Brien Lundin Commentary – Thu 14 Feb, 2019

Outlining Some Standout Metals Stocks

Brien Lundin joins me today with a general look at the sideways move in gold. Even without a gold breakout there are some stocks that are performing very well and some with good drill programs on deck. We outline what it takes to move a junior metals stock higher in this environment.

Click here to visit the New Orleans Investment Conference website and start planning your trip in November.

Company Updates From Management – Wed 13 Feb, 2019

Miramont Resources – Updates On The Current Drill Program

Bill Pincus, Miramont Resources (CSE:MONT & OTCQB : MRRMF) President and CEO joins me to provide some more details and an update on how the current drill program at the Cerro Hermosso project in Peru was progressing. Ever since the permits were received back in December the stock has been moving up nicely. We also get an update on the finances of the Company and when the drill results are expected.

Please email me with any questions for Bill (Fleck@kereport.com) or click on the link below and sign up for a call on the Miramont website.

Click here to visit the Miramont Resources website for more Company information.

Company Updates From Management – Tue 12 Feb, 2019

Goldplay Exploration – Further Insights Into The Updated Resource

Goldplay Exploration (TSX.V:GPLY & OTCQB:GLYXF) released an updated resource on its San Marcel project last week. The full release is linked below. I chatted with the President and CEO Marcio Fonseca to get some more information on the resource. He breaks down the importance of open pit and underground components and has some comments on the Breccia component. We also discuss the exploration work that will now be undertaken to grow the overall resource.

Click here to read over the full news release (it will open in a new tab so you can continue to listen to the interview).

Company News – Thu 7 Feb, 2019

Osisko Metals – More High Grade Results From Key Anacon

The news below was released today from Osisko Metals. The drill results from the Key Anacon Project are more high grade zinc and lead intercepts over 20 meters. We also get an update that the resource is expected in Q1 of this year. Read below for the full news release.

Also if you have any questions for the team at Osisko Metals please email me at Fleck@kereport.com. I will be chatting with Jeff Hussey in the later afternoon tomorrow.

Click here to visit the Osisko Metals website for more information on the Company.

Here’s the news…

MONTREAL, Feb. 07, 2019 — Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB5) is pleased to announce assay results from 10 drill holes from the Main Zone of its wholly owned Key Anacon project, located 20 km south of the city of Bathurst, New Brunswick.

Two drill holes targeted the core of the Main Zone in order to confirm historical drill results. Drill hole KAMZ-18-27intersected 20.70 metres of massive sulphides grading 7.92% zinc, 4.72% lead, 0.19% copper and 185.39 g/t silver (see Main Zone Longitudinal map and Table 1).  Additionally, drill hole KAMZ-18-28 drilled 8.86 metres grading 9.13% zinc, 3.61% lead, 0.01% copper, and 132.87 g/t silver.

Table 1: Highlights of Significant Zinc-Lead and Copper intercepts; full details in Tables 2 and 3.

KEY ANACON MAIN ZONE – HIGHLIGHTS
Hole NameFromToWidthZnPbCuAgZn+Pb
(m)(m)(m)%%%g/t%
KAMZ-18-24483.00488.005.004.221.170.0448.985.39
KAMZ-18-27197.00202.65.601.300.171.7525.721.47
KAMZ-18-27204.10214.1010.004.220.830.4435.985.05
KAMZ-18-27253.40274.1020.707.924.720.19185.3912.64
KAMZ-18-28398.60407.468.869.133.610.01132.8712.74

Jeff Hussey, President and CEO of Osisko Metals, commented: “We are very pleased with the robust grade and continuity of the Main Zone. These drill results continue to demonstrate that the Key Anacon project is one of the best undeveloped assets in the Bathurst Camp. We are in the process of compiling the 22,000m of 2018 drill results in both the Main and Titan Zones. We look forward to releasing a NI43-101 Mineral Resource Estimate in the first quarter of 2019.”

About Key Anacon

The Key Anacon project is located approximately 20 km south of the town of Bathurst, New Brunswick and 16 km southeast of the former Brunswick No.12 mine. It is accessible by paved roads. The property contains two known Bathurst-type volcanogenic massive sulphide deposits containing zinc, lead, copper and silver. The Key Anacon Main Zone and Titan Zone deposits are situated at the same stratigraphic horizon that hosted the Brunswick No. 12 & No. 6 mines. The property covers approximately 12 kilometres of favorable Nepisiguit Falls stratigraphy that also extends onto the surrounding claims held 100% by Osisko Metals.

