Author: TheNewswire.com

(via TheNewswire)

VANCOUVER, BC – April 9, 2024 – TheNewswire – Viva Gold Corp. (TSX-Venture: VAU; OTCQB: VAUCF) (the “Company” or “Viva“) is pleased to provide initial assay results for three holes from the recently completed 10-hole, 1,515-meter reverse circulation (“RC”) drilling program at its 100%-owned Tonopah gold project (“Tonopah”). Tonopah is located on the prolific Walker Lane mineral trend in western Nevada, about 20 minutes’ drive from the town of Tonopah.

These first three RC holes were drilled to offset widely spaced gold intercepts from our 2022 and 2023 drill programs on the north side of the 2022 Preliminary Economic Assessment (“PEA”) main pit area, an area that had previously been considered waste in the resource model. All gold (“Au”) and silver (“Ag”) intercepts in these first three holes were in tertiary volcanics.

Highlights

• TG2401 intercepted 50.5-meters (“m”) starting at 40m averaging 0.68 grams per tonne Au (“gpt Au”) and 3.0 gpt Ag, including two higher grade zones of 10.7m at 1.54 gpt Au starting at 40-m and 4.6 m at 1.47 gpt Au starting at 69m. TG2401 was drilled due west from the collar of TG2212 (21.3m at 0.5 gpt Au, including 7.6m at 1.3 gpt Au) towards hole TG2210 (38m averaging 0.8 g/t Au starting at 18m depth).

• TG2403 intercepted 18.3m at 0.6 gpt Au and 5.8 gpt Ag commencing at 64m including 3m at 1.37 gpt Au and 4.1 gpt Ag. TG2402 intercepted 4.6m at 0.5 gpt Au and 1.5 gpt Ag starting at 52m. TG2402 and TG2403 were each drilled in a western direction 40m to the north and south respectively of TG2310 (four zones with a cumulative total of 48m at 1.9 gpt Au, including 23m at 3.5 gpt Au starting at 72m).

“We are very pleased with these initial results. These first three holes, when combined with prior wide-spaced drilling, potentially create strong grade continuity on the northeastern side of the resource pit shell defined in our 2022 PEA. This area had only been sparsely drilled in the past and was previously described as containing primarily waste material in the model. Additional infill and step-out drilling in this area of the project is clearly justified,“ stated James Hesketh, President & CEO.

Note : UTM NAD 83, zone 11

Qualified Person

James Hesketh, MMSA-QP, has approved the scientific and technical disclosure contained in this press release. Mr. Hesketh is not independent of the Company; he is an Officer and Director.

About Viva Gold Corp:

The Tonopah project sits in the middle of gold mining country and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown its resources since 2017 and has commenced a new, fully funded drill program to further define and grow the current resource base. The Company plans to update the resource model and initiate Pre-Feasibility Study in 2024, both of which are major catalysts and value creation events for shareholders.

Viva Gold is led by CEO James Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. Jim has surrounded himself with equally experienced mining professionals both on the management team and the board.

The Tonopah Gold Project has all the hallmarks of a successful mining development project as key infrastructure is in place and is supported by compelling economic studies.

Please reach out and get to know us as 2024 is shaping up to be a transformational year.

Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB “VAUCF” and on the Frankfurt exchange “7PB”. Viva currently has ~118.4 million shares outstanding and boasts a best-in-class management team and board with decades of both gold exploration and production experience. The Company is advancing its high-grade Tonopah Gold Project in mining friendly Nevada with the support of several institutional shareholders. More information can be found on https://www.Sedar.Com and please visit our website: www.vivagoldcorp.com.

Viva is committed to developing the Tonopah Gold Project in an environmentally and socially responsible fashion. These values are aligned with management’s core values and permeate throughout our decision-making process.

For further information please contact:

James Hesketh, President & CEO

(720) 291-1775

[email protected]

Graham Farrell, Harbor Access

(416) 842-9003

[email protected]

1. 1)2022 PEA: NI43-101 Technical Report, Preliminary Economic Assessment of the Tonopah Project (amended April 12, 2022) authored by Gustavson Associates including Donald E. Hulse, P.E., SME-RM; Christopher Emanuel, SME-RM; Deepak Malhotra, Ph.D., SME-RM; and Edward Bryant, AIPG, CPG

Forward-Looking Information:

This news release contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian securities legislation (collectively, “forward-looking information”), including but not limited to drilling operations and estimates of gold mineral resource at the Tonopah Gold Project. This forward-looking information entails various risks and uncertainties that are based on current expectations, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy, inflationary pressures, pandemics, and issues and delays related to permitting activities; the price of gold; operational, funding and liquidity risks; the potential for achieving targeted drill results, the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with drilling and mining operations; and the ability of Viva to fund its capital requirements. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the securities regulatory authorities in Canada available at www.sedar.com. Readers are urged to read these materials. Viva assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.

