Strongbow Exploration featured in Daily Telegraph article

Strongbow Exploration {TSX.V: SBW} was recently featured in a Daily Telegraph Article about the revival of tin mining in Cornwall.

SBW’s South Crofty project is a former tin mine that looks ripe for reopening as the tin price rises, offering jobs to an area of high unemployment in the process.

 

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Strongbow Exploration featured in a “Poldark Legacy” Daily Telegraph article.

 

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Strongbow Exploration {TSX.V: SBW} was recently featured in a Daily Telegraph Article about the revival of tin mining in Cornwall.

SBW’s South Crofty project is a former tin mine that looks ripe for reopening as the tin price rises, offering jobs to an area of high unemployment in the process.

The Telegraph mentions the “Poldark legacy”, referring tot he TV program of that name based in Cornwall during the age of tin mining.

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

 

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Cascadero Copper completes a 2580 metre drill program on their Taron Cesium project

Cascadero Copper Corp. {TSX.V: CCD}  has completed a 35 hole diamond drill program on its Taron Cesium Project, located in Argentina.

The vertical HQ core holes, averaging 74 meters in length for a total of 2,580 metres, had an average core recovery of 82%, and generated 1,300 samples.

 

 

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August 22, 2017

Vancouver, British Columbia – (August 22nd 2017) – Cascadero Corp. {TSX.V: CCD}  provides the following update:

The Company has completed a 35 hole diamond drill program on its Taron Cesium Project, located in Argentina. The vertical HQ core holes, averaging 74 meters in length for a total of 2,580 metres, had an average core recovery of 82% and generated 1,300 samples.

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TAR2017-26 had the highest grade continuous interval averaging 0.99% cesium over 8 metres from 10 to 18m depth. The cesium mineralization is very close to surface and all holes reported cesium mineralization. The Company anticipates releasing a resource estimate in the coming 6 – 8 weeks once a critical component, the hydrometallurgical study, is completed.

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‘This drill program was a complete success and marked an important step in the establishing the presence of a cesium bearing mineral system within the Taron property.’ reported Bill McWilliam, Chairman of the Board of Cascadero. ‘This work, combined with the hydrometallurgical program and other market studies, are to demonstrate the ability to produce cesium compounds and to materially reduce reagent costs in the processing stage.’

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‘The exciting news for the Company is that Cascadero can show strong selling price metrics for certain cesium compounds. And importantly, this advancement comes at a time of rising prices and expanding applications of cesium, rubidium and thallium as thallium and rubidium may be by-products.

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Cascadero and its metallurgical partner, the University of British Columbia, have already made the high- value compounds cesium hydroxide and cesium formate according to a flow sheet that recovers a high percentage of cesium (90%) from drill core material in a simple metallurgical process.

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“The UBC flow sheet and this next phase of metallurgical test work are expected to generate data which may enable the Company to proceed with a Project Evaluation Analysis,’ commented Mr. McWilliam.

 

 

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Cascadero’s Taron Cesium Project is a sediment hosted epithermal polymetallic occurrence with a rare metal component (Cesium and Thallium). Surface samples and drill hole assays demonstrate that the Taron deposit hosts a cesium mineralised system, and also hosts thallium, another rare metal, and potentially significant levels of rubidium.

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Geochemical analysis shows that rubidium is strongly correlated with cesium and has levels that average 16% of the cesium values. Rubidium carbonate is a relatively stable compound and Sigma Aldrich is offering it for sale C$367.50 per 100 grams.

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ABOUT CESIUM

Cesium, (chemical symbol Cs) is a rare metal best known for its extreme chemical reactivity. Approximately ~75% of the global cesium demand is used to create cesium formate compound. The initial application of cesium formate was in 1996 in the North Sea on difficult high-pressure high- temperature (HPHT) deep offshore oil wells. It has developed into the oil extraction industry’s premium drilling and completion fluid. Cesium formate the premium formate brine drilling fluid for which there is, to date, no acceptable replacement. Cesium formates high-density and low-viscosity is used to control formation pressures and temperatures in oil well drilling where its use illuminates the use of toxic high-density suspended solids in the drilling fluid-a significant technological, engineering and environmental advantage. It is safer to handle and does not damage the producing formation or down hole drilling equipment replacing corrosive barite muds and zinc bromide brines. Unlike the components of many other heavy liquids, cesium formate is relatively environment-friendly as it is biodegradable, and has reduced the cost of disposing drill cut material.

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The global cesium fine chemical and pharmaceutical market represents ~25% of global cesium consumption with high-margin Cs compounds. As a dense medium, cesium formate is used in genetic engineering to separate deoxyribonucleic acid (DNA), it is used in metallurgical testing and floatation separation on light and heavy materials, and is also well known for artificially produced radioactive isotopes used to treat various types of cancer, such as brain and prostate. Cesium compounds and chemicals are used in photo-emissive devices, experimental magneto-hydrodynamic electricity generation, atomic clocks for telecommunications and GPS navigation systems, catalysts in plastic manufacturing, specialty glasses, ion propulsion rocket motors, high-density alkaline batteries, coatings for solar cells, cesium catalysts in petroleum refining, manufacturing plastic and in food preparation. Research continues to generate new applications for cesium compounds.

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THE CESIUM SUPPLY CHAIN

Cascadero believes there is the likelihood of a cesium supply shortage in the near future that would result in higher cesium prices. For over twenty years, the global market demand for cesium has been supplied almost exclusively by two companies: Cabot Corporation and Bikita Minerals (PVT) Ltd.

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Cabot Corporation’s underground mine and is also under Bernic Lake in Manitoba, Canada. Cabot mines and processes the cesium ore into final products, making it the dominant global supplier of cesium products. Until recently the Tanco mine was one of two mines that provided cesium rich pollucite and Cs compounds for the past 20 years.

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The world’s only other significant source of cesium is (was) Bikita Minerals Ltd. Bikita is a pegmatite deposit located in Zimbabwe. It is an open pit mine that produces lepidolite (lithium) and pollucite to the global market along with Cabot Corp.

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Cascadero understands that the Tanco and Bikita mines are now mining their stock piles and have limited commercially valuable resources. Anecdotal information from industry sources suggests that the Bikita Mine has.

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In its annual report of 2016, Cabot issued the following statement regarding the situation at the Tanco Mine:

‘However, the structural stability may change at any time and there is a possibility of deterioration and flooding of this mine. While we have not mined at our mine in Manitoba since we completed a development project at that site in November 2015, we may resume those mining operations in the future. The failure to adequately manage these risks could result in significant personal injury, loss of life, damage to mineral properties, production facilities or mining equipment, damage to the environment, delays in or reduced production, and potential legal liabilities.’

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CESIUM PRICING

Information on cesium prices is difficult to secure. Cesium is mined and final products are made and sold in private companies, which are not obligated to report their operating results. Cabot stated that effective April 12, 2017, or as contracts allow, it was increasing prices by up to 18% for its fine chemical product portfolio. Demand for Cabot’s fine cesium chemicals products increased in late 2016 and has continued into 2017. This price adjustment is required to support ongoing investments in Cabot’s fine cesium chemicals manufacturing facility co-located with its mining operations in Manitoba, Canada.

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Cascadero is conducting further research to establish a potential value for cesium hydroxide and cesium formate for the resource estimate. Albemarle does not process pollucite or make cesium formate. Most Chinese companies do not process pollucite and or produce cesium formate but they market as a reseller from a variety of small producers. Pricing information by Cabot to its formate customers is closely held as the formate is leased and after use, the product is returned to Cabot for cleaning and reconstituting. The client is charged a lease fee, the cost of lost fluid, and the cost of reconstituting and cleaning. The lease price appears to be based on a cesium formate base price of ~US$50,000 per tonne of solution with a ~40% cesium content. Once reconstituted with additional new formate, Cabot is able to lease the same volume of cesium formate several times.

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Industry participants suggest that 20% cesium oxide could sell in a range of US$2,500 to US$2,800 per tonne. This implies a sell price $45-60 per kg is achievable for cesium hydroxide, depending on the grade or US$$22.5 to US$30 per kg at 50% solution.

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R. Simpson, P. Geo, of GeoSim Services Inc. was the independent Qualified Person (QP) for the Taron Project.

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Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Bill McWilliam
Chairman

 

 

 

 

 

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Komet Resources complete their drill program at their Kabaya project in Mali

Komet Resources Inc. {TSX.V: KMT} has completed its drill program on the Kabaya zone on the Dabia South permit (previously known as Moussala) in Mali.

Fifty-three holes of reverse circulation (RC) drilling were completed for a total of 4,243 metres.

 

 

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2017-08-23 10:56 ET – News Release

Mr. Andre Gagne reports

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KOMET — END OF DRILLING CAMPAIGN ON KABAYA IN MALI

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Komet Resources Inc. {TSX.V: KMT} has completed its drilling program on the Kabaya zone on the Dabia South permit (previously known as Moussala) in Mali. Fifty-three holes of reverse circulation (RC) drilling were completed for a total of 4,243 metres, and 4,233 samples were analysed in addition to 248 blanks, 249 standards and 249 duplicates.

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The Dabia South permit is located in the Senegalo-Malian shear zone which is already host to several important gold deposits such as Fekola (5M ounces) located at only 20 km to the west and Loulo (12M ounces) at 50 km north.

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The Kabaya zone is oriented north-south and is traced over a strike length of 500 m, a width of 230 m and a depth of 80 m. Furthermore, with the addition of the last results, the south-west extension is traced over a length of 200 m and a width of 50 m, also with a depth of 80 m.

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The gold-rich zone is open in all directions except towards the north where it may be shifted eastwardly according to an apparent pattern on surface which seems to move mineralised sections between 25 and 30 meters to the east progressing to the north.

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Following the verification of the analyzed results, of the mineralogy and of the density of material, Komet will prepare a preliminary resource calculation of the near-surface portion of the Kabaya zone and a NI43-101 compliant report.

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Map of Simplified geology of the Senegalo-Malian Shear zone and location of the permit are available at the following link: http://media3.marketwire.com/docs/1264_1.jpg

 

Mr. Andre Gagne, president and CEO, stated: “With the quality of those results, the future perspectives of our Dabia South permit are becoming more and more interesting. Consequently, we will accelerate the setup of the next drilling campaign.”

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Samples were analysed by fire assay with AA finish on 50 g sample aliquots at the SGS Laboratory in Bamako, Mali. Drilling supervision and sampling at the drill site were performed by qualified technical staff. The QA/QC program and the processing of results were designed by qualified geologists according to NI 43-101 regulation standards and best industry practices. One blank or standard or duplicate sample was inserted for every 20 samples analysed.

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

We seek Safe Harbor.




Cartier Resources intersects 6.4 gpt AU over 4 metres at Wilson

Cartier Resources Inc. {TSX.V: ECR} has released the results to date of the drilling carried out from March to June, 2017, on the Wilson property, located 15 kilometres east of Lebel-sur-Quevillon.

 

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Cartier Resources drills four m of 6.8 g/t Au at Wilson

 

CARTIER INTERSECTS 6.4 G/T AU OVER 4.0 M ON THE WILSON PROPERTY

 

Cartier Resources Inc. {TSX.V: ECR} has released the results to date of the drilling carried out from March to June, 2017, on the Wilson property, located 15 kilometres east of Lebel-sur-Quevillon. The program’s objective was to explore the lateral and depth extensions of known gold concentrations hosted in the Toussaint and Midrim structures.

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Nineteen diamond drill holes were completed for a total of 8,050 metres. All holes intersected the structures as well as mineralization and alteration. The results highlight the potential of two areas of interest from the T1 and T3 zones.

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Results such as 6.8 grams per tonne gold over 4.0 m including 16.1 g/t Au over 1.0 m and 8.4 g/t Au over 1.0 m (T1: WL17-15), as well as 8.3 g/t Au over 1.0 m (T3: WL17-11), add to those released in June as well as historical intersections from zones T1 (10.5 g/t Au/4.8 m and 33.2 g/t Au/3.0 m) and T3 (11.7 g/t Au/5.2 m and 6.3 g/t Au/7.0 m). These two zones occur within clusters of multiple zones that extend in a north-south trend as well as hosting the highest gold concentrations known on the property.

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“A new drill program will be conducted in the next months in order to develop the potential of the two zones at depth,” commented Philippe Cloutier, president and chief executive officer.

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Quality assurance/quality control

All lengths, mentioned in this press release, were measured along the drill core. The NQ core samples are crushed up to 80 per cent passing eight-mesh sieves and then pulverized up to 90 per cent passing a 200-mesh sieve. Cartier inserts 5 per cent of the number of samples in the form of certified standards and another 5 per cent in the form of sterile samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boule, Que. The 50-gram pulps are analyzed by fire assay and atomic absorption. For samples containing visible gold, 1,000 g of rock are directly analyzed by the metallic sieve method.

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The scientific and/or technical information presented in this press release has been reviewed and approved by Dr. Gaetan Lavalliere, PGeo, PhD, vice-president for Cartier Resources. Dr. Lavalliere is a qualified person as defined by National Instrument 43-101.

 




Neometals – New presentation released

Neometals {ASX: NMT} have released an updated version of their company presentation.

Neometals are based in WA, have a share in a producing lithium mine, and are developing processes for lithium hydroxide, lithium titanate, and to extract lithium from brine in a simple 30 minute process.

 

 

 

 

Neometals {ASX: NMT} have released an updated version of their company presentation.

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Neometals are based in WA, have a share in a producing lithium mine, and are developing processes for lithium hydroxide, lithium titanate, and to extract lithium from brine in a simple 30 minute process.

 

Neometals are also developing a cobalt recycling process to extract cobalt from newly produced lithium batteries, rejected on the production line. This process, which extracts cobalt that would normally be discarded, costs 20% of the price of mining cobalt.

 

To access the new presentation, please click HERE

 

 

 

 

 

 

 

 

 

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Tinka Resources appoints Ben McKeown to board

Tinka Resources Ltd. {TSX.V: TK}  has appointed Ben McKeown to its board as an independent non-executive director.

Mr. McKeown brings strong commercial, financial, strategic and technical experience to the board of Tinka.

 

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2017-08-17 09:11 ET – News Release

Dr. Graham Carman reports

TINKA APPOINTS MR. BENEDICT (“BEN”) MCKEOWN TO BOARD OF DIRECTORS

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Tinka Resources Ltd. {TSX.V: TK}  has appointed Ben McKeown to its board as an independent non-executive director.

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Mr. McKeown brings strong commercial, financial, strategic and technical experience to the board of Tinka. He has worked across various sectors and in a number of jurisdictions during his 25 years in resources including iron ore, lithium, precious metals, base metals, and oil and gas. He has served on numerous listed and unlisted company’s boards as chairman or non-executive director, including Ferrous Resources Ltd., Senex Energy Ltd., Jordan Energy & Mining Ltd. and Rincon Lithium Ltd. Mr. McKeown was a partner at Sentient Group for 10 years until May, 2017. Previously, Mr. McKeown was an investment principal at Actis (previously CDC Group) for seven years. Mr. McKeown graduated from Imperial College London with BEng (honours) in mining engineering, and holds an MBA from IESE Business School in Barcelona. Mr. McKeown currently resides in Sydney, Australia.

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Dr. Graham Carman, president and chief executive officer, stated: “I am delighted to welcome Ben to the Tinka board. Ben brings a wealth of experience in leadership, corporate governance, finance and project development to our team. Ben is a highly respected mining finance professional, and will enhance the skill set of our board at a time of rapid growth in the company as we advance our Ayawilca zinc project in Peru towards development.”

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About Tinka Resources Ltd.

Tinka is an exploration and development company with its flagship property being the 100-per-cent-owned Ayawilca property in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima.

 

 

 

 

 

 

 

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Tesla Model 3 orders building up, looking good for lithium producers

Tesla Motors says it currently has some 455,000 net reservations for the new Model 3, with the number increasing by 1,800 a day and expects to have some 700,000 reservations in hand by year end.

This augurs well from lithium producers like Neometals {ASX: NMT}, and developers such as Avalon Advanced Materials {TSX: AVL}.

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Tesla Model 3 roll-out confirms accelerating demand for Electric Vehicles

 

 

August 17, 2017

The long awaited first deliveries of the Tesla Model 3 began at the end of July 2017, with 30 vehicles going to Tesla employees, as the company strives towards the goal of 5,000 per week production by December. The Model 3’s relatively low US$35,000 starting price and range of up to almost 500km has already attracted considerable consumer interest and has positioned Tesla as a global leader in the emerging electric vehicle (“EV”) market.

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The growing consumer interest is supported by the driving experience that the Tesla Model 3 offers, which has led to glowing reviews from numerous auto industry commentators, with Motor Trend going as far as to deem it “the most important vehicle of the century.”

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Tesla says it currently has some 455,000 net reservations for the Model 3, with the number increasing by 1,800 a day and expects to have some 700,000 reservations in hand by year end. Considering total U.S. electric vehicle sales in 2016 were approximately 158,000, with global sales coming in around 777,000, this will represent an exponential leap in EV sales. As a fundamental enabling technology of all of these new EVs being sold, lithium ion batteries will continue to rapidly increase in importance and demand.

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While Tesla has attracted much media attention, it should be noted that this game-changing automotive technology is playing out across the globe, as traditional automakers race to design and bring their own EVs to market. Concurrently, several European governments (and India), are mandating or planning to mandate that all automobiles be electric, with aggressive target dates to reach this goal.

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ING Bank’s senior economists Max Erich and Jurjen Witteveen note that, “Electric cars are on a breakthrough, and even faster than we thought. The major reservations people still have – charging infrastructure, range anxiety and pricing – will be overcome within the next seven years.” This has led them to predict that all new cars sold in Europe could be electric by 2035.

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The global shift to EVs has major implications for critical material supply chains, and the adoption of these EVs will fundamentally depend upon these same supply chains developing, particularly lithium, the key ingredient in rechargeable batteries. Roskill estimates 785,000 tonnes of lithium carbonate equivalent a year will be needed by 2025 – more than quadrupling current demand, which Benchmark Minerals Intelligence notes will require US$4-5 billion in new investment in the sector.

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The supply side will struggle to keep pace and it is clear that many new lithium producers will need to emerge to meet the growing demand. Avalon’s advanced Separation Rapids Lithium Project remains well-positioned to participate in the creation of a new North American lithium ion battery materials supply chain.

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For questions or feedback, please email Avalon at ir@AvalonAM.com

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About Avalon Advanced Materials Inc.

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Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

 

130 Adelaide St. W, Suite 1901
Toronto, ON M5H 3P5
+1 416 364 4938
Email: ir@AvalonAM.com

 

 

 

 

 

 




Neometals : Mount Marion Lithium Project – Financial Update

Neometals Ltd (ASX: NMT{} notes today’s announcement by Mineral Resources Limited (ASX: MIN) of its full‐year financial results for FY17.

MIN’s announcement reports EBITDA per tonne for Reed Industrial Minerals Pty Ltd (“RIM”), the project vehicle for the Mount Marion Lithium Project, which equates to A$14M during the second half of FY17 and forecasts approximately A$72M for the first half of FY18. (Neometals 13.8%).

 

 

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Neometals : Mount Marion Lithium Project – Financial Update

 

16 August 2017 Mount Marion Lithium Project Financial information reported by Mineral Resources Limited

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Neometals Ltd {ASX: NMT} notes today’s announcement by Mineral Resources Limited (ASX: MIN) of its full‐year financial results for FY17.

