Fabled Silver Gold Corp Announces Non Brokered Private Placement

2022-06-25 05:18:06 By : Ms. Swallow Zhou

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO; OTCQB:FBSGF, and FSE:7NQ) is pleased to announced a non-brokered private placement of up to 14,285,714 units (each, a "Unit") at a price of C$0.07 per Unit (the "Issue Price") for aggregate gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"). Each whole Warrant will be exercisable to acquire one common share of the Company (a "Warrant Share") at an exercise price of C$0.12 per Warrant Share for a term of two years following the closing of the Offering

It is anticipated that the proceeds of the Offering will be used for general working capital and exploration activities on the Company's Santa Maria property, located in Parral, Mexico.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and any other resale rules under applicable securities laws and the policies of the TSX Venture Exchange. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay a finder's fee to eligible arm's length parties to be determined by negotiation with such parties, and pursuant to the rules of the TSX Venture Exchange and applicable securities laws.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

For further information please contact: info@fabledfco.com

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

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE:Fabled Silver Gold Corp.

News Provided by ACCESSWIRE via QuoteMedia

Mexico produces more silver than any other country in the world, and the city of Parral in Chihuahua, Mexico, is exceptionally special. After the discovery of silver in 1631, San José de Parral was established as a mining town and later declared “the capital of the silver world” by King Philip IV of Spain. The district continues to be a significant center for silver mining and presents companies operating in the area with a world-class opportunity for silver discovery and high-quality exploration.

Fabled Silver Gold (TSXV:FCO,FWB:7NQ,OTCQB:FBSGF) is focused on acquiring, exploring and developing properties that yield high-grade, near-term metal production. It is currently operating its high-quality Santa Maria silver-gold project in Parral, Mexico.

CEO Peter Hawley, an industry titan with more than 35 years in the industry overseeing exploration, development and production, officially came out of retirement to oversee the early stages of growth and development for Fabled Silver Gold and its ongoing projects.

The city of Parral in Chihuahua, Mexico has a rich mining history and has produced over 250 million ounces of silver to date. Operating out of this district strategically positions Fabled Silver Gold to leverage its mining-friendly conditions, and the company has built strong community relationships.

The Santa Maria silver-gold project hosts a strong foundation for growth. All 21 veins discovered to date are on surface and open on strike and at depth have the potential for expansion and deep exploration. The project site has significant infrastructure, including access to paved and dirt roads and grid power.

In March 2021, Fabled announced its trading commencement on the OTCQB Venture Marketplace. This graduation demonstrates its fast-growing potential as a serious contender in the silver mining space and exposes the company to a much broader range of US investors.

The next steps for the company include an 8,000 meter drilling program over the Santa Maria property. The company has already published five drill hole results of the approximately 30 intended for drilling. With additional sampling, geophysics and exploration, the project could see similar success to neighboring deposits such as Silver Crest’s early-stage Las Chispas project.

The Fabled Silver Gold management team brings together a proven track record of success in technical experience, local expertise and capital markets. Their experience and dedication to the Santa Maria project prime the company for significant high-grade silver discovery and economic growth.

The Santa Maria gold-silver property is situated in the center of the Mexican epithermal silver-gold belt in the mining-friendly Parral district in Chihuahua, Mexico. The district hosts multiple major operators in the vicinity and has excellent infrastructure, including accessible roadways, grid power and skilled labor networks. Fabled has the option to own 100 percent of the property from Golden Minerals Company (TSX:AUMN,NYSEAMERICAN:AUMN).

The property hosts a high-grade silver-gold mine with a robust vein system. Twenty-one veins have been discovered to date on surface level and all veins appear to be open on strike and at depth. Additionally, surface samples from 14 veins show elevated gold and silver values, with the remaining veins never sampled.

In March 2021, the company completed six diamond drill holes with assay results reporting five silver-bearing north to south structures. Mineralized grades from this campaign returned 1.40 g/t gold, 862 g/t silver and 934.02 g/t silver equivalents.

The project presents Fabled with immense discovery opportunity, and has an existing NI 43-101 resource of 3.2 million ounces of indicated and 1.1 million ounces of inferred silver equivalent mineralization. The unique ore body structure and identified anomalies make this project all the more special. Advancement of drilling and expanded exploration efforts are in the works for Santa Maria.

David Smalley is a corporate finance and securities lawyer who has practiced for 28 years. He has been a director and officer of public companies for over 19 years. Smalley was one of the founders of Canaco Resources.

Peter Hawley is the co-founder of Fabled Silver Gold Corp, then Fabled Copper, as well as founder of Scorpio Mining Corporation, renamed Americas Gold and Silver Corporation. Hawley is also the co-founder of Niogold Resource Corp and has over 35 years of mining industry experience that spans grassroots exploration through to development and production.

Luc Pelchat is the founder and president of the Canadian Chamber of Commerce in North Mexico. Following 24 years with a Canadian multinational company operating in the construction industry, Pelchat formed many of his own companies and has realized multiple projects in the construction industry in Mexico. He has extensive business, financial and human resources experience in Canada, Mexico and Africa. Pelchat is currently a director of Scorpio Gold Corp, listed on the TSX Venture Exchange.

