Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") announces that the Company has cancelled an aggregate of 1,475,000 stock options (the "Cancelled Options") previously held by certain directors, officers, consultants and employees of the Company.
The terms of Cancelled Options were as follows:
Under the Company's rolling 10% incentive stock option plan (the "Plan"), the Company may grant up to an aggregate of 5,296,492 stock options. Upon completion of the cancellation, the Company will have 2,612,499 stock options outstanding under the Plan.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989). The Company is also reviewing other mining assets in jurisdictions that provide year round access.
On Behalf of Whitehorse Gold Corp. signed"Gordon Neal" Gordon Neal, CEO & Director
For further information please contact: Investor Relations, Whitehorse Gold Corp. Phone: 604-336-5919 Email: info@whitehorsegold.ca www.whitehorsegold.ca
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 news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118702
News Provided by Newsfile via QuoteMedia
Whitehorse Gold (TSXV:WHG) is one of Canada’s newest exploration and development companies, and it is focused on its Skukum gold project in the Southern Yukon that includes the past producing Mt. Skukum mine, which produced approximately 80,000 oz of gold from 1986-88 from 233,000 tons of ore mined. The company is also focused on its advanced-stage Skukum Creek and Goddell deposits. The company was recently spun out of New Pacific Metals (TSXV:NUAG,OTCQX:NUPMF) and is now a newly listed public company that has completed a C$6.8 million financing.
The Skukum gold project includes the following high-grade gold deposits: Skukum Creek, Goddell and Mt. Skukum, along with additional high-priority exploration targets. Skukum Gold consists of 1,051 mineral claims—covering 170 square kilometers—roughly 55 kilometers south of Whitehorse, Yukon, in the Wheaton River Valley region. All three projects benefit from significant infrastructure and excellent access, including an extensive network of all-weather roads, a 50 person camp, 4.8 kilometers of underground workings, a mill that previously operated at 300 tonnes per day, service buildings and a tailings management facility.
Whitehorse Gold has completed a new National Instrument 43-101 independent resource estimate for its Skukum Creek, Mt. Skukum and Goddell deposits with total indicated resources of 1,331,000 tonnes containing 274,544 oz gold and 5,355,478 oz silver plus additional inferred resources of 1,111,000 tonnes containing 223,873 oz gold and 1,906,433 oz silver.
Mineral Resources are not mineral reserves and do not have demonstrated economic viability. An Inferred Mineral Resource is that part of a mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. A base case cut-off grade of 3.0 g/t Au represents an in-situ metal value of US$126 per tonne at a gold price of $1450/oz, silver price of $16.50/oz and a metal recovery of 90% for gold and silver, which is believed to provide a reasonable margin over operating and sustaining costs for narrow vein mining and processing.
Mineral resources are diluted to a minimum width of 1.5 metre.
Technical report filed on SEDAR on November 18, 2020. Ronald G. Simpson, P.Geo. from GeoSim Services, Inc. is the QP for this estimate.
Whitehorse Gold received a Class 1 exploration permit in July 2020, which allowed the company to undertake their initial exploration program on the Skukum gold project, which is now wrapped up for the year. The program included mapping, sampling and diamond drill campaigns. Outside of its three main gold deposits (Skukum Creek, Goddell and Mt. Skukum), the company has identified additional opportunities for new discoveries in its nearby Charleston, Raca, Chieftain Hill and Antimony Creek targets.
The Skukum Creek property includes an advanced gold deposit with underground development. A network of quartz sulphide veins hosts high-grade gold mineralization. Two primary veins have been identified: the Kuhn Vein and the Rainbow Vein. A National Instrument 43-101 estimate has delineated 1 million tonnes at 5.8 g/t gold and 166 g/t silver (for 7.8 g/t AuEq) in the Indicated category and 537,000 tonnes at 5.0 g/t gold and 108 g/t silver (for 6.2 g/t AuEq) in the Inferred category.
Past metallurgical flotation testing yielded over 95 percent gold and silver recovery.
The Mt. Skukum mine operated from 1986 to 1988, producing approximately 79,750 oz gold from 233,400 tons of ore mined and processed. The Mt. Skukum deposit hosts a National Instrument 43-101 estimate found 90,100 tonnes at 9.3 g/t gold and 12.9 g/t silver (for 9.4 g/t AuEq) in the Inferred category.
Whitehorse Gold intends to target veins adjacent to sites of historical production, including a highly prospective network of auferous quartz-calcite-adularia veins. The last exploration program undertaken on the project (in 2011) included 2,482 meters of surface drilling over 16 holes.
