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Puma Exploration Updates on Copper Transaction With Melius Metals – Investing News Network

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Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) is pleased to report progress on the transaction with Melius Metals Corp. (“Melius”). As was stated in the press release of July 6, 2021, the main objective of the transaction is to unlock value from its copper property portfolio through Melius’ option to acquire all Puma’s copper exploration and development projects.
TRANSACTION SUMMARY
Puma granted to Melius the option to acquire 100% in its Copper Projects in consideration of $3.5M payable by the issuance of an initial 12M Melius shares of which up-to 6M will be distributed to Puma’s shareholders in Q1-2022 . The remaining $2.3M is payable in cash or in Melius shares over a period of 3 years. Puma’s commitments for the Chester Property was also assumed by Melius ( see PR 2021-07-06 ). As of November 24 th ,2021, the Chester option has been executed and the mining claims have been transferred to Puma.
PROGRESS ACHIEVED TO DATE
Considering all the achievements that Melius has made so far, and highlighted above, Puma has agreed to extend the Satisfaction Date from October 31, 2021 to January 31, 2022 to file a preliminary prospectus and the current deadline to be listed on a Canadian Exchange to be extended to April 30, 2022 from March 1, 2022.
Currently, Melius is finalizing the audited financial statement to be included in the preliminary prospectus and is proceeding with an additional round of financing which is expected to close in the next few weeks. Melius is currently preparing its preliminary prospectus with the intention of listing shares on the Canadian Stock Exchange (“CSE”).
As a result of this additional round of financing by Melius, Puma intends to hold a Special Meeting of Shareholders in January 2022 to seek shareholders’ approval for an increase in reduction of stated capital already approved at the previously held Annual and Special Meeting, from $600,000 to a maximum of $2,100,000.
The objective is to reduce any potential fiscal impact on Puma’s shareholders considering anticipated changes to the listing price of Melius shares. More details about the date of the Special Meeting and the record date will be provided shortly.
APPOINTMENT OF MR. SIMON QUICK AS CHIEF EXECUTIVE OFFICER OF MELIUS
Mr. Quick has more than 12 years as a well-regarded mining leader, with a track record spanning the USA, Mexico, Argentina, and Canada. His specific experience includes early stage permitting, project development through to design engineering, and construction. Mr. Quick joins Melius from McEwen Mining Inc. where he was Vice President of Projects. He has an honours degree in Economics from Bishop’s University and an Executive MBA from the Kellogg School of Management at Northwestern University.
EXPLORATION UPDATE AT CHESTER COPPER DEPOSIT
The new drilling program at Chester has commenced and consists of approximately 40 drillholes totaling approximately 2,000 meters (see Figure 1). The Chester copper deposit contains three known zones; the Central Zone, the East Zone, and the West Zone (Copper Stringer) which are all located near surface.
There are three strategic objectives for this drilling campaign:
1) Validate historical resource and geological model for the three primary zones, Central, East, and West (Copper Stringer), all located near surface.
2) Test resource gaps between the Central and East Zone.
3) Each hole will also test for presence of gold and silver mineralization given historical drilling did not assay for these minerals.
Significant previous drill results at Chester:
Figure 1: Current Drilling Operation at Chester Copper Deposit is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc9b03ad-9d44-4e3b-b1a3-7437f3415f42
QUALIFIED PERSON
Dominique Gagné, PGeo, independent qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. 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 release. Mr. Gagné is independent of the Company.
ABOUT MELIUS METALS CORP.
Melius Metals Corp. (“Melius” or “the Company”), a new Copper exploration and development story focused on well-known and past-producing Bathurst Mining Camp in New Brunswick.

For further information on Melius, please contact Simon Quick, (905) 220 6661; simon@meliusmetals.com .
ABOUT Puma Exploration
Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.explorationpuma.com for further information on Puma.
Marcel Robillard, President, (418) 750-8510; president@explorationpuma.com
Simon Quick, CEO, (905) 220-6661; simon@meliusmetals.com
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

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Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the “Company” or “Green River”) is pleased to announce an Initial Phased Exploration Drill Program at its wholly owned Quesnel NickelCobaltTalc Project in British Columbia, Canada.
Further to the news release of October 28, 2021, the Company is pleased to announce that is has begun drilling short holes using a backpack drill with multiple new targets identified. Core samples have been transported to the Company’s facility in Quesnel to be logged and sent for assay. The talc showing outcrops at several locations on the Company’s claims, making drilling a relatively simple process and allowing for drilling throughout the Winter.
