Zenyatta – Sussex University Enhances Rubber Composites using Albany Graphene

Zenyatta Ventures Ltd. {TSX.V: ZEN) announced successful initial test results from research carried out by Dr. Alan Dalton at the University of Sussex, UK. using graphene converted from the Company’s high-purity Albany graphite.

Sussex University tested the use of Zenyatta graphene in rubber composite and emulsion applications.

 

 

University of Sussex Successfully Enhances Performance of Rubber Composites using Zenyatta Graphene Derived from Albany Graphite

THUNDER BAY, ON. – Zenyatta Ventures Ltd. {TSX.V: ZEN) is pleased to announce successful initial test results from research carried out by Dr. Alan Dalton at the University of Sussex, UK (“Sussex”) using graphene converted from the Company’s high-purity graphite.

Sussex tested the use of Zenyatta graphene in rubber composite and emulsion applications.

 
Rubber Composite Applications
Sussex easily exfoliated Zenyatta graphite via sonication to produce graphene which was then homogenously dispersed into a rubber composite. A several fold improvement in the electrical and thermal properties of the rubber composite along with increased strength and elasticity was realized by adding as little as 0.5% Zenyatta graphene.

 

Sussex researchers have turned to nano-materials like graphene to develop high performance rubber composite sensors. The resulting material demonstrated impressive performance as sensors which can detect motions as subtle as those associated with breathing and pulse.

 

Dr. Alan Dalton, Professor of Experimental Physics at Sussex noted, “The exfoliation of Zenyatta graphite was very clean with the production of mostly monolayer and bilayer graphene.” Dr. Dalton further stated, “Our initial results using Zenyatta graphene in rubber composites show exceptional motion sensitivity to mechanical stress which is critical for sensor applications. We will be investigating the use of these composites in several other applications in conjunction with the appropriate industrial partners.”

 

Rubber composites with multiple properties have potential sensor applications in wearable sports clothing and medical devices as health monitors.

 

Dr. Bharat Chahar, VP Market Development for Zenyatta noted, “This further confirms the distinct and desirable properties of Albany graphite for conversion to graphene which was previously recognized by scientists in Israel, Japan and Canada“. Dr. Chahar added that “We continue to find that the unique properties of our graphite enable easier production of consistently high quality and easily dispersible graphene which is opening doors for new and important applications, especially composites. Zenyatta recently achieved similar successful results using our graphene in concrete composites with Dr. Oren Regev at Ben-Gurion University.”

 

The Company continues to provide high-purity graphite samples to potential end-users to allow them to assess the consistent quality of our material in their current graphene product developments.

 

Emulsion Applications
Scientists at Sussex have also developed techniques to produce solid-stabilized water-in-oil suspensions known as emulsions. Exfoliated graphite or graphene can be used as the stabilizing solid for these emulsions. These emulsions can then be used in new applications where the control of electrical and thermal properties is critical for performance. Examples of such applications include inkjet printing, thin wires, stress sensors and supercapacitors.

 

Sussex has developed a method to produce the graphene directly in the emulsion, but the homogeneity and yield of the Zenyatta produced graphene determined the success and usefulness of the suspension. In the past, the low yields and lack of homogenous graphene from other sources resulted in insufficient concentration of graphene and required further processing with a centrifuge. Recent results with Zenyatta’sAlbany graphite demonstrated superior homogenous graphene production with high yields thus allowing production of conductive liquid suspensions directly. These emulsions show excellent conductivity controls at graphene concentrations of approximately 1% or less.

 

Sussex is a world-leading research university near Brighton, United Kingdom. The high quality research-led university delivers internationally recognized, high-quality research. Zenyatta and Sussex are now working to scale-up testing while developing plans to prove out the viability of applications.

 

Zenyatta Ventures Ltd. is developing the Albany Graphite Deposit situated in northeastern Ontario, Canada. The deposit is a unique type of igneous-hosted, fluid-derived graphite mineralization contained in two large breccia pipes. The Company is seeking end users for their graphite and graphene and is working with several collaborative partners including the development of a graphene enhanced concrete.

 

Other potential markets for graphite include Li-ion batteries, fuel cells and powder metallurgy. The outlook for the global graphite market is very promising with demand growing rapidly from new applications. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging “green” industries such as electric vehicle components.

 

The Albany graphite deposit is situated 30 km north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 70 km away with an all-weather road approximately 10 km from the graphite deposit. The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. Albany graphite can be upgraded with very good crystallinity without the use of aggressive acids (hydrofluoric) or high temperature thermal treatment therefore having an environmental advantage over other types of upgraded high-purity graphite material.

 

Mr. Aubrey Eveleigh, P.Geo., Zenyatta’s President and CEO, is the “Qualified Person” for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release.

 

For further information please visit the Company’s website at www.zenyatta.ca

or contact

Mara Strazdins, HB.Sc., VP Corporate Communications and Investor Relations

+! 807 346 1660

mstrazdins@zenyatta.ca

or

info@zenyatta.ca.
CAUTIONARY STATEMENT: This analysis does not represent a statistically large sample size. Furthermore, these positive results do not mean that Zenyatta can extract and process Albany graphite for graphite applications on an economic basis. Without a formal independent feasibility study, there is no assurance that the operation will be economic. The Company has completed a July 9, 2015 Preliminary Economic Assessment which indicates an open pit mine life of 22 years (excludes underground resource which is open at depth) producing 30,000 tonnes purified graphite per annum (see Zenyatta press release of 1 June 2015). The PEA is preliminary in nature, it includes 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, and there is no certainty that the preliminary economic assessment will be realized. Neither 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 forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Zenyatta’s future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta’sAlbany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of metallurgical processing, ongoing exploration, project development, reclamation and capital costs of Zenyatta’s mineral properties, and Zenyatta’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the inability to identify target markets and satisfy the product criteria for such markets; the inability to complete a prefeasibility study; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zenyatta’s public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta’s forward-looking statements. Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

CONTACT INFORMATION

Zenyatta Ventures Ltd.

info@zenyatta.ca

 

 

 




Cascadero commences drilling at Taron, Argentina

Cascadero Copper {TSX.V: CCD} has confirmed that after several weeks delay due to adverse weather conditions, drilling has commenced drilling on their Taron property, in Argentina.

Taron is a Cesium project, an extremely rare metal.

 

 

Cascadero plans to drill 29 vertical HQ3 core holes to a planned depth of 75 metres for a total of 2,175 metres in completing a grid style pattern that will test an area of about 1.6 kms2 of the property.

 

The area was drilled in seven previous drill holes in 2009, and the geological model is based on 5,600 metres of trenches and over 6,000 assays from 2005 to 2007. The program is expected to take around 50 days to complete.

