Precious Metals

Quadro Shares Results from Its Optioned Staghorn Property

Quadro Shares Results from Its Optioned Staghorn Property

Quadro Resources Ltd. (TSXV: QRO) (OTC Pink: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce the final geochemical reporting of trenching and channel sampling from previously announced high grade gold results (refer to TRU Precious Metals Corp.'s ("TRU") news release dated November 23, 2022) from recent work completed by TRU on Quadro's recently optioned Staghorn property in Central Newfoundland and completed 130m northwest of the main Mark's Pond Shear zone.

"TRU collected a total of 159 channel samples within the recently excavated 275 m long trench, including 85 samples within a 23 m long easterly extension at the southern end of the trench along strike of a visible gold-bearing volcaniclastic and graphitic shear zone. This newly discovered high-grade gold zone has been named the "Northcott Gold Zone" to recognize the significant discoveries made by prospector Ed Northcott in this area."

Highlights (from TRU Precious Metals Corp.'s news release dated January 12, 2023)

- The Northcott Gold Zone is a significant gold discovery for TRU within a newly uncovered brittle-ductile shear zone located 130 m northwest of the Mark's Pond Gold Zone. This 2 to 3 m wide northeast trending shear zone contains abundant visible gold within quartz-carbonate veins and the surrounding wall rock.

- Significant channel sample gold results from the Northcott Gold Zone include (Figure 2 and Table 1):

  • 57.6 g/t Au over 2.5 m including 141 g/t Au over 1.0 m
  • 34.0 g/t Au over 2.0 m including 65.4 g/t Au over 1.0 m
  • 23.5 g/t Au over 2.0 m including 90 g/t Au over 0.5 m

- Channel samples in the Northcott Gold Zone were collected at 0.5 to 1 m intervals within 14 transects along a 23 m long northeast strike-line. A full QAQC program was implemented, and the majority of the channel samples underwent total pulp metallics analysis due to fire assay results returning >1 g/t Au.

- The Northcott Gold Zone remains open along strike to the southwest and northeast. TRU plans to extend the trench further in both directions and complete detailed structural mapping of the entire trench and additional channel sampling in spring 2023 prior to drilling this zone.

Quadro is pleased that ongoing efforts by TRU is continuing to show strong Au results within the Staghorn option. The new Northcott Gold Zone builds on the observed parallel gold bearing trends noted within the Mark's Pond zone and thus significantly adds to the overall potential of the area.

Quadro Closes Option Agreement with TRU for Quadro's Staghorn Project

On August 18, 2022, the Company announced that, further to its news release dated June 16, 2022, it closed the definitive option agreement with TRU. Pursuant to the terms of the option agreement, TRU has the option to acquire up to an aggregate 65% ownership in Quadro's Staghorn project located in central Newfoundland. The Staghorn project is a large claim package of 133 claim units in eight mineral licenses covering 3,325 hectares with a 12 km strike length of the auriferous Cape Ray Fault Zone.

Qualified Person

Wayne Reid, P. Geo., VP Exploration for Quadro and a qualified person as defined in National Instrument 43-101, is responsible for this release and supervised the preparation of the information forming the basis for this release.

About Quadro Resources - Quadro is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold in North America. The Company's shares trade on the TSX Venture Exchange under the symbol "QRO". Quadro owns a 100% interest in the Staghorn property which it has optioned to TRU Precious Metals Corp., owns a 100% interest in the Long Lake property, has an option to earn a 100% interest in the Yellow Fox/Careless Cove properties, and has an option to earn an initial 51% interest in the Tulks South Property, in Newfoundland.

On behalf of the board of directors,

Quadro Resources Ltd.

"T. Barry Coughlan"
President and CEO

Tel (604) 644-9561
info@quadroresources.com

"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." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections." For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151396

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Quadro Resources

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Quadro Closes Option Agreement with TRU for Quadro's Staghorn Project, Newfoundland

Quadro Closes Option Agreement with TRU for Quadro's Staghorn Project, Newfoundland

Quadro Resources Ltd. (TSXV: QRO) (OTC Pink: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce that, further to its news release dated June 16, 2022, Quadro has closed the definitive option agreement dated June 15, 2022 (the "Option Agreement") with TRU Precious Metals Corp. ("TRU").

Pursuant to the terms of the Option Agreement, TRU has the option to acquire up to an aggregate 65% ownership in Quadro's Staghorn Project (the "Staghorn Project") located in central Newfoundland. The Staghorn Project is a large claim package of 133 claim units in eight mineral licenses covering 3,325 hectares with a 12 km strike length of the auriferous Cape Ray Fault Zone. The Staghorn Project is comprised of two distinct groups of licenses (see Figure 1) which are immediately within and/or adjacent to TRU's flagship Golden Rose Project ("Golden Rose").

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Quadro Options Its Staghorn Central Newfoundland Gold Property to TRU Precious Metals Corp.

Quadro Options Its Staghorn Central Newfoundland Gold Property to TRU Precious Metals Corp.

Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce that, subject to TSX Venture Exchange (the "Exchange") approval, it has signed an option agreement for the Staghorn property in Newfoundland and Labrador (the "Property") with TRU Precious Metals Corp. ("TRU"), giving TRU the option to acquire up to an aggregate 65% interest in the Property (the "Staghorn Option").

THE STAGHORN OPTION

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Bathurst Metals Announces Peerless Claims Option

Bathurst Metals Announces Peerless Claims Option

(TheNewswire)

Bathurst Metals Corp

Vancouver, B.C. February 2, 2023 Bathurst Metals Corp. ("Bathurst" or the "Company") ( TSXV:BMV ) ( OTC:BMVVD ) is pleased to announce it has entered into a definitive Option Agreement with arm's length vendor BCT Holdings Corp . ("BCT") to acquire an undivided 100% interest in 12 mineral claims known as the "Peerless Property".  The Company previously entered into a letter of intent with BCT, the terms of which were announced on November 17, 2022.