The Company has contracted a drilling company to test a “modified backpack drilling technique”. If successful, this technique could result in drilling up to 20 meters deep. The drilling company has arrived in Quesnel and trail cutting to access the drill targets is currently underway. A larger diamond core drill rig capable of reaching depths exceeding 100 meters has been located and will be used for deeper drilling during this Winter’s drill program. The larger drill is expected to be mobilized within the next two weeks.
The Quesnel Nickel/Cobalt/Talc Project is adjacent to the Company’s Fontaine Gold Project. The two projects border Osisko Development Corp.’s Cariboo Gold Project, which contains 5 million ounces of gold and is expected to go into production late in 2023.
Drilling short holes will determine the grade and quality of the talc exposures, which outcrops at multiple locations in the Project area. The Company will also drill deeper holes to determine the vertical extent of the talc mineralization. Depending on the results of the initial drilling, the Company will undertake additional drilling throughout the Winter to further determine the extent of the talc mineralization.
The area to be targeted with the drilling program is host to talc and nickel mineralization (see the Sovereign nickel showing, Minfile 093A 130). The area covered by these mineral rights was subject to an exploration program targeting the potential for a commercial talc deposit during the 1980’s. The exploration resulted in the preparation of a preliminary talc mining plan in 1986.1
The drilling completed on the talc showing in the 1980’s consisted of relatively shallow holes. The holes resemble what can be achieved by using the modified backpack drilling technique that the Company will employ this Winter. Follow-up drilling with a larger drill rig will be able to explore potential talc mineralization to depths exceeding 100 meters versus the shallow exploration completed in the past.
Quesnel Nickel/Cobalt/Talc Project Highlights:
There are 3 BC MINFILE occurrences as follows:
Talc is a soft mineral used in a variety of industries. Talc is used in the production of plastics, ceramics, paint, paper, roofing, rubber, and for other industrial uses. The U.S. Geological Survey (USGS) indicates that total sales of talc by U.S. Producers in 2020 was about 430,000 tons valued at about US $100 million. The USGS estimates total mine production worldwide in 2020 was 5,800,000 tons with about 220,000 tons produced in Canada. To the best of the Company’s knowledge, there are no talc mines in Western Canada.
In addition to acquiring more knowledge of the talc occurrences on the Property, the Company intends to drill using the larger rig to gain more knowledge of the potential for nickel and cobalt in the same general area as the talc. The Company will be concentrating on known and potential new nickel and cobalt targets with the plan to continue drilling with larger RC/DD rigs in 2022.
The recently completed UAV-MAG survey results over the Quesnel Nickel/Cobalt/Talc Project area indicates the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of a favorable ultramafic rock assemblage. This is similar to the aeromagnetic response in the area of nickel-alloy mineralization found throughout the BC Decar District.
Kyle Townsend, Mine Manager for Green River Gold Corp., says, “I am very excited for the trial run of the modified backpack drilling technique. If successful, this technique will greatly lower our exploration costs while producing valuable results quickly. The first target we chose is twinning drill hole 86-1, drilled by Trifco Minerals in 1986. The existing records indicate favorable conditions for this drilling method. Our intent is to delineate the talc mineralization indicated by Trifco Minerals. This round of drilling is an exciting step towards obtaining the important data we need.”
Perry Little, Green River Gold‘s President and CEO stated, “We are very pleased with the progress made within a few short weeks. We are excited to expand our exploration program at the Quesnel Nickel/Cobalt/Talc Project. In addition to finding out more about the potential for a commercial talc deposit, the focus will be on nickel and cobalt. Preliminary metallurgical work completed in 1971 has suggested the presence of nickel sulfide or nickel alloy minerals. One focus in the initial phase of exploration is to prioritize the multiple Nickel/Cobalt targets within the project area for a follow-up RC/DD drill program and to expand the areas of mineralization in 2022.”
Regional Exploration Plan:
Additionally, there will be some upcoming exploration plans for the Fontaine Lode Gold Project, which is contiguous to the Quesnel Nickel/Cobalt/Talc Project and also contiguous to Osisko Development Corp.’s Cariboo Gold Project. Green River is also awaiting assay results from the recent grab sampling program completed at both the Quesnel Nickel/Cobalt/Talc Project and the Kymar Silver Project.
Qualified Person:
Stephen P. Kocsis is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.
About Green River Gold Corp.
Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned, high-grade Fontaine Gold Project, Quesnel Nickel/Cobalt Project and Kymar Silver Project which are located in renowned mining districts in British Columbia. The properties straddle an 18km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.’s mineral claim group containing a proposed mine location at its Cariboo Gold Project.
The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,440 hectares, along the southeast flank of Mount Catherine.
For more information contact:
Green River Gold Corp.
Mr. Perry Little – President and Chief Executive Officer
perry.little@greenrivergold.ca
780-993-2193
Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedar.com.
Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as “anticipates”, “expects”, “believes”, “estimates”, “could”, “intends”, “may”, “plans”, “predicts”, “projects”, “will”, “would” and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumption. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.
The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105120

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Red Pine Exploration Inc. (TSX–V: RPX, OTCQB: RDEXF) (the “Company” or “Red Pine”) announces it has engaged GoldSpot Discoveries (TSXV: SPOT; OTCQX: SPOFF), to apply its proprietary machine learning technology and greenfield geoscience expertise on the Wawa Gold Project. GoldSpot Discoveries (“GoldSpot”) will bring its proven artificial intelligence expertise that has previously led to important mineral discoveries.
GoldSpot is a technology company focused on developing artificial intelligence technologies for the mining and exploration sector. GoldSpot is working with some of the leading exploration and mining names in the industry, applying their cutting-edge algorithms to significantly increase the efficiency and success rate of mineral exploration.
The Company has an extensive land package that spans over 6,900 hectares in the Michipicoten greenstone belt and will focus GoldSpot on areas with the least information so that it can efficiently plan exploration in these areas. There are several past producing mines on the property that warrant further investigation and GoldSpot’s input will allow the Company to expand exploration beyond its currently identified high priority targets.
The airborne magnetic data is a good depiction of the complex geology of the Wawa Gold Corridor. The Company’s focus has been in areas like the Historic Surluga and Minto mines where the preponderance of information was readily available. These areas represent just a small percentage of the property which comprises a large land package with numerous existing high-value gold targets.
With the use of GoldSpot’s technology and new data acquisition methods, the Company will be able to refine its discovery process by leveraging sophisticated and cost-efficient targeting software to delineate drill-ready locations to prioritize, a complimentary aspect to Red Pine’s technical and geological team with a strong history of discovery success.
Figure 1 accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6fed985a-9ef9-44d6-a16f-38c6be2b0699
Figure 2 accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/183a9b42-fdf7-48b5-8fae-df53f1663abe
“We have excellent resources for GoldSpot to target using their technology, including a full suite of geophysical, geochemical, geology and structural databases. GoldSpot technology will enable us to expand our understanding of the gold system in areas of our property that we have not explored yet,” said Quentin Yarie, CEO and President of Red Pine Exploration. “With the recent success of the initial 2021 drilling program and the completion of the November flow-through financing for aggregate gross proceeds of C$8.4 million, the Company is working to expand upon the current NI 43-101 compliant resource with 1,307,000 tonnes at 5.47 g/t gold for 230,000 ounces in the indicated category and 2,716,000 tonnes at 5.39 g/t gold for 471,000 ounces in the inferred category contained between surface to 350 meters depth.”
Qualified Person
Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.
COVID-19 Precautions
Red Pine has developed and implemented compliant precautions and procedures according to guidelines from the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s common shares trade on the TSX Venture Exchange under the symbol “RPX”.
The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.
For more information about the Company, visit www.redpineexp.com
Or contact:
Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com
Or
Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com
1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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Gold Mountain Mining Corp. (“Gold Mountain” or the “Company”) (TSX:GMTN)(OTC:GMTNF)(FRA:5XFA) is pleased to announce additional assay results from its Siwash North portion of its Phase II drill program at the Elk Gold Project. The Company continues to uncover high-grade mineralization along its well-established vein systems near the project’s open pits, which show strong grade continuity and openness on strike and at depth throughout the Siwash North zone
Drilling Highlights Include:
“These results from our Siwash North drilling reinforce the consistency and grade continuity in the mineralization surrounding our open pits. Our best intercepts were struck on different veins 300m apart and show strong resemblance in both widths and grade. This gives us confidence they’re beginning to converge as we extend our geological model to the west,” commented CEO and Director, Kevin Smith. “With mine production now ramping up and the first two batches of assay results from our Phase II program delivering as expected, we continue to showcase the scalability of the Elk.”
Phase II Drilling Program
Gold Mountain and its exploration management partner HEG & Associates (“HEG”) continue to intercept high-grade mineralization by stepping out and infilling the Siwash North’s well-established vein systems. These highlight intercepts came from the 1300, 2600 and 2700 veins, showing strong grade continuity as the company extends its vein model to the west.
The Company has concluded all drilling activity for its Phase II program and now await assay results from the laboratory. In total, the program drilled 13,900m, with 10,500m occurring in the Siwash North zone and the remaining 3,400m drilled in the property’s satellite zones (Lake Zone, South Zone and Elusive Zone).
Satellite Zones
The Elk Gold Project has eight additional exploration zones that were drill tested by previous operators. To date, 9,000m of drilling have been performed in the Elk’s Satellite Zones which do not currently contribute to the project’s resource estimate.
