Vancouver, British Columbia--(Newsfile Corp. - February 6, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: X0VP) ("M3 Metals" or the "Company"). Effective immediately, Marco Montecinos has been appointed to the Company's Board of Directors as an independent director. Mr. Montecinos has extensive knowledge of Nevada and Arizona operations and will leverage his experience to help the Company advance the Mohave Mine Gold Project (the "Project").
Mr. Montecinos is a respected mining professional with over 35 years experience in exploration projects and resource development in the Americas. Mr. Montecinos worked as a Senior Consultant to Intrepid Mines Ltd. in the Americas and in Australia and was Vice President of Exploration for Montana Gold. From 1983 to 1997 he worked in various capacities with numerous junior, intermediate and senior companies including Francisco Gold, Phelps Dodge, Placer Dome, Billiton, Alta Gold and Nerco Minerals. Marco was instrumental in the discovery of the Marlin Deposit in Guatemala and other gold deposits in Nevada, Mexico, and Central America.
Adrian Smith, President of M3 Metals comments "We are grateful to Mr. Montecinos for offering his extensive knowledge and experience which we believe will be very relevant to our Mohave Mine Gold Project. Mr. Montecinos' experience will be key to completing a successful exploration campaign and allowing the Company to leverage the extensive historic data available to complete a up-to-date 43-101 resource estimate on the project."
The Company also wishes to announce the resignation of Simon Clarke as a Director. M3 Metals thanks Mr. Clarke for his efforts and contributions to date and wishes him the best in his future endeavors.
The Project area covers numerous historic underground past-producing gold mines in the Weaver mining district, Mohave County, Arizona, USA. Three main areas on the Project include the Dixie Area, Klondyke Area and Golden Door Area.
The Company intends to complete an extensive drilling campaign to expand on the over 500 historic drill holes located on the Project. Currently the Company is utilizing the extensive historic database preserved from the previous operators who began development of the project in the 1990's. The Company continues to digitize the extensive historic database including underground mine workings, geological mapping, historic drill logs and assay sheets from over 500 historic drill holes, and the abundant surface soil and rock data to prioritize drill targets for the planned drilling program.
The Company has secured an option to acquire the mineral rights to all the historic mines falling within the Project area and believes they may be related to a property wide gold system. M3 Metals has the right to acquire a 100 percent right, title and interest in the Mohave Mine Gold Project comprised of a total of 160 lode and mill-site claims.
Additional information is available on the Mohave Project page at www.m3metalscorp.com.
Disclaimer
Adrian Smith, P.Geo., acts as the Qualified Person, as that term is defined by National Instrument 43-101, for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email
M3 METALS CORP.
"Adrian Smith"
Adrian Smith
President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals (both federal and state), the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States (including Nevada) or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52159
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: X0VP) ("M3 Metals" or the "Company") is pleased to announce that it has reached a significant milestone on its Mohave Mine Gold Project (the "Project"). The Company has now submitted a Plan of Operation (the "Plan") to the Bureau of Land Management ("BLM") regarding proposed disturbance on a total area of 892 Acres contained within its Mohave Mine Gold project area. The Plan outlines 600 proposed drill holes across three broad areas; the northern Golden Door Area, the central Klondyke Area, and the southern Dixie Area. The Plan also outlines a proposed bulk sample of up to 1,000 tonnes. The Plan utilizes existing infrastructure on-site including the proposed use of existing road access and production water wells that were constructed in the 1990's along with a 350 tonne per hour crushing/material processing facility which remains on site and in good condition.
The Company is also pleased to announce that it has contracted the environmental engineering company McGinely & Associates to begin collecting environmental baseline data for an Environmental Assessment (the "EA"). The EA will focus on the three separate regions within the Project area and will form the basis for all future disturbance within these areas.
McGinley & Associates, Inc. is a Nevada-based and employee-owned environmental engineering and science consulting firm, with offices in Reno and Las Vegas. McGinley's team of professional engineers, professional geologists, geochemists, hydrogeologists, biologists, GIS analysts, and others have been providing technical and permitting services to the mining industry in the western United States since 2001.
