Ynvisible, SpotSee partner for temperature indication
Ynvisible Interactive Inc. has arranged its first customer collaboration to bring new temperature indication solutions to market with SpotSee, the global leader in shock, vibration and temperature monitoring through low-cost connectivity and data. Both companies are partners in the Charisma project, funded by the European Union Horizon 2020 Marie Sklodowska-Curie Actions program.
Read More“The global demand for temperature tracking and indicators is increasing and has been further highlighted with the global impacts of COVID-19. SpotSee is a global leader at providing solutions to deter, detect and diagnose adverse conditions in supply chain and operations through our wide range of smart-label solutions. We’re looking forward to expanding our solutions offering,” said Tony Fonk, chief executive officer SpotSee.
Cold-chain and temperature-controlled shipment for monitoring the storage of goods such as blood bags, premium foods, biomaterials and medicines use temperature indication smart-label solutions. Ynvisible’s displays are integrated into those smart labels and then applied on the surface of or inside logistics packaging, allowing users to observe signals with their naked eye.
“Our collaboration will help us realize real synergies between SpotSee’s expertise and leadership in the cold-chain and monitoring supply chain and Ynvisible’s ultralow-power, thin and flexible display technology,” said Michael Robinson, chief executive officer, Ynvisible Interactive. “Through our roll-to-roll manufacturing capability, technology know-how and networks, we make it easy for our customers to unlock revenue-enhancing opportunities.”
The Charisma project is co-ordinated by the Institute of Organic Chemistry, Vienna University (Austria), includes Universidade Nova de Lisboa (Portugal), Tampere University (Finland), plus other partner companies, Science Made Simple, Packdesign ID Oy and Trelic Oy.
About Ynvisible Interactive Inc.
Ynvisible aims to be a leading company in the emerging printed and flexible electronics sector. Given the cost and power-consumption advantages over conventional electronics, printed electronics are a key enabler of mass adoption of the Internet of things and smart objects. Ynvisible has the experience, know-how and intellectual property in electrochromic materials, inks and systems. Ynvisible’s interactive printed graphics solutions solve the need for ultralow-power, mass-deployable and easy-to-use electronic displays and indicators for everyday smart objects, IoT devices and ambient intelligence (intelligent surfaces). Ynvisible offers a mix of services, materials and technology to brand owners developing smart objects and IoT products.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.
Generation starts 8,000 m drill program at Marathon
Generation Mining Ltd. has signed a contract with Boart Longyear Canada for an 8,000-metre exploration drilling program on its Marathon palladium-copper project in Northwestern Ontario. The drill and crew have mobilized to site and drilling is under way on the first hole at the Central Feeder zone target. Two phases of drilling are planned. The winter program is under way; targets for the summer drill program are in the development stage.
Read MoreThe winter phase of the program will comprise approximately 3,000 metres and is designed to follow up on high-grade, ramp-accessible drill results obtained from the recently completed 2020 drilling program of the Central Feeder zone. Highlights from the 2020 drill program (see news release of Jan. 5, 2021) include drill intercepts of up eight metres grading 3.86 grams per tonne palladium (Pd), 1.36 g/t platinum (Pt), 0.43 per cent copper (Cu) within 43 metres grading 2.82 g/t palladium equivalent (PdEq). The 2020 program also located, by way of downhole electromagnetic surveys completed by Crone Geophysics, two off-hole electromagnetic conductors, which may be in response to massive sulphide accumulations on the floor of the Central Feeder zone. These conductors may be similar to the 16-metre interval of net-textured to massive sulphides intersected in hole M-20-543 (see news release of Oct. 29, 2020).
Initial testing of two other areas is also planned for the winter drill program. These include the Chonolith zone, located north of the Main zone, where historical drilling (2006) in this area yielded results, which suggest the potential for wide zones of Pd and Cu mineralization, similar to hole BO-06-20, which assayed 0.93 g/t Pd and 0.58 per cent Cu over a 100.5 m interval (from 215.8 m to 316.3 m downhole). The collar location of the planned hole in this area is a 50 m southerly stepout from hole BO-06-20.
Additionally, three holes are planned to test the westerly downdip extension of the Southern W horizon of the Marathon deposit. The high-grade Southern W horizon is defined by a cluster of more than 20 drill holes with the Marathon deposit. The best intercept from within the 20-hole cluster was 0.83 g/t gold, 4.79 g/t Pt, 15.77 g/t Pd and 0.21 per cent Cu over 10 metres in hole M-07-304, from 6.0 m to 16.0 m downhole and equivalent to 20.34 g/t PdEq (see news release of Oct. 8, 2019). The three holes will be drilled from one set-up situated approximately 100 m west of the deposit’s western margin.
