Kootenay Silver updates on La Cigarra drilling

Kootenay Silver Inc. {TSX.V: KTN} is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone  on its 100% owned La Cigarra silver project.

La Cigarra is located in Chihuahua State, Mexico.

 

Kootenay reports progress from LA Cigarra

 
VANCOUVER, Oct. 31, 2016 – Kootenay Silver Inc. {TSX.V: KTN} is pleased to report 11 core drill holes totaling 2,100 meters have been completed and submitted for assaying on the Ram Zone as part of its initial 3,000 meter drill program on its 100% owned La Cigarra silver project , located in Chihuahua State, Mexico.

 

The 11 holes tested the northern 500 meters of strike on the Ram structure. Management believes the RAM target has potential to host high-grade silver mineralization within a large structurally controlled anomalous silver trend measuring 3.8 kilometers in length. Assay results will be released once received and compiled.

 

The Company further reports it is currently mobilising the drill rig to the La Soledad Zone, located approximately 1,000 meters south of the La Cigarra silver resource.

 

The current program on La Cigarra is the first stage of a planned multi-phased approach focused on drill testing several new highly prospective targets on the property that lie adjacent to and in close proximity to the main NI 43-101 silver resource. These include the Ram Zone and the Las Venadas – La Soledad-La Chinas mineralised trend, which extends southward from the La Cigarra Resource and has been traced over a length of 3 kilometers.

 

The extended multi-phase drill program is expected to be executed over the next 12-18 months with the objective of discovering entirely new silver resources that sit adjacent to and outside of the main resource. In conjunction with the new discovery program, the Company is currently conducting a strategic exploration and assessment program that includes extensive re-logging and mapping to aid in optimisation of project economics and guide drilling for expansion of the La Cigarra resource.

 

Upcoming drilling on La Cigarra will aim to expand the size and define the limits of the resource and underlying high-grade silver zones known to extend in three different directions from the deposit. Upon compilation of future exploration and drill results the Company plans to immediately proceed to an updated independent resource calculation and a Preliminary Economic Assessment on the La Cigarra resource.

 

NI 43-101 Technical Report on the Updated Mineral Resource Estimate on the San Gregorio/Las Carolinas Zones, La Cigarra Silver Project, Chihuahua, Mexico, effective date January 14, 2015 prepared by GeoVector Management Inc. Note: Mineral resources are reported in relation to a conceptual pit shell at a 35 g/t silver cut-off grade and a $22/oz silver price. Mineral resources that are not mineral reserves do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add up due to rounding.

 

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 under the direction of qualified geologists and stored in sealed bags. 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 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.

 

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. The Company’s top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured & Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico’s Santa Barbara mine and Minera Frisco’s San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company’s La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured & Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company’s core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.

 

Source: Kootenay Silver

 

 

 

 

 

 

 



TSX to allow four letter epics

The TMX Group who run the Toronto Stock Exchange is to change with tradition and allow four letter company shortcodes (epics) for the first time.

The start date for this is the 1st November, and is designed to allow companies to link their code to their marketing.

 

The TMX group have sensibly allowed four letter ticker symbols for the first time. as it does allow a company to have a more meaningful ticker which is useful in their marketing.

 

Already SHOP (Shopify) and ONEX (Onex Group) are good examples. Onex was formerly known as OCX, which doesn’t identify the company at all!

 

This can lead to some obvious amusing symbols of course;

Placer  Uranium Mining Portugal

is one example, and there will probably be many others once people put their minds to it.



NYMOX corporation risk reaches “an extreme high” – CM Labs

Nymox Pharmaceutical {NASDAQ: NYMX} corporate risk has been rated as “extremely high” by Capital Market Laboratories.

The data is drawn from many ppints within the option market.

 

The full article can be read here:

Read the full article HERE

 

 



City Investors Circle new investor presentation

City Investors Circle  are pleased to announce a new evening investor presentation on Tuesday 8th November 2016 in the City of London.

The theme is Biotech, the presentation starts at 18.30, for full details email rhea@city-investors-circle.com

Complimentary food and refreshments will be served.

Places are limited and available on a first come first served basis.



Inovio Pharmaceuticals to Report Q3 2016 Financial Results November 9, 2016

Inovio Pharmaceuticals,{NASDAQ: INO} have announced that it will host a conference call and live webcast to discuss its 2016 third quarter financial results and provide a corporate update on Wednesday, November 9, 2016 at 13.30 GMT.

Inovio Pharmaceuticals to Report Third Quarter 2016 Financial Results November 9, 2016

PLYMOUTH MEETING, Pa. – October 26, 2016 – Inovio Pharmaceuticals,{NASDAQ: INO} announced today that it will host a conference call and live webcast to discuss its 2016 third quarter financial results and provide a corporate update on Wednesday, November 9, 2016 at 13.30 GMT.

A live and archived version of the audio presentation will be available online at http://www.investorcalendar.com/IC/CEPage.asp?ID=175403 as well as through the “Webcast” tab on Inovio’s home page at www.inovio.com.

 

This is a listen-only event but will include a live Q&A with analysts.

A replay of the conference call will be accessible two hours after the call at +1 201 612 7415 (international) using passcode 13648359.



Neometals recent drill results – contained lithium increased by 29%

Neometals {ASX: NMT} have reported that Snowden Mining Consulting have reviewed favourably the recent drilling results,and have revised the resource estimate of contained lithium content upwards by 29.5% to 77.8 million tons.

 

Neometals {ASX: NMT} have reported that Snowden Mining Consulting have reviewed favourably the recent drilling results,and have revised the resource estimate of contained lithium content upwards by 29.5% to 77.8 million tons.

 

Snowden Mining Industry Consultants has reviewed results of recent drilling and provided a revised Mineral Resource estimate as at 21 October 2016 resulting in increases to Indicated and Inferred Mineral Resources now totaling 77.8 Mt at 1.37% Li2O and 1.09% Fe; reported above a cut‐off grade of 0.5% Li2O.

 

The previous Mineral Resource estimate released on 5 July 2016 was 60.5 Mt at 1.36% Li2O and 1.09% Fe; reported above a cut‐off grade of 0.3% Li2O.

 

The revised estimate represents an increase in contained Lithium content of 29.5% with a slightly increased cut‐off grade to align with pit optimisation parameters as applied by Snowden.

 

The full announcement can be viewed here:
http://www.neometals.com.au/reports/686-1610443.pdf

 

 

 

 

 

 

 



Avalon Clarifies Disclosure Contained in September 27, 2016 News Release

Avalon Advanced Materials {TSX: AVL} announces that as a result of a review by staff of the Ontario Securities Commission, it is issuing the following news release clarifying the disclosure in its September 27, 2016, news release related to its 100% owned Separation Rapids Lithium Project, Kenora, Ontario.

