Vancouver, British Columbia–(Newsfile Corp. – May 27, 2021) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") is pleased to provide an update on the Company's exploration strategy and program for its 100% owned Wheaton Creek Gold and Haskins-Reed polymetallic properties.

Wheaton Creek:

The recommended exploration includes:

• Site visit by the VP Exploration & VP Operations

• Airborne magnetic geophysics survey

• Geochemical soil survey

Diamond drilling is expected to commence in June following an initial reconnaissance by Pacific Bay staff.

From Pacific Bay Minerals' VP Exploration, Sebastien Ah Fat, P.Geo., "Wheaton Creek is a fairly underexplored prospect. We're giving it a fresh look and applying a new understanding of the geology in the area as part of our exploration strategy. It is once again an exciting property for the Company and we look forward to the results of our exploration campaign later this summer."

Wheaton Creek Highlights:

• 3,019 hectares of mineral tenures 100% owned by the Company

• 1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold

• 5-year multi-year area based (MYAB) permit in good standing

• Notice of work (NOW) application approved

Haskins-Reed:

The Haskins-Reed Polymetallic Property remains a project of merit for the Company. Work is ongoing by the management team to compile data from the historical work conducted (including 200+ drill holes into multiple mineralized zones) in order to identify additional opportunities for shareholder value creation including additional exploration/development and/or joint-venture agreement.

Haskins-Reed Highlights:

• 3,930 hectares of mineral tenures 100% owned by Pacific Bay Minerals

• High-grade carbonate replacement deposit similar to Coeur's Silvertip mine.

• 2011 high grade intercept of 102.59 grams per tonne of silver over 13.95 metres

• Adjacent to Cassiar Gold's:

  • Taurus (1M oz gold inferred resource)

  • Table Mountain (past producing and permitted high grade gold mine).

Note: all above reported intercepts are core lengths only as the true width of the structures has not yet been determined.

Corporate Development:

In addition to work being done on current portfolio properties, the Company has been active in implementing its strategic growth plan. Given strong precious metals markets, the management team continues to evaluate accretive acquisitions of brownfield projects meeting specific target criteria including those where:

• Early exploration has been completed

• Established resource with the potential for expansion

• Near term pathway to commercial production and sustained cashflow

Additional fundraising and corporate development activities are planned for the third/fourth quarter of 2021 to meet the Company's growth objectives.

The Company's VP of Operations, Antonio Vespa, comments, "Our vision is to eventually become a junior metals producer. Our management team is doing great work in bringing forth projects to evaluate that meet our criteria and could potentially help us drive shareholder value."

Sebastien Ah Fat, P.Geo., a Qualified Person as defined by National Instrument 43-101, approved the technical information in this release.

On Behalf of the Board of Directors
David Brett, CEO
dbrett@pacificbayminerals.com
(604) 682-2421

Helder Carvalho, Vice President, Corporate Development
hcarvalho@pacificbayminerals.com

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to the expected use of proceeds of the Financing. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85427

VANCOUVER, British Columbia, May 27, 2021 (GLOBE NEWSWIRE) — George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that the Company has engaged NowMedia Group Inc. of Kelowna, B.C. to provide social media branding and marketing services. The term of the engagement will be six months and renewable on a monthly basis thereafter at a rate of $3,000 per month. The Company will grant Now Media an option to purchase 150,000 common shares at a price of $0.12 per share for a period of two years, so long as the engagement is in effect.

A video highlighting the Kettle Valley gold/silver project has been posted on Goldcliff’s website in the “Media Room” section.

For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.

GOLDCLIFF RESOURCE CORPORATION

Per: “George W. Sanders”

George W. Sanders, President

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

KELOWNA, BC / ACCESSWIRE / May 27, 2021 / Diamcor Mining Inc. (TSX-V.DMI / OTCQB-DMIFF), ("Diamcor" or, the "Company") today announced it is proceeding with the expansion of processing facilities at the Company's Krone Endora at Venetia Project (the "Project"). The Company originally targeted the expansion for 2020; however, due to the events surrounding the COVID-19 pandemic and associated public health restrictions implemented in South Africa, those plans were intentionally delayed in an effort to lower expenses and capital expenditures during that time. The Company's Chief Operating Officer, Dr. Kurt Petersen, has outlined a strategy based on an extensive ongoing evaluation of the Project's heavy equipment fleet, operations, processing plants, final recovery systems, mineral resource management and rehabilitation commitments.

The expansion is targeted to take place in two phases. The first phase will be aimed at doubling the current processing volumes in the near-term, with the second aimed at finalizing the Project's mining and processing scheme to significantly enhance long-term processing volume capabilities as part of the Company's overall long-term mineral project management strategy. These plans are not expected to affect the on-going processing efforts currently underway. The initial phase will consist of a new final x-ray recovery process aimed at increasing diamond recovery efficiencies, and additional processing equipment to improve bulk materials reduction. Planned completion for this initial phase is prior to the end of the Company's second quarter ending September 30, 2021.

A second larger phase will focus on completing the groundwork necessary for future expansion capabilities. The Company plans to consolidate its current facilities to further increase throughputs, reduce the overall processing footprint and unit costs, and minimize environmental disturbance. Additional heavy equipment will also be added if required to support these objectives. This overall strategy will be supported by the parallel activities of drilling and bulk sampling of prospective target areas of the Project, which is scheduled to commence prior to the end of 2021.

"We are very pleased with this blueprint for expansion completed by our team", stated Mr. Dean Taylor, Diamcor CEO. "The expansion and further refinement of our facilities is simply a continuation of our pre-COVID-19 plans to support future growth, with the two-stage approach designed to increase volumes and revenues in the near-term, with the goal to fund our planned expansion through increased cash flow".

About Diamcor Mining Inc.

Diamcor Mining Inc. is a fully reporting publicly traded junior diamond mining company which is listed on the TSX Venture Exchange under the symbol V.DMI, and on the OTC QB International under the symbol DMIFF. The Company has a well-established operational and production history in South Africa and extensive prior experience supplying rough diamonds to the world market.

About the Tiffany & Co. Alliance

The Company has established a long-term strategic alliance and first right of refusal with Tiffany & Co. Canada, a subsidiary of world-famous New York based Tiffany & Co., to purchase up to 100% of the future production of rough diamonds from the Krone-Endora at Venetia Project at then current prices to be determined by the parties on an ongoing basis. In conjunction with this first right of refusal, Tiffany & Co. Canada also provided the Company with financing to advance the Project. For additional information on Tiffany & Co., please visit their website at www.tiffany.com.

About Krone-Endora at Venetia

In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De Beers Consolidated Mines Limited, consisting of the prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia Diamond Mine in South Africa. On September 11, 2014, the Company announced that the South African Department of Mineral Resources had granted a Mining Right for the Krone-Endora at Venetia Project encompassing 657.71 hectares of the Project's total area of 5,888 hectares. The Company has also submitted an application for a mining right over the remaining areas of the Project. The deposits which occur on the properties of Krone and Endora have been identified as a higher-grade "Alluvial" basal deposit which is covered by a lower-grade upper "Eluvial" deposit. The deposits are proposed to be the result of the direct-shift (in respect to the "Eluvial" deposit) and erosion (in respect to the "Alluvial" deposit) of material from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits on Krone-Endora occur in two layers with a maximum total depth of approximately 15.0 metres from surface to bedrock, allowing for a very low-cost mining operation to be employed with the potential for near-term diamond production from a known high-quality source. Krone-Endora also benefits from the significant development of infrastructure and services already in place due to its location directly adjacent to the Venetia Mine.

Qualified Person Statement:

Mr. James P. Hawkins (B.Sc., P.Geo.), is Manager of Exploration & Special Projects for Diamcor Mining Inc., and the Qualified Person in accordance with National Instrument 43-101 responsible for overseeing the execution of Diamcor's exploration programmes and a Member of the Association of Professional Engineers and Geoscientists of Alberta ("APEGA"). Mr. Hawkins has reviewed this press release and approved of its contents.

On behalf of the Board of Directors

Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc.
www.diamcormining.com

For further information contact:

Mr. Dean H. Taylor
Diamcor Mining Inc
DeanT@Diamcor.com
+1 250 862-3212

Mr. Rich Matthews
Integrous Communications
rmatthews@integcom.us
+1 (604) 355-7179

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgement, they are subject to a variety of risks and uncertainties that are beyond the Company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Further, the Company expressly disclaims any obligation to update any forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

WE SEEK SAFE HARBOUR

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.

SOURCE: Diamcor Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/649381/Diamcor-Resumes-Expansion-Plans-to-Increase-Processing-Volumes

In the past three years, the share price of Gem Diamonds Limited (LON:GEMD) has struggled to grow and now shareholders are sitting on a loss. Despite positive EPS growth in the past few years, the share price hasn't tracked the fundamental performance of the company. Shareholders may want to question the board on the future direction of the company at the upcoming AGM on 02 June 2021. They could also try to influence management and firm direction through voting on resolutions such as executive remuneration and other company matters. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.

See our latest analysis for Gem Diamonds

How Does Total Compensation For Clifford Elphick Compare With Other Companies In The Industry?

At the time of writing, our data shows that Gem Diamonds Limited has a market capitalization of UK£97m, and reported total annual CEO compensation of US$1.3m for the year to December 2020. That's a notable increase of 10% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$645k.

On comparing similar-sized companies in the industry with market capitalizations below UK£142m, we found that the median total CEO compensation was US$221k. Accordingly, our analysis reveals that Gem Diamonds Limited pays Clifford Elphick north of the industry median.

On an industry level, around 63% of total compensation represents salary and 38% is other remuneration. In Gem Diamonds' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Gem Diamonds Limited's Growth Numbers

Over the past three years, Gem Diamonds Limited has seen its earnings per share (EPS) grow by 45% per year. In the last year, its revenue is up 4.2%.

Shareholders would be glad to know that the company has improved itself over the last few years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Gem Diamonds Limited Been A Good Investment?

The return of -36% over three years would not have pleased Gem Diamonds Limited shareholders. So shareholders would probably want the company to be less generous with CEO compensation.

In Summary…

Shareholders have not seen their shares grow in value, rather they have seen their shares decline. The stock's movement is disjointed with the company's earnings growth, which ideally should move in the same direction. Shareholders would be keen to know what's holding the stock back when earnings have grown. The upcoming AGM will be a chance for shareholders to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company.

CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. That's why we did our research, and identified 3 warning signs for Gem Diamonds (of which 1 is significant!) that you should know about in order to have a holistic understanding of the stock.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) announces that it intends to complete a best efforts non-brokered private placement flow-through financing of up to 20,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the “Offering”). Each Unit will be issued on a “flow-through basis” and consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.07 for a period of 24 months from issuance.

Closing of the Offering is expected to occur on or about June 30, 2021. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange (“TSXV”) approval. Finder’s fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 7% of the gross proceeds raised under the Offering and finder warrants (“Finder Warrants”) in an amount equal to up to 7% of the number of Units sold pursuant to the Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.07 per share for a period of 24 months following the closing date of the Offering. The Company intends to use the net proceeds of the Offering to fund exploration expenditures on its Vallee, Pressiac, Lacorne and Baillarge lithium mining properties and for general corporate purposes.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX-V and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.

For more information:

www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800

Cautionary statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Offering, including the Company’s intended use of proceeds, closing conditions and timing and other matters relating thereto. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NEITHER 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.

Figure 1

Mythril regional location

Figure 2

Mythril showings

Figure 3

Mythril mineralized system

Figure 4

Mineralized boulders 1

Figure 5

Mineralized boulders 2

Figure 6

Galadriel showing

Figure 7

Gold-bearing floats

Figure 8

Drilling 2019 Best results

Figure 9

High grade Cu intersections

Figure 10

CuAu Ratios

Figure 11

Drilling 2021 3D-Targets

MONTREAL, May 27, 2021 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report that drilling will resume on its Mythril Cu-Mo-Au-Ag project, wholly owned by Midland and located in Eeyou Istchee James Bay, Quebec. In late 2018, Midland discovered Mythril by prospecting and concluded a strategic investment with BHP Billiton Canada Inc. (“BHP”) during the spring of 2019 totalling $5.85 million for copper exploration in Quebec. A minimum 2,000-metre campaign will test new targets generated by a new 3D Leapfrog Geo model and is starting early June 2021.

Mythril: A significant Cu-Mo-Au-Ag surface discovery in James Bay

The Mythril copper-molybdenum-gold-silver (Cu-Mo-Au-Ag) zone consists of a series of mineralized subcropping boulder fields and Cu-Mo-Au-Ag showings occurring now over a distance of more than 3 kilometres. Located about 7 kilometres south of the Trans-Taïga road and hosted in Archean rocks of the Superior Province, a first nine days of prospecting in 2018 highlighted the discovery of 11 new surface Cu-Mo-Au-Ag and 2 molybdenum-only showings, yielding values such as 2.74% Cu, 0.44 g/t Au, 0.06% Mo and 24.3 g/t Ag over 2.7 metres in a channel on the Celeborn showing. Fifty-seven (57) grab samples from mineralized outcrops along 2 km strike length returned an average of 2.03% Cu, 0.48 g/t Au, 0.18% Mo and 18.3 g/t Ag. One hundred and sixteen (116) mineralized boulders were found, yielding an average of 1.92% Cu, 0.87 g/t Au, 0.11% Mo and 20.7 g/t Ag.

Table 1: Summary of the best Cu-Au-Mo-Ag showings found in 2018

*Note that grab samples are selective by nature and values reported are not representative of mineralized zones. Results from grab samples were disclosed in the November 6, 2018 and October 16, 2018 press releases.

Table 2: Summary of the best boulders found in 2018

*Metal prices used to calculate CuEq.: Au $1,285/oz, Cu $2.77/lb, Ag $15/oz, Mo $10.90/lb. Metal recovery is assumed to be 100%.

Table 3: Summary of the best channel results from the Celeborn and Galadriel showings

**Note that the true thickness of mineralized intervals cannot be determined at this time with the information currently available.

A dipole-dipole induced polarization (IP) geophysical survey performed during the winter of 2019 indicated a large zone (more than 2 kilometres long by hundreds of metres wide) of anomalously high chargeability coupled with decreases of resistivity that is remarkably coincident with known Cu-Au-Mo-Ag mineralized showings and boulder fields, as well as Cu-Mo soil anomalies (see press release by Midland dated February 28, 2019).

Several new mineralized boulder fields were found in 2019 by further prospecting, located several kilometres north and northeast of the previously known Mythril showings (see press releases by Midland dated November 7, 2019 and September 5, 2019). A first occurrence of predominantly gold mineralization on Mythril was found in one of these boulder fields, to the northeast of the main trend. The gold-bearing boulders (2.84 g/t Au; 2.83 g/t Au; 0.59 g/t Au; grab samples) contain low copper (<0.15% Cu) and molybdenum (<0.01% Mo) values and consist of pyrite (up to 1%), magnetite and trace chalcopyrite in a biotite-altered granodiorite. These new 2019 boulder fields made it possible to observe a systematic increase of gold versus copper content to the east and north of the project. This type of multi-kilometre-scale variation is typical of large-scale hydrothermal systems. These new highly prospective areas were covered by an extensive IP geophysical survey in the winter of 2020 (see press release by Midland dated August 11, 2020).

Three diamond drilling campaigns were conducted in 2019 following the IP survey, which yielded grades up to 1.07% Cu, 0.37 g/t Au and 8.87 g/t Ag (1.41% CuEq.*) over 12.55 metres intersected in drill hole MYT-19-06 (see press release by Midland dated May 16, 2019). The drilling phases successfully identified an anomalous Cu-Mo-Au-Ag halo on the project and permitted the creation of a 3D Leapfrog Geo model. The best drilling results are summarized below. Note that the true thickness of reported drill intervals cannot be determined with the information currently available.

• Phase 1 (published on May 16, 2019): MYT-19-06: 1.07% Cu, 0.37 g/t Au and 8.87 g/t Ag (1.41% CuEq.*) over 12.55 metres.

• Phase 2a (published on July 30, 2019): MYT-19-11 (1300E): 1.34% Cu, 0.69 g/t Au, 0.04% Mo and 9.54 g/t Ag (2.04% CuEq.*) over 9.00 metres.

• Phase 2b (published on September 5, 2019): MYT-19-24 (200E): 1.61% Cu, 0.09 g/t Au, 0.01% Mo and 6.7 g/t Ag (1.77% CuEq.*) over 3.12 metres.

• Phase 3 (published on November 5, 2019): MYT-19-33 (1200E): 0.11% Cu, 0.06 g/t Au and 2.7 g/t Ag (0.19% CuEq.*) over 93.1 metres.

New targets generated from the new 3D model and drilling campaign (2,000 m)

During the past year, a 3D geological model of mineralization in the main area of the Mythril project was built using Leapfrog Geo, to improve our understanding of the controls of the mineralized system and define new drilling potential. A total of 10 drilling targets were generated by studying relationships between known geology, alteration and geophysics in the model, for a total of 2,500 metres, of which 2,000 metres will be drilled during this program.

Modelling of the mineralized envelope was carried out to determine where gaps of information on Cu-Au-Mo-Ag mineralization were associated with favourable geological and geophysical settings to expand the mineralized halo. Such targets include untested areas of IP chargeability anomalies between open drill hole intersections as well as protuberant magnetic anomalies on the 3D magnetic inversion model occurring near the conglomerate contact to the south. The magnetic 3D anomaly targets aim towards magnetite-bearing Cu-Mo-Au-Ag mineralization such as those observed on surface at the Liv and Luthien showings.

The gold-bearing boulders found in 2019 to the northeast of the main trend were found to coincide with an IP anomaly and will also be tested during this drilling phase.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as BHP, Probe Metals Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM INC., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.

This press release was prepared by Mario Masson, VP Exploration for Midland, certified geologist and Qualified Person as defined by NI 43-101. For further information, please consult Midland’s website or contact:

Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977
Fax: 450 420-5978
Email: info@midlandexploration.com

Website: www.explorationmidland.com

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

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland’s periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d2cade7a-f863-491b-8b75-fceb13ac43dd

https://www.globenewswire.com/NewsRoom/AttachmentNg/168e023f-45fd-455e-87c8-25f57af30689

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https://www.globenewswire.com/NewsRoom/AttachmentNg/90e2f9fe-2af2-4552-9313-f1690f7900a8

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VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / GREAT ATLANTIC RESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it has begun the 2021 exploration program at its Golden Promise Gold Property, located in the central Newfoundland gold belt. Exploration is underway in the northern region of the property to define trenching and drilling targets. Two rock samples collected by the Company during 2017 from quartz float in this region returned 57.5 and 200 grams / tonne gold (Company News Release of August 28, 2017). This is referred to as the Branden float occurrence.

Great Atlantic is currently conducting prospecting and rock / soil geochemical sampling in the area of the Branden float occurrence. Following this work, the Company will continue the 2021 exploration program on multiple target areas throughout the property. Planned work consists of prospecting, rock / soil geochemical sampling, geophysical surveys, trenching and diamond drilling. The Company is preparing trenching and diamond drilling permit applications for priority areas including the Jaclyn Zone, the Otter Brook gold showing and a zone of gold soil geochemical anomalies within the southwest region of the property (referred to as Soil Anomaly No. 1).

The Golden Promise Property hosts gold bearing quartz veins in various regions of the property including the Jaclyn Zone, Shawn's Shot vein, Otter Brook showing, Linda / Snow White quartz vein system and the Gabbro occurrence. Great Atlantic confirmed high-grade gold at the Jaclyn Main Zone during 2019 drilling, including core length intercepts of 113.07 grams / tonne (g/t) gold over 0.55 meters and 61.35 g/t gold over 2.04 meters. The Company confirmed gold mineralization at the Otter Brook showing during 2020 including an outcrop grab sample returning 5.75 g/t gold. In addition to the high-grade float at the Branden float occurrence Great Atlantic has confirmed high grade quartz vein float at the Jaclyn North Subzone (including samples returning 157.5, 163.9, 208.5 and 332.6 g/t gold). Please see the Company's website for news releases reporting previous work.

The Golden Promise Property is located within a region of recent significant gold discoveries. The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the RIL. The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, and Queensway Project is not necessarily indicative of mineralization on the Golden Promise Property.

