Scorpio Gold releases further drill results from Bluelite

Scorpio Gold Corporation (TSX-V: SGN} Continued their series of news releases from their Mineral Ridge property in Nevada.

This time the drill results are from the Bluelite Satellite.

Vancouver, July 20, 2015 – Scorpio Gold Corporation (TSX-V: SGN} reports additional results from the 2015 expansion drilling program at the Bluelite satellite deposit target area at its 70% owned Mineral Ridge project, located in Nevada.

The 2015 expansion program at Bluelite includes infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base for the deposit and potentially extend life of mine.

All of the holes presented in Table 1 are step-out exploration holes drilled southeast of currently defined resources for the Bluelite deposit. Drilling continues to delineate mineralization that has now been outlined over a 300 meter wide band of semi-continuous mineralization extending southeast of the Bluelite deposit along the NW Brodie trend toward the Brodie deposit. Management believes that results received to date from the 2015 drilling program will potentially allow for defining a new resource in this area.

Pre-production development work at the Bluelite deposit is in progress with open pit production scheduled in Q3 2015.

Highlights from this latest phase of exploration drilling  at the Bluelite deposit include:

  • MR151450: 2.03 grams per tonne (“g/t”) gold over 6.10 meters
  • MR151511: 1.47 g/t gold over 7.62 meters
  • MR151512: 1.20 g/t gold over 13.72 meters
  • MR151517: 2.42 g/t gold over 15.24 meters
  • MR151518: 3.91 g/t gold over 6.10 meters
  • MR151520: 4.96 g/t gold over 7.62 meters
  • MR151535: 4.18 g/t gold over 9.14 meters
  • MR151538: 7.82 g/t gold over 3.05 meters

 

Table 1. Bluelite Deposit Target Area – Significant Drill Results

Hole
No.
Azm
(deg)
Dip
(deg)
From
(ft)
To
(ft)
Width
(ft)
From
(m)
To
(m)
Width
(m)
Gold
(OPT)
Gold
(g/t)
MR151443 0 -90 85 90 5 25.91 27.43 1.52 0.022 0.75
175 180 5 53.34 54.86 1.52 0.071 2.43
345 350 5 105.16 106.68 1.52 0.035 1.20
430 440 10 131.06 134.11 3.05 0.024 0.81
MR151444 270 -75 60 70 10 18.29 21.34 3.05 0.017 0.57
285 315 30 86.87 96.01 9.14 0.016 0.53
340 345 5 103.63 105.16 1.52 0.015 0.51
MR151446 0 -90 155 160 5 47.24 48.77 1.52 0.017 0.58
200 205 5 60.96 62.48 1.52 0.019 0.65
240 245 5 73.15 74.68 1.52 0.017 0.58
260 265 5 79.25 80.77 1.52 0.059 2.02
370 375 5 112.78 114.30 1.52 0.021 0.72
455 460 5 138.68 140.21 1.52 0.019 0.65
MR151447 270 -70 160 170 10 48.77 51.82 3.05 0.018 0.60
195 200 5 59.44 60.96 1.52 0.047 1.61
225 230 5 68.58 70.10 1.52 0.068 2.33
250 255 5 76.20 77.72 1.52 0.029 0.99
300 330 30 91.44 100.58 9.14 0.015 0.52
345 350 5 105.16 106.68 1.52 0.016 0.55
MR151448 0 -90 155 160 5 47.24 48.77 1.52 0.053 1.82
175 185 10 53.34 56.39 3.05 0.018 0.60
330 340 10 100.58 103.63 3.05 0.044 1.49
375 380 5 114.30 115.82 1.52 0.019 0.65
MR151449 90 -75 135 140 5 41.15 42.67 1.52 0.023 0.79
165 170 5 50.29 51.82 1.52 0.042 1.44
235 245 10 71.63 74.68 3.05 0.027 0.91
255 260 5 77.72 79.25 1.52 0.027 0.93
290 295 5 88.39 89.92 1.52 0.020 0.69
305 310 5 92.96 94.49 1.52 0.017 0.58
435 440 5 132.59 134.11 1.52 0.072 2.47
MR151450 270 -70 125 130 5 38.10 39.62 1.52 0.050 1.71
150 165 15 45.72 50.29 4.57 0.019 0.66
205 225 20 62.48 68.58 6.10 0.059 2.03
265 270 5 80.77 82.30 1.52 0.022 0.75
385 390 5 117.35 118.87 1.52 0.022 0.75
MR151511 0 -90 70 95 25 21.34 28.96 7.62 0.043 1.47
185 195 10 56.39 59.44 3.05 0.024 0.82
MR151512 0 -90 80 85 5 24.38 25.91 1.52 0.037 1.27
125 130 5 38.10 39.62 1.52 0.016 0.55
135 140 5 41.15 42.67 1.52 0.021 0.72
155 190 35 47.24 57.91 10.67 0.023 0.79
240 285 45 73.15 86.87 13.72 0.035 1.20
MR151513 0 -90 115 120 5 35.05 36.58 1.52 0.021 0.72
130 135 5 39.62 41.15 1.52 0.053 1.82
235 240 5 71.63 73.15 1.52 0.024 0.82
270 280 10 82.30 85.34 3.05 0.020 0.67
325 335 10 99.06 102.11 3.05 0.017 0.58
345 350 5 105.16 106.68 1.52 0.022 0.75
MR151514 0 -90 55 60 5 16.76 18.29 1.52 0.015 0.51
95 105 10 28.96 32.00 3.05 0.029 0.99
130 135 5 39.62 41.15 1.52 0.015 0.51
160 165 5 48.77 50.29 1.52 0.024 0.82
245 260 15 74.68 79.25 4.57 0.033 1.14
365 400 35 111.25 121.92 10.67 0.027 0.92
MR151515 0 -90 295 300 5 89.92 91.44 1.52 0.015 0.51
MR151516 0 -90 285 290 5 86.87 88.39 1.52 0.015 0.51
340 345 5 103.63 105.16 1.52 0.018 0.62
MR151517 0 -90 270 275 5 82.30 83.82 1.52 0.484 16.59
360 370 10 109.73 112.78 3.05 0.018 0.60
395 445 50 120.40 135.64 15.24 0.071 2.42
incl 415 420 5 126.49 128.02 1.52 0.387 13.27
MR151518 0 -90 165 170 5 50.29 51.82 1.52 0.032 1.10
190 195 5 57.91 59.44 1.52 0.061 2.09
315 335 20 96.01 102.11 6.10 0.114 3.91
MR151519 0 -90 215 220 5 65.53 67.06 1.52 0.027 0.93
380 385 5 115.82 117.35 1.52 0.024 0.82
MR151520 0 -90 135 160 25 41.15 48.77 7.62 0.145 4.96
incl 135 140 5 41.15 42.67 1.52 0.679 23.28
195 210 15 59.44 64.01 4.57 0.019 0.65
230 235 5 70.10 71.63 1.52 0.015 0.51
295 300 5 89.92 91.44 1.52 0.050 1.71
415 420 5 126.49 128.02 1.52 0.058 1.99
MR151531 0 -90 100 120 20 30.48 36.58 6.10 0.020 0.69
135 155 20 41.15 47.24 6.10 0.018 0.61
210 215 5 64.01 65.53 1.52 0.024 0.82
275 280 5 83.82 85.34 1.52 0.041 1.41
350 355 5 106.68 108.20 1.52 0.015 0.51
395 400 5 120.40 121.92 1.52 0.028 0.96
MR151532 0 -90 120 130 10 36.58 39.62 3.05 0.016 0.53
235 245 10 71.63 74.68 3.05 0.052 1.78
335 340 5 102.11 103.63 1.52 0.046 1.58
MR151533 0 -90 180 195 15 54.86 59.44 4.57 0.018 0.61
MR151534 0 -90 135 140 5 41.15 42.67 1.52 0.036 1.23
200 205 5 60.96 62.48 1.52 0.079 2.71
265 270 5 80.77 82.30 1.52 0.016 0.55
390 395 5 118.87 120.40 1.52 0.016 0.55
MR151535 0 -90 60 65 5 18.29 19.81 1.52 0.023 0.79
95 125 30 28.96 38.10 9.14 0.122 4.18
150 155 5 45.72 47.24 1.52 0.017 0.58
190 215 25 57.91 65.53 7.62 0.017 0.58
MR151536 0 -90 50 55 5 15.24 16.76 1.52 0.027 0.93
255 260 5 77.72 79.25 1.52 0.036 1.23
375 385 10 114.30 117.35 3.05 0.029 0.98
440 450 10 134.11 137.16 3.05 0.019 0.63
MR151537 0 -70 160 165 5 48.77 50.29 1.52 0.030 1.03
265 270 5 80.77 82.30 1.52 0.015 0.51
MR151538 0 -90 70 75 5 21.34 22.86 1.52 0.032 1.10
160 165 5 48.77 50.29 1.52 0.019 0.65
205 215 10 62.48 65.53 3.05 0.228 7.82
30 240 10 70.10 73.15 3.05 0.093 3.19
270 280 10 82.30 85.34 3.05 0.023 0.77
305 315 10 92.96 96.01 3.05 0.045 1.53
MR151539 0 -70 65 75 10 19.81 22.86 3.05 0.031 1.06
95 100 5 28.96 30.48 1.52 0.045 1.54
145 150 5 44.20 45.72 1.52 0.032 1.10
260 265 5 79.25 80.77 1.52 0.015 0.51
MR151540 0 -70 380 385 5 115.82 117.35 1.52 0.034 1.17

