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Bald Eagle Announces High-Grade Soil Sample Discoveries, Extension of Strike Length of Hercules Silver Deposit with Newly Identified Silver-Mineralized Zones – InvestingNews.com

Bald Eagle Gold Corp. (” Bald Eagle ” or the ” Company “) (TSXV: BIG) (OTCBQ: BADEF) (FSE: 6W0) is pleased to report new zones of high-grade silver, lead and zinc values in soil samples. These discoveries were made during a regional geochemical sampling program at the Company’s 100% owned Hercules Silver Project in the Heath Mining District of Idaho (” Hercules “, or the ” Property “). Figures 1-4 illustrate the combined historical and 2021 sample results for silver, zinc, lead and manganese.
Bald Eagle Gold Corp. Logo (CNW Group/Bald Eagle Gold Corp.)
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https://baldeaglegold.com/news-page/bald-eagle-announces-high-grade-soil-sample-discoveries-extension-of-strike-length-of-hercules-silver-deposit-with-newly-identified-silver-mineralized-zones
Subsequent to the acquisition of the Property, the Company acquired the neighbouring Leviathan property and staked additional ground covering a total contiguous land position of 4,256 acres. Following this district-scale land consolidation, the Company conducted a regional geochemical sampling program, which consisted of 1,575 soil samples across the current and expanded land package. The program comprised confirmation sampling over a 640-acre historical survey grid and also over the full 4,256-acre consolidated project area. The new sampling verified strongly anomalous silver values reported by historical operators in the 1970’s and 1980’s. Additionally, it discovered an important extension of the silver-lead-zinc bearing Hercules Rhyolite over 2.6 kilometers southeast of the Belmont Zone. This extends the total strike length to upwards of 5.5 kilometers of favorable high-grade silver host rock, materially increasing the exploration potential of the Property. This newly acquired information, together with the 3D model comprising approximately 300 historical drill holes, will provide the Company with the key information needed to design its future drilling plans.
Management Commentary
Chris Paul , CEO and Director of the Company, comments: “Our new sampling results highlight the scale of silver mineralization at Hercules and demonstrate the potential for high grade mineralization far beyond the limits of historical drilling. These are very high soil geochemical values. 1,063 of 3,397 historical and 2021 soil samples grade 5.0 ppm or higher across the 4,256-acre consolidated project area. Continuous zones of strong silver grades in historical drilling at the Hercules Adit and Fishpond Zones are associated with soil anomalies of up to 1 ounce per ton silver (35 ppm), while several multi ounce silver in soil anomalies remain to be tested elsewhere on the Property. South of the Belmont Zone, a cluster of soil samples on the order of several hundred ppm remains to be adequately drill-tested. A 600 meter long coincident IP geophysical and soil anomaly between Hercules Ridge and Grade Creek currently represents the largest untested soil anomaly on the Property, with values consistently exceeding 1 ounce per ton silver (35 ppm). Finally, the new high-grade soil discovery 2.6 kilometers southeast of Belmont brings the total target strike length on the Property to 5.5 kilometers and demonstrates the significant scale of silver mineralization at Hercules.
Select High-Grade Soil Samples
The 2021 and historical soil programs cover areas disturbed by previous exploration and mining activities; and as a result, some values may be upgraded or downgraded in these areas to an extent which is difficult to quantify. Silver geochemical values from the 2021 survey range from nil to a high of 305 ppm. The table set forth on the following page highlights some of the select historical and 2021 soil samples returned from the Project.
Table 1 – Select High-Grade Soil Sample Values
SURVEY YEAR
ZONE
Ag (ppm)
Cu (ppm)
Pb (ppm)
Zn (ppm)
1977 Historical Survey
Belmont South
604
NR
NR
NR
1977 Historical Survey
Belmont South
224
NR
NR
NR
1977 Historical Survey
Belmont South
168
NR
NR
NR
1977 Historical Survey
Belmont South
73
NR
NR
NR
2021 Bald Eagle
Belmont South
305
1,502
3,289
3,481
2021 Bald Eagle
Belmont South
165
1,073
2,950
2,743
1987 Historical Survey
Grade Creek
130
1,500
3,400
2,700
2021 Bald Eagle
Grade Creek
89
188
3,559
3,526
1987 Historical Survey
Grade Creek
75
1,200
390
1,700
1987 Historical Survey
Grade Creek
62
380
1,000
1,100
1987 Historical Survey
Grade Creek
62
1,400
1,500
2,200
2021 Bald Eagle
Grade Creek
73
201
4,055
28,230
2021 Bald Eagle
Grade Creek
73
201
4,055
28,230
2021 Bald Eagle
Grade Creek Extension
67
303
2,961
3,560
2021 Bald Eagle
Fishpond
14
243
>10,000
548
2021 Bald Eagle
Fishpond
82
498
758
1,649
1977 Historical Survey
Fishpond Untested Extension
560
NR
NR
NR
2021 Bald Eagle
Haystack
80
316
1,160
1,380
2021 Bald Eagle
Hercules Ridge
70
369
680
2,092
2021 Bald Eagle
Eastern Porphyry Target
6.2
3,175
35
233
2021 Bald Eagle
New Southern Discovery
1.8
84
8,260
20,470
NR = No Assay Reported. Historical Sample
In addition to the strong silver values ranging up to 8.9 troy ounces per ton (305 ppm), the 2021 soils also contain high values of zinc up to 20,470 ppm (~2%), lead up to 8,260 ppm (~0.8%), manganese up to 38,571 ppm (~3.9%), copper up to 3,175 ppm (~0.32%), and molybdenum up to 38 ppm, spanning a total strike length of 5.5 kilometers, and highlighting the large and high-grade nature of the carbonate replacement deposit (CRD) style mineralization at the Project. The closest analogy to the style of mineralization is the Hardshell deposit, part of the Hermosa-Taylor CRD deposit in Arizona . This asset was purchased in 2018 by South32 Limited from Arizona Mining Corp. in a cash deal valued at C$2.1 billion .
High-Grade Silver in Soil Values Confirmed
Strong silver-lead-zinc values reported in historical soil samples between the Belmont and Grade Creek Zones on the Property, which reach up to 605 ppm silver (17.6 troy ounces per ton) in soil have now been confirmed by the Company. The 2021 regional geochemical survey overlaps the historical grid area and confirms the high-grade values reported historically, with 20 soil samples grading over one troy ounce per ton (35 ppm) and 96 samples grading over 10 ppm in soil. Where they overlap, the program results for silver, lead and zinc were compared with a Micromine TM paired data analysis, producing scatterplots that demonstrate comparable results in each campaign.  While the expected and actual variances of individual samples is high, anomaly contours separately generated with each campaign are also broadly coincident.
Figures 1-4 illustrate the combined historical and 2021 sample results for silver, lead, zinc and manganese. The favourable rhyolite host unit responsible for the strong soil grades remains open under cover in both directions, with a major new discovery of outcropping rhyolite now revealed 2.5 kilometers to the southeast, where erosion has partially removed the overlying basalt cover.
Hercules Rhyolite Extension Discovered 2.5 Kilometers to the Southeast
Silver-lead-zinc-manganese mineralization has previously been defined as far southeast as the Belmont Zone, which returned historical drill intercepts of up to 62.5 meters of 70.1 ppm silver and 0.14% zinc in hole 84-4. A north-south trending zone of mineralization was discovered in the final two years of historical drilling at the Belmont Zone in 1983 and 1984. Despite strong silver intercepts in the discovery holes, depressed silver prices at the time precluded any further drilling. The best soil anomaly at Belmont South remains untested, including both historical and 2021 soil sample values grading up to 165 ppm, 168 ppm, 224 ppm, 305 ppm, and 604 ppm (~17.6 ounces per ton in soil).
Southeast of the Belmont Zone, post-mineral cover had precluded any further exploration drilling along strike. However, in late 2021, a reconnaissance soil sampling line detected the geochemical signature of the favourable host rhyolite, with high-grade lead-zinc-manganese. This is approximately 2.5 kilometers to the southeast of Belmont . The new discovery is exposed only by a small and discrete erosional window through the basalt, which went completely undetected by all previous workers. Soil samples over the new discovery returned zinc values of up to 20,470 ppm (~2%), lead up to 8,260 ppm (~0.8%), silver up to 1.8 ppm and manganese up to 20,501 ppm (~2%), evidencing the characteristic rhyolite-hosted CRD style signature of mineralization on the Property. The discovery adds a minimum of 2.5 kilometers of completely untested strike and likely continues well southeast from its discrete surface exposure.
Best Target on the Property at Grade Creek Remains Untested
The Grade Creek target is situated in the north of the project area where the Hercules Rhyolite dips below the overlying Brownlee sedimentary rock cover. Some of the strongest silver-in-soil grades on the Property occur at Grade Creek, ranging up to 130 ppm with 14 samples over 50 ppm silver-in-soil. New sampling also returned the strongest zinc value ever taken from a soil sample on the Property, returning 28,230 ppm (~2.8%) zinc. Grade Creek also returned the highest manganese value of 38,571 ppm (~3.9%), as well as lead values of up to 5,200 ppm (~0.52%) and copper values of up to 1,200 ppm (0.12%), all of which are closely associated with silver mineralization on the Property. The new sampling demonstrates that the strongest soil grades and best targets on the Property remain to be tested. The Hercules Rhyolite is open to the northeast of Grade Creek, where it trends under Brownlee sedimentary rock cover.
Sampling Methodology
Samples were collected at 50-meter grid spacings over areas of known mineralization and 100-meter spacings outside of that. Reconnaissance style traverses were also conducted at 100-meter sample spacings in further reaching areas of the Property. Samples were collected with the use of dutch soil augers, with an effort made to consistently sample the same B horizon material at each sample site. The B horizon typically occurs at approximately 10-30 centimeters depth on the Property and is composed of silt-size material with elevated levels of clay and iron and manganese oxyhydroxides. The B horizon soil is known to preferentially adsorb trace metals such as silver, lead and zinc and is often the preferred sample media in mineral exploration surveys. Following collection, the samples were bagged, dried and shipped to MSA Labs in Langley, BC for analysis.
QAQC
All soil samples were prepped and analyzed at MSA Labs laboratory in Langley, B.C. MSA Labs inserts internal quality control standards, duplicates and blank samples at set frequencies. Samples were dried and sieved to -180 micron (80 mesh). Following preparation, soil assays were determined by IMS-131 method. A 25g aliquot of the prepared pulp is cold digested with HNO3, then HCl is added and the sample is heated at 130˚C for 40 minutes. Digestion is carried out in disposable plastic bottles to eliminate cross-contamination from digestion vessels and heated via graphite block for even heating. The resulting solution is analyzed via ICP-MS and ICP-AES for 51 elements and is corrected for inter element spectral interferences.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Donald E. Cameron , MSc, a Registered Member of the Society for Mining. Metallurgy and Exploration, Inc., a QP Member of the Mining & Metallurgical Society of America and an independent “Qualified Person” for Bald Eagle within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).  To the best of his knowledge, the technical information pertaining to the Hercules Silver Property, and discussion of it as disclosed in this news release is neither inaccurate nor misleading. Some of the technical information presented in this news release was collected prior to enactment of NI 43-101 and comprises paper records maintained by various companies that conducted exploration work on the Property.  Details of the geochemical sampling methods, security, assaying, and quality control methods used in the generation of this historical technical data are unknown to Bald Eagle Gold Corp.; however, in Mr. Cameron’s opinion, the historical geochemical sampling results are verified by the Bald Eagle Gold Corp. sampling program for the purposes of National Instrument 43-101.
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho . The Company’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work; risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits; the possibility that results will not be consistent with the Company’s expectations; as well as other assumptions, risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com .
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF BALD EAGLE AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BALD EAGLE MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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.
SOURCE Bald Eagle Gold Corp.

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It can be difficult finding a viable asset to develop for emerging mining and exploration companies. Luckily, the right management team operating in the right jurisdiction can push even junior players into the big leagues.
