Luca Mining Corp. is pleased to announce it has received conditional TSX Venture Exchange approval and closed a debt restructuring and debt transaction previously announced by news release dated December 6, 2023. Debt Settlement The Company is pleased to announce it has closed its debt settlement with the Latapi Consultores, S.A. de C.V. . Under the Debt Settlement, the Company has issued an aggregate of 17,750,000 Shares to settle outstanding debt of CAD$11,029,817, comprising of CAD$3,042,317 of debt that the Latapi and the Company agreed to write off and CAD$7,987,500 of debt that has been settled in common shares of Luca , at a price of CAD$0.45 per Share. The Shares were issued to a syndicate of creditors with Latapi acting as agent on behalf of the syndicate to negotiate...

Power Nickel Inc. is pleased to announce it has started the 2024 winter Drill Program at the Nisk Nickel Sulfide project in Nemaska Quebec. "We are excited to start our ambitious 2024 Drill Program. The Program will have multiple objectives. First, to test the four new target zones that were identified from the interpretation of our Ambient Noise Tomography program. These targets are hosted in areas showing a similar "ANT signature" to Nisk Main. Given the right geology, each target represents a potential volume varying from 50% to 100% of the volume we have identified at Nisk Main . Second, we will be testing the extension of our PGM hole that hit on over 1 ounce of PGM over 7.75 metres as outlined in Figure 2. Finally, we will look to continue to extend the known resource a...

GoldMining is pleased to announce that, pursuant to its previously announced option agreement with NevGold Corp. dated June 14, 2022, it has received payment in the amount of $3 million, which pursuant to the terms of the Option Agreement, was satisfied by NevGold by issuing to the Company 10,000,000 common shares. As a result, the Company has completed the sale of the Nutmeg Mountain Project to a subsidiary of NevGold. The sale of the Project crystallizes immediate value for GoldMining, while allowing it to retain potential upside to the Project's future potential and remain focused on advancing and unlocking value from the other assets in the GoldMining portfolio. GoldMining now has $132 million of aggregate equity holdings in NevGold , U.S. [wp=1789]GoldMining Inc.[...

NevGold Corp. announces the issuance of 10,000,000 NevGold common shares to GoldMining Inc. pursuant to the Nutmeg Mountain Option Agreement dated June 13, 2022 . The total Share Issuance Payment of 10,000,000 shares equates to $3.0 million issued at $0.30 per share representing the 30-day VWAP share price as of market close on December 18, 2023. NevGold has now exercised the option under the Nutmeg Mountain Option Agreement to acquire 100% of the Nutmeg Mountain Gold Project in Washington County, Idaho . NevGold announced a Mineral Resource Estimate at the Project on August 17, 2023 of 1,007,000 Indicated ounces of gold , and 275,000 Inferred ounces of gold . NevGold CEO, Brandon Bonifacio, comments: "Completing the acquisition of 100% of Nutmeg Mountain from G...

SouthGobi Resources Ltd. Reference is made to the announcement of the Company dated November 17, 2023 in relation to the waiver provided by JD Zhixing Fund L.P. of the Company's payment obligations under the November 2022 Deferral Agreement. Unless otherwise specified, terms used in this announcement shall have the meaning as defined in the November 17 Announcement. The Company announces that JDZF has agreed to extend the date upon which the Waiver is in effect in relation to the Waived PIK Interest Default from January 19, 2024 to April 30, 2024. Aside from the aforementioned extension, the other terms of the Waiver described in the November 17 Announcement remain in effect and unamended. If there is any inconsistency or discrepancy between the English and Chinese version, t...

Highlights: In 12m 2023, hard rock gold production amounted to 648.3 kg , compared with 771.5 kg in 12m 2022, a decrease of 16%, or 123.2 kg ; Alluvial gold production by a third party mining contractor at Staroverinskaya amounted to 20.0 kg , compared with 8.6 kg an increase of 131%, or 11.3 kg . In 12m 2023, total gold sales were 603.9 kg , compared with 882.2 kg in 12m 2022, a decrease of 278.4 kg , or 32%; 416,986 tonnes of ore with average grade of 1.75 g/t were processed through the CIL plant compared with 413,323 tonnes in 12m 2022, an increase of 1%, or 3,663 tonnes The average grade during 12m 2023 was 1.75 g/t, compared to 2.04 g/t in 12m 2022, a decrease of 14%; 235,670 tonnes of ore were mined in 12m 2023, compared with 355,310 tonnes in 12m 2022, a decrease of 119,640 tonnes o...

