Bathurst Metals Corp. (TSXV:BMV, OTC:BMVVF) presents a compelling investment opportunity in the gold and metals exploration sectors and believes the historical work on their project portfolio shows excellent potential for gold, silver, copper, nickel, cobalt, platinum and palladium deposits.
Bathurst Metals operates in Nunavut with their portfolio of highly prospective projects which include the Turner Lake,TED property, Gela Lake, McGregor Lake, Speers Lake and McAvoy Lake. All properties have had surface work and/or drilling completed, all of which demonstrated excellent results. The company is led by an accomplished board and management team, bringing world-class credentials and decades of experience to the team.
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Vancouver, B.C. February 2, 2023 Bathurst Metals Corp. ("Bathurst" or the "Company") ( TSXV:BMV ) ( OTC:BMVVD ) is pleased to announce it has entered into a definitive Option Agreement with arm's length vendor BCT Holdings Corp . ("BCT") to acquire an undivided 100% interest in 12 mineral claims known as the "Peerless Property". The Company previously entered into a letter of intent with BCT, the terms of which were announced on November 17, 2022.
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Vancouver, British Columbia TheNewswire - November 24, 2021 Bathurst Metals Corp. (" Bathurst " or the " Company ") (TSXV:BMV) (OTC:BMVVD) is pleased to announce it has closed its previously announced private placement. The Company issued 1,600,000 units (the " Units ") of securities at a price of $0.10 per Unit for aggregate gross proceeds of $160,000.00 (the " Offering "). Each Unit consists of one (1) common share and one (1) non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.20 for one year.
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Vancouver, British Columbia TheNewswire - November 17, 2022 Bathurst Metal Corp. (TSXV: BMV ) ( OTC:BMVVF) (" Bathurst " or the " Company ") Vancouver, British Columbia Bathurst Metals Corp. today announced it has entered into a binding letter of intent (" LOI ") with arm's length vendor BCT Holdings Corp (the " Vendor ") to acquire an undivided 100% interest in 12 mineral claims covering approximately 5,500 hectares located in the Bridge River Mining Camp of British Columbia.
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Vancouver, British Columbia TheNewswire - N ovember 3, 2021 Bathurst Metals Corp. (" Bathurst " or the " Company ") (TSXV:BMV) (OTC:MBVVF) is pleased to announce the following undertakings to provide working capital.
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October 27, 2022 TheNewswire Vancouver, British Columbia - Bathurst Metals Corp. ( the "Company") (TSXV:BMV) (OTC:BMVVF) announces that the Company will be completing a share consolidation on the basis of one (1) post-consolidation common share for every Two and one half (2.5) pre-consolidation common shares (the "Consolidation").
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Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) ("Athena" or the "Company") is pleased to report additional results from its 2024 regional prospecting and sampling program at the 100%-owned Excelsior Springs project in Nevada's Walker Lane Trend. The program proved successful in providing new geologic interpretations and defining new, untested zones of prospective mineralization. On the back of this program, the Company expanded its landholdings by approximately 68 hectares.
"One of the drivers behind the Fall 2024 program was to confirm whether prospective ground exists outside the Buster Trend, which to date, has been the main target of focus at Excelsior Springs. We are happy to report the identification of the new Rhino Zone, in addition to the high-grade silver and antimony potential revealed at the Blue Dick Trend. Importantly, both these targets remain untested by the drill bit. We believe a larger-scale program is warranted in order to adequately explore such a target-rich project," stated Koby Kushner, President & CEO of Athena Gold.
Highlights:
Figure 1: Map of the Excelsior Springs project highlighting the various mineralized trends, historic drilling, additional staking, and recent sampling completed by Athena Gold Corporation in November 2024.
Figure 2: Map of the Rhino Zone showing recent sampling, the approximate outline of the Rhino Zone, and the area of newly acquired ground.
A total of 95 surface grab samples were collected during the recent mapping and prospecting program, conducted by Big Rock Exploration in November. Results from the program have highlighted that the Excelsior Springs project is host to various styles of mineralization, lending itself to varying exploration targets ranging from narrow vein, high-grade targets to low-grade, bulk-tonnage targets.
