Peruvian Metals Corp. is pleased to announce the purchase of Rio Silver's 50% interest in the Palta Dorada Gold-Silver-Copper property located in Northern Peru, resulting in 100% ownership. The Company previously earned 50% ownership in the Property in 2020 by investing USD $250,000 and continued to fund project costs into 2021 and after. The acquisition of the remaining interest in Palta Dorada provides the Company with a strategic advantage due to the unique high-grade gold-silver mineralization that occurs in both oxides and sulphides. Peruvian Metals' 80% owned Aquila Norte flotation plant is located 120 km northwest of the Property and can process the sulphides creating a highly marketable Cu-Au-Ag concentrate. The oxide material will be treated differently, and the Comp...

Equity Metals Corp. reports assays from the final six holes on the Cole Lake target and a single hole from the Camp Target, which were completed as part of the Company's Autumn 2023 core drilling program on its 100% owned Silver Queen Au-Ag project, British Columbia. Assay results from the Cole Lake drilling returned multiple intercepts of strongly enriched precious and base metals, including: A 0.3 metre interval grading 0.9/t Au, 102g/t Ag, 0.2% Cu, 0.7% Pb and 17.5% Zn within a 2.5 metre interval averaging 0.3g/t Au, 50g/t Ag, 0.1% Cu, 0.5% Pb and 3.2% Zn from the Cole Vein in drillhole SQ23-099; A 0.6 metre interval grading 0.9g/t Au, 51g/t Ag, 0.3% Cu, 0.5% Pb and 8.5% Zn from the Cole Vein in drillhole SQ23-100; and A 1.0 metre interval averaging 1.1g/t Au, 177g/t Ag, 1...

Panoro Minerals is pleased to announce that it has received the mineral resource estimate for its 100% owned Cotabambas porphyry copper-gold-silver Project located in southern Peru from AGP Mining Consultants, based in Toronto, Canada. The updated mineral resources at a 0.15%CuEq cut-off grade include: An Indicated mineral resource of 507.3 million tonnes at 0.34%Cu, 0.20 g/t Au, 2.42 g/t Ag and 0.0021%Mo, and 0.43%CuEq grade. An Inferred mineral resource of 496.0 million tonnes at 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag and 0.0027%Mo, and 0.36%CuEq grade. A higher grade component within the optimized pit constraint, demonstrating the potential for a high grade starter pit for the project start up. Highlights A Higher Grade Component...

Phenom Resources is pleased to report that the Company has submitted a Concept Paper to initially qualify for a larger U.S. Federal grant application on its Carlin Vanadium Project. The new submission to the Department of Energy and its Office of Manufacturing and Energy Supply Chains applies for new Commercial-scale Separation, Processing, and Recovery of Battery Critical Minerals projects for which the Carlin Vanadium Project Processing Plant construction may qualify for. The Company plans to make a Full Application Submission by the deadline of March 19, 2024, for a $300 million grant. This larger funding opportunity is part of the second round of funding by the DOE of approximately $3.5 billion to be made available for battery materials processing and battery manufa...

Golden Cariboo Resources is pleased to announce the appointment of Mr. J. Frank Callaghan to the Company's Board of Directors and as the Company's President and Chief Executive Officer, effective immediately. With a wealth of experience in the mining industry, Mr. Callaghan brings a strong leadership background and a proven mine making track record to the Company. Mr. Callaghan's progressive career in the BC and Yukon mining industry spans over 30 years in the Gold Bridge/Bralorne, Goldstream/Revelstoke, Wells/Barkerville and Atlin gold camps, including 20 years in the Smithers Cu-Ag-Au and Keno Hill Ag-Pb-Zn camps, culminating in bringing two gold mines into production. Mr. Callaghan is originally responsible for the strategic plan ...

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...