Gold Archives - Page 8 of 43

Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") is pleased to announce that it has signed an Amending Agreement with Teck Resources Limited ("Teck") whereby Dynasty will be deemed to have exercised its option, pursuant to an option agreement dated January 30, 2018 (see press release dated February 1, 2018), on the Thundercloud gold property (the "Property"). Exercise of the option, upon completion of a cash payment, will result in Dynasty acquiring 100% of Teck's interest in the Thundercloud gold property ("the Property"), subject to Teck retaining a 2% net smelter returns royalty ("NSR").

"We are delighted to have secured 100% of Teck's interest in the Thundercloud property in one of the most desirable mining camps in Canada," stated Ivy Chong, Dynasty's President and CEO. "We appreciate Teck's cooperation and support as well as that of all other stakeholders since signing the option agreement. We look forward to developing the project and building relationships with local communities for the benefit of all."

Historic drilling on the Property intersected 14 g/t Au over 3 m including 192.7 g/t Au over 0.55 m. Other notable drill results include:

13.0 m @ 1.72 g/t Au
60.30 m @ 1.46 g/t Au
55.25 m @ 2.19 g/t Au, including 1 m @ 37.5 g/t Au, 9.34 m @ 7.91 g/t Au and 21.73 m @ 4.63 g/t Au
29.66 m @ 0.77 g/t Au including 9.04 m @ 2.20 g/t Au
68.8 m @ 1.55 g/t Au
81.0 m @ 1.31 g/t Au

The Thundercloud property is in the Archean Manitou-Stormy Lakes Greenstone belt in Ontario. The belt contains numerous gold showings, several large high grade mines discovered in the area, including the Big Master Mine (1902-1943) and the Laurentian Mine (1906-1909), as well as recent gold discoveries including New Gold's Rainy River Mine (6.4 million oz gold and 18.7 million oz silver), and Agnico Eagle's Hammond Reef deposit (5.8 million oz gold). Potential discoveries for Thundercloud include bulk-tonnage orogenic gold mineralization or high grade deposits.

Terms

In consideration of Dynasty being deemed to have exercised its option and Teck waiving its back-in right, the Company will make a $100,000 payment, and will pay $2,000,000 upon a production decision. Teck retains a 2% NSR that can be reduced to a 1.5% NSR for $1,000,000. The Company has also granted Teck the right to receive 40% of any net sale proceeds if the Property is sold or optioned within six years of signing the Amending Agreement.

Richard R. Redfern, MSc, certified professional geologist, a director of the company and a qualified person for the purposes of National Instrument 43-101, has reviewed the technical data contained in this news release.

About the Thundercloud Property

The Thundercloud Property is located in the central Wabigoon greenstone belt in Western Ontario, 47 kilometres southwest of Dryden. The geological setting is comparable to the Abitibi belt in Eastern Ontario but is much less explored. Close to 30 M oz of gold have been discovered in recent years, including several large-scale mining operations nearby.

About Dynasty Gold Corp.

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

ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.

"Ivy Chong"
_________________________________
Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97715

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Mawson Gold (TSE:MAW) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Mawson Gold

How Long Is Mawson Gold's Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In May 2021, Mawson Gold had CA$7.4m in cash, and was debt-free. Importantly, its cash burn was CA$12m over the trailing twelve months. That means it had a cash runway of around 7 months as of May 2021. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. Depicted below, you can see how its cash holdings have changed over time.

How Is Mawson Gold's Cash Burn Changing Over Time?

Because Mawson Gold isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by a very significant 69%. While this spending increase is no doubt intended to drive growth, if the trend continues the company's cash runway will shrink very quickly. Mawson Gold makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Mawson Gold Raise More Cash Easily?

Given its cash burn trajectory, Mawson Gold shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Mawson Gold has a market capitalisation of CA$51m and burnt through CA$12m last year, which is 24% of the company's market value. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution.

Is Mawson Gold's Cash Burn A Worry?

Mawson Gold is not in a great position when it comes to its cash burn situation. Although we can understand if some shareholders find its cash burn relative to its market cap acceptable, we can't ignore the fact that we consider its cash runway to be downright troublesome. Considering all the measures mentioned in this report, we reckon that its cash burn is fairly risky, and if we held shares we'd be watching like a hawk for any deterioration. On another note, Mawson Gold has 5 warning signs (and 3 which shouldn't be ignored) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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

View our latest analysis for Mawson Gold

How Long Is Mawson Gold's Cash Runway?

How Is Mawson Gold's Cash Burn Changing Over Time?

Can Mawson Gold Raise More Cash Easily?

Is Mawson Gold's Cash Burn A Worry?

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

TORONTO, Sept. 24, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report for its Guayabales Project, Colombia with an effective date of August 30, 2021 (the "Technical Report"). The Technical Report is available for review on SEDAR (www.sedar.com) and on the Company's website (www.collectivemining.com).

Qualified Person (QP) and NI43-101 Disclosure

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

About Collective Mining Ltd.

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

Contact Information

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

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

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

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

VANCOUVER, British Columbia, Sept. 24, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to announce the appointment of Martin Gubbins to its Board of Directors.

Mr. Gubbins is a Chilean lawyer with 25 years of experience as an associate and partner of local law firms specializing in environmental litigation. He has also served as an independent legal advisor over the last three years. Mr. Gubbins has served as a board member for various private companies in Chile, with both Chilean and foreign investors. Mr. Gubbins is a member of the Advisory Legal Committee of Hogar de Cristo, the largest charity in Chile. From 2005-2018 he was a partner at CorreaGubbins (currently CorreaSquella) in Santiago, Chile. Mr. Gubbins graduated law school at the Universidad de Chile, Santiago. He also has a Master of Arts from the University of London.

The Company is also announcing that it has issued an aggregate of 1,000,000 stock options to its new director to purchase up to 1,000,000 common shares of the Company at a price of $0.23 per common share for a period of five years from grant, pursuant to its Stock Option Plan.

