TORONTO, Aug. 10, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the following update on its exploration program of 2021at the Ishkoday Property:

Highlights:

• Trenching and stripping exposed 4 new mineralized areas of interest: The A Zone, the Niish and Garvey Zone and a new zone, the Pond, located near the McLeod prospect.

• New mineralized lenses of semi-massive sulfides were stripped on the A-Zone. Further assays are pending.

• A new mineralized zone of 4 sub-parallel veins, called 'The Pond' has also been exposed. These veins are part of the McLeod mineralized system, which is hosted in a sequence of felsic-intermediate volcanic and strikes N215 with a 70 dip to the South. Mineralization can be found in 4 distinct sub-parallel veins which are 20m apart and are composed of brecciated quartz with disseminated fine pyrite (up to 15%), chalcopyrite and sphalerite. The LiDAR survey shows a possible extension of more than 400m along strike. Mapping, interpretation, and final assay results are still pending.

• A soil sampling survey has been designed to cover 3 magnetic high anomalies located north of the Namewaminikan River. The areas show low historical prospecting, low outcrop density and thick vegetation. The magnetic anomalies are interpreted to represent a possible extension of the north-south feature observed in the southern portion of the Property. Historic grab samples from this area produced anomalous values (0.082 g/t Au, 11.9 g/t Ag and 0.89% Cu and 0.356 g/t Au, 37.6 g/t Ag and 1.52% Cu) for both base and precious metal in exposed trenching.

• A LiDAR survey was conducted at the end of May over the entire property. This high precision laser imaging survey provided Laurion with a high-definition digital elevation model (DEM). The new DEM model is key in the interpretation of the structural feature on the property. Historical trenches are also evident on the survey and are aiding the geological team in the further expansion of already known mineralized zones.

• The 10,000m 2021 diamond drill program has been paused due to the current forest fire hazards (see press release from July 21^st, 2021). Of the initial of 6,079 meters of drilling completed to date, assay results for 4,758 meters of drilling have been received and highlights are shown in Table 1 below.

Exploration drilling in 2021 started with the objective of defining the mineralized system along a strike extension of 1.25 km from the A-Zone, (Behzik Zone) 2020 Niish discovery zone to the McLeod Zone. Preliminary observations and results confirmed the existence of an extension of the new Niish structure 850m to the northeast in drill hole LBX21-032. Drilling confirmed the extension at depth of the Behzik zone at around 410m below surface level as well of its steep dip to the northwest.

The initial drill holes targeted unexplored areas to depths, approximately 650m from surface, across the 1.25 km strike to investigate the geometry and grade distribution of the greater Niish and Behzik zone. The drilling was also conducted with the objective of understanding the litho-structural model and define the mineralized system as seen in historic (1980s and 1990s) and LAURION (2012 to 2020) drilling, which intersected significant grades and widths of gold and base metal mineralization.

Highlights from the 7 initial exploratory holes:

Table 2: Drill hole coordinates for holes LBX21-032 to LBX21-039. (UTM NAD83 Zone 16N)

Exploration for Remainder of 2021:

The remaining 3,550m of drilling will focus on in-fill drilling the areas between the A Zone and McLeod Zone as well as the extension of the McLeod to the southwest, which in turn could extend the A-Zone/McLeod strike length to over 1.4 km.

The McLeod southwest extension hosts encouraging historical surface trenching results and a magnetic high anomaly and an associated IP chargeability high date as seen in Figure 1 showing mineralized interval based on 3m over 0.5 g/t AuEq. No drilling has been conducted in this area todate.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, PGeo, MSc, a consultant to Laurion, and a "Qualified Person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 233,473,342 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The Brenbar Property, acquired in 2020, is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, 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 in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2021/10/c4169.html

TORONTO, Aug. 10, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) ("Collective" or the “Company”) is pleased to announce that it has received $13.5 million as a result of the exercise of common share purchase warrants of the Company (“Warrants”) following the acceleration of the expiry time of the Warrants. The Warrants had an exercise price of $2.00 and were originally issued on May 20, 2021 following the completion of the Company’s qualifying transaction on the TSX Venture Exchange. The holders of the Warrants had 30 trading from the date of the notice of acceleration to exercise their Warrants. All remaining Warrants were cancelled as of 4:00 p.m. (Toronto time) on August 9, 2021. The Company is now fully funded through at least 2022 with a cash balance of approximately $26 million.

About Collective Mining

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. 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. An initial drilling program was recently completed at the project with first assay results anticipated in late 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 a maiden greenfields drilling program is expected to begin in late Q3, 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 use of proceeds from the exercise of the Warrants, 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.

Vancouver, British Columbia–(Newsfile Corp. – August 10, 2021) – MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report new assay results, with visible copper mineralization now spanning over 12-square kilometres at the URU zone, located along the 80-kilometre-long CESAR North belt, within Max's 100% owned CESAR copper-silver project in Northeastern Colombia (refer to Figures 1 to 4).

Eight rock samples over widths ranging from 10 to 25-metres returned values of 2.0% copper and above, twenty-one returned values greater than 1.0% copper, with highlight values of 3.9% copper and 37 g/t silver (refer to Table 1).

Rock chip channel results from values of 2.0% copper:

• 3.9% copper and 7 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;

• 2.5% copper and 12 g/t silver over widths of 10-metres;

• 2.4% copper and 12 g/t silver over widths of 10-metres;

• 2.0% copper and 9 g/t silver over widths of 10-metres.

Reported representative grab samples collected over widths of 25-metres returned 2.7% and 2.2% copper (refer to Table 1). In addition, Max is awaiting assay results located along 10-kilometres of strike (refer to the white dots on Figure 2).

"The widespread nature of the copper mineralization over significant widths demonstrates the major-scale potential of the URU zone, that is open in all directions. We look forward to additional URU zone copper assay results due late next month," commented Max CEO, Brett Matich.

"Max's in-country team is continuing its field exploration programs through to end of year," he concluded.

Figure 1. CESAR Copper-Silver Project.
https://www.maxresource.com/images/gallery/MXR_CESAR_31.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_002full.jpg

Figure 2. CESAR North, URU assays and assays pending locations.
https://www.maxresource.com/images/gallery/MXR_CESAR_32.jpg

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_003full.jpg

Figure 3. 3D model shows the major-scale potential of the URU zone and is open in all directions.
https://www.maxresource.com/images/gallery/MXR_CESAR_33.jpg

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_004full.jpg

The URU copper mineralization is hosted in a stockwork within igneous host rock that crosscuts sediment-hosted stratabound mineralization. Observed minerals include chalcocite, native copper, cuprite and copper oxide. The copper mineralization is often associated with the presence of epidote.

Max interprets the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to both the Central African Copper Belt (CACB) and the Polish Kupferschiefer. Almost 50 percent 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, mining an orebody of 0.5 to 5.5-metres thick at depths of 500m, 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.

Table 1. URU rock chip channel and representative rock grab sample results with values of 1% copper or above. Max cautions investors that grab sampling can be selective and are not necessarily representative of the mineralization.

QUALITY ASSURANCE

All samples were shipped to the ALS Lab sample preparation facility in Medellin, Colombia. Sample pulps are sent to Lima, Peru for analysis. All samples are analyzed using ALS procedure ME-MS41, a four-acid digestion with ICP finish. Over limit copper and silver are determined by ALS procedure OG-62, a four-acid digestion with an AAS finish. ALS Labs is independent from Max. Max is not aware of any other factors that could materially affect the accuracy or reliability of the data referred to herein.

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 is located along the 200-kilometre-long Cesar Basin in NE Colombia encompassing widespread highly prospective copper-silver mineralization. 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 5).

Figure 4. CESAR Project location.
https://www.maxresource.com/images/gallery/MXR_CESAR_34.jpg

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/3834/92631_b2bfa146f4d9686f_005full.jpg

Due to the district-scale 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: geochemical and mineralogy 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 producer;

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 identified the AMS (previously named AM South) and AMN (previously named AM North) stratabound copper-silver zones, collectively spanning over 45-km², highlight values of 0.1 to 34.4% copper and 5.0 to 305.0 g/t silver over intervals ranging 0.1 to 25.0-metres;

  • In March 2021, Max's CONEJO discovery, now spans 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 CONEJO and the URU zone;

  • In addition, Max has initiated the process of mineral claim approvals and drill permitting;

• CESAR West: Max has identified copper porphyry 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 newly discovered global 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/92631

DENVER, CO / ACCESSWIRE / August 9, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") has confirmed the up-dip extension of the Switchback vein system, approximately 30 meters (two mine levels) above the existing mine workings and has intersected additional mineralization outside of current mining areas which provides the Company with the opportunity to potentially develop a new mineralized zone.

Mr. Allen Palmiere, President and CEO of Gold Resource Corporation. "The results of drilling completed in the first half of 2021 have confirmed the potential for identifying new resources at the Don David Gold Mine. The focus of our geologists, has been to explore new areas and to continue identifying additional mineralization along strike and up-dip at shallower elevations above the current mine workings."

Mr. Nick Suter, Interim Vice President, Exploration commented, "Confirmation of the continuity of the robust Sandy vein at higher levels presents an opportunity to develop a new mineralized zone in the more easily accessible northern part of the Arista mine. Our objectives going forward continue to be to test these zones and extensions in order to expand resources of this growing system, as well as continue infill drilling to upgrade mineralized material to measured and indicated mineral resources."

Switchback drill highlights include:

Hole # 521013:

• 5.37 m grading 1.51 g/t gold, 95 g/t silver, 0.21% copper, 1.22% lead, 1.84% zinc

incl. 2.90 m grading 2.61 g/t gold, 155 g/t silver, 0.25% copper, 2.07% lead, 3.00% zinc

Hole# 521014:

• 0.78 m grading 0.82 g/t gold, 640 g/t silver, 0.24% copper, 0.24% lead, 0.84% zinc

Hole# 521015:

• 1.55m grading 0.01 g/t gold, 2,610 g/t silver, 0.31% copper, 0% lead, 0% zinc

Hole # 521018:

• 0.36 m grading 4.45 g/t gold, 4,460 g/t silver, 0.03% copper, 1.05% lead, 2.36% zinc

The first two holes drilled from an underground exploration drill station located in a development ramp of the mine's Switchback vein system, confirmed the up-dip extension of the Switchback vein system, approximately 30 meters (two mine levels) above the existing mine workings. These intersections extend near mine up-dip continuity further to the west-northwest, with both the Soledad and Selene veins intersected. The latter two drill holes, drilled from a drill station located in a dedicated exploration development drift in the hanging-wall of the Switchback system, have identified narrow structures that have been correlated to veins in the Switchback system; these structures are approximately 80 to 100 meters above the previously identified upper limit of the Switchback vein system and extend the known mineralization to shallower depths.

Assays by ALS, Vancouver, BC Canada. Meters down hole, Not true width.

Plan View of Switchback mining Area for Reference Showing holes referenced in above table

Cross Section view (A-AA), looking west-northwest, of Switchback mine area to provide context for elevation of holes relative to mine workings.

Sandy vein system drill highlights include:

Hole # 521021:

• 8.67 m grading 1.61 g/t gold, 33 g/t silver, 0.48% copper, 2.40% lead, 2.13% zinc

incl. 2.77 m grading 4.88 g/t gold, 75 g/t silver, 0.93% copper, 6.40% lead, 3.96% zinc

Hole # 521022:

• 1.18 m grading 2.32 g/t gold, 19 g/t silver, 0.21% copper, 1.38% lead, 6.79% zinc

(m=meters, g/t=gram per tonne; full drill table below)

In addition, five (5) drill holes confirmed the continuity of the mineralized Sandy 1 vein which is sub-parallel to the Switchback vein system and between the Arista and Switchback vein systems. In addition to the three holes reported below, one hole hit the vein system, but it was not significantly mineralized in the area of intersection and the results from the final hole are pending. The Sandy vein system is believed to be a feeder to the higher elevation Sasha and Sadie veins drilled from the same drill station located approximately 500 meters to the northeast of the mine's Arista vein system. The Sandy 1 vein is open on dip and along strike to the northwest, whilst southeastern potential, including linkage to the Switchback system, is being evaluated.

Drill highlights in this area include:

Assays by ALS, Vancouver, BC Canada. Metres down hole, Not true width.

Plan View of dedicated exploration Drill Development North for Reference Showing holes referenced in above table (highlighted drill stations have drilling planned for Q3 and q4)

Cross Section view (B-BB), looking northwest, of Sandy 1 vein area to provide context of holes relative to mine workings.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. 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.

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/659037/Gold-Resource-Corporation-Q2-2021-Drill-Results-Adds-Mineralized-Material

How far off is Fresnillo plc (LON:FRES) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Don't get put off by the jargon, the math behind it is actually quite straightforward.