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MIN’s announcement reports EBITDA per tonne for Reed Industrial Minerals Pty Ltd (“RIM”), the project vehicle for the Mount Marion Lithium Project, which equates to A$14M during the second half of FY17 and forecasts approximately A$72M for the first half of FY18.  (Neomometals 13.8%).

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The 13.8% (reflecting NMT’s shareholding in RIM) of the H2  FY17 EBITDA is approximately $2 million, and of the H1 FY18 forecast EBITDA would be approximately $10 million.

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RIM has a positive obligation to distribute profits to the maximum extent. However, the receipt by NMT of any earnings achieved by RIM will be subject to the RIM board resolving to pay dividends to its shareholders, having regard to (among other things) tax obligations, the future capital requirements of the business and the repayment of outstanding shareholder loans.

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NMT was not involved in preparing the information regarding RIM released by MIN. However, NMT is not aware of any reason why the information is incorrect as released by MIN, the operator of the Mount Marion Lithium Project (via its wholly owned subsidiary, Process Minerals International Pty Ltd).

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ENDS

 

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For further information, please contact:

Chris Reed
Managing Director Neometals Ltd

 

 

 

 

 

 

 

 

 

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Eguana Technologies completes a distribution agreement with TMT GMBH

Eguana Technologies Inc {TSX.V: EGT}, one of the leaders in power conversion and control systems for distributed energy storage announced it has completed a distribution agreement with German distributor Technologietransfer and Marketing GMBH. 

 

 

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CALGARY, Alberta, Aug. 16, 2017- Eguana Technologies Inc {TSX.V: EGT}, one of the leaders in power conversion and control systems for distributed energy storage is pleased to announce it has completed a distribution agreement with German distributor Technologietransfer & Marketing GmbH  (www.ttmarket.com).

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Germany continues to lead the global energy storage landscape with supportive policy structure. Driven by the need to reduce transmission losses and grid constraints on the national grid, the business case for storage continues to strengthen.  By the end of 2016, approximately 50,000 households and commercial operations had invested in solar + storage systems, making it the largest global market for residential energy storage. According to GTAI research, new PV battery systems could reach annual installation rates of 50,000 systems by 2020.

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“Eguana has designed an impressive system containing all the key features of the current market leaders with a smaller footprint and faster installation process,” added Stefan Skirl, founder of Tt&M. “With an existing understanding of the German market and patented touch-free service features like autorecovery and remote diagnostics, we believe together we will capture a significant position in the marketplace, starting with Germany, Austria and Switzerland.”

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“Successful products in this market need to be integrated as other disparate multi-manufacturer designs have been unable to gain meaningful traction from third party integrators due to patch work design and increasingly complex installations,” stated Justin Holland, CEO of Eguana Technologies. “Utilizing our proprietary technology, we have developed a fully integrated system that can be installed in 1-2 hours, which was a critical feature to attract an established German distributor like Tt&M, who brings an impressive track record of taking innovative solutions to market through an existing network of installers and electricians.”

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Retrofit installations will also represent additional volume opportunities in Germany as the 20-year guaranteed feed-in tariffs for early installations are phased out.  There are currently over one million households with PV systems installed on residential rooftops representing significant upside for retrofit battery installations alongside new PV + Storage systems.  Eguana’s solution, with a simple AC side installation, has been developed to maximize installer efficiency in new and retrofit applications. The Company is planning market roll out through the first half of 2018.

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About Technologietransfer and Marketing GMBH

For more than 20 years Tt&M GmbH has been very successful working with companies from various industrial sectors. Tt&M supplies a variety of systems, supported by many tier-one companies, including medical device manufacturers, defence contractors, ship and automotive manufacturers, automation technology, crane manufacturers, elevator manufacturers, escalator manufacturers and mechanical engineering companies. Tt&M GmbH services begins with direct engagement with the manufacturers through to procurement, storage, sales and support, and final customer delivery. Since 2015 Tt&M GmbH has been a sales partner for Mercedes-Benz Energy GmbH. In addition to residential energy storage systems, Tt&M GmbH also sells industrial and large-scale energy storage solutions to multiple customer groups.

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About Eguana Technologies Inc.

Eguana Technologies Inc. (TSX-V:EGT) designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years’ experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.

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With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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To learn more, please visit www.EguanaTech.com 

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Forward Looking Information

The reader is advised that some of the information herein may constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements pertaining to the value of our power controls to the energy storage market and statements concerning the use of proceeds and the Company’s ability to obtain necessary approvals from the TSX Venture Exchange.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company’s actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. Readers are also directed to the Risk Factors section of the Company’s most recent audited Financial Statements which may be found on its website or at sedar.com. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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.

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Company Inquiries
Justin Holland
CEO, Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com

Product Inquiries
Martin Duerr
Director of Business Development
+1.416.318.6675
Martin.Duerr@EguanaTech.com



Condor Gold offers talks to protesters at La India, Nicaragua

Condor Gold {AIM: CNR} has offered talks to protesters blockading their projects in Santa Cruz de la India, Leon. Nicaragua.

The problems have been ongoing for some time, and the company seems to have changed tack after failing to prosecute some workers for damaging a few bags of sand during a previous protest, which hardly looked like a good idea to win over the local population!

 

 

 

 

Condor Gold offers talks to protesters at La India.

 

 

Condor Gold {AIM: CNR} has offered talks to protesters blockading their projects in Santa Cruz de la India, Leon. Nicaragua.

 

The problems have been ongoing for some time, and the company seems to have changed tack after failing to prosecute some workers for damaging a few bags of sand during a previous protest, which hardly looked like a good idea to win over the local population!

 

I cannot find any record of the company informing investors of the protests at their mine, which is a concern, as surely they should have been?

 

After responding to protests by trying to prosecute protesters for damaging a few bags of sand, the company now seems to have realised the best way to win hearts and minds is by trying to connect and collaborate with people!

 

It took a while but they seem to have got there in the end!

 

 

 

 

 

 

 

 

 

 

 

 

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Kootenay Silver announces a significant discovery of a silver mineralised zone at La Cigarra

 Kootenay Silver Inc.  {TSX.V: KTN} is pleased to announce the discovery of a substantial new mineralized silver zone within the Las Venadas target area of its La Cigarra silver project in Chihuahua State, Mexico.

The strength and intensity of brecciation, veining and alteration is much stronger than anything observed within the La Cigarra resource itself.

 

 

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 Kootenay Silver Inc.  {TSX.V: KTN} is pleased to announce the discovery of a substantial new mineralised silver zone within the Las Venadas target area of its La Cigarra silver project in Chihuahua State, Mexico. The strength and intensity of brecciation, veining and alteration is much stronger than anything observed within the La Cigarra resource itself.

