Although low grade, there is possible economic potential for extraction as a by-product with the precious metals Rouyn Noranda, Q.C., May 8, 2024 - Granada Gold Mine Inc. is thrilled to announce a groundbreaking discovery of critical metals during its recent deep-hole gold drill program. The discovery includes a suite of low-grade alkaline and rare-earth elements , which, despite their low grade, hold significant economic potential as possible byproducts during precious metal mining, leveraging the innovative Re-2Ox process. The previous drill program including several deep holes has defined a potential strike length of 1.6 kilometers to a downhole depth of 1.6 kilometers, revealing the extensive nature of the Critical Mineral mineralization. A total of 21 mineralized zones w...

ALX Resources Corp. is pleased to announce the execution of a definitive agreement for an option earn-in transaction on its 100%-owned Gibbons Creek Uranium Project located in the northern Athabasca Basin near Stony Rapids, Saskatchewan. ALX has executed the Definitive Agreement with Trinex Lithium Ltd. , a wholly-owned subsidiary of Trinex Minerals Limited, which is a publicly-traded mineral exploration company listed on the Australian Securities Exchange. Under the terms of the Definitive Agreement, Trinex Canada can earn an initial 51% interest and up to a 75% participating interest in the Project in two stages over a period of five years by making cash payments and common shares payments to ALX, and by incurring exploration expenditures as shown in the table below. Detail...

Orea Mining Corp., has been permanently delisted from trading on the Toronto Stock Exchange and the OTCQB; transfer agent, clearing, CDS and DTC services are inactive or have terminated. Orea was assigned into bankruptcy on April 17, 2024. Crowe MacKay & Company Ltd., has been appointed as Licensed Insolvency Trustee of Orea's bankrupt estate, and affirmed by Orea's creditors at a meeting held on May 7, 2024. The Trustee is conducting a Sale and Investment Solicitation Process, on an "as is, where is" basis, of Orea's 100% share ownership interest in its Panamanian subsidiaries, which ultimately hold a 44.99% interest in the French joint-venture company Compagnie Minière Montagne d'Or, which was engaged in the development of the 5 million-ounce Montagne d'Or gold project in Fr...

Pacific Empire Minerals Corp. , a British Columbia copper-gold explorer, is pleased to announce today the appointment of Mr. Andrew Lee to the Board of Directors effective immediately. Mr. Andrew Lee currently serves as the Director of Finance at Wheaton Precious Metals Corp. Prior to joining Wheaton, he held several analytical positions at BHP Group Limited in Singapore. With over 15 years of experience in mining finance, Mr. Lee brings a wealth of expertise to Pacific Empire. He holds a Master of Business Administration from the Beedie School of Business at Simon Fraser University, complemented by a Double Major Bachelor of Science in Mathematics and Economics from Nanyang Technological University in Singapore. Pacific Empire's President and CEO, Brad Peters: "...

Europacific Metals Inc. announces the completion of the initial two drill holes of the 2024 exploration drill program at the Miguel Vacas mine area located approximately 180 km east by road from Lisbon and approximately 70 km east from Évora, the Alentejo region capital. HIGHLIGHTS The first hole , collared near the southern limit of the old open pit was completed at a depth of 112.8 meters. The hole intercepted a broad broken mineralized interval with copper secondary minerals associated with a 28 meters wide polyphase breccia/shear zone from 57 meters, including an expected high-grade zone of ca 2m from ca. 64 meters. Mineralization consists essentially of Malachite [], Libethenite , Crisocola , Atacamite , Covelite and Tenorite . Primary sulphides are virtually absent unti...

May 8, 2024 - Heritage Mining Ltd. is pleased to congratulate Treasury Metals Inc. on its recently announced business combination transaction with Blackwolf Copper and Gold Inc. . The Company believes this is a significant vote of confidence to one of the last underdevelopment greenstone belts in Northwestern Ontario, Canada. Select Transaction Highlights & Comments1 Potential Near-Term Gold Production at Treasury's Goliath Gold Complex Project Strong Financial Position: The balance sheet of the combined entity will be fortified with a combined cash position of more than C$10 million, plus a proposed concurrent minimum C$4 million flow-through financing. Enhanced Capital Markets Focus: New capital markets strategy to be led by cornerstone investor Frank Gius...