Mako Mining Corp. is pleased to announce that it has been approved for graduation to Tier 1 issuer status by the TSX Venture Exchange . Therefore, effective at market open, Tuesday, January 23rd, 2024, the Company's Tier classification will change from Tier 2 to Tier 1. The TSXV classifies issuers into different tiers based on certain standards including historical financial performance, stage of development and financial resources. Tier 1 is TSXV's premier tier and is reserved for the TSXV's most advanced issuers with the most significant financial resources. On behalf of the Board, Akiba Leisman Chief Executive Officer About Mako Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Alb...

Pampa Metals Corp. is pleased to advise that follow-up diamond drill testing at the Piuquenes Copper-Gold Porphyry project has commenced. The primary objectives of the program are to test the depth and lateral extension of the high-grade intervals of open mineralization at Piuquenes Central, and its potential to host an orebody of 1,000 m depth and 300 - 500 m diameter. Follow-Up Diamond Drill Program The follow-up program consists of up to 4 diamond drill holes, including two priority drillholes of ~850 - 900 m depth, is summarized as follows: Hole 1 is orientated along a northeast-southwest geological section, proximate to the historical P8A and PIU16-DDH01 drillholes and designed to extend the depth of known mineralization at the southwestern edge of Piuquenes Central porp...

Blackwolf Copper and Gold Ltd. is pleased to announce the final assay results from the 7 hole surface drill program and surface sampling at the Harry Property, and the 3 hole, first-ever, drill program at the Cantoo Property completed in 2023. The two properties are strategically located in the prolific Golden Triangle. The Cantoo Property is positioned 15 kilometers north of Hyder, Alaska, neighboring the town of Stewart, British Columbia. It is also 3 kilometers west of the past-producing Premier Gold Mine, currently in development, and 10 kilometers south of the Scottie Gold Mine. The Harry Property, located 30 kilometers north of Stewart, BC, is accessible along the all-season Granduc Road. Situated within a 50 kilometer-long axis featuring high-grade gold occurrences and...

Belt Scale Opportunity with High Grade Lithium Assays at Initial Drill Target Area Grid Metals Corp. today announced that it has received exploration permits and will immediately commence exploration drilling at its Falcon West Lithium Property , which is located approximately 110 km east of Winnipeg, Manitoba and 100 km south of the Company's Donner Lake lithium property. The initial target area hosts high grade lithium and cesium mineralization in historical drill core. Approximately 2,000 meters of drilling are planned in the initial phase of the program. Falcon West is a belt scale lithium and rare metal property. It is located in the West Hawk Lake Greenstone Belt and hosted in mafic volcanics rocks present at the contact between the Wabigoon and Winnipeg River geological...

Amarc Resources Ltd. is pleased to report that results received from the Company's comprehensive surveys across the prospective 722 km2 DUKE district in central British Columbia , have identified multiple porphyry copper-gold mineral systems. Through 2023 Boliden Mineral Canada Ltd. , under the DUKE District Mineral Property Earn-in Agreement, funded $10 million in exploration expenditures and will continue its earn in during 2024 with a further $10 million of budgeted expenditures . Amarc continues as project operator. "Results from our inaugural district wide surveys are confirming expectations that the DUKE District has important potential for new copper-gold discoveries." said Amarc President & CEO Dr. Diane Nicolson. "We are working closely with our partners, combining th...

Jaguar Mining Inc. is pleased to announce the appointment of its Chief Executive Officer Vernon Baker to the Company's Board of Directors , effective immediately. Vernon was appointed Chief Executive Officer of Jaguar on August 6, 2019, following an extensive search conducted by the Company.With today's appointment of Vernon as a Director, the Board now consists of eight members, six of whom are independent. Jeff Kennedy, Chairman, commented that after over four years as Chief Executive Officer, Vernon's additional contributions as a member of the Board will be valuable. Vernon's appointment as a Director of the Company shall be until the next annual general meeting of the Company's shareholders, when his continuation as a director shall be subject to nomination and election b...

Monument Mining is pleased to announce an update at Selinsing Gold Mine where the Company recently achieved commercial production of its newly constructed flotation processing plant. President and CEO Cathy Zhai commented, "We are very pleased with the continued progress and optimization of the Selinsing Sulphide gold flotation plant. The production is expected to be stabilized in the 2024 calendar year and cash flow sustained. Longer term off take contracts are in progress. Export permits continue to be renewed every six months with government support. Gold prices are above the $2,000 per ounce level in the new year which is in our favor." Ms. Zhai emphasizes: "In 2024 we will provide further training to our senior management with a value-added approach to lead to excell...