Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it has signed an option agreement (the "Agreement") to option a 100% interest in two claim groups (the "Optioned Claims") to an arms-length party (the "Optionee"). The claims are located in the Ring of Fire Region. The Optioned Claims were staked during a regional airborne Electromagnetic and Magnetic survey flown in 2013 for Bold Ventures and its co-Venturer, a subsidiary of Dundee Resources. The survey resulted in over 14 claim groups being staked at various times over two campaigns. The Optioned Claims have a combined area of approximately 2,595 acres (1,050 hectares) and comprise approximately 90 claim units. The Optioned Claims have seen very little exploration work in the past
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Bold Ventures Signs One-Year Agreement with Investor News Network
Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce it has signed an agreement for a one year advertising and investor awareness campaign with Dig Media Inc., dba Investing News Network ("INN"). Based in Vancouver, Canada, INN has offices in Toronto, New York and San Francisco. INN has been dedicated to providing independent news and education to investors since 2007. The term of the engagement is twelve months. The cost of the campaign is $24,000 payable in $12,000 worth of Bold common shares for services rendered to August 1, 2024 and $12,000 worth of Bold common shares for services rendered to January 31, 2025. Per TSX Venture Exchange ("TSXV") Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be based on the closing price the day before the payment is due. The transaction is subject to TSXV approval. INN will expand Bold's name recognition and corporate message via digital and social media platforms resulting in greater market awareness of Bold's high potential projects and management's experience and successful track record of discoveries.
Further to the Company's press releases of July 6, 2023 and October 3, 2023, it has agreed to issue 342,857 common shares of the Company to Dig Media Inc., dba Investing News Network ("INN") in settlement of advertising services provided by INN to the Company pursuant to the Advertising Campaign Agreement dated July 5, 2023, for the period ending January 31, 2024 at a price of $0.035 per share, subject to regulatory approval. The securities issued are subject to a four month hold period from the date of issuance.
News from the Ring of Fire
The environmental assessment process for all-weather road access to the Ring of Fire continues to proceed as three proposed road projects: The Northern Road Link, The Marten Falls Community Access Road and The Webeque Supply Road. Recent information and progress regarding these projects may be accessed via the links provided on Bold's Critical and Battery Minerals page.
Bold's Koper Lake Project is located in the Ring of Fire. The Company owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource (the Black Horse) of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.
The Black Horse is contiguous with the Blackbird Chromite deposits owned by Wyloo Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from the Eagle's Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans for Ontario and the rest of North America. The Company is encouraged by these ongoing developments in this emerging, critical minerals mining camp.
Farwell Battery and Precious Metals
Wesdome Gold Mines Ltd. (Wesdome) recently acquired a 10.6% interest in Angus Gold Inc. (Angus) who are exploring the Golden Sky Project located to the south of the Farwell claim group (see Angus press release dated January 19, 2024). The Golden Sky property surrounds the Mishi Open Pit Mine owned by Wesdome that is located 6 km south of the Farwell claims. The Golden Sky Property extends northeast and is contiguous to the east boundary of Bold's Farwell claims. A major structural feature identified by Bold has been tracked via regional and property scale geophysical surveys. This feature may represent a structural control for gold mineralization that extends from the Mishi Pit northwest through the Farwell Sulphide zone and the Koala Gold Area, both located within the Farwell property see map here.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.
The technical information in this news release was reviewed and approved by Gerald D. White, B.Sc., P. Geo., a qualified person (QP) for the purposes of NI 43-101.
About Bold Ventures Inc.
The Company explores for Battery, Critical and Precious Metals in Canada. Bold is exploring properties located in active gold and base metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"David B Graham"
David Graham
President and CEO
Neither 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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Bold Ventures
Overview
Gold is a well-respected hedge against inflation and global economic uncertainty. Although it experienced some drastic price changes in 2023, the yellow metal is projected to maintain an all-time-high momentum in 2024.
There are several ways to invest in gold, including commodities and shares in mining companies. When investing in a mining company, it’s essential to consider the location of their projects. Stable jurisdiction with mining-friendly regulations is ideal. Fraser Institute’s 2022 Annual Survey of Mining Companies named Ontario the 12th most attractive jurisdiction for investment attractiveness and 13th for mineral potential. Additionally, Ontario is Canada’s largest producer of gold, PGEs and nickel. These data offer a level of confidence in Ontario-based mining operations.
Bold Ventures (TSXV:BOL) is a Canadian mineral exploration company focusing on battery, critical and precious metals located in Northern Ontario. The company’s asset portfolio demonstrates its focus on these commodities to create consistent value with gold and meet the growing demand for battery and critical metals. Bold Ventures’ projects are located within three active regions throughout Ontario: Thunder Bay West, Wawa West and the Ring of Fire camp located in the James Bay Lowlands. The Thunder Bay properties host gold, copper and nickel mineralization, while the Wawa and the Ring of fire properties have copper, nickel, zinc, silver and PGE mineralization.The Traxxin gold project, west of Thunder Bay, has hosted numerous high-grade gold intersections in drilling. The most recent of which intersected 3.6 grams per ton (g/t) gold over 12.3 meters. The project is a joint venture between Bold Ventures, as the operator, and Lac des Milles First Nation, where the joint venture can earn up to 100 percent of the property.
An experienced team of explorers leads the company toward fully realizing the potential of its portfolio. The company’s leadership team has participated in three significant world-class discoveries, including:
- Eagle River Mine: Discovered in 1987 and has produced over 1 million ounces (Moz) of gold.
- Windfall Lake: Discovered in 2006 it contains current resources of 4.1M oz gold (measured and indicated) at 11.4 g/t gold and 5.5M oz gold at just over 8 g/t (Osisko Mining Website) in the probable and inferred categories.
- Ring of Fire Deposits: Discovered in 2017 and contain multiple significant deposits of nickel, copper, gold, silver, platinum group elements, chromite and vanadium. The Eagles Nest nickel-copper massive sulphide deposit is in the permit stage.
This wealth of experience allows Bold Ventures to strategically acquire undervalued assets and apply sophisticated exploration techniques to identify significant mineral deposits.
Company Highlights
- Bold Ventures is a Canadian mineral exploration company focused on exploring and developing its precious and critical mineral projects in Northern Ontario.
- The company owns and operates several projects throughout three key regions of Ontario: Thunder Bay, Wawa and the James Bay Lowlands-Ring of Fire.
- The company has been advancing its copper and gold projects to the drill stage.
- The Traxxin gold project is a notable joint venture partnership between Lac des Milles First Nation and Bold Ventures, with the partners earning up to 100 percent ownership of the property. Bold Ventures is the operator of the agreement.
- The Koper Lake project is located within 300 meters of Wyloo Metals’ (formerly Noront) flagship Eagle’s Nest nickel-copper deposit. It hosts a large chromite resource and attractive nickel potential.
- Bold Ventures’ management team has decades of experience within the mining sector. The management and technical teams have participated in three world-class discoveries and have the right experience to guide the company toward its goals.