Cautionary Note to Investors — Investors are cautioned not to assume that any “measured mineral resources”, “indicated mineral resources”, or “inferred mineral resources” that the Company reports in this news release are or will be economically or legally mineable. United States investors are cautioned that while the SEC now recognizes “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”, investors should not assume that any part or all of the mineral deposits in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances. Further, “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category. The mineral reserve and mineral resource data set out in this news release are estimates, and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized.

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.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450575250/2895/2024-04-09T07:01:58

(via TheNewswire)

• New geological model and interpretation of the Parbec Gold deposit has identified mineralized structures crosscutting the lithologies, resulting in a stacking of individual gold zones at or near surface and continuing at depth into the Pontiac sediments with a clear southward dip underneath the Pontiac sedimentary/Cadillac Break contact

• South dipping extensions of known mineralized zones have been identified along the Pontiac contact, including tying in much deeper mineralized intercepts from 2007/2008 drilling

• Modelling has identified locations where the mineralization is sub-cropping (only 1-5m overburden) south of a 50m buffer zone for the rail line. These are potential sites for stripping, sampling and bulk sampling

Renforth Resources Inc. (CSE – RFR) (OTCQB- RFHRF) (FSE-9RR) (“Renforth” or the “Company”) wishes to inform shareholders that our updated interpretation of our Parbec Gold deposit proves the presence of gold mineralization in structures oriented oblique to the Cadillac Break and extending into the Pontiac sediments. Interpreted conclusions include instances where surface mineralization within the Cadillac Break forms a continuous zone with gold mineralization within the Pontiac sediments to the south, crossing the lithologies. This is a new exploration target concept at Parbec with bulk tonnage potential. These interpreted oblique structures carry gold mineralization to the south of the Break, within the Pontiac sediments and have been intersected in several locations at Parbec.

Similar to our Malartic Metals Package property, there is almost a complete lack of exploration in the Pontiac sediments, whereas we can now demonstrate that the entire area has significant exploration potential, validated by our new geological model and the success of our contiguous neighbour, the Canadian Malartic Mine, operating quite successfully in the Pontiac sediments. While there have been >40,000m drilled at Parbec there are still many areas to be drilled, the Pontiac has not been the focus of any exploration or drilling at Parbec.

The new interpretation does not yet cover the entirety of the Cadillac Break’s ~1.8km of strike on the property, or the deepest pierce points on the property (>700m depth). Additional drilling, guided by this new interpretation, is justified, in the Cadillac Break, the Pontiac sediments and the Piche volcanics to the north, each of which host gold mineralization and untested strike.

New Geological Model Detail

The modelling exercise resulted in a re-orientation of the project base line and uses horizontal plans as the base plan for interpretation purposes. Mineralized lenses interpreted on each level were assembled using sets of sections cut at varying orientations. Mineralized structures oriented obliquely to the Break have been identified with trends ranging from north to north-east and east – west. These newly identified mineralized structures are only partially drilled and are open to the north-east and south-west on the Parbec property.

The prior Parbec modelling approach used vertical sections oriented perpendicular to the Cadillac Break. Mineralization was difficult to model and resulted in an interrupted continuity of mineralization and abrupt shifts in grades and widths as the zones were thought to be constrained by lithological units. The new model illustrates cross-cutting mineralized structures to the Cadillac break and lithologies which were not clearly identified in previous interpretations. Simply stated, a slight change in how the drill data is studied has identified new areas with previously unrecognized exploration potential.

To date, the new modelling interpretation has identified four target areas along a strike length of about 800 meters for follow-up exploration work. This early-stage work shows that each target area demonstrates continuity of mineralization

Click Image To View Full Size

from surface down to a depth of about 150 meters along a horizontal distance of approximately 200 meters. Mineralization thickness varies from a few meters to 20 metres or more at the center of lenses. The model is limited by drilling density at depth, as such the targets are open along strike and below a depth of 150 meters.

Follow up exploration will be planned with drill holes oriented at differing azimuths to test the continuity for the newly interpreted mineralized zones trending in northerly, East-West and North-East – South-West directions.

Click Image To View Full Size

Drill section showing southward dip of the Pontiac sediments and interpreted plunge of gold mineralization. This new modelling ties in deeper mineralization intercepts from 2007/2008 drilling (PAR-07-01).

Pontiac Sediments Mineralization and Down Dip Mineralization

Remodelling of the Pontiac sedimentary contact has identified significant structural complexity, particularly in the north-western half of the Parbec deposit. An area previously referred to as the “diorite splay” is in fact an opening (embayment) of the Pontiac contact, trapping a large mass of diorite, known to be gold bearing with only limited surface prospecting/trenching and drilling.

Modelling in the area illustrates an approximate -50 south / southwesterly dip to the mineralized zones, as noted in the last drill program, supporting the interpretation. Current modelling efforts are defining exploration target areas for mineralized zone expansion to the south under the Pontiac contact within embedded felsic intrusions. Previously, mineralization in several deeper holes was difficult to correlate, the new geological model reconciles these deeper holes and offers infill drilling targets.

