Exploration Briefs- April 2017

Osisko Mining has entered into a binding letter of intent with Deloitte Restructuring, acting as trustee in bankruptcy for Maudore Minerals, to acquire ownership of a land package of 1,205 claims in the Lebel-sur-Quévillon area of Québec. The acquisition adds to 2,942 claims recently acquired by Osisko in the same area by staking. The combined land area of the two acquisitions totals 2,160 km2 and has been named the “Quévillon project” by Osisko.

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Kirkland Lake Gold reported that underground exploration drilling has discovered a new gold deposit, the Lantern deposit, at its Cosmo mine in Australia’s Northern Territory. The deposit is located within 100 m of underground infrastructure and remains open for expansion along strike and down plunge.

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Endeavour Silver reported that exploration drilling continues to expand recently discovered, high-grade silver-gold mineralized zones to greater depths in the Terronera vein and at shallow depths in the La Luz vein at its Terronera property in Jalisco state, Mexico.

Recent drilling in the Terronera vein has expanded the main high-grade mineralized zone down to 400 meters (m), with the zone remaining open at depth and to the southeast. Drilling has also intercepted mineralized footwall and hangingwall splays that in some places merge to form one very thick mineralized zone.

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Exploration Beliefs - March 2017

Gold Standard Ventures has outlined plans for a $15.5 million 2017 exploration program on its Railroad-Pinion project on the Carlin Trend in Nevada, including up to 48,800 m of reverse-circulation and core drilling in a total of 117 holes. The budget also includes an extensive predevelopment component, with new resource estimates, further metallurgical work and economic studies to de-risk key assets.

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Columbus Gold has initiated an exploration drilling program to assess the expansion potential of its 100% owned Montagne d’Or gold deposit in French Guiana. The program consists of 36 core holes for a total 5,520 m and is designed as a first-pass investigation of exploration targets on strike of and in close proximity to currently defined mineral resources.

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 Mirasol Resources and OceanaGold have signed a Letter of Intent (LoI) as a first step toward formation of a joint venture to explore and develop Mirasol’s La Curva gold project in Santa Cruz province, Argentina. Mirasol has undertaken an extensive exploration and geophysical program at the property over a number of years and outlined three priority prospects.

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Exploration Briefs - December 2016

Premier Gold Mines has entered into separate option agreements with Goldcorp and Kinross Gold to acquire prospective exploration projects in Nevada and Mexico.

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Exploration Briefs - November 2016

AngloGold Ashanti Australia (AngloGold) has signed a farm-in agreement with Saracen Mineral Holdings that allows AngloGold to earn up to a 70% interest in Saracen’s Butcher Well and Lake Carey tenements in Western Australia. The tenements are located along the western side of Lake Carey, west of AngloGold’s 100% owned Sunrise Dam gold mine, and are complementary to AngloGold’s existing large tenement package.

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