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Azincourt Within A Practical Discovery Timeline For Uranium As Microsoft Implements Nuclear Strategy To Power AI Growth

Posted by Paul Nanuwa at 11:26 AM on Wednesday, April 17th, 2024

An in-depth look at Azincourt Energy’s pivotal role in meeting the growing demand for nuclear energy fueled by the exponential growth of Artificial Intelligence.

Introduction: Seizing the Opportunity Amidst Rising Uranium Prices

In the realm of renewable energy, one resource stands out as a key player: uranium. Azincourt Energy, led by CEO Alex Klenman, has been at the forefront of anticipating and capitalizing on the surging demand for uranium. Over the past decade, uranium prices have experienced a remarkable resurgence, climbing from around $50 per pound to over $100 per pound, settling at $87-$90 per pound currently. This upward trajectory can be attributed to a global shift towards supporting nuclear energy, coupled with increasing demand, particularly driven by the monstrous growth of Artificial Intelligence (AI).

The Monstrous Growth of AI: A Driving Force for Nuclear Energy Demand

The exponential expansion of AI capabilities has created an unprecedented demand for energy, a demand that only nuclear energy can adequately meet. Consider these staggering statistics: over the past decade, the computing power used to develop AI models has increased by a factor of 10 billion. Moreover, the amount of computing power needed to train AI models is doubling every six months. This insatiable appetite for energy underscores the critical need for reliable and sustainable power sources, with nuclear energy emerging as the primary solution.

Even Tech Giants Like Microsoft Are Embracing Nuclear Energy

The significance of nuclear energy in meeting the demands of AI is underscored by the actions of tech behemoths like Microsoft. With the hiring of nuclear technology program managers to implement global Small Modular Reactor (SMR) and microreactor energy strategies, Microsoft is signalling a strategic shift towards embracing nuclear power to fuel its AI-driven operations.

Azincourt’s Strategic Positioning: The East Preston Uranium Project

At the heart of this narrative lies Azincourt Energy’s East Preston Uranium project, located in the Athabasca Basin, Saskatchewan. With an 86.1% interest in this project, Azincourt Energy is strategically positioned in one of the world’s leading sources of high-grade uranium. The Athabasca Basin currently supplies over 20% of the world’s uranium, making it a prime location for uranium exploration and development.

The 2024 Drill Program: Unveiling the Potential

Azincourt Energy’s 2024 drill program marks a pivotal moment in its quest for uranium discovery. With up to 1,500 meters of drilling across five holes, the focus is on uncovering significant uranium resources.

Alex Klenman, CEO stated, “If you’re hunting for a uranium deposit, this is what you need to see … we continue to be well within a practical discovery timeline.” In addition, Trevor Perkins, VP Exploration, highlights the importance of targeting clay alteration zones, a hallmark indicator of potential uranium deposits. The company’s comprehensive exploration approach and strategic focus on high-potential targets position it as a frontrunner in uncovering the next frontier of uranium resources.

Conclusion: Fueling the Future with Nuclear Energy

As the world grapples with the dual challenges of meeting the energy demands of AI while transitioning towards sustainable power sources, Azincourt Energy stands at the intersection of innovation and opportunity. With its unwavering commitment to exploration, coupled with the unprecedented demand for nuclear energy, Azincourt Energy is poised to play a pivotal role in shaping the future of energy. Investors keen on tapping into the transformative potential of nuclear energy and the burgeoning AI landscape would be wise to keep a close eye on Azincourt Energy’s journey.

Azincourt Energy’s strategic positioning within the uranium sector, coupled with the burgeoning demand for nuclear energy, presents a compelling opportunity in the evolving landscape of renewable energy and AI-driven technologies.