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 90-100% of downhole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility. Further details are presented in the Company’s quality assurance and quality control program for the Mineral Ridge project available at: MR QAQC.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated. Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Company has completed its 2015 underground drilling program at Goldwedge (results are pending) and is processing high-grade Mineral Ridge ore at the Goldwedge plant on an as needed basis.

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

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: (819) 825-7618
Email: phawley@scorpiogold.com

Website: www.scorpiogold.com




Kootenay Silver commence maiden resource estimate at La Negra

Kootenay Silver {TSX.V: KTN} have announced that their maiden 43-101 resource estimate is underway at La Negra, Sonora, Mexico.

In addition, Kootenay have announced a $1.5 million private placement at 30 c per unit.


Kootenay Silver Inc. {TSX.V: KTN} is pleased to announce it has initiated the maiden NI 43-101 resource estimate including a metallurgical study at the La Negra silver discovery located in Sonora, Mexico.

 

In addition to the resource estimate and metallurgical work, the company announces a non-brokered private placement (the “Private Placement”) of up to 5 million units (each “Unit”) at a purchase price of $0.30 per Unit, for aggregate gross proceeds to Kootenay of up to $1,500,000.

 

States Kootenay President and CEO James McDonald, “We look forward to completing the maiden resource estimate and preliminary metallurgical testing on La Negra. Kootenay has engaged the services of Hans Smit, P.Geo to conduct the maiden NI 43-101 resource estimate on La Negra. Mr. Smit specializes in guiding advanced exploration projects through resource estimations, economic evaluations and permitting.

 

Following this work, we have designed a 5,000 meter drill program with the objective of doubling the current mineralised envelope and testing the newly discovered Cameron zone and the Cameron-Vania trend.”

 

Expansion Program

Kootenay reported in its June 15, 2015 news release the discovery of the new Cameron zone and the Cameron-Vania trend that underscores the potential of this mineralized corridor to become a mining district capable of producing multiple new precious metals discoveries well into the future. The recognition of underlying geologic controls that link the La Negra and Promontorio mineralization with the Cameron-Vania trend serves as a strong complement to our emerging La Negra silver discovery and elevates our confidence for the discovery of additional, similar style, large-scale deposits on Promontorio.

 

Private Placement

Each Unit will consist of one common share (“Common Share”) of Kootenay and one transferable share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.55 for a period of 24 months from the closing date of the Private Placement. Cash finder’s fees may be paid in connection with the Private Placement.

 

All of the securities issued pursuant to the Private Placement will be subject to a minimum four-month hold period. The Private Placement and payment of any finder’s fee are subject to acceptance by the TSX Venture Exchange. The net proceeds from the Private Placement will be used to finance additional work on Kootenay’s Promontorio property, which includes the new La Negra Breccia discovery, its other properties and for general working capital.

 

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

 

La Negra Silver Discovery

The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay’s Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the ‘Promontorio Mineral Belt.’ Initial exploration on La Negra included a successful trenching and surface sampling program that confirmed extensive silver mineralization over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details).

 

A follow up Phase I drill program on La Negra returned significant and consistent intervals of high grade, widespread silver mineralisation extending from surface to depth, confirming a substantial new silver discovery.

