resource growth potential laterally and at depth
- Drilling to date has continued to define and expand three high-grade mineralized trends, located approximately 300 m, 600 m and 900 m respectively to the east of the old O’Brien Mine.
- Assays are pending from step-out drill holes completed on all three trends.
- Mineralized trends identified bear similarities with structures previously mined at O’Brien down to a depth of 1,100 m (historical production of 587 koz grading 15.25 g/t)
- Drilling so far has demonstrated continuity of mineralization well below the boundary of defined resources in all three trends, which remain open for expansion laterally and at depth.
- In the first trend, drilling has highlighted continuity of mineralization down to a vertical depth of 950 m, approximately 350 m below the boundary of resources that are limited to a vertical depth of 600 m.
- In the second trend, drilling has highlighted continuity of mineralization down to a vertical depth of 700 m, approximately 300 m below the boundary of resources that are mostly within 400 m from surface.
- In the third trend, drilling has traced mineralization down to 500 m vertical depth from surface. Current resources are mostly confined to between surface and 240 m vertical depth.
- Almost all drilling conducted as part of the ongoing campaign has been within a strike length of approximately 1 km to the east of the old O’Brien mine, representing only a small portion of more than 5 km of prospective strike that Radisson controls along the Cadillac Break.
5 6 , 446 m of drilling completed to date with assays pending for approx. 11,500 m
- This release represents approximately 3,779 m of drilling.
- Released results to date (since the commencement of drilling in August 2019) represent only 68% of the total planned 60,000 m program.
- Assays are pending for previously discussed holes OB-20-164, OB-20-168, OB-20-170 and OB-20-174, all which intersected visible gold in the targeted structures.
- With approximately $16 M in treasury, the company is now funded to expand the program to over 130,000 m through 2021
” We are very pleased with results from our ongoing drill program that continue to validate our litho-structural model and highlight the significant resource upside at O’Brien. O ur work program so far has been focused within a 1 km along strike to the east of the historic O’Brien Mine . We believe there is significantly more upside to be unlocked as we systematically step out to drill test more than the 5 km of strike length that we control along the prolific Cadillac Break. ” commented Mario Bouchard, Chief Executive Offic er
QA/QC
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 5 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
Canyon AGM Approves Issue of 10 Million Canyon Shares to Altus
DIDCOT, UK / ACCESSWIRE / December 1, 2020 / Altus Strategies Plc (AIM:ALS)(TSX-V:ALTS)(OTCQX:ALTUF) announces that the shareholders of ASX-listed Canyon Resources Ltd (“Canyon”) have, at Canyon’s Annual General Meeting held on 30 November 2020, approved the issuance of 10 million fully paid ordinary shares (“Canyon Shares”) to Altus pursuant to the JV Termination Agreement (“Agreement”) previously announced by the Company on 11 February 2019.
Read MoreCanyon Shares issued pursuant to the Agreement are subject to a 12-month voluntary escrow agreement from the date of issue. Altus currently holds 16,100,000 Canyon Shares, representing an approximate 2.6% interest in Canyon on an undiluted basis. Canyon Shares currently trade at approximately A$0.11 per share.
Ynvisible appoints Heydarpour as director
Ynvisible Interactive Inc. has appointed Ramin Heydarpour as a new independent member of its board of directors, stepping into this role after joining Ynvisible as an adviser in October, 2020. Michael Robinson, who was appointed Ynvisible’s chief operating officer in September, 2020, will step down from the company’s board of directors.
Read More“We are honoured to have Ramin join Ynvisible’s board of directors. With a background of over 30 years in developing breakthrough flexible technologies into high-volume business and the critical insight that it takes to launch innovations at scale, Ramin provides valuable insights to guide our operations and our strategic decision making. This perspective is key as we focus our short-term growth objectives, expressly in the area of smart labels, and aim to accelerate revenue growth,” said Jani-Mikael Kuusisto, chief executive officer of Ynvisible. “We’re equally excited about Michael’s recent transition full time into Ynvisible Interactive as COO to head operations with a focus on increased operational excellence.”