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Silver Viper Announces Expiry of Non-Binding LOI

Silver Viper Announces Expiry of Non-Binding LOI

Silver Viper Minerals Corp. (the " Company " or " Silver Viper ") (TSXV: VIPR) (OTC: VIPRF) announces that its previously announced non-binding letter of intent (the " LOI ") dated November 6, 2022 as amended December 20, 2022 with Canasil Resources Inc. (TSXV: CLZ) (" Canasil ") has expired in accordance with its terms.

While the Company and Canasil are not proceeding with the transactions contemplated by the LOI following its expiry, the parties may still explore alternative strategic transactions in the future.

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AUGUSTA GOLD COMMENTS ON TRADING ACTIVITY

 Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B ) (" Augusta Gold " or the " Company ") is issuing this press release in response to recent trading activity of its stock.

Augusta Gold Logo (CNW Group/Augusta Gold Corp.)

Augusta Gold is not aware of any material, undisclosed information related to the Company that would account for the recent decrease in the market price and increase in level of trading volume of its shares of common stock.

The Company further confirms that it has no agreements, paid research relationships or any other marketing arrangements with any parties to provide marketing services to the Company.

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursuing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada . The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/augusta-gold-comments-on-trading-activity-301733953.html

SOURCE Augusta Gold Corp.

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Alianza Minerals Outlines Drilling Plans for 2023 at Haldane Silver Property, YT

Alianza Minerals Outlines Drilling Plans for 2023 at Haldane Silver Property, YT

(TheNewswire)

Alianza Minerals Ltd

Vancouver, BC TheNewswire - January 30, 2023 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) is pleased to provide an outline of drilling and other exploration activities planned for the Haldane silver project in the historic Keno District, Yukon Territory. Work will include airborne electromagnetic and magnetics surveys and drilling at the high grade West Fault silver discovery and the emerging Bighorn silver target.

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RETRANSMISSION: Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt

RETRANSMISSION: Prismo Metals Announces Definitive Agreement to Acquire Majority Interest in Hot Breccia Property in the Arizona Copper Belt

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo") is pleased to announce that it has signed a definitive agreement (the "Agreement") with Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) ("Infinitum") to acquire a 75% interest in the Hot Breccia porphyry copper-skarn project (the "Project" or "Hot Breccia") located in the Arizona Copper Belt which is home to some of the largest copper deposits in the world.

The Project consists of 227 mining concessions that lie about four kilometers from the historic Christmas mine which recorded production of about 481.6 Mlbs of copper from 20.2 M tons at a grade of 1.2% Cu plus significant gold and silver (Sources: Arizona Geological Society Spring Field Trip Guide in 2014). The Company has not been able to verify the production information and it is not necessarily indicative of the mineralization on the Hot Breccia property. It is believed that the Hot Breccia property may contain high grade skarn mineralization similar to that originally mined at the Christmas mine and the historical information is being used by the Company solely to plan and guide future exploration.

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Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project

Nevada Sunrise Engages McClelland Laboratories Inc. for the Gemini Lithium Project

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company", formerly Nevada Sunrise Gold Corp.) (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has contracted McClelland Laboratories Inc. of Sparks, NV ("MLI") to perform metallurgical leach tests on samples of lithium mineralization intersected by the Company at the Gemini Lithium Project ("Gemini", or the "Project") in Esmeralda County Nevada. Gemini is located in the Lida Valley, approximately 25 miles (38 kilometres) southwest of the only producing lithium mine in the United States at Silver Peak, Nevada .

Nevada Sunrise Metals Corporation logo (CNW Group/Nevada Sunrise Gold Corporation)

"Nevada Sunrise looks forward to the ongoing collaboration between MLI and our Nevada -based metallurgical consultant, Mr. Willem Duyvesteyn ", said Warren Stanyer , President and CEO of Nevada Sunrise. "We anticipate that the work of MLI's technical team will provide critical information about the lithium mineralization and extractability from sample material generated during our 2022 drilling campaign, to help guide future exploration and development at Gemini."

MLI has offered metallurgical, environmental, analytical testing and consulting services to the mineral exploration industry since 1987 and operates an ISO 17025 accredited facility that provides quality laboratory services during all phases of project development and operation. Willem Duyvesteyn, M.Sc.,  is renowned as an innovator in his field of and is the primary inventor and author of over 100 patents for mineral and hydrocarbon extractive technologies, including numerous applications for the extraction and leaching of metals and minerals from ores, brines, and solutions (see Nevada Sunrise news release dated November 15, 2022 ).

About Gemini

Gemini consists of 582 unpatented placer and lode claims (covering about nine square miles) located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966.

Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit.

In March 2022 , Nevada Sunrise began drilling geophysical targets at Gemini and intersected significant zones of lithium mineralization in sediment and groundwater in the first two holes (see Nevada Sunrise news release dated June 6, 2022 ). Drilling continues in 2023 with a Phase 2 drilling program of up to six additional holes. Final geochemical analyses for lithium-in-sediments and groundwater are pending for hole GEM23-03, which was completed in mid-December 2022 .

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Nevada Sunrise

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

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

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

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

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

FORWARD LOOKING STATEMENTS

This news release may contain forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the exploration plans at our Nevada lithium projects; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays encountered due to pandemic; delays in obtaining governmental approvals, financing, or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Year Ended September 30, 2022 , which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

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

SOURCE Nevada Sunrise Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/30/c5961.html

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