 

Avalon Clarifies Disclosure Contained in September 27, 2016 News Release


October 25, 2016

 

Toronto, ON – Avalon Advanced Materials {TSX.V: AVL} announces that as a result of a review by staff of the Ontario Securities Commission, it is issuing the following news release clarifying the disclosure in its September 27, 2016, news release related to its 100% owned Separation Rapids Lithium Project (the “Project”), Kenora, Ontario.

 

The Company neglected to inform readers that the comprehensive technical report would be filed on SEDAR within 45 days of the date of the news release, prior to November 11, 2016.

The Company clarifies the classification and tonnes of the feldspar by-product in relation to the lithium mineral resource estimate (which was originally reported as 8.0 Mt of Inferred Resources), will be classified in the PEA as 4.03 Mt of Measured Resources and 3.97 Mt of Indicated Resources, as well as an additional 1.63 Mt of Inferred Resources.  A table of the resource estimate providing full details and notes is appended below.

This clarification is partially the result of additional quantitative mineralogical work completed since the original estimate was completed. The revised estimate appended below utilizes the same assumptions and parameters with respect to commodity prices, mining method and other factors as given in the news release of September 27, 2016.

Some cautionary language required due to the inclusion of Inferred resources in the economic model was also inadvertently omitted. In compliance with paragraph 2.3(3)(a) of National Instrument 43-101 the Company states that the preliminary economic assessment described therein is preliminary in nature, that 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 realised.



Finally, Paragraph 2.3(1)(b) of NI 43-101 restricts disclosure of an economic analysis on an extrapolation of results beyond the defined mineral resource estimate and the following is therefore retracted: “If additional drilling on untested extensions of the Deposit were to increase the resource and extend the initial 10 year lithium production period, each additional year of additional lithium production could add $200 million in revenues per year and significantly increase the NPV of the Project.”

About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. (formerly Avalon Rare Metals 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.

For questions and feedback, please e-mail the Company at ir@AvalonAM.com

or

phone Don Bubar, President & CEO at +1 416-364-4938.
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, the results of the PEA, including the proposed development model and potential economics, the key measures and economics reported in the PEA, timelines, capital and sustaining costs, power and storage facilities, life of mine, social, community and environmental impacts, mineral resource and, mineral reserve estimates, lithium and feldspar markets and sales prices, off-take agreements and purchasers for the Company’s products, environmental assessment and permitting, securing sufficient financing on acceptable terms, opportunities for short and long term optimization of the Project, and continued positive discussions and relationships with local communities and stakeholders. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, Avalon’s ability to secure sufficient financing to advance and complete the Project, uncertainties associated with securing the necessary approvals and permits in a timely manner, assumptions used in the PEA proving to be inaccurate, uncertainties associated with Avalon’s resource and reserve estimates, uncertainties regarding global supply and demand for lithium and feldspar and market and sales prices, uncertainties associated with securing off-take agreements and customer contracts, uncertainties with respect to social, community and environmental impacts, uncertainties with respect to optimization opportunities for the Project as well as those risk factors set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile atwww.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

Cautionary Note to United States Investors Concerning Reserve and Resource Estimates

The reserve and resource estimates in this news release have been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. Unless otherwise indicated, all reserve and resource estimates included in this news release have been prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource information contained in this news release may not be comparable to similar information disclosed by United States companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserve”. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by United States standards in documents filed with the SEC. United States investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” exists, is economically or legally mineable, or will ever be upgraded to a higher category. Under Canadian rules, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of the amount of minerals contained in a resource estimate is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of “reserves” are also not the same as those of the SEC, and reserves reported by Avalon in compliance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with United States standards.

Appendix I
Separation Rapids, Mineral Resource Estimate at 0.6% Li2O Cut-off Grade
As at October 21, 2016

Class Tonnes
(Mt)		 Li2O
(%)		 Total Feldspar
(%)		 Ta2O5
(%)		 Cs2O
(%)		 Rb2O
(%)		 SG
Measured 4.03 1.32 39 0.006 0.017 0.343 2.66
Indicated 3.97 1.26 39 0.007 0.025 0.362 2.67
Measured plus Indicated 8.00 1.29 39 0.006 0.021 0.352 2.66
Inferred 1.63 1.42 39 0.008 0.016 0.360 2.64

Notes:

  1. CIM Definition Standards for Mineral Resources and Mineral Reserves, 10 May, 2014 were followed for this mineral resource estimate.
  2. The Qualified Person for this mineral resource is David Trueman, Ph.D., P.Geo. (MB).
  3. The resource estimate is constrained by a 3D geologic model of the mineralized material.
  4. Assay intervals for Li2O, Ta2O5, Cs2O and Rb2O were interpolated using the Inverse Distance Weighted method to create a 3D block model.
  5. The resource cut-off grade of 0.6% Li2O was chosen to capture mineralization that is potentially amenable to mining, mineral concentration and off-site processing.
  6. Li, Ta, Cs and Rb were originally analysed on all samples at XRAL Laboratory (Thunder Bay, Ontario) utilizing ICP (Li, Ta) and AA (RB and Cs) and check analyses completed at CHEMEX Laboratory (Don Mills, Ontario) utilizing AA (Li) and ICP (Rb).
  7. As well as due diligence to verify historic data, Avalon completed additional check analyses of historic drill core in 2016 utilizing ALS Laboratory (Vancouver) with a combination of fusion and ICP (method CCP-PKG01). Included as QAQC procedures was a lithium rock standard within the check analysis batches.
  8. Total Feldspar is the total of potassium feldspar (microcline) and sodium feldspar (albite) and the value reflects the mean and median value of all samples with quantitative mineralogy determined.
  9. The percentage Total Feldspar is based on analyses completed utilizing X-Ray Diffraction and Qemscan instrumentation on samples representing all lithological subunits of the mineral deposit. These analyses were completed at Carleton University in 1999 (XRD) and ALS Global Laboratory in 2016 (XRD and Qemscan, Kamloops). This is supported by quantitative mineralogy of metallurgical samples determined at SGS (Lakefield) and Anzaplan (Germany)
  10. All figures are rounded to reflect the relative accuracy of the estimates. Summation of individual columns may not add-up due to rounding.
  11. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resource will be converted into Mineral Reserves.
130 Adelaide St. W, Suite 1901
Toronto, ON M5H 3P5
+1 416 364 4938
ir@AvalonAM.com



Inovio Announces FDA Request for Additional Information For Phase III Program; Trial Initiation Delayed

Inovio Pharmaceuticals, Inc. {NASDAQ: INO} has announced that the U.S. Food and Drug Administration (FDA) has placed a clinical hold on its proposed phase III clinical program for VGX-3100.

