April 22, 2022

CanAlaska Ventures Receives “MEGATEM II” Survey Results

Harry Barr, Chairman of CanAlaska stated, "CanAlaska holds one of the largest uranium exploration portfolios in the Athabasca Basin.”

Vancouver, BC (PRWEB via PR Web Direct) April 22, 2022 -- CanAlaska Ventures Ltd "CanAlaska" (www.canalaska.com) (TSX Venture: CVV – OTCBB: CVVLF) has received data plots for the "MEGATEM II" airborne electromagnetic and magnetic survey on its West McArthur Property.

The deep penetrating electromagnetic MEGATEM II survey has been successful in giving the Company detailed information on target zones on its extensive land position west of the McArthur River Uranium deposit. The "unconformity" target in this area is thought to be between 500 and 900 metres in depth, well beyond the penetration depth of previous survey technology, but within the depth capabilities of the MEGATEM II surveys

The survey has produced a series of distinct target zones across the Project. The Company is encouraged by the quality of the data received and the amount of detail now available to plan ground follow-up programs. The full survey identifies six conductive target zones and trends within the project claims. Four of the conductive targets are new, and were not identified by previous work in the area.

The data image for the Megatem II conductors is now available for viewing on the Company's website (See http://www.canalaska.com/s/Projects.asp?ReportID=104237#PageTop. The Company is planning the surface exploration program on the target areas. Surface geophysics is anticipated once the final data has been further interpreted. The summer prospecting work plan includes surface geology mapping, boulder tracing, and trace element soil geochemistry.

In other news, CanAlaska has completed VTEM airborne electromagnetic surveys over its Athabasca Lake property, located immediately south of the Uranium City region. The survey is testing the ability of the VTEM survey equipment to trace conductive horizons south of the lakeshore and under the predicted sandstone cover of the Athabasca basin sequence.

MEGATEM II survey results for the Moon Lake Project area, located approximately 35 km south of the McArthur project area, and 5 km from the Millennium Uranium deposit are being reviewed by the Company's geophysical consultant, S.J. Geophysics Ltd., for detailed recommendations.

The Company is continuing to receive and evaluate service contracts for further airborne surveys on the major properties within the 1,500,000 acres of property in the basin, as well as its outside uranium acquisition program.

This summer the Company intends to carry out ground surveys on a number of projects within the south eastern Athabasca basin, as well as a major surface program on the Charcoal-Hara and Snyder projects located North East of the basin edge, in an area straddling the Saskatchewan-Manitoba provincial border. Previous exploration within this area has indicated high priority radiometric targets for detailed follow-up ground surveys.

CanAlaska Ventures offers a Free Worldwide Uranium Headline News Update. To subscribe go to: http://www.canalaska.com/s/Projects.asp?ReportID=103681.

The Athabasca Basin hosts a number of major uranium deposits including Cigar Lake and McArthur River, two of the largest and highest grade uranium deposits in the world. Production from the Athabasca Basin accounts for 32% of the world's supply of uranium and this is expected to increase by the end of the decade. For the past two decades, uranium exploration within the Athabasca Basin has been at a relatively low level and it is evident that the potential for a discovery of other deposits remains high. CanAlaska's President Mr. Peter Dasler noted that, "before commencing our staking program, CanAlaska carried out a comprehensive analysis taking into account existing geological and geophysical data. As a result, the Company has identified and acquired properties that are well located and have considerable potential".

The Company and its shareholders are now positioned for what CanAlaska believes will be the largest expansion in uranium exploration since the 1970's. Harry Barr, Chairman of CanAlaska, stated, "CanAlaska holds one of the largest uranium exploration portfolios in the Athabasca Basin."

CanAlaska's technical team is progressively developing exploration targets and proposals for each of the projects within the Company's extensive land portfolio.

The qualified person for this release is Peter Dasler, P.Geo, President of CanAlaska Ventures Ltd.

About CanAlaska
CanAlaska is a mineral exploration company concentrating on the exploration and development of uranium, in North America the Athabasca basin of Saskatchewan. The Company has recently assembled a large land package (over 1,500,000 acres) in the Athabasca Basin for Uranium exploration.

On behalf of the Board of Directors
Peter Dasler

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP#137089108.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission. Not to be construed as an offer to buy or sell securities of CanAlaska Ventures Ltd.

Contact:
Investor Relations
604-685-1870
Toll Free 1-800-667-1870
www.canalaska.com

Posted by Industrial-Manufacturing at 07:26 AM | Comments (0)

April 19, 2022

Bedford Resource Partners Stake 1.7 Billion Ton Iron Ore Property

Bedford Resource Partners have staked 99 claims in Quebec, 100 miles north of Schefferville that cover the Lac Otelnuk iron ore deposit.

(PRWEB) April 18, 2022 -- Bedford Resource Partners of Toronto, Canada have staked 99 claims covering 11,767 acres in north central Quebec, 100 miles north of Schefferville. They hold title to the Lac Otelnuk iron ore deposit which is a Lake Superior type meta-taconite formation within the Sokoman iron formation in the Labrador Trough. It is identical to the deposits of the Wabash Lake and Mount Wright mines further south.

The strongly magnetite property is a 1.7 billion ton iron ore deposit @ 33.4% Fe. Historical estimates indicate it hosts 10-12 billion tons @ 30 % Fe.

Fabio P. Micacchi, managing partner, stated "This is an exciting opportunity for us, but because the project is so large we will seek JV partners."

The global demand for iron ore is strong partly due to China's economic growth.

