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Featured mining stocks

SilverCrest Metals Inc.

(TSXV: SIL.V; NYSE: SILV)

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a Canadian precious metals exploration company headquartered in Vancouver, BC , that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects from discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.

SilverCrest Metals (TSXV: SIL.V; OTC: SVCMF) Presentation at #VRIC17

Mining News

De-Risking Story Continues for Uranium and Vanadium Developer
September 25, 2018 (Investorideas.com Newswire) Vanadium and uranium are two of the few commodities whose prices have advanced recently, and Michael Ballanger discusses one company that is developing projects for both elements.

#Miningstocks: Generic Gold (CSE: GGC) Announces Completion of Drill Program on Its VIP Gold Project, Yukon
Toronto, Ontario - September 21, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Generic Gold Corp. (CSE: GGC) (FSE: 1WD) ("Generic Gold" or the "Company") is pleased to provide an update on its recently completed reverse circulation ("RC") drill program on its VIP property in Yukon, Canada.

Why the Next Market Crash Will Not Take Gold Down
September 20, 2018 (Investorideas.com Newswire) Rudi Fronk and Jim Anthony, founders of Seabridge Gold, discuss what they believe will happen to gold if there is another financial crisis.

Two Canadian Mining Companies Resolve Royalty Dispute
September 20, 2018 (Investorideas.com Newswire) A CIBC report reviewed the news.

More 'Impressive' Gold Assays Come from Miner's Quebec Project
September 20, 2018 (Investorideas.com Newswire) An Echelon Wealth Partners report reviewed the recent findings and their significance.

Sunsets in the Land of U.S. Dollar Hegemony
September 20, 2018 (Investorideas.com Newswire) Michael Ballanger discusses the current state of precious metal markets.

Cypress Development Announces Strong PEA Economics and Increased Resource at Clayton Valley Lithium Project
September 20, 2018 (Investorideas.com Newswire) The Critical Investor discusses the recently released PEA for the largest lithium clay deposit in the Americas.

#Miningstocks: CanAlaska Nickel (TSXV: CVV) (OTCQB: CVVUF) Projects to be Funded by Canada Metals
Vancouver, British Columbia - September 19, 2018 (Newsfile Corp.) (Investorideas.com Newswire) CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") reports that it has entered into letters of intent (LOI) with Melbourne-based Canada Metals Ltd. for an Option-Purchase of the Manibridge nickel project, and an Option to earn 70% of the Strong nickel project.

#Miningstocks: Bell Copper (TSXV: BCU) Begins Core Drilling
Vancouver, British Columbia - September 19, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Bell Copper Corporation (TSXV: BCU) ("Bell Copper" or the "Company") reports that 2018 core drilling has begun on the Perseverance Porphyry Copper project (formally known as Kabba) located in Mohave County, Arizona.

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Expands Las Chispas Inferred Resource 4.3 Million Tonnes at 3.68 gpt Au and 347 gpt Ag, or 623 gpt AgEq for 87 Million Oz AgEq; Includes 1.6 Million Tonnes at 1,091 gpt AgEq for 56 Million Oz AgEq
Vancouver, British Columbia - September 19, 2018 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the updated mineral resource estimation for the Las Chispas Property, located in Sonora, Mexico. Inferred Mineral Resources are estimated at 4.3 million tonnes grading 3.68 grams per tonne ("gpt") gold (or "Au") and 347 gpt silver (or "Ag"), or 623 gpt silver equivalent

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Mining News from Global Newswire

Cameo Cobalt Completes Rebranding Initiatives

VANCOUVER, British Columbia, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo Cobalt”) is pleased to announce that it has completed its rebranding and redesign initiatives; including the launch of its new corporate website. The Company’s redesigned website can be viewed on-line at https://cameocobalt.com/.

Cameo Cobalt encourages all current and potential shareholders to visit the website and explore the Company’s rebranding and redesign initiatives.

Akash Patel, CEO of Cameo Cobalt stated: “The Company’s rebranding initiatives indicate to the marketplace the Company’s dedicated focus on battery metals exploration in Chile. Cameo Cobalt is proud to showcase its modernized corporate website to the investor public.”