No mineral resource estimates have been calculated under NI43-101 guidelines. Except for exploration programs conducted in 1992-1993 and 2000, almost all of the drilling was completed in the 1950’s and 60’s, prior to currently required standards for quality assurance and quality control. The earlier drilling led to the establishment of a 460-metre-deep shaft, a ventilation raise, eight levels and three sub-levels at the Main Zone. The Government of New Brunswick, Department of Energy and Resource Development, Energy and Mines Division reports the Main Zone deposit as having a historical resource (Non-NI 43-101 compliant) of 1.87 million tonnes grading 6.93% Zn, 2.63% Pb, 0.16% Cu, and 84 g/t Ag (R. Irrinki, 1988, unpublished) in multiple folded lenses. The deposit is open at depth and along strike.

Exploration potential at Key Anacon and the Company’s adjacent properties is considered to be excellent on the basis of the presence of the Brunswick Horizon stratigraphy and the expansive zones of mineralization and alteration. Both the Titan Zone and Main Zone are open at depth and along strike. Exploration and development in the 1950’s and 1960’s were terminated due to the pullback of the zinc commodity price at that time. Since then, only two minor exploration programs were conducted by major mining companies.

Osisko Metals would like to thank the New Brunswick government for the financial grant awarded through the New Brunswick Junior Mining Assistance Program (NBJMAP). Through their continued support of the industry, Osisko Metals has used the grant for work at Key Anacon, to develop this premier asset in the Bathurst Mining Camp.

Table 2: Drill hole composite assay intervals.

Hole NameFromToDrilled 
Width
True 
Width
ZincLeadCopperSilverLead + 
Zinc
(metres)(metres)(metres)(metres)%%%g/t%
KAMZ-18-18155.00179.0024.004.170.750.240.012.340.99
KAMZ-18-20No significant assays
KAMZ-18-21287.60294.306.704.732.800.860.0340.383.66
KAMZ-18-22368.50377.008.504.882.920.790.0220.763.71
KAMZ-18-23723.10742.7019.6015.010.670.180.017.040.85
KAMZ-18-24483.00488.005.002.504.221.170.0448.985.39
KAMZ-18-25326.65330.603.952.271.510.330.0014.281.84
KAMZ-18-26266.15270.304.152.670.580.160.005.130.74
KAMZ-18-27197.00202.605.604.001.300.171.7525.721.47
KAMZ-18-27204.10214.1010.007.074.220.830.4435.985.05
KAMZ-18-27222.10228.106.004.244.161.450.0114.725.61
KAMZ-18-27253.40274.1020.7013.307.924.720.19185.3912.64
KAMZ-18-27284.10290.106.003.861.780.360.0413.032.13
KAMZ-18-28330.00335.005.002.872.390.610.039.683.00
KAMZ-18-28398.60407.468.865.709.133.610.01132.8712.74

Note: Estimated True Widths are based on local geometry of mineralization adjacent to each drill hole.

Table 3: Drill hole information and location in New Brunswick Double Stereographic Projection (NBS).

Hole NameEastingNorthingElevationAzimuthDipDepth 
(metres)
KAMZ-18-182,560,2877,604,66662245-70389
KAMZ-18-202,560,2677,604,70761246-58296
KAMZ-18-212,560,6607,603,8976451-58365
KAMZ-18-222,560,6607,603,8976453-66419
KAMZ-18-232,560,2457,603,9795753-55798
KAMZ-18-242,560,6597,603,8976456-74535
KAMZ-18-252,560,6317,603,9586447-66377
KAMZ-18-262,560,6317,603,9586447-58302
KAMZ-18-272,560,4037,604,2126341-54401
KAMZ-18-282,560,4977,604,1346257-65510

Note regarding historical resource and Qualified Person

The above-mentioned historical resources do not conform to National Instrument 43-101 standards. The Company is reporting the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work to verify the historical estimates and these should not be relied upon for investment purposes. A Qualified Person has not done sufficient work to classify the historical estimates as NI43-101 compliant mineral resources and there is no guarantee that such work will allow conversion of such historical resources.

