Inovio Pharmaceuticals, Inc. {NASDAQ: INO}  announced strategic leadership appointments to support the advancement of its portfolio of DNA-based cancer immunotherapies and infectious disease vaccines.

Inovio Expands Executive Team to Advance its DNA Immunotherapy Product Portfolio

 
PLYMOUTH MEETING, Pa. – October 12, 2016 – Inovio Pharmaceuticals, Inc. {NASDAQ: INO } today announced strategic leadership appointments to support the advancement of its portfolio of DNA-based cancer immunotherapies and infectious disease vaccines.

Inovio has an extensive pipeline of clinical-stage cancer immunotherapies highlighted by VGX-3100, which is entering phase III this year; and DNA vaccines in development for Zika, MERS and HIV, among others.

Inovio adds two oncologists and a plasmid manufacturing expert reporting to Inovio’s Chief Medical Officer, Dr. Mark Bagarazzi:

• Dr. Ildiko Csiki will serve Inovio as Vice President, Clinical Development, Oncology, responsible for advancing Inovio’s cancer programs. Prior to joining Inovio, Dr. Csiki had been clinical lead and senior director of clinical research at Merck & Co. where she guided Merck’s global solid tumor development program and was lead for several registration studies. Dr. Csiki also served as GSK’s director of clinical development and lead physician for the follicular lymphoma program. Dr. Csiki earned her MD and PhD degrees from Vanderbilt University School of Medicine and her BS in Biology and BA in Psychology from the University of Arkansas.

• Dr. Jeffrey Skolnik, Vice President, Clinical Development, Oncology, will also direct Inovio’s cancer immunotherapy programs. Dr. Skolnik was previously vice president of clinical research at TetraLogic Pharmaceuticals, where he oversaw all global clinical assets. He also served as a medical director at GSK and AstraZeneca. Dr. Skolnik earned his MD at New York University, with honors in pathology, and his undergraduate degree from the University of Pennsylvania.

• Robert J. Juba Jr. has been promoted to Vice President, Biological Manufacturing and Clinical Supply Management, and is responsible for ensuring the provision of Inovio’s SynCon® plasmid DNA therapeutic and prophylactic vaccine candidates for clinical use. He has 22 years of experience in the pharmaceutical industry managing cGMP processes and operations, with extensive technical expertise in bacterial vaccine manufacturing. He led plasmid manufacturing at VGXI, Inc. and held several positions at Merck in bulk vaccine manufacturing operations and strategy. He holds Masters and BS degrees in Chemical Engineering from the Massachusetts Institute of Technology.

Inovio has also bolstered its manufacturing and business development functions with two additional staff reporting to Dr. Niranjan Sardesai, Inovio’s Chief Operating Officer:

• Daniel Jordan will serve as Inovio’s Vice President, Device Manufacturing Operations. Previously he was vice president of U.S. and Canadian operations at Verisk Analytics, a 3M company. He has over 25 years of medical device manufacturing operations experience in early growth to mature organizations. Most recently he served as executive director of global operations at Teleflex Medical, a diversified medical device manufacturer. He earned an MBA in Finance from Weber University and a BS in Business Management at San Diego State University.

• Dr. Paul Stead, Inovio’s Vice President, Business Development, will lead business development and partnering activities. He was vice president, business development at Nimbus Therapeutics, a company developing novel treatments for metabolic and immunological diseases, and oncology. For more than 20 years he served GSK in roles of increasing responsibility including business development, competitive intelligence and discovery chemistry. He holds an MBA from Lehigh University, a PhD in pharmaceutical sciences from the University of Nottingham, and a BS in Pharmacy from the University of Bath.

Dr. J. Joseph Kim, Inovio’s President & CEO, said, “We welcome these talented and experienced technical and business leaders to Inovio as we work to bring new breakthrough cancer medicines and vaccines to patients. It is gratifying that Inovio’s corporate culture, validated platform, and important product pipeline are attracting such accomplished executives to help us execute our product development and commercialization strategy.”

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 the company website at www.inovio.com

CONTACT:
Bernie Hertel

+1 858-410-3101

bhertel@inovio.com

Cartier Resources Inc. {TSX.V: ECR}  announced that it will commence drilling on the eastern bloc of the Chimo Mine property, situated 45 km east of Val-d’Or.

VAL-D’OR, QUEBEC – 10/11/16 — Cartier Resources Inc. {TSX.V: ECR}  is pleased to announce that it will commence drilling on the eastern bloc of the Chimo Mine property, situated 45 km east of Val-d’Or.

The programme’s objective is to explore, near surface, two target areas as defined by the eastern extension of the 5 M zone.

The Chimo Mine produced 379,012 ounces of gold (Source: MRNF, DV 85-05 to 97-01) of which two thirds were extracted from the 5 M zone. Drilling of the eastern extension of this zone, just before mine closure, discovered two new zones with characteristics similar to the 5 M zone such as; smoky and white quartz veining with visible gold, hosted within disseminated gold mineralisation in sheared basaltic flows altered to chlorite, biotite and graphite zones.

The best results from previous drilling from the 5M zone in the East Block area include:

3.3 g/t Au over 12.8 m including 6.8 g/t Au over 1.0 m
2.4 g/t Au over 13.6 m including 7.4 g/t Au over 1.3 m
6.1 g/t Au over 3.4 m including 13.1 g/t Au over 1.4 m
0.9 g/t Au over 20.8 m including 5.0 g/t Au over 1.1 m

The length of the samples is expressed as the lengths along the core. True thickness is not yet estimated.

“New gold bearing intersections in the eastern extension of the 5 M zone would add significant potential to the current value of the project ” commented Philippe Cloutier, President and CEO.

Quality Assurance / Quality Control

The scientific and/or technical information presented in this press release has been reviewed and approved by Mr. Gaetan Lavalliere, P. Geo., Ph. D., and Vice President for Cartier. Mr. Lavalliere 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:
Philippe Cloutier, P.Geo. President and CEO
+1 819 856-0512

Tinka Resources {TSX.V: TK} have finally confirmed they are proceeding with a CAD $10 million financing at 20c per share.

This was an open secret, only the price of the financing was in doubt, and 20c seems fair,  given the recent trading. In the current market $10 million is a brave target, let’s see if they get it all away.

Tinka Resources confirm $10 million financing

VANCOUVER, Oct. 11, 2016 – Tinka Resources {TSX.V: TK} is pleased to announce that it has entered into an agreement with GMP Securities L.P. (the “Agent”), who 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 50,000,000 common shares (collectively the “Shares”) of the Company at a price of C$0.20 per Share (the “Issue Price”) for gross proceeds of up to C$10 million (the “Offering”).

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 fund 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 November 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% of the gross proceeds raised under the Offering and issue broker warrants equal to 6% 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.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Inovio Pharmaceuticals {NASDAQ: INO} today announced that its Zika vaccine in development has been named a 2016 Technology Breakthrough by the editors of Popular Mechanics magazine, the leading technology voice in the U.S. with millions of readers.

Inovio’s Zika Vaccine Selected As 2016 Technology Breakthrough

Popular Mechanics magazine calls Inovio’s Zika prevention a completely new form of vaccination that may be the fastest vaccine ever to come to market

PLYMOUTH MEETING, Pa., – Inovio Pharmaceuticals {NASDAQ: INO} today announced that its Zika vaccine in development has been named a 2016 Technology Breakthrough by the editors of Popular Mechanics magazine, the leading technology voice in the U.S. with millions of readers.