 

Results from a recent Phase II drilling program on La Negra have further confirmed the continuity of silver grades and the consistency of silver mineralization to depth within the core of the diatreme breccia. (See news releases from March 31st, April 30th and May 20th, 2015 for more details).

 

This has set the stage for the advanced future development of La Negra and reinforces its future potential as a low-cost, open pittable silver resource. At present, drill results from the program are being compiled and collated in a 3D model showing the geologic controls and assay results. This compilation will be used to design the next drill phase, which is expected to be announced in the near future.

To View Full Results of Sampling and drill Program Visit: www.kootenaysilver.com

The foregoing geological disclosure has been reviewed and verified by Kootenay’s CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.

 

ABOUT KOOTENAY

Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay’s objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.

For additional information, please contact:

James McDonald, CEO and President at 403-238-6986

Ken Berry, Chairman at 604-601-5652; 1-888-601-5650

or visit: www.kootenaysilver.com

 

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

 

Forward-Looking Statements: The information in this news release has been prepared as at July 15, 2015.  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. More particularly, this release contains statements concerning the anticipated Private Placement. Accordingly, there is a risk that the Private Placement will not be completely sold, completed within the anticipated time or at all.

 

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the completion of the Private Placement, the proposed use of the proceeds of the Private Placement, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.




Neometals sign MOU with Jiangxi Ganfeng Lithium Co.

Neometals Ltd {ASX: NMT}  and their partner Mineral Resources {ASX; RIM} confirm they have signed an MOU with China’s 2nd largest lithium producer, Jianngxi Ganfeng Lithium Co.

This is a significant transaction that will net Neometals AU $19 million, if completed.

Neometals Ltd {ASX: NMT}  and Mineral Resources Limited (ASX: MIN}  – via its wholly owned subsidiary Process Minerals International) are pleased to jointly announce that their jointly owned subsidiary, Reed Industrial Minerals Pty Ltd (“RIM”) has entered into a conditional Memorandum of Understanding (“MoU”) with China’s second largest lithium producer Jiangxi Ganfeng Lithium Co., Ltd (“Ganfeng”).

 

The MOU sets out the key commercial terms for: • Ganfeng to acquire an up-front 25% shareholding in RIM by way of share sale and equity subscription leaving Neometals with 45% of RIM and MIN with 30% of RIM.

 

Neometals will net approximately US$19.5 million from this initial transaction; • PMI and Ganfeng to be granted options by Neometals pursuant to which they can elect to increase their respective shareholdings in RIM to 43.1% by around Q4 of 2016 by way of share purchase from Neometals.

 

If these options are fully exercised, Neometals will be left holding 13.8% of RIM; • MIN building, owning and operating the Mount Marion mining, crushing and beneficiation infrastructure and equipment pursuant to a fixed price mining services contract; • Ganfeng entering into a long-term offtake for 100% of the spodumene produced from the Mt Marion Lithium Project at benchmarked market prices subject to an agreed price floor. Under the agreement, from year 4 onwards RIM reserves the right to take 51% of the total production if greater commercial benefit can be derived from such product (“Ganfeng Offtake”); and • prudential corporate governance arrangements for RIM between Ganfeng and RIM’s existing shareholders with equal board representation for all shareholders.

 

The parties will proceed to finalise Formal Agreements to give full effect to the terms of the MOU with execution and financial close scheduled for 31 August 2015. Financial close will trigger a Final Investment Decision for the Mt Marion lithium concentrate operation and commencement of full plant construction and assemblage as all necessary approvals for the project have been secured by RIM.

 

MIN is already well advanced with development planning and procurement, with commissioning and production of lithium concentrate product anticipated by mid-2016. Conditions Financial Close of the transaction with Ganfeng is subject to the following conditions being satisfied:

• completion of confirmatory financial, technical and legal due diligence satisfactory to Ganfeng (acting reasonably)

; • Approval under the Foreign Acquisitions and Takeovers Act 1975 (Cth); • Jiangxi Provincial Government approval

; • Ganfeng shareholder approval;

• Ganfeng’s and RIM’s board approving execution of the Formal Agreements.

 

The MoU requires each party to use all reasonable endeavours to satisfy the above conditions (as relevant to each party) by 26 August 2015 and execute the Formal Agreements by 31 August 2015, failing which a non-defaulting party may elect to terminate the MOU.

 

Chris Reed, Neometals Managing Director commented: “This MOU is an exciting milestone achievement for Neometals and RIM, and we look forward to working with our project partners to progress the Mt Marion Project to the next stage of its development.”

Chris Ellison, MIN Managing Director commented: “MIN is extremely pleased that we have been able to successfully progress negotiations with Ganfeng on terms that will see the Mt Marion Project expeditiously brought into production. ”

 

Further information will be released upon the transaction becoming unconditional. ENDS

 

For further information

please contact: Chris Reed Managing Director Neometals Ltd

T: +61 8 9322 1182

E: info@neometals.com.au




Cartier Resources raise $125,000 in private placement

Cartier Resources {TSX.V: ECR} have continued their series of small financings,  with another one of some $125,000, before expenses.

Prudently run by CEO Philippe Cloutier, Cartier has a loyal shareholder base to enable them to raise funds where other juniors cannot. 

Cartier Resources closes $125,000 private placement

2015-07-16 13:34 ET – News Release

Mr. Philippe Cloutier reports

Cartier closes a $125.000 private placement with Capital Croissance PME and Fonds Regionaux de Solidarite..

Cartier Resources Inc.{TSX.V: ECR} has closed a private placement with Capital Croissance PME II SEC and Fonds regionaux de solidarite FTQ SEC for gross proceeds of $125,000. In total.

 

Cartier issued 1.25 million units at a price of 10 cents per unit, with each unit consisting of one common share at a price of 10 cents per share and one common share purchase warrant. Each warrant entitles the holder to subscribe for one common share at a price of 13 cents for a period of 24 months following the closing date.

 

The securities issued under the private placement are subject to a four-month statutory hold period.

 




Inovio’s CEO Kim Appointed to Aspen Institute’s Health Innovators Fellowship

Inovio Pharma {NASDAQ: INO} proudly announced that their CEO, DR Joseph Kim, has been selected by the prestigious Aspen Institute to join its Health Innovators fellowship.
This honour has been bestowed in recognition of Dr.Kim’s leadership in advancing a new type of medicine.