Bulk Tonnage Target

Surface expression of the mineralization indicates that the horizontal thickness varies from a few meters to approximately 20 metres. Many new targets are becoming apparent with the new modeling, along different mineralized trends covered by a maximum of 5 meters of overburden. The Company is working to define a surface mineralized footprint amenable to a small-scale open pit outside the CN railway footprint. To date, two areas have been identified in the northwestern part of the property that are amenable to stripping and sampling followed by bulk sampling if warranted.

Parbec Surface Water Testing

Renforth will commence baseline testing of surface water contained in two holding ponds north of the decline adit and subsurface water within the decline from two wells which access the decline. This is done to collect the environmental baseline data required to permit the dewatering of the decline which terminates within the Cadillac Break at ~100m vertical depth. An unplanned work stoppage occurred in the 1980’s before completion, leaving the end of the decline approximately 40m from the northern contact of the Cadillac Break and the Piche volcanics. This also resulted in no mapping or sampling of the mineralization the decline intersects, including the Pontiac sediments, the Felsite Zone or the Cadillac Break itself. Renforth is working towards dewatering, mapping, and sampling the decline, a process which starts with the collection of required background information to support permit application.

Qualified Person

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton PGeo, OGQ a “qualified person” pursuant to NI 43-101.

About Renforth

Renforth is a battery metals area play with the dominant brownfield land position south of the world class Cadillac-Larder Lake Fault (“CLLF”) in the prolific Cadillac and Malartic mining camps of Quebec’s Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt and more, including lithium, Renforth’s land position encompasses several areas of interest.

Renforth’s position is unique in that the both the battery metals mineralization within the Malartic Metals Package (“MMP”) and our gold deposit at Parbec are road accessible, with hydro power crossing the properties, in an established and secure mining jurisdiction which regularly ranks as Top 10 (as determined by the Fraser Institute) in the world.

Renforth is engaged in the active exploration of the proven MMP battery metals mineralization, working towards a maiden resource statement, and the remodeling of our Parbec gold deposit to incorporate the ~15,000m drilled subsequent to the 2019 effective date of the last MRE.

For further information please contact:

Renforth Resources Inc.

Nicole Brewster

President and Chief Executive Officer

C:416-818-1393

E: [email protected]

#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9

Follow Renforth on Facebook, LinkedIn and Instagram!

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

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided, and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450575122/2895/2024-04-09T07:01:02

(via TheNewswire)

Montreal, Quebec, April 9, 2024 – TheNewswire – Sama Resources Inc. (TSXV: SME) (“SME“ or the “Company“) TSX-V: SME, OTC: SAMMF) is pleased to announce that Mr. Terry Krepiakevich FCPA, FCA, ICD.D has been appointed to the Board of Directors of the Company effective April 9, 2024.

Mr. Krepiakevich has over 30 years of experience as a CPA and CFO. He has served on several audit committee positions for both the TSX and NYSE listed companies and, in May 2011 was recognized with the BC CFO of the Year Award. Mr. Krepiakevich is a Fellow of the British Columbia CPA Association and a certified member of the Institute of Corporate Directors. He has been a Director and Audit Committee Chair of Alexco Resource Corp. He has also served as a member and chair of the compensation and governance committees for various listed companies. Mr. Krepiakevich has also served on the board of Covenant House for nine years, and in the past has served on numerous charitable organizations in the Vancouver community.

“We are delighted to welcome Mr. Krepiakevich to our Board,” said Benoit La Salle, Executive Chairman of the Board of the Company. “Mr. Krepiakevich brings decades of valuable experience, including directorships at various successful mining companies. His expertise in finance and the mining sector will complement our already highly qualified board as we continue to deploy our vision to be a leader in base metal in Cote d’Ivoire.”

The Company also wishes to announce that Mr. Eric Finlayson is stepping down as a member of the Board of Directors effective April 9, 2024.

“On behalf of the Board of Directors and management, we wish to thank Mr. Finlayson for his contributions to the Board in the past years and wishes him well in his future endeavours“, stated Benoit La Salle, Executive Chairman of the Board of the Company.

The appointment of Mr. Krepiakevich as a Director of the Company is subject to regulatory approval.

About Sama Resources Inc.

Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Cote d’Ivoire, West Africa. The Company is managed by experienced industry professionals with a strong track record of discovery. Sama is committed to advancing the Samapleu-Grata Nickel-Copper Project. Sama’s projects are located approximately 600 km northwest of Abidjan in Cote d’Ivoire and are flanked to the west by the Ivorian and Guinean borders. Sama’s projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km-long new Base Metal Camp in West Africa. Sama owns 40% interest in the Samapleu nickel-copper project in Cote d’Ivoire with its joint venture partner Ivanhoe Electric owning 60%.

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

About Ivanhoe Electric Inc.

