Metals Update 28/01/2021

Tinka drills 7.8 m of 31.3% Zn, 225 g/t Ag at Ayawilca

Tinka Resources Ltd. has released assay results for seven drill holes from the continuing resource expansion and infill drill program at the Ayawilca project in Peru. Hole A20-177 intersected very high-grade vein-style zinc-silver-lead mineralization outside of the zinc resource at about 100 metres in depth. Three holes (A20-178, 177 and 175) also successfully intersected high-grade manto-style zinc mineralization at the Camp area. Hole A20-179 was an infill hole at the West area that intersected two wide zones of mineralization with better-than-expected zinc grades. The other three holes intersected extensions of zinc-rich mineralization at the South area (holes A20-176, 174 and 172). Tinka has now completed 6,500 metres of the planned 7,500 metres in the resource drilling program. Sixteen holes have been completed with two in progress (A21-185 and 186) and at least two more are planned before the end of the program. Results are now reported for half of the drill holes in the current program.

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Anaconda Mining drills 2.2 m of 4.41% Cu at Tilt Cove

Anaconda Mining Inc. has provided results from the initial stages of a continuing 10,000-metre exploration drilling program at its Tilt Cove gold project, located within the Baie Verte mining district in Newfoundland, approximately 45 kilometres by road from the company’s Pine Cove mill and long-term tailings facility.

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Omineca begins drilling 2,000 m at Mouse Mountain

Omineca Mining and Metals Ltd. has commenced a 2,000-metre drill program at the Mouse Mountain project located approximately 15 kilometres due west of Omineca’s Wingdam gold project in the Cariboo mining district of south-central British Columbia. The diamond drill program is part of the option agreement (see news release dated Oct. 10, 2020) to acquire up to a 50-per-cent interest in Canalaska Uranium Ltd.’s Mouse Mountain project. The program is expected to run for 30 to 45 days.

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Mineral Mountain continues technical studies at Standby

Over the last few months, Mineral Mountain Resources Ltd. has significantly advanced its understanding of underlying geological controls on gold mineralization in the Rochford district and, particularly, in the vicinity of the Standby mine. This has been accomplished through recently completed and ongoing structural, stratigraphic and geochronologic studies, along with the application of innovative geochemical and multi-isotopic vectoring methods. This on-going work continues to highlight the Standby Mine as a significant exploration target with many of the architectural elements needed to host a major gold deposit.

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American Manganese applies to list on OTCQB

American Manganese Inc. has applied to upgrade its position in the public markets and increase its visibility to a wider range of investors by up-listing its common shares listed for trading from the OTC Pink Open Market to the OTCQB market, a U.S. trading platform that is operated by the OTC Markets Group in New York. The listing of the company’s common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.

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