Kimberly Ann Founder, Chief Executive Officer, President and Director, Lahontan Gold Corp. (the "Company") (TSXV: LG) and her team joined Tanya Rowntree Global Head of Client Success, Toronto Stock Exchange, to celebrate the Company's new listing on TSX Venture Exchange and close the market.
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its U.S. subsidiaries, three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada .
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Lahontan Gold Corp. (TSXV:LG) (formerly, 1246765 B.C. Ltd.) (the "Company" or "Lahontan") is pleased to announce that the Company has expanded its land holdings at its flagship Santa Fe Project by staking 22 unpatented lode mining claims. The claims cover potential southern extensions to the high-grade BH Zone as well as surface geochem and hydrothermal alteration anomalies. The claims also cover small gaps between existing land holdings and adjacent claimants. With the new unpatented lode mining claims, Lahontan's Santa Fe project now encompasses over 19 square kilometers in the heart of Nevada's prolific Walker Lane
Kimberly Ann, President & CEO commented: "The Walker Lane of Nevada is an incredibly competitive mining and exploration jurisdiction, and Lahontan wants to be very proactive when the opportunity to acquire new claims is available. A portion of our new claims cover geologic structures which extend southerly from the Santa Fe open pit and the BH Zone. The structures influence the distribution of hydrothermal alteration in outcrop and represent future exploration targets. Our team is gearing up for the resumption of drilling at Santa Fe and it's important to complete these tasks before drilling commences".
Outline of Lahontan's land holdings, exploration targets, and newly acquired claims (green) at the Company's Santa Fe Project, Mineral County, Nevada.
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries, three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 19 km2 Santa Fe Project, is a past producing gold and silver mine with excellent potential to host significant gold and silver resources (past production of 345,000 ounces of gold and 710,000 ounces of silver between 1988 and 1992; Nevada Bureau of Mines and Geology, 1996). Modeling of over 110,000 metresof historic drilling, geologic mapping, and geochemical samplingoutline both shallow, oxidizedgold and silvermineralization as well as deeperhigh grade potentialresources. The Company plans an aggressive 25,000 metre drilling program with the goal of publishing a National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate in 2022. For more information, please visit our website: www.lahontangoldcorp.com
Allscientific and technicalinformation in this press releasehas been reviewedand approved by Quentin J. Browne, P.Geo., Consulting Geologist to Lahontan Gold Corp., who is a qualified person under the definitions established by National Instrument 43-101.
On behalf of the Board of Directors Kimberly Ann Founder, Chief Executive Officer, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT: Lahontan Gold Corp. Kimberly Ann Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400 Email: Kimberly.ann@lahontangoldcorp.com Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a varietyof risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com
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Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") has been notified of an unsolicited mini-tender offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2,000,000 Agnico Eagle common shares, or approximately 0.44% of Agnico Eagle's outstanding common shares, at a price of C$64.00 per share. Agnico Eagle does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their shares to the offer.
Agnico Eagle cautions shareholders that the mini-tender offer has been made at a price below the current market price for Agnico Eagle's shares. The offer represents a discount of approximately 4.51% and 4.68% to the closing price of Agnico Eagle's shares on the Toronto Stock Exchange and the New York Stock Exchange, respectively, on June 7, 2022 , the last trading day before the mini-tender offer was commenced. The mini-tender offer is also subject to numerous conditions.
According to TRC Capital's offer documents, Agnico Eagle shareholders who have tendered their shares can withdraw their shares at any time before 12:01 a.m. ( Toronto time) on July 8, 2022 by following the procedures described in the offer documents.
TRC Capital has made similar unsolicited mini-tender offers for shares of other public companies. Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, avoiding disclosure and procedural requirements applicable to most bids under Canadian and U.S. securities regulations. Both the Canadian Securities Administrators (the "CSA") and the U.S. Securities and Exchange Commission (the "SEC") have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the actual market price of their securities, or without comparing the offer price to the current market price. The CSA's long-standing guidance on the practice of mini-tenders can be found here . The SEC has published investor tips regarding mini-tender offers on its website, which can be found here .
