Falcon Initiates Exploration on Gold, Silver and Copper Concessions, La Rioja, Argentina

HIGHLIGHTS:

  • Falcon holds large under-explored significant land position;
  • Mapping of numerous historical and newly discovered high-grade gold occurrences;
  • Twenty-four samples sent for multi-element analyses and assay; and,
  • Visible gold noted in several sample sites.

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – Falcon Gold Corp. (TSXV: FG) (“Falcon” or the “Company”) reports it has completed its 2018 exploration program on the Esperanza Resources S.A. (“ERSA”) mineral concessions located in La Rioja Province, Argentina. The work program has focused on three of its 7 concessions; ERSA VIII, IX and X. The purpose of the work was two-fold – to advance our knowledge of the historically identified gold, silver and copper zones and test newly discovered mineralization areas.

The 2018 Program

The current work program on the Esperanza VIII, IX and X concessions was intended:

  1. To carry out a geological survey at a scale of 1: 20,000;
  2. To perform surface sampling of known and discovered gold zones; and,
  3. To map the terrain, including any road accesses for planning of future campaigns in the area.

The program produced a total of twenty-four samples that have been sent to the SGS Argentina S.A. in the city of San Juan for multi-element analyses and fire assays.

The ERSA Property

The ERSA Property is comprised of seven (7) mineral concessions covering an aggregate area of 20,461 hectares (“ha”) within the renowned Sierra de Las Minas District, which is reported to host several past producing gold and silver mines. The Property is located about 50 kilometres (“km”) south-southeast of the town of Chepes. The city of San Juan is about 250 km by paved highway to the west-southwest.

The first discovered gold mineralization within the District reportedly occurs within the ERSA IX concession in or about 1865 and is referred to as the “Callanas occurrences”. Limited mining has been conducted on gold, silver and copper zones within the Callanas areas.

Stephen Wilkinson, Falcon’s CEO commented, “This initial round of exploration has surpassed our expectations with the reporting of visible gold at several sites. The geological team has demonstrated that diligent field work combined with the application of good scientific methodology can be highly productive.”

Qualified Person

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

About Falcon Gold Corp.

Falcon is a Canadian based mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Its Ontario, Canada projects include: the Central Canada cobalt, copper, gold project; the Coomer Lake vanadium and titanium project; the Wabunk Bay cobalt, copper and nickel project, and the Burton gold property. Falcon also has an agreement to acquire 20,461 hectares within the Sierra de Las Minas District, Argentina which has hosted several past producing gold, copper and silver mines. The Company has 38,020,184 common shares outstanding and is listed on the TSX Venture exchange with the trading symbol: “FG”. For information on the Company, please visit our website: www.falcongold.ca.

CONTACT INFORMATION:

Falcon Gold Corp.

David Tafel
Chairman

Stephen Wilkinson
CEO & Director

Telephone: +1 604-683-1991
Email: info@falcongold.ca

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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CellCube Spinout Company V23 Resource Signs LOI with Regency Gold

Toronto, Ontario–(Newsfile Corp. – December 13, 2018) – CellCube Energy Storage Systems Inc. (CSE: CUBE) (OTCQB: CECBF) (FSE: 01X) (“CellCube” or the “Company”) is pleased to announce that its wholly owned subsidiary, V23 Resource Corp. (“V23 Resource”), has signed a non-binding letter of intent (“LOI”) with Regency Gold Corp., a TSX Venture Exchange company (TSXV: RAU.H.X), for the purpose of a business combination that would result in V23 Resource becoming a publicly listed company.

The LOI contemplates that the two companies will enter into a combination by way of a reverse merger or acquisition that will lead to V23 Resource becoming the resulting issuer on the TSX Venture Exchange. The companies will continue to negotiate and conduct due diligence and expect to enter into a definitive binding agreement within 30 days.

Spin-out and Distribution to Shareholders of V23 Resource Corp.

CellCube has established a record date of January 4, 2019, for the spin-out of its 100-per-cent-owned Bisoni Mackay and Bisoni-Rio vanadium assets into the newly formed V23 Resource (see news release dated June 28, 2018). CellCube shareholders of record owning common shares of the Company on January 4, 2019, will be eligible to receive the distribution of one common share of V23 Resource for every two common shares of CellCube upon completion of the spinout arrangement. CellCube intends to retain a 19.9-per-cent interest in V23 Resource, in addition to certain off-take rights, and the transaction is expected to be completed by year end.

