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 ...

Jade Leader Corp. is pleased to provide the following corporate, marketing and exploration update. Initial marketing of various jade materials recovered through the Company's pilot scale sampling programs shows increasing sales and increasing International Jade market awareness. The Company's Jade sales have increased to $13,469 in 2023 from US$1,841 and US$12,563 in 2021 and 2022 respectively, based on the Company's annual audited financial statements updated for sales to December 31, 2023. The bulk of these sales, US$25,478, were of our Sky Jade© materials. In 2021, 21.6 tonnes of bulk Jade-bearing rock were test processed from the Sky Zone , from which 16.5 kilos of rough nephrite Jade material have been sold, representing 9% of the 183 kg of potentially marketable Jade re...

Argo Gold Inc.'s. oil production results for November 2023 are: November 2023 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 88 bbl/day 33 bbl/day $60,429 $36,533 Lloyd 230 bbl/day 43 bbl/day $89,208 $78,752 In late November, a second horizontal oil well was drilled and completed at Lindbergh in the Sparky formation. The Lindbergh 1 oil well was shut down for the drilling the Lindbergh 2 oil well resulting in lower production. The Lindbergh 2 oil well is on production since the end of November. About Argo Gold Argo Gold is a Canadian mineral exploration and development company. Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Se...

Funds to be used to progress Met testing and optimizing the feasibility study report AscendantResources Inc. is pleased to announce closing of the second and final tranche of its non brokered private placement . Under the Second Tranche, the Company has issued 15,817,625 common shares of the Company at a price of $0.08 for gross proceeds of $1,265,410. In total, 34,287,000Shares were issued under the Offering for gross proceeds of $2,742,960. The Company intends to use the proceeds from the Offering to complete an optimized feasibility study report focused on improved metallurgy and mine sequencing in Q2/2024, progressing project financing and for working capital and general corporate purposes. Insiders of the Company subscribed for 3,375,000 common shares at the Offering Price for gross p...

Equity Metals Corp. has granted incentive stock options to directors, officers and consultants to purchase 3,650,000 common shares of the Company at an exercise price of $0.12 per share, exercisable for a period of five years. The stock options are subject to the terms and conditions of Equity Metals' stock option plan and the policies of the TSX Venture Exchange. Silver Queen Project Update Equity continued core drilling on its Flagship Silver Queen property during 2023 with the twin goals of extending select known mineralized veins and of identifying new mineralization that may further increase the project's resource base, for which an independent 2022 resource estimate demonstrated a significant increase compared to the Company's 2019 resource. Importantly, the Company con...

Eastfield Resources is pleased to review the assets of the company which consist of four mineral properties located in British Columbia plus cash and marketable securities currently valued at approximately $600,000. The company has no debt and has never been consolidated. Eastfield operates on a model where option agreements with other companies derive both income and exploration leverage. A summary of projects effective the beginning of 2024 follows. Zymo: The 100% owned Zymo copper-gold property is located 45 km west of Smithers, BC encompassing 12,729-hectares. It was acquired via a 2007 option which was fully satisfied in 2012. Topography is generally flat to undulating covered with a variable depth of overburden . Logging...