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Gold/Mining/Energy Mining News of Note

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To: LoneClone who wrote (168977)

12/7/2022 3:40:43 PM

From: LoneClone

Adventus Mining and Salazar Announce Additional Drilling Results for El Domo Underground - Including 9.46 metres of 8.83% Copper Equivalent

newswire.ca

Adventus Mining Corporation Dec 07, 2022, 06:45 ET

Figure 1 - Drill Collar Location Map for El Domo (CNW Group/Adventus Mining Corporatio

n) TORONTO, Dec. 7, 2022 Adventus Mining Corporation ("Adventus Mining") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) (collectively the "Participants") are pleased to announce the additional infill drilling results from the underground portion of the El Domo volcanogenic massive sulphide deposit ("El Domo") located within the 21,537-hectare Curipamba project in central Ecuador. The infill drilling program for the underground portion of the Mineral Resource at El Domo, as announced in the August 29, 2022 news release, continues with two diamond drill rigs.

Highlights – Drill Results from the El Domo Deposit at Curipamba :

CURI-405 intersected 9.46 metres of 7.49% copper, 2.37 g/t gold, 2.93% zinc, 75.4 g/t silver and 0.01% lead for 8.83 % copper equivalent ("CuEq") – including 5.27 metres of 12.08% copper, 4.00 g/t gold, 5.24% zinc, 131.1 g/t silver, and 0.02% lead for 14.55% CuEq

CURI-403 intersected 7.63 metres 0.87% copper, 3.91 g/t gold, 3.09% zinc, 40.7 g/t silver, and 0.50% lead for 4.16% CuEq – including 3.00 metres, grading 0.83% copper, 9.18 g/t gold, 5.67% zinc, 76.0 g/t silver and 1.13% lead for 8.00% CuEq

CURI-404 intersected 4.88 metres of 2.29% copper, 0.88 g/t gold, 0.99% zinc, 50.4 g/t silver, and 0.09% lead for 2.96% CuEq – including 0.90 metres of 3.93% copper, 2.25 g/t gold, 1.24% zinc, 103.9 g/t silver and 0.23% lead for 5.31% CuEq

Drill hole CURI-401 intersected a thick section of lower-grade semi-massive sulphide intercalated with gypsum alteration from 171.54 to 187.82 metres with a narrower section from 171.54 to 173.90 metres, grading 1.17% copper, 0.62 g/t gold, 0.39% zinc, 21.5 g/t silver, and 0.11% lead. A higher-grade subset was intersected from 171.54 to 172.20, grading 3.39% copper, 0.69 g/t gold, 1.27% zinc, 65.1 g/t silver, and 0.37% lead.

Drill Hole	From (m)	To (m)	Thickness (m)	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)	Pb (%)	Copper Equivalency (%) (1) (2)	Approx. True Thickness (m)
CURI-401	171.54	173.90	2.36	1.17	0.62	0.39	21.5	0.11	1.53	1.65
including	171.54	172.20	0.66	3.39	0.69	1.27	65.1	0.37	4.07	0.46

(1) Metal equivalency based on US$3.43/lb Cu, US$1,676/oz Au, US$1.32/lb Zn, US$18.43/oz Ag and US$0.93/lb Pb. Prices taken from 6-month contracts for precious metals and 3-month contracts for base metals from the London Metal Exchange, dated October 14, 2022.
(2) Metal equivalency adjusted for metal recoveries based on detailed metallurgical data from Feasibility Study filed on SEDAR, effective data October 26, 2021. The report is titled – "NI 43-101 Technical Report, Feasibility Study, Curipamba El Domo Project, Central Ecuador".

CURI-402 intersected semi-massive to massive sulphide mineralization from 201.57 to 206.31 metres, grading 2.84% copper, 0.75 g/t gold, 0.06% zinc, 7.8 g/t silver and 0.01% lead. A higher-grade subset was intersected from 203.11 to 204.24 metres, grading 10.25% copper, 1.47 g/t gold, 0.14% zinc, and 24.8 g/t silver and 0.01% lead.

Drill Hole	From (m)	To (m)	Thickness (m)	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)	Pb (%)	Copper Equivalency (%)(1) (2)	Approx. True Thickness (m)
CURI-402	201.57	206.31	4.74	2.84	0.75	0.06	7.8	0.01	2.37	3.08
including	203.11	204.24	1.13	10.25	1.47	0.14	24.8	0.01	8.42	0.73
including	203.11	203.70	0.59	18.57	2.06	0.25	43.4	0.01	15.20	0.38

Drill hole CURI-403 intersected semi-massive to massive sulphide mineralization with intercalated felsic autobreccia at the base of the intercept, from 237.10 to 244.73 metres, grading 0.87% copper, 3.91 g/t gold, 3.09% zinc, 40.7 g/t silver, and 0.50% lead. A higher-grade subsection occurs from 237.10 to 240.10 metres, grading 0.83% copper, 9.18 g/t gold, 5.67% zinc, 76.0 g/t silver and 1.13% lead.

Drill Hole	From (m)	To (m)	Thickness (m)	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)	Pb (%)	Copper Equivalency (%) (1) (2)	Approx. True Thickness (m)
CURI-403	237.10	244.73	7.63	0.87	3.91	3.09	40.7	0.50	4.16	6.49
including	237.10	240.10	3.00	0.83	9.18	5.67	76.0	1.13	8.00	2.55

Drill hole CURI-404 intersected semi-massive sulphide mineralization from 245.15 to 250.03 metres, grading 2.29% copper, 0.88 g/t gold, 0.99% zinc, 50.4 g/t silver, and 0.09% lead. A higher-grade subsection occurs from 249.13 to 250.03 metres, grading 3.93% copper, 2.25 g/t gold, 1.24% zinc, 103.9 g/t silver and 0.23% lead.

Drill Hole	From (m)	To (m)	Thickness (m)	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)	Pb (%)	Copper Equivalency (%)(1) (2)	Approx. True Thickness (m)
CURI-404	245.15	250.03	4.88	2.29	0.88	0.99	50.4	0.09	2.96	3.42
including	249.13	250.03	0.90	3.93	2.25	1.24	103.9	0.23	5.31	0.63

Drill hole CURI-405 intersected semi-massive sulphide mineralization with intercalated felsic autobreccia from 205.42 to 208.33 metres, grading 1.85% copper, 2.03 g/t gold, 0.51% zinc, 10.1 g/t silver, and 0.01% lead. A thick section of semi-massive to massive sulphide mineralization occurs from 214.06 to 223.52 metres, grading 7.49% copper, 2.37 g/t gold, 2.93% zinc, 75.4 g/t silver and 0.01% lead. A higher-grade section occurs from 214.06 to 219.33 metres, grading 12.08% copper, 4.00 g/t gold, 5.24% zinc, 131.1 g/t silver, and 0.02% lead.

Drill Hole	From (m)	To (m)	Thickness (m)	Cu (%)	Au (g/t)	Zn (%)	Ag (g/t)	Pb (%)	Copper Equivalency (%)(1) (2)	Approx. True Thickness (m)
CURI-405	205.42	208.33	2.91	1.85	2.03	0.51	10.1	0.01	1.78	2.47
	214.06	223.52	9.46	7.49	2.37	2.93	75.4	0.01	8.83	8.04
including	214.06	219.33	5.27	12.08	4.00	5.24	131.1	0.02	14.55	4.48

All results from the infill drilling program are to be used in updating the underground portion of the Mineral Resource estimate for El Domo in 2023, which will be part of a future feasibility study that will integrate the development of a potential underground operation in addition to the planned open pit (see August 29, 2022 news release). Figure 1 illustrates the drill locations for the results of the five drill holes outlined in this news release. Drill collar location coordinates are summarized for the infill drilling program in Table 1 at the end of this news release.

For reference, the last Mineral Resource estimate completed in accordance with NI 43-101 for El Domo was published as part of the Feasibility Study report titled: "NI 43-101 Technical Report, Feasibility Study, Curipamba El Domo Project, Central Ecuador", with an effective date of October 26, 2021 on SEDAR.

Technical Information and QAQC
The Curipamba project work program is being managed and reviewed by Vice President Exploration, Jason Dunning, M.Sc., P.Geo., a Qualified Person within the meaning of NI 43-101. Salazar staff collect and process samples that are securely sealed and shipped to Bureau Veritas ("BV") in Quito for sample preparation that includes crushing and milling to prepare pulps that are then split for shipment to their facility in Vancouver, Canada for analysis. All assay data have undergone internal validation of QAQC; noting there is an established sampling control program with blind insertion of assay blanks, certified industry standards and sample duplicates for the Curipamba project. A QAQC program is also in place at BV and includes insertion of blanks, standards, and duplicate reanalysis of selected samples. BV's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. At BV, samples from regional drilling have silver and base metals analyzed by a modified ore grade 24-element aqua regia technique with ICP-ES finish. Gold is analyzed by fire assay fusion with AAS finish. Overlimit protocols are in place for gold, silver, copper, lead, and zinc.

Qualified Person
The technical information of this news release has been reviewed and verified as accurate by Mr. Jason Dunning, M.Sc., P.Geo., Vice President Exploration for Adventus Mining, a non-Independent Qualified Person, as defined by NI 43-101.

About Adventus Mining
Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and development company. Adventus Mining is majority owner of the 215 sq. km Curipamba copper-gold project, which has a completed feasibility study on the shallow and high-grade El Domo deposit. In addition, Adventus Mining is engaged in a country-wide exploration alliance in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Outside of Ecuador, Adventus Mining owns an exploration project portfolio in Ireland with South32 Limited as the funding participant. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus Mining is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.

Please also visit the Adventus Mining website at www.adventusmining.com.

About Salazar
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

Please also visit the Salazar Resources website at www.salazarresources.com.

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 news release.

This press release contains "forward-looking information" within the meaning of applicable Canadian ?securities laws. Forward-looking statements are based on the beliefs, expectations, and opinions of the ?management of the Participants as of the date the statement is published, and the Participants assume no ?obligation to update any forward-looking statement, except as required by law. In certain cases, forward–?looking statements can be identified by the use of words such as "plans", "expects", "outlook", ??"guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or ?variations of such words and phrases or statements that certain actions, events or results "may", "could", ??"would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable ?terminology.?

Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Adventus Mining and Salazar expect or anticipate will or may occur in the future. Although Adventus Mining and Salazar have attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus Mining and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.

