TSX Venture Exchange Stock Maintenance Bulletins

TSX VENTURE COMPANIES

BULLETIN V2024-0661

SITKA GOLD CORP. ("SIG")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

Effective at the opening Tuesday, March 5, 2024 , the common shares of SITKA GOLD CORP. (the "Company") will commence trading on TSX Venture Exchange. The Company is classified as a 'Mineral Exploration' company.

The Company is presently trading on the Canadian Securities Exchange

Corporate Jurisdiction:	British Columbia

Capitalization:	Unlimited common shares with no par value of which
	249,944,939 common shares are issued and outstanding
Escrowed Shares:	0 common shares

Transfer Agent:

Computershare Investor Services Inc.

Trading Symbol:

SIG

CUSIP Number:

860647106

Company Contact:	Corwin Coe
Company Address:	1500 - 409 Granville Street, Vancouver, BC V6C 1T2
Company Phone Number:	604-979-0509
Company Email Address:	info@sitkagoldcorp.com

_______________________________________

24/03/01 - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

BULLETIN V2024-0662

ANKH CAPITAL INC. ("ANKH.P")
BULLETIN TYPE: CPC-Filing Statement
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's CPC Filing Statement dated February 28, 2024 , for the purpose of filing on SEDAR+.

_______________________________________

BULLETIN V2024-0663

C3 METALS INC. ("CCCM")
BULLETIN TYPE: Halt
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

Effective at 6:09 a.m. PST , March 1, 2024 , trading in the shares of the Company was halted, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

BULLETIN V2024-0664

C3 METALS INC. ("CCCM")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

Effective at 6:45 a.m. PST , March 1, 2024 , shares of the Company resumed trading, an announcement having been made.

________________________________________

BULLETIN V2024-0665

EMPRESS ROYALTY CORP. ("EMPR")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 5,000,000 non-transferable common share purchase warrants (the "Bonus Warrants") to an arm's length party (the "Lender") in return for a $5,000,000 USD advance (the "Advance") under the $28,500,000 USD accordion loan facility (the "Facility") with the Lender, as announced by the Company on December 11, 2023 . Proceeds from this Advance will be used to fund a $5,000,000 USD gold stream on the Galaxy gold mine in South Africa owned by Golconda Gold Ltd., as previously announced by the Company on November 23, 2023 .

Pursuant to the terms of the Facility agreement dated December 5, 2023 (the "Agreement"), the Company may draw up to a maximum of $28,500,000 USD from the Lender. The Company's initial advance of $3,500,000 (the "Initial Advance") under the Facility (as announced on December 11, 2023 ) was used to repay the existing loan with an affiliate of the Lender, and for working capital purposes. All drawn amounts will bear an interest rate equal to the secured overnight financing rate plus 7.5% per annum. An arrangement fee of 2% from each draw will be added to the aggregate drawn amount. The amounts drawn from the Initial Advance and future drawdowns will mature 3-years from the date of the draw, and will be secured against the existing investment assets of the Company.

Each of the Bonus Warrants shall be exercisable into one common share in the capital of the Company at an exercise price of $0.31 for a period of 3 years from the date of issuance. The Bonus Warrants are subject to a four-month plus one-day hold period.

For further information, please reference the Company's press releases dated November 23, 2023 ; December 5, 2023 ; and December 11, 2023 , February 27, 2024 .

_______________________________________

BULLETIN V2024-0666

ICARUS CAPITAL CORP. ("ICRS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length acquisition of two theatre shows pursuant to a Purchase of Business Contracts Agreement dated January 31 , 2024. Consideration is 200,000 common shares.

For further details, please refer to the Company's news releases dated XX

________________________________________

BULLETIN V2024-0667

METALS CREEK RESOURCES CORP. ("MEK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on November 30, 2023 :

Number of Shares:	11,173,400 flow-through common shares

Purchase Price:	$0.03 per flow-through common share

Warrants:	11,173,400 common share purchase warrants to purchase 11,173,400 common shares

Warrant Exercise Price:	$0.06 per common share for a period of two (2) years

Number of Placees:	3 Placees

Insider / Pro Group Participation:


Placees	# of Placee (s)	Aggregate # of Shares

Aggregate Existing Insider Involvement:	N/A	N/A
Aggregate Pro Group Involvement:	N/A	N/A

Aggregate Cash

Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$19,500.12

N/A

650,004

Finder's Warrants Terms: Each finder's warrant entitles the holder to purchase one common share at a price of $0.05 for a period of two (2) years from the date of issuance.

