VANCOUVER, BC / ACCESSWIRE / May 31st, 2022 / Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has received lab results from its phase one, three of 15-hole drill program and as a result of its analysis has staked additional ground based on its geologic model of the target lithium deposit.
"The Victory exploration team has advanced the Smokey Lithium property substantially through the analysis of lab results, and upon those strong results through the additional staking which was conducted for competitive reasons to protect the Company's interests," said Mr. Mark Ireton, Victory President, and CEO. "The Company's exploration team has advanced this property based on its theory that a significant lithium deposit is buried at depth along the adjacent Jindalee boundary margins nearest to the fault line. We want our shareholders to understand that of the three holes, one had impressive lithium values, and the other two provided important information as to the potential location and boundaries of a Li deposit. In total, the drill results from all three holes guided the additional staking so that the Company can continue to define what it believes is a significant lithium deposit buried at depth."
Phase One Drill Program Results and Analysis Highlights
Overview
Victory executed an initial program of three drill holes with the goal aimed at locating lithium-bearing clays, similar to what has been discovered at surface by Jindalee, the neighboring property.
A northeast/southwest oriented fault becomes obscure on either end as it trends into Victory's property. Victory's exploration team theorizes that an extension of the lithium bearing clays, identified by Jindalee, would likely exist under the Victory property.
Summary
Victory's Phase One drilling program produced favorable results. This initial drill program was designed to look at a wider area of the property, measure the normal fault's displacement, and prove lithium deposits in the subsurface.
Three holes were completed as previously announced: Holes 05, 09, and 15.
Table 1.
Hole 09 Lithium Mineralization
Interval
Length (ft)
Interval
Length (m)
Lithium avg value (ppm)
From (ft)
To (ft)
From (m)
To (m)
325
417
92
99
127
28
640
373
409
36
114
125
11
857*
*As noted above the narrower, higher-grade intercept, is included in the longer interval.
About Smokey Lithium, Nevada
Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium's flagship lithium project. Smokey Lithium is located northwest of Cypress' Clayton Valley Lithium Project and to the southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee).
The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
Victory Resources Corporation (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Resources Corporation
News Provided by ACCESSWIRE via QuoteMedia
Victory Resources (CSE:VR) is an international mining company working to grow a portfolio of gold, silver and precious metals opportunities. The company is currently developing a pair of projects located in safe and stable mining jurisdictions in Canada, including its flagship Hammond Reef South project located in Ontario. As part of its acquisition strategy, Victory Resources is focused on identifying and acquiring projects that are conducive to mining and benefit from both existing infrastructure and government support. Both the company’s flagship Hammond Reef South project and its Mal-Wen gold project also offer the potential for year-round exploration and development.
Total Shares Outstanding: =
Total Reserve: 61,847,132
The Hammond Reef South project adjoins Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) Hammond Reef property and is located only three kilometers south of the Hammond Reef Deposit, a large and low-grade gold deposit that hosts open-pit measured and indicated mineral resources estimated at 208 million tonnes grading 0.67 g/t gold. Victory Resources believes there is the possibility that Hammond Reef South could contain extensions of the Hammond Reef zone or similar structures. The company has begun a 2020 exploration program at Hammond Reef South that is expected to include prospecting and mapping of anomalous trends previously identified by Osisko Mining (TSX:OSK). The data from this exploration program is expected to help define further drill targets.
In addition to Victory Resources’ Hammond Reef South project, the company is also working to explore its Mal-Wen project, located in South-central British Columbia. The Mal-Wen project comprises six land claims totaling 1,143.58 hectares that have shown various types of mineralization, including copper-gold veins, copper skarn, stockwork mineralization and hydrothermal breccias.
Victory Resources has targeted projects in both British Columbia and Ontario due to the provinces’ friendly mining policies and the potential to conduct exploration year-round. According to the Fraser Institute’s 2019 Survey of Mining Companies, Ontario ranked as the 16th best jurisdiction in the world when it comes to investment attractiveness, while British Columbia was recognized as the 19th most favorable jurisdiction. Moving forward, Victory Resources intends to pursue strategic acquisitions that fit this profile, specifically those that allow for year-round exploration and development.
Victory Resources acquired the Hammond Reef South property in August 2020 via an option agreement, giving the company complete control of the project. Under the terms of the agreement, Abitibi Royalties has retained a 2 percent net smelter royalty on the project, with the expectation that Victory Resources makes cash payments totaling C$275,000 and spends C$550,000 in exploration during the first three years of ownership.
