Metals Update 15/12/2020

Westhaven drills 5.5 m of 4.58 g/t Au at Shovelnose

Westhaven Gold Corp. has released assay results from its continuing drill program at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge gold belt (SBGB), which borders the Coquihalla highway 30 kilometres south of Merritt, B.C.

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Hudson grab samples up to 48.5% Nb2O5 at Nukittooq

Hudson Resources Inc. has received the assays from its niobium and tantalum exploration project located in its wholly owned Sarfartoq exploration licence in southwestern Greenland. The niobium project is called Nukittooq, which means “strong man” in Greenlandic to reflect the key characteristic of niobium as a strengthener of steel.

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Blue Lagoon CEO talks 2020 achievements

LETTER FROM THE PRESIDENT & CEO OF BLUE LAGOON RESOURCES

Dear shareholders and investors,

Those of you who know me personally know that most of my 35-plus years in business have been in private family businesses. In 2010, at the invitation of a very successful venture capitalist, who had made most of his initial fortune in mining, I decided to jump into the public markets and began an unexpectedly difficult journey that caused immense financial losses and nearly broke my spirit.

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Prime Mining reviews Q2 2021 exploration work

Prime Mining Corp. has released its operating and financial results for the three months ended Oct. 31, 2020.

Prime Mining is focused on the development of the Los Reyes Gold-Silver Deposit in Sinaloa Mexico.

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Namibia Critical identifies Au targets at two projects

Namibia Critical Metals Inc. has provided an update on its gold exploration programs on the Grootfontein and Erongo projects, which cover 1,950 square kilometres in the central Namibian gold belt. Both projects underwent regional exploration with the objective of identifying orogenic gold deposits. Progress to date is reported as follows:

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Los Andes completes PPP for Vizcachitas drill permit

On Dec. 14, the public participation process (PPP) for the permitting of Los Andes Copper Ltd.’s drilling campaign was successfully finalized. The process was designed and implemented following strict COVID-19 prevention protocols set by the authorities. As a result, the Environmental Evaluation Service (SEA) together with the company held several in-person presentations throughout the different communities of Putaendo. The process was combined with an on-line presentation, thus ensuring an opportunity for all interested community members to learn about the drilling campaign and raise questions or provide comments.

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IsoEnergy finalizes Hurricane zone drilling plans

IsoEnergy Ltd. has provided an update. Drilling plans have been finalized for the Hurricane zone and other targets. 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 (Figure 1).

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Orca Gold to increase activity at Block 14

Orca Gold Inc. is pleased to confirm that Sudan’s designation as a state sponsor of terrorism is rescinded. The Company extends its congratulations to the people and government of Sudan in achieving this historical result, which recognizes the significant effort, determination, and sacrifice by the people of Sudan towards political, religious, social and economic change in their country.

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GR Silver drills 4.2 m of 778 g/t AgEq at Plomosas

GR Silver Mining Ltd. has released drill results from the company’s recently announced surface and underground core drilling program in the Plomosas mine area, as well as validation sampling results from historic drilling at its 100-per-cent-owned Plomosas silver project in Sinaloa, Mexico.

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Bonterra Completes Second and Final Tranche of Private Placement for Total Gross Proceeds of $15 Million

Val-d’Or, Quebec–(Newsfile Corp. – December 15, 2020) – Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (“Bonterra” or the “Company“) is pleased to announce that it has closed the second and final tranche of the non-brokered private placement previously announced on November 23, 2020, December 3, 2020 and first tranche closing on December 9, 2020 (the “Offering”). In the final tranche, the Company raised aggregate gross proceeds of $2,729,625 (the “Final Tranche“) from the sale of 2,373,587 common shares of the Company (the “Shares”) at a price of $1.15 per Share. The total number of Shares sold in the Offering was 13,043,478 for aggregate gross proceeds for all tranches of $15 million. The Company is pleased to have received significant support and participation from its existing shareholders in the Offering, including Wexford Capital LP, Ruffer LLP and CDPQ Sodémex Inc.

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Santacruz Silver Reaches Agreement to Extend Zimapan Mine Lease and Updates Status of Zimapan Mine Acquisition

Vancouver, British Columbia–(Newsfile Corp. – December 15, 2020) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (the “Company” or “Santacruz”) reports that its wholly-owned subsidiary, Carrizal Mining S.A. de C.V. (“Carrizal”), has reached agreement with Minera Cedros, S.A. de C.V. (“Minera Cedros”), a wholly owned subsidiary of Industrias Peñoles, S.A.B. de C.V., to extend the current mine lease on the Zimapan Mine from December 31, 2020 to June 30, 2021.

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Victory Metals & Nevada King Enter Into Arrangement Agreement

VANCOUVER, BC, Dec. 15, 2020 /CNW/ – Victory Metals Inc. (TSX-V: VMX) (“Victory”) and Nevada King Mining Ltd. (“Nevada King”), a private B.C. company, are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement“) dated December 14, 2020, with respect to their previously announced “merger of equals” transaction.

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FPX Nickel Provides Outlook for 2021

VANCOUVER, BC, Dec. 15, 2020 /CNW/ – FPX Nickel Corp. (TSXV: FPX)(“FPX” or the “Company“) is pleased to provide a year-end review of the Company’s accomplishments in 2020 that provide a strong foundation for increased activities in 2021.

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Aftermath Silver releases Challacollo resource estimate

Aftermath Silver Ltd. has provided the results of a CIM compliant mineral resource estimate for the Challacollo silver-gold project, in region 1 of northern Chile, summarized in the table included.

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Brixton Metals pats back for 2020 season at Thorn

Brixton Metals Corp. has released its rock and soil geochemistry results summary from the 2020 season on its vast 2,594-square-kilometre Thorn copper-gold-silver project. A total of 1,473 rock samples and 5,588 soil samples were collected throughout the Thorn Project.

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Lithium Chile samples up to 9.3 g/t Au at Carmona

Lithium Chile Inc. has recently completed additional sampling on its 100-per-cent-owned Carmona gold and silver property.

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Highgold Mining arranges $3-million private placement

Highgold Mining Inc. has arranged a non-brokered private placement of up to 1.5 million common shares of the company issued on a flow-through basis, which may be gifted or sold by the initial purchaser at a price of $2 per FT share for aggregate gross proceeds of up to $3-million.

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