One of the US’ most prolific mining districts is Nevada. According to the Fraser Institute, the state ranks as one of the top mining jurisdictions in the world. Nevada hosts the perfect mix of existing infrastructure, a skilled local workforce and favorable warm weather year-round, which presents emerging mining companies with exceptional discovery potential and economic prospects.
Bald Eagle Gold (TSXV:BIG, OTCBQ:BADEF, WKN:A3DEW9, FSE: 6W0) is an emerging mineral exploration and development company focused on exploring gold districts in North America. The company is currently developing its high-quality Hot Springs gold property in Nevada, which leverages a stable operating environment, rich resource networks and widespread mineralization.
The company’s management team and board have a successful track record of growing companies through formation, listing, development and exit. Collectively, the team has raised over US$405 million in capital with companies such as UNX Energy (TSX:UNX), IC Potash (TSX:ICP), Namaste Technologies (TSXV:N) and Khiron Life Sciences (TSXV:KHRN).
With Bald Eagle Gold, the leadership team applies its expert exploration experience and technical skills to develop new highly prospective mineral exploration projects. This management team primes the company for growth and mining success.
Bald Eagle Gold has generated a high-quality pipeline through long-standing relationships with local operators, key decision-makers and market participants. These connections help Bald Eagle advance its objective to acquire, expand and enhance its asset’s resources to reserves over the early stages of its current commodity cycle.
The Hot Springs property is a historically explored property with a significant source of gold mineralization first discovered in the 1890s. The property hosts two main targets: the Dutch Flats shear zone and the mid-Paleozoic calcareous and limestone zones.
bald_eagle_mpa1
The project’s exploration history for the project is primarily shallow drilling and surface sampling, with the discovery of quartz-gold nuggets at surface. Bald Eagle theorizes that much of the high-grade gold discovery lies deeper into the property. The company is excited to explore its multiple drill targets across the property. The Battle Mountain and Getchell-Comstock gold trends intersect through the district and host world-class epithermal and Carlin-type deposits. Eighteen mines have been discovered across the district — including mines ones from well known companies such as Hecla (NYSE:HL), Newmont (NYSE:NEM,TSX:NGT) and Barrick Gold (NYSE:GOLD,TSX:ABX) — and considerable exploration and development potential remains.
The company’s goal is to expand its portfolio of high-grade mineral assets through organic exploration and development. Immediate plans for the Hot Springs property involve developing new geologic models to test the property and continuing drilling to uncover the property’s discovery possibilities at depth.
In 2021, Bald Eagle received TSX Venture Exchange and other regulatory approval for the acquisition of a 100 percent interest in the Hercules Silver Property located in Washington County, Idaho. The Hercules Property is a significant brownfield land package of nine square kilometers within the underexplored Cuddy Mountain Mining. Its silver-rich terrane has been prospected for silver occurrences since the late 19 th century, with six historically identified silver-mineralized zones. Hercules Silver has historic drill intercepts including hole 80-13 with 10.7 meters of 825 grams/tonne (“g/t”) silver, hole PH 42 with 29.3 meters of 259 g/t silver and hole PH 33 with 14.6 meters of 562 g/t.
The Hot Springs property spans 11,894 acres and is strategically located at the intersections of Getchell-Comstock and Battle Mountain, which is part of gold trends found in the prolific Arkosic Triangle in Nevada. The trend hosts well-known gold mines as well as Carlin-type and epithermal gold deposits.
Historical exploration of the property confirms multiple occurrences of gold, both at surface and depth, uncovered through surface sampling and drilling. Drilling campaigns from 2007 returned mineralization estimates of 16 million tonnes at 0.18 g/t grade for 91,750 ounces of gold. Recent exploration indicates exceptional grades above 1 ounce per tonne gold at surface and quartz-gold nuggets at surface, indicating a source within two miles.
bald_eagle_mpa2
Mid-paleozoic limestone and calcareous sediments indicate the high probability of Carlin-type deposits, similar to the nearby Turquoise Ridge mine and neighboring mines from companies including Hecla, Newmont and Barrick.
In 2020, the company completed deep structural geophysics and a drilling campaign over the property. The next steps for the project include a proposed US$1.8 million drilling campaign that would involve up to 5,000 meters of drilling, IP and CSAMT and claims staking, for which Bald Eagle has expressed excitement.
Mr. Harari is the founder of Canalis Capital, a merchant bank focused on disruptive industries. Prior to founding Canalis Capital, Mr. Harari worked at Credicorp Bank in its private wealth group in Panama and Nomura’s consumer and retail investment banking group based in New York City . Mr. Harari graduated with honors from the University of Pennsylvania with a Bachelor of Science in systems engineering and a minor in engineering entrepreneurship and mathematics. Mr. Harari is an active angel investor across the mining, technology, fashion, cannabis, e-commerce, and energy sectors. Mr. Harari also serves as CEO of IM Exploration (CSE:IM) and CEO of Momentous Capital Corp. (TSXV:MCC.P), a Capital Pool Company which is in the process of completing its qualifying transaction. Mr. Harari also served as the deputy director of the Chamber of Commerce, Industry and Agriculture of Panama.
Mr. Paul holds a B.Sc. in Geology from Simon Fraser University and a Diploma in Mining & Mineral Exploration Technology from the British Columbia Institute of Technology. He is the Principal and Founder of Ridgeline Exploration Services, a technical services company which was acquired by Goldspot Discoveries Corp. in 2021.
Darren Collins has over 15 years of corporate finance and public company experience with a background in corporate finance, M&A, corporate, governance and public accounting. He has previous experience with Scotia Capital, Quest Capital, currently renamed Sprott Resource Lending, and various public issuers.
Antoine holds a B. Eng. In Geological Engineering from Laval University and brings strong precious metals experience to the Company, with previous success ranging from Greenfields to Brownfields exploration projects throughout Quebec , Ontario , the Yukon Territories and British Columbia . Antoine was fundamental in the exploration, development, and advancement of the Bralorne Gold Project in British Columbia , with resources of over half a million ounces of gold.