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

See our latest analysis for Fresnillo

The calculation

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$4.1b

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.9%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = US$532m× (1 + 0.9%) ÷ (7.9%– 0.9%) = US$7.7b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= US$7.7b÷ ( 1 + 7.9%)¹⁰= US$3.6b

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$7.6b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of UK£8.2, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

Important assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Fresnillo as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.9%, which is based on a levered beta of 1.116. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Fresnillo, we've compiled three important items you should further examine:

1. Risks: To that end, you should be aware of the 1 warning sign we've spotted with Fresnillo .

2. Future Earnings: How does FRES's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LSE every day. If you want to find the calculation for other stocks just search here.

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

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

• The first drill hole from the North pad, GD21-006 (completed @ 195 meters, 060⁰/-62⁰) and intersected 61.5 meters* of quartz-sulphides (galena, pyrrhotite, sphalerite, chalcopyrite) veining, brecciation and alteration from 72.0 to 133.5 meters downhole length.

• Based on Portable XRF readings returned up to 326 g/t Silver, 1.2% Copper, 7.16% Zinc and 6.77 % Lead (link to images).

• GD21-006 is a 600 meter step out to the north from the Cliff pad confirming mineralization at ~350 meters down-dip and ~450 meters along strike that remains open in all directions (link to images).

• GD21-006 drilled directly below the North pad and was projected to hit the Main Vein @ 120 meters downhole length, however quartz-sulphides veining was intersected starting at 72.0 meters downhole length, with three ~1 meter intervals of more massive quartz-sulphides between 79.0 to 80.5 meters, 86.7 to 88.0 and 117.3 to 118 meters downhole lengths.

• Drill core from the polymetallic mineralization in the 5 drill holes from the Cliff pad have been sent for assaying and first results from GD21-001 are expected shortly.

• A fully funded second drill has been added to the campaign based on the polymetallic mineralization observed. It will include drilling Cloud Nine ~900 meters west of Surebet at depth to confirm if it is a feeder system for the Surebet polymetallic mineralization.

• A minimum of 4 fan drill holes will be completed at the North pad, and additional fan drilling is planned for the Lower and Upper Waterfall, Main and Central and pads of the Surebet Polymetallic Gold-Silver Zone, testing the exposed at surface strike length of ~1000 meters. The drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters.

• A recent airborne geophysical survey and 3D modelling defined a large intrusive body to the west and underlying both Surebet Zone and the entire surrounding area what could be the sources/drivers behind this extensive system of high-grade gold-silver mineralization.

• ~5,000 meters of drilling are planned and will target the extensive Surebet higher-grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.

TORONTO, Aug. 06, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 61.5 meters* drill intercept of quartz-sulphide (galena, pyrrhotite, sphalerite, chalcopyrite) veining, brecciation and associated alteration from the sixth drill hole GD21-006 during the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). Based on the initial observations of extensive polymetallic mineralization in the first five drill holes, a fully funded second drill rig has been added to the maiden 2021 drill program.

Both rigs will continue to trace the full extent of the Surebet Polymetallic Gold-Silver Zone (“Surebet”) along strike and at depth. The recently completed airborne geophysics survey (Magnetics, Electromagnetics) indicates more widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite. The survey also defined the boundary of the major intrusive body to the west along with several offshoot dykes in the immediate area of the known Surebet mineralization, both of which are believed to be part of the driving force of the polymetallic mineralization.

Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Pads at Surebet, testing the exposed at surface strike length of 1000 meters. The drill campaign has been modified focussing on step-back holes to test the mineralized structure to a down-dip extent of 500 meters. In addition, the Company plans on testing the Cloud 9 Gold Zone (“Cloud 9”), and the projected mineralized vertical structure. Cloud 9 is located between ~900 meters west of the Surebet Zone. Here, drilling will test Cloud 9 at depth to confirm if it is a feeder system for the Surebet polymetallic mineralization. If successful, this would extend the down dip depth nearly 1000 meters. Surebet still remains open in all directions.

The recently completed helicopter airborne geophysical survey was flown in 50 meter spacings by Precision GeoSurveys using their exclusive 3 sensor triple boom high resolution instruments (Gradient magnetics, electromagnetics). The data was modelled by both our technical team and Precision GeoSurveys and indicates more widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite body at depth. The survey and 3D modelling defined an intrusive body to the west and underlying both Surebet Zone and the entire surrounding area. The data collected also coincides with some of the documented dikes mapped on surface in the area of the Surebet and beyond. This data has provided valuable information to assist in modelling this newly identified system at depth while providing valuable information to what could be sources /drivers behind this extensive system of high-grade gold-silver mineralization. The planned drilling will test the newly developed models while focusing on expanding the Gold Silver mineralization both along strike and to depth. Our understanding of this system will continue to grow based on the hard data collected as the inaugural drill program moves forward.

GD21-006, first drill hole at the North Pad

GD21-006 is drilled directly below North pad area, where 2020 channel and grab samples yielded intercepts of 5.13 g/t AuEq over 12.3 meters, including 17.86 g/t AuEq over 3.1 meters, and 15.09 g/t AuEq over 5.3 meters including 17.01 g/t AuEq over 4.7 meters (Company news release dated November 10, 2020). It was projected to hit Main Vein quartz-sulphides mineralization ~120 meters* down-hole. However, the drill hole intersected significant veining starting at 73.0 meters to 120.0 meters downhole length. The full interval carried between 5 and 40% quartz-sulphides vein stockwork and breccia, with 100% veining in three local 1 meter intervals.

Significant intervals within the 47 meters* section include:

1.5 meters* from 79.0 to 80.5 meters downhole length:
Quartz-sulphide breccia with galena and pyrrhotite

1.2 meters* from 86.7 to 88.0 meters downhole length:
Massive white quartz vein brecciated by ~15% sulphides, such as pyrrhotite, galena, sphalerite and chalcopyrite

0.7 meters from 117.3 to 118.0 meters downhole length:
Quartz-sulphides vein breccia, ~20% sulphides, such as pyrrhotite, galena, sphalerite and chalcopyrite

The seventh drill hole at Surebet, GD21-007 (at a targeted length of 300 meters, 030°/-62°), is being drilled to the northeast from the North drill pad again under the North channel samples

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 meters at the Surebet Zone (“Surebet” or the “Project”). Currently Surebet averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut sampling taken in 2020. Surebet also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Property is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC 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.

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company 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-constructed, meterage blocks are checked, meter marks are labeled, Recovery and 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, sulphide(s), 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 and the other half is inserted in a plastic bag with an ALS 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. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and PGM-ICP24 methods. Overlimits are re-analyzed using the ME-OG62, Ag-GRA21, and PGM-ICP27 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

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

Surebet is located some 8 kilometers 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 kilometer (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 kilometers 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 press 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 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 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.

(Adds details on sale, background)

Aug 5 (Reuters) – Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada's Asante Gold Corp for $90 million.

The sale comes months after China's Chifeng Jilong Gold Mining cancelled a deal to buy the mine, saying it had not received timely information about the termination of a mining lease.

Resolute Mining shares rose 4.5% to A$0.58 in early trade.

The deal had been approved by Ghana's minister of lands and natural resources and is expected to be completed in the next 10 days, Resolute Mining said in a statement.

The Australian miner, which had acquired Bibiani in 2014, and also operates the Syama gold mine in Mali and the Mako gold mine in Senegal, said it would use $30 million of the proceeds to repay debt. (Reporting by Tejaswi Marthi; Editing by Rashmi Aich)

• All five drill holes completed to date have intersected significant widths of veining and sulphides demonstrating the robust nature of this mineralized system at the Surebet Polymetallic Gold-Silver Zone.

• Rush assays are expected in the immediate future for GD21-001.

• A second drill has been added to the 2021 Maiden Drill program based on mineralization observations of the polymetallic mineralization.

• Drilling is complete at the Cliff Showing with 865 meters in 5 drill holes. The drill has now moved to the North Zone drill pad located ~600 meters north of the Cliff Showing for the first (GD21-006) of several drill holes testing additional along-strike and up-dip extent.

• The final drill hole from the Cliff Showing drill pad, GD21-005 (123 meters, 340⁰/-45⁰) was drilled shallowly towards the north and intersected 27.8 meters* of quartz-sulphide veining, brecciation and alteration from 48.0 to 75.8 meters downhole length.

• The Main Vein was present as a 1.7-meter* intersection of intense quartz-sulphide shear texture and massive vein from 50.5 to 52.2 meters downhole length, enveloped by significant vein stockwork. A second intense 3.5-meter* quartz-sulphide vein breccia and underlying stockwork was intersected from 62.5 to 66.0 meters downhole length.

• Below is a summary of observed drill core intervals with quartz-sulphide veining, brecciation and alteration from the Cliff Showing’s drill holes GD21-001 to GD21-005 (link to images):

  • 57.5 meters* in GD21-001 (drilled Southeast)

  • 23.0 meters* in GD21-002 (drilled Northeast)

  • 78.0 meters* in GD21-003 (drilled Southwest)

  • 67.1 meters* in GD21-004 (drilled South-Southeast)

  • 27.8 meters* in GD21-005 (drilled North-Northwest)

• Sulphides observed include pyrrhotite, galena, sphalerite, chalcopyrite and possible argentite, silver-rich tetrahedrite and electrum (based on Portable XRF Silver readings generally from 1000 to over 5,000 g/t Silver). Spot counts of galena consistently returned 10s to 100s of g/t Ag, with values up to 1,030 g/t Ag.

• Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Zone Showings of the Surebet Zone, testing the exposed at surface strike length of 1000 meters. The second phase of the 2021 drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters.

• ~5,000 meters of drilling are planned and will target the extensive high-grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

^{* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.}

TORONTO, Aug. 05, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 27.8-meters* drill intercept of quartz-sulphide veining, brecciation and associated alteration from the fifth drill hole GD21-005 during the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). Based on the initial observations of extensive polymetallic mineralization in the first five drill holes, a second drill rig has been added to the maiden 2021 drill program.

Both rigs will continue to trace the full extent of the Surebet Polymetallic Gold-Silver Zone along strike and at depth. The recently completed airborne geophysics survey (Magnetics, Electromagnetics) indicates more widespread magnetism at Surebet, likely related to the presence of pervasive magnetic pyrrhotite. The survey also defined the boundary of the major intrusive body to the west along with offshoot dykes in the immediate area of the known Surebet mineralization, both of which are believed to be part of the driving force of the mineralization.

Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Showings of the Surebet Zone, testing the exposed at surface strike length of 1000 meters. The second phase of the 2021 drill campaign is planned to include two rigs focussed on step-back holes to test the mineralized structure to a down-dip extent of 500 meters and now is also planned to test the Cloud 9 gold mineralized vertical structure at depth 800 meters to 1000 meters to the west of the Surebet outcrop. Cloud 9 is indicated to be a secondary vertical structure that intersects and is fed by the Surebet Zone. This drilling will test this model at depth to confirm it is fed by the Surebet system and if successful could dramatically extend the down dip extent to 1000 meters, the Surebet Zone remains open in all directions.

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 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut sampling taken in 2020. Surebet also has 500 meters of vertical relief and 1000 meters of inferred down dip extent. The Project is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC 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.

The final drill hole GD21-005 (123 meters, 340⁰/-45⁰) from the Cliff Showing drilled shallowly towards the north towards the Waterfall Showing, intersected 27.8 meters* (from 48.0 to 75.8 meters downhole length) of quartz-sulphide veining, brecciation and alteration. The interval contained the same assemblage of sulphide minerals (pyrrhotite, sphalerite, galena and chalcopyrite) observed in GD21-001 to GD21-004 along with quartz, brecciation and alteration.

The Main Vein was present as a 1.7-meter intersection of intense quartz-sulphide shear texture and massive vein from 50.5 to 52.2 meters downhole length, enveloped by significant vein stockwork. A second intense quartz-sulphide vein breccia and underlying stockwork was intersected from 62.5 to 66.0 meters downhole length.

GD21-005 undercut an area approximately 60 meters below surface of the southernmost Cliff Showing. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

The top of the quartz-sulphide vein intercept in GD21-005 is located approximately 120 m southwest of the Lower Waterfall Showing, where 2020 channel sampling yielded 13.05 g/t AuEq over 15.1 meters.

Drilling is completed at the Cliff Showing for now. A summary of observed drill core intervals with quartz-sulphide veining, brecciation and alteration from the Cliff Showing’s drill holes GD21-001 to GD21-005 is outlined as follows:

• 57.5 meters* in GD21-001 (drilled Southeast)

• 23.0 meters* in GD21-002 (drilled Northeast)

• 78.0 meters* in GD21-003 (drilled Southwest)

• 67.1 meters* in GD21-004 (drilled South-Southeast)

• 27.8 meters* in GD21-005 (drilled North-Northwest)

Sulphides observed included pyrrhotite, galena, sphalerite, chalcopyrite and possible argentite, silver-rich tetrahedrite and electrum (based on Portable XRF Silver readings generally from 1000 to over 5000 g/t Silver). Spot counts of galena consistently returned 10s to 100s of g/t Ag, with values up to 1,030 g/t Ag.