The Goddell property includes a 5 kilometer structure in which gold is hosted in fine disseminated sulphides. Over 1,900 meters of surface drilling was undertaken on the project in 2011. The current National Instrument 43-101 resource estimate for the deposit stands at 329,700 tonnes at 8.1 g/t gold in the Indicated category and 483,900 tonnes at 7.1 gold g/t in the Inferred category.
Mr. Neal has extensive experience in the metals and mining sector, capital markets, and government communications. He was most recently the president of New Pacific Metals Corp., and was the former vice-president corporate development at Silvercorp Metals Inc. Prior to that, he held the vice-president corporate development position at Mag Silver Corp. Mr. Neal's career also saw him working in the office of the Prime Minister of Canada as a senior communications adviser.
Steve Stakiw is a geologist with over 30 years of resource sector investor relations, mineral exploration, research and finance/equity market experience. He has held senior executive roles with a mid-tier, TSX-listed base metals production company, a junior stage gold exploration company as well as at a leading mining research and investment publication.
Jean Zhang possesses accounting management experience at a major silver producer, an international property development company and a Big Four accounting organization (Deloitte).
Tim Kingsley is an engaged, relationship-oriented leader of lean, high-performing exploration teams. He has a strong technical background with a track record of discovery and project development and proven success in managing complex technical projects. Kingsley is an exploration geologist with more than 15 years of experience and underground experience at multiple operations in the Americas (Peru, Canada, Alaska).
Wanjin Yang is an exploration geologist with over 25 years of experience. He served as the chief geologist at Ivanhoe Mines for eight years and has worked on several projects in Yukon and Northern British Columbia.
Ms. Pavani has over 10 years of experience in the financial industry working for several U.S. based investment banks. A majority of her career has been spent working as an equity research analyst covering the precious metals sector. During her time as an analyst, she has covered a range of exploration and development stage companies through to established producers. Ms. Pavani has an MBA degree from California State University and is completing her CFA charter.
Alex Zhang is a Professional Geoscientist registered with Engineers and Geoscientists BC (EGBC) with more than 30 years of experience in mineral exploration and has worked with Eldorado Gold Corporation, Afcan Mining Corp., Sino Gold Mining Ltd., Silvercorp Metals Inc. and most recently New Pacific Metals Corp. He supervised exploration activities of multiple major gold projects and silver-lead-zinc polymetallic projects in China, Canada and Bolivia at various stages from exploration through development to production with roles as senior exploration geologist, senior resource geologist, exploration manager, chief geologist and vice president of exploration. Mr. Zhang brings a full range of technical and managerial skills related to mineral exploration and mining projects. Mr. Zhang received his Master's Degree of Engineering in mineral exploration from China University of Mining and Technology, and received his Master's Degree of Science in mineral exploration from Queen's University in Ontario, Canada.
Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") is pleased to announce that it has received approval to list its issued and outstanding common shares (the "Common Shares") on the OTCQX Market. Trading of the Common Shares on the OTXQX Market will begin under the symbol "WHGDF" on March 16, 2022. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. Whitehorse Gold will continue to maintain the listing of its Common Shares on the Toronto Stock Exchange Venture under the symbol "WHG".
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
Gordon Neal, Whitehorse Gold CEO and Director, commented: "We are very pleased to be graduating to the OTCQX Market as this will provide our valued U.S. investors with greater liquidity and execution services. It will also help us to enhance our visibility among U.S. and global investors as we continue to explore and advance our high-grade Skukum Gold Project in Yukon, Canada."
Dorsey & Whitney LLP acted as the Company's OTCQX sponsor.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989). The Company is also reviewing other mining assets in jurisdictions that provide year-round access.
On Behalf of Whitehorse Gold Corp. signed"Gordon Neal" Gordon Neal, CEO & Director
For further information please contact: Investor Relations, Whitehorse Gold Corp. Phone: 604-336-5919 Email: info@whitehorsegold.ca www.whitehorsegold.ca
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 news release.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116973
News Provided by Newsfile via QuoteMedia
Whitehorse Gold Corp. (TSXV: WHG) ("Whitehorse Gold" or the "Company") announces that Alex Zhang has been appointed as a director of the Company. Dr. Mark Cruise has resigned as Chairman and from the Board and Nikki Graham has resigned as General Counsel and Corporate Secretary. The Company thanks Dr. Cruise and Ms. Graham for their service and wishes both well in future endeavors.
Lorne Waldman has been appointed as Chair of the Board and Jean Zhang, the Company's CFO, has been appointed as Corporate Secretary of the Company.
