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VANCOUVER, BC, Sept. 16, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: New Carolin Gold Corp.

TSX-Venture Symbol: LAD

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:00 AM

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

Cision

View original content: http://www.newswire.ca/en/releases/archive/September2021/16/c6030.html

Figure 1

Plan View of the Guayabales Project and the Victory Target

Figure 2

Plan View of the Victory Target Area

Figure 3 (1)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 3 (2)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 4 (1)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (2)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (3)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (4)

Victory: Porphyry Style Mineralization in Outcrop Samples

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update on its Victory target (“Victory”). Victory, which is the fifth major target identified through grassroots prospecting by the Company, is in the northern area of the Guayabales Project (“Guayabales”) in Caldas, Colombia. Guayabales is situated contiguous and immediately along strike and to the northwest of Aris Gold’s multi-million ounce deposit. The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales Project to be related to multiple mineralized styles that include gold-copper-molybdenum porphyries and associated breccia as well as high grade, precious and base metal vein systems that are superimposed on and enrich the porphyry bodies.

Highlights (Table 1 and Figures 1-4)

Victory is a coincidental robust gold, silver, copper and molybdenum soil anomaly with abundant high-grade gold rock chip samples overprinting a magnetic high anomaly.

The Victory target is large, measuring 1,000 metres east-west by 600 metres north-south by at least 250 metres vertically (exposed outcrop over different elevations) and is open for expansion in all directions.

22 rock channel and chip samples returned values above 0.5 g/t gold over widths of 1 to 3 metres including 12 samples above 1 g/t gold and a maximum of 6 g/t gold. These samples were obtained from very small outcrop exposures in streams due to Victory being 95% covered by colluvium and landslides. Gold mineralization is related to porphyry veinlets (A, B and Magnetite veins), hydrothermal breccia and a late polymetallic vein overprint with results as follows:

Table 1 Rock and channel sampling at the Victory Target

Sample ID	Length (m)	Au g/t	Ag g/t
CM002422	1.5	6.0	14
CM000161	1.0	5.0	5
CM000182	*	4.1	10
CM002136	2.0	3.7	7
CM000279	1.0	3.3	3
CM001052	*	3.0	5
CM000204	*	2.6	5
CM002218	2.0	1.9	1
CM000243	1.0	1.8	6
CM000159	2.0	1.6	1
CM000278	0.0	1.4	2
CM002419	1.7	1.1	1
CM001014	*	0.8	4
CM000203	*	0.8	2
CM000240	1.0	0.8	4
CM002415	1.3	0.7	1
CM002138	2.0	0.7	1
CM000174	0.8	0.6	14
CM002203	0.5	0.6	19
CM000245	3.0	0.6	2
CM002137	0.7	0.6	2
CM002199	0.6	0.5	2
	*Grab sample

An initial drilling program is currently being planned for Victory as part of the Company’s maiden 7,500 metres program currently under way at the Donut target. Drilling at Victory is expected to commence in Q4, 2021.

“Victory is a target area with potential to yield a large, mineralized porphyry system and I congratulate the exploration team for their endeavours in a region with very limited outcrop exposure. Once the Induced Polarization (“IP”) survey is finished, we plan to model all the data and drill test this target in Q4, 2021. The Company has now outlined five targets with porphyry and high-grade vein potential within the Guayabales project in less than six months of exploration work. I am confident that our recently initiated maiden drilling program at the Guayabales project will yield significant discoveries in the near future,” commented Ari Sussman, Executive Chairman.

Details

Victory is located within the northern portion of the Guayabales project and is hosted within fine grained diorites which display potassic and sericite, porphyry alteration. Quartz-magnetite vein stockwork and sheeted vein systems have been identified with vein sets trending NNW and EW. Veins are associated with disseminated pyrite and occasional molybdenite and chalcopyrite. Late-stage veining includes sphalerite and galena sulphides.

Rock chip and soil anomalies at Victory are located directly above a magnetic anomaly as outlined by magnetic inversion modelling of airborne magnetic data. The anomaly has a circular diameter of 500 metres and extends to depth for 900 metres below surface. A clear structural corridor for emplacement of a porphyry system was identified in the field and confirmed with the modelling of the airborne magnetic data.

Field work is continuing at the Victory target and a deep penetrating IP survey is currently being undertaken by Arce Geofisicos using their proprietary AGDAS technology. The survey will generate 3D chargeability and resistivity data for minimum vertical depths of 800 metres and has been designed to search for disseminated sulphide porphyry systems and resistive vein clusters and stockwork.

An NI-43-101 technical report for the Guayabales project is nearing completion and is expected to be filed on SEDAR prior to the end of September 2021.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in early Q4, 2021. The 3,333-hectare Guayabales Project is also located in the mining-friendly Caldas department of Colombia. A maiden 7,500 metre drilling program is under way with initial assay results expected in Q4, 2021.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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 news release.

Figure 1: Plan View of the Guayabales Project and the Victory Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/e73f3dc6-8305-44ed-a332-2d00b2a033dc

Figure 2: Plan View of the Victory Target Area
https://www.globenewswire.com/NewsRoom/AttachmentNg/d186b096-9bf7-4fe0-9c11-276477e9c242

Figure 3 (1&2): Magnetic Inversion Section and Plan View Across the Victory Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3f1eb9a-c143-4faa-b90e-1db57f65c51f
https://www.globenewswire.com/NewsRoom/AttachmentNg/054fc420-1f1c-464f-89cb-499894346253

Figure 4 (1-4): Victory: Porphyry Style Mineralization in Outcrop Samples
https://www.globenewswire.com/NewsRoom/AttachmentNg/193c5641-80fa-486a-b9f4-c401bc7f587e
https://www.globenewswire.com/NewsRoom/AttachmentNg/9c589c6c-944a-4d85-bc11-90e3c5eacaa2
https://www.globenewswire.com/NewsRoom/AttachmentNg/24820ba9-9442-4cae-bcea-99c707692c45
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9a93d3d-8112-4e33-b3a8-025945b0b5ce

TORONTO, ON / ACCESSWIRE / September 16, 2021 / PJX Resources Inc. (TSXV:PJX) ("PJX" or the "Company") is pleased to announce the potential of 2 large areas containing gold, copper, zinc, lead, and/or silver mineralization in soils along a 10 km trend. The geological environment has potential to host a variety of deposit types, such as the Telfer gold-copper deposit in Australia, Sukoi-Log gold deposit in Russia, Pebble gold-copper deposit in Alaska, and the Sullivan zinc-lead-silver deposit. The Dewdney Trail Property is located in the Vulcan Gold Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.

Highlights

Gold locally occurs in sediments with stockwork quartz veining and sericite-carbonate alteration (see photo A below).
Gold grades in rock grab samples can range from anomalous to over 30 g/t.
Multiple target areas have been identified along a 10 km trend.
Two of the most advanced exploration targets are the Tackle Basin area (approximately 2 km x 2 km) and the Lewis Ridge area (approximately 3 km x 2 km).
Gold is the dominant element in soils in the Tackle Basin area.
The Lewis Ridge area has a multi-element signature of gold, copper, zinc, lead, bismuth, molybdenum, arsenic and silver in soil (see Figures 1 to 8 below).
Mineralization occurs in sediments similar in age (Proterozoic) and/or type (turbidites, quartzites) to other deposits such as Telfer, Sukoi-log and Sullivan.
Sediments have been intruded by felsic intrusives (alkalic, calc-alkalic) similar in age (Cretaceous to possibly Eocene) to deposits such as Pebble or the Butte district in Montana.
Gold and/or copper mineralization can also be associated with felsic intrusives.
Both target areas occur within the hinge and/or limb of a large regional anticline fold structure.
Next steps include the assessment of airborne magnetotelluric and magnetic surveys along the 10 km trend to help define drill targets.

"The Lewis Ridge and Tackle Basin are two of a number of highly prospective targets that we have identified on our large land package in the Sullivan Mining District" states John Keating, President and CEO of PJX Resources. "We recently announced the Gar granitic intrusive target with grab samples of sheeted veins ranging from anomalous to 28,841 ppb (28.84 g/t) gold on our Zinger Property (see August 17, 2021 press release). We also have the high grade David Gold Zone on the Gold Shear Property. Drilling has commenced to test on strike and down plunge of the David Gold Zone. Results of this 1,100 m drill program will be announced in the coming months along with results of mapping, prospecting, geochem and geophysics on other target areas. We believe the Sullivan Mining District has potential to host multiple gold and base metal deposits. We invite you to watch our 3 minute video explaining why". ( https://youtu.be/iCbzQDi6ANo or www.pjxresources.com )

Figure 1 – Gold in soil samples

Figure 2 – Copper in soil samples

Figure 3 – Zinc in soil samples

Figure 4 – Lead in soil samples

Figure 5 – Bismuth in soil

Figure 6 – Molybdenum in soil samples

Figure 7 – Arsenic in soil samples

Figure 8 – Silver in soil samples

Photo A – Gold host rock – quartz stockwork veining in sericite-carbonate altered quartzite/turbidite sedimentary rocks.

Stock Option Grant

The Company's board of directors has authorized granting stock purchase options to certain directors, employees and consultants to acquire an aggregate of 2,685,000 common shares at an exercise price of $0.20, expiring September 12, 2026. The foregoing is subject to regulatory acceptance.

Qualified Persons

The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Keating is the President, Chief Executive Officer and a Director of PJX.

About PJX Resources Inc.

PJX is a mineral exploration company focused on building shareholder value and community opportunity through the exploration and development of mineral resources with a focus on gold, silver and base metals (zinc, lead, copper, nickel). PJX's primary properties are located in the historical Sullivan Mine District and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.

Please refer to our web site http://www.pjxresources.com for additional information.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Linda Brennan, Chief Financial Officer
(416) 799-9205
info@pjxresources.com

Forward-Looking Information

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. Forward-looking statements include, but are not limited to, statements with respect to exploration results, the success of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.

Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

SOURCE: PJX Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/664203/PJX-Resources–Sullivan-Mining-District–Intrusive-Related-Gold-Copper-and-Sullivan-Type-Zinc-Lead-Silver-Target-Areas-Identified-on-the-Dewdney-Trail-Property

VANCOUVER, BC / ACCESSWIRE / September 15, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) announces that pursuant to the Company's Stock Option Plan and Restricted Share Unit Plan ("RSUs"), the Company has granted 250,000 stock options and 700,000 RSUs to certain officers and employees of the Company, exercisable and issuable for up to 950,000 common shares of the Company (the "Common Shares"). The stock options are exercisable at $0.22 per Common Share for a period of three years. The RSUs vest immediately and entitle the holder to receive one Common Share for each RSU granted. Each of the Stock Option Plan and RSU Plan were last approved by the Company's shareholders at the annual general meeting held on November 18, 2020.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Mawson Gold Limited is a gold exploration and development company and has distinguished itself as a leading exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland and its Victorian gold properties in Australia.

Mawson's flagship is the 100%-owned Rajapalot gold-cobalt project, located just south of the Arctic Circle in Finnish Lapland. At Rajapalot the Company has made a significant greenfield discovery and on 26 August 2021 published an updated Inferred Mineral Resource. The updated resource estimation was completed by Eemeli Rantala, AFRY – P.Geo, Ville-Matti Seppä, AFRY – EurGeol of Finland and Craig Brown, Mining Associates Pty Ltd – FAusIMM of Australia. All authors are independent "qualified persons" as defined by NI 43-101. The NI 43-101 technical report is entitled "Mineral Resource Estimate NI 43-101 Technical Report – Rajapalot Property" and is available under Mawson's profile on SEDAR at www.sedar.com and on Mawson's website at www.mawsongold.com

The August 2021 base case open pit and underground constrained Inferred Mineral Resource was estimated at 10,907,000 tonnes @ 2.5 g/t gold ("Au"), 443 ppm cobalt ("Co"), which equates to 3.0 g/t gold equivalent ("AuEq") for 887,000 ounces ("oz") Au or 1,041,980 oz AuEq. The AuEq value was calculated using the following formula: AuEq g/t = Au g/t + (Co ppm/1005) and using a gold price of US$1,590 per ounce and a cobalt price of US$23.07/lb. Mineral Resources are stated at a 0.3 g/t AuEq open pit cut-off and 1.1 g/t AuEq underground cut-off from five block models comprising 8 prospects.

The 2021 base case resource increases gold grade by 19% (AuEq grade by 12%) and contained gold ounces by 47% (contained gold equivalent ounces by 35%) as compared to the previous Rajapalot resource estimation published on September 14, 2020.

