Red Pine Exploration Inc. is pleased to announce that Michael Michaud will be joining Red Pine as its President & Chief Executive Officer and as a member of its board of directors . Mr. Michaud is a Professional Geologist with over 30 years of experience in domestic and international gold exploration and mining that includes a broad range of deposit types within North and South America, Africa, Asia and Europe. Michael was responsible for developing and implementing regional and mine-site exploration strategies to discover new deposits and to expand mineral resources and reserves around existing mines. Mr. Michaud has served as SVP, Exploration and Resources at Wesdome Gold Mines Ltd. since 2017 and, before that, served as Iamgold Corporation's Chief Geologist responsible for...

Labrador Gold Corp. is pleased to announce that it has entered into a property purchase agreement with New Found Gold Corp. , whereby NFG will acquire a 100% interest in the Kingsway Project, including all property and mining rights associated with the property, in exchange for $20,000,000 CAD payable and satisfied by the delivery to LabGold of such number of NFG Common Shares determined by dividing the Purchase Price by the closing price of the NFG Common Shares on the TSX Venture Exchange on the last trading day prior to the closing of the Transaction. The Consideration Shares will be subject to a resale restriction of four months and one day from the closing of the Transaction. "The LabGold team has worked hard over the last four years to generate and test ta...

Sparton Resources Inc. is pleased to announce that Eldorado Gold Corporation has, effective April 18, 2024, exercised its option to acquire from Sparton an initial 75% interest in the Bruell gold project, east of Val D'Or, Québec. Further Option Extension Sparton and Eldorado have executed, effective April 18, 2024, a further amendment to the original Option Agreement to delete the twenty business day further option period and replace it with a seventy-five business day option period for Eldorado to implement the joint venture or decide if it wishes to acquire all of the remaining Sparton 25% interest for a combination of a $1.8 million cash payment and a residual 2% Net Smelter Return royalty. Fifty percent of the NSR can be purchased by Eldorado for $2.5 million at any time...

Highlights Canada Nickel is exercising its option to earn an 80% of the Mann Township mining claims is pleased to announce that Canada Nickel Company is exercising its option to acquire an 80% interest in the Mann Nickel Property from Noble in the Timmins area of northern Ontario. The option terms included: Exploration expenditures of $1.7 million on the Property, Cash payment to Noble of $350,000 , Annual cash payments to Noble of $100,000 , Underlying NSR rights to previous claim optionors and to Noble . Vance White President and CEO of Noble commenting on the exercise of the option said, "We are very pleased for Canada Nickel to be earning the 80% interest in the Mann Project, and also pleased with the exploration results encountered to date. We very much look forward to seeing how the...

Pacific Empire Minerals Corp. , a British Columbia copper-gold explorer, announces a fully subscribed, non-brokered, private placement financing 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000 . Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.08 per Common Share for a period of 36 months from the closing date of the Offering. The funds will be used for exploration on its flagship Trident copper-gold-silver porphyry project and for general working purposes. Closing of the Offering is expected to occur on or around April 30, 2024 and is subject to all necessary approvals, including the approval ...

Myriad Uranium Corp. is pleased to announce that its earn-in partner at the Copper Mountain Uranium Project, Rush Rare Metals Corp. , has entered into a 20-year mining lease with Diamond X Ranch, LLC dated April 9, 2024, with automatic extensions if mining is in progress. The area subject to the Lease forms part of the Copper Mountain Uranium Project, in which Myriad has a 75% earnable interest pursuant to a property option agreement with Rush. With the Lease, the size of the Copper Mountain Uranium Project increases by 320 acres from 3,886 to 4,206 acres. Figure 1: Copper Mountain area leased from Diamond X To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6301/206309_ea5d38fe14665b63_002full.jpg Under the Lease, M...

