JMW Property Diamond Drilling Commences, Chapais-Chibougamau Area, Quebec

JMW Property Diamond Drilling Commences, Chapais-Chibougamau Area, Quebec

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that Gitennes Exploration Inc. ("Gitennes") has commenced a diamond drilling program at the JMW property ("JMW") in the Chapais-Chibougamau area of Quebec. The Company entered into an option agreement Gitennes on November 3rd, 2022. Details can be found on the announcing and subsequent news releases at the Company's website.

The diamond drilling program is planned for approximately 1,200 metres in six diamond drill holes and is a follow up on results of the previously completed Induced Polarization ("IP") geophysical survey and historical work. Three distinct styles of mineralization/targets have been identified on JMW (Figure 2) and thirteen zones of interest from the IP survey are highlighted by chargeability anomalies (See Figure 2 dark lines). Strong anomalies occur in the sedimentary rocks and these rocks are known to host gold deposits and occurrences in the Chapais-Chibougamau area. The planned diamond drill program will target both sedimentary and intrusive rocks.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7129/147371_b0b63313b4b79a98_002.jpg

Figure 1: Geology, Exploration Target Areas and Induced Polarization Chargeability Anomalies. White lines were surveyed by IP, Magnetometer and VLF=EM. Red Lines were surveyed by magnetometer and VLF-EM only

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7129/147371_b0b63313b4b79a98_002full.jpg

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Figure 2: Maxwell and JMW properties in the Chapais-Chibougamau area of Quebec

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7129/147371_b0b63313b4b79a98_003full.jpg

About Newfoundland Discovery Corp.

Newfoundland Discovery is a Canadian junior mining exploration company focused on exploration and development along the Detour Gold trend in Quebec and the Central Gold Belt in Newfoundland and Labrador. The Company is one of the largest mineral claim holders in the Detour trend and retains significant landholdings in Newfoundland. The Company also holds an earn-in option agreement into the JMW and Maxwell projects in Chapais-Chibougamaua area of Quebec.

On Behalf of the Board of Directors,
Newfoundland Discovery Corp.

"Jeremy Prinsen"
President, CEO & Director

Investor Relations
Email: info@newfoundlanddiscovery.com
Website: www.newfoundlanddiscovery.ca

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

Forward-Looking Statement
This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147371

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Newfoundland Discovery Enters into Definitive Agreement to Sell Bouvier Lithium Property

Newfoundland Discovery Enters into Definitive Agreement to Sell Bouvier Lithium Property

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that, further to its news release dated November 2, 2022, the Company has entered into a definitive agreement (the "Agreement") whereby the Company has granted Mining Equities Pty Ltd. ("Mining Equities"), an Australian company the right to acquire a 100% interest in the Bouvier Lithium Property (the "Property"). The Bouvier Property consists of two (2) mineral claims comprising approximately 85 hectares, located in Quebec, Canada.

Under the terms of the Agreement, Mining Equities may acquire a 100% interest in the Property by paying the Company C$275,000. Closing shall occur no later than December 16, 2022.

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Maxwell Gold Property Geophysical Survey Commences and JMW Property Diamond Drilling to Begin, Chapais-Chibougamau Area, Quebec

Maxwell Gold Property Geophysical Survey Commences and JMW Property Diamond Drilling to Begin, Chapais-Chibougamau Area, Quebec

Newfoundland Discovery Corp. (CSE: NEWD) (OTC PINK: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that a 1,000-line kilometre airborne Triaxial Gradient Magnetometer ("MAG") survey has commenced on the Maxwell gold property ("Maxwell") in the Chapais-Chibougamau area of Quebec (see location map below). The MAG survey will cover the entire 9,400-hectare property.

Maxwell is a project that the Company entered into an option agreement with Gitennes Exploration Inc. (TSXV: GIT) to acquire up to an 85% interest in on November 3rd, 2022. The project is situated between two of Iamgold Corporation's properties with the Monster Lake high grade gold property six km to the east (see Figure 1). Maxwell has several occurrences of gold in both the fine and heavy fraction of glacial tills and the gold in tills is associated with mapped structures. The structures are northeast trending, similar to Iamgold's Nelligan property. Maxwell has seen very little exploration and several EM geophysical anomalies remain untested.

