Silver North Reviews 2023 Activities and 2024 Plans

Silver North Reviews 2023 Activities and 2024 Plans

(TheNewswire)

Silver North Resources Ltd.

Vancouver, BC TheNewswire - February 29, 2024 Silver North Resources Ltd. (TSXV:SNAG ) ( OTC:TARSF) (" Silver North " or the " Company ") is pleased to provide a summary of accomplishments in 2023 and its strategy and plans for 2024, including its flagship Haldane Silver Property in the historic Keno Hill District, Yukon and its Tim Silver Property, currently under option to Coeur Mining, Inc. ("Coeur").  With two high grade silver projects slated for drilling and management actively seeking new silver exploration opportunities, Silver North is planning for a busy 2024.

Focus on Silver

After a strategic review of the Company's robust exploration portfolio in 2023, management undertook the transition to focus on silver assets. With the increasing industrial demand for silver, largely driven by the green energy movement and two key high grade silver projects in the portfolio, there resided an opportunity to strategically position the Company as a silver explorer. To this end, Alianza Minerals Ltd. was rebranded to Silver North Resources Ltd, reflecting this focus on silver in North America, and in particular, its Haldane and Tim silver properties, both located in Canada's Yukon Territory.

Mark T. Brown, Executive Chairman of Silver North commented, "Industrial demand for silver has increased drastically in recent years, largely due to silver's excellent thermal and electrical conductivity and reflective properties. As a result, silver has become an essential component of green and high technological applications. The US Energy Information Administration forecasts that solar power generation will see the largest growth profile among electrical generation technologies through 2050. The solar power industry demand for silver in 2024 accounted for approximately 30% of all industrial demand and this is only expected to grow."

This new focus on silver discoveries through exploration led management to embark on divesting its remaining project portfolio by selling projects or relinquishing claims as they came due for renewal. The remaining projects in the portfolio continue to be marketed for option/jv or outright sale.

This includes assets in Colorado such as the Twin Canyon Gold project, a district scale sedimentary hosted gold target in close proximity to the La Plata copper porphyry system currently being explored by Metallic Minerals Ltd. and its investing partner Newmont Mining. Management was successful in obtaining the necessary approvals from the United States Forest Service permitting the Company to conduct a 9 hole (from 8 drill pads) reverse circulation drilling program totalling approximately 3,350 m of drilling. Drilling will test portions of a 3 km long gold-in-soil geochemical anomaly coincident with prospective stratigraphy known to host gold mineralization. The Charlene Mine, a small underground operation worked as late as the 1980s, anchors the known gold mineralization. Twenty-eight historic channel samples 1.5 to 10 metres in length were anomalous in gold, eight of which exceeded 2 g/t gold (including a highlight of 8.1 g/t gold over 3 metres). With a permit to conduct drilling in hand, this project provides an excellent opportunity for a gold-focussed explorer to take advantage of first-mover status and investigate the potential for regional-scale gold mineralization in a new district. As such, Silver North is actively seeking a partner to continue to advance the Twin Canyon target.

Management also continues to market the Klondike and Stateline copper projects in southwest Colorado, where exploration has targeted sediment-hosted copper mineralization similar to that currently being mined at the Lisbon Valley copper mine, 8 km along trend of the Stateline property. Drilling at Klondike in 2022, funded by an option partner, was not able to test the targeted fault structures thought to be the fluid conduits for copper mineralization noted on surface, however, one drill hole intersecting a fault splay returned 4.26% Cu over 1.06 m – an encouraging indication that the main target fault may indeed host copper mineralization. Silver North successfully obtained a four year extension of the Mining Lease at Klondike, giving the Company the exclusive right to explore the lease area for an additional 4 years by the Colorado State Land Board in 2023.

Management was successful in obtaining a five-year Class 3 Mining Land Use permit in June of 2023 for the Tim project in Yukon, enabling partner Coeur Mining, the operator at Tim under our option agreement, to conduct drilling and trenching. Coeur is expected to undertake the initial phase of drilling in 2024 and further details of this estimated $700,000 program are expected to be announced early in 2024.

