Stratabound Minerals is pleased to provide an update on a longstanding litigation matter that existed when it acquired California Gold Mining in August 2021. The matter involved claims from suppliers of CGM's former hemp business totalling $USD 1,214,000. A Granville County, North Carolina, Court recently granted CGM's motion to dismiss the case. As a result of the dismissal of this litigation matter the Company is no longer exposed to this claim and its balance sheet has improved by approximately $CDN 1M as compared to its balance sheet at December 31, 2022. Interim CEO of Stratabound, Ms. Wendy T. Chan, comments, "As part of the condition in acquiring an asset at a compelling valuation in 2021, our Company had to absorb legacy agreements and liabil...

China Gold International Resources is pleased to announce that the overall operations at its CSH Gold Mine have returned to full production effective January 3, 2024. On November 15, 2023, the Company reported that CSH Mine reduced the mining rate at the end of the third quarter and in the fourth quarter in order to enhance the management and maintenance of open pit slopes. The works on slope maintenance have been completed and the mining activities, including mining, hauling, crushing and heaping, have been returned to their normal operating level. The resumption of full mining activities at CSH Mine has laid a solid foundation for enhancing the Company's financial and production performance in 2024. The development of CSH Mine's und...

PYX Resources Ltd. , the world's third largest publicly listed zircon producer by zircon resources, provides an update on the shipment of ilmenite. On the 17th August 2023, the Company announced that it had obtained the licence to export rutile and ilmenite from the Investment and One-Integrated Services Department . A subsequent change introduced in December 2023 by the Industrial and Trade Department for Export Tax Billing, requires the exporter to use two types of Port, Loading Port and Export Port. The licence, which the government originally issued only stated the loading port in Banjarmasin. A request to modify the licence has been made to the Trade department and we anticipate receiving the revised licence imminently. Accordingly, the Company will have to delay its act...

VanadiumCorp Resource announces that, further to its December 18, 2023 news release, it has filed documents with the TSX Venture Exchange amending its non-brokered private placement financing. On receipt of final approval from the TSXV, the Company will issue an additional 700,000 $0.10 flow-through units for total aggregate proceeds, including the 1,725,000 $0.08 non-flow-through units and 1,448,000 $0.10 flow-through units previously announced, of $352,800 Subject to TSXV approval, cash finders' fees in the amount of $17,440 will be paid, and 48,000 broker warrants, exercisable at $0.12 for 2 years, and 120,000 broker warrants, exercisable at $0.14 for 2 years, will be issued. The Financing included one insider, subscribing for $64,800 ...

Baru Gold announces that further to the news release of Decr 28, 2023, the Company's request for a Management Cease Trade Order, has received approval. The request was made as it was not able to file its audited annual financial statement for the period ended August 31, 2023, and its MD&A by the filing deadline of December 29, 2023, and as a result is in default of its obligations under National Instrument 51-102 Continuous Disclosure Obligations. The Company has been granted approval from the British Columbia Securities Commission for the MCTO under National Policy 12-203 - Management Cease Trade Orders . The Company applied for a MCTO as the Company required additional time to raise the necessary capital to fund its annual au...

Pasofino Gold Ltd. , which owns 100% of the world class Dugbe Gold project in Liberia, notes an announcement made on 21st December 2023 by its majority shareholder, Hummingbird Resources plc . In the announcement HB PLC updated the market on its own proposed Share Placement, which HB PLC advised is expected to close on 10th January 2024. Pasofino notes, in particular, the following statement made by HB PLC: "Approximately $2 million of the proceeds will be dedicated to progressing the Dugbe Gold Project in Liberia, bringing this highly valuable asset closer to production. The funds will be used to optimise the 2022 Definitive Feasibility Study through FY-2024 and further progress the Project. Hummingbird and Pasofino Gold Ltd. have identified several opportuniti...