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Tags: #Demand, #Discovery, #Drilling, #exploration, #Smallcap, #smallcapstocks, #Uranium, AI, artificial, energy, intelligence, microsoft, nuclear, Pennystocks, power, resource, smallcaps, stocks
Posted in AGORACOM Client Feature, AGORACOM Sector Spotlight, AGORACOM Small Cap 60, AGORACOM Small Cap Stocks For Investment, AGORACOM Small-Cap TV, All Recent Posts, Azincourt Energy | Comments Off on Azincourt Within A Practical Discovery Timeline For Uranium As Microsoft Implements Nuclear Strategy To Power AI Growth

Golden Prospects: Stelmine Canada’s Growth Amidst Gold’s Record Highs

Posted by Paul Nanuwa at 1:57 PM on Wednesday, April 10th, 2024

Introduction:

As gold reaches unprecedented heights, the market landscape offers opportunities for investors seeking stability and growth. Amidst this trend, Stelmine Canada emerges as a promising player, navigating the currents of the precious metals industry with resilience and innovation. Aligned with industry trends, Stelmine Canada’s trajectory reflects the upward momentum of gold, offering opportunities for investors and stakeholders.

Industry Outlook and Stelmine Canada’s Trajectory

In an era marked by economic uncertainty and geopolitical tensions, gold remains a sanctuary for investors. Positioned at the forefront of this market, Stelmine Canada leverages the momentum of gold’s highs to propel its own success. With a focus on exploration and diversification, the company forges ahead, carving a niche in the evolving landscape of precious metals.

Voices of Authority

Industry expert Ulf Lindahl acknowledges Stelmine Canada’s strategic alignment with gold market trends. As gold demand surges, the company’s commitment to innovation and sustainability positions it as a key player in the industry’s growth narrative.

IIsabelle Proulx, CEO Says it Best

“Our discoveries redefine gold potential in Quebec. Stelmine is not just exploring; we are architects of a promising gold frontier.”

Stelmine Canada’s Highlights

Led by Isabelle Proulx (CEO), Stelmine’s management team has a proven track record in the Quebec resources sector and has created an attractive gold exploration target through a high-profile geological team including Dr. Normand Goulet, considered one of Canada’s greatest structural geologists.

Stelmine is developing a new gold district (in northeastern Quebec); an under-explored part of the otherwise prolific James Bay region of Quebec, Canada. This region of the planet is expected to substantially increase its production of gold mineral resources.

Within Stelmine’s portfolio, the Courcy Property emerges as a testament to the company’s commitment to innovation and discovery. Courcy embodies the spirit of exploration and potential, setting new standards for gold development in Northern Quebec. Courcy hosts Geological similarities to Newmont’s Eleonore mine (Gold production since 2015) 215k OZs of annual production (2022). Courcy isn’t confined to gold; it’s a treasure trove of critical minerals.
The Mercator gold-bearing corridor became the canvas for Stelmine’s geological artistry, where the company not only uncovered gold deposits but also expanded the corridor’s length substantially through meticulous exploration and leveraging historical data.

Real-world Relevance

Amid gold’s rise, Stelmine Canada offers investors a tangible opportunity. Rooted in innovation and expertise, the company’s value transcends speculation. In a volatile world, Stelmine Canada’s contributions signal stability and growth in the industry.

Conclusion:

In gold’s surge, Stelmine Canada emerges as a significant player, poised for growth. Grounded in innovation and success, join its journey towards prosperity. As gold captivates investors, Stelmine Canada remains committed to excellence, promising a future filled with potential.

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Tags: #Bullion, #exploration, #mining, #PreciousMetals, #Quebec, #Smallcap, #smallcapstocks, #Trend, gold, jamesbay, metals, Pennystocks, precious, prices, resource, rising, smallcaps, stocks, surge, upward
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Xali Gold $XGC.ca: Permits Applied for Mexico Mines Tailings Project $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 8:31 AM on Tuesday, April 13th, 2021

Xali Gold Corp.(TSXV:XGC) (“Xali Gold” and/or the “Company”) is pleased to advise that permit applications have been submitted for the Mexico Mines Tailings Project in El Oro, Mexico. The permits are to allow both the transportation and re-processing of the Mexico Mine tailings at a new plant site located just 5 kilometers from the current location. Sun River Gold “SRG” and their Mexican subsidiary, Remediacion Rio Sol “RRS”, will be conducting all of the work on the tailings as part of an option agreement to acquire the Tailings Project and Xali Gold’s subsidiary, Minera CCM El Oro Jales.