Table 1: Drill Collar Information for Infill Drill Holes at El Domo

Hole ID	EAST	NORTH	ELEV	AZIMUTH	DIP	DEPTH	COMMENT
CURI-419	695494	9855286	1027	296	-70	-	In Progress
CURI-418	695459	9855361	1017	303	-78	-	In Progress
CURI-417	695494	9855286	1027	151	-70	269.40	Successfully completed per design
CURI-416	695494	9855286	1027	180	-73	262.80	Successfully completed per design
CURI-415	695459	9855361	1017	317	-66	245.85	Successfully completed per design
CURI-414	695440	9855274	1028	164	-73	221.30	Successfully completed per design
CURI-413	695454	9855407	1025	165	-75	237.60	Successfully completed per design
CURI-412	695440	9855274	1028	203	-75	269.40	Successfully completed per design
CURI-411	695177	9855005	929	69	-69	176.00	Successfully completed per design
CURI-410	695440	9855274	1028	210	-65	314.30	Successfully completed per design
CURI-409	695400	9855298	1017	301	-71	264.25	Successfully completed per design
CURI-408	695400	9855298	1017	127	-69	243.60	Successfully completed per design
CURI-407	695431	9855413	1007	12	-62	203.00	Successfully completed per design
CURI-406	695269	9855341	1000	270	-78	221.15	Successfully completed per design
CURI-405	695431	9855413	1007	317	-69	247.60	Successfully completed per design
CURI-404	695309	9855341	1000	210	-67	286.90	Successfully completed per design
CURI-403	695181	9855413	1007	331	-62	257.15	Successfully completed per design
CURI-402	695400	9855298	1017	239	-79	245.30	Successfully completed per design
CURI-401	695375	9855400	996	238	-73	224.00	Successfully completed per design
CURI-400	695400	9855298	1017	237	-67	284.10	Successfully completed per design
CURI-399	695375	9855400	996	41	-65	212.25	Successfully completed per design
CURI-398	695400	9855298	1017	196	-71	272.00	Successfully completed per design
CURI-397	695271	9855452	985	178	-81	208.80	Successfully completed per design
CURI-396	695394	9855668	957	252	-68	179.45	Successfully completed per design
CURI-395	695349	9855650	972	151	-64	211.50	Successfully completed per design
CURI-394	695436	9855590	980	241	-73	216.30	Successfully completed per design
CURI-393	695394	9855668	957	159	-72	96.00	Successfully completed per design
CURI-392	695395	9855600	994	122	-65	224.95	Successfully completed per design

Notes:
(1) All drill holes are surveyed in UTM Datum (Provisional South American 1956, Zone 17)

SOURCE Adventus Mining Corporation

For further information: Adventus Mining, please contact Christian Kargl-Simard, President and Chief Executive Officer, at +1-416-230-3440 or christian@adventusmining.com; Salazar Resources, please contact Merlin Marr-Johnson, Executive Vice President, at +1 604 685 9316 or merlin@salazarresources.com.

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To: LoneClone who wrote (168978)	12/7/2022 3:41:51 PM
From: LoneClone	of 170872

Nyrstar's Auby zinc plant on care and maintenance until further notice ca.finance.yahoo.com Wed, December 7, 2022 at 3:54 a.m.·1 min read LONDON (Reuters) - Nyrstar has completed scheduled maintenance work at its Auby operation in Northern France, but the smelter will not resume zinc production due to challenging market conditions, the company said on its website. The Netherlands-based company said the decision was based on the latest power price outlook and inflation across a range of input costs impacting the business. High power prices have spurred suspensions and cutbacks by smelters throughout Europe. "The plant will now be placed on care and maintenance until further notice," Nyrstar said. "This period will be used to bring forward future planned investments to improve operational stability and efficiency of the Auby smelter once operations are able to restart." Nyrstar put its zinc smelting operations at Budel in the Netherlands on care and maintenance in September. Metal industry sources say Nyrstar has the capacity to produce 720,000 tonnes of zinc in Europe, with 315,000 of that at Budel. Europe accounts for around 15% of global supplies of zinc estimated at about 14 million tonnes this year. Benchmark zinc prices on the London Metal Exchange hit a record high of $4,896 a tonne in March on worries about shortages, but have since dropped 36% to around $3,125 a tonne as growth and demand slowed.

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To: LoneClone who wrote (168979)	12/7/2022 3:43:15 PM
From: LoneClone	of 170872

Mosaic Minerals Prepares its 2023 Exploration Program for Lithium and Strategic Minerals ca.finance.yahoo.com Mosaic Minerals Corporation Wed, December 7, 2022 at 5:30 a.m.·4 min read Mosaic Minerals Lithium Exploration Project Mosaic Minerals Lithium Exploration Project MONTREAL, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “The Company”) is preparing an initial exploration program for the 2023 season to evaluate its lithium and strategic mineral projects located in Jamésie (Québec). These projects, which make up the company's lithium properties, cover nearly 20,000 hectares spread over six mining blocks, contain, according to the various data from the Quebec Ministry of Energy and Natural Resources (MERN), several geological indications favorable to the presence of lithium and strategic minerals. The 2023 exploration work therefore has the primary objective of confirming the presence of spodumene pegmatites and/or the presence of strategic minerals. mosaic_lithiumprojects_map_2022 In order to verify the data from the MERN, the planned work will include sampling, a set of geological, geochemical and spectrometric surveys coupled with aerial magnetic surveys. The use of aerial spectrometry will support groundwork by defining favorable areas due to the presence of slightly radioactive minerals associated with spodumene pegmatites. It is somewhat comparable to geochemistry, but taking aerial spectrometric data covers much larger areas. The magnetic survey will also help establish contacts between granitic geological units and greenstone belts. Ground geochemistry will facilitate the establishment of favorable geological contours that may contain the minerals sought. If necessary, stripping and more intensive sampling will be undertaken on the targets defined by the various exploration works. Discussions are currently underway with various service providers to ensure that a geological and technical team is in place at the end of the winter period. Aerial surveys will be done at the same time. “We are very happy to prepare a first exploratory campaign for the end of spring. This will allow us to quickly identify targets where we can focus our efforts in the summer of 2023. Favorable geology in a greenstone environment is what we are looking for,” to mention Mr. Jonathan Hamel, President, and Chief Executive Officer of Mosaic. The technical content of this press release has been reviewed and approved by Mr. Gilles Laverdière, P.Geo., an independent consulting geologist and a Qualified Person as defined in NI 43-101. About Mosaic Minerals Corporation Mosaic Minerals Corp. is a Canadian mining exploration company listed on the Canadian Securities Exchange (CSE: MOC) focusing on the exploration of strategic minerals in the territory of the province of Quebec. Source : M. Jonathan Hamel President & CEO jhamel@mosaicminerals.ca 514-317-7956 This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. NOT FOR DISTRIBUTION IN THE UNITED STATES OR ANY US NEWS WIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE TITLES DESCRIBED HEREIN. A photo accompanying this announcement is available at globenewswire.com

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To: LoneClone who wrote (168980)	12/7/2022 3:44:59 PM
From: LoneClone	of 170872

