GoldMining to Acquire Yarumalito Gold Project in Colombia

Also News Release (C-NRG) Newrange Gold Corp
 
Highlights:
 
Yarumalito acquisition will further expand GoldMining's portfolio of gold-copper projects in the Mid Cauca Belt of central Colombia;
 
Total consideration will be comprised of $1,200,000, payable in common shares, and $200,000, payable in cash;
 
The Mid Cauca Belt is host to several multi-million ounce gold deposits including Buritica (Continental Gold Inc.), Titiribi and La Mina (GoldMining), Nuevo Chaquiro (Anglogold Ashanti Limited – B2Gold Corp.) and Marmato (Gran Colombia Gold Corp.);
 
Yarumalito hosts both bulk-tonnage, gold-copper porphyry and high-grade, intermediate sulphidation epithermal systems with six geophysical and geochemical targets identified on the Project;
 
18,540 m of historic drilling (55 holes) completed on the Project, primarily focused on two targets; and
 
Upon closing, GoldMining intends to engage an independent qualified person to verify historic exploration results and undertake a resource estimate assuming sufficient sampling density, which will be documented in an updated technical report.
Read more: GoldMining Inc ( GOLD )

Auryn Samples High-Grade Silver and Gold over 4.5 km(2) at Curibaya

VANCOUVER, BC /  October 28, 2019 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce initial rock sampling results from the newly acquired Sambalay and Salvador concessions at the Company's 11,000 hectare Curibaya project located in the Tacna province in Southern Peru. High-grade mineralization was sampled throughout a 1.5 kilometer by 3 kilometer quartz - sericite - pyrite alteration system with more than 20 samples above 200 g/t silver and multiple results over 1,500 g/t silver and up to 7.67 g/t gold (Figures 1 & 2). The project is situated in a copper porphyry belt that hosts some of Peru's largest porphyry deposits, including Freeport McMoRan's Cerro Verde deposit, Southern Copper's Cuajone and Toquepala deposits and Anglo American's Quellaveco deposit.
 
A Message from Michael Henrichsen, C.O.O & Chief Geologist:
 
"The Curibaya project sits in the world-class Southern Peru copper porphyry belt and is adjacent to the Incapuquio fault zone that is a control on the copper porphyry and epithermal deposits in the region. The observed high-grade precious metal mineralization makes for a compelling intermediate sulphidation epithermal target in addition to the strong potential for porphyry and skarn mineralization at shallow depths.
 
"We look forward to rapidly advancing the project to drill-stage through geophysical surveys and continued mapping as well as receiving additional surface results."
Read more: Auryn Resources ( AUG )

Osisko Intersects High Grade in Three Lynx Zones

284 g/t Au Over 3.2 Metres in Lynx
30.8 g/t Au Over 11.9 Metres in Lynx Extension
8.77 g/t Au Over 10.1 metres in Triple Lynx
 
TORONTO, Oct. 21, 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 infill drilling and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Sixteen drills are active at Lynx and Triple Lynx, with another seven drills conducting infill and exploration drilling on other areas of the deposit.
 
Expansion drilling in Lynx Extension intersected 14.3 g/t Au over 5.9 metres in hole OSK-W-19-1992-W1, 200 meters down plunge from the nearest intersection, 33.4 g/t Au over 3.7 metres (see Osisko news release dated June 3, 2019) and 550 metres from the nearest resource wireframe.
Read more: Osisko Mining Inc ( OSK )

Auryn Stakes Additional Highly Prospective Claims at Sombrero and Provides Permitting Update

VANCOUVER, BC /  October 17, 2019 / Auryn Resources Inc. (TSX:AUG) (NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that it has staked 8,500 hectares of additional ground at the Sombrero North project area (Figure 1). The newly acquired claims, Macha Machay, contain the highest copper values in stream sediments observed through Auryn's regional exploration program, which screened approximately 7,000 square kilometers of land on the western extension of the world-class Andahuaylas-Yauri belt.
 
Macha Machay is characterized by highly elevated copper values in consecutive drainage basins over an area of approximately 12 kilometers by 6 kilometers (Figure 2). Both leachable (CN44) and ICP results demonstrate copper levels 1.5-3.5 times greater than those observed at the Sombrero Main, Nioc and Good Lucky intrusive clusters, which are all characterized by high-grade copper-gold surface mineralization (Figures 2 & 3). In addition, the leachable gold results at Macha Machay are similar in magnitude to those observed at the Sombrero Main and Nioc prospects (Figure 4). Together, the copper and gold results in stream sediments suggest the potential to discover significant copper-gold mineralization at or near surface.
Read more: Auryn Resources Inc ( AUG )

Asanko Gold Announces Q3 2019 Production Results

(All dollar amounts are United States dollars unless otherwise stated)
 
VANCOUVER, British Columbia, Oct. 17, 2019  -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to announce production results for the third quarter (“Q3”) 2019 from the Asanko Gold Mine (“AGM”), located in Ghana, West Africa. The AGM is a 50:50 joint venture (“JV”) with Gold Fields Ltd (JSE, NYSE: GFI) which is managed and operated by Asanko.
 
AGM Q3 Highlights (100% basis):
 
Record proceeds of $91.0 million generated from gold sales of 63,009 ounces at an average realized price of $1,443 per ounce
Record gold production of 62,440 ounces, on track to meet 2019 production guidance of 225,000 - 245,000 ounces
Mined 1.11 million tonnes (“Mt”) of ore, including 0.62Mt of ore from the Esaase pit
Processed record 1.44Mt of ore with an average gold grade of 1.4 grams per tonne (“g/t”)
Continued strong safety performance with no lost time or recordable injuries during the quarter
Read more: Asanko Gold Inc ( AKG )

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