Excellon drills 0.45 m of 1,042 g/t AgEq at Silver City
Excellon Resources Inc. has released initial diamond drilling results from the continuing program at the Silver City project in Saxony, Germany, with assays from an additional seven holes outstanding and a further two holes to be completed before year-end.
Read MoreHighlights:
- Intersection of significant silver mineralization at three targets in initial holes including:
- 1,042 grams per tonne silver equivalent (AgEq) over 0.45 metre (911 g/t silver, 0.4 g/t gold, 2.8 per cent lead and 0.9 per cent zinc), within 231 g/t AgEq over 2.30 metres (183 g/t Ag, 0.4 g/t Au, 0.5 per cent Pb and 0.2 per cent Zn) in initial drilling on the Peter vein;
- 505 g/t AgEq over 0.71 metre (356 g/t Ag, 2.0 g/t Au), within 191 g/t AgEq (134 g/t Ag and 0.8 g/t Au) in first hole at Reichenbach (Grosvoigtsberg), a new, near-surface discovery in an area with minimal historic mining;
- 319 g/t AgEq over 0.35 metre (300 g/t Ag, 0.2 g/t Au and 0.2 per cent Zn), within 101 g/t AgEq (87 g/t Ag, 0.2 g/t Au) in first hole at Braunsdorf;
- 14 diamond drill holes completed totalling 3,299 metres, with 13 holes intersecting targeted structures, assays pending on seven holes and a further two holes to be completed at Munzig before year-end;
- Successful drill permitting, land access and ramp-up of the drilling program, advancing Excellon’s social licence in the area and demonstrating the opportunity to operate in the area;
- Passive seismic surveying planned for coming weeks in collaboration with Sisprobe, with 2-D surveying planned for the Munzig area.
“We have intersected high-grade silver mineralization in the first holes drilled on the Silver City project in modern times,” stated Ben Pullinger, senior vice-president, geology and corporate development. “We have tested seven targets and have intersected mineralization in almost every hole including multiple high-grade silver species and fine-grained native silver. We have a high-grade, district-scale epithermal silver system confirmed in initial drilling and we are now focused on defining wider zones of mineralization.”
Mr. Pullinger continued, “As importantly, we have advanced our privilege to operate in the area and have developed strong local relationships from landholders to regulators that will be integral to our long-term exploration plans for the project.”
Hole ID From To Interval (1) Ag Pb Zn Au AgEq (2)
(m) (m) (m) (g/t) (%) (%) (g/t) (g/t)
AGBR0120 353.45 355.5 2.05 87 0.0 0.1 0.2 101
including 353.45 353.8 0.35 300 0.0 0.2 0.2 319
AGBR1020 107.5 109.4 1.9 134 0.0 0.0 0.8 191
including 108.13 108.84 0.71 356 0.0 0.0 2.0 505
AGBR05A20 207.75 210.05 2.3 183 0.5 0.2 0.4 231
including 207.75 208.2 0.45 911 2.8 0.9 0.4 1,042
(1) All intersections are reported as core length.
(2) AgEq is calculated using $1,800 gold per ounce, $24 silver per ounce, 90 cents lead per pound
and $1.20 zinc per pound with 100-per-cent metallurgical recovery.
The initial drilling program of 15 diamond drill holes at Silver City was designed to test multiple targets based on the strike and dip extensions of historical workings, soil geochemical and geophysical anomalies and surface samples. Assays from seven drill holes have been received and are reported herein.
A summary of the targets reported on today is provided in the associated table.