 

About Cesium

Cesium (chemical symbol Cs) is a rare metal best known for its extreme chemical reactivity. Cesium hydroxide forms the start point of myriad end uses, including Cesium Formate (CsCHO2), the industries premium drilling and completion fluid.

 

Cesium Formate is an environmentally benign solution with a high-density and low-viscosity used to control formation pressures and temperatures in drilling of deep oil wells (HPHT). As a dense medium, cesium formate is used to separate DNA and in metallurgical testing and is also well known for artificially produced radioactive isotopes used to treat various types of cancer.

 

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, speciality glasses, ion propulsion rocket motors, high-density alkaline batteries, coatings for solar cells, and petroleum refining. Research continues to generate new applications for cesium compounds.

 

The Company has retained GeoSim Services Inc. who will act as the Qualified Person (QP) for the program. This news release and its technical content has been read and approved by Dr. David Trueman who is a qualified person acting for the Company.

 

Judith Harder
CEO
Cascadero Copper Corporation

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

 

 

 

 




Strongbow Exploration director buys shares in the market again

Strongbow Exploration  {TSE: SBW} Director David Grenville Thomas purchased 98,500 shares of Strongbow Exploration stock in a transaction that occurred on Monday, April 3rd. The stock was acquired at an average price of C$0.14 per share, with a total value of C$13,790.00.

This adds to David’s three other recent purchases of stock in the market.

 


David Grenville Thomas has also recently purchased 240,000 shares in three on market transactions, at around an average price of 15c.

 

 




Coking coal price soars over $300 per ton

Coking coal  – The price has soared over US $300 since the cyclone Debbie hit Queensland,  Australia, which damaged mines and the infrastructure that supports them.

For Canadian coking coal companies like our own Colonial Coal, this is excellent news and the share price has responded accordingly, as the price in Canadian dollars has risen to CAD $375 per ton, which equates to a handsome profit for those Canadian based miners already in production, where typical costs are CAD $140 FOB.

 

 

 

Coking coal  – The price has soared over US $300 since the cyclone Debbie hit Queensland,  Australia, which damaged mines and the infrastructure that supports them.

 

For Canadian coking coal companies like our own Colonial Coal {TSX.V: CAD}, this is excellent news and the share price has responded, as the price in Canadian dollars has risen to CAD $375 per ton, which equates to a handsome profit for those Canadian based miners already in production.

 

Late last year the coking coal price increased to $308 per ton, as the Chinese government cut back on some mine production at a time when the demand for steel was increasing. The price ran back again after the price increase as fears emerged that  the Chinese would allow some recently shut mines to resume production.

 

Coking coal prices have doubled in the last few weeks, since the cyclone, and now the Chinese are turning away North Korean freighters loaded with coal as part of the sanctions being applied to that country due to the nuclear testing and ballistic missile tests.

 

With Australia up to around a month away from resuming full production, coking coal prices are expected to remain high in the near term.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Cartier advances on four Quebec gold assets with a 50,000 M drill program

Cartier Resources Inc. {TSX.V: ECR} announced that the board of directors has approved a 50,000 m drill program to be conducted over the next fifteen months.

The programs are intended to explore the depth and lateral extensions of known high grade gold mineralisation and expand the dimensions of the deposits on four of its projects, namely: Chimo Mine, Wilson, Benoist and Fenton.

 

 

Cartier Advances on Four Quebec Gold Assets With 50,000 Meter Drill Program

 

 

VAL-D’OR, QUEBEC April 6, 2017) – Cartier Resources Inc. {TSX.V: ECR} is pleased to announce that the board of directors has approved a 50,000-meter drill program to be conducted over the next fifteen months.

 

The programs are intended to explore the depth and lateral extensions of known high grade gold mineralization and expand the dimensions of the deposits on four of its projects, namely: Chimo Mine, Wilson, Benoist and Fenton.

 
From 2012 to 2016 Cartier was active in acquiring a pipeline of four advanced gold exploration projects including the acquisition of the past producing Chimo Mine. Management has built on four years of extensive compilation and database mining of these projects and this has led to significant advancements.

 

The following recent highlights attest to this success:

A strategic investment by Agnico Eagle Mines {TSX: AEM} as a result Agnico now owns 19.75% of the issued and outstanding Common Shares of Cartier
Successful drill program on Chimo Mine project demonstrated continuity of high grade gold mineralisation up to 650 meters from shaft; results include 9.9 g/t Au / 4.0 m, 17.7 g/t / 3.0 m and 1.5 g/t Au / 9.0 m
Strong cash position of $8.7M dollars
Assets in the heart of two major area plays in the Abitibi; the Val-d’Or Mining Camp and Osisko’s recent land position of the Urban-Barry Belt.

 
This is a significant investment intended to demonstrate the depth and lateral extensions of the existing gold mineralization and historical resources on the projects.”, commented Philippe Cloutier, President and CEO, adding, “Our objective is to have these assets graduate to the next level towards new resource estimates and believe this will reward our shareholders.”

 
A brief description of the projects and programs follow and additional information can be found in the company’s most recent Corporate Presentation and website.

 
WILSON PROJECT
One drill rig is currently drilling 18 holes for a total of 7,000 meters. The program details were presented in Cartier’s March 23rd press release. This program will specifically test the depth extensions of 4 Gold Zones (T1, T2, T3 and M1) which are hosted within the Toussaint and Midrim Gold structures (Figure).
This program is expected to take until late May to complete. Highlights of this project include; recent channel sampling results by Cartier that returned 21.3 g/t Au over 5 meters and drill results by previous companies that returned 33.2 g/t Au over 3.0 meters.

 
CHIMO MINE PROJECT
Two drill rigs will be employed to complete a total of 25,000 meters. One drill rig will focus depth and lateral extensions of known high grade gold mineralization and expand the dimensions of the gold zones that have been previously outlined (Figure). A second drill rig will focus exclusively on drilling the depth extension along plunge of the main gold zone at Chimo Mine where the bulk of the ounces were extracted. This program should commence in June and is expected to be completed in December.

 
BENOIST PROJECT
A 10,000-meter drill program will focus on the new 2016 OreVision anomalies. This new technology can detect mineralization to a depth of up to 500 meters. Over sixteen (16) anomalies were selected as drill targets of which eight (8) have a geophysical signature similar to the Pusticamica gold deposit. The OreVision survey was conducted with parameters capable of detecting the deposits signature. This program is winter program and will be conducted early 2018. One Highlight of this project includes drill results by previous companies that returned 5.6 g/t Au over 53.6 meters including 11.6 g/t Au over 9.3 meters.

 
FENTON PROJECT – With partner SOQUEM
This program will be operated by Cartier’s partner SOQUEM.