Generation Mining’s chief executive officer, Jamie Levy, stated: “We are excited to follow up on the positive drill results from the summer 2020 program. The 2020 program also gave us two very prospective off-hole conductor targets further downdip within the Central Marathon Feeder zone, which will be part of this program. We are also very excited to test the possible downdip extension in the high Pd grade Southern W horizon as well as begin evaluating the Chonolith zone. All three areas have the potential to host ramp-accessible resources immediately adjacent to the Marathon deposit.”
All three exploration drill target areas are external to the resource inventory provided by the most recent preliminary economic assessment (PEA) completed on the Marathon deposit by P&E Mining Consultants Inc., which has an effective date of Jan. 6, 2020, and is available on SEDAR.
All three areas would be potentially ramp accessible from any potential future open-pit operations, which are currently the subject of a feasibility study, which is scheduled to be released during the first quarter of 2021.
Qualified person
Rod Thomas, PGeo, company vice-president, exploration, and a director, has reviewed and approved the scientific and technical information contained in this news release. Mr. Thomas is a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Generation Mining Ltd.
Generation Mining’s focus is the development of the Marathon project, the largest undeveloped platinum group metal mineral resource in North America. The marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. Generation Mining owns an 80-per-cent interest in the Marathon project, with the remaining interest owned by Sibanye Stillwater. Sibanye Stillwater has certain back-in rights that allow it to increase its interest in the Marathon project back up to 51 per cent in certain circumstances and subject to certain conditions after such time as Generation Mining has earned its 80-per-cent interest (see the company’s news release of July 11, 2019, for more details).
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.
Eloro drills 33.25 m of 114.43 g/t AgEq at Iska Iska
Eloro Resources Ltd. has provided further diamond drill results from its Iska Iska silver-polymetallic project in Potosi department, southern Bolivia. To date, Eloro has completed 22 holes totalling 7,185 metres from both underground (12) and surface drill holes (10). Currently a steeply inclined deep hole, DSB-06, is in progress to test the Santa Barbara Breccia Pipe (“SBBP”) at depth. This release reports results from the last two underground holes (DHK-16 and DHK-17) and the first radial surface hole from SBBP (DSB-01). Results from the first deep radial hole, DSB-02, are delayed for reasons discussed below.
Read MoreResults for Holes DHK-16, DHK-17 and DSB-01 are listed in Table 1. Due to the polymetallic nature of the deposit, silver equivalent (“Ag eq”) values have been included for comparative purposes. Pending holes are listed in Table 2. Figure 1 is a plan map showing locations of the drill holes completed and in progress with holes in this release highlighted. Figure 2 is a North-South geological cross section of the SBBP.
Highlights of the SBBP drill results are as follows:
Underground Drill Holes
67.39 g Ag eq/t over 213.10m including 205.17 g Ag eq/t over 13.04m in Hole DHK-16 drilled at -10 degrees 50m southwest and parallel to Hole DHK-14 (see press release January 26, 2021)
279.82 g Ag eq/t over 8.57m, 74.21 g Ageq/t over 52.93m and 121.61 g Ag eq/t over 37.85m in Hole DHK-17 drilled at -50 degrees 50m southwest and parallel to Hole DHK-15 (see press release January 26, 2021)
Radial Surface Drill Hole
114.43 g Ag eq/t over 33.25m in Hole DSB-01 drilled at -45 degrees south
Eloro also received preliminary analytical results from Hole DSB-02, drilled at -60 degrees south from the radial setup at SBBP. As previously reported, this hole intersected 332m of mineralized breccia in the adjacent Central Breccia Pipe (“CBP”) from 300m to the end of the hole at 632m with the breccia open at depth. Preliminary analytical results indicate that the CBP is chemically distinct from the SBBP. The metal association seen in the lower part of this hole, especially the last 15 m, sees associated Sn (tin) up to 0.23%, Ag (silver) up to 13.3 grams per tonne (gpt) and Au (gold) up to 0.89 gpt with considerably lower Pb (lead), up to 0.052%, and Zn (zinc), up to 0.292%, than what has been seen in the SBBP. Eloro considers that this style of mineralization is more closely aligned with large tin porphyries in the region and that a similar porphyry potentially underlies the CBP and perhaps more of the Iska Iska project area.