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Kootenay President and CEO James McDonald states, “The discovery of a mineralized zone of this magnitude and strength of veining in the world-class Parral mining district is a highly significant development for the company. The large-scale nature and intensity of the mineralized zone offers exceptional future growth potential and is characteristic of other major silver deposits in the district such as the San Francisco Del Oro and Santa Barbara mines located closely to the immediate south.”

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Management believes this new area of mineralization holds outstanding potential to add significant new resources to the La Cigarra deposit, which remains open along strike and to depth, and currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces in the Measured and Indicated category, and an Inferred silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces (Click to view: La Cigarra Resource or NI 43-101 technical report on La Cigarra updated resource estimate).

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This discovery area is blind to surface and lies approximately 1,000 meters south of the edge of the La Cigarra resource as defined to date. More than 250 meters in core length of quartz-calcite and quartz vein breccia and veining within altered sediments was intercepted in hole CC-17-26 which bottomed in veining. Textures are indicative of a variant of an epithermal hydrothermal breccia complex.

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The zone is anomalous throughout. Individual samples grade as high as 799 gpt silver over 1.1 meters and 692 gpt silver over 1 meter in two different zones indicating excellent grade potential. The best weighted average intervals are:

Hole CC-17-26

  • 91.32 gpt silver over 29.5 meters, including
  • 123.24 gpt silver over 19.25 meters, with
  • 435.36 gpt silver over 2.5 meters, and
  • 113.78 gpt silver over 10.75 meters

All intervals are core length as the strike, dip and shape of the zone and thus true widths are unknown at this time.

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A second hole, CC-17-28 stepped out 100 meters to the northeast of the CC-17-26 intercept to test the strike extent of the new zone. The hole was lost in a fault zone but not before entering a zone of veining believed to be the start of the new mineralized zone. Assays are pending and will be reported once received.

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The remainder of the holes tested various other targets in Las Venadas. The best intercept to date elsewhere in the Las Venadas area is CC-17-27 which returned 107.15 gpt silver over 9.5 meters. Full results from the first 10 holes in Las Venadas are shown in the following table.

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Hole ID

From
(meters)

To
(meters)

Interval
(meters)(1)

Silver
gpt

Pb
%

Zn
%

CC-17-19

6.00

52.00

46.00

8.23

0.159

0.187

Including

33.00

36.00

3.00

15.66

0.387

0.187

CC-17-20

33.00

37.00

4.00

27.00

0.036

0.078

84.00

89.00

5.00

27.00

0.023

0.08

CC-17-21

9.00

19.00

10.00

19.50

0.279

0.332

Including

9.00

16.00

7.00

24.85

0.344

0.337

66.00

69.00

3.00

35.00

0.114

0.229

77.00

79.00

2.00

166.00

0.063

0.205

CC-17-22

8.00

20.00

12.00

73.50

0.304

1.22

Including

12.00

15.00

3.00

189.33

0.336

3.29

31

36

5.00

16.6

0.334

0.288

57

60

3.00

26.33

0.318

0.067

CC-17-23

7.50

32.00

24.50

24.38

0.336

0.643

127.00

134.50

7.50

22.62

0.364

0.076

CC-17-24

174.00

184.00

10.00

47.50

0.129

0.13

190.00

192.00

2.00

31.50

0.022

0.08

CC-17-25

54

73

19.00

20.76

0.382

0.151

146

156

10.00

17.70

0.008

0.209

201

205

4.00

58.75

0.034

0.088

CC-17-26

33

43.5

10.50

17.76

0.272

0.923

60.00

75.00

15.00

15.80

0.276

0.208

246

282

36.00

26.59

0.014

0.031

297

301.5

4.50

105.44

0.146

0.428

Including

298

301.5

3.5

135.57

0.169

0.478

342

348

6

31.25

0.177

0.459

387.5

417

29.5

91.32

0.224

0.162

Including

387.5

406.75

19.25

123.24

0.254

0.23

Including

387.5

390

2.5

435.36

0.553

0.991

Including

396

406.75

10.75

113.78

0.318

0.164

456

462

6

43.25

0.003

0.007

487.5

491

3.5

72.71

0.113

0.259

499

501

2

169.00

0.281

0.325

CC-17-27

48

64

16.00

14.50

0.582

0.073

136.5

146

9.50

107.15

0.028

0.098

Including

143

146

3.00

281.00

0.054

0.139

(1)

True widths cannot be accurately determined from the information available at this time therefore core lengths are reported.

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New Discovery Zone Proximity

The new discovery zone is contained within La Cigarra’s Las Venadas target, which comprises a broad area of alteration and mineralization containing various different structures with vein-breccia, veins and veinlets, over an area measuring 500 by 800 meters. It is part of a trend of distinct mineralized structures, extending from La Borracha to the southward through the La Cigarra deposit (which includes the San Gregorio and Las Carolinas zones) into Las Venadas and further into Soledad and Las Chinas, over a distance of six kilometers.

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Upcoming Drilling and Development

Drilling will now shift to testing the new zone at a shallower depth from the collar at CC-17-26 to help determine the trend of the zone. It will then move to the La Borracha and Navidad areas and then continue on the new discovery once compilation and interpretation is complete. There are two rigs available on site with one operating so both areas can be drilled at the same time.

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Further results from the 7,500-meter drilling on the La Cigarra will be announced as soon as assays received from the program are compiled and interpreted by the Company.

.

Sampling and QA/QC

All technical information for the La Cigarra exploration program is obtained and reported under a formal quality assurance and quality control (“QA/QC”) program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists. Samples are then labeled placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company via courier to ALS Minerals (“ALS”) in Chihuahua. The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling will be with HQ core and has been contracted to BD Drilling from Guadalajara, Mexico.

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Qualified Persons

The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

.

About Kootenay Silver Inc.

Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State,Mexico, respectively.




Radisson Mining Resources initiates a 42 km IP survey at Douay

Radisson Mining Resources Inc. (TSX.V: RDS} is pleased to announce that it has initiated a 42 km Induced Polarization (IP) geophysical survey on it’s 100% owned Douay property.
The property is located in the Eeyou Istchee James Bay territory, approximately 215 km north of Val-d’Or, Quebec.
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Radisson initiates Induced Polarization survey on the Douay property

 

Rouyn-Noranda, Quebec, August 15, 2017: Radisson Mining Resources Inc. (TSX.V: RDS} is pleased to announce that it has initiated a 42 km Induced Polarization (IP) geophysical survey on it’s 100% owned Douay property.
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The property is located in the Eeyou Istchee James Bay territory, approximately 215 km north of Val-d’Or, Quebec and accessible via Provincial Highway 109. Located in the north-central part of the Abitibi Greenstone Belt along the Casa-Berardi-Cameron Deformation Zone, the property consists of a 16 km2 land package bordered to the west, east and south by Aurvista Gold Corporation’s Douay Gold Project (See figure 1) (TSXV: AVA, OTC: ARVSF).
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Radisson owns 100% of the Douay property, free of any royalty, options or outstanding agreements and has excess work credits in the amount of $ 546,216.