Qualified Person

The Qualified Person, Dr Nick Cook, Mawson's Chief Geologist, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

On behalf of the Board,

"Michael Hudson"

Executive Chairman

Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary,
+1 (604) 685 9316, info@mawsongold.com

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements and are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks; and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/664158/Mawson-Announces-Grant-of-Stock-Options-and-RSUs

SUDBURY, ON / ACCESSWIRE / September 15, 2021 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP) is pleased to announce that it entered into an agreement to acquire 100% of Kintavar Exploration Inc.'s (TSXV:KTR) Gaspard Nord mineral property. Located in the Chapais- Chibougamau gold- copper camp, the Gaspard Nord property ties onto the northern part of Northern Superior's large, 100% owned Lac Surprise mineral property (Figure 1).

Northern Superior's Lac Surprise gold property has within it, the recently discovered Falcon gold-silver zone, believed to be a 900m extension of the neighboring Vanstar/ IAMGold, 3.2M ounce (at 1.02 g/t Au) Nelligan gold deposit*. Lac Surprise's Falcon Zone remains open along strike to the west and at depth (see Northern Superior press release, August 17, 2021). This property also contains several reported gold showings (see Northern Superior Corporate presentation, www.nsuperior.com).

The Gaspard Nord property consists of 5 claims covering an area of 2.8km². This property overlies a portion of the Opawica Guercherville Deformation Zone (OGDZ) and the northeast-southwest Lac Doré Fault. The OGDZ hosts the Vanstar/ IAMGOLD Nelligan Gold deposit and Northern Superior's Falcon Zone, southwest of the Gaspard property. Northeast-southwest faults are thought to be an important characteristic associated with both the Nelligan gold deposit and the Falcon Zone. Of particular interest on the Gaspard Nord property, is the southern contact between a suite of volcanic rocks with metasediments of the OGDZ. Two gold occurrences and "B" soil horizon gold anomalies are reported at or near this contact (Huss, 2010).

Dr. T.F. Morris (PhD., P,Geo, FGAC, ICD.D), President and CEO of Northern Superior commented: "This property, containing highly prospective ground, is an excellent addition to the Lac Surprise land package. We have already initiated planning an exploration program to test the "B" Horizon anomalies and gold occurrences identified on the Gaspard Nord property. This program will extend onto the current northern part of the Lac Surprise property to provide an understanding of the gold potential west of the Falcon Zone."

Northern Superior has agreed to acquire 100% ownership of the Gaspard Nord property in exchange for 85,000 common shares of Northern Superior and the granting of a 2% net smelter return royalty ("NSR") on the property. Northern Superior will retain an option to buyback 1% of the NSR royalty for CAD$1,000,000. No finders fees will be paid in connection with the transaction and completion of this transaction is subject to regulatory and Board approval.

Qualified Person

Dr. T.F. Morris (P.Geo.) is a Qualified Person ("QP") within the meaning of National Instrument 43-101. Dr. Morris has reviewed, and approved information disclosed in this press release.

Note to readers: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

*Reference for IAMGOLD/Vanstar's Nelligan 3.2MM Inferred Gold Resource: "Carrier, Alain (M.Sc., P.Geo); Nadeau-Benoit, Vincent (P.Geo); Fauvre, Stéphane (PhD., P.Geo). October 22, 2019. NI 43-101 Technical Report and Initial Resource Estimate for the Nelligan Project, Québec, Canada."

Reference Cited:

Huss, L. (2010). Propriété Vent d'Or, Exploration 2010. Corporation Minière Golden Share, GM65493, 59 pages.

About Northern Superior

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB VentureMarket under the symbol NSUPF.

For further information contact:

Thomas F. Morris PGeo., PhD., FGAC
President and CEO
Tel: (705) 525 ‐0992
Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com
www.nsuperior.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.

Figure 1. Location, Gaspard Nord property relative to the Lac Surprise property.

SOURCE: Northern Superior Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/664107/Northern-Superior-Expands-Land-Holdings-at-Lac-Surprise-via-Strategic-Acquisition-of-Kintivars-Gaspard-Nord-Property

All 23 diamond drill holes completed to date totaling 4,391 meters have intersected significant widths of quartz-sulphides veining along the entire 1,000 meters strike length demonstrating the robust nature of the Surebet polymetallic Gold-Silver Zone that remains open both along strike and to depth.
At the Waterfall Showing, GD-21-20 (228 meters @ 139°/-62°) intersected 32.6 meters* of extensive quartz-sulphides veining, brecciation and associated alteration including 4.2 meters* of semi-massive sulphides with pyrrhotite, pyrite, galena and minor sphalerite and chalcopyrite.
GD-21-20 has similar looking mineralization as GD-21-03 (Link to images) that assayed 35.7 meters* of 6.37 g/t AuEq (4.46 g/t Au and 122.13 g/t Ag) including 4.5 meters* of 31.88 g/t AuEq (24.97 g/t Au and 458.10 g/t Ag) collared 150 meters to the south along strike on the Cliff Showing (News – August 30, 2021).
GD-21-20 targeted 2020 surface channel cuts from the Waterfall Showing that assayed 13.05 g/t AuEq (7.64 g/t Au and 382.00 g/t Ag) over 15.1 meters (News – November 25, 2020).
All five drill holes inclusive of GD-21-20 from the Waterfall Showing intersected veining, brecciation and sulphide mineralization:
- GD-21-19 (170 meters @ 090°/-62°) intersected 38.0 meters*, including 1.3 meters* of semi-massive sulphides breccia;
- GD-21-18 (157 meters @ 080°/-62°) intersected 33.9 meters*, including 2.2 meters* of semi-massive to massive quartz-sulphide stockwork and breccia;
- GD-21-22 (269 meters @ 000°/-90°) intersected 27.1 meters*, including 3.60 meters* of quartz-breccia with semi-massive sulphide sections; and
- GD-21-17 (127m @ 055°/-60°) intersected 13.9 meters*.
The Waterfall Showing is located 150 meters north of the Cliff Showing and 360 meters south of the North Showing (Link to drill map), confirming continuity of the mineralization along the entire Surebet Zone for 1 km, that remains open along strike and to depth.
Drill core from 23 holes drilled to date have been sent for assays, GD21-01 to -03 have been reported (News – August 30, 2021) and 20 holes are still pending.
Additional step-out drill holes are planned to test the mineralized structure to a down-dip extent (Link to drill map) of 500 meters to the west and to test the newly discovered Real Deal showing located 620 meters west of the Surebet Zone and 290 meters east of Cloud 9 (Link to images).

* The stated mineralized lengths in meters are downhole core lengths and not true widths. True widths will be calculated once all the drilling is completed, and the exact geometry of the quartz-sulphide system can be determined with confidence.

TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE:B4IF) (the “Company” or “Goliath”) is pleased to report a 32.6 meter* drill intercept of extensive quartz-sulphide veining, brecciation and associated alteration including 4.2 meters* of semi-massive sulphides with pyrrhotite, pyrite, galena and minor sphalerite and chalcopyrite from the Waterfall Showing during the Company’s 2021 maiden diamond drill program (the “Campaign”) at its 100% controlled Golddigger Property (the “Property”). All five holes drilled at the Waterfall Showing intersected veining, brecciation and sulphide mineralization.

The Waterfall Showing is located 150 meters north of the Cliff Showing and 360 meters south of the North Showing, confirming continuity in the mineralization along the entire Surebet Polymetallic Gold-Silver Zone (“Surebet”). The three drill rigs have completed a total of 4,931 meters as of yesterday and have confirmed extensive mineralization along the entire 1,000 meters strike length of the known Surebet Zone. Additional step-back drill holes (Link to drill map) to the west are planned to test the Surebet Gold-Silver mineralized structure to a down-dip extent of 500 meters and to test the newly discovered mineralized Real Deal showing located 620 meters west of the Surebet Zone and 290 meters east of the Cloud 9 Showing (Link to images). The Surebet Zone remains open in all directions.

Waterfall Showing diamond drill holes:

Drill holes at the Waterfall Showing were drilled towards an area where 2020 channel cuts yielded intercepts of 13.05 g/t AuEq (7.64 g/t Au and 382.00 g/t Ag) over 15.1 meters including 22.35 g/t AuEq (13.82 g/t Au and 614.15 g/t Ag) over 8.0 meters and 27.34 g/t AuEq (17.96 g/t Au and 676.53 g/t Ag) over 6.0 meters at Main Waterfall (News – November 25, 2020); and 14.11 g/t AuEq (10.41 g/t Au and 226.26 g/t Ag) over 10.0 meters, including, 17.60 g/t AuEq (12.99 g/t Au and 281.71 g/t Ag) over 8.0 meters, and 21.32 g/t AuEq (16.00 g/t Au and 315.03 g/t Ag) over 6.0 meters, and 30.55 g/t AuEq (23.55 g/t Au and 417.53 g/t Ag) over 4.0 meters at Lower Waterfall (News – November 10, 2020).

GD-21-17 is oriented 055°/-60° and contains a 13.86 meter* wide mineralized section of a series of quartz-pyrrhotite veinlets in the upper part of the hole. An increase in quartz veins, stockwork, and breccia containing stringers of pyrrhotite with minor pyrite and galena is observed starting at 73.4 meters and extends to 87.3 meters, after which intermittent sulphide bearing veins are much less prevalent.

GD-21-18 is oriented 080°/-62° and contains a 33.89 meter* mineralized section. The mineralized envelope starts at 87.04 meters with a series of quartz veins and brecciated sections carrying pyrrhotite and pyrite. A strongly mineralized section from 85.4 to 86.2 meters contains semi-massive sulphides (up to 28% pyrrhotite, 3% galena, 3% sphalerite) within a brecciated quartz-sulphide vein. The continuation of the mineralized zone to a depth of 117.9 meters comprises tightly spaced veins and brecciated sections with 3 to 5% pyrrhotite and galena.

GD-21-19 is oriented 090°/-62° and contains a 38.02 meter* mineralized section. The hole comprises altered sediments to 78.3 meters, where veining starts with minor pyrrhotite. Veining and sulphide content increases with depth. A vein stockwork with a brecciated section containing up to 10 % pyrrhotite, 3 % pyrite and minor galena, occurs between 89.2 meters and 90.4 meters. Moderately mineralized quartz veinlets persist to 116.3 meters.

GD-21-20 is oriented 139°/-62° and contains a 32.6 meters* mineralized section. The mineralized envelope starts at 96.5 meters* with small quartz-pyrrhotite veinlets that increase in size and number with depth. A strongly mineralized section between 104.2 meters and 109.0 meters contains semi-massive sulphides (including up to 30% pyrrhotite, 10% pyrite, 3% galena, 3% sphalerite and minor chalcopyrite). Below this section, mineralization continues in the form of veins and rare brecciated sections with pyrrhotite and pyrite to a depth of 129.1 meters.

GD-21-22 is a vertical hole oriented 000°/-90° and contains a 27.1 meters* mineralized section. Starting at 110.4 meters a series of tightly spaced veins contain pyrite and pyrrhotite. This section is followed by a zone of quartz-stockwork and breccia with 3 to 5% pyrrhotite. A sharp contact with semi-massive sulphide at 116.1 meters* marks the top of a zone of up to 30 % pyrrhotite, 5 % galena and minor sphalerite and chalcopyrite for about 3.6 meters. Between 119.6 and 137.5 meters the altered host rock is intersected by several veins and breccias with variable amount of pyrrhotite, galena and sphalerite.

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1000 meters (1km) of strike and to a down dip depth over 500 m at the Surebet Zone. Currently Surebet averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut samples taken in 2020. Surebet also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Property is in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew contracted by Goliath. Core boxes are transported by helicopter over a 15-kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labeled, RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit^TM.

Drill holes were planned using Leapfrog Geo^TM and QGIS^TM software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphides, or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box for future reference and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver (or MSA lab facilities in Langley). At ALS (or MSA), samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods. Overlimits are re-analyzed using the ME-ICP61, Au-ICP21, and Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher than 5 g/t, the lab will re-analyze using Metallic Screening Au-SCR24C (MSC-150) method.

Golddigger Property

The Property covers an area of 23,859 hectares (for 59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C.

Surebet is located some 8 km southwest of the Homestake Ridge project which is a high-grade gold-silver deposit that contains 982,700 ounces of gold @ 4.99 g/t Gold and 19,600,000 ounces of Silver @ 97.7 g/t Silver, with drill intercepts of up to 73 meters of 21 g/t Gold and 12 g/t Silver (source – Fury Resources Inc. PEA & Website) (Link to Map).

At Surebet, multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike at surface and a half a kilometer (500 meters) of vertical relief with an average true width of 9.84 meters assaying 10.68 g/t AuEq (with 7.59 g/t Gold) with 1 km (1000 meters) of inferred down dip extent (3D Model & Proposed Drill Locations Video Link).