A land package comprising 25 hectares has been purchased for the new plant site and the re-processing plant is expected to be operational within 12 months from receiving permits. Extensive laboratory testing has been performed, which was critical in completing design work for the plant and preparing detailed planning documents.

“We are very excited with the work that SRG has completed to advance the Tailings Project,” says Joanne Freeze, President and CEO of Xali Gold. “There have been some delays due to government closures during the COVID pandemic, but the project is now moving forward and we are very excited to the re-processing getting into operation.”

In addition to laboratory test work, SRG has also completed the following work in preparation for the operation:

Design of the plant site
Mine plan of tailings indicating extraction levels over the years
Developed a contour map demonstrating resulting topography of municipal land once tailings are removed
Engaged power contractor to upgrade and extend power lines to site
Secured access across private land for roads and power lines
Secured access to water from local sources

Xali Gold’s subsidiary, CCM El Oro Jales, has an agreement with the municipality of El Oro which provides the Company the right to recover all available gold and silver from the Mexico Mines tailings deposit and pay to the Municipality of El Oro an 8% Net Profits Interest (“NPI”). Xali Gold will also retain the first US$1.5M from the 8% NPI payable to the Municipality.

SRG has the option to acquire 100% of the Tailings Project by making staged payments totalling US$500,000 (paid), bringing the tailings into commercial production within 36 months of the effective date of the option agreement, and granting to the Company a 5% NPI, Life of Mine royalty as well as the Municipalities 8% NPI on production from the properties. The 36 month term has been extended for 6 months providing that SRG demonstrates sufficient progress during each 3 month period.

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Mexico, ElDorado, gold
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Xali Gold $XGC.ca Delineates Drilling Targets at El Dorado $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 8:35 AM on Thursday, February 25th, 2021

Xali Gold Corp. (TSXV:XGC) (“Xali Gold” and/or the “Company”) is pleased to advise that new drill targets have been delineated on the El Dorado Gold-Silver Project, located in Nayarit State, Mexico through the development of a new 3D geological model. The new model indicates high grade mineralization occurring in multiple parallel veins such that future mining could focus on several veins at once to potentially allow reduced mining costs. Drilling is planned to test potential lateral extensions to the high grade zone.

Permitting applications are in progress for the drilling which are expected to take 3 to 4 months to receive. Permit applications are also being prepared for the reopening of the historical Hundida Mine and should take 6 to 10 months to receive. Mineralization is planned to be shipped from this area to the nearby SDA plant under acquisition from Magellan Acquisitions.

The El Dorado vein system has a history of small-scale mining from two veins in the Hundido and El Dorado mines (see News Release April 28, 2020) but four veins with parallel high-grade zones have been delineated in the new model. Additionally, several vein targets have been identified along trend for follow-up exploration.

Prospero Silver Corp. (“Prospero”) explored the El Dorado property between 2010 and 2011. Their drilling intersected multiple steeply-dipping silicified mineralized zones extending from near-surface to the 180 metre (“m”) drilled depth and over a strike length of 440m. Prospero intersected grades ranging from 3 to 40 grams per tonne (“gpt”) gold and 57 to 500 gpt silver over true widths ranging from 0.52 to 11.2 m. (http://www.candentegold.com/i/maps/sedardoc4391012.pdf)

Significant results reported by Prospero on Dec 10, 2010 included:

16.17m grading 4.03 g/t gold, 204 g/t silver, 4.0% lead, and 1.75% zinc; and 2.32m grading 6.04 g/t gold and 140 g/t silver in hole DOR-10-11. (http://www.candentegold.com/i/maps/Prospero-NR–December-10,-2010.pdf)

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Mexico, ElDorado, gold, silver
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Candente Gold Changes Name to Xali Gold Corp. $XGC.ca $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 6:16 PM on Monday, January 18th, 2021

Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that the Company will change its name to Xali Gold Corp. on Tuesday January 19^th, 2021. The new trading symbol will be XGC, CUSIP number will be 98387F103 and ISIN will be CA98387F1036. The website will also be changed to www.xaligold.com.