Michael Harrison was previously an investment banker and CDO for Planvest Capital in Vancouver from 1987 to 1992. After, he was the CDO of Biocoll Medical., a biotech company that successfully commercialized its technology and divested it to GenSci Regeneration Sciences Inc. From 2016 to 2020, Harrison was the Chairman, CEO and founder of Pebble Labs in Los Alamos, New Mexico, and he is currently the CEO of Batik Resources Inc., a junior exploration company interested in gold mining in Indonesia.

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) wishes to announce that it has amended the payment schedule on May 17, 2022 under its option agreement (the "Option Agreement") with Golden Minerals Company ("GMC") with respect to the Santa Maria Project

Pursuant to the terms of the terms of the amended Option Agreement, in order to acquire the Santa Maria Project, Fabled is now required make the final payment of US$2,000,000 previously due on December 4, 2022 as follows:

As consideration for the amendment Fabled will, on the date of the first payment mentioned above (December 4, 2022), issue to GMC that number of common shares of Fabled ("Shares") that are equal to a value of US$75,000 (as converted to CAD$ at the Bank of Canada Daily Rate published on the business day immediately prior to the date that such payment is made) at a price per share equal to the closing trading price of the Shares on the TSX Venture Exchange ("TSXV") on the trading day immediately prior to the date that such payment is made.

Peter Hawley, President and CEO of Fabled commented: "We thank Golden Minerals for their co-operation in the amendment of our option agreement for the Santa Maria Project. At a difficult time for the markets, this amendment will free up working capital to devote to further defining and exploring the Santa Maria Project over the next year."

The terms of the amendment remain subject to the final approval of the TSXV.

In addition the Company announces that, pursuant to its advertising agreement with Agora Internet Relations Corp. ("Agora"), dated November 15, 2021, and described in the Company's news release dated November 29, 2021, it will issue 161,428 Shares to Agora at a price per share of $0.105 in payment of $15,000 + HST for the period ended February 15, 2022.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

For further information please contact:

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

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE: Fabled Silver Gold Corp

News Provided by ACCESSWIRE via QuoteMedia

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO; OTCQB:FBSGF, and FSE:7NQ) reports that it has completed the planning for a Phase 2 exploration diamond drill program on the Santa Maria Property in Parral, Mexico

Peter Hawley, President, CEO reports; "As mentioned before, the past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed. This massive input of data has led our stream lined analytical team to new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of our efforts over the past year were focused.

Before we report our new findings, I would like to extend our thanks to our Project Manager Joaquin Rodriguez and senior geologist Edgar Rojas for their contribution to these important steps forward."

When the Company embarked on this project, we were of the opinion this was a low sulfidation epithermal system deposit and contained two veins of interest. The Santa Maria and Santa Maria Dos veins.

Following the completion of the Phase 1 drilling we have now had time to "stop chasing the bit" and have compiled the total data collected. Through analysis of the data generated many things have become clear.

The veins thought to be the Santa Maria veins are in fact mineralized breccias at the contacts or within diorite dikes. Furthermore, there are different generations of structural / mineralization controls and some of the 2021 exploration drilling intercepted one of the secondary mineralized dike structures which is the Santa Maria off-set to the northeast which remains open in all directions, such as the last hole drilled on the Santa Maria deposit on the western sector of the property, where we intercepted 21.90 meters grading 5.29 g./t Au in 349.21 g/t Ag Eq with an astonishing 4,821.98 g/t Ag eq with 86.10 g/t Au.

Using the valuable 2021 drilling information, we will apply the new structural interpretation and the Santa Maria signature and controls to the rest of the property, paying particular attention to the mineralized structures / breccias. Due to the association with the diorite dikes the present focus of sampling is the dikes, the mineralization found within or with a relationship to them.

Detailed field mapping and structural analyses led by our senior team including our Project Manager has resulted in the below, property wide interpretation in preparation for Phase 2 exploration drill targets.

As previously reported past surface sampling of the "Northeast Structure" has reported surface sampling of 1.25 meters of 72.12 g/t Ag Eq and 2.20 meters grading 116.20 g/t Ag Eq including 206.80 g/t Ag Eq over 0.80 meters. In addition, it is now realized that drill hole SM20-11 intercepted the Northeast secondary mineralized structure and reported 3 separate mineralized zones; Zone 1 from 62.80 - 95.59 meters grading 31.72 g/t Ag Eq over the 26.90 meters including 1.20 meters grading 110.11 g/t Ag Eq; Zone 2 from 101 - 103.20 reporting 118.57 g/t Ag Eq over the 2.20 meters and the third Zone which returned 3.50 meters grading 40.80 g/t Ag Eq.

The 2022 field work and observations for the final planning of the Phase 2 Exploration Diamond Drill Program. To support the drill hole targeting the following has been completed.

The 56 sample results listed below are partial surface sampling results from the field evaluations using a 30 g/t silver cut-off, as there are too numerous results to report. See Table 1 below;

Table 1 - Santa Maria Property Field Samples, 30 g/t Ag cut-off

As a result of work to date, 6 mineral / structural trends or potential dilation zones have been observed and are potential targets. These are as follows;

Figure 1 - Santa Maria Property Exploration Mineralized System Targets

The designed exploration diamond drill program is in two phases, of which, the second phase is result driven based on first phase results.

