Precious Metals

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that it has completed its 2022 exploration program across the Company's highly prospective Ulu, Hood River, and Roma projects located in the Kitikmeot Region of Nunavut.

Highlights:

  • DD22-MSK-005 returned 8.18 g/t gold over 4.2 m, including 13.53 g/t over 2.19 m starting at 94.08 m downhole; additional assays pending.

  • DD22-MSK-001 returned 8.50 g/t gold over 2.4 m,including 20.10 g/t over 0.60 m starting at 124.24 m downhole.

  • A total of 3,690 metres of NQ diamond drilling was completed across four key target areas during the program, including the Flood Zone, the Axis Zone, the Gnu Zone and the Central-C Zone.

  • Approximately 50% of the samples from the program are pending assay results.

  • Previously reported results from the 2022 exploration program include (see news releases dated July 20 and August 17, 2022):

    • 15.00 g/t gold over 17.65 m, including a 6.00 m interval of 25.74 g/t gold fromDD22-FLO-002. This represents the highest value (grams gold x width metres) of all intercepts drilled by the Company.

    • 6.52 g/t gold over 17.4 m, including 9.96 g/t over 6.3 m in DD22-FLO-001.

Grant Ewing, Blue Star's CEO, stated: "Blue Star conducted another successful exploration campaign at its highly prospective Nunavut projects. The initial results of the program from DD22-FLO-002 returned the highest value (grams gold x width metres) of all intercepts drilled by Blue Star to date. Several other prospective target areas throughout the Company's landholdings were assessed during the program, with significant results also returned from the Gnu Zone area drilling. An important component of the program was the successful progression of many of the prospective target zones closer to drill ready status."

Exploration Program Progress Summary

The Company completed 3,690 metres of drilling during the program, 3,055-line km of airborne geophysics, and a regional till sampling program on the Roma Project. In addition, detailed review and prospecting/mapping of 58 of the targets within the >100 compiled pipeline showings were conducted.

Discussion of results

DRILLING

DD22-MSK-001 intersected8.50 g/t gold over 2.4 m and 2.45 g/t over 1.0 m. The hole was drilled in gabbro with local metre scale strain and alteration zones spaced every 30-50 m; intense quartz veining is recorded in intervals from 109.33 to 114.31 m, and from 124.24 to 126.57 m. A strongly mineralized interval with 12% pyrrhotite, 5% pyrite, 0.5% blocky arsenopyrite, multiple flakes of visible gold ("VG") and chalcopyrite in trace amounts occurs from 124.05 to 126.57 m within quartz veins and strongly sheared gabbro. Multiple VG flakes occur from 126.12 to 126.35 m.

DD22-MSK-002 returned no significant intercepts. The hole was drilled in gabbro; the targeted polymetallic vein was not intercepted. Blocky pyrrhotite (3%) and blocky chalcopyrite (1%) occur on the margins of a quartz vein from 44.19 to 44.29 m. The vein displays strong calc-silicate alteration.

DD22-MSK-003 intersected 1.04 g/t gold over 1.5 m, and 1.90 g/t gold over 1.71 m. The hole was drilled in gabbro and two faults were noted in the drill hole: one fault (30 cm) with gouge and fragmented clasts of gabbro and quartz was intersected at approximately 37 m, the second larger fault zone from 112.27 to 113.11 m consists of multiple gouges (

DD22-MSK-004 returned no significant intercepts. The hole was drilled in gabbro and intersected a fault zone from 111.80 to 118.73 m and a quartz vein containing 1% blocky pyrite and pyrrhotite from 133.60 to 133.97 m. Below the highest strain portion of the fault zone, a few mm and cm scale quartz veins contain up to 3% blocky pyrite. Calc-silicate alteration bands occur at the same orientation as the mineralized veins, possibly representing the margins of the targeted polymetallic vein.

DD22-MSK-005 intersected8.18 g/t gold over 4.2 m, including 13.53 g/t over 2.19 m. The hole was drilled in gabbro and intersected numerous centimeter scale fault gouge zones. The mineralized zone from 94.08 to 98.33 m is comprised of cm and mm scale quartz veins and gabbro. The veins are discordant at a high angle to the fabric of the gabbro, the larger of which occur from 95.18 to 95.46 m, 97.72 to 96.66 m, and 96.88 to 97.37 m. The veins contain up to 6% blocky pyrrhotite, 1% blocky pyrite and 1% blocky chalcopyrite within wallrock fragments, and 2-3% blocky and acicular arsenopyrite. Additional assay samples are pending.