Immunotherapy Pioneer Will Work With Other Business and Medical Leaders to Create New Approaches to Improve Healthcare.
PLYMOUTH MEETING, Pa., July 13, 2015 Inovio Pharmaceuticals, Inc.{NASDAQ: INO} announced today that its Chief Executive Officer, Dr. J. Joseph Kim, has been selected by The Aspen Institute to join its Health Innovators Fellowship. Dr. Kim, who co-founded Inovio, will work with a group of 20 healthcare leaders challenged to generate new solutions to improve healthcare treatments, access and delivery. He also joins 2,000 other Aspen Fellows from 48 countries who comprise the Aspen Global Leadership Network.

 

Aspen chose Dr. Kim for his leadership in advancing a new type of medicine, DNA-based immunotherapies, that may prevent and treat a broad array of cancers and challenging infectious diseases, and for his entrepreneurial spirit guiding a two-person start-up through early-stage trials into a publically traded product development company, Inovio Pharmaceuticals Inc.

 

The Fellowship is designed for proven, highly successful entrepreneurs and innovators in the health care field who have reached a point in their lives and careers when they are ready to use their skills and experiences to “paint on a broader canvas.” The Fellowship offers leaders a unique opportunity to reflect on how they can have an even greater positive impact on health care, and to connect with and learn from a diverse group of peers with whom they would not ordinarily interact.

 

“Our goal for the Health Innovators Fellowship to is to bring together a diverse group of leaders to explore how they can harness their creativity, experience and energy to solve our most pressing health care challenges,” saidRima Cohen, managing director of the Health Innovators Fellowship. “As a pioneer in developing new immunotherapies and vaccines for cancer and infectious diseases, Dr. Kim’s perspective will be invaluable to our inaugural class.”

 

Dr. J. Joseph Kim, President and CEO, said, “I am honored to be selected by The Aspen Institute to join the inaugural class of Health Fellows. I look forward to working with these accomplished innovators as we develop ‘big ideas’ to improve health for everyone.”

 

The Aspen Global Leadership Network

Health Innovators Fellows will join more than 2,000 other Fellows from 48 countries to become members of the Aspen Global Leadership Network (AGLN). The AGLN is composed of accomplished leaders who have participated in similar Aspen Institute leadership initiatives in the United States, Africa, Central America, China, India, and theMiddle East – all designed to help accomplished leaders – mostly business leaders – move from “success to significance.”

 

The Aspen Institute is an educational and policy studies organization based in Washington, DC. Its mission is to foster leadership based on enduring values and to provide a nonpartisan venue for dealing with critical issues. The Institute has campuses in Aspen, Colorado, and on the Wye River on Maryland’s Eastern Shore. It also maintains offices in New York City and has an international network of partners.

 

About Inovio Pharmaceuticals, Inc.

Inovio is revolutionizing the fight against cancer and infectious diseases. Our immunotherapies uniquely activate best-in-class immune responses to prevent and treat disease, and have shown clinically significant efficacy 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 Roche, MedImmune, University of Pennsylvania, DARPA, GeneOne Life Science, Drexel University, NIH, HIV Vaccines Trial Network, National Cancer Institute, U.S. Military HIV Research Program, and University of Manitoba.

 

For more information, visit   –   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, but not limited to, the fact that pre-clinical and clinical results referenced in this release may not be indicative of results achievable in other trials or for other indications, that the studies or trials may not be successful or achieve the results desired, including safety and efficacy for VGX-3100, that pre-clinical studies and clinical trials may not commence or be completed in the time periods anticipated, that results from one study may not necessarily be reflected or supported by the results of other similar studies and that results from an animal study may not be indicative of results achievable in human studies), 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 immune therapy and vaccine products, our ability to advance our portfolio of immune-oncology products independently, including INO-5150, and to commence a phase I clinical trial for INO-5150 in the first half of 2015, 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, our ability to enter into partnerships in conjunction with our research and development programs, evaluation of potential opportunities, 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, 2014, our Form 10-Q for the quarter ended March 31, 2015, 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, Inovio Pharmaceuticals,
+1 858 410 3101

bhertel@inovio.com




NYMOX appoint experienced CFO Danielsen

Nymox Pharmaceutical Corp. {NASDAQ: NYMX} have announced the appointment of a new CFO to take over from the departing incumbent, Andre Monett.

Erik Danielsen has worked with NYMOX over the years and has a “deep understanding of the dynamics”

HASBROUCK HEIGHTS, N.J., July 13, 2015  — Nymox Pharmaceutical Corp. {NASDAQ: NYMX} is pleased to announce the appointment of Erik Danielsen as Chief Financial Officer of the Company. Mr. Danielsen is a highly experienced financial analyst with special expertise in emerging health care companies, and with extensive international business knowledge.

 

Mr. Danielsen received his MBA from the University of Freiburg in 1987. He was formerly Senior Auditor for Price Waterhouse, and subsequently was Equity Strategist for Credit Suisse, and Equity Analyst for Credit Suisse First Boston. Mr Danielsen was formerly CEO of Analitika, an equity research, consulting and fund raising firm based in Switzerland.

Dr. Paul Averback CEO said, “Erik has worked with Nymox and Nymox shareholders for many years and has an excellent working understanding of the dynamics of our Company. He will be a superb addition for the Company both on an operational level and at many strategic levels. We are delighted to welcome Erik to the team.”

“On behalf of Management and the Board, I wish to thank our departing CFO Andre Monette for his very solid performance helping the Company during the past year. We wish Andre the very best moving forward.”

For more information please contact info@nymox.com

This press release contains certain “forward-looking statements” as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. Development of drug products involves substantial risks and actual results may differ materially from expectations. Factors that could cause actual results or events to differ materially from those projected in forward-looking statements are detailed from time to time in Nymox’s filings with the United States Securities and Exchange Commission and other regulatory authorities.

CONTACT: 
Paul Averback
Nymox Pharmaceutical Corporation
+1 514 332 3222
www.nymox.com

 




Scorpio Gold H1 production up 7%,maintains production forecast for 2015

Scorpio Gold {TSX.V: SGN} exceeded 2015 production expectations by reporting a 7% increase on last year’s H1 production at Mineral Ridge, Nevada.

Scorpio maintain production guidance for 2015.

Comment

A tidy first half of 2015, and Scorpio, always a conservative company, increased production by 7% compared to the same period last year.