The Hammond Reef South property is located in Northwestern Ontario and adjoins Agnico Eagle’s Hammond Reef project, which contains an open-pit measured and indicated mineral resource of 208 million tonnes grading 0.67 g/t gold with an open-pit inferred mineral resource of 0.5 million tonnes grading 0.74 g/t gold. Hammond Reef South is situated in the Wabigoon subprovince of the Superior Province of the Canadian Shield.
In August 2020, Victory Resources announced an exploration program to be conducted at Hammond Reef South that will include an extensive soil survey, mapping and magnetometer surveys. The company hopes to put this information towards a drill program in 2020, pending the appropriate permits. Victory Resources has engaged Clark Exploration of Thunder Bay to complete the proposed work program.
Victory Resources began the first phase of exploration at Hammond Reef South in September 2020. The company intends to continue prospecting and mapping along anomalous trends that have previously been identified by Osisko Mining. Moving forward, Victory Resources and its exploration team are focused on defining a gold trend at Hammond Reef South similar to Agnico Eagle’s Hammond Reef project, which adjoins Hammond Reef South.
Victory Resources’ flagship Mal-Wen property comprises six land claims that are wholly owned by Victory Resources. The land claims cover approximately 1,143.58 hectares in South-central British Columbia, located approximately 30 kilometers southeast of Merritt. The property can be accessed via road by taking highway 97C southeast to the Loon Lake Road Exit, which connects to the logging road network and the property.
Victory Resources has established an exploration target at Mal-Wen that is an alkalic porphyry with similar age and mineralization as the Afton and Copper Mountain deposits, which are located nearby. Like Afton and Copper Mountain, Mal-Wen occurs within the Nicole Group of rocks and is found along the same trend.
Victory Resources believes alkalic porphyry deposits such as that found at Mal-Wen have significant potential for a number of reasons, including their ability to form larger copper deposits compatible with open-pit mining. These deposits have also been found to be rich in gold relative to calc-alkalic porphyry deposits and are often lower in sulfides.
Copper mineralization has been found across the Mal-Wen property, including the HN-Wen, Mal, Malachite7 and Echo showings. Various types of mineralization have been identified on the Mal-Wen property including copper-gold veins, copper skarn, stockwork mineralization, hydrothermal breccias and possible propylitic and localized potassium alternations. A total of six drill programs and a number of geochemical and geophysical surveys have been conducted at Mal-Wen, targeting the various styles of copper-gold mineralization. The Wen Prospect vein, a chalcopyrite-bearing quartz vein with erratic, locally high gold values, returned up to 16.6 g/t gold.
Moving forward, Victory Resources is focused on the under-explored areas between the Mal and Wen deposits while also working to assess the possibility of extending the northern boundary of the Wen Zone.
Mr. David Lane has over 35 years of experience as a startup specialist with a keen eye for strategic direction and raising capital. Mr. Lane has ample experience in senior management positions across multiple industries including oil and gas, major sports, financial services and health pharmaceutical. His roles have included, but were not limited to, Management, Ownership, Operations, Marketing and Corporate Finance positions within both the public and private sectors. Mr. Lane is currently President and CEO of Victory Resources. Before that, he was President and CEO of Quikflo Health Inc., which eventually became Friday Night Inc. and then 1933 Industries Inc., in the medicinal marijuana sector. Prior to Quikflo, Mr. Lane was President and CEO of M-Pharmaceutical, which focused on a biomedical device for the self-monitoring of glucose levels as it related to diabetes.
Glen Harder is the principal of Harder & Company, a Vancouver-based, boutique venture capital, corporate finance and securities law firm. He advises local and international clients on information technology, biotechnology, mining, the emerging cannabis industry, virtual currency, public and private capital raising and other matters. He advises clients on SaaS, PaaS, IaaS contracts and applications, assists with the formation and evaluation of Cloud Service Agreement models and assists clients in minimizing related contractual disputes. He also acts as a director, officer and special committee member of assorted publicly traded and private companies.
Allan Levien has been the owner and operator of full-service hotels since 1980. From 2006 to 2015 he served as the President, CFO and Director of Supreme Resources. Levien currently operates as a Director at Victory Resources.
Presently, Tatiana Kovaleva is Chief Financial Officer at Glenbriar Technologies, Inc., Chief Financial Officer for Codebase Ventures, Inc., and Chief Financial Officer of Victory Resources Corp. Kovaleva previously served as Chief Financial Officer at The Supreme Cannabis Co. Inc., Chief Financial Officer at Callitas Health Inc. and Treasurer for Park Place Energy Corp.