Inovio has advanced its DNA-based Zika vaccine into two trials in the U.S., Canada and Puerto Rico.

Inovio expects to have results before the end of this year for its U.S. study. In addition, the CDC estimates Zika will infect more than 25% of the Puerto Rican population by year end, providing the potential for Inovio’s Zika vaccine and this study’s placebo control design to provide exploratory signals of vaccine efficacy. The company expects to meet with regulators next year to determine the most efficient path forward to develop its Zika vaccine and help mitigate this widespread Zika outbreak that has now expanded into the continental United States.

In selecting Inovio’s Zika vaccine as a 2016 breakthrough technology the magazine cited: “Inovio Pharmaceuticals, the drug company behind what looks to become the fastest vaccine ever to come to market, may be able to halt such a (Zika) spread before it gets out of control. The company shocked the medical world in June by announcing that its Zika vaccine had already received FDA approval for human clinical trials, just nine months after the race to prevent Zika began. If all goes well, its shot will be available to the public as soon as early 2018.”

Dr. J. Joseph Kim, Inovio’s President & CEO, said, “This award recognises the Inovio scientists and engineers who have advanced Inovio’s Zika vaccine into two human studies. Inovio was the first to manufacture a Zika vaccine, the first to begin human trials and we expect to have the first human trials data late this year.”

Inovio is developing its Zika vaccine, GLS-5700, with GeneOne Life Science, Inc. (KSE: 011000) and academic collaborators from the US and Canada who are also working to advance Inovio’s Ebola and MERS vaccines through clinical development.

There are no approved vaccines or therapies for Zika virus infection. While multiple companies and academic groups have announced development plans for Zika virus vaccines, only Inovio and a US government research center have started human clinical studies.
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 go to  www.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, 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.

CONTACT:
Bernie Hertel
+1 858 410 3101
bhertel@inovio.com

Radisson Mining {TSX.V: RDS} have published a new image showing the quality of their neighbours in the Cadillac Trend, Quebec.

They say the best place to find a gold mine is beside another gold mine, Radisson are beside quite a few gold mines!

To see the image of the Cadillac Trend, Quebec, please click or paste the link below.

To see the image, please click HERE

http://radissonmining.com/en/cadillac_mining_camp

Neometals’ {ASX: NMT} deal with Chinese lithium giant Ganfeng has been fundamentally misunderstood according to mining analyst Chris Ecclestone.

Ecclestone opines that 14% of a producing and profitable mine is better than a larger percentage of a cash strapped development project going nowhere, and rightly so in my opinion.

To read the full article and appreciate the unrealised potential of the company, click or paste the link below:

To read the full article please CLICK HERE

http://investorintel.com/technology-metals-intel/triple-dipping-at-neometals/

Kootenay Silver Inc. {TSX.V: KTN} and Theia Resources {TSX.V: THH} announced new surface sampling results, which indicates potential for the discovery of high grade gold and silver on the Two Times Fred project located in British Columbia.

Kootenay Silver and Theia Resources Announce Results of Surface Sampling Program at Two Times Fred Property, BC

VANCOUVER, Oct. 5, 2016 Kootenay Silver Inc. {TSX.V: KTN} and Theia Resources {TSX.V: THH} are pleased to announce new surface sampling which indicates potential for the discovery of high grade gold and silver on the Two Times Fred project located in British Columbia, Canada.

A limited follow up sampling of exposures of new epithermal veins along strike of the Saki and Gold Hill veins has returned some very encouraging numbers from grab samples. Sample results grade up to 11.4 gpt gold with 39 gpt silver and 12.7 gpt gold with 139 gpt silver. There were 54 samples collected in total, 40 samples were collected from the veins excluding the high-grade values the average value was 202 ppb gold and 4.2 ppm silver.

The highest grades encountered to date indicate that the 3 by 1.4 kilometre epithermal vein system has potential for the discovery of high grade gold and silver. High grade results from 2016 grab samples were returned from sub-cropping quartz veins within a 100 by 50 metre area of argillic and pyritic host rocks located approximately 750 metres north of the area drill tested in 2015. These new samples may represent the edge of a higher grade shoot within the larger vein system. To view a map follow the link: Two Times Fred sampling and vein system.

Assay results from surface sampling across the entire vein system have returned consistently anomalous values for gold and silver indicating a strong mineralising system. Vein textures, petrographic work, and newly discovered exposures interpreted as sinter, indicate that the system is exposed at very high levels. Based on this interpretation deeper drilling will be required to find high-grade zones within the system. Further exploration this fall will include additional mapping and sampling to further define the vein systems at surface and evaluate under explored portions of the property. A drill program is currently being designed to test the system along its 3 kilometre strike.

The Two Times Fred property covers showings discovered by Kootenay in 2011. Trenching and drilling by Theia and Kootenay in 2014 and 2015 respectively (see January 25, 2016 news release) confirmed that surface gold and silver bearing outcrops of low-sulphidation epithermal quartz were related to a series of steeply dipping vein systems which occur along a 3 kilometre long north-northeast trending inferred graben or half-graben structure that is approximately 1.4 kilometre wide.

Individual veins within the system can be traced for 300 to 500 meters in outcrop and vary in true width from 1 meter to over 30 meters. Drilling conducted in 2015, focused on the Saki and Gold Hill Veins which were shown to vary from about 7 to 30 metres true width. Highlights from the drill program included 3.2 gpt gold and 46.48 gpt silver over 1.9 meters and 1.69 gpt gold and 29 gpt silver over 7.6 meters. The longest intercept was 0.37 gpt gold and 7.2 gpt silver over 67 meters.
Corporate Matters
Kootenay also announces that in connection with its acquisition of Northair Silver Corp. , which completed on April 21, 2016, as a condition to the completion of the Acquisition, certain employees and consultants of Northair entered into agreements with Kootenay and agreed to waive the severance payments due to them on completion of the Acquisition in consideration for new arrangements with Kootenay, which included reduced cash severance payments and the issuance to them of common shares of Kootenay.

Accordingly, pursuant to the terms of the aforementioned agreements, Kootenay has agreed to issue an aggregate of 337,228 common shares at a deemed price of $0.40 per common share to such former Northair employees and consultants. An aggregate of 88,543 of these shares are being issued to a former officer of Northair, who upon completion of the Acquisition was appointed as a director of Kootenay and is accordingly an insider of Kootenay.

Additionally, Kootenay has agreed to issue 100,000 common shares at a deemed price of $0.40 per share in settlement of amounts owing to an arm’s length third party under the terms of a grubstake agreement related to the Jumping Josephine property, which was subsequently sold to Orex Minerals Inc.

All share issuances outlined above are subject to approval by the TSX Venture Exchange, and on issuance such shares are subject to a four month hold period commencing from the date of issuance. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any State Securities Laws and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.
Qualified Persons
The 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 and Theia 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 kilometres 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 kilometres 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 kilometres 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 releases 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 & 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.
About Theia Resources Ltd.
Theia Resources Ltd. is an exploration company focused on precious metals deposits located in politically stable jurisdictions. The company intends to leverage management’s network and experience within the exploration and finance sector to maximize shareholder value.