Hanstone Reports Extensive Gold and Silver Mineralization at Surface up to 277.9g/t Au, 1,405g/t Ag at Doc Property, British Columbia Highlights ? Hanstone receives assay results up to 277.9g/t Au and 1,405g/t Ag from grab samples at sample pits at Q17/Q22 Zones. ? High-grade gold identified at Q17/Q22 Zones along a 350-metre strike length. hanstonegold.com Vancouver, BC, December 6, 2022 – Hanstone Gold Corp. (TSX.V:HANS) (OTC:HANCF) (FRA:HGO) (the “Company” or “Hanstone”), is pleased to announce the results from grab sampling and surface mapping carried out at its Summer 2022 exploration program at its Doc Property in northwestern British Columbia. Field Program Overview Field reconnaissance was carried out during the Summer 2022 program, alongside the bulk sampling program previously announced on October 31, 2022(1) and November 22, 2022(2) Assay results from grab sampling at the Q17 and Q22 Zones yielded a high value of 277.9g/t Au and 935g/t Ag from sample 872104, which was taken from DOC22-Pit 7E (see Table 1 & Figure 2). This pit, opened on the Q17 vein, exhibits a vuggy gossan with galena-derived boxwork on the margin of the same vein exposed at the bulk sampled zone at the top of the slope at DOC22-Pit 2E through 3E, the results from which were announced on November 22, 2022(2). Sample 872135, taken from an unweathered portion of the Q17 vein at DOC22-Pit 3E, yielded 231.4g/t Au and 1,405g/t Ag. * Mineralization observed at the Q17, Q22, and Q19 Zones is hosted within broad, approximately ~1 metre thick vitreous quartz veins with 5-10% coarse (up to ~2cm) galena crystals disseminated within the vein margin. See Figure 1 and Table 1 below for sample locations. Ray Marks, President and CEO of Hanstone stated: “These results further confirm the presence of extensive gold mineralization extending from surface to the past-producing mine workings below for a current estimated strike length of 350 metres. Our intention in the 2023 season will be to follow up on these results and our team is eager to find out just how far this zone extends along strike.” Sampling at Q17 / Q22 Zones Grab sample 872125, taken directly above the end of the adit and roughly at the centre-point of the segment of the Q17 vein mined by the underground workings, returned 111.5g/t Au and 155g/t Ag. Sample 872122, taken directly above the eastern end of the underground workings, yielded 47.7g/t Au and 248g/t Ag. More significantly, sample 872123, taken 130 metres further ESE along strike beyond the end of the surface projection of the underground workings, in the vicinity of the eastern-most historical 1988 drilling, yielded 58.3g/t Au and 256g/t Ag. * The Q17 and Q22 veins clearly coincide with the underground workings, with pits generally exhibiting a similar style of mineralization to that observed within the underground workings. In conjunction with historical drill results, veining and sulphide mineralization appears to be mostly continuous throughout the zone, as well as further along strike to the east. Table 1. Grab Sample Assay Highlights Figure 1. Grab Sample Highlights Map Discussion of Sampling Results Grab samples taken from pits opened during the program yielded numerous high-grade gold showings with apparent continuity of a mineralized zone extending along surface from DOC22-Pit 1E (top of slope) down to DOC22-Pit 16E, a strike length of approximately 150 metres. Additional pits located 70 and 200 metres further southeast along strike of the same zone also yielded high-grade gold results (47.7g/t Au and 58.3g/t Au, respectively), with the zone remaining open along strike in both directions. This mineralized trend almost exactly parallels the underground workings and represents the surface projection of the same Q17 and Q22 veins that were the target of underground mining. Based on these observations, in conjunction with historical drilling intercepts across the vein, the mineralized zone appears to measure at least 350 metres along strike and 100 metres depth, while remaining open along strike and at depth. The grades being returned from grab and bulk sampling at the Doc Project are consistent between samples of similar material and have yielded up to 277.9g/t Au (DOC22-Pit 7E), which was taken from a grab sample of vuggy gossan with galena-derived boxwork. Evidenced from the texture of the high-grade gossan, this material is the weathered form of the galena-bearing quartz vein appearing uphill at DOC22-Pit 2E through DOC22-Pit 6E and likely continues further beyond the most distal pits in both directions along strike. * Figure 2. Sample 872104 (277.9g/t Au, 935 g/t Ag) Figure 3. Pit 8E looking west - representative section of mineralized zone (rock hammer for scale) Bulk Sampling Recap and Pit Descriptions As announced in Hanstone’s news release dated November 22, 2022(2), assay results from bulk samples from the DOC Zone yielded a high value of 43.91 g/t Au and 244 g/t Ag from a 110.0kg sample from Pit 3E at the Q17 vein, out of a total of three bulk samples taken along an approximately 10-metre long zone on the Q17 vein. The single bulk sample taken at the Q19 zone yielded 7.04 g/t Au and 85 g/t Ag from a 130.0kg sample. A total of 18 sample pits were opened on the Property, with 17 pits located along the DOC area (Q17/Q22 vein zone) and one pit at the Q19 zone. The bulk sampling component of the program consisted of a series of four (4) bulk samples taken across the Q17 and Q19 vein zones. Each sample at both the Q17 and Q19 veins consisted of abundant galena and minor pyrite mineralization within 0.5 to 1.0 metre quartz veins, hosted within a broader shear zone and yielded anomalously high gold and silver values. No significant copper or zinc values were encountered. The surface exposure of the Q17 and Q22 veins evidently coincide with the underground workings, with pits generally exhibiting a similar style of mineralization to that observed within the underground workings. In conjunction with historical drill results, veining and sulphide mineralization appears to be mostly continuous throughout the zone, as well as further along strike to the east. * Cautionary Note: The reader is cautioned that grab rock samples are selective by nature and may not represent the true grade or style of mineralization across the Property. Assay Method Analytical results of sampling reported by Hanstone represent rock samples submitted by Hanstone directly to Seacan Labs, an ISO 17025 accredited lab based in Stewart, British Columbia. Samples were coarse crushed, dried at 100 °C, crushed to 80% < 10 mesh, split, with 250g pulverised to 85% < 140 mesh. For Au and Ag, 30g pulp was fire assayed with gravimetric finish. For all other elements, pulp samples were digested by aqua regia and run by ICP-OES. About the DOC Gold Project The DOC Gold Project covers 8 mineral claims covering 1,704 hectares in northwestern British Columbia. The Project is located approximately 70 kilometres north of Stewart, BC, and is accessible by a 45 minute helicopter flight from the helipad located in Stewart, BC. Trails provide excellent access to all major locations on the Property. Qualified Person Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects. About Hanstone Gold Corp Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle is an area which hosts numerous producing and past-producing mines and several large deposits that are approaching potential development. The Company holds a 100% earn-in option on the 1,704-hectare Doc Project and owns a 100% interest in the 3,336-hectare Snip North Project. Hanstone has a highly experienced team of industry professionals with a successful track record in the discovery of gold deposits and in developing mineral exploration projects through discovery to production. Ray Marks, President and CEO For Further Information Contact: Ray Marks, President +1-(778)-896-7778, ray.marks@hanstonegold.com Or visit the Company’s website at www.hanstonegold.com Forward Looking Statements Disclaimer The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events, or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events, or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Hanstone’s business and the industry and markets in which it operates and will operate. Forward-looking information and statements are made based upon numerous assumptions, including among others, the results of planned exploration activities are as anticipated, the price of gold, the cost of planned exploration activities, that financing will be available if needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct Hanstone’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. References 1) Hanstone Gold Corp Press Release dated October 31, 2022. “Hanstone Gold Provides Update on Exploration Program at Doc Property, British Columbia” hanstonegold.com 2)Hanstone Gold Corp Press Release dated November 22, 2022. “Hanstone Receives Assays up to 43.91g/t Gold and 244 g/t Silver from Bulk Sampling at Doc Property, British Columbia” hanstonegold.com

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To: LoneClone who wrote (168981)

12/7/2022 3:46:52 PM

From: LoneClone

Integra Announces Oxide Drill Results From DeLamar Stockpile Drill Program: 0.51 g/t Gold Equivalent Over 84 m and 0.49 g/t Gold Equivalent Over 70 m, Demonstrating Proof of Concept for Mineralized Stockpiles

ca.finance.yahoo.com

Integra Resources Corp.
Wed, December 7, 2022 at 3:45 a.m.·11 min read

Integra Resources Corp.

Drill results from DeLamar stockpile drill program include:

NDM22-032: 0.31 grams per tonne (“g/t”) gold (“Au”) and 16.12 g/t silver (“Ag”) (0.51 g/t gold equivalent (“AuEq”)) over 83.82 meters (“m”)

NDM22-122: 0.27 g/t Au and 17.25 g/t Ag (0.49 g/t AuEq) over 70.11 m

NDM22-137: 0.29 g/t Au and 15.34 g/t silver Ag (0.48 g/t AuEq) over 67.05 m

NDM22-135: 0.26 g/t Au and 18.02 g/t Ag (0.50 g/t AuEq) over 86.87 m

This drill program is designed to test a portion of the approximately 60 million tonnes (“Mt”) of low-grade gold-silver mineralized material that was stockpiled and/or used as backfill by previous mine operators at DeLamar from the 1970s to the late 1990s.

These drill results are the first ten assays of the 11,000 m stockpile drill program underway.

The drill results announced today further support the Company’s belief that this stockpiled and/or backfill material, much of which was being handled and moved as part of the DeLamar Pre-feasibility Study (“PFS”) mine plan, should be of sufficient grade and tonnage to extend the mine life of the proposed heap leach operation.

The Company has one sonic drill rig on Stockpile 2, one RC Rig on Stockpile 1, and plans on increasing the number of drill rigs on site for the stockpile drill program to three by January 2023, given the success of this first phase.

Material drilled to date is primarily oxide with some transitional material. Cyanide shakes are being performed on drilled material and suggest high heap leach recovery potential. Based on previous metallurgical work at DeLamar, cyanide shakes correlate well with bottle roll tests and column test work which will also be performed on this material.

Preliminary metallurgical work on these drill results shows Au and Ag recoveries of greater than 70%.

VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V: ITR; NYSE American: ITRG) is pleased to announce drill results from the DeLamar Project (“DeLamar” or the “Project”) located in southwestern Idaho. The drill results announced today are the first ten drill holes from the 11,000 m stockpile drill program at DeLamar. This drill program will test a portion of the estimated 60 Mt of low-grade stockpiled mineralized material at the DeLamar and Florida Mountain deposits, resulting in better understanding of resource potential and grade variability.

“We are pleased to announce that the first round of shallow drill holes completed into the North DeLamar Backfill provide a preliminary “proof-of-concept” that a significant amount of value in terms of gold and silver content resides in this stockpiled and backfilled material. The first ten drill holes released today provide further confidence that this stockpiled and backfilled mineralized material has the potential to materially increase the heap leach mine life at DeLamar. Based on the first drill holes, this material is oxidized and is within the grade range expected by the Company of 0.3 g/t to 0.6 g/t AuEq. Potential gold cyanide solubility from cyanide shake testwork, indicative of potential heap leach gold recoveries, has also shown to be excellent in this first round of drilling. The first drill results from this program have exceeded our expectations and prompted the Company to increase the number of drill rigs on the Project to expedite the drill program,” noted George Salamis, President and CEO of the Company. “Continued success in drilling this material should result in an updated resource estimate in the first half of 2023. If just a portion of this 60 Mt can be included in a future mine plan, the economic benefits from an increased mine life could be significant. The Company has completed approximately 2,500 m of drilling on these stockpiles and expects continued drill results over the next few months.”

The following table highlights selected intercepts from North DeLamar Backfill drill results announced today:

Drill Hole	From (m)		To (m)	Interval (m)(1)(2)	g/t Au	g/t Ag	g/t AuEq(3)	AuCN Recovery (%)(4)
NDM22-024	3.05	36.58		33.53	0.28	14.43	0.46	66.15
NDM22-032	3.05	86.87		83.82	0.31	16.12	0.51	75.52
NDM22-033	1.52	44.20		42.68	0.25	17.91	0.48	77.45
NDM22-034	3.05	12.19		9.14	0.40	38.42	0.89	68.83
NDM22-122	1.52	71.63		70.11	0.27	17.25	0.49	74.34
NDM22-123	1.52	21.34		19.82	0.24	13.83	0.42	81.80
NDM22-135	4.57	91.44		86.87	0.26	18.02	0.50	79.60
NDM22-137	3.05	70.10		67.05	0.29	15.34	0.48	70.76
NDM22-138	3.05	41.15		38.10	0.28	13.27	0.45	73.27
NDM22-139	1.52	21.34		19.82	0.26	12.94	0.42	64.81

(1) Downhole thickness is true thickness.
(2) Intervals reported are uncapped.
(3) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70). Rounding may cause minor discrepancies in the AuEq column.
(4) Au recovery based on cyanide shakes (“AuCN”) run on all intervals with Au assay values >0.1 g/t.

To view a drill collar location map, please click on the following link:
globenewswire.com

Execution of Drill Program: Methodology and Timeline

The stockpile drill program will be executed at 60 m collar spacing with select 30 m infill test holes. All drilling will be vertical through the entirety of the stockpiles. This drilling will be conducted by a combination of Sonic and traditional RC with casing advance drilling methods. Both these drilling methods will serve to maintain high sample quality through the drilling process. Additionally, the two sampling methods will provide a basis for comparison for continuity. Sampling will be conducted at 1.5 m intervals for the whole of the drilling with all samples sent to a third-party lab for analysis. These drilling methods provide the opportunity for various metallurgical tests, as well. Bottle rolls will be collected on crushed material and column testing is planned for select material obtained with the sonic drill.

The Company has increased drilling to 24 hours shifts and expects this drill program to be complete in early March 2023. A resource estimate on this material is expected to be complete by the end of the first half of 2023.