Alex Zhang is a Professional Geoscientist registered with Engineers and Geoscientists BC (EGBC) with more than 30 years of experience in mineral exploration and has worked with Eldorado Gold Corporation, Afcan Mining Corp., Sino Gold Mining Ltd., Silvercorp Metals Inc. and most recently New Pacific Metals Corp. He supervised exploration activities of multiple major gold projects and silver-lead-zinc polymetallic projects in China, Canada and Bolivia at various stages from exploration through development to production with roles as senior exploration geologist, senior resource geologist, exploration manager, chief geologist and vice president of exploration. Mr. Zhang brings a full range of technical and managerial skills related to mineral exploration and mining projects. Mr. Zhang received his Master's Degree of Engineering in mineral exploration from China University of Mining and Technology, and received his Master's Degree of Science in mineral exploration from Queen's University in Ontario, Canada.
The Company has granted, subject to regulatory approval, an aggregate of 1,475,000 stock options to directors, officers, employees and consultants of the Company, pursuant to the terms of the Company's stock option plan. The options are exercisable for a period of 5 years from the date of grant at price of $0.50 per share, being the closing price of the common shares on the TSX Venture Exchange ("TSX-V") on February 24, 2022. The options vest in six equal tranches over a period of three years. The options are subject to the provisions of the plan and the policies of the TSXV.
The Company also announces the cancellation of an aggregate of 1,673,333 stock options. The cancelled stock options are comprised of 1,233,333 stock options previously granted on November 18, 2020 at an exercise price of $0.315 and 544,167 stock options previously granted on May 6, 2021 at an exercise price of $1.38.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989). The Company is also reviewing other mining assets in jurisdictions that provide year round access.
On Behalf of Whitehorse Gold Corp. signed"Gordon Neal" Gordon Neal, CEO & Director
For further information please contact: Investor Relations, Whitehorse Gold Corp. Phone: 604-336-5919 Email: info@whitehorsegold.ca www.whitehorsegold.ca
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 news release.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115354
News Provided by Newsfile via QuoteMedia
Whitehorse Gold (TSXV: WHG) is pleased to announce that the company will be presenting at Red Cloud's 2022 Very Pre-PDAC Mining Showcase. We invite our shareholders and all interested parties to join us there.
The annual conference will be a virtual event this year and will take place from March 2-4, 2022.
Gordon Neal will be presenting on March 3rd at 3 PM Eastern Standard time.
For more information and/or to register for the conference please visit: https://www.redcloudfs.com/prepdac2022/.
We look forward to seeing you there.
Whitehorse Gold Victor Feng (604) 336-5919 ext. 248 victor@whitehorsegold.ca whitehorsegold.ca
News Provided by Newsfile via QuoteMedia
Whitehorse Gold Corp. (TSXV: WHG) ("Whitehorse Gold" or the "Company") releases results of an additional 7 drill holes, which have intersected significant gold and silver mineralization at the Skukum Creek Deposit (Figure 1) on its wholly-owned Skukum Gold Project (the "Project"), in southern Yukon. The Company is awaiting assay results from the remaining 30 drill holes from the 2021 exploration program.
Highlights of in-fill and step out drilling results for Rainbow zone (Figure 2) of the Skukum Creek Deposit:
Highlights of step out drilling results for Rainbow 2/Berg zone (Figure 3) at the Skukum Creek Deposit:
Holes SC21-021 and SC21-023 are resource upgrade/infill holes in the Rainbow Zone and are approximately 17 metres and 22 metres, respectively, from the nearest historic drill holes. The Rainbow Zone is the largest of the four main zones (Rainbow, Rainbow 2, Berg and Kuhn) that constitute the Skukum Creek Deposit.
"Holes SC21-021 and SC21-023 continue to confirm the high-grade gold and silver mineralization in the Skukum Creek Deposit," stated Gordon Neal, CEO of Whitehorse Gold. "These resource upgrade/infill holes demonstrate mineralization continuity and the resource upgrade potential of the deposit."
Hole SC21-018 is a resource expansion/step out hole in the Rainbow 2 Zone and tests the western extension of the Berg Zone.
Table 1 Summary of Drill Intercepts
Figure 1: Plan view of theSkukum Creek Deposit showing main zones, drill hole traces and drill hole collar locations. To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/7553/114083_71ba3ffe5423ab8d_004full.jpg
Figure 2: Rainbow zone section showing 2021 reported drill intercepts and historic drill intervals. To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/7553/114083_71ba3ffe5423ab8d_005full.jpg
Figure 3: Rainbow2/Berg zone section showing 2021 reported drill intercepts and historic drill intervals.