“China expects to face shortages in more than two-fifths of production materials, including iron ore and crude oil, in the first half of this year because of rising industrial production. China’s production won't meet demand for 43 percent of 300 types of materials surveyed by the trade ministry, the Beijing-based Ministry of Commerce said…” Bloomberg (Koh Chin Ling) April 11/05.

Canada will have to increase it's iron ore production.

"In the next 10 years," R. Martin, CEO, New Millenium Capital Corp. said, "We’re going to need new mines that are equivalent to 10 times what Canada produces today."

There has been a total of 5 iron ore Canadian transactions recently that indicate market interest in iron ore projects. They are: Baffin Island, New Millenium Capital Corp., Palladon Ventures, Ungyva Mining, and New American Gold.

King Resources, the former holder of the Lac Otelnuk property completed extensive exploration with an preliminary feasibility study in 1975 using $21.00 / ton for pellet pricing. It reported a return of investment of 15%. The current iron pellet pricing is approximately $70.00 / ton.

Bedford Resource Partners is a privately held firm.

This announcement appears as only a matter of record.

Posted by Industrial-Manufacturing at 03:52 AM | Comments (0)

April 07, 2022

Garnet Point Options Boulder Creek Uranium Deposit from Full Metal

Vancouver, BC (PRWEB) April 7, 2022 -- Garnet Point Resources Corp. (TSX.V: GRC); (OTCBB: GRCDF) is pleased to announce that it has optioned up to an 80% interest in the Boulder Creek Uranium Deposit, Alaska from Full Metal Minerals.

Garnet Point can earn an initial 70% interest, subject to regulatory approval, in the Boulder Creek and McCarthy Marsh Properties by completing US$2,000,000 in exploration expenditures over four years (first year, US$150,000), making cash payments totaling US$90,000 (first year, US$60,000), and issuing 500,000 shares in Garnet Point (200,000 first year). After earn-in, Garnet Point can receive an additional 10% interest (80% total) by issuing an additional 500,000 shares in Garnet Point and by completing a positive feasibility study. Full Metal will be operator for the project during the first year of exploration for a 10% management fee.

The 6,240 acre Boulder Creek Property hosts Alaska’s largest uranium deposit discovered to-date. It is a sandstone type ‘roll-front’ deposit with predominantly epigenetic mineralization. Uranium was leached from a Late Cretaceous alkalic quartz monzonite and deposited in roll fronts mode within a reducing environment of Paleocene, arkosic, carbonaceous conglomerates and sandstones of the Boulder Creek Basin. The property is located in the southeastern Seward Peninsula, Alaska, 160km northeast of Nome, and 16 km north of the village of Elim and tidewater.

Previous operators completed 3,300m of core drilling in 52 holes and about 60m of near-surface split tube sampling in 21 holes, focused on the Discovery Zone area. Surface grab samples reported by previous operators returned up to 34% U3O8. A resource estimate completed in 1981 by Houston Oil and Minerals outlined a resource of 1 million pounds of U3O8 in zones with an average grade of 0.27% U3O8 and an average thickness of 3 meters. This resource was completed prior to NI 43-101, has not been independently audited and should therefore not be relied upon. The historic resource occurs within a 1,000m by 100m area, with depths ranging from the surface to 120m within a northwest trending mineralized zone.

The 6,720 acre McCarthy Marsh Property is an additional roll-front target, staked to cover prospective basin rocks adjacent to Tertiary granites, approximately 15 kilometers southwest of the Boulder Creek Property.

Garnet Point and Full Metal are planning an airborne geophysical and radiometric survey to identify additional targets in the area, as well as surface soil and biogeochemical sampling to define drill targets.

Information contained in this release for the Boulder Creek and McCarthy Marsh Properties was reviewed by Robert McLeod, M.Sc., P.Geo. Vice-President of Exploration for Full Metal Minerals and a Qualified Person as defined by NPI 43-101.

Garnet Point is expanding its focus to include Uranium and base metal exploration with the addition of the the Boulder Creek and McCarthy Marsh Properties to its current portfolio of properties which include the Arcadia, Mac and Cache Properties in Nunavut optioned from Full Metal Minerals Ltd.

Garnet Point will begin a 1,500-metre diamond drilling program in July, 2005, at the Arcadia property, located in Nunavut. Drilling will step out from previous intercepts at the GHX vein including - 29 g/t Au over 5.6 metres and 12 g/t Au over 23.1 metres. At Arcadia, over 20 veins/structures with over five-gram-per-tonne-Au samples have been discovered to date. Garnet Point has an option to earn a 51-per-cent interest in the Arcadia property from Full Metal.

On Behalf of the Board of Directors,

“Aly B. Mawji”

Aly B. Mawji
President and Director

Posted by Industrial-Manufacturing at 03:16 AM | Comments (0)

March 25, 2022

Doe Run to Work at Rivermines Superfund Site

Barbara Shepard, The Doe Run Company’s vice president of human resources and community relations, has released the following statement regarding the company’s ongoing environmental efforts at the Rivermines Superfund site in St. Francois County, Missouri.

St. Louis, MO (PRWEB via PR Web Direct) March 24, 2022 -- Barbara Shepard, The Doe Run Company’s vice president of human resources and community relations, has released the following statement regarding the company’s ongoing environmental efforts at the Rivermines Superfund site in St. Francois County, Missouri.