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First phase of work
Of late, the Douay area has witnessed intensified staking activity and attracted investor interest due to increasing exploration activities in the area. The Company’s first phase of work included a geoscientific compilation of all exploration work completed on and nearby the Douay property. This work has included compilation and interpretation of geological structural, geochemical and geophysical data on a regional scale. In addition, the Company has compiled all historic diamond drilling, EM (Input) geophysical anomalies and data from an IP survey (GM 52723, Jonpol project) completed on and immediately adjacent to the Douay property. A total of 108 historical drill holes drilled in the area have been compiled to better define the mineralized zones. This includes 12,980 meters of drilling completed between 1982 and 1987 on 55 drill holes located on the Radisson’s Douay property.

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Interpretation of the historic data has defined four gold trends and high-priority exploration targets that remain to be tested on the Douay property. The four gold trends are referred to as the Harricana deformation zone, the Douay deformation zone, the Vezza mine gold trend and Northway as depicted on figure 2. These four gold trends have been the focus of historic exploration activity, including drilling programs.

.

Radisson intends to complete an IP survey to identify new drilling targets on the interpreted Vezza mine gold trend (See figure 2).

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O’Brien gold project update
Radisson’s focus remains on the O’Brien gold project where the company continues to advance its exploration and development program. To this extent, Radisson has completed 24 drill holes for approximately 11,000 meters of drilling from April to the end of July. This has included 14 drill holes targeting down-dip extensions of the F Zone, 36E and Kewagama mineralized zones with the aim of increasing current resources. In addition, the Company has completed 10 drill holes testing high-priority exploration targets parallel (i.e. to the north and south) and along strike of the O’Brien deposit.

.

Qualified Person
Tony Brisson, P. Geo, independent consultant, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.

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About Radisson Mining Resources Inc.
Radisson is a Quebec-based mineral exploration company. The O’Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson’s flagship asset. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015).
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For more information on Radisson, please visit  www.radissonmining.com

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UEC completes the Reno Creek Acquisition

Uranium Energy Corp. (NYSE: UEC} announced that, further to its news release dated May 9, 2017, the Company has completed its acquisition of the fully permitted Reno Creek in-situ recovery (“ISR”) project located in the Powder River Basin, Wyoming.

 

 

 

Corpus Christi, TX, August 10, 2017 – Uranium Energy Corp. (NYSE: UEC} is pleased to announce that, further to its news release dated May 9, 2017, the Company has completed its acquisition of the fully permitted Reno Creek in-situ recovery (“ISR”) project located in the Powder River Basin, Wyoming (“Reno Creek” or the “Project”).

 

Transaction Highlights
Strengthens UEC’s pipeline of low-cost ISR uranium projects with the addition of Reno Creek, located in the prolific Powder River Basin in Wyoming.Reno Creek hosts an NI 43-101 Measured and Indicated resource* of 27.47 million tons grading 0.041% U3O8 yielding 21.98 million lbs. U3O8 at a grade-thickness (GT) cutoff of 0.20.The NI 43-101 resource report also indicates potential to expand the resource with additional drilling.

 

A Source and Byproduct Materials License for Reno Creek was issued in February 2017 from the U.S Nuclear Regulatory Commission (“NRC”), supported by a Final Environmental Impact Statement and Record of Decision, to permit production of up to 2 million lbs. U3O8 per year.Strategically located within the Powder River Basin in Wyoming, a uranium mining-friendly state with excellent infrastructure and an experienced labor force

 

.A Pre-Feasibility Study (“PFS”)** on Reno Creek completed in 2014 demonstrated strong project economics with low capital and operating costs consistent with ISR projects in Wyoming. A new and optimized PFS is in progress and will be completed by UEC.Cumulative project expenditures to date at Reno Creek total approximately $60 million.Creates a new partnership with respected mining private equity firm Pacific Road Resources Funds, who now own approximately 9.5% of UEC’s common shares.

 

Amir Adnani, President & CEO, stated: “We are very pleased to have completed an acquisition of this scale on an advanced, fully permitted, low cost ISR project in the prolific Powder River Basin of Wyoming. We will continue to advance and optimize the Project in order to position it for turn-key development once the uranium market signals a recovery. Reno Creek is an exceptional addition to the UEC uranium mining portfolio near the bottom of the cycle.” 

 

Transaction Details
The acquisition was completed pursuant to the previously announced share purchase agreement (the “Agreement”) with each of the original Pacific Road Resources Funds (“PRRF”) and, by tag-along right, Bayswater Uranium Corporation (“BHI”, and together with PRRF the “Vendors”), to acquire all of the issued and outstanding shares of Reno Creek Holdings Inc. (“RCHI”).

 

Under the terms of the Agreement, the Company has now provided to the Vendors, in return for PRRF’s (97.27%) and BHI’s (2.73%) ownership in RCHI (the “Transaction”), the following:
14,392,927 common shares of the Company (the “Share Consideration”);11,308,728 warrants of the Company (the “Warrant Consideration”; and each a “Warrant”), with each Warrant entitling the holder to acquire one share of the Company at an exercise price of $2.30 per share for a period of five years from closing.  The Warrants have an accelerator clause which provides that, in the event that the closing price of UEC’s common shares on its principally traded exchange is equal to or greater than $4.00 per share for a period of 20 consecutive trading days, UEC may accelerate the expiry date of the Warrants to within 30 days by providing written notice to the holders; anda 0.5% net profits interest royalty, capped at $2.5 million (the “NPI Consideration”, and together with the Share Consideration and the Warrant Consideration, the “Consideration”);In addition to the Consideration for RCHI, the Company has now also issued an aggregate of a further 594,981 common shares to the Vendors in settlement of both certain reimbursable expenses which were incurred by the Vendors respecting the Project since the execution of the Agreement and for certain insurance costs incurred by UEC/RCHI at closing.

 

As a result of the completion of the Transaction PRRF and BHI now collectively own approximately 9.67% of UEC’s shares outstanding and both parties have agreed to certain voting and resale conditions pursuant to the terms of the Agreement.

 

Reno Creek ISR Project Overview
The Reno Creek ISR Project is located in the Powder River Basin, Campbell County, Wyoming, approximately 80 miles northeast of Casper. The Vendors undertook significant project advancement since 2010 when they acquired the project, including expenditures targeting land acquisition, resource development, a pre-feasibility study, and permitting, which culminated in the NRC issuing a Source and Byproduct Materials License to construct and operate an ISR uranium facility in February 2017.