For the first time, Gold Mountain is exploring in the satellite zones and will look to develop maiden resources in multiple areas on the Elk claims. By coupling historical drill data with strong visual mineralization in new core samples, the Company is confident that these satellite zones will showcase similar grade and structure as the Siwash North zone.
Elusive Zone
The Elusive Zone is located 10km away from Siwash North and is the most prospective region on the property. When the Elk Gold Project was discovered in the 1980’s, the second largest gold-in-soil anomaly was identified in the Elusive Zone; however, given the focus on developing the Siwash North deposit, the Elusive Zone has never been drill tested. Gold Mountain will be the first operator to carry out a drill campaign on this highly-prospective target, in hopes of identifying a totally new type of mineralization and adding a new dimension to the Elk Gold mine.
Drill Results
Below is a table of Selected Core Drill Results. A complete list of all drill results to date have been posted to the Company’s website at www.Gold-Mountain.ca :
Assay Results
Hole
From (m)
To (m)
Interval (m)*
Au (g/t)
163.0
164.1
1.1
10.05
including
163.4
163.7
0.3
46.10
446.7
448.1
1.3
12.00
including
446.7
447.1
0.3
44.70
177.3
178.7
1.4
9.68
including
178.3
178.7
0.4
24.60
230.6
231.9
1.3
5.59
including
230.6
230.9
0.3
18.60
*Assay intervals are presented as apparent thickness. True thickness will vary depending on the orientation of the drill hole but are typically 70-90% of the apparent thickness.
Drill Collar Locations
Drill collar locations, azimuths and dips for the drill holes included in this release are provided in the table below and have been posted to the Company’s website for all drill holes:
Drill Collar Locations
Drill Hole ID
Easting
Northing
Elevation
Azimuth
Depth (m)
Dip
SND21-020
693230
5525791
1616
0
342
47
SND21-008
692861
5525200
1638
0
492
83
SND21-017
693279
55257891
1603
0
372
70
Quality Assurance/Quality Control (QA/QC) Measures and Analytical Procedures
Gold Mountain adheres to a strict QA/QC monitoring program that includes the insertion of blanks, standards and duplicates into the sample stream, as well as the re-submission of select samples for check assays by an independent third-party laboratory. Core samples were analyzed by Actlabs in Kamloops BC using Fire Assay methods with a gravimetric finish for results over 10g/t gold.
No material QA/QC issues were noted with the results received from the laboratory.
Qualified Person
The foregoing technical information was approved by Grant Carlson, P.Eng., a Qualified Person, as defined under National Instrument 43-101 and the Chief Operating Officer for the Company.
About Gold Mountain Mining
Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a past-producing mine located 57 KM from Merritt in South Central British Columbia. Additional information is available at www.sedar.com or on the Company’s new website atwww.gold-mountain.ca.
For Further information, please contact:
Gold Mountain Mining Corp.
Kevin Smith, Director and Chief Executive Officer
Phone: 604-309-6340
Email: ks@gold-mountain.ca
Website: www.gold-mountain.ca
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward- looking statements include statements that are based on assumptions as of the date of this news release. Forward looking statements in the press release include but are not limited to: any potential increase in the Company’s resource, the results of the Phase 2 exploration program and the potential of the Elusive Zone to be an entirely new discovery. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; and the results of current exploration. 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. Gold Mountain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a comprehensive overview of all risks that may impact the Company, please see the Annual Information Form for the year ended January 31, 2021 a copy of which was filed on Gold Mountain’s SEDAR profile on November 4, 2021.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
SOURCE: Gold Mountain Mining Corp
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Goldplay Mining Inc. (TSXV:AUC)(OTCQB:AUCCF)(Frankfurt:9FY), (the “Company” or “Goldplay”),is pleased to announce that it has arranged and closed a non-brokered private placement of flow-through units of the Company (the “FT Units”) for a total of $610,000 with two institutional investors
The Company has issued a total of 3,588.236 FT Units at a price of $0.17 per FT Unit, for gross proceeds of $610,000.
Each FT Unit is comprised of one “flow-through” share (a “Common Share”) and one half non-transferable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional Common Share the Company at an exercise price of $0.20 until November 24, 2022. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses as defined in subsection 66.1(6) of the Income Tax Act and flow-through mining expenditures as defined in subsection 127(9) of the Income Tax Act. The proceeds from the sale of the FT Units will be used to fund eligible exploration expenditures on Company’s projects in British Columbia.
All securities issued pursuant to the private placement are subject to a statutory hold period of four months plus one day expiring on November 25, 2022 in accordance with applicable Canadian securities laws.