Mr. Charles Kodors is the Qualified Person responsible for the technical data reported in this news release. He is a Professional Geologist registered in New Brunswick and is the Exploration Manager for the Bathurst Mining Camp for Osisko Metals Incorporated.

Quality Assurance / Quality Control

Osisko Metals adheres to a strict Quality Assurance and Quality Control program with regard to core handling, sampling, transportation of samples and lab analyses. Drill core from Osisko Metals Bathurst Camp projects is securely transported to its core facility in Bathurst, NB where it is logged and sampled. Samples selected for assay were shipped via secure transportation to the Actlabs preparation facility in Fredericton, NB. Pulps were analyzed at Actlabs facility in Ancaster Ontario. Zinc, lead and copper were analyzed by assay grade peroxide fusion (total digestion) with ICP-AES finish. Silver was analyzed by gravimetric fire assay and gold by fire assay-atomic absorption.

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps. The Company’s flagship, the Pine Point Mining Camp (“PPMC”), located in the Northwest Territories, has an Inferred Mineral Resource of 38.4 Mt grading 4.58% zinc and 1.85% lead, making it the largest high grade, pit constrained zinc deposit in Canada (please refer to the Amended Technical Report for further information). Within the Bathurst Mining Camp (“BMC”), located in northern New Brunswick, the Company is focused on drilling and developing the Key Anacon Project, which previously had only sporadic exploration work since the 1960’s. In 2019, the Company will continue to diligently develop and explore in order to confirm and grow both projects. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration.

For further information on Osisko Metals, visit www.osiskometals.com or contact:

Jeff Hussey
President & CEO
Osisko Metals Incorporated
(514) 861-4441
Email: info@osiskometals.com
www.osiskometals.com
Christina Lalli
Director, Investor Relations
Osisko Metals Incorporated
(438) 399-8665
Email: clalli@osiskometals.com
www.osiskometals.com

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Company Updates From Management – Mon 4 Feb, 2019

IsoEnergy Update – One Of The Few Uranium Juniors Cashed Up And Exploring

IsoEnergy (TSX.V:ISO & OTCQX:ISENF) is one of the very few uranium focused companies that is cashed up and exploring this year. Craig Parry, President and CEO of IsoEnergy joined me today to outline initial exploration results from the ongoing drill program at the Hurricane target within the Larocque East project. We recap the overall goals of the exploration program and anticipated news flow.

Craig Parry – IsoEnergy Update

Click here to visit the IsoEnergy website for more information on the Company.

Please email me if you have any questions for Craig regarding IsoEnergy or the uranium sector – Fleck@kereport.com.

Novo Resources – Mechanical Sorting Generates Encouraging Results at Karratha

Below is the latest news from Novo Resources. I will be chatting with Quinton tomorrow afternoon so if you have any questions or topics you want us to address please email me at Fleck@kereport.com.

Click here to visit the Novo website.

Here is the news…

VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it has received encouraging results from initial testing of mechanical rock sorting of gold-bearing conglomerate from its Karratha gold project.

As discussed in the Company’s news releases dated November 19 and December 20, 2018, the potential viability of mechanical rock sorting was tested by subjecting four bulk samples (see Figure 1 below for sample locations) to crushing, screening, and sorting using a TOMRA mechanical rock sorter. Sorted rock concentrates of very small volume were generated returning high gold contents.

Assays of the sorted waste material, undersize (-6 mm) fraction and oversize fraction (+63 mm) have returned allowing for further evaluation of this technique (please refer to Table 1 below).

  • Samples KX234 and KX237 generated 81.1% and 89.4% recovery of gold, respectively, from the 6-63 mm fraction that was sorted. These recoveries are considered very encouraging considering these tests are first pass and un-optimized. Interestingly, the best recovery is from the lowest grade sample, KX237.
  • Although samples KX235 and KX236 generated lower recoveries, the fine (-6 mm) unsorted fraction of each of these samples displays higher grade than the respective calculated head grade. Novo believes the well-oxidized, crumbly nature of the rock comprising these bulk samples may have played a role in lower recoveries. Gold particles appear to have preferentially reported to the fines rather than remain encapsulated in rock that was sorted. Such oxidation persists to about 1-2 m below surface at Karratha.  Below this level, Novo believes the targeted conglomerate will be harder and less crumbly.
  • Sorter tailings commonly display gravity recoveries of gold of over 50% indicating significant coarse gold remains in this material. Novo believes crushing to somewhat finer size, perhaps 50 mm, may improve sorter recoveries because X-rays will more readily penetrate smaller rock particles making it easier for the mechanical sorter to identify gold particles.   
  • Although testing was conducted on rock particles down to 6 mm size, further work is needed to determine the lowest range of particle size that can effectively be sorted. Further crush testing is also required in order to determine means of minimizing generation of fines and maximizing the fraction of material that can be sorted.
  • Gravity recoveries of gold from the undersize (-6 mm) fraction of the four bulk samples tested during this study range between 44%-64%. This data suggests gravity recovery of gold from unsorted fines may be a viable treatment option.
  • Novo considers mechanical sorting a potentially low cost means of concentrating gold that is particularly suitable for the nuggety conglomerates Novo is exploring in the Pilbara. Novo is currently undertaking a thorough review of recent mechanical sorting test data to determine means of optimizing crushing and sorting and what further testing is needed.