Key Projects
Traxxin Gold Project
The Traxxin gold project is 130 kilometers west of Thunder Bay and has 154 claims covering 2,417 hectares. The project has excellent existing infrastructure and is road-accessible, cutting down on future development costs.
Project Highlights:
- Close Proximity to Significant Gold Deposit: The project is 20 kilometers east of Agnico Eagle’s Hammond Reef deposit, which contains 5.6 Moz of gold at 0.71 g/t, including reserves, measured and indicated.
- Promising New and Historical Exploration Results: Bold Ventures’ 2021 drill hole campaign results indicated 3.6 g/t gold over 12.3 meters. Additional historical results include:
- Grab samples 1281, 152, 116, 21.1 and 3.73 g/t gold
- Five historical drill holes with greater than 5 g/t gold over various intervals
- One historical drill hole greater than 37 g/t gold over 1 meter
Additional Exploration Campaigns Planned: The company has received a new exploration permit and plans to follow up on its previous drill campaign as the gold bearing shear zone remains open in all directions.
Farwell Copper-Gold Project
The Farwell project covers 15,901 acres comprising 113 cells, 18 multi-cells and six boundary claims. The property is located in the Lake Superior east region of Northeastern Ontario, approximately 55 kilometers northwest of Wawa, and in a proven gold camp.
Project Highlights:
- Promising Geological Formations: The claim group hosts gold-bearing quartz veins located within an iron formation that stretches along the western extensions of a major deformation zone. Additionally, there is base metal volcanogenic massive sulphide (VMS) style mineralization of copper, zinc, lead and silver.
- Exploration Highlights and Future Drill Targets: A versatile time domain electromagnetic (VTEM) survey has identified multiple anomalous areas. Additional results and interpretation were incorporated into the existing database for future exploration and, ultimately, for drill testing.
- Road-accessible: The claim group is accessible via the Eagle River gold mines haulage road and is located approximately 6 km from the Eagle River Mill complex that also connects to major highways suitable for future material transportation.
Burchell Gold and Battery Metals Project
The Burchell claim group includes approximately 216 cells and 49 boundary cells covering 5,070 hectares and is located 105 kilometers west of the port city of Thunder Bay in the south-central portion of Northwestern Ontario. The project is road-accessible through Trans-Canada Highway 11.
Project Highlights:
- Located in the Western Shebandowan Greenstone Belt: The Burchell project is located on the prominent greenstone belt and contains copper, gold, silver and molybdenum mineralization.
- Significant Known Deposit: One of the prospects within the claim group is the Hermia-Lake copper showing that trends northeast over a distance of 2.8 km. Diamond drilling by several companies from 1964 to 2008 within the mineralized copper trend at the Hermia Lake Prospect returned assay values ranging from 0.31 percent copper to 1.1 percent copper over 1.30 meter to 6.7 meter core lengths. Drilling by Mengold Resources east of Hermia Lake in 2008 returned 7.19 g/t gold over 0.40 meters in Hole BU08-7 (Osmani 2017) All sampling to date has been near surface and the deposit remains open at depth and along strike.
- Close Proximity to Prolific Gold Property: The Burchell property is contiguous with Goldshore Resources’ Moss Gold project with an inferred mineral resource estimate of 6 Moz contained gold at 1.02 g/t gold within 183.6 Mt.
- Recent work includes prospecting, sampling and airborne geophysical surveys that indicate the possibility of a magmatic nickel-copper-PGM mineralized system in the vicinity. Results from eight grab samples ranged from 1.9 parts per million (ppm) copper up to 1,130 ppm copper (0.11 percent copper) and 2.1 ppm nickel up to 1,480 ppm nickel (0.15 percent nickel).
- The eastern half and southwestern portions of the property are highly under-explored despite having a geological and structural setting similar to the western areas of the property. Numerous VTEM anomalies generated by Mengold Resources’ 2006 geotech survey in these areas remain untested.
Wilcorp Gold Project
The Wilcorp gold project covers 266 hectares and consists of two contiguous properties in McCaul township, including four patent claims and one mineral claim. The asset is 14 kilometers east of the town of Atikokan, Ontario, and within the Thunder Bay Mining Division. New drill targets have been identified for follow-up exploration.
Project Highlights:
- Near the Traxxin Project: The Wilcorp asset is close to the company’s Traxxin project, which means it is also near Agnico Eagle’s promising Hammond Reef asset.
- Induced Polarization (IP) Surveys and Prospecting: An IP survey outlined a total of 14 anomalies. Additionally, 62 grab samples were taken throughout the property with values ranging from less than 5 parts per billion (ppb) gold up to 14,403 parts per billion (ppb) gold, which is approximately 14.4 g/t gold. Overall, 16 samples returned values over 100 ppb gold, with six samples returning over 1,000 ppb gold.
- Significant Historical Work: The asset has pre-existing historical work, including stripping, trenching and diamond drilling.
Koper Lake Project (Ring of Fire)
Project Highlights:
- Multiple Commodity Streams: The Koper Lake project has significant potential for critical minerals. The property has the potential to develop battery metals, chromite and precious metals for multiple revenue streams.
- Within the Koper Lake Project, the Black Horse Chromite Deposit contains an NI 43-101 inferred resource of 85.9 MT at a grade of 34.5 percent chromium (III) oxide (Cr2O3) using a cutoff grade of 20 percent Cr2O3.
- Black Horse Chromite Ownership Interests:
- Bold 10 percent carried interest, KWG 90 percent working interest
- Option to earn up to: Bold 20 percent carried interest and KWG 80 percent working interest.
- Black Horse Chromite Ownership Interests:
Bold owns a 40-percent working interest in all metals other than chromite and has the option to acquire up to an 80-percent working interest in all other metals found within the claims. The asset comprises 1,024 hectares and is within 300 meters of Wyloo Metal’s (formerly Noront Resources) Eagle’s Nest nickel-copper massive sulphide deposit.
Ring of Fire Polymetallic Project
The Ring of Fire asset is a future key project that will be given further attention as the Ring of Fire regional infrastructure and First Nation agreements are developed.
Project Highlights:
- The Ring of Fire Claims Project is a grassroots exploration project that has significant potential targeting the battery metals nickel, copper and platinum group elements.
- Bold carried out a VTEM airborne survey in 2013 that located numerous geophysical anomalies that are prospective for battery metals.
- Further exploration is pending the development of access, infrastructure and First Nation agreements.
Management Team
David Graham - President, CEO and Director
David Graham has been active in the mineral exploration industry for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Corporation, an industrial minerals and materials company with four production facilities in Canada and the United States.
Between 2006 and 2010 he was a director and vice-president of Noront Resources. During this time the company made major discoveries at Windfall Lake in Urban Twp., Quebec and the Ring of Fire in the James Bay Lowlands of Ontario. From 2010 until 2017 he was executive vice-president of Bold Ventures Inc. at which time, he was appointed president and CEO. Since 1986, Graham has been president of R. Bruce Graham and Associates, a mineral exploration and natural resource consulting firm founded in 1956.