Mark Smethurst is a professional geologist with over 25 years of experience. He has held previous executive appointments as VP and COO of Resource Development for public companies and is currently a Qualified Person defined by National Instrument 43-101.
Ms. Lane is a Mining Engineer with more than 35 years of experience. Her experience includes feasibility studies, mine and process engineering and project development for surface and underground mines. She has managed projects in the US, Canada, Mexico, Ireland, Russia, China, Bolivia, Peru and Africa.
Mr. Samari is a geologist with more than 30 years of experience. He has experience in structural geology, mining geology, economic geology, and seismic assessment. His project experience spans multiple jurisdictions and includes exploration and resource definition for gold, silver, copper and other metals
Mr. Feinstein holds a Ph.D. in Geological Sciences and an M.Sc. in Economic Geology from the University of Texas El Paso, as well as a B.Sc. in Geology and Geography from Sam Houston State University. He is president of Mineoro Explorations, leading exploration and development of mineral properties in the US, Mexico and Canada.
Nicholas Tintor, a geologist, and mining executive will be an active Executive Director of the Company. He has more than 35 years of experience in the Canadian mining industry and has been involved in all aspects of the junior mining sector including executive management, project generation, corporate finance, and investor relations.
He holds a B.Sc., Geology from the University of Toronto and is a Qualified Professional Member of the Mining and Metallurgical Society of America and a Qualified Person as defined by NI 43-101. He is also a lifetime member of the Prospectors & Developers Association of Canada , and a member of PDAC’s Securities Committee.
Michael Bandrowski, an executive and former research analyst, will be an Independent Director of the Company. For the past 16 years, he has been active in the mineral exploration and development industry as a mining research analyst and mineral exploration and development corporate executive. He holds a B.Sc. in geology and an MBA and has previously served on numerous public and private company boards. He is currently President and Chief Executive Officer of Big Ridge Gold Corp., a company which is acquiring an 80 per cent interest in Hope Brook Gold Project of Newfoundland and Labrador , an advanced stage, high-grade gold project. He was Founder of Escarpment Capital Advisors, a premier Canadian mining advisory firm. Over a nine-year period, he was a mining Research Analyst at Beacon Securities Inc., a mining Research Analyst at Clarus Securities Inc., and a Research Associate at Paradigm Capital.
Dr. Laurence Curtis is an economic geologist with over 45 years of experience in exploration, mine development, and financing of precious metals resources . He holds a Ph.D. from the University of Toronto and is a licensed Professional Geologist ( Ontario ) and a Lifetime Member of the PDAC.
Dr. Curtis is currently a director of Excellon Resources Inc. and formerly a Director of Wheaton River Minerals, High River Gold and Breakwater Resources. In 1996 he founded Intrepid Minerals Corporation as a mineral exploration and development company and was with the company through to 2014. During that period, he operated as Chief Executive Officer and Chief Operating Officer. Under his tenure, the company advanced projects in Argentina , Central America , and Western Australia . During the transition to Intrepid Mines Ltd., he effected substantial financings and negotiated significant joint ventures with major international mining companies.
Jean Depatie has had a distinguished career in the mining industry in Canada and internationally for the past 45 years. He is an internationally recognized expert in mineral exploration and development and minerals and mining corporate finance including financing and mergers and acquisitions. Mr. Depatie is a graduate of the University of Montréal where he obtained a B.A in Mathematics and Physics and a B.Sc. in Geology. He received an M.Sc. from Laval University in Québec City. He was a Director of Glamis Gold (which was sold to Goldcorp creating a $21.3 billion company), a Director of Novicourt Inc. (which was acquired by Xtrata), and a Director of Consolidated Thomson Iron Mines (acquired by Cliff Resources in a $4.9 billion acquisition transaction). Mr. Depatie has served many public companies at the highest levels. As President and CEO of Louvem Mines he was instrumental in the discovery of the Louvicourt base metal mine and the development of the Beaufor gold mine in Quebec. As a Director of Gold Hawk Resources, he was involved in the acquisition and reactivation of the Cobre San Juan base metal mine located in San Mateo, Peru.
*Disclaimer: This profile is sponsored by Bald Eagle Gold (TSXV:BIG). This profile provides information which was sourced by the Investing News Network (INN) and approved by Bald Eagle Gold in order to help investors learn more about the company. Bald Eagle Gold is a client of INN. The company’s campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Bald Eagle Gold and seek advice from a qualified investment advisor.
 Bald Eagle Gold Corp. (TSXV: BIG) (OTCBQ: BADEF) (” Bald Eagle ” or the ” Corporation “) is pleased to announce today that it has filed on SEDAR a technical report (the ” Technical Report “) pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (” NI 43-101 “) for its Hercules Silver Project located within the under-explored Cuddy Mountain mining district in West Central Idaho.
Bald Eagle Gold Corp Logo (CNW Group/Bald Eagle Gold Corp.)
The Technical Report, titled “Technical Report for the Hercules Silver Project, Washington County, Idaho , USA” was independently prepared for Bald Eagle by Mr. Donald E. Cameron , P.Geo, LG, SME-RM of Cameron Resource Consulting, LLC, an independent and “Qualified Person” under NI 43-101 (the ” Author “). The Technical Report is dated February 9 th , 2022, with an effective date of November 15, 2021 , and has been filed on the Corporation’s profile on SEDAR at www.sedar.com and is also available on Bald Eagle’s website at www.baldeaglegold.com .
Chris Paul , CEO of Bald Eagle, commented: “We are pleased to have published a Technical Report on our newly acquired Hercules Silver project in Idaho . This Technical Report is the culmination of many months of digitization and in-depth research, involving the review of several hundred historical reports on the project. This report, which was prepared by Mr. Donald E. Cameron , P.Geo, LG, SME-RM, provides a comprehensive overview of all aspects of the project. We encourage all interested investors who would like to learn more about the project and its history to download the report which is now available on SEDAR.”