Surebet targets are contained within a shear zone and will be tested for the first time in the 2021 drill campaign. Higher grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying up to 0.5 g/t AuEq (Link to news November 25, 2020).

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures (Lidar Video Link).

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

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

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this news release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be 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 or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Vancouver, British Columbia–(Newsfile Corp. – September 14, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia approving the previously announced plan of arrangement with Talisker Resources Ltd. ("Talisker") pursuant to the Business Corporations Act (British Columbia) (the "Final Order"). Pursuant to the plan of arrangement, Talisker will acquire all of the outstanding common shares of the Company (each, a "Common Share") for consideration of 0.3196 of a common share of Talisker for each Common Share held (the "Arrangement").

The Arrangement was previously approved by holders of New Carolin common shares, options and warrants (the "Securityholders") at the special meeting of Securityholders held on September 9, 2021 (the "Meeting"). It is currently anticipated that the Arrangement will be completed on or about September 16, 2021 upon the satisfaction or waiver of customary closing conditions as set forth in the definitive arrangement agreement (the "Arrangement Agreement").

Pursuant to the terms of the Arrangement Agreement, the Company has agreed to settle a debt in the amount of $280,000 (the "Debt") owing to Primarius Capital Corp. ("Primarius"), a company controlled by the President and Chief Executive Officer of the Company, for unpaid consulting fees which have been accrued by the Company to August 31, 2021. Subject to acceptance by the TSX Venture Exchange, the Debt will, in connection with completion of the Arrangement, be satisfied by a cash payment of $140,000 and the issuance of 1,473,684 Common Shares having a deemed issue price of $0.095 per share (representing $140,000 in value). The aforementioned debt settlement transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as the Company is not listed on a specified market (as set out in Section 5.5(b) of MI 61-101) and as the fair market value of the Common Shares that will be issued and the consideration paid do not exceed 25% of the Company's market capitalization.

Further details regarding the Arrangement are set out in the management information circular of the Company dated August 10, 2021, which is available on New Carolin's profile on SEDAR (www.sedar.com).

About New Carolin

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of its 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (the "Project"). The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.

For additional information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO
Toll Free: 1-(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com

Caution concerning forward-looking information

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements or information about the completion of the Arrangement, and the timing for closing of the Arrangement are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risk factors include, among others: risks associated with the business of Talisker and the Company; risks related to the satisfaction or waiver of certain conditions contemplated by the Arrangement Agreement; risks related to reliance on technical information provided by Talisker and the Company; risks relating to exploration and potential development of the Company and Talisker's projects; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of mineral resources); risks relating to unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time and the additional risks identified in the Company's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) . These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96553

Vancouver, British Columbia–(Newsfile Corp. – September 13, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report that the Company is to restart the channel sampling program in the West Contact Zone on the Thundercloud property. The program was forced to be suspended in the summer due the fire restrictions imposed by the Ministry of Northern Development, Mines, Nature Resources and Forestry to avoid wildfires in northwest Ontario. Prior to the suspension, all of the preparation work required for channel sampling, such as striping, trenching and washing, were completed, the remaining work is expected to be completed within days. The assay data from the trenching program will be evaluated to determine drill targets in the West Contact Zone later in the season.

About Thundercloud Property

The Thundercloud Property is located in the central Wabigoon greenstone belt in Western Ontario, 47 kilometres southwest of Dryden. The geological setting is comparable to the Abitibi belt in Eastern Ontario but Thundercloud is much less explored. The Wabigoon belt contains numerous gold showings, several deposits and high grade historic past producers. Regionally, exploration results indicate excellent potential to define bulk-tonnage orogenic gold mineralization as close to 30 M oz of gold have been discovered in recent years, including several large-scale mining operations nearby.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in greenstone belts in Ontario and the Midas gold camp in Nevada. Currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd.. For more information, please visit Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"
_________________________________

Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. 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. The TSX Venture Exchange has not reviewed and does not accept 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/96348

Figure 1

Plan View of the Five Initial Drill Targets at the Guayabales Project

TORONTO, Sept. 13, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that a maiden 7,500 metre diamond drilling program is underway at its Guayabales Project, located in Caldas, Colombia. The Guayabales Project (“Guayabales”) is situated contiguous, immediately along strike and to the northwest of Aris Gold’s Marmato gold mine, which contains proven and probable reserves of 2.0 million ounces gold and 4.35 million ounces silver (19.7 Mt grading 3.2 g/t gold and 6.9 g/t silver). The Company interprets the abundant precious metal mineralization encountered throughout Guayabales to be related to multiple mineralised styles that include gold-copper-molybdenum porphyries and associated breccia as well as high grade, precious and base metal vein systems that are superimposed on and enrich the porphyry bodies.

The Company has, to date, generated five unique grassroots targets at Guayabales named Donut, Box, Olympus, Victory and ME (see Figure 1). Each of these targets will be systematically drill tested as part of the Company’s maiden 7,500 metre drill program at Guayabales.

The Donut target has been outlined from mapping and sampling of shallow underground tunnels which exposed mineralized breccia overprinted by a high grade, polymetallic vein stockwork hosting gold, silver, and to a lesser extent, copper mineralization (refer to July 12^th, 2021 press release). Drilling is already underway at the target with first assay results anticipated during October, 2021.

The Company’s diamond drilling program will initially consist of short, fanned holes (up to 300 metres) from a single drill pad covering various depths beneath the shallow underground workings to define the potential grade and extent of the mineralized system. Visual observation of early drilling already completed has intersected porphyry breccia with a pyrite matrix which is overprinted by a quartz-carbonate-sphalerite vein stockwork associated with intense sericite alteration over intersection lengths of up to 250 metres. The mineralized breccia system at Donut has been traced along strike and to the west for at least 600 metres and remains open in all directions. Additional drill pads will be constructed in due course to allow the Company to test the strike extent of this target.

A second drill rig will be mobilized to test the Box North target (“Box”) in October, 2021. The Box target is a gold mineralized porphyry system with a high-grade vein overprint. Previous channel sampling (refer to July 29^th, 2021 press release) outlined multiple +1 g/t gold grades (range of 1 to 15 g/t gold over widths of 1 to 2 metres) from small and limited outcrop exposures. The samples are located within an overlapping gold, silver and molybdenum soil anomaly covering an area measuring 500 metres in diameter and open in most directions. Due to the limited exposure, a deep penetrating Induced Polarization (“IP”) survey is currently being undertaken at the Box target by Arce Geofisicos using their proprietary AGDAS technology. The survey will generate 3D chargeability and resistivity data for minimum vertical depths of 800m in the search of disseminated sulphide porphyry systems and resistive vein clusters and stockwork zones. The drilling program will focus on testing the mineralized system as defined by mapping, sampling, and the IP program. Results from the IP program covering the Box are expected in September and final drill targets will be selected shortly thereafter.

“The commencement of drilling activities within the Guayabales project represents another important and exciting milestone in the Company’s evolution from early-stage explorer to outlining multiple large, continuous and mineralized porphyry, breccia and high-grade vein systems. In total, we now have five distinct targets defined for first-pass drill testing over the next six months with more to come as we continue to explore and evaluate our highly prospective land package,” commented Ari Sussman, Executive Chairman.

Qualified Person (QP) and NI43-101 Disclosure

David J. Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc. in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and has begun its own 7,500 meter maiden drill program.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

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 news release.

Figure 1: Plan View of the Five Initial Drill Targets at the Guayabales Project
https://www.globenewswire.com/NewsRoom/AttachmentNg/23426ac9-a6e8-4e58-8a25-2e97d25ed6af

Whilst it may not be a huge deal, we thought it was good to see that the Resolute Mining Limited (ASX:RSG) Independent Non-Executive Chairman, Marthinus Botha, recently bought AU$71k worth of stock, for AU$0.47 per share. Even though that isn't a massive buy, it did increase their holding by 330%, which is arguably a good sign.

View our latest analysis for Resolute Mining

Resolute Mining Insider Transactions Over The Last Year

In fact, the recent purchase by Marthinus Botha was the biggest purchase of Resolute Mining shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of AU$0.43. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Resolute Mining insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Resolute Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Resolute Mining Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Resolute Mining insiders own 1.0% of the company, worth about AU$4.8m. We consider this fairly low insider ownership.

What Might The Insider Transactions At Resolute Mining Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Resolute Mining insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Resolute Mining and we suggest you have a look.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

DENVER, CO / ACCESSWIRE / September 10, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") will be presenting at The Gold Forum Americas / XPL-DEV 2021 Conference, which is being held in Colorado Springs, CO September 12-15, 2021.

Allen Palmiere, President and Chief Executive Officer will provide a brief overview of the Company's business and describe for listeners the rationale for our recent announcement regarding the acquisition of Aquila Resources during a live presentation scheduled to occur on Monday, September 13, 2021, at 11:20 am Mountain Time (1:20 pm Eastern Time). GRC will also participate in one-on-one meetings with investors who are registered to attend the conference.

If you would like to listen to the Company's presentation, please click on the following link:

Webcast: goldforum.info/?e59play-virtual54.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with current operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the Company focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine, to close our acquisition of Aquila Resources Inc., and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/663608/Gold-Resource-Corporation-Attending-The-Gold-Forum-Americas-XPL-Dev-2021-Conference

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we'd take a look at whether Investigator Resources (ASX:IVR) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Investigator Resources

When Might Investigator Resources Run Out Of Money?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2020, Investigator Resources had AU$14m in cash, and was debt-free. In the last year, its cash burn was AU$4.7m. Therefore, from December 2020 it had 2.9 years of cash runway. That's decent, giving the company a couple years to develop its business. Importantly, if we extrapolate recent cash burn trends, the cash runway would be noticeably longer. Depicted below, you can see how its cash holdings have changed over time.

How Is Investigator Resources' Cash Burn Changing Over Time?

In our view, Investigator Resources doesn't yet produce significant amounts of operating revenue, since it reported just AU$70k in the last twelve months. As a result, we think it's a bit early to focus on the revenue growth, so we'll limit ourselves to looking at how the cash burn is changing over time. In fact, it ramped its spending strongly over the last year, increasing cash burn by 179%. It's fair to say that sort of rate of increase cannot be maintained for very long, without putting pressure on the balance sheet. Investigator Resources makes us a little nervous due to its lack of substantial operating revenue. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Investigator Resources Raise More Cash Easily?

Given its cash burn trajectory, Investigator Resources shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of AU$86m, Investigator Resources' AU$4.7m in cash burn equates to about 5.4% of its market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Investigator Resources' Cash Burn?

As you can probably tell by now, we're not too worried about Investigator Resources' cash burn. For example, we think its cash runway suggests that the company is on a good path. While we must concede that its increasing cash burn is a bit worrying, the other factors mentioned in this article provide great comfort when it comes to the cash burn. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. Separately, we looked at different risks affecting the company and spotted 5 warning signs for Investigator Resources (of which 2 are concerning!) you should know about.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

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, Sept. 09, 2021 (GLOBE NEWSWIRE) — Arcus Development Group Inc. (TSX-V:ADG)(“Arcus”) announces that it intends to raise up to $250,000 by way of a non-brokered private placement (the "Offering") of units ("Units") at a price of $0.025 per Unit. Each Unit will consist of one common share in the capital of Arcus and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Arcus common share for a period of two years at a price of $0.05 per share.

The proceeds of the Offering will be used by Arcus as general working capital. The Offering is subject to TSX Venture Exchange ("Exchange") acceptance.

On behalf of Arcus Development Group Inc.

“Ian J. Talbot”

Ian J. Talbot, President and CEO

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Arcus Development Group Inc., are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Arcus Development Group Inc.’s expectations are the risks detailed herein and from time to time in the filings made by Arcus Development Group Inc. with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

For additional information contact:

Ian J. Talbot, President and CEO
Arcus Development Group Inc.
ian@arcusdevelopmentgroup.com
Phone: (778) 893.9325
Web: www.arcusdevelopmentgroup.com

ENDEAVOUR ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING

London, 9 September 2021 – Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company” or “Endeavour”) is pleased to announce that all resolutions at today’s extraordinary general meeting were duly passed by shareholders.

The results for the resolutions voted upon at the extraordinary general meeting are set out below:

RESOLUTION	VOTES FOR	% FOR	VOTES AGAINST	% AGAINST	% SHARES VOTED	VOTES WITHHELD
SPECIAL RESOLUTION Approval of Reduction of Capital	99,448,907	99.98	20,678	0.02	39.93	373
ORDINARY RESOLUTION Approval of Tracker Shares in connection with Performance Share Plan	97,154,923	97.67	2,314,728	2.33	39.93	307

At close of business on 7 September 2021, the total number of issued ordinary shares of the Company was 249,988,201 and the Company held 873,178 ordinary shares in treasury. The total number of voting rights for the ordinary shares was therefore 249,115,023.