 

The Source and Byproduct Materials License was the last major permit required to proceed with development of the Project. The permits allow Reno Creek to process up to 2 million pounds of uranium a year from five resource units: North Reno Creek, Southwest Reno Creek, Moore, Bing, and Pine Tree. Within the five resource units are 16 proposed production units and associated wellfields, header houses, and a central processing plant.

 

History of the Project
Substantial historical exploration, development, and project permitting work has been completed on the Reno Creek property, beginning in the late 1960s and continuing to present.  Approximately 10,000 exploration drill holes have been completed by various operators over time, who continued to advance the project by drilling and growing land and mineral interests to nearly 16,000 acres by 2007. Since the Vendors took control of the Project, mineral and surface land holdings have grown to approximately 22,000 acres, including a 40-acre company-owned central processing plant site.

 

Summary of Mineral Resources*
In July 2016, the Vendors commissioned an updated Technical Report completed by Behre Dolbear & Company (USA), Inc. on Reno Creek titled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” (the “Current Technical Report”). Over $60 million has been expended on the Project to date, including completion of more than 10,000 drill holes. Data from drilling, including survey coordinates, collar elevations, depths, and grade of uranium intercepts, have been incorporated into the database that forms the current resource estimate at Reno Creek (Table 1).
Table 1(1)

Class Tons(millions) Weighted AverageThickness (feet) Weighted AverageGrade (% U3O8) Pounds U3O8(millions)Measured & Indicated 27.47 12.3 0.041 21.98Inferred 1.36 10.6 0.034 0.931 Cut-off of greater or equal to 0.20 grade x thickness per intercept
The inferred resources are found principally in underexplored portions of the Reno Creek property, along extensive identified redox fronts.  The authors of the July 2016 Reno Creek resource estimate recommend continuing exploration along these trends, with the expectation of further contributions to the reported resource base, given that known mineralization occurs in a continuous sandstone present across all of the Reno Creek, Moore, and Bing resource units.

 

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Clyde L. Yancey, P.G., Vice President-Exploration for the Company, a Qualified Person under NI 43-101.

 

Advisors and Counsel
Haywood Securities Inc. acted as financial advisor to the Company.  McMillan LLP and Holland & Hart LLP acted as legal advisors to the Company and Osler, Hoskin & Harcourt LLP acted as legal advisor to PRRF.

 

About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and exploration company.  The Company’s fully-licensed Hobson Processing Facility is central to all of its projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.

 

In Wyoming, UEC controls the permitted Reno Creek ISR project. Additionally, the Company controls a pipeline of advanced-stage projects in Arizona, Colorado, New Mexico and Paraguay.  The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

 

About Pacific Road Resources Funds
The Pacific Road Resources Funds are private equity funds investing in the global mining industry.  They provide expansion and buyout capital for mining projects, mining related infrastructure and mining services businesses located throughout the world.

The team is located in Sydney, Australia and Vancouver, Canada.

 

Contact Uranium Energy Corp Investor Relations at: info@uraniumenergy.com

 

 

 

 

 

 

 

 

 

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Scorpio Gold Initiates a NI 43-101 BFS Report for Processing the Heap Leach Resource at Mineral Ridge

Scorpio Gold Corporation {TSX.V: SGN} announced its decision to proceed to prepare a NI 43-101 compliant Bankable Feasibility Study, (“BFS”) based on an internal economic assessment and the Mine Technical Services resource confirmation report released on July 12, 2017.

 

 

 

 

 

News – Monday, August 14, 2017
Scorpio Gold Initiates a NI 43-101 Compliant Bankable Feasibility Study Report for Processing the Heap Leach Mineral Resource at Mineral Ridge


 

Vancouver, August 14, 2017 – Scorpio Gold Corporation {TSX.V: SGN} is pleased to announce its decision to proceed to prepare a NI 43-101 compliant Bankable Feasibility Study, (“BFS”) based on an internal economic assessment and the Mine Technical Services resource confirmation report released on July 12, 2017, which confirmed the Mineral Ridge heap leach pad mineral resource as indicated in the following table:

 

Resource Category

Tons
(kt)

Au
(oz/ton)

Ag
(oz/ton)

Contained Au
(koz)

Contained Ag
(koz)

Measured

2,895

0.017

0.016

48.5

46.4

Indicated

4,220

0.017

0.018

73.2

74.1

Measured & Indicated

7,115

0.017

0.017

121.7

120.4

Inferred

76

0.016

0.027

1.2

2.0

Notes:

  1. The effective date of the mineral resource estimates is Jun 29, 2017.
  2. Mineral resources are reported at or above a 0.0002 oz/ton Au cut-off grade.
  3. Mineral resources are contained within the Mineral Ridge leach pad facility with the following assumptions: A long-term gold price of US$1,216/oz; assumed process costs are US$11.0/ton; metallurgical recovery for gold is 93%.
  4. Rounding may result in apparent differences between when summing tons, grade and contained metal content.
  5. Tonnage and grade measurements are in imperial units; grades are reported in oz/ton.
  6. The resource estimate was prepared with reference to CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2003).
  7. The resource estimate was prepared by qualified persons, Todd Wakefield, MSc, SME, Ian Crundwell, BSc, PGeo and Mike Drozd, PhD, SME of Mine Technical Services Ltd.
  8. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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Scorpio Gold has selected three firms to complete the NI 43-101 BFS, Novus Engineering Inc. (“NEI”) based in Vancouver, B.C.; Mine Technical Services (“MTS”) and NewFields both based in Reno, Nevada. In 2014, SNC Lavalin (“SNC”) was commissioned by Scorpio Gold to perform a scoping study for a mill design to process the leach pad material. The fact that NEI’s personnel were formerly senior engineers at SNC was a key factor in NEI’s selection. Scorpio has also had previous working relationships with MTS personnel who have significant familiarity with the Mineral Ridge property and in the past worked for AMEC Engineering who wrote a NI 43-101 Life of Mine Plan Study for the Company in 2012.

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The BFS, when complete will provide the mill facility design and related economics for processing the leach pad material. It is anticipated that the BFS will also provide the basis for the Company to raise the capital required for the project. It is estimated that the BFS study will be complete by mid September 2017.

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Brian Lock, interim CEO comments, “This is another positive step towards unlocking the value of the Mineral Ridge property and we look forward to working with these qualified contractors.”

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About Scorpio Gold

Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis and can be restarted on short notice.

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Scorpio Gold’s Chairman, Peter J. Hawley, PGeo., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this release.