“The spin-out of our vanadium assets into a new publicly listed entity will greatly enhance shareholder value,” stated Mike Neylan, CEO of CellCube. “With vanadium prices approaching unprecedented levels, this is a critical step to unlock the value of our resource business for the benefit of our current shareholders,” further commented Mr. Neylan.

V23 Resource Corp.

V23 Resource Corp. is a vanadium exploration company wholly owned by CellCube, with two vanadium properties located in Nye County, Nevada. CellCube’s Bisoni McKay and Bisoni-Rio properties represent a significant pure play vanadium projects in North America, totalling 4,115 acres contiguous to the Gibellini deposit held by Prophecy Development Corp.

Drilling of 52 drill holes and exploration to date have indicated that the Bisoni McKay is a pure play vanadium resource that does not possess any significant concentrations of any secondary metals. Of greater importance, only 12 per cent of the Bisoni McKay area has been drilled (and none of the Bisoni-Rio), which has already resulted in the estimation of a National Instrument 43-101 indicated resource of 11.9 million tons at an average grade of 0.39 per cent vanadium pentoxide (“V2O5”), and an inferred resource of 7.0 million tons at an average grade of 0.42 per cent V2O5 (see news release dated September 13, 2016). The indicated resource is contained in a zone approximately 300 metres in strike length, while the inferred resource covers approximately an additional 200 metres of strike length extending to the south. The mineralized zone appears to be open at depth and extends to the north into the Bisoni-Rio property. In 2017, CellCube staked 162 claims on the Bisoni-Rio property from the Bisoni McKay right up to and abutting the Gibellini vanadium property owned by Prophecy Development Corp. (see company news release dated June 28, 2018).

Chris M. Healey, P.Geo, geological consultant to CellCube, is the independent qualified person who has reviewed and approved the scientific and technical contents of this press release.

About CellCube Energy Storage Systems Inc.

CellCube is a Canadian public company listed on the Canadian Securities Exchange (symbol CUBE), the OTCBB (symbol CECBF), and the Frankfurt Exchange (Symbol 01X WKN A2JMGP) focused on the fast-growing energy storage industry which is driven by the large increase in demand for renewable energy.

CellCube supplies vertically integrated energy storage systems to the power industry and recently acquired the assets of Gildemeister Energy Storage GmbH, now Enerox GmbH the developer and manufacturer of CellCube energy storage systems. CellCube recently acquired EnerCube Switchgear Systems (formerly Jet Power and Controls Ltd.) and Power Haz Energy Mobile Solutions Inc. (formerly HillCroft Consulting Ltd.) and has also invested in an online renewable energy financing platform, Braggawatt Energy Inc.

CellCube develops, manufactures, and markets energy storage systems on the basis of vanadium redox flow technology and has over 130 project installations and a 10 year operational track record. Its highly integrated energy storage System solutions features 99% residual energy capacity after 11,000 cycles with the focus on larger scale containerized modules. Basic building blocks consist of a 250kW unit family with 4, 6 and 8 hours variation in energy capacity.

On Behalf of CellCube Energy Storage Systems Inc.,
Mike Neylan, CEO, Director

Glenda Kelly, Investor Communications
1 800 882-3213
Email: info@cellcubeenergystorage.com
www.cellcubeenergystorage.com

This news release contains certain “forward-looking statements” within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Ridgestone Mining Inc. Completes Drill Program On Its Rebeico Gold-Copper Project, Sonora, Mexico

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) (“Ridgestone Mining”) announces that it has received partial results from a recently completed 12 hole, 1,430 meter diamond drill program at its Rebeico gold-copper project located within the prolific Sierra Madre gold belt, Sonora, Mexico

The program was designed to test for gold and copper mineralization beneath historical underground workings located along a 500 meter portion of the “Alaska” vein which can be traced at surface for approximately 1.2 kilometers in a north-south direction.

Drill holes 18REB1 and 18REB2 were collared at the same location and drilled at angles of -50 and -65 degrees respectively. Hole 18REB1 intersected old workings, presumably where the vein had been previously mined out, and was halted at 121.7 meters.

Drill holes 18REB3 and 18REB4 were both collared about 415 meters south of holes 18REB1 & 2, and were drilled at angles of -50 and -60 degrees respectively. Hole 18REB3 encountered an intensely fractured fault zone and was abandoned before reaching the targeted depth.