Great Atlantic reported a National Instrument 43-101 mineral resource estimate for the Jaclyn Main Zone (JMZ) in late 2018 (Company News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the JMZ is as follows:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
Mineral resource tonnage and grades are reported as undiluted.
Contained Au ounces are in-situ and do not include recovery losses.

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the JMZ was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm³ was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID²) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drill holes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

"Christopher R Anderson"

Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
604-488-3900 – Dir

Investor Relations:
Please call 604-488-3900

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. 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 developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Neither 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 Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

SOURCE: Great Atlantic Resources Corp.

View source version on accesswire.com:
https://www.accesswire.com/649455/Great-Atlantic-Begins-2021-Exploration-Program-at-Its-100-Owned–Golden-Promise-Gold-Property–Central-Newfoundland

35 RC drill holes completed with gold discoveries confirmed at both Diplomat and Treasure

Vancouver, British Columbia–(Newsfile Corp. – May 27, 2021) – Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to provide initial assay results from the reverse circulation ("RC") drill program at its Reliance Gold Property (the "Property") in southern British Columbia. Gold assay results from the first five (5) of the total thirty-five (35) RC holes have identified a new high-grade gold discovery at the Diplomat Zone and have also demonstrated that the Treasure Shear is a gold mineralized structure. Both discoveries significantly open up new exploration potential on the Property. The Property is located 4 kilometres ("km") east of the village of Gold Bridge with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

Gold Results – The following table summarizes the best gold results from the initial five (5) holes with assay results:

"These encouraging results from the first-ever documented drill testing of the Diplomat Zone and the Treasure Shear dramatically expand the exploration potential for the Reliance Property. The high-grade intersection at Diplomat is a new discovery and further demonstrates that Reliance hosts a largely unexplored "Epizonal" Orogenic gold mineralizing system over the two-kilometer long Royal Shear-Treasure Shear trend" stated Robert Boyd, CEO of Endurance Gold "In addition, we are encouraged that our initial pXRF scanning of all the other 2021 RC drill holes suggest potential for further encouraging gold intersections, once assayed."

The Diplomat Zone is situated in the footwall of the Royal Shear and the potential was initially identified in the Company's 2020 geological mapping and soil sampling program. Diplomat is located 170 m northwest of the Imperial Zone and 625 metres ("m") northwest of the Eagle Zone. Nine holes have been completed at Diplomat with results received on five (5) RC Holes. Highlight gold assay results from hole RC21-024 include 16.39 grams per tonne gold ("gpt Au") over 4.57 m commencing at 71.63 m down-hole associated with a quartz, pyrite and arsenopyrite vein stockwork zone. Other intersections at Diplomat include 2.64 gpt Au over 9.14 m (from 1.52 m), 2.56 gpt Au over 7.62 m (from 6.10 m), 2.62 gpt Au over 6.10 m (from 51.82 m) and 6.34 gpt Au over 1.52 m (from 38.10 m in RC21-024 that also hosts the high-grade gold intersection). True widths are estimated to be approximately 80% of the reported drill intersections.

The Treasure Shear is a northeast southwest trending geographic linear feature located parallel to and about 300 meters east of the Royal Shear and is interpreted as the footwall bounding structure for the Royal Shear complex, a deep-seated regional structure. The Treasure Prospect is located 465 m northwest of the Imperial Zone and 875 m northwest of the Eagle Zone where a portion of the Treasure Shear is exposed in a road-cut. Three RC holes tested this structure with gold results reported herein on the first of these three drill holes. RC21-021 intersected 1.6 gpt Au over 6.1 m commencing at 35.05 m downhole. This intersection confirms that the Treasure Shear has potential to host wide zones elevated in gold similar to the Royal Shear and provides largely untested strike potential of an estimated two km. Location of the 35 RC Holes completed in 2021 are appended below or available here.

Portable X-Ray Fluorescence ("pXRF") Arsenic Results – pXRF of the RC reference samples has identified significantly enriched arsenic ("As") in 22 of the 35 RC drill holes completed. Gold and ICP analysis has only been completed on five (5) of these twenty-two (22) holes as summarized above. The widest and strongest arsenic mineralized intervals identified with the pXRF to date are summarized in the table below:

As reported in May 10, 2021, pXRF As-enriched zones have been identified on the Treasure Prospect, the Diplomat Zone, and in step out drilling at the Eagle Zone. Not previously reported is the identification of a pXRF elevated arsenic at the Crown Zone, located between the Eagle and Imperial Zones and an additional RC hole completed recently at the Imperial Zone. Location of the gold and pXRF arsenic intersections for the Diplomat Zone and Treasure Prospect are appended below or available here. Location of the pXRF arsenic intersections for the 2021 RC Holes at the Eagle Zone are appended below or available here.

As reported on January 6, 2021, the pXRF technique does not report quantifiable gold but previous work by the Company has shown that arsenic has a strong positive correlation with gold mineralization on the Reliance Property. The drill assay results reported on March 16, 2021 from the Company's 2020 RC program, and the gold assay results reported in this release, confirmed the pXRF arsenic intervals ultimately identified gold mineralized intervals at the Eagle, Imperial, Diplomat and Treasure Zones.

Property Activity – The planned RC drill program is now complete with a total of 35 holes completed. Some of the proposed RC holes have been deferred to a diamond drilling campaign later in the season due to water inflow problems which may impact RC sample quality and the presence of intrusive dykes which will need to be better constrained with diamond drilling. A total of 758 RC samples from 29 remaining RC holes drilled have been submitted to the laboratory for gold assay and multi-element ICP analysis. Complete gold assay results will be reported when received. The 3DIP geophysical crew completed their survey and demobilized from the Property. Results from the RC drilling and 3DIP geophysics will be used to assist in defining and prioritizing diamond drill targets for later in the season. A program of soil and biogeochemistry will commence shortly.

Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com

RC samples were collected under the supervision of a geologist at the drilling rig. Drilling was completed using a 3.5 inch hammer bit and rock chip samples were collected using a cyclone. Sample size were reduced to 1/8th size with a riffle splitter at the drilling rig. A second duplicate split and coarse chips were collected for reference material and stored. All RC samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 ppm gold are re-analyzed by Au-GRA21 methodology and over limit antimony returning greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology. The pXRF analysis was conducted by a Company geologist at the project site within 24 hours of drilling on the complete 1/8th duplicate split reference material. An Olympus Vanta XRF Analyzer was used for the analysis which is capable of measuring elements from concentrations as low as single parts per million (ppm). The work program was supervised by Darren O'Brien, P.Geo., an independent consultant and qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release.

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. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

Reliance Property: 2021 Reverse Circulation Drilling

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Reliance Property: Treasure and Diplomat Zones, 2021 RC Drilling Gold Assays and pXRF

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Reliance Property: Eagle & Eagle South Zones, 2021 RC Drilling Arsenic by pXRF

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85479

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) filed a request for arbitration with the International Centre for Settlement of Investment Disputes (ICSID) on 8 January 2021. Subsequently on the 9 February 2021 the Secretary-General of the ICSID registered Montero’s request for the institution of arbitration proceedings against the Government of Tanzania for the illegal expropriation and loss of its Wigu Hill rare earth element Project.

Currently, ICSID is in the process of constitution of the arbitral tribunal. Montero and Tanzania (the “Parties”) have both appointed their respective arbitrator and now have to agree on a third arbitrator, who shall be the president of the tribunal at which point ICSID will then request the parties to make a deposit of US$150,000.

Montero has initiated international arbitration proceedings through ICSID in accordance with the Bilateral Investment Treaty between Canada and the United Republic of Tanzania which protects investment rights. A multi-million compensation award is being sought by Montero for expropriation of the Wigu Hill Rare Earth Element Project by the Government of Tanzania. This is as a result of damages suffered by the Company as a result of Tanzania’s Act and Omissions.

Montero is not able to make any comment in relation to the potential quantum of any claim for compensation at this point. Montero has obtained third-party litigation funding from Omni Bridgeway, a leading global dispute funder. Montero has retained Mr Thierry Lauriol and his team at Jeantet AARPI, a highly experienced legal counsel in international arbitration with a track record of success for its clients in Africa. Most recently at ICSID representing GDF-Suez vs the Government of Togo with an award of €55 million. Montero has also retained the services of Dr Neal Rigby of SRK Denver to act as its independent technical expert for the valuation of Wigu Hill. Dr Rigby has acted in this capacity in many successful international mining litigations involving ICSID arbitrations. In Africa he was the independent technical expert in the US$136 million award to the previous shareholders of Africo Resources in the DRC.

For further information see Montero press release (PR119 dated 8 January 2021) and from the ICSID website (https://icsid.worldbank.org/services/arbitration/convention/process/overview).

Qualified Person's Statement
This press release was reviewed and approved by Mr. Mike Evans, M.Sc. Pr.Sci.Nat. is a qualified person for the purpose of National Instrument 43-101. This has also been reviewed by Mr Thierry Lauriol, avocat à la cour (Paris, France).

About Montero
Montero is a junior exploration company focused on finding, exploring, and advancing globally significant gold deposits in Latin America. The Company is in the process of relinquishing its portfolio of battery metal projects in Africa to focus on gold opportunities in Latin America. Montero’s board of directors and management have an impressive track record of successfully discovering and advancing precious metal and copper projects. Montero trades on the TSX Venture Exchange under the symbol MON and has 38,647,485 shares outstanding.

For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: ir@monteromining.com
Tel: +1 416 840 9197 | Fax: +1 866 688 4671
www.monteromining.com

Neither 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates with respect to the Share Consolidation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or 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”. Such information is based on information currently available to Montero and Montero provides no assurance that actual results will meet management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results, level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information. Actual results relating to, among other things, completion of the agreement, results of exploration, project development, reclamation and capital costs of Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: an inability to complete the agreement on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements. These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Gold has long been regarded as a safe haven in times of market turmoil. Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Some of the major players in the gold industry include Canada-based Franco Nevada Corp.

Vancouver, British Columbia–(Newsfile Corp. – May 27, 2021) – Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the appointment of Erick Underwood as Chief Financial Officer ("CFO") to its senior management team.

Mr. Underwood brings over 25 years of international experience in accounting, financial management and corporate development in the mining industry including 14 years while being based in Chile and Peru. Most recently, Erick was the Finance Director at Cia. Minera Zafranal SA owner of the Zafranal copper project ("Zafanal") in southern Peru (Teck Resources Ltd. and Mitsubishi Materials Corporation joint venture). Previously, he was the Chief Financial Officer of AQM Copper Inc., a TSX-V listed company where he contributed to the development of the Zafranal project and subsequent sale of AQM Copper Inc. to Teck Resources Ltd.

