Precipitate Completes 2,700 metre Drill Program at Motherlode Gold Project in Newfoundland, Canada

Forward this email to a friend View email in your browser   Precipitate Completes 2,700 metre Drill Program at Motherlode Gold Project in Newfoundland, Canada Vancouver, B.C. – December 6, 2022 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce the completion of a diamond drilling program at the Company's Motherlode Gold Project ("Motherlode" or the "Project") within the Burin Peninsula of southern Newfoundland, Canada. Motherlode Zone Drill Program Highlights: The drill campaign totalled 2,716 metres of diamond drilling in 12 holes from 10 drill platforms. Hole depths ranged from 121 to 403 metres, averaging 209 metres deep. Core quality and recovery was excellent. Drill holes tested multiple chargeability high anomalies identified by recent induced polarization ("IP") geophysical surveys within the Motherlode Structural Corridor, In most cases, the IP chargeability anomalies correlate well with observed surface mineralization which is dominantly characterized by variably siliceous, pyrite enriched, fractured-sheared ash-tuff volcanic rocks. Evidently, validating the IP survey data. Drilling specifically targeted chargeability anomalies coincident with a surface gossan that previously returned rock grab sample values up to 25.0 g/t gold* and historical drill results of 3.5m at 1.4 g/t gold. A hole testing a deep and open-ended IP chargeability high anomaly intersected a 20 metre long interval of highly elevated pyrite and silica mineralization hosted in crudely laminated ash-tuff volcanic and possible soft sediment deformed rocks. Pyrite content through the drilled intercept ranges from 8 to 15%, occurring as disseminations and irregular aggregates. This style of observed mineralization is locally unique, having not been observed in other holes or in surface rock exposures. Measured lithological contacts and shear structural core angles confirm the surface mapping of the Motherlode Structural Corridor and its' host rocks as vertical to steep northwest dipping. All core samples (775 samples in total) have been delivered to the laboratory for gold by fire assay and pathfinder element geochemical ICP analyses with results to be reported once received and reviewed. Jeffrey Wilson, Precipitate's President and CEO stated, "We are pleased with the execution and completion of our first phase of drilling within the Motherlode Gold project. The targets delineated by our recent geochemical and geophysical fieldwork compelled our team to advance the project to this important first phase of drill testing. The technical merits of the chargeability anomalies coincident with a mineralized surface gossan provided several highly prospective and previously untested drill targets. Completing the 2,700 metre drill program in a timely and efficient fashion is a clear testament to the project's local support staff and service providers. We look forward to receiving, evaluating, and reporting the pending laboratory analytical results as they become available." The primary focus of the drilling program tested the recently delineated IP geophysical chargeability high anomalies located within the 'Motherlode Structural Corridor'; where elevated chargeability readings reflect elevated sulphide concentration related to probable gold mineralization. The estimated three (3) kilometre long northeast trending Motherlode Structure Corridor hosts structurally related gold style mineralization, where gold enriched quartz veins-stockworks are associated with an anastomosing series of quartz-sericite shears and faults with sub-vertical to steep northwest dips, containing low pyrite sulphide concentration. The Motherlode Zone hosts the Project's most notable gold mineralization and related surface colour gossan identified to date, with rock grab sample values up to 25.0 g/t gold* and historical drill results including 3.5m at 1.4 g/t gold. The Company's website has additional information and illustrations of recent and historical Motherlode project data. For reference: g/t = grams per tonne, Au = gold, m = metres * High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards. About Precipitate Gold: Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions. Additional information can be viewed at the Company's website www.precipitategold.com. On Behalf of the Board of Directors of Precipitate Gold Corp., "Jeffrey Wilson" President & CEO For further information, please contact: Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2022 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

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🖥️ ASX:TRE - Drilling Contractor Appointed With Program To Commence Imminently

View this email in your browser DRILLING CONTRACTOR APPOINTED WITH PROGRAM TO COMMENCE IMMINENTLY Highlights Drilling contractor, Etasi & Co Drilling has been appointed to commence exploration drilling programme at the flagship Kobada Project in Mali. Reverse circulation drilling program to commence imminently testing five key areas. The 2022/2023 exploration drilling programme is focused on building on the baseline of total mineral resource estimate, inclusive of inferred, of 3.1 million ounces at the Kobada Project through testing extension of strike along known and interpreted mineralized shear zones. Toubani Resources, Inc. (ASX: TRE; TSX-V:TRE) ("Toubani Resources" or the "Company") is pleased to announce that following the Company's successful listing on the Australian Securities Exchange ("ASX"), and in line with its strategy of focusing funds raised on exploration on its flagship Kobada Project, Etasi & Co Drilling SARL ("ETASI"), has been awarded the contract to perform the upcoming exploration drilling campaign ("Contract"). Toubani Resource's President and CEO, Mr. Danny Callow, commented: "Following on from our successful ASX listing, we have moved quickly to appoint a professional Mali-based drilling contractor to undertake an extensive drill programme on our Kobada Project site. The appointment of ETASI follows on from our commitment to focus on determining the highly prospective upside on our concessions, and building on our baseline of total mineral resource estimate of 3.1 million ounces." "We have spent three years drilling and understanding the structural geology in the region and on our three contiguous concessions and this appointment will start to test these highly prospective shear zone areas identified as a result of this. We are looking forward to this next stage in the Company's future and updating the market with results of this campaign."   Read Full Announcement CORPORATE SNAPSHOT Company Name: Toubani Resources ASX: TRE About Toubani Resources Inc  Toubani Resources (ASX: TRE; TSX-V: TRE) is an exploration and development company with a focus on expanding its existing total resource base of 3.1 million ounces. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. Toubani Resource's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed a Definitive Feasibility Study in September 2021 showing compelling economics for a 100,000oz per annum production profile over 10 years. The company believes the flagship project to be largely de-risked based upon the results of the study, and further exploration will build on the substantial baseline of 3.1 million ounces total resource, and 1.2 million ounces of reserves. As well as the initial Kobada Gold Project mining concession, other highly prospective exploration locations have been identified on the Kobada, Faraba and Kobada Est concessions based upon systematic regional exploration techniques. These additional exploration areas are part of the targeted drilling campaign as outlined above, with a view to increase strike length and grow resource ounces. For more information regarding Toubani Resources visit our website at www.toubaniresources.com.   TOUBANI FEATURED IN THE PRESS PROACTIVE - 28 NOVEMBER 2022 Toubani Resources sees shares put in a healthy performance as trading commences on Australian Securities Exchange View Toubani Press Releases Our mailing address is: info@toubaniresources.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Guanajuato Silver Announces Q3 2022 Operating and Financial Results