Bearing Lithium’s Chairman Gil Playford commented:

“Martin brings to the company local legal expertise and pragmatic business strategy and experience. He is well known to our Board and is joining us at an exciting time for the company’s participation in an advanced development project for the global lithium industry.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.com

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

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. 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. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SUDBURY, ON / ACCESSWIRE / September 24, 2021 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP) is pleased to announce the appointment of Mr. Rodney Barber (BSc., PGeo.) as its Vice President Exploration. In addition, the Company is also pleased to announce that Mr. Donald Boucher and Mr. Michel LeBlanc have joined Northern Superior to support field exploration activities as Contract Staff. These highly qualified, registered geoscientists represent an additional 110 years of field exploration experience, a significant bolstering to Northern Superior's exploration team and geoscience capabilities.

Dr. T.F. Morris (PhD., PGeo., FGAC, ICD.D), President and CEO of Northern Superior commented: "We are very pleased to have such an experienced and qualified group of professionals to assist in advancing Northern Superior's various exploration programs in Ontario and Québec. We look forward to working with these highly skilled professionals in advancing the Company's 100% owned and key exploration projects in Ontario and Québec: specifically, Ti-pa-haa-kaa-ning, Lac Surprise, Croteau Est and Wapistan.

Mr. Barber(BSc., PGeo., Citation Applied Geostatistics) is a registered Professional Geoscientist with more than 35 years of mineral exploration experience. Previously employed as the Geology Superintendent at Barrick-Hemlo, Ontario, he extended the mine life by at least 18 years through the discovery and delineation of over 4.5 Moz of gold in reserves and resources. Mr. Barber was responsible for all aspects of production geology and exploration in the Williams underground and open pit mines. He is also an experienced exploration geologist, having managed grassroots to advanced exploration programs in a variety of settings. He holds extensive experience in greenstone-hosted gold deposits, both narrow vein and bulk tonnage, as well as experience in epithermal gold deposits, porphyry copper-gold, VMS base metal, komatiite associated nickel and pegmatite deposits. Mr. Barber holds a B.Sc. (Honors) from Laurentian University and a Citation in applied Geostatistics from the University of Alberta.

Mr. Donald Boucher (BSc. Major Physics and Geology, Brock University, PGeo.) to assist with core drill programs in both Ontario and Québec and to provide First Nation relations advice. Mr. Boucher brings over 45 years of geological and geophysical field exploration (gold, diamonds, base metals, coal), mineral project and corporate management experience in Canada and Greenland. He served with DeBeers Canada Exploration Inc. holding a variety of positions including Divisional Manager East/ Senior Exploration Geologist, Divisional Manager Canada and Technical Manager, Joint Venture Projects. Mr. Boucher also served as Northern Superior's Vice President of Exploration from 2007- 2012 before retiring from full time employment. He has also held various levels of field geologist and geophysical positions as an independent contractor, with Monopros Ltd. and Hudson Bay Exploration and Development.

Mr. Michel Leblanc (Sciences Bachelor Geology, Université du Québec à Chicoutimi, PGeo.) to manage the Company's Lac Surprise core drill programs. Mr. Leblanc has over 30 years of field geology and exploration project management experience in Québec, Ontario and Saskatchewan. His primary focus is gold exploration, but he has also explored for Ni-Cu-EGP and uranium. He served as exploration manager for Queenston Mining, project manager for Northern Superior and Géonova Exploration Inc. and field geologist for a variety of Companies including Queenston Mining, Canalaska Ventures, Pacific Northwest Capital Corp., Falconbridge Ltd., Kinross Gold Corp., Corp. Miniére Inmet and SOQUEM.

Further to these appointments, the Company has engaged Orix Geoscience (Sudbury) to assist in providing modelling services and additional personnel as required.

About Northern Superior

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

For further information contact:

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

SOURCE: Northern Superior Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/665360/Northern-Superior-Appoints-Mr-Rodney-Barber-Vice-President-Exploration-and-Adds-Key-Contract-Staff-To-Support-Exploration-Programs

DENVER, CO / ACCESSWIRE / September 24, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") has released its 2020 Sustainability Disclosure Topics & Accounting Metrics ("2020 SASB Report"), which uses the Value Reporting Foundation's Metals & Mining Sustainability Accounting Standard of reporting to outline the Company's progress on its sustainability performance in 2020 at the Don David Gold Mine in Oaxaca, Mexico.

The team at Gold Resource Corporation holds itself accountable to the highest environmental, social and governance standards. Our commitment to acting responsibly and delivering excellence in sustainability allows us to deliver benefits to all our stakeholders, including our employees and local communities," said Allen Palmiere, President and Chief Executive Officer.

The Company's 2020 SASB Report, available at https://goldresourcecorp.com/responsible-mining/esg-reports/, highlights significant progress achieved by the Company in 2020 when compared with 2019, including:

A 38% decline in greenhouse gas emissions (or 23% decline related to tons of CO₂ equivalent produced per tonne of ore processed).
A 14.8% decline in the fresh water withdrawn per tonne of ore processed.
A 31% decline in the fresh water consumed per tonne of ore processed.
The percentage of tailings recycled through the paste plant rose to 26% from 5.7% in 2019.

The declines in tons of CO₂equivalent are largely due to the conversion to the electrical grid from diesel generating capacity. We continue to focus on identifying opportunities to lower our power consumption and improve efficiency in this area. The declines in water consumption were due to the installation of the paste tailings plant as water is recycled back to the processing plant from this process.