Mr. Underwood has also worked as an independent Business Planning consultant to several major mining companies including Newmont-Barrick (Norte Abierto), Marcobre (Mina Justa) and Teck Resources Ltd. (Highland Valley Copper). His prior experience also includes senior management positions with Cia. Minera Antamina and BHP Billiton Base Metals. Erick played key roles in securing approval for investment projects such as Highland Valley Copper ($475 million mine extension and mill modernization), Antamina ($1.3 billion 130,000 tpd expansion) and Spence ($950 million greenfield project).

Mr. Alan Pangbourne, Chief Executive Officer, states, "We are very pleased to welcome Erick to the executive team. Erick's expertise and leadership with major project developments, operational analysis and finance will be an enormous asset as we advance the development of our Metates project. The Company also wishes to thank and recognize the efforts of Sam Wong, who has led the Company's finance function as CFO over the last nine years. We wish Sam continued success in his future endeavours."

About Chesapeake

Chesapeake Gold Corp. is focused on the discovery, acquisition and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc deposits in the Americas with over 18 million ounces of gold and over 500 million ounces of silver.

Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint") which owns the Talapoosa gold project in Nevada.

For Further Information:

For more information on Chesapeake and its Metates Project, please visit our website at www.chesapeakegold.com or contact Randy Reifel or Alan Pangbourne at 604-731-1094 or at invest@chesapeakegold.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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85540

VANCOUVER, British Columbia, May 27, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to announce another strong month of pre-production activities at the Company’s wholly owned Revenue-Virginius Mine in Ouray, Colorado. The Company remains on track with the guidance provided in its May 4, 2021 press release for production to ramp up during July 2021 and its target of reaching full production levels in September 2021. During the month of May, key underground activities included continued steady advance rates in the vertical development of the alimak raises. The #1 Alimak Raise development is nearly complete and ready for installation of the timber and hoist. The #3 Alimak Raise has reached the 1800 level. Crosscut development to intersect the main Virginius vein on the 1800 level is on schedule and process plant upgrades remain on track. Operations are fully staffed.

The Company also announces its filing on SEDAR of its Unaudited Financial Statement and Management Discussion and Analysis for the 1^st quarter 2021.

Lastly, the Company’s Board of Directors has approved the issuance of incentive stock options to purchase an aggregate of 6,120,000 common shares to management, employees, directors, and consultants to the Company. The options have a term of five years, with an exercise price per share of C$1.10, which represents approximately a 25% premium over the 30 day VWAP of Aurcana’s common shares on the TSX Venture Exchange. The options will vest over a period of three years. In line with the Company’s objective to incentivize its operating team and to create a culture where workers adopt an owner mindset, the options were awarded to all levels of employees at the Company’s wholly owned Ouray Silver Mines, Inc. (100% holder of the Revenue-Virginius Mine).

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101

ABOUT AURCANA CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

“Kevin Drover”
President & CEO

For further information, visit the website at www.aurcana.com or contact:
Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

CAUTIONARY NOTES
This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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.

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But if you buy shares in a really great company, you can more than double your money. For example, the First Majestic Silver Corp. (TSE:FR) share price has soared 132% in the last three years. That sort of return is as solid as granite. And in the last month, the share price has gained -0.5%. We note that First Majestic Silver reported its financial results recently; luckily, you can catch up on the latest revenue and profit numbers in our company report.

Check out our latest analysis for First Majestic Silver

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During three years of share price growth, First Majestic Silver moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. This free interactive report on First Majestic Silver's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

A Different Perspective

We're pleased to report that First Majestic Silver shareholders have received a total shareholder return of 66% over one year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 9% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 2 warning signs for First Majestic Silver that you should be aware of.

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Figure 1

Site plan of Exploration drilling completed at the Black Butte Project January-March 2021.

Figure 2

Pierce point map of Lowry lower zone showing location of SC21-256 intercept.

WHITE SULPHUR SPRINGS, Mont., May 27, 2021 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to provide an update on its winter 2021 exploration core drilling program (the “Exploration Program”), including the initial drill results for hole SC21-256 which intercepted 12.45m (metres) of 3.4% copper and 6.5 g/t silver in the Lowry Lower Zone which includes a core intercept of 4.65m of 6.0% copper and 14.6 g/t silver.

Table 1. Black Butte Copper 2021 Winter Exploration Drilling Program

Intercept calculations included a minimum of 2 samples above a 1% copper cutoff grade.

Drilling conducted by Timberline Drilling Inc. of Hayden Lake, Idaho. HQ3-sized core was collected. Drill holes were oriented with dips varying between -80 to -70 degrees in relatively variably dipping mineral zones. Intercepts may be slightly longer than true thickness.

After being logged and photographed in White Sulphur Springs, Montana, all mineralized zones were sampled by cutting half-core splits which were delivered to Bureau Veritas (“BV”) labs in Reno, Nevada for processing. BV crushed the entire sample to 85% passing 2mm then split off 1kg, which was ground to 85% passing 75 micron and wet-sieved the split to ensure grinding passed specifications and then assayed for gold by fire assay with AA finish. Base metals were analyzed using a 4-acid digestion and ICP-ES analysis. Various other trace and major elements were also analyzed utilizing ICP and XRF procedures. Sandfire America utilized a QA/QC protocol which included inserting Certified Reference Materials (CRM) on a minimum of 1 CRM in 20 samples insertion rate. Assays of duplicates, and blanks were also included as part of the QA/QC program.

Bureau Veritas labs are accredited by ISO/IEC 170205:2017 methods for North America.

The Exploration Program drilling, which completed in March 2021, focused on drilling new targets away from the fully permitted Johnny Lee area to expand the footprint of mineralization that could be accessed from the currently planned underground mine. Eight diamond drill holes were completed, with a total of 5,267m of core spread over four different target areas. All four target areas are outside of the area covered under the current Mine Operating Permit and will require further environmental assessment, a thorough permitting process and commercial studies before any decision to mine. Logging and sampling of the core is nearly complete, with most of the samples delivered to the Bureau Veritas mineral lab in Reno, Nevada.

SC21-256 was drilled in the southern portion of the Lowry Lower Zone (figure 1) where two isolated historic intercepts of copper in holes SC11-087 and SC11-083 had significantly higher grade and thickness than average for the zone (Table 2). This intercept confirms the presence and continuity of the higher grade-thicknesses in this area.

Table 2. Comparison of results of SC21-256 to intercepts in previous results from SC11-087 and SC11-083

SC11-087 results were reported in news releases dated January 19, 2012 and SC22-083 results were first reported in News Release dated March 1, 2012.

SC21-258 and SC21-260 tested the same shallow target on the east flank of Sawmill Hill adjacent to the current facilities areas. The result of SC-258, though unlikely economic by itself, does show the presence copper mineralization and anomalously high silver grades. These results warrant follow-up to determine if shallow higher grade thickness intercepts are present.

CEO Rob Scargill stated, “Our first exploration drilling program outside of the known resource envelope in a decade is starting to deliver exciting results. The high-grade southern extension to Lowry provides encouragement for further work and the discovery of copper mineralization between Johnny Lee and Lowry provides additional evidence of the prospectivity of the district.”

Figure 1: Site plan of Exploration drilling completed at the Black Butte Project January-March 2021 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80616d3d-483e-4bdb-81d5-99ff27822df4

Figure 2: Pierce point map of Lowry lower zone showing location of SC21-256 intercept is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ad392fd-b8a4-4e64-8067-8c4c55d8bdcd

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

Jerry Zieg, Senior Vice President for the Company, is a Qualified Person for the purposes of NI 43-101. Mr. Zieg has reviewed and approved the information of a scientific or technical nature contained in this news release. Mr. Zieg verified the data disclosed in this news release, including sampling, analytical, and test data underlying the information or opinions contained in this news release.

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute “forward looking information” within the meaning of Canadian securities legislation, including statements regarding the completion of the Exploration Program, the Company’s plans for advancing the Black Butte Copper Project and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, that the Company will continue to be able to access sufficient funding to execute its plans, and that the results of exploration and development activities are consistent with management’s expectations. However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including factors relating to the Company’s operation as a mineral exploration and development company, the inherent risks involved in the exploration and development of mineral properties, and the Black Butte Copper Project, the uncertainties involved in interpreting drill results and other exploration data and the geology, grade and continuity of mineral deposits that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, currency fluctuations, the possibility of project cost over runs or unanticipated costs and expenses, the inherent uncertainty of production and costs estimates and the potential for unexpected costs and expenses, the possibility of project cost overruns or unanticipated costs and expenses, competition and loss of key employees, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims 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 law.

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.

Vancouver, British Columbia–(Newsfile Corp. – May 27, 2021) – InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") announces that at the 2021 Annual Meeting of Shareholders (the "Meeting") held on May 27, 2021, InZinc's shareholders voted in favour of all items of business, including approval of the West Desert Option Agreement dated April 15, 2021.

A total of 52,413,271 common shares were represented at the Meeting, being 42.91% of the Company's issued and outstanding shares. The following is a tabulation of the votes submitted by proxy:

West Desert Option Agreement

InZinc entered into an option agreement dated April 15, 2021 (the "Option Agreement") with American West Metals Limited ("American West"), a private Australian company, pursuant to which InZinc granted to a wholly-owned subsidiary of American West an option ("Option") to earn a 100% interest in InZinc's West Desert project ("West Desert") located in Utah, USA. The Option Agreement is subject to, among other things, shareholder approval. The TSX Venture Exchange granted conditional approval of the option agreement subject to shareholder approval at an InZinc meeting of shareholders.

About InZinc

InZinc is focused on growth in zinc through exploration and expansion of the advanced stage West Desert project (100%) in Utah and exploration of the early-stage Indy Sedex project (100% option) in British Columbia. West Desert has a large underground resource open for expansion. The Indy Sedex project comprises near surface discoveries, large untested exploration targets and regional discovery potential. Indy is readily accessible by road from Prince George, the major hub for transportation and heavy industry in central British Columbia and is located 85 kms south of the Canadian National Railway. The West Desert option agreement (100% option to American West Metals, a private Australian company) will provide InZinc continuing leverage as American West Metals advances the West Desert project in Utah to prefeasibility. In addition to receiving significant staged cash payments and shareholdings in American West Metals over the next 24 months, InZinc will receive 50% of the revenue from the sale of indium mined from West Desert on a Net Smelter Return basis upon exercise of the Option.

