Day: October 17, 2019

Advance Gold Proposes Extension to Convertible Debenture

Advance Gold Corp. announces that,subject to the approval of the TSX Venture Exchange, it proposes to extend the conversion period of its $100,000 convertible debenture issued November 20, 2018, with a conversion date of November 20, 2019, by one year to November 20, 2020.

Galore Announces Implementation of a Shares for Services Arrangement on its Drill Contract and Closing on a First Tranche of its Private Placement

Galore Resources Inc. announced the completion of 1667.2 meters of core drilling at it’s 100% owned El Alamo claim. Results from the balance of the drill holes are still at the lab pending release. According to Galore’s geologists and as reported in Galore’s September news release, the drill results to date indicate a lower and much larger zone of mineralization associated with brecciated limestone, interpreted to represent a large structure dipping to the south. For this reason Galore has decided to cease drilling in order to map and sample this trend at the base of El Alamo hill and redesign the drill program. We look forward to resuming drilling very soon.

Millrock Reports Exploration Agreement on Goodpaster Gold Project, Alaska

Millrock President & CEO commented: “Upon completion of the due diligence period, Millrock will be very pleased to enter the contemplated agreement. Under the agreement terms, Millrock will become a significant shareholder of N27 giving great leverage if ore bodies are discovered. The planned US$5,000,000 exploration program for 2020 will provide funds for a thorough test of the compelling drill target we have developed at the West Pogo Block of the project, which is immediately adjacent to the Pogo Gold Mine. N27 shares our view that the Goodpaster Gold District has the potential to become one of the world’s great gold mining camps. As well, over the next two years, at least US$2,000,000 will be devoted to advancing other intriguing prospects we have developed.”

Magellan Gold Corporation Enters into an Agreement to Acquire the Santa Maria Mine from Golden Minerals Company

Magellan Gold Corp has entered into a binding agreement, dated October 16, 2019, with Golden Minerals Company for the assignment of the option to earn a 100% interest in the Santa Maria Project in Chihuahua State, Mexico. The agreement provides for a 150-day period to complete due diligence and secure adequate funding and enter into a definitive agreement which will formalize the Transaction. Golden currently owns a 100% interest in the Santa Maria Mine, subject to US$200,000 in property payments.

Magna Gold Corp. Announces Completion of VRIFY Technology Transaction

Magna Gold Corp. is pleased to announce that further to its press release dated June 11, 2019, VRIFY Technology Inc. has completed the provision of technology services to the Company. In consideration of the Services, the Company will issue 99,502 common shares in the capital of the Company at a deemed issue price of $0.25125 per Share.

Gold Resource Corporation Reports Record Third Quarter Gold Production and Increases 2019 Annual Gold Production Outlook by 42%

Gold Resource Corporation reports record preliminary gold production results for the third quarter ended September 30, 2019 of 11,165 ounces, reflecting the growing gold production impact from its Isabella Pearl mine, located in Mineral County, Nevada. In addition, the Company reports preliminary third quarter production of 477,297 ounces of silver and significant copper, lead and zinc.

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