This drilling will test this model at depth to confirm it is fed by the Surebet Zone and could extend the down dip extent to ~ 1000 meters, it remains open in all directions. The sixth drill hole on the Surebet Zone, GD21-006 (at a targeted length of 300 meters, 030°/-62°), is being drilled to the northeast from the North Showing drill pad, located approximately 600 meters along-strike to the north of the Cliff Showing. Surface channel sampling at the North Showing in 2020 yielded intercepts of 5.13 g/t AuEq over 12.3 meters including 17.86 g/t AuEq over 3.1 m, and 15.09 g/t AuEq over 5.3 m including 17.01 g/t AuEq over 4.7 meters (Company news release dated November 10, 2020).

^{* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they simply give an indication of the presence of certain metal elements in the drill core. Spot measurements referenced here were collected using a Niton XL3t XRF Analyzer, which cannot reliably detect Gold, but does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with Gold. Assay results are pending.}

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company 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-constructed, meterage blocks are checked, meter marks are labeled, Recovery and 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, sulphide(s), 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 and the other half is inserted in a plastic bag with an ALS 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. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and PGM-ICP24 methods. Overlimits are re-analyzed using the ME-OG62, Ag-GRA21, and PGM-ICP27 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

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

Surebet is located some 8 kilometers 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 kilometer (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 kilometers 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 press 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 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 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. – August 5, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report that it has delivered the first batch of trench samples to the ALS laboratory in Thunder Bay, Ontario for assay. Stripping, washing and geological mapping were completed in the two trenched sites in the West Contact Zone. Rock grab samples were collected before the Ministry of Northern Development, Mines, Natural Resources and Forestry issued an Emergency Area Order to control and contain the wildfires in the northwest region of Ontario. This order imposes restriction on the use of equipment required for exploration activities. The Company is assessing the situation and planning to begin an airborne magnetic survey on the property in the coming weeks. The new airborne magnetic survey and trenching data will be analyzed to determine the new drill targets in the West Contact Zone. Please refer to the July 5 press release for details of the 2021 exploration program.

About Thundercloud Property

The Thundercloud Property is located in the Archean Manitou-Stormy Lakes Greenstone belt in Western Ontario, 47 kilometers southwest of Dryden. The geological setting is comparable to the Abitibi Greenstone Belt in Eastern Ontario but the Thundercloud Property is much less explored. The 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 million ounces of gold have been discovered in recent years in the area, 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 a 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/92228

Figure 1

Plan View of the Guayabales Project and Olympus Target

Figure 2

Plan View of the Olympus Mineralized Corridor with Underground Sample Zones 1-6

Figure 3

Photo of Polymetallic Vein Overprinting a Hydrothermal Breccia. Samples grades 19.1 g/t gold and 1,919 g/t silver Over One Meter

Figure 4

Porphyry Style Mineralization with Quartz-Sulphide Veins in Sericite Altered Quartz Diorite from Olympus Mineralized Corridor. Sample Grades 1.63 g/t gold and 60 g/t Silver and 11 ppm Molybdenum

TORONTO, Aug. 04, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update from its Olympus target (“Olympus”) within the Guayabales Project, located in Caldas, Colombia. The Guayabales project 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 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.

“We are very excited about the Olympus target due to its multiple mineralization styles and enrichment of porphyry mineralization by a high-grade vein overprint. Although underground exposures to channel sample were limited due to extensive small-scale mining-related historical timber support, significant high-grades of both gold and silver were encountered over an area measuring 600 x 600 metres with mineralization remaining open in all directions. Work to date at Olympus clearly indicates that there will be multiple targets ready for drill testing in the near future,” commented Ari Sussman, Executive Chairman.

Highlights (Table 1 and Figures 1-4)

The Company has received results from shallow underground channel sampling at its Olympus target within the Guayabales Project. The Olympus target is a NW trending mineralized corridor located in a porphyry intrusive. Gold and silver mineralization is hosted within multiple styles that include high grade vein, porphyry veinlet, breccia and disseminated systems.

• Ten old mine adits have been sampled to date with assay results for the initial six adits reported herein. In all cases, channel sampling was limited to infrequent underground exposures which were not covered by historical post-mining timber support with highlight results as follows:

  • 46.5 g/t gold equivalent over 1 metre (19.1 g/t Au and 1,919 g/t Ag);

  • 39.0 g/t gold equivalent over 2.7 metres (33 g/t Au and 421 g/t Ag);

  • 16.3 g/t gold equivalent over 1 metre (9.7 g/t Au and 464 g/t Ag);

  • 20.8 g/t gold equivalent over 0.9 metre (20.7 g/t Au and 9 g/t Ag);

  • 13.8 g/t gold equivalent over 1.7 metres (9.3 g/t Au and 314 g/t Ag) and;

  • 11.8 g/t gold equivalent over 1 metre (6.1 g/t Au and 399 g/t Ag).

• Porphyry A and B veinlets in sheeted and stockwork zones and associated with disseminated sulphides returned 19 values ranging from 4.7 g/t AuEq to 1.1 g/t AuEq from widths of 2.0 metres to 0.3 metres in available underground exposures. This lower grade mineralization has been overprinted by the high-grade veins.

• The southernmost workings in the target area returned 8.6 g/t AuEq and 8.2 g/t AuEq from a mineralized breccia zone with clasts and matrix of massive sulphide material.

• The Olympus mineralized corridor has been mapped over a width of 600 metres and a NW strike of 600 metres. The target is open in all directions. The 600 metres wide corridor hosts 41 shallow underground adits.

• Underground sampling and surface mapping continues at the Olympus target area.

Table 1: Underground Channel Sampling at the Olympus Target

*a silver/gold ratio of 70:1 has been used to calculate gold equivalent grades.

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 Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. 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. 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 August 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 Olympus Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/914e496f-08d8-4668-8b08-b71538f0d89a

Figure 2: Plan View of the Olympus Mineralized Corridor with Underground Sample Zones 1-6
https://www.globenewswire.com/NewsRoom/AttachmentNg/eec1a367-e6c0-4761-a178-820de038bf36

Figure 3: Photo of Polymetallic Vein Overprinting a Hydrothermal Breccia. Samples grades 19.1 g/t gold and 1,919 g/t silver Over One Meter
https://www.globenewswire.com/NewsRoom/AttachmentNg/f211abca-004a-4358-ab21-e056a2c32cae

Figure 4: Porphyry Style Mineralization with Quartz-Sulphide Veins in Sericite Altered Quartz Diorite from Olympus Mineralized Corridor. Sample Grades 1.63 g/t gold and 60 g/t Silver and 11 ppm Molybdenum
https://www.globenewswire.com/NewsRoom/AttachmentNg/2625b203-5165-4c35-a2b5-6b0859909d32

Potential Strickland Metals Limited (ASX:STK) shareholders may wish to note that the Non-Executive Director, Trent Franklin, recently bought AU$392k worth of stock, paying AU$0.04 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 245%, potentially signalling some real optimism.

View our latest analysis for Strickland Metals

Strickland Metals Insider Transactions Over The Last Year

Notably, that recent purchase by Trent Franklin is the biggest insider purchase of Strickland Metals shares that we've seen in the last year. That implies that an insider found the current price of AU$0.042 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Strickland Metals share holders is that insiders were buying at near the current price.

In the last twelve months Strickland Metals insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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.

Insider Ownership of Strickland Metals

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.3% of Strickland Metals shares, worth about AU$3.3m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Strickland Metals Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Strickland Metals insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 4 warning signs for Strickland Metals (2 are concerning) you should be aware of.

But note: Strickland Metals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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. 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.

ENDEAVOUR ANNOUNCES TOTAL VOTING RIGHTS

London, 02 August 2021 – The following notification is made in accordance with the UK Financial Conduct Authority's (“FCA”) Disclosure Guidance and Transparency Rule 5.6.

As at 6pm on 31 July 2021, the issued share capital of Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company”) was 250,351,307 ordinary shares of US$0.01 each. 310,615 shares were held in Treasury pending cancellation, and therefore the total number of voting rights in the Company as at 6pm on 31 July 2021 was 250,040,692.

This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

CONTACT INFORMATION

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

• 210802 – NR – Total Voting Rights

Toronto, Ontario–(Newsfile Corp. – July 30, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the voting results of its Annual General Meeting (the "Meeting") held on July 29, 2021. Maritime shareholders voted by in excess of 99.2% for the election of Messrs. John Hayes, Garett Macdonald, Mark Ashcroft, Nick Nikolakakis and Tom Yip as the directors of Company. The shareholders also approved the Stock Option Plan by a vote of 99.5% and unanimously approved of the appointment of Davidson & Company LLP, Chartered Accountants to serve as the Auditors of the Company for the coming year. Shareholders holding an aggregate of 48.42% of the shares outstanding voted in person or by proxy at the Meeting.

John Hayes, Chairman of the Board of Directors comments: "On behalf of the Board and Management team, I would like to extend a warm welcome to Tom and Nick.

Mr. Yip most recently served as Executive Vice President and CFO of Pretium Resources and has served as CFO of several miners and explorers, including Silver Standard Resources, International Tower Hill Mines and Echo Bay Mines.

Mr. Nikolakakis most recently served as CFO at Battle North Gold Corp. and has held prominent senior management positions in the mining sector and brings a wealth of experience in financing mining projects.

Tom and Nick add invaluable insight and experience to our Board as we progress the Hammerdown gold project towards project financing, construction and ultimately production. We are honored to have them as part of the Maritime team.

The Company wishes to thank Mr. Peter Mercer for his dedication and contributions to the Company and for his extensive service to Maritime Resources," continued Mr. Hayes.

Stock Option Grant

The Company also announces that it has granted incentive stock options to certain two newly elected directors to purchase up to an aggregate of 2,000,000 common shares in the capital of the Company until July 30, 2026, at an exercise price of $0.18 per share. The incentive stock options were granted in accordance with the Company's Stock Option Plan.

About Maritime Resources Corp.

Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto (Shaw), CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-looking statements include statements concerning the potential to increase mineral resource and mineral reserve estimates, the Company's decision to restart the Project, the Company's plans regarding depth extension of the deposit at Hammerdown, the Company's plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company's plans regarding drilling targets previously identified, the anticipated timing of receiving permits for construction and development of Hammerdown and, and the Company's decision to acquire new mineral property interests and assets, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether the acquisition of assets and new mineral property interests including the Nugget Pond gold circuit will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91732

• One hundred percent of the drill holes completed to date have intersected significant widths of veining and sulphides demonstrating the robust nature of this extensive mineralizing Polymetallic gold-silver discovery.

• The fourth drill hole (GD21-004) from the Cliff Showing drill pad, intersected 67.1 meters* of quartz-sulphide veining, brecciation and associated alteration (link to images).

• 1.6-meters* of the upper vein or “Main Vein” contains quartz, pyrrhotite, galena, sphalerite and chalcopyrite, and is very similar in appearance to the mineralized intercepts of GD21-001, GD21-002 and GD21-003. It is surrounded by 5.5 meters* of intense shearing and brecciation of adjacent host rocks containing up to 30% similar quartz-sulphides veining.

• Two significant intercepts of the lower vein include 2.1-meters* and 3.0-meters* consist of coarse-grained white quartz with clusters of pyrrhotite, sphalerite, galena, and chalcopyrite.

• Goliath’s Portable XRF spot counts of galena consistently returned 10s to 100s of g/t Ag, with values up to 1030 g/t Ag.

• The Main Vein in GD21-004 is located approximately 20 meters up dip of the top of mineralization in GD21-003, while the lower bounding quartz-sulphide vein is 30 meters from the base of the GD-21-003 intercept.

• The Main Vein is intersected 30 meters – below surface of the southernmost Cliff Showing, where a 2019 angular fresh float grab sample returned 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver) (link to image). The occurrence remains open in all directions.

• The top of the quartz-sulphide Main Vein intercept in GD21-004 is located 125 meters south of the Lower Waterfall Showing, where a 2020 channel cut yielded 13.05 g/t AuEq over 15.1 meters.

• A fifth hole (GD21-005; planned depth of ~75 meters; 340⁰/-45⁰), is currently being drilled to the north-northwest from the same drill pad as GD21-001 to GD21-004 and is also projected to intersect the Surebet mineralized shear zone near surface.

• Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Rubble Showings of the Surebet Zone, testing the exposed at surface strike length of 1000 meters. The second phase of the 2021 drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters.

• Up to ~5,000 meters of drilling is planned and will target the extensive high-grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold not as accurately as assays and it does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

TORONTO, July 30, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 67.1 -meter* drill intercept of quartz-sulphide veining, brecciation and associated alteration from the fourth drill hole GD21-004 during the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”).