SUMMARY OF THE TARGETS
Target and hole No. Target type Holes Geological descriptions
wide shear zone with intense graphitic,
chloritic and sericitic alteration
hosting multiple quartz-carbonate veins
and local zones of hydrothermal breccia;
dip extension silver is carried by silver sulphosalts,
of historical freibergite-tetrahedrite and is closely
Braunsdorf workings AGBR0120 associated with sphalerite
all holes intersected a strongly sheared
zone with ubiquitous sericite and local
intermittent zones of biotite alteration,
with minor local quartz and carbonate veining;
AGBR0220 all zones demonstrated anomalous base metal
soil geochemistry AGBR02A20 and precious metal values with up to 0.68 g/t
Fortuna A -- conceptual AGBR0720 Au and 47 g/t Ag
a discovery, with three zones of mineralization
intersected, comprising brittle sericite-altered
basalt with quartz-carbonate filled brittle
fractures and local zones of matrix- and
surface clast-supported hydrothermal breccias; Ag and
sampling and Au are hosted in quartz-carbonate veins with
Reichenbach geophysics AGBR1020 assays reaching over 2.0 g/t Au and over 350 g/t Ag
both holes intersected a wide shear zone with
strong sericitic, graphitic and chloritic
alteration; the zone contains multiple local
sheared quartz, carbonate veins; grades reached
911 g/t Ag, 0.4 g/t Au, 2.8% Pb and 0.9% Zn;
strike extension multiple grains of native silver, pyrargyrite,
of historical freibergite and other silver species were
Peter vein workings AGBR05A20 identified
Excellon has partnered with Sisprobe of Grenoble, France, on a 2-D passive seismic survey of the Munzig target. The program is currently under way and, innovatively, is using continuing diamond drilling as the sound source for the seismic probes.
Excellon also continues to work with the Helmholtz Institute Freiberg (HIF) under a research and development agreement and has provided HIF with data and drill core samples from the Silver City project through which HIF can test exploration technologies, including hyperspectral analysis of drill core. The company also has various collaborations with the mineral systems analysis group of the TU Bergakademie Freiberg (the Freiberg University) to develop further analyses of the project.
The Silver City project was mined for high-grade silver from the 11th until the late 19th century, when Germany left the silver standard in 1873 and the gold:silver ratio collapsed. Records from the project indicate high-grade silver production over substantial widths throughout the district. Excellon has embarked on the first modern day exploration program focused on precious metals.
Excellon holds an option to acquire a 100-per-cent interest in the Silver City project from Globex Mining Enterprises Inc.
Brixton Metals Discovers New Gold Zone at Outlaw West and Expands the Central Outlaw Zone at its Thorn Project
VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) — Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce drill results from its Outlaw Target at its wholly owned Thorn Project located in the northwest corner of British Columbia’s Golden Triangle. The Company completed 2,788.55m of NQ size drill core over 16 holes at the Outlaw Target.
Read MoreHighlights
- Drilling expanded the Central Outlaw Zone by 164m strike for a new total of 600m of continuous near surface mineralized gold-silver horizon
- Discovery of mineralization at the West Outlaw Zone returned 1m of 8.7 g/t Au, 33.8 g/t Ag or 9.2 g/t AuEq
- THN20-172 returned 12.4m of 1.4 g/t AuEq including 5m of 3.1 g/t AuEq
- THN20-176 returned 27m of 0.8 g/t AuEq, incl. 6.9m of 2.3 g/t AuEq, incl. 1m of 5.9 g/t AuEq
Chairman and CEO of Brixton, Gary R. Thompson stated, “We are encouraged as drilling at Outlaw Target continues to confirm the scale potential of this large gold anomaly. Additionally, we are excited by the results at West Outlaw Zone, which returned higher grades. The Thorn Project remains a district-scale project with multiple styles of mineralization and we expect to resuming drilling at Outlaw, a sediment hosted gold deposit, in 2021 to continue growing the gold-silver trend, which remains open in several directions. We are also looking forward to assay results from other 2020 drilling completed at our Camp Creek Cu-Au porphyry target at the Thorn Project.”
Gold mineralization at the Central Outlaw Zone has been interpreted as a main, sediment-hosted gold-bearing horizon of EW to NW orientation gently dipping to the north (Figure 3).
Several surface rock samples collected earlier this season located between 90m to 180m North-northwest of holes THN20-172/173 returned 1 to 3 g/t Au. Hole THN20-173 was drilled with a 350 degrees azimuth and -60 degrees dip for a maximum depth of 258m. The hole successfully extended gold mineralization by 75m to the north by returning 13.5m of 1.1 g/t AuEq (0.9 g/t Au, 11.4 g/t Ag). Further drilling should be conducted to the north and northwest of hole THN20-173 as the Central Outlaw Zone remains open in several directions.