Sampling and QA/QC Procedure

Thorough QA/QC protocols are followed on the Project, including insertion of duplicate, blank and standard samples in the assay stream for all drill holes. The samples are submitted directly to American Assay Labs in Reno, Nevada for preparation and analysis. Analysis of gold is performed using fire assay method with atomic absorption (AA) finish on a 1 assay ton aliquot. Gold results over 5 g/t are re-run using a gravimetric finish. Silver analysis is performed using ICP for results up to 100 g/t on a 5-acid digestion, with a fire assay, gravimetric finish for results over 100 g/t silver.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by E. Max Baker Ph.D. (F.AusIMM), Integra’s Vice President Exploration of Post Falls, Idaho, a “Qualified Person” (“QP”) as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects.

About Integra Resources

Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar gold-silver project in Idaho, USA. Integra is led by the management team from Integra Gold Corp. which successfully grew, developed and sold the Lamaque Project, in Quebec, for C$600m in 2017. Since acquiring the DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver deposits, in late 2017, the Company has demonstrated significant resource growth and conversion while providing robust economic studies in its maiden preliminary economic assessment and now PFS. An independent technical report for the PFS on the DeLamar Project has been prepared in accordance with the requirements of NI 43-101 and is available under the Company’s profile at www.sedar.com and on the Company’s website at www.integraresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION

Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

Forward looking and other cautionary statements

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements about the scope, timing and completion of the Pre-feasibility study; estimates of metallurgical recovery rates and the contribution of silver production to mining operations; anticipated advancement of DeLamar and future exploration prospects. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves 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 future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of Integra believes, or believed at the time, to be reasonable assumptions, Integra cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be anticipated, estimated, or intended.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves

National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission (“SEC”) and resource information contained in this press release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

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.

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To: LoneClone who wrote (168982)

12/8/2022 1:44:31 PM

From: LoneClone

Wallbridge Continues to Add Near Surface Gold Mineralization at Fenelon and Expands New Southeast Zones

wallbridgemining.com

December 8, 2022

View PDF

Assay Highlights Include:

Within 200 metres from surface:

2.66 g/t Au over 46.70 metres
4.19 g/t Au over 24.00 metres
8.91 g/t Au over 9.65 metres

Below 200 meters from surface

25.66 g/t Au over 1.50 metres in the recently discovered southeast extension area

Toronto, Ontario – December 8, 2022 – Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) is pleased to report that ongoing drilling at the Company’s 100%-owned Fenelon gold project (“Fenelon” or the “Project”) has identified additional near-surface gold mineralization, within or close to the existing Mineral Resource Estimate (“MRE”) footprint. Furthermore, exploration drilling to the southeast of the MRE continues to delineate a gold mineralized environment showing excellent resource growth potential.

Attila Péntek, Wallbridge’s Vice President, Exploration, commented:

“Identifying strong, near-surface mineralization at Fenelon has been a key objective of our 2022 exploration program. The assays we announced today continue to validate the quality and continuity of the deposit within 200 metres of the surface. Strengthening the overall grade of the Fenelon resource was another important goal and the results we have achieved this year will also support this objective as we prepare to issue an updated MRE in the first quarter of 2023. This will be a critical input for delivering a positive Preliminary Economic Assessment of a primarily underground bulk mining operation at Fenelon, expected to be completed in the second quarter. In addition, today’s results include assays from two drill holes to the southeast of the existing MRE, demonstrating additional growth potential of the Fenelon deposit, which still remains open in nearly all directions.”

Highlight Assay Results

Tabasco-Cayenne Corridor (above 200 m vertical depth)

FA-22-477	2.66 g/t Au over 46.70 metres, including 6.62 g/t Au over 15.00 metres, which includes 88.69 g/t Au over 1.05 metres;
FAM-22-002	4.19 g/t Au over 24.00 metres, including 14.16 g/t Au over 5.50 metres, and 0.78 g/t Au over 63.50 metres;
19-0915-004	8.91 g/t Au over 9.65 metres, including 69.24 g/t Au over 1.15 metres as part of the 2022 in-fill sampling program;
FA-22-471	19.02 g/t Au over 1.30 metres;
FA-22-469	37.30 g/t Au over 0.65 metre;

Area 51, Near Surface (above 200 m vertical depth)

FA-22-500

2.50 g/t Au over 8.30 metres, including
6.13 g/t Au over 3.00 metres;

Area 51 (below 200 m vertical depth)

FA-21-233	9.02 g/t Au over 9.60 metres, including 154.00 g/t Au over 0.50 metre, and 12.20 g/t Au over 0.65 metre;
FA-22-434	25.66 g/t Au over 1.50 metres;

Tabasco-Cayenne Corridor (below 200 m vertical depth)

FA-22-497

9.30 g/t Au over 2.80 metres, including
26.10 g/t Au over 0.80 metre;

The results reported in today’s press release are from 51 drill holes completed in 2022, one 2021 hole that was extended in 2022 (FA-21-233), three holes sampled during the 2022 in-fill sample program, and one hole drilled for geomechanical purposes in support of economic studies (FAM- series). All figures and a table with drill hole information of recently completed holes are posted on the Company’s website under “Current Program” at wallbridgemining.com.

Fenelon is located within Wallbridge's 830-square-kilometre land package on the Detour-Fenelon Gold Trend, 80 kilometres east of the Detour Lake gold mine.

Figure 1. Detour-Fenelon Gold Trend

Figure 2. Fenelon Gold, Plan View

Figure 3. Fenelon Gold, Plan View, 0-200 metres Vertical Depth

Figure 4. Fenelon Gold, Plan View, 825 metres Vertical Depth

Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
Drill Hole	From (m)	To (m)	Length (m)	Au (g/t)	Au Cut(2) (g/t)	VG(3)	Zone/Corridor
FENELON
*< 200 m Vertical Depth*
*19-0915-004	4.45	14.10	9.65	8.91	8.91		Tabasco
Including…	5.85	7.00	1.15	69.24	69.24		Tabasco
FA-22-416	No Significant Mineralization (4)
FA-22-417	679.85	680.35	0.50	18.40	18.40		Area 51
FA-22-417-W1	No Significant Mineralization (4)
FA-22-417-W2	1202.50	1203.00	0.50	20.70	20.70		Area 51
FA-22-463	105.00	108.00	3.00	1.94	1.94		Contact Zone
FA-22-465A	59.50	70.00	10.50	0.60	0.60		Area 51
FA-22-465A	76.00	86.85	10.85	1.19	1.19		Area 51
FA-22-465-W1	No Significant Mineralization (4)
FA-22-466	129.40	130.60	1.20	9.25	9.25		Area 51
FA-22-468A	115.00	125.50	10.50	0.98	0.98		Area 51
FA-22-468A	155.00	155.60	0.60	12.35	12.35	VG	Area 51
FA-22-469	131.85	132.50	0.65	37.30	37.30		Tabasco
FA-22-471	170.50	171.80	1.30	19.02	19.02		Tabasco
FA-22-475	197.00	203.00	6.00	0.99	0.99		Area 51
FA-22-475	240.30	240.80	0.50	17.36	17.36	VG	Area 51
FA-22-477	42.00	47.50	5.50	1.60	1.60		Area 51
FA-22-477	96.25	99.00	2.75	4.82	4.82	VG	Area 51
Including…	96.25	96.75	0.50	25.00	25.00	VG	Area 51
FA-22-477	217.50	264.20	46.70	2.66	2.66		Contact Zone
Including…	217.50	232.50	15.00	6.62	6.62		Contact Zone
Which Includes…	218.25	219.30	1.05	88.69	88.69		Contact Zone
FA-22-480	No Significant Mineralization (4)
FA-22-481	62.50	65.50	3.00	2.03	2.03		Contact zone
FA-22-482	No Significant Mineralization (4)
FA-22-484	188.50	208.50	20.00	0.72	0.72		Area 51
Including…	200.00	208.50	8.50	0.86	0.86		Area 51
FA-22-485	46.50	48.00	1.50	6.81	6.81		Area 51
FA-22-487	277.50	279.00	1.50	4.89	4.89		Area 51
FA-22-488	No Significant Mineralization (4)
FA-22-491	140.90	149.00	8.10	0.64	0.64		Area 51
FA-22-492	42.50	44.00	1.50	3.53	3.53		Area 51
FA-22-492	118.00	137.50	19.50	0.60	0.60		Area 51
FA-22-494	133.00	134.50	1.50	4.54	4.54		Area 51
FA-22-495	286.00	288.00	2.00	3.09	3.09		Cayenne
FA-22-498	91.00	92.50	1.50	3.64	3.64		Area 51
FA-22-498	256.00	256.50	0.50	10.35	10.35	VG	Area 51
FA-22-499	No Significant Mineralization (4)
FA-22-500	154.00	162.30	8.30	2.50	2.50		Area 51
Including…	154.00	157.00	3.00	6.13	6.13		Area 51
FA-22-502	No Significant Mineralization (4)
FA-22-504	95.20	95.80	0.60	8.55	8.55		Area 51
FAM-22-002	58.00	61.00	3.00	2.83	2.83		Tabasco
FAM-22-002	80.50	104.50	24.00	4.19	4.19		Tabasco
Including…	80.50	86.00	5.50	14.16	14.16		Tabasco
FAM-22-002	137.50	201.00	63.50	0.78	0.78		Contact Zone
**Including…	137.50	150.34	12.84	0.80	0.80		Contact Zone
FAM-22-002	272.00	275.00	3.00	3.09	3.09		Area 51
*Below 200 m Vertical depth*
*FA-19-096-W1	897.50	900.50	3.00	1.99	1.99		Cayenne
*FA-20-155	685.10	686.00	0.90	8.92	8.92		Area 51
FA-21-233	673.50	683.10	9.60	9.02	4.90	VG	Area 51
Including…	673.50	674.00	0.50	154.00	75.00	VG	Area 51
And…	682.45	683.10	0.65	12.20	12.20		Area 51
FA-22-399	789.00	791.00	2.00	8.73	8.73		Cayenne
FA-22-432-W1	370.20	371.00	0.80	8.88	8.88		Area 51
FA-22-434	524.10	525.60	1.50	3.63	3.63		Area 51
FA-22-434	610.00	611.50	1.50	6.69	6.69		Area 51
FA-22-434	938.00	939.50	1.50	25.66	25.66		Area 51
FA-22-434	976.00	980.80	4.80	2.08	2.08		Area 51
FA-22-434-W1	485.00	486.15	1.15	8.33	8.33		Area 51
FA-22-434-W1	1027.00	1027.95	0.95	8.65	8.65		Area 51
FA-22-452	370.65	372.00	1.35	5.13	5.13		Area 51
FA-22-465A	349.00	350.50	1.50	6.97	6.97		Area 51
FA-22-468A	565.00	565.50	0.50	34.98	34.98	VG	Area 51
FA-22-473-W1	995.20	999.00	3.80	2.63	2.63		Contact zone
FA-22-475	287.10	290.00	2.90	1.84	1.84		Area 51
FA-22-484	349.90	351.30	1.40	3.64	3.64		Area 51
FA-22-487	462.20	464.00	1.80	2.96	2.96		Area 51
FA-22-487	628.00	629.00	1.00	8.36	8.36		Area 51
FA-22-492	490.50	492.00	1.50	5.50	5.50		Area 51
FA-22-492	509.00	509.50	0.50	14.74	14.74	VG	Area 51
FA-22-497	1020.00	1022.80	2.80	9.30	9.30		Cayenne
Including…	1022.00	1022.80	0.80	26.10	26.10		Cayenne
FA-22-498	463.00	469.00	6.00	2.65	2.65		Area 51
FA-22-500	780.00	781.50	1.50	4.65	4.65		Area 51
FA-22-500	902.00	902.50	0.50	15.80	15.80		Area 51
FA-22-507	482.50	485.00	2.50	3.19	3.19		Area 51
FA-22-507	1012.00	1015.00	3.00	1.81	1.81		Area 51
FA-22-507	1038.50	1041.50	3.00	2.14	2.14		Area 51
FA-22-511	402.00	403.00	1.00	7.68	7.68		Tabasco
FA-22-511	424.00	425.10	1.10	4.50	4.50		Tabasco
RIPLEY
*< 200 m Vertical Depth*
FA-22-501	292.00	300.00	8.00	0.77	0.77		Ripley
FA-22-501	309.95	331.00	21.05	0.70	0.70		Ripley
FA-22-503	308.00	314.50	6.50	0.83	0.83	VG	Ripley
FA-22-528	103.20	112.40	9.20	0.62	0.62		Ripley
*Below 200 m Vertical depth*
FA-22-479	499.40	508.00	8.60	1.80	1.80		Ripley
FA-22-483	394.50	397.50	3.00	1.74	1.74		Ripley
FA-22-483	491.30	493.50	2.20	3.96	3.96		Ripley
FA-22-496	635.00	637.25	2.25	2.43	2.43		Ripley
FA-22-496	645.50	646.95	1.45	5.67	5.67		Ripley
FA-22-503	326.00	329.00	3.00	1.76	1.76		Ripley
FA-22-503	345.00	349.00	4.00	4.18	4.18		Ripley
FA-22-505	427.00	428.50	1.50	9.70	9.70		Ripley
FA-22-505	487.00	488.50	1.50	5.16	5.16		Ripley
FA-22-508	436.00	440.05	4.05	3.84	3.84	VG	Ripley
(1) Table includes only assay results received since the latest press release dated November 08th, 2022. (2) Au cut at: 110 g/t Au for the Tabasco/Contact /Cayenne zones; 75 g/t Au for the Area 51 zones. (3) Intervals containing visible gold ("VG"). (4) Metal factor of at least 5 g/tm and minimum weighted average composite grade of 0.35 g/t Au within the 2021 MRE open pit shell and 1.5 g/t Au for outside open pit shell. New highlight from the 2022 in-fill sampling program. **Contains composite from September 28, 2022 press release. Note: True widths are estimated to be 50-80% of the reported core length intervals.

