Resource News

Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin" or the "Company") is very pleased to announce that it has completed an initial program of follow up auger geochemical drilling at the Baavhai Uul Copper Project in southern Mongolia in which it holds an 80% interest. This work has highlighted a significant copper nickel discovery at the "Victory Copper Nickel Discovery" under very shallow alluvial cover.

Highlights

  • 814 auger geochemical drill holes completed with results showing a large copper nickel geochemical discovery at Victory.
  • Results up to 1,252ppm copper and 494ppm nickel in weathered gabbroic clays.
  • The copper nickel anomaly at Victory remains open and extensional auger geochemical drilling will soon commence.
  • Ground magnetic geophysics has now been completed across Victory and other copper nickel anomalies on the Project.
  • The copper nickel anomaly at Victory is interpreted to be hosted in the upper highly weathered zone of a large 2.5km x 1.5km differentiated gabbroic sill.
  • Clear similarities to large copper nickel occurrences in northern China, including Jinchuan.
  • Potentially a new copper nickel province with over 25 copper nickel anomalies highlighted in auger geochemistry and ground magnetics across the Project.

The Company has successfully completed an initial program of six meter deep auger geochemical drill holes with samples collected on a one meter basis down hole across a large portion of the Victory Discovery. The copper nickel geochemical anomaly remains open and further auger drilling will soon commence to assist in outlining extensions. The Victory Discovery is one of approximately 25 copper nickel discoveries on the BU Copper Project associated with ultramafic and mafic intrusives and is only the first to be followed up by 50 x 50 meter auger geochemical drill hole spacing. The Victory Discovery is interpreted to be hosted in the upper highly weathered zone of a differentiated gabbroic sill. The gabbro is currently interpreted to be approximately 2.5km x 1.5km in size and copper nickel anomalism is extensive across the entire gabbro where auger drilling has been completed. This type of mineralization and host lithology is typical in northern China and is host to many larger copper nickel deposits including the giant Jinchuan Deposit.

"The Company is extremely pleased with these early results at the Victory Discovery with highly anomalous copper nickel geochemistry across a huge area. The scale seen at Victory and the over 25 other copper nickel anomalies on the Project is extremely exciting and we will be pushing our exploration efforts harder to better understand this significant find." said Ali Haji, CEO & Director of Aranjin Resources Ltd.

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Figure 1: Copper Nickel geochemical results at the Victory Discovery.

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Figure 2: Ground Magnetic Geophysical survey results at the Victory Discovery.

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Figure 3a. Auger Geochemical Drilling Rigs at the Victory Discovery.

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Figure 3b. Auger Geochemical Drilling Rigs at the Victory Discovery.

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The technical and geoscientific content of this release has been compiled, reviewed and approved by Enkhtuvshin Khishigsuren, Vice President of Exploration and a "Qualified Person" as defined in NI-43-101.

About Aranjin Resources Ltd.

Aranjin Resources is committed to exploring its highly prospective copper and nickel projects in Mongolia. Information about the Company is available on its website, www.aranjinresources.com, or under its profile on SEDAR at www.sedar.com.

Contact Information

Ali Haji, CEO
+ 1 647.871.4571
contact@aranjinresources.com

Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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ARJN:CA
Aranjin to Extend Term of Outstanding Convertible Debenture

Aranjin to Extend Term of Outstanding Convertible Debenture

Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin" or the "Company") announces that the Company will be extending the maturity date of the $1,814,400 principal amount unsecured convertible debenture (the "Debenture") issued on August 10, 2021, and convertible into common shares of the Company at a price of $0.055 per share. The Debenture was issued pursuant to a private placement which closed on August 10, 2021. The Company proposes to extend the maturity date by one (1) year, and accordingly, the new maturity date for the Debenture will be August 10, 2023.

All other terms and conditions of the Debenture remain unchanged. The Debenture extension is subject to acceptance by the TSX Venture Exchange.

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Ion Energy Ltd. Announces Strategic Alliance with Mongolian Copper Explorer

Ion Energy Ltd. Announces Strategic Alliance with Mongolian Copper Explorer

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION") is pleased to announce that the Company has entered into a binding term sheet (the "Term Sheet") which sets out the terms for an exploration joint venture (the "Joint Venture") with Aranjin Resources Ltd. ("Aranjin") (TSXV: ARJN). The Joint Venture allows for both companies to grant one another reciprocal exploration rights to their respective exploration licences within Mongolia.

Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin's properties for lithium. This structured approach is aimed at enlarging their exploration area within the mineral-rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.

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Aranjin Resources Announces Joint Venture on New Mongolian Copper & Nickel Discovery

Aranjin Resources Announces Joint Venture on New Mongolian Copper & Nickel Discovery

Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") is very pleased to announce that it has have entered into a term sheet agreement (the "Term Sheet") which sets out the terms for an exploration joint venture with ION Energy Ltd (the "Joint Venture"). The Joint Venture will consist of both Parties granting one another reciprocal exploration rights on their respective exploration licences within Mongolia.

Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin's properties for lithium. This structured approach is aimed at enlarging both Parties' exploration area within the mineral rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.

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"center rock drilling"

Aranjin Resources Announces Promising Drilling Results at the Sharga Copper Project

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is very pleased to announce results from the recent drilling at the Sharga Copper Project ("Sharga" or "Project").

Highlights:

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Emerita Intersects 14.0 Meters Grading 4.3% Copper Included Within 26.8 Meters Grading 2.6% Copper at La Romanera Deposit, Increases Number of Drills at IBW Project to Thirteen

Emerita Intersects 14.0 Meters Grading 4.3% Copper Included Within 26.8 Meters Grading 2.6% Copper at La Romanera Deposit, Increases Number of Drills at IBW Project to Thirteen

Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 delineation drilling at the La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. The Company also announces that it continues to accelerate drilling at IBW where it has increased the number of drill rigs from 10 to 13. Presently, there are 12 drills on La Romanera deposit delineation and 1 rig continues to drill at La Infanta. Six drilling companies are engaged in the program.

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Romios Gold Completes IP-MT Survey on Trek South Target and Reports on 2022 Exploration Programs in The Golden Triangle, BC

Romios Gold Completes IP-MT Survey on Trek South Target and Reports on 2022 Exploration Programs in The Golden Triangle, BC

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has completed an extensive exploration program on six of the company's projects in the Golden Triangle of northwestern British Columbia (see Map 1). Field work by Romios' crew began in early July and continued until mid-September. Assay results are now being received and compiled, and will be reported on when complete. Field observations on some of the claim blocks are very encouraging, particularly those from the Trek South Porphyry Cu-Au-Ag prospect. Many of Romios' projects in the Golden Triangle are close to the giant Galore Creek porphyry Cu-Au-Ag project held by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.

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Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to provide an update on the Crawford project and its financing activities.

Canada-Nickel-Company-Logo (CNW Group/Canada Nickel Company Inc.)

"The Company remains on track to deliver the feasibility study for Crawford by year-end. The study work is approximately 85% complete and the company is confident in its outcome.  This financing will allow us to execute post feasibility study work on permitting and detailed engineering that is advantageous for us to complete during the coming winter months and allows us to remain well-funded as we continue to aggressively advance the project" said Mark Selby , Chair and CEO of Canada Nickel.

Loan Facility

The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14 , 2022.  The loan will be due January 14, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share.   The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws.  The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector.   Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters.  Auramet has also provided term financing facilities in excess of $900 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space.  In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Contact:
Mark Selby , Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the metallurgical results, the timing and results of the feasibility study and the timing and completion of the loan facility. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions,events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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SOURCE Canada Nickel Company Inc.

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Copper Fox Announces 2022 Third Quarter Operating and Financial Results

Copper Fox Announces 2022 Third Quarter Operating and Financial Results

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its unaudited interim consolidated July 31, 2022, financial statements have been filed on SEDAR.

For the nine months ended July 31, 2022, Copper Fox had a net loss of $889,829 (July 31, 2021 - $747,620) which equated to $0.00 loss per share (July 31, 2021 - $0.00 loss per share).

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Pan Global Announces Drill Program on Eight Copper Targets in the Escacena Project, Spain

Pan Global Announces Drill Program on Eight Copper Targets in the Escacena Project, Spain

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling is underway at the Hornitos and La Jarosa targets and that multiple new targets have been identified for drill testing at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.

Tim Moody, Pan Global President and CEO states: "Drilling has continued at Escacena with up to four drill rigs operating since January. The current plan includes testing at least six new targets in the Escacena Project in addition to continuing to expand the copper and tin mineralization at La Romana. We are excited at the potential to make further copper discoveries with drilling now initiated on several new targets, all within 5km of our near-surface La Romana copper-tin discovery. Ongoing exploration continues to generate multiple high-priority drill targets. Drilling is underway at the Hornitos and La Jarosa targets and is due to commence shortly at the Pilar, Zarcita and La Romana Deep targets. This is the first time most of the new targets will be drill tested. The fact that we are already seeing evidence of copper, lead and zinc mineralization in some of our first holes on new targets at Hornitos and La Jarosa is very encouraging with assay results awaited. Assay results are also pending for 14 drill holes at the La Romana discovery."

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Fabled Copper Secures Underground Adits

Fabled Copper Secures Underground Adits

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces that from mid-June - Early September 2022 they were successful in securing 4 adit entrances on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

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