About Gold Resource Corporation

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

Cautionary Statements:

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

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

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/665382/Gold-Resource-Corporation-Issues-2020-Sustainability-Accounting-Standards-Report

Infographic 1

Infographic 2

All 24 completed drill holes drilled intersected significant widths of quartz-sulphides veining demonstrating the robust nature of the Surebet Polymetallic Gold-Silver Zone (“Surebet”) that remains open both along strike and to depth.
- A total of 5,332 meters were drilled in the maiden 2021 drill campaign at Surebet.
- 100% of the holes intersected the Surebet along the 1,000 meters strike length and 1,000 meters down dip to the west.
GD-21-24 (421 meters @ 100°/-50°, UTMs: 457018E–6162588N) from the Real Deal Showing intersected 3 separate quartz-sulphide intervals:
- Upper interval extends for 27.44 meters* from 180.56-208.00 meters characterized by quartz veining and brecciation with a few stringers of pyrrhotite (<0.1%) that correlates to the Real Deal Showing found at surface.
- Middle interval extends for 21.72 meters* from 273.72–295.44 meters containing extensive quartz-veining and brecciation with sulphides of up to 10%.
  An accompanying infographic is available at:
  https://www.globenewswire.com/NewsRoom/AttachmentNg/e2c28b9f-815e-4b6f-bddb-9b2b3e4718ff
  - A 500 meter down dip extension of Surebet from the Southwest Showing, (GD-21-09, 286 meters @ 40°/-89°, UTMs: 457455E–6163001N) based on a 30-degree dip.
  - A 1,000 meter down dip extension to the west of Surebet from the Northeast Showing (GD-21-06, 195 meters @ 30°/-62°, UTMs: 457518E–6163317N) based on a 30-degree dip.
  - An inferred 1,125 meter down dip extension from the apex of Surebet observed at surface.
    An accompanying infographic is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/3eaf92d1-8d36-4522-b663-9d66a83d32b2
- Lower interval extends 8.82 meters* from 379.67-388.49 meters characterized by quartz veins with stringers and blebs of pyrrhotite (up 2%) and minor galena and sphalerite. This zone appears to be a lower splay off Surebet.
GD-21-23 (172 meters @ 40°/-62°, UTMs: 457556E-6163166N) from the West Central Showing
- The Surebet envelope is 13.36 meters* and extends from 114.91-128.27 meters consisting of pyrrhotite (3-5% of total rock volume) stringers in quartz; vein amount and size increases with depth.
- From 115.52-116.00 meters and from 128.00-128.27 meters are two sections of quartz vein-breccia with stringers and blebs of 15-20% pyrrhotite, 3-5% galena and minor sphalerite within the quartz material. Outside of both sections the mineralized envelope consists of quartz veining (up to 50% of total rock volume) with minor pyrrhotite (1-3 %).
Drill core from the 24 holes have been sent for analysis; assays from GD21-001 to -003 have been reported and results from 21 holes are still pending.
^{* The stated mineralized lengths in meters are downhole core lengths and not true widths. True widths will be calculated once all the drilling is completed, and the exact geometry of the quartz-sulphide system can be determined with confidence.}

TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report a 21.72 meter* intercept in drill hole GD-21-24 from the Real Deal Showing containing extensive veining and brecciation with up to 10% sulphides similar to the Surebet Polymetallic Gold-Silver Zone (“Surebet”) seen in other intercepts.

All 24 drill holes (100%) in the 2021 maiden drilling campaign have intersected significant widths of quartz-sulphides veining along the 1,000 meters of strike length and 1,000 meters down dip extent demonstrates the extent and robust nature of Surebet. Surebet remains open both along strike and to depth. Assays are pending on 21 additional holes.

The Company drilled a total of 5,332 meters during its 2021 maiden diamond drill campaign at its 100% owned Golddigger Property. The program is now completed and is in the process of demobilizing for the season.

The 2021 drill campaign was designed to trace the high-grade gold-silver mineralization at Surebet along 1,000 meters of strike and down dip. From extensive channel cuts taken in 2020, the Surebet Zone averaged 9.84 meters wide grading 7.59 g/t Au with 500 meters of vertical relief and 1,000 meters of inferred down dip extent seen on the north side of the mountain. The Golddigger Property is located in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

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

QA-QC Protocols

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

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

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

Golddigger Property

The Property covers an area of 23,859 hectares (for 59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

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

Qualified Person

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

About Goliath Resources Limited

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

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

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

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

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

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

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

VANCOUVER, BC, Sept. 22, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), along with its technological partner in the United States ("US Lab"¹), are pleased to announce the latest life cycle testing results for the first 75 cycles (charging & discharging) in CR2016 LiB coin cells constructed with anode material (coated spherical purified graphite) produced from the Santa Cruz Graphite Project. Several battery cells were constructed as part of the ongoing optimization and testing program, and all the cells continue to have an extremely flat discharge pattern without noticeable degradation over the current testing period.

One cycle consists of 10 hours of charge and 10 hours of discharge, therefore 75 cycles equals approximately 1,500 hours total. South Star's testing program continues and will include a minimum of 100 cycles for each of the LiB cells. Upcoming work also includes downstream processing flowsheet optimizations and validation. (Refer to August 30^th, 2021 press release for results from initial 35 cycles.)

In addition, South Star has successfully completed 4-Point resistivity testing (4T) for use in Electrolytic Manganese Dioxide (EMD) for evaluating conductivity enhancement material used in cathodes of primary alkaline batteries. The Santa Cruz material tested was made of the purified graphite rejects from the spheronization process and confirmed that purified flake graphite from the Santa Cruz project is significantly more conductive than industry-leading material currently in use. With the alkaline battery market producing over 12 billion batteries annually and a global market value in excess of US$7.5B in 2020, this application could potentially develop into a key market for South Star.

"We continue to announce robust battery testing results while advancing towards production in 2022," commented Richard Pearce, President and CEO of South Star. "The cycle testing with anodes produced using Santa Cruz graphite in CR2016 LiB batteries continues to be very stable with little degradation throughout 75 cycles and maintaining reversible capacity on the order of 345 – 346 mAh/g through cycle 75. This equates to a degradation through 75 cycles of approximately 2 percent, which is an excellent outcome for our program.