Shareholders should obtain current market quotations for their shares, consult with their broker or financial advisor and exercise caution with respect to TRC Capital's mini-tender offer.
Agnico Eagle requests that a copy of this news release be included in any distribution of materials relating to TRC Capital's mini-tender offer for Agnico Eagle's shares.
Agnico Eagle is a senior Canadian gold mining company, producing precious metals from operations in Canada , Australia , Finland and Mexico . It has a pipeline of high-quality exploration and development projects in these countries as well as in the United States and Colombia . Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The Company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.
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SOURCE Agnico Eagle Mines Limited
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Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) is pleased to report further encouraging drilling results from the ongoing A1 Mine diamond drilling programme. The drill holes are targeting near term and deeper lode positions, including extensions to the recently discovered “Sovereign” Lode which is currently being mined. The Sovereign Lode is currently providing high-grade gold ore from several mining fronts and its discovery is the result of Kaiser’s aggressive drilling and development into the deeper regions of the mine.
The first drill hole from the A1 Mine drilling programme returned an exceptionally high- grade interval of A1UDH-472: 4.6m @ 135.7 g/t gold from 36m (ASX - 2 May 2022).
This hole was targeting near term mining targets to the south of the Queens lode where very little previous drilling has been conducted. Further results from near this position have returned unexpectedly numerous zones of deeper mineralisation and a best intercept of: A1UDH-476: 1.92m @43.2g/tgold (82.9 g x m’s) – see Table of drill results. These results are very encouraging (Figure 2). This particular interval represents an interpreted extension of the Sovereign Lode. The drilling programme is ongoing.
Figure 1: Miners inspecting the newly discovered "Sovereign” high-grade gold reef at the A1 Mine
Figure 2: Long section looking west showing drilling traces (green), workings and the interpreted main dyke shape (purple)
Click here for the full ASX Release
This article includes content from Kaiser Reef Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Gold Bull Resources Corp. (TSX-V: GBRC) (“Gold Bull” or the “Company”) is pleased to report excellent reverse circulation (RC) drill results from its 100% owned Sandman Project, located in Humboldt County, Nevada USA. Two drill holes were completed at Silica Ridge (Figure 1), and both holes successfully hit high-grade gold intersections. The recent drill results returned 83.8m (275 ft) @ 1.50 g/t gold (Au) from 0m/surface in hole SA-0052 and 47.2m (155 ft) @ 1.54 g/t Au from 1.5m (5 ft) in hole SA-0044. Of note, a high-grade intersection of 3m @ 14.67 g/t Au from only 1.5m below the surface was successfully hit. These results demonstrate the significant extent of gold mineralization from surface at the Sandman gold project and provide confidence for the Company to initiate a Scoping Study that will investigate the economic viability of various near-term production scenarios at Sandman upon completion of the current drill program.
Gold Bull CEO, Cherie Leeden commented:
The consistency of high-grade oxide mineralization over tens of meters at Silica Ridge is very encouraging and is reason to investigate near-term production scenarios at Sandman. The high-grade intervals in these two holes, such as 3m at 14.67 g/t Au in one hole and 6.1m @ 8.01 g/t Au in the other hole - both within the top 10m from the surface indicates sweet spots that will be investigated in a Scoping Study for potential mine start-ups. Both holes hit zones grading 8 g/t gold over 6-meter widths! I feel that Gold Bull is significantly undervalued given the quality of the Sandman gold project which continues to deliver via our ongoing drill program.