In connection with the Offering, the Company paid aggregate cash finders’ fees to qualified finders of $36,600 representing 6% of the gross proceeds raised. The Company also issued 215,294 non-transferable finders’ warrants to qualified finders, with each finders’ warrant being exercisable to acquire one Common Share at an exercise price of $0.17 until November 24, 2023.
The financing is subject to receiving the final approval of the Toronto Stock Exchange Venture.
About Goldplay Mining
Goldplay Mining is a Canadian public company listed on TSXV and in US on OTCQB. Goldplay holds large district scale gold, and copper-gold projects located in BC’s Golden Triangle and southwestern BC with potential for world class mineral discoveries. The Company also holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.
On behalf of the Board of Directors
“Catalin Kilofliski”
Catalin Kilofliski
President, CEO & Director
For further information please contact:
Goldplay Mining Inc.
Mr. Catalin Kilofliski, President & CEO
Suite 650 – 1021 West Hastings Street
Vancouver, BC V6E 0C3
T: (604) 655-1420
E: catalin@goldplaymining.ca
www.goldplaymining.ca
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.
SOURCE: Goldplay Mining Inc.
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Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce further assay results from drill-holes from its Elizabeth Gold Project in British Columbia, Canada. Drill holes being reported in this release are EZ-21-15, EZ-21-16, EZ-21-17, EZ-21-18, and EZ-21-19. The drill holes targeted the SW Vein at a vertical depth below 200 metres and the Blue Vein (EZ-21-19
HIGHLIGHTS
Tempus President and CEO, Jason Bahnsen commented “The assay results for drill hole EZ-21-19 show continued high-grade gold mineralisation down dip of the previously reported ‘bonanza’ grade intersection at the newly discovered Blue Vein. Assays have now been received for three out of the seven drill holes that have intersected the Blue Vein. With the historic resource at Elizabeth largely centred on the SW Vein, the Blue Vein holds significant potential for expanding the current resource base for the project.”
Blue Vein Results
Tempus discovered the new Blue Vein with drill hole EZ-21-12 with an intersection of visible gold in the drill core, as announced on 27 September 2021. The Blue Vein is located approximately 150 metres to the northwest, and parallel, to the SW Vein (See Figure 1). This previously unknown vein has now been intersected by 7 drill-holes (EZ-21-09, EZ-21-12, EZ-21-19, EZ-21-24, EZ-21-25, EZ-21-26, EZ-21-27) demonstrating an initial strike length of 380 metres (see Figure 2), with four of those drill-holes pending assay results.
Drill hole EZ-21-12 (see announcement 26 October 2021) included high-grade gold intersections with assays of including 33.7g/t gold over 1.0 metre from 117.8 metres, 26.4g/t gold over 0.5m from 130.7 metres, and 8.4g/t gold over 0.5m from 163.9 metres. EZ-21-19 was drilled at a steeper angle than EZ-21-12 and demonstrates continuity of the Blue Vein down dip .
Results from EZ-21-24 to EZ-21-27, which specifically target the Blue Vein, were all successful in intersecting the quartz vein and are currently in the lab with assays pending. See Table 1 below for Blue Vein drill results received to date.
Table 1 – Elizabeth Gold Project Blue Vein Drill Intersections
Hole ID
To (m)
Interval (m)
True Thickness (m)
Gold Grade (g/t Au)
MET Screen Grade (g/t Au)
EZ-21-09
58.60
59.10
0.50
0.43
0.31
Not Performed
EZ-21-12
117.80
118.80
1.00
0.85
47.6
33.7
and
130.70
131.20
0.50
0.43
26.4
Not Performed
and
163.90
164.40
0.50
0.43
5.50
8.41
EZ-21-19
127.50
128.00
0.50
0.43
4.52
Not Performed
and
129.00
130.50
1.50
1.28
4.25
Not Performed
and
167.80
168.70
0.90
0.76
4.50
6.14
EZ-21-24
pending
EZ-21-25
pending
EZ-21-26
pending
EZ-21-27
pending
*true thickness is estimated using a multiplier of 0.85.
SW Vein Results
Each of drill holes being reported today have successfully intersected the SW Vein and continue to indicate significant mineralisation and anomalous gold values. Mineralised intervals are consistent with mesothermal/orogenic gold veins and contain highly elevated values in arsenic, antimony, silver, and mercury. Drill holes EZ-21-15, EZ-21-16, EZ-21-17, EZ-21-18, and EZ-21-19 targeted the southern portion of the SW Vein at depths below 200m vertical. See Appendix 1 Table 1 for detailed results.
Tempus has now completed exploration drilling at Elizabeth for 2021. A total of 28 drill holes have been completed at Elizabeth for approximately 7,740 metres. Combined with the 11 drill holes completed in 2020, Tempus has now completed 39 drillholes for a total of approximately 9,750 metres at Elizabeth since Tempus began drilling in November 2020. Drill collar information can be seen in Appendix 1, Table 1. There are currently 9 drill holes pending assay results.