Graham has worked extensively in Canada as well as in the United States, Scandinavia and Africa. His experience has frequently included working with First Nations and regulatory agencies on projects that ranged from a grassroots stage to advanced development.
Robert Suttie - CFO
Robert Suttie has more than 25 years of experience, 10 of which were in public accounting prior to his tenure with the financial reporting group, Marrelli Support Services Inc., where he currently serves as president. Suttie specializes in management advisory services, accounting and the financial disclosure needs of the group’s publicly traded client base. He is regularly involved in initial public offerings, business combinations and asset carve-out and spin-out transactions. Suttie also serves as chief financial officer to several junior mining companies listed on the TSX, TSX Venture exchanges, CSE, as well as non-listed companies. Suttie leverages his skills and experience to become integral to the reporting issuers.
William Johnstone - Corporate Secretary
William R. Johnstone is the company’s corporate counsel and is the company’s corporate secretary. Johnstone has been a partner at Gardiner Roberts LLP since February 2005, practicing in the areas of corporate and securities law. Johnstone is the practice leader of the firm’s securities law group. Prior to that, Johnstone was the proprietor of Johnstone & Company, a boutique corporate and securities law firm, for 12 years. Johnstone has been practicing law for over 28 years. He is also a director and/or officer of six other TSX Venture Exchange listed companies.
Ian Brodie-Brown - Director and Consultant
Ian Brodie-Brown is an industry consultant and entrepreneur. Brodi-Brown is a graduate of the University of Toronto with many years of experience arranging venture capital for emerging companies, specializing in the mining industry. Brodie-Brown is the past president and chief executive officer of AurCrest Gold Inc., a TSX Venture-listed junior resource exploration company. Brodie-Brown is also a co-founder and president of Cathay Oil & Gas, a private company with foreign resource assets. He has a strong understanding of Aboriginal issues surrounding today’s mineral industry in Canada, and has successfully negotiated MOUs and exploration agreements with First Nation groups.
Steve Brunelle - Director
Steve Brunelle is a graduate of geology from Queen’s University with over 35 years’ experience in the resource industry. He is the chairman and a director of Rio Silver. Brunelle was a founder and officer/director of Corner Bay Silver, which discovered the Alamo Dorado Silver deposit in Mexico and was acquired by Pan American Silver. He was a founder and officer/director of Stingray Copper, which Mercator Minerals acquired for the El Pilar Copper deposit in Mexico. He presently sits on the board of several resource companies that are active in Canada and Peru.
Jeff Wareham - Director
Jeff Wareham has over 30 years in the financial services industry. He is a former vice-president of two major Canadian brokerage firms. In this role, he was actively involved in the IPO of the 2012 TSX Venture stock of the year, and the IPO of the largest revenue stock on the TSXV. He was directly involved in raising over $200 million for Canadian companies. He is currently CEO of Catch Capital Partners Inc., a private equity firm. He is a past director of Marquest Asset Management, an investment fund company focused on Canadian resource investments. He is also a director of Certive Solutions, a publicly listed US healthcare revenue cycle company. He hosted a weekly radio show for several years, and conducted many small cap investment interviews. Wareham graduated from Western University in 1990, with a degree in economics and English. He has earned several financial industry designations. He has been a professor of economics and a guest speaker on economics and political science at Canadian post-secondary institutions.
Bold Options Claims in Ring of Fire Region
The terms of the Agreement include aggregate cash payments totaling C$135,000 and aggregate exploration expenditures of C$250,000 over a four-year period. Upon the Optionee earning a 100% interest by fulfilling the terms of the Agreement, a 3% Net Smelter Royalty (NSR) will be granted to Bold. The Optionee retains the right to buy back one half of the NSR (1.5%) for C$1.5 million leaving Bold with a 1.5% NSR. The schedule of cash payments is:
C$25,000 upon execution of the Agreement;
C$50,000 payable six months following the execution of the Agreement;
C$30,000 payable on the third anniversary of the execution of the Agreement; and
C$30,000 payable on the fourth anniversary of the execution of the Agreement.
Exploration expenditures include:
C$25,000 on or before the six-month anniversary of the Agreement;
C$25,000 on or before the second anniversary of the Agreement; and
C$200,000 on or before the fourth anniversary of the Agreement.
A subsidiary of Dundee Corporation, Bold's co-Venturer in its Ring of Fire regional exploration project, retains a one-third interest in Bold's holdings within an area of interest that includes the Ring of Fire and is part of an option agreement signed in 2011 (see Bold news release dated April 12, 2011).
A recent article, posted on the Bold website, describes how the U.S. Military takes an interest in critical mineral development in Canada U.S. Military Finances Canadian Miners.
Additional articles relating to critical minerals and the "Ring of Fire" news can be accessed at Bold's Critical and Battery Minerals page.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.
About Bold Ventures Inc.
The Company explores for Gold and Base Metals in Canada. Bold is exploring properties located within active gold camps of Northern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit www.boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"David B Graham"
David Graham
President and CEO
Neither 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
SOURCE: Bold Ventures Inc.
View the original press release on accesswire.com
News Provided by ACCESSWIRE via QuoteMedia
Bold Ventures Completes Electromagnetic Conductor Modelling at Farwell and Amends Option Agreements
Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") is pleased to announce that it has completed geophysical modelling of 6 high priority electromagnetic conductors identified by a helicopter-borne, versatile time domain electromagnetic (VTEM Plus) and magnetic survey carried out by Bold in 2022. A copy of the report may be found in the Project Reports section found on the Farwell Battery and Precious Metals Project page. Combined with the geological and geophysical work accomplished to date, a drill program to test these targets has been developed
The Farwell Gold and Copper project is located approximately 55km northwest of Wawa Ontario and consists of 133 Cells and Multi Cells comprising 15,901 acres (6,935 hectares). For reporting purposes, the Farwell property has been divided into three areas exhibiting gold and copper mineralization. They are the Farwell Sulphide Zone, the Tundra Gold Horizon and the Koala Gold Area. The focus for this phase of work is the Farwell Sulphide Zone where historical diamond drilling intersected highly anomalous copper values ranging up to 1.47% Cu over 5.2m (Bennett and Thurston 1977). The Farwell property geology and exploration results can be viewed at the Farwell Battery and Precious Metals Project.
The Company is also pleased to report an agreement to amend the Farwell anniversary optional payments due on June 1, 2024 to become due on December 1, 2024. The amendment is subject to regulatory approval. Full details of the amended anniversary dates follow.