To view an enhanced version of Figure 3, please visit: https://orders.newsfilecorp.com/files/7553/114083_71ba3ffe5423ab8d_006full.jpg
Table 2: Drill hole details for current and historic holes presented in Table 1 and Figures 1, 2 and 3.
The Company announces the resignation of Tim Kingsley, Vice President Exploration, effective February 11, 2021, and Steve Stakiw, Vice President Corporate Affairs, effective immediately. Mr. Stakiw will continue with the Company as a consultant. The company thanks Mr. Kingsley for his service and wishes him well in future endeavors.
The Company announces that it has entered into an agreement with Dig Media Inc. (dba Investing News Network) ("INN") pursuant to which INN provides certain advertising services to the Company. INN will provide such services until February 17, 2023. As consideration, the Company has agreed to pay INN a total fee of $40,000 (plus tax), which will be paid in quarterly installments. Based out of Vancouver, British Columbia, with offices around the globe, INN is an independent firm that provides independent news and education to investors. To the Company's knowledge, INN does not have any direct interest in the Company or its securities. The engagement of INN is subject to TSX Venture Exchange approval.
The Company also announces that it has terminated its arrangement with Jefferson Financial, Inc.
Quality Assurance and Quality Control
Drill core from the Company's 2021 exploration program was logged and sampled in a secure core storage facility located at the Project site. Core samples from the 2021 program were cut in half, using a diamond cutting saw. Drill core and surface samples were sent to ALS Laboratories, which is independent of the Company. Sample preparation was performed at the ALS Laboratory in Whitehorse, YT, followed by analysis at the ALS Laboratory in North Vancouver, BC. ALS is an accredited mineral analysis laboratory. All samples were analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold were analysed utilizing standard Fire Assay-Gravimetric methods. Samples were also analyzed for a 48 multielement geochemical suite by ICP-MS with a four-acid digestion. Certified gold reference standards, blanks, field duplicates and coarse reject duplicates were routinely inserted into the sample stream, as part of Whitehorse Gold's quality control/quality assurance program.
The scientific and technical information contained in this news release has been reviewed and approved by Alex Zhang, P. Geo., who is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Qualified Person has verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein. Alex Zhang is the Vice President, Exploration of New Pacific Metals Corp. and independent of the Company.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989).
On Behalf of Whitehorse Gold Corp. signed"Gordon Neal" Gordon Neal, CEO & Director
For further information please contact: Investor Relations, Whitehorse Gold Corp. Phone: 604-336-5919 Email: info@whitehorsegold.ca www.whitehorsegold.ca
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 news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this news release, including, without limitation, future plans with respect to the Project, including the 2022 exploration and resource upgrade and expansion plans, the success of exploration activities, development potential and plans at the Project, the future economics of the Project, future exploration and drill results from the Project and other future plans, objectives or expectations of the Company are forward-looking statements. Forward-looking statements are often, but not always, identified by words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates considered reasonable at the date the statements are made. The opinions, assumptions, factors and estimates which may prove to be incorrect, include, but are not limited to: that the Company will be able to carry on current and future operations as planned; 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; that market fundamentals will result in sustained precious metals demand and prices; that there are no significant disruptions affecting operations, including labour disruptions, supply disruptions, power disruptions, security disruptions, damage to or loss of equipment, whether due to flooding, political changes, title issues, intervention by local landowners, environmental concerns, pandemics (including COVID-19) or otherwise; that the Company will be able to obtain and maintain governmental and regulatory approvals, permits and licenses in connection with its current and planned operations, development and exploration activities; that the Company will be able to obtain / maintain social licence at the Project; that the Company will be able to meet its current and future obligations; that the Company will be able to comply with environmental, health and safety laws; that the Company will be able to secure financing on suitable terms; the assumptions underlying mineral resource estimates and the realization of such estimates; and other assumptions and factors generally associated with the mining industry.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others: social and economic impacts of COVID-19; actual exploration results; changes in project parameters and outcomes as plans continue to be refined; results of future exploration activities and resource estimates; future metal prices; availability of capital and financing on acceptable terms; general economic, market or business conditions; risks associated with community relations and corporate social responsibility; uninsured risks; regulatory changes; defects in title; availability of personnel, materials and equipment on a timely basis; accidents or equipment breakdowns; delays in receiving government and regulatory approvals; unanticipated environmental impacts on operations and costs to remedy same; and other exploration risks or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114083
News Provided by Newsfile via QuoteMedia
Whitehorse Gold Corp. (TSXV: WHG) ("Whitehorse Gold" or the "Company") has appointed Gordon Neal as the CEO and a director of the Company.