Assay QA/QC and Qualified Persons

Drill core samples from the ongoing drill program at Fenelon are cut and bagged either on-site or by contractors and transported to SGS Canada Inc. or Bureau Veritas Commodities Canada Ltd. for analysis. Samples, standards and blanks are included for quality assurance and quality control, were prepared and analyzed at the laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split is pulverized to 85% passing 75 microns. 50g samples are analyzed by fire assay and AAS or ICP. At SGS and Bureau Veritas, samples >10g/t Au are automatically analyzed by fire assay with gravimetric finish or screen metallic analysis. To test for coarse free gold and additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control.

The Qualified Person responsible for the technical content of this press release is Peter Lauder, P.Geo, Exploration Manager of Wallbridge.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.

Wallbridge’s flagship project, Fenelon Gold (“Fenelon”), is located on the highly prospective Detour-Fenelon Gold Trend Property (“Detour-Fenelon Gold Trend Property”) in Quebec’s Northern Abitibi region. A mineral resource estimate completed in 2021 validated the multi-million-ounce potential of the 100%-owned Fenelon and Martiniere properties, incorporating a combined 2.67 million ounces of indicated gold resources and 1.72 million ounces of inferred gold resources. Fenelon and Martiniere, located within an approximate 830 km2 exploration land package controlled by Wallbridge, have the potential to be developed into mines and are close to existing hydro-electric power and transportation infrastructure.

Wallbridge also holds a 19.9% interest in the common shares of Archer Exploration Corp. (CSE:RCHR) (“Archer”). Archer holds a portfolio of nickel assets in Ontario and Quebec.

Wallbridge will continue to focus on its core Detour-Fenelon Gold Trend Property while enabling shareholders to participate in the potential economic upside in Archer.

Wallbridge Mining Company Limited

Marz Kord, P. Eng., M. Sc., MBA

President & CEO
Tel: (705) 682?9297 ext. 251
Email: mkord@wallbridgemining.com

Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Investor Relations Advisor
Email: vvargas@wallbridgemining.com

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this press release.

All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”

FLI herein includes, but is not limited to, statements regarding the potential future performance of Archer common shares, future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (each an “MRE”) at the Fenelon and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.

FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and 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 future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this press release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained herein to reflect new events or circumstances, except as may be required by law. Unless otherwise noted, this press release has been prepared based on information available as of the date of this press release. Accordingly, you should not place undue reliance on the FLI or information contained herein.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.

Assumptions upon which FLI is based, without limitation, include the results of exploration activities, the Company’s financial position and general economic conditions, the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs; the ability of the Company to obtain required approvals; the evolution of the global economic climate; metal prices; environmental expectations; community and non-governmental actions; any impacts of COVID-19 on the Deposits; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are more fully discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedar.com.

Information Concerning Estimates of Mineral Resources

The disclosure in this press release and referred to herein was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used in this press release are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained in this press release providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.

Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.

Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Information regarding mineral resources contained or referenced in this press release may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.

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To: LoneClone who wrote (168983)

12/8/2022 2:08:55 PM

From: LoneClone

Cordoba Minerals and JCHX Sign Milestone Agreements to Jointly-Develop the Alacran Project in Colombia

JCHX to Acquire 50% of Cordoba's Alacran Project Stake for a Total Cash Consideration of US$100 Million

newsfilecorp.com

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2022) - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) ("Cordoba" or the "Company"), announced today that Cordoba and JCHX Mining Management Co., Ltd. ("JCHX") have agreed to a strategic arrangement for the joint-development of the company's flagship Alacran Project in Colombia.

Key terms of the milestone agreements signed on December 7, 2022:

JCHX - through a wholly owned subsidiary, will purchase a 50% ownership interest in CMH Colombia S.A.S. ("CMH"), a company existing under the laws of Colombia for an aggregate consideration of US$100 million (approximately C$136 million).

CMH will own 100% of the Alacran Project and henceforth, be the joint venture vehicle for Cordoba and JCHX in this strategic project level partnership.

JCHX will satisfy the purchase price of US$100 million as follows:

At closing of the transaction, US$40 million will be payable in cash and is expected to occur before the end of Q1 2023.

A second installment of US$40 million is payable in cash upon completion of a Cordoba board approved Feasibility Study of the Alacran Project, and the submission of the Environmental Impact Assessment ("EIA") to the relevant Colombian Government authority.

A third and final installment of US$20 million is payable in cash once the approval of the EIA is obtained, which must be within two years of the transaction's closing date. Should the EIA not be approved by the second anniversary of the closing date, JCHX will have the option to elect not to complete this third and final installment, which will result in JCHX being diluted to 40% and Cordoba increasing to a majority 60% shareholding in CMH.

JCHX will advance a bridge loan of US$10 million in cash to Cordoba, which is expected to be funded prior to the end of December 2022, following the signing of the milestone agreements and conditional upon JCHX shareholder approval. Upon closing of the transaction, the entire balance owing under the bridge loan and accrued interest will be applied towards the first installment payment as a payment in kind.

Closing of this transaction is subject to (among other customary conditions):

FOR CORDOBA: Approval from the TSXV and approval of shareholders (excluding JCHX and Ivanhoe Electric Inc.).

FOR JCHX: Approval from the Board of Directors, shareholders, China's State Administration of Foreign Exchange, and Beijing Municipal Bureau of Commerce.

The bridge loan comes into effect immediately upon execution of the Bridge Loan Agreement, with the advance occurring immediately after approval from the JCHX board and shareholders, and is expected to be by the end of December 2022. The remainder of the transaction agreements do not become effective until JCHX obtains shareholder approval, which is expected to be completed in mid-January 2023.

Relationship with JCHX

Cordoba first publicized an initial strategic relationship with JCHX on November 18, 2019, announcing a C$11 million investment by JCHX in Cordoba for a 19.9% stake. This notable transaction successfully closed on January 17, 2020, which marked the commencement of JCHX's partnership with Cordoba. Immediately following this investment, the Company welcomed Dr. Peng Huaisheng, President of JCHX Group Co., Ltd. ("JCHX Group") to the Cordoba board.

"With JCHX's continual unwavering confidence in Cordoba, it comes with no surprise when the time came for the Alacran Project to find a partner, we conclusively arrived at JCHX," commented Ms. Sarah Armstrong-Montoya, President and CEO of Cordoba.

Signing of the Investor Rights Agreement in Beijing on January 16, 2020.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

JCHX Group's Chairman, Wang Xiancheng, maintains his confidence in Cordoba and the Alacran Project by remarking: "JCHX very much appreciates partnering with a company dedicated to excellence and innovation - especially alongside a formidable female CEO, which speaks volumes about the pioneering culture of Cordoba. At JCHX, we always aspire to pave the way for distinction through determination and hard-work, and we certainly support the efforts of our partner in vigilantly establishing best ESG practices."

Key decisions to be governed by a Joint Venture Shareholders' Agreement

A Joint Venture Shareholders' Agreement ("JV SHA") will govern the strategic relationship between Cordoba and JCHX, and will set forth the general responsibility and authority of the CMH board of directors ("CMH board"), in addition to the entitlements of each shareholder. The JV SHA, which will be entered at closing, provides for among other things:

The CMH board will comprise of four individuals, of which two directors will be nominated by Cordoba and the other two directors will be nominated by JCHX; and for so long as the shareholdings in CMH remain 50%-50%, a Cordoba representative will serve as the Chairperson of the Board of Directors, and will possess a casting vote on all matters subject to a list of reserved matters.