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Newfoundland Discovery Expands Portfolio with JMW and Maxwell Properties, Quebec

Newfoundland Discovery Expands Portfolio with JMW and Maxwell Properties, Quebec

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that the Company has entered into option agreements (the "Agreements") with Gitennes Exploration Inc. ("Gitennes") whereby Gitennes has granted the Company the option to acquire up to an 85% interest in two projects (called the "JMW" and "Maxwell" Properties), located in the Chapais-Chibougamau Area Quebec, Canada.

The JMW Property lies along the Guercherville Deformation zone which is host to several past producing mines as well as Iamgold's Nelligan deposit that hosts approximately 3.1 million of ounces of gold. The JMW Property has gold mineralization and visible gold in drill holes associated with the deformation zone. Gold has also been observed in intrusive rocks to the north of the deformation zone. Additionally, a target on JMW is the sediments which is the host rock for the neighbouring Nelligan deposit.

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Newfoundland Discovery Enters into LOI to Sell Bouvier Lithium Property

Newfoundland Discovery Enters into LOI to Sell Bouvier Lithium Property

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K-FF) ("Newfoundland Discovery" or the "Company") is pleased to announce that the Company has entered into a binding letter of intent (the "LOI") whereby the Company has granted Mining Equities Pty Ltd. ("Mining Equities"), an Australian company, the right to acquire a 100% interest in the Bouvier Lithium Property (the "Bouvier Property"). The Bouvier Property consists of two (2) mineral claims comprising approximately 85 hectares, located in Quebec, Canada.

Under the terms of the LOI, Mining Equities may acquire a 100% interest in the Bouvier Property by paying the Company C$275,000 at the closing of the definitive agreement. The Company has granted Mining Equities an exclusive due diligence period of forty-five (45) days in consideration of a non-refundable payment of C$1,000. Completion of the transaction is subject to a satisfactory due diligence period.

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Newfoundland Discovery Enters into LOI to Sell Chubb Lithium Property

Newfoundland Discovery Enters into LOI to Sell Chubb Lithium Property

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that the Company has entered into a binding letter of intent (the "LOI") whereby the Company has granted Mining Equities Pty Ltd. ("Mining Equities"), an Australian company, the right to acquire a 100% interest in the Chubb Lithium Property, consisting of thirty-five (35) mineral claims comprising approximately 1,509 hectares, located in Quebec, Canada (the "Property");

Under the terms of the LOI, Mining Equities may acquire a 100% interest in the Property by:

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Horizon Minerals Limited  First Ore Mined at Boorara Gold Project

Horizon Minerals Limited First Ore Mined at Boorara Gold Project

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on the development of the Boorara Gold Project. The 100% owned Boorara project is located 15km east of Kalgoorlie-Boulder, adjacent to the Super Pit in the heart of the Western Australian goldfields (Figure 1*).

HIGHLIGHTS

- Horizon approved the development of Boorara in late July 2024 to mine a series of four open pits containing 1.24Mt of ore at 1.24g/t Au for 49.5koz of gold

- Mining to occur over 14 months and processing over 19 months at Norton Gold Fields' Paddington plant to generate $30M in estimated free cashflow at a A$3,600/oz gold price

- Boorara mining services and surface ore haulage contracts awarded to Hampton Transport Services Pty Ltd on competitive terms, with no mining contractor payments until first gold pour sold and funds received

- Grade control program well advanced with nearly 80% of the program completed

- Mining commenced in August 2024 on single shift and first ore was exposed and mined in late September 2024

- Night shift operations commencing this week to increase production rates, building to four digger shifts

- Plan to establish an ore stockpile of 40-50kt at Boorara prior to haulage commencing
- First ore on track for delivery to Paddington in late October 2024 and first gold production expected in November

Commenting on the mining progress, Managing Director and CEO Mr Grant Haywood said:

"It is very pleasing that Boorara is on track for first ore delivery this month, with pouring of gold occurring in this high gold price environment delivering first revenue from Boorara very shortly.

Despite some labour shortages at site and in the general market, the work is progressing safely, efficiently and on schedule. We look forward to providing further updates on our progress at Boorara in due course".

Next Steps

Complete the remaining Phase 1 grade control drilling program, and continue to build the first parcel of ore for delivery to Paddington in late October 2024.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8D4H47O2



About Horizon Minerals Limited:  

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Dynasty Gold Begins Phase Two 2024 Drilling at Thundercloud

Dynasty Gold Begins Phase Two 2024 Drilling at Thundercloud

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce phase two of the Company's 2024 exploration program has started and its crew arrived at its Thundercloud property in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.