The Gnu Zone target area evaluated during this program is comprised of up to four known shear hosted quartz-polymetallic veins at high angle to a gabbro-sediment contact that hosts calc-silicate-acicular arsenopyrite alteration. All drilling this season was completed with oriented core to assist geological modeling. Late faults complicate the area however it is believed that the faults can be resolved with the current initial wide spaced drilling program.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2421/136075_table1_550.jpg

Figure 1: Table of drill collar locations for holes reported in this release.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2421/136075_table1.jpg

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2421/136075_table2_550.jpg

Figure 2: Table of results to date.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2421/136075_table2.jpg

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_005.jpg

Figure 3: Plan map of drill hole locations from 2022 drill program.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_005full.jpg

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_006.jpg

Figure 4: Plan map of Gnu Zone drill holes.

To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_006full.jpg

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_007.jpg

Figure 5: Inclined schematic longitudinal of the Miksuk Vein in the Gnu Zone.

To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/2421/136075_84f9079d44d7b808_007full.jpg

Blue Star Gold's Projects

The Company's Ulu-Hood River properties are located approximately 525 km NNE of Yellowknife, NT in the Kitikmeot region of western Nunavut. The hamlet of Kugluktuk is approximately 210 km to the NW. The Roma project lies approximately 30 km north of the Ulu-Hood River properties. The total area of Blue Star's projects encompasses 267 km2 of the highly prospective and underexplored High Lake Greenstone Belt.

The Ulu lease and the contiguous Hood River property together encompass greater than 12,000 hectares (120 km2) of highly prospective exploration ground. The recent acquisition of the prospective and underexplored Roma property that lies approximately 30 km north increased the Company's landholdings by more than 14,000 hectares (140 km2) in the High Lake Greenstone Belt.

The Ulu mining lease hosts the advanced stage Flood Zone gold deposit, where a significant high-grade gold resource has been outlined. Several additional gold prospects (including, but not limited to, Zebra, Contact, Central, Axis, and Gnu) are spatially related to the axis of the 5 km long Ulu Fold, which extends from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold Nose Zone. The recent expansion of the Hood River concession added several new target zones south of the Flood Zone gold deposit. The eastern side of the Hood River property is contiguous to the Ulu lease, and hosts over twenty known gold showings. The Hood River prospects have the same deformation history (including tight folding) as well as similar mineralization styles (acicular arsenopyrite and polymetallic quartz veins) and stratigraphic sequences as the Flood Zone. One of the most prospective target areas on the eastern Hood River property is the 4 km long Crown-Pro trend which has seen only limited drilling.

The Roma project lies in the northern section of the High Lake Greenstone Belt. The project covers high grade gold showings discovered by previous explorers, notably BHP Minerals from 1988 to 1994. Multiple significant gold showings are present within a 6.5 km x 2.4 km area on the historic Roma claim block. The original showing is a 0.30 to 3.0 m wide quartz vein exposed in outcrop and boulders for 2.0 km. In 1991, BHP drilled 10 shallow holes totalling 465 metres to test 1.72 km of strike of the vein. All drill holes intersected quartz veins from 15 m to 37 m vertically below surface. Visible gold was noted in three of the drillholes and the best results were 12.38 g/t Au over 2.31 m (including 64.0 g/t Au over 0.37 m) from DDH MD-01, and 8.69 g/t Au over 1.87 m from MD-03. No drilling was conducted downdip of the high-grade intersection in DDH MD-01 and no step out drilling to the north from this intercept was conducted. No follow up drilling is known to have been completed on this property since BHP's initial drill program in the 1990's. The Company has not verified the historical results from the Roma property and has presented information obtained from two assessment reports submitted by BHP Minerals Canada Ltd.; McMaster, G., (1995). Roma 3,4,5 and 6 Claims 1995 Geological and Geochemical Report, and Anonby, L. and Jopson, W., (1992). Geological, Geochemical, Geophysical and Drilling Report on the Roma 1 and 2 Claims.

The site of the future deep-water port at Gray's Bay is 40 - 100 km to the north of the properties, and the proposed route corridor for the all-weather Gray's Bay road passes in close proximity to the Roma, Ulu, and Hood River projects.

Technical Disclosure

Drill holes reported had core samples cut by core saw with one half of the core retained and the other half sent for analysis. Samples were prepared by ALS Yellowknife-Geochemistry and analyzed at ALS Global, North Vancouver. Gold analysis was by fire assay using ALS code Au-AA26 and multielement analysis by code ME-MS61. Control samples include a crush duplicate every twenty samples; certified reference material was inserted once every ten samples. Reported assay intervals are uncapped, use a minimum 1 g/t gold assay cut off with the inclusion of up to 2 m of material below cut-off. True widths for all but the Flood Zone are not known due to lack of drilling and may range from 50% to 95% of drilled lengths.