Ivanhoe Electric is a U.S. company that combines advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. Ivanhoe Electric uses its accurate and powerful TyphoonTM geophysical surveying system, together with advanced data analytics provided by its subsidiary, Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. Ivanhoe Electric believes the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Ivanhoe Electric’s mineral exploration efforts focus on copper as well as other metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of its portfolio of electric metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah, as well as other exploration projects in the United States, it intends to support United States supply chain independence by finding and delivering the critical metals necessary for the electrification of the economy. Ivanhoe Electric also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma’aden to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in the Kingdom of Saudi Arabia. Website: www.ivanhoeelectric.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Dr. Marc-Antoine Audet, P. Geo, President and CEO
Tel: (514) 726-4158

Mr. Matt Johnston, Vice President Corporate Development
Tel: (604) 443-3835 or (877) 792-6688, Ext. 5

Renmark Financial Communications Inc.

Bettina Filippone: [email protected]

Tel: (416)-644-2020 or (212)-812-7680

www.renmarkfinancial.com

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

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450575062/2895/2024-04-09T07:00:44

(via TheNewswire)

Vancouver, British Columbia / April 9, 2024 – TheNewswire ?’ Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold” or the “Company“) is pleased to announce that it has appointed Louis Martin, P.Geo, as its Senior Technical Advisor for Quebec.

Harvest Gold President and CEO Rick Mark states: “We are very pleased to announce Louis Martin has formally joined our outstanding technical team. While first and foremost, Louis is an excellent geologist experienced in the Abitibi, he has fit in with the Harvest Gold team seamlessly. I want to thank him for agreeing to take on this leadership position as we develop and execute our exploration plans in Quebec.”

Louis Martin (P.Geo.) has spent much of his professional life working in the Abitibi Region and has been a major contributor to the co-discovery of several gold and base metal deposits during his 40 plus year career. Mr. Martin has been fortunate to have been part of the exploration teams that were awarded the Discovery of the Year by the AEMQ for the West Ansil Deposit (2005) and the Louvicourt Deposit (1989). He has worked on several advanced exploration projects, that included bringing four of these projects into production.

Prior to his consulting career, Mr. Martin was Vice President of Exploration with Clifton Star Resources, where he led the team that completed a Pre-Feasibility study defining the 4.5 million-ounce Duparquet Gold Project.

Mr. Martin is a professional geologist and is a member in good standing of both the Ordre des Geologues du Quebec and the Association of Professional Geoscientists of Ontario.

Completion of Mosseau Airborne Magnetic Survey

The high-resolution airborne magnetic survey over Harvest Gold’s flagship Mosseau property has been completed by Novatem. Analysis and interpretation are underway to provide priorities and specificity for the planned summer ground exploration program.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near surface gold deposits in the Abitibi Region of the mining friendly province of Quebec, Canada. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold now has three active gold projects in the Urban-Barry region of Quebec totalling 329 claims covering 17,539.25 ha. The Urban Barry belt hosts the Osisko-Gold Fields Windfall Deposit.

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or [email protected]

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.

Forward Looking Information

This news release includes certain statements that may be deemed “forward looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450574225/2895/2024-04-09T06:30:21

(via TheNewswire)

April 9, 2024 – TheNewswire – Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company”) (CSE-GCC, OTC-GCCFF, WKN-A0RLEP) announced that it has entered into (i) a marketing agreement with the CanaCom Group, a full-service marketing agency, to provide digital marketing services to broaden media distribution awareness about the Company; (ii) a services agreement with Global One Media to manage social media channels and to produce and distribute video interviews and Company news; (iii) a marketing services agreement with GoldInvest to provide marketing services to the European investment community; and (iv) Media Distribution – Arne Lutsch to provide advisory services relating to the production and distribution of Company related editorials and research to European markets.

CanaCom

Pursuant to the terms of the CanaCom Agreement, the services are to be provided over a 6-month period, commencing on April 9, 2004, for a fee of $60,000, plus applicable taxes. CanaCom is a full-service marketing agency based in Toronto, Ontario. CanaCom provides digital marketing awareness via advertising through its fully owned platform theDeepDive.ca, which includes both video and written content coverage of Canadian small-cap stories. CanaCom has its principal place of business at 1836 Scarth Street, Regina, SK S4P 3G3. They can be contacted at [email protected] or by telephone at (306) 993-4791.

Global One Media

Global One Media will produce and distribute video interviews, Company news, and other similar services. Global One will focus on digital channels such as YouTube, TikTok and Spotify, in addition to publishing content across all of Golden Cariboo’s social media channels. Global One Media does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Global One Media may provide additional services in the future.

GoldInvest Consulting

GoldInvest, a leading provider of information covering the global mining and energy sectors, is a company headquartered in Hamburg, Germany, dedicated to providing digital marketing services (in German and English). GoldInvest will provide services to the Company that include the production and distribution of editorials relating the Company’s noteworthy news updates, aggregation of in-house and external comments, articles, interviews, research, and papers relating to the Company on GoldInvest’s website, and the publication of interviews and other videos about the Company on GoldInvest’s website and YouTube channel. GoldInvest currently holds no common shares or warrants in the Company. GoldInvest and the Company are unrelated and unaffiliated entities.

Media Distribution

Arne Lutsch, an advisor on media distribution in the global mining and commodity sector, is based in Switzerland and is dedicated to offering services supporting clients with their media distribution. Mr. Lutsch will provide advisory services to the Company including the production and distribution of editorials relating to the Company’s noteworthy news updates, external comments, articles, interviews, research, and industry specific news.

