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Kamis, 21 April 2022

White Gold Corp. Identifies Significant Copper, Gold & Other Multi-Element Soil Geochemical Anomalies on its Hayes and Pilot Properties, Yukon, Canada

White Gold Corp. Identifies Significant Copper, Gold & Other Multi-Element Soil Geochemical Anomalies on its Hayes and Pilot Properties, Yukon, Canada
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April 21, 2022 - Toronto, ON - White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to report that soil geochemistry surveys carried out during the 2021 field season on its Hayes and Pilot properties have identified significant copper, gold, and other multi-element soil anomalies. The Hayes and Pilot properties are located within the southern portion of the Company’s land package (Figure 1). The Hayes property is contiguous with the Company’s Betty property and is located approximately 40 km east of Western Copper and Gold Corporation’s (TSX: WRN, NYSE American: WRN) Casino copper-gold porphyry deposit (M&I Resources of 14.5 Moz Gold and 7.6 Blb Copper and Inferred Resources of 6.6 Moz Gold and 3.3 Blb Copper)(4). The Pilot property is located 55 km south-southwest of Newmont Corporation’s (NYSE:NEM, TSX:NGT) Coffee gold deposit (M&I Resources of 2.17 Moz Gold and Inferred Resources of 0.50 Moz Gold) (3).

This regional exploration work was part of the Company’s fully funded 2021 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC) on its extensive land package in the emerging White Gold District, Yukon.

Highlights Include:
  • Significant new soil anomaly identified on Hayes property. Geochemical zonation and elemental distributions indicate the anomaly may represent the surface expression of a Copper-Molybdenum porphyry core surrounded by epithermal style Silver-Lead-Zinc mineralization. The anomaly is characterized by a Bismuth-Arsenic core with localized anomalous Copper-Molybdenum, and surrounding Silver-Lead-Zinc halo.
  • The core of the Hayes anomaly covers a large area of 750m by 1,000m and remains open to the west and north.
  • 3 large and geochemically distinct zones have been detailed on the Pilot by new infill soil sampling, including a 1,000m Gold-Arsenic zone, a 2,000m Copper zone and a Gold-Bismuth-Molybdenum zone.
  • The Hayes and Pilot soil anomalies have not seen detailed exploration, trenching, or drill testing. Follow-up work is currently being planned.
  • Details of the Company’s fully funded 2022 exploration program focused on new discovery follow-up and continued regional evaluation to be announced in the coming weeks.

Figures accompanying this news release can be found at: https://whitegoldcorp.ca/investors/exploration-highlights/.

Terry Brace, VP Exploration stated, “Our regional exploration program normally constitutes a significant portion of our annual exploration budget and has continued to identify prospective new targets across our large district scale land package. Given the lack of rock outcrop and the unglaciated terrane in this part of the Yukon, soil sampling has proven to be an extremely effective early-stage exploration tool as demonstrated by these latest results. Our goal is to continually add new targets to our exploration pipeline and advance those of merit to the drill-ready stage”.
 
All of the significant grass roots discoveries in the White Gold District were initially identified through soil sampling. The discovery of these and other soil anomalies through our regional exploration program continues to highlight the prospectively of this underexplored district. We are encouraged by these results, especially with respect to their proximity to other significant deposits and new discoveries and are eager to follow up”, stated David D’Onofrio Chief Executive Officer
Figure 1 - Location Map of Hayes & Pilot Property
Summary of Results
 
Hayes Property

The Hayes property is contiguous with, and is located immediately east, of the Company’s Betty property, where 2021 maiden diamond drilling at the Betty Ford target intersected significant near surface gold mineralization, including 3.46 g/t Au over 50.0m (see Company News Release dated Nov. 17, 2021). Newmont Corporation’s (NYSE:NEM, TSX:NGT) Coffee gold deposit (Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au)(3) lies approximately 65 km to the west-northwest, Western Copper and Gold Corporation’s (TSX: WRN, NYSE American: WRN) Casino copper-gold porphyry deposit (Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu)(4) is 40 km to the west, and C2C Gold Corp.’s Sonora Gulch project lies immediately south of the Hayes property.