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

Forward Looking Information

The information in this news release has been prepared as at October 4, 2016. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay’s expectations or any change in events, conditions or circumstances on which any such statement is based.

The Price of Gold has again fallen, as speculation increases that the US FED will increase interest rates at their next meeting.

Gold fell to $1,255.20 per ounce, as unemployment numbers and other economic indicators suggest a rate hike is likely.

Radisson Mining Resources Inc. {TSX.V: RDS}  announced the start of a 10,000 m drill program at their O’Brien gold project, located along the Abitibi gold Belt, halfway between the Laronde and Lapa mines, owned by Agnico-Eagle Ltd

RADISSON INITIATES A 10,000 METRE DRILLING PROGRAM AT THE O’BRIEN GOLD PROJECT

Rouyn-Noranda, Quebec, October 5, 2016: Radisson Mining Resources Inc. {TSX.V: RDS}  announces the start of a 10,000 m drill program at their O’Brien gold project located along the Abitibi gold Belt halfway between Laronde and Lapa mines owned by Agnico-Eagle Ltd.

In the last days, a drill rig commenced exploration and infill drilling at the O’Brien project. Principal focus of this drilling program is to increase existing resources of 36E and Kewagama areas . More than 90 drilling targets have been identified in extension of ore shoots and following results obtained in this area in 2016 (See August 24 2016 press release), the company will continue to focus on drill targets with strong potential of increasing inferred resources and located between surface and a depth of 500 metre.

President & CEO of Radisson Mining Resources, Mario Bouchard adds: “With more than $ 2.7 Million in treasury we are in a position to accelerate the exploration of the O’Brien project. Hence, Radisson will realise the actual drilling program alongside the review of historical drilling within the Pontiac Group sedimentary rocks and compilation and digitisation of a unique geological database with the objective of updating the resource estimate 2017”.

All drill holes are oriented South-North, hence a particular focus will be given to drill core crossing through the Pontiac Group sedimentary rocks before reaching their target. The Pontiac Group sedimentary rocks are located south of current resource area and many visible gold intersections were obtained within this package during phase I drilling program of winter 2016 (See April 20 2016 press release).

Review of historical drilling within the Pontiac Group sedimentary rocks

Alongside with drilling program underway, the company started to relog approximately 15,000 metre of unassayed and unreviewed core from historical drilling crossing the Pontiac Group sedimentary rocks completed by its predecessors. This review is done with purpose of increasing geological knowledge of the O’Brien property and to define new gold mineralisation in the Pontiac Group sedimentary rocks.

Historical data compilation and digitization

Radisson is pursuing historical data compilation of more than 90 years of work at the O’Brien project. This exclusive data represents more than 60,000 metre of drilling in 2,125 drill holes. In 2014-2015, 620 drill holes were compiled to publish a resource estimate in April 2015.

Actual geological team is working to validate and integrate all historical data into a new and uniform numeric database. In parallel with drilling program underway and the review of historical drilling within the Pontiac Group sedimentary rocks, this compilation will allow the company to increase its geological knowledge of the property, help establish the genesis of gold setting and finalise a new complete interpretation throughout the O’Brien project. This work will be the base of a resource estimate update in 2017.

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).
Twitter : @RDSMining

Barkerville Gold Mines {TSX.V: BGM} has released its preliminary results from the continuing regional exploration program and is providing an update on exploration activities at the company’s flagship Cariboo gold project.

Barkerville has identified a 60 kilometer long gold bearing structural break.

Barkerville Gold samples up to 1,335 g/t Au at Cariboo

2016-10-04 06:07 PT – News Release
Mr. Chris Lodder reports

BARKERVILLE IDENTIFIES 60 KILOMETER LONG GOLD BEARING STRUCTURAL BREAK COINCIDENT WITH NEWLY DEFINED REGIONAL SOIL ANOMALIES AND PROVIDES EXPLORATION UPDATE

Barkerville Gold Mines {TSX.V: BGM} has released its preliminary results from the continuing regional exploration program and is providing an update on exploration activities at the company’s flagship Cariboo gold project.

Barkerville has identified a 60 kilometer long gold bearing structural break.

Highlights:

Surface grab samples include 1,335 grams per tonne gold and 199 grams per tonne silver, channel samples include 98.5 grams per tonne Au and 479 grams per tonne Ag over two metres (1);
Gold-bearing Cariboo break now established over 60-kilometre strike length;
131 new gold anomalies defined by systematic soils and rock sampling over 43 kilometres of break;
Additional drill rig to be mobilized to Cariboo gold project.
(1) Grab samples are selected samples and, as such, may not be representative.

2016 regional exploration program update

The continuing regional reconnaissance program initiated in May, 2016, has delineated a previously unknown 25-kilometre-long corridor of multistation and multiline auriferous soil anomalies beginning at the newly acquired Williams Creek property and trending southwest along strike to the past-producing Cariboo-Hudson mine. Defined by both the recently acquired geophysical and geochemical data, the width of the mineralized corridors ranges between 150 metres and 500 metres, which is consistent with the mineralized envelopes on the Island, Cow and Barkerville mountains.

To date, 131 new regional targets have been generated by the 2016 program over 43 kilometers of the Cariboo break. The 2016 regional grassroots exploration program was intended to begin assessment of the larger scale potential of the Cariboo belt through a combination of systematic grid-based C-horizon soil sampling, geological mapping and prospecting, augmented by the regional airborne geophysical data. This systematic form of exploration is planned over another two field seasons to cover the prospective tenements package. Reconnaissance rock sampling of historical showings along the break has confirmed the high gold tenor of the area as outlined in the attached table.

2016 REGIONAL CHANNEL AND GRAB SAMPLE RESULTS GRADING
GREATER THAN 10 G/T GOLD FROM HISTORICAL SHOWINGS

Sample ID Sample type Au (g/t) Ag (g/t) Channel length (metres)

G000988 Channel 98.50 479.00 1.00
G000499 Channel 71.50 161.00 1.00
G000986 Channel 53.10 282.00 1.00
G000908 Channel 22.80 74.20 2.00
G000989 Channel 22.40 5.48 1.00
G000983 Channel 18.35 11.40 0.20
G000934 Channel 18.20 11.50 0.15
G000984 Channel 16.55 3.40 0.30
G000936 Channel 16.05 55.60 2.00
G000981 Channel 15.60 4.48 1.80
G000932 Channel 14.35 2.97 2.00
G000982 Channel 11.15 57.70 2.20
G000211 Channel 28.50 416.00 2.00
G000944 Grab 1,335.00 199.00 N/A
G000943 Grab 22.40 9.73 N/A
G000914 Grab 16.80 2.04 N/A

Grab samples are selected samples and, as such, may not be
representative. Channel sample lengths represent 50 per cent to 90 per
cent true widths.

The new Cariboo break

The company’s recently acquired, proprietary high-resolution magnetics and electromagnetics survey collected over the entirety of the extensive 2,119-square-kilometre Cariboo gold project, combined with field mapping and sampling, has now conclusively determined the existence and location of the newly named Cariboo break which has been traced for more than 60 kilometres.

The break is interpreted as a major deep-seated shear which appears to have focused gold mineralisation along its length. The Cariboo break is manifested as a well-constrained magnetic depression coincident with the auriferous soil anomalies generated from the 2016 regional exploration program, and also the mine trend on the Island, Cow and Barkerville mountains. Historic regional geological mapping and data compilations crudely indicated the existence of the Cariboo break, but poor outcrop exposure throughout the area precluded an irrefutable, empirical interpretation of its occurrence until now.