The 2021 drill campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut sampling taken in 2020. Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Project is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC 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.

GD21-004 (136 meters, 170°/-70°) was drilled towards the south at the Cliff Showing on the same drill pad as GD21-001 (drilled southeast), GD21-002 (drilled northeast) and GD21-003 (drilled southwest). GD21-004 also intersected the Main Vein, two lower “white-quartz” veins, and enveloping stockwork as in the first three drill holes.

GD21-004 intersected 67.1 meters* of quartz-sulphide veining, brecciation and associated alteration from 34.9 to 102.0 meters. The full interval consists of up to 30% (typically ranging 5 and 15%) quartz, chlorite (a water rich Iron-Magnesium-Aluminium silicate), calcite (a Calcium carbonate) and sulphides veining. Sulphides include pyrrhotite (a magnetic Iron sulphide), galena (a Lead sulphide), sphalerite (a Zinc sulphide) and chalcopyrite (a Copper sulphide).

Significant intervals include:

• An initial 1.6 meters* Main Vein interval from 45.3 to 46.9 meters downhole length containing quartz, pyrrhotite, galena, sphalerite and chalcopyrite, and is very similar in appearance to the mineralized intercepts of GD21-001, GD21-002 and GD21-003;

• The Main Vein is surrounded from 42.2 to 47.7 meters downhole length by intense shearing and brecciation of adjacent host rocks containing up to 30% similar quartz-sulphides veining; and

• Two significant 2.1-meters* and 3.0-meters*lower veins from 61.6 to 63.7 meters and 87.0 to 90.0 meters downhole length, respectively; consisting of coarse-grained white quartz with clusters of pyrrhotite, sphalerite, galena, and chalcopyrite.

GD21-004 undercut an area approximately 30 meters below surface of the southernmost Cliff Showing. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

The upper bounding Main Vein in GD21-004 is located approximately 25 meters up-dip of the top of mineralization in GD21-02, while the lower bounding quartz-sulphide vein is 30 meters from the base of the GD-21-003 intercept. The top of the quartz-sulphide vein intercept in GD21-004 is located 125 meters south of the Lower Waterfall Showing, where 2020 channel sampling yielded 13.05 g/t AuEq over 15.1 meters.

The fifth hole on the Surebet Zone, GD21-005 (at a targeted length of 75 meters, 340°/-45°), is being drilled to the north-northwest from the same drill pad as the first three holes in order to further constrain the geometry (true width and orientation) of the Surebet mineralized shear vein at the Cliff Showing.

Goliath has planned for up to 5,000 meters of fan drilling from multiple drill pads to target the extensive gold-bearing quartz-sulphide veining at Surebet both along strike and to depth from surface exposures at the Lower Waterfall, Waterfall, Main, Central and North Rubble Showings. Surface sampling has outlined 1,000 meters of strike length, 500 meters of vertical relief and 1,000 meters of inferred down-dip extent. The drilling will focus on testing the continuity at depth of the high-grade gold-silver mineralization zone exposed at surface averaging 9.84 meters wide at 10.68 g/t AuEq (with 7.59 g/t gold) which remains open (see Company news release dated November 25, 2020).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system. ** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold not as accurately as assays and it does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company 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-constructed, meterage blocks are checked, meter marks are labeled, Recovery and 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, sulphide(s), 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 and the other half is inserted in a plastic bag with an ALS 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. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and PGM-ICP24 methods. Overlimits are re-analyzed using the ME-OG62, Ag-GRA21, and PGM-ICP27 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

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

Surebet is located some 8 kilometers 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 (1,000 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 kilometer (1,000 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 kilometers 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).

The Company has granted stock options for a total of 2,942,731 common shares of the Company to Officers and Directors. These stock options are exercisable at $1.52 each, which was the closing price on July 29, 2021.
These options will expire July 29, 2026 and are governed by the Company's stock option plan.

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 press 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 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 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.

TSX Venture Exchange: NEV

VANCOUVER, BC, July 30, 2021 /CNW/ – Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) announces that following its news release of June 21, 2021, it has received approval from the TSX Venture Exchange ("TSXV") for a shares-for-debt transaction to settle an aggregate of $18,793.48 in indebtedness to the Company's independent directors through the issuance of 221,099 common shares of the Company (the "Settlement Shares"), at a deemed price of $0.085 per Settlement Share (the "Debt Settlement"). Accordingly, the Company announces that it has completed the Debt Settlement. The Settlement Shares are subject to the statutory hold period of four months and a day, expiring December 1, 2021.

Related Party Transactions

Because the Settlement Shares will be issued to directors of the Company, the Debt Settlement will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), which is incorporated into Policy 5.9 of the TSXV Corporate Finance Manual.

The Board of Directors of the Company has determined that neither the value of the shares issued to, nor the aggregate debt settled with respect to, any directors or officers of the Company in connection with the Debt Settlement will exceed 25% of the Company's market capitalization on the date the Debt Settlement was agreed to and on the date hereof. As a result, the Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

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 near Wendover. 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 gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold¹.

¹ Technical Report of the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A., effective May 5, 2021 and prepared by Michael M. Gustin, CPG, and Gary L. Simmons, MMSA Q.P. filed on SEDAR under New Placer Dome Gold Corp.'s Issuer Profile (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 in the Clayton Valley basin near Silver Peak, Nevada, and water right Permit 86863, located in the Lida Valley basin, near Lida, Nevada.

FORWARD-LOOKING STATEMENTS

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and may include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements.

Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Other risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended March 31, 2021, which is available under Company's SEDAR profile at www.sedar.com.

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 or 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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/30/c3191.html

On behalf of the Gold Resource team, I would like to welcome everyone to our second-quarter 2021 results conference call. On the call today, we have Allen Palmiere, president and chief executive officer; Kim Perry, chief financial officer; and Alberto Reyes, chief operating officer.

TORONTO, ON / ACCESSWIRE / July 29, 2021 / PJX Resources Inc. ("PJX")(TSXV:PJX.V) is pleased to announce the option of the historical Estella mine crown grants (the "Estella Property") from Imperial Metals Corporation ("Imperial"). The 14 Estella crown grants are encompassed by PJX's large Dewdney Trail Property (see map below). The property is road accessible and located approximately 30 km northeast of Cranbrook, British Columbia.

John Keating, President of PJX commented: "PJX's Dewdney Trail Property and the Estella Property have potential to host intrusive related gold and copper deposits as well as sedimentary hosted massive silver-lead-zinc mineralization similar to the historical Kootenay King mine located approximately 5 km to the south. The Estella crown grants have had no significant work or exploration since the late 1960's. Having access to the crown grants will allow PJX to complete mapping and geophysics across both the Estella claims and PJX's adjacent large land holdings this summer to define targets to drill."

Estella Option Terms

Subject to TSX Venture Exchange approval, PJX can earn a 100% interest in the Estella Property by making cash payments, or share equivalent payments, to Imperial totalling $250,000 over a 5 year period as follows:

• $15,000 on signing the agreement; and

• $20,000 on or before July 26, 2022; and

• $25,000 on or before July 26, 2023; and

• $30,000 on or before July 26, 2024; and

• $35,000 on or before July 26, 2025; and

• $125,000 on or before July 26, 2026

Upon exercise of the option by PJX, Imperial will retain a Net Smelter Return Royalty ("NSR") of 2% in respect of the Estella Property. PJX will have the right to buy back 50% of the NSR [being a 1% NSR] for $1,000,000, and the remaining 50% of the NSR [being a 1% NSR] for an additional $1,000,000.

Estella Mine Background – (Source: British Columbia Geological Survey, Bulletin 84)

• Estella Mine operated intermittently from 1951-1967.

• Total of 109,518 tonnes of ore was milled, yielding approximately 6,393 kg silver, 5,181 tonnes lead, 9,834 tonnes zinc with minor gold and copper in concentrates.

• Estella deposit is a silver-lead-zinc vein zone that is up to 7 metre in width that cuts Proterozoic age Aldridge sediments adjacent to a younger, Cretaceous age, intrusive called the Estella Stock.

Dewdney Trail Property map with Estella Crown Grants and road/trail access

The geological disclosure and content of this news release has been reviewed and approved by John Keating P.Geo. (qualified person 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.

Corporate Update

The Annual General and Special Meeting of the Company was held on June 29, 2021. The Shareholders of record:

• approved the December 31, 2020, Audited Financial Statements;

• set the number of directors of the Company at six and re-elected John Keating, Linda Brennan, James Clare, Joseph Del Campo, Trygve Hoy, and Victor Bradley;

• appointed McGovern Hurley LLP as Auditors of the Company for the ensuing year; and

• approved the Company's Share Incentive Plan.

PJX continues to advance gold and base metal targets toward the discovery stage on our properties through surface exploration as well as drilling.

We also continue to build strategic partnerships to advance assets including DLP Resource's option of our DD Property and an agreement with Osisko Gold Royalties that was finalized in early 2021, with Osisko paying $1 million for a O.5% NSR royalty interest in PJX's 4 gold properties (Gold Shear, Eddy, Zinger and Dewdney Trail), and purchasing an equity investment in PJX for an additional $1 million.

PJX has identified large target areas with gold, copper, zinc, lead, and silver mineralization across the Dewdney Trail Property to date. The Estella Property option will allow PJX to advance exploration with mapping, prospecting and airborne magnetotelluric and magnetic surveys across both properties to help define targets to drill.

Forest fires in British Columbia have not yet affected our exploration activities. We would like to thank our experienced consulting team of geologists, prospectors, geophysicists, geochemists and drillers for their devotion to advance our exploration targets and maintain safety for themselves and our communities by adhering to health and safety protocols.

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 and base metals. PJX's gold properties (Gold Shear, Eddy, Zinger, Dewdney Trail) and base metal properties (Vine, DD, West Basin, Parker Copper) are located in the historical Sullivan mining district and Vulcan Gold Belt of Cranbrook and Kimberley, British Columbia. Please refer to our web site http://www.pjxresources.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:

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

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", "appears to", "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.

SOURCE: PJX Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/657523/PJX-Resources-Options-Historical-Estella-Mine-Property-From-Imperial-Metals

Figure 1

Plan View of the Guayabales Project and the Box Target

Figure 2

Plan View of the Box Target Highlighting North and South Targets

Figure 3

Plan View of the Box South Channel Sampling Results Illustrating all 2 Metre Sample Interval Values

Figure 4

Box North Porphyry Style Mineralization in Stream Outcrop Illustrating Porphyry Alteration, Silicification, Quartz Veining and Pyrite-Chalcopyrite Veins

TORONTO, July 29, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to provide an exploration update on its Guayabales Project located in Caldas, Colombia. The project 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 the Guayabales Project to be related to multiple mineralized styles that include gold-copper-molybdenum porphyries and associated breccias 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)

The Company´s initial channel and rock sampling at the recently discovered target area called the Box within the Guayabales Project returned promising gold and silver assay results from both vein and porphyry mineralized systems. Surface mapping has demonstrated the presence of two mineralized systems along a stream traverse over a 600 metre horizontal distance. The northern portion of the Box target (“Box North”) hosts porphyry mineralization with a vein overprint and the southern portion of the Box target (“Box South”) contains vein mineralization and occurs 300 metres higher in elevation than Box North. The following results are highlighted:

• Box South is a gossan of weathered sulphides and quartz veining located in a quartz diorite dyke at the faulted contact with carbonaceous schists. The fault zone can be traced for several kilometres and is an important structure for porphyry and vein emplacement. Exposure is related to a landslide surface and outcrop is limited to an area measuring approximately 35 metres X 50 metres. Gold and Silver mineralization is associated with anomalous lead and antimony in the sericite and chlorite altered porphyry and is related to extensive pyrite and quartz veining. Channel sampling returned the following intercepts:

Table 1: Channel Sampling Results*

*The Company’s channel sampling program consists of continuous two metre samples taken along the exposed rock at surface.

• The Box North target is hosted within diorite and quart diorite intrusive. Mineralization relates to sheeted quartz and sulphide veinlets hosting pyrite, chalcopyrite and occasional molybdenum in association with disseminated sulphides. There is also a higher grade vein polymetallic vein overprint. The intrusive bodies display secondary biotite, magnetite and sericite which are typical porphyry alteration assemblages. Exposure is limited to outcrops in streams, nevertheless rock samples returned seven values above 1 g/t gold (gold values of 14.8 g/t, 9.6 g/t, 5.1 g/t, 5.0 g/t, 2.3 g/t, 2.2 g/t and 1.6 g/t) and fifty per cent of the samples are anomalous in gold. All of these samples locate within an anomalous Au, Mo and Ag soil area covering a 400m diameter. Silver and base metal results for the rock samples are still pending.

