Azimut Exploration Inc. is pleased to announce the appointment of Mr. Alain Cayer as Project Manager for the Company. His role will mainly focus on advancing the Elmer Gold Project. During his career, Mr. Cayer has acquired extensive experience in mineral exploration in Quebec for a wide range of geological settings and mineral commodities . His previous positions include VP Exploration for Kintavar , Chief Geologist then VP Exploration for Geomega Resources , Senior Geologist for Geonordic Technical Services and Geologist for SOQUEM . Mr. Cayer contributed directly to the discovery of the Éléonore gold deposit as Project Manager for Virginia Gold Mines, from the initial discovery of the Roberto Zone in 2003 to the sale of the mining project to Goldcorp in 2005. For this disco...

Highlights 12 months 2023, Auriant Group Amounts in parentheses refer to the same period in the previous year. Gold production in line with the mine plan - 668.3 kg /21,486 oz Gold sales 603.9 kg /19,415 oz Consolidated revenue US$ 37.3 mln Net loss after tax US$ -7.0 mln EBITDA US$ 8.4 mln Net cash flow generated from operating activities US$ 4.8 mln Average selling price for gold US$ 1,923 per oz As of 1 January 2023 the Group changed its functional currency from the US Dollar to Russian Rouble. For all Russian entities the functional currency is the Russian Rouble . The functional currency of the parent company is Swedish Krona . The presentation currency is USD . In December the terms of the Golden Impala Limited bond were changed as follows: - 12 months grace period on interest accrua...

Nexus Uranium is pleased to announce it has acquired a significant historical data set covering its Wray Mesa uranium project. The database includes results from extensive historical exploration by Atlas Minerals in the 1970's and 1980's covering the Wray Mesa project and surrounding area. The acquisition of the database was facilitated by the project optionor, Basin Uranium Corp., with the acquisition and analysis costs counting towards the Company's exploration expenditure requirements under the option agreement for the project.

Copper Fox Metals Inc. is pleased to provide its shareholders an outline of the 2024 program for the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture . Teck Resources Ltd. is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest. 2024 Program Highlights: The objective of the program is to advance the key project parameters to transition the project from Scoping to Prefeasibility Study stage by the end of 2024 or early in 2025. Planned expenditures in 2024 are C$18.7 million to be fully funded by Teck. Technical Activities: Completion of the metallurgical testwork program currently underway 4,500m of dr...

Benjamin Hill Mining Corp. is pleased to announce assay results from the inaugural diamond drill holes that intercepted 211.65 metres of 0.46 grams/tonne gold in extensive porphyry style mineralization at the Alotta gold-copper-molybdenum target in the west-central Yukon . Table: 1 Hole Number From To Interval * Au Cu ALT-23-01 7.35 219.00 211.65 0.46 0.02 including 97.55 120.00 22.45 1.20 0.02 including 104.97 105.61 0.64 9.94 0.32 ALT-23-02 62.86 162.00 99.14 0.30 0.02 * Posted intervals are core lengths, the orientation of mineralization is not known at this time. Holes ALT-23-01 and ALT-23-02 tested the south-central portion of an induced polarization, chargeability high with coincident copper and gold in soil anomalies. The drill program is expected to recommence in May ...

Key Highlights: Pancake Creek - Golden Shield intersects 90m shear zone in the second of three diamond drillholes at Pancake Creek. Mazoa Hill - Golden Shield intersects 15 m at 1.40 g/t Au from 14.5 m depth and 16 m at 1.01 g/t Au Incl. 8 m at 1.23 g/t Au from 71 m depth in initial drill results from the first 100 m of hole MH-24-40. Golden Shield has now drilled 1336m in 6 drillholes at the Marudi Mountain property in 2024. Golden Shield Resources Inc. is pleased to report positive drill results and provide an initial update on the ongoing diamond drill program occurring at the company's flagship Marudi Mountain Property . The Company intersected a 90m shear zone with a chlorite-pyrite-pyrrhotite assemblage that is seen to host gold in the FQ unit, in hole PAN-24-42 at the ...

and HOUSTON, Feb. 29, 2024 /CNW/ - International Battery Metals Ltd. , is pleased to announce that it has completed its previously announced initial private placement financing with EV Metals VI LLC , in which it issued 2,702,400 units of the Company at a price of C$1.00 per Unit, for gross proceeds of USD$2 million . Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of C$1.25 per Warrant Share, until March 1, 2026. The proceeds from the Initial Closing will be used by the Company to fund its current obligations for the deployment of its modular direct lithium extraction plant in the western United States as previously announc...