The Farwell Option Amendment
Further to the Company's Press Release dated October 3, 2023, the Company wishes to advise that the Farwell Option Agreement has been further amended on April 29, 2024 pursuant to a Third Amending Agreement (the "Farwell Third Amendment") as follows:
- by extending the date the cash option payment of $50,000 due on June 1, 2024 is payable to December 1, 2024;
- by extending the date the 400,000 shares are issuable from June 1, 2024 to December 1, 2024; and
- by extending the date an aggregate of $480,000 of work expenditures were due to have been made from June 1, 2024 to December 1, 2024.
All shares to be issued will be subject to a four month and one day hold period from the date of issuance. The Farwell Third Amendment is subject to TSX Venture Exchange ("TSX V") approval.
The Burchell Option Amendment
In addition, further to the Company's Press Release dated October 3, 2023, the Company wishes to advise that the Burchell Option Agreement has been further amended on April 29, 2024 pursuant to a Third Amending Agreement (the "Burchell Third Amendment") as follows:
- by extending the date the cash option payment of $60,000 due on May 1, 2024 is payable to November 1, 2024;
- by extending the date the 350,000 shares are issuable from May 1, 2024 to November 1, 2024; and
- by extending the date an aggregate of $200,000 of work expenditures were due to have been made from May 1, 2024 to November 1, 2024.
All shares to be issued will be subject to a four month and one day hold period from the date of issuance. The Burchell Third Amendment is subject to TSX V approval.
A recent article posted on the Bold website provides an overview of chromite markets that may be accessed on Bold's Critical and Battery Minerals page.
Bold's Koper Lake Project
Bold's Koper Lake Project is located in the Ring of Fire. The Company owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource (the Black Horse) of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.
The Black Horse is contiguous with the Blackbird Chromite deposits owned by Wyloo Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from their Eagle's Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans for Ontario and the rest of North America. The Company is encouraged by these ongoing developments in this emerging critical minerals mining camp.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.
The technical information in this news release was reviewed and approved by Gerald D. White, B.Sc., P. Geo., a qualified person (QP) for the purposes of NI 43-101.
About Bold Ventures Inc.
The Company explores for Battery, Critical and precious Metals in Canada. Bold is exploring properties located in active gold and base metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"David B Graham"
David Graham
President and CEO
Neither 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
SOURCE: Bold Ventures Inc.
View the original press release on accesswire.com
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Bold Ventures Presenting at the 2024 Ontario Prospectors Exploration Showcase
Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it will be presenting an update of the Company's projects at the Ontario Prospectors Exploration Showcase on April 23, 2024. Located in Thunder Bay, the Exploration Showcase focuses on Northwestern Ontario exploration activities. Bold's discussion will center on its gold and critical minerals properties. Bold's exploration work on these projects over the past three years has positioned them for multiple drill programs
Having focused on critical and precious metals, Bold's management believes that these commodities offer the best opportunities while navigating the future of mineral exploration.
Over time, the makeup of electric vehicle batteries will evolve and employ various technologies and combinations of battery metals. Copper, which has an existing long term historical market supported by a spot price on the London Metal Exchange, is one metal that will be utilized in the vast majority of these applications. The recent upward trend in gold can only be described as robust. Bold's Management and Technical Team has been exploring for gold and battery metals for decades! Combined with our legacy projects in the Ring of Fire the coming years hold substantial promise.
News from the Ring of Fire
Recent news from the Ring of Fire can be reviewed via the links on our Critical and Battery Minerals page found within the investors section of our website.
The environmental assessment process for all-weather road access to the Ring of Fire continues to proceed as three proposed road projects: The Northern Road Link, The Marten Falls Community Access Road and The Webeque Supply Road. Recent information and progress regarding these projects may be accessed via the links provided on Bold's Critical and Battery Minerals page.
Bold's Koper Lake Project is located in the Ring of Fire. The Company owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource (the Black Horse) of 85.9 Mt grading 34.5% Cr2O3 at a cut-off of 20% Cr2O3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.
The Black Horse is contiguous with the Blackbird Chromite deposits owned by Wyloo Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from their Eagle's Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans for Ontario and the rest of North America. The Company is encouraged by these ongoing developments in this emerging, critical minerals mining camp.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.
The technical information in this news release was reviewed and approved by Gerald D. White, B.Sc., P. Geo., a qualified person (QP) for the purposes of NI 43-101.
About Bold Ventures Inc.
The Company explores for Battery, Critical and precious Metals in Canada. Bold is exploring properties located in active gold and base metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"David B Graham"
David Graham
President and CEO
Neither 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
SOURCE:Bold Ventures Inc.
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Bold Ventures Provides Year End Project Overview
Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") wishes one and all a very Merry Christmas and Holiday season! All the best to you and yours in 2024
We are pleased to provide the following projects overview with highlights.
Farwell Battery and Precious Metals Project (Cu, Zn, Pb, Au, Ag):
Between 2019 and 2023 Bold carried out data compilation, multiple prospecting and sampling programs, a ground geophysical test survey and a modern airborne VTEM electromagnetic (EM) and magnetic (Mag) survey. Of particular note is an interpretation and comparison of the 2022 property scale VTEM EM and Mag survey with the 1987 Ontario Geological Survey (OGS) Dighem regional airborne EM and Mag survey. The results indicate that the location of the historical drilling in the Farwell Sulphide Zone (FSZ) does not compare well with the location of the modern 2022 survey anomalies within the same vicinity. The historical drill intersections at the Bibis Copper Prospect (1.5% Cu over 5.2 m) and the Burex Copper Occurrence (massive sulphides over 10.7 m); (Bennett and Thurston 1977) did not appear to adequately test the conductor locations identified in the 2022 survey. The location of the 2022 VTEM anomalies provide a more accurate basis for drill targets to test and explain the conductors that may represent copper bearing massive sulphides. Six diamond drill holes are recommended to test the various conductive anomalies. This report is available on the Bold website here.
An interpretation of the Farwell property geology and geophysics in context with the regional scale geophysics and geology indicates the presence of a Mag low anomaly, indicative of a NW- SE oriented fault system crossing the Farwell claim group. The structure appears to extend to the southeast and intersects with Wesdome Gold Mines Mishi open pit gold deposit located approximately 6 km to the southeast. Wesdome produced gold from the Mishi pit as recently as 2021. The Mag low may represent a structural conduit for the remobilization and emplacement of gold mineralization. A high resolution airborne Mag survey is planned to provide enhanced detail of the interpreted structure. The survey will have the added benefit of better locating and orienting the battery metal drill targets located proximal to the Mag low and in the vicinity of the Farwell Sulphide Zone (FSZ). A planned drill program will follow the high-resolution Mag survey.
The Traxxin Gold Project (Au):
In 2020 and 2021 Bold carried out multiple prospecting, sampling, stripping and channel sampling programs on the Traxxin Gold Property. Stripping at the north end of the Main Zone indicates that additional sub-parallel shear zones may be present.
Stripping, mapping, sampling and drilling at the south end of the Main Zone indicates lower grade gold mineralization between it and the Teardrop Zone (2.65 g/t Au over 1 m and .21 g/t over 42 m) (Sims 2019) within a more structurally complex geological setting. Additional geological and geophysical work in the southern portion of the claim group is recommended.