InZinc Mining Ltd.

"Wayne Hubert"

CEO and Director
Phone: 604.687.7211
Website: www.inzincmining.com

For further information contact:
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com

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 securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management Discussion and Analysis for the year ended December 31, 2020 and for the three-months ended March 31, 2021 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85598

ENS earnings call for the period ending March 31, 2021.

Toronto, Ontario–(Newsfile Corp. – May 27, 2021) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), a discovery-stage exploration and advanced development-stage gold company focused on the expansion and restart of our 100% owned PL Gold Mine in central Manitoba is pleased to announce recent assay results and on-site activities.

Following a detailed review and compilation of the Winter 2021 drill program the Company's technical team planned a 642 meter follow-up drill program consisting of 4 holes targeting: a) a south east trending mineralized vector on the main PL Deposit, b) shallow infill holes on the PL North Upper and Lower Zones to define mineralized structures in advance of planned open pit / bulk sample and c) a deeper, down dip hole to test the PL North mineralized trend at depth.

The Company announced that Visible Gold had been intersected in DDH M-21-048x on April 20, 2021 (see link to press release: MCI-Visible-Gold-and-PL-Mine-Phase-1.pdf). Assay results confirmed a bonanza gold grade of 101.6 g/t over 0.50 meter interval with a weighted average grade of 51.95 g/t over the 1 meter mineralized structure. The significance of the intercept is twofold:

• It is the biggest step-out hole in the history of the project highlighting the down-dip and on-strike resource expansion and exploration potential of the PL property (see Figure 1).

• This intercept is the 6^th highest grade assay in the history of the PL Deposit and highlights the potential for extremely high gold grades to occur in the mineralized structures that make up the PL Deposit and the evolving PL North target area ("PLN").

Other positive assay results were returned from shallow drilling on PL North Upper Zone. These include 2.95 g/t over 1.75 meters starting at a depth of 2.5 meters in DDH M-21-082 and 1.02 g/t over 3.5 meters starting at a depth of 17.0 meters in DDH M-21-083. Near surface gold mineralization on the PL North Upper Zone is being evaluated for future development, initially as an open pit / bulk sample that would ultimately be developed into a new northern portal. A second decline will provide more direct access to PL Deposit reserves (see Note 1) targeted for initial development and optimize future underground mining operations. The benefits of a new northern decline were previously highlighted in the April 20, 2021 press release noted above.

PL North Lower Zone continues to evolve as a mappable mineralized structure. The presence of high-grade assays between the PL North upper and lower zones are interpreted as higher order shear zones and possibly conjugate shear zones that link the two main mineralized structures at PL North. In addition to these subsidiary mineralized zones, gold-bearing quartz veins are consistently intersected at depth within the footwall tonalite, below the PL North Lower Zone (see link to press release where new Tonalite hosted mineralized structures were originally highlighted: MCI-Corporate-Update-July-30-2020-FINAL.pdf ). These recently identified mineralized structures are interpreted to be the strike-extension of discontinuous, tonalite-hosted mineralized structures in the footwall of the PL Deposit, historically referred to as the Lower Lower Zone.

The Location of DDH M-21-048x and other PL North Target drilling, relative to the PL Mill and main PL Deposit is highlighted in Figure 1.

Figure 1: Location Map Highlighting Spring 2021 Drilling and PL Deposit Resource Model (Note 1)

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3654/85520_9de02bc80491a8ca_001full.jpg

Gorden Glenn President & CEO commented: "We are pleased that assay results have confirmed bonanza grades associated with the visible gold observed in step-out hole M-21-048x. The exceptional grade and location of this intercept confirm the on-strike exploration and resource expansion potential that exists at the PL Mine. Further drilling is warranted to infill drill a large untested area underlying the PL mill.

We are currently active onsite planning work programs for additional drilling (step-out drilling and infill drilling). While on site we are also hosting local contractors and service providers to update our mine development and mill refurbishment cost estimates. All site visitors have commented on the sites clean and safe working condition (see Photo 1 below). This is a positive reflection on our management, site personnel, contractors and shareholders and we are always pleased to present our project to interested parties."

Table 1: Selected Assay Results (>2.00gpt) from the Spring 2021 PL Mine Drill Program

Note 1: Nokomis NI 43-101 mineral resource estimate was prepared by Leon McGarry, B.Sc., P.Geo., of CSA Global Pty Ltd., and is contained in the Technical Report entitled Feasibility Study, PL Gold Project, Manitoba, Canada filed on SEDAR on May 4, 2018.

Photo 1: PL Mine Site May 2021 Current Condition (left photo of north side of mill and right photo of south side of the mill)

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3654/85520_img1.jpg

The Company will provide further progress updates as internal studies and site work advances during the summer of 2021 and over the remainder of the year.

About Minnova Corp.

Minnova Corp. is an emerging Canadian gold producer focused on restarting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company has completed a Positive Feasibility Study in support of restarting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing 1000 tpd processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of Central Manitoba.

Qualified Person

Mr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

For more information please contact:

Minnova Corp.
Gorden Glenn
President & Chief Executive Officer

For further information, please contact Investor Relations at 647-985-2785 or info@minnovacorp.ca

Visit our website at www.minnovacorp.ca

Forward Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither 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.

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85520

Nickel 28 Capital Corp. ("Nickel 28" or the "Company") (TSXV: NKL) (FSE: 3JC) is pleased to announce a proposed normal course issuer bid to repurchase its common shares. In the opinion of management and the board of directors of the Company, the common shares have recently traded in a price range that represents a substantial discount to the Company's net asset value and does not reflect the underlying value of the Company.

"Using Nickel 28’s excess liquidity to buy back common shares at their current trading price would be highly accretive to our net asset value per share and represents the highest rate of return on an investment that the Company could make," stated Anthony Milewski, the Company’s Chairman. He continued, "Accordingly, the purchase for cancellation of shares by Nickel 28 during these times will benefit the remaining shareholders by increasing their proportionate ownership in the Company."

Nickel 28 has submitted a notice of intention to undertake a normal course issuer bid to the TSX Venture Exchange ("TSXV") in connection with the purchase by Nickel 28 of up to 7,478,209 of its common shares, representing 8.7% of the 85,701,844 common shares comprising Nickel 28’s total issued and outstanding common shares as of May 26, 2021. All common shares purchased by Nickel 28 will be purchased on the open market through the facilities of the TSXV in accordance with the rules, regulations and policies of the TSXV and will be cancelled. The actual number of common shares which may be purchased, and the timing of such purchases, will be determined by Nickel 28. 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.

The normal course issuer bid remains subject to the approval of the TSXV and will begin on the date that is two trading days after the TSXV's approval and will be open for a maximum period of 12 months. A further news release with additional details of the normal course issuer bid will be issued upon approval of the bid by the TSXV.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition, Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements with respect to the proposed NCIB; and statements with respect to the business and assets of Nickel 28 and its strategy going forward. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005768/en/

Contacts

Investor Contact:
Justin Cochrane
Tel: 647.846.7765
Email: info@nickel28.com

(Bloomberg) —

Australia’s pro-fossil fuels government and one of the country’s top coal producers won a climate change court battle against an elderly nun and a group of Greta Thunberg-inspired teenagers.

The decision clears the way for Whitehaven Coal Ltd. to seek final go-ahead for a mine expansion aimed at producing as much as 10 million tons a year of mostly metallurgical coal, used in steel-making.

Even in dismissing an injunction seeking to halt the project, Judge Mordy Bromberg acknowledged the expansion would have a “tiny but measurable” impact on climate change, and ruled that Australia’s Environment Minister Sussan Ley must consider the future impacts on young people from a warmer planet when granting approvals.

It’s a decision that contrasts with a wave of clear-cut climate victories this week as investors revamped board rooms and judges forced operators to accelerate emissions cuts. An activist shareholder on Wednesday ousted two Exxon Mobil Corp. directors seen as insufficiently attuned to the threat of a warmer planet, while Royal Dutch Shell Plc was ordered to slash emissions faster than planned.

Read more: Big Oil’s Climate-Change Takedown Arrives With Stunning Rebukes

The Australia case was mounted by a group of eight teenagers who are involved in the School Strike 4 Climate Australia protest group and Sister Brigid Arthur, who acted as a so-called litigation guardian.

“Internationally, we’re seeing the transition to net zero accelerating across all sectors,” said Zoe Whitton, a Sydney-based executive director at Pollination, a climate change advisory and investment firm. “We see investors in both debt and equities moving rapidly towards transition aligned assets, and asking companies with concentrations in fossil fuels to find ways to pursue new opportunities.”

Lawsuits from the U.S. to the Philippines are seeking to press governments and companies to make faster efforts to reduce greenhouse gas emissions, highlighting wildfires to floods and droughts that scientists argue are being exacerbated by climate change.

Germany’s highest court last month forced lawmakers to bring forward its net zero emissions goal by five years after ruling existing law put young people’s futures at risk by leaving most emissions cuts until after 2030. Whitehaven’s win comes a day after a Dutch court ordered Shell to accelerate its work to cut emissions, a ruling seen as likely to have repercussions across the global fossil fuels industry.

Campaigners had been correct to argue Environment Minister Sussan Ley has a duty of care to protect Australia’s youth from the future impacts of greenhouse gas emissions, though those issues would likely be considered under an existing process of granting approvals to mine projects, Judge Bromberg said at the Federal Court of Australia in Melbourne.

The campaigners viewed the judgement as a win as it established the government has a duty of care to protect young people from the ravages of climate change, said 17-year-old Ava Princi, one of the teenagers behind the case. The teenagers will now make submissions to the court on how Ley should exercise that duty, she said in an emailed statement.

“My future — and the future of all young people — depends on Australia stepping away from fossil fuel projects and joining the world in taking decisive climate action,” she said.

Sydney-based Whitehaven said the legal case was without merit and will aim to proceed with the expansion.

“The company sees a continuing role for high quality coal in contributing to global CO2 emissions reduction efforts while simultaneously supporting economic development in our near region,” the producer said in a statement.