• The Box target highlights both porphyry and vein style mineralization and a vertical zonation in alteration assemblages from Box South to Box North over an elevation difference of 300 metres. Further follow up work is in progress involving detailed soil and rock sampling. An induced polarization (“IP”) survey is planned to cover this area and other zones with porphyry potential in the near future.

“The Box discovery demonstrates the excellent potential of the Guayabales project which now hosts at least three mineralized porphyry bodies, gold bearing breccia and multiple zones of high grade, gold and silver veins. Our exploration continues to discover new mineralized zones and our reconnaissance work to date has only covered about fifty-percent of the concession. The future looks bright for Collective and we are planning a lot of target drill testing in the near future,” 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).

Technical Information

Rock samples have been prepared and analyzed at Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. 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. 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 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 August 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 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. 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 Box Target
https://www.globenewswire.com/NewsRoom/AttachmentNg/2e97e599-4e55-4a23-a3c5-55c9e65f5871

Figure 2: Plan View of the Box Target Highlighting North and South Targets
https://www.globenewswire.com/NewsRoom/AttachmentNg/2a84a9e2-237c-41a4-9bc3-6b1a9e93132f

Figure 3: Plan View of the Box South Channel Sampling Results Illustrating all 2 Metre Sample Interval Values
https://www.globenewswire.com/NewsRoom/AttachmentNg/458f1ffe-e5b9-4b0c-b146-71565e62ed58

Figure 4: Box North Porphyry Style Mineralization in Stream Outcrop Illustrating Porphyry Alteration, Silicification, Quartz Veining and Pyrite-Chalcopyrite Veins
https://www.globenewswire.com/NewsRoom/AttachmentNg/25af5748-902a-4836-9cb6-2a383cd84b96

DENVER, CO / ACCESSWIRE / July 28, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") declared its quarterly dividend of one cent ($0.01) per common share for the third quarter of 2021 payable on September 30, 2021, to shareholders of record as of September 15, 2021.

After careful consideration and a commitment to best-in-class governance, last quarter the directors of the Company decided to change the frequency with which it will pay dividends and accordingly, has gone to a quarterly dividend payment. Further, the sponsored dividend exchange program under which shareholders may exchange their cash dividends for minted gold and silver rounds has been discontinued effective July 1, 2021 due to its costly nature to administer and limited shareholder participation.

Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission.

About GRC:

Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. 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.

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/657493/Gold-Resource-Corporation-Declares-Quarterly-Dividend

Not for distribution to United States newswire services or for dissemination in the United States

Initiating a 9,000-Metre Follow-Up Drill Program Along the Tarabala Trend and on Additional Exploration Targets

TORONTO, July 28, 2021 (GLOBE NEWSWIRE) — Compass Gold Corporation (TSX-V: CVB) (“Compass” or the “Company”) announced today that it has issued, on a non-brokered private placement basis, a total of 13,387,500 common shares of the Company, at a price of $0.20 per share, for aggregate gross proceeds of $2,677,500 pursuant to the closing of its previously announced private placement (the “Offering”) (see Compass news releases dated July 7, 2021).

Larry Phillips, Compass Gold’s President and CEO, said, "Thanks to the support of our loyal existing shareholders, we are very pleased to have been able to complete our latest private placement so quickly. The fact that this financing was taken up entirely by current shareholders, insiders and our management team has enabled us to substantially reduce dilution for those investors who have supported us in the past. Now, with these funds in hand, we are ready to launch an extensive follow-up drill program to test beneath the exciting near-surface targets that our technical team has identified. We will be reporting results throughout the course of the rainy season between now and November as we advance towards our goal of identifying an open-pittable gold deposit at Sikasso."

Extensive new exploration and drill program launched

Compass has recently identified several targets for follow-up deeper reverse circulation and diamond drilling on the Tarabala Trend. The purpose of the drilling will be to test the width, grade and continuity of previously defined near surface gold mineralization, and determine whether subsequent resource definition drilling is warranted. At the same time, Compass continues to advance exploration throughout its 867 sq. km Sikasso property, where it has identified additional targets that will be drill tested in due course.

Placement Details

In connection with the Offering, the Company paid finder’s fees of an aggregate of $36,300 (in cash), 375,000 common shares (in lieu of cash ), and 556,500 compensation warrants, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Each compensation warrant is exercisable to acquire one common share of the Company at a price of $0.20 for a period of two years following the closing of the Offering.

Insiders of the Company purchased an aggregate of 312,500 shares under the Offering, for aggregate consideration of $62,500. Such participation is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Participation by insiders in the Offering was exempt from: (i) the valuation requirements of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101, as the Company is listed only on the TSX Venture Exchange; and (ii) the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101, as at the time the Offering was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involved interested parties, exceeded 25 per cent of the market capitalization of the Company.

All the shares issued pursuant to the Offering are subject to a hold period expiring four months and one day after the date of issuance. Subsequent to the completion of the Offering, the Company has a total of 86,481,778 common shares issued and outstanding. The Offering is subject to final acceptance by the TSX Venture Exchange.

The securities offered pursuant to the Offering have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Compass Gold Corporation

Compass is a Tier 2 issuer listed 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 km². The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Komana. Mineralization hosted on adjacent and or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property. The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy M. Archibald, P.Geo, is conducting the current exploration program on several anomalous areas of the Sikasso Property, southern Mali.

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:

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.

A look at the shareholders of Galan Lithium Limited (ASX:GLN) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.

Galan Lithium is a smaller company with a market capitalization of AU$244m, so it may still be flying under the radar of many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. We can zoom in on the different ownership groups, to learn more about Galan Lithium.

View our latest analysis for Galan Lithium

What Does The Institutional Ownership Tell Us About Galan Lithium?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

We can see that Galan Lithium does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Galan Lithium, (below). Of course, keep in mind that there are other factors to consider, too.

We note that hedge funds don't have a meaningful investment in Galan Lithium. The company's CEO Juan Pablo de la Vega is the largest shareholder with 7.0% of shares outstanding. For context, the second largest shareholder holds about 6.9% of the shares outstanding, followed by an ownership of 5.5% by the third-largest shareholder.

A deeper look at our ownership data shows that the top 24 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.

Insider Ownership Of Galan Lithium

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our information suggests that insiders maintain a significant holding in Galan Lithium Limited. Insiders have a AU$51m stake in this AU$244m business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.

General Public Ownership

The general public collectively holds 54% of Galan Lithium shares. This level of ownership gives investors from the wider public some power to sway key policy decisions such as board composition, executive compensation, and the dividend payout ratio.

Private Company Ownership

Our data indicates that Private Companies hold 13%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Galan Lithium is showing 5 warning signs in our investment analysis , and 2 of those are a bit unpleasant…

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

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

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

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

• REVENUE STRONG AT $30.8 million

• Cash of $30.5 Million at June 30, 2021

• IMPLEMENTED PROFIT SHARING WITH OUR EMPLOYEES

• FILTRATION PLANT AND DRY STACK EXPECTED TO BE ON BUDGET AND DELIVERED IN Q3 2021

DENVER, CO / ACCESSWIRE / July 27, 2021 / Gold Resource Corporation (NYSE American:GORO) (the " Company ", " We ", " Our " or " GRC ") earned net income of $1.3 million or earnings of $0.02 per share reflecting the adoption of the new Mexican labor reform, effective June 2021, pursuant to which we onboarded all employees from the outsourced third-party provider to our wholly owned subsidiary, Don David Gold Mexico, resulting in a $1.9 million impact on net income. Revenues were strong at $30.8 million and were greater than both the same period in 2020, which had an interruption in production due to COVID-19 and the same period in 2019, which was a more normal year of mining. Cash flow from operating activities was $9.3 million in the second quarter of 2021 bringing our cash at June 30, 2021 to $30.5 million, an increase of $5.1 million for the first six months. The Company produced and sold 9,685 gold equivalent ounces, comprising 5,697 gold ounces and 270,321 silver ounces at an average price per ounce of $1,822 and $26.88, respectively resulting in a total cash cost of $713 per ounce of gold equivalent and an all-in sustaining cost of $1,280 per ounce of gold equivalent.

Allen Palmiere, President and CEO said "Our operations team continues to demonstrate their ability to be nimble and adaptive operators all while focusing on excellent environmental, social and governance practices. Notwithstanding an excellent work culture, there were two lost time incidents at the Don David Gold Mine during Q2 2021, which were investigated, and measures were taken to reinforce adherence to safety protocols. While there were no serious injuries, accidents like these are unacceptable and the Company recognized the need to modify and reinforce the safety program. Accordingly, a series of programs are underway to improve the overall safety culture. Gold production in the second quarter was as expected while silver and base metal production were modestly behind forecast as the team continues to address challenging ground conditions. Accordingly, our all-in sustaining cost per ounce were higher than our guidance at $1280 per ounce of gold equivalent. Notwithstanding this we reinvested $11.2 million into exploration and infrastructure improvements at the Don David Gold Mine and ended the quarter with a cash balance of $30.5 million effective June 30, 2021." Mr. Palmiere went on to say, "Our strong free cash flow per share and dividend yield puts us among the top of our peer group which is not reflected in our share price."

SECOND QUARTER 2021 HIGHLIGHTS

Additional highlights for the three months ended June 30, 2021, are summarized below:

Strategic

• The Company continues to strengthen our senior leadership team with the addition of Alberto Reyes as the new Chief Operating Officer. Mr. Reyes has more than 20 years of international mining experience. This addition adds to the expertise necessary to focus on unlocking the value of our assets while implementing best in class governance.

• $1.0 million distributed in shareholder dividends this quarter, totaling $117.8 million since 2010.

Operational

• Construction of the water filtration plant and dry stack tailings facilities progressed with an expected completion in the third quarter. The dry stack facilities will conserve water, accelerate reclamation of certain areas of the open pit mine as well as extend the life of tailings storage facilities.

• The exploration program progressed with the development of 156 meters of development drifts and 3,421 meters of diamond drilling with 12 drill holes underground at our Arista and Switchback vein systems and 2,069 meters drilled with two surface drill holes at the Aguila project. Additionally, there is a renewed emphasis on satellite areas, including Cerro Colorado and the area surrounding the Aguila project with drilling planned for the second half of 2021.

• With a focus on unlocking the value of the Don David Gold Mine, a total review of first principles commenced to review the geology, metallurgy, block models, mining methods and other key details of the mineral reserve and mineral resource models.

Financial

• Working capital was $32.6 million at June 30, 2021.

• Total cash cost for the quarter was $713 per gold ounce equivalent (after co-product credits). ^[1]

• Total all-in sustaining cost for the quarter was $1,280 per gold ounce equivalent (after co-product credits). ^[1]

2021 Capital and Exploration Investment Summary

The Company's investment in Mexico continued in Q2 2021 with year to date investments totaling $11.2 million. One of the current initiatives taking place at DDGM is a full review and analysis of all remaining capital for 2021 to ensure the budgeted projects continue to align with the key priorities of the organization. Based on the analysis performed to date, it is unlikely that the full amount of guided underground development ($9.8 million) will be spent in 2021 as a result of the mine sequence changes made during the first half of the year.

Gold Regrind Project:Metallurgical testing, full scale design, and engineering of a tailings regrind circuit were completed, including procuring certain components and equipment for this project. The new circuit is expected to increase gold recovery by 6% to 10% by regrinding sulfide mill tailings followed by a leaching circuit to produce doré bars. Completion and commissioning are expected by the first quarter of 2022 due to the manufacturing lead time for specialized equipment, flotation cells and the regrind mill. As of June 30, 2021, $45,000 has been invested in this project with another $1.8 million expected prior to completion.

Dry Stack Project:Significant construction progress was made on the filtration plant and dry stack tailings project which is on track for completion in the third quarter of 2021. The dry stacked tailings will accelerate reclamation of certain areas of the open pit mine, extend the life of current tailings storage facility, and reduce water consumption as approximately 80% of the process water will be available for reuse. As of June 30, 2021, $9.0 million has been invested in this project, $3.5 million in 2021, with another $2.7 million expected prior to completion.

In addition, the open pit is undergoing final preparation work to receive dry stack tailings material, including completion of a new access road.

Dry stack tailings filtration plant

New access road at the open pit

Underground and Exploration Development: Mine development during the quarter included ramps and accesses to different areas of the deposit and exploration development drifts. A total of 1,787 meters of underground development and exploration development, at a cost of $3.3 million, was completed during the year, including access to new exploration diamond drilling platforms on level 17. We plan to invest a total of $1.6 million in exploration development during 2021 and the total expected amount for underground mine development is currently being evaluated but expected to be less than the originally guided amount of $9.8 million as discussed above.

2021 Key Statistics

2021 Q2 Conference Call

The Company will host a conference call tomorrow, Wednesday, July 28, 2021 at 11:00 a.m. Eastern Time.

The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Kim Perry, Chief Financial Officer and Alberto Reyes, Chief Operating Officer will host a live question and answer (Q&A) session.

