Receipt of the Final Order follows Eclipse’s special meeting of securityholders held on February 4, 2021, where the Transaction was overwhelmingly approved by 99.82% of the votes cast by the shareholders of Eclipse and 99.83% of the votes cast by the shareholders and the optionholders of Eclipse voting as a single class.  Closing of the Transaction remains subject to customary closing conditions, including final approval of the TSX Venture Exchange (the “Exchange“). 

The Transaction is currently anticipated to close on February 12, 2021.  Eclipse has applied to the Exchange to delist its common shares (the “Eclipse Shares“) from trading on the Exchange following the closing of the Transaction.  Eclipse will request that trading in the Eclipse Shares will be halted after market close on Thursday, February 11, 2021. Assuming the Transaction closes on February 12, 2021, the common shares of Eclipse are expected to be delisted after market close on or about Tuesday, February 16, 2021.

About Northern Vertex

Northern Vertex Mining Corp. owns and operates the Moss Mine, currently the largest pure gold and silver mine in Arizona. Focused on low-cost gold and silver production, the company has experience across all areas of operations, mine development, exploration, acquisitions, and financing of mining projects. With operations at the flagship Moss, the company intends to consolidate additional producing and exploration gold assets within the Western US. Through mergers and acquisitions Northern Vertex’s corporate goal is to become a mid-tier gold producer.

About Eclipse Gold Mining

Eclipse Gold Mining is exploring the district-scale Hercules gold property within Nevada’sWalker Lane trend. The Hercules property is located only a one-hour drive from Reno and appears to have all the characteristics of a large, low-sulphidation epithermal gold system. The company brings together a team with a track record of extensive M&A and nine successful buyouts totaling $4.6 billion.

ON BEHALF OF THE BOARD OF DIRECTORS OF NORTHERN VERTEX MINING
Kenneth Berry
President, CEO and Director

CORPORATE INQUIRIES:
Kenneth Berry, President, CEO and Director at Northern Vertex
Company Website: www.northernvertex.com
+1 (855) 633-8798 Toll Free
+1 (604) 601-3656 Office
Email: ken@northernvertex.com 

TSXV: NEE | Nasdaq Intl: NHVCF | Frankfurt: 54N | ISIN: CA6660061012 | WKN: A1JUA0

ON BEHALF OF THE BOARD OF DIRECTORS OF ECLIPSE GOLD MINING
Michael G. Allen
President, CEO and Director

CORPORATE INQUIRIES:
Dylan Berg, VP Investor Relations at Eclipse Gold Mining
Company Website: www.eclipsegoldmining.com
+1 (844) 427-6453 Toll Free
+1 (778) 945-3949 Direct
Email: dylan.berg@eclipsegoldmining.com

TSXV: EGLD | OTC: EGLPF | Frankfurt: 43J | ISIN: CA27888R1001 | WKN: A2PYV4

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward Looking Information

All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the closing of the Transaction, the anticipated benefits of the Transaction to Northern Vertex and Eclipse and their respective securityholders, the timing and receipt of receipt of stock exchange approvals for the Transaction, the proposed closing date of the Transaction and the delisting of the Eclipse shares from trading on the Exchange, are forward-looking statements. Although Northern Vertex and Eclipse believe that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since neither Northern Vertex nor Eclipse can give assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the  periodic filings of Northern Vertex and Eclipse with Canadian securities regulators, and assumptions made with regard to: the ability of Northern Vertex and Eclipse to complete the proposed Arrangement; the ability of Northern Vertex and Eclipse to secure the necessary legal and regulatory approvals required to complete the Arrangement; the estimated costs associated with the advancement of the projects of Northern Vertex and Eclipse; and the ability of Northern Vertex and Eclipse to achieve the synergies expected as a result of the Arrangement. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the expectations of Northern Vertex and Eclipse include risks associated with the businesses of Northern Vertex and Eclipse; risks related to the satisfaction or waiver of certain conditions to the closing of the Transaction; non-completion of the Transaction; risks related to reliance on technical information provided by Northern Vertex and Eclipse; risks related to exploration and potential development of Eclipse’s projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Northern Vertex’s and Eclipse’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Northern Vertex and Eclipse do not undertake any obligation to update forward looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

SOURCE Northern Vertex Mining Corp.

 View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2021/10/c0682.html

© 2021 Canjex Publishing Ltd. All rights reserved.