A clinical hold is a notification issued by the FDA to a trial sponsor to delay a proposed clinical trial or suspend an ongoing clinical trial.

 

 

Inovio Announces FDA Request for Additional Information For Phase III Program; Trial Initiation Delayed
PLYMOUTH MEETING, Pa. – October 24, 2016 – Inovio Pharmaceuticals, Inc. {NASDAQ: INO} today announced that the U.S. Food and Drug Administration (FDA) has placed a clinical hold on its proposed phase III clinical program for VGX-3100.

 

A clinical hold is a notification issued by the FDA to a trial sponsor to delay a proposed clinical trial or suspend an ongoing clinical trial. This study has not yet been initiated and has not enrolled or dosed subjects. Additionally, the hold does not pertain to any of Inovio’s other ongoing clinical studies.

 

Inovio anticipates receiving a formal letter with complete information from the FDA within 30 days.

 

In its initial communication, the FDA has requested additional data to support the shelf-life of the newly designed and manufactured disposable parts of the CELLECTRA® 5PSP immunotherapy delivery device. Inovio is working diligently with the FDA to address its concerns and anticipates that the requested data will be available before the end of this year.

 

Inovio estimates that the start of the phase III clinical program will be delayed until the first half of 2017 pending resolution of the FDA’s requests.

 

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, Drexel University, NIH, HIV Vaccines Trial Network, National Cancer Institute, U.S. Military HIV Research Program, and Laval University.

 

For more information, 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. 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 our ability to obtain a release of the clinical hold from the FDA, 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, 2015, our Form 10-Q for the quarter ended June 30, 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.



Kootenay Silver Announces Initial Drill Results from La Negra Silver Discovery

Kootenay Silver Inc. {TSX.V: KTN} announced results from the first 11 holes of the ongoing 3,400 meter drill program on its La Negra silver discovery in Sonora, Mexico currently being conducted and operated by Pan American Silver Corp.

 

Kootenay Silver Announces Initial Drill Results from La Negra Silver Discovery
}ANCOUVER, Oct. 25, 2016 – Kootenay Silver Inc. {TSX.V: KTN) is pleased to announce results from the first 11 holes of the ongoing 3,400 meter drill program on its La Negra silver discovery in Sonora, Mexico currently being conducted and operated by Pan American Silver Corp. {TSX: PAA}.

 

The current definition drill program on La Negra is part of an option agreement completed in February 2016 between Kootenay and Pan American that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra.

 

A series of deeper infill drill holes from the current program have confirmed the results from previous drilling conducted by Kootenay on La Negra (See Kootenay “High-Grade Results” news release issued on April 30, 2015), as well as the presence of a second breccia zone further to the south, which currently remains open at depth and to the east.

 

Kootenay President and CEO James McDonald states: “We are very pleased with Pan American’s work and the results to date from the first 11 holes of the program. The confirmation of multiple high-grade intercepts of silver mineralization at depth is a significant development and further indicates potential for the silver resources to be amenable to both open pit and underground exploitation. We are also very pleased that based on the encouraging results achieved to date, Pan American is extending the program by a full 2,000 meters until the end of the year.”

 

Drill highlights include:

LN 42-16

returning three high grade intervals within 122.5 meters of 124 gpt silver and 0.15 gpt gold including:
693 gpt silver and 0.39 gpt gold over 6.25 meters;
672 gpt silver and 0.13 gpt gold over 4.65 meters; and
631 gpt silver and 0.18 gpt gold over 3.45 meters.

 

LN 43-16

returning from a new more southerly breccia 720 gpt silver and 0.13 gpt Au over 19 meters within 44.5 meters of 363 gpt silver and 0.12 gpt gold.
Higher in the hole the previously known breccia graded 1,226 gpt silver and 0.28 gpt gold over 6.15 meters within 235 gpt silver and 0.09 gpt gold over 38 meters.
These two holes are from infill drilling and identified a second more southerly breccia. The zone remains open at depth and along strike to the east.
A summary of the infill drilling within the mineralized zone is provided on the company website.
Pan American Silver geologists have increased the understanding of the La Negra breccia. There are three phases of hydrothermal magmatic development (La Negra, Gravilla and Rica breccias) emplaced within the host volcanic agglomerate (andesitic composition) Tarahumara Formation. The breccia has been controlled on a regional east-west structure. Epithermal Ag-Zn-Pb mineralisation has over printed the different phases of brecciation associated with illite and silicification; the mineralogy has currently been described as Ag sulphides (acanthite – tetrahedrite), galena and sphalerite; pyrite occurs as veinlets, matrix fill in breccia and dissemination.

 

QA/QC
Samples were assayed by Inspectorate of Hermosillo, Mexico, using four acid digestion 35 element ICP analytical methods with fire assay for Au and Ag with atomic absorption finish and gravimetric finish, respectively. Pan American has followed a Quality Assurance/Quality Control program comprised of the insertion of blank material and certified standard samples at a frequency of one each for every 20 samples. There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in the table.

 

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 of 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. The Company’s top priorities are the advancement of the La Cigarra silver project and the Promontorio Mineral Belt, in Chihuahua, Mexico and Sonora, Mexico, respectively. The La Cigarra property is 26 kilometers from the historic mining city of Parral and boasts nearby power, good road access, gentle topography, and established infrastructure. La Cigarra currently hosts a resource estimate of 18.54 million tonnes containing 51.47 million ounces of silver in the Measured and Indicated categories grading 86.3 g/t silver and 4.45 million tonnes containing 11.46 million ounces of silver in the Inferred category grading 80 g/t silver. The mineralized system at La Cigarra has been traced over 6.5 kilometers and is defined at surface as a silver soil anomaly and by numerous historic mine workings. The La Cigarra silver deposit is open along strike and at depth and is approximately 25 kilometers north, and along strike, of Grupo Mexico’s Santa Barbara mine and Minera Frisco’s San Francisco del Oro mine. The Promontorio Mineral Belt includes the Company’s La Negra high-grade silver discovery and its Promontorio Silver Resource. The Promontorio Mineral Belt is under option to Pan American Silver whereby they can earn a 75% interest in the project with US$16 million of expenditures and payments with Kootenay retaining a 25% carried to production interest (see news release dated February 16 and March 4, 2016). The Promontorio Silver Resource currently hosts a resource estimate of 44.5 million tonnes containing 92 million ounces of silver equivalent in the Measured and Indicated categories grading 64.3 g/t silver equivalent and 14.6 million tonnes containing 24.3 million ounces of silver equivalent in the Inferred category grading 52 g/t silver equivalent. The Company’s core objective is to create value by acquiring silver resources through discovery and acquisition and testing those resources with the ultimate goal of developing them into silver production if they are proven to be economically viable.