The Company issued a news release on January 16, 2024 and February 15, 2024 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

_______________________________________

BULLETIN V2024-0668

NOUVEAU MONDE GRAPHITE INC. ("NOU")
BULLETIN TYPE: Brokered Private Placement
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement (the "Private Placement") as announced on a news release dated February 15, 2024 :

Number of Securities:	25,000,000 common shares

Purchase Price:	US$2 per common share

Warrants:	25,000,000 common share purchase warrants to purchase 25,000,000 common shares

Warrants' Exercise Price:	US$2.38 per share for a period ending at the earlier of the date upon which investors complete the financing relating to FID and five years from the date of issuance

Number of Placees:	2 Placees

Insider / ProGroup Participation: None

Agent's Fee:	BMO Nesbitt Burns Inc. received US$1,250,000 in cash

The Company has confirmed the closing of the Private Placement in a news release dated February 28, 2024 .

NOUVEAU MONDE GRAPHITE INC. (« NOU »)
TYPE DE BULLETIN: Placement privé avec l'entremise d'un courtier
DATE DU BULLETIN: Le 1 mars 2024
Société du groupe 2 de TSX Croissance

Bourse de Croissance TSX a accepté le dépôt de la documentation de la société en vertu d'un placement privé avec l'entremise d'un courtier (le « placement privé ») tel qu'annoncé dans un communiqué de presse daté du 15 février 2024:

Nombre d'actions:	25 000 000 actions ordinaires

Prix :	2 $ US par action ordinaire

Bons de souscription :	25 000 000 de bons de souscription permettant de souscrire à 25 000 000 d'actions

Prix d'exercice des bons :	2.38 $ US par action pour une période se terminant à la première des dates suivantes - la date à laquelle les investisseurs finalisent le financement relatif au FID ou à cinq ans à compter de la date d'émission

Nombre de souscripteurs:	2 souscripteurs

Participation d'initiés / Groupe Pro:	Aucune

Honoraire d'intermédiation:	BMO Marchés des capitaux a reçu 1 250 000 $ US en espèces

La société a confirmé la clôture du placement privé dans un communiqué de presse daté du 28 février 2024.

_______________________________________

BULLETIN V2024-0669

Outback Goldfields CORP. ("OZ")
BULLETIN TYPE: Halt
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

Effective at 4:53 a.m. PST , March 1, 2024 , trading in the shares of the Company was halted, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

_______________________________________

BULLETIN V2024-0670

PHENOM RESOURCES CORP. ("PHNM")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 19, 2024 and January 24, 2024 :

Number of Shares:	6,468,000 common shares

Purchase Price:	$0.17 per share common share

Warrants:	6,468,000 share purchase warrants to purchase 6,468,000 shares

Warrant Exercise Price:	$0.27 for a three-year period


Number of Placees:	27 placees

Insider / Pro Group Participation:


Placees	# of Placee (s)	Aggregate # of Shares

Aggregate Existing Insider Involvement:	4	376,646
Aggregate Pro Group Involvement:	2	210,000

Aggregate Cash

Amount

Aggregate #

of Shares

Aggregate #

of Warrants

Finder's Fee:

$6,473.60

N/A

The Company issued a news release on February 15, 2024 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

_______________________________________

BULLETIN V2024-0671

VIZSLA SILVER CORP. ("VZLA")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: March 1, 2024
TSX Venture Tier 2 Company

Effective February 23, 2024 , the Company's Prospectus Supplement dated February 23, 2024 (the "Supplement") to the short form base shelf prospectus dated March 31, 2023 was filed with and accepted by TSX Venture Exchange (the "Exchange").

The Exchange has been advised that closing occurred on February 29, 2024 , for gross proceeds of $34,500,000 (including the exercise of the over-allotment option).

Underwriters:	PI Financial Corp. (the "Lead Underwriter"), and Canaccord Genuity Corp., CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and BMO Nesbitt Burns Inc. (collectively with the Lead Underwriter, the "Underwriters").

Offering:	23,000,000 common shares of the Company ("Shares") (including those shares issued pursuant to the exercise of the over-allotment option).

Share Price:	$1.50 per Share.

Underwriter's Commission:	An aggregate cash payment of $2,070,000, being equal to 6% of the gross proceeds of the Supplement offering. 1,380,000 non-transferable compensation warrants ("Compensation Warrants") were issued to the Underwriters, and may be exercised into Shares at a price of $1.50 per Share at any time prior to February 28, 2026.


Over-Allotment Option:	The Company granted to the Underwriters an option to purchase additional Shares of up to 15% of the offering. The over-allotment option was exercised in full at closing, equal to 3,000,000 Shares at $1.50 per Share.