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/2361/42039 .

To join the call via telephone please use one of the following dial-in details:

Participant Toll Free: 877-545-0320
Participant International: 973-528-0016
Entry Code: 758194

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

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with operations in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. 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.

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

[1] Total cash cost after co-product credits and all-in sustaining cost per gold equivalent ounce sold are non-GAAP financial measures. Please see the Non-GAAP Measures section of the Management's Discussion and Analysis and Results of Operations for a complete reconciliation of the non-GAAP measures.

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/657305/Gold-Resource-Corporation-Reports-Strong-Year-to-Date-Operating-Cash-Flow-of-161-Million

Vancouver, British Columbia–(Newsfile Corp. – July 26, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that it has entered into a definitive arrangement agreement dated July 25, 2021 (the "Arrangement Agreement") with Talisker Resource Ltd. ("Talisker") pursuant to which 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, by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). The proposed Transaction values the Company at approximately $0.095 per Common Share, representing a premium of approximately 36% to the closing price of New Carolin as at July 23, 2021 and approximately 21% to the five-day volume weighted average trading price.

Benefits to New Carolin Shareholders

• Highly attractive premium to New Carolin's shareholders of approximately 36% to the closing price of New Carolin as at July 23, 2021 and approximately 21% to the five-day volume weighted average trading price.

• Opportunity to participate in a leading gold exploration company with a portfolio of highly prospective exploration gold projects and superior liquidity.

• Continued exposure to the Ladner Gold Project through ownership of Talisker shares.

• Access to Talisker's exploration expertise and financial strengthen to enhance the advancement of the Ladner Gold Project.

• Diversifies the Company's single asset risk profile and provides exposure to Talisker's growing portfolio of British Columbia gold assets.

Kenneth Holmes, the President and Chief Executive Officer of New Carolin, commented: "First and foremost, this offer from Talisker brings with it both the financial strength and technical expertise to unlock what we have always believed to be the extraordinary value of our Ladner Gold Project, a district scale property that with the exploration efforts of the Talisker team could potentially host multiple deposits in addition to realizing the true potential of the Carolin Mine. As a tremendous added benefit, the Transaction, at a premium to the current share price, also enables our shareholders to gain exposure to Talisker's large portfolio of highly prospective gold projects in British Columbia, highlighted by the Bralorne Gold Project, and their extensive exploration and development activities that have been underway for some time. We thank all of our shareholders for their support throughout these years."

New Carolin Board of Directors' Recommendation

After consultation with its financial and legal advisors, the Arrangement Agreement was approved unanimously by the board of directors of the Company (the "Board") and the Board recommends that New Carolin shareholders vote in favour of the Arrangement.

The Board received a fairness opinion from Evans and Evans, Inc., which states that the consideration to be received by New Carolin shareholders under the Transaction is fair, from a financial point of view, to New Carolin shareholders.

Transaction Summary

Under the terms of the Transaction, each of the issued and outstanding common shares of the Company will be exchanged for 0.3196 of a Talisker common share (collectively, the "Consideration Shares"), which implies consideration of $0.095 per New Carolin, based on the preceding five-day volume weighted average trading price of the Talisker common shares on the Toronto Stock Exchange (the "TSX"). The Company's 22,267,039 outstanding warrants and 3,880,000 outstanding options will be adjusted so that on exercise the holders will receive Talisker common shares adjusted to reflect the same exchange ratio.

In connection with the Transaction, the Company entered into agreements to settle approximately $500,000 of New Carolin's outstanding payables following closing of the Transaction. In support of the Transaction, Talisker also advanced $400,000 (the "Loan") to New Carolin. As announced on June 28, 2021, the proceeds of the Loan were used to repurchase the net profits royalty previously encumbering a portion of the Ladner Gold Project and for general corporate purposes.

The Transaction has the Company's board and management support, as directors and officers holding 3.2% of issued and outstanding common shares of the Company have entered into voting support agreements with Talisker, pursuant to which they have agreed, among other things, to vote their Common Shares in favour of the Transaction.

The Transaction will be effected by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia), requiring the approval of (i) at least 66 2/3% of the votes cast by the shareholders of New Carolin, and (ii) at least 66 2/3% of the votes cast by the shareholders of New Carolin and the holders of options and warrants, voting together as a single class, at a special meeting of New Carolin securityholders that will be called to consider the Transaction.

In addition to shareholder and court approvals, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX and TSX Venture Exchange approval and the satisfaction of certain other closing conditions customary in transactions of this nature. The Arrangement Agreement contains customary provisions including non-solicitation, "fiduciary out" and "right to match" provisions. The Company has agreed to pay a termination fee to Talisker of $100,000 upon the occurrence of certain termination events. The Arrangement Agreement, which describes the full particulars of the Arrangement, will be made available on SEDAR under the issuer profiles of Talisker and New Carolin at www.sedar.com.

Full details of the Transaction will be included in the New Carolin management information circular which is expected to be mailed to shareholders in August 2021 and made available on SEDAR under the issuer profile of New Carolin at www.sedar.com. The shareholder meeting is expected to be held in September 2021 and the Transaction is expected to close shortly thereafter.

About New Carolin Gold Corp.

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (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

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

Neither 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 the accuracy of this press release.

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 Transaction, the anticipated benefits from the Arrangement, the consideration to be paid and the treatment of Company options and warrants under the Arrangement, the timing for the special meeting of Company shareholders 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/91166

• The third drill hole, GD21-003 (165 m, 220°/-70°) intersected 78.0 meters* of quartz-sulphide veining, brecciation and associated alteration from 49.0 to 127.0 meters (link to images);

• The 53.5 meter* interval from 49.0 m to 102.5 m is similar in appearance to the mineralized intercepts of GD21-001 and GD21-002, containing 10% to 30% quartz vein stockwork which hosts pyrrhotite, sphalerite, galena, chalcopyrite, argentiferous tetrahedrite** and possibly argentite** and electrum** (link to images);

• Goliath’s Portable XRF spot counts of possible argentite** returned over 5000 g/t Silver (link to images);

• The upper bounding quartz-sulphide vein in GD21-003 is located approximately 50 meters down-dip of the top of mineralization in GD21-002, while the lower bounding quartz-sulphide vein is 85 meters down-dip of the base of the GD-21-002 intercept;

• The upper quartz-sulphide vein is intersected 37 meters below surface of the southernmost Cliff Showing, where a 2019, angular fresh float grab sample returned 967.99 g/t Gold Equivalent or AuEq (29.72 oz/t Gold, 97.19 oz/t Silver). The occurrence system remains open in all directions (link to image);

• The top of the quartz-sulphide vein intercept in GD21-003 is located 250 meters south of the Lower Waterfall Showing, where 2020 channel cuts assayed 13.05 g/t AuEq over 15.1 meters;

• A fourth hole (GD21-004) is currently being drilled to the south from the same drill pad as GD21-001, -002 and -003 is projected to intersect the Surebet mineralized shear zone;

• Additional fan drilling is planned for the adjacent Lower and Upper Waterfall, Main, Central and North Rubble Showings of the Surebet Zone, testing an along an exposed at surface strike length of 1000 meters. The second phase of the 2021 drill campaign will include step-back holes to test the mineralized structure to a down-dip extent of 500 meters; and

• Up to ~5,000 meters of drilling are planned and will target the extensive high grade gold-silver discovery from the exposed quartz-sulphide and sulphide occurrences along strike and to depth (link to video).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the exact geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold but not as accurately as assays and does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

TORONTO, July 26, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is very pleased to report a 78.0-meter intercept of from the third drill hole, GD21-003, on the Company’s 2021 maiden diamond drill campaign at its 100% controlled Golddigger Property (the “Property”). The campaign is designed to trace the high-grade gold-silver zone exposed at surface along 1,000 meters (1km) of strike and to a down dip depth over 500 meters at the Surebet Zone (“Surebet” or the “Project”). Currently the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on channel cut sampling taken in 2020. Surebet also has 500 meters of vertical relief and 1,000 meters of inferred down dip extent. The Project is located in a mining friendly jurisdiction in a world class geological setting near Stewart, BC 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.

Dr. Quinton Hennigh, technical advisor to Goliath commented: “Hole GD21-003 displays abundant sulphides, particularly base metal sulphides and sulphosalts. Intensity of mineralization appears to increase with respect to the first two nearby holes, both of which were impressive. The width of the Surebet mineralized zone remains very strong. Given that this hole reaches furthest southwest on this northwest-striking, southwest-dipping structure, the system is clearly open to the southwest where its surface exposure dives under talus cover. In fact, it may be strengthening in this direction, a very intriguing possibility. Goliath is exploring the possibility of drilling further to the southwest to evaluate this possibility. In the meantime, we look forward to completing hole GD21-004, the final hole from this pad, before moving the drill northward.”

Roger Rosmus, Founder & CEO stated, “the continuity of the drilling to date strongly indicates the presence of a very large high grade precious metals system that is showing the ingredients for to be the next big gold discovery in B.C.’s prolific Golden Triangle. With only 50M shares issued and outstanding, plus a strong treasury with no debt, our shareholders are in a great position to build value in short order. Drill results are expected on GD21-001 & 002 in the near future from our 100% controlled Golddigger Property.”

GD21-003 (165 meters, 230°/-70°) drilled at the Cliff Showing on the same drill pad as GD21-001 and -002, but with a southwest orientation. GD21-003 targeted approx. 50 meters down-dip of the quartz-sulphides mineralization of both previous holes to maximize the intersected span on the quartz-sulphide intervals.

GD21-003 (165 meters, 230°/-70°) drilled at the Cliff Showing on the same drill pad as GD21-001 and -002, but with a southwest orientation.

The upper quartz-sulphides veining (now termed the “Upper Zone”) was intersected with a much more prominent alteration halo consisting of silica bleaching and biotite (a water-rich Potassium, Iron-Magnesium Aluminum silicate) in the meters around the veining relative to GD-001 and -002. Several vein phases form imposing sulphides breccia.

Significant intervals occur for 43.0 meters* from 49.0 to 92.0 meters downhole length:

• Initial 17.3 meters* from 49.0 to 66.3 meters of :
  Significant quartz veining and vein-hosted galena (a Lead sulphide), sphalerite (a Zinc sulphide) and pyrrhotite (a magnetic Iron Sulphide), particularly over a 1.0 meter* interval from 58.0 to 59.0 meters with massive quartz-sulphides vein;

• Followed by 3.7 meters* from 66.3 to 70.0 meters of:
  50% massive sulphides as veins crosscutting and brecciate/form stockwork of white quartz veining. Sulphides include pyrrhotite, galena, argentite (a Silver sulphide), native Silver, sphalerite, chalcopyrite (a Copper Sulphide) and tetrahedrite (a Copper-Antimony Sulphur salt);

• Followed by 3.2 meters* from 70.0 to 73.2 meters of:
  Biotite and Iron carbonate altered wallrock, intensely sheared containing ~5% angular centimeter-scale fragments of grey quartz vein material, itself crosscut by centimeter-wide white quartz veins, containing ~5% sulphides including galena, sphalerite and pyrrhotite;

• Followed by 18.8 meters* from 73.2 to 96.4 meters of:
  Moderate biotite and silica alteration hosts 10 to 30% centimeter- to decameter-scale white quartz, ±chlorite and ±pyrrhotite veins;

• Followed by 5.6 meters* from 96.4 to 102.0 meters of:
  ~20% white quartz and ±scheelite (a Calcium-Tungsten mineral)** vein stockwork containing clusters of sphalerite (~2%), galena (~1%) and argentite (a Silver sulphide)** (~0.1%);

• Followed by 0.5 meters* from 102.0 to 102.5 meters of:
  Coarse-grained white quartz vein with ~4% clotted sphalerite, ~3% specularite (an Iron oxide derived from magnetite) and ~1% galena;

• Followed by 1.5 meters* from 102.5 to 104.0 meters of:
  Orange calcite dusting overprints intense ductile deformation foliation with disseminated and clustered pyrite (an Iron sulphide) (~5%) and pyrrhotite (~1%); and

• Followed by 23.0 meters* from 104.0 to 127.0 meters of:
  Calcite (~20%), pyrite (5-10%), pyrrhotite (~1%) and chlorite (a water-rich Iron-Magnesium Aluminum silicate) stringers.

GD21-003 undercut an area approximately 37 meters below surface of the southernmost Cliff Showing. The Cliff Showing previously yielded a fresh angular float sample assaying 967.99 g/t AuEq (29.72 oz/t Gold, 97.19 oz/t Silver), and is located 90 meters along strike to the south of the Lower Waterfall Showing of 13.05 g/t AuEq over 15.1 meters (true width).