The underground development permit for the Elizabeth Lower Portal exploration drift is still pending (see announcement 13 September 2021).
Figure 1 – The Elizabeth Project – Plan map of drilling
DiagramDescription automatically generated
Figure 2 – Elizabeth Project – Long-section of the Blue Vein
DiagramDescription automatically generated with medium confidence
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Kevin Piepgrass, who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which it appears.
For further information:
Tempus Resources LTD
Melanie Ross – Director/Company Secretary Phone: +61 8 6188 8181
About Tempus Resources Ltd
Tempus Resources Ltd (“Tempus”) is a growth orientated gold exploration company listed on ASX (“TMR”) and TSX.V (“TMRR”) and OTCQB (“TMRFF”) stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Elizabeth-Blackdome Project, a high-grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Elizabeth-Blackdome that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus’ actual results, performance or achievements to be materially different from those expressed or implied thereby, and and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed on Page 27 under the heading “Risk and Uncertainties” in the Company’s Management’s Discussion & Analysis for the quarter ended September 30, 2021 dated November 15, 2021 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice. 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 .
Appendix 1
Table 1:Drill Hole Collar Table
UTM
UTM
Target
Easting (NAD83
Northing (NAD83
Elevation (m)
Length (m)
Azimuth
Dip
Z10)
Z10)
SW Vein
531203
5653771
2400
105
121
-52
SW Vein
531203
5653771
2400
132
146
-55
SW Vein
531203
5653771
2400
111
158
-47
SW Vein
531203
5653771
2400
135
168
-58
SW Vein
531078
5653776
2400
561
123
-48
SW Vein
531078
5653776
2400
255
110
-55
SW Vein
531203
5653771
2400
126
115
-75
SW Vein
531203
5653771
2400
186
115
-75
SW Vein
531195
5653839
2427
231
115
-68
SW Vein
531200
5654020
2330
360
120
-48
SW Vein
530953
5653772
2390
354
127
-50
SW Vein
530953
5653772
2390
381
136
-50
SW Vein
530953
5653772
2390
375
125
-45
SW Vein
530919
5653596
2300
261
94
-45
SW Vein
530919
5653596
2300
261
108
-55
SW Vein
530919
5653596
2300
330
100
-55
SW Vein
530919
5653596
2300
330
83
-48.5
SW Vein
530919
5653596
2300
414
98
-63
SW Vein
530919
5653596
2300
351
128.5
-63
SW Vein
530953
5653772
2390
417
129
-58
SW Vein
530849
5653432
2260
300
129
-45
East Veins
531695
5653463
2120
357
90
-45
SW Vein
531195
5653839
2427
188
75
-45
SW Vein
531695
5653463
2120
165
91
-45
Blue Vein
530953
5653772
2390
219
84
-54
Blue Vein
530953
5653772
2390
201
105
-58
Blue Vein
530953
5653772
2390
198
95
-45
Blue Vein
530953
5653772
2390
195
150
-60
No.9 Vein
530953
5653772
2390
321
300
-55
Table 2: Significant Interval Table
Hole ID
To (m)
Interval (m)
True Thickness (m)
Gold Grade
MET Screen Grade
Vein
EZ-21-01
94.00
96.60
2.60
2.21
4.60
5.12
SW Vein
and
83.50
84.00
0.50
0.43
20.50
pending
SW Vein
EZ-21-02
102.40
109.00
6.60
5.61
8.40
pending
SW Vein
including
105.40
106.50
1.10
0.93
46.30
pending
SW Vein
EZ-21-03
88.60
95.00
6.40
5.44
7.22
pending
SW Vein
including
89.30
91.90
2.60
2.21
11.80
pending
SW Vein
and
90.00
91.30
1.30
1.11
19.80
pending
SW Vein
and
34.70
35.20
0.50
0.43
3.15
pending
SW Vein
EZ-21-04
122.00
126.00
4.00
3.40
31.20
34.40
SW Vein
including
123.00
124.50
1.50
1.28
52.10
68.30
SW Vein
including
124.00
124.50
0.50
0.43
72.00
87.30
SW Vein
EZ-21-05
134.00
135.00
1.00
0.85
1.38
not performed
7 Vein
217.55
218.25
0.70
0.59
1.74
1.67
SW Vein
and
256.00
256.50
0.50
