Metals Update 16/02/2021

American Manganese appoints Rudat to advisory board

Jochen Rudat, a former Tesla director for central Europe, has been appointed to American Manganese Inc.’s advisory board.

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Eclipse Gold and Northern Vertex Complete Business Combination

VANCOUVER, BC, Feb. 16th, 2021 /CNW/ – Eclipse Gold Mining Corporation (“Eclipse”) (TSX.V:EGLD) (OTC:EGLPF) is pleased to announce that Eclipse and Northern Vertex Mining Corp. (“Northern Vertex“) have completed the previously announced statutory plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Northern Vertex has acquired all of the issued and outstanding common shares of Eclipse (the “Eclipse Shares“).  It is expected that the Eclipse Shares will be delisted from the TSX Venture Exchange as of the close of trading on or about February 17, 2021.  It is anticipated that Northern Vertex will shortly apply to cause Eclipse to cease being a reporting issuer under applicable Canadian securities laws.

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Avino starts 12,000 m drill program at Avino

Avino Silver & Gold Mines Ltd. has commenced its 2021 drill program and has provided details on a number of important programs that are planned for the year ahead.

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Excellon Provides Operational Update

TORONTO, Feb. 16, 2021 /CNW/ – Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) (“Excellon” or the “Company”) advises that the impact of the ongoing polar vortex in the American southwest is likely to increase operational costs during the first quarter of 2021. The Company’s current energy contract is backed by natural gas. Weather conditions in the southwest United States have affected natural gas production and transport, leading to record high natural gas prices since Friday, February 12th, with unit costs increasing from US$3.00 to over US$300 per mmBtu. These temporarily increased prices impact energy costs at the Platosa Mine. The Company is seeking alternative, lower-cost options in cooperation with its energy provider, but may not be able to confirm such alternatives in an effective timeframe. The increase in prices is expected to be a short term event and the Company expects to return to normal pricing over the coming days as weather patterns normalize. The Company will provide an update in due course.

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FPX Nickel Reports Positive Field Tests Demonstrating Potential for Significant Carbon Capture at Baptiste Nickel Project

VANCOUVER, BC, Feb. 16, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX)(“FPX” or the “Company“) is pleased to report the results of initial field tests which demonstrate the potential for significant direct air carbon capture in tailings at its Baptiste Project in the Decar Nickel District in central British Columbia.  The field tests, conducted by researchers from the University of British Columbia (“UBC”) funded by FPX and the Government of Canada, demonstrate that the Baptiste Project’s tailings can sequester significant quantities of carbon dioxide (“CO2) when exposed to air through a natural process of mineral carbonation.

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Northern Vertex, Eclipse Gold close merger

Northern Vertex Mining Corp. has acquired Eclipse Gold Mining Corp., creating a well-financed gold producer and consolidator, operating entirely in the Western United States. As at Feb. 12, 2021, the combined entity had a cash balance of approximately $18.7-million (U.S.).

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Roscan Gold adds 42 square km to Kandiole

Roscan Gold Corp. has strategically expanded its land package of the Kandiole project, by acquiring the permit to the immediate northwest of the Walia and Moussala major discoveries. This new permit, called Segondo West is a crucial additional 42km square kilometers to the Kandiole Project, for a total land package of 346.8 square kilometers, making Roscan one the largest land holders in the area.

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Gold Terra Announces C$2.88 Million Non-Brokered Private Placement

VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FSE:TX0)( OTCQX:YGTFF) (“Gold Terra” or the “Company”) is pleased to announce that it has arranged to issue, on a non-brokered private placement basis, 8,000,000 flow-through common shares of the Company (the “FT Shares”) at a price of C$0.36 per FT Share for gross proceeds to Gold Terra of C$2,880,000 (the “Offering”).

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Radisson appoints Gentile to board, CEO resigns

Radisson Mining Resources Inc. is making a number of changes to its board and management team, while continuing to strengthen its technical team. Drilling has continued to demonstrate the robust grade and scale potential at O’Brien. The Company believes that the changes to the team and the addition of three new experienced directors will streamline decision making and significantly enhance the Company’s technical and financial strength, in turn positioning the company for the next phase of value creation at O’Brien.

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Dolly Varden drills 45.82 m of 304 g/t Ag at Torbrit

Dolly Varden Silver Corp. has provided the results of the remaining assays from the 2020 drill program from its 100-per-cent-owned property located near tidewater in northwest British Columbia. The work completed during the 2020 Exploration Program included infill and step-out drilling at Torbrit Deposit as well as regional mapping, surface sampling and exploration drilling.

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Eloro Resources Adds Second Rig to Accelerate the Diamond Drill Program at its Iska Iska Property, Potosi Department, Southern Bolivia

TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it is adding an additional drill rig to accelerate its diamond drilling program at its Iska Iska Silver-Polymetallic Project in Potosi Department, southern Bolivia. To date, Eloro has completed 22 holes totalling 6,721m metres from both underground (12) and surface drill holes (10). Results from the first five underground holes were reported on November 18, 2020 and an additional 10 holes were reported on January 26, 2021. Results are pending for an additional 7 holes (Table 1). Figure 1 is a plan map showing locations of the drill holes completed and in progress; Figures 2 and 3 are updated North-South and West-East geological cross sections, respectively.

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Globex Acquires Bald Hill Antimony Deposit, New Brunswick

ROUYN-NORANDA, Quebec, Feb. 16, 2021 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchangesand GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has acquired 100% interest in the Bald Hill Antimony Property located in Queens County, south central New Brunswick, 40 km northwest of the town of Sussex and approximately 60 km southeast of the City of Fredericton.

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ATAC Identifies Multiple Gold-in-Soil Anomalies and Stakes Additional Claims at its East Goldfield Project, Nevada

VANCOUVER, BC, Feb. 16, 2021 /CNW/ – ATAC Resources Ltd. (TSXV: ATC) (“ATAC”) is pleased to provide an update on exploration activities at its road-accessible East Goldfield Property (the “Property”), located in the Goldfield Mining District of Nevada. The Property is approximately 8 km east of Waterton Global Resource Management’s fully permitted and shovel ready Gemfield gold project.

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Evergold firms up option deal for Rockland property

Further to its news release dated Jan. 11, 2021, in connection with the signing of a letter agreement, Evergold Corp. has now entered into a definitive agreement with vendor Enigma Resources LLC for an option to purchase the Rockland, Nevada, gold-silver property. The terms of the Definitive Agreement remain the same as those of the Letter Agreement, details of which may be found in the January 11, 2021 news release. The aggregate consideration for the acquisition of the Rockland Property is comprised of: (i) USD$805,000 in cash, (ii) 500,000 common shares, and (iii) work commitments equal to USD$1,675,000, all payable in installments over a five-year term. At the election of the Company, the final cash installment of USD$500,000 may be paid in common shares at a price per share equal to the greater of USD$0.30 or the volume-weighted average price of the shares traded in the 20 days prior to the date of issuance, for a maximum of 1,666,666 shares.

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IsoEnergy appoints Gabruch as CEO, Parry resigns

IsoEnergy Ltd. has appointed Tim Gabruch as chief executive officer and director of IsoEnergy. Mr. Gabruch will be taking over the role from Craig Parry who will step down as president and chief executive officer and continue to serve the company as a member of the board of directors.

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