"Doe Run will undertake reclamation work at the Rivermines site, including reshaping the main chat pile; re-grading, adding soil cover and seeding the tailings area; excavating and beautifying the site; and working with the City of Park Hills to monitor public access. We’re eager to proceed with the projects, several of which we have already started. Doe Run is committed to working with our local communities on these efforts, and we will update residents on the progress. For instance, we have partnered with the Old Lead Belt Materials, a local company that uses chat for asphalt and road applications, so that it can continue to operate on the site—a positive for all involved."

The Doe Run Company, along with its subsidiaries, is a privately held natural resource company focused on environmentally sound mineral production, recycling and metals fabrication. Based in St. Louis, the company and its subsidiaries serve as North America’s largest integrated lead producer and third-largest total lead producer worldwide, employing more than 4,000 people. The company and its employees are committed to keeping its operations and communities clean and safe while producing essential raw materials – lead, zinc, copper, gold and silver – that are needed for everyday life. Doe Run and its subsidiaries have U.S. operations in Missouri, Washington and Arizona, and South American operations in Peru. For more information about Doe Run, visit http://www.doerun.com.

Contact:
Tammy Stankey or Christi Dixon
(314) 469-3500
http://www.doerun.com

Posted by Industrial-Manufacturing at 02:37 AM | Comments (0)

March 24, 2022

World Financial News Network Favors Aztec Mining that Develops Precious Minerals

Summary: Dr. Joseph de Beauchamp of World Financial News Network gives favorable analysis to Aztec Mining that develops precious minerals in gold and silver.

Seattle, WA (PRWEB) March 21, 2022 -- WFNN's consistently outperforms established industry benchmark indicators. Based on in-depth research and analysis, their analysts recommend securities worldwide showing the highest probability for stock price appreciation. With constant vigil, WFNN looks for economic opportunities in the private and public company sectors.

Dr. Joseph de Beauchamp, WFNN's Chief Independent Analyst, said, “WFNN believes that the company shows exceptional management for the future. Seldom companies of this size recruit management of this caliber. WFNN sees the company continuing to build a mining portfolio of properties. The company seems ready for a breakout to the $2.00 range. The supply of stock in the market appears very limited, and any announcements or press releases would show significant gains in the share price. WFNN believes that Aztec appears as an undiscovered property in their unique sector."

For brief information of this new, dynamic company, examine: http://wfnn.info displaying in the search engine section.

About WFNN
World Financial News Network provides a unique blend of data, timely information and today's technologies to assist with up-to-the-minute investment and economic values on markets and investments around the world.

About Aztec Mining
Aztec Mining is a corporation involved in acquiring mineral claims and attempting to exploit them. Their initial interest is in exploiting gold, silver and platinum from properties. They have an interest in which are located in Alaska. Other properties are being considered for acquisition at this time, which are located in Arizona and Canada. They plan to have more locations than these two locations. Upon acquisition of the properties, the company will seek additional properties in mining for ore in precious metals and stones.

Press Contact: Joseph de Beauchamp
Company Name: WFNN
E-mail: e-mail protected from spam botso
Phone: 206-343-3912
Website: http://wfnn.info

Posted by Industrial-Manufacturing at 04:17 AM | Comments (0)

March 22, 2022

Government Reports Positive Trends in La Oroya Blood Leads

Doe Run Peru credits collaboration, says more needs to be done.

St. Louis, MO (PRWEB via PR Web Direct) March 22, 2022 -- Peruvian health officials have announced indications of improvements in the blood lead levels of young children in La Oroya as a result of a collaborative agreement between the government and Doe Run Peru.

"There are encouraging indications that the steps that have been taken since the agreement began are starting to yield results," Jorge Albinagorta, a senior official with the Peruvian Ministry of Health, told a news conference in La Oroya Monday.

The study, conducted last November and December on nearly 800 children aged 6 and under from the La Oroya Antigua neighborhood, found that 91 percent of the children could continue in an ongoing holistic program of health education, improved nutrition, and environmental measures such as street cleaning.

"The progress to date is promising, but there is much more work ahead. Our job will be done only when these issues have been addressed for all the children of La Oroya," said Bruce Neil, president of Doe Run Peru.

In keeping with international protocols, the remaining 9 percent of children found to be at high risk for complications related to lead exposure will receive more aggressive measures, Albinagorta said. Several of the children will be sent to Lima for further medical and other developmental evaluations, while the rest will attend schools and daycares in the surrounding communities, away from the sources of lead exposure.

Albinagorta also noted that previous environmental operating agreements between the government and the companies operating the metallurgical complex did not prioritize health issues. He welcomed the shift in emphasis of a new agreement being sought by Doe Run Peru to better address health issues.

"The old PAMAs didn’t take health issues into consideration so much; they were focused more on environmental and investment issues that the companies have made an effort to address," he said.
"We expect a great deal from the contributions that the company continues to give and we hope to have the collaboration of our friends in civil society," Albinagorta added.

Under a 2003 agreement with the Ministry of Health, Doe Run Peru supports state health officials with efforts including funding and helping carry out health awareness campaigns with community groups and social workers to educate families on good hygiene and nutrition techniques to combat lead exposure. In addition, the company supports a local soup kitchen that provides a daily meal to La Oroya’s neediest children.

Since purchasing the 80-year-old metallurgical complex from the Peruvian government in 1997, Doe Run Peru has spent more than $140 million on facilities, health and environmental improvements. It has pledged to spend another $150 million during the next six years.

"Our job is about more than just providing employment and contributing to the local economy," Doe Run President Neil said. "We are serious about improving local health and the environment and we will continue to work on this every day along with local health officials and the community."