Highlights of the assay results are summarized below:

Hole ID From
(m)
To
(m)
Interval
(m)
Au
g/t
Cu
%
18REB1 116.03 116.65 0.62 1.02 0.96
120.90 121.70 0.80 2.95 1.41
18REB2 127.0 128.0 1.00 7.87 1.87
128.0 129.0 1.00 9.51 3.69
18REB4 73.8 75.2 1.40 3.25 trace
76.5 78.0 1.50 1.39 trace

 

Hole 18REB4 also contained elevated bismuth (>90 ppm) associated with the gold mineralization. This may be indicative of a high-temperature, intrusion-related style of mineralization potentially proximal to a copper-gold porphyry or iron-oxide copper-gold (“IOCG”) system.

Although exploration at Rebeico is at a very early stage, the gold and copper values encountered in these first drill holes indicate that mineralization extends beneath the shallow historical workings and down-dip along the Alaska vein. The gold values received from hole 18REB4, drilled more than 400 meters south of holes 18REB1 & 2, also indicate that subsurface mineralization extends a significant distance along strike. Results from the remaining 8 drill holes will be released when assays have been received and evaluated.

The Rebeico drilling program was managed by Ridgestone’s partner, YQ Gold S.A. de C.V. Drill core was transported by YQ Gold personnel from the drill sites to a secure logging and sample storage area on a daily basis. After logging by YQ Gold geologists, intervals selected for sampling were sawed in half lengthwise. The ½-core samples were placed in pre-numbered sample bags and weighed. Blank samples were inserted into the sample stream for Quality Assurance / Quality Control (“QA/QC”) purposes. YQ Gold personnel transported the samples to the ALS Minerals (“ALS”) preparation laboratory in Hermosillo, Sonora. After preparation, sample pulps were air-freighted by ALS to their assay laboratory in North Vancouver, British Columbia. Gold was determined by fire-assay fusion with an atomic absorption finish. Silver and 31 major, minor and trace elements were determined by ICP-AES following 4-acid digestion.

The technical information disclosed in this news release has been reviewed and approved by Steven I. Weiss, C.P.G., Ph.D., and consulting geologist for Ridgestone. Mr. Weiss is a Qualified Person under NI 43-101 and the author of the technical report filed on SEDAR titled “NI 43-101 Technical Report on the Rebeico Gold-Copper Project; Central Sonora, Mexico”.

About Ridgestone Mining Inc.

Ridgestone is a TSX Venture Exchange-listed junior mineral exploration company with offices in Taipei and Vancouver, B.C. The Company’s focus is on precious metals and copper in Sonora, Mexico, and specifically the Rebeico Gold-Copper project.

For further information, please contact:

Ron Birch, Director
Ridgestone Mining Inc.
Telephone: 1-800-910-7711

This news release contains forward-looking statements or information (collectively referred to herein as “forward-looking statements”). Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. In this news release such statements include but are not limited to the preparation of a definitive agreement and the requirement of TSX Venture Exchange approval therefor. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including those described in the Company’s Prospectus dated February 9, 2018 available on www.sedar.com. Should one or more of these risks or uncertainties materialize, or should any of the Company’s assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company’s course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this news release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.

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.

Pacific Ridge Confirms Porphyry Copper Target at Spius Project; Drilling Planned for 2019

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (“Pacific Ridge” or the “Company”) reports on the results of an Induced Polarization (“IP”) geophysical survey and soil geochemical survey on its road accessible Spius copper porphyry prospect located 40 km southwest of Merritt, British Columbia.

The soil survey confirmed earlier sampling results and defined a central copper soil anomaly, 900 m by 750 m and open to the south, ranging from 100 ppm to plus 4,000 ppm Cu. The IP survey confirmed and expanded an earlier survey from the 1960’s, providing greater detail and depth penetration and defining a horseshoe-shaped, high chargeability anomaly that envelopes the copper soil anomaly. The chargeability anomaly is believed to represent the pyritic halo of a porphyry copper system, surrounding a copper mineralized shell or core zone.

Permits are in place for a core drilling program which is planned for the 2019 field season.