Outlook for 2024

While the outlook for silver demand bodes well for silver price forecasts, the markets have not yet reacted significantly. Silver North will continue to advance Haldane and Tim and will also continue to evaluate new silver exploration opportunities that may be available due to current market conditions.  Management is actively reviewing a number of strategic acquisition opportunities and will report on them if and when any are concluded.

Haldane Silver Property, Keno Hill District, Yukon

Management has outlined a six-hole diamond drilling program for the Haldane Project in 2024. This program will target the extensions of high-grade silver mineralization at the West Fault Zone, a new discovery made in 2021. The initial discovery hole intersected 8.7 m (true width) of 311 g/t silver, 0.89% lead, and 1.13% zinc, with subsequent intersections returning strong grades and widths including 3.14 m (true width) of 1,351 g/t silver, 2.43% lead, and 2.91% zinc. Nine holes have identified this mineralization over a 90 m by 100 m vein zone along strike and down dip. It is believed that this mineralization continues along strike and to depth along a southwest plunge direction. The 2024 program will test this southwest plunge with 4 holes on 50 metre step outs.

A single drill hole is designed to test along strike to the south at the West Fault where two historic drillholes returned 3.04 m of 191 g/t silver and 0.58 m of 136 g/t silver near surface. The hole will test the West Fault deeper below the zone of oxidation and then continue to intersect the Main Zone Fault to the east where a historic drill hole intersected 3.08 m of 83.8 g/t silver in the subsurface at the overburden – bedrock interface.  Surface sampling of the Main Zone in the vicinity of the drillhole returned 223 g/t silver over 3.6 m.

Drilling will also investigate the Bighorn Target, a new discovery in 2019 where the only hole testing a 900 metre-long silver-lead soil geochemical anomaly returned 126 g/t silver over 2.35 metres. Follow up mapping and trenching has identified the Bighorn vein structure over 525 metres of strike in trenching and drilling and the Bighorn target is considered highly prospective to host high grade "Keno-style" silver vein mineralization.

Additional exploration at Haldane may include further trenching and airborne geophysics to help refine exploration targets, identify potential new vein structures and extend known structures.

Recent changes in the Keno District, including Hecla Mining Company's ("Hecla") acquisition of the Keno Hill mine complex and subsequent strong exploration results are expected to have a strong positive impact on the district, including discovery stage projects like Haldane. According to a recent press release (February 13, 2024), Hecla reports it has increased reserves by 45% since its acquisition of Keno in September, 2022. Haldane shares a claim border with Hecla's Keno Hill claims and is approximately 25 kilometers from Hecla's mine complex.

Tim Property, Silvertip-Midway District, Yukon

Silver North's wholly owned Tim Property is currently under option to Coeur and is located approximately 19 km north of Coeur's Silvertip Mine Property. Exploration at Tim is targeting silver-lead-zinc Carbonate Replacement Deposits (CRD) similar to that found at Silvertip. Coeur is funding exploration under an option agreement which was adjusted in 2023 to account for delays in permitting. The terms of the agreement include that Coeur can earn a 51% interest in the Tim Property by completing all exploration expenditures and cash payments due by December 31, 2026, which will total at least $3.55 million and $425,000 in cash payments respectively, and that Coeur can bring its interest up to 80% by making additional cash payments of $100,000 per year in 2027 and 2028, completing a positive feasibility study and informing Silver North by December 16, 2028, of Coeur's intention to develop a mine on the property. With a five-year permit now in hand, Coeur has agreed to fund a minimum $700,000 program in 2024 and Management expects that to include drill testing high grade silver mineralization found in trenches dating back to the mid-1980s. Resampling of these trenches by Coeur yielded results of 468.1 g/t Ag, 21.1% Pb, 0.3% Zn over 4.0 metres and 265.0 g/t Ag, 6.7% Pb, 0.9% Zn over 8.8 metres.  Coeur is finalizing the work plan for the 2024 program which is scheduled to start in June. Once the program has been fully defined, the work plan will be announced.

About Silver North Resources Ltd.

Silver North's primary assets are its 100% owned Haldane silver project and the Tim silver project (under option to Coeur Mining, Inc.). Silver North also holds non-core gold and base metal projects in Yukon Territory, Colorado and Nevada and is actively seeking to divest them. Silver North also holds certain royalties on projects in North and South America.