Bold completed four diamond drill holes in 2021 to test the Main Zone gold system at depth. The results confirmed the presence of gold mineralization in all four drill holes. Hole BV-21-04 located at the north end of the Main Zone, intersected 3.6 g/t Au over 12.3 m (including 6.13 g/t Au over 4.9 m) at a vertical depth of approximately 150 m in the deepest drill hole to date. A geophysical survey is recommended to accurately trace the gold bearing structure to the north, where it remains open, and to determine if any new sub-parallel shear zones exist. It is anticipated this would take place just before the next drill program.
The Burchell Battery and Precious Metals Project (Cu, Zn, Ni, Au, Ag, Mo):
In 2006 a VTEM airborne electromagnetic (EM) and magnetic (Mag) survey was carried out over the western portion of the Burchell claim group. In 2017 a NI 43-101 property report was completed (NI 43-101 Technical Report on the Burchell Lake Property, Northwestern Ontario Thunder Bay Mining District NTS Sheet 52B/10SE, Prepared by Ike A. Osmani, M.Sc., P.Geo.). A recent interpretation and comparison of the 2006 VTEM survey with an historical Aerodat regional airborne EM and Mag survey (OGS 1991), has indicated that a VTEM survey covering the east side of the claim group is recommended. This survey will provide the most up to date geophysical data upon which to base subsequent exploration work.
A prospecting and sampling program was carried out in September of this year (2023). A bedrock grab sample collected within a magnetic-high area along the main access road in the south-central portion of the property, returned 0.11% Cu and 0.15% Ni. A number of samples are pending receipt. Several locations were recommended for potential stripping and sampling. This work also provided valuable knowledge concerning the property geology.
Koper Lake Project in the Ring of Fire
In September of 2022 Bold's JV partner at the Koper Lake Project, Canada Chrome Corporation, acquired a 50% interest in the Koper Lake claim group from Fancamp Exploration for $34.5M via a secured convertible promissory note in the principal amount of C$34.5 million (for complete terms of the transaction see KWG press release dated September 1, 2022).
Bold has vested a 10% carried interest (to production) in the Black Horse Chromite NI 43-101 Inferred resource of 85.9 M tonnes of 34.5% Cr2O3 at a cutoff grade of 20% (KWG Website 2023). Bold also has a 40% working interest in all other metals found within the claims. Bold also has a Right of First Refusal on a 1% Net Smelter Return Royalty covering all metals produced from the property
The Ring of Fire access and infrastructure development continues within the environmental permitting process. The two closest First Nations are acting as proponents for the all-weather access and supply roads. Information about Bold's Ring of Fire projects, the Ring of Fire infrastructure development and various critical mineral articles can be accessed on the Bold Critical and Battery Minerals page.
The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) under National Instrument 43-101.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr).
About Bold Ventures Inc.
The Company explores for Battery, Critical and Precious Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa areas of northwestern Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"David B Graham"
David Graham
President and CEO
Neither 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
SOURCE:Bold Ventures Inc.
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Bold Ventures Completes Work at Burchell Copper Gold Project and Reports on AGM
TORONTO, ON / ACCESSWIRE / November 16, 2023 /Bold Ventures Inc. (BOL:TSX.V) (the "Company" or "Bold") is pleased to announce that its exploration crew has recently completed prospecting and sampling work at the Burchell Copper and Gold Project. The basis for this work was established by a review of the historical work found within and around the Burchell claim group. The program was carried out through the month of September.
The 2006 Geotech Ltd. Versatile Time-Domain Electromagnetic (VTEM) survey and the 1991 Ontario Geological Survey regional airborne Aerodat Mag-EM (Magnetic-Electromagnetic) survey carried out over the Burchell property both indicate the presence of significant conductors recommended for follow-up work. The VTEM survey which only covers the west side of the property, contains greater detail with a clearer signal, greater depth penetration and closer line spacing than the "regional" survey with the Aerodat system. The Aerodat survey covers the claims at wider line spacing and consequently, provides less detailed information. (see Bold press release dated March 6, 2023) here.
During this program 103 grab samples were collected, with most assays still pending. However, the results from 8 grab samples have been received. They ranged in values from 1.9 ppm Copper (Cu) up to 1130 ppm Cu (0.11% Cu) and 2.1 ppm Nickel (Ni) up to 1480 ppm Ni (0.15% Ni). This may indicate the presence of a magmatic Ni-Cu-PGM mineralized system in the vicinity (PGM analysis is pending on these samples). Sampling of sheared felsic volcanic rocks along one of the VTEM conductor axis in the north-central portion of the property, returned 2.38 g/t Gold (Au).
The area extending to the northeast, along trend from the Hermia Lake copper showing and locations within the central and eastern part of the claim group were sampled. This phase of work has confirmed that additional electromagnetic and magnetic surveys are recommended to complete the geophysical survey coverage of the claim group. The east side of the property has seen very little exploration work. To understand what this means for the mineral potential of the project, please visit the Burchell Battery and Precious Metals Project.
Bold Ventures AGM
At Bold's Annual General Meeting held on October 26, 2023, shareholders overwhelmingly approved all matters in the Notice of Meeting (99.78 % support) including the adoption of the 2023 Incentive Stock Option Plan (the "2023 SOP"). The 2023 SOP was appended to the Management Information Circular (the "Information Circular") dated September 6, 2023 as Schedule "D", a copy of which was filed on sedarplus.com on September 26, 2023. All changes to the 2015 Stock Option Plan made pursuant to the 2023 SOP are set out in a black-lined version of the 2023 SOP appended as Schedule "E" to the Information Circular. The Company wishes to bring to the attention of shareholders the following amendments. The 2023 SOP requires that the Company obtain disinterested shareholder approval of any decrease in the exercise price of or extensions to any stock options granted to individuals that are insiders at the time of the proposed amendment. In addition, the 2023 SOP clarifies the fact that any option that has an expiry date that occurs within ten (10) Business Days from the end of a Blackout Period shall not be extended and shall expire if unexercised by the original expiry date.
In other news, The Northern Ontario Business Magazine recently published an article of interest concerning the Ring of Fire development. You may access this article here.
The technical information in this news release was reviewed and approved by Gerald D. White, B.Sc., P. Geo., a qualified person (QP) for the purposes of NI 43-101.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr).
About Bold Ventures Inc.
The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
"David B Graham"
David Graham
President and CEO
Neither 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: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
SOURCE: Bold Ventures Inc.
View source version on accesswire.com:
https://www.accesswire.com/803950/bold-ventures-completes-work-at-burchell-copper-gold-project-and-reports-on-agm
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Astral Resources NL (ASX: AAR) – Reinstatement to Quotation
Description
The suspension of trading in the securities of Astral Resources NL (‘AAR’) will be lifted immediately following the release by AAR of an announcement regarding the outcome of an application to court by the Company seeking orders in relation to the Company’s inadvertent failure to lodge a cleansing notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) within the prescribed 5 day period after the issue of shares on 9 April 2024.