Drill hole SA-0052 was planned with a twofold objective of testing interpreted mineralizing fluid conduits at depth near the Tertiary unconformity for high-grade veins and providing improved definition of a high-grade zone within the current Mineral Resource Estimate. The high-grade zone had been intersected by SA-0044, which returned 47.2 m (155 ft) @ 1.54 g/t Au from 1.5 m (5 ft), including 6.1m (20 ft) @ 8.01 g/t Au from 3m (10 ft) and 1.5 m (5 ft) @ 1.15 g/t from 24.4m (80 ft), as well as 1.5 m (5 ft) @ 0.21 g/t Au from 114.3 m (375 ft). Drill hole SA-0052 extended this zone, returning 83.8 m (275 ft) @ 1.50 g/t Au from 0 m (0 ft), including 13.7 m (45 ft) @ 4.52 g/t Au from 0 m (0 ft), which includes 3 m (10 ft) @ 14.67 g/t Au from 1.5 m (5 ft), and 1.5m (5ft) @ 15.53 g/t Au from 1.5m (5 ft), as well as 3 m (10 ft) @ 2.75 g/t Au from 36.6 m (120 ft), 16.8 m (55 ft) @ 3.05 g/t Au from 65.5 m (215 ft), and 6.1 m (20 ft) @ 8.24 g/t Au from 71.6 m (235 ft).
Below these high-grade intersections in hole SA-0052 are numerous narrow, low-grade mineralized intersections within a zone extending over most of the lower part of the drill hole, into the Triassic basement rocks (refer to the cross-section in Figure 2). This broad zone of gold mineralization supports our belief that high-grade feeder structures exist below the current Mineral Resource estimate close to this drill hole. Further drilling is needed to define these structures, particularly below the current Mineral Resource Estimate.
Figure 1. Silica Ridge drill hole collar location plan for SA-0044 and SA-0052 as well as 2021 Resource Outline surface projection, interpreted faults and drill collars. https://www.globenewswire.com/NewsRoom/AttachmentNg/410e8a4a-1e0c-4e69-ae19-e06c890a7a68
Figure 2. Cross-section showing drill hole SA-0044 and SA-0052 gold intercepts. Mineralization in hole SA-0052 extends beneath the existing resource outline to the basement contact at 192m hole depth. https://www.globenewswire.com/NewsRoom/AttachmentNg/ebb9ef7c-099e-4a29-93d6-c0518c579c34
Table 1 Significant intercepts from SA-0044 and SA-0052
Figure 3. Sandman project location map showing location of Silica Ridge deposit and results from recently drilled holes SA-0044 and SA-0052. https://www.globenewswire.com/NewsRoom/AttachmentNg/acaa6c49-2f63-423a-a603-f904bad3c47a
In December 2020, Gold Bull purchased the Sandman Project from Newmont. Gold mineralization was first discovered at Sandman in 1987 by Kennecott and the project has been intermittently explored since then. There are four known pit constrained gold resources located within the Sandman Project, consisting of 21.8Mt at 0.7g/t gold for 494,000 ounces of gold; comprising of an Indicated Resource of 18,550kt at 0.73g/t gold for 433kozs of gold plus an Inferred Resource of 3,246kt at 0.58g/t gold for 61kozs of gold. Several of the resources remain open in multiple directions and the bulk of the historical drilling has been conducted to a depth of less than 100m. Sandman is conveniently located circa 25-30 km northwest of the mining town of Winnemucca, Nevada.
Cherie Leeden, B. Sc Applied Geology (Honors), MAIG, a “Qualified Person” as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Ms. Leeden is the Company’s Chief Executive Officer. Cherie Leeden relied on resource information contained within the Technical Report on the Sandman Gold Project, prepared by Steven Olsen, a Qualified Person under NI 43-101, who is a Qualified Persons as defined by the National Instrument NI 43-101. Mr. Olsen is an independent consultant and has no affiliations with Gold Bull except that of an independent consultant/client relationship. Mr. Olsen is a member of the Australian Institute of Geoscientists (AIG) and is the Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects.