The Spius property was explored for its porphyry potential in the 1960’s and early 1970’s. Exploration focused on a gossan area where work included an IP survey, trenching and 27 percussion and core drill holes. The drilling was shallow, with none of the drill holes exceeding 100 m. Drill logs and assay results have been lost. However, a 1969 assessment report noted that hole 2, of a 5-hole drill program, ended in 8 feet (191 to 199 ft.) of 0.4% Cu. This hole is located on the inner edge of the interpreted pyrite halo and on the edge of the copper soil anomaly. Two recently collected float samples of porphyry style mineralization with disseminated pyrite and chalcopyrite assayed 2.53% Cu and 1.43% Cu. The Company believes that the original gossan area and IP anomaly are the pyritic halo to a potential core copper zone, as reflected by the soil copper anomaly and mineralized float.

About Pacific Ridge

Pacific Ridge has assembled a portfolio of highly-prospective gold and base metal projects located in the Yukon and British Columbia, where its board and management team have a track record of success. Its holdings include the Mariposa, Eureka Dome and Gold Cap gold exploration projects in the Klondike-White Gold District, RC Gold in the Tintina Gold Belt, Fyre Lake in the Finlayson District and Spius Cu-Mo-Au porphyry and TL Zinc in southern British Columbia.

On behalf of the Board of Directors,

Gerald G. Carlson

Gerald G. Carlson
President & CEO
Pacific Ridge Exploration Ltd.

For further information, contact:
Pacific Ridge Exploration Ltd.
Gerald G. Carlson
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com

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

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., President and CEO of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.

Forward-Looking Information: This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. (“Pacific Ridge”) expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the exercise of the options and future exploration plans and expenditures. Although Pacific Ridge 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 statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge’s proposed 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. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Rise Gold Intersects 149 gpt Gold Over 6.8 meters at Idaho-Maryland

  • 1st drill hole in 52 Vein area assays 149.3 gpt gold over 6.8 m
  • Confirms the 52 Vein area as a significant exploration target
  • Drilling of the Idaho #1 Vein target currently in-progress

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) –  Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.

The exploration drill program at the Idaho-Maryland continues to be successful and recent drilling tested several new targets which produced the highest-grade gold intercept to-date.

Very high-grade gold mineralization was encountered in the first hole to test the 52 Vein area. The 52 Vein area lies above the Idaho #1 Vein target and most drill holes are expected to pierce the 52 Vein target en route to the Idaho #1 Vein target.

Drill hole I-18-10 intersected a quartz shear vein and a wide zone of extensional veining. This intersection is interpreted to be a continuation of the 52 Vein where historic mining and exploration were conducted prior to mine shut-down in the 1950’s.

The mineralization in the I-18-10 intercept consists of a quartz shear vein and zones of extensional quartz veins in the hanging wall and footwall of the vein.

  • Hanging wall stringers of the 52 Vein assayed 1.8 gpt gold over 7.6 m.
  • The 52 shear vein assayed 3.2 gpt gold over 6.4 m.
  • An extensional vein in the footwall with visible gold assayed 97.3 gpt gold over 0.5 m.
  • A series of stringers in the footwall of the 52 Vein assayed 149.3 gpt gold over 6.8 m including an extensional vein in the footwall which contained visible gold and assayed 2,190 gpt gold over 0.5 m.

The mineralization encountered in the I-18-10 intercept is similar to mineralization annotated on historic mining maps and detailed in reports produced at the time. The historic operator conducted mining and exploration in the 52-Vein area in both the regular shear veins and zones of extensional veining in both the hanging wall and footwall of the 52 Vein.

The 52 Vein area is a significant exploration target. Historic exploration drifting and mining in 52 Vein mineralization to the east of the I-18-10 intercept and historic drill holes and mining to the north outline a lateral area to be explored of approximately 365 m x 495 m. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. The casing for drill hole I-18-10 was left in-place and further testing in the area of the high-grade intercept can be done efficiently using branch holes in the future.

A summary of drill hole assay results from recent exploration diamond drilling are presented in Table 1 and illustrated in Figure 1. Collar orientation data for the drill holes are detailed in Table 2. A detailed summary of the 52 Vein area is outlined in Section 9.1.2 of the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on the Company website and at www.sedar.com.