The technical information contained in this news release was reviewed and approved by Mr. Donald E. Cameron, P.Geo, LG, SME-RM of Cameron Resource Consulting, LLC (CRC), a “Qualified Person” as defined by NI 43-101.  Mr. Cameron has 45 years of experience working in exploration and mining of precious and base metals on five continents. He has served in the capacity of Chief Geologist at the Cannon Mine for Asamera Minerals, Inc., Chief Geologist for Hecla Mining Company, Chief Geologist– Operations for Bema Gold Corp. and as Director of Technical Services, Russia and South America for Kinross Gold Corp.  Since 2011, Mr. Cameron has carried out diverse assignments for several junior and major companies, including district mapping, drill planning, resource estimation, audit and due diligence, and ongoing support for new small and major mines through his company, CRC.  Through CRC, he is the developer of the StopeCalc TM app for underground mine grade control.
Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining corporation focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho . The Corporation’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Corporation may also evaluate the acquisition of other mineral exploration assets and opportunities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Simeon
Chairman of the Board & Director
SOURCE Bald Eagle Gold Corp.

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Bald Eagle Appoints Chris Paul as Chief Executive Officer, Antoine Soucy-Fradette as Vice President of Exploration and Peter Simeon as Chairman of the Board
Bald Eagle Gold Corp. logo (CNW Group/Bald Eagle Gold Corp.)
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/
TORONTO , Jan. 25, 2022 /CNW/ Bald Eagle Gold Corp. (” Bald Eagle ” or the ” Corporation “) (TSXV: BIG) (OTCBQ: BADEF) announces the appointment of Christopher Paul as Chief Executive Officer of the Corporation. Mr. Paul holds a B.Sc. in Geology from Simon Fraser University and a Diploma in Mining & Mineral Exploration Technology from the British Columbia Institute of Technology. He is the Principal and Founder of Ridgeline Exploration Services, a technical services company which was acquired by Goldspot Discoveries Corp. in 2021. Raymond Harari will step down as Chief Executive Officer and will continue as President of the Corporation.
In addition, Antoine Soucy-Fradette has been appointed as VP Exploration of the Corporation. Antoine holds a B. Eng. In Geological Engineering from Laval University and brings strong precious metals experience to the Company, with previous success ranging from Greenfields to Brownfields exploration projects throughout Quebec , Ontario , the Yukon Territories and British Columbia . Antoine was fundamental in the exploration, development, and advancement of the Bralorne Gold Project in British Columbia , with resources of over half a million ounces of gold.
Chris Paul stated: “I’m very excited to be joining Bald Eagle’s management team, alongside Antoine Soucy-Fradette as we look to lead the exploration and development of the Company’s newly acquired Hercules Silver project in Idaho . The recent acquisition gives the Company strong leverage to a rising silver price environment at a time when inflation is forecasted to remain high for the foreseeable future. Idaho was ranked 9 th in the world in the Fraser Institute’s Mining Attractiveness Index and #1 in the Policy Perception Index. Bald Eagle is uniquely positioned with 100% ownership in one of the few pure-play silver projects available on the market. The project’s strong historic results and politically favourable location provide a rare opportunity, of which I am very excited to be a part of.”
Furthermore, Peter Simeon , a current director of the Company, has been appointed Chairman of the Board.
The Corporation also announces the grant of 1,700,000 restricted share units (” RSUs “) to a senior officer of the Corporation pursuant to the Corporation’s restricted share unit plan which was approved by shareholders on February 12, 2021 (the ” RSU Plan “). The RSUs will vest immediately. Upon vesting, the RSUs entitle the holder to payment in cash or common shares in the capital of the Corporation, or a combination thereof, in accordance with the RSU Plan.
The Corporation also announces the grant of 1,200,000 incentive stock options (” Options “) to an officer of the Corporation pursuant to the Corporation’s incentive stock option plan which was approved by shareholders on February 12, 2021 (the ” Option Plan “). Twenty-five per cent (25%) of the Options will vest in six (6) months and 25% every six (6) months thereafter
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho . The Company’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, the vesting of RSUs and Options and the business and strategic plans of Bald Eagle.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Bald Eagle Gold Corp.

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Bald Eagle Gold Corp. (” Bald Eagle ” or the ” Corporation “) (TSXV: BIG) (OTCQB: BADEF) announces today that Mr. Sidney Himmel has resigned from the board of directors of the Corporation in order to pursue other interests. The board has accepted his resignation. The Corporation thanks Mr. Himmel for his valuable contributions and wishes him great success in his future endeavors.
Bald Eagle Gold Corp Logo (CNW Group/Bald Eagle Gold Corp.)
As a result of these announced changes, the Board will be composed of Raymond D. Harari , Darren Collins , Peter Simeon , Nicholas Tintor and Christopher Paul . The senior operating executives of the Company will be Mr. Raymond D. Harari as Chief Executive Officer and President and Darren Collins as Chief Financial Officer.
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho . The Company’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
ON BEHALF OF THE BOARD OF DIRECTORS
Raymond D. Harari
CEO, President & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Bald Eagle Gold Corp.

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 Bald Eagle Gold Corp. (” Bald Eagle ” or the ” Company “) (TSXV: BIG) (OTCQB: BADEF) is pleased to announce that the Company has appointed Mr. Darren Collins the Chief Financial Officer of the Company to the board of directors of the Company  (the ” Board “). In addition, Mr. Marc-André Lavoie has resigned from the Board. The Board thanks Mr. Lavoie for his service as a director.
Bald Eagle Gold Corp Logo (CNW Group/Bald Eagle Gold Corp.)
As a result of these announced changes, the Board will be composed of Sidney Himmel , Raymond Harari , Darren Collins , Peter Simeon , and Nicholas Tintor . The senior operating executives of the Company will be Mr. Raymond Harari as President, Sidney Himmel as Executive Chairman and Darren Collins as Chief Financial Officer.
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metals districts in the Americas. The Company’s objective is to acquire advanced exploration projects for exploration and development. Advancing acquired properties will be through evaluating historical data and utilizing modern exploration techniques and geological concepts. The management team and board of directors of the Company have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.
ON BEHALF OF THE BOARD OF DIRECTORS
Raymond Harari
President & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Bald Eagle Gold Corp.