Continuing regional work

A mechanical stripping program has been initiated to expose additional outcrop on regional targets as preparatory work for a first phase of regional diamond drilling. Detailed geological mapping and grid-based channel sampling will also be performed to gain additional understanding of the extents and geological controls on the gold mineralisation. Permitting of a phase I regional drilling program is under way.

KL zone and Williams Creek drill mobilisation

With the acquisition of Williams Creek Gold Ltd. now complete, the company will be mobilising a fourth drill rig to Barkerville Mountain to begin drill testing the eastward strike extension of the KL zone on 100-metre drill centres. The KL zone is an occurrence of auriferous quartz veining geologically analogous to the vein mineralisation that occurs on the Island and Cow mountains. This area was identified previously by a marked, auriferous soil anomaly and was subsequently exposed by mechanical stripping in 2012, which, when uncovered, revealed an undrilled swarm of sulphide-bearing quartz veins. The first pass of 2015 phase I drilling outlined the horizon over a strike length of 60 metres and to a vertical depth of 120 metres, and remains untested along strike and at depth. New and historic soil data define a very prominent gold, silver and bismuth anomaly that extends eastward for 830 metres starting at the KL zone onto the former Williams Creek property.

Phase I Island Mountain drilling

Three drill rigs are currently operating on Island Mountain as part of the 20,000-metre phase I exploratory drilling campaign. The 2016 phase I program is designed to determine the controls and extent of the vein systems, as well as test the downplunge extensions of the replacement bodies in areas that have never been drilled. Drill hole assay results will be made public once available.

Chris Lodder, president and CEO of Barkerville, states: “The majority of historical exploration and development in the Cariboo gold camp was principally focused on the six-kilometer mine trend encompassing Island, Cow and Barkerville mountains, which discontinuously from 1933 to 1987 produced 1.3 million ounces of lode gold. Despite an abundance of other small-scale past producers and gold occurrences located up to 30 kilometers along strike of these mines, fragmented land positions were prohibitive to any large-scale, methodical greenfields exploration programs that would allow full assessment of the area’s larger gold potential. The regional work to date is extremely positive and outlines the potential for significant extensions to known mineralization both southeast and northwest of the Island Mountain to Bonanza Ledge zone of present exploration drilling. These are exciting times for both Barkerville and shareholders as we rank and drill each of these new targets over the next few years.”

Qualified persons

As per National Instrument 43-101, standards of disclosure for mineral projects, Paul Geddes, PGeo, vice-president of 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 (Canadian Institute of Mining, Metallurgy and Petroleum) best practices guidelines in conducting, documenting and reporting its exploration activities on the Cariboo gold project.

Quality assurance — quality control (QAQC)

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, B.C. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control 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, PGeo, of Analytical Solutions Ltd., and is overseen by Mr. Geddes, PGeo, vice-president of exploration.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, B.C., 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 are pulverized. Analysis for gold is by 50-gram fire assay fusion with atomic absorption finish with a lower limit of five parts per billion and upper limit of 10,000 parts per billion. Samples with gold assays greater than 10,000 parts per billion are reanalyzed using 50-gram fire assay with gravimetric finish, as well as 1,000-gram screen metallic fire assay. Samples are also analyzed using a 48 multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma-atomic emission spectroscopy and inductively coupled plasma-mass spectroscopy.

Dynasty Gold {TSX.V: DYG} has started new gold target delineation work  on their 100-per-cent-owned Golden Repeat property, located 16 kilometers west of the historic Midas mine,  owned by Klondex Gold Mines Ltd. in the prolific Midas gold camp, Elko county, Nevada.

Dynasty Gold starts work at Golden Repeat property

2016-10-03 09:11 ET – News Release

DYNASTY GOLD COMMENCES WORK ON GOLDEN REPEAT PROPERTY IN ELKO COUNTY, NEVADA

Ms. Ivy Chong reports

New gold target delineation work has begun on Dynasty Gold Corp.’s 100-per-cent-owned Golden Repeat property. Located 16 kilometers west of the historic Midas mine, which is owned by Klondex Gold Mines Ltd. in the prolific Midas gold camp in Elko county, Nevada.

The Golden Repeat property is part of the Northern Nevada Rifts volcanic province. The property is bordered to the north, east and south by the Clover property, which is owned by Carlin Resources, a subsidiary of Waterton Global Mining, based in Toronto. The property is easily accessible by Interstate 80, and the Twin Creeks and Midas Mine roads, which lie 13 kilometers southeast of Newmont’s giant Twin Creeks gold mine.

The property was first drilled by Romarco Minerals in 1997 to 1998. Subsequently, Dynasty Gold completed a follow-up exploration and drill program in 2011 to test the Midas-style low sulphidation gold-silver mineralization found in the adjacent Clover property. Some of the best intercepts on the Clover property included 14.78 grams per tonne gold and 25.28 grams per tonne silver over 7.6 metres , including 54 grams per tonne gold and 27.9 grams per tonne of silver over 1.52 metres in hole CV006. Hole CV 12 intersected 20.17 grams per tonne gold over 3.05 metres.

Romarco’s drill holes tested the projected extension northward of the north-northwest-trending Clover Fault zone, which is interpreted to have fed gold-silver mineralization found to the south on the Clover property. Several intercepts of gold-silver mineralization were found in the Romarco drill holes, including 2.41 grams per tonne gold and 12.6 grams per tonne silver over 1.5 metres in hole GR-05c at 25 metres to 26.5 metres from the surface. These data indicated that the Clover Fault zone of mineralisation continues north onto the Golden Repeat property.

Dynasty’s holes were drilled to test the mineralisation outcropping to the east of the Clover Fault zone. All three holes successfully intercepted gold-silver mineralisation of a style similar to that found on the Clover property. Dynasty’s third hole (DG-3) also intersected 3.4 grams per tonne gold and 44.6 grams per tonne silver over 1.7 metres. This interval was part of a thicker zone of altered and mineralised basalt that averaged 1.14 grams per tonne gold and nine grams per tonne silver over 12.2 metres at a depth of 130 metres. The other two holes also encountered sections of alteration and pyritic mineralisation (please refer to news release of Nov. 22, 2011). The results from the Dynasty’s drill holes further demonstrated the extension of the Clover Fault zone mineralization northward on to the property.

The geologic mapping and sampling program under way is designed to document the extension of the fault zones northward from the Clover property boundary, through the Golden Repeat property and along the Clover veins trend. This is to delineate new drill targets to test the high-grade Midas-style gold-silver mineralisation found on the Clover property.

The company’s consultant geologist, Richard R. Redfern, MSc, certified professional geologist and a qualified person for the purposes on National Instrument 43-101, standards of disclosure for mineral properties, has verified and approved the information contained in this news release, and evaluated the interpretations it contains.

We seek Safe Harbor.

Kootenay Silver {TSX.V: KTN} Chairman Ken Berry has become CEO and President of Northern Vertex Mining.

Berry retains his current position as chairman of Kootenay Silver.

To read the full article please CLICK HERE

Strongbow Exploration, listed on the TSX Venture Exchange has confirmed plans to list on the London Stock Exchange.