Additional drawings showing the 52 Vein drill hole intercepts can be downloaded from the following link.

https://riseg.sharefile.com/d-s32dcc87347e42ffb

TABLE 1 – New Drill Hole Intercept Highlights

Hole From (m) To (m) Gold (gpt) Intercept Length (m) Estimated True Width (m) * Vein
B-18-06 682.8 688.6 2.6 5.8 4.1 B10
B-18-06 766.5 775.5 4.9 9.0 8.2 B41
B-18-07 733.3 736.4 3.0 3.0 2.4 B6
B-18-07 746.5 750.1 4.0 3.7 2.8 B10 HW
B-18-07 757.0 760.8 1.9 6.8 5.4 B10 FW
Z-18-08 No significant mineralization
Z-18-09 309.7 316.4 3.3 6.7 ? Zebra
I-18-10 171.1 174.6 4.7 3.5 ? Zebra
I-18-10 958.0 965.6 1.8 7.6 ? 52 HW “Stringers”
I-18-10 965.6 972.0 3.2 6.4 ? 52 Shear Vein
I-18-10 978.0 978.5 97.3 0.5 ? 52 FW “Stringer”
I-18-10 987.8 994.6 149.3 6.8 ? 52 FW “Stringers”
Including 993.4 993.9 2190 0.5 ?

 

* Estimated true widths for the B6, B10, & B41 Veins are based on modeling from previous drill intercepts and historic mining. The Company is not able to reliably estimate true widths for the 52 Vein mineralization and for the Zebra Zone until further drilling is completed.

TABLE 2Drill hole Orientations at Collar

Hole Depth (m) Azimuth
(degrees)
Inclination
(degrees)
B-18-06 981 40 -73
B-18-07 807 331 -60
Z-18-08 318 90 -64
Z-18-09 321 80 -64
I-18-10 1025 314 -61

 

FIGURE 152 Vein Intercept – Plan View

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FIGURE 252 Vein Intercept – Section View

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52 Vein Area

In October 1940, the historic operator completed the deepening of the 30 Winze from the I2000 level to the I2700 level and commenced drifting on the Idaho #2 Vein to the south west. Drifting through mineralization continued beyond the expected limit of the Idaho #2 Vein into the Brunswick “Porphyrite” Block and at the forced wartime shut down in 1942 the company had completed over 400 meters of exploration drifting in continuous mineralization on an apparent new vein structure. The mineralization discovered was unusual as it had never been encountered in this area before and had an unusually flat dip in comparison to the other veins of the mine. The historic operator remarked that the discovery constituted a “wholly new development in the geology of the mine”[1].

After the mine reopened following WWII, the historic operator continued exploration in the area with significant additional mineralization discovered in 1948 showing widths up to 9 meters and assays up to 55 gpt gold. By 1951, the 52 Vein had become one of the most important areas in the mine. Abundant “specimen ore” was reported in addition to the regular gold content of quartz vein mineralization. Reports in 1951 indicate over 1400 oz of gold in “specimen ore” alone was removed from the mine in less than 2 months. Data from train car sampling is available from 1950 – 1952 which show an average diluted mine grade of ~10.6 gpt gold from mining in the 52 Vein area[2][3][4].

The 52 Vein area presented logistical difficulties due to the lack of infrastructure in the area. Moving rock to surface required a 450 m tram along I2700 level to 30 Winze, hoisting via 30 Winze from I2700 to I2000 level, a 1200 m tram on I2000 level to the Idaho shaft, and then hoisting of the ore to surface through the inclined Idaho shaft[5]. The difficulty in moving rock impeded the development of the area and was not resolved until 1954 when a connection was made to the New Brunswick Shaft on B3280 level[6].

Mineralization in the 52 Vein area consists of gently dipping shear veins with substantial extensional veining or “stringer” mineralization in the footwall and hanging wall of the veins. Stoping of the shear veins was undertaken by the historic operators with overlapping stopes and slashing of the adjacent stringer mineralization. The shear veins generally ranged in width from 2 – 3 m but mining widths exceeded 12 m in some areas where adjacent “stringer” mineralization was present. Much drifting was done in the stringer mineralization located in the footwall of the 52 Vein and in the final year of the mine’s operation the 17 cross-cut was driven 110 meters into the footwall of the 52 Vein where it was reported to be well mineralized1.

Drill hole I-18-10 intersected multiple mineralized horizons believed to correlate with the historic 52 Vein area. The intercept shows extensional veins persisting into the footwall of the 52 Vein for a significant distance with some of these veins showing visible gold.

Two historic exploration diamond drill holes are located north of the I-18-10 intercept and assayed up to 16.5 gpt gold over 9.1 m. The historic drill holes were drilled at a poor orientation to the mineralization as they were drilled sub-horizontally into the flat-lying to gently dipping structure. These historic drill holes likely did not pierce the entire 52 Vein mineralized horizon[7].

