Royal Road Minerals Ltd. and MSB Holdings Limited are pleased to announce that they have been awarded Preferred Bidder status in a competitive Licensing Round for the Jabal Sahabiyah Exploration License which is located in Asir Province of the Kingdom of Saudi Arabia. The Licensing Round was announced by the Ministry of Industry and Mineral Resources in early 2023 with a site-visit to be concluded and proposals to be submitted by August of that year. Submissions were appraised on merit and required the Preferred Bidder to demonstrate skill-relevant and suitably qualified management and technical personnel, access to sufficient resources and to prove high-level performance and a commitment to the principles of sustainability. Specific assessment criteria included such aspects ...

MAX Power Mining Corp. is rapidly expanding the scale of its Willcox lithium discovery in Arizona with a fourth diamond drill hole now in progress 3 miles south of a widely-spaced triangle-shaped series of first-ever drill holes that have each encountered thick lithium claystone sequences and multiple fluid sequences. Highlights: Diamond drill hole WP-23-03, a 1,640-foot step-out to the south of WP-23-02 in the northern part of the property, intersected a predominant lithium claystone sequence from the top of the hole to the base of the hole at 1,007 feet where it ended in a fluid sequence; Similar to WP-23-01 and WP-23-02, multiple distinct fluid sequences were encountered in WP-23-03 at depths of 72, 328, 368, 638, 934 and 1007 feet. Notably, these non-potable liquid target...

Rio Silver Inc. is pleased to announce that the Company has sold its 50% interest in the Palta Dorada Property to Peruvian Metals Corp. . The consideration for the sale is $250,000 US with the Company retaining a 3% Net Smelter Royalty . Total payments from the NSR will be capped at $2 million US while the Company is guaranteed $ 250,000 in minimum royalty payments over the next five years. An initial payment of $25,000 US has been received and four monthly payments due of $25,000 USD with a final $125,000 US payment being received in June, 2024. The royalty payments will be paid semi-annually having a guaranteed minimum semi annual payment amount of $25,000 US over the next five year period starting December 2024. Cash flow from Palta Dorada, potentially genera...

Key Highlights Golden Shield is set to commence a fully funded diamond drill program at the Marudi Mountain Property in mid-January 2024. This diamond drill program will focus on testing the depth of high-grade gold mineralization at Mazoa Hill to guide resource estimation and testing new high-potential exploration drill targets. The diamond drill program will build on significant intercepts from previous drilling activities at Mazoa Hill, including 50m grading 9.10 g/t Au and 9.75m grading 11.9 g/t Au. The diamond drill is already on site and a consultant is being retained to assist in the preparation of a current resource estimate. Company continues to make progress on the Marudi RC drill campaign, with 101 holes completed in 2023, totalling 5,588 metres. The aim of the drilling campaign...

Omineca Mining and Metals Ltd. is pleased to report the restart of underground mining operations at Wingdam. All the necessary equipment, consumables, ground support materials and staffing are onsite with mining activities underway as the Company's mining partner advances through bedrock towards channel crosscut #3. Omineca further reports that it's former option partner, Hamilton Gold Royalties has completed its internal reorganization, resulting in its largest investor, D&L Mining , assuming HGR's position in the Option/Joint Venture arrangement for the development of Omineca's underground placer project subject to the same terms and conditions as with HGR. While the reorganization was being completed, D&L assumed control and has been maintaining the underground wor...

Vast Resources Plc / Ticker: VAST / Index: AIM / Sector: Mining 15 January 2024 Vast Resources Plc Update on Debt Funding Vast Resources Plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL as announced on 16 May 2022 and the debt owed to Mercuria Energy Trading SA relating to Tranche A of the Prepayment Agreement announced on 21 March 2018 . As announced on the 6 November 2023, the totality of the debt owed to Mercuria and Alpha was due to be repaid on or before 30 November 2023. On 4 December 2023 the Company announced it was in discussions with the Creditors for a repayment extension beyond 30 November 2023. The Company has now concluded legal documentati...

District Metals is pleased to announce that it has closed the acquisition of the remaining four mineral licences covering the Viken energy metals Deposit located in Jämtland County, central Sweden, that the Company did not already control. The Company now controls 100% of the mineral licences comprising the Viken Deposit. The Viken Deposit is the largest undeveloped Alum Shale uranium-vanadium-potash-molybdenum-nickel-copper-zinc deposit in Sweden, and amongst the largest deposits based on total historic mineral resources of uranium and vanadium in the world. Highlights: The four mineral licences acquired are in good standing until late-2025, and comprise Norra Leden, Norr Viken, Lill Viken, and Storviken, which has increased the area of the Company's Viken Property fr...

