Salazar Resources Ltd. is pleased with today's announcement of the proposed acquisition by Silvercorp Metals Inc. of Adventus Mining Corporation , and Salazar would be glad to welcome Silvercorp as its new strategic partner and co-owner of the construction-ready El Domo - Curipamba project as well as the Pijili and Santiago exploration projects in Ecuador. Earlier today, Silvercorp announced its intension to acquire Adventus, who has been Salazar's trusted partner since 2017, by way of an arrangement that the parties estimate will close during the summer of 2024 following receipt of shareholder and court approval. With Silvercorp's record of operations excellence, Salazar believes that Silvercorp would bring new international technical experience and financial res...

Gold Mountain Mining Corp. is pleased to announce that Hugh Behroozy has been appointed to its Board of Directors effective immediately. Mr. Behroozy is an entrepreneur with experience funding and building businesses across a breadth of industries. Mr. Behroozy's background in systems integration, 3D modeling and artificial intelligence, which will support the company in further understanding the Elk project's ore-body and development of predictive modeling. Hugh will serve as an independent director and member of the company's audit committee. About Gold Mountain Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South...

Established gold producer Austral Gold Ltd. is pleased to advise that the following documents were dispatched to shareholders today for its Annual General Meeting to be held on Tuesday, 28 May 2024 at 8:00am AEST in Sydney Australia: Notice of Annual General Meeting Shareholder proxy for shares traded on the ASX Shareholder proxy for shares traded on the TSX.V 2023 Annual Report The Notice of Annual General Meeting and the two sample Proxy Forms will be available at http://www.asx.com.au, on the Company's website at www.australgold.com and on Sedar+ under the company's profile. About Austral Gold Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity ...

Golden Lake Exploration Inc. is pleased to announce that further to its press releases dated April 16, 2024, the Company has closed the non-brokered private placement. The Company issued 17,600,000 units at a price of $0.05 per Unit for aggregate gross proceeds of $880,000. Each Unit is comprised of one common share and one transferable common share purchase warrant of the Company . Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at an exercise price of $0.07 per share. Proceeds raised will be used for advancing the Company's Jewel Ridge property in Nevada as well as for general working capital. Finders' fees of $25,450 cash and 509,000 non-transferable finders' warrants were paid to arm's length parties. Eac...

Scottie Resources CEO Brad Rourke joined Steve Darling from Proactive to provide an update on the final assays from the company's 2023 drill campaign on the Blueberry Contact Zone in British Columbia's Golden Triangle. The results included impressive intercepts such as 13.9 g/t gold over 7.00 meters and 59.2 g/t gold over 1.25 meters.
Rourke explained that the Blueberry Contact Zone is situated 2 kilometers north-northeast of the Scottie Gold Mine, which the company owns outright and is located 35 kilometers north of Stewart, BC, along the Granduc Road, the zone has shown significant promise for high-grade mineralization.
The 2023 drill campaign encompassed 20,130 meters of diamond drilling, primarily aimed at expanding the Blueberry Contact Zone. The drilling successfully ex...

Gabriel Resources Ltd. is pleased to announce that it has entered into definitive subscription agreements with certain investors in connection with a non-brokered private placement of up to 377,594,750 common shares of the Company at a price of $0.02 per Common Share for gross proceeds of up to US$5.575 million , subject to stock exchange and other approvals as applicable. The Company reserved the price for the Private Placement by filing a price reservation form with the TSX Venture Exchange on April 19, 2024. The number of Common Shares to be issued pursuant to the Private Placement represents approximately 36% of the Common Shares currently issued and outstanding on a non-diluted basis. Closing of the Private Placement is subject to a number of conditions, including, without...

Argentina Lithium Vice President of Exploration Miles Rideout joined Steve Darling from Proactive to share positive results from the 12th exploration hole at the Rincon West Project in Salta Province, Argentina. Brine samples collected over a 165-meter interval of RW-DDH-012 ranged from 322 to 371 mg/l lithium. The Rincon West Project covers 5,198.8 hectares of the salar basin, consisting of three property blocks adjacent to Rio Tinto's Rincon Project.
Rideout explained to Proactive that drill hole RW-DDH-012 represents the third exploration hole of the 6-hole program planned for the Rinconcita II property. Currently, the company is completing access to the next drill platform, representing a further 1000-meter step towards the northeast corner of the property block. Samples collected betw...