About Xali Gold
Xali Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signify important initial steps.

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is currently evaluating other properties that are complementary to the SDA plant, El Dorado and the Cocula Project.

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Mexico, ElDorado, gold, silver, XaliGold
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Candente Gold $CDG.ca Engages Permitting Team and Provides Updates $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 8:46 AM on Wednesday, December 23rd, 2020

VANCOUVER, British Columbia, Dec. 23, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that technical experts have been engaged for permitting and deposit modelling for the El Dorado and Cocula projects and for permitting for the San Dieguito de Arriba (“SDA”) plant. Claudia Santos of Consultoría Ambiental VUGALIT S.C. will be handling permitting with Barney Lee, of Mingeo International S.A. de C.V.

Yenlai Chee, of Mountain Goat Consulting, is developing three dimensional models for the El Oro, Cocula and El Dorado mineral deposits to assist in understanding the deposits and in identifying higher grade zones.

Cocula Gold Project

The Company recently signed the Definitive Agreement for profit sharing on the Cocula Gold Project which gives Candente Gold the right to receive 70% of profits that may be derived from mining and processing of the deposit. Upon signing this agreement, a second payment of US$20,000 was made to the owners of the property.

Grades of 5.66 grams per tonne (“g/t”) gold over 6 metres and 4.32 g/t gold over 8 metres occur in quartz breccia bodies in an oxidized zone that to date has been delineated over an 800 metre length and 54 metre depth. Metallurgical testing indicates that this portion of the deposit is expected to be amenable to either heap, vat or dynamic (agitation) leaching.

In addition, higher grade mineralization associated with sulphides is also known to occur in veins at Cocula. Grades of 59 g/t gold and 729 g/t silver were obtained from a selected sample over a 10 centimetre (“cm”) width in the hanging wall of a quartz vein-breccia structure near the portal of a collapsed adit. This style of mineralization will be further explored for the potential for mineralization that could be amenable to flotation and processed at our SDA plant.

The Cocula Project area is located within the Ameca Mining District of Jalisco State which is home to Agnico Eagle’s El Barqueño Project, Endeavor Silver’s Terronera Project and GoGold’s Los Ricos Project. Please see News Releases dated September 10th and October 22nd, 2020 as well as http://www.candentegold.com/s/cocula.asp for further details on the Cocula Project.

SDA Plant and El Dorado

The Company has received final TSX Venture Exchange (“TSXV”) approval for the Definitive Agreement to acquire the SDA plant and the rights to an agreement on the El Dorado property from Magellan Acquisition Corp. (“Magellan”). The company is issuing 5,000,000 shares for Magellan’s rights to the El Dorado property and to obtain the first 10% interest in the SDA plant. The Definitive Agreement also gives Candente Gold the right to earn up to 100% interest in the plant by issuing shares in stages over 30 months totaling a value of US$1.425 million. Magellan has also agreed that the total number of shares to be issued for the 100% interest will not exceed 33,500,000.

SDA Plant

The SDA plant consists of a flotation plant which also includes a precious metals leach circuit – Merrill Crowe system and associated assets, licenses and agreements. The plant lies within the rich Sierra Madre Occidental mineralized belt, which historically has yielded millions of ounces (“oz”) of precious metals and offers multiple high-grade gold and silver epithermal vein opportunities. For further details, please see News Releases dated April 28 and September 28, 2020 as well as http://www.candentegold.com/s/sda.asp.

El Dorado

The El Dorado Gold-Silver Project is located in the Pacific Coastal Plain, State of Nayarit, within a district of epithermal vein systems which is known to host high grade gold and silver in several veins.

The El Dorado vein system has a history of small-scale mining from two veins and is reported to extend over 3.5 km. Within this system, a mineralized zone 400 meters long and up to 180 meters to depth has been delineated by drilling by previous explorers. Average grades are reported to be in the ranges of 4.4 to 9.8 grams per tonne (“g/t”) gold and 113 to 239 g/t silver, however, drilling has intersected grades ranging from 3.0 to 40.0 gold and 57 to 500 g/t silver over widths ranging from 0.52 meters to 11.2 meters. Silver, lead, zinc and copper mineralization also occurs in the Cocula deposit and is expected to provide secondary credits.

The El Dorado property lies 50 km south of the SDA Plant. The project has excellent road and rail infrastructure. For further details, please see News Releases dated April 28 and September 28, 2020 as well as http://www.candentegold.com/s/eldorado.asp.

AGM

The Company is pleased to report that all matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, dated November 13, 2020, were approved at the Annual Meeting of Shareholders held on December 18th, 2020 in Vancouver (the “AGM”). A total of 34,356,926 shares were voted, representing 31.17% of total shares issued and outstanding as of the record date of the Meeting.

All of the current Directors: Joanne C. Freeze, Larry D. Kornze, Ian Ward, Mark Lotz and Matthew Melnyk were re-elected. Shareholders also voted in favour of (i) appointing Davidson & Company LLP, Chartered Professional Accountants as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; (ii) approving the Company’s Stock Option Plan of the Company; and (iii) approving Other Business that may properly come before the meeting or any adjournment or adjournments thereof.

Xali Gold Corp.

The Company also advises that it plans to change its name to Xali Gold Corp. in early 2021 which will include both a change of trading symbol and CUSIP number. The Company will advise the actual date for the change once all of the above is confirmed.

About Candente Gold

Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship asset and an integral part of the overall growth strategy. The acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signify important initial steps.

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)

Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.

Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above, however, they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant recently due to COVID virus travel restrictions. The work discussed in the News Release is either historical and documented by public records or conducted by Mexican professionals with qualifications similar to those of QP’s registered in Canada. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Mexico, ElDorado, gold, silver, XaliGold
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Candente Gold $CDG.ca Advises Closing of Private Placement and Name Change to Xali Gold Corp. $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 8:52 AM on Monday, November 23rd, 2020

Name change to Xali Gold Corp. (pronounced “Chali”).
The change of name, trading symbol, CUSIP number and website is expected to take approximately two weeks

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to report that it has closed the non-brokered Private Placement (the “Private Placement”) previously announced (November 5th, 2020) of 4,000,000 common shares (the “Shares”) at a price of $0.05 per Share, raising a total of $200,000.

The Company also advises the decision of a name change to Xali Gold Corp. (pronounced “Chali”). Xali is known as a spiritual being that is a creative genius, stands up for its beliefs, is passionate and persistent in achieving its goals. Xali is also a popular Nahuatl (Aztecan language) name for Sand, considered as a strong foundation and transition between water and land representing the importance of water and the fertility of land. The change of name, trading symbol, CUSIP number and website is expected to take approximately two weeks, however, the Company will advise once known as the change of name is subject to the Company’s filing requirements with the TSX Venture Exchange (“TSXV”).

The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a hold period of four months and a day from the date of closing. Finder fees of $2,450 were paid.

Joanne Freeze, President and CEO, a control person of the Company, subscribed for 2,150,000 shares which is 53.75% of the Private Placement. In connection with the Private Placement, Ms. Freeze completed a cross distribution, whereby she sold 2,150,000 Shares from her holdings in pre-arranged trades (the “Cross”) over the facilities of the TSXV. Ms. Freeze has used 100% of the proceeds from the Cross to subscribe for Shares in the Private Placement. The price of the Cross was $0.05 and was in the context of the market. In addition to Ms. Freeze, there are three other subscribers whom the Company welcomes as new strategic investors, who will be instrumental in assisting us to deliver on our new growth strategy.