The high-quality conductivity enhancement material for alkaline batteries markets is also very exciting. In essence, our purified graphite is extremely conductive allowing alkaline battery manufacturers to potentially reduce the required amount of graphite used as conductivity enhancement material in the cathode and instead increase the energy density to make a longer-lasting alkaline cell. The market is large and growing, and our material has proven to be very high-quality. It also requires approximately 8 to 9 months to qualify this material, which is significantly faster than in the EV markets while offering robust margins similar to the EV space. We continue to evaluate several potential markets to sell 100% of our production and develop a diversified portfolio of high value-add materials with good margins."

Santa Cruz Product Information Bulletins (PIBs) with technical information for the portfolio of products, safety data sheets (SDSs) and marketing materials have been prepared and are being distributed to our existing partners and potential clients. Samples of value-add products including micronized & purified graphite, expanded & expandable graphite, as well are as coated and uncoated SPG will also be produced and available for testing.

Key Management and Board Changes

South Star is pleased to announce the appointment of Ms. Samantha Shorter to the role of CFO in place of Mr. Bennett Liu, who has resigned to pursue other opportunities. Ms. Shorter is a senior finance and accounting professional with 15 years of experience in the mineral exploration sector and has served as CFO of various junior mining companies. She has extensive international experience with development projects as well as operating assets. Ms. Shorter was also previously employed as an audit manager at a major Canadian accounting firm specializing in the mining industry and has extensive experience providing financial reporting and corporate services to companies in the mining and mineral exploration industries. Ms. Shorter is a CPA, CA and CIA and holds a Bachelor of Commerce degree with Honours from the University of British Columbia.

South Star is also pleased to announce the appointment of Ms. Priscila Costa Lima to the Board of Directors in place of Mr. Felipe Alves, who has elected to step down to pursue other interests. Ms. Costa Lima is senior finance and accounting professional with 20 years of experience in corporate finance, reporting & audit, and equity & debt financing in the mining and entertainment sectors. Currently she serves as the CFO of BRON Media Corp., and prior to that, she was the Finance Director for Force Four Entertainment (an eOne Entertainment company). Before making the move to the entertainment industry, she worked in the mining / resource sector where she served as the CFO of Marlin Gold Mining Ltd. from 2010 to 2014. Ms. Costa Lima is a Brazilian citizen based in Vancouver, BC. She is a CPA, CMA and holds a BBA in Finance with a joint Major in Economics from Simon Fraser University.

Richard Pearce commented, "On behalf of the Board of Directors and Management, we are pleased to welcome Sam and Priscila to the team and look forward to working with them as we advance to construction, Phase 1 production and subsequent scaling of the operations to a world-class graphite asset. We are excited to add their experience and expertise to our growing team, and they will be key collaborators as we move forward with our plans. We would like to also to thank Felipe and Bennett for their contributions and tireless work ethics over the years. We wish them much success in their new endeavours."

Lithium-Ion Battery Life Cycle Test Results

Purified graphite was successfully micronized using advanced pilot scale mechanical milling system outfitted with two air classification circuits. Once the target sizing geometries were achieved, uncoated SPG was produced by rolling and rounding the micronized graphite into elliptical spheres in a specialized mill. The elliptical shapes are a preferred morphology for higher packing density active loadings in battery electrodes. They are also preferred due to better rate capacities, safer and generally longer-life LiBs. Uncoated SPG was coated with a nanolayer of soft carbon and heat treated under a blanket of inert gas. The hardened coating provides a layer of protection from exfoliation and general degradation during the normal expansion and contraction cycles associated with charging and discharging. The coating also reduces ongoing reactions of electrolytes with the graphitic carbon, which results in a reduced battery life (See June 29^th, 2021 press release for more details).

Next, a copper foil was coated with the anode slurry using the drawdown technique, and the electrode was dried under vacuum and weighed. Finally, the anode was welded to the bottom can of a stainless-steel standard CR2016 coin cell. Three identical coin cells were produced, and testing includes the following: reversible capacity, irreversible capacity, irreversible capacity loss and long-term cycling stability as a function of the elapsed number of charge/discharge cycles.

Figure 1: Santa Cruz LiB Battery Results Through Approximately 75 Cycles (CNW Group/South Star Mining Corp.)

As shown in Figure 1, other notable positive properties of Santa Cruz anode material are that their reversible capacities are at approximately 345 mAh/g thru 75 cycles, which is a degradation of 2 percent. Assuming the current degradation rate continues, Santa Cruz graphite could potentially exceed 500 cycles prior to performance cut-off and potentially provide an interesting alternative to synthetic graphite, which has significantly higher costs, higher environmental footprint and is a product derived from petroleum.

Figure 2 presents the results for Cell 3 through cycles 25, 50 and 75 and confirm that the cells maintain excellent electrochemical performance throughout the current testing attesting to the robust nature of the Santa Cruz natural crystalline flake characteristics as anode material for lithium-ion batteries.

Figure 2: Cell 3 Cycles 25, 50 & 75 Testing Results (CNW Group/South Star Mining Corp.)

Conductivity Enhancement Material for Alkaline Battery Cathodes Test Results

South Star successfully completed 4-Point resistivity testing for Electrolytic Manganese Dioxide (EMD) for evaluating conductivity enhancement material used in cathodes for primary alkaline batteries. The Santa Cruz material tested was made of the purified graphite rejects from the spheronization process with a D50 equal to 7 microns. Compression molded cathode rings made from EMD using Santa Cruz graphite were produced using varying loadings into the EMD. The resistivity was tested using an industry standard 4-point (4T) test where resistivity is determined by Kelvin Bridge and is measured in Ω inch or mΩ·cm. Various pressures were tested to determine the resulting resistivity. The results are presented in Figure 3 and confirm that conductivity enhancement material made from Santa Cruz purified graphite outperformed industry standard expanded graphite and synthetic graphite products. Potentially, purified rejects from the spheronization process could provide lower cost and higher quality alternatives to current industry standard products.

Figure 3: 4T Testing Result (CNW Group/South Star Mining Corp.)

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals – YouTube

CAUTIONARY STATEMENT

Neither the 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 press release.

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

Cision

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SOURCE South Star Mining Corp.

