MONTREAL, April 29, 2021 -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to renew a normal course issuer bid (NCIB) program, through which Dynacor may purchase, for cancellation, up to 3,111,165 common shares or approximately 10% of the public float (31,111,651 common shares as of April 20, 2021).

 

Dynacor is in a financially strong position to continue to return a portion of its cash to its shareholders through the NCIB. Additionally, it is reviewing other value-added opportunities which could further contribute to enhancing shareholder value.

 

The Corporation may purchase shares under the NCIB over a period of twelve months commencing on May 3, 2021 and ending May 2, 2022, when the bid expires. NCIB purchases are through the facilities of the TSX and certain Alternative Trading Systems (such as Nasdaq CXC and CX2, TSX Alpha Exchange and Omega ATS), and the price for any repurchased shares will be the prevailing market price at the time of the acquisition. All common shares purchased by the Corporation will be cancelled. The number of shares repurchased on any given day may not exceed 10,919 common shares, which is equal to 25% of the average daily trading volume on the TSX for the six-month period ending March 31, 2021 except where purchases are made in accordance with the “block purchase exception” of the TSX rules. The average daily volume for this period was calculated in accordance with the rules of the TSX and is equal to 43,676 common shares.

TORONTO, April 27, 2021 -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

 

Significant new analytical results presented below include 56 intercepts in 23 drill holes (7 from surface, 16 from underground) and 12 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17,2021). The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are located in a defined zone or corridor but do not yet correlate to a specific wireframe.

 

Osisko Chief Executive Officer John Burzynski commented: “We are encouraged by the expansion drilling in the Lynx and Triple Lynx areas. Today’s 37 expansion intercepts in these corridors are a good indication of the continuing potential in these zones.”

 

 

Selected high-grade intercepts include: 296 g/t Au over2.0metres in OSK-W-21-2436-W3; 177 g/tAu over 2.1 metres in OSK-W-21-2436-W2, 54.2 g/t Auover 4.5 metres in WST-21-0675, 63.7 g/t Au over 2.0 metres in WST-21-0744, and 48.2 g/t Au over 2.0 metres in OSK-W-20-2426. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

VANCOUVER, BC /  April 27, 2021 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to report diamond drill core results from the 2020-2021 campaign of exploration drilling at the Snip gold project ("Snip" or the "Project") located in the Golden Triangle of British Columbia. The exploratory program was focused upon resource expansion and delineating additional mineralization in previously unexplored areas of the near mine environment. The surface-based program was comprised of ten drill holes totaling 5,366 metres. Reference images are presented at the end of this release as well as on the Company's website.

 

Snip Drilling Highlights:

 

45.40 g/t Au over 0.50 m (S20-047)

45.76 g/t Au over 5.60 m (S20-049)

29.52 g/t Au over 4.03 m (S20-049)

37.78 g/t Au over 2.86 m (S20-049)

 

True widths range from 60-85% of reported core lengths. Length weighted Au composites are constrained by geological considerations. Grade-capping of individual assays has not been applied to the Au assays informing the length-weighted Au composites. Samples below detection limit were nulled to a value of zero.

Shareholders Letter

 

VANCOUVER, BC /  April 26, 2021 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQB:GATGF) (the "Company" or "Gatling) has recently completed a highly successful first quarter of 2021, which included the appointment of a high caliber technical advisory board and making solid progress through our 25,000 metre drill program. We have demonstrated the strong, near surface potential of the Fernland deposit through a series of impressive intersections of up to 200 m in length that have carried strong grade for an open pit prospect, raising our confidence that the deposit will eventually translate into a nice starter pit. We have now arranged a second drill rig to site, expected by the beginning of May, which will allow us to ramp up drill activity at both the Fernland and Bear deposits in addition to the Kir Vit prospect during the second quarter. During the current quarter, we will commence our metallurgical testing program ahead of cutting off drilling in early Q3 and heading towards our resource update to be completed by the end of the third quarter. From a strategic perspective, the Abitibi greenstone belt has been extremely active on the consolidation front over the past 3 - 6 months, with a number of explorers and developers being acquired, consolidated, or joint ventured, suggesting that the smaller group of remaining projects held in the hands of junior companies should begin to trade at a premium relative to the sector. Closer to home, Agnico Eagle has named their Upper Beaver project flanked on the western side of our land package, as a top-ranked project in their portfolio, with a path towards development and into production by 2027.