The budget allows for the completion of a new OreVision or IPower survey over the Fenton deposit and its lateral extensions, in order to refine targets as calibrated from previous geological, geometrical and geophysical features known from all historical work done on the project. Drilling with one machine for a total of 8,000 meters will test the depth and lateral extensions of Fenton deposit (Figure). This program is planned to occur in two phases straddling late 2017 and early 2018. Highlights of this project include results by previous companies that returned channel sampling results grading 9.9 g/t Au over 13.4 meters and a drill intersection such as 8.0 g/t Au over 5.3 meters.

 

Quality Assurance / Quality Control
The scientific and/or technical information presented in this press release has been reviewed and approved by Mr. Gaétan Lavallière, P. Geo., Ph. D. and Vice President for Cartier Resources. Mr. Lavallière is a qualified person as defined by National Instrument 43-101.
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.

 
CONTACT INFORMATION
Philippe Cloutier, P.Geo.
President and CEO
+1 819 856 0512

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Neometals set to sell their stake in Mt. Marion for AUD £125 million

Neometals {ASX: NMT} has informed their shareholders by letter that they intend to sell their 13.8% stake in the Mt. Marion lithium project for AU$125 million (US $ 96 m). Their partners in the project have pre-emption right to this stake, before it can be offered to other parties.

This is a transformational deal for the company.

 

 

Comment

This is a hugely transformational deal for this company, they will have a significant bank balance after this transaction, as well as prospective properties and a processing system, all looking like strong candidates in their own right.

The future here looks very bright, in my opinion.

 

 

The letter to shareholders is pasted below:

 

Dear Shareholders,

We are delighted to advise shareholders that your Company is on the brink of one of the most exciting and transformative events in its history.

 

The Board has resolved to divest Neometals’ residual 13.8% interest in the Mt Marion Lithium Project, for approximately US$96 million (c. A$125 million) with contractual completion potentially early May 2017, assuming that the Company’s Mt Marion partners exercise their pre‐ emptive rights to acquire the Neometals’ shareholding.

 

Although fully committed to the ongoing strength of the lithium mineral cycle, leveraging against the continuing unprecedented demand for battery storage minerals, it is timely for Neometals to re‐direct its capital and energies to higher margin downstream opportunities, as well as the Company’s titanium assets, where the Company’s proprietary technologies can add extra value.

 

Mt Marion has been an excellent investment for Neometals. Your Company takes pride in having identified the significant opportunity presented by the lithium market and having successfully co‐ developed Mt Marion into the most significant new source of lithium feedstocks in decades.  Mt Marion, at steady state production, will be the world’s second largest source of lithium units behind Greenbushes.

 

Throughout this journey, Neometals introduced key project partners, Mineral Resources and Ganfeng Lithium, as part of a deliberate strategy to accelerate project development, production and cashflow while minimising the operating, financial and marketing risk.

 

To date, before this currently proposed final sell‐down of Mt Marion equity, Neometals has realised US$66.55 million (c. A$88 million) in cash, which when aggregated with a successful divestment, will result in total sale proceeds of US$162.55 million (c.A$213 million) on an investment with a historical cost of approximately A$3 million. Neometals has already distributed A$22.5 million of that return to shareholders by way of dividends in 2016.

 

Assuming acceptance and timely completion by the remaining Mt Marion partners of their pre‐ emptive opportunity to acquire Neometals’ residual 13.8% equity interest, Neometals’ projected   unrestricted cash balance will be c. A$184 million. The Company also has listed investments of c. A$10 million.

 

Accordingly, the Company has commenced a review of its strategic funding requirements and capital management initiatives, including its recently renewed on‐market buyback program and other potential shareholder return initiatives.

 

Following, and subject to, completion of the sale transaction, Neometals will be in an enviable financial position to maintain its exposure to the lithium and battery commodities supply chains through selective investment in higher‐margin downstream processing opportunities including deployment of the Company’s patented technologies and ongoing research into new technologies.

 

 

ELi Process™

Our fully‐patented ELi Process (ELi) provides hard‐rock and brine lithium producers a solution to convert their feedstocks into lithium hydroxide (LiOH) at highly competitive operating and capital costs. Neometals intends to exploit the technology as principal, partner or by licensing this technology to producers in return for a royalty stream. Neometals owns 70% of the intellectual property.

 

Lithium Battery Recycling

Neometals has co‐developed a technology which has outstanding potential to cost effectively recover cobalt from spent lithium batteries. A Scoping Study completed in 2016 demonstrated the technology can potentially extract cobalt at a very low operating cost, with potential for further cost reductions through the recovery of lithium, nickel and copper co‐products. Neometals expects to complete mini‐pilot plant testwork at its R&D facility in Montreal, Canada in this September quarter.

 

Barrambie Titanium

The wholly‐owned Barrambie deposit is the second highest grade hard rock titanium deposit globally. Neometals controls the global rights to the Neomet Process (see below), a patented technology that delivers high purity titanium pigment feedstock at lowest quartile costs, as indicated in a pre‐feasibility study.  Neometals is in the process of generating samples for both the pilot plant testing of Barrambie feedstocks at the Montreal facility, and for evaluation by customers as a feedstock into existing titanium pigment plants in China. Titanium feedstock prices have more than doubled in the past year.

 

Neomet Process

The Company is advancing the commercialisation of the Neomet Process with leading Australian engineering company, Sedgman Ltd, part of CIMIC Group.  The test work on third‐party orebodies continues as part of the business plan to licence the technology and share royalties collected with the Canadian owners of the intellectual property.

 

In summary, the divestment of the Company’s minority interest in the upstream Mt Marion mine and concentrator at this point in the cycle makes strategic sense and, assuming acceptance by its Mt Marion partners as well as contractual completion, represents an outstanding result for Neometals shareholders.  The proceeds from the sale will enable optimal value to be realised from the Company’s exciting pipeline of other growth options.

 

On behalf of the Board I would like to personally thank all shareholders for your ongoing support. Let’s together make the future even better.

 

Yours sincerely,
Steven Cole
Chairman

 

 

 

 

 

 

 

 




Barkerville Gold Mines receives permit for mining on Barkerville Mountain

Barkerville Gold Mines Ltd. {TSX.V: BGM} announced that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, BC.

 

 

 

BGM Receives Permit For Mining On Barkerville Mountain

 
TORONTO, ON – April 4, 2017 –Barkerville Gold Mines Ltd. {TSX.V: BGM} announces that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, British Columbia.

 

Mine development is expected to begin immediately, with processing of the mineralised material expected to occur approximately three months thereafter. Bonanza Ledge mineralised material will be processed at BGM’s 100% owned QR mill facility located 110 kilometres from the deposit by road. The mill and tailings facilities are currently permitted and operational. The Bonanza Ledge mine is permitted to produce up to 150,000 tonnes per year.