The geology of the Hayes property is known mainly from regional scale geological mapping by the Geological Survey of Canada and Yukon Geological Survey, aided by regional aeromagnetic interpretations. The oldest rocks occur in the southern part of the property and comprise metasedimentary rocks of the pre-Late Devonian age Snowcap assemblage. These are thrust over felsic to mafic granitoids and orthogneiss of the Mississippian Simpson Range suite along the Yukon River Thrust and underlie the northern portion of the property. In the southwestern part of the property, the Snowcap assemblage is intruded by Middle Cretaceous granitoids of the Dawson Range Batholith, and in the northern part of the property plugs of the Late Cretaceous Prospector Mountain suite intrude the Simpson Range suite. The oldest known fault structure is the west to west-northwest trending Yukon River Thrust which transects the central part of the property. Major east-west striking faults, including an eastern extension of the dextral strike-slip Coffee Creek Fault in the south, also cut through the property. The northwest-trending Big Creek Fault, a relatively late major regional strike-slip fault cuts the western part of the property and is recognized as a controlling structure to many important mineral deposits in the district.
Figure 2 - Hayes Property - 2021 Soil Geochemistry Grid Location & Regional Geology
The 2021 soil geochemistry program comprised sampling on 3 separate grid areas on the property, north, south and eastern grids (Figure 2). A total of 1,200 soil samples were collected at 50 m sample intervals on 100 m spaced survey lines. The most encouraging results were returned from the northern grid which measures 2 km east-west by 1.5 km north-south and lies approximately 5 km south of the Yukon River (Figure 3). The area was selected for gridded soils to follow up on isolated anomalous ridge and spur soil samples that formed part of a 2017 reconnaissance survey by the Company. The 2021 sampling identified a broad geochemically zoned multi-element soil anomaly with a central core measuring from 750 m to 1,000m in diameter and enriched in bismuth and arsenic, which is surrounded by a halo of anomalous silver, lead and zinc that is greater than 400 m wide. Anomalous copper occurs in the southern portion of the core, and a relatively small area of anomalous molybdenum occurs near the core’s northern margin. Geologically the soil anomaly is associated with a plug of Late Cretaceous Prospector Mountain suite, which is known to be prospective for porphyry Cu-Au (Mo) and epithermal style mineralization. The soil anomaly overlies a magnetic high, and based on regional geological mapping and aeromagnetic results, similar intrusions occur in the immediate area and have not been covered by soil sampling. The anomaly remains completely open to the west, and currently additional soil sampling is being planned to outline the full extent of the anomaly. The geochemical zonation and elemental distributions indicate that the anomaly may represent the surface expression of a Cu-Mo porphyry core surrounded by epithermal style Ag-Pb-Zn mineralization.
Figure 3 - Hayes Property - 2021 Soils Results
Pilot Property
The Pilot property is located approximately 10 km west of the White River and 40 km northeast of Beaver Creek, a small town near the Yukon - Alaska border. The property comprises 260 quartz claims covering 5,435 hectares (54.35 km2).
 
The geology of the Pilot property is known primarily from regional geological mapping by the Geological Survey of Canada and the Yukon Geological Survey. The western part of the property is underlain by the Late Devonian age and older Scottie Creek formation, a metasedimentary sequence comprising mainly quartzites and psammitic schists. The eastern part of the property is underlain by the Late Cretaceous age Katrina Creek suite which comprises granodiorite and monzogranite. At the southeastern corner of the property, the Katrina Creek suite intrudes older meta-intrusive orthogneiss of the Late Devonian Mount Baker Suite. Isolated units of the Upper Triassic Snag Creek suite, which comprises gabbro to diabase, occur within the Scottie Creek formation and Mount Baker suite.
 