Atha Energy CEO Troy Boisjoli joined Steve Darling from Proactive to announce the company's agreement with Inspiration Energy Corp. In this agreement, Atha has granted Inspiration an exclusive option to acquire a 70% interest in each of Atha's Plateau and Ledge properties, subject to option considerations and work commitments outlined in the option agreement.
Boisjoli explained to Proactive that this agreement on two of Atha's early-stage projects follows the company's maiden exploration program conducted in 2023. During this program, Atha made significant investments in a large number of early-stage uranium exploration projects within its portfolio. The aim was to identify and derisk a high number of targets within the high-grade Athabasca basin, which now supp...

Torr Metals CEO Malcolm Dorsey joined Steve Darling from Proactive to announce preliminary results that have identified near-surface high-priority geophysical resistivity anomalies extending up to 1.5 kilometers in depth. These anomalies are coincident with highly anomalous copper, gold, and molybdenum mineralization at the surface.
Dorsey explained to Proactive that exploration drill targets have been identified using a newly completed 3D resistivity inversion voxel model. This model was derived from the ZTEM geophysical survey completed over the entirety of the company's 100% owned approximately 140 square kilometers Kolos Copper-Gold Project in late 2023.
The identified trend encompasses five priority exploration targets that delineate potential porphyry centers, all of wh...

Minera Alamos Inc. is pleased to announce the execution of merger agreements between Minera's Mexican subsidiary, Cobre 4H de Sonora de Mexico , and Minera Gold Copper de Sonora, S. DE R.L. de C.C an arms-length Mexican company. Pursuant to the agreements, share ownership in the Cobre subsidiary will be divided between Minera Alamos and the existing shareholders of Minera Gold Copper . The combined subsidiary will now own Minera's Los Verdes and Potreritos copper projects as well as Minera Gold Copper's Suaqui Verde copper project as well as certain rights to additional surrounding claims associated with the Suaqui Verde copper district. The acquisition of the Suaqui Verde project complements the Company's Los Verdes and Potreritos copper projects and is a key project in a pi...

Nio Strategic Metals announces that it has amended its $500,000 unsecured loan agreement with Nio-Metals Holdings LLC dated March 17, 2021 to extend the maturity date to April 30, 2025, subject to no other condition. Following the cash reimbursement of $50,000, the Amended Loan Agreement has been reduced to $450,000. Except for the maturity date and the principal amount, the other material terms and conditions of the Amended Loan Agreement have remained the same. Related Party Disclosure Pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions , the Amended Loan Agreement constitutes a "related party transaction" as Nio-Metals currently holds 45.9% of the issued and outstanding common shares of the Company. The Company...

Spruce Ridge Resources is pleased to announce that it has closed the acquisition of the Shamrock Nickel Sulphide Property. Steve Balch, President and CEO, stated, "Spruce is increasing its presence in the U.S. critical minerals market with the acquisition of an interesting nickel sulphide property where the grades of nickel and copper are both over 1.0% and where the mineralization is open along strike and at depth. We do not yet know the extent of the mineralization and there is no record of exploration since the 1950s. We believe there are significant platinum group metals present as well." The acquisition terms were amended as disclosed below. Shamrock Property Information on the Property is taken from a National Instru...

American Eagle Gold Corp. is pleased to announce that it intends to complete a non-brokered private placement of up ‎to 4,807,692 charity flow-through common shares at C$1.04 per ‎Charity FT Share, for aggregate gross proceeds to ‎the Company of up to C$5,000,000 .‎ Proceeds from the Offering will be used for exploration work at the Company's NAK project located in the Babine Copper-Gold Porphyry district in central British Columbia. The final drill hole of the 2023 exploration season yielded 302 metres of 1.09% within 606 m of 0.74% Copper Equivalent starting from 98 metres downhole. The Company plans to step out from this drill hole to begin the 2024 drill season, set to begin in May. The Charity FT Shares will qualify as "flow-through shares" of the Income ...