The reduction of capital approved by shareholders through the passing of the special resolution above remains subject to the approval of the UK High Court. The text of the ordinary resolution referred to above was amended by a resolution passed at the meeting to correct the final line of the text of the resolution as set out in the Notice of Meeting, to refer to part 1 of Section B of the Shareholder Circular rather than part 2. For further information please refer to the Shareholder Circular published by the Company dated 11 August 2021.

CONTACT INFORMATION

Endeavour Mining

Martino De Ciccio

Vice President – Strategy & Investor Relations
+44 203 640 8665
mdeciccio@endeavourmining.com

Brunswick Group LLP in London

Carole Cable, Partner
+44 7974 982 458
ccable@brunswickgroup.com

Vincic Advisors in Toronto

John Vincic, Principal

+1 (647) 402 6375
john@vincicadvisors.com

ABOUT ENDEAVOUR MINING PLC

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Attachment

Announcement of Results of Extraordinary General Meeting

Vancouver, British Columbia–(Newsfile Corp. – September 9, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that a significant majority of New Carolin's securityholders approved the special resolution (the "Arrangement Resolution") authorizing the previously-announced plan of arrangement pursuant to which Talisker Resources Ltd. ("Talisker") will acquire all of the outstanding common shares of the Company (each, a "Common Share") for consideration of 0.3196 of a common share of Talisker for each Common Share held (the "Arrangement").

The Arrangement was approved by holders of New Carolin common shares, options and warrants (the "Securityholders") at the special meeting of Securityholders held on September 9, 2021 (the "Meeting"). The Arrangement Resolution was approved by approximately 95.84% of the votes cast by New Carolin's shareholders and 97.15% of the votes cast by Securityholders, voting as a single class. A total of 26,939,372 New Carolin securities were voted at the Meeting, representing approximately 32.75% of the votes attached to all New Carolin securities outstanding as of the record date of August 4, 2021.

New Carolin will seek a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on or about September 14, 2021. The Arrangement is expected to close on or about September 16, 2021, provided all of the customary closing conditions as set forth in the definitive arrangement agreement (the "Arrangement Agreement") are satisfied or waived.

Registered holders of New Carolin shares can no longer provide a written notice of dissent to the Arrangement Resolution to New Carolin as the deadline to exercise dissent rights pursuant to the interim order obtained in connection with the Arrangement has passed.

Upon the completion of the Arrangement, the Company will pay Joma Jore Management & Agiotage, Inc. ("Joma") a finder's fee of $100,000 (the "Finder's Fee"). Subject to the acceptance by the TSX Venture Exchange, the Finder's Fee will be satisfied by the issuance of 526,315 Common Shares having a deemed issue price of $0.095 per share, representing $50,000, and by cash payment of $50,000.

About New Carolin

For additional information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

Toll Free: 1-(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com

Caution concerning forward-looking information

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements or information about the completion of the Arrangement, and the timing for obtaining court approval and for the closing of the Arrangement are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. These risk factors include, among others: risks associated with the business of Talisker and the Company; risks related to the satisfaction or waiver of certain conditions contemplated by the Arrangement Agreement; risks related to reliance on technical information provided by Talisker and the Company; risks relating to exploration and potential development of the Company and Talisker's projects; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of mineral resources); risks relating to unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time and the additional risks identified in the Company's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96047.

Figure 1

Cerro Viringo Supía

Figure 2

Guided visits with community members during project formulation stage

Figure 3

Co-creation activities with the community to define the objectives of the project

TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that a strategic alliance has been executed with the Government of Caldas, Corpocaldas (the autonomous regional environmental agency for Caldas), local municipalities and the Company to develop a community-based ecotourism destination at Cerro Viringo.

Cerro Viringo, which is located in the Hojas Anchas village within the municipality of Supía, is an important landform that has been declared an area of high environmental importance by Corpocaldas and the municipal council of Supía. It is comprised of fifty hectares of native forest and supplies water to the local aqueduct for the municipality of Marmato and three other nearby communities. Cerro Viringo has been recognized as the most important environmental conservation area in Supía.

The project, which is officially named “Ecotourism in the Cerro Viringo Natural Park,” is expected to benefit approximately 290 people and help to reactivate the economy of the Hojas Anchas village community. Additionally, the development of this project will be three-dimensional consisting of environmental conservation, community-based tourism and local economic development. Visitors will be able to interact with the rich biodiversity of the area through recreational activities based upon the principles of sound environmental stewardship.

Over the next few months, Collective will be providing integral leadership to the consortium in structuring the project, which, upon completion, will be presented to FONTUR (government entity in charge of promoting tourism), for project financing. Development of the project is expected to begin in 2022 and culminate in 2023.

“We are pleased to have been invited to be part of this initiative as it aligns with our strict adherence to responsible mining goals by promoting stewardship of natural and cultural resources in our area of operations. As a new entrant to the region, another added benefit of this alliance will be to provide the Company with the opportunity to forge new relationships with individuals residing within our project’s area of influence,” commented Ari Sussman, Executive Chairman of Collective.

“With the Viringo Project, we are looking to preserve our areas of environmental interest and to reactivate the local economy. The alliance with authorities, communities and private companies, such as Collective Mining, are fundamental to this purpose,” commented Marco Londoño, Mayor of Supía.

Omar Ossma, CEO and President of Collective stated, “Since our arrival in Caldas we have focused on promoting important initiatives associated to water conservation in the region. Cerro Viringo is one of the most important projects to date, and we are pleased and honored to be a part of such a worthy development opportunity.”

Figure 1: Cerro Viringo Supía
https://www.globenewswire.com/NewsRoom/AttachmentNg/901a6e58-23a9-4f16-9603-a855767ce8eb

Figure 2: Guided visits with community members during project formulation stage
https://www.globenewswire.com/NewsRoom/AttachmentNg/a528edb6-5776-4def-bc15-8a7c2e61f575

Figure 3: Co-creation activities with the community to define the objectives of the project
https://www.globenewswire.com/NewsRoom/AttachmentNg/c2c265f8-5bd0-49fd-9056-25027d18c65f

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in late September 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer
Collective Mining Ltd.
Telephone: (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the strategic alliance with the Government of Caldas, Corpocaldas (the environmental regional authority of Caldas), and local municipalities, including the commitment and allocation of funds and expected benefits, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions, including those identified in Collective’s most recent MD&A and other disclosure documents filed on and available on SEDAR at www.sedar.com. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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 news release.

TSX Venture Exchange: NEV

VANCOUVER, BC, Sept. 9, 2021 /CNW/ – Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that it has executed a definitive water rights purchase and sale agreement (the "Agreement") with Cypress Development Corp. of Vancouver, BC, Canada (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) ("Cypress") for the sale to Cypress of its water rights ("the Permit") in Clayton Valley, Nevada (the "Transaction"). The Transaction represents a major milestone for Cypress' Clayton Valley Lithium Project, near Silver Peak, Nevada and provides an opportunity for Nevada Sunrise to share in future success gained by Cypress' efforts to develop a new lithium mine in Esmeralda County.

Nevada Sunrise Gold Corporation Logo (CNW Group/Nevada Sunrise Gold Corporation)

Terms of the Agreement

The purchase price for the Permit is US$3.0 million to be paid in a combination of cash and Cypress' common shares (see Nevada Sunrise news release dated May 10, 2021). The purchase price includes an initial non-refundable cash payment of US$150,000 (paid), and a final payment of US$2.85 million on receipt of all necessary approvals and transfer of the Permit to Cypress (the "Closing Payment"). The Closing Payment comprises US$2.0 million in cash and the issuance of Cypress' common shares to the value of US$850,000 (the "Share Issuance").

The Agreement is subject to terms and conditions customary for a transaction of this nature, including TSX Venture Exchange approval of the Share Issuance. Nevada Sunrise and Cypress are now working towards receiving necessary approvals from the State of Nevada, including the extension of time required for the Permit, the receipt of which is projected to occur during the fourth quarter of 2021.

Net proceeds received by the Company from the Transaction upon closing will be used to retire legal liabilities totaling approximately US$500,000 incurred during the water rights litigation from 2016 to 2019 (see Nevada Sunrise news releases dated May 16, 2016 and September 30, 2019), and payment of the balance owing to the underlying vendor of the water rights of approximately US$800,000 (see Nevada Sunrise news release dated March 21, 2016).

About the Water Rights

Nevada Sunrise, through its Nevada subsidiary company, Intor Resources Corporation ("Intor"), acquired Nevada water Permit 44411 from an underlying vendor in 2016. The Permit allows for the beneficial use of 1,770 acre/feet of water for mining, milling and domestic use per year. This amount represents the largest volume of permitted water available in Clayton Valley, which is a fully-appropriated hydrogeographic basin. With the exception of a single limited use permit, the Nevada Division of Water Resources has maintained that no new water is available within the Clayton Valley basin for appropriation. Nevada Sunrise has successfully defended the validity of the Permit in recent years, including negotiating a 2019 settlement agreement with Albemarle Corporation.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover where an extensive exploration program, including drilling and ground geophysics, concluded in late November 2020. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au ¹.

¹ Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (www.sedar.com).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada, and water permit 86863, located in the Lida Valley basin, near Lida, Nevada.

_{FORWARD LOOKING STATEMENTS}

All statements in this release, other than statements of historical fact, are "forward-looking information" with respect to Nevada Sunrise Gold Corporation ("Nevada Sunrise") within the meaning of applicable Canadian securities laws, including statements that address the potential sale of the Company's water rights, and the potential for future development of a lithium resource and mineral production by Cypress. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Nevada Sunrise to differ materially from those anticipated in such forward-looking information.

Such factors include, among others, risks related to the potential sale of the Company's water rights, reliance on technical information provided by third parties on the Company's water rights or on Cypress' Clayton Valley lithium project, including access to historical information on exploration, current exploration and development activities; changes in Cypress' project parameters as its plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of the Transaction, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Nine Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com.

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or 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. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetizations, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date hereof. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Nevada Sunrise does not undertake to update any forward-looking statements that are included in this document, 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 TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. The Securities of Nevada Sunrise Gold Corporation 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 the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/09/c5799.html

Vancouver, British Columbia–(Newsfile Corp. – September 8, 2021) – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTC PINK: OPWEF) is mobilizing a crew to undertake a Gold Grain In Till Sampling program on all its Newfoundland projects. The company's inaugural gold grain in till sampling program, an important step to determine the number of gold grains in the glacial till in order to help locate the potential source of gold on the properties, will take place on the Chapel Island, Density, Eclipse, Mass, and Lil d'Espoir Lake claims.

For more information, please view the InvestmentPitch Media "video" which provides additional information on the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Opawica" in the search box.

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The shape of the gold grains provide insight as to how nearby the source may be. Typically, the higher the concentration of gold grains and the larger the till anomaly, the higher the potential for a gold deposit of potential economic significance. Previous work has identified areas where gold grains in till are associated with the Valentine Lake Shear Zone and the Red Indian Line shear zones which are projected to cross Opawica's claims.

The Opawica 100% owned project areas cover more than 217 square kilometres along and between the Red Indian Line and the Valentine Lake shear zone where the company's prospective holdings extend for more than 50 kilometres along the Central gold belt, a northeast-trending structural zone extending across Newfoundland.

Newfoundland has long been known to have many gold occurrences with relatively little modern exploration. Historical production from the Hope Brook, Nugget Pond and Point Rousse projects have been typical of the province's mines with relatively modest production from high-grade deposits. The largest known gold resource along this corridor occurs at Marathon Gold Corp.'s Valentine Lake property.

Blake Morgan, President and CEO, stated: "I am very pleased to be providing this update on our Newfoundland gold projects. We anticipate an extremely busy next few months for our Opawica exploration team and are excited to continue this momentum through to our drill campaign and beyond."

The company also has a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The company's three 100% owned Quebec properties are on the east-west trending Cadillac-Larder Lake Break zone.

The shares are currently trading at $0.40. For more information, please visit the company's website at www.opawica.com, contact Blake Morgan, President and CEO, at 604-681-3170 or by email at ir@opwaica.com.

About InvestmentPitch Media

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bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95845

TORONTO, September 07, 2021–(BUSINESS WIRE)–Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) ("Aquila" or the "Company") is pleased to announce that it has entered into a binding letter agreement (the "Letter Agreement") with Gold Resource Corporation ("GORO") (NYSE American: GORO) setting out certain key terms of a proposed acquisition by GORO of all the issued and outstanding common shares of Aquila by way of a plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").

