Skeena Resources Limited ( SKE )

Skeena Intersects 19.73 g/t AuEq over 17.00 m in HW Zone at Eskay Creek

VANCOUVER, BC -  November 21, 2019 / Skeena Resources Limited (TSX.V:SKE) (OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce additional gold-silver drill results from the ongoing Phase I surface drilling program at the Eskay Creek Project ("Eskay Creek") located in the Golden Triangle of British Columbia. Three surface drill rigs are being used for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of Inferred resources to the Indicated classification. Drill hole results reported in this release are from the 21A, 21E and HW Zones and the new Lower Mudstone horizon. Reference images are presented at the end of this release as well as on the Company's website.
 
Phase I Eskay Creek Drilling Highlights
 
9.14 g/t Au, 348 g/t Ag (13.78 g/t AuEq) over 9.80 metres (SK-19-070)
Including: 21.40 g/t Au, 706 g/t Ag (30.81 g/t AuEq) over 0.50 metres
6.12 g/t Au, 72 g/t Ag (7.08 g/t AuEq) over 15.81 metres (SK-19-099)
Including: 36.90 g/t Au, 34 g/t Ag (37.35 g/t AuEq) over 1.50 metres
9.91 g/t Au, 737 g/t Ag (19.73 g/t AuEq) over 17.00 metres (SK-19-139)
Including: 171.50 g/t Au, 12,320 g/t Ag (335.77 g/t AuEq) over 0.83 metres
Category: Silver / Gold
Published: 21 November 2019
Written by Editor
Mining   Drill Results   TSXV  
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Dynacor Gold Mines Inc ( DNG )

Dynacor Announces 50% Increase to Its Quarterly Dividend

MONTREAL, Nov. 20, 2019  -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that its Board of Directors approved an increase in the Corporation’s quarterly dividend payment to CA $0.015 (annual CA $0.06 per share), a 50% increase.
 
Today’s announcement marks the first increase in the Corporation’s dividend history, which was launched on October 1, 2018. The decision to increase reflects management’s and the Board’s continued confidence in Dynacor’s select business model, which has proven over the years to deliver consistent earnings and free cash flow. With management’s new optimization strategy in operations steadily improving cost efficiencies, an increase in gold production and a stable or increasing gold price, the year 2020 should see Dynacor improving on its operating cashflows.           
 
Dynacor has reported profits for 34 consecutive quarters. The Corporation will continue to evaluate its dividend policy as it increases free cash flow and cash balances with the potential for further increases to its dividend. Since launching the first dividend on October 1, 2018, the Corporation has paid to shareholders five cash instalments amounting to CA $0.05 per common share.
Category: Silver / Gold
Published: 21 November 2019
Written by Editor
TSX   Mining   Up on News  
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First Mining Gold Corp ( FF )

First Mining Intersects 7.27 g/t Gold over 14.0 Metres at the Goldlund Property

Drill Program at Miller Expanded to 32 holes due to Success in Delineating Mineralization;
Additional Drilling Planned at the Goldlund Main Zone to Further Define Existing Resource Area
 
VANCOUVER, BC /  November 19, 2019 / First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce an expanded drill program at Goldlund, as well as additional assay results from the drilling completed to date at the Miller prospect ("Miller"). Miller forms part of the Company's wholly-owned Goldlund property ("Goldlund") in Ontario, Canada and is located 10 kilometres northeast and along strike of the current resource area at Goldlund.
 
Latest highlights from holes drilled at Miller include:
 
Hole MI-19-017 intersected 0.88 grams per tonne gold ("g/t Au") over 169.0 metres ("m")
Including 3.42 g/t Au over 37.0 m and 7.27 g/t Au over 14.0 m; and
Including 65.97 g/t Au over 1.0 m
 
Hole MI-19-018 intersected 0.86 g/t Au over 123.0 m
Including 2.08 g/t Au over 34.0 m and 23.96 g/t Au over 1.0 m
Category: Silver / Gold
Published: 19 November 2019
Written by Editor
TSX   Mining   Drill Results  
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Osisko Metals Incorporated ( OM )

Osisko Metals to Begin Drilling Gravity Targets at Pine Point and Provides Corporate Update

MONTREAL, Nov. 18, 2019 -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce that drilling will begin to targeting sixty (60) initial prismatic-style targets have been chosen based on processing and analyses of the 2019 airborne gravity gradiometry (“AGG”) survey data in conjunction with LiDAR features and newly-interpreted structural controls on mineralization.
 
These targets are specifically identified on criteria that are indicative of prismatic mineralization based on responses over known, in-situ, high grade prismatic deposits as measured by ground-based gravity surveys used as a control for the AGG system. The targets are distributed both within, and between, mineralized trends with many occurring in very sparsely drilled areas within the East Mill, Central and North Zone.
 
Jeff Hussey, President & CEO of Osisko Metals, commented: “During the work leading up to the release of our 2019 MRE (see press release dated November 13, 2019) outlining 52.4Mt grading 6.47% ZnEq, we completed the first part of our interpretation of the airborne gravity gradiometry survey. The start of this phase of the exploration campaign marks an exciting time for Osisko Metals as we leverage tools never available to previous operators to potentially make new discoveries.”
Category: Base Metals
Published: 19 November 2019
Written by Editor
Mining   Project Update   TSXV  
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Dynacor Gold Mines Inc ( DNG )

Q3-2019: Dynacor Processes Record Volumes and Triples its Net Earnings

MONTREAL, Nov. 15, 2019  -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation), reports its financial results for its third quarter ended September 30, 2019.
 
The unaudited condensed consolidated financial statements and the management's discussion and analysis (MD&A) for the three-month and nine-month periods ended September 30, 2019, 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 millions of US$ unless stated otherwise. Earnings per share and cash flow per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).
 
For the three-month period ended September 30, 2019, Dynacor processed quarterly record volumes and completed its thirty fourth (34th) consecutive quarter of profits tripling its net income to $2.3 M ($0.06 per share), compared to $0.7 M ($0.02 per share) for the same period of 2018.
Category: Silver / Gold
Published: 19 November 2019
Written by Editor
TSX   Mining   Financial Results   Up on News  
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