Buster Trend: This target area is host to the vast majority of the historical exploration work at Excelsior Springs to date, with most activity focused on the historic underground Buster Mine, which averaged >40 g/t Au of past production. Drilling at the easternmost extension of this trend returned 5.35 g/t Au over 33.5 m from hole DB-23 in the Western Slope Zone, approximately 400 m east of the historic workings at Buster (refer to the Company's press release dated June 29, 2022).
Ridge Trend: Mineralization in this region has a distinct intrusion-related signature with elevated As-Bi-Mo-Cu-Hg-Te. The Ridge Trend represents a potential low-grade, high-tonnage target. Historic drilling has returned up to 24.4 m at 1.09 g/t Au (GE-14) starting at only 7.6 m below surface (refer to the Company's press release dated Sept 14, 2023).
Rhino Trend: This newly recognized trend has similar characteristics to the Ridge Trend in that it is a low-grade, high-tonnage target with potential for high-grade Au values within the broader target area. No known drilling has been completed in this area, and additional staking has been completed in 2025 to secure the zone.
Blue Dick Trend: The Blue Dick area represents a series of Au-Ag-Cu-Pb-Sb-Zn epithermal vein systems. Several historic workings are documented in the area including the Blue Dick Mine, however no known drilling has been conducted in the area. In November of 2024, Athena returned samples of up to 6,630 g/t Ag, 2.28% Cu, 2.4% Pb, and 1.53% Sb along with 5.1 g/t Au, 212 g/t Ag, 2.4% Pb, and 2.84% Zn (refer to the Company's press release dated January 23, 2025). Recent staking expanded the Blue Dick Trend to capture historical high-grade samples.
QA/QC
Analytical work for rock samples was completed by ALS Laboratories, and sample preparation and geochemical analyses were completed in Elko, Nevada. Samples were crushed before a 250-gram split was pulverized to better than 85%, passing 75 microns. Rock samples were analyzed for gold by fire assay using a 50-gram charge with an atomic absorption spectroscopy finish. If assay results exceed 10.0 g/t gold, the sample rejects are analyzed by 50-gram fire assay with a gravimetric finish. Sampling and analytical procedures are subject to a Quality Assurance and Quality Control program that includes duplicate samples and analytical standards.
Qualified Person
Technical information in this news release has been reviewed and approved by Benjamin Kuzmich, P.Geo., a geoscientist and qualified person for the purposes of National Instrument 43-101.
About Athena Gold Corporation
Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena's Laird Lake project is situated in the Red Lake Gold District of Ontario, covering over 4,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold's Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. Meanwhile, its Excelsior Springs Au-Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans over 1,500 hectares and covers at least three historic mines along the Palmetto Mountain trend, where the Company is following up on a recent shallow oxide gold discovery, with drill results including 5.35 g/t Au over 33.5 m.
For further information about Athena Gold Corporation, please visit www.athenagoldcorp.com.
On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer
For further information, please contact:
Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: kobykushner@athenagoldcorp.com
CHF Capital Markets
Cathy Hume, Chief Executive Officer
Phone: 416-868-1079 x 251
Email: cathy@chfir.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", ''plans", "may", "should", ''potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various risk factors as disclosed in the final long form prospectus of the Company dated August 31, 2021.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.
Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has agreed to subscribe for 30,000,000 voting common shares ("Common Shares") of Foran Mining Corporation ("Foran") in a non-brokered private placement at a price of C$3.00 per Common Share for total consideration of C$90,000,000 (the "Private Placement"). The Private Placement is expected to close in two tranches. The closing of each tranche remains subject to certain closing conditions, including approval of the Toronto Stock Exchange, and closing of the second tranche is also subject to approval by the shareholders of Foran. Closing of the first tranche is expected to occur on or about May 28, 2025 and the second tranche is expected to close as soon as practicable following receipt of shareholder approval.