About Golden Cariboo Resources Ltd.

Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.

Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.

For further information please contact:

GOLDEN CARIBOO RESOURCES LTD

“J. Frank Callaghan”

J. Frank Callaghan, President & CEO

Tel: 604-682-2928

Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements:

This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.

Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.

The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450569981/2895/2024-04-09T05:00:44

(via TheNewswire)

Calgary, AB – TheNewswire – April 8, 2024 – Universal Ibogaine Inc. (TSXV:IBO) (“UI” or the “Company“), a life sciences company with a mission to research and deliver medicalized ibogaine-centered addiction care, advises that Ian Rabb, Chief Clinics Officer, is no longer with the Company. Mr. Rabb’s role with the Company’s subsidiary, which operates the Kelburn Recovery Centre (“Kelburn“) addiction treatment facility near Winnipeg, Manitoba, will be assumed by Kerri Wilkinson, Clinic Manager, and Olga Shmelova, Kelburn’s Clinical Director.

Nick Karos, UI CEO, noted “the Company thanks Mr. Rabb for his past efforts at Kelburn and in advancing the Company’s ibogaine research mission.”

About Universal Ibogaine Inc.

UI is a life sciences company, with a mission to transform addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorder, and ultimately to utilize that treatment protocol globally through planned future licensing agreements. UI is concurrently developing a state of the art holistic addiction treatment protocol at its Kelburn Recovery Centre (located near Winnipeg, Manitoba) that, which when paired with the planned ibogaine detox protocol, is intended to revolutionize the way we treat addiction and drastically improve the lives of individuals and families affected by addiction.?

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

??This news release may contain forward-looking statements and information. Forward-looking information is frequently characterized by words such ??as “plans”, “planned”, “expect”, “project”, “intends”, “intended” “will”, “believe”, “anticipate”, “estimate”, “scheduled”, ????”potential”, or other similar words, or statements that certain events or conditions “may”, “should” or ????”could” occur. The forward-looking statements and information are based on certain key expectations ??and assumptions made by UI at the date the statements are made. Although UI believes that the expectations and assumptions on which the forward-??looking statements are based are reasonable, undue reliance should not be placed on the forward-??looking statements because UI can give no assurance that they will prove to be correct.

Since ??forward-looking statements address future events and conditions, by their very nature they involve ??inherent risks and uncertainties. Actual results could differ materially from those currently anticipated ??due to a number of factors and risks, which include, but are not limited to, risks that required ??regulatory approvals are not obtained. The reader is cautioned that assumptions used in the ??preparation of such information, although considered reasonable by UI at the time of ??preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on ??forward-looking information, which speaks only to conditions as of the date hereof. UI does not ??undertake any obligation to release publicly any revisions to forward-looking information contained ??herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence ??of unanticipated events, except as may be required under applicable securities laws. ??

Additional information identifying risks and uncertainties that could affect financial results and the Company is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com

For further information:

Nick Karos, CEO

Universal Ibogaine Inc.

612-309-3527

[email protected]

Investor Relations: Dugan Selkirk, IR Manager

[email protected]

Related Links

https://universalibogaine.com

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450556822/2895/2024-04-08T22:00:43

(via TheNewswire)

Jervois Global Limited (“Jervois” or the “Company“) (ASX: JRV) (TSX-V: JRV) (OTCQB: JRVMF) advises that its Q1 2024 Quarterly Results and Investor Call will be held on Tuesday 30 April 2024 at 0900 Australian Eastern Standard Time (“AEST“).

Registration for the investor call can be undertaken at the link below:

https://us02web.zoom.us/webinar/register/WN_tz_NVVYOTMGRV2rdGoqr8w

After registering participants will receive email confirmation with access details.

A recording and transcript will be made available shortly after conclusion of the webinar.

On behalf of Jervois Global Limited,

Alwyn Davey, Company Secretary

For further information, please contact:

Investors and analysts: Alicia Brown Group Manager – External Affairs Jervois Global [email protected]

Media: Nathan Ryan NWR Communications [email protected] Mob: +61 420 582 887

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

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450551983/2895/2024-04-08T19:35:47

(via TheNewswire)

Vancouver, British Columbia: Gold Basin Resources Corporation (the “Company” or “Gold Basin”) – (TSX-V GXX, OTCQB: GXXFF) today provided an exploration update, which includes the announcement of a fully-funded 3,000-meter (“m”) Q2 reverse-circulation (“RC”) drill program at the Company’s 100%-owned Gold Basin oxide gold project in northwestern Arizona (the “Gold Basin Project” or the “Project“).

Colin Smith, Chief Executive Officer of the Company, commented, “It is with great excitement that we announce the first drill program of 2024, which will focus on resource expansion and delineation at the Gap Zone, Stealth Deposit, and Cyclopic Deposit. Drilling in 2021-2023 established Red Cloud and Stealth as at-surface, high-grade oxide gold systems that remain open in all directions, with the interstitial 600-meter-long Gap Zone returning near-surface intercepts last year, suggesting the presence of a contiguous 1.5-kilometer-long deposit. The ~30,000 meters of drilling Gold Basin has completed since 2020 will support the maiden NI 43-101 oxide gold resource, to be released this year.”

