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Hemisphere Energy ( HME )

Hemisphere Energy Announces Third Quarter Results and Declares Dividend

Vancouver, British Columbia--(November 17, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") today reported its financial and operating results for the third quarter ended September 30, 2022, during which the Company recorded almost $24 million in revenue and its third highest ever adjusted funds flow from operations (AFF)1 of $10.6 million. Hemisphere also spent $4.6 million on drilling operations and facility improvements, paid off its bank debt, and distributed $2.6 million of dividends to its shareholders.
 
Quarterly Dividend
 
With the Company realizing free funds flow1 of $6 million in the quarter, Hemisphere's board of directors has approved a quarterly dividend of $0.025 per share, to be paid November 30, 2022 to shareholders of record as of the close of business on November 23, 2022. The dividend is designated as an eligible dividend for income tax purposes.
 
Q3 2022 Highlights
 
Paid off all bank debt.
Produced an average of 2,870 boe/d (99% heavy oil), a 72% increase over the third quarter of 2021.
Attained quarterly revenue of $23.7 million, a 127% increase over the third quarter of 2021.
Delivered an operating field netback1 of $49.95/boe, 27% higher than in the third quarter of 2021.
Category: Oil & Gas
Published: 17 November 2022
Written by Editor
TSX Venture   Energy   Financial Results  
Read more: Hemisphere Energy ( HME )

Skeena Resources ( SKE )

Skeena Announces High-Grade In-Pit Extension of 21A West Zone Intersecting 7.91 g/t AuEq Over 17.20 metres

VANCOUVER, BC / November 17, 2022 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") is pleased to announce additional drilling results from the 21A West Zone delineation program as part of the recently completed 2022 regional and near mine exploration campaigns at the Eskay Creek gold-silver Project ("Eskay Creek" or the "Project") in the Golden Triangle of British Columbia. Analytical results and reference images from the recently completed drill holes are detailed in this release as well as on the Company's website.
 
Assay Results Extend 21A West Zone Further to the South
 
In an area previously modeled as barren waste rock, exploratory drill hole SK-22-1131 intersected high tenor gold and silver mineralization in Rhyolite facies rocks starting at 14 metres vertically below surface averaging 7.73 g/t Au, 16.8 g/t Ag (7.91 g/t AuEq) over 17.20 m with notable high-grade subintervals including 9.47 g/t Au, 13.7 g/t Ag (9.62 g/t AuEq) over 4.02 m and 14.61 g/t Au, 31.3 g/t Ag (14.96 g/t AuEq) over 5.20 m. This drill hole is situated within the proposed open-pit and 35 metres along trend to the south of previously reported 2022 drill hole SK-22-1031, which intersected 2.21 g/t Au, 4.6 g/t Ag (2.27 g/t AuEq) over 50.00 m.
Category: Silver / Gold
Published: 17 November 2022
Written by Editor
TSX   Mining   Drill Results  
Read more: Skeena Resources ( SKE )

Skeena Resources ( SKE )

Skeena Extends Eskay Creek Rift with New Discovery Intersecting 4.46 g/t AuEq over 32.19 metres

VANCOUVER, BC /  November 1, 2022 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") is pleased to announce drilling results from the very first deep drill hole that successfully intersected the down dip extension of the Eskay Creek Deposits as part of the ongoing 2022 regional and near mine exploration programs at the Eskay Creek gold-silver Project ("Eskay Creek" or the "Project") in the Golden Triangle of British Columbia. Analytical results and reference images from the recently completed drill hole SK-22-1081 are detailed in this release as well as on the Company's website.
 