NuLegacy Gold reports that it is suspending further exploration of its Red Hill Property. This suspension is due to the lack of any meaningful results in the second hole of the 2023 program combined with the failure to fully complete the Sept 2023 common share offering which was seeking C$ 2.5 million. NuLegacy will now explore various options for the Red Hill Property. The second hole, IS23-02 intercepted 365 feet, or 111 metres of Wenban Unit 5 in the main target zone below the CMZ-G fault . While there were numerous faults and a continuous breccia zone 100 feet thick, there was no strong Carlin-type alteration throughout or below the main target, thus no strong geochemical signature to guide further targeting. Based on significant being 10 feet or more of 0.1 g/t Au or higher, there wer...

Candelaria Mining Corp. announces, effective January 1, 2024, Mr. Sam Wong has resigned from the position of Chief Financial Officer. Mr. Wong's replacement will be announced in due course. During this time, Mr. Hector Felix Gonzalez Ramirez, the Company's interim CEO, will temporarily be appointed to be the interim Hector Felix Gonzalez Ramirez CFO +1 604 349 5992 For further information, please contact: Candelaria Mining Corp. Investor Relations +1 604 349 5992 | info@candelariamining.com Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release....

Barksdale Resources Corp. announces that further to its news release dated December 20, 2023 announcing the offering of common share units in the capital of the Company at a price of $0.40 per Unit, the Offering will take place on both a brokered basis through Cormark Securities Inc. and a non-brokered basis, with or without the participation of eligible finders . The closing of the Offering is scheduled to occur on January [9], 2024, or on such date as may be agreed upon by the Issuer and the Agent, provided that in no event shall the closing be later than the 45th day following the date that the latest offering release in respect of the Offering is disseminated. The Non-Brokered Offering may complete in one or more tranches. The Brokered Offering will be subject to the term...

Azimut Exploration Inc. is pleased to announce that it has filed on SEDAR+ an independent Technical Report prepared in accordance with National Instrument 43-101 for the Patwon Gold Zone on its 100% owned Elmer Property in the Eeyou Istchee James Bay region of Quebec, Canada. The Report, titled "Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Quebec, Canada", is dated January 4, 2024, and supports the disclosure in a press release issued by the Company on November 21, 2023, of an initial Mineral Resource Estimate for the Patwon Gold Zone. There is no difference between the Report and the information disclosed in the November 21 press release. The Report can be found under the Company's profile on SEDAR+ and on Azimut's website . A...

703,300 Ounces of High-Grade Gold; Greater than 2,000,000 Ounce Total Resource Amends Terms of Private Placement Closing February Mayo Lake Minerals Inc. is pleased to confirm that Mayo and WestMountain Gold Inc. remain committed to complete their merger as described in Mayo's press release of August 17, 2023. The Letter of Intent as described in the press release outlined the proposed terms and conditions of a transaction pursuant to which Mayo and WestMountain plan to effect a three-cornered amalgamation of a wholly-owned subsidiary of Mayo and WestMountain that would result in Mayo indirectly acquiring all of the outstanding share capital of WestMountain . The amalgamated entity resulting from the Transaction will continue to carry on the combined operations ...

ENDEAVOUR ANNOUNCES CEO TERMINATION London, 4 January 2024 - The Board of Directors of Endeavour Mining Plc today announces the termination of the President and Chief Executive Officer, Sébastien de Montessus, for serious misconduct with immediate effect. This follows an investigation by the Board into an irregular payment instruction issued by him in relation to an asset disposal undertaken by the Company. The amount of this irregular payment instruction is US$5.9 million. The Board recently became aware of this in the course of a review of acquisitions and disposals, which is ongoing. Sébastien de Montessus has been removed from the Company's Board of Directors with immediate effect. Separately, in October 2023 allegations were made against Sébastien de Montessus through th...

Torq Resources Inc. is pleased to announce that it has completed its previously announced concurrent public and private offerings of equity securities . The Company issued 23,206,860 units at a price of C$0.23 per Unit for gross proceeds of C$5,337,577.80 including C$1,305,999.80 in a concurrent private placement to Gold Fields Atacama Holdings Inc. , a wholly owned affiliate of the international major mining company, Gold Fields Limited. This brings Gold Fields ownership of Torq to 15.48%, an increase from its initial position of 15.05%. The Company has issued a total of 23,206,860 common shares, 23,206,860 investor warrants and 1,084,814 agents compensation warrants. The investor warrants have a three-year term to January 4, 2027, the warrants issued to Gold Fields have up ...