Pursuant to the Transaction, which is subject to the entering into of a definitive arrangement agreement (the "Arrangement Agreement"), GORO will acquire all the issued and outstanding Aquila shares for 0.0399 of a GORO share per Aquila share (the "Exchange Ratio"). Based upon the 20-day volume-weighted average price ("VWAP") of GORO’s shares on the NYSE American stock exchange on September 3, 2021, being the last trading day prior to the date of the Letter Agreement, the Exchange Ratio represents a 29% premium to the 20-day VWAP of Aquila’s shares on the Toronto Stock Exchange as of such date. The Exchange Ratio represents consideration of C$0.09 per Aquila share (the "Per Share Price"), reflecting a premium of 12.5%, based upon the closing prices of the Aquila shares and the GORO shares on September 3, 2021. The Per Share Price implies an aggregate acquisition price for 100% of the outstanding Aquila shares of approximately C$30.9 million.

Upon closing of the Transaction, the existing GORO and Aquila shareholders will own approximately 85.1% and 14.9%, respectively, of the combined company on a fully diluted basis.

Strategic Rationale for the Transaction

Barry Hildred, Executive Chair, commented, "We believe strongly that this Transaction provides substantial immediate and long-term benefits to Aquila shareholders. The business combination with GORO, a proven operator of a cash flowing mine in the Americas, materially de-risks the financing and development of the Back Forty Project. The Transaction also allows our shareholders to maintain exposure to the value that is created as Back Forty advances towards production."

Guy Le Bel, President & CEO, added, "We share Allen’s vision for the combined company which, as a growth-oriented, multi-jurisdictional, diversified precious and base metal producer, will be well-positioned to create value for all shareholders."

Commenting on the entering into of the Letter Agreement, Allen Palmiere, President and Chief Executive Officer of GORO, said: "This proposed business combination offers an attractive opportunity to the shareholders of both GORO and Aquila. By combining our complementary assets, we will enhance our mineral inventory and add jurisdictional diversification to our project portfolio. The combined company will become a new intermediate gold producer following the commencement of production at Aquila’s Back Forty Project, and its shareholders can look forward to the potential of a company that is expected to benefit from a peer leading growth profile, underpinned by a healthy balance sheet and strong cash flow capable of supporting the development of the Back Forty Project. We look forward to entering into the Arrangement Agreement with Aquila and successfully completing the Transaction."

Further details of the benefits of the Transaction to Aquila and GORO shareholders include the following:

Immediate and Significant Premium to Aquila Shareholders. Based on the 20-day VWAPs of the GORO shares and the Aquila shares, the Transaction offers an immediate and significant premium to Aquila’s shareholders of 29%.

Enhanced Market Presence and Re-Rating Potential. GORO currently benefits from inclusion in the VanEck Junior Gold Miners ETF (the "GDXJ") and from an average daily trading volume of approximately 1 million shares, trailing three months. The Transaction is intended to result in the Back Forty Project being placed into production on a more accelerated basis, funded by cash flow generation, thus elevating the combined company to intermediate producer status. Following the completion of the Transaction, GORO is expected to continue to be included in the GDXJ and to benefit from an enhanced capital markets profile in the United States and Canada, as well as increased trading liquidity and broadened appeal to global index, resource, and generalist investors. This offers the potential for a re-rating to a multiple more in line with other intermediate gold producers.

Enhanced Project and Jurisdictional Diversification. Each of GORO and Aquila is currently a single-asset, single-jurisdiction company. Through the Transaction, GORO and Aquila shareholders will have the opportunity to participate in the ongoing growth of a multi-jurisdictional, diversified precious and base metal producer with exposure to gold, silver, zinc, copper and lead through GORO’s producing Don David Gold Mine in Oaxaca, Mexico and Aquila’s Back Forty Project in Menominee County, Michigan. It is anticipated that Aquila’s previously announced sale of its Bend and Reef exploration properties will be completed prior to the completion of the Transaction.

Growth Profile and Financial Strength of Combined Company. The combined company is expected to benefit from a peer leading growth profile, a robust balance sheet with no debt and cash of US$30.2 million at June 30, 2021, free cash flow generation from its Don David Gold Mine and the synergies that generally accrue from scale in the areas of general and administrative expenses, from less duplication of salaries, wages and other public company expenses, improved concentrate sales and marketing and supply chain efficiencies.

Materially De-Risks the Financing and Development of the Back Forty Project for Aquila Shareholders. Benefitting from the free cash flow generated by the Don David Gold Mine, Aquila shareholders will not be diluted by a near-term equity financing that would otherwise be required to advance the Back Forty Project through the final stages of permitting and engineering. GORO is supportive of Aquila’s project development plans including continuing working towards an optimized Feasibility Study. The combined Company’s position of financial strength is also expected to result in an improved ability to access required additional financing to fund the Back Forty Project’s construction capital expenditures.

All-Stock Transaction Enables Aquila Shareholders to Maintain Upside Exposure. Through their ownership in the combined company, Aquila shareholders will maintain exposure to the value that is expected to be unlocked as the Back Forty Project is advanced towards construction and production. Despite being a proven gold producer, GORO currently trades at only approximately 2.5 times free cash flow from operations. Aquila shareholders will participate in the anticipated re-rating of GORO from a one mine company in Mexico to a two-mine company with jurisdictional diversification.

Experienced Management Team. The combined company will benefit from GORO’s and Aquila’s technical and operational teams’ expertise in polymetallic open pit and underground mines. The GORO executive team has a demonstrated record of success in developing and operating mining projects in the Americas.

Demonstrated Consistent Dividend History. Post-Transaction, GORO intends to continue to pay dividends in accordance with its past practice. GORO has made consistent dividend payments to its investors for more than ten years.

Support for the Transaction from Key Aquila Stakeholders

Aquila’s largest shareholder, Orion Mine Finance ("Orion"), which holds 28.6% of the issued and outstanding Aquila shares, has confirmed to GORO that it is supportive of the Transaction. Subject to its review of the proposed Arrangement Agreement, Orion has indicated its intention to enter into a voting support agreement in favor of the Transaction, on terms to be agreed between GORO and Orion, contemporaneously with the execution of the Arrangement Agreement. The Letter Agreement also provides for the delivery of voting support agreements by each of Aquila’s directors and officers at such time (together with the aforementioned Orion agreement, the "Support Agreements").

Osisko Bermuda Limited, a wholly-owned subsidiary of Osisko Gold Royalties and which is a party to gold and silver stream agreements with Aquila relating to the Back Forty Project, has also confirmed that it considers GORO to be an approved purchaser under those agreements, and that it is supportive of the proposed Transaction.

Board Approvals

The Letter Agreement has been unanimously approved by the boards of directors of both GORO and Aquila. The Aquila board’s approval of the Letter Agreement was based in part on the unanimous recommendation of a special committee of independent directors of Aquila which was appointed to consider the Transaction.

Arrangement Agreement and Transaction Approvals

The Letter Agreement provides for a period of up to 45 days of exclusive negotiations by Aquila with GORO (the "Exclusivity Period") with a view to entering into a mutually acceptable Arrangement Agreement, and provides that the Arrangement Agreement will reflect the Exchange Ratio and other economic terms set out in the Letter Agreement. The Arrangement Agreement will contain customary representations and warranties, covenants, closing conditions and deal protection mechanisms for a transaction of this nature, including a break fee payable by Aquila to GORO equal to 4.0% of the total Transaction value in the event of termination of the Arrangement Agreement under certain circumstances.

The entering into of the Arrangement Agreement is subject to certain conditions set out in the Letter Agreement, including (i) the satisfaction of each of GORO and Aquila with its respective ongoing due diligence investigations, (ii) the receipt by Aquila’s board of directors of an opinion that the consideration proposed to be received by the Aquila shareholders pursuant to the Transaction is fair, from a financial point of view, to the Aquila shareholders, (iii) the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and (iv) the entering into of the Support Agreements and certain other arrangements with third parties under certain of Aquila’s material contracts on a basis acceptable to GORO. The Letter Agreement also provides that if the Arrangement Agreement is not entered into, Aquila or GORO will reimburse the other party for certain of its expenses incurred in connection with the proposed Transaction depending on the circumstances.

The Transaction will require the approval of at least 66⅔% of the votes cast in person or by proxy at a special meeting of Aquila shareholders. The Transaction is also subject to Ontario court approval and the receipt of applicable regulatory approvals. The parties anticipate that the Aquila special shareholder meeting and the closing of the Transaction will take place in the fourth quarter of 2021. The Transaction will not require the approval of GORO’s shareholders.

Advisors

Goodmans LLP is Aquila’s Canadian legal advisor and Scotiabank is Aquila’s financial advisor.

Conference Call and Live Webcast

Management of GORO will host a conference call and live webcast at 10:00 a.m. Toronto time / 8:00 a.m. Denver time on September 8, 2021 to discuss the Transaction. Please use the following information to access the call and/or webcast:

There are two ways to join the conference call.

To join the conference via webcast, please click on the following link:
https://www.webcaster4.com/Webcast/Page/2361/42777.

To join the call via telephone please use one of the following dial-in details:
Participant Numbers:
Toll Free: 844-602-0380
International: 862-298-0970

Replay Number: Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 42777

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

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.

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.

ABOUT GOLD RESOURCE CORPORATION
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GORO’s website, located at www.goldresourcecorp.com and read the company’s Form 10-K for an understanding of the risk factors associated with its business.

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". In particular, this news release contains forward-looking information pertaining to the following: statements regarding the proposed Transaction (including with respect to the satisfaction of conditions to the entering into of the Arrangement Agreement, the terms and conditions of the Arrangement Agreement and Support Agreements, and the receipt of shareholder, court and regulatory approvals for the Transaction); the potential strategic benefits of the Transaction and expectations regarding the combined company (including its growth profile and resource profile, the development of the Back Forty Project, cash flow generation from the Don David Gold Mine, and its market presence and re-rating potential and expectations regarding the payment of dividends); and timing expectations for all of the foregoing. 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: the ability of the Company and GORO to negotiate the Arrangement Agreement and the satisfaction of the conditions precedent to the execution of the Arrangement Agreement (including the satisfaction of each of GORO and Aquila with their respective due diligence investigations, the approval of the Arrangement Agreement by the boards of directors of each of GORO and Aquila, and the execution of the Support Agreements); the satisfaction of all conditions precedent to closing the Transaction (including the obtaining of all shareholder, court, and regulatory approvals); inherent risks of mining exploration, development and production operations; economic factors affecting the Company and/or GORO; the integration of the businesses of the Company and GORO; political conditions and the regulatory environment in the United States and Mexico; and the scope, duration, and impact of the COVID-19 pandemic on the Company and GORO as well as the scope, duration and impact of government action aimed at mitigating the 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/20210907005878/en/

Contacts

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

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

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to announce the appointment of Rachel Goldman to the Board of Directors (the “Board”).

Ms. Goldman brings 20 years of experience in institutional sales, mining company financings and corporate transactions during her career while at several Canadian brokerage firms where she developed an extensive list of investor and mining company relationships. In February 2020, she was appointed to the role of Chief Executive Officer and Director of Paramount Gold Nevada Corp (NYSE American: PZG).

Chair of the Board, Paul Martin, said, “We are extremely pleased to have Ms. Goldman join our Board. Her appointment expands the skills matrix of the overall Board bringing additional strength in the areas of finance, corporate strategy and marketing.”

The Company also announces that Dr. Robert Dodds has resigned from the Board of Directors. Dr. Dodds’ history with the Company dates back to his time as President & Chief Executive Officer and Director of Augustine Ventures Inc., which merged with the Company in February 2017.

“On behalf of the entire Board, we would like to thank Dr. Dodds for his years of service to the Company and look forward to his continued support,” said Chair of the Board Paul Martin.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Company’s Chair of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining and Detour Gold. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com.

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Results Pending from Two Additional Prospects on the Tarabala Trend

Figure 1:

Drilling locations and significant intercepts from recent drilling (red text) and earlier drilling (white text).

Figure 2:

Property map showing the location of prospects mentioned in this release.

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) reports the results of the latest drilling at the Massala West prospect on the Tarabala Trend and provides an update of planned drilled on the Company’s Sikasso Property in Southern Mali (Figure 2).

