Breaking Mining News: Alaska Energy Metals (TSXV: $AEMC) (OTCQB: $AKEMF) Closes Option to Acquire the Bambino Nickel - Copper Property and Commences Exploration Programs on Its Quebec Properties; @AKEnergyMetals

Breaking Mining News: Alaska Energy Metals (TSXV: $AEMC) (OTCQB: $AKEMF) Closes Option to Acquire the Bambino Nickel - Copper Property and Commences Exploration Programs on Its Quebec Properties; @AKEnergyMetals

 

VANCOUVER, British Columbia - June 5, 2024 (Investorideas.com Newswire) Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) ("AEMC" or the "Company") is pleased to announce the TSX Venture Exchange has accepted the transaction announced on May 22, 2024. The Company has entered into an agreement (the "Option Agreement"), pursuant to which it will be granted an option to acquire a 100% interest in the 57-claim, 3,320-hectare Bambino nickel - copper platinum group element property located in the Temiscaming Region of western Quebec. Under the terms of the Option Agreement the Company has issued 150,000 common shares to the vendors. The shares are subject to a hold period and may not be traded before October 4, 2024.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Alaska Energy Metals

 

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For additional information, visit: https://alaskaenergymetals.com/

 

ABOUT ALASKA ENERGY METALS
Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders.

 

AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic energy-related metals for North America. AEMC also holds a secondary project, 'Angliers-Belleterre,' in western Quebec and the Bambino property, which is adjacent to the Angliers claim block. Today, material sourcing demands excellence in environmental performance, carbon mitigation, and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top.

 

ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO

 

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-638-3164

 

Sarah Mawji, Public Relations
Final Edit Media and Public Relations
Email: sarah@finaleditpr.com

 

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, that it will drill holes to test the Canwell, Odie and Emerick prospects and do more geophysical surveys in 2024. 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. Forward-looking statements speak only as of the date those statements are made. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

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.

 

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Breaking Uranium Stock News - Pegasus Resources (TSXV: $PEGA) (OTC PINK: $SLTFF) Reports Historical Utah Data; @pegasusresinc

Breaking Uranium Stock News - Pegasus Resources (TSXV: $PEGA) (OTC PINK: $SLTFF) Reports Historical Utah Data; @pegasusresinc

Vancouver, Canada - June 4, 2024 (Investorideas.com Newswire) Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) (the "Company" or "Pegasus") has retained Dahrouge Geological Consulting USA Ltd. ("Dahrouge") to complete a preliminary geological model based on detailed geological mapping and sampling completed on the Company's Energy Sands project (the "Property") located in Utah in Q1 2024 (see press releases dated Jan. 16, Jan. 30 and Mar 25, 2024). The outcome of the ground program provided a detailed geological map inclusive of lithologies, geological structure, mineralization style and controls, along with confirmation of paleochannel structures controlling the uranium and vanadium mineralization present on the Property. Dahrouge used this collected data in conjunction with the 2015 Utah Geological Survey regional map and stratigraphic column (Doelling et al., 2015) as a reference framework to build a preliminary geological model to support Pegasus' permitting efforts for the planned upcoming drill program in 2024.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Pegasus Resources Inc.

 

Read this news featuring PEGA in full at https://www.investorideas.com/news/2024/06041PEGA-Historical-Utah-Data.asp

 

The generation of the geological model was a crucial step in understanding the Property's geology and mineralization. This preliminary geological model was then used as a basis to define drill targets for the planned drill program and support and submittal of a Notice of Intent to the Bureau of Land Management ("BLM") Price, Utah Field Office. As part of the Notice of Intent submittal, all surface disturbances (access roads, drill pads, etc.) must be defined and presented to the BLM.

 

During the generation of the geological model and a Notice of Intent filing, Pegasus was provided with historical drilling data completed on the Property in 1975. This data was inclusive of a drillhole location map, geological logs, downhole geophysical surveys (presented in counts per minute "CPM") and interval analytical values for uranium and vanadium from eleven (11) drillholes. Dahrouge completed a data compilation and review of the geological logs and drilling location map to evaluate their consistency to what was observed in the field during the mapping campaign. The drillhole map was then georeferenced based on available data, such as topography and state plain section corner, to determine relative historical drillhole locations (Figure 1). The historical drillholes have been overlain on the preliminary geological model to evaluate consistency of the historical logs to the detailed mapping completed during Q1 2024.

 

During the data compilation, Dahrouge also evaluated how the historical analytical results compared to surface grab and paleochannel mineralization. As previously highlighted in (March 25, 2024, press release), the field samples from the area of historical drilling returned values of 3.55% U3O8 and 5.34% V2O5. The historical data in conjunction with geological and analytical data collected by Dahrouge, does provide direct insight into potential mineralization on the Property. The results outlined in Table 1, do provide guidance to interpreted mineralized paleochannel and will be used to help guide future drilling campaigns.

 

Table 1: Historical Drillhole Information

In reviewing the historical drillhole data and geologic interpretations, Dahrouge surmised that the historic drill program was following a trend that was interpreted as paleochannel hosting mineralization. This trend matches the structural measurements and mineralization trend hypothesis from Dahrouge's recent mapping program, helping us to target possible mineral-hosting paleochannels extending throughout the Property (Figure 1). This historic data provides key geological information and when combined with data collected from surface mapping and sampling, guides the generation of the preliminary geological model and drillhole targeting.

 

Figure 1: Map of interpreted paleochannel that historical drilling targeted

 

Figure 2: ESRS-007 sample outcrop.