David Deering, B.Sc. Mining Engineering—VP Exploration and Director
Mr. Deering achieved his B.Sc. degree in Mining Engineering – Colorado School of Mines, Golden, Colorado) and has had extensive management experience in the mineral exploration industry strategic planning, budgeting, logistics and technical evaluation. Independent consultant for mine development: property acquisition, geology, evaluation of mineral deposits, mining, metallurgy and environmental assessment.
Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's has acquired 100% interest in the Georgia Lake Lithium Project in the Thunder Bay District, Ontario
"Noting the growing global demand for Lithium, and other batter metals, Victory's exploration team has been actively looking for an Ontario based Lithium property within proven Lithium regions," said Mr. Mark Ireton, Victory Resources President and CEO. "Georgia Lake Lithium represents such a property, and with the renewed focus from the Government of Ontario, the development of infrastructure is being supported in this prolific Lithium region, allowing us to realize the full potential of any commercially viable deposits within the project."
Georgia Lake Project Highlights
Cash and Equity Terms of the Transaction include:
The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
Victory Resources Corporation (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE:Victory Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Victory Resources Corporation (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's has acquired 100% interest in the Saguenay Nickel Project in Quebec, a property with historic Nickel and Copper grab sample and drilling results
"We are excited to add this property to the Victory portfolio, noting that our team has analyzed the historical grab sample and drill results, along with the overall Saguenay Gneiss Complex, and are very encouraged about the prospects for this acquisition," said Mr. Mark Ireton, Victory Resources President and CEO.
The claims are located approximately 10 km to the south of the town of Saguenay. The property is made up of 5 claims totalling 286.32 ha. It is underlain by mafic to ultramafic rocks enclosed in the Saguenay gneissic complex. A historic grab sample returned up to 3.41% Ni, 1.14% Cu, 1.2 ppm Ag and 0.13% Co. In 1959, 4 out of 7 holes drilled, on Victory Resources ground intersected gabbroic and peridotite rocks, hole number 4 returned 4 feet of 1.06% Nickel, and 0.21% copper, hole # 3intersected 10 feet averaging 0.49% Nickel and 0.03% copper, hole # 2 intersected 13 feet averaging 0.22% Nickel and 0.04% copper, and a fourth hole, the number 1 intersected 12 feet averaging 0.23% nickel and 0.06% copper and 3 feet averaging 0.38% nickel and 0.11% copper.
The four holes were drilled northwards to the outcrop area, with hole 4 intersecting zone as mapped in the historical report GM 08808.
The Saguenay Gneiss Complex has abundant mafic and ultramafic rocks and anorthosites, which are commonly associated with Ni-Cu-PGE sulfide deposits (e.g., Voisey's Bay, Labrador; Thompson, Manitoba). The presence of ore grade Ni-Cu samples at surface and in drill core on this property, and the absence of modern exploration is highly encouraging. A work plan for the 2022 field season will focus on detailed geological mapping, bedrock and till sampling across the property, to determine the scope of advanced exploration, and a potential drill program.
Terms of the Agreement for 100% are $10,000 and 2.5 million common shares payable on Regulatory and Exchange approval.
Donald Théberge, P.Eng., M.B.A., an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
Victory Resources Corporation (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE:Victory Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has completed its drilling program on the Company's Smokey Lithium Property in Nevada
As previously noted, the Company's initial 3 of 15-hole drilling exploration aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone, in order to discover the grade and thickness of an intercept.
As no drilling has occurred prior to this program on Smokey Lithium, is it important to sample each hole extensively until basic geochemical data has been acquired.
Drill Program Approach and Initial Highlights
Overview:
Victory executed an initial program of 3 drill holes with the goal aimed at locating lithium bearing clays, similar to what has been discovered at surface by Jindalee, the neighboring property.
A northeast/southwest oriented fault becomes obscure on either end as it trends into Victory's property. Victory's exploration team theorizes that an extension of the lithium bearing clays, identified by Jindalee, would likely exist under the Victory property. However, pending lab results, it is unknown as to the depths required to intercept this possible lithium enriched clay unit.
The target of the drilling is the regionally mineralized Esmeralda formation sediments which underlie the property. These sediments are composed of a complex suite of lithologies ranging from sandstones, conglomerates, claystones and volcanic ash rich units. Faulting has occurred displacing these sedimentary units and later variably filled with quaternary alluvial materials, namely sands and gravels. The contact between silty, sandy gravel units which are overburden and those belonging to the underlying Esmeralda Formation is not easily seen in the core, further detailed logging is planned once lithium assays have been received.