Eloro has determined that its current assay protocol is not suited for the style of mineralization described above, especially given the persistent elevated Sn levels seen in recent drilling. Therefore, the Company is changing the assay protocol to utilizing X-ray fluorescence (XRF) to more accurately analyze higher Sn. Tin in the CBP is suspected to occur as cassiterite which is insoluble in acid digestion, and therefore not suited for wet chemical techniques. In addition, other assay protocols are being changed to provide for a more accurate measurement of the wide-ranging suite of polymetallic metals at Iska Iska. Results from Hole DSB-2 will be reported once these more accurate results are available. Unfortunately, the ASL Global laboratory in Lima where the Iska Iska samples are being analyzed has had major delays in turnaround time due to the impact of the recent COVID-19 lockdown of Lima by the Peruvian government. This has restricted availability of critical supplies necessary to carry out analytical work. As a result, there will be delays in reporting of assay results.
Dr. Bill Pearson, P.Geo., Eloro’s Executive Vice President Exploration, commented: “We are seeing increasing evidence of an Sn porphyry at a much shallower depth than previously thought. The SBBP is a major Ag-Zn-Pb target whereas CBP is looking more like an Sn-Ag-Au target. In the Huayra Kasa underground workings we identified a third major target, high-grade Au-Bi. Clearly we have a large scale complex multiphase porphyry-epithermal system driven by a major porphyry at depth.” Dr. Pearson continued: “Our second drill will commence shortly with first pass drilling of the 700m longitudinal extent of the CBP from both the north and south setup areas. The drill currently at SBBP will complete the deep hole then we will follow up areas of higher-grade mineralization in the vicinity of Hole DHK-15 and follow up on the major extension of the SBBP to the west. Drilling will be designed in consultation with Micon International to optimize future resource estimation. Preliminary metallurgical tests have also been initiated with Micon.”
Dr. Osvaldo Arce, P.Geo., Manager of Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., and an expert on Bolivian geology commenting on the style of mineralization at Iska Iska compared to other major polymetallic deposits in the region said: “Hole DSB-02 intersected at its bottom significant grades ??of Sn and Au, which is characteristic of other deposits in the district such as Chorolque, located 25 km northwest of Iska Iska. At Iska Iska, the Huayra Kasa breccia pipe could be peripheral higher-level epithermal mineralization with predominantly Zn, Pb, Ag and Au. The SBBP west of Huayra Kasa is likely an intermediate zone with telescoped polymetallic mineralization of Ag, Sn, Zn and Pb. The CBP with Sn-Au association could constitute the core zone similar to the Chorolque tin deposit.”
Dr. Arce continued: “The Au-Bi mineralization outlined in the underground workings of Huayra Kasa and in the beginning of hole DHK-05 is also characteristic of mineral deposits in the district such as Tasna, located 50 km northwest of Iska Iska, In the case of Iska Iska, the mineralized system has a high degree of preservation of the entire porphyry-epithermal system. This is due to proximity of the erosionally resistant basement quartz sandstones and the pervasive silicification within the breccia pipes which prevented significant erosion of the volcanic edifice as compared to other major polymetallic deposits in the district.”
Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to Eloro, commented: “The preliminary results for hole DSB-02 strongly suggest we are rapidly approaching an underlying Sn-Ag-Au porphyry system as we test the deeper part of the CBP area. Given the strong Sn as cassiterite component of this mineralization, we have had to step back and rethink our analytical protocols to analyze this exciting newly discovered porphyry mineralization. This coupled with the struggles at the lab in Lima have resulted in delays in getting numbers out. These delays are anticipated to subside as Peru bounces back from the latest COVID-19 surge. In the meantime, we are quickly seeing Iska Iska grow dramatically through mineralized intercepts encountered in recent drilling.”
Table 1: Significant Assay Results Holes DHK-16, DHK-17 and DSB-01, Santa Barbara Breccia Pipe, Iska Iska:
Note: True width of the mineralization is not known at the present time, however based on the current understanding of the relationship between drill orientation/inclination and the mineralization within the breccia pipes and the host rocks such as sandstones and dacites, it is estimated that true width ranges between 70% and 90% of the down hole interval length but this will be confirmed by further drilling.
