VANCOUVER, May 28, 2019  - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported a significant new high-grade gold discovery, the "Bear-Rimini Zone", at its 100% owned Dixie Project in the Red Lake District of Ontario.  Highlighted assay results from discovery drill hole DNW-011 are provided in Table 1.

 

Table 1: Highlighted results from discovery drill hole DNW-011 into the Bear-Rimini Zone.

TORONTO, May 28, 2019  -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to announce the discovery of a new shallow gold bearing zone at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

 

The new zone (“Windfall North”) was discovered in a previously unexplored area 350 metres north of the main deposit, and consists of gold-bearing quartz veins hosted in a silica-carbonate-sericite alteration envelope locally up to six metres wide. Mineralization occurs between 50 metres - 275 metres vertical depth from surface and remains open at depth and along strike, as two sub-parallel zones following the same general trend of the main deposit (zones plunging at 45 degrees NE).

 

Osisko President and Chief Executive Officer John Burzynski commented:  “Our extensive drill program at Windfall is continuing to deliver positive results on infill, expansion and exploration near the main deposit.  This new shallow high-grade discovery is a very positive sign that there is good potential to add new ounces near surface.  We expect to continue to grow the size of our deposit as we advance our work at Windfall, both near surface and with our deep drilling program.”

Vancouver, BC / May 15, 2019 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the " Company " or " Durango ") announces that 15 high priority targets have been delineated for drilling by a compilation of geological, geochemical, airborne and Induced Polarization (" IP ") surveys on its wholly owned Trove Property located within the Windfall-Barry gold camp.

 

The proposed drill program comprises 3,025 meters to be drilled in 25 diamond drill holes on the 15 high priority targets. The targets for mineralization are located at depths between 50m and 100m below surface so drill holes will have an average length of 120m. Similarities in the geological, geochemical and geophysical signatures are extremely encouraging for the upcoming drilling campaign.

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Canadian Dollars unless otherwise noted

 

VANCOUVER, May 14, 2019  Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with St Barbara Ltd. (ASX: SBM) ("St Barbara"), signed on May 14, 2019, pursuant to which St Barbara will acquire 100% of all issued and outstanding shares of Atlantic by way of Plan of Arrangement (the "Transaction"). Under the terms of the Transaction, Atlantic shareholders will receive C$2.90 in cash per Atlantic share held plus shares in a company ("SpinCo") that holds Atlantic's interests in Velocity Minerals Ltd. (TSX-V: VLC) ("Velocity"), which will be distributed to Atlantic shareholders on a pro-rata basis following completion of the Transaction.

 

The C$2.90 per share cash consideration implies a total equity value for Atlantic of approximately C$7221million and a total enterprise value of C$8022 million. SpinCo implies additional consideration of approximately C$12 million to Atlantic shareholders, or approximately C$0.05 per Atlantic share, for total cash plus SpinCo consideration of approximately C$2.95 per share. The C$2.95 per share offer represents a 41.1% premium to the closing price of Atlantic shares on the TSX Venture Exchange ("TSX-V") on May 14, 2019 and a 40.8% premium to the volume weighted average price ("VWAP") of Atlantic shares over the last 30 trading days.