Whitehaven shares rose 2.3% in Sydney trading, trimming their decline this year to 6.7% as investors weigh longer-term prospects for the sector. Benchmark coal prices at Newcastle, one of the world’s biggest export terminals, have risen by almost a third.

Australia’s Prime Minister Scott Morrison, who once brandished a lump of coal in parliament in support of the fuel, has declined to set a hard target date to reach net-zero emissions, drawing criticism from investors and allies, including the U.S.

The Whitehaven ruling will be a boost for fossil-fuel exporters as Australian lawmakers increasingly tie an economic recovery from the country’s first recession in three decades to the energy sector. Australia is among the world’s biggest exporters of liquefied natural gas and coal.

(Updates with details throughout.)

More stories like this are available on bloomberg.com

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©2021 Bloomberg L.P.

A look at the shareholders of IGO Limited (ASX:IGO) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that used to be publicly owned tend to have lower insider ownership.

IGO is a pretty big company. It has a market capitalization of AU$5.5b. Normally institutions would own a significant portion of a company this size. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about IGO.

Check out our latest analysis for IGO

What Does The Institutional Ownership Tell Us About IGO?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

IGO already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of IGO, (below). Of course, keep in mind that there are other factors to consider, too.

Hedge funds don't have many shares in IGO. Yandal Investments Pty Ltd is currently the largest shareholder, with 8.9% of shares outstanding. With 7.9% and 6.0% of the shares outstanding respectively, T. Rowe Price Group, Inc. and Fidelity International Ltd are the second and third largest shareholders.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of IGO

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our most recent data indicates that insiders own less than 1% of IGO Limited. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around AU$26m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

General Public Ownership

The general public holds a substantial 50% stake in IGO, suggesting it is a fairly popular stock. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Private Company Ownership

We can see that Private Companies own 12%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand IGO better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 3 warning signs for IGO you should know about.

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

VANCOUVER, British Columbia, May 26, 2021 (GLOBE NEWSWIRE) — George Sanders, President of Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that the Company has completed the first phase of exploration of the Kettle Valley epithermal gold/silver occurrence. The exploration objective was to identify the bedrock sources of an extensive boulder train of angular mineralized (>.25 ppm to 2.34 ppm Au) quartz-carbonate material.

Goldcliff excavated nine trenches spanning 600 metres in an NNW-SSE direction. Overburden cover proved to be deeper than anticipated and, in many areas, bedrock was covered by highly cemented glacial till. Sufficient outcrop was, however, exposed in most trenches for sampling.

Near the southern end of the trenching abundant quartz-carbonate talus was traced up-slope (westerly) resulting in the discovery of a bedrock source on a cliff face. This discovery, the Cliff Zone, prompted a prospecting and sampling traverse following outcrop ledges and the base of cliff faces up hill and westerly of all the trenches. The traverse successfully traced a quartz-carbonate zone for 700 metres in an NNW-SSE strike direction. The quartz-carbonate Cliff Zone displays silicification, brecciation, multiple phases of quartz-carbonate veining, and quartz stockwork veining. Banded vein textures, bladed calcite and amethyst were also observed with the latter quite common in the southern part of the zone. These characteristics are consistent with low sulphidation epithermal Au-Ag deposits. Clay alteration seen in trenches downhill and <100 m east of the Cliff Zone may be the result of structural and hydrothermal activity.

Trench sampling comprised 53 rock and 10 glacial till samples. The prospecting traverse yielded 48 rock and 47 soil samples. Samples were shipped in secure sample bags by courier to MSA Labs in Langley, BC for 51 element ICP-MS analysis. In addition to MSA Lab's QA/QC protocols, Goldcliff's QA/QC program included insertion of standards and blanks into the sample stream.

Subsequent to completion of this first phase of exploration, Goldcliff has acquired by staking an additional 336 hectares of mineral tenures.

Warner Gruenwald, P. Geo., a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.

GOLDCLIFF RESOURCE CORPORATION

Per: “George W. Sanders”

George W. Sanders, President

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, May 26, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") today announced that it is proposing to complete a flow-through and non flow-through private placement on a non-brokered basis (the "Private Placement"). The Corporation intends to raise up to approximately $500,000 in aggregate gross proceeds by issuing up to approximately 746,269 flow-through units (the "FT Units"), up to approximately 793,651 non flow-through units (the "Non-FT Units"), or any combination of FT Units and Non-FT Units. Pursuant to the Private Placement, the FT Units will be issued at a price of $0.67 per FT Unit and the Non-FT Units will be issued at a price of $0.63 per Non-FT Unit.

Each FT Unit will consist of one common share of the Corporation to be issued as a "flow-through share" (as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")) (each, a "FT Share") and one common share purchase warrant (each, a "Warrant"). Each Non-FT Unit will consist of one non flow-through common share of the Corporation and one Warrant. Each Warrant (whether comprising part of a FT Unit or a Non-FT Unit) will entitle the holder thereof to acquire one non flow-through common share of the Corporation at a price of $0.72 per share for a period of 12 months from the date of issuance.

As at the date hereof, the Corporation has accepted subscription agreements for the Private Placement in aggregate gross proceeds of $345,000.

The gross proceeds allocable to the FT Shares comprising the FT Units will be used for "Canadian exploration expenses" (within the meaning of the Tax Act), which will qualify, once renounced, as "flow-through mining expenditures", as defined in the Tax Act, which will be renounced with an effective date of no later than December 31, 2021 (provided the subscriber deals at arm's length with the Corporation at all relevant times) to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units which are allocable to the FT Shares. The Corporation intends to use the net proceeds from the issue of Non-FT Units for exploration activities and general working capital purposes.

In connection with the Private Placement, the Corporation may pay finders' fees in the form of cash commissions and finder's warrants having the same attributes as the Warrants.

The closing of the Private Placement is subject to the approval of the TSX Venture Exchange (the "TSXV"). All securities that are issued pursuant to the Private Placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.

About LAURION Mineral Exploration Inc.

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 227,449,205 outstanding shares of which approximately 71% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Follow us on Twitter: @LAURION_LME

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions, the completion of the Private Placement, the use of proceeds therefrom and the finder's fees that may be paid by the Corporation in connection with the Private Placement. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein including as a result of a change in the trading price of the Common Shares, the TSXV not providing its approval for the Private Placement. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/May2021/26/c9713.html

Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") announces that the six nominees listed in the management information circular for its 2021 annual meeting of shareholders (the "Meeting") held earlier today were elected as directors of Aquila. 129,198,908 shares were represented at the Meeting, representing 38.1% of Aquila’s issued and outstanding common shares. The detailed results of the vote for the election of directors are set out below:

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development‐stage company focused on high grade polymetallic projects in the Upper Midwest, USA. Aquila’s experienced management team is currently advancing pre-construction activities for its flagship 100%‐owned gold and zinc‐rich Back Forty Project in Michigan.

The Back Forty Project is a volcanogenic massive sulfide deposit with open pit and underground potential located along the mineral‐rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications, with additional exploration upside. An optimized Feasibility Study for the Project is underway.

Aquila has two other exploration projects: Reef Gold Project located in Marathon County, Wisconsin and the Bend Project located in Taylor County, Wisconsin. Reef is a gold-copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold.

Additional disclosure of Aquila’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.aquilaresources.com or on SEDAR at www.sedar.com.

Cautionary statement regarding forward-looking information

This press release may contain certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: risks with respect to the COVID-19 pandemic; and other related risks and uncertainties, including, but not limited to, risks and uncertainties disclosed in Aquila’s filings on its website at www.aquilaresources.com and on SEDAR at www.sedar.com. Aquila undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210526006082/en/

Contacts

Guy Le Bel, President & CEO
Tel: 450.582.6789
glebel@aquilaresources.com

David Carew, VP Corporate Development & Investor Relations
Tel: 647.943.5677
dcarew@aquilaresources.com

Trading Symbol TSX/NYSE AMERICAN: SVM

VANCOUVER, BC, May 26, 2021 /CNW/ – Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 4, 2021, with a payment date of the dividend scheduled on or before June 25, 2021.

The dividends are considered eligible dividends for Canadian tax purposes.

The declaration and payment of future dividends is at the discretion of the Board of Directors and any future decision to pay dividends will be based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.

About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees' wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.

CAUTIONARY DISCLAIMER – FORWARD-LOOKING STATEMENTS

Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws (collectively, "forward-looking statements"). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using 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) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's revenues and capital expenditures; estimated production from the Company's mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: global economic and social impact of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

View original content to download multimedia:http://www.prnewswire.com/news-releases/silvercorp-declares-semi-annual-dividend-of-us0-0125-per-share-301299389.html

SOURCE Silvercorp Metals Inc

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/26/c8606.html

Vancouver, British Columbia–(Newsfile Corp. – May 26, 2021) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) (Santiago: SSVCL) ("Southern Silver" or the "Company") announces that due to significant demand, it has amended its agreement with Red Cloud Securities Inc. (the "Underwriter") to increase the size of its previously announced bought deal private placement to C$9,000,000 (the "Brokered Offering"). Under the amended agreement, the Underwriter will purchase for resale 18,000,000 units of the Company (the "Units") at a price of C$0.50 per Unit (the "Unit Price"). Each Unit shall be comprised of one common share in the capital of the Company (each a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (each, a "Warrant Share") at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Brokered Offering.

The Company is also increasing the size of its previously announced non-brokered private placement to up to 6,000,000 Units at the Unit Price for additional gross proceeds of up to C$3,000,000 (the "Non-Brokered Private Placement", and collectively with the Brokered Offering, the "Offerings"). The Units sold under the Non-Brokered Private Placement will be identical to those sold under the Brokered Offering.

The net proceeds from the Offerings will be used for exploration and advancement of the Company's Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico and for general working capital purposes. The closing of the Offerings is expected to occur on or about June 14, 2021 and is subject to receipt of all necessary regulatory and other approvals, including the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange. The Unit Shares, Warrants and Warrant Shares will be subject to a hold period of four months and one day from the date of closing of the Offerings in accordance with applicable Canadian securities laws and may be subject to resale restrictions in the jurisdiction of residents of non-Canadian purchasers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an exploration and development company with a focus on the discovery of world-class mineral deposits. Our specific emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and transactional professionals to support our exploration efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition, exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, Q.C.
President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at southernsilverexploration.com or contact us at 604.641.2759 or by email at ir@mnxltd.com.

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

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85283

LONDON, UK / ACCESSWIRE / May 26, 2021 / Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE:APF, TSX:APY) is pleased to announce that at the Annual General Meeting of the Company held on 26 May 2021 ("AGM") all resolutions were duly passed by a show of hands. Resolutions 16 to 19 were passed as special resolutions.

Following today's AGM, the Chief Executive Officer, Chief Investment Officer and Chief Financial Officer gave a short presentation followed by a Q&A session with the Board for shareholders – a replay of this webcast will be available on the Company's website.

In accordance with Listing Rule 14.3.6, a copy of Resolutions 16, 17, 18 and 19 will shortly be submitted to the National Storage Mechanism and the full text of all the resolutions passed at the meeting can be found in the Notice of Annual General Meeting, both available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Full details of the proxy voting can also be found on the Company's website.

For further information:

Notes to Editors

About Anglo Pacific

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Anglo Pacific Group PLC

View source version on accesswire.com:
https://www.accesswire.com/649151/Anglo-Pacific-Group-PLC-announces-Results-of-2021-Annual-General-Meeting

Table 1

Significant Diamond Drilling Results, Iska Iska as at May 26, 2021

Figure 1

Geological Plan Map of the Santa Barbara and Central Breccia Pipe areas

Figure 2

NW-SE Geological Longitudinal Section of the Santa Barbara Breccia Pipe, Iska Iska Project

TORONTO, May 26, 2021 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to provide an update on its Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. To date, the Company has completed 33 diamond drill holes totalling 14,346.7 metres (“m”) to test the Huayra Kasa Mine area, Santa Barbara Breccia Pipe (“SBBP”) and Central Breccia Pipe (“CBP”) targets. This press release reports drilling results from hole DSB-07 which tested the SBBP. Currently three drill rigs are in operation at Iska Iska. Two surface drill rigs are testing the Central Breccia from the northern and southern radial setups and one underground drill is testing the target area east of SBBP. Figure 1 is a geological plan map depicting the locations of the drill holes with updated geological interpretation. Figure 2 is a NW-SE longitudinal section along the axis of the 800m long SBBP, showing the location of the main mineralized zone and of Hole DSB-07. Table 1 details significant drilling results and Table 2 lists holes completed with assays pending and holes in progress. Highlights are as follows:

Highlights

Hole DSB-07 drilled at -60 degrees to a depth of 683.4m to the southeast from the radial drill platform on SBBP intersected multiple mineralized intercepts including:

• 122.66 grams silver equivalent/tonne (“g Ag eq/t”) (35.05 g Ag/t, 0.72% Zn, 0.61% Pb, 0.11% Sn and 0.06 g Au/t) over 123.61m from 236.60m to 360.21m including 205.74 g Ag eq/t (92.30 g Ag/t, 0.57% Zn, 0.85% Pb, 0.18% Sn and 0.07 g Au/t) over 32.32m, from 317.21m to 349.53m.

• 105.41 g Ag eq/t (8.55 g Ag/t, 1.01% Zn, 0.48% Pb, 0.06% Sn and 0.38 g Au/t) over 173.58m from 449.87m to 623.45m including 199.77 g Ag eq/t (21.90 g Ag/t, 1.18% Zn, 0.93% Pb 0.12% Sn and 0.94 g Au/t) over 39.08m, from 551.19m to 590.27m.

• 146.19 g Ag eq/t (1.70 g Ag/t, 0.00% Zn, 0.01% Pb, 0.42% Sn and 0.02 g Au/t) over 10.20m from 171.60m to 181.80m in the oxide zone indicating potential for significant Sn mineralization in this strongly leached nearer surface zone.

• In aggregate, 64% of this 683.4m long hole returned reportable mineralized intervals.

Tom Larsen, Chairman and CEO of Eloro said: “The results from DSB-07 are most encouraging and continue to demonstrate the diversified metal value and size potential of the Iska Iska silver-tin polymetallic system. The Leduc drilling program at site, which currently consists of 3 drills (two surface and one underground), is progressing very efficiently at the rate of 250m to 300m per day, resulting in a very positive discovery pace. Currently we have approximately 1,500 samples awaiting analysis at the ALS Global Laboratory in Lima. In particular, we are eagerly awaiting results of hole DSB-10, which as previously reported (see May 4, 2021 press release), intersected over 500 m of continuous sulphide mineralization. While there have been delays in assay turnaround, due to COVID-19 protocols restricting critical supplies to the laboratory, particularly oxygen, we are optimistic that conditions will improve in the near future and turnaround will return to more normal levels.”

Dr. Bill Pearson, P.Geo., Eloro’s Executive Vice President Exploration, stated: “We are continuing to aggressively explore the very extensive mineralized system at Iska Iska. Hole DSB-07 returned significant mineralization over substantive widths from both the SBBP and the underlying granodioritic intrusion breccia. The detailed ground magnetic survey, which consisted of 181.5 linekm at 50m line spacing, is now complete and the data is being processed by our geophysicists. Down-hole Induced Polarization (“IP”) surveys are expected to commence in the latter part of June. A drill bay is under construction at the west end of the Santa Barbara adit to provide a base for underground drill testing of the central part of the caldera which will commence following the completion of underground drilling at Huayra Kasa. After Holes DCS-02 and DCS-03 are finished on the southern radial setup on the CBP, the drill will be moved to the Porco (South) target to carry out radial drilling at that location.”

Table 1: Significant Diamond Drilling Results, Iska Iska as at May 26, 2021
https://www.globenewswire.com/NewsRoom/AttachmentNg/e044e835-7762-498a-971d-970881bc7cd1

Note: True width of the mineralization is not known at the present time, but based on the current understanding of the relationship between drill orientation/inclination and the mineralization within the breccia pipes and the host rocks such as sandstones and dacites. It is estimated that true width ranges between 70% and 90% of the down hole interval length but this will be confirmed by further drilling. Percentage metal contents are shown for each element.

Metal prices and conversion factors used for calculation of g Ag eq/t (grams Ag per grams x metal ratio) are as follows:

In calculating the intersections reported in this press release a sample cutoff of 30 g Ag eq/t was used with generally a maximum dilution of 3 continuous samples below cutoff included within a mineralized section, unless more dilution is justified geologically.

Table 2: Summary of Diamond Drill Holes Completed With Assays Pending and Drill Holes In Progress at Iska Iska from the May 26, 2021 press release.

S = Surface UG=Underground; collar coordinates in metres; azimuth and dip in degrees.

Total drilling completed since the start of the program on September 13, 2020 is 14,346.7m in 33 holes (13 underground holes and 20 surface holes) with one underground and two surface holes in progress.

Qualified Person

Dr. Osvaldo Arce, P. Geo., General Manager of Minera Tupiza S.R.L., and a Qualified Person in the context of National Instrument 43-101 (“NI 43-101”), has reviewed and approved the technical content of this news release. Dr. Bill Pearson, P.Geo., Executive Vice President Exploration Eloro, and who has more than 45 years of worldwide mining exploration experience including extensive work in South America, manages the overall technical program in consultation with Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to Eloro and Independent Technical Advisor, Mr. Charley Murahwi P. Geo., FAusIMM of Micon International Limited.

Drill samples are prepared in ALS Bolivia Ltda’s preparation facility in Oruro, Bolivia with pulps sent to the main ALS Global laboratory in Lima for analysis, As announced in the February 26, 2021 press release, Eloro has changed the assay protocol to utilize X-ray fluorescence (XRF) to more accurately analyze higher Sn. Tin in the CBP is suspected to occur as cassiterite which is insoluble in acid digestion, and therefore not suited for wet chemical techniques. In addition, other assay protocols have been changed to provide for a more accurate measurement of the wide-ranging suite of polymetallic metals at Iska Iska. Eloro employs an industry standard QA/QC program with standards, blanks and duplicates inserted into each batch of samples analyzed with selected check samples sent to a separate accredited laboratory.

Unfortunately, the ALS Global laboratory in Lima where the Iska Iska samples are being analyzed has had major delays in turnaround time due to the impact of the COVID-19 lockdown of Lima by the Peruvian government. This has restricted availability of critical supplies necessary to carry out analytical work. As a result, there will be delays in reporting of assay results.

About Iska Iska

Iska Iska silver-tin polymetallic project is a road accessible, royalty-free property, wholly-controlled by the Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. The property can be classified as a silver-tin polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) and porphyry-epithermal complex. This is an important mineral deposit type in the prolific South Mineral Belt of Bolivia.

Silver-tin polymetallic mineralization at Iska Iska occurs within a Miocene possibly collapsed/resurgent caldera that consists of granodioritic stocks and five (5) dacitic domes which are each about 500m in diameter. These rocks intrude/extrude an intensely deformed sequence of Ordovician shales, siltstones, and sandstones, which are partially covered by Miocene pyroclastic rocks. The silver polymetallic mineralization occurs mainly as veins, vein swarms, veinlets, stockworks, disseminations and in breccias associated with intense hydrothermal alteration. The Iska Iska dome complex has several major phases of igneous breccias, quartz porphyries, dikes and dacitic syn-kinematic flows.

On November 18, 2020 Eloro announced the discovery of a significant breccia pipe with extensive silver polymetallic mineralization just east of the Huayra Kasa underground workings and a high-grade gold-bismuth zone in the underground workings. Diamond drilling intersected a number of extensive mineralized intersections within the major breccia pipe including 54.48 g Ag/t, 1.45% Zinc (Zn) and 1.60% Lead (Pb) over 16.39m (140.91 g Ag eq/t) within a broader interval of 122.74m grading 14.29 g Ag/t, 0.81% Zn and 0.41% Pb (53.67 g Ag/t eq) in Hole DHK-04 (see press release November 18, 2020).

The high-grade gold-bismuth zone outlined in channel samples in the underground working averaged 7.1 g Au/t and 0.2% Bi (8.29 g Au eq/t) over 3.04m width for strike length of 47m. Hole DHK-05 on the strike extension of the high-grade Au-Bi zone intersected 6.51g Au/t, 0.07% Bi and 31.96 g Ag/t (7.68 g Au eq/t) over 11.85m grading including 29.56 g Au/t,0.26% Bi/t and 63.69 g Ag/t (31.94 g Au eq/t) over 2.31m in this high-grade zone.