Eskay Creek Rift Extended to Depth with New Mineralization
 
Exploratory drill hole SK-22-1081 has identified a completely new occurrence of Rhyolite-hosted mineralization situated 650 metres down dip of the NEX Zone in the Eskay Deeps. This very broad interval grades 3.79 g/t Au, 59.4 g/t Ag (4.46 g/t AuEq) over 32.19 metres and includes numerous high tenor subintervals including 10.15 g/t Au, 44.0 g/t Ag (10.64 g/t AuEq) over 1.00 metres, and 2.33 g/t Au, 699.0 g/t Ag (10.18 g/t AuEq) over 1.00 metres. Full assays for the entire intersection are detailed in Table 1 below.
 
Situated at a vertical depth of 850 metres below surface, the new gold-silver mineralization is hosted entirely within altered Rhyolite Breccias which begin four metres below a very thin (<1 metre) and unmineralized layer of Contact Mudstone. The stratigraphic sequence, styles of mineralization, alteration and geochemical signatures are all analogous to those observed throughout the main Eskay Creek Deposits.
Category: Silver / Gold
Published: 01 November 2022
Written by Editor
TSX   NYSE   Mining   Drill Results  
Read more: Skeena Resources ( SKE )

Benz Mining Corp ( BZ / BNZ )

12 New Pegmatite Zones Identified at Ruby Hill West

HIGHLIGHTS
 
12 new pegmatite rich areas associated with greenstone/granite boundaries identified and 45 rock chips samples collected during recent field campaigns
129 additional claims acquired expanding the existing tenement package, adding 20km of additional granite/greenstone contact strike for a total of 90km of contact
Pegmatites at Ruby Hill West Lithium discovery announced earlier this year with 26.4m at 1.01% Li2O intersected in maiden drill program
3,822 samples from 2022 exploration programs currently pending assays including half core samples from historical hole RHW-08-003 where ~80m of pegmatite was historically intersected but not assayed
Winter drilling to start in January 2023 targeting both critical minerals and gold
Exploration fully funded for nxt 15 months with C$10m program
 
Toronto, Ontario--(October 27, 2022) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (the Company or Benz) is pleased to provide an update on its ongoing critical minerals exploration activities in the Upper Eastmain Greenstone Belt, located in the James Bay area of Quebec.
 
Benz recently completed a helicopter supported reconnaissance and prospection campaign at the Ruby Hill West property which resulted in the sampling of multiple pegmatite occurrences in 12 new locations along the 45km of strike of greenstone belt under tenure at the Project.
Category: Silver / Gold
Published: 27 October 2022
Written by Editor
TSX Venture   Project Update   ASX  
Read more: Benz Mining Corp ( BZ / BNZ )

Osisko Mining Inc ( OSK )

Osisko Lynx 600 Level Bulk Sample Averages 65.5 g/t Au

169% Reconciliation vs Gradein Mineral Resource Estimate
 
10,135 ounces Gold and 4,378 ounces Silver Contained within 4,809 tonnes
 
TORONTO, Oct. 27, 2022  -- Osisko Mining Inc. (OSK:TSX "Osisko" or the "Corporation") is pleased to provide new results from the continuing exploration program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec.
 
Highlights
 
Average grade of 65.5 g/t Au (2.11 ounces per Ton Au) for the bulk sample, 169% positive reconciliation
4,809 tonnes bulksamplecontained10,135ouncesAuand4,378ouncesofAg
93.1% Au recovery (including 52.2%Aurecoveryingravityconcentrates) from floatation processing circuit
Windfall bulk samples processed to date (Zone 27, Lynx 311, and Lynx 600) using floatation processing comprised an aggregate of 16,025 tonnes containing 14,914 ounces of gold and 8,004 ounces of silver, with the average gold recovery for the three samples of 94.1%
Category: Silver / Gold
Published: 27 October 2022
Written by Editor
TSX   Mining   Project Update  
Read more: Osisko Mining Inc ( OSK )
  1. MAG Silver Corp ( MAG )
  2. Skeena Resources ( SKE )
  3. Skeena Resources ( SKE )
  4. AbraSilver Resource Corp ( ABRA )
  5. HighGold Mining ( HIGH )

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