0.43
1.03
0.89
SW Vein
and
554.85
555.35
0.50
0.43
0.24
not performed
West Vein
EZ-21-06
134.50
136.00
1.50
1.28
1.10
1.71
7 Vein
and
245.00
246.00
1.00
0.85
2.05
2.45
SW Vein
EZ-21-07
Hole lost
EZ-21-07B
40.10
41.10
1.00
0.85
4.88
not performed
7 Vein
and
51.50
52.20
0.70
0.60
9.06
not performed
7 Vein
and
160.00
165.75
5.75
4.89
0.53
0.70
SW Vein
EZ-21-08
196.25
202.40
6.15
5.23
0.65
0.66
SW Vein
and
226.60
227.10
0.50
0.43
1.54
1.85
SW Vein
EZ-21-09
58.60
59.10
0.50
0.43
0.31
not performed
Blue Vein
and
270.90
272.90
2.00
1.70
2.56
not performed
SW Vein
and
355.88
357.00
1.12
0.95
0.85
not performed
SW Vein
EZ-21-10
223.00
223.50
0.50
0.43
4.04
not performed
7 Vein
and
347.70
349.20
1.50
1.28
0.22
0.21
SW Vein
EZ-21-11
326.90
327.40
0.50
0.43
0.55
0.44
SW Vein
Hole ID
To (m)
Interval (m)
True Thickness (m)
Gold Grade
MET Screen Grade
Vein
EZ-21-12
117.80
118.80
1.00
0.85
47.6
33.7
Blue Vein
and
130.70
131.20
0.50
0.43
26.4
not performed
Blue Vein
and
163.90
164.40
0.50
0.43
5.50
8.41
Blue Vein
and
344.90
347.00
2.10
1.79
0.78
1.22
SW Vein
EZ-21-13
230.70
232.60
1.90
1.62
0.76
0.71
SW Vein
EZ-21-14
224.00
224.90
0.90
0.77
1.63
1.15
SW Vein
EZ-21-15
318.40
320.80
2.40
2.04
0.31
not performed
SW Vein
including
320.30
320.80
0.50
0.43
1.14
not performed
SW Vein
EZ-21-16
305.00
306.90
1.90
1.61
0.55
not performed
SW Vein
EZ-21-17
171.00
171.50
0.50
0.43
0.14
0.57
Vein
and
204.00
204.60
0.60
0.51
0.53
not performed
vein
and
254.60
256.85
2.25
1.91
1.40
1.58
7 Vein
and
350.13
350.75
0.62
0.53
1.01
not performed
SW Vein
and
379.47
382.00
2.53
2.15
0.63
0.64
SW Vein
EZ-21-18
299.50
299.90
0.40
0.34
1.53
not performed
SW Vein
EZ-21-19
127.50
128.00
0.50
0.43
4.52
not performed
Blue Vein
and
129.00
130.50
1.50
1.28
4.25
not performed
Blue Vein
and
167.80
168.70
0.90
0.76
4.50
6.14
Blue Vein
and
351.80
354.90
3.10
2.63
0.34
not performed
SW Vein
*true thickness is estimated using a multiplier of 0.85.
Appendix 2: The following tables are providedto ensure compliance with the JORC Code (2012) requirements for the reporting of Exploration Results for the Elizabeth – Blackdome Gold Project
Section 1: SamplingTechniques and Data
(Criteria in this sectionapply to all succeeding sections.)
Criteria
JORC Code explanation
Commentary
Sampling techniques
information.
Drilling techniques
what method, etc).
Drill sample recovery
have occurred due to preferential loss/gain of fine/coarse material.
Criteria
JORC Code explanation
Commentary
Logging
Sub- sampling techniques andsample preparation
Quality of assay data and laboratory tests
Verification ofsampling and assaying
Criteria
JORC Code explanation
Commentary
Location of datapoints
Data spacing anddistribution
Orientation of data in relation to geological structure
Sample s Security
Audits or Reviews
Section 2: Reportingof Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
JORC Code explanation
Commentary
Mineral tenement and land tenurestatus
(refer to ASX announcement 15 December 2020)
Exploration done by other parties
Criteria
JORC Code explanation
Commentary
Mining operations lasted six months and ended in May of 1999. During this period, 6,547 oz of Au and 17,300 oz of Ag were producedfrom 21,268 tons of ore. Further exploration programs were continued by Claimstaker over the following years and a Japanese joint venture partnerwas brought onboardthat prompted a name changeto J-Pacific Gold Inc. This partnership was terminated by 2010, resulting in another name change to Sona Resources Corp.
Geology
Blackdome and are correlated with the KamloopsGroup seen in the Ashcroft and Nicola regions.
