Friday, December 6, 2019

Noble Signs Implementation Agreement for Consolidation and Spin-out of Crawford Nickel Project to Canada...

Toronto, ON – TheNewswire - November 28, 2019 – Noble Mineral Exploration Inc. (TSXV:NOB) (OTC:NLPXF) (“Noble” or the “Company”) today announced that further to the letter of intent signed by the Company as announced on October 1, 2019, the Company has entered into the definitive agreement for that transaction on the same basis. “This transaction will unlock significant value for Noble as we participate in advancement of the Crawford Nickel-Sulphide project in a dedicated nickel company led by Mark Selby, a recognized leader in the global nickel industry given his experience and network successfully advancing the Dumont nickel Project" Mr. Vance White, President & CEO of Noble Transaction Summary The planned consolidation of the Crawford Nickel-Sulphide Project (“the Project”) will be put into effect under the terms of an implementation agreement dated as of November 14, 2019 (the “Implementation Agreement”) that has been entered by Canada Nickel Company Inc. (“Canada Nickel”), Noble, Mark Selby (a principal of Canada Nickel), Spruce Ridge and certain private investors (the “Investors”) based on the previous agreed terms in the binding letter of intent announced October 1, 2019. The net result for Noble of the proposed transactions under the Implementation Agreement (the “Transactions”) is: - Noble will receive $2 million cash and 12 million shares of Canada Nickel (approximately 24% of the pro forma outstanding shares of Canada Nickel) for the transfer of the Project from Noble to Canada Nickel, and at a special shareholder meeting...

WINDFALL GEOTEK WITH ITS CARDS AI PREDICTION SYSTEM REDUCES ITS ASHUANIPI PROPERTY BY MORE...

Brossard, Quebec - The Newswire - November 26, 2019 – Windfall Geotek (TSXV:AIIM), a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it has reduced the size of its Ashuanipi Property by more than 60 % (from 292 to 115 claims) using CARDS Artificial Intelligence (AI) prediction system. The Ashuanipi property initially included two blocks, the North Block and the South Block, which were made up of 298 mining titles and totaling 14,603 hectares within NTS Map Sheets 23O/05, 23O/04 and 23J/14. The property is located from 30 to 90 kilometers west and north-west of Schefferville, Quebec, and lies within the Ashuanipi Complex in the northeastern portion of the Superior Province. More than 49 gold showings were historically identified regionally, both in drill hole intersections (values up to 2.23 g/t Au over 19.5 meters in a hole located 12 km west of the project) and on outcrop (grades reaching 171.5 g/t, 8.6 g/t, 4.94 g/t, 1.74 g/t, and 1.4 g/t Au). All are associated with iron formations hosted in metasediments (Sigeom, MRN). In 2013, following the CARDS AI modeling of an area some 330 900 km2 in the northern portion of the Superior Province, an exploration effort carried out by a team of geologists working on CARDS targets over the Ashuanipi Property returned 12 samples...

Newrange Gold Samples More High-Grade Gold and Silver at Good Hope

Vancouver, British Columbia – TheNewswire - November 19, 2019 (TSXV:NRG) (OTC:NRGOF) (Frankfurt:X6C) – Newrange Gold Corp. ("Newrange" or the “Company") is pleased to announce that underground channel sampling in the upper levels of the Good Hope Mine has identified a zone of high-grade mineralization averaging 12.88 grams gold per metric tonne (g/t Au) and 27.06 grams silver per metric tonne (g/t Ag).   The high-grade mineralization, as exposed underground, has an average width of 0.4 meters and is contained within a broad “halo” of mineralization that ranges from 5.0 to 9.4 meters wide and averages 3.81 g/t Au and 5.56 g/t Ag over an open-ended zone more than 39 meters long.  Defined by 115 channel samples, this mineralization occurs in the interconnecting 5710 and 5718 levels of the Good Hope Mine, the highest elevation workings sampled to date on the Pamlico Project (all levels reflect feet above mean sea level).  Like many others in the mine, these levels are interconnected by stopes and raises along a generally east – west striking, gently southerly dipping mineralized zone. “With only a small number of assays pending, we are very pleased with the outcome of the underground work at the Good Hope Mine. With the underground workings surveyed and mineralized zones mapped and sampled, this area is effectively now drill-ready.  Our crew has moved to the adjacent Gold Bar Mine where we have found visible gold in the historic dumps outside the portals and will prepare this area in a similar fashion.” Robert Archer, Newrange...