 

Chris Lodder, President and CEO comments: “This initial production is important to our growth plan in the Cariboo Gold Project. In addition to generating positive cash flow, this underground operation allows BGM to train a local workforce and gain expertise in mining and processing in the district. This experience will assist in the development of other deposits in the camp and the eventual construction of a new centrally located processing facility. In conjunction with this production, BGM’s aggressive exploration program continues and will eventually lead to a property scale mineral resource estimate.”

 

For further information on Barkerville Gold Mines Ltd., please contact:

Chris Lodder
President & Chief Executive Officer
Suite 400-365 Bay Street
Toronto, Ontario, Canada.

 

 

 

 

 

 

 




Strongbow Files South Crofty Tin Project NI 43-101 Technical Report and PEA

Strongbow Exploration Inc. {TSX.V: SBW} looking to resume tin mining in Cornwall, UK, announced that it has filed an NI 43-101 Technical Report and Preliminary Economic Assessment for the South Crofty tin project on SEDAR.

 

 

 

Strongbow Files South Crofty Tin Project NI 43-101 Technical Report and PEA on SEDAR

VANCOUVER, B.C. – Apr 3, 2017) – Strongbow Exploration Inc. {TSX.V: SBW}  is pleased to announce that it has filed an NI 43-101 Technical Report and Preliminary Economic Assessment (“PEA”) for the South Crofty tin project on SEDAR.

 

The document, titled “Technical Report and Preliminary Economic Assessment on the South Crofty Tin Project, Cornwall, UK” (the “Technical Report”) was prepared pursuant to National Instrument 43-101 Standards for Disclosure for Mineral Projects guidelines and authored by P & E Mining Consultants Inc. of Brampton, Ontario.

 

Details of the PEA were announced by the Company in a news release dated February 16, 2017.

 

The Technical Report was filed under the Company’s profile on SEDAR (www.sedar.com)

 

It  can also be viewed on the Company’s website at: http://www.strongbowexploration.com

 

ON BEHALF OF THE BOARD OF DIRECTORS

Richard D. Williams, P.Geo

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Raddisson intersects 11.9 g/t gold over 3 metres west of O’Brien

Radisson Mining Resources Inc. {TSX.V: RDS)} announced additional results from the ongoing 20,000 metres drill program at the Company’s O’Brien gold project located in the heart of the Cadillac mining camp along the Larder-Lake-Cadillac fault in Quebec, Canada .

 

 

 

RADISSON INTERSECTS 11.9 G/T GOLD OVER 3.0 METRES WEST OF O’BRIEN DEPOSIT AT A DEPTH OF 533 M

 

Rouyn-Noranda, Quebec, April 4, 2017: Radisson Mining Resources Inc. {TSX.V: RDS)}(“Radisson”) is pleased to announce additional results from the ongoing 20,000 metres drill program at the Company’s O’Brien gold project located in the heart of the Cadillac mining camp along the Larder-Lake-Cadillac fault in Quebec, Canada (see figure 1, 2 and 3).

Since the last update, (see March 1st, 2017 press release) results have been received for two drill holes (OB-17-22 to OB-17-23).

Highlights:

• Drill hole OB-17-23 intersected 11.9 g/t Au over 3.0 m at a depth of 533 metres, 200 m down-dip of previously released hole OB-16-14 that returned 20.2 g/t Au over 2.5 metres (see figure 1).

• Drill hole OB-17-23 also intersected 13.9 g/t Au over 1.4 m at a depth of 614 metres and 3.5 g/t Au over 1.5 m in the Pontiac sediments south of current resources (see figure 2).

• Drill hole OB-17-22 intersected 10.3 g/t Au over 3.0 m within a wider intercept of 4.7 g/t au over 7.5 m at a depth of 304 metres in vertical extension of historical resources halfway between former O’Brien mine and current resources (see figure 3).
Mario Bouchard, President and CEO commented: “We are very excited by today’s results as we continue to encounter high-grade gold mineralization both in extension of current and historical resources. Radisson added a second drill-rig at O’Brien this week, this will enable the company to generate results both in extension of ore shoots within current resources and on high-priority exploration targets defined in the Footwall (Pontiac sediments) and in the Hanging wall (Cadillac sediments).”
Addition of a second drill-rig focused on exploration targets

On April 2nd, the company mobilized a second drill-rig at the O’Brien gold project. This addition will enable Radisson to test high-priority drill targets identified through the “Orevision IP” (Induced polarization) survey and geological compilation of the sector. The first phase of work will focus on five high-priority exploration targets defined in the Pontiac sediments on the southeast portion of the O’Brien property for an approximate 2,300 metres of drilling.
Hole From
(m) To
(m) Length
(m) Grade
Au Interpreted
zone
OB-17-22 200.2 201.2 1.0 3.5 PICHE VOLCANICS
304.0 311.5 7.5 4.7
Including 304.0 307.0 3.0 10.3
OB-17-23 238.0 239.5 1.5 3.5 PONTIAC SEDIMENTS
446.0 449.0 3.0 4.4 QFP #1
532.0 535.0 3.0 11.9 PICHE CONGLOMERATE
Including 533.2 533.7 0.5 69.1*
614.6 625.5 10.9 2.5 PICHE VOLCANICS
Including 614.6 616.0 1.4 13.9
624.7 625.5 0.8 6.6
* Denotes presence of visible gold
Note; Results are presented as down hole width; true widths are estimated to be between 55 to 70% of down hole thickness.

All drill cores in this campaign are NQ in size. Analyses were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at Techni-Lab Actlabs in Ste-Germaine-Boulé in Abitibi, Quebec. Samples yielding a grade higher than 5 g/t were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control (QA/QC) program.

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.

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).
For more information on Radisson, visit our website at www.radissonmining.com or contact:

Mario Bouchard
President and CEO
819-277-6578
mbouchard@radissonmining.com

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.




Kootenay announce continued high grade results from 2016 drill program on La Negra

Kootenay Silver Inc. {TSX.V: KTN} is pleased to announce drilling has returned more high-grade silver intercepts from the remaining 6 holes of the 2016 drill program conducted and operated by Pan American Silver Corp. (“Pan American Silver”) on its La Negra silver discovery within the Promontorio project located in Sonora, Mexico.

 

 

KOOTENAY ANNOUNCES CONTINUED HIGH-GRADE RESULTS FROM 2016 DRILL PROGRAM ON LA NEGRA OPERATED BY PAN AMERICAN SILVER. RESULTS INCLUDE 529 GPT SILVER OVER 7.5 METERS WITHIN 194 GPT SILVER OVER 40.8 METERS

 

April 3, 2017
Kootenay Silver Inc. {TSX.V: KTN} is pleased to announce drilling has returned more high-grade silver intercepts from the remaining 6 holes of the 2016 drill program conducted and operated by Pan American Silver Corp. (“Pan American Silver”) on its La Negra silver discovery within the Promontorio project located in Sonora, Mexico.