Samples are submitted to American Assay Laboratories’ analytical facility in Sparks, Nevada for preparation and analysis. The AAL facility is ISO-17025 accredited by IAS. The entire sample is dried, weighed and crushed, with 70% passing -10 mesh, then riffle split to 250 g aliquots, which are fine pulverized with 90% passing -150mesh. Analysis for gold is by 30 g fire assay lead collection with Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) finish with a lower limit of 0.003 ppm. Samples were also analyzed using a 36 multi-element geochemical package by 5-acid digestion, followed by Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) for the 36 elements.
About Gold Bull Resources Corp.
Gold Bull’s mission is to grow into a US-focused mid-tier gold development Company via rapidly discovering and acquiring additional ounces. The Company’s exploration hub is based in Nevada, USA, a top-tier mineral district that contains significant historical production, existing mining infrastructure and established mining culture. Gold Bull is led by a Board and Management team with a track record of exploration and acquisition success.
Gold Bull’s core asset is the Sandman Project, located in Nevada which has a 494,000 oz gold resource as per the 2021 43-101 Resource Estimate. Sandman is located 23 km south of the Sleeper Mine and boasts excellent large-scale exploration potential. Drilling at Sandman is currently underway.
Gold Bull is driven by its core values and purpose which include a commitment to safety, communication & transparency, environmental responsibility, community, and integrity.
Cherie Leeden President and CEO, Gold Bull Resources Corp.
For further information regarding Gold Bull Resources Corp., please visit our website at www.goldbull.ca or email adminatgoldbull.ca.
Cautionary Note Regarding Forward-Looking Statements Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Gold Bull believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Click here to connect with Gold Bull Resources Corp. (TSX-V: GBRC) to receive an Investor Presentation
Puma Exploration Inc. (TSXV: PUMA, OTC: PUXPF) (the " Company " or " Puma ") is pleased to announce the anticipated timing and additional details regarding a previously announced distribution of common shares of Canadian Copper Inc. (" Canadian Copper ") (formerly Melius Metals Corp.).
More particularly, in connection with a reduction of its stated capital in an amount of $1.5M, which is based on a deemed price of CAD$0.25 per common share of Canadian Copper and was approved by the shareholders of the Company at a special meeting held on March 9, 2022 (see News Release dated March 10, 2022), the Company will:
Based on the 107,587,244 common shares of Puma that are issued and outstanding as of the date hereof and on an assumption that 7,000,000 common shares of Puma will be held by U.S. Shareholders as of the Record Date, each shareholder of Puma which is not a U.S. Shareholder would be entitled to receive approximately 0.0521 common share of Canadian Copper for each common shares of Puma held as of the Record Date (which is equivalent to one (1) common share of Canadian Copper for each tranche of approximately 19.178 common shares of Puma)
The final exchange ratio related to the Distribution, and the exact amount of the Cash Payment that will be payable to US Shareholders, will both be determined as soon as possible after the Record Date.
The Distribution and Cash Payment are scheduled to occur on or about June 30, 2022.
For more information, please contact Marcel Robillard, President and CEO of Puma.
OPTION AGREEMENT UPDATE All of the condition precedents under the option agreement with Canadian Copper (the " Option Agreement ") (see News Release dated July 6, 2021, November 11, 2021 and February 14, 2022) have now been satisfied. The transactions with Canadian Copper pursuant to the Option Agreement remains subject to the final approval of the TSX Venture Exchange.
Puma has thus determined to proceed with a reduction of it stated capital for an amount of $1.5M and to set a record date of June 17, 2022 for the Distribution and the Cash Payment.
Following the Distribution, Canadian Copper expects to meet the public distribution requirements of the Canadian Stock Exchange (the " CSE ") and be in a position for final approval for listing on the CSE.
REGULATORIES APPROVAL STATUS UPDATE Canadian Copper has obtained a receipt for its final non-offering long form Prospectus dated May 24, 2022 (the " Prospectus ") from the Ontario Securities Commission. The Prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Alberta, and New Brunswick.