Mr. Neal has extensive experience in the metals and mining sector, capital markets, and government communications. He was most recently the president of New Pacific Metals Corp., and was the former vice-president corporate development at Silvercorp Metals Inc. Prior to that, he held the vice-president corporate development position at Mag Silver Corp. Mr. Neal's career also saw him working in the office of the Prime Minister of Canada as a senior communications adviser.
In connection with his appointment, the Company granted 500,000 stock options (the "Options") to Mr. Neal pursuant to the terms of the Company's stock option plan (the "Plan"). The Options are exercisable for a period of five years from the date of grant at price of $0.60 per share, being the closing price of the Company's shares on the TSX Venture Exchange (the "TSXV") on November 26, 2021. The Options vest in six equal tranches over a period of three years. The Options are subject to the provisions of the Plan and the policies of the TSXV.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Skukum Gold Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989).
On Behalf of Whitehorse Gold Corp. signed "Mark Cruise" Dr. Mark Cruise, Chairman
For further information please contact: Steve Stakiw, Vice President - Corporate Affairs Phone: 1-778-998-7356 Email: info@whitehorsegold.ca www.whitehorsegold.ca
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 news release.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105401
News Provided by Newsfile via QuoteMedia
Titan Minerals (ASX:TTM) (“Titan”, the “Company”) is pleased to advise that the following Board and Executive Management changes:
Titan’s Chairman, Mr Peter Cook said:
“These are very positive changes for Titan as it moves forward with its exploration activities in Southern Ecuador and as the Company aligns its activities with its core business. We thank Laurie for his work and efforts in the restructure of Titans Ecuadorian business and the facilitation of processes enabling exploration works to re-start at the Company’s key projects.
These are exciting times for Titan and we pleased to see Matt Carr step up into the role as acting CEO where his experience and history on these projects can greatly assist the appropriate sizing and direction of activities on the group assets can enable rewards for our shareholders.
We are particularly pleased that Ms Tamara Brown who with significant North American capital markets and Ecuadorian experience has endorsed these projects and agreed to join the Board. In addition, her operational and technical experience and knowledge of Ecuadorian business and cultural practices will be of great assistance to our in-country team.
In addition, it is most pleasing that such an experienced and highly successful geologist in Mike Skead has also endorsed these projects and has moved to Ecuador to manage their progression as COO and Country Manager. When such a successful and renowned geologist makes such a move motivated by his passion for geology and a view that he can make yet another major discovery should be very comforting for our shareholders and future investors. Mike has already made big technical in-roads at our projects lifting our scientific approach and fiscal discipline in exploration expenditure. He is followed by Pablo Morelli as our newly appointed in-country Exploration Manager who is so strongly endorsed by Mike.”
These appointments form part of the Company's wider strategy to accelerate the focus of Titan in order to unlock value at Titan's projects for both the Company and shareholders.“
Click here for the full ASX Release
This article includes content from Titan Minerals , 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.
Steppe Gold Limited (TSX: STGO) (OTCMKTS: STPGF) (FRA: 2J9) (" Steppe Gold " or the " Company ") announces its financial results for the year ended December 31, 2021, as well as the filing of its restated annual financial statements for the periods ended December 31, 2020 (the " Restated Financial Statements ") and provides a corporate update. The Restated Financial Statements were prepared following a continuous disclosure review by Staff of the Ontario Securities Commission (the " OSC ") of the Company's disclosure records.
Financial Results for the year ended December 31, 2021
In conjunction with preparation of the Company's financial statements for the year ended December 31, 2021 and as part of a continuous disclosure review by Staff of the OSC in relation to the accounting for the Streaming Agreement, dated August 11, 2017 between the Company and Triple Flag Mine Finance Bermuda, Steppe Gold identified an error in how the arrangement has been reflected in the previously issued financial statements. The Company previously determined that the stream obligation was in substance a debt instrument (carried at amortized cost) with embedded derivatives (recognized at $nil value) linked to gold and silver commodity prices.
Upon further review of the arrangement the Company has determined that the arrangement should be accounted for in its entirety as a derivative measured at fair value through profit and losses. The Restated Financial Statements resulted in changes to revenue, the stream liability and fair value gains/losses related to the liability. The adjustments did not impact the overall net cash flows of the Company. The Company evaluated the significance of the corrections and determined the adjustments were material to the consolidated financial statements for December 31, 2021.
