Metals Update 29/12/2020

Blue Lagoon files NI 43-101 report for Dome Mountain

Blue Lagoon Resources Inc. has filed an updated technical report on the company’s Dome Mountain gold mine project entitled “NI 43-101 Technical Report, Dome Mountain Mine, British Columbia, Canada,” dated Dec. 21, 2020. The Technical Report was prepared pursuant to the form required under National Instrument 43-101 by Roughstock Mining Services LLC. The report is available at http://www.sedar.com.

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Orvana Reports Updated NI 43-101 for its Spanish Operation: Five Years Life of Mine Plus Additional 3.4 MT @ 3.8 G/T Gold in Inferred Resources

Highlights:

  • Life of mine plan includes oxide and skarn ore, from El Valle Boinás and Carlés mines, at an average annual rate of 686,000 tonnes, for a period of five years.
  • Proven and Probable Reserves of 3.4 million tonnes containing 307,000 ounces of gold, 27.6 million pounds of copper and 756,000 ounces of silver.
  • Inferred Mineral Resources of approximately 3.4 million tonnes containing 410,000 ounces of gold, 24.8 million pounds of copper and 934,000 ounces of silver, providing potential opportunities to further extend mine life.
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HPQ Files Provisional Patent Application for Silicon By-Product Created by PUREVAP™ QRR as Anode Material for Lithium-Ion Batteries

MONTREAL, Dec. 29, 2020 (GLOBE NEWSWIRE) — Innovative silicon solutions provider HPQ Silicon Resources Inc. (“HPQ” or “the Company”) (TSX-V: HPQFWB: UGE;Other OTC : URAGF), is pleased to inform shareholders that promising results from electrochemical performance tests made with silicon-based by-products manufactured by the GEN2 PUREVAPTM Quartz Reduction Reactor (“QRR”) motivated the company to file a provisional patent application regarding their manufacturing, assembly and usage as anode materials for Lithium-ion batteries.

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GR Silver, Mako to amend Marlin Gold LOI

GR Silver Mining Ltd. and Mako Mining Corp. have agreed to amend their letter of intent (LOI) dated Dec. 12, 2019, to extend the date by which they are required to sign a definitive agreement to Jan. 31, 2021. Pursuant to the LOI, GR Silver and Mako agreed to negotiate an arm’s length transaction whereby GR Silver would acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd from Mako and to enter into a Definitive Agreement on or before December 31, 2020 (News release dated December 17, 2019 ).

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IsoEnergy to Settle Portion of Interest Payment in Shares

VANCOUVER, BC, Dec. 29, 2020 /CNW/ – IsoEnergy Ltd. (“IsoEnergy” or the “Company“) (TSXV: ISO) (OTCQX: ISENF) has agreed to settle a portion of the interest payment due to Queen’s Road Capital Investment Ltd. (“QRC“) (TSXV: QRC) as at December 31, 2020. Pursuant to the unsecured convertible debenture dated August 18, 2020 between QRC and the Company (the “Debenture“), as at December 31, 2020, the Company will owe QRC interest in the amount of US$191,280 of which US$56,258 will be settled with the issuance of 40,026 common shares of the Company (“Shares“), at a deemed price of US$1.41.

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All Share Purchase Warrants of 2018 Have Been Exercised

Rouyn-Noranda, Québec, Canada – TheNewswire – December 29, 2020 – Abcourt Mines Inc. (TSXV:ABI) (OTC:ABMBF) (“ Abcourt ” or the “ Corporation ” ), is pleased to announce that all warrants issued in the private placement of 2018 have been exercised. Some were exercised earlier, in October 2020, others were exercised lately. In December 2020, 845,000 warrants were exercised and 845,000 common shares were issued for an amount of $ 84,500 received by the Corporation. In global, the Corporation issued a total of 1,000,000 common shares at a price of $ 0.10 per share upon the exercise of all the 2018 warrants.

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Tous les Bons de Souscription du Placement Prive 2018 ont ete Exerces

R o u yn – N orand a , Q u é b e c , Canada – TheNewswire – 29 décembre 2 020 – Mines Abcourt inc. (la « Société » ou « Abcourt ») (TSXV:ABI) (OTC:ABMBF) est heureuse d’annoncer que tous les bons de souscription émis lors du placement privé du 31 décembre 2018 ont été exercés. Certains l’ont été plus tôt, soit en octobre2020 et d’autres l’ont été dernièrement.  En décembre 2020, 845 000 bons ont été exercés et 845 000 actions ont été émises pour un montant de 84 500$ qui a été reçu par la Société . En tout, la Société a émis 1 000 000 actions ordinaires à un prix de 0.10 $ par action lors de l’exercice des bons de souscription de 2018.

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