A northern portion of the current Pilot property was originally staked in 2000 by Teck Cominco Limited (now Teck Resources Limited) based on anomalous gold in regional stream silt samples and follow-up reconnaissance soil sampling which identified anomalous gold and arsenic values. Limited follow-up soil sampling (52 samples) by Teck in 2001 identified anomalous Au-As and Cu-Pb-Zn values, although anomalies were generally poorly defined due to the relatively small number of samples.
Figure 4 - Pilot Property - 2021 Soil Geochemistry Grid Location & Regional Geology
Since acquiring the Pilot property in 2016, White Gold Corp. has significantly expanded the soil sampling coverage with a total of 8,434 samples collected by the Company. This includes 1,015 infill soil samples taken in 2021 (Figure 4) on two separate grids which covered known soil anomalies, a larger northern grid (1,800 m by 2,250 m) and a smaller grid (400 m x 900 m) located in the central part of the property. Previous soil sample coverage consisted of 50 m spaced samples on 100 m spaced survey lines, and the new infill sampling now provides much better resolution with 25 m sample spacings.
Figure 5 - Pilot Property - 2021 Soil Sampling
Soil sampling has identified 3 geochemically distinct zones: 1) gold-arsenic zone; 2) copper zone; and 3) gold-bismuth-molybdenum zone (Figure 5). The Au-As zone comprises several subparallel N-S trending Au-As anomalies that appear to be structurally controlled and individual anomalies can be traced for over 1 km along strike. The copper zone is located approximately 1 km west of the Au-As zone and consists of an arcuate shaped 2 km long Cu anomaly. This arcuate shape is also mirrored in the westernmost Au-As anomaly and indicates that similar structural and/or stratigraphic controls may be present. The Au-Bi-Mo anomaly is located approximately 2 km to the south in the central portion of the property and is more circular in shape. The source of the soil anomalies is presently unknown due to a lack of detailed geological mapping and prospecting, and complete lack of trenching and/or drilling. Geologically the Au-As anomalies are underlain by metasediments of the Scottie Creek formation. Although no major fault structures have been mapped in the immediate area of the property, aeromagnetic surveys over the northern half of the property indicate the presence of north-south trending structures that may be controlling mineralization. Mapping and prospecting, and GT Probe and/or mechanical trenching is required to identify the bedrock source of the anomalies. If results of this work are encouraging, initial RAB drilling will test the anomalies to determine the general thickness and grade of mineralization.
 
The Company is currently in the detailed planning stage of the 2022 exploration program, details of which will be announced in the coming weeks.
 
Sampling Methods and Analysis

All 2021 soil geochemistry surveys were contracted to GroundTruth Exploration Inc. of Dawson City, Yukon. Field technicians navigated to pre-planned sample sites using handheld GPS units and collected C-Horizon soil samples using an Eijklcamp brand hand auger at a depth of between 20cm and 110 cm. Typically, 400 to 500 g of soil is placed in a pre-labeled bag, and a field duplicate sample is taken once every 25 samples. The GPS location of the sample site is recorded with the GPS unit, and the waypoint location is labeled with the project name and the sample identification number. A weather-proof handheld device equipped with a barcode scanner is used in the field to record the descriptive attributes of the sample collected, including sample identification number, soil colour, soil horizon, slope, sample depth, ground and tree vegetation, sample quality, and any other relevant information.

Analytical work for the 2021 soil geochemistry surveys was carried out at Bureau Veritas (BV) Canada, with preparation completed at their Whitehorse, YT facility and analysis at their hub laboratory located in Vancouver, BC. All soil samples were assayed for gold and a 37 multi-element suite using 0.25g aqua-regia digestion and ICP-MS analysis (Code AQ201). BV is an ISO 9001:2008 accredited facility, certificate number FM63007. 
FOLLOW US
About White Gold Corp.

The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit also hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca.
 
(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, Effective Date May 15, 2020, Report Date July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.
(2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon, Canada”, Effective Date October 15, 2021, Report Date November 15, 2021, available on SEDAR.
(3) See Newmont Corporation news release titled “Newmont Reports 2021 Mineral Reserves of 93 Million Gold Ounces and 65 Million Gold Equivalent Ounces”, dated February 24, 2022: https://www.newmont.com/investors/news-release/default.aspx.
(4) See Western Copper and Gold Corporation technical report titled “Form 43-101F1 Technical Report Preliminary Economic Assessment”, Effective Date June 22, 2021, Report Date August 2, 2021 , prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., and Daniel Friedman, P.Eng., available on SEDAR.
 
Qualified Person

Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
 
Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.
 