The Company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the US under the symbol "TARSF".

For further information, contact:

Jason Weber, President and CEO

Sandrine Lam, Shareholder Communications

Tel: (604) 807-7217

Fax: (888) 889-4874

To learn more visit: www.silvernorthres.com

Twitter/X:

LinkedIn:

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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

Copyright (c) 2024 TheNewswire - All rights reserved.

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Silver North Announces Closing of Final Tranche of Private Placement

Silver North Announces Closing of Final Tranche of Private Placement

(TheNewswire)

Silver North Resources Ltd.

Vancouver, BC, July 18, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that it has closed the third and final tranche (the " Final Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $89,000. Further to the Company's news releases dated June 21, 2024 and June 28, 2024, the Company has raised aggregate gross proceeds of $827,380 in the Offering.

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Coeur Commences Drilling at Silver North's Tim Project

Coeur Commences Drilling at Silver North's Tim Project

(TheNewswire)

Silver North Resources Ltd.

Vancouver, BC, July 3, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that the 2024 drilling program at the Tim Property, under option to Coeur Mining, Inc. ("Coeur" NYSE-CDE) has commenced. Coeur is funding and operating the program under an option agreement to earn up to an 80% interest in the property. Current plans are to complete approximately 2,000 metres of drilling targeting silver-lead-zinc Carbonate Replacement Deposit (CRD) mineralization similar to that found at Coeur's Silvertip Mine Property, 19 km to the south of Tim.

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Silver North Announces Closing of Second Tranche of Private Placement

Silver North Announces Closing of Second Tranche of Private Placement

(TheNewswire)

Silver North Resources Ltd.

Vancouver, BC, June 28, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that it has closed the second tranche (the " Second Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $175,880. Further to the Company's news release dated June 21, 2024, the Company has raised aggregate gross proceeds of $738,380 in the Offering.

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Silver North Announces Closing of First Tranche of Private Placement

Silver North Announces Closing of First Tranche of Private Placement

(TheNewswire)

Silver North Resources Ltd.

Vancouver, BC, June 21, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that further to its news release dated June 5, 2024, it has closed the first tranche (the " First Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $562,500.

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Silver North Announces Private Placement for Gross Proceeds of up to C$1.25 Million

Silver North Announces Private Placement for Gross Proceeds of up to C$1.25 Million

(TheNewswire)

Silver North Resources Ltd.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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RUA GOLD Closes C$8 Million Brokered Offering and Announces Commencement of Trading on the TSX Venture Exchange

RUA GOLD Closes C$8 Million Brokered Offering and Announces Commencement of Trading on the TSX Venture Exchange

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States .

Highlights

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Element79 Gold Corp Provides Update on Chachas Community Charter and Revenue Generation, M&A Activities

Element79 Gold Corp Provides Update on Chachas Community Charter and Revenue Generation, M&A Activities

(TheNewswire)

Element79 Gold Corp.

Vancouver, BC June 25, 2024 Element79 Gold Corp (CSE: ELEM, OTC: ELMGF, FSE: 7YS0), Hereinafter  ("Element 79 Gold", the "Company") a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects, is excited to provide the following updates about the social and business engagement in Chachas as well as highlight additional revenue-generating business underway.

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PROSPECT RIDGE ANNOUNCES FINAL CLOSING OF ITS OVERSUBSCRIBED PRIVATE PLACEMENT

PROSPECT RIDGE ANNOUNCES FINAL CLOSING OF ITS OVERSUBSCRIBED PRIVATE PLACEMENT

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce that it has closed the final tranche of its non-brokered private placement of $0.16 units (" NFT Units ") and $0.18 flow-through units (" FT Units ") announced May 29, 2024 and June 14, 2024 respectively, (see news releases for details). The final tranche consists of 2,912,500 NFT Units for gross proceeds of $466,000 plus an additional 7,717,441 FT Units for gross proceeds of $1,389,139.38 .

Prospect Ridge Resources Corp. logo (CNW Group/Prospect Ridge Resources Corp.)