Metal prices and conversion factors used for calculation of g Ag eq/t are as follows:
ElementPrice (per kg)Ratio to Ag Sn $28.00 0.032 Pb $2.10 0.0024 Zn $2.80 0.0032 Cu $8.80 0.01005714 Au $57,400.00 65.60000 Bi $12.76 0.01458286 Cd $5.50 0.00628571 In $305.00 0.34857143 Ag $875.00 1.00000
Table 2: Summary of Diamond Drill Holes at Iska Iska from press release of February 16, 2021 with assays pending. Hole No.TypeCollar EastingCollar NorthingAzimuthAngleHole Length m Santa Barbara Breccia Pipe - Surface Radial Drilling from Centre DSB-02 S 205118.9 7656205.7 180 -60 632.50 DSB-03 S 205118.9 7656205.7 90 -60 515.30 DSB-04 S 205118.9 7656205.7 0 -60 536.40 DSB-05 S 205118.9 7656205.7 270 -60 611.20 DSB-06 S 205118.9 7656205.7 210 -80 In progress TOTAL 2295.4
S = Surface
Total drilling completed since the start of the program on September 13, 2020 is 7,185 m in 12 underground holes,10 surface holes and one (1) surface hole in progress as of end of day shift, February 22, 2021.
Qualified Person
Dr. Osvaldo Arce, P. Geo., Manager of Minera Tupiza S.R.L., and a Qualified Person in the context of National Instrument 43-101 (NI 43-101), has reviewed and approved the technical content of this news release. Dr. Bill Pearson, P.Geo., Executive Vice President Exploration Eloro, and who has more than 45 years of worldwide mining exploration experience including extensive work in South America, manages the overall technical program in consultation with Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to Eloro and Independent Technical Advisor, Mr. Charley Murahwi P. Geo., FAusIMM of Micon International Limited. Drill samples are prepared in ALS Bolivia Ltda’s preparation facility in Oruro, Bolivia with pulps sent to the main ALS laboratory in Lima, Peru for analysis by fire assay for gold and silver as well as 31 element ICP. Over limits from ICP are analyzed by XRF. Eloro employs an industry standard QA/QC program with standards, blanks and duplicates inserted into each batch of samples analyzed with selected check samples sent to a separate accredited laboratory.
About Iska Iska
Iska Iska silver polymetallic project is a road accessible, royalty-free property, wholly-controlled by the Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. The property can be classified as a silver polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) and porphyry-epithermal complex. This is an important mineral deposit type in the prolific South Mineral Belt of Bolivia.
Silver polymetallic mineralization at Iska Iska occurs within a Miocene possibly collapsed/resurgent caldera that consists of granodioritic stocks and five (5) dacitic domes which are each about 500m in diameter. These rocks intrude/extrude an intensely deformed sequence of Ordovician shales, siltstones, and sandstones, which are partially covered by Miocene pyroclastic rocks. The silver polymetallic mineralization occurs mainly as veins, vein swarms, veinlets, stockworks, disseminations and in breccias associated with intense hydrothermal alteration. The Iska Iska dome complex has several major phases of igneous breccias, quartz porphyries, dikes and dacitic syn-kinematic flows.
On November 18, 2020 Eloro announced the discovery of a significant breccia pipe with extensive silver polymetallic mineralization just east of the Huayra Kasa underground workings and a high-grade gold-bismuth zone in the underground workings. Diamond drilling intersected a number of extensive mineralized intersections within the major breccia pipe including 54.48 g Ag/t, 1.45% Zinc (Zn) and 1.60% Lead (Pb) over 16.39m (140.91 g Ag eq/t) within a broader interval of 122.74m grading 14.29 g Ag/t, 0.81% Zn and 0.41% Pb (53.67 g Ag/t eq) in Hole DHK-04 (see press release November 18, 2020).
The high-grade gold-bismuth zone outlined in channel samples in the underground working averaged 7.1 g Au/t and 0.2% Bi (8.29 g Au eq/t) over 3.04m width for strike length of 47m. Hole DHK-05 on the strike extension of the high-grade Au-Bi zone intersected 6.51g Au/t, 0.07% Bi and 31.96 g Ag/t (7.68 g Au eq/t) over 11.85m grading including 29.56 g Au/t,0.26% Bi/t and 63.69 g Ag/t (31.94 g Au eq/t) over 2.31m in this high-grade zone.
