Leading Edge Materials” or the “
Company”) (
Nasdaq First North: LEMSE) (
OTCQB: LEMIF) announces results for the fiscal year ending October 31, 2020. All references to dollar amounts in this release are in Canadian dollars.
Highlights During and After the Quarter
During the three months ended October 31, 2020 the Company:
Completed a non-brokered private placement for proceeds of $3,520,000 by issuing 32,000,000 units at a price of $0.11 per unit. Each unit consists of one common share, and one common share purchase warrant exercisable into one common share at an exercise price of $0.20 expiring August 7, 2024.
Received information that the Bucharest Court of Appeal published a ruling dismissing the appeal against the Agenţia Natională Pentru Resurse Minerale (“NAMR”) by the competing bidder for the Bihor Sud Exploration license in Romania as groundless. Pending the full ruling being served to the parties of the appeal and a subsequent appeal wi
Database integrity Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes. Logging information was originally recorded on paper, then entered into MS Excel format and then sent to the company s DBA once the log was complete. Since 2017, logging has been on laptops directly into MS Excel tables. Collar surveys were received electronically from surveyors. Downhole surveys (underground holes only) were received electronically from the drilling company with surface drilling surveys being entered first on paper then into MS Excel format before loading into the database.
Lara Exploration Ltd.: Lara Exploration Ltd: Production Update for the Celesta Copper Mine in Brazil
Vancouver, British Columbia (Newsfile Corp. - January 26, 2021) - Lara Exploration Ltd. (TSXV: LRA) ( Lara or the Company ), is pleased to report that during the ramp-up phase between July and December 2020 the Celesta Copper Mine shipped 1,195 dry metric tonnes of concentrate, containing 457 tonnes of copper metal and 1,286 ounces of gold.
The plant has so far achieved a maximum processing rate of 350 tonnes per day, below the targeted 500 tonnes per day commercial production as defined in the contract with Lara. Concentrate production has also been impacted by lower than projected recoveries from the part-oxidised transition material from the Osmar deposit. These production issues are being addressed with the addition of a second and larger ball mill, ordered in late 2020, along with additional flotation cells, which are scheduled to be delivered and installed in Q2-2021. The p
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Mandalay Resources Corporation Announces Recent Drilling Results for Costerfield’s Youle .
Mandalay Resources CorporationJanuary 26, 2021 GMT
TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the Youle extension project at Costerfield, highlighting the delineation of the previously reported southern domain, and the discovery of a new high-grade extension to the northern trend of Youle.
Youle Drilling Highlights
Drill holes convey lateral continuity of current mine development area, linking to previously reported southern domain (Figure 4):
(1)
TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) Mandalay Resources Corporation ( Mandalay or the Company ) (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the Youle extension project at Costerfield, highlighting the delineation of the previously reported southern domain, and the discovery of a new high-grade extension to the northern trend of Youle.
Youle Drilling Highlights
Drill holes convey lateral continuity of current mine development area, linking to previously reported southern domain (Figure 4):
264.1 g/t gold and 19.7% antimony over a true width of 0.23 m in BC162; and
94.7 g/t gold and 16.4% antimony over a true width of 0.05 m in BC158.
New high-grade results north of Youle extending at depth: