Metals Update 23/02/2021

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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