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/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/
Bald Eagle Gold Corp. (” Bald Eagle ” or the ” Company “) (TSXV: BIG) (OTCBQ: BADEF)  announces that, further to the Company’s press release dated October 4, 2021 the Company, has completed the transaction (the ” Transaction “) involving the assignment of its 50% joint venture interest in certain unpatented mineral claims and leases in Nevada forming the Hot Springs property (the ” Hot Springs Property “) to Huizenga Exploration Group, LLC (” HEG “).
Bald Eagle Gold Corp Logo (CNW Group/Bald Eagle Gold Corp.)
Pursuant to the terms of the Transaction, the Company received USD$1,270,000 in cash.
Mr. Raymond Harari , President and Director, commented: “We are pleased to have successfully completed the divestment of our position in the Hot Springs Property, bringing in significant non-dilutive capital, which will enable us to undertake an exploration program in the recently acquired Hercules property. The completion of this Transaction is another step towards pivoting to our prospective silver property in Idaho .”
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metal districts in the Americas. The Company’s objective is to acquire advanced exploration projects for exploration and development. The Company intends to, through evaluating historical data and utilizing modern exploration techniques and geological concepts enhance resources. The management team and board of directors of the Company have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, the future operating or financial performance of Bald Eagle.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Bald Eagle Gold Corp.

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iMetal Resources Inc. (TSXV:IMR) (OTC PINK:ADTFF) (FRA:A7V2) (“iMetal” or the “Company”) announces that as a result of market interest it has elected to increase the size of its previously announced non-brokered private placement (the “Placement”). The Company will continue to offer up to 16,666,667 units (each, a “Unit”) at a price of $0.12 per Unit for gross proceeds of up to $2,000,000. Each “Unit” will consist of one common share of the Company and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.20 for a period of twenty-four (24) months (each, a “Warrant
The Company will also offer up to 6,666,667 flow-through units (each, an “FT Unit“) at a price of $0.15 per FT Unit for further gross proceeds of up to $1,000,000. Each “FT Unit” will also consist of one common share (each, an “FT Share“) of the Company and one Warrant. The FT Shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).
Proceeds from the Placement will be used for the development of the Company’s Gowganda West Project, as well as development of the Kerrs Gold Deposit in the event the previously announced property option is consummated and for general working capital purposes. Completion of the Placement is not contingent on the acquisition of rights to the Kerrs Gold Deposit, and the Company will proceed with the Placement even if the acquisition is not consummated.
In connection with the Placement, the Company may pay finders’ fees to eligible third-parties who have introduced subscribers to the Company. All securities issued in connection with the Placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the Placement remains subject to the approval of the TSX Venture Exchange.
About iMetal Resources Inc.
A Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. iMetal is focused on advancing its Gowganda West Project that borders the Juby Project, an advanced exploration-stage gold project located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
iMetal Resources Inc.
saf@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.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 may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. 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 results of exploration, variations in results of mineralization, relationships with local communities, market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
SOURCE: iMetal Resources, Inc.
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David Erfle: Technical Bottom in for Gold Stocks, Where to Find Opportunityyoutu.be
Interesting gold price action has been brought on in recent weeks by factors like the ongoing war between Russia and Ukraine, as well as last week’s US Federal Reserve meeting.
The yellow metal is still trading at elevated levels, but will its gains stick? David Erfle, editor and founder of Junior Miner Junky, said he sees support trying to hold at the US$1,900 or US$1,920 per ounce level.
However, he told the Investing News Network, he wouldn’t be surprised to see gold test US$1,850 since it was facing “strong resistance” there before the conflict allowed it to break out.
Erfle is bullish overall moving forward, and noted that when the Fed begins a new cycle of hiking interest rates, that tends to mark a low point in the gold market. In this case, the central bank’s plans were telegraphed far in advance, and gold companies began to bottom about six months ago.
“The gold stocks have now technically put in a bottom — both the VanEck Gold Miners ETF (ARCA:GDX) and the VanEck Junior Gold Miners ETF (ARCA:GDXJ) have technically put in six month bottoms,” he said.
When asked where he’s focusing right now in terms of stocks, Erfle said he’s been acquiring later-stage junior developers that are at the feasibility stage, or at or close to the financing phase. Many have experienced significant selloffs, but he believes that looks set to change with financing becoming more accessible, and with market participants realizing that the assets held by these companies have good margins with a more elevated gold price.
Erfle anticipates more gold M&A this year, and noted that single asset developers and producers will likely continue to be taken out by larger companies. Earlier-stage companies are also gaining attention from global miners.
“I expect to see a couple more mergers of equals as well, because let’s face it — this sector needs more consolidation. To attract generalist capital, these companies need to get bigger,” he explained.
Watch the video above for more from Erfle on gold and gold stocks.
Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

All amounts expressed in US dollars
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) Africa’s largest gold mine, Kibali, has made a strong start to 2022 and is on track to equal its 2021 production this year. Last year it again replaced the reserves depleted by mining and its prolific KZ trend of orebodies continues to deliver opportunities for significant open pit and underground growth.
Speaking to media here today, Barrick president and chief executive Mark Bristow said Kibali had notched up a number of other key deliverables during the current quarter. These include the signing of a cahier de charge with the surrounding communities to formalize their role in identifying and overseeing the mine’s investment in social development projects.
Another section of the Durba road to Watsa has been completed and the resettlement of the Kalimva-Ikamva and Pamao villages has started with the first group of people moving into their new homes. On the health and safety front, there have been zero lost time injuries during the quarter so far, the malaria and HIV programs continue to deliver infection rate reductions and 60% of our employees have been vaccinated against Covid-19, versus a national average of 1%.
In addition to Kibali’s long-standing support for conservation measures in one of DRC’s leading national parks, African Parks and Barrick are looking to reintroduce the white rhino to the Garamba national park. In what will be the largest exercise of its kind, the plan envisages the relocation of around 50 white rhinos to Garamba creating a new population group which is critical in the long-term plan to protect this species. In line with Barrick’s development strategy, the mine also launched the Garamba Alliance in partnership with the US Agency for International Development (USAID).