Table 1 – TOMRA mechanical rock sorting results from four Karratha bulk samples.

“Novo is highly encouraged by initial mechanical sorting results,” commented Rob Humphryson, CEO and a Director of Novo. “Typically, mechanical sorting machines are utilized to upgrade mineralization by sorting out waste. In this case, gold is being directly and effectively concentrated. Novo expects that optimizations can be made to further enhance this means of gold recovery.”

Novo staff collected bulk samples discussed in this news release. Bulk samples were crushed at Cook Industrial Minerals in Perth, Australia prior to being shipped to TOMRA. Once rock sorting was completed, the concentrate and smaller mass tailings samples were submitted to MinAnalytical Laboratory Services Australia in Perth, Australia for analysis via Photon assay and fire assay. PhotonAssay methodologies are described in Novo’s news release dated December 20, 2018. Larger tailings samples were submitted to SGS Minerals in Perth, Australia where they were treated in a test plant detailed in Novo’s news releases dated February 6 and May 31, 2018. All assay certificates and head grade calculations were provided by SGS and MinAnalytical, with the calculations and head grades checked by Novo internal resources. There were no limitations to the verification process and all relevant data provided to date was verified.

Dr. Quinton Hennigh, P. Geo., the Company’s, President, Chairman, Director, and a qualified person as defined by National Instrument 43-101, has approved the geological content of this news release.

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km with varying ownership interests. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com      

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”
Quinton Hennigh 
President and Chairman

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 news release.

Forward-looking information 
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to planned exploration activities and the expected timing of the receipt of results. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance of services by third parties.

Figure 1 – Plan map showing the location of samples KX234, KX235, KX236 and KX237. Sample KX234 is material from the Lower Cannonball Conglomerate. The remaining samples are from the Upper Cannonball Conglomerate.

Company Updates From Management – Mon 28 Jan, 2019

Skeena Resources – Addressing Some Misconceptions On The Recent Eskay Creek Drill Results

Last week Skeena Resources (TSX.V: SKE, OTCQX: SKREF) released some very nice high grade results from surface at the Eskay Creek Project. However the market reaction to these results was muted as the stock did not move.

I reached out to Skeena’s President and CEO Walter Coles for a comment. He addresses an analyst report that had a couple errors in understanding what type of rock the drill holes came from. We also get an update on what the plans are for this year at Eskay.

Skeena Resources Update – Walter Coles

Click here to visit the Skeena website for more information on the Company. 

Click here to read over the full news release.This will open in a new tab so you can keep listening to the interview.

Company Updates From Management – Tue 22 Jan, 2019

Maple Gold Mines – Insights on The 3D Model, Upcoming Resource, and Drilling In 2019

Last week Maple Gold Mines released a 3D model of the the Douay Gold Project. This is a key stepping stone for the Company but I thought it needed a little more discussion to understand what it was telling the Company. Matthew Hornor, President and CEO, and Fred Speidel, VP Exploration, joined to me today to share their insights on how the model is helping to define the work Maple Gold will be undertaking this year. The Company understands it’s all about growing and upgrading the resource.

Click here to visit the Maple Gold Mines website.

Please email me any other questions you have for the guys over at Maple Gold or for myself – Fleck@kereport.com.

Here is the news release on the 3D model. It is helpful to follow along, especially with “Figure 2”.

Montreal, Quebec–(January 16, 2019) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018)[1]. The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.