Agnico Eagle currently owns 39,125,448 Common Shares, representing approximately 9.9% of the issued and outstanding Common Shares on an undiluted basis. On closing of the first tranche of the Private Placement, Agnico Eagle is expected to own 64,454,767 Common Shares, which will represent approximately 13.1% of the issued and outstanding Common Shares on an undiluted basis (assuming that Foran issues an additional 73,173,590 Common Shares in connection with the first tranche of the concurrent private placements). On closing of the second tranche of the Private Placement, Agnico Eagle is expected to own 69,125,448 Common Shares, which will represent approximately 13.5% of the issued and outstanding Common Shares on an undiluted basis (assuming that Foran issues an additional 13,493,077 Common Shares in connection with the second tranche of the concurrent private placements).
Agnico Eagle and Foran are party to an investor rights agreement dated August 8, 2024 (the "Existing Agnico IRA"), pursuant to which Agnico Eagle is entitled to certain rights, provided Agnico Eagle maintains certain ownership thresholds, including: (a) the right to participate in certain equity financings by Foran to acquire up to the greater of: (i) 19.99% of the Common Shares being offered in the equity financing, or (ii) such number of Common Shares that would permit Agnico Eagle to maintain its pro rata ownership interest in Foran; (b) the right to top-up its holdings in relation to dilutive issuances by Foran in order to maintain its pro rata ownership interest in Foran; and (c) the right to nominate one person to the board of directors of Foran.
On the closing of the first tranche of the Private Placement, the Existing Agnico IRA will be amended and restated in order to, among other things: (a) amend the participation and top-up rights to permit Agnico Eagle to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in Foran at the time of such financing or acquire up to a 19.99% ownership interest in Foran; and (b) amend the nomination right to permit Agnico Eagle to nominate an additional individual to the board of directors of Foran if the size of the board is increased to 10 or more directors.
In addition, Agnico Eagle is announcing a previously reported follow-on investment in Azimut Exploration Inc. ("Azimut"). On September 28, 2023 , Agnico Eagle acquired an additional 2,197,300 common shares ("Azimut Shares") of Azimut at C$1.05 per Azimut Share (the "Share Purchases") for total consideration of C$2,307,165 from several sellers that participated in an offering of flow-through Azimut Shares undertaken by Azimut at such time (as more particularly described in Azimut's news release dated September 28, 2023 ). Prior to the Share Purchases, Agnico Eagle owned 8,003,425 Azimut Shares, representing approximately 10.06% of the issued and outstanding Azimut Shares on a undiluted basis at such time. Following the Share Purchases, Agnico Eagle owned 10,200,725 Azimut Shares, representing approximately 12% of the issued and outstanding Azimut Shares on a undiluted basis at such time.
Agnico Eagle is acquiring the Common Shares, and acquired the Azimut Shares for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, Azimut Shares or other securities of Foran or Azimut, or dispose of some or all of the Common Shares, Azimut Shares or other securities of Foran or Azimut it owns at such time.
Separate early warning reports in respect of the Foran investment and the Azimut investment will be filed by Agnico Eagle today. To obtain a copy of either early warning report, please contact:
Agnico Eagle Mines Limited
c/o Investor Relations
145 King Street East , Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com
Agnico Eagle's head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Foran's head office is located at 409 Granville Street, Suite 904, Vancouver, British Columbia V6C 1Y2. Azimut's head office is located at 110 De la Barre Street , Suite 224, Longueuil, Quebec J4K 1A3.
About Agnico Eagle
Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada , Australia , Finland and Mexico , with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
Forward-Looking Statements
The information in this news release has been prepared as at May 14, 2025 . Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "may", "will" or similar terms.
Forward-looking statements in this news release include, without limitation, statements relating to the expected closing of the Private Placement (including the expected closing date of each tranche), the ability to satisfy closing conditions in respect of the Private Place (including obtaining approval of the Toronto Stock Exchange and the shareholders of the Foran), Agnico Eagle's expected ownership interest in Foran upon closing of each tranche of the Private Placement, the expected number of securities to be issued in each tranche of the Private Placement and Agnico Eagle's acquisition or disposition of securities of Foran or Azimut in the future.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.
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SOURCE Agnico Eagle Mines Limited
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