They maintain their guidance for 2015, which is positive enough. and one wonders whether they haven’t got half an eye on exceeding that forecast, but prefer not to say just yet?

New production from various pits is due online, and they have the option of shipping the high grade ore to their mill at Gold Wedge for grinding prior to placing on the heap leach pad, a process that increases recovery by a healthy margin.

 

News release.

 

Vancouver, July 14, 2015 – Scorpio Gold Corporation {TSX.V: SGN} announces its operating results for the second quarter (“Q2”) of 2015 at its 70% owned Mineral Ridge project, located in Nevada.

Production at Mineral Ridge in Q2 of 2015 totalled 8,738 ounces of gold and 3,591 ounces of silver. Total gold production for the first half of 2015 now stands at 20,690 ounces, an increase of 7% from H1 of 2014.

 

The Company’s 2015 production forecast remains unchanged at 40,000 to 45,000 ounces of gold (as reported in the Company’s March 11, 2015 news release).

Peter J. Hawley, President & CEO, comments, “We are pleased to report another solid quarter of production at Mineral Ridge. While continuing to cycle through lower-grade material in the Mary pit, our gold production continues to be aided by the drawdown of ounces from the leach pad inventory and by ongoing efforts to re-slope the periphery of the leach pad to bring previously un-leached material under leach. We confirm our guidance of 40,000 to 45,000 ounces gold production at Mineral Ridge in 2015.”

Production in 2015 is scheduled from the Mary and Mary LC pits, and from the Wedge, Bluelite, Solberry and Brodie satellite pits. Open pit mining at the Solberry deposit commenced in Q2 2015. Pre-production development work at the Bluelite deposit is in progress with open pit production scheduled to commence in Q3 2015. The Bluelite and Solberry deposits have not been subject to any prior mining campaigns, hence their high-grade core zones are preserved and expected to positively impact the grade of ore being processed at both the Mineral Ridge operation and the Goldwedge mill facility, to which higher-grade ore from Mineral Ridge is shipped on an as-needed basis.

Key Operating Statistics

Three Months Ending Jun 30 Six Months Ending Jun 30
2015 2014 Change 2015 2014 Change
Mining operations
Mary pit
Ore tonnes mined 78,343 79,394 -1.3% 196,307 172,142 14.0%
Waste tonnes mined 298,704 612,511 -51.2% 1,043,681 1,027,872 1.5%
Total mined 377,047 691,905 -45.5% 1,239,988 1,200,014 3.3%
Strip Ratio 3.8 7.7 -50.6% 5.3 6.0 -11.7%
Satellite pits
Ore tonnes mined 56,046 100.0% 114,119 100.0%
Waste tonnes mined 113,521 100.0% 285,873 100.0%
Total mined 169,567 100.0% 399,992 100.0%
Strip Ratio 2.0 100.0% 2.5 100.0%
Drinkwater pit
Ore tonnes mined 165,882 -100.0% 320,834 -100.0%
Waste tonnes mined 326,304 -100.0% 724,537 -100.0%
Total mined 492,186 -100.0% 1,045,371 -100.0%
Strip Ratio 2.0 -100.0% 2.3 -100.0%
Total producing pits
Ore tonnes mined 134,389 245,276 -45.2% 310,426 492,976 -37.0%
Waste tonnes mined 412,225 938,815 -56.1% 1,329,554 1,752,409 -24.1%
Total mined 546,614 1,184,091 -53.8% 1,639,980 2,245,385 -27.0%
Strip Ratio 3.1 3.8 -18.4% 4.3 3.6 19.4%
Pits under development
Ore tonnes mined 53,264 6,915 670.3% 92,146 6,915 1232.6%
Waste tonnes mined 1,190,883 411,162 189.6% 1,995,432 668,558 198.5%
Total mined 1,244,147 418,077 197.6% 2,087,578 675,473 209.1%
Total mining operations
Ore tonnes mined 187,653 252,191 -25.6% 402,572 499,891 -19.5%
Waste tonnes mined 1,603,108 1,349,977 18.8% 3,324,986 2,420,967 37.3%
Total mined 1,790,761 1,602,168 11.8% 3,727,558 2,920,858 27.6%
Processing
Tonnes processed 194,651 247,073 -21.2% 413,023 491,846 -16.0%
Gold head grade (g/t) 1.37 1.80 -23.9% 1.39 1.87 -25.7%
Tonnes milled at Goldwedge facility 1,392 100.0%
Gold head grade (g/t) 8.87 100.0%
Ounces produced
Gold 8,738 9,034 -3.3% 20,690 19,328 7.0%
Silver 3,591 3,771 -4.8% 9,910 8,884 11.5%
Recoverable(1) gold (ounces) placed on pad 5,769 9,297 -37.9% 12,428 19,263 -35.5%

(1) A weighted average metallurgical recovery factor has been applied to the estimated contained ounces crushed and placed on the leach pad based on the pit from which the ore was mined.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated. Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Company has completed its 2015 underground drilling program at Goldwedge (results are pending) and is processing high-grade Mineral Ridge ore at the Goldwedge plant on an as needed basis.

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

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: +1 819 825-7618
Email: phawley@scorpiogold.com

Website: www.scorpiogold.com

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

The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without restriction, any statements regarding the Company achieving production forecasts for 2015, the planned commencement of mining operations at the Bluelight deposit, and the anticipated effect on gold grades from mining at the Bluelight and Solberry deposits. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including risks related to open pit mining and heap leach operations, including unanticipated changes in the mineral content of materials being mined; unanticipated changes in recovery rates; changes in project parameters; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; availability of skilled labour and the impact of labour disputes; delays in obtaining governmental approvals; changes in metals prices; the availability of cash flows or financing to meet the Company’s ongoing financial obligations; unanticipated changes in key management personnel; changes in general economic conditions; other risks of the mining industry; and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

 

Copyright © 2012 SCORPIO GOLD CORPORATION (TSX: SGN) All rights reserved. For more information visit our website at http://www.scorpiogold.com/ or send email to scorpio@scorpiogold.com




Zenyatta Ventures files the technical report on their PEA

Zenyatta Ventures {TSX.V: ZEN} has files the technical report for the PEA at their Albany Ontario project on SEDAR.

This follows on from the positive PEA released on the 1st June this year.

Thunder Bay, ON

13 July 2015

Zenyatta Ventures Ltd. {TSX.V : ZEN} is pleased to announce it has filed the “Technical Report on the Preliminary Economic Assessment of the Albany Graphite Project, Northern Ontario, Canada”, on SEDAR at www.sedar.com.