  • New 3D model based on historical and new exploration results and re-interpretation of the existing and new mineralised envelopes, highlights numerous zones of higher-grade mineralisation throughout the 6km strike length of the Douay deposit (see Figures 1, 2)

  • The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)

  • The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)

  • Additional mineralisation controls and orientations are related to the morphology of more local structures, syenite intrusions and their contacts

Matthew Hornor, Maple Gold’s President and CEO, commented: “Having a more thorough set of structural interpretations and a new 3D geological model establishes a foundation more in line with the standards of a major gold company and marks an important internal milestone for our technical team.”

Fred Speidel, VP, Exploration, added: These new products have strongly encouraged us to pursue down-plunge extensions of higher-grade zones that continue below the current average depth of drilling at Douay. They will also allow us to more accurately target these higher grade zones in our subsequent drill programs.”

2019 Jan 16 NR MGM Creates new 3D Geological Model FINAL

Figure 1: 2D representation of 3D structural model showing distribution of higher-grade mineralized zones (red), within lower-grade envelope (yellow), controlled by the two main sets of structures: the E-W Casa Berardi set (grey) and the NW-SE Douay set (blue). Note trace of longitudinal sections 100mN and 0mN as also shown in Fig. 2 below).

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_001full.jpg

Cannot view this image? Visit: https://i2.wp.com/orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_002.jpg?resize=564%2C317&ssl=1

Figure 2: NW-SE long sections with drill-hole traces, looking NNE, with 25m projection corridor either side. Target areas shown as black ellipses/arrows. Section 100mN shows significant near-surface mineralisation in Porphyry Zone, with mineralisation deepening to the SSW (section 0mN). Section 0mN highlights two separate trends of higher grade mineralisation at Douay West, one of which (black arrow) may provide a link to the Porphyry ZoneApparent closure of mineralised zones at depth reflects absence of drill data, not termination of mineralisation. 100m grid.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_002full.jpg

Additional updates pertaining to the new 3D model, pending resource estimate update and new priority drill targets will be provided shortly.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President & CEO

For Further Information Please Contact: 

Mr. Joness Lang
VP, Corporate Development
Cell: 778.686.6836
Email: jlang@maplegoldmines.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 PRESS RELEASE.

Forward Looking Statements:

This news release contains “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

[1] Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project
https://maplegoldmines.com/images/pdf/2018/Douay_NI_43_101_Technical_Report_March_2018.pdf

Company Updates From Management – Tue 22 Jan, 2019

Osisko Metals – Insights Into What’s In-store For 2019

Jeff Hussey, President and CEO of Osisko Metals joins me to outline the exploration plans for 2019. The Company completed around 100,000 meters of drilling in 2018 and has similar plans for 2019. With two major zinc camps, Pine Point and Bathurst, Jeff shares how they are looking to increase shareholder value through drilling. As well as some new exploration in Quebec.

Please email me with any additional questions you have regarding Osisko Metals – Fleck@kereport.com.

Osisko Metals 2019 Plans

Click here to visit the Osisko Metals website.

Here is the news on the 2019 outlook.

Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB5) is happy to announce a summary of 2018 highlights and a 2019 corporate and exploration outlook.

Jeff Hussey, President and CEO, comments: “2018 was a very successful year in which we acquired and advanced projects that have the potential to create shareholder value in a short and opportune time frame — while zinc metal inventories are at critically low levels and with mid-term mine supply forecasted to be less than global demand. The acquisition of the Pine Point Mining Camp (“PPMC”) was completed in February and the Company immediately initiated the largest active drill program in the Northwest Territories, allowing for the rapid definition of a 38 Mt Inferred Mineral Resource Estimate grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb). Osisko Metals is now the only junior in the Americas with a resource of 5.5 billion pounds of zinc and lead that has excellent expansion potential.”

In the Bathurst Mining Camp (“BMC”), we increased our portfolio of projects centered on the Brunswick Belt and acquired the Key Anacon project, which had been privately owned since the 1950’s. Key Anacon has now developed into the most exciting base metal exploration and development project in the BMC following significant exploration success in 2018, and we will continue to build on this momentum in 2019.”

2018 Highlights:

PPMC: Completed 55 kilometres of predominantly resource definition drilling and published a Maiden NI43-101 Mineral Resource Estimate (“MRE”) on December 6th, only 9 months after the acquisition.