Historic exploration drifting and mining in 52 Vein mineralization to the east and historic drill holes and mining to the north outline a potential exploration area of approximately 365 m x 495 m. The 52 Vein area has exploration potential in both the shear veins and in areas where extensional veins are sufficiently concentrated to allow bulk mining. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. Many of the drill holes that are planned for testing of the Idaho #1 Vein will also pierce the 52 Vein target area.

Zebra Zone Drilling

Two drill holes, Z-18-08 and Z-18-09, targeted the Zebra Zone target. The Zebra Zone is a unique area of the Brunswick Mine where gold and quartz veins are hosted in a large block of calcareous meta-sediments, historically referred to as “black slates”. Drill hole I-18-10 intersected “Zebra” style mineralization in similar meta-sedimentary rocks. Further drilling is required in this area to determine the orientation of the mineralization and properly test the target. Drill hole Z-18-09 intersected 3.3 gpt gold over 6.7 m and drill hole I-18-10 intersected 4.7 gpt gold over 3.5 m in “Zebra” type host rocks.

Brunswick Zone Drilling

Drill holes B-18-06 and B-18-07 successfully expanded several previously intersected Brunswick veins at depth. (See Rise Gold news releases dated August 7th, July 23rd, June 28th, and January 3rd, 2018)

Drill hole B-18-06 intersected the B41 Vein below the B2300 level, with an intercept of 4.9 gpt gold over 9.0 m and B-18-07 extended the B10 Veins below the B1880 level.

The B41 Vein is believed to be a significant target at the Brunswick Mine due to is exceptional width and increasing grade with proximity to the 6-3 Fault.

The Company’s exploration program is currently focussed on the Idaho #1 Vein target and further drilling of the Brunswick veins will be done in the future.

Drawings showing the Brunswick drill hole intercepts can be downloaded from the following link.

https://riseg.sharefile.com/d-sb5ba2faabf345869

Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The -100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

Detailed production information from the internal records of the Idaho Maryland Mine are available for the period from 1926-1955. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. The qualified person believes this information is reliable but some of the source documents used by the authors of these documents are not available for reconciliation.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

________________________

[1] Idaho Maryland Mines Co. Geologist Monthly Status Reports (Internal Reports). (1940-1954)
[2] Grass Valley Union. New Vein at Idaho May Go 30 Feet Wide. (Dec 1948)
[3] Los Angeles Times. New Grass Valley Gold Find Shows Vast Promise. (May 1951)
[4] Idaho Maryland Mines Co. Weekly Muck Car Sampling (Internal Records). (Mar 1950 – Dec 1952)
[5] Idaho Maryland Mines Co. Mine Manager Monthly Summary Reports (Internal Reports). (1940-1953)
[6] Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine. (2005)[7] Kulla, Greg (AMEC). Technical Report on the Idaho-Maryland Project. (June 2017)

Golden Share Announces Results of 2018 Shareholders Meeting Relating to Energy Storage Business Spinout

Toronto, Ontario–(Newsfile Corp. – December 13, 2018) – Golden Share Resources Corporation (TSXV: GSH) (“Golden Share” or the “Company”) is pleased to provide the results from its Annual and Special Shareholders’ Meeting (the “AGM”) held on December 12, 2018 in Markham, Ontario.

A total of 19.42 million common shares, representing approximately 50.44% of the Company’s issued and outstanding common shares, were voted in connection with the AGM. Golden Share shareholders voted strongly in favour of each item of business put before the AGM, with over 99.81% of the votes being cast in favour of each of the appointment of Raymond Chabot Grant Thornton LLP as auditors, the approval of the Company’s rolling stock option plan, the reduction of the stated capital on the Company’s common shares, the approval of the Company’s energy storage business spinout (the “Spinout”), the grant of a 1% royalty to Keystone Associates Inc. and the election of each of Zhen Huang, Wes Roberts, David Graham and Nick Zeng as directors for the ensuing year.

In accordance with the interim order from the Ontario Superior Court of Justice issued on October 22, 2018, the Spinout receive the required shareholder approvals, being 66 2/3% of the votes cast by the Golden Share shareholders who voted in person or by proxy at the AGM and a simple majority of the votes cast by “minority” Golden Share shareholders (excluding votes cast by any “non-arm’s length party” to Golden Share).