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ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Brian Lock,
Interim CEO

For further information contact:
Chris Zerga, President




Eguana Technologies “well positioned for growth in Australia” – CEO Holland

Eguana Technologies {TSX.V: EGT} CEO Justin Holland has outlined the potential of their recent order from Australia going forwards for the company.

According to Holland, the “Australian residential storage market is widely expected by analysts to be the fastest growing storage market in the world over the next several years”.

 

 

 

 

Eguana Technologies has the potential for major business  in Australia with the new order received form their local partner, Energi Power of Australia.

 

Australia is installing solar power at an exponential rate, and this is not expected to dissipate anytime soon.

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Neometals MD Chris Reed talks up lithium potential

Neometals {ASX: NMT} MD Chris Reed, speaking at the recent Diggers and Dealers Mining Forum in Kalgoorlie, highlighted the supply potential of lithium.

 

 

 

Chris Reed, MD of Neometals on the big screen at Diggers and Dealers, Kalgoorlie, August 2017.

 

 

Neometals {ASX: NMT} MD Chris Reed, speaking at the recent Diggers and Dealers Mining Forum in Kalgoorlie, highlighted the supply potential of lithium.

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Storedot raises $60 million, valuation $500 million

Storedot, the Israel based battery technology developer and flash charge battery supplier for phones and EV cars has announced a $60 million financing, valuing the company at $500 million.

 

 

 

 

Storedot, the Israel based battery technology developer and flash charging battery supplier for phones and cars has announced a $60 million financing, valuing the company at $500 million.

 

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 




Diggers and Dealers Mining Forum – Day 3

Diggers and Dealers Mining Forum – Day 3 The Diggers and Dealers Mining Forum closed today in Kalgoorlie, WA.

The final day was relatively quiet and the day finished with the traditional sit down dinner, attended by 1,300 people!  There were people trying to buy spare dinner tickets as it was up to capacity, and there were many disappointed people

 

 

Diggers and Dealers Mining Forum – Day 3 

 

The Diggers and Dealers Mining Forum closed today in Kalgoorlie, WA.

 

The final day was relatively quiet and the day finished with the traditional sit down dinner, attended by 1,300 people!  There were people trying to buy spare dinner tickets as it was up to capacity, and there were many disappointed people outside that could not enter.

 

The logistics are quite impressive.  1,300 fine steaks were part cooked in Perth, and flown up, with accompanying staff, on a one hour flight to Kalgoorlie. Upon arrival food and staff transfer to the event, to be joined by other staff bussed up from Perth which takes around  6 hours.  The food is then cooked to completion and served. The standard was amazing, considering what had to be done to bring them to the table in the first place.

 

Some staff going home by bus would not arrive until the following morning, quite an exhausting day for them. I was very impressed by the service, and the staff did a fine job, and were a credit to the event.

 

 

 

 

 

 

 

 

 

 

 




Diggers and Dealers Mining Forum – Day 2

Diggers and Dealers Mining Forum – Day 2 The Diggers and Dealers Mining Forum is underway in Kalgoorlie, WA.

The second day had fewer delegates but there were some impressive presentations by companies during the day.

 

 

Diggers and Dealers Mining Forum – Day 2 

 

The Diggers and Dealers Mining Forum is underway in Kalgoorlie, WA.

 

The second day had fewer delegates but there were some impressive presentations by companies during the day.

 

The catering was probably the best at any conference I have ever eaten, with four food stations producing foods from around the world being cooked on the spot.

 

The organisation continues to be slick, and the standard of service by the staff at all levels was superb.

 

Kalgoorlie has limitations due tot eh size of the facilities available, and this year there were waiting lists for booths and the maximum number fo delegates was reached, due to not only space in the conference area but no further accommodation could be found!

 

The conference takes place in Kalgoorlie Arts Centre, and the media centre is alos located there. The company booths and overflow screens and seating are inside the largest marquee in the southern hemisphere, situated in the car park alongside.

 

The food service takes place inside the marquee, and the early morning coffee and refreshments are given in tents outside.

 

One thing I have noted in this conference is the distinction between the typical (I’m generalising here) Canadian exploration and development company, and their Australian counterpart.

 

There are a number of companies here that are moving from exploration to production in the next 6 months to a year, fully financed, and raring to go. They all have low AIS costs and decent grade deposits.

 

Canadian companies on the otherhand tend to keep on drilling up larger deposits, followed by fundraisings, rather than looking to move into production. Generally the Canadian explorer is looking to be bought out rather than progressing through to production.

 

The overriding impression is the Australians have a determination to get the job done, and there were a number of turnaround stories.

 

 

 

 




Diggers and Dealers Mining Forum – Day 1

Diggers and Dealers Mining Forum – Day 1

The Diggers and Dealers mining Forum opened in Kalgoorlie, WA, this morning, and the organisation was certainly impressive.

These are my thoughts from the first day.

 

 

 

Diggers and Dealers Mining Forum – Day 1

 

The Diggers and Dealers mining Forum opened in Kalgoorlie, WA, this morning, and the organisation was certainly impressive.

 

These are my thoughts from the first day.

 

With delegates’ names segregated  alphabetically, registration was swift and the queues were very small, a lesson other mining conferences could learn, IMO.

 

The marquee is purpose built in Germany to exactly fit the car park it is sited in, it is the largest marquee in the southern hemisphere, and only gets used once a year!

 

There are around 130 company stands, including some service companies, arranged around the periphery of the marquee, with an inner circle, allowing plenty of room for chairs and casual seating.

 

The marquee is also used as the overflow room for the presentations taking pace in the adjoining Arts Centre, and this is the only criticism I have. The presentations boom out and it does make conversation with people in the booths quite difficult, and it’s almost impossible to hear a softly spoken person!  Once the presentations stop it’s a huge relief, and the tendency is to race around the booths to take advantage of the silence while it lasts!

 

The catering was superb all day, and the quality of the staff serving was of the highest order. The staff are a mix of locals and others bussed in from Perth especially for the show, as are some of the barmaids in the local hostelries.

 

My overall impression is that the quality of companies  attending was high, with several on the verge of production, talking a few months rather than years.

 

I caught up with Chris Reed, MD of Neometals {ASX: NMT}, who was his normal exuberant self, in very good spirits and confident about the direction the company is moving in. I noticed his stand was busy all day and was certainly listening to some of the discussions taking place there were some happy shareholders in attendance.

 

I noted a couple of companies that prima facie looked interesting and will look into them further, one being Galaxy {ASX: GXY}, though at a fraction under AUS $900 million, is somewhat larger than I would normally look at.

 

Day 2 tomorrow will allow me to be more focused and return to one or two of the stands that I like the look of the companies concerned.