Metals Update 12/01/2021

QMX Gold starts 35,000 m drill program at Bonnefond

QMX Gold Corp. has commenced the planned 35,000-metre winter drilling campaign. The winter campaign will focus primarily on and around the Bonnefond deposit and Bevcon target, both located on the eastern side of its nearly 200-square-kilometre Val d’Or camp property located east of the city of Val d’Or in the historically gold-rich Abitibi greenstone belt in Quebec.

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Troilus Gold drills nine m of 2.73 g/t AuEq at Troilus

Troilus Gold Corp. has provided initial results from its fall/winter 2020 drill campaign at its 100-per-cent-owned Troilus property located in north-central Quebec.

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Freeman Gold drills 10 m of 14 g/t Au at Lehmi

Freeman Gold Corp. has provided assay results of core from four of 34 diamond drill holes on Freeman Gold’s 100-per-cent-owned Lemhi gold project located in Idaho. The objective of the 2020 phase 1 drill program was designed to confirm historical mineralization and allow the use of over 355 historical drill holes in a maiden National Instrument 43-101-compliant resource estimate. The drill program focused on infill and stepout drilling within the known mineralized body to increase confidence and maximize the potential resource.

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Atac Resources drills 46.32 m of 0.51 g/t Au at Rau

Two thousand twenty phase two exploration work at Atac Resources Ltd.’s Airstrip target has encountered broad intervals of gold mineralization. The about 11.5-square-kilometre Airstrip target is part of the Rau project, located at the western end of its 1,700-square-kilometre Rackla gold property in east-central Yukon.

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Abraplata reviews 2020 accomplishments, outlines 2021

Abraplata Resource Corp. has provided a summary of its 2020 accomplishments and presented its outlook for 2021. Abraplata begins the new year with a strong balance sheet of approximately $18-million of cash with no debt, and is continuing to aggressively explore several high-priority drill targets at its wholly owned Diablillos project in Salta, Argentina.

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Anaconda receives $3.52-million from warrant exercises

Anaconda Mining Inc.’s holders of share purchase warrants expiring on Jan. 10, 2021, have exercised their rights in full. The company has accordingly issued 7,837,544 common shares and received proceeds of $3,526,895 based on the exercise price of 45 cents. In addition, the company received proceeds of $487,500 from the full exercise of share purchase warrants that expired on Dec. 23, 2020, for which the company issued 1,381,250 common shares.

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Kootenay Silver talks 2020, outlines 2021 plans

Kootenay Silver Inc. recaps a busy 2020 and provides a general look ahead for an exciting 2021 exploration season. Details related to the Company’s plans for 2021, will be announced in the coming weeks in addition to assay results received from the remaining 17 holes drilled at the Columba high grade silver project. During the past year, the Company completed two large drill programs totaling over 13,000 meters, collectively on the Columba and Copalito properties. Based on the results seen to date, both projects hold great promise for the discovery and development of a classic high-grade silver or silver and gold vein deposits, respectively.

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FPX touts potential low carbon footprint at Baptiste

FPX Nickel Corp. has highlighted the potential for the company’s Baptiste project in central British Columbia to produce refined nickel with a significantly lower carbon footprint than other sources of production in the global nickel industry. These findings are based on the Project’s recent Preliminary Economic Assessment (“PEA”), which outlined the development of a conventional processing facility powered by low-carbon hydro-electric power for the production of a refined, high-grade (63% nickel) product capable of bypassing smelting and being sold directly to end users.

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Fiore Gold produces 9,204 oz of Au in fiscal Q1

Fiore Gold Ltd. has released preliminary production results for its fiscal first quarter of 2021 (quarter ending Dec. 31, 2020) from its Pan open-pit mine in White Pine county, Nevada. All dollar figures are in United States dollars unless otherwise noted.

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Metallic Minerals hires ITG for market-making services

Subject to regulatory approval, Metallic Minerals Corp. has engaged Independent Trading Group (ITG) to provide market-making services, in accordance with TSX Venture Exchange policies. ITG will trade shares of the company on the TSX-V and all other trading venues, with the objectives of maintaining a reasonable market and improving the liquidity of the company’s common shares.

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Alpha Lithium completes first well at Tolillar

Alpha Lithium Corp. has completed drilling operations on the first well of its planned six-well drilling program. This is an important first step toward the extraction and processing of brine from Alpha’s 100-per-cent-owned, 27,500-hectare Tolillar salar.

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American Manganese begins Wenden stockpile testing

American Manganese Inc.’s Wenden stockpile testing project, funded by the United States Defense Logistics Agency (DLA), is under way and on schedule. At the end of December, 2020, approximately 550 pounds of representative stockpile surface samples were collected from the National Defense stockpile in Wenden, Ariz., and received in Richmond, B.C., by American Manganese’s contract research and development lab, Kemetco Research.

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Black Iron to hold webinar Jan. 19

Black Iron Inc. will host a Web-based presentation for current and future potential shareholders on Jan. 19, 2021, at 10 a.m. to provide an overview of the company and its exciting plans for 2021. Interested parties can sign up at Black Iron’s website, after which you will receive a video and a phone number, which you need to save in order to access the event.

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Millrock Resources sells three projects to Felix Gold

Millrock Resources Inc. has sold its Treasure Creek, Ester Dome and Liberty Bell projects to Alaska-domiciled subsidiary companies of Felix Gold Ltd. (Australia) for a future share payment, $210,000 (U.S.) in cash and retained royalties. Felix Gold will have the right to secure 100% ownership in the projects in accordance with the underlying option agreements.

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Almaden Minerals confirms no relation to Mexico ruling

Almaden Minerals Ltd. understands that certain media have reported that Mexico’s supreme court will soon make a ruling on the constitutionality of Mexico’s mining code, stemming from a complaint brought in relation to the company’s mineral claims in Ixtacamaxtitlan, Puebla state, Mexico.

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Noront Resources 1,994,257 shares for debt

The TSX Venture Exchange has accepted for filing the company’s proposal to issue 1,994,257 shares to settle outstanding debt for $382,698.

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