Gatling Drills 114.3 m of 0.8 g/t Au from Surface; 3rd Zone Delivers Strong Continuity at Larder's Fernland Deposit

VANCOUVER, BC / April 7, 2021 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQB:GATGF) (the "Company" or "Gatling) is pleased to announce additional gold mineralization with continuity from surface. Results include 114.3 m of 0.8 g/t Au starting at just 3.7 m below surface in hole GTR-21-097. This drillhole is located in Zone 3 of Fernland, 650 m East of Zone 1 and 300 m East of Zone 2 where recent drilling intersected 170.0 m of 1.5 g/t Au and 101.3 m of 1.1 g/t Au within 30 meters of surface. These results confirm the presence of widespread, near surface mineralization over an increasing area at Fernland - one of three gold deposits along an unbroken 4.5 km mineralized trend at Gatling's Larder gold project.
 
Jason Billan, President and CEO for Gatling, commented, "Fernland continues to deliver robust drill results over long intersections thus far in the program, which is consistent with our company's objective to develop the untapped open pit potential at Larder. We expect to release follow-up results at Zones 2 and 3 in the coming weeks at Fernland before shifting focus to the Bear deposit later next month."
Published: 07 April 2021
Written by Editor
TSX Venture   Mining   Drill Results  
Read more: Gatling Exploration ( GTR )

Skeena Announces 5.3 Moz at 4.3 g/t AuEq Measured and Indicated Resources at Eskay Creek

VANCOUVER, BC  / April 7, 2021 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE"), for the Eskay Creek gold-silver project ("Eskay Creek"), located in the Golden Triangle of British Columbia, which has been reviewed and validated by SRK Consulting (Canada) Inc ("SRK"). The 2021 MRE was derived from 7,583 historical surface and underground diamond drill holes totalling 651,332 metres, with an additional 751 surface diamond drill holes completed by Skeena between 2018-2021 totalling 104,740 metres. The effective date of this MRE is April 7, 2021 and an updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Reference images are presented at the end of this release as well as on the Company's website.
 
2021 Eskay Creek Resources
 
Table 1: Eskay Creek pit constrained resources reported at a 0.7 g/t AuEq cut-off grade and underground resources reported at 2.4 and 2.8 g/t AuEq cut-off grades for long-hole and drift and fill mining, respectively (UG = Underground).
Published: 07 April 2021
Written by Editor
Project Update  
Read more: Skeena Resources ( SKE )

Osisko Mining Delivers Positive PEA Update for Windfall

300,000 oz Au Average in First Seven Years of Full Production
39.3% After-Tax IRR and C$1.5 Billion After-Tax NPV at US$1,500/oz Au with 18 Year LOM
C$253 Million Average Annual After-Tax Free Cash Flow in First Seven Years of Full Production
 
TORONTO, April 07, 2021 -- Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide significant positive results from the independent Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") on its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
 
The PEA provides a robust base case assessment for developing the Windfall gold deposit as an underground dual ramp-access mine with a central processing mill at the site. The study includes drill results available as of November 30, 2020. Osisko is rapidly advancing surface and underground work at Windfall, with over 8.5 kilometres of underground exploration ramp, recently achieving 500 metres vertical depth (see Osisko news release dated March 25, 2021).
 
Highlights
 
First 7 years of full production: 300,000 oz Au per year average, 8.1 g/t Au average diluted grade
Peak recovery of 328,000 oz Au in year 6; average production over 18 year life of mine (“LOM”) of 238,000 oz Au per year (based on MRE database as of November 2020)*
Published: 07 April 2021
Written by Editor
TSX   Mining   Project Update  
Read more: Osisko Mining Inc ( OSK )

Dynacor 2020: Reports its 10th Consecutive Annual Profit, Including an Operating Income of $9.5 Million, an Increase of 14.4%, and an EBITDA Increase of 9.3% Compared to 2019

MONTREAL, March 31, 2021 -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) released its audited annual consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended December 31, 2020.

These documents have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.

(All figures in this press release are in Ms of US$ unless stated otherwise. All amounts per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).

2020 OVERVIEW AND HIGHLIGHTS

OVERVIEW

In an historical year marked by the Covid-19 pandemic and which continues to pose global challenges, Dynacor completed its fiscal 2020 recording its 10th consecutive profitable year with a net income of $4.3 million compared to $5.2 million in 2019 and with a 9.3% increase in EBITDA to $11.7 million, including $4.8 million in Q4-2020 ($2,2 million in Q4-2019).

Published: 31 March 2021
Written by Editor
TSX   Mining   Financial Results  
Read more: Dynacor Gold Mines Inc ( DNG )

Bonterra Expands Multiple Gold Mineralized Zones at Barry; Highlighted by 7.4 g/t over 14.7 metres, Including 20.6 g/t over 4.9 metres

Val-d'Or, Quebec--(March 31, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce an update on results from the ongoing drilling campaign at the Barry project. Recent drilling was designed to expand the Barry "H-Series" gold mineralized zones at depth (See Figures 1 and 2). The latest drilling results encompass 11 expansion diamond drill holes (4,794 metres ("m")), including six drill holes that were deepened to test for potential extensions of "H-Series" subparallel zones. Drilling was highlighted by a wide zone of mineralization in drill hole MB-21-340 that intercepted 7.4 grams-per-tonne gold ("g/t Au") over 14.7 m. The Company is currently drilling at a rate of approximately 10,000 m per month and plans a mineral resource estimate update for Q2/21 (the "2021 Resource Update"), which is expected to incorporate approximately 130,000 m of new drilling information, including results presented today. In addition, work on the the Preliminary Economic Assessment ("PEA") is ongoing and is expected to be completed in the fall of 2021 (See press release dated March 1, 2021).
 
Highlights:
 
7.4 g/t Au over 14.7 m and 1.4 g/t Au over 6.8 m in hole MB-21-340
3.8 g/t Au over 6.8 m and 2.1 g/t Au over 6.6 m in hole MB-21-339
3.5 g/t Au over 6.3 m in hole MB-20-255
3.9 g/t Au over 2.7 m in hole MB-20-278
Published: 31 March 2021
Written by Editor
TSX Venture   Drill Results  
Read more: Bonterra Resources Inc ( BTR )
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