Elemental Altus Royalties Corp. is pleased to announce the acquisition of up to a 1.40% net smelter return royalty from Aterian Plc over the HCK Lithium Project in the Republic of Rwanda currently under a Joint Venture agreement with Rio Tinto Mining and Exploration Ltd . Highlights: New 1.25%-1.40% lithium NSR royalty acquired by Elemental Altus Royalty covers HCK Project in Rwanda operated and managed by Rio Tinto Option to be granted second royalty on additional Musasa lithium permit in Rwanda Frederick Bell, CEO of Elemental Altus, commented: "We are excited to add another highly prospective exploration royalty to the portfolio which is being advanced by Rio Tinto. Historical work at the HCK project has identified 19 separate LCT pegmatite zones offering the prospective s...

American Copper Development Corp. reports that it has renegotiated the terms with Waterton Nevada Splitter LLC for the purchase of the Lordsburg Property. The Company now has reduced its liabilities to Waterton from CAD$5,000,000 to CAD$400,000 due by August 2025. In consideration of the new terms, Waterton Nevada Splitter LLC has been paid CAD$625,000 and has been issued 1,564,823 shares in the Company. Rick van Nieuwenhuyse, Chairman comments: "This is a significant accomplishment for our Company to be a big step closer to owning the Lordsburg district 100% out-right. Having drilled an exciting intercept of 44m at 1% Cu last year, we are now able to explore this district further from both surface expressions of Copper/Gold mineralization and at depth targeting the Resolutio...

Lake Victoria Gold - is pleased to provide an update and report on the progress of corporate and technical developments. Imwelo Property Update The recent Fair Competition Commission approval for the acquisition of the Imwelo Mining License represents an important regulatory milestone, moving the project closer to the transfer of the ML. Concurrently, the Tanzania Revenue Authority is in the process of assessing the capital gains tax due on this transaction, with a decision expected shortly. This tax assessment and payment is crucial as it represents the final hurdle before the official transfer of the ML. The completion of final engineering and the transfer of the ML triggers the second tranche of investment from TAIFA Group. The Company is in advanced negotiations with a number of other ...

First Majestic Silver Corp. is pleased to announce the unaudited condensed interim consolidated financial results of the Company for the first quarter ended March 31, 2024. The full version of the financial statements and the management's discussion and analysis can be viewed on the Company's website at www.firstmajestic.com or on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. All amounts are in U.S. dollars unless stated otherwise. FIRST QUARTER HIGHLIGHTS Production of 5.2 million silver equivalent ounces, consisting of 2.0 million silver ounces and 35,936 gold ounces, in line with the Company's 2024 production guidance plan as management anticipates improvements in the second half of the year due to planned higher ore grades and throughput rates. Quarterly re...

Elysee Development Corp. announces today its intention to make a normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to 1,418,238 of its issued and outstanding common shares, being approximately 4.99% of the Company's currently outstanding common shares and approximately 6.39% of the Company's Public Float being 22,197,613 . The Bid will commence on May 13, 2024, and will terminate on May 12, 2025, or such earlier time as the Bid is completed or at the option of the Company. The Bid replaces the Company's current normal course issuer bid which expires on May 10, 2024. Research Capital Corporation of Vancouver, British Columbia will conduct the Bid on behalf of the Company. The Bid will be conducted in accordance with applica...

Results include 0.9% Ni, 2.9% Cu, and 9.5 g/t Pt+Pd+Au over 6.3 metres, starting at surface Magna Mining Inc. is pleased to provide additional diamond drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 Footwall Zone. Highlights from the new assay results include: 109 FW Zone MCB-24-029: 0.9% Ni, 2.9 % Cu, 9.5 g/t Pt + Pd + Au over 6.3 metres MCB-24-031: 0.7% Ni, 0.8 % Cu, 6.8 g/t Pt + Pd + Au over 7.0 metres Including 1.9% Ni, 2.3 % Cu, 10.9 g/t Pt + Pd + Au over 2.1 metres MCB-24-033: 0.2% Ni, 2.0 % Cu, 11.3 g/t Pt + Pd + Au over 4.5 metres MCR-24-075: 0.2% Ni, 0.2 % Cu, 17.0 g/t Pt + Pd + Au over 13.0 metres Dave King, SVP Technical Services stated, "Recent drilling at Crean Hill has focused imme...

Successful completion of Phase 6 drill program Drill results from Main, Footwall, Deformation, and Contact Zones 2024 environmental field program underway Pre-feasibility study tradeoff studies underway MATHESON, Ontario, May 08, 2024 -- Mayfair Gold Corp. is pleased to announce the safe and successful completion of the Phase 6 resource drill program focused on extending the strike of the Footwall Zone mineralization at Mayfair's 100% controlled Fenn-Gib gold project. The Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit-constrained Indicated mineral resource estimate of 3.38 million ounces gold at a grade of 0.93 grams per tonne Au and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au . The near-surface Fenn-Gib gold min...