Drill hole THN20-179 was terminated early due to difficult drilling conditions and possible faulting at this location; however, the hole ended in mineralization of 2.5m of 0.7 g/t AuEq (0.6 g/t Au, 11.2 g/t Ag).
Drill hole THN20-178 did not intercept notable mineralization and it is suspected that it may have not been drilled deep enough as the collar was set at a 72m higher elevation than hole THN20-177 and about 200m to the EW to NE from collar THN20-177. The other plausible theory is that a fault off set gold mineralization at this location. Difficult drilling conditions were encountered in both holes THN20-178 and 179.
Table 1. Central Outlaw Zone 2020 Drilling Highlights.
| Hole ID | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | AuEq g/t |
| THN20-172 | 69.6 | 82.0 | 12.4 | 0.7 | 52.0 | 1.4 |
| Including | 71.0 | 76.0 | 5.0 | 1.7 | 116.1 | 3.1 |
| THN20-173 | 100.0 | 113.5 | 13.5 | 0.9 | 11.4 | 1.1 |
| Including | 112.0 | 113.5 | 1.5 | 2.2 | 50.2 | 2.9 |
| THN20-173 | 147.0 | 151.0 | 4.0 | 2.4 | 7.0 | 2.5 |
| THN20-174 | 96.0 | 142.0 | 46.0 | 0.5 | 1.3 | 0.5 |
| Including | 115.0 | 129.0 | 14.0 | 0.7 | 1.6 | 0.7 |
| THN20-175 | 3.9 | 8.0 | 4.1 | 1.7 | 3.8 | 1.8 |
| THN20-175 | 60.0 | 64.0 | 4.0 | 1.4 | 6.3 | 1.4 |
| THN20-175 | 78.0 | 143.9 | 65.9 | 0.3 | 1.8 | 0.3 |
| Including | 133.0 | 139.0 | 6.0 | 0.9 | 2.6 | 1.0 |
| THN20-176 | 7.0 | 10.0 | 3.0 | 1.3 | 3.8 | 1.4 |
| THN20-176 | 69.0 | 96.0 | 27.0 | 0.7 | 3.1 | 0.8 |
| including | 89.1 | 96.0 | 6.9 | 2.2 | 8.4 | 2.3 |
| including | 95.0 | 96.0 | 1.0 | 5.7 | 15.2 | 5.9 |
| THN20-177 | 133.0 | 181.4 | 48.4 | 0.5 | 0.5 | 0.5 |
| including | 137.0 | 181.4 | 44.4 | 0.6 | 0.5 | 0.6 |
| including | 137.0 | 141.0 | 4.0 | 2.4 | 0.9 | 2.4 |
| including | 159.0 | 181.4 | 22.4 | 0.7 | 0.6 | 0.7 |
| including | 173.0 | 181.4 | 8.4 | 0.8 | 0.9 | 0.8 |
| including | 180.0 | 181.4 | 1.4 | 1.7 | 1.6 | 1.7 |
| THN20-178 | 249.0 | 251.0 | 2.0 | 0.2 | 0.9 | 0.2 |
| THN20-179 | 78.0 | 80.5 | 2.5 | 0.6 | 11.2 | 0.7 |
Intervals are drilled lengths and true widths of the mineralization have not been determined at this time. Results are weighted average grades.
Gold equivalent values were determined by AuEq =(1811*Au g/t/31.1+23.38*Ag /t/31.1)/1811*31.1, where the gold price used was USD$1,811 per ounce and the silver price used was USD$23.38 per ounce and metal recoveries were assumed 100%.
Gold mineralization at the Central Outlaw Zone is associated with disseminated to semi-massive pyrrhotite and pyrite mineralization hosted in Trassic clastic sediments with weak to moderate alteration. The picture above represents an example of gold-bearing mineralization of a 27m interval in hole THN20-176 from 69m to 98m depth that returned an average grade of 0.8 g/t AuEq, including 6.9m of 2.3 g/t AuEq with a 1m interval of 5.9 g/t AuEq.