Highlights

Latest AC drilling at Massala West confirms gold mineralization over 3 km along the Tarabala Trend (“Tarabala”)
- Highest-grade drill interval: 1 m @ 12.94 g/t Au (from 25 m; SAAC221)
- Widest mineralized zone: 9 m @ 1.01 g/t Au (from 22 m; SAAC256)
Initial deeper RC drilling on the Central Zone at Massala West indicates the mineralization continues to depth
- Highest-grade drill interval: 3 m @ 1.56 g/t Au (from 46 m; SAAC221)
- Widest mineralized zone: 5 m @ 0.59 g/t Au (from 45 m; SARC008)
Preparing to initiate approximately 4,000 m of deeper RC drilling (>100 m) at the Massala West and Tarabala prospects (Figure 1) when the rains stop in late October
1,400 m of air core (AC) drilling is also planned at the new Tarabala South target
Drilling results are pending from the Southern and Extension zones at Massala West, and the newly identified Dalaba prospect.

Compass CEO, Larry Phillips, said, “Our latest drilling on the Tarabala Trend has uncovered shallow gold mineralization with promising grades over 3 km at Massala West. The higher-grade and wide mineralization revealed during preliminary RC drilling on the Central Zone indicates the mineralization may be enhanced at depth, so we’re preparing to conduct additional deeper drilling to test the full depth potential of the gold-bearing veins. We are also awaiting the assay results of previous drilling that could extend the mineralization northwards by 500 m, as well as for the results from drilling a fault 750 m west at Dalaba that is coincident with anomalous soil geochemistry.”

He added, “As we continue towards our goal of discovering a gold deposit with the commercial size and grade potential to become a mine, these latest near surface results are very encouraging. With these in hand, our Malian exploration team will be ready to begin preparing the drilling pads for our next phase of drilling at the Massala West and Tarabala prospects as soon as ground conditions improve in October. An additional 1,400 m program of shallow AC drilling is also planned over the Tarabala South prospect, located 500 m south of our Tarabala prospect.”

Massala West Drilling Results

Previously reported drilling results from Massala West (see Compass news releases dated March 16, and May 18, 2021) indicated a 1.8 km zone of shallow mineralization associated with the north-south trending Tarabala fault. The initial drilling was on 200 m fence spacings and the results were reassuring: 24 m @ 2.35 g/t Au (SAAC123); and 21 m @ 0.86 g/t Au (from 1 m; SAAC189) including 6 m @ 1.67 g/t Au.

The current drilling program comprised 68 AC holes (4,042 m) that were designed to infill the known mineralization, extending the structure 1.4 km to the north, and to test a splay fault 750 m to the west at Dalaba (Figure 1). The assay results from 23-holes (1,349 m) at Dalaba and the northern extension are pending. Highlights of the latest drilling were 9 m @ 1.01 g/t Au (from 22 m), 8 m @ 0.71 g/t Au (from 38 m) including 1 m @ 3.16 g/t Au, and 1 m @ 12.94 g/t Au (from 25 m). All fences intercepted the target structure and contained varying degrees of gold mineralization at shallow levels (Table 1).

Figure 1: Drilling locations and significant intercepts from recent drilling (red text) and earlier drilling (white text).
https://www.globenewswire.com/NewsRoom/AttachmentNg/01f0521d-68d5-4506-bae4-91dc22f3b56a

A 10-hole (1,056 m) RC program was also planned to drill a series of deep holes (100 – 160 m) to test the gold-bearing structure at depth. Owing to the higher-than-expected water table, the holes were only drilled to shallow depths (77 – 125 m) and so may not have tested the primary mineralization. Assay results have only been received for five holes (SARC006-SAARC10) from the Central Zone. The widest interval was a low-grade zone of 26 m @0.32 g/t Au (from 24 m; SARC008) containing six discrete higher-grade zones, with the best interval being 5 m @ 0.59 g/t. Drill hole SARC010 was drilled two hundred metres to the south and intercepted 23 m @ 0.44 g/t Au (from 43 m), and comprised three discrete mineralized intervals, with the best interval containing 6 m @ 1.02 g/t Au (from 46 m). Both intercepts are still considered shallow and have not adequately tested the depth potential of the structure.

Table 1. Mineralized intervals greater than 3 m or greater than 0.5 g/t Au identified during recent drilling at Massala West.

Hole ID	From (m)	To (m)	^{1, 2}Interval (m)	Au (g/t)
SAAC219	16	7	1	0.61
SAAC221	25	26	1	12.94
SAAC225	11	12	1	0.61
SAAC226	8	9	1	0.87
SAAC226	18	20	2	1.11
SAAC232	49	50	1	0.77
SAAC234	27	30	3	1.33
SAAC235	15	18	3	1.11
SAAC236	47	51	4	0.41
SAAC240	38	45	8	0.71
inc.	39	40	1	3.16
SAAC241	4	5	1	1.39
SAAC243	15	16	1	0.61
SAAC246	15	16	1	3.68
SAAC250	24	31	7	0.32
SAAC252	35	39	4	0.56
SAAC252	42	43	1	0.50
SAAC254	22	31	9	1.01
SARC005	56	57	1	0.54
SARC005	84	97	13	0.79
inc.	94	96	2	2.88
SARC006	79	80	1	0.64
SARC007	54	55	1	1.86
SARC007	71	77	6	0.27
SARC007	98	99	1	0.60
SARC008	24	27	3	0.69
inc	26	27	1	1.48
SARC008	35	36	1	0.58
SARC008	45	50	5	0.59

¹True thicknesses are interpreted as 60-90% of stated intervals.
²Intervals use a 0.2-gram-per-tonne gold cut-off value

Next Steps

The encouraging results achieved from this last phase of work strongly support the need for deeper drilling at Massala West. Over the 3.5-km strike length gold grades and intercepts widths are variable, which is consistent with the style of mineralization Compass are investigating. A similar variation will also be present at depth, so it is important that drilling into fresh bedrock at depths greater than 50 m takes place, in zones where wider intercepts or higher gold grades have been identified. The central zone (Figure 1) contains wide, near surface intercepts and is, therefore, a priority for RC drilling.

If the pending assay results for the southern zone and the northern extension are also positive, then Compass has earmarked approximately 2,000 m of deeper RC on this 3 km portion of the Tarabala Trend.

A total of 3,000 m of RC and diamond drilling will take place over a distance of 1 km at the Tarabala prospect, where drilling in February 2021 recorded wide intercepts of gold mineralization, e.g., 25 m @ 0.58 g/t Au (from 67 m). Drilling pad preparation is underway and will be completed in time for the anticipated start of drilling after the rainy season.

An initial program of AC drilling (1,400 m) is also planned at the new Tarabala South target. Drilling is scheduled to take place here in December.

Figure 2: Property map showing the location of prospects mentioned in this release.
https://www.globenewswire.com/NewsRoom/AttachmentNg/afd02bfe-8e49-428e-a09b-c9ced61204e2

Technical Details

Air core and reverse circulation holes from Massala West reported here were drilled on an azimuth of 270° (towards the west), at dips of 55. AC hole lengths were all 60 m, with the exception of one hole that was 53, and RC holes varied from 86 m to 125 m. The drill fences were designed to test structures interpreted from Gradient IP surveying, and potential mineralized trends identified by Compass’s earlier drilling. Drilling was performed by Etasi and Co. Drilling (Mali). All samples were prepared by Compass staff and an appropriate number of standards, duplicates and blanks were submitted and analysed for gold at SGS (Bamako, Mali) by fire assay.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property. The exploration permits are located in three sites in southern Mali with a combined land holding of 867 sq. km. The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”

QAQC

All AC samples were collected following industry best practices, and an appropriate number and type of certified reference materials (standards), blanks and duplicates were inserted to ensure an effective QAQC program was carried out. The 1 m interval samples were prepared and analyzed at SGS SARL (Bamako, Mali) by fire assay technique FAE505. All standard and blank results were reviewed to ensure no failures were detected.

Qualified Person

This news release has been reviewed and approved by EurGeol. Dr. Sandy Archibald, P.Geo, Compass’s Technical Director, who is the Qualified Person for the technical information in this news release under National Instrument 43-101 standards.

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the Company’s planned exploration work and management appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information please contact:

Compass Gold Corporation	Compass Gold Corporation
Larry Phillips – Pres. & CEO	Greg Taylor – Dir. Investor Relations & Corporate Communications
lphillips@compassgoldcorp.com	gtaylor@compassgoldcorp.com
T: +1 416-596-0996 X 302	T: +1 416-596-0996 X 301

Website: www.compassgoldcorp.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.

DENVER, CO / ACCESSWIRE / September 7, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") considers the health and safety of its workers and host communities a fundamental priority of the Company's operations. We have started to bring employees back to the mine site over the past several days, each of whom were required to quarantine for three days and then tested for COVID-19. Of the 332 brought back, 329 tested negative for COVID-19 and were allowed to access the operations. We are cautiously optimistic that the advice we are following from our medical staff and an epidemiologist, to reduce the movement of people coming to the mine site from the local communities and the region, is meeting our goals of minimizing the further spread of infection amongst our workforce and the local communities and lessening the extreme strain on our accommodations.

Alberto Reyes, Chief Operating Officer, "Our operations team has risen to the challenge of trying to keep everyone healthy and safe during the pandemic. Our employees and contractors have taken to the isolation process well and our medical staff note that they are content with our progress to date."

Employees and contractors will be staying in the camp for periods longer than the usual rotation to create a bubble. Testing frequency has increased with stricter procedures governing operational activities. We are commencing the processes to restart production from the mine, build up a run-of-mine stockpile, restart the processing plant and return to 2021 budgeted throughput rates of 1,500 tonnes per day in the next several weeks.

Ground support challenges in the first half of 2021 coupled with the temporary ramp down during late August and early September will affect our overall production results; accordingly, we are providing an update to our 2021 annual guidance:

Measure	Original 2021 Guidance	Updated 2021 Guidance
Payable Production	19,500 to 21,500 Gold Ounces 1,700,000 to 1,800,000 Silver Oz	21,000 to 23,000 Gold Ounces 1,100,000 to 1,300,000 Silver Oz
Cash Cost⁽¹⁾ after Co-product Credits⁽²⁾ per AuEq ounces	$210 to $225	$250 – $290 Primarily due to lower co-product credits due to lower base metal tonnages produced and sold
All-in Sustaining Cost⁽¹⁾ after Co-Product Credits⁽²⁾ per AuEq ounces	$800 to $900	Guidance maintained Lower co-product credits largely offset by less underground development
Capital Investment	$22.0 million to include: – Gold regrind $1.9M – Dry Stack Completion $6.2M – UG Development $9.8M – Other Sustaining Capital $4.1M	$16 million Primarily due to lower underground development than originally anticipated noted in our 10Q for Q2 2021
Exploration Commitment	$7.2 million to include: – Surface Exploration $1.5M – Underground Drilling $1.6M – Exploration Development $4.1M	Guidance maintained
G&A	$6.0 million to $6.5 million, excluding Stock-based Compensation & Restructuring	$6.5 million to $6.9 million, excluding Stock-based Compensation & Restructuring

(1) Calculations of cash cost per after by-product credits per gold equivalent ounce and all-in sustaining cost after by-product credits per gold equivalent ounce are non-GAAP financial measures. Please see the Non-GAAP Measures section of the Management's Discussion and Analysis and Results of Operations in the Quarterly Report for the period ended June 30, 2021 reported on Form 10Q for a complete reconciliation of the non-GAAP measures.

(2) Co-product credits are based on approximately 7,200 tonnes of lead sold at an $0.90 per pound metal price (originally 8,000 tonnes of lead sold at $0.80 per pound), approximately 1,500 tonnes of copper sold at a $4.00 per pound metal price (originally 1,800 tonnes of copper sold at $2.80 per pound) and 16,000 tonnes of zinc sold at a $1.25 per pound metal price (originally 21,000 tonnes of zinc sold at $1.04 per pound).

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward- looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:

Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/662919/Gold-Resource-Corporations-Don-David-Gold-Mine-Begins-Process-of-Ramping-up-Activities-Updates-2021-Guidance

VANCOUVER, BC / ACCESSWIRE / September 7, 2021 / Mawson Gold Limited ("Mawson") or (the "Company") (TSX:MAW) (Frankfurt:MXR) (OTC PINK:MWSNF) is pleased to announce the appointment of Mr. Ivan Fairhall as the Company's Chief Executive Officer ("CEO"), effective immediately. Mr. Michael Hudson, who has served as the Company's CEO since March 2004, will continue to serve as a director and the Company's Executive Chairman.

Key Points:

Ivan Fairhall, an engineer and mine finance professional has been appointed as Mawson's CEO;
Michael Hudson, who has served as the Company's founding CEO since March 2004, will continue to serve as a director and as the Company's Executive Chairman;
Increasing the skill base of company is reflective of the transition of Mawson's Finnish assets from exploration to pre-development;
The Company also announces the commencement of an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value.

