NEW YORK, August 29, 2018 /PRNewswire/ --
The gold price hit its highest level in two weeks during early trading Tuesday, as the Dollar weakened after
the United States and Mexico reached an agreement on a trade
deal. However, gold gave up its gains during the day and fell from its two week-high. Gold Spot was trading at USD 1,201.42 per ounce during the Tuesday trading session while U.S. Gold future for December
delivery was trading at USD 1,201.90 per ounce. On Monday, the U.S. and Mexico reach a deal to revise the North American Free Trade Agreement. The deal between U.S. and
Mexico pushed the Mexican peso higher against the U.S. Dollar. Sixty North Gold Mining
Ltd. (OTC: SXNTF), B2Gold Corp. (NYSE: BTG), IAMGOLD Corporation (NYSE: IAG), Aben Resources Ltd. (OTC: ABNAF), Yamana Gold
Inc. (NYSE: AUY)
Gold price is sensitive to the U.S. Dollar as a weaker Dollar makes it cheaper for other currency holders to buy gold. An
agreement between the U.S. and Mexico could help ease the concerns over the global trade
tensions. However, analysts warn the ongoing U.S.-China trade fiasco may still weigh on the gold
price. According to Reuters, Commerzbank analyst Daniel Briesemann said: "The main trade dispute, meaning U.S.-China conflict, is still going on so this NAFTA deal is just a small aspect."
Sixty North Gold Mining Ltd. (OTCQB: SXNTF) also listed on the Canadian Securities Exchange under the ticker (CSE:
SXTY). Just earlier this morning, the company announced breaking gold sector news that, "it has
received assay results from 282 rock samples collected across its Mon Property, Yellowknife Gold Belt, NWT, Canada. The two established gold trends have been further defined from this work. In addition, 155
biogeochemical samples have been collected and analysed. Further results are pending.
West Mafic Trend - One hundred and two rock grab and chip samples were collected from the West Mafic Trend (WMT). The highest
assay of 52.4 gpt gold (fire assay 30gm gravimetric finish) with the average grade of 2.67 gpt is within the 3,300 m long trend across the property. Twenty-two of the samples include continuous chip samples where
exposures would permit. The historic WXY Zone within the WMT returned 7.22 gpt gold over 6.0 m in
Trench #4 with only minor quartz observed. Trench #5 located 30m on strike from trench #4 returned
2.18 gpt gold over 5.4 m. Exposure limits further sampling in this area. All mineralization is
structurally controlled, occurring in discrete schistose domains +/- quartz, cross-cutting mafic to intermediate volcanic rocks
intruded by gabbro. Readers are cautioned that grab samples are by their nature selective and are not necessarily indicative of
the general geology of the property.
Forty-seven samples focused on a 450m long well-mineralized portion of the WMT 1,800m south of the WXY Zone. Grab samples of rocks hosting structurally controlled quartz and sulfide-rich
schist zones up to 70 m wide (50% schists) contain the high value of 52.4 gpt and an average of
4.64 gpt gold.
In addition, a 1,500 m long splay of the WMT was tested by 39 rock grab and chip sampling
contained a high assay of 45.5 gpt gold (fire assay 30gm gravimetric finish) (58.32 gpt gold by ICP) and an average grade of 2.12
gpt gold. The highest values occur proximal to a 57 m wide zone of structurally controlled quartz
veins cross-cutting intermediate to felsic volcanic rocks tested by a 7m long historic trench.
East Mafic Trend - The East Mafic Trend (EMT) can be traced for 3,700 m across the property,
includes the past-producing A-Zone and has been tested in another location by another five samples. These average 11.96 gpt gold
with a high value of 37.5 gpt (fire assay 30gm gravimetric finish).
All rock grab and chip samples were collected by hand and were located by hand-held GPS, bagged and tagged with certified
blanks and standards inserted at 1 in 7 to 1 in 10 intervals, sealed, delivered to Bureau Veritas Laboratories in Yellowknife and processed at their ISO/IEC 17025:2005 and ISO 9001:2015 certified laboratory in Vancouver. Bureau Veritas is independent of the Company. All samples were crushed and pulverized using PRP
70-250, analysed for 53 elements by ICP-MS using AQ251 and fire assay gold FAA 330 with all over limit golds analysed using fire
assay gold FAA 550. The laboratory also runs duplicate and repeat analyses of every 15 to 25th sample, as well as internal blanks
and standards which are reported to the Company.