Andy Britton, Pan Mine's General Manager, commented, "I am extremely proud of the workforce at the Pan Mine! The achievement of one million hours worked without a lost time injury has not been without its challenges, making it that much more of an amazing accomplishment. We have overcome the hurdles of restarting the mine, establishing a new company, and, of late, managing through a pandemic. This should speak volumes for how amazing the employees are that work at Pan. Together, we have accomplished not only a safe mine but an environmentally sound mine as well. We have proven that a mine can be permitted and operated in compliance with modern safety and environmental regulations. To complement these achievements, many of the miners working at the Pan Mine are actively involved in the community in various capacities. From coaching youth sports and helping with school fundraising to volunteering at community food banks and a wide variety of other programs. We are an active member within our community and will continue to be so for years to come."

Ross MacLean, Fiore Gold's Chief Operating Officer added, "I am incredibly proud of our Pan operation for reaching one million hours worked without a lost time injury. Our employees accomplished this despite the additional challenges of the COVID pandemic which reflects the focused dedication by each and every employee and contractor at Pan to reach this milestone. Our company clearly demonstrates how a proactively safe operation also contributes to the Company's productivity and profitability."

Corporate Strategy

Our corporate strategy is to grow Fiore Gold into a 150,000 ounce per year gold producer. To achieve this, we intend to:grow gold production at the Pan Mine while also growing the reserve and resource base;advance exploration and development of the nearby Gold Rock project; andacquire additional production or near-production assets to complement our existing operations.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or the “Company”) announces that it has expanded the size of the Treasure Creek and Ester Dome gold projects and has staked numerous other claim blocks throughout the Fairbanks Gold District. The claims are subject to purchase agreements with soon-to-be-listed Felix Gold Ltd. Felix Gold is currently a private Australian company that is expected to gain a listing on the Australian Securities Exchange (“ASX”) in the coming months. Millrock has assigned its rights to Felix Gold in return for a large equity stake in the company once it is listed on the ASX, as announced in Millrock’s January 12th, 2021 press release.

Felix Gold Managing Director Joseph Webb commented, “We are honored to be working with the Millrock team. They have assembled a great land package and bring an extensive understanding of Alaska gold districts and local operational expertise. Felix Gold, through the Mines Discovery Fund backers, brings an outstanding technical team with global experience and significant commercial strength. The Fairbanks Gold District is underexplored and has real potential for multiple new gold deposit discoveries. Millrock is positioned at the center of what we envision as the next wave of major gold discoveries in the Fairbanks Gold District, which features Kinross’s Fort Knox gold mine and significant alluvial gold production.”

Under the terms of the agreement, in addition to the equity stake in Felix Gold, Millrock will be entitled to cash payments in the form of Advanced Minimum Royalty (“AMR”) payments that can later be deducted from Net Smelter Return (“NSR”) production royalties, if a mine is developed. Any claims released from the agreement by Felix Gold will be returned to Millrock.

Felix Gold and Millrock are building an outstanding team of practical exploration geoscientists with local and global expertise. The teams will work in a collaborative manner to assess the entire Fairbanks area. The group intends to aggressively explore the Fairbanks area and make new gold discoveries. The claims are in close proximity to Kinross’ Fort Knox gold mine which has produced more than 8 million ounces of gold and has substantial resources for future production (source: Kinross Gold Corporation website). The Treasure Creek project and other recently staked claims are also in close proximity to the Golden Summit project, which is operated by Freegold Ventures Limited (“Freegold”). Freegold announced excellent drill results in 2020 that resulted in substantial share price appreciation.

Figure 1:Project Location Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/91aaf76b-89da-4d13-a70c-87be61d41236. The projects are situated close to the mining and transportation hub of the City of Fairbanks in the Fairbanks Northstar Borough.

Figure 2: Fairbanks Gold District Claim Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d0ac1c2-0d66-4601-bd62-3ff8e309b33d. Claims staked by Millrock and now controlled by Felix Gold are shown in blue. The claims cover in excess of 20,200 hectares of mineral rights that contain numerous gold prospects.

Exploration in the Fairbanks Gold District is already underway. With funding from Felix Gold, an airborne magnetic survey was completed in December on the Treasure Creek project. Results have been received and are being reviewed into the historic proprietary and public geological database that has been assembled. Strong drill targets are emerging and plans are being made to begin drilling at the earliest opportunity. An initial test with rotary drilling followed by deeper reverse circulation drilling is envisioned.

Figure 3:Airborne magnetic map from recently completed survey is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac8628ff-dc4b-4770-8d66-7f27d11b5c7c. The magnetic map indicates areas of intrusive rocks and structures that assist in tracing gold mineralization. Historic prospect locations are shown.