Steppe Gold has therefore restated its annual financial statements for the year ended December 31, 2020, as well as the associated management's discussion and analysis. Comparative figures for 2021 interim periods will also be restated in 2022 interim reports.
The Company's consolidated financial results for the year ended December 31, 2021 have been filed on SEDAR. The full version of the condensed interim consolidated financial statements and associated management's discussion & analysis can be viewed on the Company's website at www.steppegold.com or under the Company's profile on SEDAR at www.sedar.com .
All amounts are expressed in United States dollars unless otherwise noted.
Steppe Gold is Mongolia's premier precious metals company.
For Further information, please contact: Bataa Tumur-Ochir, CEO and President
Shangri-La office, Suite 1201, Olympic Street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia Tel: +976 7732 1914
EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as adjusted earnings before interest, taxes, depreciation and amortization. Further details of Non-IFRS Performance Measures noted above can be found in the Company's management's discussion & analysis.
Cautionary Note Regarding Forward-Looking Statements
The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include, among other things, statements regarding the trading of the common shares and business, economic, and political conditions in Mongolia. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
News Provided by GlobeNewswire via QuoteMedia
GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its audited consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the year ended December 31, 2021. All financial figures contained herein are expressed in U.S. dollars ("USD") unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with "NG" . For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company's MD&A.
Lombardo Paredes, Chief Executive Officer of GCM Mining, commenting on the 2021 results, said, "In 2021, we accomplished what we set out to achieve last year. We met our production guidance for the sixth consecutive year. Our exploration program at Segovia not only replaced what we mined last year, it contributed to significant increases in our mineral reserves and resources and yielded solid results in our brownfield drilling campaign. We advanced the expansion of our Maria Dama processing plant and we commenced operations at the new polymetallic plant at Segovia. We continued to demonstrate our commitment to ESG in our operations and in the communities in which we work. We strengthened our balance sheet, and through the acquisition of the Toroparu Project in Guyana and the successful Senior Notes issuance, charted a course to grow the Company through diversification. We also returned about $17 million to shareholders through our monthly dividends and NCIB purchases. In the year ahead, we will continue to focus on the execution of our growth plans at both of our cornerstone assets while returning value to our shareholders through our monthly dividends. On behalf of the Board and management, I would like to thank all of our people for making 2021 another successful year for GCM Mining."
Fourth Quarter and Full Year 2021 Highlights
(1) Includes production from the Marmato Project up to February 4, 2021, the date of loss of control of Aris. (2) Refer to "Non-IFRS Measures" in the Company's MD&A.
(1) Commencing the third quarter of 2021, the Company is maintaining a portion of its liquidity in gold bullion. As at December 31, 2021, the Company had 2,500 ounces in its gold bullion account. (2) The Senior Notes were issued in August 2021 and are recorded in the Financial Statements at amortized cost. At December 31, 2021, the carrying amount of the Senior Notes outstanding, including accrued interest of $8.1 million, was $294.8 million. (3) The Gold Notes were recorded in the Financial Statements at fair value and were fully redeemed in September 2021. At December 31, 2020 and 2019, the carrying amounts of the Gold Notes outstanding was $38.5 million and 69.0 million, respectively. (4) The Convertible Debentures are recorded in the Financial Statements at fair value. At December 31, 2021, 2020 and 2019, the carrying amounts of the Convertible Debentures outstanding were $19.5 million, $28.4 million and $21.1 million, respectively. (5) The Aris Gold Notes were issued in August 2020 and were recorded in the Financial Statements at fair value. At December 31, 2020, the carrying amount of the Aris Gold Notes outstanding was $73.2 million. The Aris Gold Notes were non-recourse to the Company and were derecognized on February 4, 2021, the date of loss of control of Aris.
After pivoting its focus in 2021 to implement a strategy for growth through diversification, GCM's outlook for 2022 is centered around its two cornerstone assets, the Segovia Operations in Colombia and the Toroparu Project in Guyana.
At Segovia, the Company has produced a total of 33,658 ounces in the first two months of 2022, up from 30,415 ounces in the first two months of 2021, and its trailing 12-months' total gold production at the end of February 2022 stood at 209,632 ounces, up about 1.6% over 2021. The expansion of the Maria Dama plant from 1,500 to 2,000 tpd is essentially complete, except for the expansion of the crushing facility that is expected to be completed in the second quarter this year. GCM expects that it will operate the expanded plant at about 85% to 95% of capacity in the second half of 2022, increasing its expected annual production for 2022 to between 210,000 and 225,000 ounces of gold.