With a Cornish based tin project this makes good sense, due to local interest in the project, and easier financing options in London.

Neometals Ltd {ASX: NMT} and Mineral Resources Limited {ASX: MIN}  announced the signing of a Memorandum of Understanding (MOU) to further progress the development of a downstream lithium chemical plant in the Eastern Goldfields of Western Australia.

30 September 2016
Partners eye downstream lithium processing for Kalgoorlie

Neometals Ltd {ASX: NMT} and Mineral Resources Limited {ASX: MIN} are pleased to announce the signing of a Memorandum of Understanding (MOU) to further progress the development of a downstream lithium chemical plant in the Eastern Goldfields of Western Australia.

Under the plan, the partners would use lithium concentrate from their jointly‐owned Mt Marion Project to produce a battery‐quality, lithium hydroxide product suitable for direct sales to the Lithium Ion battery industry for use in production of battery cathodes.

Having a plant located near the Mt Marion operation is expected to provide significant operational and logistical cost benefits while there would be widespread Goldfields and State economic benefits through the secondary processing of raw materials to develop high‐value products.

Mineral Resources subsidiary Process Minerals International Pty Ltd (PMI) and Neometals Limited (collectively the JV Partners) own 43.1% and 13.8% respectively of RIM, the owner of the Mt Marion Lithium Project, and have the ability under offtake arrangements with RIM to collectively purchase 51% of total spodumene production from Mt Marion from around 2020.

The remaining 49% of spodumene production from that time has already been committed for purchase by 43.1%‐RIM shareholder Ganfeng Lithium Co. Ltd .

Ganfeng is obligated to purchase 100% of production from RIM in the interim.
Under the MOU, the JV Partners have agreed to jointly assess the technical and commercial feasibility of the construction and operation of a plant with nameplate capacity of 20,000 – 25,000 tpa of lithium carbonate equivalent production, utilising the conventional sulphate/caustic soda process used by leading Chinese lithium converters (including Ganfeng).  The proposed process route will eliminate the
need for pilot testing as Ganfeng will be processing Run‐of‐Mine concentrates at commercial scale from the December Quarter 2016.

The commercialisation program of the JV Partners patented ELi process will continue separately from arrangements under this MOU with primary focus on its application to traditional salar brines rather than spodumene/hard rock supply sources.

Key activities under the MoU will include:
– Front end engineering and design (FEED)
– Site selection and acquisition
– Negotiation of reagent supplies (gas, sulphuric acid, caustic soda)
– Assessment of environmental and regulatory approvals
Initial work streams under the MOU will commence immediately, with a Final Investment Decision expected by Q3 of 2017.

Neometals Managing Director, Chris Reed, commented that a lithium chemical plant located in the Eastern Goldfields would bring huge benefits to both the Mt Marion Project, the local Goldfields community and State of Western Australia: “ With the transition of Mt Marion to production we are now confident that a downstream lithium processing plant located nearby to Mt Marion will deliver superior economic outcomes for the JV Partners with the added benefit of bring new employment opportunities to the Goldfields.”

ENDS

Cartier Resources Inc. {TSX.V: ECR} provided an update of work on its Wilson property, situated 15 kilometres east of Lebel-sur-Quevillon.

The compilation work and validation of all historical exploration data have confirmed the high-grade gold values of the project.

Cartier Resources drilled up to 164.5 g/t Au at Wilson

 
Mr. Philippe Cloutier reports

CARTIER RESOURCES INC.: GOLD TARGETS ON WILSON PROJECT

Cartier Resources Inc. {TSX.V: ECR} has provided an update of work on its Wilson property, situated 15 kilometres east of Lebel-sur-Quevillon.

The compilation work and validation of all historical exploration data have confirmed the high-grade gold values of the project. Interpretation of the data also led to targeting, in the centre of the property, of a high gold potential area on which to focus the first phases of work.

This area, host of the Toussaint deposit and Midrim showing, is outlined over a distance of 1,000 metres by geophysical anomalies as well as drilling on a 50 m grid and on average to a depth of 75 m.

Best gold results — Toussaint deposit

Channel sampling:

• 21.3 grams per tonne Au over 5.0 m including 90.6 g/t Au over 1.0 m;
  15.3 g/t Au over 4.0 m including 47.3 g/t Au over 1.0 m;
  13.4 g/t Au over 3.0 m including 24.2 g/t Au over 1.0 m.

Drilling:

• 1.5 g/t Au over 67.0 m including 30.1 g/t Au over 1.0 m;
  33.2 g/t Au over 3.0 m including 164.5 g/t Au over 0.6 m;
  2.0 g/t Au over 41.4 m including 11.7 g/t Au over 5.2 m;
  20.2 g/t Au over 2.6 m including 32.2 g/t Au over 1.1 m;
  10.5 g/t Au over 4.8 m including 34.3 g/t Au over 0.8 m;
  6.3 g/t Au over 7.0 m including 32.3 g/t Au over 1.0 m.

Midrim showing

Drilling:

• 64.6 g/t Au over 0.4 m;
  5.8 g/t Au over 4.1 m;
  6.3 g/t Au over 2.0 m.

The length of the samples is expressed as the lengths of the channel and core. True thickness is not yet estimated.

Within this area of high gold potential, line cutting was recently completed and a 35 km OreVision (Deep IP) survey will commence late October in order to locate anomalies and continuity of the mineralization below the current limit of 75 m depth. The survey will test the Toussaint-Midrim gold bearing area to a depth of 450 m. A diamond drill program will follow in order to explore the anomalous zones below the deposit and showings as well as any anomalies identified outside the current sector of interest.

“Our recent works suggest that the Toussaint deposit and Midrim showing gold mineralization is still open laterally and at depth. To date, of all the know gold mineralization on the project, the Toussaint-Midrim area offers the most obvious potential and exploration upside for discovering additional mineralized zones,” commented Philippe Cloutier, President and CEO.

Quality assurance/quality control

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

Zenyatta Ventures {TSX.V: ZEN} has commenced a two-part metallurgical program designed to provide data for the start of a prefeasibility phase on its Albany graphite project located in Northern Ontario.

The program will be carried out at SGS Canada Inc. in Lakefield, Ontario.

Zenyatta begins 2-part metallurgical program at Albany

 
Mr. Aubrey Eveleigh reports

 
ZENYATTA COMMENCES TWO-PART METALLURGICAL PROGRAM AT SGS DESIGNED TO PROVIDE DATA FOR THE ALBANY GRAPHITE DEPOSIT PRE-FEASIBILITY STUDY
Zenyatta Ventures {TSX.V: ZEN} has commenced a two-part metallurgical program designed to provide data for the start of a pre-feasibility phase on its Albany graphite project located in Northern Ontario. The program will be carried out at SGS Canada Inc. in Lakefield, Ont., under the supervision of Zenyatta’s project manager James Jordan, PEng.

 
Part 1 — production of larger market samples

The first part of the metallurgical test work is designed to produce larger market samples of high-purity graphite, which will permit continued graphite and graphene application validation by potential end-user partners, academic institutions and third party testing facilities under the general market and business development program. The market sample is being prepared from concentrate produced during flotation pilot plant testing completed in 2014.