Cision

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VANCOUVER, BC / ACCESSWIRE / September 22, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to report results of 2021 Phase 2b diamond drilling at the Lone Star Zone on the Company's wholly owned 586 square kilometer Klondike District Project near Dawson City, Yukon Territory.

Highlights from Phase 2b Lone Star Drilling:

0.35 g/t Au over 150.0 meters from 7.0 meters to 157.0 meters in LS21-397 including
0.74 g/t Au over 38.0 meters from 93.0 meters to 131.0 meters
0.62 g/t Au over 58.0 meters from 156.0 meters to 214.0 meters in LS21-402
0.84 g/t Au over 29.0 meters from 4.0 meters to 33.0 meters in LS21-399

Peter Tallman, Klondike Gold's CEO comments, "At ~200 meters vertical depth, these latest Phase 2b drill results from the Lone Star Zone intersected the deepest gold mineralization yet. In addition, the Lone Star Zone gold mineralization has demonstrated continuity along the downhill slope dip length over 350 meters distance. This is a substantial increase from 200 meters previously. All dimensions remain open, and we will soon be reporting the results of drill testing to the east. All these results will be incorporated into the forthcoming independent Technical Report as we work towards a maiden mineral resource."

PHASE 2 DRILLING

Phase 2 drilling at the Lone Star Zone is complete. Results from the Lone Star area (Phase 2b) tested the downslope and potential down-dip extension of the Lone Star Zone with 13 holes totalling 2,661 meters are reported here. Results from the Lone Star ‘East' area (Phase 2a) tested the potential eastern extension of the Lone Star Zone with 12 holes totalling 1,222 meters, are still pending and due shortly. See Figure 1 for drill targets and Table 1 for assay results on the Phase 2b Drilling on the Lone Star Zone.

See Figure 2 for a simplified cross section across the Lone Star Zone showing continuity of mineralization subparallel to the slope which includes deep hole LS21-397.

Figure 1: Lone Star Zone Target Areas and 2021 Phase 2 Drill Holes.

Figure 2: Cross section with LS21-397 gold intersection from surface to 150 meters vertical depth.

Table 1: Significant Lone Star Zone Drill Phase 2b Mineralization

Hole ID	From (m)	To (m)	Au (g/t)	Length (m)
LS21-391	189.00	198.00	0.48	9.00
LS21-391	189.00	218.00	0.27	29.00
LS21-391	232.00	252.00	0.49	20.00
LS21-396	5.00	10.00	0.72	5.00
LS21-397	7.00	157.00	0.35	150.00
LS21-397	7.00	17.00	0.94	10.00
LS21-397	64.00	82.00	0.53	18.00
LS21-397	93.00	131.00	0.74	38.00
LS21-398	93.83	107.00	0.58	13.17
LS21-399	4.00	33.00	0.84	29.00
LS21-400	117.00	130.00	0.52	13.00
LS21-401	14.00	55.00	0.20	31.00
LS21-402	105.00	124.36	0.60	19.36
LS21-402	156.00	214.00	0.62	58.00
LS21-403	1.52	46.00	0.37	44.48
LS21-403	65.00	80.77	0.47	15.77
LS21-404	139.00	146.00	0.82	7.00
LS21-405	235.00	239.27	0.43	4.27
LS21-406	18.00	34.00	0.41	16.00
LS21-407	22.00	42.00	0.51	20.00
LS21-407	134.00	139.00	0.49	5.00
LS21-407	134.00	172.20	0.24	38.20
LS21-407	158.00	172.20	0.43	14.20

All holes are drilled at 200 azimuth and 55 degree dip. Oriented core data shows sheeted gold quartz veining is structurally uniform at 310 azimuth and 35 degree northeast dip. From this data, drill hole intersections are approximately >90% of true width. Offsets of mineralization within section occur as a result of (oblique to section) offset faults with 30m to 100m approximate displacement.

GEOLOGY UPDATE

A significant deep crustal fault has been identified by mapping comprised of graphitic melange with large pyroxenite blocks or ‘knockers' derived from crustal terranes deep beneath the obducted Klondike Schist. The Lone Star Zone mineralization comprised of gold-bearing sheeted vein zones with locally disseminated gold is developed between this deep crustal fault below and a secondary fault (the Rabbit Creek fault in earlier news releases) more than 1,000 meters away uphill.

PHASE 4 DRILLING AND EXPLORATION UPDATE

A Phase 4 addition to the 2021 drilling program consisting of approximately 12 to 15 holes totalling up to 1,500 meters is underway with holes planned to include testing a new target area located by recent prospecting (see News Release August 24, 2021).

Klondike Gold contracted GeoCloud Analytics of Melbourne, Australia to complete a detailed re-interpretation of the 2019 LIDAR survey data. A detailed interpretation of 10% of the Company's land holdings covering the core Bonanza and Eldorado Creek area has been received. Based upon the identification of abundant new targets, including over 1,200 previously unknown pits or workings as example, the re-interpretation work has been expanded to include the entire district flown with this survey. This work is intended to substantially increase the overall resolution of the original survey and to identify and systematically map key features that will help the Company target additional areas of potential mineralization throughout the Klondike District Project. The work is in progress.

Klondike Gold also contracted LiDAR Services International Inc. to complete a high resolution orthophoto survey over key areas of the Klondike District Project. The survey has been flown with results received and validated. This photo survey is now the base reference datum for ongoing drill work.

SRK Consulting of Toronto have been contracted to prepare a Technical (NI43-101) Report summarizing geology and exploration on the Company's Klondike District Project. Site visit field review has been completed. The report is in progress and is anticipated to be completed for filing by 4Q2021.

2021 ASSAY PROTOCOLS

All 2021 drill holes referenced in this release produced NTW (5.71cm dia.) drill core. Assay samples from drill core are cut using a diamond saw. Half the core sample interval is bagged, tagged, and sealed; the other half is returned to the core box with a corresponding tag and retained for reference. Two gold reference standards, two blank samples (a coarse and a fine), and a coarse sample duplicate per 100 samples, are routinely inserted as part of Klondike Gold's quality assurance / quality control ("QA/QC") program, independent of and additional to the laboratory QA/QC program.