Since the project that became Kibali was acquired in 2009, its probable mineral reserves were doubled to more than 10 million ounces 1 of gold in 2010. Construction then started the following year, three hydropower plants were built and the infrastructure – including the road to the Ugandan border – was developed. The mine went into production in 2013 and still today has more than 10 years of mine life ahead, with 2021 total proven and probable mineral reserves of 83Mt at 3.60g/t for 9.6Moz 2 of gold, before considering extensions to known orebodies and new discoveries. Since 2009, Kibali has invested almost $4 billion in the DRC in the form of royalties, taxes and permits; infrastructure and community development; salaries; and payments to local suppliers and contractors, which have created a thriving regional economy.
“Barrick is continuing to invest in the DRC, not only by developing the many new growth opportunities which are extending Kibali’s life, but also through pursuing greenfields exploration and other opportunities across the country as we search for our next world-class discovery,” Bristow said.
Enquiries:
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
DRC country manager
Cyrille Mutombo
+243 812 532 441
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Endnotes
Technical Information
The scientific and technical information contained in this press release has been reviewed and approved by Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resources Manager, Africa & Middle East and Rodney Quick, MSc, Pr. Sci.Nat, Mineral Resource Management and Evaluation Executive.
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “ahead”, “on track”, “continue”, “envisage”, “strategy”, “pursue”, “expect”, “will”, “maintain”, “growth”, “opportunities”, “design” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Kibali’s production guidance and performance; opportunities to grow reserves net of depletion and extend Kibali’s mine life; the potential for significant open pit and underground growth from the KZ trend of orebodies; the anticipated environmental and operational benefits from Kibali’s investment in its infrastructure including hydropower stations and roads; Kibali’s health, safety and environmental protection programs, including the resettlement of the Kalimva-Ikamva and Pamao villages, its Covid-19 prevention protocols and initiatives to secure Covid-19 vaccines as well as the Garamba Alliance; Barrick’s plan to reintroduce white rhinos to the Garamba national park in partnership with USAID; and Barrick’s commitment to the DRC and potential further growth opportunities.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; the possibility that future exploration results will not be consistent with the Company’s expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; steps required prior to the distribution of cash and equivalents held at Kibali in banks in the Democratic Republic of Congo; risks associated with projects in the early stages of evaluation, and for which additional engineering and other analysis is required; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; uncertainty whether some or all of Barrick’s targeted investments and projects will meet the Company’s capital allocation objectives and internal hurdle rate; changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the DRC and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; litigation and legal and administrative proceedings; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick 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 applicable law.
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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for its Segovia Operations prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) with an effective date of December 31, 2021.
Highlights of the updated Mineral Resource Estimate as of December 31, 2021 (the “2021 MRE”) include:
The following table summarizes the 2021 MRE with an effective date of December 31, 2021 for the Segovia Operations and the changes by category in tonnes, grade and ounces of gold compared with the previous total MRE as of December 31, 2020:
(1) The Mineral Resources are reported at an in situ cut-off grade of 2.9 g/t Au over a 1.0 m mining width, which has been derived using a gold price of US$1,800 per ounce and suitable benchmarked technical and economic parameters for the existing underground mining (mining = US$99.0/t, processing = US$26.0/t, G&A = US$22.0/t, Royalties = US$6.1/t) and conventional gold mineralized material processing (90.5%). Each of the mining areas have been sub-divided into Pillar areas (“Pillars”), which represent the areas within the current mining development, and long-term resources (“LTR”), which lie along strike or down dip of the current mining development. Mineral Resources are reported inclusive of the Mineral Reserve. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All composites have been capped where appropriate. Some production at Segovia is sourced from mining areas that are not currently included in the Company’s MRE.
(2) Sourced from the NI 43-101 Technical Report, Prefeasibility Study Update, Segovia Project, Colombia dated May 13, 2021 and effective as of December 31, 2020, prepared by SRK Consulting (US) Inc. (“SRK”).
The 2021 MRE reflects an increase in the diamond drilling database of 412 holes for 93,868 meters compared to December 2020. A new vein has been added to the Mineral Resource at the historical Vera mine, which includes an additional 63 holes for 9,640 meters (including 27 holes for 7,509 meters of new drilling), bringing the total cumulative drilling database to 2,553 holes for 378,846 meters. All diamond core drilling during 2021 has been logged and sent for preparation at the SGS laboratories in Medellin, with associated Quality Control Programs. In addition to the drilling, a total of 13,001 channel samples totalling some 11,485 meters in length were added to the database in 2021, including 4,588 channel samples totalling 3,326 meters from historical FGM sources, and 92 channels for 106 meters of GCM check sampling for Vera.
The 2021 MRE was prepared using a block model constrained with 3D wireframes of the principal veins, which have been sub-domained using high-grade mineralisation wireframes to constrain the influence of higher grade material. Assays are capped prior to compositing. Values were interpolated using ordinary kriging for well informed areas and inverse distance squared methodology for smaller veins with limited data. All models have been depleted using projections of the mining faces through the entire width of the veins. Classification has been applied based on a combination of data quality, confidence in the spatial location, and confidence in the mining depletion shapes. Only material reporting above a cut-off of 2.9 g/t over a minimum stope width of 1.0 m has been included in the 2021 MRE. The MRE for Las Verticales has not been updated as no new information is currently available and the previous estimate for this project remains valid.
Ben Parsons, Principal Consultant (Resource Geology) with SRK, prepared the Segovia MRE according to CIM Definition Standards and will be supported by a NI 43-101 independent report which will be published and filed on the Company’s website and SEDAR profile within 45 days. Mr. Parsons is a Qualified Person as defined by NI 43-101. The NI 43-101 independent report will include detailed information on the key assumptions, parameters and methods used to estimate the mineral resources.