SOURCE Kootenay Silver Inc.



Strongbow Exploration appoints a consultant for the PEA at South Crofty, Cornwall.

Strongbow Exploration Inc. {TSX-V: SBW} announced that it had appointed P & E Mining Consultants to provide a PEA on their South Crofty tin project.

South Crofty is a former producing tin mine located in Cornwall, UK.

 

Strongbow Exploration Inc. (TSX-V: SBW) is pleased to provide the following progress report for its wholly owned South Crofty tin project, Cornwall, UK:

P&E Mining Consultants Inc. engaged to produce a PEA for the South Crofty Tin Project

Strongbow is pleased to announce that P&E Mining Consultants Inc. of Ontario have been engaged to produce a Preliminary Economic Assessment (“PEA”) of the South Crofty tin Project.

The PEA is expected to be completed in Q1, 2017.

P&E Mining Consultants Inc. also produced Strongbow’s Mineral Resource Estimate, prepared in accordance with National Instrument 43-101 (“NI 43-101”) for South Crofty, which was announced on April 19, 2016, and filed on SEDAR (www.sedar.com) June 1, 2016.

A summary of the NI 43-101 Mineral Resource Estimate is presented at the end of this release and can be found at www.strongbowexploration.com

Water Treatment Testing

The Company has retained Siltbuster Ltd, one of the UK’s leading water treatment providers, to conduct water treatment tests at South Crofty. The objective of the testwork is to demonstrate that mine water can be treated to remove suspended solids (iron oxide) and dissolved metals to meet Environment Agency guidelines for discharge. Test work is anticipated to commence in early November, 2016 and continue over a three month period. At the end of the test period the Company will apply to the Environment Agency for a discharge permit to commence dewatering the South Crofty mine.

The goal is to be able to treat and discharge up to 25,000m3 per day, which would allow for the mine to be dewatered over an 18-24 month period.

First Community Meeting held in Camborne

The Company hosted its first community meeting on Monday, October 10 at Camborne College. Approximately 80 people attended, including local councillors and parish councillors. The initial response to the Company’s plans regarding South Crofty was very positive and overwhelmingly supportive. Further community meetings will take place as development at South Crofty progresses.

Richard Williams, President & CEO stated “We have made excellent progress on the ground at South Crofty since completing the acquisition of the project in July this year. Engaging the local community and other stakeholders, and working on a continuous basis with the Environment Agency, the Mineral Planning Authority, and the local council is fundamental to the future success of this project. We look forward to publishing the PEA results and completing the water treatment tests in Q1, 2017.”

About South Crofty

The South Crofty tin project comprises an Underground Mine Permission area that covers 1,490 Hectares, an area which includes twenty six (26) former producing mines. Production records go back to 1592, but full-scale mining activities commenced in the mid 17th century. The mine closed in 1998 as a result of the tin price collapse of 1985 and impending changes to mining laws and liabilities in the late 1990s.

A new Mine Permit was granted in 2013, and is valid until 2071, subject to certain planning consents being discharged.

Strongbow acquired the project from administration in July 2016 (see news release dated July 12, 2016), following the publication of a new NI 43-101 Mineral Resource Estimate (see news releases dated April 19, June 1, and July 20, 2016).
The NI 43-101 Mineral Resource Estimate comprises two zones:

 

  1. A Lower Mine tin-only resource;
    Lower Mine Mineral Resource Estimate at 0.60% Sn Cut-Off
    Tonnes (‘000s) Sn Grade Contained Sn (tonnes)
    Indicated Resource 1,660 1.81% 30,000
    Inferred Resource 738 1.91% 14,100
  1. An Upper Mine polymetallic resource, comprising tin, copper and zinc:
    Upper Mine Mineral Resource Estimate at 0.60% SnEq Cut-off (1-12)
    Tonnes (k) Sn % Cu % Zn % SnEq %
    Indicated Resource 257 0.70 0.79 0.58 0.99
    Inferred Resource 464 0.67 0.62 0.63 0.91

 

Additional detail can be accessed from the NI 43-101 Technical Report on the Company’s SEDAR page or from Strongbow’s website at www.strongbowexploration.com

 

Key notes are provided below:

  1. CIM definitions were followed for Mineral Resources.
  2. The Qualified Persons for this Mineral Resource estimate are: Richard Routledge, M.Sc. (Applied), P.Geo. and Eugene Puritch, P.Eng. of P&E Mining Consultants Inc.
  3. Mineral Resources are estimated by conventional 3D block modelling based on wireframing at a 0.50% SnEq cut-off grade and inverse distance to the power of 3 grade interpolation. The 0.5% Sn/SnEq cut-off for wireframing vs 0.6% Sn/SnEq cut-off for resource reporting is due to a shift to lower Sn prices between the commencement and finalization of this report.
  4. SnEq is calculated using the formula: %SnEq = Sn% + (Cu% x 0.311) + (Zn% x 0.084).
  5. For the purpose of resource estimation, assays were capped at 20% Sn for the Lower Mine and 6% for Sn, 4% for Cu and 20% for Zn for the Upper Mine.
  6. The 0.6% Sn/SnEq resource cut-off grade was derived from the approximate March 31, 2016 two year LME trailing average Sn price of US$8.50/lb, Cu price of US$2.75/lb, and Zn price of US$0.90/lb, 88.5%, 85% and 70% respective process recoveries, smelter payable of 95% and Sn refining charges of US$0.25.lb. Operating costs used were US$55/t mining, US$27/t processing and US$9/t G&A.
  7. Bulk densities of 2.77 tonnes/m3 and 3.00 tonnes/m3 have been applied for volume to tonnes conversion for the Lower and Upper Mine, respectively.
  8. Mineral Resources are estimated from near surface to a depth of approximately 869 m.
  9. Mineral Resources are classified as Indicated and Inferred based on drill hole and channel sample distribution and density, interpreted geologic continuity and quality of data.
  10. The mineral resources have been depleted for past mining, however, they contain portions that may not be recoverable pending a future engineering study.
  11. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no certainty that all or any part of the Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration.
  12. Figures in table are rounded and may not sum exactly.

 

About the Tin Market

Approximately 350,000 tonnes of tin is consumed annually worldwide. Over 50% of the tin is used in high tech electronics, mainly in the form of lead-free solder. Major producers of tin include China, Indonesia, Peru, Bolivia and Myanmar. In 2016, the tin price has increased from a low point of US$13,000 / tonne (US$5.91 / lb) in January to its current level of approximately US$20,000 / tonne (US$9.09 / lb).