The appointment of Mr. Fairhall reflects the need for the Company to add additional mine development expertise, as its projects in Finland transition from advanced exploration to pre-development. Mr. Fairhall brings substantial operating, finance and capital markets experience to the role. The Board of Mawson would like to thank Mr. Hudson for his exceptional service as CEO since co-founding the Company in 2004, and look forward to his on-going leadership as Executive Chairman.

Mr. Michael Hudson, Executive Chairman, states: " We are delighted to have Ivan join Mawson's team. I have worked with Ivan at various points over the last 10 years and know he is very well placed to lead Mawson as the Company pivots towards the dual focus of resource expansion and pre-development in Finland. At the same time, we will soon outline the opportunities that exist for our Australian exploration assets via our strategic review. I truly look forward to working closely with Ivan as we embark on the next stage of the Company's growth."

Mr. Fairhall, CEO, states: "I'm very pleased to be joining Mawson and leading the company through its most exciting stage yet. Rajapalot is growing rapidly with gold contained in resources up over 47% and grades up 19% in less than 12 months, and I believe Mawson has only just scratched the surface of what is clearly emerging as a gold camp of scale. Notwithstanding this huge growth potential, with over 1m oz AuEq now in resources, Rajapalot is now of a scale that justifies necessary work to chart its course to be a mine. I look forward to working with the board and management to unpack the multiple value opportunities for our shareholders."

Mr. Fairhall is a mechanical engineer and mine finance professional with over 15 years of mining industry experience. He has worked in design, construction and commissioning roles, and has considerable experience managing pre-development studies across the commodity and geographic spectrum. Since 2014, he has been with Greenstone Resources, a private equity fund with almost US$500m under management based in London. Greenstone's strategy is to invest in development stage companies with robust projects that can be funded through to production standalone. As Senior Investment Manager, Ivan was integral in sourcing, executing and managing a portfolio of Greenstone's investments, which included Northern Vertex (TSXV:NEE), a 50koz gold producer in USA – for which he was also a non-executive director up until its merger with Eclipse Mining in 2021. Mr. Fairhall holds a B.Eng (Hons, Mech) and a B.Bus, and is a Chartered Engineer with the Institute of Mechanical Engineers.

Concurrently, given the advancement of the Company's Finnish assets, and recent gold discoveries made in Australia by the Company, Mawson has commenced an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value. Results from the review will be announced towards the end of Q3 2021.

About Mawson Gold Limited (TSX:MAW, FRANKFURT:MXR, PINKSHEETS:MWSNF)

Qualified Person

The Qualified Person, Dr Nick Cook, Mawson's Chief Geologist, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

On behalf of the Board,
"Michael Hudson"
Executive Chairman

Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316, info@mawsongold.com

Forward-Looking Statement

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/662877/Mawson-Names-Ivan-Fairhall-as-New-Chief-Executive-Officer

TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce the appointment of Mr. Ashwath Mehra as a Director of the Company.

“On behalf of the Board of Directors, I would like to welcome Ashwath to the Collective team,” stated Ari Sussman, Executive Chairman. “Ashwath is a proven executive with robust skills that will complement our board and we look forward to his guidance in discovering the next major mineral deposit in Colombia.”

Mr. Mehra is a seasoned executive with 35 years of global experience in the minerals industry. Mr. Mehra is an economist by training and received his BSc (Econ) in Economics and Philosophy from the London School of Economics. He is the CEO of the ASTOR Group, a private investment and advisory business, working in the fields of mining, technology, biotech and real estate. He spent many years in the commodity trading and mining business as well as owning, buying and selling companies. He is a director of several companies, both public and private in both executive and non-executive roles. He also devotes significant time to non-profit activities in the fields of education and healthcare. Most recently, Mr. Mehra was Executive Chairman of GT Gold, a company he founded and sold to Newmont Corporation generating a significant return to GT Gold shareholders.

“I am delighted to join the Collective mining team. The prospectivity of the Cauca gold belt combined with the proven success of the team working in Caldas, a mining-friendly region, makes this an extremely interesting proposition. I look forward to this endeavor and helping the Company generate outstanding returns for all stakeholders,” commented Ashwath Mehra.

The appointment is effective immediately. Mr. Mehra will be nominated for election at the Company’s next Annual General Meeting.

Options Granted to New Appointee

In connection with the Board appointment, the Company has issued 200,000 stock options at an exercise price of $2.90 per option, and valid for a period of five years from the date of grant. The options vest in four equal tranches with one-quarter vesting every six months from the date of grant.

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in late September 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer
Collective Mining Ltd.
Telephone: (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, delivering results to stakeholders, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

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 news release.

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling short, can easily find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.'

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Fresnillo (LON:FRES). While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital – but unlike such a sponge they do not always produce something when squeezed.

See our latest analysis for Fresnillo

Fresnillo's Earnings Per Share Are Growing.

As one of my mentors once told me, share price follows earnings per share (EPS). It's no surprise, then, that I like to invest in companies with EPS growth. Fresnillo managed to grow EPS by 8.3% per year, over three years. That growth rate is fairly good, assuming the company can keep it up.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Fresnillo shareholders can take confidence from the fact that EBIT margins are up from 16% to 35%, and revenue is growing. Ticking those two boxes is a good sign of growth, in my book.

You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image.

You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Fresnillo's future profits.

Are Fresnillo Insiders Aligned With All Shareholders?

I always like to check up on CEO compensation, because I think that reasonable pay levels, around or below the median, can be a sign that shareholder interests are well considered. For companies with market capitalizations between US$4.0b and US$12b, like Fresnillo, the median CEO pay is around US$2.2m.

The Fresnillo CEO received total compensation of just US$939k in the year to . That looks like modest pay to me, and may hint at a certain respect for the interests of shareholders. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense.

Does Fresnillo Deserve A Spot On Your Watchlist?

One important encouraging feature of Fresnillo is that it is growing profits. Not only that, but the CEO is paid quite reasonably, which makes me feel more trusting of the board of directors. So I do think the stock deserves further research, if not instant addition to your watchlist. It is worth noting though that we have found 2 warning signs for Fresnillo (1 shouldn't be ignored!) that you need to take into consideration.

Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares. But as a growth investor I always like to check out companies that do have those features. You can access a free list of them here.

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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

Readers hoping to buy Endeavour Mining plc (TSE:EDV) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Endeavour Mining investors that purchase the stock on or after the 9th of September will not receive the dividend, which will be paid on the 28th of September.

The company's next dividend payment will be US$0.28 per share, and in the last 12 months, the company paid a total of US$0.56 per share. Calculating the last year's worth of payments shows that Endeavour Mining has a trailing yield of 2.3% on the current share price of CA$30.92. If you buy this business for its dividend, you should have an idea of whether Endeavour Mining's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Endeavour Mining

Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Endeavour Mining paying out a modest 38% of its earnings. A useful secondary check can be to evaluate whether Endeavour Mining generated enough free cash flow to afford its dividend. Luckily it paid out just 8.9% of its free cash flow last year.

It's positive to see that Endeavour Mining's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

Have Earnings And Dividends Been Growing?

Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Endeavour Mining has grown its earnings rapidly, up 39% a year for the past five years. Earnings per share have been growing very quickly, and the company is paying out a relatively low percentage of its profit and cash flow. Companies with growing earnings and low payout ratios are often the best long-term dividend stocks, as the company can both grow its earnings and increase the percentage of earnings that it pays out, essentially multiplying the dividend.

Given that Endeavour Mining has only been paying a dividend for a year, there's not much of a past history to draw insight from.

Final Takeaway

Is Endeavour Mining an attractive dividend stock, or better left on the shelf? We love that Endeavour Mining is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. There's a lot to like about Endeavour Mining, and we would prioritise taking a closer look at it.

So while Endeavour Mining looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. Our analysis shows 2 warning signs for Endeavour Mining that we strongly recommend you have a look at before investing in the company.

A common investment mistake is buying the first interesting stock you see. Here you can find a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.

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

By buying an index fund, you can roughly match the market return with ease. But if you pick the right individual stocks, you could make more than that. For example, Endeavour Mining plc (TSE:EDV) shareholders have seen the share price rise 59% over three years, well in excess of the market return (21%, not including dividends).

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

Check out our latest analysis for Endeavour Mining

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 imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Endeavour Mining became profitable within the last three years. So we would expect a higher share price over the period.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Endeavour Mining's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Endeavour Mining, it has a TSR of 61% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

Endeavour Mining shareholders are down 14% for the year (even including dividends), but the market itself is up 31%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 5% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Endeavour Mining is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored…

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.

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–(Newsfile Corp. – September 2, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report initial assay results for "SP", a new target located midway along the CESAR North 80-kilometre-long belt, in line with the four previous discoveries the URU, CONEJO, AMN and AMS zones, within the wholly-owned CESAR project in North Eastern Colombia (refer to Figures 1 and 2).

Table 1. Rock sample results of 1.0% copper and above.

Copper	Silver	Width	Sample #
4.8%	51 g/t	25-metre	876502
1.0%	6 g/t	25-metre	876509
6.3%	47 g/t	0.5-metre	867233
12.4%	162 g/t	float	876130

Presently, the SP target spans over 1.6-kilometres and is open in all directions. The reconnaissance composite grab sampling over 25-metres averaging 4.8% copper and 51 g/t silver is considered very significant, as is indicates the presence of a higher copper and silver grades within each 25-metre interval. This first pass sampling program is to be followed up with trenching and detailed chip channel sampling.

"In 2021 alone, Max's in-country team have now identified three new copper-silver discoveries spanning along the CESAR North 80-kilometre-long belt, showing the importance of identifying the extent of the copper-silver rich mineralization," commented Max CEO, Brett Matich.

"In addition to these new results, Max looks forward to reporting continued results from the CONEJO and URU zones located along the CESAR North 80-kilometre-long copper-silver belt," he continued.

"World demand for copper continues to increase because it is the key metal for the green revolution's move to electric vehicles, solar, wind and clean power grid infrastructure. Combined with copper's declining reserve base, new discoveries of copper are essential to replace depleting reserves. The potential district-size of the CESAR discoveries positions Max to take advantage of the copper shortfalls," he concluded.

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar basin to be analogous to both the Central African Copper Belt (CACB) to the south and the Polish Kupferschiefer to the north. Almost 50% of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa-Kakula copper deposits in the Congo.

Kupferschiefer, the world's largest silver producer and Europe's largest copper source, is a mining orebody of 0.5 to 5.5-metres thick at depths of 500-metres, grading 1.49% copper and 48.6 g/t silver. The silver yield is almost twice the production of the world's second largest silver mine.

Source: Central African Belt Descriptive models, grade-tonnage relations, and databases for the assessment of sediment-hosted copper deposits with emphasis on deposits in the Central Africa Copperbelt, Democratic Republic of the Congo and Zambia by USGS 2010. Kamoa-Kakula by OreWin March 2020. World Silver Survey 2020 and Kupferschiefer Deposits & Prospects in SW Poland, September 27, 2019. Max cautions investors that the presence of copper mineralization of the Central African Copper Belt and the Polish Kupferschiefer are not necessarily indicative of similar mineralization at CESAR.

Figure 1. SP copper-silver rich mineralization (876502)

To view an enhanced version of Figure 1, please visit:
https://www.maxresource.com/images/gallery/MXR_News_35.jpg

Figure 2. SP mineralized rock samples (876130 and 876233)

To view an enhanced version of Figure 2, please visit:
https://www.maxresource.com/images/gallery/MXR_News_36.jpg

QUALITY ASSURANCE

All CESAR rock chip samples are shipped to ALS Lab's sample preparation facility in Medellin, Columbia. Sample pulps are then sent to Lima, Peru, for analysis. All samples are analyzed using ALS procedure ME-MS41, a four-acid digestion with inductively coupled plasma finished. Over-limit copper and silver are determined by ALS procedure OG-62, a four-acid digestion with an atomic absorption spectroscopy finish. ALS Labs is independent from Max.

Max uses standard chip and channel sampling where possible, but also relies on composite grab sampling. Max considers composite grab samples to be representative but cautions investors that individual grab samples can be selective and may not be representative of continuous mineralization at CESAR.

QUALIFIED PERSON

The Company's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Tim Henneberry, P Geo (British Columbia), a member of the Max Resource Advisory Board, who serves as a qualified person under the definition of National Instrument 43:101.