Qualified Person

Darren Lindsay, P. Geo. and Vice President Exploration for Blue Star, is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. Blue Stars landholdings total approximately 270 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. The Company owns the Ulu Gold Property mining lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu lease, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTCQB Venture Market under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact:
Grant Ewing, P. Geo., CEO
Telephone: +1 778-379-1433
Email: info@bluestargold.ca

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding prospective income and revenues, anticipated levels of capital expenditures for fiscal year, expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings, and estimates of mineral resources and reserves on our properties.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses into our operations, developments and changes in laws and regulations, including increased regulation of the mining industry through legislative action and revised rules and standards applied by the regulatory bodies in Nunavut, changes in the price of fuel and other key materials and disruptions in supply chains for these materials, closures or slowdowns and changes in labour costs and labour difficulties, including stoppages affecting either our operations or our suppliers' abilities to deliver goods and services to us, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our equipment, and inaccuracies in estimates of mineral resources and/or reserves on our mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136075

News Provided by Newsfile via QuoteMedia

BAU:CA
blue star

Blue Star Gold


Keep reading...Show less
Blue Star Gold Provides Exploration Program Update; 6.52 g/t Gold Over 17.4 Metres Intersected at Flood Zone

Blue Star Gold Provides Exploration Program Update; 6.52 g/t Gold Over 17.4 Metres Intersected at Flood Zone

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces an update on its multi-prong exploration program across the Company's highly prospective Ulu, Hood River, and Roma projects located in the Kitikmeot Region of Nunavut. Exploration activities covered by this update include drilling at the Flood and Gnu Zone, a regional geochemical survey on the Roma Project, and initial pipeline prospect reviews.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Blue Star Gold Intercepts 15.00 g/t Gold over 17.65 m

Blue Star Gold Intercepts 15.00 g/t Gold over 17.65 m

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces the first drill results from its 2022 exploration program on the Ulu, Hood River and Roma projects located in the Kitikmeot Region of Nunavut. Assays from the initial Flood Zone drill hole are reported herein. The Company is also providing an update on additional exploration activities on its multi-prong exploration effort across its highly prospective Ulu, Hood River, and Roma projects.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Blue Star Gold Announces Closing of Non-Brokered Private Placement of Flow-Through, Charitable Flow-Through and Non-Flow Through Common Shares

Blue Star Gold Announces Closing of Non-Brokered Private Placement of Flow-Through, Charitable Flow-Through and Non-Flow Through Common Shares

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that, further to its news release of June 2, 2022, and subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Private Placement") by issuing 3,077,000 common shares (each a "Share") at $0.65 per Share, 2,523,289 flow-through shares (each a "FT Share") at a price of $0.73 per FT Share, and 1,340,031 charitable flow-through common shares (each, a "Charitable FT Share") at a price of $0.91 per Charitable FT Share raising total gross proceeds of $5,061,479. The Company paid finder's fees of $134,520 to GloRes Securities Inc. and Qwest Investment Fund Management Ltd., and issued 85,943 common shares to GloRes Securities Inc., Teresa Schmid, and Qwest Investment Fund Manager.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Blue Star Gold Commences Drill Program at its Ulu Gold Project

Blue Star Gold Commences Drill Program at its Ulu Gold Project

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that its drill program has commenced, with the first drill hole on the Flood Zone now completed. The exploration program consists of a multi-prong approach including airborne and ground geophysics, regional geochemical sampling, prospecting, and mapping, and a focused diamond drilling program. The work program will be carried out across the Company's Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review and development throughout the prospective landholdings.

Blue Star is the largest title holder in the highly prospective and underexplored High Lake Greenstone Belt in Nunavut, controlling +45 km of the Belt. The Company holds a 100% interest in three projects including the Ulu Gold project, the contiguous Hood River project, and the Roma project. The Ulu project hosts the Flood Zone deposit, where a significant high-grade gold resource has been outlined.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Blue Star Gold Mobilizes 2022 Exploration Program

Blue Star Gold Mobilizes 2022 Exploration Program

Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that it has mobilized its summer exploration program. The program will entail a multi-prong exploration effort across its Ulu, Hood River, and Roma projects with two key focuses: infill and expansion drilling, and pipeline target review and development throughout its highly prospective landholdings.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Falcon Provides Exploration Update At Its Hope Brook Project Contiguous To Benton-Sokoman's JV, NFLD

Falcon Provides Exploration Update At Its Hope Brook Project Contiguous To Benton-Sokoman's JV, NFLD

