Westhaven Drills 23.03 Metres of 37.24 G/T Gold and 209.52 G/T Silver, Including 1.12 Metres of 294 G/T Gold and 2,110 G/T Silver at the FMN Zone, Shovelnose Gold Property

VANCOUVER, British Columbia, April 06, 2022 -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce drill results from its ongoing drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.
 
Gareth Thomas, President & CEO, comments: "We are pleased to report the highest gold-silver intercept (857.64 gram-metres) ever drilled on the Shovelnose gold property, at the FMN Zone. Hole SN22-212 (23.03m of 37.24 g/t gold and 214.70 g/t silver) is over 2 kilometres from the heart of the South Zone resource. We now have multiple gold mineralized drill intercepts at the FMN zone over 500 metres of strike length that begin at bedrock surface in areas with minimal overburden. We believe the FMN zone has the potential to contribute significantly to the property wide precious metals inventory. It is not uncommon in enriched epithermal systems to discover multiple high-grade gold chutes and, given the strong nature of this system and low drill density in this area, we believe there is going to be more high-grade chutes discovered along this ~4-kilometre trend." Thomas goes on to add, "In addition to the drill currently located at the FMN Zone, a second drill has been added at the Alpine Zone focused on following-up on Hole SNR21-55, which intersected 3.13 metres of 45.23 g/t gold and 195.64 g/t silver. Recent drilling at the Alpine Zone has encountered similar geology to what was encountered in SNR21-55, including intervals containing marcasite, adularia and ginguro."
 
Westhaven is reporting assays for 22 holes from its ongoing drill campaign at Shovelnose.
Published: 06 April 2022
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TSX Venture   Mining   Drill Results  
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MAG Silver to Acquire Gatling Exploration in All-Share Acquisition

VANCOUVER, BC / March 11, 2022 / GATLING EXPLORATION INC. (TSXV:GTR, OTCQB:GATGF) (the "Company" or "Gatling) is pleased to announce that it has entered into an arrangement agreement dated March 10, 2022 (the "Arrangement Agreement") with MAG Silver Corp. (MAG: TSX / NYSE A) ("MAG" or "MAG Silver").
 
The Arrangement Agreement contemplates that MAG will acquire all of the issued and outstanding common shares of Gatling pursuant to a court-approved plan of arrangement (the "Transaction"). Pursuant to the Arrangement Agreement, shareholders of Gatling will receive 0.0170627 of one common share of MAG for each Gatling share by way of plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA"). This ratio reflects a premium of 49.1%, relative to the Company's last closing price on the TSX Venture Exchange ("TSXV") and a premium of 47.4%, relative to the Company's latest 5-day VWAP of $0.2708/sh.
 
Concurrent with the signing of the Arrangement Agreement and subject to TSXV approval, MAG has agreed to provide a bridge loan of up to $3,000,000 ("Bridge Loan") to Gatling, such Bridge Loan being evidenced by a promissory note and debenture, secured by a general security agreement. The loan will bear interest at a rate of 12% per annum and includes a conversion right whereby MAG may convert all or a portion of the outstanding principal amount and accrued interest into up to 19.9% of Gatling's issued and outstanding shares.
Published: 11 March 2022
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TSX Venture   Mining   M & A  
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Skeena Announces 21A West Zone Expansion Discovery at Eskay Creek Including 8.95 g/t AuEq over 34.00 metres

VANCOUVER, BC /  March 9, 2022 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") is pleased to announce final drilling results from the 2021 regional and near mine exploration programs at the Eskay Creek gold-silver Project ("Eskay Creek" or the "Project") in the Golden Triangle of British Columbia. Analytical results from the recently completed drill holes are detailed in this release. Reference images are presented at the end of this release as well as on the Company's website.
 
New 2021 Exploration Program Highlights:
 
1.29 g/t Au, 36 g/t Ag (1.76 g/t AuEq) over 14.50 m (SK-21-972)
0.79 g/t Au, 26 g/t Ag (1.14 g/t AuEq) over 21.11 m (SK-21-972)
1.77 g/t Au, 200 g/t Ag (4.44 g/t AuEq) over 11.73 m (SK-21-983)
0.78 g/t Au, 120 g/t Ag (2.39 g/t AuEq) over 11.50 m (SK-21-985)
8.78 g/t Au, 13 g/t Ag (8.95 g/t AuEq) over 34.00 m (SK-21-997)
Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths and zone geometries cannot be definitively determined at this time. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.
Published: 09 March 2022
Written by Editor
Drill Results  
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Benz Mining Announces Visible Gold Intersected at ~900m Vertical Eastmain Shaping up to Be a Large Gold System

HIGHLIGHTS
Mineralised Mine Horizon intercepted between 936.3m to 970.5m (downhole)
Visible gold observed at 942.6m (deepest drilling on Project to date)
Electromagnetics targeting allowed for wide +100m spaced step-outs drill holes
D Zone mineralisation has now been identified over 1,400m downdip / plunge starting near surface and extending to 885.0m vertical depth
Geological continuity of the Mine Horizon established over the whole 1,400m
Current intercept approximately 500m down dip of Benz's best intercept to date of 7.9m at 35.9g/t gold in the same mineralised horizon
Multiple mineralised horizons are present in the hanging wall with all drillholes intercepting shallower mineralisation underlined by multiple levels of EM conductors
Assays for 62 holes completed in 2021 still pending screen fire assays of mineralised zones, 16 with observed visible gold

Toronto, Ontario--(February 16, 2022) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the Company or Benz) is pleased to announce that drillhole EM21-228, completed earlier on in the drilling season, intercepted the Mine Horizon at D Zone at a depth of 885.0m below surface (vertical depth). The horizon is gold bearing as 21 small (sub-millimetric) specs of visible gold have been identified by the logging geologists at 942.6m depth (core).
Published: 16 February 2022
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TSX Venture   Mining   Drill Results  
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Benchmark Drills 13 Metres of 23.72 g/t Gold and 212.84 g/t Silver Within a Broader Zone of 101.60 Metres of 4.68 g/t Gold and 89.89 g/t Silver or 5.80 g/t Gold Equivalent from Surface at the AGB Deposit

Edmonton, Alberta--(February 14, 2022) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") - is pleased to announce new results from 3 multi-purpose drill holes at the AGB Deposit including 101.60 metres (m) of 4.68 grams per tonne (g/t) gold and 89.89 g/t silver or 5.80 g/t gold equivalent (AuEq*) with 13.00 m of 23.72 g/t gold and 212.84 g/t silver or 26.38 g/t AuEq in drill hole 21AGBDD040 (Figure 1). In addition to testing the near-surface continuity of mineralization, drill holes 21AGBDD054 and 21AGBDD055 were designed to evaluate the geotechnical properties of the rock mass as well as hydrogeological regime of the pit area. These cost-effective multi-purpose drill holes were successful in continuing to delineate high-grade continuity of near-surface mineralization at the southernmost extent of the AGB zone (Figure 2) while also providing the geotechnical and hydrogeological data necessary to design the overall pit slope for future engineering studies. Benchmark's flagship Lawyers Gold-Silver Project is located within a road-accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.
 
 
John Williamson, CEO, commented, "The 2021 drill program has intersected near-surface high-grade mineralization within the pit shells modeled in 2021 and could potentially add significant resources in the near-term Mineral Resource update. As these results continue to expand the limits of the mineralization, further drilling in 2022 will continue to expand resource potential in all directions."
Published: 14 February 2022
Written by Editor
TSX Venture   Drill Results  
Read more: Benchmark Metals ( BNCH )
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