In total, the Company has raised aggregate gross proceeds of $5,218,847.24 , comprised of $2,860,520 in NFT Units plus an additional $2,358,327.24 in FT Units.

CEO Mike Iverson commented, "We are incredibly grateful to everyone who has supported us during this financing round. Your trust and confidence in Prospect Ridge Resources is deeply appreciated. We look forward to delivering on our promises and working diligently to create value for all our shareholders. Your belief in our vision fuels our commitment to achieving significant results during our upcoming drill program."

In connection with the final tranche, the Company paid aggregate finder fees of $100,801.38 in cash, 73,062 finder warrants having the same terms as the NFT Unit warrants (exercisable at $0.25 ) and 495,063 finder warrants having the same terms as the FT Unit warrants (exercisable at $0.30 ). All securities issued in the final tranche are subject to a statutory hold period expiring on November 25, 2024 . The final tranche and associated finder fees are subject to final Exchange acceptance.

Insiders of the Company purchased an aggregate of 312,500 NFT Units ($50,000) and 27,777 FT Units ($4,999.86) , representing approximately 10.7% and 0.36%, respectively, of the NFT Units and FT Units issued in the final tranche. The common shares so acquired by insiders represent approximately 0.41% of the issued and outstanding common shares upon closing, and together with the common shares issuable on exercise of the warrants so acquired by insiders would constitute an aggregate number of common shares representing approximately 0.61% of the then issued and outstanding shares as of closing.

The participation by insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the transaction exceeds 25% of the Company's market capitalization as calculated in accordance with MI 61-101, and/or on the basis that no securities of the Company are listed or quoted on a stock exchange as specified in MI 61-101.

Use of Proceeds of the Offering

The gross proceeds of the NFT Placement will be used to fund exploration expenditures on the Knauss Creek Property and Holy Grail Property (the " Properties "), corporate development and general working capital, while the gross proceeds of the FT Placement will be used to fund exploration expenditures on the Properties and other Canadian Exploration Expenses that will qualify as "flow-through mining expenditures" as defined in subsection 127(9) of the Income Tax Act ( Canada ), and "BC flow-through mining expenditures", as defined in the Income Tax Act ( British Columbia ).

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge's management and technical team cumulate over 100 years of mineral exploration experience and believes the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

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

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as " intends " or " anticipates" , or variations of such words and phrases or statements that certain actions, events or results " may", " could ", " should ", " would " or " occur " . This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, positive exploration results at the Knauss Creek and Holy Grail projects and the Company's use of proceeds from the Private Placement. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/prospect-ridge-announces-final-closing-of-its-oversubscribed-private-placement-302206337.html

SOURCE Prospect Ridge Resources Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/25/c3787.html

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Silver Crown Royalties Goes Public on Cboe Canada

Silver Crown Royalties Goes Public on Cboe Canada

Cboe Canada Inc. ("Cboe Canada") is excited to announce the public markets debut of Silver Crown Royalties Inc. ("Silver Crown" or "SCRI"), a revenue-generating silver-only royalty company headquartered in Toronto. The company is now trading on Cboe Canada under the symbol SCRI .

Silver Crown unlocks previously unrecognized value by offering existing mining companies an up-front payment in exchange for the rights to revenues generated from the byproduct silver they mine. Silver Crown currently receives royalties from two mines, with another projected to begin producing revenues for Silver Crown in 2025, pending successful closing of the definitive agreement.

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Horizon Minerals Limited  Group Mineral Resources Statement

Horizon Minerals Limited Group Mineral Resources Statement

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an updated Mineral Resource Statement for the Company's gold projects located near Kalgoorlie-Boulder in the heart of the Western Australian goldfields (Figure 1*). In addition, following the merger with Greenstone Resources, the Company has also added the Burbanks, Phillips Find and 50% owned Mt Thirsty projects to the Company's resources.

Following the successful completion of the merger between Horizon Minerals Limited and Greenstone Resources Limited (formerly ASX-GSR), additional resource model work and reviews, the Company is pleased to provide a consolidated statement of group Mineral Resources as of 30 June 2024.