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as 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 statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
 
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
 
For Further Information, Please Contact:
 
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
 
To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/

Rabu, 20 April 2022

Latin Metals Discovers High-Grade Copper Mineralization, Auquis Project, Peru

 

Latin Metals Discovers High-Grade Copper Mineralization, Auquis Project, Peru

Vancouver, B.C. Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) OTCQB: LMSQF) is pleased to announce positive exploration results from its 100%-owned Auquis copper project ("Auquis" or the "Project"), located in the Coastal Copper Belt, where soil sampling results define high-grade anomalous copper over a 3km x 2km area.

Auquis Copper Project

The Company initiated exploration at the 4,000-hectare Auquis in February this year.  Exploration completed to date includes an extensive soil sampling program designed to screen the most prospective portions of the property.  A total of 253 soil samples were collected on a 400m x 200m grid.  Results are positive (Figure 1), defining a coincident copper and molybdenum anomaly over an area of 3km x 2km.  Within this area, copper-in-soil values are greater than 500 ppm (0.05%) and up to 2,300 ppm (0.23%) copper. 

Latin Metals is committed to regularly engaging with community stakeholders and backing local projects with positive and lasting community benefits.  Having reached an agreement with the communities at Auquis, the Company will undertake various capacity-building projects focused on agricultural development and irrigation projects.  Community engagement and consultation continues at the Auquis project and is ongoing at this and other Latin Metals' projects.

Latin Metal's CEO, Keith Henderson, commented: "Exploration at Auquis offers compelling discovery potential as little historical work has been done on these highly prospective targets. The project remains an exciting exploration story that can expose investors to a top mining jurisdiction as well as commodities in high demand and short supply, such as copper. We look forward to updating our shareholders with progress as we move through exploration milestones over the coming months."

Next Steps

Latin Metals will begin a comprehensive rock chip sampling and mapping program in April, focusing on the high-grade copper anomalies identified by the soil survey.


Figure 1. Location of Auquis Copper Project and soil survey showing copper grades.

Coastal Copper Belt

The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types, including porphyry, epithermal, VMS and IOCG.  Latin Metals has staked six exploration projects in the Belt, totalling 15,900 hectares.  In 2021, the Company focused on the Lacsha copper-molybdenum discovery, where extensive exploration has been completed, including surface geochemistry and geophysical surveys.  The Auquis copper-molybdenum project will see similar levels of exploration over the coming months. 

QA/QC

The work program at Auquis was designed and supervised by Eduardo Leon, the Company's Exploration Manager. He is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to the ALS laboratory in Lima. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards.

Soil samples were extracted from prospecting pits measuring 40cm x 40 cm, where the uppermost A horizon was removed to collect the underlying B horizon.  A total of 1.5 to 2.0 kg of B Horizon material was collected at each sampling site, before the sampling pit was reclaimed.  A total of 253 samples were collected on a grid of 200m north-south and 400m east-west orientation.

Qualified Person

The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company's CEO.  Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.  The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration.  Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.

On Behalf of the Board of Directors of
LATIN METALS INC.

"Keith Henderson"
President & CEO

For further details on the Company, readers are referred to the Company's website (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

For further information, please contact:
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail:  info@latin-metals.com

Neither 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements.  Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.  In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information.  Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward looking statements.  Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

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Kamis, 14 April 2022

Precipitate CEO Jeffrey Wilson's Interview with Dr. Allen Alper of Metals News

Precipitate CEO Jeffrey Wilson's Interview with Dr. Allen Alper of Metals News

Click on the link below to see Precipitate's CEO, Jeffrey Wilson's Interview with Dr. Allen Alper of Metals News as he updates investors on Advancing District Scale Gold and Copper Camps in Newfoundland, Canada and the Dominican Republic

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Rabu, 06 April 2022

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Kamis, 24 Maret 2022

Gsilver Signs Term Sheet for US$7.5M Silver/Gold Pre-Payment Facility



Gsilver Signs Term Sheet for US$7.5M Silver/Gold Pre-Payment Facility

Expands Relationship with OCIM to Enhance Financial Liquidity

VANCOUVER, BC / ACCESSWIRE / March 24, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it has signed an indicative term sheet with a Swiss based precious metals trading firm: OCIM Precious Metals S.A. ("OCIM"), to provide US$7.5m in non-dilutive financing in the form of a silver and gold pre-payment facility to strengthen its balance sheet during the ramp-up phase of the Company's El Cubo mine and mill complex located approximately 11 kilometers east of the city of Guanajuato in central Mexico.