The Private Placement remains subject to all necessary regulatory approvals, including the final approval of the TSXV.

The issuance of Shares to Ms. Freeze pursuant to the Private Placement is considered to be a related party transaction subject to TSXV Policy 5.9 and Multilateral Instrument 61-101. Ms. Freeze intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the Private Placement by Ms. Freeze will not exceed 25% of the fair market value of Candente Gold Corp’s market capitalization. The Private Placement has been approved by the board of directors of the Company.

About Candente Gold

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*).

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Candente Gold Corp.

“Joanne Freeze” P.Geo.
President, CEO and Director

For further information please contact:
Joanne Freeze
President & CEO
Tel: + 1 (604) 689-1957
[email protected]

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Gold#, #Mexico
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Candente Gold $CDG.ca Advises that the Previously Announced Private Placement is Fully Subscribed $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 9:06 AM on Thursday, November 12th, 2020

VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to advise that the previously announced (Nov 5th, 2020) non-brokered private placement (the “Private Placement”) of 4,000,000 common shares (“Shares”) at a price of $0.05 per Share for a total of $200,000 has been fully subscribed.

Joanne Freeze, President and CEO, a control person of Candente Gold Corp., has subscribed for 53.75% of the Private Placement. In addition to Ms. Freeze there are three other subscribers. Closing of the Private Placement is expected to be completed within one week.

The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a four month hold period from the date of closing. Finder fees of approximately $2,450 will be paid. No warrants will be issued as part of this private placement.

About Candente Gold

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is currently evaluating other properties that are complimentary to the SDA plant, El Dorado and the Cocula Project.

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)

Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant recently due to COVID virus travel restrictions. The work discussed in the News Release is either historical and documented by public records or conducted by Mexican professionals with qualifications similar to those of QP’s registered in Canada. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Candente Gold Corp.

“Joanne Freeze” P.Geo.
President, CEO and Director

For further information please contact:
Joanne Freeze
President & CEO
Tel: + 1 (604) 689-1957
[email protected]

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Gold#, #Mexico
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Candente Gold $CDG.ca Announces Cross Distribution and Private Placement $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 10:59 AM on Thursday, November 5th, 2020

VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that a it intends to complete a non-brokered private placement (the “Private Placement”) of up to 4,000,000 common shares (“Shares”) at a price of $0.05 per Share for gross proceeds to the Company of up to $200,000.

Joanne Freeze, President and CEO, a control person of Candente Gold Corp., will subscribe for a minimum of 50% of the Private Placement. In connection with the Private Placement, Ms. Freeze plans to complete a cross distribution, whereby she will sell up to 2,000,000 Shares from her holdings in pre-arranged trades (the “Cross”) over the facilities of the TSX Venture Exchange Inc. (the “TSXV”). Ms. Freeze will use 100% of the proceeds from the Cross to subscribe for Shares in the Private Placement. The price at which the Cross is completed will be determined in the context of the market.

The Private Placement and the Cross remain subject to all necessary regulatory approvals, including the approval of the TSXV.

The Company intends to use the net proceeds of the Private Placement to advance the recently launched growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while advancing drill targets on the El Oro project, its flagship asset, and general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a four month’s hold period from the date of closing.

This press release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation, or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

About Candente Gold

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is currently evaluating other properties that are complimentary to the SDA plant, El Dorado and the Cocula Project.

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*).

Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant recently due to COVID virus travel restrictions. The work discussed in the News Release is either historical and documented by public records or conducted by Mexican professionals with qualifications similar to those of QP’s registered in Canada. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Candente Gold Corp.