It is anticipated that approximately 50 kilograms of high-purity graphite material will be produced using the caustic bake/leach method previously employed to produce high-purity market samples. Approximately 10 tonnes of drill core were processed and were representative of the mineralised zones defined in the July 9, 2015, preliminary economic assessment. Test work on small market samples completed to date has successfully confirmed the Albany graphite to have a very good crystal structure (hexagonal) with a very desirable purity and particle size for various applications such as lithium-ion batteries, fuel cells, powder metallurgy and graphene production.

Aubrey Eveleigh, President and CEO, stated: “Production of high-purity graphite market samples is essential in order to create and develop relationships with end-users during the product qualification and testing process. This phase of the metallurgical program is currently in progress and is anticipated to be completed in the fall of 2016.”

 
Part 2 — optimisation and pilot scale test work

The second part of the metallurgical test work will focus on optimization of flowsheet parameters, followed by a pilot-scale simulation of a commercial process designed for the pre-feasibility study. This program will be a continuation of metallurgical testing completed for the preliminary economic assessment. Zenyatta has shipped approximately six tonnes of composite coarse reject material (from drill core) to SGS for this pilot plant testing. The composite material was taken from 19 drill holes from the East pipe and 23 drill holes from the West pipe of the Albany graphite deposit. This optimization and pilot program will be continuing for the next several months and completed in early 2017.

Mr. Eveleigh further stated: “Optimisation of a process flowsheet is a common exercise in mineral development and especially so for a specialty industrial mineral product from a unique graphite deposit like Albany. We are continuing to develop a distinctive commercial process for Zenyatta’s hydrothermal-style graphite deposit. Once ready, the complete process flowsheet and associated engineering data will then be fed into the pre-feasibility study.”

Mr. Eveleigh, PGeo, 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.

About Zenyatta Ventures Ltd.

Zenyatta is developing the Albany graphite deposit situated in North eastern Ontario. The company has completed a July 9, 2015, preliminary economic assessment which indicates an open-pit mine life of 22 years (excludes underground and open at depth), producing 30,000 tonnes of purified graphite per annum.

Avalon Advanced MAterials {TSX: AVL} announced the completion of a positive Preliminary Economic Assessment  for its 100% owned Separation Rapids Lithium Project , Kenora, Ontario.

The PEA was prepared under the oversight of Micon International Ltd.

September 27, 2016

Toronto, ON – Avalon Advanced Materials Inc. {TSX: AVL} is pleased to announce the completion of a positive Preliminary Economic Assessment (“PEA”) for its 100% owned Separation Rapids Lithium Project , Kenora, Ontario. The PEA was prepared under the oversight of Micon International Ltd.

The Separation Rapids Lithium Deposit (the “Deposit”) was originally evaluated by Avalon in 1997-2000 as a potential producer of lithium minerals for glass-ceramics under a pre-feasibility study (which was also prepared by Micon). The purpose of this 2016 PEA was to investigate the potential for recovery of a lithium product suitable for the battery market from the same lithium resource, and the results confirm a technically viable process and positive economics for the recovery of a battery-grade lithium hydroxide product.

Highlights

• An average mining rate (open pit) of 950,000 tonnes per year would yield an average annual production of 14,600 tonnes of lithium hydroxide for 10 years and 100,000 tonnes per year of feldspar mineral concentrate for 20 years, as it would continue to be recovered from previously processed material for an additional 10 years after the initial 10 year mine life.
• The discounted cash flow (“DCF”) analysis yields a 19% internal rate of return (“IRR”) on a pre-tax basis and a 16% IRR on an after-tax basis, assuming 100% equity financing. The Project’s net present value (“NPV”) at an 8% discount rate is CAD$343 million pre-tax and CAD$228 million after-tax.
• Total Project construction capital costs are estimated at $514 million, which is inclusive of $86 million in contingencies and $7 million in sustaining capital.
• The average lithium hydroxide price assumption used for this PEA was US$11,000/tonne and the CAD:USD exchange rate assumption was US$1.00 = CDN$1.30.
• Measured and Indicated Mineral Resources, as currently delineated, total 8.0 million tonnes averaging 1.29% lithium oxide and 38% feldspar. Inferred Mineral Resources contribute an additional 1.63 million tonnes at 1.42% lithium oxide to a maximum vertical depth of 260 metres. The deposit is open to depth and along strike.

At the production rate modelled for this PEA, the currently delineated lithium resource would support lithium production for at least 10 years. There is sufficient high quality feldspar (an industrial mineral) in the resource to support production for at least 20 years. 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.

Don Bubar, President and CEO, stated “I am delighted with the results of this PEA indicating that production of a high purity lithium battery chemical from Separation Rapids is indeed economically viable in this model. Extraction of lithium chemicals such as lithium hydroxide from lithium pegmatites like Separation Rapids is an emerging business requiring innovative new process technology. Under the leadership of SVP Metallurgy and Technology Development, Dave Marsh, over the past 12 months we have successfully developed a new process flowsheet to extract a lithium hydroxide product from the rare high purity lithium mineral petalite, something that had not been done before. We look forward to working with our partners in government, the battery materials sector and the local community to advance this Project to the demonstration plant stage.”
The PEA development model covers all aspects of project development, including mining, mineral concentration, and hydrometallurgical processing as well as all related infrastructure. Micon developed its capital and operating cost estimates from first principle capital quotations, estimates from suppliers, manufacturers, contractors and experience based on comparable operations in Canada and abroad. The capital and operating cost estimates were completed to a level consistent with an AACEI Class 4 estimate, with an intended level of accuracy of ±30%, based on Q3 2016 prices, excluding escalation. Currency is Canadian dollars unless otherwise stated.

Optimisation Opportunities and Next Steps

With the completion of a positive PEA on lithium hydroxide production, next steps are oriented primarily toward gathering all the technical information needed to support the completion of a feasibility study in 2017 and secure customer acceptance of the products, followed by operation of a demonstration scale production facility.

Commercial operations could begin by 2020. The key factors going forward influencing the timely execution of the Project are: securing sufficient product offtake commitments to support Project financing; the availability of sufficient equity and/or debt financing and receipt of all requisite operating permits and approvals.

Avalon’s first priority will be to carry out additional drilling with the objective of increasing the resources, while continuing to optimize metallurgical processes to confirm design parameters and product properties. While the economics contained in the PEA are positive, ongoing metallurgical process development work and market research have identified opportunities to improve the overall Project economics or reduce Project risk. These include:

• Recovery of lithium from other lithium-bearing minerals in the resource;
• Defining a low-cost, clean energy solution for the operations;
• Improvements in lithium recovery rates in the flotation process and in the hydrometallurgical plant while maintaining high product quality;
• Expansion of feldspar markets through product research and market development work;
• The recovery of high purity silica and tantalum by-products; and
• Integrating the production of petalite concentrate for glass-ceramics customers into the development model.

The development model presently contemplates connection to the hydro-electric grid near the Whitedog power generation station at a cost of $11 million, including construction of a 25 km power transmission line and substation. The Company has begun to investigate the potential to meet the power needs for the mine and concentrator (estimated at 5 MW) using local low-cost, run-of-river power generation supplemented by renewable energy delivered by an independent energy company. An initial reconnaissance study has identified a promising site close to the Deposit capable of meeting most of the operation’s energy requirements at a lower total cost.