Concurrent with its Prospectus, Canadian Copper has also received conditional approval from the CSE to list its common shares on the CSE under the ticker "CCI", subject to the satisfaction of the public distribution requirements and final approval from the CSE. The listing price of CCI is expected to be set at CAD $0.25. A date for trading will be determined upon confirmation of the conditions being met.
ABOUT CANADIAN COPPER INC. Canadian Copper is a Canadian-based mineral exploration company with a copper and base metals portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst Mining Camp (BMC) of New Brunswick, Canada.
For more information, please contact:
Simon Quick, Director and CEO, (905) 220-6661 simon@canadiancopper.com ir@canadiancopper.com
ABOUT Puma Exploration Puma Exploration is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders with low share-dilution.
Connect with us on Facebook / Twitter / LinkedIn
Visit www.explorationpuma.com for more information or contact:
Marcel Robillard , President, (418) 750-8510; president@explorationpuma.com
Mia Boiridy , Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
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B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold") is pleased to announce the support of Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), who have both recommended that shareholders vote FOR the Say on Pay resolution as well as vote FOR all other proposed items to be considered at the upcoming Annual General & Special Meeting of Shareholders of B2Gold.
ISS and Glass Lewis are leading third party proxy advisory firms who, among other services, provide independent analysis and proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.
The Annual General & Special Meeting of Shareholders of B2Gold is scheduled for 2pm PDT /5pm EDT on Wednesday, June 22, 2022 , at the Fairmont Hotel Vancouver, Pacific Ballroom, 900 West Georgia Street, Vancouver, BC , Canada , V6C 2W6, and in a virtual format conducted via live audio webcast online at https://web.lumiagm.com/484692983 .
B2Gold shareholders are encouraged to vote their shares as soon as possible, and in any case well in advance of the proxy voting deadline on Monday, June 20, 2022 , at 2pm PDT / 5pm EDT
B2Gold's Board of Directors recommends that shareholders vote FOR all proposed resolutions
B2Gold encourages shareholders to read the meeting material in detail. Copies of the meeting material, including the management information circular, are available under B2Gold's profile on SEDAR at www.sedar.com and on B2Gold's website at www.b2gold.com/investors/agm/ .
Shareholders are encouraged to vote well in advance of the proxy voting deadline using one of the three methods below.
Common Shares held in own name and represented by a physical certificate or DRS.
Common Shares held with a broker, bank or other intermediary.
Call the applicable number listed on the voting instruction form.
Return the form of proxy in the enclosed envelope.
Return the voting instruction form in the enclosed envelope.
B2Gold shareholders who have questions about the proposed items to be considered at the Annual General & Special Meeting or require assistance with the hybrid format or voting their shares should contact B2Gold's proxy solicitation agent, Laurel Hill Advisory Group.
North America Toll Free : +1 877-452-7184 Collect Calls Outside North America: +1 416-304-0211 Email: assistance@laurelhill.com
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada . Founded in 2007, today, B2Gold has operating gold mines in Mali , Namibia and the Philippines and numerous exploration and development projects in various countries including Mali , Colombia , Finland and Uzbekistan . B2Gold forecasts total consolidated gold production of between 990,000 and 1,050,000 ounces in 2022.
On Behalf of B2GOLD CORP. " Clive T. Johnson " President & Chief Executive Officer
For more information on B2Gold or the 2021 AGM please visit the Company website at www.b2gold.com or contact:
SVP, Legal & Corporate Communications
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.
Production guidance presented in this news release reflect total production at the mines B2Gold operates on a 100% project basis. Please see our Annual Information Form dated March 30, 2022 for a discussion of our ownership interest in the mines B2Gold operates.