The results given in the initial 3-hole program yielded variably results and are summarized below:
Summary:
The goal was to identify lithium bearing, Esmeralda clays within an obscure, alluvial covered surface. Further, adding to the complexity of the task is faulting with unknown displacement. The first 3 holes essentially provides the team with a look into the subsurface. It has been learned that the overburden is relatively superficial cover but is variable in thickness.
Below the recent age cover gravels, thick sections of Esmeralda Formation have been intercepted. The Esmeralda stratigraphy logged from the drill core displays sedimentary units including well developed claystones, mudstones and clay, silt and sand matrix conglomerates.
Further drilling will be required to properly map the subsurface geology of the Esmeralda Formation lithologic package. In particular Victory is focused on mapping the near surface distribution of well mineralized Esmeralda claystones previously identified on the neighboring Jindalee property.
The Company's exploration team is very optimistic, primarily given the logged geologic results of the SL-21-05 drill hole. It demonstrated a thick sequence of claystone/siltstone with minimal overburden. More data is required to address questions as a result of the drilling and observations of the exploration team. Questions include defining the strike and dip orientation of the target, regionally lithium mineralized Esmeralda age section which underlies the property. This will allow for construction of an early-stage geologic model and help guide targets for additional drill programs.
Upon receiving the results of the first drilling phase, the Company remains positioned to carry out additional drilling if the lab data warrants it.
A total of 151 samples have been submitted to ALS for assay work. 4-foot sample intervals were used within the Esmeralda intersections. Further, QA/QC protocols were put into place whereas standards and blanks were inserted randomly within the sample chain, 1 per each 10 samples. ALS Lab results are anticipated to be received in the next couple weeks.
About Smokey Lithium, Nevada
Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium's flagship lithium project. Smokey Lithium is located northwest of Cypress' Clayton Valley Lithium Project and to the southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee).
The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
Victory Resources Corporation (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has advanced its drilling program on the Company's Smokey Lithium Property in Nevada, where its exploration team has identified drill targets that will determine whether a relationship exists to the high Li zone on the adjacent Jindalee property
As previously noted, the Company's initial 3 of 15-hole drilling exploration aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone, in order to discover the grade and thickness of an intercept.
Progress to date indicates significant potential lithium-bearing claystone in the first of three holes drilled, based on visual assessment from the exploration team, with samples now being prepared and sent to ALS for assay.
As no drilling has occurred prior to this program on Smokey Lithium it isimportant to sample each hole extensively until basic geochemical data has been acquired.
Highlights from Initial Hole
"Results from the first hole have guided decision making on the second and third hole locations, and the Company will provide progress on the overall drilling program as we progress," said Mr. Mark Ireton, Victory President and CEO. "Preliminary indications, upon visual analysis, are encouraging in terms of the clay intersects and information our geo team is analyzing toward the proof of theory around the potential deposit at Smokey Lithium."
About Smokey Lithium, Nevada
Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, to the west of American Lithium's flagship lithium project. Smokey Lithium is located northwest of Cypress' Clayton Valley Lithium Project and to the southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee).
The technical information contained in this news release has been reviewed and approved by Bob Marvin (PGeo), who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
Victory Resources Corporation (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has begun its drilling program on the Company's Smokey Lithium Property in Nevada, where its exploration team has identified drill targets that will determine whether a relationship exists between the Smokey Lithium Property and the high grade Lithium zone on the adjacent Jindalee property
"The Company's initial 3 holes of its 15-hole drilling exploration program aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line. The program is designed to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone," said Mr. Mark Ireton, Victory President and CEO. "The remaining 12 permitted holes will be utilized for locating extensions of the clay mineralization, test depths of clays and overburden and ultimately provide data for purposes of resource modelling and follow up drilling."
Smokey Lithium Drilling Progress Highlights
About Smokey Lithium, Nevada
Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles (32 km) north of Clayton Valley. Smokey Lithium is located 16 miles (25) km northwest of Cypress' Clayton Valley Lithium Project and 22 miles (35 km) southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County, Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee).
The Smokey Lithium property is located 22 miles (35 km) west of Tonopah, Nevada on the western margin of the Basin and Range province. The property's geology consists of Miocene – Pliocene tuff deposits, claystones, and siliciclastic beds (Esmeralda Formation) with overlying younger alluvium deposits and desert pavement. The claystone, which can carry high lithium concentrations, is observed at surface as highly weathered light grey to tan mounds of unconsolidated clay from 0.10 – 1.50 meters thick. The flat lying nature of the claystones, together with the frequent occurrence of transported cover requires drilling to fully validate and assess Smokey Lithium's the potential as indicated by surface sampling.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: IR@victoryresourcescorp.com
About Victory Resources Corporation
Victory Resources Corporation (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The Company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Resources Corp.