Lithium and Feldspar Markets

Lithium Compounds for Batteries

The demand for lithium chemicals, such as lithium carbonate and lithium hydroxide, has been growing rapidly over recent years, driven predominantly by lithium ion rechargeable battery technology now in high demand for the electric vehicle marketplace and other energy storage applications. Current projections indicate continued growth in lithium demand from the battery sector for the foreseeable future. Because lithium is marketed in different forms, (including lithium minerals used in glass and ceramics) aggregate lithium demand and supply is usually expressed in terms of lithium carbonate equivalent (“LCE”).

Market studies completed by the Company in 2015 indicated that at least three different lithium chemicals are used in lithium ion batteries, depending on the specific cathode chemistry the technology employs: lithium carbonate, lithium hydroxide, and lithium metal. There are at least four battery cathode chemistries presently competing for market share: Lithium cobalt oxide, lithium-nickel-aluminum-cobalt oxide (“NAC”), lithium-nickel-manganese-cobalt oxide and lithium iron phosphate. The lithium ion battery now preferred by many electric vehicle manufacturers uses the NAC chemistry, for which lithium hydroxide is becoming the preferred lithium chemical feedstock. Demand for lithium hydroxide is projected by Stormcrow Capital Ltd (August, 2015) to grow at a faster rate than lithium carbonate demand and to more than double from 82,000 tonnes LCE in 2016 to 186,000 tonnes LCE in 2025.

Based on these market observations, Avalon selected lithium hydroxide as its target lithium product and conducted process testwork to create a flowsheet to produce it cost effectively from its lithium mineral (petalite) concentrate which contains few impurities requiring removal from the final product. Lithium hydroxide can also be produced directly from the mineral concentrate without first making an intermediate product such as lithium carbonate. New hydrometallurgical technologies offer an environmentally efficient and relatively low cost extractive alternative to make lithium hydroxide from the mineral concentrate and achieve the high purity requirements now demanded by battery makers.

It is clear that new lithium supply sources will be needed to meet the growing demand for batteries for electric vehicles. The Separation Rapids Lithium Project will be well-situated to serve new battery production facilities contemplated in North America. Just one well-known example, the lithium battery Gigafactory of Tesla Motors Inc. in Nevada, is expected to consume up to 25,000 tonnes per year of lithium hydroxide after it has reached full production.

Prices for both lithium hydroxide and lithium carbonate have increased significantly in recent years, with the growing demand from the battery sector exceeding supply growth. This is creating upward pressure on prices, a trend that analysts are predicting will likely continue until the market comes back into balance. Lithium hydroxide typically sells at a US$2-3/kg premium to lithium carbonate reflecting higher average production costs.

Avalon has reviewed all publicly available lithium price forecasts. While they all forecast increasing prices, there is considerable variability in absolute price levels predicted for battery grade lithium chemicals in the future. Lithium hydroxide prices negotiated in 2019-2020 (when Avalon may be entering the market) are forecast to range from current price levels of around US$11,000/tonne to as high as US$25,000/tonne (Global Lithium LLC) with the average being around US$16,000-$17,000/tonne (Benchmark and Global Lithium LLC).

For the purposes of this PEA, Avalon has used a price assumption of US$11,000 per tonne FOB plant for lithium hydroxide. This is consistent with a recent price forecast for the period 2019-2020 prepared by Roskill Information Services.

Feldspar

Feldspar is an industrial mineral used commonly in the manufacture of glass and ceramics, also used as a filler and extender in the production of paints, plastics and rubber. The glass market for feldspar in the United States represents the largest market at around 68%, while ceramics account for 23% and filler and other applications represent less than 10%. Market access depends upon product quality and freight costs to individual markets.

Global Industry Analysts Inc. (“GIAI”) projects that between 2015 and 2022, feldspar demand in the United States will grow at a compound annual growth rate of 3.8% to reach approximately 800,000 tonnes per year.

Testwork carried out by Dorfner Anzaplan GmbH, Germany, a specialist in industrial minerals process development, indicates that feldspar from the Separation Rapids Deposit has a very low iron content and comparable quality to the feldspars marketed by other North American producers.

Through discussions with market participants and industry experts, and evaluation of data provided in purchased reports and publicly available information, Avalon estimates that 100,000 tonnes per year of feldspar can be sold into the glass, ceramics, frits/glazes and filler markets in the United States and potentially other markets in Europe and Mexico. However, Avalon has sufficient feed material to produce much greater quantities of feldspar should there be sufficient market demand.

Pricing for feldspar in the USA currently ranges from US$175/tonne to US$250/tonne FOB plant. Avalon has based the feldspar revenue calculations for this PEA on a conservative price assumption of US$170/tonne FOB Separation Rapids plant.

Mineral Resources

Mineral Resources are essentially the same as used for the 1999 pre-feasibility study, adapted to current resource reporting guidelines under NI 43-101 and are summarized in the tables below. Measured and Indicated Resources are estimated to total 8.0 million tonnes at a grade of 1.29% Li₂O using a 0.6% Li₂O cut-off grade. In addition, the Deposit includes an estimated Inferred Resource of 1.63 million tonnes at 1.42% Li₂O. Within the same rock volume, there is also an estimated Inferred Resource of 8.0 million tonnes averaging 38% feldspar at a 30% feldspar cut-off grade.

The Deposit is hosted within a large, highly-evolved pegmatite body of a rare petalite sub-type, similar to the “Tanco” pegmatite: a rare metals producer located 60 km to the west at Bernic Lake, Manitoba. The Separation Rapids pegmatite forms a vertically-dipping body varying in thickness up 70 metres and traceable for approximately 1.5 km along strike. Unlike the Tanco pegmatite, it is highly deformed and was essentially flattened and stretched into its present sub-vertical orientation. The Deposit exhibits typical mineralogical zoning characteristics seen in other highly evolved rare metal pegmatites like Tanco, such as well-developed wall zones and a petalite-rich intermediate zone. Exploration potential exists to discover additional mineralogical sub-zones typical for such pegmatites enriched in other rare metals, notably tantalum and cesium. The Deposit has been delineated by exploration drilling over 500 metres of strike length to a depth of 260 metres, and is open for expansion.

The primary lithium bearing minerals in the deposit are petalite and lepidolite and locally spodumene formed from petalite. The feldspars include both albite and potassium feldspar. The other major rock-forming minerals are quartz and muscovite. Accessory minerals include columbite-tantalite, cassiterite, apatite and topaz. Results from 69 historic diamond drill holes totalling 10,152 metres were used to create a 3-D model of the host pegmatite.
       
Separation Rapids, Mineral Resource Estimate at 0.6% Li₂O Cut-off Grade

Separation Rapids, Feldspar Inferred Mineral Resource Estimate at 30% total Feldspar Cut-off grade

The model includes lithium resources with an average grade of below 1% Li₂O. The lower grade lithium mineralization consists of a swarm of narrow lithium-bearing pegmatite dykes intruded into meta-volcanic rocks, where tests indicate the resource can be pre-concentrated using optical sorting technology.

The resource block model has had an open pit mine design applied to it using Whittle Pit optimization resulting in 9.34 million tonnes of mineralized material at an average grade of 1.22% Li₂O within the pit. The pit has a strip ratio of 1:5.6, resulting in 52 million tonnes of waste rock for stockpiling for use as aggregate. For the purpose of this PEA, the mine depth was limited to 260 metres.