MacDonald Mines Expands 2,000-Metres Drill Program at the SPJ Project by 7,500 Metres

Toronto, Ontario – November 19, 2019 - MacDonald Mines Exploration Ltd. (TSX-V:BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces that it has expanded its current 2,000-metres drilling program (see Aug. 1, 2019 news release) with plans to drill an additional 7,500 metres at its SPJ Project, 20 kilometres east of Sudbury, Ontario. The Company has now completed 15 holes and reported assays from 5 holes of the August program (see Nov. 6, 2019 news release) with remaining assays pending. The larger extended drill program will continue to focus on expanding the footprint of the Scadding Deposit. “Based on the positive results to date, MacDonald’s objective is to continue to expand the footprint and the extent of the high- grade gold mineralization around the Scadding Mine deposit and further explore regional targets, well beyond the mine area, where current and historic prospecting exhibit significant gold, copper, cobalt, and nickel showings that may be indicative of a much larger gold-rich Iron-Oxide-Copper-Gold system at work in the region." "Our on-going exploration work indicates that the high-grade gold zones of the Scadding Deposit are hosted in N-oriented structures. Combined with historical data, our exploration program to date has traced gold mineralization over a lateral E-W width of 500 metres and N-S strike length 650 metres. Our upcoming drilling program will explore other prospective areas of the Scadding Deposit such as the EW and South pits and the historic Currie Rose Zone where additional zones of high-grade gold mineralization is predicted to exist.” Quentin...

Junior Mining Sector Responds to Predatory Short Selling; Launches “Save Canadian Mining”

Toronto, Ontario--(Newsfile Corp. - November 18, 2019) - Today Terry Lynch, CEO of Chilean Metals Inc. launched Save Canadian Mining - an advocacy group created to give voice to the specific interests of Canada's junior mining sector. Save Canadian Mining will work to raise awareness for this important segment of the country's economy and advocate for positive change on their behalf with government and regulatory agencies. Specifically, the campaign will be lobbying for revisions to existing marketplace rules and regulations that have created severe challenges for junior public companies in the sector. "The current rules in our equity markets have created an environment for predatory short selling practices to thrive, particularly on our vulnerable junior markets. For smaller cap mining companies, short selling activity spooks true investors into selling prematurely, effectively stunting the growth of these businesses at critical early stages. Save Canadian Mining is dedicated to helping ensure Canada's capital markets remain viable for junior miners now and into the future." Terry Lynch, Founder of Save Canadian Mining In 2012, the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) removed a 142-year securities trading rule known as the "tick test." The tick test restricted short selling to positive price changes at the time of the sale (i.e., an investor could only short a stock if it was on an upward trajectory). This change was applied not only to the main listing venue...

Recent Additions

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Robert Carrington of Newrange Gold

We had the chance to sit down with Robert Carrington of Newrange Gold and discuss the Pamlico Gold project in Mineral...

Noble Signs Implementation Agreement for Consolidation and Spin-out of Crawford Nickel Project to Canada...

Toronto, ON – TheNewswire - November 28, 2019 – Noble Mineral Exploration Inc. (TSXV:NOB) (OTC:NLPXF) (“Noble” or...
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Interview with Dinesh Kandanchatha, Chairman of Windfall Geotek

https://youtu.be/gIy7ggd3R9Y Dinesh Kandanchatha, Chairman of Windfall Geotek sits down with us to talk about the rebranding of...

Diamond Exploration Breathes new Life Into the Silver Capital of Canada

Growing up in Cobalt, Ontario, I heard the stories about the 800-carat Nipissing Diamond found in the 1900’s but being that it...