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May 31, 2022 TheNewswire – CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; (CNSX:CXC.CN); ( OTC:CXXMF ) ("CMX" or the "Company") announces that it has signed an agreement with Sulphide Remediation Inc. ("SRI") ( https:www.sulphide-remediation.com ), an affiliate of ABH Engineering Inc. of Surrey, B.C., a firm specializing in mineral processing ( https:www.abhengineeringinc.com ). SRI utilizes precision ore sorting technology to high-grade mine stockpiles of unprocessed rock to enhance the grade of material delivered to a toll mill. Dual Energy X-Ray Transmission technologies differentiate between rocks based on small fluctuations in density profiles and are effective at removing sulphides and concentrating valuable metals. The sorted rock can be treated at existing millssmelters where valuable metals will be extracted and sulphides will be safely handled. SRI has some of the world's leading experts in crushing, screening and ore sorting.
Pursuant to the agreement with CMX, SRI will take samples from the Clayton stockpile with no upfront cost to CMX. The samples will be shipped to a laboratory for analysis and process testing. The testing program will inform SRI as to the best ore sorting process for the Company's stockpile. Jan Alston, President & CEO of CMX commented: "Ever since we completed an evaluation program of the Clayton Silver Mine stockpile in 2014/15, the results suggested there should be significant value realized from processing the material. Higher metals prices today add even more value to the aboveground material. We simply needed to find the right partner with the best technology for this opportunity."
CMX's historic Clayton Silver Mine stockpile is estimated to contain greater than 500,000 tonnes of metal-bearing rock. In the 2014 evaluation program, over 3,000 kilograms of sample material were collected from test locations selected to ensure representative results. Analysis of the samples confirmed the presence of gold in each sample. In particular, assays confirmed gold values up to 2.84 gm/t with an average of 0.80 gm/t for the 16 locations comprised of the initial suite of samples. Statistical averages of the 16 locations of the mine stockpile sampling program were: gold – 0.80 gms/t; silver – 24.31 gms/t; lead – 0.44%; zinc – 0.27%.
Subject to positive results from analysis of the samples taken from the stockpile and confirmation of suitability of the material for the ore sorting process, SRI at its cost will construct and deliver an optimal ore sorting system to the Clayton Mine site. The system will be capable of processing from 3,000 tonnes to 4,000 tonnes per day. SRI will manage all aspects of the stockpile processing program. After deducting operating expenses from the revenue received for the processed stockpile material from the toll mill or smelter, the net profits will be shared 50:50 between CMX and SRI. Mr. Alston stated: "Positive results will position CMX to generate cash flow in 2023."
About the Clayton Silver Project
CMX's 100%-owned Clayton Silver Property is located in the mining-friendly State of Idaho, USA. The property comprises approximately 684 acres in Custer County in south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and is comprised of approximately 19,690 feet of underground development. Two major ore bodies were partially mined: the "South Ore Body" and the "North Ore Body".
The recorded production from the Clayton Mine included 7,031,110 oz silver, 86,771,527 lbs lead, 28,172,211 lbs zinc, 1,664,177 lbs copper, and minor amounts of gold from an estimated 2,145,652 tonnes of ore mined between 1934 and 1985. Very little exploration has been carried out previously on the Clayton Silver Property. Significant potential is demonstrated in hole 1501-A, drilled in the mid-1960's, which penetrated the mineralized zone at 1,425 feet. At that depth, the hole intercepted 22 feet of 4.07 oz Ag/t, 5.75% lead and 5.37% zinc (note: true width is unknown).
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For further information contact:
Jan M. Alston, President & C.E.O. at (403) 457-2697 janalston@cmxgoldandsilver.com ;
Robert d'Artois at (604) 329-0845 bobdartois@cmxgoldandsilver.com .
You can also visit the Company's Website : www.cmxgoldandsilver.com
WARNING : the Company relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the operations of the Company, changes to securities regulation requirements, other changes in laws or regulations, unanticipated risks of the COVID-19 pandemic crisis, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
Copyright (c) 2022 TheNewswire – All rights reserved.
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HIGHLIGHTS
Discussions with multiple global metal traders and smelters have commenced regarding future offtake for the zinc and copper concentrates to be produced at the Superior Lake Project
Forecasted annual production of 69,819t of Zn and 5,308t of Cu concentrate per annum.