"Drill results released on September 23, confirming grades up to 24.53 g/t gold within a broad zone of mineralization at Pelham, demonstrate the continuity of high-grade gold discovered in 2022 and 2023. These high-grade assay results have significantly expanded the resource (NI 43-101 Resource Estimate Report, dated September 27, 2021) in tonnage and grade," said Ivy Chong, president and CEO of Dynasty Gold Corp. "With additional drilling this fall and into next year, and gold trading above $2,600 an ounce, we anticipate the resource could expand considerably when the NI 43-101 Resource Estimate Report is updated."

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Zodiac Gold Announces Exclusivity Agreement and Exploration Funding

Zodiac Gold Announces Exclusivity Agreement and Exploration Funding

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company") is pleased to announce that it has entered into an exclusivity agreement (the "Exclusivity Agreement") with Mable and Fable Limited ("Mable and Fable" or the "Investor"), an arm's-length private equity group focused on West African investments across various sectors including natural resources, banking, real estate, agriculture, and infrastructure sectors.

Pursuant to the Exclusivity Agreement, Zodiac Gold has agreed to negotiate exclusively with the Investor until December 31, 2024 with respect to a potential investment or strategic transaction between Zodiac Gold and the Investor. In exchange, the Investor has agreed to pay a US$2 million deposit to the Company (the "Deposit"), of which US$1 million will be funded immediately and US$1 million will be funded within 30 days.

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Element79 Gold Corp Secures LOI For Launching Tailings Reprocessing Business In Arequipa, Peru

Element79 Gold Corp Secures LOI For Launching Tailings Reprocessing Business In Arequipa, Peru

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC September 26, 2024 TheNewswire Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0, Hereinafter "Element79 Gold") a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects is pleased to announce the signing of a Letter of Intent (LOI) with S.M.R.L. PALAZA 16 (" Palaza "), marking a significant milestone in the Company's strategic efforts to restart the Lucero mine and concentrate its focus in the Arequipa, Peru region. This agreement represents a unique and substantial economic opportunity for both parties involved, with multiple additional social and environmental benefits for the local region and community.

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Couloir Capital Is Pleased to Announce It Has Initiated Research Coverage on Silver Crown Royalties

Couloir Capital Is Pleased to Announce It Has Initiated Research Coverage on Silver Crown Royalties

Couloir Capital is pleased to announce it has initiated research coverage on Silver Crown Royalties Inc. (CBOE CA: SCRI) (OTCQX: SLCRF) ("SCRI," or "Company"). The new report by Couloir Capital's Mining Analyst, Tim Wright, MSc., CFA, is titled "An emerging pure-play silver royalty company."

Report excerpt: "With the royalty and streaming business model, the royalty/streaming company provides funds to an operation (exploration, mining, mill, autoclave) in need of capital and, in return, either receive a portion of future revenue generated by an operation (royalty) or a portion of the physical metal produced (streaming). Royalties often cover multiple minerals or metals and offer no investor protection but are generally registered on title. Streams offer minimal protection for investors, are generally not registered on title, tend to cover a single element/mineral, and are considered a secured debt instrument. Registered on title means that a royalty/streaming agreement is legally recognized and attached to the property itself. This ensures that the rights to receive proceeds from any production remain intact if the property is transferred or sold.

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Couloir Capital is Pleased to Announce it has Initiated Research Coverage on Prospect Ridge Resources

Couloir Capital is Pleased to Announce it has Initiated Research Coverage on Prospect Ridge Resources

Couloir Capital is pleased to announce it has initiated research coverage Prospect Ridge Resources Corp. (CNX: PRR) ("PRR," or "Company"). The new report by Couloir's Senior Mining Analyst, Ron Wortel, MBA, P.Eng. Q.P., is titled "Extending the Golden Triangle with High-Grade Discoveries."

Report excerpt: "Prospect Ridge Resource Corporation is a Canadian-based public junior exploration company. The Company is exploring gold-silver-copper-rich mineralization on its Knauss Creek and Holy Grail projects south of the Golden Triangle region of BC. The Company is financed to conduct its initial +2,000 m drilling program on its highest priority target, Copper Ridge. They raised over $5.2 million earlier in 2024, a positive indication of support for their management team and the projects."

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