Mohave Mine Gold Project
The Project area covers numerous historic past-producing gold mines in the Weaver mining district, Mohave County, Arizona, USA. Three main areas including the Dixie Area, Klondyke Area and Golden Door Area are outlined by highly anomalous gold geochemistry (including historic soil samples up to 3.7 grams per tonne gold; and historical rock grab samples up to 125 grams per tonne gold).
The Plan covers a total of 347 Acres in the Dixie Area targeting the widespread and highly anomalous gold in soil-and-rock anomalies surrounding multiple historic, past-producing, underground gold mines (the "Dixie Mines"). The Dixie Mines were thought to be discovered in 1894 and were active through the early 1900's as underground operations. Surface geochemistry surrounding the historic mines suggests that the gold mineralization occurs within a wide-spread near-surface gold system that may be amenable to heap-leach style operations. There is no known drilling within this area and no modern exploration other than the historic surface soil and rock grab and chip sampling.
The other two areas totalling 532 Acres that were submitted under the Plan include the Klondyke Area and the Golden Door Area. These areas include multiple historic past producing gold mines such as the past producing underground Klondyke Mine, Golden Door Mine and Jim & Jerry Mine.
The Company has secured an option to acquire the mineral rights to all the historic mines falling within the Project area and believes they may be related to a property wide gold system. M3 Metals has the right to acquire a 100 percent title and interest in the Mohave Mine Gold Project comprised of a total of 160 lode and mill-site claims.
Adrian Smith, President of M3 Metals Corp., comments, "While we continue to search for a partner on our iron ore project, we are extremely pleased with the progress at the Mohave Mine Gold Project. We see the potential for near-term gold production and are excited about beginning the baseline work, a major milestone towards this goal."
Additional information is available on the Mohave Project page at www.m3metalscorp.com.
Disclaimer
The Qualified Person for the Company has not verified the historic soil and rock analytical data disclosed within this release. While the Company has obtained all historic records including analytical data from the previous owner of the Project, the Company has not independently verified the results of the historic sampling.
Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email
M3 METALS CORP.
"Adrian Smith"
Adrian Smith
President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52018
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: X0VP) ("M3 Metals" or the "Company") is pleased to announce that it has reached a significant milestone on its Mohave Mine Gold Project (the "Project"). The Company has now submitted a Plan of Operation (the "Plan") to the Bureau of Land Management ("BLM") regarding proposed disturbance on a total area of 892 Acres contained within its Mohave Mine Gold project area. The Plan outlines 600 proposed drill holes across three broad areas; the northern Golden Door Area, the central Klondyke Area, and the southern Dixie Area. The Plan also outlines a proposed bulk sample of up to 1,000 tonnes. The Plan utilizes existing infrastructure on-site including the proposed use of existing road access and production water wells that were constructed in the 1990's along with a 350 tonne per hour crushing/material processing facility which remains on site and in good condition.
The Company is also pleased to announce that it has contracted the environmental engineering company McGinely & Associates to begin collecting environmental baseline data for an Environmental Assessment (the "EA"). The EA will focus on the three separate regions within the Project area and will form the basis for all future disturbance within these areas.
McGinley & Associates, Inc. is a Nevada-based and employee-owned environmental engineering and science consulting firm, with offices in Reno and Las Vegas. McGinley's team of professional engineers, professional geologists, geochemists, hydrogeologists, biologists, GIS analysts, and others have been providing technical and permitting services to the mining industry in the western United States since 2001.
Mohave Mine Gold Project
The Project area covers numerous historic past-producing gold mines in the Weaver mining district, Mohave County, Arizona, USA. Three main areas including the Dixie Area, Klondyke Area and Golden Door Area are outlined by highly anomalous gold geochemistry (including historic soil samples up to 3.7 grams per tonne gold; and historical rock grab samples up to 125 grams per tonne gold).
