Metals Update 18/02/2021

Nighthawk Enters Into Option Agreement To Acquire the Kim & Cass Property, Located 15KM Southwest of Colomac

TORONTO, ON / ACCESSWIRE / February 18, 2021 / Nighthawk Gold Corp. (“Nighthawk” or the “Company“) (TSX:NHK)(OTCQX:MIMZF) is pleased to announce that it has entered into a binding option agreement (the “Option Agreement“), with Geomark Exploration Ltd., (‘Geomark“) a wholly-owned subsidiary of Pine Cliff Energy Ltd., to acquire a 100% undivided leasehold interest in four (4) contiguous mining leases (the “Kim & Cass Property“, a total of 7,588 acres (31km2) that incorporate the historic Kim and Cass zones), immediately adjacent to Nighthawk’s Indin Lake Gold Property, Northwest Territories, Canada.

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GoviEx Updates Madaouela Project Pre-feasibility Study Start-up Capital and Operating Costs Reduced

Vancouver, British Columbia–(Newsfile Corp. – February 18, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx or the Company”) is pleased to announce the results of its updated pre-feasibility study (“Updated PFS“) achieving key objectives set by the Company designed to advance the Madaouela Uranium Project (the “Project”) towards Project financing and development.

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Amerigo Reports Strong 2020 and Q4-2020 Financial Results

VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) — Amerigo Resources Ltd. (TSX: ARG; ARREF:OTC) (“Amerigo” or the “Company”) is pleased to announce financial results for the three months (“Q4-2020”) and year ended December 31, 2020.

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Excellon drills 1.3 m of 1,043 g/t AgEq at Silver City

Excellon Resources Inc. has released diamond drilling results from the 2020 drill program at the Silver City project in Saxony, Germany, with assays from an additional eight holes still outstanding.

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Metallic drills 0.77 m of 1,416.9 g/t AgEq at Keno Hill

Metallic Minerals Corp. has provided results from the first drilling program ever completed on the eastern part of the Keno Hill silver district. Soil sampling and geophysical surveys over the past two years at East Keno identified 12 multi-kilometer-scale anomalies which indicated potential for large-scale mineralization in an underexplored part of the district. The largest of these target areas extend up to five kilometers in length and two kilometers in width with values exceeding 100g/t silver equivalent ("AgEq") in soils. A total of 30 shallow reverse circulation ("RC") holes totaling 2,644 meters (8,674 ft) were drilled in 2020, testing just a small fraction of these recently defined targets, with results confirming the presence of high-grade Keno-style mineralization within broad continuous zones of potential bulk-tonnage silver mineralization. These results expand the known extent of drill-defined Keno-style mineralization by 10 kilometers to the east and south of the historic Keno Hill mine and open this major new area of prospective stratigraphy for exploration.

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Westhaven Adds Second Drill Rig to Its Shovelnose Gold Property

VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce it has added a second drill rig to its 17,623 hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.

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Golden Minerals loses $9.08-million (U.S.) in 2020

Golden Minerals Company has today released financial results for the full fiscal year ending Dec. 31, 2020. All figures are in approximate U.S. dollars.

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