Issued by
ASX Compliance
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This article includes content from Astral Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
First Diamond Drilling Results at Ricciardo Deliver High-Grade Gold Extensions
Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and release the first results from diamond drilling undertaken at the Ricciardo deposit within its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).
HIGHLIGHTS:
- Next phase of drilling activities progressing strongly at Ricciardo and M1.
- Approximately 5,030m RC (29 holes) and 1,420m diamond drilling (16 holes) completed to date.
- The first diamond drilling undertaken at the 2.3km long Ricciardo deposit by any operator in ten years.
- Assay results returned for the first four (4) diamond tails (255m) of the program at Ricciardo have seen all holes intersect significant gold intervals, including:
- 19m @ 4.94 g/t Au from 188m (RDRC039 DD) * includes contiguous final RC result of 4m @ 14.49 g/t from 188m
- 12m @ 6.98 g/t Au from 110m (RDRC040 DD) inc. 3m @ 22.12 g/t Au from 112m
- 16m @ 2.30 g/t Au from 243m (RDRC055 DD) inc. 6m @ 3.13 g/t Au from 252m
- 17m @ 2.38 g/t Au from 264m (RDRC055 DD) inc. 8m @ 4.03 g/t Au from 273m
- Delivers further high-grade extensional success to existing Mineral Resource Estimate (MRE) model below the Silverstone North pit (Holes 40, 55) and infill confidence to MRE below northern end of the Ardmore pit (Hole 39).
- These outcomes build on the growth in high-grade deposit margins delivered at Ricciardo from the significant RC program executed earlier this year.
- Ricciardo sits in the middle of the 25km-long ‘Golden Corridor’ at Golden Range, which hosts six discrete deposits (18 historic pits) that are all open at depth and possess immediate growth potential.
- The ‘Golden Corridor’ is Warriedar’s key exploration focus in 2024.
This is the first diamond drill program at Ricciardo since 2014, when just three (3) diamond holes were drilled by the previous operator.
The results reported in this release are for four (4) (255m) of the 16 (1420m) diamond holes drilled to date. Approximately 2,200m of diamond drilling is planned as part of the current phase of combined RC and diamond drilling at Ricciardo and M1.
The results from these initial four diamond holes extend the high-grade shoot below the Silverstone North pit and infill a previous gap in the high-grade zone of the MRE below the northern part of the Ardmore pit (adding confidence and continuity to the MRE in this area).
These outcomes, while stemming from only a small part of the overall current phase of drilling, continues to demonstrate the outstanding MRE growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.
Figure 1: The Golden Range and Fields Find Projects Mines and projects within trucking distance of the Warriedar tenure are shown. The location of the Ricciardo deposit within the 25km-long ‘Golden Corridor’ at the Golden Range Project is annotated
The Ricciardo gold system (within the Golden Range Project) spans a strike length of approximately 2.3km, with very limited drilling having been undertaken below 100m depth. Ricciardo possesses a current Mineral Resource Estimate (MRE) of 8.7 Mt @ 1.7 g/t Au for 476 koz gold.1 The oxide material at Ricciardo has been mined by previous operators.
Click here for the full ASX Release
This article includes content from Warriedar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Tartana Minerals
Investor Insight
Tartana Minerals is a new copper producer generating strong cash flow, with a substantial exploration footprint in a tier 1 mining jurisdiction. Tartana Minerals is creating shareholder value through investment in increasing its existing copper, zinc and gold resources and accelerating exploration of key projects within its highly prospective exploration portfolio. Tartana Minerals presents a compelling investment against the backdrop of a strong macroeconomic environment for copper.
Overview
Tartana Minerals (ASX:TAT) is a copper, gold, silver and zinc, producer, explorer and developer in Far North Queensland. Its flagship project is the 100 percent owned Tartana copper and zinc project which comprises four mining leases located north of Chillagoe. The company’s business model has involved refurbishing an existing heap leach - solvent extraction – crystallisation plant which is located on the Tartana mining leases. The refurbishment and commissioning of this plant is now completed and the company is producing copper sulphate pentahydrate which is sold to offtaker, Kanins International. Copper sulphate is priced on a premium plus percentage of the LME copper price and provides investors with leverage to anticipate increasing copper prices.
The company, formerly known as R3D Resources, changed its name to Tartana Minerals in April 2024. Tartana Minerals is based in Sydney, Australia.
Tartana Minerals has reported the following resources:
- 45,000 contained copper at 0.45 percent copper in combined inferred and indicated resources in the Tartana open pit and northern oxide zone
- 39,000 tonnes of contained zinc at 5.29 percent zinc in inferred resources in the Queen Grade project, also located on the Tartana mining leases, and
- 415 koz contained gold at 0.34 g/t in inferred resources at Mountain Maid – subject to a mining lease application.
These copper, zinc and gold resources remain open at depth and along strike and the company has designed drilling programs to expand these resources. In particular, the copper mineralisation and potentially the gold mineralisation have scope to be upgraded through ore sorting.
However, the refurbished heap leach – solvent extraction – crystallisation plant utilises existing copper in the ponds and the heaps and these copper sources will be replenished when we commence mining from the open pit.
The first and second shipments of copper sulphate were sold during the June 2024 quarter with further shipments are currently being prepared. The copper sulphate contains 25 percent copper metal and payment is based on the LME copper price for the preceding month plus a premium. It is one of the few forms of saleable copper where the copper content receives the full LME price.
Exploration
Chillagoe region of Far North Queensland is highly prospective with the discovery and development of a number of key projects over the last few decades including Red Dome (2.5 Moz gold), Mungana (1.2 Moz gold), and King Vol (250 kt zinc). These deposits occur along the Palmerville Fault in a similar location to the Tartana Mining leases.
The mining leases at Tartana contain copper, zinc and gold mineralisation but the company also has significant projects which are both east and west of the Palmerville Fault. In the west it has the Cardross and Mountain Maid copper-gold projects and further north it has the Beefwood project. Mountain Maid has gold resources mentioned above and which are open to the south and at depth while the company is finalising a maiden copper resource for the Cardross project. The Beefwood project comprises a buried geophysical target and surface sampling has recovered samples grading up to 180 g/t Au with no apparent source. Drilling is planned to test this target in the current dry season.
In the east of the Palmerville Fault, the company has the Bellevue/Dry River project, the OK South project and the Dimbulah Porphyry project, all copper projects with historic copper mines and prospects. Like many parts of Far North Queensland, historical exploration has not been systematic and thorough despite many promising expressions of surface mineralisation.
Tartana’s exploration team comprises of experienced exploration geologists with supporting cash flow from their copper production, they expect to be able drill the most promising targets in the short term.