CAMEO COBALT CORP.
“Akash Patel”   

For more information contact:
(778) 549-6714

Or Email: lucasbirdsall@gmail.com
www.cameocobalt.com

Reader Advisory
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. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration program and the expectations for the cobalt industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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.

Great Lakes Graphite Prepares to Step Up Graphite Purification in Upstate New York

Ashland is commissioning a new furnace, optimized for purifying micronized graphite powders

TORONTO, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Great Lakes Graphite Inc., doing business as NovoCarbon Corporation, (“GLK”, “NovoCarbon” or the “Company” TSX-V:GLK, OTCQB:GLKIF, FWB:8GL)  announces today an update on graphite purification operations with strategic partner Ashland Advanced Materials (“AAM” or “Ashland”) in upstate New York.

Highlights

  • Build is complete, commissioning has started for new furnace designed by AAM for graphite powder.
  • AAM has delivered six crucibles for volume thermal purification of graphite.
  • Evaluation of process equipment for spheronization and coating nears completion.

Commissioning of New Furnace

Following several months of design, engineering and construction, NovoCarbon’s strategic partner Ashland Advanced Materials is now in the process of commissioning a new furnace that they designed specifically for use with micronized and spheronized graphite powders.  The new furnace design employs a substantially different approach that was developed with the goal of increasing throughput and driving down costs.  It is anticipated that the throughput capacity of the new furnace will substantially  address the near term volume requirements that have been provided by customer prospects.

Several hundred pounds of micronized graphite were recently delivered to Ashland for use in the  commissioning of the new furnace design.  Commissioning will provide actual data on performance and costs that will provide further substantiation for NovoCarbon’s financial model.

Dedicated Crucibles

NovoCarbon recently purchased six crucibles that were designed and custom-built by Ashland. The crucibles are being used by Ashland’s facility for toll-processing (see news releases dated March 22, 2017 and July 18, 2017) NovoCarbon’s graphite powders. Dedicated crucibles completely mitigate any potential cross-contamination risk that could arise from shared-use crucibles.

The crucibles are designed for use in Ashland’s batch furnaces and will facilitate the fulfillment of initial orders for high purity micronized graphite that are anticipated from manufacturers in the advanced materials and battery industries, based on their guidance. Having the crucibles available ensures NovoCarbon’s access to purification capacity during the commissioning period for the new furnace and beyond.

Evaluation of Process Equipment

Over the past two years, the Company has engaged in extensive evaluations of processing equipment for spherical graphite and for coating graphite.  Over a half dozen spherical graphite  equipment vendors from around the world engaged in these qualifications.  As a result of this work, the Company has built an extensive knowledge base that will be used to inform the completion of the processing flowsheet required to manufacture coated spherical purified graphite.

Paul Ferguson, CEO of NovoCarbon’s US-based subsidiary said, “In this first phase of commercial operations we will be expanding on the initial scope of operations that we had discussed with Ashland. We are collocating additional flowsheet components in one place, which yields obvious logistical advantages.  While collocation will accommodate the manufacturing capacity that is required in the near term, the Company is continuing to scout for other potential locations for a dedicated facility in the Niagara Falls area and also in other regions.”

The Company is also engaged in ongoing evaluations of alternative purification technologies with the goal of identifying highly scalable approaches that offer either improved economics or environmentally beneficial advantages, or both.

About NovoCarbon Corporation: NovoCarbon is a Clean Technology Minerals Processing Company supplying customers with innovative, high quality value-added carbon products.

There is no significant graphite production in North America now. As pricing and demand continue to rise, NovoCarbon is one of the first new domestic suppliers to a growing regional customer base. We continually work to deliver products of the best quality with outstanding customer service.

The Company is party to an agreement for long-term supply of high quality natural graphite concentrate from Brazil. NovoCarbon is presently working with an established US-based processor for toll micronization services. The Company has partnered with Ashland Advanced Materials for commercial-scale purification operations at Ashland’s 110,000 square foot purification facility located in Niagara, New York.