Falcon Gold Corp. (FG:TSX-V), (3FA:GR), (FGLDF:OTCQB), ("Falcon"); and Marvel Discovery Corp. (TSX-V:MARV), (Frankfurt:O4T), (MARVF:OTCQB), ("Marvel"); and together (the "Alliance") are pleased to provide an update on their combined exploration focus for their Hope Brook Projects which are strategically located contiguous to Benton-Sokoman Joint Venture, and First Mining's ground which was recently optioned to Big Ridge Exploration. The Alliance had originally planned to complete high resolution magnetic gradiometer surveys over the project area, a proven method to distinguish structural complexities in geological terranes. Start of the survey work has been delayed due to helicopter availability from forest fires in Central Newfoundland, a state of emergency was issued. Providing the Alliance an opportunity to conduct a geophysical review and structural interpretation over the Hope Brook project area in advance of the survey and surface work. The Alliance is pleased to announce that the geophysical review has identified kilometer-scale shear zone corridors, and a major fold closure, interpreted from the magnetic patterns, within the Hope Brook Property area. These will be the focus of prospecting and till sampling projects employed to verify the structures and determine their mineralization potential. With recent success in identifying anomalous gold, tungsten, silver and copper reported by Falcon at their Gander North Property (September 15, 2022), the Alliance has shifted their exploration focus to the Gander district

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Satori Commences Fall Drilling Campaign at Past Producing Tartan Lake Gold Mine, Flin Flon, Manitoba

Satori Commences Fall Drilling Campaign at Past Producing Tartan Lake Gold Mine, Flin Flon, Manitoba

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the commencement of its fall drilling campaign at the Tartan Lake Project, Flin Flon, Manitoba.

The Company plans to test the Hanging Wall Zone (in Main Zone) to extend the significant mineralization that was intersected in hole TLMZ21-12, which returned 47.56 g/t Au over 5.8 metres, within a broader interval that averaged 23.76 g/t Au over 12.6 metres (see news release dated December 6, 2021). This intercept isthe second highest value intercept ever recorded at Tartan Lake Main Zone and the Company believes that the physical differences in lithology and mineralization tenor suggest that this could represent the upper portion of a new zone in the hanging wall of the Main Zone trend.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Finlay Minerals reports trenching results including 32.4 g/t silver, 0.34 % copper, 1.07 % lead, 2.98 % zinc, and 0.04 g/t gold over 11 metres on the ATTY

Finlay Minerals reports trenching results including 32.4 g/t silver, 0.34 % copper, 1.07 % lead, 2.98 % zinc, and 0.04 g/t gold over 11 metres on the ATTY

Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce results from the 2022 exploration program conducted on its ATTY Property (" ATTY ") which included trenching at the Attycelley Target, and mapping and rock sampling at the KEM Target

Highlights included Trench 2 on the Attycelley Target assaying 32.4 g/t silver ("Ag"), 0.34 % copper ("Cu"), 1.07 % lead ("Pb"), 2.98 % zinc ("Zn"), and 0.04 g/t gold ("Au") over 11 metres, ("m") including 1 metre grading 198 g/t Ag, 1.62 % Cu, 8.23 % Pb, 0.88 % Zn, and 0.18 g/t Au.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Nevada Sunrise Announces Name Change

Nevada Sunrise Announces Name Change

Nevada Sunrise Gold Corporation (TSXV: NEV) (OTC: NVSGF), (" Nevada Sunrise" or the " Company "), announced today that effective September 23, 2022 the Company's name will change from "Nevada Sunrise Gold Corporation" to "Nevada Sunrise Metals Corporation."

Nevada Sunrise Gold Corp. Logo (CNW Group/Nevada Sunrise Gold Corporation)

The Company's common shares will begin trading on the TSX Venture Exchange on September 23, 2022 under the new name.  The Company's trading symbol will remain "NEV".  The new CUSIP will be 641492103 and the new ISIN number will be CA6414921032. The share capital of the Company remains unchanged.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1

Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).



Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

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

SOURCE Nevada Sunrise Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/21/c0362.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property

New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property

New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to outline the Company's 2022 exploration programs at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. New Break developed a fresh approach to 2022 exploration following the interpretation of results from its 2021 exploration programs, including observations and findings from detailed compilation work that also identified gaps in historical exploration work. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Kuya Silver Announces Update to Carmelitas Project in the Bethania District

Kuya Silver Announces Update to Carmelitas Project in the Bethania District

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that the terms of its agreement to acquire the Carmelitas concessions (located in the district of Acobambilla, department of Huancavelica, and in the district of Chongos Altos, department of Junín, in Peru) have been amended, and Kuya Silver intends to commence initial field work. The acquisition of the three concessions was first announced on May 14, 2021, with the purchase price consisting of cash and common shares of Kuya Silver, to be paid on a schedule over eighteen months. Kuya Silver and the vendor, Freddy Canales, have agreed to amend the terms of the transaction as follows:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×