Both the zinc and copper concentrates are of a high quality with favorable grades and minimal deleterious elements (Table 1 and Table 2)
The Project has established transportation routes to North American and international smelters, giving the Project its unique location 30km from an operating rail terminal (Image 1)
The market outlook for zinc is strong, due to declining production from existing primary zinc mines, and increased forecasts on long-term demand driven by decarbonization
May 31, 2022 – TheNewswire – Metallum Resources Inc. (TSXV:MZN) ( "Metallum" or the "Company") is pleased to announce the commencement of discussions with multiple global metal traders regarding future offtake from the Company's Superior Lake Zinc and Copper Project ("Project") in Ontario, Canada.
Preliminary discussions with a number of these groups have indicated a willingness to have offtake linked to additional funding solutions. An offtake related financing is typically in the form of mezzanine debt or concentrate pre-payments. 
Click Image To View Full Size
Image 1: Location of Zinc smelter in north America and transportation routes
The concentrate produced at Superior Lake can access smelters using existing rail and road infrastructure to North American smelters as well as smelters in Asia, using the Vancouver port. The Thunder Bay port, which is located 214km from the mine gate, will provide access to smelters in Europe. The Project's unique location and access to the Canadian rail and highway network will provide access to Canadian port systems, both East and West coasts, allowing easy access to major smelters around the globe.
Both the Zinc and Copper concentrates are well understood given the Project successfully operated for a decade before closing in 1998 due to sustained low zinc prices. This historical production as well as additional metallurgical test work carried out by SGS Lakefield in Canada (Superior Zinc and Copper Project Feasibility Study N.I. 43-101 compatible, DRA – October 2021), provides detailed information and certainty to these groups. Detailed information regarding the concentrate grades and quality can be found in Table 1 below.
Table 1: Historical Winston Lake Detailed Zinc Concentrate Specifications
Element
% (LOM Average)
Zn
54
Cu
0.6
Fe
11
Pb
0.01
S
32
Si0 2
0.5
Element
ppm (LOM Average)
Ag
40
As
Al 2 O 3
6500
Au
0.4
BaO
100
Bi
80
CaO
490
Cd
1,300
Cl
150
Cr
80
Co
100
F
300
Ge
20
Hg
5
In
330
MgO
1,900
Mn
1,500
Mo
Ni
25
Sb
20
Se
310
Sn
180
Te
1
Table 1: Historical Winston Lake Detailed Copper Concentrate Specifications
Element
Forecast LOM Average
Cu
24
Zn
7.5
Fe
29
Pb
0.07
S
35
Si0 2
1.1
Element
ppm (LOM Average)
Ag
344
As
110
Al 2 O 3
1,300
Au
12.9
BaO
270
Bi
230
CaO
570
Cd
180
Cl
70
Cr
100
Co
190
F
50
Ge
20
Hg
3
In
110
MgO
3,700
Mn
240
Mo
Ni
80
Sb
50
Se
300
Sn
170
Te
5
Qualified Person
The news release has been reviewed and approved by Andrew Tims, P.Geo., Exploration Manager of the Company, and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 604-688-5288; Fax: 604-682-1514
Email: info@metallumzinc.com
Website: metallumzinc.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the estimated economics of the Project, potential offtake related financing, and the Company's development plans for the Project. Often, but not always, these forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the uncertainties inherent in the estimated economics of the Project, and whether the Company will arrange any offtake related financing; whether exploration and development of the Company's properties will proceed as planned; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; risks associated with COVID-19 including adverse impacts on the world economy, exploration and development efforts and the availability of personnel; and such other risks detailed from time to time in the Company's quarterly and annual filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: the accuracy of the estimated economics of the Project; that the Company will arrange offtake related financing; that the Company's stated goals and planned exploration and development activities will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
ABOUT Metallum Resources
Metallum Resources (MZN.TSXV ) owns 100% of the Superior Lake Zinc and Copper Project in Ontario, Canada. The Project ranks as the highest-grade zinc project in North America with a resource of 2.35 Mt at 17.9% Zn, 0.9% Cu, 0.4 g/t Au and 34 g/t Ag.
The Company completed a positive Feasibility Study that highlights the Project will rank in the lowest quartile of operating costs (C1 costs – C$0.44 / lb; AISC C$0.51 / lb). These low costs driven by the high grade of the Project drive robust economic returns. The majority of permits and licenses are in place allowing for a quick re-development following a Final investment Decision.
For further details about the Company and the Superior Project, please visit the Company's website at metallumzinc.com . 
