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Sarama Resources Ltd. is pleased to announce it has received binding commitments to undertake a A$1 million equity placement . Funds raised will be used to assess and pursue a potential acquisition, undertake exploration on the Company's properties and for general working capital purposes. The Placement was well supported by existing shareholders and professional and sophisticated investors. The Placement will comprise the issue of 50,000,000 Chess Depository Instruments at an issue price of A$0.02 per CDI to raise gross proceeds of A$1 million. The issue price represents a ~13% discount to Sarama's 10-day VWAP and a 9.1% discount to the last traded price on the ASX on Friday, 14 June 2024 of A$0.022. Each new CDI issued under the Placement will rank equally with existing CDI...

Klondike Gold Corp. is pleased to report prospecting rock sample results from the Stander Zone targeting of orogenic gold mineralization at the Company's 100% owned Klondike District Property in the Dawson mining district, Yukon, Canada. Peter Tallman, Klondike Gold's President & CEO states, "Persistent scientific and exploration efforts reevaluating the Klondike District are steadily being rewarded. An overlooked and potentially world-class orogenic gold belt is emerging as demonstrated by recent academic research results, by the Company's 2023 multiple discoveries of high grade orogenic gold veins at surface and in drill core, and by this news release confirming continuity of the Stander Zone to surface with >1 opt Au gold grade samples as demonstrated by prospecting. Thi...

Sky Gold is pleased to announce that it has completed basal till geochemical sampling on its Consolidated Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property. This initial phase of exploration was focused on providing detail on high-quality, regional exploration targets known as the Mingold Au anomaly and a strong, extensive Ni-Cu-Co-Cr-PGE anomaly. Additionally, through further compilation of historical data, the Company has identified and prioritized a number of significant legacy gold occurrences on the Property, which are slated for further exploration ...

Bedford Metals Corp. is pleased to announce that it will conduct a non-brokered private placement to raise up to $5 million through the offering of up to 2,222,223 common shares at a price of $2.25 per share. The Financing represents an opportunity for the Company to bolster its exploration and development activities across its portfolio of mineral projects. With a focus on enhancing shareholder value, the Company plans to allocate the funds to accelerate exploration programs, evaluate strategic growth opportunities, and for general corporate purposes. Peter Born, President of Bedford, commented, "We are excited to pursue this Financing to advance our mineral projects further and continue building shareholder value. The support from the market underscores confidence in Bedfor...

Galantas Gold Corp. is pleased to announce the successful completion of its trial stoping program at the Cavanacaw Gold Mine at the Omagh Project in County Tyrone, Northern Ireland. Mario Stifano, CEO of Galantas, commented: "The trial has brought a high level of understanding to the mine development process and helped us conclude that the Cavanacaw Mine can be mined successfully, utilizing a longhole mining method and backfill. The trial stoping has provided sufficient information to bring a high level of confidence for a successful stoping program in the future." Provisional revenues generated from concentrate sales totalled approximately US$1,103,000 in 2023 and approximately US$207,000 in Q1 2024. The net proceeds from concentrate sales are being offset against developmen...

Drill program at Jake follows the Company's recent discovery at Maestro Project Quartz Mountain Resources Ltd. is pleased to announce that core drilling has commenced at its Jake Porphyry Copper-Gold-Silver Project , located 160 km north of Smithers, BC. The Jake drill program aims to discover a new, significant scale porphyry deposit. Porphyry deposits are the world's most important sources of copper, gold and silver and their discovery presents the potential for outsized gains, especially with surging metal prices. The Jake project is one of two key projects being developed by Quartz in British Columbia. The Jake drill program follows initial drilling at the Company's Maestro Project which discovered an exciting high-grade, gold-silver lode hosted within extensive precious ...

Drill program at Jake follows the Company's recent discovery at Maestro Project Quartz Mountain Resources Ltd. is pleased to announce that core drilling has commenced at its Jake Porphyry Copper-Gold-Silver Project , located 160 km north of Smithers, BC. The Jake drill program aims to discover a new, significant scale porphyry deposit. Porphyry deposits are the world's most important sources of copper, gold and silver and their discovery presents the potential for outsized gains, especially with surging metal prices. The Jake project is one of two key projects being developed by Quartz in British Columbia. The Jake drill program follows initial drilling at the Company's Maestro Project which discovered an exciting high-grade, gold-silver lode hosted within extensive precious ...