Gold mineralization at the Central Outlaw Zone was expanded to 600m in strike, 100-200m in width and 20-60m in thickness based on 13 holes drilled in 2020. The 4km long gold-in-soils anomaly at the Outlaw Target remains largely untested and gold mineralization in sediment-hosted horizons remains open in several directions.
Drill hole THN20-177 is now eastern extent of the continuous Central Outlaw gold horizon which is about 1,000m west from THN19-159 (East Outlaw area) drilled in 2019 that returned 37.8m of 1.2 g/t Au, including 12m of 3.5 g/t Au. No drilling has been conducted between these Central and East Outlaw areas.
The 2020 season was the first-time that drilling has been done in the West Outlaw Zone. The best gold-silver intervals were in hole THN20-169 that returned 8.7 g/t Au, 33.2 g/t Ag or 9.2 g/t AuEq from 18m depth and hole THN20-164 that retuned 1.9m of 3.0 g/t Au, 6.5 g/t Ag from 41.1m depth and from THN20-165 that returned 5.1m of 1.1 g/t Au. See Table 2 and Figure 5 below.
Table 2. West Outlaw Zone 2020 Drilling Highlights
| Hole ID | From (m) | To (m) | Interval (m) | Au g/t | Ag g/t | AuEq g/t |
| THN20-164 | 41.1 | 43.0 | 1.9 | 3.0 | 6.5 | 3.1 |
| THN20-164 | 50.0 | 52.0 | 2.0 | 1.6 | 4.0 | 1.7 |
| THN20-164 | 72.0 | 73.8 | 1.8 | 1.0 | 1.7 | 1.1 |
| THN20-165 | 31.0 | 36.2 | 5.2 | 1.0 | 3.1 | 1.0 |
| Including | 34.5 | 36.2 | 1.6 | 1.8 | 5.7 | 1.9 |
| THN20-165 | 64.0 | 69.5 | 5.5 | 0.4 | 1.1 | 0.4 |
| THN20-165 | 161.9 | 167.0 | 5.1 | 1.1 | 1.7 | 1.1 |
| THN20-166 | 16.3 | 16.9 | 0.6 | 0.6 | 2.4 | 0.6 |
| THN20-166 | 25.1 | 29.1 | 4.0 | 0.5 | 2.5 | 0.5 |
| THN20-167 | 30.0 | 38.0 | 8.0 | 0.7 | 8.1 | 0.8 |
| Including | 30.0 | 36.0 | 6.0 | 0.8 | 8.2 | 0.9 |
| THN20-167 | 234.0 | 236.0 | 2.0 | 1.3 | 3.2 | 1.3 |
| THN20-168 | 94.5 | 96.0 | 1.5 | 1.0 | 1.5 | 1.0 |
| THN20-169 | 18.0 | 19.0 | 1.0 | 8.7 | 33.8 | 9.2 |
| THN20-169 | 23.0 | 25.0 | 2.0 | 0.6 | 5.6 | 0.7 |
| THN20-170 | 33.0 | 34.9 | 1.9 | 0.6 | 2.8 | 0.7 |
| THN20-171 | 29.2 | 32.9 | 3.7 | 0.9 | 4.3 | 1.0 |
| THN20-171 | 42.8 | 44.8 | 2.0 | 1.0 | 9.9 | 1.1 |
Drilling at the Outlaw West Zone targeted multiple high-grade gold in rock samples and soil anomalies. Steep terrain conditions made it difficult to construct drill pads at preferred locations. Eight holes were drilled from 3 pads spaced between 230m and 300m.
Gold mineralization at the West Outlaw Zone is associated with pyrite veining and patches hosted in an oxidized rhyolite dykes cutting Triassic Stuhini mafic volcanics and clastic sediments.