 

For information on tin, please visit the International Tin Research Institute website –  https://www.itri.co.uk 

Qualified Person

Richard Williams, P.Geo. (BC), President & CEO of Strongbow and a Qualified Person under NI 43-101, has reviewed and approved the contents of this news release.

For additional information please contact:

Richard Williams

+1 604 638 8005

or email 

rwilliams@strongbowexploration.com.



Neometals Annual Report and AGM details

Neometals {ASX: NMT} have issued their annual report and 2016 AGM details.

The company has enjoyed an exciting and solid last 12 months, and looks poised for further growth.

 

Neometals Annual Report and AGM details links can be found below:

 

The 2016 Annual Report and Notice of Meeting are available for download.

Annual Report:
http://www.neometals.com.au/reports/685-Neometals_AR2016-web.pdf

Notice of Meeting:
http://www.neometals.com.au/reports/684-Noticeof2016AGM300916.pdf



Minera IRL close to relisting

Minera IRL {BVL: MIRL} is close to re-listing in both Canada and Peru, with maybe a London listing to follow later.

The downside for UK based investors is that the initial listing will be on the CSE, or Canadian Securities Exchange, where it’s hard to find a UK broker that trades this exchange, the Canadian equivalent of the ISDX.

 

The Mining Website Lawrieongold.com has announced that they have received an email from Frank O’Kelly confirming that MIRL intend to re-list soon, temporarily on the Canadian Securies Exchange (CSE), until they can resume their main listing on the TSX.V

 

Sadly this will deprive UK shareholders or investors looking to buy the stock of the opportunity to buy on the first day, as there are few if any brokerages trading CSE listed stocks in London. This is a real shame.

 

Generally the CSE is fairly illiquid, like its UK counterpart, the ISDX Exchange.

 

One can only hope there isn’t much trading or a price increase until the stock moves to the TSX.V!



Inovio Pharmaceuticals CEO, Dr. J. Joseph Kim, has been selected as a 2016 Healthcare Innovator

Inovio Pharmaceuticals, Inc. {NASDAQ: INO}, announced that its President and CEO, Dr. J. Joseph Kim, has been selected as a 2016 Healthcare Innovator by a panel of scientific and medical experts convened by the Philadelphia Business Journal.

 

Inovio CEO Selected As 2016 Healthcare Innovator

PLYMOUTH MEETING, Pa. – October 21, 2016 – Inovio Pharmaceuticals, Inc. {NASDAQ: INO}, today announced that its President and Chief Executive Officer, Dr. J. Joseph Kim, has been selected as a 2016 Healthcare Innovator by a panel of scientific and medical experts convened by the Philadelphia Business Journal.

 

The annual award honors the people and companies who are disrupting the healthcare and biotechnology industries and solidifying Greater Philadelphia’s reputation as a center for innovation.

Dr. Kim is a pioneer of DNA-based immunotherapies and vaccines which are designed to attack and prevent cancers and challenging infectious diseases. Inovio has an extensive pipeline of clinical-stage cancer immunotherapies highlighted by VGX-3100, which is entering phase III this year for a cervical precancer; and DNA vaccines in development infectious diseases for Zika, MERS and HIV, among others.

Dr. Kim said, “This award recognizes the committed scientists and engineers moving DNA-based medicine towards commercialization. While we accept this award, the real beneficiaries of our technology are the cancer patients that DNA immunotherapies will heal and the millions of people that DNA vaccines will keep from devastating infections.”

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, 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 Zika vaccine GLS-5700, 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, 2015, our Form 10-Q for the quarter ended June 30, 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.

 



Barkerville Gold hits high grade intersections at Island Mountain phase 1 drilling

Barkerville Gold Mines Ltd. {TSX.V: BGM}  announced the first results from the recently initiated Phase I exploration drilling program on Island Mountain, at the Company’s flagship Cariboo Gold Project.

These are the first drill holes between the old Aurum and Mosquito Creek Mines.

 

Barkerville Gold Intersects 15.15 g/t (0.44 oz/t) Au Over 5.60 Metres Including 32.41 g/t (0.95 oz/t) Au Over 1.55 Metres in Phase I Island Mountain Exploration Drilling

 
October 19th, 2016

VANCOUVER, BC – October 19, 2016 – Barkerville Gold Mines Ltd. {TSX.V: BGM} is pleased to announce the first results from the recently initiated Phase I exploration drilling program on Island Mountain at the Company’s flagship Cariboo Gold Project.

 

The results of these drill holes are presented in Table 2. A drill hole location plan map and longitudinal section are offered at the end of this release.

 

Drilling Highlights:

  • BGM-16-503: 11.62 g/t (0.34 oz/t) Au over 6.20 metres including 16.22 g/t (0.47 oz/t) Au over 3.60 metres
  • BGM-16-506: 10.74 g/t (0.31 oz/t) Au over 4.50 metres including 12.95 g/t (0.38 oz/t) Au over 3.50 metres
  • BGM-16-509: 38.35 g/t (1.12 oz/t) Au over 1.70 metres including 62.10 g/t (1.81 oz/t) Au over 0.50 metres
  • BGM-16-512: 6.05 g/t (0.18 oz/t) Au over 12.60 metres including 11.51 g/t (0.34 oz/t) Au over 4.70 metres
  • BGM-16-514: 192.50 g/t (5.61 oz/t) Au over 2.17 metres
  • BGM-16-517: 15.15 g/t (0.44 oz/t) Au over 5.60 metres including 32.41 g/t (0.95 oz/t) Au over 1.55 metres
  • BGM-16-518: 19.51 g/t (0.57 oz/t) Au over 3.00 metres including 41.10 g/t (1.20 oz/t) Au over 1.00 metres
  • BGM-16-522: 24.64 g/t (0.72 oz/t) Au over 4.00 metres including 35.75 g/t (1.04 oz/t) Au over 2.60 metres

*Note: Reported core lengths represent 50-75% true widths.

 

Island Mountain Phase I Drilling

The recently initiated 20,000 metre Phase I exploratory and stratigraphic drilling program on Island Mountain represents the first major drilling campaign of its kind since it was last explored in 2009. The program is intended to determine the extents of the vein systems that have historically never been developed or explored as well as discovering new occurrences and extensions to the massive sulphide replacement bodies. Past exploration and mining primarily focused on the replacement hosted gold as opposed to the veining due to the higher gold tenor and as such, the extents of the vein sets have never been investigated.

 

As demonstrated by drill hole BGM-16-517, which intersected a previously unidentified vein set grading 15.15 g/t (0.44 oz/t) Au over 5.60 metres including 32.41 g/t (0.95 oz/t) Au over 1.55 metres, the undeveloped veining extends well into the footwall rocks below the replacement bodies. This solitary pierce point occurs 90 metres behind and footwall to the former Aurum Mine workings and is untested in all directions.

 

The deepest intersection to date, BGM-16-522 drilled through another new series of veins grading 12.40 g/t (0.36 oz/t) Au over 1.00 metres and 24.00 g/t (0.70 oz/t) Au over 1.00 metres in an area located 70 metres footwall to the former Aurum Mine at a vertical depth of -400 metres below surface. This same stratigraphic drill hole intersected massive sulphide replacement mineralisation grading 24.64 g/t (0.72 oz/t) Au over 4.00 metres including 35.75 g/t (1.04 oz/t) Au over 2.60 metres in the historically undeveloped area between the former Mosquito Creek and Aurum Mines. The pierce point is a very significant intercept due to the fact that this area is devoid of mine development and has had only sparse exploration drilling for a strike length of 900 metres and a dip potential of 275 metres between the two former mines.

 

The down dip extension of the unmined veining at the former Mosquito Creek Mine was confirmed by BGM-16-514 which intersected 192.50 g/t (5.61 oz/t) Au over 2.17 metres. This new intercept occurs 60 metres below the deepest level of the mine at a vertical depth of -200 metres below surface and is open in all directions.

 

Island Mountain Exploration and Development History

The former Aurum and Island Mountain Mines produced vein and replacement ore from 1934-1967 before being shut down due to depressed gold prices and financial misfortunes. Subsequent to a protracted history of fragmented tenement ownerships and unconnected exploration programs, the former Aurum Mine was developed and brought into production from 1980-1987. As illustrated in Table 1, the high tenor of the massive sulphide replacement mineralisation led to preferential mining of that ore type despite the abundance and awareness of the quartz vein mineralisation. Moreover, underground exploration drilling programs were focused on delineating the massive sulphide bodies with drill hole lengths that averaged only 30 metres from the underground development and as such were not able to outline the vein systems by exploring the host footwall rocks.

 

After 1987, exploration by various operators on the unconsolidated land package was dominated by grassroots programs in the form of mapping, trenching, soil sampling and limited drilling programs in select areas. Disjointed land title amongst the various previous owners inhibited exploration of the complete mine sequence and only 10,000 metres of surface and underground diamond drilling has been performed since 2009 again focusing on the replacement hosted mineralisation.

 

Table 1: Historic production from the Wells area mines.

MINE/AREA VEIN ORE REPLACEMENT ORE TOTAL ORE RECOVERED
PERIOD TONS OZ/TON TONS OZ/TON TONS GRADE OZ/TON AU OZ
CARIBOO GOLD QUARTZ MINE 1933-1959 1,626,699 0.39 55,252 0.6 1,681,951 0.37 626,755
ISLAND MOUNTAIN AND AURUM MINES 1934-1967 761,646 0.35 483,649 0.67 1,245,295 0.46 569,528
MOSQUITO CREEK GOLD MINE 1980-1983 7,969 0.14 78,279 0.45 86,248 0.32 27,384
MOSQUITO CREEK GOLD MINE 1984-1987 – – 16,900 0.44 16,900 0.41 6,897
TOTALS (TONNAGE WEIGHTED GRADE) 2,396,314 0.38 634,080 0.63 3,030,394 0.41 1,230,564

 

 

“This first phase of exploration drilling on Island Mountain, although designed to understand the structural, lithological and alteration controls on the gold mineralisation, has had every drill hole thus far intersect significant occurrences” noted Chris Lodder, President and CEO of Barkerville Gold Mines. “In combination with underground mapping and sampling on Island Mountain, this initial campaign should develop a confident geologic model to guide future resource drilling”.

 

Qualified Persons

Exploration activities at the Cariboo Gold Project are jointly administered on site by the Company’s Project Managers, Maggie Layman, P.Geo. and Wanda Carter, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

 

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by Paul Geddes, P.Geo, Vice President Exploration.

 

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverised. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 5 ppb and upper limit of 10,000 ppb. Samples with gold assays greater than 10,000 ppb are re-analyzed using 50 g fire assay with gravimetric finish, as well as 1,000 g screen metallic fire assay. Samples are also analysed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

 

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

Chris Lodder President & CEO
Suite 400-365 Bay Street
Toronto, Ontario, Canada

 

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 mineralisation.

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.

Table 2: Length weighted gold composites for drillholes BGM-16-503 through BGM-16-522:

HOLE-ID FROM (M) TO (M) CORE LENGTH (M) AU (G/T) AU (OZ/T)
BGM-16-503 73.70 74.25 0.55 84.30 2.46
BGM-16-503 100.00 106.20 6.20 11.62 0.34
INCLUDING 102.60 106.20 3.60 16.22 0.47
INCLUDING 102.60 103.20 0.60 8.81 0.26
AND 103.20 104.00 0.80 40.30 1.18
AND 105.15 106.20 1.05 19.80 0.58
BGM-16-504 117.50 118.35 0.85 3.96 0.12
BGM-16-505 55.10 56.17 1.07 11.90 0.35
BGM-16-505 64.75 65.95 1.20 6.01 0.18
BGM-16-505 68.60 70.00 1.40 0.01 0.00
BGM-16-505 98.25 98.75 0.50 35.40 1.03
BGM-16-505 102.75 103.32 0.57 9.10 0.27
BGM-16-506 75.50 76.50 1.00 12.10 0.35
BGM-16-506 98.75 100.00 1.25 7.81 0.23
BGM-16-506 105.80 106.30 0.50 6.08 0.18
BGM-16-506 109.50 114.00 4.50 10.74 0.31
INCLUDING 110.50 114.00 3.50 12.95 0.38
INCLUDING 110.50 111.50 1.00 14.60 0.43
AND 113.00 114.00 1.00 26.30 0.77
BGM-16-506 140.00 140.50 0.50 14.80 0.43
BGM-16-507 89.00 89.60 0.60 18.10 0.53
BGM-16-507 122.25 123.00 0.75 9.61 0.28
BGM-16-507 134.50 138.60 4.10 5.66 0.16
INCLUDING 135.20 138.00 2.80 7.54 0.22
INCLUDING 135.20 136.00 0.80 9.58 0.28
BGM-16-508 32.10 34.00 1.90 9.16 0.27
INCLUDING 32.10 33.00 0.90 13.60 0.40
BGM-16-508 97.00 97.95 0.95 9.34 0.27
BGM-16-508 116.85 118.40 1.55 5.88 0.17
BGM-16-508 131.50 135.15 3.65 6.49 0.19
INCLUDING 131.50 133.00 1.50 9.34 0.27
BGM-16-509 93.90 95.60 1.70 38.35 1.12
INCLUDING 93.90 94.45 0.55 14.10 0.41
AND 94.45 94.95 0.50 62.10 1.81
AND 94.95 95.60 0.65 40.60 1.18
BGM-16-509 100.60 101.75 1.15 8.51 0.25
BGM-16-509 108.70 111.00 2.30 10.10 0.29
INCLUDING 108.70 109.20 0.50 18.70 0.55
AND 109.20 109.80 0.60 15.60 0.46
BGM-16-509 186.35 189.00 2.65 16.37 0.48
INCLUDING 186.35 186.85 0.50 80.60 2.35
BGM-16-510 46.30 47.10 0.80 8.53 0.25
BGM-16-510 56.55 57.05 0.50 6.80 0.20
BGM-16-510 61.40 62.00 0.60 114.50 3.34
BGM-16-510 314.00 314.50 0.50 7.16 0.21
BGM-16-511 130.50 131.80 1.30 9.63 0.28
BGM-16-511 197.50 198.50 1.00 11.70 0.34
BGM-16-512 107.80 108.50 0.70 27.60 0.81
BGM-16-512 166.20 178.80 12.60 6.05 0.18
INCLUDING 169.30 174.00 4.70 11.51 0.34
INCLUDING 169.30 170.00 0.70 11.55 0.34
AND 171.10 171.90 0.80 37.30 1.09
BGM-16-512 243.00 243.50 0.50 9.31 0.27
BGM-16-513 127.75 128.35 0.60 4.89 0.14
BGM-16-513 242.50 243.30 0.80 7.98 0.23
BGM-16-514 92.00 93.38 1.38 5.64 0.16
BGM-16-514 103.00 104.20 1.20 9.23 0.27
BGM-16-514 232.23 234.40 2.17 192.50 5.61
BGM-16-515 ASSAYS PENDING
BGM-16-516 191.80 193.45 1.65 9.78 0.29
INCLUDING 192.85 193.45 0.60 23.80 0.69
BGM-16-516 289.00 290.00 1.00 4.39 0.13
BGM-16-517 116.50 118.00 1.50 7.97 0.23
BGM-16-517 180.20 181.50 1.30 7.97 0.23
BGM-16-517 184.50 188.00 3.50 9.26 0.27
INCLUDING 184.50 185.00 0.50 9.67 0.28
AND 185.50 186.15 0.65 11.90 0.35
AND 187.00 188.00 1.00 16.85 0.49
BGM-16-517 285.40 286.20 0.80 7.96 0.23
BGM-16-517 291.00 293.15 2.15 11.14 0.33
INCLUDING 291.80 292.50 0.70 23.70 0.69
BGM-16-517 304.50 310.10 5.60 15.15 0.44
INCLUDING 305.25 306.80 1.55 32.41 0.95
INCLUDING 305.25 305.75 0.50 58.20 1.70
AND 305.75 306.25 0.50 26.60 0.78
AND 306.25 306.80 0.55 14.25 0.42
INCLUDING 309.00 310.10 1.10 28.75 0.84
INCLUDING 309.00 309.50 0.50 29.40 0.86
AND 309.50 310.10 0.60 28.20 0.82
BGM-16-518 73.50 76.00 2.50 8.92 0.26
INCLUDING 74.50 76.00 1.50 13.87 0.40
INCLUDING 74.50 75.00 0.50 12.40 0.36
AND 75.00 75.50 0.50 13.85 0.40
AND 75.50 76.00 0.50 15.35 0.45
BGM-16-518 115.20 116.45 1.25 16.90 0.49
INCLUDING 115.20 115.70 0.50 29.70 0.87
AND 115.70 116.45 0.75 8.36 0.24
BGM-16-518 120.00 123.00 3.00 19.51 0.57
INCLUDING 121.50 122.00 0.50 24.90 0.73
AND 122.00 123.00 1.00 41.10 1.20
BGM-16-518 130.70 132.50 1.80 14.75 0.43
INCLUDING 130.70 131.50 0.80 24.30 0.71
AND 132.00 132.50 0.50 12.50 0.36
BGM-16-518 257.90 259.90 2.00 6.75 0.20
INCLUDING 257.90 258.40 0.50 14.30 0.42
BGM-16-519 50.00 51.00 1.00 9.45 0.28
BGM-16-520 219.90 220.80 0.90 5.82 0.17
BGM-16-520 253.85 255.30 1.45 4.46 0.13
BGM-16-521 68.30 70.10 1.80 6.13 0.18
INCLUDING 69.20 70.10 0.90 9.90 0.29
BGM-16-522 319.20 323.20 4.00 24.64 0.72
INCLUDING 319.20 319.70 0.50 11.10 0.32
AND 320.60 323.20 2.60 35.75 1.04
INCLUDING 320.60 322.00 1.40 27.90 0.81
AND 322.00 323.20 1.20 44.90 1.31
BGM-16-522 479.50 480.50 1.00 12.40 0.36
BGM-16-522 488.00 489.00 1.00 24.00 0.70

Notes:

*Core lengths represent 50-75% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. Conversion factor: 1.0 oz/t = 34.2857 g/t. NSA – No Significant Assays.

Table 2: Drillhole Collar Orientations

HOLE-ID AZIMUTH DIP
BGM-16-503 162.000 -46.200
BGM-16-504 180.300 -64.300
BGM-16-505 176.200 -45.300
BGM-16-506 177.400 -63.700
BGM-16-507 183.000 -43.300
BGM-16-508 181.200 -63.000
BGM-16-509 140.000 -46.800
BGM-16-510 140.800 -65.800
BGM-16-511 137.900 -44.800
BGM-16-512 142.200 -64.800
BGM-16-513 139.200 -43.000
BGM-16-514 143.000 -63.000
BGM-16-515 217.800 -45.200
BGM-16-516 218.000 -66.000
BGM-16-517 134.700 -41.900
BGM-16-518 139.900 -64.700
BGM-16-519 140.900 -42.300
BGM-16-520 138.400 -44.000
BGM-16-521 140.900 -64.000
BGM-16-522 138.800 -43.900

View News Release in PDF Format


Tinka Resources arranges a substantial private placement

Tinka Resources {TSX.V: TK} have arranged a brokered private placement for $10 million, at CAD 20c per share,on a best efforts basis.