 

The technical report is with respect to the Company’s 100%-owned Albany graphite deposit in northeastern Ontario, Canada, and the results of a positive preliminary economic assessment (‘PEA’) which were announced on June 1, 2015.

 

The PEA was prepared by the independent engineering firm RPA Inc. in Toronto with mill design input from SGS Canada Inc.  The RPA report concluded that the PEA is positive and the project should be advanced to the pre-feasibility stage.

 

To find out more on Zenyatta Ventures Ltd.,

Please visit website www.zenyatta.ca

or contact the Company at info@zenyatta.ca

or Tel. +1 807-346-1660.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Zenyatta’s future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta’s Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of Zenyatta’s mineral properties, and Zenyatta’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a prefeasibility study; the preliminary nature of metallurgical test results; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zenyatta’s public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta’s forward-looking statements.

 

These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta’s forward-looking statements. Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.




Condor Gold grant director options

Condor Gold {AIM: CDN} have conformed the granting of options to various directors of the company.

Condor are currently developing their La India project in Nicaragua.

8th July 2015 Condor Gold Plc {AIM: CDN}  Grant of Options Condor Gold Plc, an AIM quoted gold and silver exploration and development company focused on advancing its reserves and resources on its La India Project in Nicaragua, announces that on 7th July 2015 (the “Grant Date”) it granted 1.275million share options under the Company’s existing share options scheme to Directors and other staff.

 

The share options were granted by the remuneration committee and approved by the Board as part of the Company’s annual share option scheme.

 

The share options were granted to: Mark Child 600,000 Jim Mellon 150,000 Roger Davey 150,000 Peter Flindell 150,000 Luc English 30,000 Dave Crawford 15,000 Other employees 180,000 The share options have an exercise price of £0.67, representing a 10% premium to the 30 day VWAP and are exercisable for a period of 5 years from the Grant Date, with the restriction that no options can be exercised within 12 months of the Grant Date, only up to 50% of the said options can be exercised in the following 12 months and thereafter 100% of the said options can be exercisable, provided that the grantee remains with the Company.

 

Following the grant of the share options outlined above, there are 5,894,600 share options outstanding, representing 12.87% of the 45,807,316 ordinary shares in issue. – Ends –

 

For further information please visit www.condorgold.com

or contact: Condor Gold plc Mark Child, Executive Chairman and CEO +44 (0) 20 7408

Condor Gold Plc 7th Floor 39 St. James’s Street London SW1A 1JD

Telephone +44 020 74081067

Fax: +44 020 74938633

 

About Condor Gold plc: Condor Gold plc was admitted to AIM on 31st May 2006. The Company is a gold exploration and development company with a focus on Central America. Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years.

 

La India Project contains a total attributable mineral resource of 18.4Mt at 3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM Code. In El Salvador, Condor has an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource. The resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua and Ravensgate and Geosure for El Salvador. Disclaimer Neither the contents of the Company’s website nor the contents of any website accessible from hyperlinks on the Company’s website (or any other website) is incorporated into, or forms part of, this announcement.




City Investors Circle presents in Bournemouth

City Investors Circle is participating in an investment event in Bournemouth on Thursday 16th July 2015.

Everyone is welcome to attend,admission is free, and complimentary drinks and food will be served during the networking session.

Our investment evening has a property, oil and gas, and taxation focus.

If you wish to attend please email  rhea@city-investors-circle.com

and we will send full details.

The evening starts at 18.00 for an 18.30 start, and concludes at 19.30, when there will be networking with buffet food and a free bar.

Admission is free.

Dress code is business / smart casual.

If you wish to attend please email  rhea@city-investors-circle.com

 




Range Energy raise finance at a significant premium to share price

Rage Energy Resources {CSE: RGO} have today announced another financing at a significant premium to the market price.

This allows Range to maintain their good standing on their Khalakan block in Iraqi Kurdistan with their JV partners.

Vancouver, BC, Canada – Range Energy Resources Inc.{CSE: RGO}  is pleased to announce a non-brokered private placement of up to 17,800,000 units of the Company at a price of CDN $0.05 per Unit for gross proceeds of up toCDN $890,000 (the “Offering”).  Each Unit will consist of one (1) common share (the “Common Share”) and one (1) transferrable share purchase warrant.  Each warrant will entitle the holder thereof to purchase one (1) additional Common Share for a period of five (5) years from the closing date of the Offering at a price of CDN $0.05 per Common Share.

The closing of the Offering is subject to receipt of all necessary regulatory and Board approvals.  The securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.  The Company anticipates that there will likely be insider participation in the Offering.

The capital from the Offering will be used by the Company to continue to fulfill its obligations to joint venture participants so that the development of the Khalakan Block in the Kurdistan Region of Iraq can continue as well as provide general working capital.

For further information on Range Energy Resources Inc., please visit the Company’s web site at www.rangeenergyresources.com.

On Behalf of the Board of Directors:
Toufic Chahine
Chairman
Tel: +1 604-688-9600
Email: range@rangeenergyresources.com

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN 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 U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

This news release contains certain statements that may be deemed to include “forward-looking information”. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Range Energy believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Range Energy’s management on the date the statements are made. Except as required by law, Range Energy Resources Inc. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

 




Eric Sprott now owns 41.8% of Barkerville Gold

Barkerville Gold Mines {TSX.V:  BGM} has finally confirmed what most people thought would inevitably happen, that they have converted nearly $20 million of debt owed to a company owned by Eric Sprott into equity.!

Sprott now owns 41.8% of Barkerville, and is now classified as a “control person” under TSX rules.

 

TORONTO, ON – July 8, 2015 – Barkerville Gold Mines {TSX.V:  BGM} is pleased to announce that 2176423 Ontario Ltd. (the “Lender”), a company controlled by Mr. Eric Sprott, has agreed to convert an aggregate of $19,470,334 of indebtedness, representing the entire principal debt and interest due and owing under a credit agreement between the Company and the Lender, through the issuance of an aggregate of 74,885,900 common shares (the “Common Shares”) of the Company at a price of $0.26 per Common Share (the “Debt Settlement”).

 
As a result of the Debt Settlement, Mr. Eric Sprott will hold, directly and indirectly, 41.8% of the issued and outstanding Common Shares (on a non-diluted basis) and become a “Control Person” (as that term is defined in the policies of the TSX Venture Exchange).

