Metals Update 21/12/2020

Eclipse Gold and Northern Vertex Financing Over-Subscribed Agents’ Option Added

VANCOUVER, BC, Dec. 21, 2020 /CNW/ – Eclipse Gold Mining Corp. (“Eclipse”) (TSXV: EGLD) (OTC: EGLPF) and Northern Vertex Mining Corp. (“Northern Vertex”) (TSXV: NEE) (OTC-NASDAQ Intl: NHVCF) are pleased to announce that, further to the companies’ press release dated December 7, 2020 and the Eclipse press release dated December 15, 2020, Eclipse has successfully completed the book build for its previously announced private placement of subscription receipts in the amount of C$20 million (the “Offering“).

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Ellis Martin Report: Goviex Uranium’s (GVXXF) Daniel Major Provides Perspective on Bullish Uranium.

2020-12-21 06:27 ET – News ReleaseMalibu, CA, United States, Dec 21, 2020 – (ABN Newswire) – Join Ellis Martin for a conversation with Daniel Major, CEO of our sponsor Goviex Uranium (CVE:GXU) (OTCMKTS:GVXXF). GoviEx uranium is a mineral resource company focused on the exploration and development of its African uranium properties.

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Nighthawk drills 154.95 m of 1.36 g/t Au at Colomac

Nighthawk Gold Corp. has released assay results for four drill holes (1,993 metres) completed at zones 2.0 and 2.5 of the Colomac Main sill, part of the Colomac gold project centrally located within its Indin Lake gold property, Northwest Territories, Canada.

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Kincora hits bornite, chalcopyrite zones at Trundle

Kincora Copper Ltd. has provided an update on drilling activities at the Trundle brownfields project located in the Macquarie arc of the Lachlan fold belt in New South Wales, Australia.

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Almaden Minerals denied Ixtaca environmental permit

Almaden Minerals Ltd. has received notification from the Mexican federal permitting authority, Secretaria de Medio Ambiente y Recursos Naturales (SEMARNAT) that the company’s initial environmental permit application (MIA) in respect of the Ixtaca project has not received approval. Almaden originally submitted the MIA in early 2019.

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Globe says new coverage rates EnCore “outperform”

The Globe and Mail reports in its Saturday, Dec. 19, edition that Noble Capital Markets analyst Michael Helm began coverage of EnCore Energy(85 cents) with an “outperform” rating on Friday. The Globe’s David Leeder writes that Mr. Helm targets the shares at 85 cents. Mr. Helm says in a note: “The success of EnCore Energy and its stock price is tied to the success of the domestic uranium industry.

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Excellon Resources stakes 175 claims at Kilgore

Excellon Resources Inc. has provided an update on continuing exploration efforts on the Kilgore property in Clark county, Idaho, and has staked 175 claims, increasing the property size by approximately 28 per cent.

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Brixton Metals closes $504,000 2nd tranche of financing

Brixton Metals Corp. has closed a second tranche of a non-brokered private placement of flow-through common shares of the company for gross proceeds of $504,000. Each flow-through share (a “FT Share”) was issued at a price of C$0.36 and is comprised of one common flow-through share of the Company. The Company issued a total of 1,400,000 FT Shares pursuant to the Private Placement.

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Bonterra drills 3.9 m of 2.6 g/t Au at Barry project

Bonterra Resources Inc. has made a new gold discovery at Barry North. Recent exploration drilling has confirmed the existence of gold mineralized vein structures spanning approximately 750 metres (“m”) in length along strike, approximately 150 m north of the Barry gold deposit. The Barry North zone is proximal and subparallel to the Mazeres regional fault. These vein structures remain open along strike and at depth. Barry North’s gold mineralization is associated with quartz veining with some pyrite hosted within sheared mafic volcanic rocks and proximal to felsic intrusive rocks.

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