Exploration Briefs - August 2017

Leagold Mining has reported drilling results for the first 20 holes of its infill and step-out exploration program at the Bermejal Underground deposit at the Los Filos gold mine in Guerrero state, Mexico. Highlights from the program include 7.2 g/mt over 18.8 m, 6.8 g/mt over 13.3 m, and 26.3 g/mt over 2 m (all capped grades and true widths).

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Barkerville Gold Mines has announced additional drilling results from its ongoing, 130,000-m Phase II Island Mountain exploration drilling program on its flagship Cariboo gold project in central British Columbia, Canada. The company is currently exploring and delineating the Valley and Shaft zones of the project with seven drill rigs, while an eighth drill rig is conducting exploratory drilling on Barkerville Mountain.

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Kingsgate Consolidated has discovered a new zone of silver mineralization at Cerro Blanco West on its 100% owned Nueva Esperanza precious metals project in the Maricunga district of Atacama province, Chile. Eight reverse circulation holes totaling 1,226 m were completed on the new target prior to drilling being halted by the early onset of winter conditions. Intercepts included 60 m grading 67.57 g/mt of silver from 40 m to 100 m downhole and 50 m grading 84.04 g/mt of silver from 62 m to 112 m downhole.

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Exploration Briefs - July 2017

Debmarine Namibia has launched the world’s largest and most advanced diamond exploration vessel, the mv SS Nujoma, to explore for diamond deposits on the ocean floor offshore from Namibia. The 12,000-mt, diesel-electric-powered vessel is 113 m long, can accommodate a crew of 80, and has a helicopter deck suitable for Sikorsky S61s. It was constructed in Ulsteinvik, Norway, and fitted with its subsea sampling system, designed by De Beers Group, in Cape Town, South Africa.

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Seabridge Gold has acquired a 100% interest in the Snowstorm gold project in northern Nevada from PFR Gold Holdings. The project consists of 31 mi2 of land strategically located at the projected intersection of the Carlin trend, the Getchell trend and the Northern Nevada rift zone.

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Mirasol Resources has signed a definitive option agreement with OceanaGold to explore Mirasol’s La Curva gold project in Santa Cruz province, Argentina. The agreement grants Oceana the option to acquire up to a 75% interest in the project in five stages.

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Exploration Briefs - June 2017

OZ Minerals has entered into an exploration earn-in agreement targeting three newly identified base-metal prospects in Oaxaca state, southern Mexico. OZ is partnering with Acapulco Gold Corp., a private exploration company based in Canada that has significant experience and a discovery track record in Mexico. OZ will make a first-year in-ground expenditure of $450,000 on detailed geological mapping, geochemistry, and geophysics. Drilling is expected to begin in the second half of 2017.

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Roxgold Inc. has reported a large number of high-grade intercepts from drilling at the Bagassi South deposit less than 2 km south of its flagship Zone 55 underground gold mine on its Yaramoko property in southwest Burkina Faso. Highlights from Bagassi South include 78.9 g/mt over 2.3 m in one diamond drill hole and 220 g/mt over 1.1 m in another. The drilling program totaled 29,160 m in 134 holes.

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Mawson Resources has discovered a new zone of gold mineralization at the Raja prospect on its Rajapalot project in northern Finland. Intercepts include 27 m at 3.3 g/mt gold from 64 m, including 8.8 m at 7.5 g/mt gold from 82.2 m. The prospect has an established strike length of at least 200 m and remains open.

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Exploration Briefs - May 2017

Golden Star Resources’ 2017 exploration strategy in southwest Ghana is focusing on increasing the lives of its Prestea and Wassa mining operations. Phase one of the program includes 48,000 m of drilling, with the option of expanding the program if the results are positive.

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Gold Road Resources has budgeted $A30 million for 2017 exploration on the North Yamarna, Gruyere, and South Yamarna projects located about 200 km east of Laverton, Western Australia. North Yamarna is owned 100% by Gold Road; Gruyere is a 50:50 joint venture between Gold Road and Gold Fields Ltd; and South Yamarna is a 50:50 joint venture between Gold Road and Sumitomo.

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Richmont Mines reports that recent exploration drilling has identified new high-grade mineralization approximately 800 m east of the main deposit at its Island Gold mine 83 km northeast of Wawa, Ontario. The 2017 drilling program continues to build on positive results achieved in 2016 and is focused on three key priorities: to expand near-mine resources outside the Expansion Case PEA area, both laterally and at depth; to further expand the reserve base, primarily within the Expansion Case PEA area; and continuing to test high-priority regional gold targets across the prospective Island Gold property.

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