Strong Macroeconomic Environment for Copper
Overall, the macroeconomic environment for copper remains strong. The LME three-month copper price hit US$5.24/lb on May 17, the highest since March 7, 2022, driven by a weaker US dollar, Chinese property stimulus measures, and a short squeeze on the Chicago Mercantile Exchange futures market.
In the near-to-mid term China’s demand for refined copper is expected to grow, due to better-than-expected performances from key consumer segments, including the power grid, solar installations and electric vehicle and air conditioning appliance sales. On the supply side the copper concentrate market is expected to remain in a significant deficit due to the estimated delay in the Cobre Panama mine restart but will be partially offset by the higher projected production from smelters in China. As a result, we see further demand growth and supply tightening for the copper market as positive for base metal equities who maintain significant leverage to increasing prices.
Company Highlights
- Tartana Minerals is producing copper sulphate pentahydrate from its heap leach – solvent extraction – crystallisation plant in Chillagoe with a 100 percent offtake agreement with Kanins International.
- Copper sulphate is priced at a premium plus percentage of the LME copper price, providing exposure to the booming copper market
- With copper, zinc and gold resources in separate projects and all within granted or soon to be granted mining leases, the company is investigating processing options which can potentially utilise available infrastructure.
- Near-term catalysts include targetted drilling programs to increase the JORC resource and expand on metallurgical test work, increasing the resource grade and estimate
- With the copper sulphate plant fully commissioned and in production, the company is now accelerating its exploration activities. The company has a range of prospects from advanced brownfields projects near existing historical mines to many prospects containing ‘ore grade’ surface mineralisation which have not been tested at depth.
- The company’s exploration portfolio includes the Beefwood/Bulimba, Bellevue, Dimbulah, Cardross and Maid projects. The exploration team is focused on target generation, particularly with the addition of critical minerals within its existing tenure and elsewhere.
Management Team
Jihad Malaeb – Non-executive Chairman
Jihad Malaeb is an experienced entrepreneur across a number of industries, including hospitality and construction, as well as having significant experience in mineral exploration and mining operations – both as an active investor and company director. He currently owns and operates a portfolio of hospitality businesses and real estate across Australia, which have been established over the past 30 years. Malaeb was previously a non-executive director of Critical Resources (ASX:CRR), where he helped steer CRR through the past few years as one of its largest shareholders and as a board member.
Dr Stephen Bartrop - Managing Director
Steve Bartrop’s professional experience spans more than 30 years covering periods in both the mining industry and financial sector. With a geology background, Bartrop has worked in exploration, feasibility and evaluation studies and mining in a range of commodities and in different parts of the world. In the financial sector, he has been involved in research, corporate transactions and IPOs spanning more than 20 years, including senior roles at JPMorgan, Bankers Trust and Macquarie Equities.
Bartrop is also a director of Southwest Pacific Bauxite (HK), a company developing a bauxite project in the Solomon Islands and chairman of Breakaway Research.
Bruce Hills – Executive Director
Bruce Hills is an accountant and is currently an executive director of Breakaway Investment Group, which operates the Breakaway Private Equity Emerging Resources Fund. Hills is a director of a number of unlisted companies in the mining and financial services sectors including The Risk Board and Stibium Australia. Hills has 35 years’ experience in the financial sector including 20 years in the banking industry primarily in the areas of strategy, finance and risk.
Dr Alistair Lewis – Non-executive Director
Dr Alistair Lewis is a successful entrepreneur and highly experienced medical doctor with over 40 years’ experience. For the past 10 years Lewis has been involved in the management of mining and exploration companies. In 2017, Lewis established Oosen Lewis Mining in North Queensland. He financed the aggregation of a substantial portfolio of gold, tin, tungsten and antimony assets and instigated subsequent extensive exploration programs. These assets now form part of the QSM portfolio.
Michael Thirnbeck – Independent Non-executive Director
Michael Thirnbeck is an experienced geologist with over 25 years in managing numerous mineral development projects in Papua New Guinea, Indonesia and Australia. He has been a member of the Australasian Institute of Mining and Metallurgy since 1989 and holds B.Sc (Hons.) degree from University of Queensland.
Endeavour Pours First Gold at Lafigué Mine, Looks for More Côte d’Ivoire Opportunities
Endeavour Mining (LSE:EDV,TSX:EDV,OTCQX:EDVMF) said on Monday (July 2) that it has completed the first gold pour at its Lafigué mine in Côte d’Ivoire ahead of schedule, 21 months after construction began.
“We are proud to have achieved our first gold pour at Lafigué, which, alongside the first gold pour at the Sabodala-Massawa BIOX expansion that we achieved in April, marks the successful completion of the recent phase of investment and growth that we started in Q2-2022,” said CEO Ian Cockerill in a release shared by the company.
“We now begin a new phase of increased free cash flow generation, de-levering and enhanced shareholder returns."
Lafigué is Endeavour's fifth project built in West Africa in the last decade, and according to the company was discovered for US$31 million, a low cost compared to other discoveries in the industry.
The mine is expected to produce 90,000 to 110,000 ounces of gold during the company's 2024 fiscal year at an all-in sustaining cost of US$900 to US$975 per ounce. Output is expected to increase to around 200,000 ounces in Endeavour's 2025 fiscal year, with that level of output anticipated to continue for at least 13 years.
The first gold pour included gold from both gravity and carbon-in-leach circuits, yielding approximately 380 ounces of gold. The company expects the asset to reach commercial production during its fourth fiscal quarter this year.
Currently 1.8 million metric tons of ore grading 1.37 grams per metric ton are stockpiled at Lafigué.
From 2021 to 2025, Endeavour is aiming to discover 1.2 million to 1.8 million ounces of indicated resources at the Lafigué mining permit and the wider Fetekro exploration permit. It has achieved 50 percent of the target's lower end so far.
The company is also looking at other areas of the country in hopes of further success.
"We believe this level of value creation is repeatable in West Africa," noted Cockerill. "We have already identified the Assafou deposit on the Tanda-Iguela property in Côte d’Ivoire, where we have delineated a top tier resource and another potential cornerstone asset, which will underpin our next phase of organic growth in a few years time."
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Exploration Success, Capital Investment and Reserve Growth to Sustain Kibali's Production Profile
All amounts expressed in US dollars unless stated otherwise
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Africa's largest gold mine, Kibali, continues to deliver growth as its strong record of replenishing reserves and resources, and further investment in technology and capacity, position it to sustain its 750,000 ounces annual production past the current 10-year horizon to 15 years and beyond.
Speaking to media and other stakeholders today, Barrick president and chief executive Mark Bristow said Kibali was not only Africa's largest gold mine but also its most automated and, thanks to its three hydropower stations, a leader in renewable energy. When its back-up solar power plant and battery storage system are commissioned next year, the renewable component of its energy mix will increase to 85%.