 

The Company obtained disinterested shareholder approval of the creation of the Control Person at its special meeting of shareholders of the Company held on June 29, 2015.
Mr. Sprott has a long-term view of the investment and may acquire additional Common Shares either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

 
Completion of the Debt Settlement will be conditional upon the Company obtaining TSX Venture Exchange approval and the securities issued thereunder will be subject to a four month hold period.

 
For further information on Barkerville Gold Mines Ltd., please contact;
Tom Obradovich
President & Chief Executive Officer
+1 416 361 2511

tobradovich@sympatico.ca
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.




Scorpio Gold reports promising initial drill results from Bluelite North

Scorpio Gold Corp. {TSX-V: SGN} has just reported positive initial drill results form their Bluelite North Project, just north of their Bluelite Project at Mineral Ridge, Nevada.

Some decent grades were recorded at shallow depths, a good start in an area that management consider promising. 

Comment

Once again Scorpio produce some good drill result out of the hat,and nice to see them from initial results in a new area, where management have high hopes of expanding their resources at Mineral Ridge.

Scorpio continue to produce good results, and at a rapid rate of newsflow for a junior, plenty to follow here.

 

News release

 

Vancouver, July 7, 2015 – Scorpio Gold Corp. {TSX-V: SGN} reports results from its first phase of exploration drilling in the Bluelite North target area at its 70% owned Mineral Ridge project, located in Nevada.

The Bluelite North target lies 300-500 meters northwest of the Bluelite deposit and 100-300 meters west of the Solberry deposit. Scorpio Gold’s initial phase of widely-spaced exploration drilling in the  area intersected significant mineralisation in 50% of the holes drilled with several holes reporting mineralisation at shallow depths.

 

Management considers Bluelite North a promising exploration target and plans to follow up with additional drill testing in 2015.

Highlights of exploration drilling in the Bluelite  North target area include:

  • MR151418: 3.87 grams per tonne (“g/t”) gold over 1.52 meters
  • MR151420: 1.89 g/t gold over 1.52 meters
  • MR151474: 2.19 g/t gold over 3.05 meters
  • MR151478: 1.58 g/t gold over 1.52 meters

A drill hole location map is available at: DH Plan

Table 1. Bluelite North Target Area – Significant Drill Results

Hole
No.
Azm
(deg)
Dip
(deg)
From
(ft)
To
(ft)
Width
(ft)
From
(m)
To
(m)
Width
(m)
Gold
(OPT)
Gold
(g/t)
MR151385 0 -90 No Significant Results
MR151387 0 -90 210 215 5 64.01 65.53 1.52 0.017 0.58
295 300 5 89.92 91.44 1.52 0.016 0.55
MR151389 0 -90 250 255 5 76.20 77.72 1.52 0.011 0.38
MR151390 314 -69 No Significant Results
MR151411 0 -90 No Significant Results
MR151412 0 -90 No Significant Results
MR151413 0 -90 40 45 5 12.19 13.72 1.52 0.025 0.86
MR151414 0 -90 220 225 5 67.06 68.58 1.52 0.010 0.34
MR151415 316 -64 No Significant Results
MR151416 0 -90 No Significant Results
MR151417 0 -90 No Significant Results
MR151418 0 -90 35 40 5 10.67 12.19 1.52 0.113 3.87
MR151419 0 -90
MR151420 0 -90 25 30 5 7.62 9.14 1.52 0.055 1.89
MR151472 0 -90 135 140 5 41.15 42.67 1.52 0.029 0.99
MR151473 0 -90 225 230 5 68.58 70.10 1.52 0.010 0.34
MR151474 0 -90 10 20 10 3.05 6.10 3.05 0.064 2.19
MR151475 0 -90 No Significant Results
MR151476 0 -90 No Significant Results
MR151477 0 -90 No Significant Results
MR151478 0 -90 265 270 5 80.77 82.30 1.52 0.046 1.58

 
All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width  is estimated at 90-100% of down-hole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility. Further details are presented in the Company’s quality assurance and quality control program for the Mineral Ridge project available at: MR QAQC.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated.

Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Company has completed its 2015 underground drilling program at Goldwedge (results are pending) and is processing high-grade Mineral Ridge ore at the Goldwedge plant on an as needed basis.

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

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: +1 819 825 7618
Email: phawley@scorpiogold.com




Neometals completes deal with Metals X

Neometals  {ASX: NMT} has completed the previously announced transaction with Metals X {ASX:MLX} from the 25th January 2015.

MD Chris Reed proclaimed this as the next step in Neometals becoming a leading globally recognised  lithium producer.

Neometals Ltd {ASX: NMT} Has confirmed that its 70%-owned subsidiary, Reed Industrial Minerals Pty Ltd (RIM), has completed the transaction with Metals X Ltd {ASX: MLX} which was announced to the ASX on 22 January 2015.

 

Under the agreement, RIM has agreed to lease the lithium mining rights over a portion of the Hampton Area Location 53, which adjoins the Mt Marion Lithium Project, and to purchase an adjoining mining lease and associated infrastructure from Metals X.

 

Leading mining services provider Mineral Resources Limited {ASX:MIN} owns the remaining 30% of RIM and funds and operates the project through its subsidiary, Process Minerals International Pty Ltd.

 

Completion of the transaction will allow RIM to explore and develop extensions of the No 2 and No 2 West Lithium Deposits, located on the northern boundary of the Mt Marion Project  Previous drilling at the No 2 and No 2 West deposits indicates that lithium mineralisation continues into the newly leased tenements, providing RIM an opportunity to expand the current JORC resource with further exploration.

 

A new resource exploration potential estimate is being prepared as part of an extensive resource expansion and infill drilling program under development. In addition, the purchase of the adjoining leases and associated infrastructure will provide potential tailings storage, optimal waste dump positioning and access to an existing heavy haul road which will benefit the future development of Mt Marion.

 

Chris Reed, Managing Director, commented: “We are pleased to have completed another step towards transforming RIM into a globally significant lithium concentrate producer and supplier to the lithium-ion battery industry. The next step in the project’s development plan is to finalise binding offtake agreements which are well progressed, before we commit to a final investment decision.”




Ross Beaty buys a 14.9% stake in Galantas Gold

Galantas Gold {AIM and TSX.V: GAL} today made a shock announcement that Ross Beaty, had purchased a significant stake in the company.