Criteria
JORC Code explanation
Commentary
Geochemical studies (Vivian, 1988)have shown these rocks to be derivedfrom a “calc-alkaline” magma in a volcanicarc type tectonicsetting. Eocene age granitic intrusions at Poison Mountain some 22 kilometres southwest of Blackdome are host to a gold bearing porphyry copper/molybdenum deposit. It is speculated that this or related intrusions could reflect the source magmas of the volcanic rocks seen at Blackdome. There is some documented evidenceof young graniticrocks several kilometres south of the mine near Lone Cabin Creek.
The youngest rocks present are Oligocene to Miocene basalts of the Chilcotin Group. These are exposed on the uppermost slopes of Blackdome Mountain and Red Mountain to the south.
brittle faulting believed to be contemporaneous with mid- Eocene extensional faulting along the Marshall Creek,Mission Ridge and Quartz Mountain faults.
Criteria
JORC Code explanation
Commentary
Drill hole Information
of the report, the Competent Person should clearlyexplain why this isthe case.
Data aggregation methods
Relationship between mineralisation widths andintercept lengths
known’).
Diagrams
hole collar locations and appropriate sectional views.
Criteria
JORC Code explanation
Commentary
Balanced
reporting
Results.
Other substantive exploration data
substances.
Further work
information is not commercially sensitive.
SOURCE: Tempus Resources Ltd
View source version on accesswire.com:
https://www.accesswire.com/674512/Further-Drill-Results-Highlight-Blue-Vein-Potential

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Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T1)(OTCQB:MARVF); (the “Company”) is pleased to announce the Company has arranged a non-brokered private placement to raise proceeds of $750,000 by issuing both Flow Through and Non-Flow Through units
Up to 4,615,385 Flow-Through units will be issued at a price of $0.13 per unit. Each unit consisting of one Flow-Through common share and one-half of one common share purchase warrant; each whole warrant (“Warrant”) entitling the holder to subscribe for and purchase one non-flow-through common share (“Warrant Shares”) at a price of $0.25 for a period of 24 months following the acceptance date.
Up to 1,304,348 Non-Flow-Through units will be issued at a price of $0.115 per unit. Each unit consisting of one common share and one common share purchase warrant; each warrant (“Warrant”) entitling the holder to subscribe for and purchase one non-flow-through common share (“Warrant Shares”) at a price of $0.20 for a period of 24 months following the acceptance date.
The aggregate gross proceeds from the sale of the Offering will be used for exploration of the Company’s projects and general working capital.
A finders’ fees may be paid in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the “Exchange”).
All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering, and payment of the Finders’ fee are subject to the approval of the Exchange.
About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:
The Company’s website is: https://marveldiscovery.ca/
ON BEHALF OF THE BOARD
Marvel Discovery Corp.
“Karim Rayani”
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
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 release.
SOURCE: Marvel Discovery Corp.
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US banking regulators are looking to clarify crypto rules in 2022 – The Verge

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One of them is already working to make banks’ responsibilities clearer
The Federal Reserve, Federal Deposit Insurance Corporation (or FDIC), and Office of the Comptroller of the Currency (OCC) have issued a joint statement announcing a plan to clarify the rules and regulations around how banks can use cryptocurrencies over the next year (via Bloomberg).
The agencies say they’re focusing on setting expectations for what banks can do when it comes to holding crypto, allowing customers to obtain crypto, issuing their own stablecoins (or cryptocurrencies whose value is tied to a fiat currency like the US dollar), and taking crypto as collateral for loans and keeping it on their balance sheets. According to the letter, the goal is to make sure consumers are protected and that banks act responsibly. The regulators also say it’s an attempt to make sure the financial industry isn’t used to launder ill-gotten currency, something the Treasury Department has been focusing on recently.
The OCC has already made moves in this direction — on Tuesday, the acting comptroller released a letter clarifying decisions that the office had made throughout 2020 and early 2021. Now, the letter says, banks will have to ask permission from regional regulators before getting into certain crypto fields.
Previously, the Comptroller said banks were allowed to hold cryptocurrencies for customers as well as assets being used to back stablecoins. Banks were also told they could use stablecoins and act as nodes on blockchain networks. While financial institutions will still be able to carry out these activities, they’ll have to be able to prove to regulators that they can do so safely and responsibly.
These announcements come as some crypto companies have skirmished with regulators over what legal classifications their products fall under. Recently, Coinbase canceled its Lend program after a public feud with the Securities and Exchange Commission over whether what it was selling counted as securities (and would therefore fall under heavier legal scrutiny). The Treasury has also proposed that large cryptocurrency transfers be reported to the Internal Revenue Service, and has asked Congress to start regulating stablecoins.
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Altcoin Roundup: 3 signs that show crypto mass adoption is underway – Cointelegraph

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Bitcoin AUM falls 9.5% to record largest monthly pullback since July – Cointelegraph

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