Through our partner relationships, NovoCarbon began selling micronized synthetic graphite beginning in 2016 and now supplies micronized and high purity micronized natural flake graphite products to a growing customer base.

Further information regarding NovoCarbon can be found on the Company’s website at: www.novocarbon.com.

NovoCarbon trades as GLKIF on the OTCQB market in the US and as GLK on the TSX Venture Exchange in Canada.  There are currently 132,656,830 shares outstanding.

Note: The current legal name of the corporation is Great Lakes Graphite Inc., which is doing business as NovoCarbon Corporation until final approval by the shareholders and the TSX Venture Exchange.

For more information, please contact:

Paul Gorman
Chief Executive Officer, NovoCarbon Corporation (Canada)
Email: pgorman@novocarbon.com

Paul Ferguson
Chief Executive Officer, NovoCarbon Inc. (USA)
Email: pferguson@novocarbon.com
1-800-754-4510 x106

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.

Caution Regarding Forward Looking Information: Certain statements in this press release may constitute "forward looking information" which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. Forward looking information is provided for the purpose of presenting information about management's current expectations relating to the future events and the operating performance of the Company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the Company to fulfill the orders and future orders, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Great Lakes operates. The foregoing list of factors is not exhaustive. Please see the Company's financial statements, MD&A and other documents available on www.sedar.com , for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/75301309-f3ae-49e9-8b07-72aec5a81c70

Abitibi Royalties Announces Normal Course Issuer Bid

VAL-D’OR, Québec, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Abitibi Royalties Inc. (RZZ-TSX-V: “Abitibi Royalties” or the “Company”) is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (“TSX-V”) to conduct the normal course issuer bid (the “2018 NCIB”). Under the 2018 NCIB, Abitibi Royalties may purchase for cancellation, from time to time at its discretion, up to 626,306 of its issued and outstanding common shares (representing 5% of Abitibi Royalties’ issued and outstanding common shares as of September 25, 2018). Purchases will be made on the open market through the facilities of the TSX-V, with TD Securities Inc. conducting the 2018 NCIB on behalf of Abitibi Royalties.

Abitibi Royalties is of the view that repurchase of its issued shares, to be returned to treasury for cancellation, is warranted as the trading price of the Company’s shares, conservatively calculated, is below management’s estimated after tax net present value. Accordingly, the purchase for cancellation of shares by Abitibi Royalties during these times will benefit the remaining shareholders by increasing their proportionate ownership in the Company.

The 2018 NCIB will commence on October 6, 2018, and will terminate on October 5, 2019, or such earlier time as the 2018 NCIB is completed or at the option of Abitibi Royalties. Any shares acquired by Abitibi Royalties pursuant to the 2018 NCIB will be cancelled.

Under the 2018 NCIB, Common Shares may be repurchased in open market transactions on the TSX-V or by such other means as may be permitted by the TSX-V and under applicable Canadian securities laws. The price paid by Abitibi Royalties will be based on the market price at the time of purchase and not higher than the last independent trade of a board lot (board lot = 100 shares). As part of the 2018 NCIB, Abitibi Royalties may enter into a pre-defined plan with its broker (TD Securities Inc.) to allow for the repurchase of shares at times when Abitibi Royalties ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any such plans entered into with the Company’s broker will be adopted in accordance with applicable Canadian securities laws.

In accordance with TSX-V policy, purchases by Abitibi Royalties under the 2018 NCIB are limited, when aggregated with the total of all other purchases in the preceding 30 days, to a maximum of 2% of the Company’s issued and outstanding shares at the time the purchases are made.

The actual number of Common Shares which may be purchased and the timing of such purchases will be determined by Abitibi Royalties. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors including other options to expand the Company’s portfolio of assets.

Abitibi Royalties has purchased to date an aggregate 13,500 of its common shares through the facilities of the TSX Venture Exchange under a normal course issuer bid (the “2017 NCIB”) currently being conducted by the Company, which commenced October 6, 2017 and will end on October 5, 2018. The common shares purchased to date by the Company under the 2017 NCIB were purchased at an average price of $9.06 per common share. 11,600 of the common shares purchased to date under the 2017 NCIB have been returned to the Company’s treasury and cancelled and 1,900 common shares purchased from August 31, 2018 to the date of this release, will be cancelled on September 30, 2018. 