Segovia’s Life-of-Mine (“LOM”) Mineable Gold Reserves Total Approximately 633,000 Contained Ounces Effective December 31, 2020
SRK has also completed preliminary results of an updated Preliminary Feasibility Study (“Segovia PFS”) for the Segovia Operations effective December 31, 2021 and is currently finalizing the technical report. At December 31, 2021, Segovia’s reported Mineral Reserve totaled approximately 745,000 proven and probable ounces of gold, based on 2.3 million tonnes of material at an average head grade of 10.1 g/t, compared with 633,000 ounces at the end of 2020 based on 2.2 million tonnes of material at an average head grade of 9.0 g/t.
For the Segovia PFS, SRK included the geological and resource modelling of the various deposits and mining areas that comprise the operating mine site of the Segovia Operations. A mining study and schedule was prepared by both SRK’s and the Company’s technical professionals to create a LOM production schedule, including both Company-operated areas and contractor-operated areas within the Company’s Providencia, El Silencio, Sandra K and Carla mines. The Segovia PFS production schedule includes only Proven and Probable Reserves, and as such, the annualized level of production over the seven-year projected mine life in the Segovia PFS may be lower than the Company’s current expectations. This is largely due to the exclusion of Inferred Resources in the LOM production schedule in the Segovia PFS which the Company currently mines and intends to continue mining in the future. In addition, the material processed under operating contracts at the Company’s Maria Dama plant from the small-scale mines located in the Company’s mining title is not included in the LOM production schedule in the Segovia PFS as it falls outside the Company’s mines and is therefore not included in the Company’s 2021 MRE or Mineral Reserves.
The following table shows a breakdown of the Mineral Reserve as of December 31, 2021 by area and category compared with the total Mineral Reserve as of December 31, 2020:
(1)   Ore reserves are reported using a gold cutoff grade ranging from 3.20 to 3.51 g/t depending on mining area and mining method. The cutoff grade calculations assume a $1,650/oz Au price, 90.5% metallurgical recovery, $6/oz smelting and refining charges, 3.5% royalty, $21.72/t G&A, $26.06/t processing cost and mining costs ranging from $99.70/t to $114.05/t. The reserves are valid as of December 31, 2021. Note that costs/prices used here may be somewhat different than those in the final economic model. This is due to the need to make assumptions early on for mine planning prior to finalizing other items and using long term forecasts for the life of mine plan. Mining dilution is applied to a minimum mining height and estimated overbreak (values differ by area/mining method) using a zero grade. Reserves are inclusive of Mineral Resources. All figures are rounded to reflect the relative accuracy of the estimates. Totals may not sum due to rounding. Mineral Reserves have been stated on the basis of a mine design, mine plan, and economic model. There are potential survey unknowns in some of the mining areas and lower extractions have been used to account for these unknowns. The Mineral Reserves were estimated by Fernando Rodrigues, BS Mining, MBA, MMSAQP #01405, MAusIMM #304726 of SRK, a Qualified Person.
(2)   Sourced from the NI 43-101 Technical Report, Prefeasibility Study Update, Segovia Project, Colombia dated May 13, 2021 and effective as of December 31, 2020, prepared by SRK.
A summary of the key LOM operating and financial parameters of the current Segovia PFS dated as of December 31, 2021 compared with the previous Segovia PFS prepared as of December 31, 2020 is as follows:
(1) Sourced from the NI 43-101 Technical Report, Prefeasibility Study Update, Segovia Project, Colombia dated May 13, 2021 and effective as of December 31, 2020, prepared by SRK.

Fernando Rodrigues, BS Mining, MBA, MAusIMM, MMSAQP Practice Leader/Principal Consultant (Mining Engineer) with SRK, prepared the Segovia Mineable Reserve according to CIM Definition Standards and will be supported by a NI 43-101 independent report which will be published and filed on the Company’s website and SEDAR profile within 45 days. Mr. Rodrigues is a Qualified Person as defined by NI 43-101. The NI 43-101 independent report will include detailed information on the key assumptions, parameters and methods used to estimate the mineable reserve.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (27%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com .
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to mineral reserves and resources, LOM production, Segovia PFS financial data and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in the Company’s Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
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Barrick Gold Corporation (“Barrick”) (NYSE:GOLD) (TSX:ABX) announced today that it has entered into a purchase and sale agreement (the “Purchase Agreement”) dated March 23, 2022 with a Canadian investment dealer (the “Dealer”) pursuant to which Barrick agreed to sell, and the Dealer agreed to purchase, 8,831,250 common shares of Skeena Resources Ltd. (“Skeena”) for resale on a bought deal basis, on and subject to the terms and conditions set forth in the Purchase Agreement (the “Disposition”). The gross consideration for the common shares consists of cash in the aggregate amount of C$132,468,750 (C$15.00 per common share).
Immediately prior to the closing of the Disposition, Barrick will have beneficial ownership of, or control and direction over, 8,831,250 common shares of Skeena, representing approximately 12.9% of the issued and outstanding common shares of Skeena, 2,812,500 of which were acquired as a result of Barrick exercising 2,812,500 common share purchase warrants on March 23, 2022 (based on 68,684,809 issued and outstanding Skeena common shares). Immediately following the closing of the Disposition, Barrick will not have beneficial ownership of, or control or direction over, any of Skeena’s issued and outstanding common shares.
Barrick is proceeding with the Disposition for investment portfolio management purposes. Depending on market conditions and other factors, including Skeena’s business and financial condition, Barrick may, acquire securities of Skeena or dispose of some or all of the securities of Skeena that it may own at such time.
A copy of the early warning report to be filed by Barrick in connection with the Disposition will be available on Skeena’s profile on SEDAR at www.sedar.com . A copy may also be obtained by contacting Kathy du Plessis at the phone number below. The corporate office of Barrick is Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212 Toronto, Ontario, M5J 2S1. Skeena’s head office is located at 650-1021 West Hastings Street, Vancouver, British Columbia V6E 0C3.
Enquiries

Website: www.barrick.com
Cautionary Statement on Forward-Looking Information
Certain information contained in this press release, including any information relating to Barrick’s investment in Skeena, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may” and “will” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the potential for Barrick to acquire common shares or securities of Skeena or to dispose of some or all of the common shares or other securities of Skeena that Barrick owns at the time. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements, and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Barrick 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 applicable law.

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