On January 26, 2021, Eloro announced significant results from drilling at the Santa Barbara Breccia Pipe. Highlights are as follows:
129.60 g Ag eq/t over 257.5m (29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu, 0.056%Sn, 0.0022%In, 0.0064%Bi and 0.0083%Cd) from 0.0m to 257.5m in hole DHK-15, the deepest of the three holes reported within the SBBP;
79.00 g Ag eq/t over 121.33m (21.77g Ag/t, 0.034g Au/t, 0.35%Zn, 0.23%Pb, 0.18%Cu, 0.056%Sn, 0.0011%In, 0.004%Bi and 0.0055%Cd) from 0.0m to 121.33m in Hole DHK-14 within the SBBP;
74.16 g Ag eq/t over 40.88m (33.43g Ag/t, 0.032g Au/t, 0.04%Zn, 0.33%Pb, 0.13%Cu, 0.045%Sn, 0.0010%In and 0.0012%Bi) from 30.40m to 71.28m in Hole DHK-13 which is within the approximately 100m wide mineralized envelope that surrounds the breccia pipe.
Silver-polymetallic mineralization within the Iska Iska system occurs over a potential strike length of more than 2.5km along major ring structures in the caldera complex. A synchrotron study of the underground channel samples (see press release dated June 25, 2020) concluded that the mineral cluster analysis identified four mineralogical domains that cover the entire sampling area suggesting they are related and represent a single, large mineralizing system. Furthermore, the mineralogy of the domains is consistent with minerals identified in hand specimen and are likely related to a telescoped porphyry/epithermal style of mineralization.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.
Cartier Signs Letter of Agreement with SOQUEM to Own 100% of the Fenton Property
VAL-D’OR, Quebec, Feb. 23, 2021 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces the execution of a binding letter of agreement with SOQUEM Inc. (“SOQUEM”) for the acquisition by Cartier of all the rights and interests of SOQUEM (i.e. 50%) in a group of 14 mining claims located 50 km southwest of Chapais. These claims are currently held under a 50-50 joint venture. The acquisition is made for a purchase price of $700,000 payable as follows: (a) an amount of $300,000 in cash and (b) an amount of $400,000 represented by the issuance of common shares of Cartier at a price per share equal to the volume weighted average price (VWAP) for a period of five (5) trading days prior to the closing date of the transaction.
Read MoreIn addition, SOQUEM will transfer to Cartier all of its rights and interests in a group of five (5) contiguous claims, which will allow Cartier to hold 100% of an expanded property consisting of 18 mining claims (the “Fenton Property”). Cartier will grant SOQUEM a 1% net smelter return (NSR) royalty on the Fenton Property, which can be bought back at any time by Cartier for an amount of $1,000,000 (the “Fenton Royalty”). Cartier will have a right of first refusal with respect to any future disposition to a third party by SOQUEM of the Fenton Royalty, subject to certain exceptions. In addition, as part of this transaction, Cartier has agreed to transfer to SOQUEM all of its rights and interests in a group of 39 claims comprising the Cadillac Extension Property. SOQUEM will grant Cartier a 1% NSR royalty on the Cadillac Extension Property, which may be bought back at any time by SOQUEM for a consideration of $1,000,000.
The closing of the transaction will be subject to various conditions, including the receipt by Cartier of the required approvals from the TSX Venture Exchange and the execution of a definitive agreement.
Highlights of the Fenton Property:
- The Fenton Property hosts the Fenton gold deposit.
- This mineralization has all the typical characteristics sought by Cartier, as at the Chimo Mine and Benoist Projects that could rapidly outline high-tonnage mineralization.
- The Fenton Property, which is easily accessible via forestry road, is located near the mills of the Langlois and Bachelor mines and the future mill of Osisko Mining’s Windfall Project.
About SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. A proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.
About Cartier
Cartier Resources Inc., founded in 2006, is based in Val-d’Or, Quebec. This province has consistently ranked as one of the world’s best mining jurisdictions, primarily because of its favourable geology, attractive fiscal environment and pro-mining government.
- The Company has a strong cash position with more than $12 million and a significant corporate and institutional endorsement, including Agnico Eagle Mines, Jupiter Asset Management and Quebec investment funds.
- Cartier’s strategy is to focus on gold projects with features that offer the potential for rapid growth.
- The Company holds a portfolio of exploration projects in the Abitibi Greenstone Belt of Quebec, one of the world’s most prolific mining regions.
- The Company’s focus is to advance its four key projects through drilling programs. All of the projects were acquired at reasonable costs in recent years and are drill-ready with targets along the geometric extensions of gold deposits.
- Exploration work is currently focused on the Chimo Mine and Benoist properties to maximize value for investors.