Exploration Drill Target #1 is a stockwork quartz veining North - East mineralized breccia system, which was successfully intercepted in drill hole SM20-11, as discussed above. A total of 4 first priority holes for a total of 800 meters have been planned along with 300 meters in 1 hole as second priority. The results of the first 4 holes will determine if this area is followed up. See Figure 2 below.

Figure 2 - Drill Target #1 Longitudinal and Cross Section

Exploration Drill Target #2 is the north trending mineralized oxidized breccia system and the intersection of the north east breccia system which may create a dilation zone. Four first priority drill holes have been planned for a total of 1,220 meters and if successful an additional 1,100 meters of second priority drill holes have also been planned. See Figure 3 below.

Figure 3- Drill Target #2 Longitudinal and Cross Section

Exploration Drill Target #3 is the north 2 trending dike system and related mineralized breccias where 3 first priority holes totaling 650 meters have been planned and if successful an additional 550 meters in 2 holes planned. See Figure 4 below.

Figure 4- Drill Target #3 longitudinal and Cross Section

Exploration Drill Target #4 is the north east trending mineralized breccia system and the interception of the north east breccia zone which may create a dilation zone. Two first priority drill hole totaling 570 meters have been planned plus if successful and additional 4 secondary holes totaling 1,220 meters have been outlined. See Figure 5 below.

Figure 5- Drill Target #4 longitudinal and Cross Section

Exploration Drill Target #5 is the middle Santa Maria Deposit trend extension and the intersection of the north east breccia system targeting a potential dilation zone. One first priority drill hole has been planned totaling 250 meters with a results driven second priority hole of 320 meters planed for follow up if warranted

Figure 6- Drill Target #5 Longitudinal and Cross Section

Finally, exploration Drill Target #6 is the Santa Maria Deposit trend east extension where various mineralized dikes have been found on surface. One first priority drill hole has been planned totaling120 meters with a results driven second priority hole of 200 meters planed for follow up if warranted.

Figure 7- Drill Target #6 Longitudinal and Cross Section

Exploration Drill Pad Location Update

The exploration drilling pads / sites are presently being prepared in advance with ample water for surface drilling. The drill stations with the lowest environmental impact have been determined and any exploration drill stations outside the currently permitted area have been incorporated in to an amendment to our current drill permit and presently being with SEMARAT. While this process is on-going exploration drilling of the permitted sites is scheduled to begin mid June 2022.

Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample. Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward- looking statements, other than as required by applicable law.

SOURCE:Fabled Silver Gold Corp

News Provided by ACCESSWIRE via QuoteMedia

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO); (OTCQB:FBSGF), and (FSE:7NQ) reports that it has completed the planning for a Phase 2 definition diamond drill program on the Santa Maria Property in Parral, Mexico. An accompanying Phase 2 exploration drill program is still in the planning stage

Peter Hawley, President, CEO reports; "The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed. This massive input of data has led our stream lined analytical team to new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of our efforts over the past year were focused.

I would like to extend our thanks to our Project Manager Joaquin Rodriguez and senior geologist Edgar Rojas for their contribution to these important steps forward."

When the Company embarked on this project we were of the opinion this was a low sulfidation epithermal system deposit and contained two veins of interest. The Santa Maria and Santa Maria Dos veins. See Figure 1 below.

Figure 1 - Original Surface Map of Santa Maria Veins

Following the completion of the Phase 1 drilling we have now had time to "stop chasing the bit" and have compiled the total data collected. Through analysis of this many things have become clear.

We now know, as we suspected from the outset, that the Santa Maria vein and Santa Maria dos vein are actually the footwall and the hanging wall of a structure. What we did not know was there is a mineralized hydrothermal diorite dike following the structure, with hydrothermal breccias on both sides of the dike. See Figure 2 below

Figure 2 - Santa Maria Mineralized Dikes

These breccias were previously thought to be the Santa Maria vein. Furthermore, there are different generations of structural / mineralization controls. In addition, some of the 2021 exploration drilling intercepted some of the secondary mineralized dike structures and the Santa Maria off-set to the northeast which remains open in all directions.

To that end the Company has designed a two-prong attack to aggressively advance the Santa Maria project. The first is a second phase 100% dedicated definition diamond drill program from surface for a minimum of 5,000 meters using one dedicated drill to perform this task.

This program has already been designed with surface drill collars and underground pierce points into the mineralized Santa Maria structure chosen. See Figure 3 below.

Figure 3 - Plan View - Phase 2 Definition Diamond Drill Hole Collars

These definition drill targets were chosen based on the modelling of the first and secondary structures and mineralization, and their relationship to the 2021 high grade gold intercepts found to the west and the east. We now know that these two areas are dilation zones as a result of the intercept of 2 structures. The down plunge of these zones remain open in all directions. See Figure 4 below.

Figure 4 - Plan View - Structural Dilation Zones

An example of the western hydrothermal gold domain dilation zone is surface dill hole SM20-20 which intercepted 352.63 g/t Ag Eq with 5.61 g/t Au over 11.60 meters, including 8.40 meters grading 452.62 g/t Ag Eq with 7.24 g/t Au and hole SM20-22 which intercepted 14.40 meters grading 267.60 g/t Ag Eq with 4.95 g/t Au, including 385.07 g/t Ag Eq with 7.17 g/t Au over 9.50 meters.