GCM spent a total of $45.0 million for sustaining capital expenditures NG , including mine exploration and development, and another $10.9 million on non-sustaining capital expenditures NG , including brownfield exploration, Maria Dama plant expansion and completion of the new polymetallic plant. For 2022, GCM has committed to undertake another robust diamond drilling campaign that will comprise approximately 91,000 meters with up to 52,000 meters of in-mine and near-mine drilling and 15,000 meters of underground in-fill drilling at its four producing mines together with 24,000 meters of brownfield drilling at its high-priority targets within the other 24 known veins it is not currently mining in its Segovia mining title. The Company expects that its sustaining capital expenditures NG in 2022 may range between $50 million to $55 million, including the planned drilling at its four producing mines. Non-sustaining capital expenditures NG in 2022 are expected to total up to $10 million, including the brownfield drilling campaign and expenditures to complete the Maria Dama plant expansion, to upgrade and automate certain components in the polymetallic plant and construct additional warehouse space, to commence construction of its new solar generation project and to implement a new ERP system in the Segovia Operations.
In 2021, GCM completed the updated MRE and a PEA for the development of the Toroparu Project. The Company also commenced various pre-construction activities in 2021, including hiring of the project team and key contractors, preparation of the camp facilities, revamping of the local airstrip to enhance logistics and access to the site, design and civil works related to the camp, road and water management, electrical network design, permitting, design of its initial ESG initiatives and various studies associated with environmental matters at the project site. Following completion of the PEA, the Company immediately commenced activities, including additional infill drilling, to advance the studies for the project to prepare a preliminary feasibility study ("PFS"). The Company is in the midst of a competitive bid process and plans to incorporate a change to contract mining in the PFS that is now expected to be finalized early in the third quarter of 2022, at which point formal construction of the project is expected to commence. The final mining license is also expected to be received in mid-2022. In light of the various pre-construction activities underway, the Company continues to anticipate that production will commence from the Toroparu Project in early 2024.
The Company remains committed to its dividend program at the current monthly rate of CA$0.015 per share and expects to continue to repurchase common shares, within certain price ranges, for cancellation under its NCIB to support continued value creation for its shareholders.
On March 21, 2022, the Company announced it has subscribed to a $35 million 7.5% convertible senior unsecured debenture (the "Aris Debenture") to be issued by a wholly-owned subsidiary of Aris to pay a portion of the purchase price for the acquisition, through a joint venture company, of a 20% ownership interest (the "Acquisition") in the Soto Norte gold project in Colombia. The issuance of the Aris Debenture is conditional upon closing of the Acquisition by Aris, expected to occur in April 2022, and is subject to the approval of the TSX. The ability of the Company to fully execute its conversion rights under the Aris Debenture is subject to disinterested Aris shareholder approval at its next annual meeting of shareholders.
As a reminder, GCM Mining will host a conference call and webcast on Friday, April 1, 2022 at 9:00 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows:
A replay of the webcast will be available at www.gcm-mining.com from Friday, April 1, 2022 until Friday, April 29, 2022.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (28.6%; TSXV: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com .
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the continuation of operations during the COVID-19 situation, production guidance, future capital expenditures, closing of the Aris Debenture and related approvals and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@gcm-mining.com
News Provided by GlobeNewswire via QuoteMedia
NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) has published its 2021 Annual Report (the "annual report").
This year's annual report includes a special feature highlighting a discussion between NOVAGOLD's Chairman Dr. Thomas Kaplan and John Hathaway, portfolio manager of Sprott Hathaway Special Situations Strategy and co-portfolio manager of the Sprott Gold Equity Fund. They discuss the gold market trajectory, jurisdictional safety and cryptocurrencies. Dr. Kaplan emphasizes NOVAGOLD's unique position to significantly outperform its peer group, particularly in the current market environment. The interview was filmed at the New York Stock Exchange in December 2021 and a video of the conversation is available at www.novagold.com/media-gallery .
In the report, NOVAGOLD's President and CEO Greg Lang summarizes many milestones that were achieved in 2021, including the advancement of our Donlin Gold project up the value chain against the backdrop of the global COVID-19 pandemic, with the highest safety standards and no lost-time incidents on site. Mr. Lang highlights the Company's ESG principles, along with its strong time-tested relationships with the project's Native Corporation partners – Calista Corporation and The Kuskokwim Corporation – with whom we are committed to responsible mine development in the Y-K region. In addition, Mr. Lang outlines the Company's 2022 goals and budget, as well as reviews NOVAGOLD's strong financial position.