 

The definition drill program on La Negra is part of an option agreement between Kootenay and Pan American Silver that provides Kootenay with a series of work and cash commitments and a carried to production interest on Promontorio. Of the 6 drill holes reported in this release four were drilled into the La Negra Breccia with 2 into a target south of the breccia. Pan American Silver is scheduled to recommence drilling in late June-early July 2017.

Kootenay President and CEO James McDonald states, “We are very pleased with results from the final holes of our 2016 drilling program on La Negra with Pan American Silver. The consistent confirmation of multiple zones of high-grade silver mineralization within a 600-meter strike length of the breccia, remaining open at depth, supports further work on the Promontorio/La Negra project. Upcoming exploration and drilling by Pan American Silver will focus on defining the potential size of the magmatic hydrothermal silver-lead breccia and testing additional targets.”

 

Drill highlights include:

LN-67-16 returning 121 gpt silver over 47.1 meters including 582 gpt silver over 2.55 meters
LN-68-16 returning 194 gpt silver over 40.85 meters including 529 gpt silver over 7.5 meters and 90 gpt silver over 10.65 meters including 137 gpt silver over 5.55 meters
LN-69-16 returning 98 gpt silver over 59.25 meters including 378 gpt silver over 3.65 meters




Scorpio Gold Commences Leach Pad Drilling at Mineral Ridge

VANCOUVER, BRITISH COLUMBIA– Scorpio Gold Corp. {TSX .V: SGN} announces the commencement of a sonic drilling program on the heap leach pad at its 70% owned Mineral Ridge project, located in Nevada.

 

 

VANCOUVER, BRITISH COLUMBIA-Mar 30, 2017 – Scorpio Gold Corp. {TSX .V: SGN} announces the commencement of a sonic drilling program on the heap leach pad at its 70% owned Mineral Ridge project, located in Nevada.

 

On March 14, 2017, the Company received approval from the Nevada Department of Environmental Protection agency for its previously submitted engineering design change to potentially exploit material from the existing heap leach pad using a new processing mill. The drill program consists of 34 holes to provide representative sampling of approximately 6.3 million tonnes of mineralised material contained within the pad for metallurgical testing.

 

The samples will be analysed to determine if the leach pad material is amenable for further gold recovery using milling processes. To ensure integrity of the leach pad containment, the final depth elevation of each drill hole will be a minimum of 20 vertical feet above the original heap leach pad liner system.

 

The Company has contracted Boart Longyear to conduct the drilling campaign utilizing their LS250 sonic drill rig with 4 inch casing. Drilling commenced on March 24, 2017 and the duration of the program is expected to be approximately 3 weeks. Core samples will be shipped to Kappes, Cassiday & Associates of Reno, Nevada for laboratory analysis and metallurgical testing.

 

The Company has also contracted Mine Technical Services Ltd. (“MTC”) of Reno, Nevada to provide a NI 43-101 compliant resource estimate of the mineralised material contained within the leach pad. Based on positive results from the resource estimate and metallurgical testing, MTC will then be engaged to conduct a feasibility study for milling of the heap leach material.

 

The conceptual design of the milling facility was previously provided by SNC Lavalin in 2014, and includes twin circuits for 2000 TPD ball mills, gravity recovery circuit with high intensity strip, CIL recovery circuit, detox circuit and tailings dry stack circuit. The feasibility study conducted by MTC would provide the basis for determining the economics of the overall recovery project. The finalised resource estimate will also be the basis for reconciliation of grade and contained ounces placed by the Company since operations commenced.

 

Based on production head grades and total tonnage of material placed on the pad relative to total gold recovered, the Company estimates that the leach pad contains approximately 6.3 million tonnes of material grading 0.61 grams per tonne, for an estimated remaining gold inventory of approximately 120,000 – 130,000 ounces of gold.

 

Brian Lock, interim CEO comments, “This program will provide Scorpio Gold with confirmation of the pad resource and the feasibility of constructing a milling facility for the mine site, providing the avenue to potentially recover an estimated 120,000 – 130,000 ounces thought to be remaining on the pad as well as the potential for up to 95 percent recovery of future mineralization mined at Mineral Ridge.”

 

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.

 

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.

ON BEHALF OF THE BOARD

 

 

 

 

 

 

 

 

 

 




Inovio and Collaborators Receive NIH Grant to Evaluate HIV Immunotherapy PENNVAX®

Inovio Pharmaceuticals, Inc. {NASDAQ: INO} announced that its academic and industry collaborators received a multi-year $6.95 million grant from the NIH’s National Institute of Allergy and Infectious Diseases to develop a single or combination therapy using Inovio’s PENNVAX-GP with the goal of attaining long-term HIV remission in the absence of antiviral drugs.

 

 

Inovio and Collaborators Receive NIH Grant
to Evaluate HIV Immunotherapy PENNVAX®-GP’s Ability
to Induce Remission of HIV Infection and End Lifetime
of Drug Therapy
Grant will fund therapeutic clinical studies testing PENNVAX-GP with
INO-9012 (an IL-12 immune activator) alone and with the addition of
a PD-1 checkpoint inhibitor

 
PLYMOUTH MEETING, Pa. – March 30, 2017 – Inovio Pharmaceuticals, Inc. {NASDAQ: INO} announced today that its academic and industry collaborators received a multi-year $6.95 million grant from the NIH’s National Institute of Allergy and Infectious Diseases to develop a single or combination therapy using Inovio’s PENNVAX-GP with the goal of attaining long-term HIV remission in the absence of antiviral drugs.

 

Although current antiretroviral therapy can reduce the amount of circulating HIV in the blood to an undetectable level, latent cellular reservoirs of HIV continue to exist in the body such that when therapy is discontinued, these cells begin to produce HIV again. This proof-of-concept clinical program will test whether enhancing anti-HIV specific CD8 killer T cell immune responses alone or in combination with other products can influence the size of the viral reservoir pool, potentially resulting in reducing or eradicating the virus.

 

This is a two-step clinical study in HIV-positive subjects to assess Inovio’s HIV immunotherapy PENNVAX-GP with INO-9012 (an IL-12 immune activator) alone and with the addition of a PD-1 checkpoint inhibitor.

 

All trials will be randomized, double-blind, placebo-controlled assessments of PENNVAX-GP. They will be conducted at the University of California in San Francisco and Los Angeles.