Q2 2024 Resource Expansion RC Drill Program

Two successful drill campaigns totaling 7,228 m were conducted in 2023, largely focused on the Stealth-Gap-Red Cloud trend. Thick intersections of shallow, high grade oxide gold mineralization were returned throughout the corridor, with the Red Cloud target advancing to a bonafide at-surface high grade oxide gold deposit, located 600 m to the east-southeast of the outcropping Stealth Deposit. In addition, numerous auriferous intercepts were drilled in the Gap, a sparsely drilled 600 m zone that separates the Stealth and Red Cloud Deposits. These hits suggest the presence of a contiguous 1.5-kilometer-long oxide gold deposit throughout the full trend, which remains open along strike in both directions, and at depth, and is strategically located 800 m southwest of the 1.7-km-long at-surface Cyclopic Deposit (Figure 1).

The first phase of 2024 RC drilling will total 3,000 m and commence in late April or Early May, with a focus on resource expansion and delineation at the Stealth-Gap-Red Cloud trend, and the Cyclopic Deposit. Gold Basin intends on drilling the Gap Zone to a ~50-meter hole or pierce point spacing, as well as testing open-ended mineralization at the adjacent deposits (Figure 1).

The Company has its full 5 acres of allowable disturbance remaining and intends on using existing accesses to complete this round of drilling to best assess where to construct new roads for subsequent drilling in 2024.

Click Image To View Full Size
Figure 1: Q2 2024 RC drill target areas.

Geological Mapping and Prospecting

A variable-scale geologic mapping and prospecting program is ongoing at the Gold Basin Project, focused on understanding the structural geometry of and the controls on gold mineralization. The area of interest includes the main Cyclopic and Stealth-Gap-Red Cloud trends, and highly prospective exploration ground to the east and west of these oxide gold deposits, which hosts multiple strong undrilled gold-in-soil anomalies. To date, a total of 12 square kilometers have been mapped at a scale of 1:10,000, and within this region, the key zones of mineralization were mapped at a scale of 1:5,000, totaling approximately 5.5 square kilometers of higher resolution mapping to aid with resource definition and expansion. A digital synthesis of the program is underway.

Ground Geophysics

Gold Basin conducted two ground gravity surveys in 2023, focused on the Project’s center-of-mass which encompasses the Cyclopic and Stealth-Gap-Red Cloud trends, as well as the highly prospective undrilled ground to the east and northeast of Cyclopic. The Company intends on expanding coverage to the adjacent claim boundaries to further assess prospectivity of near-surface oxide gold systems, buried porphyry centers and Iron Oxide Copper-Gold (“IOCG”) mineralization.

Multiple untested gravity high targets were identified from the 2023 surveys, including a coincident 3D magnetic-gravity anomaly located immediately east of the southern portion of Cyclopic. This target represents a characteristic geophysical signature of a potential IOCG or porphyry center, and warrants testing in future exploration drill programs.

2024 Metallurgy

To date, the Company has conducted two rounds of metallurgical testwork at Kappes, Cassiday & Associates (“KCA”) in Reno, Nevada in 2021 and 2022 on composite samples from the Cyclopic Deposit. Results to date demonstrate strong recoveries that are akin to a broad range of operating heap-leach projects in the southwestern USA, demonstrating that there are no metallurgical barriers to a heap-leach gold extraction operation at Gold Basin.

Leach tests on samples from Cyclopic returned an average extraction of 72% gold and a maximum extraction of 86% gold, across the range of head grades and at varying depths and locations to ensure representativeness. Results to date show a low sodium cyanide and reagent consumption, extremely low preg-robbing, and favorable agglomeration and compaction tests, with agglomerated samples passing percolation tests up to 100 metres dump height (KCA standard height recommendation is 40 metres).

The growing gold endowment and unconstrained mineralized envelope present at the Stealth-Gap-Red Cloud trend warrants an additional round of metallurgical testwork in 2024 to ensure amenability to the current processing circuit. Gold Basin anticipates similar or improved results, based on the analogous style of mineralization, host rocks, and higher-grade nature of the Stealth-Gap-Red Cloud trend.

2024 Plan of Operations

The Company will initiate a Plan of Operations in 2024, to further derisk and advance the oxide gold deposits towards development. Cedar Creek Associates, based in Ft. Collins, Colorado, has been engaged to quarterback this permitting initiative.

ABOUT GOLD BASIN RESOURCES CORPORATION

Gold Basin Resources Corporation is advancing the 42 km2 Gold Basin Project, located in the tier one mining jurisdiction of Mohave County, Arizona. Gold Basin is accessible year-round via a 1.5-hour-drive on I-93 Highway southwest of Las Vegas, and high-power electrical lines from the Hoover Dam crosscut the southern Project area. The immediate focus of Gold Basin’s highly experienced technical team is to expand and delineate multiple at-surface oxide gold deposits and prove the project’s district-scale potential. For further information, please visit the Company’s web site at: www.goldbasincorp.com.