Qualified Persons
The scientific and technical information on the Company and the Benoist Project in this news release was prepared and reviewed by Mr. Gaétan Lavallière, P.Geo., Ph.D, Cartier’s Vice-President, and Mr. Ronan Déroff, P.Geo, M.Sc., Senior Geologist, Project Manager and Geomatician, both qualified persons as defined in NI 43-101. Mr. Lavallière approved the information contained in this press release.
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company’s plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change, except as required by law.
For more information, please contact:
Philippe Cloutier, P.Geo. |
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.

© 2021 Canjex Publishing Ltd. All rights reserved.
Allegiant Gold begins drilling Original Pit zone
Drilling has started at Allegiant Gold Ltd.’s Original Pit zone at Eastside, the company’s flagship project, 30 kilometres northwest of Tonopah, Nev.
Read MorePeter Gianulis, CEO of Allegiant Gold, commented: “We are very excited to commence drilling at the Original Pit Zone where we plan to drill approximately 10-13 holes totalling approximately 5,000 metres. As we announced in January 2021, our plan is to continue drilling at Eastside with the possibility to expand upon our inferred resource base of 57 million tonnes grading 0.54 g au/t (approx. 1 million gold ounces inferred) at Eastside. Upon completion of this drilling, we expect to incorporate these results with our recently completed, 6,000 metre drilling campaign at the Castle Area in the south of Eastside and to file an updated NI 43-101 resource estimate.”
Allegiant has retained Boart Longyear to complete the drill program.
QUALIFIED PERSON
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical content of this press release.
ABOUT ALLEGIANT
Allegiant owns 100% of 10 highly-prospective gold projects in the United States, 7 of which are located in the mining-friendly jurisdiction of Nevada. Four of Allegiant’s projects are farmed-out, providing for cost reductions and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.
Millrock Announces Bought Deal and Concurrent Non-Brokered Private Placements
VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or the “Company“) announces that it has entered into an underwriting agreement with Redplug Inc. (“REDPLUG”) pursuant to which REDPLUG has agreed to purchase, on a bought deal private placement basis, 18,000,000 units of the Company (“Units”) at a price of $0.085 per Unit (the “Offering Price”) for aggregate gross proceeds of $1,530,000 (the “Bought Deal”), of which REDPLUG has deposited $1,275,000 in trust with Millrock.
Read MoreREDPLUG has also been granted an option, exercisable in whole or in part any time up to 48 hours prior to the closing date of the Bought Deal, to purchase for resale up to an additional 4,500,000 Units at the Offering Price, for aggregate gross proceeds to the Company of $382,500 in the event REDPLUG exercises this option in full.
The Company also intends to undertake, concurrently with the Bought Deal, a non-brokered private placement of up to 6,000,000 Units for additional aggregate gross proceeds of $510,000 on the same terms as the Bought Deal (the “Concurrent Non-Brokered Placement”). There is no minimum offering size for the Concurrent Non-Brokered Placement but the minimum subscription amount is 60,000 Units ($5,100).
Each Unit will consist of one common share of the Company and one common share purchase warrant (the “Unit Warrants”). Each Unit Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.1275 per share for two years from the date of issuance.
It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Concurrent Non-Brokered Placement. Non-accredited investors will be welcome to participate through use of the existing shareholder exemption provided in British Columbia Instrument 45-534 and similar exemptions in other jurisdictions of Canada to the extent available (the “Existing Shareholder Exemption”). This exemption is not available to a shareholder who is a U.S. Person (as defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)). This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Units or underlying securities (collectively, the “Offered Securities”) in any state in which such offer, solicitation or sale would be unlawful. The Offered Securities have not been registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
The gross proceeds from the Bought Deal and (if fully subscribed) the Concurrent Non-Brokered Placement in the aggregate amount of $2,040,000 will be used to advance exploration on the Company’s current projects (as to approximately $250,000), for generation of new projects (as to approximately $650,000), marketing of projects to funding partners (as to approximately $150,000) and the remainder for general corporate purposes.
If the Concurrent Non-Brokered Placement is oversubscribed and not increased (which would require the approval of the Company, REDPLUG and the TSX Venture Exchange), Units will first be allocated to EMX Royalty Corp. (which holds the right to maintain their current ownership percentage of Millrock shares) and thereafter pro rata among all subscribers in the Concurrent Non-Brokered Placement based upon the subscription amounts set out in their subscription agreements.