HIGHLIGHTS

- Mineral Resources currently stand at:

o 1.8Moz gold
o 20.2Moz silver, 104kt zinc
o 283kt nickel, 40.5kt cobalt and 296.2kt manganese (50% owned)

- Mineral Resources are underpinned by the large cornerstone Boorara and Burbanks assets

- Updated Mineral Resource Estimates (MRE) include a maiden MRE for Pinner, an update for Monument and a revision for Boorara which is currently under an Ore Reserve Study (ORS) from AMC Consultants

- Changes to the gold MREs include:

o Addition of 297,650oz from Burbanks open pit
o Addition of 167,920oz from Burbanks underground
o Addition of 13,000oz from Pinner
o Addition of 3,000oz from Monument, and
o Reduction of 20,240oz from Boorara

- Large Mineral Resource base and ongoing studies pave the way for a development profile aiming at sustained gold production and continuous cashflows

Commenting on the Group MRE upgrade, Managing Director and CEO Mr Grant Haywood said:

"It is very pleasing to have the Burbanks and Phillips Find assets under single ownership with Horizon's complementary and extensive project base. Together this provides 1.8 million ounce gold portfolio, which is a great platform to implement our near term strategy of cashflow from operations and further growth into the medium and long term".

The gold MREs include an updated Monument MRE and a maiden MRE for Pinner, both part of the larger Cannon project area, and a review of the cornerstone Boorara project. A summary of the revised MREs are as follows:

- Monument 740,000t grading 1.18g/t Au for 28,000oz at a 0.5g/t Au cut-off grade

- Pinner 330,000t grading 1.21g/t Au for 12,844oz at a 0.5g/t Au cut-off grade

- Boorara 10.53Mt grading at 1.27g/t Au for 428,000oz at a 0.5g/t Au cut-off grade

Cannon, Monument and Pinner Project Overview

The Cannon deposit (Figure 1*) is located 30 km east-southeast of Kalgoorlie in the Eastern Goldfields region of Western Australia on granted mining leases M25/333 and M25/357. The Cannon mine and surrounding area is dominated by mafic to ultramafic rocks of the Bulong Complex overlain by a sequence of felsic volcanics, volcaniclastics and sediments. Lithologies present include komatiitic mafics and ultramafics, peridotites, basalts and gabbros. Sedimentary rocks include shales and cherts with rare, banded iron formation. The geological structure is complex and dominated by the Cannon shear which is recognised as a key ingredient for local gold and possibly nickel sulphide mineralisation.

The gold mineralisation at the adjacent Pinner deposit is similar to Cannon and consists small pods of semi-continuous mineralisation with three dominant directions that highlight the structural complexity observed at Pinner. The dominant lodes trend SW/NE, N/S, and E/W with cross cutting faults influencing the geometry.

Gold mineralisation within the Monument deposit consists of two main zones oriented NNW and NW, dipping steeply to the west. There is some indication of faulting through the centre of the mineralised area.

Boorara Overview

The Boorara Gold Project is located 15 km east of Kalgoorlie-Boulder (Figure 1*) adjacent to the Super Pit, and 1 km southwest of the Nimbus Silver-Zinc Project site where established offices are connected to mains power and existing water supplies.

The deposit is hosted in a quartz dolerite comprising a sheeted quartz vein array system with bounding shear zones and late-stage cross faults. Mineralisation occurs as northwest dipping sheeted and stockwork quartz-carbonate vein arrays within the quartz dolerite host rocks, and steeply dipping zones along sheared geological contacts trending to the north-northwest.

*To view tables and figures with updated mineral estimates, please visit:
https://abnnewswire.net/lnk/181JSBZ2



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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Rio Silver Completes Agreement with Local Community at Jorimina Project, Peru

Rio Silver Completes Agreement with Local Community at Jorimina Project, Peru

Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) is pleased to announce it has finalized a surface access agreement ("the Agreement") with the local Community for a period of one year at the Company's Jorimina Project, an advanced goldsilver project near the city of Ayachucho in south central Peru.

A recently completed Environmental Impact Study and community workshops aided by the President and Council of the local community, represent the final steps of the drill permitting application process and allow for the initiation of activities at this highly prospective, bulk tonnage gold and silver target located at the Company's wholly owned, Jorimina, Gold / Silver Project.

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