The eastern dilation zone is defined in part by hole SM20-50 which reported 21.90 meters grading 349.21 g/t Ag Eq with 5.29 g/t Au, including 11.05 meters reporting 664.57 g/t Ag Eq with 10.35 g/t Au and 1.30 meters grading 4,821.98 g/t Ag containing 86.10 g/t Au. See Figure 5 below for drill hole targets and dilation zone locations.

Figure 5 - Definition Drill hole Targets and Dilation Zone Locations

Using the valuable 2021 drilling information, we will apply the new structural interpretation and the Santa Maria signature and controls to the rest of the property, paying particular attention to the mineralized structure. See Figure 4 above.

Detailed field mapping and structural analyses led by our senior team including our Project Manager has resulted in the below, property wide interpretation in preparation for Phase 2 exploration drill targets.

Surface sampling of the "Northeast Structure" has reported surface sampling of 1.25 meters of 72.12 g/t Ag Eq and 2.20 meters grading 116.20 g/t Ag Eq including 206.80 g/t Ag Eq over 0.80 meters. In addition, it is now realized that drill hole SM20-11 intercepted the Northeast secondary mineralized structure and reported 3 separate mineralized zones; Zone 1 from 62.80 - 95.59 meters grading 31.72 g/t Ag Eq over the 26.90 meters including 1.20 meters grading 110.11 g/t Ag Eq; Zone 2 from 101 - 103.20 reporting 118.57 g/t Ag Eq over the 2.20 meters and the third Zone which returned 3.50 meters grading 40.80 g/t Ag Eq.

Of particular interest are the areas for possible structural dilation zones. See the yellow circles in Figure 6 below.

Figure 6 - Property Wide Structural Interpretation

Once the field work and observations have been completed the Phase 2 exploration first priority drill targets will be defined in the coming weeks.

Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample. Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward- looking statements, other than as required by applicable law.

SOURCE: Fabled Silver Gold Corp.

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Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) announces a summary of all previous results of surface diamond drilling from the upgraded14,400 -meter drill program on the "Santa Maria" Property in Parral, Mexico

Peter Hawley, President, CEO reports; "The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling and finally surface mapping and sampling has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed."

Listed below are a few highlight's of drill intercepts in the various drilling categories.

In addition to the numerous mineralized intercepts, new discoveries were made from low sulphidization epithermal type; to hydrothermal type, to super gene enrichment and massive sulphide feeders. See below for examples.

This work led to a new understanding of the Santa Maria property and the relationship of hydrothermal mineralized dioritedikes, and the related mineralized breccias located mostly along the footwall and hanging wall of the dikes. With this understanding it became evident that there were multi pulses of mineralized material in various structures.

With this new understand and by applying our structural / mineralization interpretation, drill successes became greater which has allowed us to grow the over all mineralization envelope

Moving forwards the Company will compile all the results from drilling, surface mapping and sampling, plus geophysical anomalies in preparation for the design and selection for a Phase 2 drill program. Phase 2 will not only seek to grow the mineralization as seen above but to also explore the eastern sector of the property which has yet to be drilled.

Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-termmetal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (AUMN) to acquire the Santa Maria Property,a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province,which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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

Certain statements contained in this news release constitute"forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally;industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry,

including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward- looking statements, other than as required by applicable law.

SOURCE: Fabled Silver Gold Corp.

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Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) announces the final results of Phase 1 surface diamond drilling from the upgraded 14,400 -meter drill program on the "Santa Maria" Property in Parral, Mexico

Peter J. Hawley, CEO and President, remarks, "Planned definition hole SM20-50 was not only designed to fill in a drill poor gap in the past resource area and to follow the down dip mineralized plunge intercepted in drill hole SM20-47, 48 and 49, all of which reported broad zones of silver and gold bearing hydrothermal breccias with numerous higher-grade intercepts within, but also to vector in on the developing high-grade hydrothermal gold domain. See Figure 1 below.

Figure 1 - Longitudinal View of Area of Current Drilling Being Reported

Definition Diamond Drill Hole SM20-50 was drilled at a dip, or angle, of -75 degrees for a planned total drilled length of 294 meters. It was designed to hit the targeted zone at approximately -260 meters below surface.

Before intercepting the main Santa Maria hydrothermal breccia / structure target at depth, the previously newly discovered shallow mineralized hydrothermal breccia was intersected once again from 148.00 - 153.10 meters and graded 131.49 g/t Ag Eq over the 5.10 meters. See Photo 1, Figure 2 and Table 1 below.

Previously reported holes SM20-47, 48 and 49 all intercepted this new hydrothermal breccia. In this case the hanging wall of the breccia intercepted by hole SM20-50 reported 321.39 g/t Ag Eq with 0.51 g/t Au over 1.25 meters. See photo 2, Figure 2 and Table 1 below.

This new discovery is defining previously unknown silver - gold mineralization which will be added to the data base for the internal resource model.

The main target which was the the Santa Maria footwall hydrothermal breccia structure was intercepted from 267.00 - 288.90 meters. The entire 21.90 meters reported 5.29 g/t Au within 349.21 g/t Ag Eq. This gold domain hydrothermal system remains open at depth and on strike. See Figure 2, Table 1, Photo 3, 4 below.

Figure 2 - Cross Section Diamond Drill Hole SM20-50

Within the 21.90 meters of gold - silver mineralization, 11.05 meters from 269.60 - 280.65 meters assayed an impressive 11.05 g/t Au within 664.57 g/t Ag Eq. See Figure 2 above, Table 1 and Photos 3, 4 below.