Abitibi Royalties previously purchased:

  • an aggregate of 66,700 of its common shares through the facilities of the TSX Venture Exchange under a normal course issuer bid (the “2016 NCIB”) conducted by the Company, which commenced October 6, 2016 and ended on October 5, 2017. Common shares purchased by the Company under the 2016 NCIB were purchased at an average price of $9.24 per common share. The 66,700 common shares purchased to date under the 2016 NCIB have been returned to the Company’s treasury and cancelled; and
  • repurchased an aggregate of 77,600 of its issued common shares through the facilities of the TSX Venture Exchange under a normal course issuer bid (the “2015 NCIB”) previously conducted by the Company, which commenced October 6, 2015 and ended on October 5, 2016. Common shares purchased to date by the Company under the 2015 NCIB were purchased at an average price of $3.19 per common share. The 77,600 common shares purchased to date under the 2015 NCIB have been returned to the Company’s treasury and cancelled.

About Abitibi Royalties Inc.

Abitibi Royalties owns various royalty interests at the Canadian Malartic Mine near Val-d’Or Québec, including a 3% NSR on portions of Odyssey, East Malartic, Jeffrey, Barnat Extension, 2% NSR on portions of the Gouldie /Charlie zones, 1.5% NSR on the Midway Project and a 15% NPI on the Radium Property. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines. 

For additional information, please contact:

Shanda Kilborn – Director, Corporate Development
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

Forward Looking Statements:

This news release contains certain statements that may be deemed “forward-looking statements”. 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” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the 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.

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 news release.

 

Manitou Gold Announces Another New Acquisition of Mining Claims in the Goudreau Belt

SUDBURY, Ontario, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce the acquisition of the Dog Lake Property, which is located within the Goudreau-Localsh deformation zone (the “GLDZ”).

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d484574a-601c-4680-97c8-87fded8e6d5b

The Dog Lake Property is comprised of 82 mining claim units covering a total area of over 3,800 acres along the northern domain of the GLDZ.  The property covers a number of historic gold showings associated with mineralized shear zones. The shear zones are part of the northern domain of the GLDZ, which, to the west, hosts Alamos’ Island Gold mine and Argonaut Gold’s (Prodigy Gold) Magino deposit, along with several past-producing mines, including the Kremzar, Edwards and Cline mines, as well as Manitou Gold’s Goudreau Patents property.

Grab samples collected on the property by the Ontario Geological Survey in 1983 returned assays ranging between 3.4 and 74.6 g/t gold.  More recent prospecting led to the discovery of a new high-grade gold showing on the Property where a grab sample returned an assay of 29.2 g/t gold. No follow-up work has been completed on this showing to date.

In consideration for the 100% purchase of the Dog Lake Property, Manitou Gold will issue 800,000 common shares of the Company and pay the current vendors $5,000.  There is an underlying 2.0% NSR payable to the underlying vendor.  Manitou has agreed with the underlying vendor, who holds the NSR, to allow for the purchase by Manitou Gold of half (1.0%) of the underlying 2% NSR at any time for cash consideration of $1,000,000.  Closing Dog Lake Property purchase is subject to Board approval of the vendors and of Manitou Gold, as well as to TSXV approval.

Manitou Gold’s current property portfolio along the GLDZ now includes the Goudreau Patents, which consist of 160 acres of surface and mining rights patented lands and Manitou Gold’s recently acquired 15,900 acres of contiguous lands comprised of the Rockstar, Midas and Dog Lake Properties.  These properties cover a strike length of over 17 km along the eastern portion of the GLDZ.

In recent years, the GLDZ has seen significant new investment in gold exploration and development activity.  The western half of the GLDZ is dominated by Argonaut Gold’s Magino advanced development project and Alamos Gold Inc.’s Island Gold Mine property, that latter of which was acquired by Alamos last November through its takeover of Richmont Mines.  Immediately to the east of the Alamos property are the past producing Edwards and Cline Mines, respectively.  Manitou Gold’s Goudreau Patents property is located just to the east of the Edwards and Cline Mines.