“Joanne Freeze” P.Geo.
President, CEO and Director

For further information please contact:
Joanne Freeze
President & CEO
Tel: + 1 (604) 689-1957
[email protected]

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Gold#, #Mexico, #Mine
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Candente Golds $CDG.ca Samples High Grade Gold and Silver on the Cocula Gold Project, Mexico $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM at 8:54 AM on Thursday, October 29th, 2020

VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that high grade gold and silver has been sampled on the Cocula project.

As reported in News Release dated, October 22nd, 2020, samples collected to check historical reporting confirmed grades of 5.663 grams per tonne (“g/t”) gold over 6 metres and 4.322 g/t gold over 8 metres in quartz breccia bodies which we understand are typical throughout the deposit.

In addition, higher grades of 59.0 g/t gold and 729 g/t silver have been found in a selected sample over 10 centimetres (“cm”) in the hanging wall of a quartz vein-breccia structure near the portal of a collapsed adit. We understand mineralization was previously exploited from this adit on a small scale using a flotation recovery process but the Company has not found any formal production records. The mineralization in the high grade sample is described as dark grey to milky white banded quartz in vein and breccia with galena, pyrite and quartz crystals filling open spaces. A channel sample collected over 0.75 m adjacent to the selected sample and including part of the hanging wall, only returned 0.182 g/t gold and 18.9 g/t silver. The channel sample comprised milky white and gray to dark gray quartz breccia vein with fine grained pyrite, +1% galena and trace malachite. The Company understands that the high grades are coming from a bonanza zone for which we have no idea of the size or extent yet. Due to the nature of the high grades, the bonanza zone samples were check assayed in a second laboratory. The two laboratories used are the Alti Plano Gold Silver laboratory in Matehualas, San Luis Potosi, Mexico owned by Reyna Mining and Inspectorate Laboratory owned by Bureau Veritas who prepare their samples in Durango, Mexico and conduct sample analyses in Vancouver, Canada.

Base metal assays and multi-element ICP analyses are still pending for the rock check samples as are results from preliminary metallurgical testing.

The due diligence work is being conducted by Ing. Humberto Hernandez, Geological Engineer, member of Asociación de Ingenieros Mineros, Metalúrgistas y Geólogos de México and Ing. Gerardo Moreno, Geological Engineer and Miner, of Grupo Constructor Germo based in Durango, Mexico.

The Cocula Project area is located within the Ameca Mining District of Jalisco State which is home to Agnico Eagle’s El Barqueño Project and Endeavor Silver’s Terronera Project.

Please see News Releases No. 084 and 086 dated September 10th, and October 22nd, 2020 and http://www.candentegold.com/s/cocula.asp for further details on the Cocula Project.

About Candente Gold

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen our efforts to explore and potentially mine. The Company is currently evaluating other properties that are complimentary to the SDA plant, El Dorado and the Cocula Project.

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant gold-silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)

Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the Cocula Project recently due to COVID virus travel restrictions. The work discussed in the News Release is either historical and documented by public records or conducted by Mexican professionals with qualifications similar to those of QP’s registered in Canada. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Information

This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to information regarding the potential for and other statements that are not historical facts. While such forward-looking information is expressed by Candente Gold in good faith and believed by Candente Gold to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Gold’s MD&A. Factors that cause the actual results to differmaterially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Gold expressly disclaims any intention orobligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

On behalf of the Board of Candente Gold Corp.
“Joanne Freeze” P.Geo.
President, CEO and Director

For further information please contact:
Joanne Freeze
President & CEO
Tel: + 1 (604) 689-1957

Tags: #CandenteGold, #CDG, #Cornerstone, #Epithermal, #exploration, #Gold#, #Mexico, #Mine, #mining
Posted in All Recent Posts, Candente Gold | Comments Off on Candente Golds $CDG.ca Samples High Grade Gold and Silver on the Cocula Gold Project, Mexico $FMG.ca $MEX.ca $AGI.ca $DSV.ca

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