Table 1- SM20-50 Drill Hole Assay Results

Worthy of note is the very high-grade gold intercept from 270.80 - 272.10 meters where assay results returned 86.10 g/t gold within 4,821.98 g/t Ag Eq.

Hole SM20-50 was extremely successful not only in infill drilling of a drill poor area, but also following the vertical down plunge of the Santa Maria structure by -160 meters from hole SM20-47 and vectoring in on earlier results from holes SM20-48 and 49.

In addition, the new up hole hydrothermal breccia that was intercepted shows that the structure has increased or opened up to 5.10 meters grading 131.49 g/t Ag Eq and contains a higher-grade component of 321.39 g/t Ag Eq with 0.51 g/t Au over 1.25 meters. This new silver - gold mineralized hydrothermal breccia not only remains open in all directions but will add new mineralized ounces to the various systems we have discovered during this first phase of drilling.

In addition to the new breccia, the strong gold bearing domain intercept of the main footwall of the Santa Maria hydrothermal breccia, where the entire 21.90 meters reported 5.29 g/t Au within 349.21 g/t Ag Eq, and the exceptional higher-grade component of 86.10 g/t gold within 4,821.98 g/t Ag Eq not only add quality gold and silver ounces to the resource build out but remain open at strike and depth.

This completes the Phase 1 exploration and definition drilling on the mineralized Santa Maria structures, breccias and diorite dikes. The Company will now compile all the results to define not only follow up definition drilling targets, but to outline targets in the eastern sector of the property. This sector includes newly discovered mineralization outcropping on surface, and also geophysical IP anomalies previously identified, all which have never been drilled.

Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

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

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital

on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE:Fabled Silver Gold Corp.

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that, further to its news release of June 2, 2022, and subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Private Placement") by issuing 3,077,000 common shares (each a "Share") at $0.65 per Share, 2,523,289 flow-through shares (each a "FT Share") at a price of $0.73 per FT Share, and 1,340,031 charitable flow-through common shares (each, a "Charitable FT Share") at a price of $0.91 per Charitable FT Share raising total gross proceeds of $5,061,479. The Company paid finder's fees of $134,520 to GloRes Securities Inc. and Qwest Investment Fund Management Ltd., and issued 85,943 common shares to GloRes Securities Inc., Teresa Schmid, and Qwest Investment Fund Manager.

The Shares, FT Shares and Charitable FT Shares are subject to a four-month and one day hold period pursuant to securities laws in Canada and, where applicable, the Exchange. The Company intends to use the net proceeds from the FT Share and Charitable FT Share Private Placement to incur Canadian exploration expenses (the "Qualifying Expenditures") on its projects in Nunavut prior to December 31, 2023. The Company will renounce the Qualifying Expenditures to subscribers of FT Shares for the fiscal year ended December 31, 2022.

Dr. Georg Pollert, a director and controlling shareholder of the Company, received 3,077,000 Shares pursuant to the Share Private Placement. As a result, the issuance of these Shares is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relied upon the "Fair Market Value Not More Than 25% of Market Capitalization" exemption from the formal valuation and minority shareholder approval requirements.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. Blue Stars landholdings total approximately 270 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. The Company owns the Ulu Gold Property lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu mining lease, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

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.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128766

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Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce that it has qualified for trading on the OTCQB ® Venture Market in the United States operated by the OTC Markets Group Inc. and that the Company's common shares commenced trading today on the OTCQB under the symbol "FYMNF". The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "FYL".

The Company further announces that concurrent to receiving qualification to trade on the OTCQB ® Venture Market, it has also gained eligibility for electronic clearing and settlement through the Depository Trust Company (" DTC ") in the United States .

Robert Brown , President & CEO of Finlay states:

" We are pleased that the trading of the Company's common shares on the OTCQB and the access to DTC services will enable Finlay to expand its US and global shareholder base, broaden its visibility, and increase liquidity over time. We look forward to the opportunities that this trading platform will provide ."

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

Robert F. Brown , P. Eng. President & CEO

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.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements, including, without limitation, statements regarding the anticipated benefits of OTCQB trading and DTC eligibility. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration results, availability of capital and financing, general economic, market or business conditions, and the other risk factors described in Finlay's filings with Canadian securities regulators on SEDAR at www.sedar.com . These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. 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. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/June2022/23/c0045.html

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Vancouver, British Columbia TheNewswire - June 23, 2022 - Leocor Gold Inc. (the " Company " or " Leocor ") (CSE:LECR ) ( OTC:LECRF ) ; ( Frankfurt:LGO) is pleased to announce it has completed mobilization of a Rotary Air Blast ("RAB") drill and initiated drilling on the Company's Baie Verte project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The Phase 1 program will test at least 6 different target areas for gold andor copper mineralization with 25 30 RAB drill holes and is designed to follow up on previously announced soil and GT Probe results (1) ; evaluating the targets for potential follow up diamond drilling as warranted. The Company is also initiating work programs on it's Western Exploit and Gander District properties and details of those programs will be forthcoming in future news releases.