Millrock President & CEO Gregory Beischer commented, “We are building a great exploration team that will be dedicated to responsibly and effectively exploring the Fairbanks District for gold deposits. While there is a lot of advance work to do, such as the recently completed airborne geophysical survey, discoveries are made with the drill bit. We look forward to getting started on our drilling programs as soon as possible, and Treasure Creek is a great place to start. The prospects we will drill are literally within sight of the great Fort Knox gold mine and we have great indications of gold beneath the Treasure Creek claims.”

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed, and approved by Gregory A. Beischer, President, CEO, and a director of Millrock Resources. Mr. Beischer is a qualified person as defined in NI 43-101. Mr. Beischer has reviewed drill core and assay results from the historic drilling and is satisfied that the results reported are accurate.
  
About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages, and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada, and Sonora State, Mexico, and is a significant shareholder of junior explorer ArcWest Exploration Inc. as well as a shareholding in Resolution Minerals Limited. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, and, Altius, as well as junior explorers Resolution, Riverside, PolarX, and Felix Gold.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation) including without limitation the intention to mount further exploration including drilling in 2021. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.

Figure 1: Project Location Map. The projects are situated close to the mining and transportation hub of the City of Fairbanks in the Fairbanks Northstar Borough.

Figure 1: Project Location Map. The projects are situated close to the mining and transportation hub of the City of Fairbanks in the Fairbanks Northstar Borough.Figure 2: Fairbanks Gold District Claim Map. Claims staked by Millrock and now controlled by Felix Gold are shown in blue. The claims cover in excess of 20,200 hectares of mineral rights that contain numerous gold prospects.

Figure 2: Fairbanks Gold District Claim Map. Claims staked by Millrock and now controlled by Felix Gold are shown in blue. The claims cover in excess of 20,200 hectares of mineral rights that contain numerous gold prospects.Figure 3: Airborne magnetic map from recently completed survey. The magnetic map indicates areas of intrusive rocks and structures that assist in tracing gold mineralization. Historic prospect locations are shown.

Figure 3: Airborne magnetic map from recently completed survey. The magnetic map indicates areas of intrusive rocks and structures that assist in tracing gold mineralization. Historic prospect locations are shown.

© 2021 Canjex Publishing Ltd. All rights reserved.

Initial Fall 2020 Program Highlights:

• Initial results are from the first two holes drilled in the immediate NE IP Target area in over 25 years.
• Results confirmed that the NE IP chargeability anomaly corresponds to a large new sediment-hosted, sulfide-rich hydrothermal system with locally significant gold and silver values, in contrast with the mainly volcanic and intrusive-hosted gold mineralization found at the Douay mineral resource area.
• Hole DO-20-285 intercepted multiple gold showings including 2.52 g/t Au over 1 m and 1.29 g/t Au over 0.8 m, along with significant silver (up to 68.2 g/t) and anomalous arsenic, copper (up to 0.19%), antimony, and tellurium.
• Hole DO-20-284 encountered several narrow zones of gold mineralization between 0.1 and 0.8 g/t Au from 68 to 278 m downhole, along with significant silver (up to 43.7 g/t) and anomalous arsenic, copper (up to 0.15%), antimony, and zinc (up to 0.65%).

“To encounter semi-continuous sulfide mineralization over up to 350 metres downhole along with several gold and silver showings in the first two holes drilled into the highly prospective, 2-km-long NE IP Target area is very encouraging,” stated Fred Speidel, Maple Gold’s VP Exploration. “We are also pleased to report that the JV’s inaugural Winter 2021 drill campaign is underway, which will include further drilling at the NE IP Target. This demonstrates the commitment of the JV not only to expanding mineralization in and around the established gold resource at Douay but also to the systematic process required in making significant, new grassroots discoveries across the JV’s 400 km² joint Douay-Joutel property package.”

NE IP Initial Results

The first two holes of the Fall 2020 campaign were regional exploration holes drilled to test the southwestern portion of the NE IP Target, a 2 x 0.7 km chargeability anomaly located approximately 4 km northeast of the Douay mineral resource (see news from October 22, 2020). The holes were drilled 160 m apart and encountered broad zones of nearly continuous sulfide mineralization associated with highly deformed (sheared) quartz-sericite-pyrite altered sedimentary rocks of the Taïbi Group, starting from top of bedrock to about 350 m downhole.

As a result of these encouraging signs, a second drill rig was brought in and two additional holes were drilled on the same system, with the four completed holes covering 1.1 km of the chargeability anomaly’s >2 km strike length (see figure 1).

Gold results are complete for the first two holes with multi-element assays complete for the first hole and partially complete for the second hole. Assays for the last two holes at the NE IP Target are currently pending. Portable XRF gun results show mineralization is typically anomalous in silver, arsenic, copper, antimony and zinc.

Fig. 1: NE IP chargeability target on tilt magnetic base from late 2020 high resolution airborne magnetic survey. Note frequent association between Au-Ag zones with magnetic lows. Highlighted drill hole labels represent the two holes for which results are reported in this press release and only assays over 0.5 g/t Au are shown. Interpreted drill target areas (in checkered areas) are open to W and to E and additional zones are expected with further drilling.

To view an enhanced version of Fig. 1, please visit:
https://orders.newsfilecorp.com/files/3077/74104_86ca509954bc6bec_001full.jpg

Hole DO-20-285 was the southwestern-most hole out of the four holes drilled. Gold mineralization is broadly associated with abundant sulfides (reflected in elevated sulfur contents from 1% to over 5%). The best new gold showings included 2.52 g/t Au over 1 m from 65 m downhole, together with anomalous silver (up to 68.2 g/t), arsenic (up to 0.06%), copper (up to 0.19%), antimony (up to 0.03%), molybdenum (up to 0.007%) and tellurium (up to 47.1 ppm). A further intercept from 323 m downhole returned 1.29 g/t Au over 0.8 m. See drill results table towards the end of this press release for more details.

Hole DO-20-284 encountered several narrow zones of gold mineralization between 0.1 and 0.8 g/t Au from 68 to 278m downhole. These were also associated with elevated sulfur, as well as silver (up to 43.7 g/t), arsenic (up to 0.06%), copper (up to 0.15%), antimony (up to 0.04%) and zinc (up to 0.65%). These pathfinder elements are distinct from what is seen at the Douay mineral resource area and are comparable to those observed at the past-producing, high-grade Vezza gold mine, located 12 km east of Douay (disclaimer: mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property).

Once the assays become available for the remaining two holes at the NE IP Target, Maple Gold’s technical team expects to be able to vector towards higher and more continuous gold grades within the large chargeability anomaly (>2km) currently being tested. A further three holes have been approved for drilling and are expected to be completed as part of the JV’s 2021 Winter drill campaign.

Multiple additional assay results remain outstanding at the various other holes drilled in the Fall 2020 drill program and will be reported once results are received, vetted, compiled and interpreted. See figure 2 for location of all holes drilled during the campaign.

Figure 2: Fall 2020 drill location map

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3077/74104_86ca509954bc6bec_002full.jpg

Winter 2021 Drill Program

The JV’s Winter 2021 drill program is expected to total approximately 10,000 metres and is aimed at expanding mineral resources at Douay through step-out and select infill drilling at existing mineral resource zones as well as targeting new discoveries at regional exploration targets. The program will include approximately 20-30 holes broadly distributed across regional targets and various zones at the established mineral resource at the Douay project.

The program is now underway with a single drill rig and a second drill rig is expected to be added in the coming weeks. The JV is currently determining the sequencing of drill sites from the priority list of proposed holes.

Joint Venture Structure & Funding

As laid out in the Definitive JV Agreement between Maple Gold and Agnico (see news from February 3, 2021), Maple Gold’s VP Exploration is the JV’s General Manager and has direct oversight of the exploration work that is underway by Maple Gold’s exploration team at site. All programs are designed in collaboration with Agnico’s expert technical team, which has been exploring and operating in the Abitibi region of Quebec for decades.

As part of the JV agreement, Agnico will fund an aggregate of C$18 million of JV expenses over a four-year period, which includes the entire Winter 2021 drilling program.

Initial NE IP Drill Results

Table 1: NE IP Drill Results (Holes DO-20-284 & DO-20-285)

To view an enhanced version of this table, please visit:
https://orders.newsfilecorp.com/files/3077/74104_86ca509954bc6bec_003full.jpg

Notes: As this is still preliminary drilling on the mineralization at the NE IP target, the exact shape and true width cannot be determined with certainty at this time. The core lengths obtained may not reflect the true width of the mineralization. In the above table, true widths of intersections are estimated at approximately 90% of the core interval.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc., P. Geo., Vice-President Exploration of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this press release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drillhole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the Val d’Or, QC, SGS laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC webpage at www.maplegoldmines.com.

About Maple Gold

Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in Quebec’s prolific Abitibi Greenstone Gold Belt. The project benefits from exceptional infrastructure access and boasts ~400 km2 of highly prospective ground including an established gold resource that holds significant resource expansion potential as well as the past-producing Telbel mine.

The property also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. The Company is well capitalized and is currently focused on carrying out aggressive exploration programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi. For more information, please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President & CEO

For Further Information Please Contact:

Ms. Shirley Anthony
Director, Corporate Communications

Cell: 778.999.2771
Email: santhony@maplegoldmines.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Forward Looking Statements:

This press release contains “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about exploration activities at the Douay and Joutel gold projects. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74104

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