Cordoba will be appointed as the operator and manager of the Alacran Project pursuant to a Management Services Agreement and will be responsible for setting the annual programs and budgets for the CMH board's approval.

JCHX (or its affiliate) has right of first offer to bid on the Engineering, Procurement and Construction (EPC) and Detailed Design Agreement contracts, provided that Cordoba has the right to open the process out to competitive tender; with JCHX having the right to match any competitive bid.

JCHX (or its affiliate) shall be entitled to up to 100% of the offtake from production under the current Feasibility Study of the Alacran Project, provided that they are paying fair market value and they are the most competitive offer (including a matching right for other third-party proposals).

During a site visit by JCHX to Colombia in April 2022, Dr. Huaisheng Peng, President of JCHX Group (left), and Ms. Sarah Armstrong-Montoya, President and CEO of Cordoba (center), met with Mr. Orlando Benítez Mora, the current Governor of the Córdoba region (right).

To view an enhanced version of this graphic, please visit:
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"As a fellow mining veteran, I must say it has not been easy for our industry to operate during a global pandemic. But what I have witnessed during this unprecedented time, is Cordoba's commitment to its employees and stakeholders, and it was particularly noticeable on the visit to the Alacran Project earlier this year," commented Dr. Huaisheng Peng, President of JCHX Group.

Ongoing drilling confirms the metrics of the 2022 Pre-Feasibility Study

Cordoba continues to steadily advance the Feasibility Study for the Alacran Project, and throughout the course of the 2022 in-fill drilling program, the company announced several compelling high-grade copper visual intercepts - which are typically associated with gold, that further confirm the various metrics presented in the Pre-Feasibility Study ("PFS") issued in January 2022 and entitled "NI 43-101 Technical Report and Prefeasibility Study, San Matias Copper-Gold-Silver Project, Colombia", effective January 11, 2022 (available on SEDAR at www.sedar.com).

	After Tax	Pre Tax
Total Initial Capital Costs	US$435 M
Unlevered Free Cash Flow	US$873 M	US$1,388 M
NPV (8% discount)	US$415 M	US$735 M
IRR	25.4%	36.1%
Payback	2.9 Years	2.2 Years

Long-term consensus pricing for Cu is US$3.60/lbs, Au is US$1.650/oz, Ag is US$21/oz

In the latest series of drilling announcements by the Company, assay results continue to demonstrate high-grade copper-gold mineralization within the Alacran Deposit and confirm the strong correlation with the PFS block model. An updated mineral resource estimate will be prepared after completion of the current 25,000-m in-fill drilling program to capture the shallow high-grade zones identified in the core of the resource area and also the multiple Carbonate Base Metal veins intersected in high-grade structures.

A drill rig currently at the Alacran Project completing the 25,000-m initial phase of the 40,000-m in-fill drilling program.

To view an enhanced version of this graphic, please visit:
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"It is a huge advantage to have a vastly experienced mining and construction expert join us at the project level to support the development of the Alacran Project, especially given that JCHX brings the added benefit of being very familiar with Cordoba," commented Ms. Sarah Armstrong-Montoya, President and CEO of Cordoba. "Furthermore, during my tenure at this Company, I have witnessed JCHX's willingness to step up as a partner and espouse the objectives and vision of the Company - which unequivocally includes expanding the array of opportunities for the Colombian people and help broaden the already synergistic Sino-Colombian relationship."

The Alacran Project deemed of national significance to the Colombia Government

The Alacran Project is positioned to be the largest copper mine in Colombia in the near future. The Colombian Government along with industry specialists have unanimously deemed the copper metal fundamentally imperative for the new electrification and transitional energy era.

In 2018, the Alacran Project was declared a "Project of National Interest" by the Colombian Government, which denotes a significantly high priority for the country. As such, Cordoba continues to be met with exceptional enthusiasm by the Alacran Project host nation.

Situated in the south of the Córdoba region within the municipality of Puerto Libertador, the Alacran Project is determined to make significant environmental and social contributions to the host communities. Examples of current programs include:

Environmental Conservation Initiative: A program enabling the Company to work alongside the local communities in inducing environmental conservation;

Community Outreach Programs: The outreach programs are designed to cover all demographics of our local communities, including supporting women in pursuing a path of entrepreneurship;

Sustainable Future Mission: A mission focused on facilitating the economic empowerment of the surrounding communities by equipping future generations with the necessary proficiencies and resources to develop long-lasting and self-sustaining businesses.

Community Outreach Program

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Environmental Conservation Initiative

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Global investor call with Cordoba's senior management on Monday, December 12, 2022

Cordoba's senior management team will host a global investor call on Monday, December 12, 2022, at 11:00 AM PST to discuss the details of this strategic partnership with JCHX and also provide a general corporate update. Details of the call will be sent via email to registered parties of Cordoba's e-mailing list and also posted on the Cordoba website, please visit, www.cordobaminerals.com.

Related Party Transaction

The transactions with JCHX constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") because JCHX and its affiliates are significant (holding, in aggregate, greater than 10%) shareholders of Cordoba. In addition, another significant shareholder of Cordoba, Ivanhoe Electric Inc. ("Ivanhoe"), stands to benefit from the transaction as part of the proceeds will be used to repay certain debt owed to Ivanhoe by Cordoba. Consequently, the transaction is subject to minority shareholder approval requirements set forth in MI 61-101.

The transactions will require the approval of a simple majority of the votes cast at a special meeting of Cordoba shareholders ("Cordoba Meeting"), that will exclude JCHX and Ivanhoe and their respective affiliates, and any other persons required to be excluded in accordance with MI 61-101 of the Canadian securities regulatory authorities. As a related party transaction, the board of directors of Cordoba (the "Board") constituted a special committee of independent directors (the "Special Committee") for the purposes of, among other things, considering the transactions, reviewing, directing and supervising the process to be carried out by the Company and its professional advisors in assessing and negotiating the transaction, and considering and making recommendations to the Board with respect to the transaction. The Special Committee is composed of Mr. William Orchow as chair, and Dr. Diane Nicolson. In considering the transaction the Special Committee retained Osler, Hoskin & Harcourt LLP as its independent legal counsel and Haywood Securities Inc. ("Haywood") as its independent financial advisor.

Haywood has provided a fairness opinion in respect of the transactions. The Company is exempt from the requirement to obtain a formal valuation in accordance with MI 61-101. A copy of the fairness opinion will be included in the management information circular to be sent to Cordoba shareholders. In addition, Haywood has provided an opinion to the Special Committee, stating that, in their opinion and subject to the assumptions, limitations and qualifications contained in the fairness opinion, as of the date of the fairness opinion, the consideration to be paid pursuant to the transactions is fair, from a financial point of view, to the shareholders of the Company (other than JCHX and its affiliates). After careful consideration and deliberation, the Special Committee determined that the transactions are in the best interests of Cordoba and are fair to shareholders of the Company (other than JCHX, and its affiliates) and unanimously recommended to the Board that the Board approve the transactions. Following receipt of the unanimous recommendation by the Special Committee, the Board determined that the transactions are in the best interests of Cordoba and are fair to shareholders of the Company (other than JCHX and its affiliates) and unanimously approved the transactions.

Further information regarding the transactions will be contained in a management information circular that Cordoba will prepare, file and mail to its shareholders in advance of the Cordoba Meeting. Copies of the main transaction documents and management information circular will be available in due course on SEDAR at www.sedar.com.

Technical Information & Qualified Person

The technical information in this release has been reviewed, verified and approved by Mark Gibson, P.Geo., a Qualified Person for the purpose of National Instrument 43-101 - Standards of Disclosure for Mineral Project ("NI 43-101"). Mr. Gibson is the Chief Operating Officer of Cordoba and of Ivanhoe Electric Inc., Cordoba's majority shareholder, and is not considered independent under NI 43-101. Further information about the Pre-Feasibility Study and accompanying reserve estimate, including a discussion about assumptions, parameters, methods and risks, can be found in the PFS Technical Report.

About JCHX

Established in 1997, through its continuous and rapid development, JCHX Mining Management Co., Ltd has become one of the top mining construction companies in China. The Company is mainly engaged in mine development and construction, contract mining and research & development of mining technologies.

JCHX is capable of providing comprehensive and professional services to the industry, as it has built a reputation for its integrity and credibility. The Company specializes in underground mine development and construction, and production mining, especially in large-section declines and tunnels development. With an extensive fleet of mining equipment supported by highly trained employees, the Company can provide solutions for a variety of projects, even those with the most complex geological conditions.

JCHX strives to build safe and eco-friendly projects with the spirit of high quality and efficiency through cost-effective approaches.

JCHX is completing the underground development at the Kamoa-Kakula Copper Project, after recently completing construction of the twin production declines. The Kamoa-Kakula Copper Project is located in the Democratic Republic of Congo and is jointly operated by Ivanhoe Mines and Zijin Mining Group. More information on JCHX and their current projects is available on their website: www.jchxmc.com.

About Cordoba

Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-Gold-Silver Project, which includes the Alacran deposit and satellite deposits at Montiel East, Montiel West and Costa Azul, located in the Department of Cordoba, Colombia. Cordoba also holds a 51% interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture and Earn-In Agreement. For further information, please visit www.cordobaminerals.com.

ON BEHALF OF THE COMPANY
Sarah Armstrong-Montoya, President and Chief Executive Officer

Information Contact

Ran Li +1-604-689-8765
info@cordobamineralscorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, but not limited to, statements with respect to the transactions with JCHX, the expected approvals and closing of the transactions, the funding of the bridge loan, the use of proceeds from the transactions, the benefits of the transactions, the JV SHA, the preparation of an updated mineral resource statement; geological interpretations; Feasibility Study; Environmental Impact Assessment permitting; community engagement activities; results of the current exploration and interpretations thereof; mineralization potential; and contemplated drilling and development programs. Forward looking-statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Cordoba operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. Such assumptions and estimates include, but are not limited to, obtaining the necessary approvals and consents to complete the transactions with JCHX, assumptions with respect to the status of community relations and the security situation on site and in Colombia; general business and economic conditions; continuity of drilling programs; the availability of additional exploration and mineral project; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners and significant shareholders; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include failure to obtain necessary consents and approvals, conditions to the completion of the transactions not being satisfied, actual exploration results, continuity of drilling programs, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, uncertainties relating to epidemics, pandemics and other public health crises, including COVID-19 or similar such viruses, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.