 

Figure 3: An annotated picture depicting the sedimentary structures that make up the mineralized paleochannels on the Energy Sands Project.

NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Jacob Anderson, CPG, MAusIMM, who is a Resource Geologist for Dahrouge Geological Consulting USA Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and/or reviewed the content of this press release.

 

The results discussed in this document are historical. Pegasus nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Property's potential and are relevant for any future exploration program.

 

References

Doelling, H.H., Kuehne, P.A., Willis, G.C., Ehler, J.B., 2015, Geologic map of the San Rafael desert 30' x 60' quadrangle, Emery and Grand counties, Utah, Utah Department of Natural Resources.

 

About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information, please visit the Company at www.pegasusresourcesinc.com.

 

On Behalf of the Board of Directors:

Christian Timmins
President, CEO and Director

Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410

X: https://twitter.com/MrChris_Timmins
X: https://twitter.com/pegasusresinc
E: info@pegasusresourcesinc.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
Statements included in this announcement, including statements concerning the Company's plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

 

SOURCE: Pegasus Resources Inc.

 

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Breaking Gold Stock News: Great Atlantic (TSXV: $GR.V) Initiates Spending On Fully Funded Planned Bulk Sample $4,000,000 Estimated to be spent in ground at Jaclyn Main Zone Starting with Guidance Imaging Diamond Drilling Program; @GreatATLres

100% Owned Golden Promise Gold Property Newfoundland

FOCUSED ON EXPLORING ATLANTIC CANADA

 

VANCOUVER, British Columbia - June 4, 2024 (Investorideas.com Newswire) GREAT ATLANTIC RESOURCES CORP. (TSXV:GR; FRA: PH02) (the "Company" or "Great Atlantic") is pleased to announce it has applied for a diamond drilling permit through its wholly owned subsidiary, Golden Promise Mines Inc., for its Golden Promise Gold Property, located in central Newfoundland. The application is for nine drill holes at the Jaclyn Main Zone which hosts gold bearing quartz veins, including high grade gold mineralization. These guidance imaging holes are targeting the area of our fully funded planned bulk sample.

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Great Atlantic Resources

Read this news, featuring GR.V in full at https://www.investorideas.com/news/2024/06041GR-Diamond-Drilling-Program.asp

 

The opportunity to complete a fully funded bulk sample at the Jaclyn Main Zone using non-dilutive capital is a major milestone for the company. I would strongly encourage investors to look at the consortium working with Great Atlantic to complete this task. Taking a hands-on approach, I have traveled to the Netherlands to meet with the innovative Dutch Drilling team. After reviewing their previous engineering feats, the modifications made to the Bore Drill process that will be utilized for this project have only solidified my confidence in our potential success. This confidence extends not only to completing a bulk sample but also to advancing the balance of our current resource and the known and unknown high-grade gold veins within the complex of our property, which is located next to CXB.v, a soon to be proven producer within the Exploits Subzone" States Anderson CEO Great Atlantic.

The objective of the guidance imaging diamond drilling is to further define gold bearing quartz veins in one specific area of the Company's resource where the bulk sample is planned with its partner Novamera Inc. Extraction of the bulk sample will utilize a precision mining method powered by Novamera's proprietary Surgical Mining technologies (Novamera Website). The partners are currently finalizing the bulk sample program application and anticipating final approval by end of summer. Once permitting is approved, which is expected in the next few months, execution will be implemented. The program is fully funded with an anticipated spend in the ground of $4,000,000.00, which is being provided through the consortium with Digital. https://www.digitalsupercluster.ca/projects/data-driven-surgical-mining.

These guidance imaging drill holes will be initiated within the west region of the Jaclyn Main Zone targeting gold bearing veins to approximately 100 meters vertical depth.

 Great Atlantic confirmed high-grade gold in quartz veins in the west region of the Jaclyn Main Zone during 2019 and 2021 diamond drilling programs, including near surface intercepts (core length) of 113.07 grams / tonne (g/t) gold over 0.55 meters and 61.35 g/t gold over 2.04 meters that are located within the area of the Company's current resource (see Company news releases for results of 2019 and 2021 diamond drilling program).

The planned bulk sample at the Jaclyn Main Zone will be approximately 2,700 tonnes, to be extracted using a precision mining method, powered by Novamera's proprietary Surgical Mining technologies. The program at the Jaclyn Main Zone is being funded in part by co-investment from DIGITAL, Canada's Global Innovation Cluster for digital technologies, as part of a larger project that aims to support data-driven and digital solutions within the mining sector. The Link to the announcement can be found at https://www.digitalsupercluster.ca/projects/data-driven-surgical-mining.

Great Atlantic reported a National Instrument 43-101 compliant inferred resource estimate during late 2018 for the Jaclyn Main Zone of 357,500 tonnes at 10.4 g/t gold (119,900 ounces of gold - uncapped) (Company News Release of December 6, 2018; and Sedar-filed National

Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the Jaclyn Main Zone is as follows:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

The Golden Promise Gold Property is the largest and most advanced of eight central Newfoundland gold properties owned by Golden Promise Mines Inc. and located within the Exploits Subzone of the Newfoundland Dunnage Zone. One of these properties (Golden Trust) is located within one kilometer of the Valentine Gold Mine of Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) which is also located within the Exploits Subzone. Readers are warned that mineralization at the Valentine Gold Mine is not necessarily indicative of mineralization at the Golden Promise Property or any of the other central Newfoundland gold properties of Golden Promise Mines Inc.

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

Great Atlantic Resource Corp. (TSXV: GR) is a featured mining stock on Investorideas.com

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