Manitou will continue with prospecting and mapping and will also begin mechanical stripping and channel sampling on its GLDZ properties throughout the fall.  Further results will be announced as they become available.

A plan map showing the Company’s properties along the GLDZ is included as part of this news release and can be found on the Manitou Gold website.

For gold values reported herein, the Company has relied upon public reports issued by the Ontario Geological Survey and prior property owners.  These results have not been verified by Manitou Gold.

For further information on Manitou Gold Inc., contact:

Richard Murphy, CEO
Telephone: 1 (705) 698-1962

Pat Dubreuil, President
Telephone: 1 (705) 626-0666
Email: info@manitougold.com

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.

Richard Murphy, P.Geo is the qualified person responsible for the technical content contained in this document.  He has approved of the scientific and technical content contained herein.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including without limitation, statements with respect to the prospective nature of any of Manitou’s property interests. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the timing and amount of future exploration, the availability of necessary financing, the progress of exploration activities, the receipt of necessary regulatory approvals, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Manitou, including, but not limited to the receipt of applicable regulatory approvals, risks inherent in exploration and development activities, changes in project parameters as plans continue to be redefined, mineral prices, competition, access and supply risks, reliance on key personnel, operational risks, capitalization and financing risks, risks related to disputes concerning property titles and interest, and environmental risks. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

White Gold Encounters Multiple High-Grade Surface Results including 139.9g/t, 134.6 g/t and 132.9 g/t Gold from Selected Grab Samples at Vertigo Discovery Extending Strike Length to 1.1km

Multiple High-Grade Surface Results up to 41.8g/t Gold also Encountered at the Suspicion Target 4.1km Along Trend from Vertigo on JP Ross Property, Yukon

TORONTO, Sept. 26, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce multiple high grade surface samples along strike from the recent Vertigo discovery and further expanding the footprint of the high grade mineralized system. Surface grab samples were taken on the Vertigo target along trend from the recently announced discovery hole which encountered 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (announced September 17, 2018) as well as on the undrilled Suspicion target area 4.1km along trend from Vertigo on the Company’s JP Ross Property, Yukon Canada. The samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • Surface grab samples of 139.9g/t, 134.6 g/t and 132.9 g/t Au on the Vertigo target encountered over a 685m strike length with seven samples grading over 10 g/t Au, eleven samples over 1 g/t Au and five samples encountering silver exceeding 100 g/t, including 1 sample greater than 1,000 g/t silver.
  • Strong mineralization was returned over a 1.1km NW trend on the Vertigo Target, with the most significant results on undrilled sections of the target, with trend remaining open in multiple directions.
  • 8 samples from approximately 100m east of the previously released RAB drill results returned values ranging from 0.152 g/t to 134.6 g/t Au, averaging 28.7 g/t Au, and are associated with eastern projections of the V3 to V6 zones.
  • Surface grab samples on the undrilled Suspicion target area, 4.1km SE of the Vertigo target returned results up to 41.8 g/t Au with 4 samples greater than 7 g/t Au with strike remaining open in multiple directions.            
  • Structural trend identified to exceed over 12km, with testing underway on new targets along trend.             
  • RC drilling is currently underway to follow up on results, with additional assays from RAB drilling expected to be to be received in the near future.

Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

Exploration of the JP Ross property is being conducted as part of the Company’s fully funded regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).

“These results further validate our belief that the Vertigo is a large-scale, high-grade, structurally controlled gold system. The results of up to 139.9 g/t gold at Vertigo are among the highest grades seen in the White Gold district and significantly expand the footprint of the mineralized system.” stated Jodie Gibson, VP Exploration of the Company.  “The findings at the Suspicion show the potential for additional high-grade discoveries over the +12km Vertigo Trend, and we look forward to the results of our follow up work in the area.”