Golden Share will make application to the Ontario Superior Court of Justice for a final order approving the spinout on December 14, 2018 and expects to complete the Spinout on or about January 7, 2019.

For more information on the Spinout, please see Golden Share’s press release of October 15, 2018.

About Golden Share

Golden Share Resources Corporation is a junior natural resource company focusing on mineral exploration in the province of Ontario, Canada, a mineral rich and politically stable jurisdiction.

WARNING: Certain statements in this press release may be forward-looking, including those with respect to the date of the completion of the Spinout. Although the Company believes the expectations reflected in such statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include that no legal, financial, technical or other obstacles will delay or prevent the completion of the Spinout. A description of other risks affecting the Company’s business and activities appears on pages 16 to 18 of its 2017 annual management’s discussion and analysis, which is available on SEDAR at http://www.sedar.com. Additional risks relating to the Arrangement and to Harmony Energy Technologies Corporation‘s business are set forth in the management information circular sent to Golden Share shareholders in connection with the AGM. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. The Company disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.

This press release does not constitute an offer of securities by Golden Share, Harmony Energy Technologies Corporation or any other party for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended (the “Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.

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.

For more information, please visit www.goldenshare.ca or contact:

Golden Share Resources Corporation

Nick Zeng, President & CEO
Tel: (905) 968-1199
E-mail: info@goldenshare.ca

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES

SilverCrest Announces Additional Positive In-fill Drill Results at Las Chispas

  • 8.2 Metres @ 3,193 gpt ageq
  • 5.6 metres @ 1,442 gpt ageq

Vancouver, British Columbia–(Newsfile Corp. – December 13, 2018) –  SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV)  (“SilverCrest” or the “Company”) is pleased to announce further Phase III in-fill drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. The current drill program is designed to increase resources through expansion drilling and improve confidence in the resource with closely spaced in-fill drilling in the Babicanora Vein, including the high-grade Area 51 zone. All 12 newly reported in-fill core holes in this release were targeting mineralization in the Area 51 zone. In addition to the seven in-fill drill results previously reported on November 1, 2018, these 12 in-fill core holes show further encouraging results. The weighted average (true width, uncut, undiluted) of today’s in-fill holes is 3.4 metres grading 12.39 gpt gold (or “Au”) and 795.7 gpt silver (or “Ag”), or 1,725 gpt silver equivalent (“AgEq”, based on assumptions defined in table below). For comparison, in the September 13, 2018 resource estimate, Area 51 had an estimated weighted average true width of 2.7 metres, grading 7.13 gpt gold and 614 gpt silver or 1,148 gpt AgEq.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With further positive results from closely spaced in-fill drilling, we continue to confirm the continuity of high-grade mineralization in the Babicanora Vein, including the Area 51 zone. These additional drill holes are indicating wider mineralized thicknesses in several areas than previously modelled and are starting to identify discrete multi-kilograms per tonne mineralized shoots. In addition, Holes BA18-101, 105, and 106 show better grades in areas of previously modelled lower grade mineralization. Hole BA18-108 shows expanded high-grade mineralization towards the surface exposure of the vein. These additional holes are critical to the potential expansion of resources. All 19 in-fill drill results reported to date have intercepted grades above the Company’s cut-off of 150 gpt AgEq. With 9 surface drill rigs operating, SilverCrest will continue with both its in-fill and expansion drill program focused on further de-risking the current resources and finding new discoveries in the Babicanora area. In conjunction with the ongoing drill campaign, we are aggressively working on the third resource estimate and a Preliminary Economic Assessment (“PEA”).”

The most significant result for this release is Hole BA18100 intersected 8.2 metres (estimated true width) grading 27.70 gpt Au and 1,115.6 gpt Ag, or 3,193 gpt AgEq. Also noteworthy are holes BA18-105, at 5.6 metres grading 9.41 gpt Au and 736.5 gpt Ag, or 1,442 gpt AgEq, and BA18-102 at 2.5 metres grading 15.97 gpt Au and 1,743.1 gpt Ag, or 2,941 gpt AgEq. The following table summarizes the most significant drill intercepts for all 12 in-fill drill holes to this news release (uncut, undiluted).