The Phase 1 RAB Drilling program will consist of 25-30 drill holes and test at least 6 target areas across the Baie Verte property including the Dorset, Gunshot, Dorset SW, Copper Creek SW, FMB, and Copper Creek target areas. The program will follow up on previously announced gold and copper soil and GT Probe results over a 7km trend across the property (1) and is designed to evaluate the targets for potential diamond drilling.

The RAB drilling will be completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes will be up to 100m in depth and will be paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas.

(1) See the Companies new release dated May 19, 2022. Available at leocorgold.com and SEDAR.

Click Image To View Full Size

Figure 1 – Phase1 RAB Drill targets over gold in soils.

Click Image To View Full Size

Figure 2 – Phase1 RAB Drill targets over copper in soils.

The Dorset trend consists of a 2.5 km gold in soil anomaly(s) located approximately 3km south of the Baie Verte townsite, extending from historic Dorset and Gunshot prospects (rock samples up to 57.2 g/t Au) to the southwest. RAB drilling on the trend will focus on the Dorset, Gunshot, and Dorset SW target areas. At Dorset and Gunshot, the drilling will test a series of NE striking, steeply west dipping quartz veins and breccia zones with sericite-ankerite alteration and pyrite, arsenopyrite, and, locally, visible gold mineralization. On the Dorset SW, the drilling with test a series of coincident soil and GT Probe anomalies (up to 1.19 g/t Au) over a 700m NE oriented trend.

The FMB Trend (Five Mile Brook Trend) is located 4km SSW of Baie Verte, less than 1km off of the main highway and consists of a 2km gold-arsenic soil anomaly associated with sheared and strongly contact of ultramafic and metavolcanic units with rock samples up to 1.31 g/t Au.

Copper Creek Southwest is located approximately 750m west kilometer of the Gunshot target and consists of a 1km NE trending soil anomaly with values up to 1135 ppb Au. The target was historically called the ‘Albatross Target' and was previously trenched and drilled by Noranda in the late 1980's. The historic work included grab samples of up to 30 g/t Au and drilling results of 1.0 g/t Au over 7 m (2) and is associated with a series of meter-scale quartz veins with pyrite-arsenopyrite.

(2) See NFLD Assessment GeoFile 012H/16/1127 by MacDougall dated April 1989.

Copper Creek Trend (Copper & Gold)

The Copper Creek Trend consists of 2 km northeast trending Cu-Au soil anomaly(s) with highs of 2860 ppb Cu and 867 ppb Au. The northern area of the trend is defined by a 500m x 1000m copper anomaly associated with anomalous zinc (+/-gold); indicative of VMS style mineralization similar to the historic Terra Nova Mine; located approximately 1.5km to the west. Initial RAB drilling on the target will focus on a series of NE trending semi-massive to massive sulfide (pyrite-chalcopyrite) identified during recent follow up exploration on the trend.

Assay Methodology and QA/QC

The soils samples for the program are prepared at Eastern Analytical Laboratories. Samples are dried at 60 degrees Celsius and sieved to -80 mesh. The pulps are air couriered shipped to Bureau Veritas Labs in Vancouver, British Columbia. The pulps are analyzed with the AQ201+U method, dissolving 15 grams in Aqua Regia and analyzed for 37 elements by ICP-MS technique.

All rock, GT Probe, and RAB samples will be prepared and analyzed by ALS Global Laboratories of Moncton, NB. The entire sample will be crushed to 70% passing -2 mm and then splitting off and pulverizing a 250-gram split to 85% passing -75 microns. A 0.5 gram cut of the pulp will be analyzed by ME-ICP41, an aqua regia digestion followed by ICP-AES analysis for 35 elements. Gold will be analyzed for by AA-AU23 using a 30-gram charge for a standard fire assay with an AA finish. If Au results were >10 g/t a second 30-gram charge will be used for a standard fire assay with a gravimetric finish.

The reported work will be completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

Click Image To View Full Size

Figure 3 – Regional Setting of the Baie Verte Project

About Leocor's Baie Verte Project

The Baie Verte Peninsula represents one of the more productive and historical gold and base metal mining districts in Canada. The former Terra Nova base metal mine – one of several copper mines of the region, which operated during the late 1880's to early 1900's – lies 200 meters west of Leocor's Copper Creek claims. Former gold mining operations in the area include the Goldenville mine (of 1903-1906), located 8 km NE of the property, and the more recent Nugget Pond mine (1997-2000) of the eastern Baie Verte Peninsula area. Currently producing mines in the area include the Rambler base metal-gold mine (1961-present), located 14 km ESE of Baie Verte, and the Pine Cove and Stogertite mines (collectively, 2011-present) located 1.6 km and 5.4 km NE of the current property.

The Baie Verte project combines the Dorset, Dorset Extension, Five Mile Brook and Copper Creek projects consisting of fourteen mineral licenses, totalling 80 claims, and covering 1995 hectares (19.95 square km).

The Dorset Gold Project is a 275-ha gold exploration project, located south of the Pine Cove Gold Mine, and features multiple zones of high-grade gold mineralization. The Main Dorset Zone includes three historic showings, referred to as Dorset 1, 2 and 3 Showings. Grab samples from Dorset 1 returned 407.9, 349.2, 147.1, 143.9, 138.2, 108.0, 106.7, 72.4 and 30.0 g/t Au. Grab samples from Dorset 2 returned 167.0, 96.12, 84.3, 49.7, 23.8,4.33 and 1.33 g/t Au (MacDougall and Walker, 1988) and a "combined assay of 56.0 g/t Au over 2.5m" (MacDougall 1989) . Historic drilling includes DDH 87-1, which intersected 9.5 g/t Au over 1.3m (MacDougall and Walker, 1988).

Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au and 14.8 g/t Au. Historic channel sampling across the vein returned 9.5 g/t Au over 0.4m, 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m, 3.1 g/t Au over 2m and 2.5 g/t Au over 1.5m (MacDougall, 1990).

Other zones include The Albatross, where historic rock sampling of mineralized zones returned values up to 30.3 g/t Au. Assay results from three 1987 diamond drill holes include 1.0 g/t Au over 7.3m, 1.81 g/t over 4.3m and 1.02 g/t over 2.2m and the Gunshot Zone, where veins containing visible gold and pyrite returned grab samples that assayed up to 162 g/t Au and channel samples that assayed up to 18 g/t Au over 0.4m (MacDougall, 1989)

In the Phoenix Zone, "assays from initial grab samples returned 5.8 and 5.5 g/t within the gabbro. Quartz veins have returned 1.4, 0.6 and 0.5 g/t Au. Similar mineralization located 500m north east returned 3.3 g/t." (MacDougall, 1987). Diamond drilling hole intersected of 1.07 g/t Au over 5.45m (MacDougall, 1989).

Copper Creek (1,025-ha) hosts a number of gold prospects and copper occurrences associated with extensive alteration/shear zones developed within a thrust-faulted sequence of quartz-Fe-carbonate-fuchsite-altered gabbros, ultramafics and mafic volcanics, of the Advocate (ophiolite) Complex, and intermediate to silicic volcaniclastics & tuffs and microgabbroic dykes/sills, of the Flatwater Pond (cover sequence) Group. Historical results at Copper Creek – Biarritz zone include "values ranging from 1.3 to 16 g/t Au from grab samples and a combined assay of 3.9 g/t Au over 4.0m from detailed chip sampling." Additionally, "300m SW along strike exposed a 5-10m shear zone with similar alteration returned which returned sporadic values up to 9,2 g/t Au from grab samples" Noranda drilled several diamond holes in the area including A-88-7 which returned 0.66 g/t Au over 1.5 m and A-88-9 which returned 3.11 g/t Au over 0.5 m. (MacDougall, 1989).

Five Mile Brook (350-ha) has been subject to minimal exploration in the past but shows potentially important geological continuity to the Company's Dorset Gold Project, which lies directly contiguous to the northern boundary.

* Historic rock samples and grab samples mentioned in this release are selective by nature and are unlikely to represent average grades of the property

* The reported drill intercept is an intersected length and is not a true width

The data reported here is historic in nature and has not yet been verified by a Qualified Person. Leocor has relied on the information supplied in the Noranda assessment reports (quoted above) and from information found in MODS (Mineral Occurrence Data System) published by the Newfoundland Department of Natural Resources.

Jodie Gibson, P.Geo., consultant, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific technical content of this release.

Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000 hectare exploration corridor. The Company also controls the 6,847-ha grassroots Startrek project near Gander, as well as three district scale land packages in North Central Newfoundland, known as Robert's Arm, Hodge's Hill, and Leamington, (collectively "Western Exploits") representing over 144,000 hectares (1,440 square kilometers) of prospective exploration

Alex Klenman, Chief Executive Officer

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

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the agreement of the parties to proceed with the proposed transaction on the terms set out in the Option Agreements or at all; Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; circumstances related to COVID-19; Leocor's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor's initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor's issuer page on SEDAR at www.sedar.com.

The forward-looking statements contained in this press release are made as of the date of this press release. Leocor 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to report that all matters set before the Annual General and Special Meeting of the Company held on Wednesday, June 22, 2022 ( the " Meeting ") were approved by the shareholders. An aggregate of 52,519,041 common shares of the Company (" Common Shares ") were voted representing 41.71% of the issued and outstanding Common Shares.

The seven nominees for the Board of Directors were elected and they are: John A. Barakso , Robert F. Brown , Richard T. Dauphinee , Alvin W. Jackson , Ilona Barakso Lindsay , David A. Schwartz , and Kristina Walcott .

Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company was approved by shareholders.

At the Meeting, shareholders also approved the amendments to the Company's 10% rolling Stock Option Plan (the " Stock Option Plan "), as described in the Company's Information Circular dated May 18, 2022 (the " Information Circular "). The Stock Option Plan was amended to comply with the new TSX Venture Exchange Policy 4.4 – Security Based Compensation , as disclosed in the Information Circular. The amended Stock Option Plan is a 10% "rolling" plan and as at the date hereof, 12,591,678 Common Shares are reserved for issuance under the amended Stock Option Plan (based on an aggregate 125,916,788 issued and outstanding Common Shares as at the date hereof). There are currently 6,100,000 stock options outstanding under the amended Stock Option Plan, exercisable for 6,100,000 Common Shares. The amended Stock Option Plan was conditionally approved by the TSX Venture Exchange on May 26, 2022 and is subject to final acceptance of the TSX Venture Exchange.

At a meeting of the Board of Directors held subsequent to the Meeting, the following officers were appointed for a further year:

Vice President, Exploration & QP, and

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details, please visit the Company's website at www.finlayminerals.com .