Meryllion Resources Corp. is pleased to announce that it intends to exercise its previously announced option in respect of the rare earth exploration leases held by Tasmania Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. in Tasmania . The option agreement originally required an initial cash payment of AUD$125,000 to TSGM/Westbury. Pursuant to varied terms, the Company will now make an initial payment to TSGM and Westbury in the aggregate amount of AUD$200,000 by way of issuance of a total of 4,186,046 common shares at a deemed issue price of $0.043 per share . Meryllion CEO, Richard Revelins, commented, "Meryllion is very fortunate to have extremely supportive, cooperative, and hands-on partners in TSGM and Westbury. The election by our partners to take their...

Manning Ventures is pleased to provide a corporate update regarding its Iron Ore and Lithium exploration portfolios. The Company is continuing to move its project portfolio forward with several exploration and drill programs planned for the calendar year ahead. While Lithium prices have cooled over the past six months, supply deficits remain entrenched within the long-term outlook. Manning remains committed to the development of its Lithium projects and is planning follow-up programs at its Quebec and Ontario based projects. Manning also retains three Iron Ore projects in the province of Quebec. While the underlying commodity price has been volatile over the past two years, it has recently moved to the upside once again having risen 54.5% ...

Heritage Mining is pleased to announce that it has closed the non-brokered private placement financing previously announced on Dec 29, 2023. The Company raised an aggregate of $439,000 in gross proceeds on the issuance of 8,780,000 units. Each Unit was issued at a price per Unit of $0.05 and is comprised of one common share in the capital of the Company and one Common Share purchase warrant entitling the holder to acquire one Common Share for a period of 24 months from issuance at an exercise price of $0.075 . Pursuant to s. 4.2 of the option agreement dated January 6, 2021 between the Company and Paul Riives , issued an aggregate of 500,000 Common Shares in the capital of the Company at a deemed price of $0.05 per Common Share to Paul Riives as...

CopAur Minerals Inc. is pleased to announce plans to initiate an integrated exploratory data analysis and advanced machine learning study at the Company's flagship Kinsley Mountain Gold Project in Elko County, Nevada. Based on exceptionally high grade sulphide and near surface oxide drill intercepts, including 20.3 metres averaging 12.6 grams-per-tonne gold 1, and 26 metres averaging 2.22 g/t Au2 returned from its successful 10 hole, 2,287 metre 2023 Kinsley Mountain exploration campaign , the Company plans to leverage its expansive exploration dataset comprising over 160,000 metres of drilling , in addition to a detailed 3D stratigraphic model, property wide soil and rock geochemistry, airborne and ground geophysical surveys to prepare an integrated exploratory data analysis...

Karora Resources Inc. is pleased to announce record annual consolidated 2023 gold production of 160,492 ounces from its Beta Hunt and Higginsville mines in Western Australia. Gold sales were also a record, totaling 157,034 ounces during 2023. For the fourth quarter of 2023, gold production was a strong 40,295 ounces and sales were 37,439 ounces. Paul Andre Huet, Chairman & CEO, commented: "I am extremely pleased to announce Karora's seventh consecutive year of production growth. We produced a record 160,492 ounces of gold for 2023, exceeding 2022 production by over 26,000 ounces and beating the high end of our full year 2023 guidance range of 145,000 - 160,000 ounces. Gold production in the fourth quarter was a very strong 40,295 ounces, the second highest quarterly result on...

Brixton Metals Corp. is pleased to announce the 2023 results from the Atlin Goldfields diamond drill program. The project is located near Atlin, BC and within the Taku River Tlingit First Nation's traditional territory. Highlights Hole YJ-23-003 yielded 159.80m of 0.33 g/t Au from 55.00m depth Including 35.00m of 0.77 g/t Au Including 19.00m of 1.34 g/t Au Including 0.45m of 38.1 g/t Au Visible gold occurrence noted at 139.35 meters Vice President of Exploration, Christina Anstey, stated, "We are excited to see visible high-grade gold hosted within a broad lower grade halo at the Yellowjacket Target within the one hole drilled in 2023. The road accessible Atlin Goldfields Project offers great potential for intrusion related gold and orogenic gold deposits." The 2023 explorati...