Table 3. 2020 Drill Collar Information at the Outlaw Target.
| DDH ID | Prospect | Easting (m) | Northing (m) | Elevation (m) | Azimuth | Dip | Depth (m) |
| THN20-164 | Outlaw West | 629722 | 6490419 | 1347 | 360 | -90 | 142.34 |
| THN20-165 | Outlaw West | 629722 | 6490419 | 1347 | 360 | -60 | 322.48 |
| THN20-166 | Outlaw West | 629722 | 6490419 | 1347 | 320 | -45 | 132.59 |
| THN20-167 | Outlaw West | 629722 | 6490419 | 1347 | 25 | -45 | 300.23 |
| THN20-168 | Outlaw West | 629527 | 6490399 | 1222 | 20 | -45 | 138.68 |
| THN20-169 | Outlaw West | 629527 | 6490399 | 1222 | 360 | -45 | 117.35 |
| THN20-170 | Outlaw West | 629945 | 6490558 | 1473 | 300 | -45 | 143.26 |
| THN20-171 | Outlaw West | 629945 | 6490558 | 1473 | 345 | -45 | 64.01 |
| THN20-172 | Outlaw Central | 631252 | 6490458 | 1809 | 160 | -60 | 115.75 |
| THN20-173 | Outlaw Central | 631252 | 6490458 | 1809 | 350 | -60 | 258.17 |
| THN20-174 | Outlaw Central | 631680 | 6490435 | 1913 | 170 | -60 | 185.01 |
| THN20-175 | Outlaw Central | 631395 | 6490494 | 1850 | 170 | -60 | 163.68 |
| THN20-176 | Outlaw Central | 631395 | 6490494 | 1850 | 130 | -60 | 181.97 |
| THN20-177 | Outlaw Central | 631680 | 6490435 | 1913 | 135 | -45 | 181.36 |
| THN20-178 | Outlaw Central | 631837 | 6490482 | 1985 | 170 | -75 | 261.21 |
| THN20-179 | Outlaw Central | 631837 | 6490482 | 1985 | 95 | -55 | 80.46 |
| Total | 2788.55 |
Quality assurance and quality control protocols for drill core sampling was developed by Brixton Metals Corporation. Blank, duplicate and certified reference materials were inserted into the sample stream for at least every 20 drill core samples. The certified reference materials (standards) were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and the standards inserted varied – depending on the type and abundance of mineralization visually observed in the primary sample. Blank material used consisted of non-mineralized siliceous river / landscaping rock. Samples were zipped locked and sent directly to ALS’s prep-lab in Whitehorse, Yukon.
Drill core samples were submitted to ALS Minerals preparation facility in Whitehorse, YT and analyzed at ALS Geochemistry Laboratory Facilities in North Vancouver, BC. Samples were initially analysed for gold by fire assay with an atomic absorption finish, whereas over limits for Ag, Pb Cu and Zn and 48 additional elements were analysed using four acid digestion with an ICP-MS finish. Select samples that returned values >1 g/t Au were then re-submitted for total metallic screening where the oversized fraction was analysed by fire assay with an atomic absorption finish.
Kerr Mines adds second drill rig to Copperstone
Kerr Mines Inc. has provided a corporate and drilling update for its 100-per-cent-owned Copperstone gold project located in Arizona, United States.
Read MoreGiulio T. Bonifacio, Chief Executive Officer of Kerr, stated: “We are very pleased to now be entering the next and most exciting value add phase of Copperstone’s development cycle. Our recently closed project funding transaction will now allow Kerr to move forward with detailed engineering with a targeted re-start of production in Q4-2021. Additionally, our previously funded and current 10,000 meter drilling program is well underway with three drill rigs on site. While we did face some initial delays we remain on track to provide an updated resource in Q2-2021 which will include results from our successful 5,000 meters of drilling in 2019 in addition to results from our current drilling program.”
Project Funding , Optimization and Engineering
As previously announced on November 23, 2020 the Company closed a US$18 million project financing with Star Royalties Ltd. for the restart of operations at the Copperstone gold mine. The US$18 million advance payment under the Streaming Agreement will be provided in three equal installments, with the first US$6 million installment having now been received. The remaining two tranches will be advanced at the request of Kerr as it incurs expenditures for the restart of Copperstone, with a further US$6 million payable on or before February 28, 2021 and the final US$6 million payable on or before April 30, 2021.
The initial installment of US$6 million will be allocated immediately to advance detailed engineering with targeted restart of the Copperstone Mine by Q4-2021. The Company’s focus now shifts to securing long term lead items, finalization of the process facilities to accommodate a Whole Ore Leach approach, and sourcing underground mining contractors and equipment.