The upper bounding quartz-sulphide vein in GD21-003 is located approximately 50 meters down-dip of the top of mineralization in GD21-002, while the lower bounding quartz-sulphide vein is 85 m down-dip of the base of the GD-21-002 intercept. The top of the quartz-sulphide vein intercept in GD21-003 is located 250 meters south of the Lower Waterfall Showing, where 2020 channel cut yielded 13.05 g/t AuEq over 15.1 meters.

The fourth hole on the Surebet Zone, GD21-04 (at a targeted length of 150 meters, 170°/-70°), is being drilled to the south from the same drill pad as the first three holes in order to further constrain the geometry (true width and orientation) of the Surebet mineralized shear vein at the Cliff Showing.

Goliath has planned for up to ~5,000 meters of fan drilling from multiple drill pads to target the extensive gold-bearing quartz-sulphide veining at Surebet both along strike and to depth from surface exposures at the Lower Waterfall, Waterfall, Main, Central and North Rubble Showings. Surface sampling has outlined 1,000 meters of strike length, 500 meters of vertical relief and 1,000 meters of inferred down-dip extent. The drilling will focus on testing the continuity at depth of the high-grade gold-silver mineralization zone exposed at surface averaging 9.84 meters wide at 10.68 g/t AuEq (with 7.59 g/t gold) which remains open (see Company news release dated November 25, 2020).

* The stated lengths in meters are downhole core lengths and not true widths. True widths will be calculated once more drilling can confirm the geometry of the quartz-sulphides system.
** Readers are cautioned that Portable XRF (X-Ray Fluorescence) spot counts are not equivalent to laboratory assays; they give an indication of the presence of certain metal elements in the drill core. The Portable XRF instrument can detect Gold but not as accurately as assays and does detect the geochemical pathfinder elements such as Silver, Copper, Zinc, Lead and Tungsten that are commonly associated with gold. Assay results are pending.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew of a company 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-constructed, meterage blocks are checked, meter marks are labeled, Recovery and 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, sulphide(s), 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 and the other half is inserted in a plastic bag with an ALS 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. At ALS, samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP41, Ag-AA61 and Au-ICP22 methods. Over limits are re-analyzed using the ME-OG-46, Ag-GRA, Ag-AA62 and Au-GRA22 methods. If Gold is higher than 5 g/t, ALS will re-analyze using Metallic Screening (Au-SCR24C) method.

Golddigger Property

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

Surebet is located some 8 kilometers 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 (1,000 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 kilometer (1,000 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 kilometers 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).

The Company has granted stock options for a total of 390,000 common shares of the Company to Officers and Directors a. These stock options are exercisable at $1.29 each, which was the closing price on July 23, 2021.
These options will expire July 23, 2026 and are governed by the Company's stock option plan.

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 press 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 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 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.

Toronto, Ontario–(Newsfile Corp. – July 26, 2021) – Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce drill results from its ongoing 40,000 metre ("m") exploration program. The results reported are from drilling at the Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are ongoing with two diamond drill rigs completing remaining infill and exploring along the highly prospective Hammerdown Deformation Zone. Drilling is set to begin on several new regional targets along the Spucy Pond Gold Trend (located 5 km east of the Hammerdown deposit), Gull Ridge and Whisker Valley throughout 2021 and into 2022.

Highlighted Drill Intercepts from Hammerdown

• 39.98 gpt Au over 2.05m, including 140.16 gpt Au over 0.20m (MP-21-188)

• 26.94 gpt Au over 0.20m (MP-21-185)

• 22.55 gpt Au over 0.35m (MP-21-187)

• 15.2 gpt Au over 0.55m, including 40.21 gpt Au over 0.20m (MP-21-186)

• 12.70 gpt Au over 1.40m, including 23.81 gpt Au over 0.20m and 51.20 gpt Au over 0.20m (MP-21-185)

• 6.93 gpt Au over 2.25m, including 13.60 gpt Au over 0.60m and 11.17 gpt Au over 0.50m (MP-21-185)

• 6.02 gpt Au over 1.82m including 23.41 gpt Au over 0.40m (MP-21-185)

Definition Drilling Completed at Hammerdown

Maritime has completed a definition drilling program within the conceptual open pit shell at the Hammerdown deposit consisting of thirty-seven (37) diamond drill holes totalling 4,944 metres. The holes were placed at important locations along the strike length of the deposit to confirm the interpretation and continuity of the mineralization for resource modelling. Drill hole MP-21-188 intersected the high grade M08 zone as expected, returning a high-grade interval of 39.98 gpt Au over 2.05m, including 140.16 gpt Au over 0.2m. Drill hole MP-21-185 successfully intersected 15 separate veins in the core of the deposit highlighted by several high grade intervals including 12.70 gpt Au over 1.40m, 6.93 gpt Au over 2.25m and 6.02 gpt Au over 1.82m. Additional drilling is planned approximately 150m from the eastern edge of Hammerdown where the deposit is open along strike and at depth with excellent potential to extend the mineralized vein system. Previous drilling in 2020 intersected 6.9 gpt Au and 12.9 gpt Ag over 6.0m, including 19.9 gpt Au and 24.1 gpt Ag over 2.0m in drill hole GA-20-35 (see press release dated February 1, 2021).

"These drill results further confirm the continuity of the high grade, near surface gold system at Hammerdown. Drilling was completed in several areas of the deposit where high grade veins were not consistently sampled by historic operators. This provides an opportunity to gather additional data and better define the vein extents as we update the mineral resource estimate," commented Garett Macdonald, President and Chief Executive Officer. "There are currently two drills on site with one drill rig focusing on the Orion North target and the other kicking off our regional exploration program by targeting the new Timber Pond and Birchy Island Pond VTEM anomalies on the east side of the property," continued Mr. Macdonald.

Figure 1: Hammerdown Drill Hole Locations – Plan View Click to enlarge

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4548/91160_b0bd81cf14d21baf_001full.jpg

Table 1: Hammerdown Drill Hole Composites

Note: Gold assay values are not capped and interval lengths are approximately true width

Table 2: Drill Hole Locations and Orientations

Analytical Procedures:

All samples assayed and pertaining to this press release were completed by Eastern Analytical Limited ("EAL") located at Springdale, Newfoundland and Labrador. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime. Samples are delivered in sealed plastic bags to EAL by Maritime field crews where they are dried, crushed, and pulped. Samples are crushed to approximately 80% passing a minus 10 mesh and split using a riffle splitter to approximately 250 grams. A ring mill is used to pulverize the sample split to 95% passing a minus 150 mesh. Sample rejects are securely stored at the EAL site for future reference. A 30-gram representative sample is selected for analysis from the 250 grams after which EAL applies a fire assay fusion followed by acid digestion and analysis by atomic absorption for gold analysis. Other metals were analyzed by applying an acid digestion and 34 element ICP analysis finish. EAL runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

About Maritime Resources Corp.

Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

On Behalf of the Board:

Garett Macdonald, MBA, P.Eng.
President and CEO

For further information, please contact:

Tania Barreto, CPIR
Head of Investor Relations
1900-110 Yonge Street, Toronto, ON M5C 1T4
info@maritimegold.com
www.maritimeresourcescorp.com

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Qualified Person:

Exploration activities at the Hammerdown Gold Project and Whisker Valley are administered on site by the Company's Exploration Manager, Larry Pilgrim, P.Geo and Technical Advisor Jeremy Niemi, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Caution Regarding Forward-Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-looking statements include statements concerning the potential to increase mineral resource and mineral reserve estimates, the Company's decision to restart the Project, the Company's plans regarding depth extension of the deposit at Hammerdown, the Company's plans regarding completing additional infill and grade control testing within the PEA mine plan, the Company's plans regarding drilling targets previously identified, the anticipated timing of receiving permits for construction and development of Hammerdown and the Company's decision to acquire new mineral property interests and assets, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including market reaction to the coronavirus outbreak; competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision at Hammerdown and executing exploration programs at its Newfoundland and Labrador properties on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether the acquisition of assets and new mineral property interests including the Nugget Pond gold circuit will be completed in the manner currently contemplated by the parties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91160

Gold has long been regarded as a safe haven in times of market turmoil. Gold stocks, as represented by the VanEck Vectors Gold Miners ETF (GDX), have dramatically underperformed the broader market over the past year as the U.S. and other economies have begun to recover amid the global pandemic.

VANCOUVER, BC / ACCESSWIRE / July 22, 2021 / Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce it has identified several new targets of interest from a high resolution geophysical survey on the Jackpot lithium property. The survey, conducted by Novatem Airborne Geophysics, identified several east-west trending structural features oriented parallel to several lithium-rich pegmatite dykes within the Jackpot lithium deposit itself. The Company will mobilize a ground crew to site as soon as possible to investigate these structures with overburden stripping and rock and channel sampling.

J.C. St-Amour, President of Infinite Ore commented, "The resolution of this survey is of better quality than we have previously seen on the property. Therefore, we were able to immediately identify multiple areas of interest for boots on the ground follow up this summer. These lithium bearing dykes tend to come in swarms and bear a strong resemblance to the Jackpot lithium deposit, which we know is mineralized. I am very excited to get the crew in the field to explore these targets. The goal is to identify and properly explore multiple lithium-bearing-granitic dykes to build a sizeable lithium resource on the property. The lithium market remains very robust, and the Jackpot lithium property is well located, as we are surrounded by other explorers which have made significant lithium discoveries. This property is our focus and we are keen to discover its full potential."

The Company's 100% owned Jackpot project is located in close proximity to the Georgia Lake lithium deposit, for which Rock Tech Lithium Inc. recently announced its intent to develop a lithium sulphate production facility in Thunder Bay, Ontario. The Jackpot property contains known pegmatite showings, including two that contain historical resources of 2 million tons at 1.09% Li₂O and 750,000 tons at 1.38% Li₂O*.

Figure 1: Geophysical map of the Jackpot project.

Qualified Person

The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company as not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The Company is focused on its Jackpot lithium project located near Nipigon in Northern Ontario. The company has entered into an LOI to sell its interest in its gold and VMS land package in the Confederation Lake assemblage belt near Red Lake, Ont.

ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President

FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

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.

FORWARD LOOKING STATEMENTS: 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. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. 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. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.

View source version on accesswire.com:
https://www.accesswire.com/656600/Infinite-Ore-Identifies-Potential-New-Lithium-Exploration-Targets-From-Geophysics-at-Jackpot-Lithium-Project

TORONTO, July 21, 2021 /CNW/ – Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") announces that LAURION's management has been in communication with the Northern Development, Mines, Natural Resources and Forestry (MNRF), and received notification that as of July 21, 2021, MNRF issued an industry-wide Emergency Area Order, that mineral exploration activities such as diamond drilling, stripping and trenching, channel sampling, use of metal tracked equipment and rubber-tired equipment, surveys using a generator and road or trail building covering restricted fire zones over specified areas, are prohibited in order to protect public safety and facilitate effective fire suppression.

LAURION reports that its drilling program at the Ishkoday Property has thus been paused due to a very active fire season across Northern Ontario with high temperatures, dry conditions and frequent thunderstorms contributing to multiple large forest fires, and thus temporarily rendering the field environment unsafe for drilling on the Ishkoday Property. LAURION will monitor the situation closely and will safely resume its full exploration and drilling activities immediately after the Emergency Area Order is lifted.

The Ishkoday Property is located 28 km north-east of the town of Beardmore and 220 km north-east of Thunder Bay, Ontario.

The LAURION exploration team has met its planned 2021 exploration planning targets. LAURION has completed 60% of its drill program target of 10,000 m to date and is awaiting further assay results to consolidate, integrate and correlate the assay results into its GIS database and 3D modelling, prior to reporting to its investors. LAURION has fortuitously completed its planned program of stripping, trenching and channel sampling of the A-Zone and MacLeod Zone. The Corporation is also awaiting the final assays of the channel sampling on both of these zones.

During this Emergency Area Order period, LAURION will continue with its exploration program of prospecting and geochemical soil sampling following up on geophysical surveys of anomalies north of the Namewaminikan River, ensuring the safety of its exploration team while cognizant of the dry conditions of the field.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, P Geo., a consultant to Laurion, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 233,473,342 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

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

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, 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 in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

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

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/July2021/21/c8113.html

SUDBURY, ON / ACCESSWIRE / July 20, 2021 / Northern Superior Resources ("NorthernSuperior" or the "Company") (TSXV:SUP)(OCTQB:NSUPF) is pleased to announce that it has initiated plans to define the northern and eastern extension of the gold "footprint" associated with the NI 43-101 compliant (640,000 ounce at 1.7 g/t gold inferred) CBSZ gold deposit on its large (30km by 15km, 12,545 hectare), 100% owned Croteau Est gold property, Quebec.

The Company will test the northern and eastern extension potential of the CBSZ with a 2,530m, 220-hole reverse circulation (RC) drill program, scheduled to commence in August. The CBSZ gold deposit is currently defined from only 64 drill holes, 350m maximum depth over a 550m strike length, open at depth and open along strike both to the east and west. Within the CBSZ, gold is hosted in a 75-120m wide, east-west trending sericite-carbonate alteration zone and associated stockwork quartz veins.