The Doe Run Company, along with its subsidiaries, is a privately held natural resource company focused on environmentally sound mineral and metals production, recycling and metals fabrication. Based in St. Louis, the company and its subsidiaries serve as North America’s largest integrated lead producer and third-largest total lead producer worldwide, employing more than 4,000 people. The company and its employees are committed to keeping its operations and communities clean and safe while producing essential raw materials – lead, zinc, copper, gold and silver – that are needed for everyday life. Doe Run and its subsidiaries have U.S. operations in Missouri, Washington and Arizona, and South American operations in Peru.

For more information visit http://www.doerun.com

Contact:
Christi Dixon
(314) 469-3500

Posted by Industrial at 02:41 AM | Comments (0)

March 20, 2022

World Financial News Network favors Aztec Mining that Develops Precious Minerals

Dr. Joseph de Beauchamp of World Financial News Network gives favorable analysis to Aztec Mining that develops precious minerals in gold and silver.

Seattle, WA (PRWEB) March 20, 2022 -- WFNN's consistently outperforms established industry benchmark indicators. Based on in-depth research and analysis, their analysts recommend securities worldwide showing the highest probability for stock price appreciation. With constant vigil, WFNN looks for economic opportunities in the private and public company sectors.

Dr. Joseph de Beauchamp, WFNN's Chief Independent Analyst, said, “WFNN believes that the company shows exceptional management for the future. Seldom companies of this size recruit management of this caliber. WFNN sees the company continuing to build a mining portfolio of properties. The company seems ready for a breakout to the $2.00 range. The supply of stock in the market appears very limited, and any announcements or press releases would show significant gains in the share price. WFNN believes that Aztec appears as an undiscovered property in their unique sector."

For brief information of this new, dynamic company, examine: http://wfnn.info displaying in the search engine section.

About WFNN: World Financial News Network provides a unique blend of data, timely information and today's technologies to assist with up-to-the-minute investment and economic values on markets and investments around the world.

About Aztec Mining:
Aztec Mining is a corporation involved in acquiring mineral claims and attempting to exploit them. Their initial interest is in exploiting gold, silver and platinum from properties. They have an interest in which are located in Alaska. Other properties are being considered for acquisition at this time, which are located in Arizona and Canada. They plan to have more locations than these two locations. Upon acquisition of the properties, the company will seek additional properties in mining for ore in precious metals and stones.

Press Contact: Joseph de Beauchamp
Company Name: WFNN
Phone: 206-343-3912
Website: http://wfnn.info

Posted by Industrial at 02:40 AM | Comments (0)

March 03, 2022

Yukon Gold Corporation, Inc. Acquires Massive Sulphide Resource, in the Mayo Mining District

Yukon Gold Corporation, Inc. (“Yukon Gold”), (OTCBB: YGDC) announced today that it has acquired the Marg Deposit, a volcanogenic massive sulphide (“VMS”) property consisting of 402 contiguous mineral claims covering approximately 20,000 acres, located in the central Yukon Territory.

Toronto, Canada (PRWEB) March 3, 2022 -- Yukon Gold Corporation, Inc. (“Yukon Gold”), (OTCBB: YGDC) announced today that it has acquired the Marg Deposit, a volcanogenic massive sulphide (“VMS”) property consisting of 402 contiguous mineral claims covering approximately 20,000 acres, located in the central Yukon Territory.

Marg Deposit Mineral Resource Estimate:
Based on a 1997 ore resource study by Franzen Mineral Engineering Ltd. (“Franzen”), the Marg Deposit has a drill indicated resource of 5,527,002 metric tonnes (6,100,000 tons) grading 1.76% copper, 4.60% zinc, 2.46% lead, 62.7 g. of silver per ton and 0.98 g. of gold per ton over an average true width of 6.1 metres (20 ft.). Open along strike in both directions and down dip, the Company believes this classic base metal deposit has the major potential for substantially increasing tonnage. At the end of the 1996 drilling program, the thickest and richest intersection, 16.2 metre (53 ft.) true width averaged 2.82% copper, 2.46% lead, 5.50% zinc, 82.5 g of silver and 1.84 g. of gold per ton. This indicates potential increased massive sulphide thicknesses to the west. Based on current metal prices, the in-ground value of the Marg resource without any further exploration is extremely economical.(*) A preliminary evaluation by Yukon Gold’s engineers and geologists have determined this outcropping deposit with its favorable topography, resource base and excellent exploration potential, will warrant proceeding to production.

(*)Total in-ground resources and current values based on US$ Copper $1.50 lb, Lead $0.45 lb, Zinc $0.62 lb, Silver $7.29 oz., Gold $432.00 oz. as of February 23, 2005, Exchange rate $0.80. These amounts are before metallurgical loss and costs of recovery.