Guanajuato Silver Announces Q3 2022 Operating and Financial Results VANCOUVER, BC / ACCESSWIRE / November 29, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver")(TSXV:GSVR)(OTCQX:GSVRF)(AQSE:GSVR) is pleased to announce operating and financial results for the three months ended September 30, 2022. The full version of the financial statements and management's discussion and analysis can be viewed on the Company's website or on SEDAR at www.sedar.com. The following production results are from the Company's wholly owned El Cubo Mines Complex ("El Cubo") and the San Ignacio Mine ("San Ignacio") in Guanajuato, Mexico, and the Topia Mine ("Topia") in Durango, Mexico. All amounts are in U.S. dollars unless stated otherwise. Third Quarter 2022 Highlights: Record Production: 700,264 silver equivalent ("AgEq") ounces, up 107% from Q2 2022. Total production consisted of 329,298 ounces of silver, 3,226 ounces of gold, 537,608 pounds of lead and 677,127 pounds of zinc. Cash Costs: $13.86 per AgEq ounce representing a decrease of 19% compared to Q2. All-in Sustaining Costs ("AISC"): $19.53 per AgEq ounce, also a 19% decrease compared to Q2. Cash on Hand: At quarter end, the Company had cash of $6,365,025. Opportunistically purchased Silver and Gold: At depressed prices to use to extinguish a portion of the OCIM loan payment requirements. Cost per tonne: increased 48% for the quarter because of the addition of the Topia Mine, where the mining of narrow, exceptionally high-grade veins requires a number of changes to mining and milling method, especially to reduce dilution. Net loss: increase of 139% was partly attributed to lower realized silver and gold prices, legal and professional fee costs associated with the acquisition of MMR (See GSilver news release dated August 4, 2022 - GSilver Closes Acquisitions of Great Panther's Mexican Mining Assets), and production costs from the integration of the San Ignacio and Topia operations. "We continue to achieve quarterly increases measured both in tonnage mined, and precious metals produced, which reflects the efficacy of our ramp-up programs at our four producing silver mines," said James Anderson, Chairman and CEO of Guanajuato Silver. "In parallel, we are successfully driving down production cash costs and all-in sustaining costs. As silver equivalent production continues to increase each quarter, we expect to see corresponding operating costs continue to decline." Technical Information Reynaldo Rivera, VP of Exploration of GSilver, has approved the scientific and technical information contained in this news release. Mr. Rivera is a member of the Australasian Institute of Mining and Metallurgy (AusIMM - Registration Number 220979) and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. About Guanajuato Silver GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico, which has an established 480-year mining history. With five mines and three processing facilities, the Company is one of the fastest growing silver producers in Mexico. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Company Ltd., please contact: JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433 E: jjj@GSilver.com Gsilver.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. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the current and projected mined output from the Company's producing mines including El Cubo, San Ignacio and Topia mines, and GSilver's anticipated performance for the balance of 2022 and 2023 including the introduction of mineralized material from the Valenciana mine complex into the production matrix and the restart of the Cata processing plant; the ability of the Company to continue to increase production, tonnage, grades and recoveries of mineralized material, reduce costs (including cash costs and AISC) and widen operating margins consistent with the Company's expectations and production model; the Company's future exploration, development and production activities; estimates of mineral resources and mineralized material at the Company's mining projects and the accessibility, attractiveness, mineral content and metallurgical characteristics thereof; and the success related to any future exploration, development and/or production programs. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates and estimates of mineralized material at our mineral properties and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; the ability of the Company to successfully integrate production from San Ignacio and Valenciana into the Company's existing mining and milling operations at El Cubo and the availability of excess processing and tailings capacity at El Cubo to accommodate same; the Company's ability to secure additional sources of mineralized material for processing, prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, input costs, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, availability of financing, future prices of gold, silver and other metals, currency rate fluctuations, rising inflation and interest rates, actual results of exploration, development and production activities, actual resource grades and recoveries of silver, gold and other metals, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, geopolitical conflicts including wars, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at its mining projects to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineral resources and material from its existing mining projects is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected production of silver, gold and other metals will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and rising inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com including the Company's interim financial statements and accompanying MD&A for the three and nine month periods ended September 30, 2022. These forward-looking statements and information 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 save as required by law. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/729372/Guanajuato-Silver-Announces-Q3-2022-Operating-and-Financial-Results Copyright © 2022 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.