In accordance with Copperstone Preliminary Feasibility Study and Management’s successful efforts to further improve project economics and extend the current mine life, the Company will move to gold production using a Whole Ore Leach (“WOL”) method of processing gold ore. Leaching of gold from the ore-bearing material that is delivered to the mineral processing plant from the underground mining operations has clear advantages versus other mineral processing options – particularly in terms of overall gold recovery. Test work to date has shown that an average of 95% of the gold content of the ore bearing material can be recovered in a WOL method which passes the ore through a series of captive steel tanks within which the gold is leached from the ore. The final step in the mineral processing plant at Copperstone is to produce a gold dore bar.
The Company has engaged Hanlon Engineering & Associates, Inc. of Tucson, Arizona, for engineering design, construction management and commissioning assistance for the processing plant. Hanlon Engineering is a wholly owned subsidiary of GR Engineering Services Limited of Australia (“GRES”), and has a proven culture of taking project ownership while keeping control of time, scope, cost and quality.
Kerr has also engaged Resource Development Inc (“RDi”) and ProSolv, both of Denver, Colorado, for metallurgical test work and mineral process engineering. RDi, established in 1990, has over 30 years of extensive experience in gold projects around the globe. There are more than a dozen plants built and operated based on testwork completed at RDi including Gold Resource Corporation El Aguila plant in Mexico and Apex Silver San Cristobal plant in Bolivia (now Sumitomo). More recently, RDi and ProSolv provided technical and operational support for the successful re-start of the Fiore Gold Limited Pan Mine and continue to support their operating and development plans. Prior to Kerr, RDi have partnered with GRES on several projects including Vista Gold’s Mt. Todd gold project and Sandfire Resources America Black Butte Copper project.
2020 Drilling Program
With increased demand for geologists, drill contractors and lengthy delays at assay labs, the Company has proactively planned for and identified a clear path forward to complete a successful 2020-21 exploration and resource expansion drilling program within the initial timeline envisaged. To offset current industry demands and resulting delays, Kerr Mines has:
Accelerated the surface drilling program with the addition of a second drill rig. The surface program is targeted to complete 4,000 to 5,000 meters
Commenced the underground portion of the program ahead of schedule with a shorter timeline to the required mine rehabilitation and has now mobilized an underground core drill rig that has commenced drilling. The underground program is targeted to complete 4,000 to 5,000 meters
The company currently has two surface Reverse Circulation (“RC”) drill rigs, and one underground diamond core rig on site and the drilling program continues to advance according to schedule. The Company expects to provide drill results on a frequent and regular basis starting in January 2021 with completion of the current 10,000 meter program expected as early as March 31, 2021. Upon completion of this phase of drilling, the company will provide and updated resource estimate in Q2-2021 which will also include drilling results from 5,000 meters of drilling in 2019.
Su mmary of I nitial Preliminary Drill Results and H ighlights:
Intervals drilled from the surface through the Footwall and Copperstone zones include:
3.0 meters @ 10.54 g/t Au (KER-20S-05)
3.0 meters @ 6.40 g/t Au (KER-20S-01);
18.3 meter interval of gold mineralized shear zone containing two separate intervals of 4 g/t Au or greater (KER-20S-06);
Current results demonstrate the Footwall and Copperstone zone remain open and indicate further expansion of mineralized zones along strike and dip with future drilling;
Second surface drill rig mobilized and drilling;
Underground core drill rig mobilized and drilling ahead of schedule;
Total progress to date from two surface and one underground drilling is 13 drill holes for 2,500 meters with assays results currently pending for 10 drill holes.
KER-20S-05 is an inclined RC drill hole collared at the Southeast end in the bottom of the historic open pit and drilled southwest. This is an exploration hole targeting the edge of the Footwall zone. A group of intercepts of particular interest is in the upper portions of the hole starting at 21.3 meters and extending to 29 meters giving values starting with 3.28 g/t Au and ending with values of 12.60 g/t Au and 8.48 g/t Au. The average grade of this group of intercepts is 5.01 g/t Au over 7.6 meters. This area is within 11 meters of historically drilled KER-17S-21 which reported a 1.5 meter interval with 12.4 g/t Au.