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To: LoneClone who wrote (168984)	12/8/2022 3:12:22 PM
From: LoneClone	of 170872

Generic Gold Announces 1,500 m Drill Program Targeting High Priority EM Plates on Belvais Project, Québec newsfilecorp.com Toronto, Ontario--(Newsfile Corp. - December 6, 2022) - Generic Gold Corp. (CSE: GGC) (FSE: 1WD) (OTCQB: GGCPF) ("Generic Gold" or "Generic" or the "Company") is pleased to announce that it has obtained the required permits for a new 1,500-metre diamond drill program on the Belvais Project, located in the northwestern region of Québec's Abitibi greenstone belt. The program is to follow up on high-priority EM (electromagnetic) targets that were discovered in the recently completed BHEM (borehole electromagnetics) program. The strongest and highest priority of these BHEM anomalies lies only 25m under surface and is approximately 1.2km south of Starr Peak Mining's recent drilling on their Normetmar VMS deposit. Figure 1 demonstrates three of the planned diamond holes (yellow collars) with their associated EM plates (orange) that are being targeted. The drill rig is set to mobilize mid-week and begin drilling immediately after. The BHEM technique has seen great success in the immediate area with neighbouring Starr Peak Mining (TSXV: STE), which has successfully converted its BHEM anomalies into VMS targets, and was their main discovery tool at the NewMétal property (see Starr Peak Press Release dated February 23, 2021), which borders Generic's, Belvais property. The Chicobi belt has seen a renewed exploration focus over recent years, largely due to numerous high-grade gold discoveries by bordering Amex Exploration (TSX-V: AMX). The area is historically very underexplored for gold and has the potential to become another major gold producing belt of the Abitibi, all in the while remaining highly prosperous for further VMS discoveries. Neighbouring Amex Exploration has been recently named Exploration Company of the Year at Mines and Money London, highlighting the quality of assets in the immediate area. As shown in Figure 2, the Belvais project lies directly south-east of Amex Exploration's Perron Project, which recently announced a new VMS discovery (the QF Zone) along the Normétal Mine Sequence (see Amex Press Release dated August 9, 2021), and is also directly east and south-east of Starr Peak's NewMétal project, which announced high-grade VMS mineralization on their Normetmar target (see Starr Peak Press Release dated May 4, 2021). Both of these new discoveries occur along the Normétal Fault which is of particular significance for Generic Gold, as the Company holds over 20 km of the Normétal Fault on its Belvais claims and is one of the largest landholders in the area with 12,563 hectares. Figure 1: Location of planned holes P-GEN-22-22A to 24A (yellow collars) with their associated EM plates (orange) being targeted, with TMI (total magnetic intensity) shaded in the background Note the proximity to the town of Normétal, the historic Normétal VMS mine, the important Normétal fault and Normetmar deposit currently being advanced by Starr Peak Mining. To view an enhanced version of this graphic, please visit: images.newsfilecorp.com Figure 2: Generic Gold's Belvais project with respect to Amex Exploration's Perron project and Starr Peak's NewMétal project, noting the highlighted Normétal Mine Horizon sequence (shown in blue) of which Generic holds up to 18km of. To view an enhanced version of this graphic, please visit: images.newsfilecorp.com Qualified Person Aaron Stone P.Geo, (OGQ - 2170), Vice President Exploration of Generic Gold and Qualified Person ("QP") as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The Qualified Person has not completed sufficient work to verify the historical information on the Property and in the vicinity, particularly in regards to historical drill results and historical mine production. However, the Qualified Person believes that these results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results. Also, mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property. About Generic Gold Generic Gold is a Canadian mineral exploration company focused on gold projects in the Tintina Gold Belt in the Yukon Territory of Canada and the Abitibi Greenstone Belt in Quebec, Canada. The Company's Quebec exploration portfolio consists of four properties covering 12,563 hectares proximal to the town of Normétal, and east of Amex Exploration's Perron project and the past-producing Normétal mine. The Company's Yukon exploration portfolio consists of several projects with a total land position of greater than 35,000 hectares, all of which are 100% owned by Generic Gold. Several of these projects are in close proximity to significant gold deposits, including Goldcorp's Coffee project, Victoria Gold's Eagle Gold project, White Gold's Golden Saddle project, and Western Copper & Gold's Casino project. Generic Gold's board of directors and management team is led by experienced mining industry professionals, with expertise in exploration, finance, capital markets, and mine development. For information on the Company's property portfolio, visit the Company's website at www.genericgold.ca. For further information contact: Generic Gold Corp. Aaron Stone, VP Exploration Tel: +1 (514) 235-6012 astone@genericgold.ca NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATION SERVICES PROVIDERS ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Certain statements in this press release are "forward-looking" statements within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. We seek safe harbour.

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To: LoneClone who wrote (168985)	12/8/2022 3:13:45 PM
From: LoneClone	of 170872