Resource
Copper - 214,452,973 lbs - $321,679,496
Lead - 299,746,769 lbs - $134,886,046
Zinc - 560,502,088 lbs - $347,511,295
Silver - 11,066,715 oz - $80,676,352
Gold - 195,871 oz - $84,616,272
US - $969,369,461
CDN - $1,153,549,658
Deposit Assessment:

In 135 massive sulphide intercepts in 76 diamond drill holes totaling 20,494 metres, four gently to moderately inclined, polymetallic massive sulphide horizons (A,B,C and D) in a 100 metre thick quartz-sericite schist and graphitic phyllite structural succession were outlined. The massive sulphide horizons are up to 23 metres thick and have been traced along a strike length of 1,200 metres and up to 700 metres down dip. They remain open to extension at depth and along strike. An updated drill indicated mineral resource with a minimum 3 metre width has been assigned to each of the four horizons as follows:


Horizon Thickness Tonnes Cu Pb Zn Ag Au
(m) (%) (%)(%) (g/t) (g/t)

A 4.8 133,018 1.22 2.09 3.93 65.5 1.09
B 3.7 866,081 1.68 2.21 4.10 61.1 0.90
C 8.6 1,748,894 1.65 2.39 4.25 71.2 1.22
D 5.1 2,779,009 1.88 2.61 5.03 57.8 0.85
Total 6.0 5,527,002 1.76 2.46 4.60 62.7 0.98

Acquisition Overview and Work Program Activity
With the Marg Deposit acquisition, Yukon Gold has significantly increased its resource base and has assembled one of the largest land positions in the Yukon Territory’s Mayo Mining District. Mr. Warren Holmes, Chairman and CEO of Yukon Gold expanded this fact by stating, “The acquisition of the Marg asset constitutes a logical step in the mandate of the company to acquire advanced projects and provides an opportunity for early production. This is a significant mineral resource with excellent exploration potential to increase tonnage moving forward. Our plan to acquire mineral deposits and drill indicated resources that can be taken to production in the highly prolific Tombstone Gold Belt with a centralized milling facility for these late stage properties is well underway.”

About Yukon Gold
Yukon Gold Corporation, Inc. is an extremely active and progressive public junior exploration and development company trading on the NASDAQ OTCBB under the symbol "YGDC". The Company’s main focus is its newly acquired VMS deposit (Marg Property) and its Mount Hinton gold and silver exploration project in the Central Yukon Territory of Canada. These properties lie within the Tombstone Gold Belt, world renowned for the discovery of major gold and base metal deposits. Within immediate proximity to the Company’s Projects are a number of idle, former producing mines and drill indicated resources which Yukon Gold plans to target for acquisition. Please visit our Web site at: www.yukongoldcorp.com

For More Information, Please Contact:
Investor Relations Contact:
First Canadian Capital
Dan Boase
Vice President
(416) 742-5600

Corporate Contact:
Yukon Gold
Paul Gorman
(416) 865-9869
Toll Free (800)295-0671

Posted by Industrial at 02:28 AM | Comments (0)

February 17, 2022

Pacific North West Capital Corp. Higher Platinum -- Palladium Grades at Lismer Extension Zone 27 Metres at 3.43 g/t Pt/Pd/Au

Pacific North West Capital Corp. reports assays from the 500 metre long newly discovered Lismer Extension Zone on the River Valley Project.

Vancouver, BC (PRWEB via PR Web Direct) February 17, 2022 -- Pacific North West Capital Corp. (PFN: TSX, OTCBB: PAWEF) reports assays from the 500 metre long newly discovered Lismer Extension Zone on the River Valley Project.

The Lismer Extension Zone lies 400 metres southeast along strike from the mineral resource reported in the Dana Zones, and 400 metres northwest of the Lismer Zone mineral resource.

It is one of nine target areas, along the 15 kilometre long northern contact of the River Valley intrusive. The drill holes, in the Lismer Extension Zone continue to intersect wide widths of sulphide mineralization within the intrusive contact breccia.

Additional high-grade intervals have been intersected in the current exploration drill program which includes 27 metres at 3.43 g/t Pt/Pd/Au (3E) in DDH LR-140. Results to date are defining a mineralized zone that is between 20 and 30 metres in width and extends to at least 200 metres in depth and contains higher grades over significant widths, e.g. 7.0 metres at 3.75 g/t 3E and 2.0 metres at 16.62 g/t 3E in LR-141 (See Intersection Table). The drill holes were all drilled across strike (See Location Map). The dip of the zone varies along strike and to depth but generally it is to the southwest at between 65 and 75 degrees.

Eleven additional holes have now been drilled in the Lismer Extension Zone, all aimed at determining the trend and depth extent of the mineralized zone. All assays have been completed by SGS Laboratories and check assays by ALS Chemex. Please click on the map image to view entire map.

Other Mineralized Zones
Two other drills are now working on the Varley Zone approximately 3 kilometres southeast of the Lismer's Ridge Zone. This drilling will continue to evaluate and expand the mineralized zone that currently hosts an inferred resource of 2.7 million tonnes of 1.16 g/t (3E).

Three drill rigs are working on the property. Two drill holes have been completed in the Casson Zone, located within the River Valley Intrusive, 1800 metres south of the Dana Zone.

Narrow (less than 3.0 metres) sulphide zones were intersected in these drill holes. An IP survey has been completed in the Casson area, to evaluate this interior portion of the layered intrusive. All assays are pending. Other mineral zones that will be drill tested as machines become available include the Azen South, Azen North, Drop, and Jackson Flats Zones.

Phase 7 Budget Summary May 2004 to April 2005 -- Mapping, Geophysics, Drilling, Bulk Sample
PFN, in joint venture with Anglo American Platinum Corporation Limited (Anglo Platinum) is carrying out a $3.0 million Phase 7 program. The program plans for 15,000 metres of diamond drilling, metallurgical testing and the collection of a bulk sample. At the current time, a 40 tonne bulk sample has been collected for metallurgical studies, which will be used for metallurgical testing on the Dana North and Dana South Zones.

Particular emphasis is being placed on expanding targets identified by reconnaissance drilling, geophysics and geological mapping especially along the northern contact of the intrusive. The platinum-palladium mineralization has been identified to exist within the contact breccia zone occurring over a strike length in excess of 15 kilometres. The initial mineral resource estimates have been concentrated only in the Dana Lake and Lismer's Ridge Zones, a 3 kilometre long area. The Qualified Person for this release is John Londry, VP Exploration.

