Metals Update 07/01/2021

American Manganese brags about JES publication

American Manganese Inc. has noted that the detailed technical paper, “Experimental Study on Recycling of Spent Lithium-Ion Battery Cathode Materials,” has been submitted, reviewed and published in the Journal of the Electrochemical Society (JES). The JES is a peer-reviewed journal established in 1902 and is one of the most highly cited journals in electrochemistry, and solid-state science and technology.

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Kincora Copper 1:3 share rollback

Pursuant to a special resolution passed by shareholders on Nov. 24, 2020, the company has consolidated its capital on a one-new-for-three-old basis. The name of the company has not been changed.

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Galway Metals drills 3.1 m of 4.8 g/t Au at Clarence

Galway Metals Inc. has released assay results from a new discovery from wildcat exploration drilling at the company’s Clarence Stream project in southwest New Brunswick, Canada. This hole, the first in the area, is located 900 metres northwest and likely along a different trend than the discovery hole in the previously reported new discovery (now named the Adrian zone) of 13.4 grams per tonne (g/t) Au over 12.95 metres (m). The new discovery intersected 4.8 g/t Au over 3.1 m in sediments between two intrusions (20 m away from one) and is controlled by a fault.

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Eskay Mining private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on Nov. 26, 2020, and Nov. 20, 2020.

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Greencastle Resources agreement for Mayflower property

The TSX Venture Exchange has accepted for filing documentation relating to a letter option agreement dated Nov. 30, 2020, between Todd Thurier, David Kroocmo and Greencastle Resources Ltd. Pursuant to the agreement, the company shall have the option to acquire a 100-per-cent interest in the Mayflower property, located 35 kilometres west of Atikokan in Northwestern Ontario.

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Oroco Resource 12.9-million-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 10, 2020.

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Arizona Metals starts drilling at Kay mine

Drilling is currently under way for Arizona Metals Corp.’s Kay mine phase 2 expansion drill program.

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Altus Strategies drills 60 m of 3.34 g/t Au at Diba

Altus Strategies PLC has released encouraging initial results from the continuing 10,000-metre reverse circulation (RC) drilling program at its 100-per-cent-owned Diba gold project located in western Mali. Diba hosts a shallow-dipping near-surface gold deposit and several other prospect areas.

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Orca Gold appoints White to board

Orca Gold Inc. has appointed Brad White to the board of directors of the company, effective immediately.

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Anaconda acquires 4,175 ha at Tilt Cove

Anaconda Mining Inc. has expanded and further consolidated the Tilt Cove gold project located within the Baie Verte mining district in Newfoundland, approximately 45 kilometres by quality roads from the company’s Pine Cove mill and long-term tailings facility. The expansion includes an additional 4,175 hectares of prospective mineral property, acquired via staking and an option agreement, that covers an additional 14 kilometres of favourable geology and structure in the region. The company now maintains a 100-per-cent interest over 35 kilometres of highly prospective strike length including the Nugget Pond horizon that hosted the Nugget Pond mine.

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Regulus drills 141.6m of 0.43% CuEq at Antakori

Regulus Resources Inc. has provided the results from the first two drill holes (AK-20-044 and AK-20-045) from the Anta Norte area of the AntaKori copper-gold project in northern Peru. The aim of the drill program at Anta Norte is to test various geophysical and geological targets and expand the existing footprint of mineralization of the AntaKori deposit. The first two holes in Anta Norte were completed on the Colquirrumi claims where the company has the right to earn up to a 70-per-cent interest from Compania Minera Colquirrumi SA (see May 18, 2016, press release) by drilling 7,500 metres. To date, including the two holes reported in this release, 3,669.7 m have been completed on this ground. Both holes were cut short of their intended depth (see Nov. 23, 2020, press release).

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Am Creek JV drills 82.5 m of 3.286 g/t AuEq at Treaty

American Creek Resources Ltd. has released results for the last set of 2020 diamond drill holes for the Goldstorm zone at its joint venture flagship property, Treaty Creek.

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Blue Lagoon drills 3.13 m of 17.69 g/t Au at Dome

Recently completed drilling on Blue Lagoon Resources Inc.’s Dome Mountain gold project shows potential to increase the extent of the known gold mineralization downdip from the current extent of the known resource based on deep mineralization encountered in hole DM-20-139 and along strike to the east based on high-grade gold intercepts in hole DM-20-114 (the farthest east mineralized intercept on the Boulder vein completed on the project to date).

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Orea Mining to acquire Colombian gold project

Orea Mining Corp. has signed a binding letter of intent to acquire gold projects with an existing ore processing facility, including significant plant and equipment, in Colombia, South America.

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Frontier begins mini-pilot plant operations in Ontario

Frontier Lithium Inc. has begun mini-pilot plant operations with XPS Expert Process Solutions, a Glencore company, at its research and development centre in Falconbridge, Ont., and at other off-site locations. The goal of the pilot is to directly produce lithium hydroxide from the PAK Lithium Project resource. The PAK project contains Ontario’s highest grade and largest lithium resource and is located in an emerging premium lithium mineral district located in the Great Lakes region of northern Ontario.

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