In defining the original CBSZ discovery, several trenches exposing the CBSZ returned mineralized bedrock grab samples. Highlighted assays include (see Northern Superior press releases July 20, 2011, November 12, 2013):

• 15.0g/t Au;

• 52.8g/t Au;

• 68.7g/t Au; and

• 58.8g/t Au.

From these same trenches channel samples were also taken, highlighted assay values include (see Northern Superior press releases, October 12, 2011, July 5, 2017):

• 92.57g/t Au over 1m or 12.8g/t Au over 7.8m;

• 14.37g/t Au over 7.5m; and

• 8.49g/t Au over 5.7m.

Gold within the CBSZ is associated with at least 9 high grade gold shoots. Highlighted intersections reported include (see Northern Superior press release November 13, 2017, January 10, 2018):

• High grade widths of up to 11.06 g/t Au over 9.10m (including 43.75 g/t Au over 2.00m),

• 61.24 g/t Au over 5.95 m(including 705 g/t Au over 0.5 m)

• High grade mineralization occurring >400 m vertical depth: 7.50 g/t Au over 7.95m (including 56.40 g/t Au over 1.00m) between 489.90m to 497.85m; and

• Wide mineralized widths of up to 1.99 g/t Au over 34.65m (including 9.46 g/t Au over 2.35m).

All 9 high grade gold shoots are of mineable width and grade, dip to the east and are contiguous, as evidenced by the 96% hit rate experienced in the Company's 2017 core drill program (see Northern Superior Corporate Presentation, www.nsuperior.com). The mineralization was proven to extend directly to surface by projecting the shoots to surface and exposing it. This shoot consisted of two zones of >10g/t Au, 2.5m x 2.0 m and 2.0m x 0.5m, enclosed by a halo of >5g/t Au, 7.0m x 2.5m in turn enclosed by a halo of gold mineralization of >3g/t Au over an area of 8.0m x 3.0m (see Northern Superior press release, November 3, 2014).

Dr. T.F. Morris, President and CEO states: "The CBSZ is a gold deposit consisting of high-grade gold material, existing within a large alteration system open at depth and strike to the east and west. The potential extension of the high-grade shoots at depth remains a compelling target with a supportive geological model as witnessed by our 96 percent success rate with our Phase II 2017 drill program.

However, the Company has evidence that the CBSZ gold footprint extends farther north (at least by 600m) and along strike both east and west beyond what is currently defined, encompassing the tuffaceous sediments and the Croteau North Shear Zone (CNSZ) that are aligned parallel to the CBSZ (Figure 1). This evidence is derived from overburden sampling programs, trenching and core drilling. The same programs also included the CBSZ, thus providing a direct comparison of the various heavy mineral and geochemical signatures between the two data sets.

As such, before launching into a core drill program specific to testing the CBSZ at depth, the Company has designed an RC program to test the viability of a broader gold target north and east of the of the CBSZ (Figure 1)."

"It is important to note that the Croteau Est property is a large 30km by 15km land package and despite having a 640,000 oz 1.7g/t gold inferred resource on a very small portion of its land package, the remainder of this property remains largely under explored. With success from this RC program we see potential to step out further onto our numerous regional targets on the property (see Figure 2)."

The RC Program

The RC program is designed to address three primary issues, the answers to which are necessary in determining the potential economic viability of a larger gold footprint north and east of the CBSZ. These include:

1. Accurately determine the distribution and lithogeochemistry of the three primary lithological units (CBSZ, CNSZ and intervening tuffaceous sediments);

2. Determining if the package of primary lithological units should be considered as an economic target as opposed to just the CBSZ; and

3. Determining the extension of these three units past the Croteau Fault and how both the Croteau Fault and Croteau Deformation Zone may play a role in gold mineralization within this system.

To achieve these goals, the RC program will cover a rectangular area 600m by 1km (Figure 1) consisting of a 50 x 100m spaced grid of approximately 200 RC holes. Each hole will penetrate into the bedrock surface 1.5m. The lower basal till (overburden material lying directly over bedrock) and bedrock chips will be collected. The basal till will be processed for gold grains and geochemical analysis. The lithology and geochemistry of the bedrock chips will be determined.

The area to be drilled includes both the CBSZ and CNSZ and the intervening area of tuffaceous sediments. Also captured is the projected northeast extension of quartz porphyry dykes thought critical to high grade gold mineralization associated with the CBSZ mineral resource. In addition, sections of the Croteau Fault and Croteau Deformation Zone occur within the eastern side of the RC test area (Figure 1).

Within the area to be drilled are anomalous gold grain-in-till, (Figure 3), mobile metal ion (Figure 4) and soil gas hydrocarbon signatures (Figure 5). The size and intensity of these anomalous values will be tested from the results of this program, important in defining specific target areas within the system.

* Reference for Northern Superior's 640,000 ounce Inferred Gold Resource: "Drabble, Mark (B. App. Sci. (Geology), MAIG, MAusIMM); Glacken, Ian (BSc Hons (Geology), FAusIMM (CP), MIMMM, CEng; Kahan, Cervoj (B. App. Sci., MAIG, MAusIMM); Morgan, Rebecca (BSc Hons (Geology), GDip (Mining), MAIG, MAusIMM). October 12, 2015. Technical Report on the Croteau Est Gold Project, Québec September 2015, Mineral Resource Estimate."

Qualified Person

T.F. Morris (PhD, P.Geo., FGAC, ICD.D) 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.

About Northern Superior Resources Inc.

The Croteau Est gold property is one of three key mineral properties 100% owned by Northern Superior. The Company's two other properties (TPK and Lac Surprise) also represent regional scale exploration opportunities (see Northern Superior Corporate Presentation, www.nsuperior.com).

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 Venture Market under the symbol NSUPF.

For Further Information

Please refer to Northern Superior news available on the Company's website (www.nsuperior.com) and on SEDAR (www.sedar.com) or contact:

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

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such 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.

Figure 1. Location of the RC grid, defined by the red rectangle 600m north-south by 1km east-west. The drill area captures several key lithological and structural units including the CBSZ and CNSZ and intervening tuffaceous units plus quartz-feldspar porphyry dykes (QFP), the Croteau Fault and Deformation Zone. See text for details.

Figure 2. The CBSZ 43-101 compliant resource occurs at the intersection of the east to west oriented Croteau Bouchard Shear Zone and the northeast to southwest oriented Croteau Fault. There are at least 11 other such opportunities that occur on the Croteau Est property where east-west oriented shear zones are cross-cut by northeast to southwest faults. Gold showings at several of these intersections including Trench 101, Area # 5 and Croteau South emphasize this opportunity.

Figure 3. Gold grain-in-till anomalies derived from surface overburden sampling and basal tills sampled From RC programs. A basal till sample collected immediately down-ice from an exposed high grade shoot yielded 877 gold grains, 844 of which were pristine grains (96%) indicating very close proximity to source. The RC basal till associated with RC hole CRO15-186 yielded 244 gold grains, 172 of which were pristine (70%). This on its own is a very compelling target as the background value for gold grains in this area is close to 1.

Figure 4. Mobile metal ion gold signature (MMI: areas of red). Note the strong MMI anomaly associated with the CBSZ where the QFP dykes occur. This makes the large red MMI anomaly in the northwest part of the RC grid particularly compelling.

Figure 5. Soil gas hydrocarbon gold anomalies (SGH: areas of dark red). Interestingly, the CBSZ does not have a significantly large SGH signature. However, the RC grid contains several very large and strong SGH signatures.

SOURCE: Northern Superior Resources Inc.

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TSXV: NEV

VANCOUVER, BC, July 20, 2021 /CNW/ – Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to announce that its joint venture partner, New Placer Dome Gold Corp. ("New Placer Dome") (TSXV: NGLD) has presented plans for the 2021 resource expansion and exploration program at the Kinsley Mountain Gold Project ("Kinsley Mountain") in Nevada. Nevada Sunrise holds a 20.01% interest in the Kinsley Mountain joint venture, with New Placer Dome, as operator, holding a 79.99% interest.

Kinsley Mountain is located 90 kilometres (56 miles) south of the Long Canyon Mine¹, operated by Nevada Gold Mines. Kinsley Mountain hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone ("WFZ") of 302,000 ounces of gold grading 6.11 grams/tonne gold (1.54 million tonnes)¹.

Building on a successful 2020 campaign, the 2021 Kinsley Mountain exploration program will, subject to financing, comprise resource expansion and drilling on three new discovery areas, and a significantly expanded program of induced polarization ("IP")/resistivity geophysical surveys.

The 2020 Kinsley Mountain reverse circulation ("RC") and diamond drill campaign comprised 49 drill holes totaling 17,970 metres and tested five targets within the greater resource area (Figure 1). Exploration drilling during 2021 is anticipated to build on new mineralized intercepts and expand the current indicated and inferred resources at the WFZ, Main Pit North Oxide and Secret Spot targets (Figure 2).

Highlights of the 2020 Kinsley Drilling include²:

Western Flank – West side resource expansion drilling yields

• 10.22 grams/tonne gold ("g/t Au") gold over 6.1 metres within a broader zone grading
  2.63 g/t Au (sulphide) over 38.10 metres in KMR20-017

Western Flank – Central yields second highest-grade Dunderberg shale intercept

• 1 g/t Au (sulphide) over 7.6 metres, including 24.1 g/t Au (sulphide) over 4.6 metres lower zone,

• 9.08 g/t Au (sulphide) over 6.1 metres upper zone in KMR20-026

Main Pit North Oxide Target yields high-grade intercepts 75 m outside current pit shell

• 9.83 g/t Au over 7.6 metres high grade shallow oxide

Secret Spot Target surface oxide New Discovery multiple intercepts including

• 1.77 g/t Au over 25.3 metres in new surface oxide discovery in KMD20-007B

• 3.81 g/t Au over 11.6 metres; including 11.3 g/t Au over 2.9 metres in KMD20-006

IP/resistivity geophysical surveys competed during 2020 at the WFZ and Shale Saddle target areas show a correlation between chargeability and drill confirmed high grade gold sulphide mineralization. Expanded infill IP/resistivity geophysical surveys for 2021 are planned to extend south to the Secret Spot target and north to frontier areas of the under-explored Kinsley North. At Kinsley North, detailed soil geochemical surveys reveal broad arsenic in soil anomalies coincident with north-trending normal and low angle detachment faults coincident with the prospective Pogonip-Notch Peak contact (the same host horizon as Long Canyon¹) and Dunderberg shale rocks at depth cut by late northwest trending structures that are important gold mineralization hosts within the Kinsley resource area.

Key Points for 2021 Kinsley Mountain Exploration Program:

• Continued resource definition and exploration drilling on 3 priority targets;

• Western Flank Zone – Resource expansion drilling that is open to the west and east, and testing new near-resource targets generated by recent IP/resistivity survey results;

• Secret Spot – Mapping and drilling to define the new surface oxide gold discovery;

• Secret Spot – Deep drilling targeting Transverse fault / Secret Canyon shale intersection following up on highest assay results to date at Secret Spot >10 g/t Au returned during 2020 campaign;

• Main Pit North high-grade oxide discovery continued shallow RC drilling to further delineate near pit mineralization at <150 metres vertical depths; and

• Expanded IP/resistivity geophysical surveys to cover the Secret Spot target and under-explored Kinsley North targets, in addition to drill testing of Shale Saddle IP anomaly.

Methodology and QA/QC

Assaying was performed by ALS Global ("ALS"), of Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of New Placer Dome, Nevada Sunrise, and their respective Qualified Persons. RC drill samples were subject to crushing to a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. Gold determination was via standard 30-gram fire-assay analysis with atomic absorption spectroscopy ("AAS") finish, in addition to 51 element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject to leach analysis where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS.

As operator at Kinsley Mountain, New Placer Dome follows industry standard procedures for the work carried out the Project, with a quality assurance/quality control ("QA/QC") program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. New Placer Dome detected no significant QA/QC issues during review of the data. Nevada Sunrise is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr., CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Allender has examined the information provided by New Placer Dome, which includes the data disclosed underlying the information and opinions contained herein.

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 near Wendover. 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). Long Canyon Mine is not necessarily indicative of mineralization within Kinsley Mountain Project area.

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

This release may contain forward–looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the interpretation and actual results of historical production at Kinsley Mountain, reliance on technical information provided by third parties on any of our exploration properties, including access to historical information on the Kinsley Mountain property as well as specific historical data associated with drill results from the property, technical information received from New Placer Dome Gold Corp., current exploration and development activities; changes in project parameters as 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; failure of New Placer Dome Gold Corp. to complete anticipated work programs; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months ended March 31, 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.

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 or 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

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