Western Alaska Minerals is pleased to announce that drilling has commenced on its 100% owned Illinois Creek property in western Alaska. Initial drilling is focused on new target zones to expand and link together mineralization along 6 to 8 km of this silver-rich carbonate replacement system. Highlights: OBJECTIVE: Tie the individual zones of the CRD system together, beginning with "LH" and "Warm Springs priority areas, then linking them to the "Illinois Creek Mine" zone. BUDGETED PROGRAM: 4,000m of diamond core drilling with potential to expand. DRILL TARGETS are located along approximately 5 km of an 8 km long, SW-NE oriented trend connecting the Waterpump Creek, Warm Springs and Illinois Creek Mine systems. Initial targets lie 2.5 km and 5 km respectively, from the high-grade Waterpump C...

Sterling Metals Corp. is pleased to announce that pursuant to the option agreement dated March 6, 2023, with Chesterfield Resource Plc. , it has exercised its option to acquire 100% of the Adeline Copper-Silver Project located in Labrador, Canada. Chesterfield and Sterling have committed to complete the sale of by June 30, 2024, for the following consideration: a cash payment of CAD$200,000 and the issuance of an additional 8,500,000 common shares in the capital of the Company. As a result of this transaction, Chesterfield will hold a total of 12,692,000 shares of Sterling, a 5.46% stake in the Company. All securities issued will be subject to a statutory hold period of four months and one day from the issuance in accordance with applicable securities laws. Mathew Wilson, CEO...

Lahontan Gold Corp. is pleased to announce that it has confirmed an easterly extension of shallow gold and silver mineralization at the Company's West Santa Fe project located in Nevada's prolific Walker Lane only 13 kilometres from Lahontan's Flagship Santa Fe Mine Project. Detailed fieldwork, including geologic mapping, combined with reinterpretation of a previous magnetic geophysical survey, has confirmed a near 1,000 metre extension of gold and silver mineralization from the area of closely spaced historic drilling. The historic drilling, totally 171 drill holes for approximately 13,000 metres, defines shallow, oxidized, gold and silver mineralization in the area of the Mindora underground mine. The recently completed work shows that this zone of mineralization continues ...

Galway Metals Inc. is pleased to report results from its diamond drilling program at the Southwest Deposit in the Company's 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream Gold Project has district-scale potential with approximately 65-kilometre strike length of highly prospective gold showings and anomalies. "We have continued to prove strong gold continuity throughout the Southwest Deposit, inside the resource pit and outside of the current mineral resource" states Rob Hinchcliffe, President and CEO of Galway. He adds "The rig is currently on its fourth hole on the eastern side of the #2 Target area, which is one of our top exploration targets and the second rig will be utilized to expand the high-grade starter pit w...

Silver Tiger Metals Inc. is pleased to provide an update on the first 110 drill holes of the Company's Pre-Feasibility Study drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the expansion of the mineralization along the Footwall of the PEA "Starter Pit". Drill hole ET-24-583 cut from surface 79.50 metres grading 1.13 g/t gold equivalent or 84.8 g/t silver equivalent from 0.0 to 79.50 metres, consisting of 0.97 g/t gold and 12.3 g/t silver AND 26.0 metres grading 0.72 g/t gold equivalent or 53.7 g/t silver equivalent from 101.0 to 127.0 metres, consisting of 0.67 g/t gold and 3.6 g/t silver in the Hanging Wall and Footwall Zones . The hole passed through the El Tigre vein and has expanded the Footwall Zone footprint some 50m to eas...

Established gold producer Austral Gold Ltd. advises that although the high-pressure grinding roll equipment was initially expected to be operational at the Company's Heap Reprocessing Project in May 2024, as reported in Q1 2024, repairs have taken longer than anticipated. Consequently, the installation of the equipment is now projected to occur near the end of June 2024. Due to this delay, production for Q2 2024 has been lower than expected, leading to a revision of production guidance for 2024 from 24,000-28,000 gold equivalent ounces to 18,000-20,000 GEOs. To address the cash shortfall resulting from reduced production, during Q2 2024 the Company sold a portion of its minority equity investments in public mining companies, generating proceeds of US$2.27M. Additionally, the ...