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Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce that environmental baseline studies have commenced at the Kenbridge Nickel Project, Kenora Mining District, Northwestern Ontario.
Tartisan has retained Knight Piesold Consulting ("KP") and Blue Heron Environmental ("BH") to carry out these time sensitive studies. Spring 2022 environmental baseline studies are critical to the advancement of the Project and the permitting and approvals process for the Kenbridge Nickel Project.
Tartisan Nickel Corp. CEO Mark Appleby commented, "Commencement of Baseline Studies is an important next step in the advancement of the Kenbridge Nickel Project. The Company is now reviewing all necessary steps in the permitting and approval process and we look forward to additionally updating shareholders on our proposed summer work program in the coming weeks".
The Kenbridge Nickel Project is located via the Trans-Canada Highway, 10.2 km from the township of Sioux Narrows. The Kenbridge Nickel Project has a Mineral Resource Estimate (SEDAR: June 1, 2021), a 622-meter three compartment shaft with two underground level workstations and has never been mined. As previously announced, Tartisan has retained P & E Mining Consultants Inc. to update the historic Preliminary Economic Assessment ("P.E.A") on the Kenbridge Nickel Project. The "P.E.A" is now in the wrap up phase and the Company hopes to update shareholders next month.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flagship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp., New Break Resources Ltd., and Silver Bullet Mines Inc.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN; OTCQX: TTSRF; FSE: 8TA). Currently, there are 108,922,503 shares outstanding (120,218,018 fully diluted).
Dean MacEachern P. Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. 
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125927
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FPX Nickel Corp. (TSXV: FPX) (" FPX " or the " Company ") is pleased to report the results of new testing which continues to demonstrate the potential for enhanced carbon capture and storage ( "CCS" ) in tailings at its Baptiste Project (the " Project ") in the Decar Nickel District in central British Columbia . These laboratory tests, conducted by researchers from the University of British Columbia ( "UBC" ) funded by FPX and the Government of Canada were conducted on tailings representative of different operating scenarios at Baptiste, and demonstrate the ability of these representative tailings to sequester CO 2 into a permanent mineralized form, thereby advancing the Project's potential to become the nickel industry's first carbon-neutral or carbon-negative operation.
Cautionary Statement: The test results described herein are preliminary in nature and may not be representative of conditions or results in an operating environment, particularly as it pertains to the representativeness of mineralization, moisture content, changes in weather conditions, process water chemistry and tailings emplacement configuration, including the rate at which tailings are covered with fresh material, among other parameters. There is no certainty that the results reported herein will be realized in an operating environment. Further studies are recommended to expand the scale of testing to better understand the potential for carbon sequestration to be realized in an operating environment.
"Since 2016, FPX has been a leader in defining the opportunity for large-scale permanent CCS in the mining industry," commented Martin Turenne , the Company's President and CEO. "These new results were achieved using representative tailings material generated from the 2021 metallurgical testing pilot plant program, highlighting our interest in moving beyond idealized experimental conditions to advance the scientific understanding of carbon mineralization in a practical, real-world context. With further work required to estimate the likely quantum of carbon sequestration in an operational setting, we continue to advance toward our objective of developing Baptiste as the nickel industry's first carbon-neutral or carbon-negative operation."
These laboratory tests build on more than a decade of research to maximize the reaction between CO 2 and brucite (magnesium hydroxide), a highly CO 2 -reactive mineral form of magnesium hydroxide present in the Baptiste mine tailings, as opposed to serpentine, olivine and other silicates which are the common constituents of other nickel and mafic rock tailings. In a natural process called carbon mineralization, CO 2 reacts with brucite, and to a very much less extent with serpentine minerals in the Baptiste tailings and waste rock, binding the CO 2 in a benign, solid magnesium carbonate which is stable on a geological time scale.
Previous laboratory and field tests conducted by UBC researchers have confirmed the ability of Baptiste tailings material to mineralize CO 2 when exposed to air (see the Company's news releases dated February 16 and June 9, 2021 ) and when subjected to direct injection of simulated flue gas containing 10% CO 2 (see the Company's news release dated November 2 , 2021).
The laboratory-scale tests summarized herein were designed to assess the sequestration potential by injection of CO 2 gas into material representative of three types of tailings samples, as described below and shown in Figure 1. Both tailings storage scenarios are representative of tailings produced at the Project's envisioned primary grind P 80 = 300 µm. 