Golden Spike Expands Gregory River Property and Provides Corporate Update accesswire.com Wednesday, December 7, 2022 7:30 AM VANCOUVER, BC / ACCESSWIRE / December 7, 2022 / Golden Spike Resources Corp. (CSE:GLDS) ("Golden Spike" or the "Company") is pleased to announce that it has added two key mineral licences to the existing Gregory River Copper-Gold property (the "Property"), located in Newfoundland and Labrador, bringing the overall land position to 3,425 hectares. Highlights: Addition of two licences further consolidates Golden Spike's strategic land position over the Gregory River Volcanogenic Massive Sulphide ("VMS") belt. Numerous high-priority targets, including the Steep Brook and Lode 9 VMS prospects, and five, high-grade copper ±gold vein prospects added to the Property position. Existing Option Agreement is amended to include the two new licences and therefore no new payments are required to the vendor beyond the current Option Agreement. Golden Spike's President and CEO, Keith Anderson commented, "We are very excited to announce this important increase to our land position at our 100%-controlled Gregory River Property. These new licences remove two important gaps and further consolidate Golden Spike's land position in this very prospective VMS-belt. The ground covered by the new licences includes several historically explored VMS and vein-style prospects, which greatly enhance the Property's potential for new discoveries. Over the next several weeks the Company will further review the historical work completed over these licences and incorporate this ground into future exploration programs." Amended Gregory River Copper-Gold Property Option Agreement On December 6, 2022, the Company signed an amendment to the existing Option Agreement with the Optionors, whereby Golden Spike can acquire a 100%-interest in the Gregory River Copper-Gold Property (refer to September 20, 2022, press release, "Golden Spike Issues Shares Under Gregory River Option Agreement"), subject to a 2% net smelter returns royalty interest (the "NSR") of the Optionors calculated in accordance with the Option Agreement. At any time following the completion of the Option exercise, the Company will have the right to purchase one-half of the NSR from the Optionors for $1,500,000, leaving the Optionors with a 1% NSR. The amended agreement now includes two additional mineral licences (034159M, comprised of 5 claims covering 125 hectares, and 034158M, comprised of 8 claims covering 200 hectares), which bring the total land area of the Property to 3,425 hectares, covered by 17 mineral licences comprised of 137 map-staked claims ("the Amended Option Agreement") (Figure 1). All other terms of the Amended Option Agreement remain the same as original Option Agreement. Figure 1: Gregory River Property land tenure, showing newly acquired licences and targets. Overview of Gregory River Property and the New Licences The Property is strategically centered over an approximate 11-kilometer-long stretch of the Gregory River VMS-belt, a north-northeast trending corridor of very prospective ground with potential to host "Cyprus-type"[1] polymetallic VMS deposits (Figure 1). In addition, the Property hosts a cluster of high-grade, copper ±gold vein structures that occur mainly in the northeast quadrant of the Property (the "Vein Zone"). The licences are well located in terms of infrastructure, just 42 km north-northwest of the city of Corner Brook, and 53 km west of the city of Deer Lake. [1] Cyprus-type (also known as mafic-type) volcanogenic massive sulphide ("VMS") deposits are commonly polymetallic, copper-rich, stratabound mineral deposits, hosted by submarine mafic-volcanic rocks that form on, or near the seafloor at mid-ocean ridges and back-arc basins in an extensional tectonic regime. The addition of the two licences removes some crucial gaps in the land position and adds significant mineral exploration potential to the Property, for both VMS- and vein-style copper and gold mineralization. Historically explored VMS prospects, Steep Brook and Lode 9 are both added to the Property, and in the north, five vein-style prospects, including Palmer, Hall, Lode 6, Lode 7, and Lode 2 are also added to the inventory. Some of the significant newly added prospects are briefly described below: Steep Brook Prospect Steep Brook is an early-stage prospect strategically located in the southern part of the Property (Figure 2) within the Gregory River VMS-belt and in proximity to the Gregory River Fault. The prospect area is underlain by mafic pillowed basalts of the Bay of Islands Complex and is considered to be in a very favourable environment to host Cyprus-type VMS deposits. Historical exploration by Duval International (1982-1984), Noranda (1990) and Playfair Mining (2005, 2008), identified numerous outcrops intermittently exposed along a north-northeast trending creek bed over an approximate one-kilometre distance, many displaying widespread alteration (chloritization, silicification, carbonatization) and disseminated to semi-massive chalcopyrite and pyrite mineralization. A total of 122 historical float, grab and chip samples returned highly anomalous assays with 56 samples returning values greater than 1% copper. Sample results are in the following ranges: Copper: 0.01% to 19.6% (average 3.15%), Zinc: trace to 11.2% (average 0.21%), Gold: trace to 27.4 grams per tonne ("g/t") (average 1.0 g/t), Silver: trace to 20.9 g/t (average 4.4 g/t). Duval's sampling included three rock chip samples collected from a one-metre-wide quartz-carbonate vein that returned an average grade of 11.5 g/t Au and 1.14% Cu indicating the potential for structurally controlled lode gold-copper mineralization. Noranda completed a 1,000-metre by 1,500-metre grid of soil samples, which revealed a north-northeast trending, 1,100 metre-long, >100 parts per million ("ppm") copper soil anomaly, with grades as high as 4,700 ppm copper. Gold was not analysed for this survey. The majority of the soil anomaly occurs west of, and topographically higher than the mineralized outcrops in the creek bed, in an area with few outcrops that remains untested by surface trenching or drilling (Figure 2). Figure 2: Steep Brook target area Prior to completing their sampling program, Duval drilled core hole, CC-2 to 137 metres depth, however it was collared too far east to test the depth potential of either the copper soil anomaly or the anomalous surface rock samples. Even so, the hole intersected highly anomalous results including 66 m @ 0.12% copper and 0.19 g/t gold. No follow-up was ever completed over this target area. Lode 9 Prospect The Lode 9 Prospect occurs in the northern portion of the Property and similar to Steep Brook, is in a very favourable lithological and structural environment to host VMS-style mineralization. The area was explored by Noranda in 1991, who completed geological mapping, a soil survey, ground geophysics (magnetics, VLF, HLEM) and four wide-spaced diamond drill holes. The soil survey revealed a 1,200 metre long, north trending, >100 ppm copper soil trend with values as high as 1,000 ppm that remains open to the north. The survey was also assayed for zinc, with the resulting >100 ppm anomalies overlapping with many of the copper soil trends and with individual soil samples as high as 4,000 ppm zinc. Most of these soil anomalies remain untested by drilling. In 1991 Noranda completed four wide spaced drill holes, one hole at Lode 9, two testing an EM anomaly 380 metres northwest of Lode 9 and one hole testing a narrow copper showing approximately 1,200 meters to the north of Lode 9. Significant assay results were returned from the hole at Lode 9, as follows: DDH G-91-2: 0.93% copper and 0.27 g/t gold over 20.2 m (from 38.0 to 58.2 m) Including, 2.12% copper and 0.60 g/t gold over 7.2 m (51.0 to 58.2 m) This target has never been followed up with additional drilling. The drill results shown above for the Steep Brook and Lode 9 prospects are historical in nature, having been reported by previous exploration companies. A qualified person has not done sufficient work to verify or validate these analytical data, as the historic core is no longer available for sampling and therefore these results should not be relied upon. Insufficient drilling has been completed at the Steep Brook and Lode 9 prospects to determine the true widths of the intervals. Palmer/Hall Veins The Palmer and Hall veins are part of a cluster of at least eleven, high-grade copper ± gold vein prospects within a 3 by 2.3-kilometre, oval shaped target area (the "Vein Zone") in the northeastern part of the Property (Figure 1). Based on historical reports, the Palmer and Hall veins both average in the range 2% - 6% copper over widths averaging around 1.5 metres. These veins are among the initial copper vein discoveries in the district back in the 1920's. Palmer was explored through a 90-metre adit (no longer accessible) and several surface trenches, which reportedly traced the west-trending structure for about 150 meters. In addition, drill logs from 11 shallow underground and surface drill holes at Palmer and Hall from 1957-1958 provide an indication of the potential for additional chalcopyrite-pyrite mineralized vein structures that may occur adjacent to the known veins, however analytical results were not included in most of the historical drill logs available to the Company. Other known veins in the vicinity of Hall and Palmer veins include, Lode 2, Lode 6, and Lode 7, which have only seen limited surface sampling and have never been drill tested. The QP has not yet visited all of the prospects, which are part of these new licences and thus cannot validate the historical databases, nor the results of the historical work presented, however, the QP will complete a site visit at the earliest opportunity. Historical surface sampling programs at many of the prospects was completed by several companies, including majors RioCanex (Rio Tinto) and Noranda, who both reported copper values in similar high-grade ranges to the earlier sampling programs, along with anomalous values of other metals, including gold. It is believed that these companies would have had sampling methodologies and quality control processes in place that were considered industry-standard for that time and therefore the QP feels that it is reasonable to report these surface and drill results as historical and to use them as a guide for future exploration at these prospects. In the coming weeks the Company will continue to compile the historical exploration information from prospects located within these two new licences and use this data to develop and fine-tune our Phase 2 exploration program (refer to press release dated November 9, 2022, "Golden Spike Initiates Field Program Over Gregory River Property".) Camping Lake Property The Company has reviewed the results of the 2021 exploration program over the Camping Lake Property in the Red Lake Mining Division, Ontario, which comprised a grid of soil samples over the eastern portion of the property. In general, the analytical results for gold and other elements were low and only a few isolated anomalous soil results were returned. Based on this, and the Company's decision to focus future exploration efforts on the Gregory River Property, the Company has advised Northbound Capital Corp., the vendor of Camping Lake that it has terminated the option agreement. Stock Option Grant The Company's Board of Directors has approved the granting of an aggregate of 1,850,000 stock options to directors, officers and consultants of the Company exercisable at a price of $0.25 per common share for a period of five years from the date of grant. The grant is subject to the terms and conditions of the Company's existing stock option plan and is subject to the approval of the CSE and all regulatory requirements. All stock options granted are subject to a four-month statutory hold period. Qualified Person The scientific and technical information in this news release has been reviewed and approved for disclosure by Mr. Robert Cinits, P.Geo, a director of the Company and a "Qualified Person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). To the best of his knowledge, the technical information pertaining to the Property and discussion of it as disclosed in this news release is neither inaccurate nor misleading; however, the technical information presented in this news release comprises paper records maintained by various companies that conducted exploration work on the Property. Details of the sampling methods, security, assaying, and quality control methods used in the generation of this historical technical data are unknown to the Company and the results discussed herein cannot be and have not been verified by Mr. Cinits for the purposes of National Instrument 43-101 and should not be relied upon. About Golden Spike Golden Spike Resources Corp. (CSE:GLDS) is a Canadian mineral exploration company focused on identifying, acquiring and unlocking value in mineral opportunities in Canada and other low-risk jurisdictions. The Company currently holds the rights to acquire 100% interest in the 3,425-hectare Gregory River Property in Newfoundland, strategically centered over an approximate 11-kilometer-long stretch of the Gregory River VMS-belt, a north-northeast trending corridor of very prospective ground with potential to host Cyprus-type polymetallic VMS deposits. In addition, the Property hosts a cluster of historically explored, high-grade, copper ±gold vein structures. ON BEHALF OF THE BOARD OF DIRECTORS Keith Anderson Golden Spike Resources Corp. 830 - 1100 Melville St., Vancouver, BC, V6E 4A6 +1 (604) 786-7774 info@goldenspikeresources.com www.goldenspikeresources.com "Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release." Cautionary Note Regarding Forward-Looking Statements This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding: the intention of the Company to proceed with the exercise of the Option under the Option Agreement on the terms and conditions set out therein, the Company's expectations to make the cash payment, issue the Subsequent Consideration Shares, and incur the expenditures as required by the Option Agreement, the Company's intention to perform the balance of its obligations under the Option Agreement, the anticipated content and timing of commencement of planned exploration programs, any anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions that the Company will have the resources required to perform the balance of its obligations under the Option Agreement, that the Company's cost and timing expectations are accurate, that capital and financing will be available if and when needed and on reasonable terms, that general business and economic conditions will not change in a material adverse manner and that the Company and its operations will not be adversely impacted by COVID-19, or other potential pandemics, or the ongoing conflict in eastern Europe. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the volatility of global capital markets, political instability, unanticipated costs, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the lack of availability of capital and financing, general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risk that future exploration results do not replicate historical results or that the Company is unable to identify new mineralized targets, increase in costs, litigation, failure of counterparties to perform their contractual obligations, and those risks, uncertainties and factors set forth in the Company's disclosure record under the Company's profile on SEDAR at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information contained herein. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information disclosed herein, except in accordance with applicable securities laws. SOURCE: Golden Spike Resources Corp.

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To: LoneClone who wrote (168986)	12/8/2022 3:15:04 PM
From: LoneClone	of 170872

Great Atlantic’s Prospecting Identifies New ANOMALOUS GOLD Zone at its 100% Owned East Golden Promise Gold Property Central Newfoundland accesswire.com Wednesday, December 7, 2022 9:00 AM VANCOUVER, BC / ACCESSWIRE / December 7, 2022 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the "Company" or "Great Atlantic") is pleased to announce it has received gold assays for rock samples collected during 2022 prospecting at it's East Golden Promise Gold Property, located in central Newfoundland and immediately east of the Company's flagship Golden Promise Gold Property. Multiple rock samples collected within the east region of the East Golden Promise Property returned anomalous values for gold. Quartz vein sample from the East Golden Promise Property The 2022 prospecting program was focused within the east region of the East Golden Promise Property. A total of 22 rock samples were collected during the program. Samples were collected from bedrock exposures, loose rock fragments near bedrock and float boulders. Eight rock samples returned anomalous gold values in the 0.010 to 0.084 parts per million (ppm or grams per tonne) range. Rock samples from bedrock and loose rock near bedrock from a small area less than 10 square meters returned the highest gold values. Sample 431804 from bedrock of meta-sandstone with quartz veins and sulfide mineralization returned 0.044 ppm gold. Samples 431806 and 431807 from loose rock (meta-sandstone with quartz veins and sulfide mineralization) near bedrock returned gold values of 0.073 ppm gold and 0.084 ppm gold. The 2022 rock samples from the East Golden Promise Property were analysed for gold by ALS Canada Ltd. by Fire Assay - AAS. ALS Canada Ltd. is independent of Great Atlantic. Great Atlantic collected soil samples in this area during 2022 of which the analytical results are pending, the company does anticipating expanding the grid in 2023 if results are also anomalous. Great Atlantic is planning further focused work at the East Golden Promise Property during 2023, being focused within the east region of the property with the area of samples 431804, 431806 and 431807 being a priority area for additional work. Additional soil and rock geochemical sampling are planned. Pending results of this work, trenching is planned. 2022 rock Samples at East Golden Promise The East Golden Promise Property is located immediately east of the Company's Golden Promise Property, which host gold bearing quartz veins and quartz vein systems. The East Golden Promise Property is located within the Exploits Subzone of the Dunnage Zone. Recent significant gold discoveries within the Exploits Subzone include those of Marathon Gold Corp. (TSX.MOZ) at the Valentine Gold Project, Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and New Found Gold Corp. (TSXV.NFG) at the Queensway Project. Readers are warned that mineralization at the Valentine Gold Project, Moosehead Gold Project, Queensway Project and the Golden Promise Property is not necessarily indicative of mineralization at the East Golden Promise Property. Access to the East Golden Promise Property is excellent with a gravel road transecting the property. The property covers an area of approximately 1,125 hectares and is 100% owned by the Great Atlantic. David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release. On Behalf of the board of directors "Christopher R Anderson" Mr. Christopher R. Anderson President CEO Director 604-488-3900 - Office Investor Relations: 1-416-628-1560 IR @ GreatAtlanticResources.com About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions. Neither 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. Great Atlantic Resource Corp. 888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 SOURCE: Great Atlantic Resources Corp.

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