Sample bags are aggregated into rice bags, sealed, and submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories ("BV Labs") preparation facility in Whitehorse, YT with chemical analysis of sample pulps completed in Vancouver, British Columbia. Bureau Veritas Labs is an accredited ISO 9001:2008 full-service commercial laboratory.

At BV Labs each drill core sample is crushed to 70% passing 2 mm size. A 500 g subsample is pulverized to 85% passing 75 microns size (200 mesh)(Code PRP70-500). All samples of 500 g were sieved to 106 microns (140 mesh) for "metallic screen" assaying. The +140 mesh fraction is weighed and assayed for gold by fire assay ("FA") fusion with a gravimetric finish (Code FS631). A 30 g subsample of the -140 mesh fraction is assayed for gold by fire assay ("FA") fusion with an atomic absorption ("AA") finish (Code FA430). All over-limit results in excess of 10 ppm (10 g/t) for both silver and gold are re-assayed using a 30 g subsample and assayed by FA with a gravimetric finish (Code FA530-Au/Ag). Total gold grade is then calculated using a weighted average of the plus and minus fraction assay results.

QUALIFIED PERSONS REVIEW

The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

COVID-19 UPDATE

Klondike Gold continues to take proactive measures to protect the health and safety of our local host community, our contractors and our employees from COVID 19. Exploration activities in 2021 continue to have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Disclaimer for Forward-Looking Information

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

SOURCE: Klondike Gold Corp.

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TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract with Prospectair Geosurveys Inc. of Quebec to conduct a high-resolution Magnetic and Radiometric airborne geophysical survey on the Good Hope Niobium Project, located 60 km northwest of Marathon, Ontario. The survey is scheduled to begin at the end of September 2021 and be completed over a period of 1 to 3 days.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Good Hope Niobium Property Location

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Geophysical Survey Plan (Prospectair Geosurveys Inc.)

The planned airborne survey will better define the potential of the area surrounding the discovered niobium-rich carbonatite occurrences outlined in Plato Gold’s 2018 diamond drilling program. Results from both the survey and the recently completed sampling program conducted on the 2018 drill core (see Plato Gold News Release, August 25, 2021), will be used to focus the company’s exploration work moving forward. The expanded sampling program resulted in the submission of 2,314 samples to the Actlabs Laboratory facility in Thunder Bay, Ontario for niobium analysis. The company expects to start receiving results from this program over the next 2 to 3 weeks.

Anomalies generated by the company’s airborne geophysical survey and assay results from the sampling program, will be used in targeting a phase 2 diamond drilling program at the main discovery area on the Good Hope Property.

The Good Hope Property is a discrete carbonatite complex located northwest of the Prairie Lake Carbonatite Complex. The Good Hope carbonatites are host to niobium mineralization which occurs principally as pyrochlore-apatite clasts within a carbonatite breccia. The carbonatites are distinct in their mineralogy from the nearby Prairie Lake Complex.

The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a ‘Qualified Person’ (QP) under National Instrument 43-101.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit www.platogold.com.

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

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward-Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Figure 1

2021 Drill Holes Completed

Figure 2

Cross Section of the Jubilee South Drilling

Figure 3

Drill Holes at Southern Extension of Surluga Resource

Figure 4

Drill Holes at Northern Extension of Surluga Resource

TORONTO, Sept. 20, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.

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

Intersection in SD-21-298A of 25.73 g/t gold over 4.78 metres true width (TW) in the Jubilee Shear Zone, including 41.73 g/t gold over 1.93 metres (TW) and 45.80 g/t gold over 0.92 metres (TW), more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.
Indications that higher-grade gold mineralization extends down-dip of the Surluga Deposit inferred resource, in the northern extension of the Surluga Deposit.
- Intersection of 4.39 g/t gold over 2.55 metres (TW) including 8.76 g/t gold over 0.87 metres (TW) in SD-21-299.
- Intersection of 3.38 g/t gold over 2.91 metres (TW) in including 5.52 g/t gold over 0.91 metres (TW) in SD-21-301.
Visible gold has been observed in two different veins in the Jubilee Shear Zone located in hole SD-21-302 in the Surluga South discovery (assays pending).

“The results from our 2021 drilling program continue to illustrate the untapped potential of the Wawa Gold Project. Hole SD-21-298A confirms the presence of zones of high-grade gold mineralization in the Surluga South exploration target and represents an exciting development in the discovery made by Red Pine in 2020. In the northern end of the Jubilee Shear Zone, >400 metres down-dip of the inferred resource of the Surluga deposit, our drilling results suggest that higher-grade mineralization extends into previously unexplored areas. These results are beginning to define a zone that would expand the resource in the northern end of the deposit.

Red Pine’s production has significantly improved with the two operating drills on site, the contractor’s recent ability to operate the third drill will significantly improve our drilling production. The third drill, which will target the Darwin-Grace greenfield target, is on schedule to start this month.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/8da834b7-bba8-4a44-8ed3-419ea34f51cf

Diamond Drilling

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

At the southern end of the Surluga Deposit, in holes SD-21-296A, 297A, 298A and 302, the Jubilee Shear Zone was successfully intersected up to 400 metres away from the current boundary of the Surluga Deposit resource. Results in the Jubilee Shear Zone for holes SD-21-296A, 297A and the top of hole SD-21-298A have previously been released. Visible gold has been observed in two different veins in the Jubilee Shear Zone in SD-21-302 (assays pending).

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

Hole SD-21-300 continues to expand the mineralized footprints of the newly discovered Sadowski Gold Zone, a newly discovered near-surface network of quartz veins hosting zones of high-grade mineralization.