The mine design has not been optimized and the appropriate timing to transition the operation to underground mining has yet to be determined. Further drilling is expected to identify additional resources at depth which would create the opportunity to ultimately re-work the development model to include an underground mining operation to access the depth extensions of the Deposit and reduce the amount of rock generated for stockpiling.

Summary of the PEA Project Development Model

The PEA Project development model consists of facilities located at two separate sites: an open pit mine and concentrator located on the Company’s mining lease approximately 75 km north of Kenora, Ontario and a hydrometallurgical plant located at an industrial site near the city of Kenora.

The current development model contemplates an open pit mine to a final depth of 260 metres providing 950,000 tonnes of mineralized plant feed per year for 10 years at an average diluted grade of 1.2% Li₂O. The mineralized plant feed will be crushed and processed at a concentrator constructed at the mine site. At full production the concentrator will produce an average of 144,400 tonnes per year of petalite concentrate and 100,000 tonnes per year of feldspar concentrate. The petalite will be transported by truck to the proposed hydrometallurgical plant presently contemplated for Kenora.

The hydrometallurgical plant site selected for the purposes of the PEA is in close proximity to sources of hydropower, natural gas and water needed for the processing of the petalite. The hydrometallurgical plant would have the capacity to produce an average of 14,600 tonnes per year of lithium hydroxide. The lithium hydroxide will be bagged at the hydrometallurgical plant and loaded on to rail cars for shipment to market.

Non lithium-bearing rock produced in the mining operation will be stored at site for potential recovery of other industrial minerals or use as aggregate in the surrounding region. Tailings from both the concentrator and the hydrometallurgical plant will be stored in a tailings management facility located at the mine site. Future engineering, procurement and construction of both the concentrator and the hydrometallurgical plant will proceed in parallel.

Environmental Assessment and Community Engagement Update

Avalon is committed to developing the Project based on modern Corporate Social Responsibility (“CSR”) principles and reporting on its performance in its annual Sustainability Reports. These CSR principles include commitments to minimize environmental impacts, ensuring the health and safety of employees, maximizing benefits for local communities and providing full transparency in its social and environmental performance. The Company and the Project are well known in the local community.

A detailed environmental baseline study was updated in 2007 and work has been ongoing to further update this study to align it with recent regulatory changes. Following some additional baseline work to validate the 2007 study, a detailed project description and Environmental Impact Assessment will be produced in consultation with regulators, Indigenous Peoples and other communities of interest. Initial studies suggest that aggregate stockpiles, tailing and concentrate storage areas will not contribute effluents of environmental concern. Dry stacking of tailing and concentrates will minimize long term storage risk, water use and effluent quantity.

The Project is located in the traditional land use area of the Wabaseemoong Independent Nations (“WIN”) for which they have stewardship under an agreement with the Province. The Company first signed an MOU with WIN in 1999 which was renewed when the Project was re-activated in 2013. Avalon management has been keeping WIN leadership informed on Project activities and remains committed to fulfilling its community consultation obligations and partnering with WIN on Project business opportunities. The Company has also initiated dialogue with the Métis Nation of Ontario who hold Aboriginal rights in the area.

Qualified Persons

The PEA was prepared with contributions from the following Avalon independent consultants and “Qualified Persons” for the purposes of National Instrument 43-101, who have reviewed and approved this release.

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.

Barkerville Gold Mines (TSX.V: BGM)  announced the final results from the recently completed Phase I exploration and category conversion drilling program on Cow Mountain at the Company’s flagship Cariboo Gold Project.

One drill intersected 14.59 gpt over 10 metres, a significant result.

Condor Gold {AIM: CNR} presented its unaudited interim financial report for the 6 month period to 30th June 2016.

Highlights included a PFS and two PEA’s

Condor Gold PLC Announces Its Results for the Six Months Ended 30 June 2016

LONDON, UNITED KINGDOM – Sept. 26, 2016.
Condor Gold {AIM: CNR} presented its unaudited interim financial report for the 6 month period to 30th June 2016.

Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEAs) on La India Project in Nicaragua in December 2014. Whittle Consulting Limited produced a mining optimisation study in January 2016, which produced an average NPV US$196million and average IRR of 30% across four production scenarios.

Production ranges from 101,000 oz gold per annum from a single open pit to 165,000 oz gold per annum once feeder pits and underground production is included. Condor has applied to permit a base case with a processing plant of 2,800 tonnes per day capable of producing 100,000 oz gold per annum for the first 5 years of production from a single open pit.

 
Highlights to June 2016

Whittle Consulting mining optimization study showed an average NPV US$196million and average IRR of 30% across 4 production scenarios on La India Project.
Production ranges from 91,000 oz gold per annum from a single open pit to 165,000 oz gold per annum once feeder pits and underground production is included.
Recovered gold ranges from 796,000 oz gold to 1.437million oz gold over life of mine
£2.818 million raised by way of a private placement of new ordinary shares in May 2016, lead by Ross Beaty, a well known Canadian mining entrepreneur.
242 km² soil survey commenced in June 2016 over remainder of 313 km² La India Project aimed at demonstrating a District Play.
Successfully renegotiated terms for the final payments for the purchase of the Espinito-Mendoza Concession at the heart of La India Project. Allows conversion of a Soviet classified resource on the Mestiza Vein Set of 2,392kt at 10.21g/t gold for 785,684 oz gold to western standards. The Mestiza Vein Set is excluded from the PFS and PEAs.
Ministry of Environment has confirmed an Environmental Impact Assessment for a 2,800tpd processing plant with capacity to produce approximately 100,000 oz gold per annum has passed a technical review.

 
Post Period Highlights

Rock chip of 53.8 g/t gold at the Los Limones prospect and geological mapping has identify a quartz vein of 500 m strike length. Los Limones prospect is at the northern end of the 12.5 km “Los Limones-Andrea” mineralised corridor, identified by Condor’s geological mapping, soil surveys, rock chip sampling, trenching, geophysics and structural interpretations. It highlights a potential new discovery on La India Project some 9 km north of the main La India open pit.

 
Mark Child, Chairman and Chief Executive of Condor Gold, commented: “I am delighted to announce these results. Condor Gold is making good progress in de risking its La India project and we are very pleased that the Ministry of Environment in Nicaragua has confirmed an Environmental Impact Assessment for our proposed processing plant with the capacity to produce 100,000 oz gold per annum has passed a technical review. The extensive soil sampling program, rock chip sampling and geological mapping continues to yield positive results, enhancing our interpretation of the geology and demonstrating the potential for a substantial gold District at La India Project. The Board of Condor Gold continues to use its best endeavours to maximise value for its shareholders.”

 
A copy of the Company’s unaudited Interim Report for the six months ended 30th June 2016 iso available on the Company’s website, www.condorgold.com

Minera IRL {BVP: MIRL} have confirmed their participation at the forthcoming Association of Mining Analysts South American Mining presentation, on Tuesday 27th September at the Royal School of Mines, London. UK.

Minera IRL and Harvest Minerals to present in London

Minera IRL {BVP: MIRL} have confirmed their participation at the forthcoming Association of Mining Analysts South American Mining presentation, on Tuesday 27th September at the Royal School of Mines, London. UK.

They will be accompanies by AIM success story Harvest Minerals, focused on Potash in Brazil.

A synopsis of both presentations will be available on this website.