Metals Update 26/01/2021

Eloro drills 257.5 m of 129.6 g/t AgEq at Iska Iska

Eloro Resources Ltd. has released additional results from its diamond drilling program at its optioned Iska Iska silver-polymetallic project in the Potosi department, southern Bolivia. To date, through its Bolivian subsidiary, Minera Tupiza SRL, Eloro has completed 20 holes totalling 5,573 metres from both underground (12) and surface drill holes (eight). Results from the first five underground holes were reported on Nov. 18, 2020. This release reports results for 10 additional holes. Due to the polymetallic nature of the deposit, silver equivalent (AgEq) values have been included for comparative purposes.

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Evergold drills 88.62 m of 0.71 g/t Au at Golden Lion

Evergold Corp. has released the remaining results and has recapped the 2020 drill program on the Golden Lion property in Northern British Columbia. Broad intervals of gold-silver epithermal-style mineralization encompassing higher-grade intervals were intersected in stepouts to earlier reported holes. Inclusive of historical drilling by Newmont, the GL1 Main zone now exceeds 800 metres in strike length. The zone comprises epithermal-style mineralization exposed at surface and associated with a geophysical response that increases with depth below current drill intercepts, suggesting that potentially stronger mineralization, and higher grades, may lie not far below. Evergold is excited to drill this underlying geophysical response in the approaching field season, within a broader program to evaluate extensions along strike.

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Altus Strategies drills five m of 43.83 g/t Au at Diba

Altus Strategies PLC has released further encouraging results from the recently completed 10,308-metre reverse circulation 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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Abraplata drills 61 m of 190.2 g/t AgEq at Diablillos

The latest assays received from five diamond drill holes completed at the Oculto deposit intercepted significant near-surface silver and gold mineralization, on Abraplata Resource Corp.’s wholly owned Diablillos property in Salta province, Argentina. The holes were designed to develop additional shallow resources within the Whittle pit shell as well as to infill and extendthe current estimated mineral resources.

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Magna Gold CEO reviews 2020 in letter to shareholders

Magna Gold Corp. has provided the following letter to all shareholders from the chief executive officer.

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Lithium Chile samples 29.5 g/t Au at Carmona

Lithium Chile Inc. has provided results of 29.5 grams per tonne gold from its third follow-up exploration program on the southern half of the Central anomaly on its 100-per-cent-owned Carmona gold-silver-copper property. This phase of the exploration program was completed during the second week of January.

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Atico Mining drills three m of 34.1 g/t Au at La Plata

Atico Mining Corp. has provided the last results of its 2020 drilling program at the La Plata precious-metal-rich volcanogenic massive sulphide (VMS) project in Ecuador. These results continue to report very encouraging intercepts of volcanic massive sulfides while the new 2021 drill campaign begins in Ecuador.

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Allegiant Gold reviews 2020, talks 2021 plans

Allegiant Gold Ltd. has provided a corporate update and has outlined its goals and objectives for 2021.

Corporate Mission

“Our overriding goal at Allegiant is prove up a multi-million ounce deposit at Eastside, our Flagship project near the town of Tonopah, Nevada, while carefully managing costs and limiting dilution within our share structure,” stated Peter Gianulis, CEO of Allegiant. “We believe we have all the elements to continue expanding the resources at Eastside in a disciplined and methodical manner,” added Mr. Gianulis. Allegiant’s strategy of focusing on Eastside while farming-out its other attractive and non-core projects has provided the Company with a source of income and, thereby, keeping shareholder dilution to a minimum.

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Alpha Lithium adds second drilling rig at Tolillar

Alpha Lithium Corp. has added a second drilling rig, which will immediately move to start phase two of its three-phase drilling program on Alpha’s 100-per-cent-owned, 27,500-hectare Tolillar salar.

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Japan Gold receives Japan OK for prospecting extensions

Japan Gold Corp. has received acceptance from the Japanese Ministry of Economy, Trade and Industry (METI) of 18 new prospecting rights applications covering extensions to the Barrick Alliance, Mizobe and Onoyama-Yamagano projects in the Hokusatsu region of the Southern Kyushu epithermal gold province.

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Kootenay joint venture plans exploration at Cervantes

Kootenay Silver Inc.’s exploration program has been approved by the Cervantes joint venture. The plan calls for a two-phase, $1.13 million CDN exploration program in 2021 for the Cervantes porphyry gold-copper property in Sonora, Mexico. The first phase calls for an $85,000 program of sampling and mapping. The second phase is a $1.05 million dollar drilling program to start sometime in the fall. Aztec and Kootenay recently formed a 65/35 joint venture (“JV”) respectively and the JV Management Committee met last week to review and approve the 2021 program as detailed by the operator in an Aztec news release today and para phrased below.

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Canada Silver completes IP survey at Robinson

Canada Silver Cobalt Works Inc. completed a hole-to-hole induced polarization study earlier this month. The study was conducted on the newly discovered, visually high-grade silver vein intersected in hole CS-20-39.

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Fenixoro Gold continues phase 1 drilling at Abriaqui

Fenixoro Gold Corp. has provided an update on its phase 1 diamond drilling program at its Abriaqui project in Antioquia state, Colombia.

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