At the northern end of the Surluga Deposit, drilling indicated that the Jubilee Shear Zone extends down-dip of the current limit of the inferred resource, and that zones of higher-grade gold mineralization could exist in the unexplored down-dip extension of the structure. This is supported by the new drilling results from holes SD-21-299 and SD-21-301 that confirm the extension of gold mineralization in the Jubilee Shear Zone down-dip beyond the current inferred resource of the Surluga deposit. In addition, in hole SD-21-299, a network of gold mineralized quartz veins was discovered above the Jubilee Shear Zone.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program (includes complete results from SD-21-298A)

Hole	From (m)	To (m)	Length (m)*	True Width (m)	Visible Gold	Gold (g/t)	Zone
SD-21-298A	86.35	87.5	1.15		Yes	24.80	Sadowski Gold Zone
	320.2	323.35	3.15	2.68	Yes	109.37	Minto Mine Shear Zone (previously reported)
	Including
	320.2	321.32	1.12	0.95		26.93
	322.36	323.35	0.99	0.84	Yes	314.00
	578.26	579.54		1.28		9.95	Quartz vein
	609	610.38	1.38	1.27		9.64	Jubilee Shear Zone (South)
	661.65	666.85	5.20	4.78	Yes	25.73
	Including
	661.65	662.65	1.00	0.92	Yes	45.80
	664.75	666.85	2.10	1.93	Yes	41.73
	698.04	703.03	3.96	3.64		0.68
SD-21-299	92	93.28	1.28			6.09	Quartz vein
	227.4	230	2.60	2.55		4.39	Jubilee Shear Zone (North)
	Including
	227.4	228.29	0.89	0.87		8.76
	238.25	239.25	1.00	0.98		2.59
SD-21-300	33.72	34.72	1.00			1.06	Disseminated sulfides
	93	94	1.00			2.87	Sadowski Gold Zone
	106.65	107.62	0.97			1.11	Sadowski Gold Zone
SD-21-301	228.59	237.38	8.79	8.00	Yes	0.69	Jubilee Shear Zone (North)
	Including
	228.59	229.46	0.87	0.79	Yes	3.91
	253	256.2	3.20	2.91	Yes	3.38
	Including
	253	254	1.00	0.91		5.52

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Results in zones labelled Quartz vein and Disseminated sulfides are presented as core length and additional drilling is necessary to estimate the true width of those zones of mineralization.

Figure 2- Cross Section of the Jubilee South Drilling
https://www.globenewswire.com/NewsRoom/AttachmentNg/e46504f8-a124-469b-8bbc-18769a2015be

Table 2 – Coordinates of the Reported Holes

Hole ID	Easting	Northing	Elevation	Azimuth	Dip	Depth (m)	Status
SD-21-298A	668546	5315425	361	272	74	729	Completed
SD-21-299	668581	5317216	390.9	304	-49	372	Completed
SD-21-300	668546	5315425	361	311	-77	411	Abandoned in diabase
SD-21-301	668581	5317216	390.9	324	-62	381	Completed
SD-21-302	668536	5315448	361.6	268	73	735	Completed

Figure 3- Drill Holes at Southern Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/ab371d66-332c-4bf8-8f1c-dc30d735dc72

Figure 4- Drill Holes at Northern Extension of Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/2fe8f67a-ef5d-4354-9022-d44e2cd7bf69

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

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

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

Qualified Person

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

COVID-19 Precautions

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

About Red Pine Exploration Inc.

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

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

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

Or contact:

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

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

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

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

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

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

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract with Prospectair Geosurveys Inc. of Quebec to conduct a high resolution airborne Magnetic and Time-Domain Electromagnetic (TDEM) geophysical survey on the Pic River PGE-Cu-Ni Property, located 30 km northwest of Marathon, Ontario. The survey is scheduled to begin in early November 2021 and be completed over a period of 3 to 5 days.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 1: Plato Gold Corp. Media Snippet

Pic River Property Location

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 2: Plato Gold Corp. Media Snippet

Geophysical Survey Plan (Prospectair Geosurveys Inc.)

The survey planned for Pic River Property will assist in outlining potential PGE-Cu-Ni targets within the favourable layered gabbro series that extends west onto Plato Gold’s Pic River claims from Generation Mining Limited’s Sally Zone Deposit. The layered gabbro unit, which occupies the eastern and northern rim of the Coldwell Alkalic Complex, was identified and mapped by Walker et al. (1993) of the Ontario Geological Survey, as representing the basal portion of the complex.

The layered gabbro unit also hosts other PGE-Cu-Ni mineralized zones including the Marathon Palladium-Copper Deposit along the eastern rim of the complex. Generation Mining is currently awaiting environmental approval for the development of an open pit mining operation. The current Measured and Indicated mineral resource estimate for the Marathon Deposit consists of 3.24 Moz Pd, 1.06 Moz Pt, 796 Mlb Cu, 9.34 Moz Ag and 0.39 Moz Au (Generation Mining Limited website, September 2021).

Anomalies generated by Plato Gold’s upcoming airborne geophysical survey will be used to define targets for a planned diamond drilling program on the Pic River PGE-Cu-Ni Property.

It should be noted that mineralization hosted on Generation Mining’s adjacent Marathon Property is not necessarily indicative or representative of mineralization hosted on the Company’s property. Further exploration work by Plato Gold is required to determine the composition and continuity of the favorable mineralized gabbro horizon across the Pic River Property.

The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a ‘Qualified Person’ (QP) under National Instrument 43-101.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

For additional company information, please visit www.platogold.com.

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

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward-Looking Statements

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce the completion of the previously-announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) whereby Talisker Resources Ltd. ("Talisker") acquired all of the issued and outstanding common shares of the Company (each, a "Common Share"). New Carolin is now a wholly-owned subsidiary of Talisker.

Under the terms of the Arrangement, former New Carolin shareholders (other than Talisker) received 0.3196 of a common share of Talisker for each Common Share held. In addition, options and warrants to acquire Common Shares became exercisable for common shares of Talisker, all in accordance with the terms of the Arrangement.