Vertigo Target Results
Rock grab sampling on the Vertigo target defined strong mineralization over a 1.1km NW trend with results ranging from trace to 139.9 g/t Au, including 3 samples >132 g/t Au with 7 samples >10 g/t Au and 11 samples >1 g/t Au. These results also extended several of the 10 mineralized zones (V1 to V10) currently recognised over the 1,100m x 1000m target area, with individual zones having been traced up to 400m along strike with all currently open along strike and at depth.

A sample collected from the V2 zone returned 139.9 g/t Au and was associated with meter scale boulders of quartz veining and brecciation with strong iron-oxide staining and visible gold. Follow up sampling and initial RC drilling is being conducted in the area and the results will be released in due course.

Approximately 600m to the NW of the central Vertigo target, a sample collected from a new area returned 132.9 g/t Au from strong brecciated and sericite altered gneiss with vuggy quartz veining and strong iron oxides. The sample also returned >100 g/t silver and over limit assays of silver and other pathfinder elements are currently in progress. Follow up work is currently in progress to determine if this an extension of a known target or a new zone of mineralization.

Eight samples from approximately 100m east of the previously released RAB drilling results returned values ranging from 0.152 – 134.6 g/t Au, averaging 28.7 g/t Au, and one sample greater than 1,000 g/t silver and are associated with eastern projections of the V3 to V6 zones. The mineralized samples consist of stock work to lode style quartz veining, brecciation, and strongly sericite-clay altered felsic gneiss with abundant iron-oxide filled fractures and scorodite staining. Disseminated to massive (>50%) pyrite, arsenopyrite, galena, and locally visible gold mineralization is associated with the samples. Four of the samples also returned >1% Pb and/or >100 g/t Ag and over limit assays of pathfinder elements are in progress for these samples.

Significant results from the Vertigo target are detailed in the table below:

SampleTargetAu (g/t)
1516565Vertigo1.14
1516570Vertigo19.60
1516572Vertigo132.90
1598727Vertigo15.70
1598729Vertigo134.60
1664862Vertigo1.11
1664863Vertigo13.10
1664865Vertigo46.20
1664866Vertigo2.62
1664868Vertigo139.90
1664925Vertigo2.64

Suspicion Target Results
Significant results from the Suspicion target were encountered at the southern end of the target area, beyond the limits of historic soil sampling. Five rock grab samples collected over a 150m trend returned values from 0.761 – 41.8 g/t Au; averaging 15.7 g/t Au. The mineralization is association with elevated Ag, Bi, and Pb and is very similar to the Vertigo target.

Significant results from the Suspicion target are detailed in the table below:

SampleTargetAu (g/t)
1411916Suspicion41.80
1411917Suspicion20.70
1598744Suspicion7.03
1598745Suspicion8.23

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/11d6f667-21bb-4353-8366-82fb00c104d3

http://www.globenewswire.com/NewsRoom/AttachmentNg/c281b2ff-3c0e-4e7a-ad8b-744e9b606751

http://www.globenewswire.com/NewsRoom/AttachmentNg/2228c565-27ec-4d4d-9e10-403ea743654d 

Vertigo Target
The Vertigo target is located on the Company’s JP Ross property, approximately 75km south of Dawson City, Yukon and 25km north of its Golden Saddle deposit. The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of an existing road.

Mineralization on the Vertigo consists of brecciation, quartz veining, and strong sericite alteration with disseminated to vein-controlled pyrite, arsenopyrite, galena, bismuthinite and locally visible gold. At least 10 individual zones (V1 to V10) are currently recognised over a 1,100m x 1000m area, with individual zones having been traced up to 400m along strike and all are currently open along strike and at depth. The mineralized zones are associated with a series of W-NW trending, steeply dipping structures and splays associated with a regional-scale fault system that has been traced over 12km. Four additional target areas are currently recognised along this trend and follow-up geologic mapping and prospecting is ongoing.

Suspicion Target
The Suspicion target is located on the Company’s JP Ross property, approximately 4.1km to the SE of the Vertigo target. The unexplored target is associated with a gold in soil anomaly of up to 4263 ppb Au.