Biogeochemical Sampling - The first spruce bark (SB) sample program on the Mon Property has confirmed and extended the known
trends and identified additional target areas as shown on the attached map.
1. The EMT can be shown to host the only five biogeochemical samples with anomalous gold values (out of 155 samples) including
the most anomalous sample which is coincident with the high-grade past producing A-Zone. Materially, this defines and extends the
favourable trend for over 1,800 m towards the high-grade gold values sampled rocks in the EMT. It
is significant that there is no bedrock exposure except at the A-Zone and at the south-end of the anomaly. Follow-up work is
recommended.
2. There is an extensive (3,700m long) biogeochemical anomaly dominated by copper, zinc, and
silver with minor antimony and mercury that broadly coincides with the top of a thick felsic tuff in contact with metasedimentary
rocks. This is consistent with what would be expected within a volcanogenic massive sulphide (VMS) environment.
3. There is a well-defined western biogeochemical anomaly dominated by mercury and antimony with minor copper arsenic and
silver. Some gold showings with values up to 4.49 gpt occur in quartz with chalcopyrite and malachite cross-cutting mafic
volcanic rocks. Follow-up work is recommended.
Ronald Handford, CEO of Sixty North Gold, reports, "The follow-up rock sampling has identified
areas that should be examined in more detail. The WMT sampling demonstrates both size and grade potential in rocks similar to
those that host the gold deposits in Yellowknife (past production: 14 million ounces of gold).
Additional sample results are pending, but the Company will immediately follow-up these exceptional results with a trenching
program to collect representative samples across a number of these prospective zones."
"The biogeochemical program identified portions of the EMT where spruce trees have similar biogeochemical characteristics as
those at the past-producing A-Zone. This extends the prospective A-Zone horizon for over 1,800 m
through areas that have very limited or no bedrock exposure. Follow-up work on this anomaly will be conducted."
"The VMS horizon will be examined in more detail in the future. The Sunrise Lake VMS deposit located 130 km east-northeast of
Yellowknife, owned by Silver Standard Resources Inc. reported a Mineral Resource Estimate of 1.5
million tonnes of Indicated Mineral Resource grading 2.39% lead, 5.99% zinc, 0.08% copper, 262 gpt silver and 0.67 gpt gold and
2.6 million tonnes of Inferred Mineral Resource grading 1.92% lead, 4.42% zinc, 0.07% copper, 169 gpt silver and 0.51 gpt gold
(Roscoe, W.E., and Wallis, C.S., 2003), open for expansion. The VMS horizon is a viable target on the Mon Property." Readers are
cautioned that mineralization hosted on the Sunrise Lake VMS deposit is not necessarily representative of the mineralization
hosted on the Mon Property.
Mr. Handford further reports "Crews have been on the property since June assessing all historic showings and identifying new
zones. Additional sample results are being received and will be released upon completion and confirmation by our QP."
Dr. D.R. Webb, Ph.D., P.Geol., P.Eng. is the Qualified Person for this release within the
meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.
About the Company - The Company is engaged in acquisition, exploration and development of mineral properties. Its principal
target is the exploration for gold on the Mon Gold Property, 40 km north of Yellowknife, NWT.
The Mon Gold Property consists of 11 contiguous mining leases and 3 mineral claims, comprising an aggregate 1,536.92 acres,
located in the South MacKenzie Mining District, NWT. For more information, please refer to the Company's Prospectus dated
January 19, 2018 available on SEDAR (http://www.sedar.com ), under the Company's profile."
B2Gold Corp. (NYSE: BTG) is the world's new senior gold producer. B2Gold Corp. recently announced that the Malian
Council of Ministers and the President of Mali have approved the participation of the State in
Fekola SA for a total interest of 20%. Fekola SA is a 100% owned subsidiary of B2Gold which holds the Company's interest in the
Fekola Mine. Fekola is B2Gold's largest mine, representing approximately 45% of the Company's projected consolidated 2018 gold
production. For the first half of 2018, Fekola produced 226,786 ounces of gold, above budget by 11% with cash operating costs of
USD 293 per ounce, USD 71 per ounce below budget, and all-in
sustaining costs ("AISC") of USD 466 per ounce, USD 138 per ounce
below budget. Based on the positive exploration results to date, the Company's in-house technical team is conducting engineering
and other technical studies to ascertain the potential to expand the current Fekola Mine and mill facilities, and increase
tonnage throughput, thereby increasing annual gold production, if, as expected, a larger open-pit resource is confirmed by the
current exploration and in-fill drilling. Results of these studies are projected to be available by year-end 2018.