James Anderson, Chairman and CEO stated: "We are very pleased to be expanding our relationship with OCIM at this time of strong silver and gold prices, which decreases the number of ounces of silver and gold needed to repay the facility. We have a very good working relationship with the team at OCIM and we look forward to working with them in the future with regards to potentially providing additional capital for GSilver's future growth plans."

OCIM Pre-Payment Details:

The pre-payment facility is for a term of 18 months, secured against GSilver's El Cubo assets, and repayable over a period of 12 months (following a six-month grace period) by GSilver delivering a fixed number of ounces of silver and gold monthly. The number of ounces to be delivered will be calculated at a fixed discount to the prevailing LBMA spot metals' prices on the day of the drawdown of the facility. This financing is subject to various conditions of OCIM including completion of satisfactory due diligence, execution of binding pre-payment documentation and TSXV acceptance, which both parties anticipate finalizing in April 2022.

The Company will use a portion of the facility to repay a majority of its current outstanding debt with OCIM, drawn on July 27, 2021. To date, the Company has repaid 2 months of silver and gold deliveries due under its current facility with OCIM, and it will use partial proceeds of this new pre-payment facility to repay the next 7 months' deliveries, leaving only the final three months' deliveries under the existing facility due November 30, 2022, December 30, 2022 and January 31, 2023 totaling 57,228 ounces of silver and 535.2 ounces of gold to be repaid.

As of today's date, the Company has approximately US$7.2M in cash on hand; the Company anticipates having approximately US$9.0M in cash on hand after the drawn down of this second OCIM facility in early April 2022. Monthly deliveries of silver and gold ounces to OCIM under the new facility are anticipated to commence in October 2022.

About Guanajuato Silver Company Ltd.:

GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.

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 total silver and gold ounces to be delivered to OCIM under the new pre-payment facility, the net proceeds available to GSilver under the new facility after repayment to OCIM in cash of certain monthly deliveries of silver and gold under the current loan facility and the anticipated date for closing of the new pre-payment facility.

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 at El Cubo and El Pinguico 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; success of the Company's combined El Cubo / El Pinguico operation; the Company's ability to secure external sources of mineralized material for processing, prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); 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 to differ materially from those expected including, but not limited to, market conditions (including political, economic and financial conditions), availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, acts of terrorism, the commencement, continuation or escalation of any war, invasion or armed conflict, and other risks in the mining industry. There are no assurances that GSilver will be able to increase production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill 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 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 results of the Company's 2021 preliminary economic assessment and projected production of silver and gold will be realized. Further, the new pre-payment facility with OCIM is subject to, inter alia, completion of satisfactory due diligence by OCIM and formal documentation and there are no assurances that the facility will be completed on the terms currently contemplated or at all. There is also uncertainty about the continued spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements 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 annual information form for its fiscal year ended December 31, 2020. Accordingly, readers should not place undue reliance on forward-looking statements and information. Such 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/694458/Gsilver-Signs-Term-Sheet-for-US75M-SilverGold-Pre-Payment-Facility

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Selasa, 22 Maret 2022

GSilver Selects Ramon Davila as President



GSilver Selects Ramon Davila as President

VANCOUVER, BC / ACCESSWIRE / March 22, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce the appointment of Mr. Ramon Davila to the position of President. Mr. Davila previously joined the Advisory Board of GSilver in February 2021, and subsequently became a full member of the Board of Directors on May 12, 2021. In his new role as President, Mr. Davila will spearhead the Company's plan to transform GSilver into a significant Mexican precious metals producer.

Ramon Davila Selected President:

James Anderson, GSilver's Chairman and CEO commented, "I frequently point out to investors that Ramon Davila has the best mining resume in all of Mexico. We are delighted that he has decided to make this commitment to bring the full weight of both his mining and government experience to our growing Company. At GSilver, we have big aspirations, and with Ramon fully embedded in the management team, we are confident in our ability to successfully make the transition to becoming a mid-tier producer of silver and gold."

