Tag: TSXV

Mining Stock News: Gold79 (TSXV: AUU) Outlines a Large Gold-in-Soil Anomaly at its Tip Top Project, Nevada

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Ottawa, Ontario – February 5, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Gold79 Mines Ltd. (TSXV: AUU) (“Gold79” or the “Company”) is pleased to provide results from its recently completed soil geochemical survey at its Tip Top Gold-Silver Project located in Nye County within the Walker Lane gold belt of southern Nevada USA.

Chairman Gary Thompson stated, “Our recent exploration work at the Tip Top Project has identified a northeast-trending, multi-kilometre long gold-in-soil anomaly. This anomaly encompasses the known gold mineralization at Tip Top but also suggests that the hydrothermal system is more extensive than previously thought.”

Figure 1. Location Map of the Tip Top Project and Gold-in-Soil Anomaly

Highlights

  • Gold-in-soil results reveal a pronounced multi-kilometre northeast-trending anomaly

  • The soil results also highlight a large mercury anomaly associated with the gold-in-soil results

  • Mapping and sampling conducted in 2020 have identified the structural controls on gold mineralization as well as zoned
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Mining Inventory News: Fortuna Silver Mines (TSXV: AUU) Enters into Possibility Agreement for Taviche Task, Mexico

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Ottawa, Ontario – January 8, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Gold79 Mines Ltd. (TSXV: AUU) (“Gold79” or the “Enterprise”) announces that Minaurum Gold Inc. and its wholly owned subsidiary, Minera Minaurum Gold SA de CV (“MGG”) have entered into an selection agreement with Fortuna Silver Mines Inc. and Fortuna’s wholly owned subsidiary, Compania Minera Cuzcatlan SA de CV (“CMC”), pursuant to which CMC can gain up to an 80 p.c fascination in the Taviche silver job located in Oaxaca, Mexico.

Details with regard to this possibility arrangement have been announced by MGG on January 7, 2021. CMC will act as operator of the task and can make an initial 60% curiosity in the project by producing hard cash payments to MGG of US$450,000 and incurring US$4 million in do the job expenses over a a few calendar year period.

Gold79 retains a 20% no cost-carried desire in the Taviche task

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Mining Stock News: Pacific Empire (TSXV: PEMC) Indicators Definitive Arrangement to Solution Kitimat Copper-Gold Job

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Vancouver, British Columbia – December 18, 2020 (Newsfile Corp.) (Investorideas.com Newswire) Pacific Empire Minerals Corp. (TSXV: PEMC) (“Pacific Empire”, “PEMC” or the “Business”) is pleased to announce it has signed a Definitive Arrangement (the “Settlement”) to grant CAVU Mining Corp. (“CAVU”) an exclusive possibility (the “Alternative”) to gain up to a 100% desire in the Firm’s 3,070-hectare Kitimat Copper-Gold Job (the “Challenge”) in British Columbia, Canada.

Highlights of the Settlement consist of:

  • Funds payments of CDN$390,000 over 3 a long time to PEMC

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  • Share payments of 1,325,000 to PEMC

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  • A minimum amount of CDN$1,000,000 of exploration expenditures at the Project, to be fully funded by CAVU

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Remember to see the Transaction Details part under for much more details on the Arrangement. The prepared get the job done method will be formulated in the coming months by CAVU Mining Corp. and will develop on previous drilling, geophysical

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Mining Stock News: C3 Metals (TSXV: CCCM) Receives Drilling Approval for Jasperoide Copper-Gold Project

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Toronto, Ontario – December 11, 2020 (Newsfile Corp.) (Investorideas.com Newswire) C3 Metals Inc. (TSXV: CCCM) (“C3 Metals”) is pleased to advise that it has received authorization from the Peruvian Ministry of Energy and Mines for drilling on the Company’s flagship Jasperoide Project located in the prolific Andahuaylas-Yauri Porphyry-Skarn Copper Belt of Peru. Camp construction is underway, and drilling will follow immediately thereafter.

Jasperoide comprises a large, underexplored copper-gold mineralised skarn-porphyry system that is developed in a similar geological setting to several nearby large copper mines, including Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).

C3 Metals Executive Chairman, Tony Manini, commented, “We are delighted to have received the necessary permit to commence drilling activities at Jasperoide. We view the Jasperoide project as an exceptional copper-gold opportunity that will drill test a large-scale mineralised system in a world class copper region. We look forward to reporting a consistent flow of news

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Mining Inventory Information: BAYHORSE (TSXV: BHS) Mobilizes Diamond Drill to Harrison Substantial Quality Gold Challenge

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Vancouver, British Columbia – December 7, 2020 (Newsfile Corp.) (Investorideas.com Newswire) Bayhorse Silver Inc. (TSXV: BHS) (the “Organization” or “Bayhorse”) has mobilized products and personnel to the Harrison Large Quality Gold Job, Harrison, BC., Canada, for its diamond drill program and underground bulk sampling method.

Figure 1. Proposed diamond drill sample to validate historical useful resource values for the Jenner Zone

The very first drill holes are concentrating on the Jenner Zone, then the RN & Portal (Easter Egg) Zones, the place Bema Gold/Kerr Addison Mining (BGKM) outlined historic resources as tabulated below. The goal is establishing a recent NI-43-101 gold source.

Centered on surface area and underground drilling completed by Bema above the 50 meter ASL stage, Norman (1989), using a a person gram slash off grade for the Jenner Zone and a 2 gram slash-off grade for the Portal Zone, estimated that the Jenner and Portal Zones incorporate

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