On Behalf of the Board of Directors

Colin Smith

Chief Executive Officer

For further information, please contact:

Colin Smith

Phone: 1-604-499-1820

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 news release.

FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statements and forward-looking information (collectively, “forward looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, future assay results from further programs, future plans for drilling at the Stealth Deposit, the Company’s expectation that it will be successful in enacting its business plans, and the anticipated business plans and timing of future activities of the Company, are forward looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “will”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “potential”, “scheduled”, or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company’s projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the TSX Venture Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company’s latest Management’s Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450550977/2895/2024-04-08T19:10:42

(via TheNewswire)

April 8, 2024, London, Ontario – TheNewswire – Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:4KG) (“Abitibi” or the “Company“), is pleased to announce that, due to overwhelming interest, the Company’s non-brokered private placement previously announced on March 21, 2024 (the “Offering“) has been upsized. The Offering will now consist of up to 10,702,627 common shares of the Company, which is expected to close on April 9, 2024, and has been fully allocated.

Jonathon Deluce, CEO of Abitibi Metals, stated, “We are pleased to announce the final upsize of this strategic financing. With a treasury of approximately $19 million on closing, Abitibi is in a unique position of strength in a challenging market, as we will be fully funded through 2025 to execute a 50,000-metre drill program and be in a position to deliver a PEA at the B26 Deposit. As both a passionate mining entrepreneur and investor, building compelling stories excites me, and I am grateful for the support Abitibi has received, which will enable us to successfully close the funds needed for a seven-year option within only four months. I believe 2024 is the beginning of a strong macroeconomic environment for gold and copper where high-grade growth stories like ours can flourish.”

Jim Deluce, Chairman of the Board and Largest Shareholder of Abitibi Metals, commented, “I am incredibly proud of what the team has accomplished in a challenging economic climate, raising over $21 million in 4 months to successfully secure our 80% earn-in across what was supposed to be a 7-year option. When Jonathon was appointed as CEO, he was challenged by the board to identify an asset with significant growth potential, something he very capably accomplished through the acquisition of the Beschefer Gold Project, where we drilled 4.92 grams per ton gold over 28.65 metres1, including 11.39 g/t Au over 9.1 metres1, a project we very much look forward to returning to in the near future.”

Mr.Deluce continued: “With B26, the team did it again – successfully identifying and bringing public an asset where, at Abitibi, we have only started to unlock its potential. With a robust treasury of approximately $19 million, an incredible corporate and technical team, and a world-class advisory team, Abitibi Metals now has a very strong foundation to build from as we continue to execute and remain extremely focused on building the next significant metals company in the Abitibi Greenstone Belt.”

The Offering consists of two parts: a) $5,109,021.78 of charity flow-through common shares (“CFT Shares”) priced at C$0.86/share for the issuance of 5,940,723 CFT Shares; and b) $2,000,000 of common shares priced at C$0.42/share for the issuance of 4,761,904 Common Shares. The CFT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).

The gross proceeds from the Charity Flow-Through Offering will be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such terms are defined in the Tax Act) related to the Company’s projects in Quebec. Gross proceeds from the Common Share offering will be used for general and administration expenses including funding for the PEA obligation, property option payments, and to scale up marketing & awareness initiatives.

Finder’s fees in cash or securities may be paid on gross proceeds of the Offering, as permitted by securities laws and the policies of the Canadian Securities Exchange (“CSE“). Eventus Capital Corp. has been appointed as a Finder in connection with the Offering.

The securities issued in connection with the Offering are subject to the Company’s filing requirements with the CSE, and all securities will be subject to a four-month and one day statutory hold period after closing.

ON BEHALF OF THE BOARD

Jonathon Deluce, Chief Executive Officer

For more information, please call 226-271-5170, email [email protected], or visit https://www.abitibimetals.com.

The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements:

Twitter: https://twitter.com/AbitibiMetals

LinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Source:

1. https://abitibimetals.com/goldseek-intersects-4-92-g-t-gold-over-28-65-meters-at-beschefer/ (QP-Martin Demers, P.Geo,ogq No 770)

Forward-looking statement:

This news release contains certain statements, which may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financing plans, financial results or other technical developments or reports on the B26 Project or otherwise. Forward-looking information is necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control and many of which, regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on the Company’s behalf. Although Abitibi 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 to differ from those anticipated, estimated or intended. All factors should be considered carefully, and readers should not place undue reliance on Abitibi’s forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “estimates,” “anticipates,” or variations of such words and phrases (including negative and grammatical variations) or statements that certain actions, events or results “may,” “could,” or “might” occur. Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability of the Company to successfully develop current or proposed projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance that the Company will be successful in achieving commercial mineral production and the likelihood of success must be considered in light of the stage of operations.

