Metals Update 17/03/2021

Tinka drills 9.1 m of 20.1% Zn at Ayawilca

Tinka Resources Ltd. has released new assay results for six diamond drill holes from the company’s 2020/2021 resource expansion and infill drill program at the Ayawilca project in Peru. Four holes are located at the Camp area (A20-180, 181, 182 and 183) and two holes at the South area (A21-185 and 187). The two holes at South Ayawilca intersected high-grade zinc-silver mineralization associated with massive sulphide mineralization over substantial widths and are expected to expand the indicated mineral resources at the project. Tinka has drilled approximately 7,600 metres in 21 completed holes during the 2020/2021 program. The company is compiling the drill data and completing geological interpretations in preparation for an updated mineral resource and preliminary economic assessment (PEA) scheduled for the middle of 2021. Assay results for the final four drill holes are still pending.

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Altus consultant completes Bikoula strategic review

A strategic review by independent consultants Mining Plus U.K. Ltd. has been completed on Altus Strategies PLC’s 97-per-cent-owned high-grade Bikoula iron project, located in southern Cameroon. The Strategic Review will be used to determine the next steps for the development of the Project.

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Canada Nickel accelerates expiry of warrants

Canada Nickel Company Inc. is accelerating the expiry date of its common share purchase warrants issued on Sept. 30, 2020, under the warrant indenture between TSX Trust Company and the company. Each of the warrants entitles the holder thereof to acquire one common share of the Company at a price of $2.10 per common share. As of March 16, 2021, 1,822,750 of the original 2,675,000 Warrants issued remain outstanding to be exercised.

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Kootenay Trenches 33.0 Meters of 2.67 gpt Gold Including 9.0 Meters of 5.29 gpt Gold at Male Gold Project, Mexico

VANCOUVER, BC, March 17, 2021 /CNW/ – Kootenay Silver Inc.  (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce the discovery of significant gold on its 100% owned Maria Elena gold project (“Male” or the “Property”), located approximately 100 kilometers south east of the city of Hermosillo in Sonora State, Mexico.

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Frontier Lithium Welcomes former Chief Bart Meekis to its Board of Directors

SUDBURY, ON, March 17, 2021 /CNW/ – Frontier Lithium Inc. (TSX.V: FL) (OTCQB: LITOF) (FSE: HL2) (“Frontier” or “the Company”) is honoured to announce former Chief of Sandy Lake First Nation, Bart Meekis will be joining the Board of Directors.  Bart Meekis is a member of the Oji-Cree First Nation of northwestern Ontario and resides in Sandy Lake, Ontario. Mr. Meekis previously served 16 years on the Sandy Lake First Nation council, including 4 years as Deputy Chief and 6 years as Chief. 

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FPX Files Amended PEA Technical Report

VANCOUVER, BC, March 17, 2021 /CNW/ – FPX Nickel Corp. (TSXV: FPX)(“FPX” or the “Company“) announces that, further to its news release dated September 9, 2020 and review by the British Columbia Securities Commission, it has filed an amended preliminary economic assessment (“PEA”) technical report (the “Amended Report”) for the Baptiste Project at its wholly-owned Decar Nickel District in central British Columbia.  The amendment has not impacted the material components of the PEA, notably resources, metallurgy, mine plan, cost estimates, economic analysis and environmental matters. 

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Southern Silver Reports on Recent Property and Corporate Matters

The Company is doubling the size of the current drilling program on the Cerro Las Minitas Ag-Pb-Zn project from an initial 10,000 metre program to a 20,000 metre program. Drilling will continue with two drills targeting the east side of the Cerro where to date three near-surface sulphide lenses with Bonanza-grades of silver have been identified. Shallow oxide Au-Ag mineralization has also been confirmed in the Mina La Bocona area. Mineralization in all of these new target areas is separate from the existing mineral resources. The current program has completed 28 core holes totaling 12,040 metres since restarting drilling in September 2020. Assay results from 11 drill holes are pending and are anticipated over the coming weeks.

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HPQ-Silicon Resources begins trading on OTCQX

HPQ-Silicon Resources Inc.’s common shares are now trading on the OTCQX Best Market under the ticker symbol of HPQFF. The OTCQX Best Market is the highest market tier of OTC Markets, which operates financial markets for 11,000 U.S. and global securities. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. HPQ common shares will continue to trade on the TSX Venture Exchange under the symbol HPQ, and on the Frankfurt Stock Exchange under the symbol UGE.

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Excellon Resources loses $16.02-million in 2020

Excellon Resources Inc. has released financial results for the three-month and 12-month periods ended Dec. 31, 2020.

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