  • A NI43-101 near-surface, pit-constrained Inferred MRE of 38.4 million tonnes grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb) that contains 3.9 billion pounds of zinc and 1.6 billion pounds of lead. (See December 6thpress release or listen to replay of Pine Point MRE conference call, here).
  • As of December 31st, 2018, 605 drill holes totalling 41,379 metres of in-fill drilling were completed, but not included in the MRE, as these results arrived after the September resource cut-off date. This will convert a significant portion of the Inferred Resources into the Indicated category that can then be used for future economic studies.
  • De-risking initiatives included metallurgical testing, mine planning, environmental baseline studies, including wildlife and archaeological studies, and ongoing negotiations with First Nations and Métis Nation groups. These initiatives will continue in 2019 and expand to include other areas of interest.

BMC (Key Anacon):  Completed 49 kilometres of predominantly resource step-out, and definition drilling. Key Anacon is now the flagship project in the BMC. Future drilling will focus on expanding Key Anacon’s high-grade mineralization at both the Main and Titan Zones as mineralization remains open along strike and at depth. There is also 1.5 kilometres of highly favorable and poorly tested stratigraphy between the Main and Titan Zones.

At the Titan Zone, drilling confirmed continuous zinc and lead-rich mineralization to a vertical depth of 400 metres with a 200 metre strike length. The deposit extends over a strike length of roughly 1.2 kilometres and 1,100 metres depth. (See Key Anacon Titan Zone Longitudinal)

  • Several massive sulphide intercepts, up to 85m in thickness, were drilled which included 22.2 metres of 6.07% Zn, 2.19% Pb, 0.92% Cu and 48.8 g/t Ag.
  • Several zinc and lead-rich zones also included significant copper, such as: 21.75 metres of 0.96% Cu, 3.67% Zn, 1.44% Pb, 46.32 g/t Ag; another intersection returned 26.6 metres of 0.93% Cu, 1.79% Zn, 0.88% Pb, 19.08 g/t Ag as well as a third intersection that cut 20.9 metres of 1.84% Cu, 1.92% Zn, 0.65% Pb, 23.73 g/t Ag.
  • A major high-grade Copper Zone is being outlined immediately adjacent to the north of the zinc+lead Titan Zone. It has a strike length of 1 kilometre and a dip extent of 400 to 800 metres, and offers excellent potential to become a significant copper resource. Highlight intersections in the central area include 3.6% Cu over 6.1 metres and another intersection at 2.71% Cu over 6.0 metres. (See Key Anacon Titan Zone Copper Longitudinal)

Main Zone drilling in 2018 intersected a new zone, located 30 metres below the historical resource boundary that consisted of 8.3 metres of massive sulphides grading 10.47% Zn, 3.47% Pb, and 92.0 g/t Ag. The Main Zone deposit remains open along strike and down dip. (see Key Anacon Main Zone Cross Section). In addition to several new intercepts along strike and at depth, drilling also cut 26 metres (true thickness) of 8.94% Zn, 3.14% Pb, and 98.4 g/t Ag in the Main Zone confirming the extremely high-grade core of the historical resources. This hole, along with two others (results pending), will all be used to validate the historical assays prior to a maiden MRE planned for H1 2019. This deposit has significant exploration upside potential.

Corporate Development:

  • To better reflect his involvement in Osisko Metals, Robert Wares was named Executive Chairman.
  • The management team and Board of Directors was reinforced by adding Anthony Glavac as Chief Financial Officer, Lili Mance as Corporate Secretary and Cathy Singer as an Independent Director.
  • The Company completed $17 million in financing above market price in less than favorable market conditions.

2019 Outlook:

PPMC: Definition drilling will continue and a separate brownfield exploration program will be initiated following the completion of a new site-wide digital compilation over the central portion of the project.

  • The Company plans to continue drilling to meet the objective of upgrading the Inferred Mineral Resource to the Indicated category and to follow up on high priority brownfield exploration targets that will be tested following a planned airborne gravity survey. These will complement the new site-wide digital compilation and geological re-interpretation of historical datasets. Incorporation of the 2018 LIDAR topographical high precision survey data will help to further define structural controls associated with the distribution of high-grade mineralization. This was never done in the PPMC that has only been tested to an average depth of 75 metres.  Favorable horizons within the flat lying stratigraphy exist to a depth of 300 metres and have been poorly tested. Such potential exists over more than 20 kilometres strike length.
  • The next Indicated and Inferred MRE is planned for 2019 and the resource base will be used for future economic studies following the brownfield exploration program.
  • The Company will also continue to work towards acquiring further historical resources in the PPMC.