About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN, OTCBB: PAWEF) is an exploration company focused on the discovery of platinum group metals in North America. PFN is currently exploring the River Valley Project (joint ventured with Anglo American Platinum Corporation Limited "Anglo Platinum", the world's largest primary producer of platinum) and the Agnew Lake Project, currently under option to Anglo Platinum. Anglo Platinum has committed over $15.8 million to the River Valley Project to date and may earn a 65% interest by funding it through to production. In Alaska, PFN has a Joint Venture Agreement with Lonmin Plc, the world's third largest primary underground platinum group metals producer. In late 2004 PFN established a nickel division and currently has an Option Joint Venture in the Timmins Mining District with Falconbridge Ltd.

On behalf of the Board of Directors
"Harry Barr"
Harry Barr, President & CEO

The Toronto Stock Exchange have not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission. Not to be construed as an offer to buy or sell securities of this company.

Investor Contact:
Spiros Cacos
Tel: 604.685.1870
Toll Free 1-800-667-1870
Web: www.pfncapital.com

Posted by Industrial at 11:19 AM | Comments (0)

Freegold Ventures Drilling Recommencing on Grew Creek Gold Property, Yukon Territory - Additional Staking Expands Property - 30KM Prospective Targets

Freegold Ventures is pleased to announce the remaining Phase 1 2004 drilling results and the resumption of drilling on the Grew Creek Epithermal Gold Project in the Yukon Territory.

Vancouver, BC (PRWEB via PR Web Direct) February 17, 2022 -- Freegold is pleased to announce the remaining Phase 1 2004 drilling results and the resumption of drilling on the Grew Creek Epithermal Gold Project in the Yukon Territory.

Additional staking has been completed and the Grew Creek Property now covers 278 claim units and over 30km of prospective targets.

Freegold acquired the Grew Creek Property in the summer of 2004 and funded a 12 drill-hole program at Grew Creek throughout the fall and winter of 2004. The objective of the initial program was to confirm a northerly trend to the gold-silver mineralization. Previous operators assumed an east-west trend to mineralization and oriented their diamond drilling accordingly. The 2004 drill holes were drilled at right angles to the previous drill grid. Drilling results by Freegold indicate that mineralization does in fact trend north-south.

In addition to establishing a north-south control on the mineralization, the 2004 diamond drill holes tested areas outside of the previously defined ore blocks. The program successfully intercepted significant high-grade gold mineralization outside the area where earlier operators calculated previous resource estimates.

Drilling will resume the week of February 20th, 2005 and will test several comparable targets to the Main Zone, identified by geological, geochemical and geophysical surveys carried out prior to 1996. Limited drilling had been carried out in some of these areas by previous operators; however, again was focused on potential east-west controls for the mineralizing systems. Based on the results from the 2004 program, the next phase of drilling will test for northerly trends to these extensional targets. The Phase 1 2005 program is budgeted at $250,000 and is 100 % funded by Freegold.

The results of the 2004 program indicate an extensive low-sulfidation quartz stock-work system flanking high-grade veins that are focused within breccia zones along the trend of the mineralization.

In addition to the principal high grade gold vein target, attention is also being given establishing a bulk mineable resource (1-2 grams) which may be amenable to heap leaching. In addition to drilling, Freegold's geological consultants have recommended geophysics and bulk sampling for 2005.

The table summarizes the results from the 2004 drill program. Assays by ALS Chemex. Lost core sample intervals assigned a grade of zero.

The quartz-adularia vein and vein stock-work system at Grew Creek in the Main Zone has been faulted into at least four separate segments.

Segment Number Three intersected in the first reported drill holes (GC-227 44.2 m grading 4.3 gm/ Au and 7.9 gm/t Ag including 6.3 m grading 22.1 gm/t Au and 45.1 gm/t Ag). This segment has been cut to the north by a fault intersected in GC-231. The intensity of mineralization decreases to the south of this block as indicated in step out drill holes GC-228 -- 230. The segment is open to the North and to depth.

Segment Number Two was intersected in drill holes GC-233, 234, and 236. 1988 drill hole GC-29 intersected the high-grade vent mineralization 25 metres north of GC-233 that yielded an assay of 42.1 gm/t gold and 284.1 gm/t silver over 16.5 meters (not true width). The segment is open to the North and South and to depth.

Segment Number One at the western edge of the deposit was intersected in drill holes GC-232 and 235. The vent mineralization exposed at surface within this segment averaged 3.33-gm/t gold and 5.25 gm/t silver. The segment is open to the North and South and to depth.

Segment Number Four was not tested during this phase of drilling. 1988 drill hole GC-39 intersected vent mineralization north of the offsetting fault that averaged 54.90-gm/t gold and 54.5 gm/t silver over 6.0 meters (not true width). The segment is open to the North and South and to depth.

The Qualified Person for this release is Robert Stroshein, P.Eng -- Geological Consultant, Freegold Ventures Limited.

On behalf of the Board of Directors "Harry Barr" Harry Barr, Chairman

The Toronto Stock Exchange has neither approved nor disapproved the contents of this news release. CUSIP: 356455 10 5-Reg# 82-1225

Disclaimer
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission. Not to be construed as an offer to buy or sell securities of Freegold Ventures Limited.