Lithium Corp. , a North American exploration mining company focused on energy metals for the growing energy storage sector and high-tech industries, is pleased to advise investors the Company recently expanded its internal geological expertise and knowledge with the engagement of Ken Tullar, CPG, in the role of Exploration Manager, Lithium Corp.. Mr. Tullar brings more than 35 years of professional mineral exploration & development experience in western North America, from Alaska to Mexico, with an emphasis on Nevada. His extensive background in geology, structure, geochemistry, hydrochemistry and geophysics, and specific knowledge of the Great Basin, makes him a valued asset as Lithium Corp. charts a path to expanding and developing its portfolio ...

Tocvan Ventures Corp. , is pleased to announce reverse circulation drilling is set to commence at its road accessible Pilar gold-silver project in the mine-friendly State of Sonora, Mexico. After a year hiatus of drilling to focus on bulk sampling and land consolidation, the Company will now begin systematic drilling for resource definition and additional targeting across the Pilar property. The initial focus will be on infill and step-out targeting within and adjacent to the Pilar Main Zone including where previous drill campaigns successfully discovered the southern extension of the Main Zone, returning 108.6 meters of 0.8 g/t Au, including 9.4 meters of 7.6 g/t Au and 5 g/t Ag. Sonora is one of the most cost-effective jurisdictions for exploration and development. The Comp...

Strategic Metals Ltd. is pleased to announce that its partner Benjamin Hill Mining Corp. successfully intersected extensive porphyry style mineralization in its inaugural diamond drill program at the Alotta gold-copper-molybdenum project in the west-central Yukon . Benjamin Hill has the optional right to earn up to a 60% interest in the Alotta project by incurring aggregate exploration expenditures of $11 million by the end of 2027 and and making aggregate cash payments to Strategic of $500,000 by January 17, 2028. Table 1 Hole Number From To Interval Au Cu ALT-23-01 7.35 219.00 211.65 0.46 0.02 including 97.55 120.00 22.45 1.20 0.02 including 104.97 105.61 0.64 9.94 0.32 ALT-23-02 62.86 162.00 99.14 0.30 0.02 *Posted intervals are core lengths, the orientation o...

Montero Mining and Exploration Ltd. announces that it has completed a debt settlement transaction with Dr. Antony Harwood, the Corporation's CEO and certain other creditors, in consideration for the issuance of 1,300,813 common shares of the Corporation at a deemed price of CAD$0.15375 per Settlement Share , as previously announced on December 29, 2023. The Corporation settled aggregate debt of CAD$200,000 pertaining to expenses accruing since 2021. The Corporation issued the Settlement Shares to settle the Debt in order to preserve cash for general working capital purposes. Dr. Harwood is an insider of the Corporation, was issued 905,849 Settlement Shares pursuant to the Debt Settlement, and accordingly, the Debt Settlement is considered a "related party transaction" within ...

Sokoman MineralsCorp. is pleased to report that two of the first three holes of the winter drill program at the 552 Zone have intersected quartz veins with visible gold. All three holes, drilled on the same section from the same setup, encountered the 552 structure, with the deepest hole, MH-24-580 cutting a 2.0 m zone that included two 0.30 m to 0.50 m intervals, with up to 30 specks of fine visible gold. All assays are pending. Timothy Froude, P.Geo., President and CEO states; "We are pleased with the progress on the winter program at the 552 Zone. We will continue the drilling as long as weather and ground conditions allow until spring breakup. The 552 Zone area has seen limited drilling along strike and to depth and it remains open. The...

Alta Copper Corp. is pleased to report very positive results from the metallurgical program for the Cañariaco Sur copper gold porphyry deposit and provides a project update at its 100 percent owned Cañariaco advanced-stage copper project. Highlights: Positive Metal Recoveries from Metallurgical Program at Cañariaco Sur; Positive Site Visit evaluating mine Infrastructure Options; Optimized Preliminary Economic Assessment advancing as planned with results to be published in early April 2024; Update on Drill Permit Application for up to 47,000 meters of drilling; and Community Relations advancing by way of further ratifying future commitments for the development of sustainable projects in the area. Joanne C. Freeze, President and Chief Executive Officer of Alta Copper, commented: ...