KER-20S-01 is an inclined RC drill hole collared near the Northeast edge at the top of the historic open pit and drilled southwest. This is an exploration hole targeting the edge of the Copperstone C zone. An intercept of primary interest in this hole is from 256 meters to 261 meters with intercepts of 7.87, 4.93 and 1.72 g/t Au respectively. This group of intercepts is about 15 meters to the west of a modelled Copperstone zone resource domain and may serve to extend inferred resources in this direction. There is a potential that this area is thicker than the modelled domain, as evidenced by a group of lower grade intercepts directly above. These are from 248 meters to 253 meters with an average grade of 1.58 g/t Au over 5 meters. In addition, historic hole H4-42 had intercepts 15.12 g/t Au and 4.35 g/t Au located 33.5 meters to the southeast and in the same horizon.
KER-20S-06 is an inclined RC drill hole collared at the Southeast end in the bottom of the historic open pit and drilled east from the same location as KER-20S-05. This is an exploration hole targeting the edge of the Footwall zone. The upper portion of this hole reported an 18.3 meter interval from 90 meters to 108.3 meters at an average grade of 2.04 g/t Au. This interval with starts and ends with values of 4.34 & 4.00 g/t Au respectively and also includes five 1.5 meter intervals of 2 g/t Au or greater. In addition, this interval penetrates a previously modelled Footwall zone resource domain but is displaying greater thickness and lower grade.
The primary focus of the current surface drilling program is further extending the known boundaries and increasing the current resource in both the Copperstone zone and the underlying and parallel Footwall zone. The Footwall zone is located about 150 meters to the southwest of the Copperstone zone which historically produced over 500,000 ounces of gold at an average grade of 3 g/t Au.
Insurance Proceeds Received
As previously disclosed, the Company remediated a very localized failure of the open pit high-wall and restored permanent power to the underground workings at the Copperstone Mine. As a result the Company filed an Insurance claim for US$1,812,597 which delayed the start of the drilling program that was to commence in Q2-2020. The high-wall remediation impacted certain infrastructure and equipment nearby one of the portals to the underground workings inclusive of permanent power, which has now been fully restored. Initial oral and written representations from the Company’s insurers indicated that all damage would be covered and that the costs of remediation of the damages would be recoverable within a reasonable timeframe.
As of June 30, 2020, the Company received insurance proceeds of US$256,458. Resulting from further delays by the insurer, the Company filed a Statement of Claim on August 12, 2020 to pursue the remaining amount payable under this claim. In November, the Company agreed to a settlement with the Insurer for additional payments totaling US$1,368,354, for a total cash recovery of US$1,624,812, plus legal fees, net of the US$50,000 deductible. These funds will be applied to working capital and the current drilling program.
Warrant Extension
As previously disclosed on November 16, 2020, the Company is proposing to extend the exercise period of a total of 21,239,409 outstanding share purchase warrants issued pursuant to the private placement completed on Nov. 27, 2018 (the “2018 Warrants”), and 3.35 million outstanding share purchase warrants issued pursuant to the private placement completed on April 15, 2019 (the “2019 Warrants”). The current expiry date of the 2018 Warrants is Nov. 27, 2020, and the new expiry date will be Nov. 27, 2021. The current expiry date of the 2019 Warrants is April 15, 2021, and the new expiry date will be April 15, 2022. All proposed warrant term extensions are subject to Toronto Stock Exchange approval and the company has applied to the TSX for approval.
The extension of all of the 2018 Warrants and 2019 Warrants will be conditional on the Company receiving disinterested shareholder approval of the proposed extension at the upcoming Annual & Special Meeting of the Company to be held on December 22, 2020. The Company is proposing to extend the warrants after considering the historic and continuing support of the Company by the holders of the warrants, the $0.21 exercise price of the warrants, pricing of recent equity financings, historic trading prices of the Common Shares, and the potential for the warrants to provide additional financing in the future. In the event that disinterested shareholder approval is not obtained, the 2018 Warrants will terminate immediately and the 2019 Warrants will terminate in accordance with their original terms on April 15, 2020.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.