Investor Contact:
Spiros Cacos
Tel: 604.685.1870
Toll Free 1-800-667-1870
http://www.freegoldventures.com

Posted by Industrial at 11:17 AM | Comments (0)

February 12, 2022

Vulcan Minerals Inc. - Exploration Update

St. John’s - Newfoundland - Vulcan Minerals Inc. (“the Company” TSX-V: VUL) provides an update on exploration activities.

St. John’s, Newfoundland (PRWEB) February 12, 2022 -- Vulcan Minerals Inc. (“the Company” TSX-V: VUL) provides the following update:

Seismic Program:
The seismic data recently acquired in the Bay St. George Basin has been processed and is currently being interpreted. The new data is primarily focused on the Hurricane Prospect approximately 20 kilometers south of the Flat Bay project in Western Newfoundland. The Hurricane Prospect covers approximately 100 square kilometers along the Western flank of the Bay St. George basin and provides multiple target zones based on seismic interpretation. The new seismic data will assist in target selection for the 2005 drill program.

Storm Prospect:
The Company also reports that Terralliance Inc. has agreed to an extension of their farmout agreement on the Storm Prospect to July 28, 2005. The Storm Prospect is situated approximately 10 kilometers northeast of the Flat Bay Project. It consists of an anticline structure (approximately 20 square kilometers) with marine and non-marine sandstone reservoir targets as well as limestone targets. These targets represent different rock types of a younger age than the reservoir at Flat Bay, thus providing better primary reservoir quality potential. Terralliance may earn a 50% working interest in the Storm Prospect by paying 66 2/3rds of the drilling and completion costs on the earn-in wells.

Flat Bay #1
The Flat Bay #1 well encountered pumping problems during the testing phase in the summer of 2004. Residual frac sand at the bottom of the hole causes the pump to malfunction: Flat Bay #1 is a shallow oil discovery at 195 meters which requires further pumping to retrieve all the frac fluid from a previous stimulation operation before any determination of oil flow can be made. The Company is reviewing options to resume testing of the well in a cost-effective manner. However operations would not commence before the Spring of 2005.

2005 Drill Program:
Hydrocarbon shows in the recently drilled Flat Bay #2 well confirm the existence of a large-scale active petroleum system in the basin. Up to now, the focus has been on only one reservoir target, the Fischells Brook conglomerate-sandstone. The 2005 drilling program will test other potential reservoirs within the Storm and Hurricane Prospects. Preliminary interpretation of the new seismic data on the Hurricane Prospect indicates numerous targets of varying depth with multiple trapping scenarios on this very large structure. The number of wells to be drilled in the upcoming program will be a function of the depths of the selected targets. At this time it is anticipated that four wells will be drilled. A solicitation for expressions of interest from drilling contractors has been sent out. It is the Company’s plan to acquire a rig for a late spring-early summer commencement of the drill program. Scheduling will depend on rig availability. The Company has sufficient funds to carry out the program.

Stock Symbol: TSX: VUL
Shares issued: 28, 173,384

Posted by Industrial at 11:11 AM | Comments (0)

February 11, 2022

Doe Run Peru Thanks the People of La Oroya for Their Support

Doe Run Peru has thanked the people of the La Oroya, Peru community for their support for the company’s work to address health and environmental concerns in their Andean community.

St. Louis, MO (PRWEB via PR Web Direct) February 11, 2022 -- Doe Run Peru has thanked the people of the La Oroya, Peru community for their support for the company’s work to address health and environmental concerns in their Andean community.

The company issued the following statement on its Web site:
“Doe Run Peru is privileged to have the support of people from all over La Oroya, Peru and the surrounding communities. It is with their support that we are able to extend our commitments beyond the good jobs and economic benefits our operations in La Oroya provide.

“With the support of the people of La Oroya we will continue building on our successes improving the health and environmental conditions in our La Oroya community. Doe Run appreciates and acknowledges that this continuing community support is central to the projects we have developed to build a base of diversified activities that add to the community’s vitality and the economic stability of its residents.”

Here are just a few comments about Doe Run Peru from some of the people of the La Oroya community. To see photos and more comments visit http://www.doerun.com/whatwedo/laoroyafaces.aspx.

“Before Doe Run arrived La Oroya was a forgotten city… With the arrival of Doe Run Peru, we have ongoing support for our children in the areas of hygiene and health; food in the National Dining Hall; and support for us in the cleanup campaigns. Doe Run Peru frequently gives us training so that we can learn about contamination, lead, and all those things.” Rocio Guadalupe Mejía, Coordinator of the Plaza Libertad-Area Hygiene Committee in Old La Oroya. Cleanup campaign.

“I would like to thank Doe Run Peru for having let me be a part of this successful program and be a leader in my community, where I am putting everything I learned into practice. I also congratulate the Company for having carried out various activities for the environment, such as the PAMA (environmental improvement program), which is changing people’s perception of La Oroya and the city’s landscape.” Rosa Núñez de la Cruz from the Community of La Oroya, a former member of the Youth Work Training Program.

“I encourage Doe Run Peru’s investors to continue working; it has implemented many important initiatives in many peasant communities and in different parts of our city, which honestly helps a great deal. So, I urge the company to continue operating as it has been with its good-neighbor policy.” Declarations made by Professor Clemente Quincho Panez, Provincial Mayor of Yauli – La Oroya.

“I think the company, the community, and the state can all work together hand-in-hand and make our dreams of progress and development for our people come true. Dr. Juan Carlos Huyhua: my acknowledgement to you for the approach that you are taking… for being able to be able to support all the communities.” Mr. Filomeno Aylas, President of the Community of Huayhuay, upon the delivery of Hampshire Down livestock.