On behalf of the Board of Directors,

Robert F. Brown , P. Eng. President & CEO

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.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. 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. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/June2022/22/c1249.html

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Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report it has entered into two separate arm's-length agreements, pursuant to which the company will acquire a 100-per-cent interest in two battery metals projects in the province of Ontario and Quebec, collectively known as the Timmins West and Outarde Nickel Project northwest of Baie Comeau, Quebec

The first purchase agreement covers 5 mining claims totaling 1,940 hectares within the Kamiskotia Gabbroic Complex (KGC) located 20 km northwest of Timmins, Ontario (Figure 1). The KGC is a gabbroic to anorthositic intrusive mafic to ultra-mafic body that has documented nickel-copper-cobalt (Ni-Cu-Co) mineralization. An outcrop grab sample in 2004 reported 0.44% Ni, 0.64% Cu and 0.033% Co hosted by 10% pyrrhotite. The Property lies 40 km southwest of the Crawford Ni-Co Project being developed by Canada Nickel (TSXV:CNC).

The KGC property shares many similarities to other well-known complexes such as the Bushveld Complex (South Africa), the Stillwater Complex (USA) and Bell River Dore Lake Complexes (Quebec) (Barrie, 2000). The Timmins West Ni-Cu-Co property has historically been explored for gold. However, it's mafic to ultra-mafic composition within the KGC makes it a prime target for magmatic Ni-Cu-Co mineralization. The regional government flown magnetic signature of the KGC suggests a possible layer within the KGC that has the potential to a host a pyrrhotite-rich cumulate layer host to Ni-Cu-Co mineralization. An outcrop grab sample in (AFRI 42A12SE2024, sample 185247) taken in 2004 reported 0.44% Ni, 0.645% Cu, 332 ppm Co, 0.053 g/t Au and 3 g/t Ag. This sample was associated with 10% pyrrhotite in a gabbroic mafic outcrop. Eight (8) additional samples within 15 m of the 185247 also reported anomalous Ni-Cu-Co values.

The second purchase agreement comprises of 93 claims covering 5, 138 hectares located 120 km northwest of Baie-Comeau, Quebec. The Outarde Property contains nickel-copper-cobalt style mineralization and was last explored by Falconbridge in 1997. The property is located at the folded nose of a gabbro-norite suite of mafic rocks, part of the large anorthositic-gabbro pluton of the De La Blache Mafic Plutonic Suite (Figure 2). The gabbro-norite body occupies the entire length of the property (about 30 km) and has only been intermittently explored. Nickel and copper-bearing sulphides are generally located in fracture or shear zones. Highlights of the best Ni and Cu assays are 1.28% Ni and 1.38% Cu and 700 ppm Co from a grab sample. The property has not been drilled. Recommended work includes a high-resolution airborne magnetic and electromagnetic survey followed by ground truthing of detected anomalies. Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.

Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, "Falcon continues to build value for stakeholders and is pleased to add these ‘green metal' projects to our portfolio. The success of Canada Nickel in building the nearby Crawford Ni-Co Project to a zero-carbon producer of green metal provides impetus for the Timmins West acquisition. The Outarde Nickel Project acquisition adds to our green metal portfolio in an unexplored nickel-copper-cobalt suite of lithologies. The increasing demand for green metals and current supply deficits make projects like these very attractive long term in attracting new investments."

Falcon Gold purchased the Property from an individual (the "Vendor") for $10,500 in cash and the issuance of 100,000 common shares of the Company. The Vendor retains a 1% NSR which can be purchased by the Company for $300,000.

Falcon Gold purchased the property from an individual ("Vendor") for $12,000 in cash and the issuance of 150,000 shares. The vendor retains a 1% NSR that can be purchased by the Company for $300,000.

The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The QP and the Company has not completed sufficient work to verify the historic information on the properties comprising the Timmins West, particularly regarding historical exploration, neighbouring companies, and government geological work.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 9 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Falcon Gold Corp. "Karim Rayani"

Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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.

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Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that its common shares began trading on the OTCQB Marketplace under the new symbol " PUMXF " at the opening of trading this morning.

No further action is required from existing U.S. shareholders. Current and new U.S. investors can find the Company's recent financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.

Puma's common shares will continue to trade on the TSX Venture Exchange under the symbol "PUMA".

" This upgrade is part of the natural evolution of Puma. It provides an opportunity to build our visibility, expand our liquidity and diversify our shareholder base . The OTCQB Market provides Puma access to a much larger audience of U.S.-based institutional and retail shareholders. Our U.S. following has been growing, and this listing will enable us to welcome even more U.S. investors to our shareholder register, " said Marcel Robillard, President and CEO.

ABOUT THE OTCQB The OTCQB is a U.S. trading platform operated by the OTC Markets Group in New York and is the premier marketplace for early-stage and developing U.S. and international companies. Recognized by the U.S. Securities and Exchange Commission as an established public market, the OTCQB provides investors who cannot access trading on the TSX Venture Exchange with alternative access to the Company's shares through regulated U.S. broker-dealers.

ABOUT Puma Exploration Puma Exploration is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders with low share dilution.

Connect with us on Facebook / Twitter / LinkedIn Visit www.explorationpuma.com for more information or contact:

Marcel Robillard , President, (418) 750-8510; president@explorationpuma.com

Mia Boiridy , Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.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 press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

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