Osisko Intersects 106 g/t Au over 13 Metres in Lynx Extension

TORONTO, Dec. 02, 2019  -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
 
The program is currently focused on infill drilling and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Twenty-one drills are active at Lynx and Triple Lynx, with another three drills conducting infill and exploration drilling on other areas of the deposit.
 
Infill drilling at Lynx Extension has returned one of the highest-grade intervals intersected a Windfall to date, returning 106 g/t Au over 13.0 metres in OSK-W-19-991-W8. A second infill hole in the Lynx Extension (OSK-W-19-1857-W8) returned 62.4 g/t over 5.7 metres. The infill holes from the 50-metre spacing definition program continue to confirm the continuity of the Lynx Extension zone 315 metres down plunge of the nearest resource wireframe (see Osisko news releases dated June 3, 2019, April 16, 2019andNovember 27, 2018). The Lynx Extension remains open down plunge, and definition drilling will continue in the open areas.
Published: 02 December 2019
Written by Editor
TSX   Mining   Drill Results  
Read more: Osisko Mining Inc ( OSK )

Asanko Gold Ghana Wins Prestigious "Mining Company of the Year" for a Second Year in a Row

VANCOUVER, Dec. 2, 2019  - Asanko Gold Inc. ("Asanko" or the "Company") (TSX, NYSE American: AKG) is pleased to announce that for the second year in a row Asanko Gold Ghana ("AGGL") has won the prestigious "Mining Company of the Year" award from the Ghana Chamber of Mines at the annual Ghana Mining Industry Awards Ceremony. The company also received the "Best Company in Exploration" and was first runner-up to "Best Company in Innovation." AGGL is a 50:50 joint venture between Asanko Gold Inc. and Gold Fields Ltd.

"We are elated that for the second year in a row Asanko Gold Ghana has won such a prestigious award from the Ghana Chamber of Mines against very intense competition," said Greg McCunn, Chief Executive Officer. "As a relatively young mine within Ghana this award recognizes the commitment that our team continues to demonstrate through its leadership in innovation in the workplace and ensuring we operate in a safe, socially and environmentally responsible manner."
Published: 02 December 2019
Written by Editor
Mining  
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Osisko Intersects 161 g/t Au Over 8.0 Metres at Windfall

TORONTO, Nov. 25, 2019  -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
 
The program is currently focused on infill drilling and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Twenty-two drills are active at Lynx and Triple Lynx, with another two drills conducting infill and exploration drilling on other areas of the deposit.
 
Osisko President and Chief Executive Officer John Burzynski commented: “Infill drilling in the Lynx zones is delivering strong results. We are especially pleased with Triple Lynx as it continues to infill very well and is adding significant ounces. We expect continued good results from Lynx as we progress with our expansion and infill drill program.”
Published: 25 November 2019
Written by Editor
Mining   Drill Results  
Read more: Osisko Mining Inc ( OSK )

Skeena Intersects 19.73 g/t AuEq over 17.00 m in HW Zone at Eskay Creek

VANCOUVER, BC -  November 21, 2019 / Skeena Resources Limited (TSX.V:SKE) (OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce additional gold-silver drill results from the ongoing Phase I surface drilling program at the Eskay Creek Project ("Eskay Creek") located in the Golden Triangle of British Columbia. Three surface drill rigs are being used for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Drill hole results reported in this release are from the 21A, 21E and HW Zones and the new Lower Mudstone horizon. Reference images are presented at the end of this release as well as on the Company's website.
 
Phase I Eskay Creek Drilling Highlights
 
9.14 g/t Au, 348 g/t Ag (13.78 g/t AuEq) over 9.80 metres (SK-19-070)
Including: 21.40 g/t Au, 706 g/t Ag (30.81 g/t AuEq) over 0.50 metres
6.12 g/t Au, 72 g/t Ag (7.08 g/t AuEq) over 15.81 metres (SK-19-099)
Including: 36.90 g/t Au, 34 g/t Ag (37.35 g/t AuEq) over 1.50 metres
9.91 g/t Au, 737 g/t Ag (19.73 g/t AuEq) over 17.00 metres (SK-19-139)
Including: 171.50 g/t Au, 12,320 g/t Ag (335.77 g/t AuEq) over 0.83 metres
Published: 21 November 2019
Written by Editor
Mining   Drill Results   TSXV  
Read more: Skeena Resources Limited ( SKE )

Dynacor Announces 50% Increase to Its Quarterly Dividend

MONTREAL, Nov. 20, 2019  -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that its Board of Directors approved an increase in the Corporation’s quarterly dividend payment to CA $0.015 (annual CA $0.06 per share), a 50% increase.
 
Today’s announcement marks the first increase in the Corporation’s dividend history, which was launched on October 1, 2018. The decision to increase reflects management’s and the Board’s continued confidence in Dynacor’s select business model, which has proven over the years to deliver consistent earnings and free cash flow. With management’s new optimization strategy in operations steadily improving cost efficiencies, an increase in gold production and a stable or increasing gold price, the year 2020 should see Dynacor improving on its operating cashflows.           
 
Dynacor has reported profits for 34 consecutive quarters. The Corporation will continue to evaluate its dividend policy as it increases free cash flow and cash balances with the potential for further increases to its dividend. Since launching the first dividend on October 1, 2018, the Corporation has paid to shareholders five cash instalments amounting to CA $0.05 per common share.
Published: 21 November 2019
Written by Editor
TSX   Mining   Up on News  
Read more: Dynacor Gold Mines Inc ( DNG )
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  2. Dynacor Gold Mines Inc ( DNG )
  3. First Mining Gold Corp ( FF )
  4. Skeena Resources Limited ( SKE )
  5. Asanko Gold Inc ( AKG )

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