CESAR COPPER-SILVER PROJECT IN COLOMBIA – OVERVIEW

CESAR lies along the copper-silver rich 200-kilometre-long Cesar Basin in northeastern Colombia. This region enjoys major infrastructure resulting from oil & gas and mining operations, including Cerrejon, the largest coal mine in Latin America, now held by global miner Glencore (refer to Figure 3).

Figure 3. CESAR Project location.

To view an enhanced version of Figure 3, please visit:
https://www.maxresource.com/images/gallery/MXR_News_37.jpg

Due to the district-scale and copper-silver prospectivity of the Cesar Basin, Max has implemented a multi-faceted exploration program for 2021:

Advanced Drill Core Analysis and Modelling: ongoing interpretation of seismic sections and analysis of historical drill holes are all being integrated into our structural modelling of the Cesar Basin, in collaboration with Ingeniería Geológica Universidad Nacional de Colombia ("IGUN") in Medellín (January 7, 2021 NR).

Geochemical and Mineralogical: research programs by the University of Science and Technology ("AGH") of Krakow, Poland. AGH bring their extensive knowledge of KGHM's world renowned Kupferschiefer sediment-hosted copper-silver deposits in Poland to the CESAR project.

Geophysical: Fathom Geophysics is interpreting seismic data, funded by the Company in collaboration with one of the world's leading copper producers.

Proprietary Field Exploration & Techniques: Max's in-country exploration teams continue to target new copper-silver stratabound mineralized zones.

CESAR North 80-kilomtre-long-copper-silver zone:
- In 2020, Max discovered both the copper-silver rich AMS (previously named AM South) zone and the AMN (previously named AM North) zone 40-km north, collectively spanning over 45-km², highlight values of 0.1 to 34.4% copper and 5 to 305 g/t silver over intervals ranging 0.1 to 25.0-metres;
- In March 2021, Max's announced the CONEJO discovery, now spanning 3.2-km by 1.6-km and open in all directions. CONEJO returned values greater than 5.0% copper from 23 rock panels varying from 5.0m by 5.0m to 1.0m by 1.0m, 66 rock panel samples returned values over 1.0% copper (March 24, 2021 NR):
  - 12.5% copper + 84 g/t silver over 5.0-metre by 5.0-metre
  - 10.5% copper + 50 g/t silver over 3.0-metre by 2.0-metre
  - 10.4% copper + 95 g/t silver over 5.0-metre by 5.0-metre
  - 10.2% copper + 62 g/t silver over 5.0-metre by 5.0-metre
  - 10.0% copper + 80 g/t silver over 5.0-metre by 5.0-metre
  - 8.7% copper + 89 g/t silver over 5.0-metre by 5.0-metre
  - 8.4% copper + 60 g/t silver over 5.0-metre by 5.0-metre
  - 7.9% copper + 21 g/t silver over 5.0-metre by 5.0-metre
  - 7.7% copper + 84 g/t silver over 5.0-metre by 5.0-metre
  - 7.4% copper + 47 g/t silver over 5.0-metre by 5.0-metre
- The 2021 URU discovery is located 30-km south of CONEJO, now expanded to 12-km² and open in all directions. URU appears to have major-scale potential; Thirteen rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, thirty-seven returned values greater than 1.0% copper, with highlight values of 5.7 % copper and 37 g/t silver:
  - 4.3% copper and 8 g/t silver over widths of 10-metres
  - 3.9% copper and 7 g/t silver over widths of 10-metres
  - 3.6% copper and 12 g/t silver over widths of 10-metres
  - 3.0% copper and 6 g/t silver over widths of 10-metres
  - 3.0% copper and 37 g/t silver over widths of 10-metres
- Late April 2021, Max identified the SP target, which lies along the mid portion of the CESAR North 80-km belt, in line with the four previous copper discoveries URU, CONEJO, AMN and AMS;
- Exploration continues on the CONEJO and URU zones;
- In addition, Max has initiated the process of mineral claim approvals and drill permitting;

CESAR West: Max has identified copper porphyry-style mineralization along a significant target zone.

ABOUT MAX RESOURCE CORP.

Max Resource Corp. is a copper and precious metals exploration company, engaged in advancing both the newly discovered district-scale CESAR copper-silver project (100% owned) in Colombia and the newly acquired RT Gold project (100% earn-in) in Peru. Both projects have potential for the discovery of large-scale mineral deposits; both stratabound-type copper-silver in Colombia and high-grade gold porphyry and massive sulfide in Peru.

Max Resource was awarded a Top 10 Ranked Company in the Mining Sector on the TSX Venture 50™ for 2021, achieving a market cap increase of 1,992% and a share price increase of 282% in 2020.

For more information visit: https://www.maxresource.com/
For more information visit: www.tsx.com/venture50
TSX Venture 50™ for 2021 video: MAX Resource Corp. (TSXV: MXR) – 2021 TSX Venture 50 – YouTube

For additional information contact:

Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100

*The Venture 50 ranking is provided by TSX Venture Exchange Inc. ("TSXV") for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of this information and are not responsible for any errors or omissions in or any use of, or reliance on, this information. The Venture 50 program is not an invitation to purchase securities listed on TSX Venture Exchange. TSXV and its affiliates do not endorse or recommend any of the referenced securities or issuers, and this information should not be construed as providing any trading, legal, accounting, tax, investment, business, financial or other advice and should not be relied on for such purposes."

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.

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Max Resources Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95288

Figure 1

2021 Drill Holes Completed

Figure 2

Newly Discovered Sadowski Gold Zone

Figure 3

Drill Holes at Extension of Surluga Resource

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Minto Vein 30 metres down-dip of the current boundary of the Minto Mine Deposit inferred resource.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figure 1)

Intersection in SD-21-298A of 109.37 g/t gold (un-cut) over 2.68 metres true width (TW) in the Minto Vein, including 314 g/t gold over 0.84 metres (TW) and 26.93 g/t gold over 0.95 metre (TW), 30 metres away from the current boundary of the resource.
Extension of high-grade gold mineralization in SD-21-298A in the newly identified Sadowski Gold Zone with the intersection of 24.8 g/t gold over 1.15 metres core length (CL).
Visible gold has been observed in 3 different veins in the Jubilee Shear Zone in SD-21-298A (results pending).

“The confirmation that high-grade gold mineralization extends down-dip of the current resource of the Minto Mine deposit is a significant development for the Wawa Gold Project. With the overlapping relationship between the Minto Mine and the Jubilee Shear Zones, we have two exploration targets that are testing concurrently with the same drill hole. Additionally, the extension of high-grade gold mineralization in the Sadowski Gold Zone continues to show that the property has significant greenfield exploration potential.

Red Pine has two active drill rigs on-site that are concurrently testing the Surluga deposit to the North and South, and the Minto Mine Deposit. A third drill is on site waiting for a crew with which the Company will test some of the greenfield targets near the historic Darwin Grace mine.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/0caa57e0-82fe-4774-9a37-caa4b88f153c

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is testing the northern and southern depth extensions of the Surluga Deposit and the Minto Mine South Deposit. One drill rig is active at the northern end of the Surluga Deposit and one drill rig is active at the southern end of the Surluga Deposit. The southern drill is also testing the Minto Mine South Deposit.

At the southern end of the Surluga Deposit, in holes SD-21-296A, 297A and 298A, the Jubilee Shear Zone was successfully intersected up to 400 metres away from the current boundary of the Surluga Deposit resource. Results in the Jubilee Shear Zone for holes SD-21-296A and 297A have been released, whereas those for 298A remain pending (bottom half of hole 298A). Visible gold has been observed in 3 different veins in the Jubilee Shear Zone in SD-21-298A.

Drilling at the southern end of the Surluga Deposit also resulted in the discovery of the down-dip extension of the Minto Vein in the Minto Mine Shear Zone in SD-21-297A, and to the discovery of significant mineralization in the Minto Vein in SD-21-298A. Additional drilling is necessary to define the size and extent of this new zone of high-grade gold mineralization in the Minto Vein.

Hole SD-21-298A also continues to expand the potential of the newly discovered Sadowski Gold Zone, a new near-surface high-grade zone of mineralization (Figure 2). The Sadowski Gold Zone is formed by a network of quartz veins variably transposed in superimposed shearing.

At the northern end of the Surluga Deposit, drilling indicated that the Jubilee Shear Zone extends down-dip of the current limit of diamond drilling in the area. In hole SD-21-301 (assay results pending), visible gold has been observed in two quartz veins in two separate domains of the Jubilee Shear Zone.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program

Hole	From (m)	To (m)	Length (m)*	True Width (m)	Visible Gold	Gold (g/t)	Zone
SD-21-298A	86.35	87.5	1.15		Yes	24.8	Sadowski Gold Zone
	320.2	323.35	3.15	2.68	Yes	109.37	Minto Mine Shear Zone
	Including
	320.2	321.32	1.12	0.95		26.93
	322.36	323.35	0.99	0.84		314

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Additional drilling is necessary to constrain the geometry of that zone of mineralization.

Figure 2- Newly Discovered Sadowski Gold Zone
https://www.globenewswire.com/NewsRoom/AttachmentNg/b49f259a-76a4-4ed2-ae49-34c8c6268d88

Table 2 – Coordinates of the Reported Holes

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth (m)	Status
SD-21-298A	668546	5315425	361	272	74	729	Completed
SD-21-299	668581	5317216	390.9	304	-49	372	Completed
SD-21-300	668546	5315425	361	311	-77	411	Abandoned in diabase
SD-21-301	668581	5317216	390.9	324	-62	381	Completed

Figure 3- Drill Holes at Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/df346c8d-0188-4f05-8b62-e3c2e9d0697e

On-site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures
according to guidelines for the Province of Ontario. Protocols were put in place to ensure
our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX."

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, and the Ontario Energy Board. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

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.

Harmony Gold Mining Company Limited HMY posted adjusted earnings of 60 cents per share for fiscal 2021 (ended Jun 30, 2021) against a loss of 10 cents recorded in the year-ago period.

Harmony Gold Mining Company Limited Price, Consensus and EPS Surprise

Harmony Gold Mining Company Limited price-consensus-eps-surprise-chart | Harmony Gold Mining Company Limited Quote

Revenues and Costs

In fiscal 2021, revenues increased 45.2% to $2,710 million from $1,867 million registered a year ago. Average gold prices received during the period rose roughly 18% year over year to $1,719 per ounce (oz).

Gold production was around 1.54 million oz for the fiscal, up around 26% year over year.

Cash operating costs per oz declined 10% to $1,213. All-in-sustaining costs (AISC) declined 13% year over year to $1,460 per oz.

Financial Overview

As of Jun 30, 2021, cash and cash equivalents declined from $367 in the year-ago period to $198 million. Cash flow from operating activities surged 99% year over year to $597 million in fiscal 2021.

Net debt was $38 million at the end of fiscal 2021, down around 52% year over year.

Outlook

Harmony Gold plans to produce 1.55-1.63 million oz of gold in fiscal 2022. The company also expects an all-in sustaining cost between R765,000/kg-R800,000/kg. Underground recovered grade is forecast in the range of 5.40-5.57g/t.

Price Performance

Shares of Harmony have declined 37.3% in the past year compared with 28.2% fall of the industry.

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Zacks Rank & Key Picks

Harmony currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Nucor Corporation NUE, Dow Inc. DOW and Cabot Corporation CBT.

Nucor has a projected earnings growth rate of around 494% for the current year. The company’s shares have soared 147.7% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Dow has an expected earnings growth rate of around 403.01% for the current year. The company’s shares have gained 27.8% in the past year. It currently holds a Zacks Rank #2 (Buy).

Cabot has an expected earnings growth rate of around 138.5% for the current fiscal. The company’s shares have rallied 39% in the past year. It currently carries a Zacks Rank #2.

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Figure 1

Plan View of the Guayabales Project and the Victory Target

Figure 2

Plan View of the Victory Target Area

Figure 3 (1)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 3 (2)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 4 (1)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (2)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (3)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (4)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 1

Plan View of the Five Initial Drill Targets at the Guayabales Project

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Figure 1

Cerro Viringo Supía

Figure 2

Guided visits with community members during project formulation stage

Figure 3

Co-creation activities with the community to define the objectives of the project

Figure 1:

Drilling locations and significant intercepts from recent drilling (red text) and earlier drilling (white text).

Figure 2:

Property map showing the location of prospects mentioned in this release.

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Final Takeaway

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A Different Perspective

Figure 1

2021 Drill Holes Completed

Figure 2

Newly Discovered Sadowski Gold Zone

Figure 3

Drill Holes at Extension of Surluga Resource

Harmony Gold Mining Company Limited Price, Consensus and EPS Surprise

Revenues and Costs

Financial Overview

Outlook

Price Performance

Zacks Rank & Key Picks

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