On January 26, 2021, Eloro announced significant results from drilling at the Santa Barbara Breccia Pipe. Highlights are as follows:

• 129.60 g Ag eq/t over 257.5m (29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu, 0.056%Sn, 0.0022%In, 0.0064%Bi and 0.0083%Cd) from 0.0m to 257.5m in hole DHK-15, the deepest of the three holes reported within the SBBP;

• 79.00 g Ag eq/t over 121.33m (21.77g Ag/t, 0.034g Au/t, 0.35%Zn, 0.23%Pb, 0.18%Cu, 0.056%Sn, 0.0011%In, 0.004%Bi and 0.0055%Cd) from 0.0m to 121.33m in Hole DHK-14 within the SBBP;

• 74.16 g Ag eq/t over 40.88m (33.43g Ag/t, 0.032g Au/t, 0.04%Zn, 0.33%Pb, 0.13%Cu, 0.045%Sn, 0.0010%In and 0.0012%Bi) from 30.40m to 71.28m in Hole DHK-13 which is within the approximately 100m wide mineralized envelope that surrounds the breccia pipe.

Silver-tin polymetallic mineralization within the Iska Iska system occurs over a potential strike length of more than 2.5km along major ring structures in the caldera complex. A synchrotron study of the underground channel samples (see press release dated June 25, 2020) concluded that the mineral cluster analysis identified four mineralogical domains that cover the entire sampling area suggesting they are related and represent a single, large mineralizing system. Furthermore, the mineralogy of the domains is consistent with minerals identified in hand specimen and are likely related to a telescoped porphyry/epithermal style of mineralization.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Figure 1: Geological Plan Map of the Santa Barbara and Central Breccia Pipe areas
https://www.globenewswire.com/NewsRoom/AttachmentNg/4cc7e91c-1934-476d-be7d-d8c8424de219

Figure 2: NW-SE Geological Longitudinal Section of the Santa Barbara Breccia Pipe, Iska Iska Project
https://www.globenewswire.com/NewsRoom/AttachmentNg/71f95e28-29d4-4b7b-ac1b-018c9ceaa029

Vancouver, British Columbia–(Newsfile Corp. – May 26, 2021) – Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that Marshall Farris has resigned as a Director and President of the Company effective immediately. Mr. Farris resigned in order to focus on his growing Exempt Market Dealer business, Ascenta Finance Corp. The Company would like to thank Mr. Farris for his long service and contributions to the Company and wishes him well in his future endeavours.

ON BEHALF OF THE BOARD

"Craig T. Lindsay"
Chief Executive Officer

For additional information, please contact:
Craig Lindsay
Tel: (604) 218-0550
Email: craig@agcap.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85396

Vancouver, British Columbia–(Newsfile Corp. – May 26, 2021) – Sun Summit Minerals Corp. (TSXV: SMN) (OTC Pink: SMREF) ("Sun Summit" or the "Company") announces the mobilization of field crews to commence a property-scale exploration program across its 100% optioned 33,000 hectare Buck Property, central B.C.

Bob Willis, Sun Summit's CEO, stated: "We are excited to start fieldwork at our Buck Property in central B.C. Our technical team has designed a very comprehensive program consisting of geological mapping, prospecting, and multiple soil geochemical surveys. Based on our new knowledge of the Buck-style mineralization at the Horseshoe and Trench zones, we have outlined numerous areas we consider prospective for similar styles of gold and silver mineralization. We expect this major exploration program may take two to three months and look forward to keeping our shareholders informed regarding field results. In the meantime, the next batch of assay results from 18 drill holes completed so far in the Horseshoe and Trench zones are expected to be received and released shortly."

Highlights

• Geological mapping and geochemical sampling will be completed across the 33,000 hectare land package.

• The Buck property is predominantly underlain by Late Cretaceous Kasalka Group volcanic and volcaniclastic rocks. Kasalka Group rocks also host bulk tonnage-style, epithermal-related mineralization at the Blackwater and Capoose gold-silver projects of Artemis Gold Inc, approximately 170 kilometres to the south-east (not necessarily indicative of the mineralization on the Buck Property).

• Focus will be to explore numerous historic and overlooked zinc-in-soil anomalies. Drilling at Buck has demonstrated a strong correlation between zinc-in-soil anomalies and near-surface, sphalerite-associated bulk tonnage-style gold mineralization.

Property-scale exploration

Sun Summit is commencing a significant property-wide exploration program to rigorously investigate existing gold-silver targets and to define new targets across the 33,000 hectare land position. Central to this land package is an approximately 24 kilometre long, northwest-trending, fault-bound belt of Late Cretaceous Kasalka Group volcanic and volcaniclastic rocks, host to epithermal-related mineralization at Buck (Figure 1). Kasalka Group volcanic rocks also host bulk tonnage-style epithermal-related mineralization at the Blackwater and Capoose gold-silver development projects of Artemis Gold Inc. (Angen et al., 2018). The 11.7 million ounce Blackwater gold project (artemisgoldinc.com; PFS Report, Bird et al., 2020; not necessarily indicative of the mineralization on the Buck Property) is approximately 170 kilometres southeast of Buck.

Figure 1. Buck property-scale targets. Large ovals highlight areas of proposed reconnaissance, confirmation and grid-based soil surveys.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6142/85216_24ba5691849bfbc8_001full.jpg

The extent and nature of sphalerite (zinc sulfide) mineralization associated with gold in numerous Horseshoe zone holes (e.g., BK21-017 and BK21-018; see news release dated May 11^th, 2021; Table 1) is reminiscent of many late-Cretaceous intermediate sulfidation-type deposits in central B.C. (e.g., Blackwater; Averill, 2017). The 1.07 g/t gold over 109 metres intercept in BK21-017 (see news release dated May 11^th, 2021) also contains 0.65% zinc over 109 metres and the 7.17 g/t gold over 5.2 metres intercept contains 2.8% zinc of 5.2 metres. This mineralized intercept is associated with a dacite matrix-rich and local sulfide + quartz + carbonate-cemented hydrothermal breccia. All phases of breccias contain gold and silver mineralization associated with clotted, disseminated and breccia-hosted sphalerite and pyrite. Zinc anomalism is thus a useful geochemical proxy for epithermal-related bulk tonnage-style gold mineralization in the surficial environment (e.g., soil and till; Averill, 2017).

Sun Summit has compiled all regional geology, stream sediment and till geochemical data, project-scale historic geophysical data, and soil and rock geochemical data to better define areas of interest in these prospective, yet under-explored rocks. A focus will be to investigate numerous historic and overlooked zinc (+/- silver, gold, arsenic, antimony and lead) -in-soil anomalies (e.g., IRK; Figure 1) and to define new geochemical anomalies over prospective Late Cretaceous volcanic and volcaniclastic rocks.

The center of IRK target is approximately 11 kilometres south of the main Buck target and comprises an approximately 2.8 kilometres long, northwest-trending zinc-in-soil anomaly associated with bleached andesite, dacite and rhyolite flows of probable Jurassic to Late Cretaceous age (Figure 1). The rocks are reportedly brecciated and silicified (Gale, 1984). The IRK target has not been systematically evaluated or drill-tested and represents a priority area for confirmation soil geochemistry, geological mapping followed by possible IP (induced polarization) geophysics and drilling.

Long, northeast-trending reconnaissance-style geochemical survey lines will also be completed (Figure 1). The lines are designed to transect the belt of Kasalka Group volcanics where no historic exploration has been conducted.

2021 Drill Program Update

Results from the first five of 18 drill holes from the winter 2021 drill program were released on May 11^th, 2021, highlighted by 31.6 g/t gold over 4.0 metres including 246 g/t gold over 0.5 metres in drill hole BK21-020 (Trench Zone) and 1.07 g/t gold over 109 metres in BK21-017 (Horseshoe Zone). Assays from the 13 remaining holes are pending and results will be released in batches following receipt from the lab.

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company's quality assurance and quality control (QA/QC) program. Drill core was sawn in half at Sun Summit's core logging and processing facility in Houston, B.C. Half the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Yellowknife, N.T. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C., for analysis.

Core samples were analyzed for 48 elements, including zinc, by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit silver (>100 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. Over limit zinc (> 10,000 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements an internal QA/QC program that includes the insertion of duplicates, standards and blanks into the sample stream.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit's CEO, Robert D. Willis, P. Eng. a "Qualified Person" as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and therefore investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's property.

Community Engagement

Sun Summit is working to engage with First Nations on whose territory the Buck Property is located, to discuss their interests and identify contract and work opportunities, as well as opportunities to support community initiatives. We look forward to continuing to work with local and regional First Nations as the project continues.

Health and Safety

The Company's exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

Buck Property

The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com

References

Angen, J.J., Hart, C.J.R., Kim, R.S., and Rahimi, M., 2018, Geology and mineral potential of the TREK area, Northern Interior Plateau, Central British Columbia, parts of 1:250,000 NTS sheets 093B, C, F and G; Geoscience BC Report 2018-12, MDRU Publication 411,175 p.

Averill, S.A., 2017, The Blackwater gold-spessartine-pyrolusite glacial dispersal train, British Columbia, Canada: Influence of sampling depth on indicator mineralogy and geochemistry; Geochemistry: Exploration, Environment, Analysis, v. 17, pp. 43-60

Bird, S., Fontaine, D., Meintjes, T., Schulte, M., and Thomas, J., 2020, Blackwater Gold project British Columbia, NI 43-101 technical report on pre-feasibility study, Sedar.com, 292 p.

Gale, R.E., 1984, Report on geochemical and geological exploration program with backhoe trenching, IRK claims, Assessment Report 12753, Assessment Report Indexing System, aris.empr.gov.bc.ca, 13 p.

Figure
https://sunsummitminerals.com/wp-content/uploads/2021/05/Buck_Fig1_Regional_Geology_May_NR.jpg

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

info@sunsummitminerals.com

Tel. 778-588-9606

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit Minerals Corp. disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85216

VANCOUVER, BC, May 26, 2021 /CNW/ – Trading resumes in:

Company: Great Quest Fertilizer Ltd.

TSX-Venture Symbol: GQ

All Issues: No

Resumption (ET): 9:30 AM 5/27/2021

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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