Please refer to the Company's news releases dated February 21, 2024 , and February 29, 2024 , for further details.

_______________________________________

SOURCE TSX Venture Exchange

View original content: http://www.newswire.ca/en/releases/archive/March2024/01/c4523.html

News Provided by Canada Newswire via QuoteMedia

Outback Goldfields TSXV:OZ Precious Metals Investing

OZ:CC

Outback Announces Signing of Definitive Agreement

Outback Goldfields Corp. (TSXV: OZ) (OTC Pink: OZBKF) (the "Company" or "Outback") is pleased to announce that further to its press release dated March 1, 2024 the Company has entered into a definitive share purchase agreement with S2 Resources Ltd. and one of its subsidiaries (collectively, "S2") whereby Outback will acquire (the "Transaction") a subsidiary of S2 holding its prospective portfolio of gold projects in Finland. The consideration to be paid to S2 will consist of a $1,500,000 cash payment and the issuance of $5,500,000 in common shares of Outback (the "Consideration Shares"). The Transaction remains subject to, among other things, Outback completing the previously-announced $5,000,000 non-brokered private placement (the "Offering"). The Consideration Shares will be issued at deemed price equal to the price of the Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Outback Goldfields Welcomes George Salamis as Strategic Advisor

Outback Goldfields Corp. (TSXV: OZ) (OTC Pink: OZBKF) (the "Company" or "Outback") is pleased to announce that, further to its announcement of the Letter of Intent to acquire S2 Resources' gold assets located in the Central Lapland district of Finland (see March 1, 2024 news release), Mr. George Salamis has agreed join Outback as a strategic and technical advisor.

Mr. Salamis offers a wealth of technical and strategic expertise in the Central Lapland district, having worked as Vice President of Riddarhyttan Resources AB and advancing what is now known as the Kittilä Mine until its sale to Agnico Eagle in 2006. The Kittila mine is Europe's largest producing gold mine, originally discovered by the Finish Geological Survey (GTK) in the late 1990's and then sold to Riddarhyttan as a small, shallow resource of less than 300,000 ounces of gold¹. Riddarhyttan conducted extensive drilling and engineering studies on the project, growing it to over 2.8 million ounces of contained gold by 2004¹. Agnico went on to acquire Riddarhyttan in 2005 and since then, has identified over 7.9 million ounces of gold resources on the project¹. In 2023, the Kittila mine produced 234,402 ounces of gold, and is expected to produce 230,000 ounces in 2024².

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

OUTBACK ANNOUNCES ACQUISITION OF FINNISH GOLD PROJECT PORTFOLIO FROM S2 RESOURCES AND CONCURRENT $5 MILLION FINANCING

TSX.V: OZ | OTCQB: OZBKF | FSE: S600

Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to announce that it has entered into a letter of intent dated February 16, 2024 (the Letter of Intent ") with S2 Resources Ltd. (" S2 ") to acquire all of S2's highly prospective portfolio of gold projects in Finland (the " S2 Finnish Projects "), by way of an acquisition (the " Transaction ") of S2's wholly-owned Finnish subsidiary, Sakumpu Exploration Oy (the " S2 Subsidiary "). On March 1, 2024 Outback notified S2 that it was satisfied with the results of its due diligence investigation, and the parties are now committed to proceeding with the Transaction subject to the terms and conditions set out in the Letter of Intent. Depending on the price and size of the Offering (as defined below), the Transaction may constitute a "Reverse Takeover" of Outback in accordance with Policy 5.2 Changes of Business and Reverse Takeover s of the TSX Venture Exchange (the " TSXV ").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

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

(TheNewswire)

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.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

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 .

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.

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.

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

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

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.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

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.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

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.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

SAMPLE	Easting	Northing	Au (g/t)	Description
OZC00954	728156	5826416	9.70	Quartz veining in shallow test pit
OZC00953	728157	5826416	7.33	Quartz veining in shallow test pit
OZC00956	728158	5826462	4.47	Quartz spur vein
OZC00929	728156	5826412	4.31	Quartz
OZC00955	728151	5826459	1.98	Quartz spur vein
OZC00957	728071	5826341	0.94	Quartz veining in shallow test pit
OZC00930	728131	5826361	0.93	Quartz from mullock on hill
OZC00944	731522	5823672	0.90	Oxidised quartz and sediment from mullock dump
OZC00934	728454	5826013	0.70	Quartz from mullock dump
OZC00931	728126	5826297	0.22	Quartz from shallow workings down hill

TSX Venture Exchange Stock Maintenance Bulletins

Latest News

Latest Press Releases

Related News

TOP STOCKS