From 2004 to 2014 Mr. Davila was Chief Operating Officer and a member of the Board of Directors of First Majestic Silver Corp. ("First Majestic") (TSX:FR) (NYSE:AG). During that 10-year period, he led a team that created five new silver mining operations in Mexico, thereby transforming a fledgling company with no production and just two employees into Mexico's second largest silver producer, with over 12 million ounces of silver equivalent production per year and more that 4000 employees. The rapid rise of First Majestic remains one of the great success stories within the precious metals mining industry.

Having already cemented his reputation as a company builder within the mining sector, Mr. Davila then took on the position of Minister of Economic Development for the State of Durango, Mexico, a post he held from 2016 to 2020. Mr. Dávila was instrumental in advancing many resource projects over his four-year term, and in the process, dramatically improved upon the State's financial situation.

Mr. Davila has built his career on helping to grow the world's largest silver producers into the international industry leaders they are today. Prior to his work with First Majestic, Mr. Davila was responsible for all Mexican operations for Pan American Silver Corp.(NASDAQ: PAAS) (TSX:PAAS), one of the world's premier mining companies. He started his career with Industrias Penoles, S.A. de C.V. (BMV: PE&OLES), where he spent 11-years with the then pre-eminent silver mining firm in Mexico.

With this appointment, Mr. Davila will be "returning home" to Guanajuato, where he obtained a degree in Mining and Metallurgical Engineering from the University of Guanajuato. He also holds a Master of Science degree in Mineral Economics from the Colorado School of Mines.

Ramon Davila will be working very closely with GSilver's COO, Hernan Dorado, who added, "I am thrilled that Ramon has taken on this role within the Company. GSilver's business is the successful revitalization and restart of Mexican silver mines, and Ramon is ideally suited to help us execute our plan and to use the currently producing El Cubo mine and mill as a platform for expansion within the Guanajuato Mining District."

In conjunction with his appointment as President, the Company has granted Mr. Davila an incentive stock option to purchase up to 500,000 common shares of the Company at a price of $0.64 per share exercisable for a period of five years, subject to vesting of 1/3 on the date of grant and 1/3 on each of the first and second anniversaries of the date of grant.

Investor Relations:

The Company also reports it has signed a six-month consulting agreement with Amvest Capital Inc. ("Amvest') to provide Investor Relations services to GSilver including webinars, non-deal roadshows and one-on-one video presentations with potential investors.

Based in New York City, Amvest is a specialist investment management and corporate finance firm focused solely on the natural resources sector. Amvest and GSilver are at arms-length to one another.

Amvest will be paid a monthly fee of US$7,500 and GSilver has granted 200,000 options to Amvest priced at $0.64.These options expire 12-months after termination of the agreement, and the grant is subject to vesting in accordance with TSX Venture Exchange policy for investor relations providers. The monthly fee will be paid out of the Company's general working capital. GSilver may, in its discretion, extend the Consulting Agreement beyond the initial six-month term. As of the date hereof, Amvest holds options to purchase 200,000 shares of GSilver.

About Guanajuato Silver Company Ltd.:

GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.

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 Company's ability to restart production from the El Pinguico mine, the impact Mr. Davila will have on the Company's future growth and expansion, and the transformation of GSilver into a significant mid-tier Mexican precious metals producer.

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 at El Cubo and El Pinguico 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; success of the Company's combined El Cubo / El Pinguico operation; the Company's ability to secure external sources of mineralized material for processing, prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); 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 to differ materially from those expected including, but not limited to, market conditions (including political, economic and financial conditions), availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, acts of terrorism, the commencement, continuation or escalation of any war, invasion or armed conflict, and other risks in the mining industry. There are no assurances that GSilver will be able to increase production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill 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 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 results of the Company's 2021 preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the continued spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements 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 annual information form for its fiscal year ended December 31, 2020. Accordingly, readers should not place undue reliance on forward-looking statements and information. Such 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/694062/GSilver-Selects-Ramon-Davila-as-President

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

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