Injection experiments were prepared by placing the three tailings samples in vertical pipes which were injected with simulated flue gas containing 10% CO 2 at a rate of 4 mL per minute over 14 days. The experiments were conducted on Baptiste pilot plant tailings material, which was generated from drill core. The experimented were completed in batches weighing approximately 0.5 kilograms, with moisture content ranging from 10 to 14%, and with brucite content of 1.3 to 1.6%, consistent with the estimated 1.5% average brucite content of the Baptiste deposit.
The key findings of the experiment are as follows:
These positive findings provide the basis for additional testing to expand the understanding and optimization of parameters affecting carbon mineralization in the Baptiste tailings, including the impacts of scale, grain size, porosity, permeability, moisture content, temperature, method of injection and concentration of CO 2 , and time. Future test work will underpin the Company's efforts to optimize these parameters in the Baptiste development plan. These results also open the possibility of mineralizing CO 2 ex-situ in waste rock, in-situ by injection of CO 2 into the host rock, or ex-situ injection of CO 2 into associated carbon-depleted waters drawn from host rocks in areas of the Decar Nickel District, or in rocks of similar type and mineralogy elsewhere in B.C. and beyond.
Samples of the test material were submitted for analysis of total inorganic carbon ( "TIC " ) at the beginning and the end of the experiments, with the increase in TIC representing the amount of CO 2 captured during the experiment.
As previously disclosed, the Company is expanding the size and scope of carbon sequestration testing, with the recent initiation of two direct air capture experiments in the third quarter of 2021:
The Company will report the results of these experiments upon the conclusion of testing in the third or fourth quarter of 2022.
Dr. Peter Bradshaw , P. Eng., FPX's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.
The Company's Decar Nickel District claims cover 245 km 2 of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia . The district is a two-hour drive from Fort St. James on a high-speed logging road.
Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni 3 Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling on all four targets. Since 2010, approximately US $28 million has been spent on the exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 99 holes and 33,700 m of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. The Van target was not drill-tested at that time as bedrock exposures in the area were very poor prior to more recent logging activity. In 2021, the Company executed a maiden drilling program at Van, which has returned promising results comparable with the strongest results at Baptiste.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne , President, CEO and Director
Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE FPX Nickel Corp.
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Bam Bam Resources Corp. (CSE: BBR) (CSE: BBR.WT) has announced a name and symbol change to Majuba Hill Copper Corp. (CSE: JUBA) (CSE: JUBA.WT) and a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares.
As a result, the outstanding shares of the company will be reduced to approximately 19,303,881 common shares.
The shares will begin trading on a consolidated basis and with a new name and CUSIP number on May 31, 2022.
Please note that all open orders will be cancelled at the end of business on May 30, 2022. Dealers are reminded to re-enter their orders taking into account the share consolidation.
_________________________________
Bam Bam Resources Corp. (CSE: BBR) (CSE: BBR.WT) a annoncé un changement de nom et de symbole pour Majuba Hill Copper Corp. (CSE: JUBA) (CSE: JUBA.WT) et une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour dix (10 ) actions ordinaires pré-regroupées.
En conséquent, les actions en circulation de la société seront réduites à environ 19 303 881 actions ordinaires.
Les actions commenceront à être négociées sur une base consolidée et sous un nouveau nom et un nouveau numéro CUSIP le 31 mai 2022.
Veuillez noter que tous les ordres ouverts seront annulés à la fin des activités le 30 mai 2022. Il est rappelé aux concessionnaires de saisir à nouveau leurs ordres en tenant compte du regroupement d'actions.
If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com
Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à: Listings@thecse.com
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TSXV: NOVR
OTCQB: NOVRF 
Nova Royalty Corp. (" Nova " or the " Company ") has reported its financial results for the three months ended March 31, 2022 . Nova's financial statements and management's discussion and analysis for the three months ended March 31, 2022 are available on Nova's website at www.novaroyalty.com and on SEDAR at www.sedar.com .
Q1 2022 highlights:
Subsequent to quarter-end:
About Nova
Nova Royalty is a company focused on providing investors with royalty exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".
ON BEHALF OF Nova Royalty CORP.,
(signed) "Alex Tsukernik"
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notes:
(1)
Refer to the press release titled "Hudbay Receives Favourable U.S. District Court Ruling on Copper World" published by Hudbay Minerals Inc. on May 24, 2022.
(2)
Refer to the press release titled "Lundin Mining Announces Closing of Acquisition of Josemaria Resources and Provides Update on Josemaria Project" published by Lundin Mining Corporation dated April 28, 2022.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at www.sedar.com . Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
SOURCE Nova Royalty Corp.
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