The 2021 annual report is available on NOVAGOLD's website https://www.novagold.com/investors/financials/ .
If you would like to receive a hard copy by mail, please send an email request to info@novagold.com .
NOVAGOLD welcomes comments, questions, or suggestions about the annual report and related information. Please send your feedback to info@novagold.com.
Mélanie Hennessey Vice President, Corporate Communications
604-669-6227 or 1-866-669-6227
Cautionary Note Regarding Forward-Looking Statements
This media release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", "would" or "should" occur or be achieved. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of Barrick and NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding assay results; the anticipated timing of a decision by the Board of Donlin Gold LLC to prepare a feasibility study update; anticipated benefits from the recent drill programs including an improved geological model for Donlin Gold; the work program for the 2022 field season; ongoing support provided to key stakeholders including Native Corporation partners; the potential impact of the coronavirus global pandemic (COVID-19) on the development of Donlin Gold; the potential development and construction of Donlin Gold; the sufficiency of funds to continue to advance development of Donlin Gold; perceived merit of properties; mineral reserve and resource estimates; Donlin Gold's ability to secure the permits needed to construct and operate the Donlin Gold project in a timely manner, if at all; and legal challenges to Donlin Gold's existing permits. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the management expectations of NOVAGOLD's estimates and projections regarding future events or circumstances on the date the statements are made.
Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of permits; the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; the spread and impact of COVID-19; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between Barrick and NOVAGOLD for the continued exploration, development and eventual construction of the Donlin Gold project; the need for cooperation of government agencies and native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether a positive construction decision will be made regarding Donlin Gold; and other risks and uncertainties disclosed in NOVAGOLD's most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports and other documents filed by NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting NOVAGOLD's website at www.novagold.com , or the SEC's website at www.sec.gov , or at www.sedar.com . The forward-looking statements contained herein reflect the beliefs, opinions, and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/66a9bbe3-4720-4038-8d57-70ed08167c69
News Provided by GlobeNewswire via QuoteMedia
Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the "Company") is pleased to announce that it has acquired 63 mining claims adjoining its Shining Tree Project through an agreement with Skead Holdings Ltd. ("Skead"). The acquisition increases the Shining Tree property holdings from 21,847 hectares (53,985 ac) to 23,219 hectares (57,375 ac) and covers area in the central western portion of the Project (see image).
The new acquisition covers some of the down dip extension and a prominent spur fault associated with the Ridout-Tyrrell Deformation Zone (RTDZ). The RTDZ is a trans-crustal structure, along which several world-class gold deposits are spatially and genetically associated. On the Shining Tree property, the RTDZ has been identified as the likely source of highly anomalous gold indications in a provincially significant gold dispersion train.
Pursuant to the agreement, the Company paid Skead $11,500 in cash and issued 400,000 shares of the Company. The shares issued pursuant to the agreement will be subject to a four-month hold period and subject to the approval of the Canadian Securities Exchange. The mining claims are subject to a 2% net smelter returns royalty of which the Company has the right to repurchase up to 1% at the rate of $400,000 per 0.5%.
The information presented in this news release has been reviewed and approved by James R. Trusler, P.Eng., Chairman of Platinex Inc. and the qualified person for exploration at the Shining Tree project, as defined by National Instrument 43-101, Standards for Disclosure for Mineral Projects.
About Platinex Inc.: Platinex creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Ontario mining camps. Current assets include a 100% ownership interest in the district scale W2 Copper-Nickel-PGE Project and a 100% interest in the 225 km 2 Shining Tree Gold Project in the Abitibi region of Ontario, a world-renowned gold district. The W2 Project controls one of the major Oxford Stull Dome complexes. The Shining Tree Project covers a major portion of the Ridout-Tyrrell deformation zone that trends as far west as Newmont's Borden Mine, through the area of IAMGOLD's Cote Gold deposit, and across Aris Gold's Juby Project. The Company is also developing a net smelter return (NSR) royalty portfolio and currently holds royalties on gold, PGE, and base metal properties in Ontario.
For further information please contact. Mr. Greg Ferron, CEO at 416-270-5042 or via email at: gferron@platinex.com
To receive Company press releases, please sign up on the website www.Platinex.com.
FORWARD-LOOKING STATEMENTS : This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include use proprietary data to seek financial backing to advance its platinum group properties, submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of applicable assets and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any province in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c43272f2-4e08-4022-8296-8fc4679f5b99
News Provided by GlobeNewswire via QuoteMedia
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.