 

PD-1 checkpoint inhibitors have proven effective in treating cancer and may have a role in the management of chronic infectious diseases. This trial seeks to demonstrate that an in vivo immunotherapy combining a PD-1 inhibitor and PENNVAX-GP will enhance the CD8 killer T cell response to HIV infected cells.

 

Development of Inovio’s PENNVAX-GP immunotherapy, which widely targets multiple major clades of HIV — providing global coverage — has been funded through a $25 million NIAID contract awarded to Inovio and its collaborators. In addition, Inovio and its collaborators were awarded a five-year $16 million Integrated Preclinical/Clinical AIDS Vaccine Development (IPCAVD) grant in 2015 from NIAID.

 

PENNVAX-GP is currently being studied in a phase I trial (HVTN-098) to evaluate safety and immunogenicity in 94 healthy volunteers. In this study, PENNVAX-GP is being evaluated as a preventive vaccine. The newly funded study will assess the impact of this vaccine approach in a therapeutic setting.

 

Steven G. Deeks, MD, the grant and clinical trial’s Principal Investigator, and Professor of Medicine in Residence at the University of California, San Francisco, said, “There is growing recognition that we will need to generate powerful CD8+ T cells that target vulnerable regions of the virus and which can migrate to the tissues where the virus hides. The preliminary data from other Inovio-sponsored studies makes me enthusiastic that this vaccine might fill an important niche in future curative strategies.”

 

Dr. J. Joseph Kim, Inovio’s President and CEO, said, “We are thrilled to receive this NIH funding to test the combination of Inovio’s HIV immunotherapy with a PD-1 inhibitor. Similar to what we are doing in the cancer field with INO-3112 and INO-5401, we believe that the one-two punch of generating potent killer T cells with our immunotherapies combined with PD-1/PDL-1 checkpoint therapies could be an important step in generating functional cure for these diseases.”

 

About HIV Infection

Nearly 36 million people have died from HIV-related causes and 35 million are living with HIV. HIV is a retrovirus that causes acquired immunodeficiency syndrome (AIDS), a condition in which progressive failure of the immune system allows life-threatening opportunistic infections and cancers to thrive. HIV is classified into clades, sub-types within which the virus has genetic similarities. The most prevalent clades are B (found mainly in North America and Europe), A and D (found mainly in Africa), and C (found mainly in Africa and Asia).

 

HIV clade C accounts for 48% of worldwide and 51% of African-HIV type 1 cases. It is the most rapidly spreading subtype of HIV. Although a highly active antiretroviral therapy regimen has dramatically transformed the treatment of the disease in developed countries, effective HIV vaccines are needed to stop the spread of disease and reduce the need for antiretroviral treatments, which can have harsh side effects and lose their efficacy over time.

 

About Inovio’s PENNVAX® HIV Vaccines and Immunotherapies

Inovio completed initial clinical studies of its HIV immunotherapy PENNVAX-B, targeting clade B viruses, to achieve proof of principle in generating potent immune responses using its SynCon® immunotherapy technology. In two published phase 1 studies, PENNVAX-B immunization generated high levels of activated, antigen-specific CD8+ killer T cells with proper functional characteristics. This ability uniquely positions PENNVAX as an important product candidate for both preventing and treating HIV infections.

 

Using a $25 million contract from the NIH, Inovio designed its universal, multi-clade, multi-antigen PENNVAX-GP immunotherapy targeting the env, gag and pol antigens to provide coverage against all major HIV-1 clades. PENNVAX-GP is Inovio’s lead preventive and therapeutic immunotherapy for HIV.

 

About Inovio Pharmaceuticals, Inc.

Inovio is taking immunotherapy to the next level in the fight against cancer and infectious diseases. We are the only immunotherapy company that has reported generating T cells in vivo in high quantity that are fully functional and whose killing capacity correlates with relevant clinical outcomes with a favorable safety profile. With an expanding portfolio of immune therapies, the company is advancing a growing preclinical and clinical stage product pipeline. Partners and collaborators include MedImmune, The Wistar Institute, University of Pennsylvania, DARPA, GeneOne Life Science, Plumbline Life Sciences, ApolloBio Corporation, Drexel University, NIH, HIV Vaccines Trial Network, National Cancer Institute, U.S. Military HIV Research Program, and Laval University.

 

For more information, please visit www.inovio.com

 

CONTACT:
Bernie Hertel

+1 858-410-3101

bhertel@inovio.com

# # # #

This press release contains certain forward-looking statements relating to our business, including our plans to develop electroporation-based drug and gene delivery technologies and DNA vaccines, our expectations regarding our research and development programs and our capital resources. Actual events or results may differ from the expectations set forth herein as a result of a number of factors, including uncertainties inherent in pre-clinical studies, clinical trials and product development programs, including the HIV immunotherapy PENNVAX-GP, the availability of funding to support continuing research and studies in an effort to prove safety and efficacy of electroporation technology as a delivery mechanism or develop viable DNA vaccines, our ability to support our broad pipeline of SynCon® active immunotherapy and vaccine products, the ability of our collaborators to attain development and commercial milestones for products we license and product sales that will enable us to receive future payments and royalties, the adequacy of our capital resources, the availability or potential availability of alternative therapies or treatments for the conditions targeted by the company or its collaborators, including alternatives that may be more efficacious or cost effective than any therapy or treatment that the company and its collaborators hope to develop, issues involving product liability, issues involving patents and whether they or licenses to them will provide the company with meaningful protection from others using the covered technologies, whether such proprietary rights are enforceable or defensible or infringe or allegedly infringe on rights of others or can withstand claims of invalidity and whether the company can finance or devote other significant resources that may be necessary to prosecute, protect or defend them, the level of corporate expenditures, assessments of the company’s technology by potential corporate or other partners or collaborators, capital market conditions, the impact of government healthcare proposals and other factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2016, and other regulatory filings from time to time. There can be no assurance that any product in Inovio’s pipeline will be successfully developed or manufactured, that final results of clinical studies will be supportive of regulatory approvals required to market licensed products, or that any of the forward-looking information provided herein will be proven accurate.




Cascdero Copper publish MD & A for year end November 2016

Cascadero Copper {TSX.V: CCD} have published their management Discussion and Analysis Report for year end November 2016.

To read the full news release on PDF please click HERE

 

or paste the code below into a browser.

 

http://www.investorx.ca/Doc/A9CRRJCD0DB/2017/03/29/cascadero-copper-corporation/mda-english

 

 

 

 

 

 




Eguana Technologies confirms first orders for their commercial AC Battery

Eguana Technologies Inc. {TSX.V: EGT}  confirms initial orders and growing interest in its Commercial AC Battery product.

As the Company completes final integration testing and preparation for submission to regulatory certification, lead customers are securing product supply along with Eguana’s integration support for their applications with early orders.

