Metals Update 11/01/2021

Namibia Critical draws down $100,000 under facility

Namibia Critical Metals Inc. has completed a second drawdown of $100,000 pursuant to a drawdown equity financing facility with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners LLC, entered into on Aug. 24, 2020.

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Brixton Metals drills four m of 370 g/t Ag at Langis

Brixton Metals Corp. has provided the second round of drill results from its fall/winter exploration program at the Langis mine project located in the Cobalt camp of Ontario. The assays for this round are from 14 holes totalling 1,673.85 metres of NQ size core. Drill holes follow a fan-type array with depths ranging from 55 metres to 176 m across the Shaft 3 trend.

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Aurion reviews 2020 accomplishments

As Aurion Resources Ltd. embarks on 2021, we are excited about the prospects for Aurion and our shareholders.

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Magna Gold removes Mercedes disclosure, updates website

As a result of a review by staff of the Ontario Securities Commission, Magna Gold Corp. is issuing the following news release regarding the company’s technical disclosure in respect of the company’s Mercedes property. The company has updated the corporate presentation posted on its website to, among other changes:

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Sirios Resources private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

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Kincora to issue shares for services, grants options

Kincora Copper Ltd. will issue 1,325,084 shares to certain directors, officers and service providers on account of services rendered on a quarterly basis during calendar year 2020.

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Roscan Gold acquires 16 km2 at Kandiole

Roscan Gold Corp. has strategically expanded its land package by acquiring the property to the immediate west of the Mankouke permit, which is a crucial additional 16 square kilometres at the Kandiole project. It is clearly apparent, as shown in an image on the company’s website, that the magnetic signature of the Siribaya-Mankouke-Seko structure and the mineralization outlined in the Mankouke trend extend over the newly acquired Mankouke prospecting licence.

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Osisko Metals to start drilling Pine Point on Jan. 14

Osisko Metals Inc. has provided its 2021 exploration and development plans for Pine Point with a focus toward continuing to derisk the project and bringing further improvements to the 2020 preliminary economic assessment (PEA):

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Prime Mining pays $1.1M (U.S.) to Vista Gold

Prime Mining Corp. has made payment of $1.1-million to Vista Gold Corp. as per the terms of the acquisition of the Los Reyes gold-silver project, located in the state of Sinaloa, Mexico.

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Evergold signs option deal on Rockland property

Evergold Corp. has signed a letter agreement for an option to purchase the Rockland property, including the formerly producing Rockland mine and adjacent exploration claims, located in the Walker Lane geological belt, Nevada, from Enigma Resources LLC. As reflected in the significant historical intercepts cited below, the property hosts known zones of high-grade and bulk-tonnage-style gold-silver mineralization that are open for further expansion and that the company believes it can grow and add to with new discoveries. Completion of the acquisition of the option is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

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Cda Nickel, Glencore sign MOU on Kidd met site use

Canada Nickel Company Inc. has entered into a non-binding memorandum of understanding (MOU) with Glencore Canada Corp. in order to examine the potential use of Glencore’s Kidd concentrator and metallurgical site in Timmins, Ont., for the treatment and processing of material mined from Canada Nickel’s 100-per-cent-owned Crawford nickel-cobalt sulphide project. Crawford is located 40 kilometres north of Glencore’s operations.

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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 begins drilling at Dome Mountain

Blue Lagoon Resources Inc. has mobilized its crew and drill rig to commence its 2021 drill program, which is expected to be a minimum of 20,000 metres of diamond drilling on its all-year-round road-accessible Dome Mountain gold project, located a short 50-minute drive from Smithers, B.C.

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