 

Tinka Resources arranges $10-million placement

 
Dr. Graham Carman reports

 

TINKA ANNOUNCES $10 MILLION BROKERED PRIVATE PLACEMENT

 

Tinka Resources Ltd. {TSX.V: TK} has entered into an agreement with GMP Securities LP, which has agreed to act as agent for and on behalf of the company, on a best-efforts agency basis in connection with a proposed private placement offering of up to 50 million common shares of the company at a price of 20 cents per share for gross proceeds of up to $10-million. All shares to be issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws in Canada.

 

The company plans to use the net proceeds from the offering to finance exploration expenditures at the company’s Ayawilca project in Peru, as well as for general working capital and corporate purposes.

 

The offering is scheduled to close on or about Nov. 1, 2016, or such other date or dates as may be agreed to by the company and the agent, and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

 

Certain insiders of the company may participate in the offering. The company has agreed to pay the agent a cash commission of 6 per cent of the gross proceeds raised under the offering and issue broker warrants equal to 6 per cent of the number of shares sold. Each such broker warrant will entitle the agent to purchase one common share at the issue price for a period of 24 months following the closing of the offering. The agent will not be paid a commission or receive broker warrants in respect of any shares sold to certain investors and those purchasing under the company’s president’s list.

 

About Tinka Resources Limited

 

Tinka is an exploration and development company with projects in Peru. Ayawilca has two separate inferred mineral resource zones of 18.8 million tonnes at 8.2 per cent zinc equivalent, and 5.4 million tonnes at 0.89 per cent tin equivalent, both open for expansion (news release of May 25, 2016). The Colquipucro silver deposit, located two kilometres north of the zinc zone, has indicated mineral resources of 2.9 million tonnes at 112 g/t Ag for 10.4 million ounces Ag and inferred mineral resources of 2.2 million tonnes at 105 g/t Ag for 7.5 million ounces Ag in higher-grade lenses within a lower-grade resource envelope of 7.4 million tonnes at 60 g/t Ag for 14.3 million ounces Ag (indicated) and 8.5 million tonnes at 48 g/t Ag for 13.2 million ounces Ag (inferred) (news release of Feb. 26, 2015).

 

Dr. Graham Carman, Tinka’s president and chief executive officer, is a qualified person as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure contained in this press release.

 

We seek Safe Harbor.



Strongbow CEO Williams featured in online interview

Strongbow Exporation {TSX.V: SBW} CEO Richard Williams details the strategy of their company in an online blog interview.

Richard Williams of Strongbow Exploration explains their strategy.

 

To view the video interview please click HERE

or

Pas the following link into a browser window – http://ow.ly/j85T305lFtl



Orko Silver management return with OK2 Minerals

OK2 Minerals {TSX,V: OK} is a new company, and is being run  by some of the former management of Orko Silver, a successful silver exploration company that was sold to Coeur d’Alene Mines Corporation {TSX: CDM} in 2013.

 

OK2 MInerals have a new copper gold project in British Colombia, Canada.

 

They have cheekily used their old epic of ‘OK’, which was the symbol for their former company, Orko Silver.

 

To view their website please click HERE

or copy and paste this URL:

http://www.ok2minerals.com

 



Lawrence Williams (Lawrie on Gold) taken ill

Lawrence Williams, the highly respected and popular principal of “Lawrie on Gold” has sadly suffered a stroke, and is currently recovering in hospital.

We all wish Lawrie a full and speedy recovery, and hope to see you back on your feet soon.

 

Lawrence Williams is highly liked and respected amongst the London Precious metal investment community, and a person I like to converse with whenever I have the chance.

 

A former editor of Mineweb, he now runs his Lawrieongold website.

 

I met him a couple of weeks ago on Moorgate, and he said he had felt unwell but was recovering.

 

We can only hope that Lawrie makes a full recovery as quickly as possible.

 

 



Strongbow Exploration mentioned in FT article on mining in Cornwall

Strongbow Exploration {TSX.V: SBW} has been mentioned in an FT article featuring the return of mining in Cornwall.

Companies mentioned included both Strongbow, Strategic Minerals, and current struggling tungsten producer Wolf Mining.

 

The full FT article can be accessed here:

 

To read the full article please CLICK HERE

 

or paste this link into a browser

https://www.ft.com/content/8ea36608-9168-11e6-8df8-d3778b55a923



POET Technologies and Luxmux Technology Enter into Supply Agreement and Strategic Partnership

POET Technologies Inc. {TSX.V: PTK},  announced a long–term agreement to supply superluminescent diode (SLED) products to Luxmux Technology Corp., a Canada-based company and developer of “miniaturized photonics solutions” that enable next-generation light sensing systems.

 

POET Technologies and Luxmux Technology Enter into Supply Agreement and Strategic Partnership

 
Date Announced: 12 Oct 2016

 

Leverages DenseLight Superluminescent Diodes for Photonic Sensing Market.

 
SAN JOSE, Calif., Oct. 12, 2016 – POET Technologies Inc. {TSX.V: PTK}, a developer of opto-electronics fabrication processes for the semiconductor industry, today announced a long–term agreement to supply superluminescent diode (SLED) products to Luxmux Technology Corporation (“Luxmux”), a Canada-based company and developer of “miniaturized photonics solutions” that enable next-generation light sensing systems.

 

POET Technologies, through its wholly owned subsidiary DenseLight Semiconductors, will design and manufacture multiple wavelength SLED sets for Luxmux to integrate into products that are used across a number of photonic applications. These products will benefit from significant system-level advantages including compact size, accuracy and stability to provide best-in-class price performance.

 

The agreement is structured as a strategic partnership to ensure the seamless integration of devices into Luxmux’s Broad Spectrum Tunable Superluminescent Diode (BeST-SLEDTM) butterfly package. This strategic partnership is expected to enable unique capabilities in the exacting and demanding fields of bio-medical applications, energy, material characterization, metrology, optical device characterization and remote sensing.

 

POET’s Chief Executive Officer Suresh Venkatesan commented, “We are pleased to be partnering with Luxmux, a leader in innovative photonic and optic technologies, to leverage our unique superluminescent diodes for use in their leading photonic products. This collaboration also provides both companies with expanded future opportunities to develop and commercialize additional integrated SLED optoelectronic technologies.”

 

Luxmux’s President and CEO Yonathan Dattner stated, “Engaging with POET Technologies as a supplier and strategic partner is an important milestone for Luxmux, as it increases our capabilities in the photonics market. We researched several suppliers and selected the Denselight SLED because of its unparalleled quality and performance. We are excited by the opportunities afforded by this collaboration as well as the technologies this partnership will enable us to bring to the market.”

 

As part of the confidentiality clause of the agreement, POET is prohibited from disclosing specifics regarding the supply order or scope of the partnership.

 

Source: POET Technologies

 

 

www.poet-technologies.com