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, and including, without limitation: total consolidated gold production of between 990,000 and 1,050,000 ounces in 2022. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold's control, including risks associated with or related to: the duration and extent of the COVID-19 pandemic, the effectiveness of preventative measures and contingency plans put in place by the Company to respond to the COVID-19 pandemic, including, but not limited to, social distancing, a non-essential travel ban, business continuity plans, and efforts to mitigate supply chain disruptions; escalation of travel restrictions on people or products and reductions in the ability of the Company to transport and refine doré; the volatility of metal prices and B2Gold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in B2Gold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including potential restrictions imposed on B2Gold's operations as a result thereof and the ability to generate sufficient cash flows; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Mali , Namibia , the Philippine and Colombia and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally, including in response to the COVID-19 outbreak; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; the lack of sole decision-making authority related to Filminera Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with other mining companies; community support for B2Gold's operations, including risks related to strikes and the halting of such operations from time to time; conflicts with small scale miners; failures of information systems or information security threats; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws, and sanctions or other similar measures; social media and B2Gold's reputation; risks affecting Calibre having an impact on the value of the Company's investment in Calibre, and potential dilution of our equity interest in Calibre; as well as other factors identified and as described in more detail under the heading "Risk Factors" in B2Gold's most recent Annual Information Form, B2Gold's current Form 40-F Annual Report and B2Gold's other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the "SEC"), which may be viewed at www.sedar.com and www.sec.gov , respectively (the "Websites"). The list is not exhaustive of the factors that may affect B2Gold's forward-looking statements
B2Gold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold's ability to carry on current and future operations, including: the duration and effects of COVID-19 on our operations and workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
B2Gold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
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Recent exploration activity at Titan Minerals Limited (Titan, or the Company (ASX: TTM) Linderos Project in Southern Ecuador has continued to show excellent copper and coincident molybdenum results from channel sampling at the Copper Ridge porphyry copper target. The recently completed soil geochemistry results have highlighted a classic zoned doughnut shaped anomaly approximately 750m in diameter with a central core of copper, molybdenum, and tungsten ringed by an outer halo of selenium, tellurium and bismuth.
Detailed stratigraphic, alteration and vein abundance mapping completed by Titan’s technical team, coupled with geophysical and geochemical datasets have defined compelling targets for a first phase of drilling at Copper Ridge.
Significant results returned from Copper Ridge Prospect include:
At the nearby, Meseta Gold Prospect exceptional gold results have also been returned from channel and rock chip sampling in what is shaping as a significant high-sulphidation epithermal gold system.
Significant results returned from Meseta Gold Prospect include:
Preliminary reconnaissance exploration work was also completed at the Capa Rosa and Loma Alta Prospects where highly encouraging gold and silver results were returned from rock chips taken from outcropping epithermal veins.
Significant results returned from Capa Rosa and Loma Alta include:
The Company is very encouraged by the potential revealed from detailed surface mapping and geochemical sampling completed by its technical team at the Linderos Project. These significant new results paired with robust geological datasets have highlighted several compelling gold and copper-molybdenum targets that warrant further work.
From Titan’s re-logging of historical core, recent petrology, geological mapping and geochemical studies, it is apparent that the higher-grade gold values at Meseta are associated with massive-sulphide polymetallic veins. Extensive haloes of lower grade gold mineralisation intersected in most drilling and channel sampling conducted to date is consistently related with free gold occurring in the intensely altered wallrock hosting extensive quartz veins of varying intensity.
This interpreted overlap of metal deposition at the interface of the overlapping Meseta gold and Copper Ridge porphyry targets has a potential economic impact on development of a larger mineralised system. The associated mineralisation types define potential for discovery of higher-grade copper-molybdenum mineralisation at depth beneath both the Copper Ridge and Meseta Gold areas suggesting significant size potential in un-tested extensions to the Copper Ridge porphyry system.
Titan is well advanced in progressing the Linderos Project to the next stage, with preparations for initial drilling to test the potential of these high priority targets underway.
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