IAMGOLD Corporation (NYSE: IAG) is a mid-tier mining company with four operating gold mines on three continents.
IAMGOLD Corporation recently announced assay results from the 2018 winter drilling program completed at its Monster Lake joint
venture project. The project is located 50 kilometers southwest of Chibougamau, Quebec, Canada.
The Company is reporting the final assay results from all 26 drill holes, totaling 8,282 meters, completed as part of the initial
2018 program. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: "We
continue to be impressed with both the continuity and the high grades demonstrated by infill drilling of the 325-Megane Zone.
Although confirming resource extensions and expanding additional areas of mineralization has proved to be challenging for our
exploration team, this style of mineralization remains an attractive exploration target. As I have said before, we believe
the structural setting suggests favourable potential for the occurrence of additional mineralized shoots along the Monster Lake
structural corridor and we continue to evaluate this setting for additional zones of mineralization."
Aben Resources Ltd. (OTCQB: ABNAF) is a Canadian gold exploration company developing projects in British Columbia's Golden Triangle, the Yukon, and Saskatchewan. Aben Resources Ltd. recently provided an update on its exploration drill program currently
underway at the Forrest Kerr Property in BC's Golden Triangle. The Company has intersected mineralization 1.5km south of the
North Boundary Zone in a newly discovered area called the South Boundary Zone. Aben has now completed 4,850 meters of drilling in
16 holes at Forrest Kerr in 2018. The majority of drilling has taken place at the North Boundary area where high-grade precious
and base metal mineralization was discovered in 2017 drill holes as well as in the first reported drill hole of 2018. The ongoing
drill program has been expanded and will continue well into the Fall. Of the sixteen holes, three holes (1,150m) have been completed on the southwest side of the valley at the "South Boundary" target, located 1.5km
south of the strong gold and copper mineralization intersected at the North Boundary Zone. Drilling in this area targeted a
prominent soil geochemical anomaly (Au, Cu) that trends southward over 2km. Jim Pettit, President
and Chief Executive Officer of Aben Resources, stated, "This new discovery of mineralization 1.5km south of the North Boundary
Zone is a major development for the Company and further highlights the robust discovery potential at the Forrest Kerr Project.
The mineralizing system at the property is apparently widespread and well-developed with high-grade mineralization being
discovered at shallow depths over a large area. We believe we have only just scratched the surface at the newly discovered North
and South Boundary Zones and an expanded drill program is currently underway with assays pending for most of the holes drilled to
date."
Yamana Gold Inc. (NYSE: AUY) is a Canadian-based gold producer with significant gold production, gold development stage
properties, exploration properties, and land positions throughout the Americas including Canada,
Brazil, Chile and Argentina.
The Company recently announced the declaration of commercial production at Cerro Moro, a high-grade gold and silver mine in
Santa Cruz, Argentina. Cerro Moro is expected to deliver on
2018 production guidance with modest production in the second quarter of 2018 and nearly all of the expected 2018 production to
be delivered in the second half of the year. With the declaration of commercial production, the focus is now on optimizing the
operation and ensuring operating costs reach guidance levels. Jason LeBlanc, Yamana's Senior Vice
President, Finance and Chief Financial Officer, commented, "Cerro Moro is expected to generate a disproportionate amount of cash
flow and free cash flow relative to the comparatively small-scale nature of the operation. With the planned reduction in
expansionary capital spending and the anticipated strong margin to metal prices at Cerro Moro, per prior guidance the step change
in cash flow we have planned is expected to begin in the second half of 2018 and be more pronounced beginning in 2019."
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or
paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and
marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on
the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not
represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees
for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media
services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate
public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or
corporate news through our unique financial newswire and media platform. For Sixty North Gold Mining Ltd. financial news
dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees
may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a
combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance
is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or
cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the
editorial or Site or continue to post information about any companies the information contained herein is not intended to be used
as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information
contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are
not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles,
quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full
responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own
investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any
pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the
content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular
security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided
by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is
suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult
with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to
the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information
is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer,
disclosure and Terms of Use, please visit: http://www.financialbuzz.com.
For further information:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com