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450548723/2895/2024-04-08T18:30:43

(via TheNewswire)

VANCOUVER, BC — TheNewswire – April 8, 2024 — Giant Mining Corp. (CSE:BFG) | (OTC:JUBAD) | (FWB:YW5) (“Giant Mining” or the “Company”) is pleased to announce that preparations are underway to initiate work that will advance the copper mineralization at Majuba Hill Porphyry Copper Deposit (the “Nevada Project”), a copper, silver, and gold project located in Pershing County, Nevada

The Nevada Project contains historic underground mines that produced 2.8 million pounds of copper. In the NI43-101 Report: “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA”, Jeffrey M. Bickel, C.P.G. described the copper mineralization and developed a 3D block model that measured 50 million tonnes to 100 million tonnes of copper mineralization ranging from 0.15% Cu to 0.30% Cu, with potential for a higher-grade zone of 10 million tonnes to 20 million tonnes grading between 0.40 % Cu and 0.80% Cu. This outlines an initial and significantly expandable potential of 660 million pounds of copper. Copper hit a 14-month high of USD $4.27 per pound on April 8th, 2024. 1

Table 1

Model (1)	Tonnage Range Tonnes (Bickel, 2023)	Grade Range Copper (%) (Bickel, 2023)	Copper Range (pounds) Calculated
Exploration Target – All	50,000,000 to 100,000,000	0.15% to 0.30%	165,000,000 to 660,000,000
Exploration Target – High Grade	10,000,000 to 20,000,000	0.40% to 0.80%	88,185,000 to 352,739,000
(1)The ranges of tonnage and grade of the exploration target are conceptual in nature and could change as the proposed exploration activities are completed.

Private Placement

The Company is pleased to disclose a forthcoming non-brokered private placement aimed at raising up to CAD $3,000,000 (the “Placement”). Pursuant to this Placement, the Company intends to offer up to 15,000,000 units (the “Units”) at a price of CAD $0.20 per unit. Each Unit is comprised of one (1) common share (“Share”) of the Company’s capital stock, along with one (1) transferable Share purchase warrant (“Warrant”). Each Warrant grants the holder the right to purchase one (1) additional Share at a price of CAD $0.25 per Share for twelve (12) months following the date of issuance.

The net proceeds from the Placement will be allocated towards further exploration activities on the Company’s Nevada Project and for general corporate purposes. In accordance with the regulations of the Canadian Securities Exchange (the “CSE”), finder’s fees may be applicable. All securities issued under this Placement will be subject to a statutory hold period of four months and one day.

David Greenway, CEO of Giant Mining Corp., expressed enthusiasm about the company’s prospects: “With copper prices recently peaking at $4.27 per pound, the highest since January 2023, and our announced financing, and our preparations to advance work at Majuba Hill, it’s an optimal time for exploration. This project, hosting significant historical copper production and prospective new findings, positions us well for a transformative year in 2024.”

Exploration

An exploration corridor is emerging as the primary focus zone based on recent and historic drilling, geochemistry, and geophysics. Core drilling intersected a thick oxide zone that outcrops at the surface and extends up to 550 meters (1804 feet) deep. Copper enrichment is shown by deeper zones of native copper intersecting beneath the overlying copper oxides.

The Company is gearing up for an important exploration year in 2024, with plans to significantly expand drilling efforts aimed at exploring the depth and breadth of copper mineralization, which could define the Nevada Project’s potential and future development.

Click Image To View Full Size

MHB-9:980 ft (298.6 meters) Native Copper

Click Image To View Full Size

MHB-2: 111.5 to 120.5 feet (34.0 to 36.7 meters)

Exploration Program 2024

The Company is using funds from the Placement to advance our exploration and development program, as outlined in the recent recommendations of the NI43-101 report. The company has committed to drilling 16 reverse circulation (RC) holes and two shallow metallurgical core holes, aimed at evaluating the mineral potential and optimizing future extraction methods. Additionally, Giant Mining will initiate a metallurgical study to enhance our understanding of mineralization and processing efficiencies. Furthermore, our exploration depth will be extended with the drilling of two deep core holes, each reaching 3,500 feet. This strategic investment in deep-core drilling will help precisely assess the vertical extent of mineralization and contribute substantially to our resource evaluation efforts.

The Company also wishes to announce that Mr. Yari Nieken has resigned from his role as a director of the company. We are deeply grateful for Yari’s invaluable contributions throughout his tenure on the board. We sincerely thank him for his dedicated service and wish him the utmost success in his future endeavors.

Qualified Person

The scientific and technical information contained in this news release has been reviewed by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).

About Giant Mining Corp.

Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.

The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Giant Mining Corp.

“David Greenway”

David C. Greenway

President & CEO

For further information, please contact:

Joel Warawa

VP of Corporate Communications

E: [email protected]

P: 1 (855) 475-0745

Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Giant Mining Corp. 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 Giant Mining Corp. management on the date the statements are made. Except as required by law, Giant Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

###

1 Sourced Online: https://www.marketindex.com.au/copper

Copyright (c) 2024 TheNewswire – All rights reserved.

COMTEX_450541283/2895/2024-04-08T14:15:45