Based on geologic mapping conducted in the area, six NE trending structural zones associated with alteration and quartz veining are currently recognised. It is associated with strongly sericite altered felsic gneiss with stock work quartz veining, brecciation, strong iron oxide development, and, locally, visible gold. Geologic mapping and prospecting is ongoing in the area and the target will be tested with RC drilling.

JP Ross Property
The JP Ross property is comprised of 2,251 quartz claims covering over 46,000 hectares of exploration ground which currently has at least 14 known anomalous trends including the Vertigo and Suspicion, and numerous placer gold bearing creeks. The property is located 25km north of the Company’s flagship White Gold property which has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold and 55km north of the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE:GG) with a M&I gold resource(2) of 4.1M oz. Historic exploration performed on the JP Ross property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592m of diamond drilling over 64 holes. 14 target areas are currently known and large portions of the property are unexplored. Key areas identified as priorities in 2018 include the Vertigo, Rebecca and Sabotage Trends.  Historic work on the Vertigo target(1) produced trench results of 4.28 g/t Au over 5m within a broader sampling range of up to 1.05 g/t Au over 45m, and a historic drill hole which intersected 17.9 g/t Au over 1 m.

  1. Reported in Yukon Assessment Report #096205
  2. Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

About White Gold Corp.
The Company owns a portfolio of approximately 20,000 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. with a M&I gold resource(2) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(2) of 8.9M oz Au and 4.5B lb Cu. The Company has outlined an aggressive exploration plan backed by partners Agnico Eagle Mines Limited and Kinross Gold Corp. For more information visit www.whitegoldcorp.ca.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as 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 materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold and JP Ross properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold and JP Ross properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

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Metals and Mining Expert Corner - David Stein of Aerecura Capital Corp.

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Investorideas.com talks metals and mining with David Stein of Aerecura

David Stein

Aerecura Capital Corp Discusses the Mining Sector and Alternative Financing Options for Juniors

"2016 was an oasis year in what has been a long desert for financing junior miners" - David Stein, MSc., CFA

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Mining Stocks Directory

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49 North Resources Inc. ( TSX:FNR.V ) is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.

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Abacus Mining & Exploration ( TSX:AME.V ) is an exploration and mine development company with a 43-101 compliant positive preliminary economic assessment report (June 22, 2009) for its Ajax copper-gold project located 10 km southwest of Kamloops, British Columbia. Sensitivity analyses therein indicate a NPV of $1.46 billion discounted 8% over a 23 year mine life, with an IRR of 35.4%, cash costs of $0.90 per pound copper, and payback of 2.0 years using metal prices approximating US$3.00 per pound copper and US$1,000 per ounce gold. The Ajax extension remains open along strike and at depth. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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Abcourt Mines ( TSX:ABI.V ; OTCPK:ABMBF ) is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with 43-101 gold resources, the Abcourt-Barvue Project with 43-101 silver-zinc ore reserves and resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time the company is working on other projects (Aldermac, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2009, for the Elder Mine. A positive 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased.

Aberdeen International ( OTCPK:AABVF ) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector

Abington Resources Ltd. ( TSX:ABL.V ) is engaged in the acquisition, exploration, development and production of precious metals and natural resources.

Abitex Resources Inc. ( TSX:ABE.V ) is an exploration company based in Val d'Or, Quebec which is focused on acquiring and advancing uranium properties in Quebec.

ABM Resources Ltd ( ASX:ABU.AX ) explores for various mineral properties, principally gold, uranium, zinc, lead, and copper in Australia, Mozambique, and Zambia. Its principal properties include Mimosa gold property in Mozambique; Broads Dam, Erayinia, Gascoyne, and Harbutt Range properties in Western Australia; and Myunga and Kandole Hill copper and gold properties in Zambia.

Abzu Gold Ltd. ( TSX:ABS.V ) is a gold exploration and development company working in Ghana, Africa's 2nd largest gold producer and host to some of the world's largest gold deposits. Ghana has strong land title laws and is one of the world's most mining-friendly jurisdictions. Abzu has invested several years developing local and national relationships, key to its strategic land position on over 360 square kilometres of highly sought after and productive gold belts.

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