Metals Update 14/01/2021

Excellon produces 1.63 moz AgEq at Platosa in 2020

Excellon Resources Inc. has released its fourth quarter and annual 2020 production results from the Platosa mine in Durango, Mexico.

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QMX Gold drills 196.6 m of 1.78 g/t Au at Bonnefond

QMX Gold Corp. has released results from the continuing deep exploration drilling program on the Bonnefond deposit. Drill hole 17315-20-155 was completed as part of a series of drill holes testing the potential of the deeper portion at Bonnefond. The Bonnefond deposit is located in the Val d’Or East zone of QMX’s extensive land package in Val d’Or, Que.

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Tinka Resources drills 39 m of 9.3% Zn at Ayawilca

Tinka Resources Ltd. has released results of four drill holes from the current drill program at Ayawilca. Three of the holes targeted extensions of indicated resources at West and South Ayawilca (holes A20-170, 171 and 175) while one hole is an infill hole at West Ayawilca (A20-173).

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Canada Nickel drills 308 m of 0.3% Ni at Crawford

Canada Nickel Company Inc. has released encouraging results from the latest drill holes at its Crawford nickel-cobalt sulphide project from its West zone discovery previous announced on Oct. 22, 2020.

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Anaconda Mining produces 18,268 oz Au in 2020

Anaconda Mining Inc. has released production results and certain financial information for the three months and year ended Dec. 31, 2020. The Company expects to file its full audited annual financial statements and management discussion and analysis by March 2, 2021.

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Bonterra drills 5.2 m of 26.6 g/t Au at Gladiator

Bonterra Resources Inc. has provided results from the continuing 16,500-metre drill campaign at its Gladiator project focused on expanding the size and scope of the project as well as improve grade continuity for the upcoming mineral resources update expected this summer. Assays from eight holes received since November 30, 2020 are included in this press release and were highlighted by:Main Zone (Expansion): 26.6 g/t Au over 5.2 m in hole BA-20-29North Zone (Expansion): 15.6 g/t Au over 2.0 m in hole BA-20-23

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Moneta Porcupine to acquire Garrison project in Ontario

Moneta Porcupine Mines Inc. has entered into a definitive share purchase agreement with O3 Mining Inc. pursuant to which Moneta will acquire all of the issued and outstanding shares of Northern Gold Mining Inc., a wholly owned subsidiary of O3 Mining, which owns 100 per cent of the Golden Bear assets, including the Garrison gold project located adjacent to and contiguous with Moneta’s Golden Highway project in the Timmins gold camp.

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O3 Mining to sell Garrison to Moneta for 149.5M shares

O3 Mining Inc. has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc., pursuant to which it has agreed to sell its wholly owned subsidiary, Northern Gold Mining Inc., in exchange for 149,507,273 common shares of Moneta, representing 30.1 per cent of the outstanding Moneta shares. Northern Gold owns 100% of the Golden Bear assets, including the Garrison gold project (“Garrison Project”), in the Kirkland Lake district of the Timmins gold mining camp in Ontario, Canada. Garrison is located adjacent to the Golden Highway Project where Moneta recently declared a mineral resource estimate of 2,144,200 ounces (oz) of indicated mineral resources and 3,335,300 oz of inferred mineral resources.

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Westhaven Increases Bought Deal Public Offering to C$13 Million

VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce that it has agreed with Raymond James Ltd. (the “Underwriter”), in connection with the previously announced bought deal offering of units of the Company (the “Units”) at a price of C$0.70 per Unit, to increase the size of the offering to C$13 million (the “Offering”).

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Orea Mining arranges $1-million private placement

Orea Mining Corp. has arranged a non-brokered private placement for gross proceeds of up to $1-million.

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Amerigo’s MVC produces 56.2M lb Cu in 2020

Amerigo Resources Ltd. has released its 2020 production results from Minera Valle Central, the company’s 100-per-cent-owned operation located near Rancagua, Chile.

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