Babicanora Vein (Area 51) InFill Drill Intercepts:

Hole No. From (m) To (m) Drilled Intercept
(m)
Est. True Width
 (m)
Au gpt Ag gpt AgEq*
 gpt
BA18-98 174.6 178.0 1.5 1.0 0.36 129.9 157
BA18-99 312.0 313.6 1.6 1.4 1.99 317.6 467
BA18-100 197.3 209.0 11.7 8.2 27.70 1,115.6 3,193
incl. 199.0 199.9 0.9 0.6 18.55 642.0 2,033
incl. 202.0 204.4 2.4 1.7 127.50 3,044.7 12,607
incl. 203.9 204.4 0.5 0.4 343.00 8,630.0 34,355
BA18-101 329.4 331.5 2.1 1.7 7.01 1,348.0 1,873
incl. 330.5 331.0 0.5 0.4 23.20 4,840.0 6,580
BA18-102 159.1 162.6 3.5 2.5 15.97 1,743.1 2,941
incl. 160.5 162.6 2.1 1.5 25.16 2,400.7 4,288
BA18-103 269.7 272.7 3.0 2.3 4.53 747.6 1,087
incl. 272.2 272.7 0.5 0.4 14.20 882.0 1,947
BA18-104 249.6 252.3 2.7 2.0 0.84 177.4 240
BA18-105 281.3 288.8 7.5 5.6 9.41 736.5 1,442
incl. 284.3 284.9 0.6 0.4 41.20 447.0 3,537
incl. 287.3 288.1 0.8 0.6 43.70 3,070.0 6,348
BA18-106 337.3 339.4 2.1 1.7 4.40 452.7 783
incl. 337.8 338.4 0.6 0.5 8.86 816.0 1,480
BA18-107 152.5 160.5 8.0 6.4 6.41 657.5 1,138
incl. 154.6 156.6 2.0 1.6 25.87 2,222.0 4,162
BA18-108 170.8 174.5 3.7 3.5 16.45 354.6 1,588
incl. 172.0 173.5 1.5 1.4 37.70 676.0 3,504
BA18-109 223.6 229.6 6.0 4.5 9.25 672.6 1,367
incl. 226.7 228.1 1.4 1.1 20.25 2,114.6 3,633
Weighted Average 4.5 3.4 12.39 795.7 1,725

 Note: all numbers are rounded.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

In-fill drilling along with original drill intercepts is starting to define discrete high-grade shoots within the Babicanora Vein. With success of closely-spaced drilling around Hole BA17-51 (discovery hole for Area 51 zone), the Company has identified a multi-kilograms per tonne AgEq mineralized shoot (“Shoot 51”) consisting of eight (8) core hole intercepts with a spacing of 25 to 35 metres apart (see Shoot 51 in attached Figures). Mineralization in Shoot 51 is structurally and lithologically-controlled with coarse argentite, electrum, native silver and gold. Weighted average intercept grade and true width of this area (approx. 100 metres by 75 metres) is 5.3 metres at 15.89 gpt Au and 1,471.5 gpt Ag, or 2,663 gpt AgEq. Also, a second discrete mineralized shoot consisting of six (6) core hole intercepts is being defined around Hole BA17-43 (“Shoot 43”) with a weighted average intercept grade and true width of this area (approx. 100 metre by 75 metres) being 4.1 metres at 11.55 gpt Au and 1,269.1, or 2,135 gpt AgEq.

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Figure 1: Long Section (Inclined) of Babicanora Vein Las Chispas Property, Looking Southwest

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1467/41643_silvercrest2.jpg

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Figure 2: Long Section (Inclined) of Babicanora Vein Area 51, Looking Southwest (Insert)

To view an enhanced version of Figure 2, please visit:
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Figure 3: Las Chispas District with Babicanora Plan Map, December 2018

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/1467/41643_silvercrest6.jpg

The Company continues its Phase III exploration program with nine drills operating on site. Drills are focused on expanding mineralization for inclusion in the next updated resource estimate anticipated in Q1, 2019 and in-fill drilling (estimated 25 metre spacing) to reclassify Inferred Resources to Measured and Indicated. An additional 10,000 to 15,000 metres of drilling are planned for inclusion in the next updated resource. Other ongoing site work includes PEA work, ground breaking for the Area 51 decline, an extensive metallurgical test program, drilling large diameter wells for site water, and permitting for various additional work.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company’s current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company’s exploration, rehabilitation and drilling programs of the Las Chispas Property, including drilling test water wells, permitting for various work, and optimizing and updating the Company’s resource model; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forwardlooking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

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