As the Arrangement has now completed, the Common Shares will be de-listed from the TSX Venture Exchange effective as of the close of business on September 16, 2021. In addition, New Carolin will begin the process of applying to cease to be a reporting issuer or the equivalent in the relevant Canadian jurisdictions.

Full details of the Arrangement and certain other related matters are set out in the management information circular of New Carolin dated August 10, 2021 (the "Information Circular"). A copy of the Information Circular can be found under New Carolin's profile on SEDAR at www.sedar.com. Former New Carolin shareholders who require assistance with the completion of the letter of transmittal are advised to contact Computershare Investor Services Inc., the depositary for the Arrangement, by telephone (toll-free) at 1-800-564-6253.

About New Carolin

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

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release.

Caution concerning forward-looking information

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96775.

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

Company: New Carolin Gold Corp.

TSX-Venture Symbol: LAD

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:00 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Cision

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

Figure 1

Plan View of the Guayabales Project and the Victory Target

Figure 2

Plan View of the Victory Target Area

Figure 3 (1)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 3 (2)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 4 (1)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (2)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (3)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (4)

Victory: Porphyry Style Mineralization in Outcrop Samples

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

Highlights (Table 1 and Figures 1-4)

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

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

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

Table 1 Rock and channel sampling at the Victory Target

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

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

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

Details

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

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

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

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

Qualified Person (QP) and NI43-101 Disclosure

Technical Information

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

About Collective Mining Ltd.

Contact Information

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

FORWARD-LOOKING STATEMENTS

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

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

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

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

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

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

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

Highlights

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

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

Figure 1 – Gold in soil samples

Figure 2 – Copper in soil samples

Figure 3 – Zinc in soil samples

Figure 4 – Lead in soil samples

Figure 5 – Bismuth in soil

Figure 6 – Molybdenum in soil samples

Figure 7 – Arsenic in soil samples

Figure 8 – Silver in soil samples

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

Stock Option Grant

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

Qualified Persons

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

About PJX Resources Inc.

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

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

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

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

Forward-Looking Information

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

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

SOURCE: PJX Resources Inc.

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

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

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

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

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

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

Qualified Person

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

On behalf of the Board,

"Michael Hudson"

Executive Chairman

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

Forward-Looking Statement

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

SOURCE: Mawson Gold Limited

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

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

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

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

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

Qualified Person

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

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

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

Reference Cited:

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

About Northern Superior

For further information contact:

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

SOURCE: Northern Superior Resources Inc.

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

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

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

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

Waterfall Showing diamond drill holes:

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

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

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

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

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

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

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

QA-QC Protocols

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

Golddigger Property

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

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

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

Qualified Person

About Goliath Resources Limited

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

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

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

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

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

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

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

About New Carolin

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

ON BEHALF OF THE BOARD OF DIRECTORS

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

Caution concerning forward-looking information

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

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

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

About Thundercloud Property

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

About Dynasty Gold Corp.

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

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"
_________________________________

Ivy Chong, President & CEO

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96348

Figure 1

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

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

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

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

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

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

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

Qualified Person (QP) and NI43-101 Disclosure

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

About Collective Mining Ltd.

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

Contact Information

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

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

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

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

View our latest analysis for Resolute Mining

Resolute Mining Insider Transactions Over The Last Year

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

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

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

Does Resolute Mining Boast High Insider Ownership?

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

What Might The Insider Transactions At Resolute Mining Tell Us?

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

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

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

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

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

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

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

Webcast: goldforum.info/?e59play-virtual54.

About GRC:

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

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

SOURCE: Gold Resource Corporation

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

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

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

View our latest analysis for Investigator Resources

When Might Investigator Resources Run Out Of Money?

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

How Is Investigator Resources' Cash Burn Changing Over Time?

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

Can Investigator Resources Raise More Cash Easily?

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

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

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

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

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

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

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

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

On behalf of Arcus Development Group Inc.

“Ian J. Talbot”

Ian J. Talbot, President and CEO

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Arcus Development Group Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Arcus Development Group Inc.’s expectations are the risks detailed herein and from time to time in the filings made by Arcus Development Group Inc. with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

For additional information contact:

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

ENDEAVOUR ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING

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

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

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

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

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

CONTACT INFORMATION

Endeavour Mining

Martino De Ciccio

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

Brunswick Group LLP in London

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

Vincic Advisors in Toronto

John Vincic, Principal

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

ABOUT ENDEAVOUR MINING PLC

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

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

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

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

Attachment

Announcement of Results of Extraordinary General Meeting

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

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

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

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

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

About New Carolin

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

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

Caution concerning forward-looking information

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

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

Figure 1

Cerro Viringo Supía

Figure 2

Guided visits with community members during project formulation stage

Figure 3

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

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

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

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

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

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

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

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

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

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

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

About Collective Mining Ltd.

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

For further information, please contact:

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

FORWARD-LOOKING STATEMENTS

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

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

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

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Infographic 1

Infographic 1

Infographic 2

Infographic 2

Figure 1

2021 Drill Holes Completed

Figure 2

Cross Section of the Jubilee South Drilling

Figure 3

Drill Holes at Southern Extension of Surluga Resource

Figure 4

Drill Holes at Northern Extension of Surluga Resource

Figure 1

Plan View of the Guayabales Project and the Victory Target

Figure 2

Plan View of the Victory Target Area

Figure 3 (1)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 3 (2)

Magnetic Inversion Section and Plan View Across the Victory Target

Figure 4 (1)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (2)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (3)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 4 (4)

Victory: Porphyry Style Mineralization in Outcrop Samples

Figure 1

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

Resolute Mining Insider Transactions Over The Last Year

Does Resolute Mining Boast High Insider Ownership?

What Might The Insider Transactions At Resolute Mining Tell Us?

When Might Investigator Resources Run Out Of Money?

How Is Investigator Resources' Cash Burn Changing Over Time?

Can Investigator Resources Raise More Cash Easily?

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

Figure 1

Cerro Viringo Supía

Figure 2

Guided visits with community members during project formulation stage

Figure 3

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

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