"When we started building Kibali 14 years ago, this was one of the DRC's most underdeveloped regions. The value we created and the infrastructure we built here have since transformed it into a new economic frontier and a flourishing commercial hub, with a community that has grown from 30,000 to over 500,000 people. We've promoted this growth through investment in community development and partnering with local businesses we have mentored. Our Azambi power station, for example, was built by an all-Congolese team. Since 2010, Kibali's payments to local contractors and suppliers have amounted to almost $2.7 billion (CDF 7.6 trillion)," Bristow said.
"In addition, Kibali has written a new chapter in Barrick's long support for Africa's biodiversity by partnering with African Parks and the DRC Government to re-introduce a sustainable population of white rhino to the DRC's Garamba National Park, which the mine also supports in other ways. This means that, together with the Barrick coffee project in the Haut-Uele region aimed at revitalising the once vibrant Robusta coffee industry which Isiro was once renowned for, we are not only looking after our host countries in the present but also to their national heritage in the future."
Bristow said Kibali was built on partnerships with its stakeholders, notably the government and its host communities. Based on its success, Barrick was ready to invest in new gold and copper opportunities in the DRC, provided the government continued to build alongside it.
Enquiries:
DRC country manager
Cyrille Mutombo
+243 812 532 441
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking Information:
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "on track", "value-creating", "perform", "transform', "expect", "continue", "increase", "commitment", "grow", "will", and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: the anticipated benefits from Kibali's local procurement initiatives and investment in local partnerships and communities; Barrick's investment in community programs and projects; and Barrick's commitment to the DRC and potential further growth opportunities.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in the DRC and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; changes in mineral production performance, exploitation, and exploration successes; the possibility that future exploration results will not be consistent with the Company's expectations; disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key mining inputs due to the invasion of Ukraine by Russia; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; uncertainty whether some or all of Barrick's targeted investments and projects will meet the Company's capital allocation objectives and internal hurdle rate; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's handling of environmental matters or dealings with community groups, whether true or not; risks associated with new diseases, epidemics and pandemics; litigation and legal and administrative proceedings; employee relations including loss of key employees; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations to related to greenhouse gas emission levels, energy efficiency and reporting of risks; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
News Provided by GlobeNewswire via QuoteMedia
RETRANSMISSION: Prospector Announces Strategic Equity Investment By B2Gold
Prospector Metals Corp. ("Prospector" or the "Company") (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) is pleased to announce that B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) ("B2Gold") has agreed to complete a strategic investment into the Company. Pursuant to the transaction B2Gold has agreed to subscribe for an aggregate of 5,578,720 common shares of the Company (the "Shares") at a price of C$0.163 per Share for aggregate gross proceeds to the Company of $909,311.36 (the "Offering").
Rob Carpenter CEO and Director of Prospector said "We are excited to have B2Gold as a keystone shareholder in Prospector Metals and our team is looking forward to their technical input on our flagship ML Project, Yukon. B2Gold is a major global gold producer with a strong commitment to communities, sustainable mining and employee safety. This investment and technical partnership will allow Prospector to advance the ML project more efficiently and it represents an endorsement of our exploration philosophy and targeting methods."
The gross proceeds from the issue and sale of the Shares will be used exclusively for exploration and development purposes on the Company's ML Project in the Yukon (the "ML Project").
The Shares will represent a total position of approximately 9.9% of the issued and outstanding common shares of the Company upon completion of the Offering.
In connection with the strategic investment the Company and B2Gold have entered into an Investor Rights Agreement dated June 28, 2024 (the "Investor Rights Agreement"), pursuant to which the Company will form a four person Technical Committee, of which will one person nominated by B2Gold, that will advise on and oversee exploration and development of the Company's ML Project.
In addition, pursuant to the Investor Rights Agreement:
- B2Gold has been granted subscription rights pursuant to which, subject to regulatory approval, it may subscribe for additional common shares up to maximum amount that B2 Gold's aggregate ownership interest would not exceed 19.9% of the issued and outstanding common shares of the Company;
- B2Gold has been granted a participation right to maintain its pro rata ownership in connection with future equity financings as well as following the exercise of convertible securities of the Company.
- B2Gold has been granted a top-up right to acquire common shares in a market transaction to maintain its pro rata ownership in connection with future share issuances that are not an equity financing;
- B2Gold has been granted a right of first refusal on any transaction resulting in the sale or disposition of any part of the ML Project; and
- For a period of 12 months, subject to limited exceptions, B2Gold will be subject to standstill restrictions.
In the event that B2Gold's aggregate shareholdings are reduced to less than 5% of the issued and outstanding common shares of the Company on an undiluted basis, the Investor Rights Agreement will terminate.
In addition, pursuant to the terms of a property purchase agreement dated December 29, 2023, Troilus Gold Corp. ("Troilus"), who currently holds 9,222,164 common shares in the capital of the Company representing approximately 18.16% of the Company's issued and outstanding common shares, holds a participation right to maintain an ownership percentage of up to 19.9% of the Company's outstanding share capital (the "Troilus Participation Right"). Pursuant to the Troilus Participation Right, as a result of the Offering, Troilus has the right, for a period of up to ten (10) business days from the date hereof to subscribe for up to an additional 4,777,574 common shares at a price of $0.163 per common share (the "Participation Right Offering"). Assuming the Troilus elects to exercise its entire Troilus Participation Right, on closing of the Participation Rights Offering, Troilus will hold an aggregate of 13,999,738 common shares, representing 19.9% of the then issued and outstanding common shares of the Company.
Closing of the Offering and the Participation Right Offering are subject to the satisfaction of certain conditions, including receipt of approval by the TSX Venture Exchange. All securities issued in connection with the Offering and the Participation Right Offering will be subject to a hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
ML Project Overview
The ML Project located approximately 80 km from Dawson City, Yukon Territory, and 25 km northeast of the former Brewery Creek Gold Mine. The ML Project geology is extensively metal endowed with numerous instances of high-grade gold, silver and copper in drill holes, trenches and surface rock samples.
ML hosts one of the few remaining Tombstone-style intrusions in the Yukon that has not been systematically explored with no significant work completed since 2008 and as such, no modern Intrusion Related Gold (IRGS) exploration models have been applied to ML despite the presence of a diagnostic Au-As-Bi-Te-W geochemical signature.
Previous exploration focused on well exposed Au-Cu-W skarn mineralization proximal to syenite intrusions, however little work was completed within the intrusions. Nonetheless, the presence of skarn Au-Cu mineralization provides key evidence of an active, metal-rich intrusive system with over 24 known high grade Au surface occurrences that have never been drill tested and numerous high-grade Au drill and trench results remain open-ended.
About B2Gold:
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.
About Prospector Metals Corp.
Prospector Metals Corp. is a Discovery Group Company focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Ontario, Canada - a Tier-1 mining jurisdiction with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders, and seeking to develop partnerships and agreements that are mutually beneficial to all stakeholders.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Dr. Rob Carpenter at 604-354-6415 or by email at Rob-carpenter@rogers.com.
Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. 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 statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks and uncertainties related to the COVID-19 pandemic and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214970
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