Eguana Confirms first orders for Commercial AC Battery

 
CALGARY, ALBERTA- – March 27, 2017) – Eguana Technologies Inc. {TSX.V: EGT}  confirms initial orders and growing interest in its Commercial AC Battery product.

 

As the Company completes final integration testing and preparation for submission to regulatory certification, lead customers are securing product supply along with Eguana’s integration support for their applications with early orders.

 

First deployments will be in Alberta, Texas, and Colorado followed by California.
“With final product specifications and pricing completed, it is very encouraging to see the widespread interest in our new commercial product and how quickly it has translated into early orders,” said Justin Holland, CEO at Eguana Technologies. “Inquiries are coming from multiple market channels with greatest interest from customers looking to increase their current commercial energy efficiency and EV charging services, along with established developers who have been waiting for a 15kw/30kwh 3-phase product option that fills a long-standing gap in the marketplace.”
Confirmed interest and orders support Eguana’s market analysis that a smaller, factory integrated and assembled PCS+Battery product will fill the unmet need in the market for small commercial and EV charging applications. While larger projects, which have dominated the early market, can accommodate higher overheads and complex financing arrangements, the vast majority of the behind the meter market applications cannot support such large footprints, which result in rapidly diminishing returns for demand charge reduction as the system power size and capacity increases.
About The AC Battery:
The Eguana AC Battery™ is a certified, grid ready power control solution pre-integrated with LG Chem Li-ion batteries. Our solution can be seamlessly integrated with a local energy management system or a distributed fleet control network using open communication protocols to provide a fully functional energy storage installation. The AC Battery provides maximum flexibility for system aggregators which want to deploy it as a standalone product, as part of new solar storage installations, or as a retrofit to solar PV installations already in place.
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.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is the leading supplier of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.
To learn more, please visit www.EguanaTech.com

or follow us on Twitter @EguanaTech.
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.
CONTACT INFORMATION
Company Inquiries
Justin Holland
CEO, Eguana Technologies Inc.




Komet Resources confirm gold discovery south of their Guiro Mine in Burkina Faso

Komet Resources Inc. {TSX.V: KMT}  announced the first sampling results from a new mineralised zone discovered 488 meters south to the Guiro mine, and confirmed a new gold discovery.

 

Komet Resources make a new gold discovery south of the Guiro Mine

 

 

Quebec City, March 29, 2017 – Komet Resources Inc. {TSX.V: KMT} is pleased to announce the first sampling results from a new mineralised zone discovered 488 meters south to the Guiro mine.

 

A first sampling was done by Komet’s geologists in gold panner’s bags from fresh pit material. Those are selected samples and are not necessary representative of the mineralisation of this structure. A second sampling, by right angle channels over the full width of the mineralised vein structure, was done by Komet geologists directly in the pits, at depths between 15 and 18 meters.

 

Five active gold panner’s pits are identified along an estimated vein network covering 30 meters in width and a minimum of 130 meters in length, parallel to the Guiro vein. Komet is planning an exploration program on this zone at the beginning of April with a diamond drill rig that was mobilised for Guiro last week.

 

For André Gagné, President and CEO,This new discovery is a clear indication of the high gold potential of the Guiro permit while we are just beginning its systematic exploration by modern methods.”

 

A  summary of results from selected samples from the gold panner’s bags:

Samples

Au g/t

201709011

10.87

201709012

9.74

201709119

23.61

201709120

24.35

201709121

36.42

201709122

22.88

 

 

All assays reported were obtained by standard 30 grams fire-assaying-AA finish or gravimetric finish at the Company’s mine site laboratory. Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43–101 and industry best practices, including the introduction of standards or blanks with every batch of 3 samples analysed.

 

Stock Options
600,000 stock options were granted at a price of $0.40. Of those, 200,000 went to directors of the company.

 

More information about the Komet REsources is available at:  http://kometgold.com

 

For Investors relations and information contact:

André Gagné, President and CEO

+1 581 300 1666

a.gagne@kometgold.com

 

 

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.

 

Forward-Looking Statements
Neither 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. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Barkerville Agrees to Sell 0.75% NSR Royalty on its Cariboo Gold Project for $12,500,000

Barkerville Gold Mines Ltd. {TSX.V: BGM} announced that it has entered into a letter agreement with Osisko Gold Royalties Ltd., whereby Osisko has agreed to purchase an additional 0.75% net smelter return (“NSR”) royalty on the Cariboo Gold Project for a cash consideration of $12,500,000.

 

TORONTO, ON – March 27, 2017 – Barkerville Gold Mines Ltd. {TSX.V: BGM} announces that it has entered into letter agreement (“Agreement”) with Osisko Gold Royalties Ltd. (“Osisko”) whereby Osisko has agreed to purchase an additional 0.75% net smelter return (“NSR”) royalty on the Cariboo Gold Project for a cash consideration of $12,500,000 (the “Royalty Purchase”).

 

Upon completion of the Royalty Purchase, Osisko’s total NSR royalty will be 2.25%. The grant of the additional royalty will eliminate the Company’s current obligation to negotiate a gold stream agreement with Osisko upon completion of a feasibility study on its Cariboo Gold Project, which was granted as part of the investment agreement between Osisko and Barkerville dated February 5, 2016.

 

The Royalty Purchase constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”), as an insider of Barkerville is also an insider of Osisko. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as at the time the transaction was agreed to, neither the fair market value of the transaction, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeded 25% of Barkerville’s market capitalisation.

 

For further information on Barkerville Gold Mines Ltd., please contact:
Chris Lodder

President & Chief Executive Officer

Suite 400-365 Bay Street

Toronto, Ontario, Canada

clodder@barkervillegold.com
About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s mineral tenures cover 1,164 square kilometres along a strike length of 60 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.
Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange (‘TSXV’) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.




Komet Resources Announces First Drilling Results From Dabia South in Mali

Komet Resources Inc. {TSX.V: KMT}  announced the first drilling results on its Dabia South permit (formerly known as Moussala) located in Mali. The first shallow six holes were drilled on the south portion of the Kabaya gold zone.

Among results, hole 06 reported 12.23 g/t over 3 meters.

Komet Announces First Drilling Results From Dabia South in Mali

 

Quebec City, March 27, 2017 – Komet Resources Inc. {TSX.V: KMT} is pleased to announce the first drilling results on its Dabia South permit (formerly known as Moussala) located in Mali. The first shallow six holes were drilled on the south portion of the Kabaya gold zone. The RC drilling sections are located within a north-south oriented corridor and cover a 50 meters width, drill hole true width is not determined.