“The last years with Doe Run Peru have been the best experience, because I have been imbued with the labor philosophy that the company has implemented, especially the safety programs, which help the workers a lot. What has affected me the most is (Doe Run’s) compliance with the PAMA (environmental improvement program) because I have seen the company put a lot of effort into improving the environment and helping the communities, which had been forgotten. But Doe Run Peru has made them a priority in the last few years.” Vidal Pena Huaringa, worker in the testing plant, 33 years of experience

“The company has really made an effort to provide support in terms of infrastructure, in remodeling schools, and in installing bathrooms, which are just as good as those in the United States. The company has made a great contribution; the students are certainly the winners here, and, why not say so, the education sector as well.” Declarations made by Professor Edilberto García Centeno, Director of the Yauli – La Oroya Educational Management Unit.

To view these comments and other materials about our work in the community of La Oroya, Peru please visit us online at: http://www.doerun.com/whatwedo/laOroya.aspx

Contact:
Christi Dixon
(314) 469-3500

Posted by Industrial at 11:13 AM | Comments (0)

February 01, 2022

Nolan Gold Project Lode Exploration Progress Report #2

The exploration program to locate lode sources for the Nolan Placer Gold nuggets has been, and will be, carried out as weather permits.

Fairbanks, AK and Vancouver, BC (PRWEB via PR Web Direct) February 1, 2022 -- SILVERADO GOLD MINES LTD. OTCBB: SLGLF / Frankfurt: SLGL / Berlin: SLGL
The exploration program to locate lode sources for the Nolan Placer Gold nuggets has been, and will be, carried out as weather permits. The Nolan Project is located north of the Arctic Circle, 280 road miles from Fairbanks, Alaska.

The first two trenches cut to investigate anomalies from a 2004 ground VLF-EM (very low frequency-electromagnetic) survey have intersected gold mineralization. The survey was conducted on the slopes above the placer mined areas to assist in locating lode sources for the placer nuggets. Project geologists had previously identified the “Solomon Shear Trend”, an airborne resistivity low trending northeasterly and coincident with gold – arsenic – antimony soil geochemical anomalies as a probable source area. (See Sept 27, 2021 Press Release). The accompanying map shows VLF-EM conductors within the Solomon Shear Trend. To view this map go to http://www.silverado.com/maps/feb0105.htm

Trench A showed four zones of quartz – carbonate  stibnite veinlets (stibnite is an ore of antimony) over a 90 foot section of trench. Values from grab and select chip sampling in the mineralized section were: gold 0.1 to 1.7 ppm (parts per million), (0.003 – 0.05oz/ton), arsenic 100 to >3000 ppm, and antimony 100 to >10,000ppm.

Trench B was cut about 800 feet along the strike of the mineralization northeast of Trench A. Two vein bearing anomalous zones, 70 and 100 feet wide, separated by 30 feet of unmineralized rock, were encountered. Values were: gold 0.1 to 1.0 ppm (0.003 – 0.03oz/ton), arsenic 200 to >4000ppm, and antimony 100 to >10,000ppm. A one to two foot wide sheared vein with massive stibnite was found, coincident with the axis of an electromagnetic conductor. Work on further exposing this zone stopped due to adverse conditions and will resume when weather permits.

Test pitting on a vein on Workman’s Bench in 2003, a mile southwest of the above trenching, recovered gold nuggets with stibnite attached, showing that there is a strong spatial relationship between gold and antimony.

Trench C was cut west of Trench A, but did not reach bedrock for most of its length. Samples of gravel were anomalous in antimony (103 - 236ppm average 161 ppm) along a 100ft section of the trench pointing to a source uphill.

Some additional power operated sampling tools will be taken to the project to enhance sampling of the frozen ground.

The Company is very encouraged by the success of the VLF-EM survey, given that gold mineralization was encountered in the initial tests, there are many more conductors to investigate, and the stibnite bearing vein in Trench B shows multiple episodes of mineralization which is an important feature in the search for economic lode gold deposits. Arsenic and antimony are commonly associated with gold deposits therefore the strongly anomalous results for those elements from the trenching and drilling are also very positive.

Samples were submitted to ALS Chemex and subjected to standard analytical procedures. Sample blank and follow-up metallics assays provided quality control. All work was carried out under the management of Mr. E. Armstrong, CPG, President of Silverado’s Alaskan Subsidiary and a qualified person under NI 43-101.

FOR MORE INFORMATION:
Investor Relations: (800) 665-4646 or (604) 689-1535
Website: www.silverado.com
Equitilink LLC: (877) 788-1940
CEOcast Inc.: (212) 732-4300

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

Posted by Industrial at 08:35 PM | Comments (0)

January 14, 2022

CanAlaska Ventures Ltd. Phase IV Uranium Acquisition Complete

Athabasca Basin, Saskatchewan, Airborne Surveys Underway

Vancouver, BC (PRWEB via PR Web Direct) January 14, 2022 -- CanAlaska Ventures Ltd "CanAlaska" www.canalaska.com (TSX Venture: CVV – OTCBB: CVVLF), further to the announcement dated November 10th, announced today that it has completed its fourth phase of property acquisitions and has now acquired or applied for leases covering approximately 306,000 hectares (approximately 756,500 acres) or 3,060 square kilometres of prospective uranium claims in the Athabasca Basin, Saskatchewan. The Company holds a 100% interest in these project areas.

Posted by Industrial at 08:20 PM | Comments (0)