REDPLUG will be paid an 8% cash commission and will be issued broker warrants for the purchase, at the Offering Price, of such number of Units as is equal to 8% of the aggregate number of Units sold under the Bought Deal and Over-Allotment Option. Finder’s fees of 7% cash and 7% finder’s warrants (the “Finder’s Warrants”) may be paid in connection with the Concurrent Non-Brokered Placement. The Finder’s Warrants have the same terms as the Unit Warrants except that they will be non-transferable.
The Bought Deal and the Concurrent Non-Brokered Placement are subject to TSX Venture Exchange approval. All securities issued will be subject to a four-month hold period. The Bought Deal and the Concurrent Non-Brokered Placement are expected to close on March 8, 2022.
Existing Shareholder Exemption
To be eligible to subscribe under the Existing Shareholder Exemption, the subscriber must: a) have been a shareholder of the Company at the close of business on February 23, 2021 and continue to hold common shares of the Company until the closing date of the Concurrent Non-Brokered Placement, b) be purchasing the Units as principal for their own account and not for any other party, and c) not have subscribed for more than $15,000 of securities of the Company, including the current subscription, in the past 12 months unless they have first received advice from a registered investment dealer regarding the suitability of the investment.
Any existing shareholder or other interested investor who wishes to participate in the Concurrent Non-Brokered Placement should contact Janice Davies, Corporate Secretary of the Company, by email at: janice@jdconsulting.ca to receive subscription documentation and instructions. The deadline for existing shareholders to send their subscription agreement and funds to the Company is 4 p.m. PST on March 1, 2021.
About REDPLUG Inc.
REDPLUG Inc. is a registered exempt market dealer specializing in private placements in the junior resource sector, with a primary focus on silver, gold, platinum, and palladium. REDPLUG’s accredited investor clients are building positions in well-managed, insider-owned, resource companies including: prospect generators, advanced explorers, resource developers, and near-term producers. Visit REDPLUG.com or call 1-844-RED-PLUG.
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. and of 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)
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Offered Securities in any state in which such offer, solicitation or sale would be unlawful. The Offered Securities have not been registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the intention to undertake the Bought Deal and the Concurrent Non-Brokered Placement and the intended use of proceeds. 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. Such factors include, without limitation, the receipt of TSX Venture Exchange acceptance, and completion of the Bought Deal and Concurrent Non-Brokered Placement.

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Barrick Alliance Approves 2021 Budget for Completion of Regional Exploration Programs Across Japan
Vancouver, British Columbia–(Newsfile Corp. – February 23, 2021) – Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the “Company“) is pleased to announce approval by the Barrick Alliance of a USD $4 million dollar budget, solely funded by Barrick Gold Corporation, to complete the proposed 2021 regional exploration work programs. The approved 2021 budget and work programs will complete the 2-year Initial Evaluation Phase regional exploration over the expanded 29 project portfolio covering 1,889 square kilometers, with Japan Gold acting as the Operator.
Read MoreRegional exploration programs commenced following formation of the Barrick Alliance on February 23, 2020. The exploration programs are aimed at identifying new gold prospects through the systematic sampling of stream sediments for bulk leach extractable gold (“BLEG”), and gold and multi-element pathfinder analysis of rock samples. Geophysical gravity surveys are also being carried out over all projects to gain better definition of regional and prospect scale structures associated with gold mineralisation.
To date 73% of the 1,889 square kilometer project portfolio, across the islands of Hokkaido, Honshu and Kyushu, has been covered by BLEG and rock float sampling. Gravity surveying has been completed over 51% of the southern Kyushu project portfolio, Figures 1, 2 & 3. The regional BLEG, rock sampling and project-scale gravity surveying are expected to be completed across all 29 projects by July 2021.
Results from the 2020 exploration programs completed on eight Kyushu projects and three Hokkaido projects have identified 19 distinct gold in BLEG anomalies with supporting pathfinder element geochemistry. Detailed evaluation of all anomalies generated will be carried out to confirm prospectivity and assist in target ranking. The detailed evaluation of these anomalies will commence immediately and is expected to be complete by November 2021.
With the identification of new anomalies, the Barrick Alliance has been proactive in lodging new prospecting rights applications to ensure full coverage of prospective ground. Since its inception in February 2020, the Barrick Alliance project portfolio has increased by 24%, from 1,521 to 1,889 square kilometers, over the major epithermal gold provinces of Japan.
The Barrick Alliance Executive Committee Chairman Robert Krcmarov stated, “We are very pleased with the progress achieved and the anomalies generated to date notwithstanding the less than ideal circumstances imposed by the global COVID-19 pandemic. We look forward to completing the initial phase of project screening and the potential opportunities that will come out of this work.”
