VANCOUVER, BC, July 6, 2020 / - Great Bear Resources Ltd. (the "Company" or "Great Bear"), (TSX-V: GBR) (OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

 

Chris Taylor, President and CEO of Great Bear said, "The most recent drilling along 650 metres of strike length of the multi-kilometre LP Fault gold system has shown mineralization typically expands at depth. As the system broadens, we generally observe an increasing number of high-grade gold intervalswithinbroader halos of moderate gold grades.  Gold mineralization continues to show excellent continuity within and between drill sections in all locations tested to date.  A new gold zone adjacent to the LP Fault zone was also discovered at approximately 750 metres vertical depth, consistent with our model of a greater than one kilometre wide structural zone at Dixie that has the potential to host additional new gold discoveries."

VANCOUVER, BC / July 6, 2020 / Skeena Resources Limited (TSXV:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") has signed a binding term sheet with Barrick Gold Corporation's wholly-owned subsidiary, Barrick Gold Inc. ("Barrick"), defining the terms pursuant to which Skeena will exercise its option to acquire 100% of the Eskay Creek gold-silver project ("Eskay Creek" or the "Project") located in the Golden Triangle of northwest British Columbia, Canada. In addition, Barrick has agreed to waive its back-in right on Eskay Creek. As a result of this transaction, Barrick will become a significant shareholder in Skeena.

 

Skeena's CEO, Walter Coles Jr. commented, "Skeena is honoured to have Barrick as a significant shareholder as we endeavor to revitalize Eskay Creek, the former highest-grade, past-producing gold mine in the world. The recent improvements to infrastructure in the Golden Triangle offer us an opportunity to potentially reopen closed mines and contribute to the economic development of communities in northern Canada. Gaining 100% ownership and operatorship of Eskay Creek is an important milestone in the evolution of our Company. Skeena is well financed with almost C$50 million of cash and we continue to believe there are meaningful opportunities to increase the grade and size of this project with aggressive exploration drilling."

VANCOUVER, BC, July 6, 2020  - District Metals Corp. (TSX-V: DMX) ("District" or the "Company") is pleased to announce that it has progressed the compilation of historical drill data, and the Leapfrog 3D geological model of the historic Tomtebo Mine located within District's polymetallic Tomtebo Property in the Bergslagen Mining District of south-central Sweden.  In partnership with EMX Royalty Corp. (TSX-V:EMX), this work represents an important development for the Tomtebo Property that has never been previously conducted, and has already identified exceptional drill ready targets.

 

Historic drill highlights from the Oscarsgruvan zone at the Tomtebo Mine show significant polymetallic mineralization at shallow depths (within 200 m from surface) that is open along strike and at depth.  These historic highlights are from drilling campaigns by Stora AB from 1916 to 1972.

 

Oscarsgruvan Historic Drill Highlights

 

The Oscarsgruvan zone is situated at the north end of the Tomtebo Mine, and is dominated by silver-zinc-lead mineralization with lesser copper-gold mineralization.  The holes highlighted below show strong mineralization associated with semi-massive and massive sulphides over a dip extent of 200 m and strike extent of 170 m that remains open.   

Vancouver, BC -  July 2, 2020 - Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the " Company " or " Durango ") is pleased to announce that an exploration team has arrived on site at Windfall Lake, Quebec .

 

The work crew has been tasked with preparing the site for the upcoming summer drill program by way of creating drill pads and clearing access to the areas of interest. As previously announced on April 4, 2019, Durango has identified 15 drill targets for the Trove Property to test favourable IP signatures that coincide with geochemistry anomalies including gold found in till samples.

 

The exploration team will also be mapping and collecting additional till and rock samples on the East Barry Block in an area of interest along the contact of instrusives and volcanics. Till samping conducted in 2018 and 2019, identified a 5km trend which we are eager to investigate and identify the source for future drill targets.

 

Marcy Kiesman, CEO of Durango, stated, "I am excited to finally get our exploration team moving at Windfall Lake. I want to thank our shareholders for their patience this year as we navigated the challenges of closures and increased regulations due to COVID19. We look forward to a busy summer exploring and drilling in the Windfall gold camp adjacent to Osisko with great hopes for success for our shareholders."