Project One Announces Asset Purchase Agreement With Goldeneye Capital

VANCOUVER, BC, October 5, 2021 – Project One Resources Ltd. (CSE: PJO) (the “Company” or “Project One”)  announces that, further to its news releases dated September 23, 2021 and August 16, 2021, the Company has entered into an asset purchase agreement with Goldeneye Capital Corp. (“Goldeneye”), dated October 5, 2021 (the “Definitive Agreement”), in respect of the acquisition of two gold mining properties located in Guyana, the Tassawini Property and the Harpy Property (collectively the “Properties”), from Goldeneye (the “Acquisition”).
 
Summary of Definitive Agreement and Acquisition
Pursuant to the Definitive Agreement, the Company will: (i) issue a total of 50,000,000 common shares in the capital of the Company (the “Consideration Shares”) to Goldeneye, at a deemed price of $0.25 per Consideration Share, (ii) make a one-time cash payment of US$500,000 to Goldeneye; and (iii) grant a 3% net smelter royalty over the Tassawini Property to Goldeneye. The Consideration Shares will be subject to escrow and hold periods as prescribed by the policies of the CSE and Canadian securities laws.
Published: 05 October 2021
Written by Editor
Project Update   CSE  
Read more: Project One Resources ( PJO )

Thesis Gold Drills 34.00 Metres of 19.56 g/t Au at Ranch

Vancouver, British Columbia--(October 5, 2021) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce initial drill results from the Company's maiden 20,000 metre (m) drill program at its 100% owned Ranch Gold-Copper Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Strongly altered zones from the first three holes at the Bonanza Zone were selected for rushed analysis, the results are presented in Table 1.
 
Highlights
 
Drill hole 21BNZDD001 returned 34.00 m core length of 19.56 g/t Au at the Bonanza Gold Zone; including 15.00 m of 41.64 g/t Au and 7.00 m of 82.48 g/t Au from a depth of only 26 metres downhole (Table 1).
Similarly drill hole 21BNZDD003, a 15 metre step out from 21BNZDD001 intersected high-grade gold mineralization essentially at surface returning 24.86 m of 9.53 g/t Au including 5.65 m of 28.72 g/t Au.
Published: 05 October 2021
Written by Editor
TSX Venture   Mining   Drill Results  
Read more: Thesis Gold Inc ( TAU )

Bonterra Intersects 8.0 g/t Au Over 12.1 m Near Surface Northeast of the Barry Gold Deposit

Val-d'Or, Quebec--(October 5, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce results from the ongoing drilling campaign at the Barry project. Recent drilling results expand upon the northeast sector of the Barry deposit near surface and at depth. The latest results obtained from 21 diamond drill holes are designed to expand the 2021 mineral resource estimate ("2021 MRE") released in June (see press release dated June 23, 2021). Drilling highlights include 8.0 g/t grams-per-tonne gold ("g/t Au") over 12.1 metres ("m") in the near-surface zone AB8, approximately 75 m northeast of the 2021 MRE.
 
The Company is currently drilling at a rate of approximately 6,000 m per month, focused on expanding its main gold deposits highlighted within the recently released 2021 MREs.
 
Highlights include:
 
8.0 g/t Au over 12.1 m, including 14.9 g/t Au over 3.7 m in MB-21-384
1.8 g/t Au over 13.5 m, including 10.4 g/t Au over 1.0 m in MB-21-372
2.5 g/t Au over 8.3 m, including 11.2 g/t Au over 1.7 m and 4.6 g/t Au over 3.5 m, including 25.6 g/t Au over 0.6 m in MB-21-382
Published: 05 October 2021
Written by Editor
TSX Venture   Mining   Drill Results  
Read more: Bonterra Resources ( BTR )

New Found Intercepts 64.94 g/t Au over 2.10m in Step-Out Drilling at the Golden Joint HW Zone and Extends the Golden Joint Main Vein to 235m Vertical Depth

VANCOUVER, BC, Sept. 30, 2021 New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE American: NFGC) is pleased to announce assay results from eight step-out diamond drill holes designed to expand the high-grade gold mineralization at the Golden Joint Zone, a recently made discovery located approximately 1km north of the Keats Zone and approximately 850m south of the Lotto Zone. These holes were drilled as part of the Company's ongoing 200,000m diamond drill program at its 100%-owned Queensway Project ("Queensway"), located on the Trans-Canada Highway 15km west of Gander, Newfoundland. 
 
Highlights
 
Highlight intervals are summarized below.  Additional results are provided in Table 2.
 
 
*Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 90% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.
Published: 30 September 2021
Written by Editor
TSX Venture   Mining   Drill Results  
Read more: New Found Gold Corp ( NFG )

Agnico Eagle and Kirkland Lake Gold Announce Merger of Equals To Create Highest-Quality Senior Gold Producer

Also News Release (C-AEM) Agnico Eagle Mines Ltd
 
(All amounts expressed in U.S. dollars unless otherwise noted)
 
TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) (“Agnico Eagle” or the “Company”) and Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL, ASX:KLA) (“Kirkland Lake Gold”) announced today that they have entered into an agreement (the “Merger Agreement”) to combine in a merger of equals (the “Merger”), with the combined company to continue under the name “Agnico Eagle Mines Limited”. The Merger will establish the new Agnico Eagle as the gold industry’s highest-quality senior producer, with the lowest unit costs, highest margins, most favourable risk profile and industry-leading best practices in key areas of environmental, social and governance (“ESG”). Upon closing of the Merger, the Company is expected to have $2.3 billion of available liquidity, a mineral reserve base of 48 million ounces of gold (969 million tonnes at 1.53 grams per tonne), which has doubled over the last 10 years, and an extensive pipeline of development and exploration projects to drive sustainable, low-risk growth.
 
The Merger will create a best-in-class gold mining company operating in one of the world’s leading gold regions, the Abitibi-Greenstone Belt of northeastern Ontario and northwestern Quebec (the “Abitibi”), with superior financial and operating metrics. Consolidation within the Abitibi will also provide the new Agnico Eagle with significant value creation opportunities through synergies and other business improvement initiatives. Additionally, the Company is established uniquely as the only gold producer in Nunavut and well positioned internationally with profitable and prospective assets in Australia, Finland, and Mexico.
Published: 28 September 2021
Written by Editor
NYSE   Mining   merger  
Read more: Agnico Eagle ( AEM )
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