COVID-19 Operating Plan
Japan Gold has taken appropriate steps and followed government advised health protocols to ensure Barrick Alliance crews can operate safely and effectively during the COVID-19 pandemic.
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold’s Vice President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Japan Gold Corp.
“John Proust“
Chairman & CEO
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold’s leadership team represent decades of resource industry and business experience, and the Company has recruited geologists, drillers and technical advisors with experience exploring and operating in Japan. More information is available at www.japangold.com or by email at info@japangold.com.
For further information, please contact:
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: info@japangold.com
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company’s 2020 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company’s ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
Figure 1: Barrick Alliance project locations
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Figure 2: Barrick Alliance Southern Kyushu project locations and work completed to date
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Figure 3: Barrick Alliance Hokkaido project locations and work completed to date
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Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregate Proceeds of C$11.4 Million
ST. JOHN’S, NL, Feb. 23, 2021 /CNW/ – Aurion Resources Ltd. (TSX VENTURE: AU) (OTCQX: AIRRF) (“Aurion” or the “Company”) announces that it has completed its previously announced marketed private placement (the “Offering”), and its non-brokered private placement (the “Non-Brokered Financing”), for an aggregate of 13,425,033 common shares (the “Common Shares”) of the Company at a price of C$0.85 per Common Share (the “Issue Price”) for gross proceeds of C$11,411,278.
Read More
Marketed Private Placement
Under the Offering, the Company issued an aggregate of 11,855,033 Common Shares at a price of C$0.85 per Common Share for aggregate gross proceeds of C$10,076,778.
The Offering was led by Cormark Securities Inc. on behalf of a syndicate of agents including Haywood Securities Inc., PI Financial Corp., and Canaccord Genuity Corp., (collectively, the “Agents”). In consideration for their services, the Agents received a cash commission equal to 5.5% of the gross proceeds of the Offering, other than in respect of certain purchasers on a president’s list (the “President’s List”), in which case such cash commission was reduced to 2.75%. Additionally, the Agents received broker warrants (the “Broker Warrants”) to purchase such number of common shares equal to 5.5% of the number of Common Shares issued under the Offering, other than in respect of certain purchasers on the President’s List, in which case such number of Broker Warrants was reduced to 2.75%. The Broker Warrants are exercisable at a price per common share equal to the Issue Price for a period of 24 months from the closing of the Offering.
Non-Brokered Private Placement
Under the Non-Brokered Financing, the Company issued an aggregate of 1,570,000 Common Shares at a price of C$0.85 per Common Share for aggregate gross proceeds of C$1,334,500. The Non-Brokered Financing was fully subscribed for by Kinross Gold Corporation (“Kinross”). Kinross exercised its pro rata right granted pursuant to a prior financing to maintain a 9.98% interest in the issued and outstanding shares of the Company.
The net proceeds received by the Company will be used for exploration activities on Aurion’s 100%-owned properties in Finland, including drilling at the Company’s Risti Property, and for working capital and general corporate purposes.
All securities issued in connection with the Offering are subject to a four-month-and-one-day statutory hold period. The Offering remains subject to final acceptance of the TSX Venture Exchange.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Aurion Resources Ltd.
Aurion Resources Ltd. (Aurion) is a Canadian exploration company listed on the TSX Venture Exchange (TSX-V: AU) and the OTCQX Best Market (OTCQX: AIRRF). Aurion’s strategy is to generate or acquire early-stage precious metals exploration opportunities and advance them through direct exploration by our experienced team or by business partnerships and joint venture arrangements. Aurion’s current focus is exploring on its Flagship Risti and Launi projects, as well as advancing joint venture arrangements with Kinross Gold Corp., B2 Gold Corp., and Strategic Resources Inc. in Finland.
On behalf of the Board of Directors,
Matti Talikka, CEO
FORWARD-LOOKING INFORMATIONCertain of the statements made and information contained herein, including the completion of the Offering and the use of proceeds, is “forward-looking information” within the meaning of applicable Canadian securities legislation or “forward-looking statements” within the meaning the Securities Exchange Act of 1934 of the United States. Generally, these forward-looking statements or information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, management’s discretion regarding the use of proceeds risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under risk factors in the Company’s current management discussion and analysis. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. The forward-looking information contained herein is presently for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
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.
SOURCE Aurion Resources Ltd.
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Contact:
Mark Santarossa, Vice President, Corporate Development, Cell: (416) 371-1325, Email: msantarossa@aurionresources.ca
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