Vancouver, BC - TheNewswire - August 17, 2020 - Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the " Company " or " Durango ") is pleased to report that is has closed a non brokered private placement of 13,150,00 flow through units at a price of $0.1225 per unit and 16,250,000 non flow-through units at a price of $0.075 per unit to raise gross proceeds of $2,829,625.00.

 

The Company received a lead order from a syndicate of strategic investors led by Palisades Goldcorp Ltd. to purchase 10,000,000 flow-through units. The flow-through units were sold on a charitable flow-through basis.

 

Each flow-through unit consists of one common share and one half warrant. Each full warrant entitles the holder to purchase an additional common share at a price of $0.15 until August 13, 2023. A total of 13,150,000 flow-through units were issued for gross proceeds of $1,610,875.00. The gross proceeds from the issuance of the flow-through shares will be used in Quebec for "Canadian exploration expenses" within the meaning of the Income Tax Act (Canada). All flow-through securities issued pursuant to the flow through placement (including any shares issued on the exercise of the warrants) are subject to a hold period expiring on December 15, 2020.

TORONTO, Aug. 06, 2020  -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce it has commenced its diamond drilling program on the Ryan’s Surprise (“Ryan’s”) target located approximately 2 km west of the Company’s flagship Golden Saddle deposit and 11 km south of the Company’s VG deposit. The current drilling forms part of the Company’s fully funded 2020 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

 

The close proximity of Ryan’s to the Company’s existing mineral resources at Golden Saddle and Arc makes it a strategic target for these projects. The Golden Saddle and Arc deposits have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t gold and 402,100 ounces Inferred at 1.39 g/t gold and the VG deposit hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t gold(1).

 

“We are excited to follow up on the successful drill results from 2019 on the Ryan’s Surprise Target. Its close proximity to our existing resources has an immediate potential to add additional `ounces, and continues to demonstrate the prospectively of the targets in this area,” stated David D’Onofrio, Chief Executive Officer.

Edmonton, Alberta--(August 6, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") - is pleased to announce results from drill-hole 20CCRC003 that intersected, from surface, broad mineralization that yielded 57.91 metres (m) of 1.90 grams per tonne (g/t) gold and 91.96 g/t silver or 3.05 g/t gold equivalent* (AuEq). Within this mineralized envelope higher-grade intervals include 33.53 metres of 3.17 g/t gold and 152.28 g/t silver or 5.07 g/t AuEq*. This result is the first assays received from over 20,000 completed metres from 117 holes as part of our planned 50,000 metre drill program. The Company anticipates disclosure of additional results from August through to November 2020 in support of a new Mineral Resource Estimate. Benchmark's flagship gold-silver project is located in a road accessible area of the Golden Horseshoe in north-central British Columbia, Canada.

 

John Williamson, CEO, commented, "This drill hole was targeting a zone of limited historical drilling east of the Cliff Creek main zone and outside of the modeled mineralization. This significant result of both high-grade and bulk-tonnage mineralization is very encouraging as it will provide additional tonnage, better strip ratio and improved gold and silver grades for the Cliff Creek resource potential. Benchmark is rapidly advancing the project with near-term drill results and milestone events in the context of record gold prices."

MONTREAL, QC /  August 5, 2020 / Amex Exploration Inc. ("Amex or the Company") (TSXV:AMX)(FRA:MX0)(OTCQX:AMXEF) is very pleased to report the head grade from 3 metallurgy holes which were specifically drilled into 3 different Metal Factor isocontour areas of the High Grade Gold Zone of the Eastern Gold Zone (EGZ) at Perron. Please see Figure 1 for hole locations and Figure 2 for core photos. Results include:

 

Hole PEM-20-001intersected 11.80 meters of 27.70 g/t Au for a metal factor (MF) of 326.86 gram metres of gold. This metallurgical test hole is located approximately 6 meters East of the previously drilled hole PE-17-03 that returned a MF of 59.09 gram metres of gold.

Hole PEM-20-002 intersected 16.60 meters of 12.70 g/t Au for a MF of 210.82 gram metres of gold. This drill hole is located within the >100 gram meter gold isocontour which validates the high grade continuity of the system.

Hole PEM-20-003 returned 10.60 m of 5.65 g/t Au for a MF of 59.89. This hole is located inside an area previously identified with a MF isocontour of 10 to 50 gram meters of gold.