TORONTO, Dec. 18, 2019  -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

 

The program is currently focused on the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Twenty-two drills are active at Lynx and Triple Lynx, with another two drills conducting infill and exploration drilling on other areas of the deposit.

 

Osisko President and Chief Executive Officer John Burzynski commented: “Lynx and Triple Lynx continue to deliver strong results with infill drilling. We are seeing some wider intervals of high-grade material, which should have a very positive effect on the pending resource update.”

VANCOUVER, British Columbia, Dec. 17, 2019  -- Irving Resources Inc. (CSE:IRV) (“Irving” or the “Company”) is pleased to announce its first two diamond drill holes completed at Omui Mine site, part of its 100% controlled Omu Gold Project, Hokkaido, Japan, have encountered high-grade Au-Ag vein intercepts. In addition, a recently completed deep hole at Omui Mine site has encountered multiple epithermal veins within the boiling zone at vertical depths of over 300 m.

 

Omui Mine Site Drilling Highlights:

 

The first two diamond drill holes completed at Omui Mine site, 19OMI-001 (oriented northwest at an inclination of 45 degrees) and 19OMI-002 (oriented south at an inclination of 50 degrees), have encountered high-grade Au-Ag vein mineralization (Figures 1 and 2). Results are summarized below:

Also News Release (C-LMC) Leagold Mining Corp (2) - All dollar amounts are in United States dollars unless otherwise indicated

 

VANCOUVER, Dec. 16, 2019 - Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) ("Equinox Gold") and Leagold Mining Corporation (TSX: LMC, OTCQX: LMCNF) ("Leagold") have entered into a definitive agreement (the "Arrangement Agreement") to combine in an at-market merger (the "Transaction"), creating one of the world's top gold producing companies operating entirely in the Americas. The combined entity will continue as Equinox Gold and be headquartered in Vancouver, Canada.

 

Transaction Highlights

 

Gold production of 700,000 ounces in 2020, increasing to 1 million ounces annualized production during 2021 and beyond, based on analyst consensus estimates

Diversified operating platform with six operating mines in USA, Mexico and Brazil

Substantial gold reserve and resource base

Robust revenue, EBITDA and free cash flow

Concurrent $670 million financing package: an at-market $40 million equity investment from Ross Beaty, a new $130 million convertible debenture issued to Mubadala Investment Company ("Mubadala") and $500 million in underwritten commitments from a syndicate of lenders to refinance existing credit facilities

VANCOUVER /  December 17, 2019 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce the appointment of Christian Rios to its operational and technical team. Mr. Rios is a professional geologist (P.Geo.) with a Masters in Economic Geology from the University of Arizona and brings nineteen years of experience in exploration, mining development and operations, specializing in Peru. Mr. Rios will be responsible for leading the operations of Auryn's exploration activities in Peru.

 

Mr. Rios has held a number of senior executive positions, notably, Vice President of Exploration at Bear Creek Mining. During this time he was directly involved in the discovery of the world-class Santa Ana and Corani silver-lead-zinc deposits in Peru and was on the team that delivered the feasibility study on the Corani deposit. Mr. Rios also worked for Stellar Mining Peru as their Business Development and Geology Manager and played a key role in the discovery, development and operations of the Santa Rosa and Piedra Iman mines. In addition, Mr. Rios acts as a strategic advisor to BatteryOne Royalty Corp.