The Plan covers a total of 347 Acres in the Dixie Area targeting the widespread and highly anomalous gold in soil-and-rock anomalies surrounding multiple historic, past-producing, underground gold mines (the "Dixie Mines"). The Dixie Mines were thought to be discovered in 1894 and were active through the early 1900's as underground operations. Surface geochemistry surrounding the historic mines suggests that the gold mineralization occurs within a wide-spread near-surface gold system that may be amenable to heap-leach style operations. There is no known drilling within this area and no modern exploration other than the historic surface soil and rock grab and chip sampling.
The other two areas totalling 532 Acres that were submitted under the Plan include the Klondyke Area and the Golden Door Area. These areas include multiple historic past producing gold mines such as the past producing underground Klondyke Mine, Golden Door Mine and Jim & Jerry Mine.
The Company has secured an option to acquire the mineral rights to all the historic mines falling within the Project area and believes they may be related to a property wide gold system. M3 Metals has the right to acquire a 100 percent title and interest in the Mohave Mine Gold Project comprised of a total of 160 lode and mill-site claims.
Adrian Smith, President of M3 Metals Corp. comments, "While we continue to search for a partner on our iron ore project, we are extremely pleased with the progress at the Mohave Mine Gold Project. We see the potential for near-term gold production and are excited about beginning the baseline work, a major milestone towards this goal."
Additional information is available on the Mohave Project page at www.m3metalscorp.com.
Disclaimer
The Qualified Person for the Company has not verified the historic soil and rock analytical data disclosed within this release. While the Company has obtained all historic records including analytical data from the previous owner of the Project, the Company has not independently verified the results of the historic sampling.
Adrian Smith, P.Geo., is Qualified Person as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) as a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email
M3 METALS CORP.
"Adrian Smith"
Adrian Smith
President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52017
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2020) - M3 Metals Corp. (TSXV: MT) (FSE: X0VP) ("M3 Metals" or the "Company") wishes to retract, in its entirety, its news release dated January 24, 2020 (the "Retracted News Release"). The Retracted News Release should be disregarded.
The Retracted News Release concerned the Company's engagement of Hatch Inc. to complete an internal study (the "Study") concerning its 100 percent owned Block 103 Iron Ore Project (the "Project") located in Newfoundland and Labrador, Canada with the purpose of an internal review of the Preliminary Economic Assessment (the "PEA") for determining the future direction of the Project. The Study reviewed previous work completed on the Project including the preparation of a PEA dated effective June 27, 2013 and filed on SEDAR on August 6, 2013 under the Company's profile.
The Study completed by Hatch Inc. for the Company was not designed to be, and in no way is considered to be a PEA and is not in the form required under NI 43-101 (including under NI 43-101F1).
No part of the Study should have been disseminated to the public.
The Retracted News Release contained disclosure of information from the Study which is restricted under NI 43-101 including economic analysis based on inferred resources, as well as economic analysis (including capital costs and operating costs) which constitutes restricted disclosure per NI 43-101 unless supported by a Preliminary Economic Assessment (i.e. a "PEA") filed within 45 days of the initial announcement of the results, conclusion and recommendation of the PEA. The Company has not completed a PEA and as such is not in a position to file a PEA within 45 days of announcement. Any economic projections and forecasts previously referenced by the Company and based upon the Study in the Retracted News Release should not be relied upon.
The Company wishes to clarify that the inferred resource of 7.2 billion tonnes (the "2013 Estimate") at 29.2% total iron with metallurgical test results showing a projected 69.5% iron concentrate and low 0.4:1 strip ratio has not been changed or updated by the Company. Management still considers the PEA that was produced on behalf of the Company, after it acquired the Project, to be current for the purposes of NI 43-101.
However, the PEA was preliminary in nature and included inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is, and was at the time of the PEA, no certainty that Preliminary Economic Assessments will be realized.
The Study is an internal study never intended for public dissemination and does not update, change or restate the PEA or any economic analysis contained in the PEA.
Adrian Smith, P.Geo, PEGNL, APEGBC is the Qualified Person at defined by National Instrument 43-101 who has reviewed and approved the contents of this news release.
ABOUT M3 METALS CORP.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit the Company's website at www.m3metalscorp.com. You may also email
M3 METALS CORP.
"Adrian Smith"
Adrian Smith
President
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51922