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CALGARY - Ashley Gold Corp. announces the resignation of George Stephenson from the Board of Directors effective June 12, 2024. Darcy Christian, CEO of Ashley comments "I'd personally like to thank George for his work with Ashley over the last few years. He has been instrumental in building an enviable portfolio of assets for Ashley. I wish him the best in his future endeavors and hope to work with him again in the future." About Ashley Gold Ashley Gold is focused on creating substantive, long-term value for its shareholders through the discovery and development of world class gold deposits. Ashley has acquired, 100% of the Tabor Lake Lease subject to a 1.5% royalty, 100% of the Santa Maria Project subject to a 1.75% royalty, 100% interest in the Howie Lake Project subject to...

GT Resources Inc. is pleased to announce that, further to GT's news release dated May 15, 2024, it has completed a C$1,840,000 non-brokered private placement financing . Starting immediately, proceeds of the Private Placement are to be used for exploration diamond drilling at the Company's Canalask copper-nickel project in the Yukon. The Company plans to drill up to 2,000 meters to test the Electromagnetic Maxwell plate that was defined in the 2023 field season and to conduct additional downhole EM surveys to locate massive copper-nickel sulphide mineralization. Locating the source of the historical footwall resource estimate is the goal. Note, copper values were not reported in the historical resource estimate, but significant copper mineralization occurs on the property. Ma...

K92 Mining Inc. is pleased to announce that it has published its 2023 Sustainability Report. This is K92's fifth annual sustainability report, outlining the Company's environmental, social and governance practices and performance. The report was prepared in accordance with the Sustainability Accounting Standards Board Metals and Mining Standard for the fifth consecutive year and includes continued progression of providing climate disclosures in alignment with the Task Force on Climate-related Financial Disclosures recommendations. The 2023 Sustainability Report is available on the K92 website at the following link: https://k92mining.com/responsible-mining/ Environmental, Social and Governance Highlights: • 1,687 employees and contractors employed in Papua New Guinea. &bu...

Canadian Gold Corp. announces a non-brokered private placement offering of up to $1,500,000, by the issuance of both flow-through common shares and non-flow through common shares. Each flow-through share will be priced at $0.16 per share, and each non-flow through common share will be priced at $0.14. The use of proceeds shall be used primarily for exploration at the Company's Tartan Lake Project in Flin Flon, Manitoba and for working capital. The offering is subject to receipt of approval by the TSX Venture Exchange and of any other regulator having jurisdiction. It is intended that the flow-through shares will qualify as 'flow-through shares' within the meaning of the Income Tax Act and will be offered to all qualified purchasers resident of any Canadian province in relianc...

Regal Funds Management Pty Limited as investment manager or investment advisor for one or more investment funds announced today that they had acquired an aggregate of 2,613,086 Common Shares and 86,914 related financial instruments of Resouro Strategic Metals Inc. . Regal acquired the Securities on June 11, 2024 pursuant to the closing of a private placement of 16,000,000 common shares of the Corporation at a purchase price of AUD$0.50 per common share for gross proceeds of AUD$8,000,000 . Prior to the Acquisition, Regal owned, directly or indirectly, or exercised control or direction over 7,381,471 common shares in RSM, which represented approximately 9.67% of the total issued and outstanding common shares. As a result of the Acquisition, Regal now owns directly or indirectl...

Mako Mining Corp. announces that, in connection with comments received from the British Columbia Securities Commission with respect to a technical compliance review, it has filed an amended technical report dated as of June 10, 2024, with an effective date of October 11, 2023 titled "Amended Technical Report and Estimate of Mineral Resources for the San Albino Project Comprised of the San Albino and Las Conchitas Deposits, Nueva Segovia, Nicaragua" . The key amendments, in addition to certain other amendments as are outlined in the Amended Technical Report, include the addition of Sections 16 through 21 of Form 43-101F1 under National Instrument 43-101 - Standards of Disclosure for Mineral Projects in respect of the San Albino Project's mining and recovery methods, project in...

Vancouver, June 13, 2024 - Red Canyon Resources Ltd. | is pleased to announce that it has completed its previously announced charity flow-through private placement , issuing 2,580,000 Charity Flow Through Units of the Company at an issue price of $0.3696 per Charity FT Unit for gross proceeds of $953,568. Each Charity FT Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant , each FT Share and one-half of one Warrant comprising the Charity FT Unit qualifying as a "flow-through share" within the meaning of subsection 66 of the Income Tax Act . Each Warrant is exercisable into one common share of the Company at a price of $0.30 for a 24 month term. The Warrant Shares issued on exercise of the Warrants will not be "flow-t...