BMC:  

  • Key Anacon exploration and definition drilling will help to define high grade mineralization with the objective of upgrading the non-compliant historical resource of 1.87 Mt grading 6.93% Zn, 2.63% Pb, 0.16% Cu and 84g/t Ag, into a NI43-101 MRE Indicated and Inferred MRE slated for release in H1 2019.
  • The Gilmour South deposit, including 2018 drill results, will be included in the upcoming Key Anacon MRE.
  • Grassroot exploration will focus on, but will not be limited to, a planned airborne gravity survey area between Key Anacon and Brunswick Belt areas. Re-interpretation of Key Anacon volcanic stratigraphy has outlined a 25-kilometre extension of relatively untested, highly prospective Brunswick Horizon located to the east of the past-producing Brunswick No.12 mine. The Company extensively staked this area in 2018 and now owns 100% of the extension.

Corporate Outlook:

The Company has filed applications for a TSX listing in Canada and an OTCQX listing on the US Exchange. Guidance for the completion of these listings is end of Q1 2019. Following successful listings, the Company expects a significant increase in trading liquidity on both exchanges.

Quebec Genex:

The Company raised $10 million dollars for Quebec base metal exploration slated for 2019. Currently established VMS base metal targets are being drill tested in the Lebel-sur-Quevillon area under the joint venture agreement with Osisko Mining.

A larger generative exploration effort in Quebec will follow this year on virgin target areas defined in 2018 based on a new exploration model developed for the Grenville geological province. The Company intends to issue a news release in the coming weeks detailing these plans as work advances and specific properties are acquired.

Qualified Person

Mr. Robin Adair, Vice President Exploration of Osisko Metals Incorporated is the Qualified Person responsible for the technical data reported in this news release. He is a Professional Geologist registered in New Brunswick.

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps. The Company’s flagship, the Pine Point Mining Camp (“PPMC”), located in the Northwest Territories, has a near-surface, pit-constrained Inferred Mineral Resource of 38.4 Mt grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb), making it one of the largest undeveloped zinc deposits in Canada. Within the Bathurst Mining Camp (“BMC”), located in northern New Brunswick, the Company is focused on drilling and developing the Key Anacon Project, which has a historical resource of 1.87Mt grading 6.93% Zn and 2.63% Pb (9.56% Zn+Pb) and which previously had only sporadic exploration work since the 1960’s. In 2019, the Company will continue to diligently develop and explore in order to confirm and grow both projects. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration.

The above-mentioned historical resources for the Key Anacon Project, obtained from the New Brunswick Ministry of Energy, Mines and Petroleum Mineral Occurrence Database, do not conform to National Instrument 43-101 standards. The Company is reporting the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work to verify the historical estimates and a Qualified Person has not done sufficient work to classify the historical estimates as NI 43-101 compliant mineral resource. There is no guarantee that such work will allow conversion of such historical resources. The potential of the Key Anacon Project and the adjacent Osisko Metals claims are considered to be excellent based on the presence of this deposit hosted within the strike length of the favorable Brunswick Horizon, with alteration and folding typically associated in BMC deposits.

For further information on Osisko Metals, visit www.osiskometals.com or contact:
Jeff Hussey
President & CEO
Osisko Metals Incorporated
(514) 861-4441
Email: info@osiskometals.com
www.osiskometals.com
Christina Lalli
Director, Investor Relations
Osisko Metals Incorporated
(438) 399-8665
Email: clalli@osiskometals.com
www.osiskometals.com

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.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Company Updates From Management – Mon 21 Jan, 2019

Anaconda Mining – Recapping A Record Year For Production and Ongoing Exploration

Anaconda Mining (TSX:ANX & OTC: ANXGF) put out two news releases last week, outlining record gold production and more drill results from the Goldboro Project. Dustin Angelo, Anaconda’s President and CEO joined me for a general overview of the production numbers and ongoing exploration. There are some important details that the Company has learned about the resource in the Goldboro Project that Dustin outlines. Please send me any questions you have regarding the exploration or production of the Company – Fleck@kereport.com.

Anaconda Mining update

Click here to visit the Anaconda Mining website.