Core Nickel Corp. welcomes Paul Reid as a significant investor in the Company. Mr. Reid currently holds or has control over an aggregate of 12.9% of the issued and outstanding shares calculated on a partially diluted basis. Mr. Reid was a lead order in the Company's inaugural private placement that closed on December 29, 2023, and recently purchased 1,000,000 million common shares in the open market. As announced on April 8, 2024, the Company completed its winter drilling campaign on the 100% owned Halfway Lake property in the Thompson Nickel Belt, Manitoba. The Company completed three drillholes for a total of 797.45 metres in the historical W62 Zone and intersected sulfide mineralization in all three drillholes. Highlights from the Halfway Lake drill program can be found in...

Nevada Copper Corp. provides an update on its financing activities in connection with the ramp-up of its wholly owned Pumpkin Hollow Underground copper mine . As previously disclosed, the Company requires further funding in the near term to complete the commissioning and ramp-up of its underground mine and to continue operations. The Company has been in discussions with a third-party regarding a proposal for additional financing and a potential change of control transaction. While the exclusivity period relating thereto has lapsed, discussions are continuing. The Company is also in discussions with its key stakeholders to obtain funding and is seeking to enter into discussions with other parties in order to obtain funding and/or enter into a change of control transaction. Ther...

Ecora Resources PLC announces that on 22 April 2024, it purchased 250,000 ordinary shares of 2p each in the Company on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 27 March 2024 . The shares acquired will be held in treasury. Date of purchase: 22 April 2024 Aggregate number of ordinary shares purchased: 150,000 Lowest price paid per share : 82.10 Highest price paid per share : 82.10 Volume weighted average price paid per share : 82.10 Following the purchase, the Company will have 261,732,553 ordinary shares of 2p each in issue, of which 9,475,656 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 252,256,897. The above figure of 252,256...

Heritage Mining Ltd. is pleased to announce that the Ontario Ministry of Mines has issued the exploration permit required in connection with its 2024 drilling and additional exploration program on its flagship Drayton-Black Lake Project. The program's primary focus will be to drill six priority targets at DBL. Click Image To View Full Size Figure 1: Drayton-Black Lake Target Areas "The permit approval is a confirmation of our established relationships with the nearby First Nations communities and the Ministry of Mines. We would like to personally thank the Lac Seul First Nation, Ojibway Nation of Saugeen, Metis Nation of Ontario as well as the Ministry of Mines for their time and efforts on the permitting process. This is a great step forward to advancing o...

Aztec Minerals announces that recent field work and review of historical data at the Tombstone Project has identified the Westside area as a high potential target for shallow gold-silver mineralization, almost doubling the project's potential gold-silver oxide mineralization footprint near to the historic Contention Pit. In 2023, the Tombstone JV acquired the Westside patented claim which is longitudinally astride the major Westside fissure stringer vein lode, a key geological feature with multiple evidence of hosting high-grade gold silver oxide mineralization i...

Troilus Gold Corp. , reports that Sayona Mining Ltd. has divested its entire equity position in Troilus. Last week, Sayona sold approximately 19.2 million Troilus shares at C$0.63, which was executed through a block trade facilitated by a Tier-1 Canadian brokerage firm. These shares have been acquired by a group of new and existing core institutional shareholders. An additional 1.2 million shares were sold on the open market. Sayona, who became a large shareholder in Troilus in late 2022 following the acquisition of some of the Company's non-core claims, covering 985 square kilometres, sold its position in the Company to strengthen its balance sheet. Troilus retained a 2% net smelter returns royalty on all mineral products from these properties . Justin Reid, CEO...

Ascot Resources Ltd. is pleased to announce that on April 20, 2024 the Company poured first gold as a part of the commissioning process at the Premier Gold Project , located on Nisga'a Nation Treaty Lands in the Golden Triangle of northwestern British Columbia. Derek White, President and CEO, commented, "The first gold pour is a hallmark commissioning milestone for Ascot, representing the culmination of years of hard work. We express our gratitude to our dedicated workforce, our diligent contractors, our supportive shareholders and financiers, Nisga'a Nation, government officials, and the local communities of Stewart, BC and Hyder, Alaska - all of whom played important roles in seeing this first gold pour come to fruition." Commissioning of the process plant at PGP is ongoing...