 

Among results, hole 06 reported 12.23 g/t over 3 meters. These new results complement the preceding historical intersections announced in the June 21, 2016, press release.
Samples were analySed by merger fusion on a grip of 50g pulp and ppm finish for the gold at the independent SGS Laboratory, Bamako, Mali. Sampling on site is done by professional geologists and Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43–101 and industry best practices, including the introduction of standards, blanks and duplicates with every batch of 20 samples analysed.

 

Concerning these new results, Mr. André Gagné, president and chief executive officer, made this comment: “These results were above our expectations in a new sector where gold vein mineralisation was poorly known and not at all documented.”

 

Consequently, the company plans 500 metres of additional drilling to investigate this new zone.

 

Follow up on the Guiro project

Concerning exploration work:

• The airborne geophysical survey has been completed on 100% of the permit. Final results are expected before the end of April following data processing

• The company completed a soil geochemical program and the samples are now being analysed and compiled. A total of 2700 samples were taken at a one meter depth from a 100 x 100 meter grid.

• A new mineralised gold zone has been discovered 488 meters to the south of the Guiro mine. The vein structure previously worked by local gold panners is oriented to the east and is followed over 130 meters. The samples collected are currently being analysed and compiled.

• A diamond drill has been mobilised at Guiro. With new information coming from the airborne survey, prospecting, geochemistry and the sampling program, the company is now positioned to drill the most promising targets.

 

Concerning the Guiro mine:

• The commissioning of the intensive leach reactor (Concep Acacia CS250) and the new gravimetric concentrator as started in the last few days. The refurbishing of the Denver Ball Mill is 100% completed and the testing is planned for this week. Also, the recommendations from the third-party metallurgical firm to optimise the process with, among others, the addition of hydro cyclones, will be completed in the next following weeks.

 

For more information about the corporation, please visit: http://kometgold.com

 

Investors relations and information:

André Gagné, President and CEO

+1 581 300 1666

a.gagne@kometgold.com

 

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.

 

Forward-Looking Statements
Neither 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. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.




Bitcoin falling as traders turn to alternatives amongst blockchain uncertainty

Bitcoin {BTC} has been trading under $1,000 this weekend amidst growing nervousness amongst investors, spooked by recent decisions by the Chinese government and the SEC, and now a rift within their own community.

 

 

 

Bitcoin wobbles as traders turn to other cryptocurrencies amidst an  uncertain future

 

It’s been a volatile period for Bitcoin investors, as holders of the cryptocurrency prepare for a potential ‘fork’ in the blockchain.

 

From Friday morning through the weekend Bitcoin was trading under a $1,000, significantly less than the recent high.

 

Bitcoin has been hit by the double whammy of the US SEC rejecting the Bitcoin ETF proposal, and the Chinese authorities clamping down on trading, and imposing a new tax, making margin trading uneconomical.
There is also a scaling issue,as the numbers of transactions increase, the processing on the blockchain is slowing down, causing settlement delays. To try and resolve this it has been proposed to increase the number of blocks on the chain, causing a split amongst traditionalists, and those that favour the new proposal.

 

Holders are selling out and waiting to see whether or not this proposal will occur, and this uncertainty has wiped over $3 billion dollars off the cap of the Bitcoin n the last few days.

 

The main beneficiaries of this are Dash and Monero, with Ethereum now being predicted for a significant rise too, due to investor trust.




Cartier Resources Launches a 7,000 m Drill Program on The Wilson Property

Cartier Resources Inc. {TSX.V: ECR}  announced that it has commenced a diamond drill program consisting of 18 drill holes totalling more than 7,000 m on the Wilson property, located 15 km to the East of Lebel-sur-Quévillon, Québec which is situated along the Urban-Barry Belt.

 

 

Cartier Resources Launches a 7,000m Drill Program on The Wilson Property

 

Val-d’Or, March 23rd, 2017 – Cartier Resources Inc. {TSX.V: ECR}  is pleased to announce that it has commenced a diamond drill program consisting of 18 drill holes totalling more than 7,000 m on the Wilson property, located 15 km to the East of Lebel-sur-Quévillon, Québec which is situated along the Urban-Barry Belt. The program is intended to explore the depth and lateral extensions of Toussaint Gold Deposit (Figure).

 

The Toussaint Gold deposit lies at the heart of an area that has recently seen a significant staking rush by several companies. The area remains historically under-explored relative to other gold belts in the Abitibi region. On the property, in 1994, Freewest Resources produced a historical resource estimate for the Toussaint Gold deposit (GM 52557) of 187,706 tonnes at 7,1 g/t Au. Note: The qualified person has not done sufficient work to classify the resources that are the subject of this historical resources estimate. Cartier does not consider the resources presented in this historical resource estimate to be current.

 

This program will specifically test the depth extensions of 4 Gold Zones (T1, T2, T3 and M1) which are hosted within the Toussaint and Midrim Gold structures (Figure). The latter are known over a distance of 1.5 kilometers along strike from successful historic drilling.




Kootenay Silver announces drilling on Silver Fox

Kootenay Silver Inc. {TSX.V: KTN}  announced that a wholly-owned subsidiary of Antofagasta Plc {LSE: ANTO}, under an option agreement with the Company has informed Kootenay that a budget has been approved for the drilling of 5 separate targets on Kootenay’s Silver Fox Property located in south eastern British Columbia.

 

 

 

VANCOUVER, March 22, 2017 /CNW/ – Kootenay Silver Inc. {TSX.V: KTN} is pleased to announce that a wholly-owned subsidiary of Antofagasta Plc {LSE: ANTO}, under an option agreement with the Company has informed Kootenay that a budget has been approved for the drilling of 5 separate targets on Kootenay’s Silver Fox Property located in south eastern British Columbia.

 

An estimated 3,000 meter drill program is scheduled to commence on the Silver Fox Property during Q3 2017.

 

The Silver Fox Property is comprised of over 21,000 hectares of mineral claims covering the northern extension of an established copper-silver mineralised belt originating from Montana, where the 3 principal deposits either host or produced over 522 million ounces of silver and 2.39 million tonnes of copper at grades ranging from 1.7 to 2.0 ounce per ton silver and 0.7 to 0.8 % copper. This mineralised trend is best known as the Western Montana Copper Belt where the copper-silver deposits are hosted in Proterozoic aged sediments of the Revett or Creston Formations.

 

The Silver Fox Property covers approximately 35 kilometres of strike length of the prospective hosting stratigraphy in Canada. Exploration and field work conducted over the past two seasons has identified five prospective areas hosting copper and silver mineralisation indicative of potential copper silver deposits similar to what occurs in the same stratigraphy in Montana. The focus areas are identified as the Oke, Jake, Yahk Mountain, Gilnockie and Ward targets.

 

Under the terms of the joint venture agreement, Antofagasta has the option to earn up to an 80% interest in the Silver Fox Property.

 

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.

 

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.