Encore Energy, Inc. has recently turned three horizontal Berea well projects into early production and completed a nearly seven mile gas transmission system that is now also in production. Encore has recently drilled a new oil discovery well in the northern field of Lawrence County while preparing to drill three additional horizontal wells of which two are located at the eastern field of Lawrence County. The Company is currently shipping oil from multiple wells and selling gas via a gathering system in the southern field of Lawrence County. BOWLING GREEN, Ky., June 13, 2024 /PRNewswire-PRWeb/ -- Encore Energy, Inc. is a fully integrated oil and natural gas lease owner, well operator, and developer of multiple horizontal well projects targeting the productive Ber...

Velocity Minerals Ltd. provides a corporate and exploration update and extends its advisory engagement with Leede Jones Gable Inc. who will continue to work with Velocity's management and Board to evaluate a range of strategic alternatives that may be available to the Company to maximize value for all shareholders. Strategy and Potential Asset Sale The Company is considering various strategic alternatives including but not limited to the sale of the Rozino gold deposit . Rozino is a prefeasibility-stage gold deposit, which is currently advancing through the permitting process. The PFS was completed assuming a long-term gold price of US$1,500 per ounce and the Rozino gold deposit is highly sensitive to gold pricing, as illustrated by Figure 1 below, which considers sensitivity...

Ascendant Resources Inc. is pleased to announce the voting resultsof the Company's 2024 Annual General Shareholders' Meeting held on June 13, 2024, in Toronto, Ontario. A total of 51,497,589 common shares were voted at the Meeting, representing 27.59% of the votes attached to all outstanding common shares of the Company. All matterspresented for shareholder approval at the Meeting were duly authorized and approved as follows: Number of Directors to be Elected On a vote by a show of hands, the resolution to set the number of directors to be elected at the meeting at six was approved. The following favourable votes were cast by proxy: Total Votes % of Votes Cast Votes in Favour Votes Against 51,217,885 279,704 99.46% 0.54% Total Votes Cast 51,497,589 100% Election of Directors ...

Ascendant Resources Inc. is pleased to announce the voting resultsof the Company's 2024 Annual General Shareholders' Meeting held on June 13, 2024, in Toronto, Ontario. A total of 51,497,589 common shares were voted at the Meeting, representing 27.59% of the votes attached to all outstanding common shares of the Company. All matterspresented for shareholder approval at the Meeting were duly authorized and approved as follows: Number of Directors to be Elected On a vote by a show of hands, the resolution to set the number of directors to be elected at the meeting at six was approved. The following favourable votes were cast by proxy: Total Votes % of Votes Cast Votes in Favour Votes Against 51,217,885 279,704 99.46% 0.54% Total Votes Cast 51,497,589 100% Election of Directors ...

InZinc Mining Ltd. is pleased to announce the appointment of Mr. Michael Westcott to the Board of Directors of the Company effective June 13, 2024. Mr. Westcott has over 30 years of experience in equity capital markets and mining industries. After 25 years in various roles at Raymond James Ltd., including Head of Institutional Equity Sales and Mining Equity Research Analyst, he retired as Head of Equities in 2021. Prior to joining Raymond James in 1996, Mr. Westcott was an Exploration Geologist at Cominco Ltd. and a Corporate Analyst at the Vancouver Stock Exchange. Mr. Westcott has a Master's Degree, Mineral Exploration , from Queen's University and a Bachelor of Science, Geology, from the University of British Columbia. He has completed securities industry courses including...

Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to share encouraging exploration results from short exploration programs conducted at the Cambridge Property in Lyon County and the Sniper Property in Esmeralda County, Nevada.
At the Cambridge Property, Power reported that reconnaissance underground investigations revealed that exposed stopes in the area of recent excavator trenching were partially backfilled by spoil during excavation. It appears that the upper portions of the mine might be accessible with limited underground rehabilitation. Additionally, mineralization was discovered in a subordinate footwall vein splay, oblique to the main Cambridge Vein. Grab samples from a 15 cm exposure of this vein returned impressive results of 7.61 g/t Au and ...