Beaty has created significant shareholder value in the past and is currently the CEO of Pan American Silver, based in Canada.  Beaty is a major player in the Canadian mining scene.

Comment

If ever an announcement was an endorsement of the potential of a mining company and project, this one is!

Ross Beaty is a major player in the Canadian mining sector, and for him to have taken such a large position in Galantas, a minnow in mining terms, is hugely positive for GAL, the best possible endorsement they could ever receive.

This is massive for GAL, and credit must go to long term CEO Roland Phelps.

 

 

RNS Number : 2464S

Galantas Gold Corporation

06 July 2015

GALANTAS GOLD CORPORATION

TSXV and AIM: Stock Symbol – ‘GAL’

GALANTAS ANNOUNCES PRIVATE PLACEMENT

 

Date : 6th July 2015. Galantas Gold Corporation the AIM and TSX.V quoted gold miner and explorer, is pleased to announce a proposed investment of C$2,400,000 into Galantas by means of a non-brokered private placement.

 

The Placement will comprise the issue of 20 million units, each unit will comprise of one common share and one share purchase warrant (the “Units”). Each warrant shall be exercisable into one common share of the Company for a period of 12 months from closing at an exercise price of C$0.16. A four month hold period from closing will apply.

 

The majority of the Placement will be taken up by Mr. Ross Beaty who will acquire 16,000,000 Units resulting in an interest before the exercise of warrants of 14.9% of Galantas issued and outstanding shares.

 

The Placement shares will rank parri passu with the existing issued shares.

 

Closing of the Placement is subject to the receipt of all required documentation, regulatory and shareholder approvals, including approval of the TSX Venture Exchange. The Company intends to apply for the admission of the common shares issuable in connection with the Private Placement on the AIM market of the London Stock Exchange as soon as practicable.

 

Roland Phelps, President & CEO Galantas Gold Corporation said, “Ross Beaty has an exceptional and profitable track record of investment in mining companies. I am delighted that he has shown confidence in the Galantas Omagh gold project and will join our shareholder base.”

 

The Company intends to use the net proceeds of the Placement for exploration, for initiating development of the underground Omagh gold-mine and for working capital purposes. The Omagh gold-mine, situated in County Tyrone, Northern Ireland was until recently worked by open-pit methods and received planning consent for underground mining on 11th June 2015.

 

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

 

Galantas Gold Corporation’s Issued and Outstanding Shares currently total 87,297,155.

Enquiries : Galantas Gold Corporation

L. Jack Gunter P.Eng – Chairman

Roland Phelps C.Eng – President & CEO

Email: info@galantas.com Telephone: (UK) +44 (0) 2882 241100 Website: www.galantas.com

Grant Thornton UK LLP (Nomad)

Philip Secrett

Richard Tonthat

Telephone: +44(0)20 7383 5100

Whitman Howard Ltd (Broker & Corporate Adviser)

Neil Pidgeon

Nick Lovering

Telephone: +44(0)20 7659 1234

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOELIFFTDIIRIIE




Storedot to be able to charge a car in five minutes “within a “year”

Israel based technology company Storedot has announced a new disruptive technology, by predicting they will be able to recharge a battery operated car for a 300 mile journey in just five minutes “within a year”.

Elon Musk’s Tesla Motors must be casting an eye over their shoulders at this disruptive technology.Storedot, a private technology company based in Israel and backed by Chelsea Chairman Roman Abramovich, have followed on from their demonstration of recharging a smart phone in 26 seconds by predicting they will be able to recharge a car in five minutes within a year.

This disruptive technology must concern Tesla motors, as there are obvious huge advantages to being able to charge a car this quickly, little more than a stop at the petrol station!

 

StoreDot’s unit employs safe, stable organic compounds packed into thousands of individual cells. A multi function electrode uses a conductive polymer and metal oxide to trickle charge the cells, which are designed to produce very little heat. Because of this, the Flash Battery’s electrodes don’t degrade as quickly over time, resulting in an extended lifespan.

 

If Storedot can deliver on this promise, it must cause concern for lithium and graphite producers as Storedot; solution uses organic compounds, rather than the usual metals. and the battery can withstand three times the number of recharge cycles than conventional lithium ion batteries.




Barkerville accounts suggest ex CEO Callaghan appears to be under investigation

Barkerville Gold Mines {TSX.V: BGM} recently published accounts (June 25th) have caused a bit of a stir.

A note on page 41 of the accounts suggests ex CEO Frank Callaghan is under investigation!

Normally a set of accounts are a dull affair,with many people not reading past the first few headline figures, they are just too dry.

The recently released accounts of Barkerville Gold have caused a bit of a stir, because clearly at least one person persevered reading until the bitter end, and was still awake and  eagle eyed to spot a curious statement on page 41/50.

“During the year ended February 28, 2015, the Company entered into a settlement agreement with the former CEO where the Company will pay $20,000 per month plus benefits for two years starting August 2014 and grant 401,161 options in the next grant. In addition, the Company will reimburse the former CEO all the ongoing legal fees related to BCSC claims against the former CEO”.

The Vancouver based investigative reporter Mike Caswell  informed the investing world via an article on Stockwatch.

There is no ambiguity there, it clearly states “related to BCSC claims against the former CEO”

If this is true, it does beg the question why Barkerville are reimbursing Frank’s legal fees when, presumably, he is defending claims against HIS OWN actions, whilst CEO?

Given the size of the severance, 24 x $20,000 per month PLUS benefits!  It is perhaps a little surprising that on top of that they are also paying his legal fees!

The likely claims probably relate to when BGM announced via an official news release that they had an “a district potential of 100 million ounces of gold”, causing the share price to rise from around 40c to $1.60 at one point, before falling backwards to $1.20, and then being suspended.

Eventually a further report was issued which gave around 1.2 million ounces, and pretty much wrote off the “district potential” until further drilling had taken place.

Frank Callaghan visited London many times, is a larger than life  colourful figure who was well liked, and many people, including myself, were shareholders, and enjoyed his flamboyant presentations over lunch.

Given that the “district potential ” announcement caused many people to buy, (it was an official news release after all) and then subsequently lose money as the stock plummeted post suspension, it rankles with me that shareholders are now paying for legal fees related to this.

One has to be careful, nothing has been officially announced, but the accounts make a clear statement  “related to BCSC claims against the former CEO”.

Whether there is any action ongoing, or whether they are just “claims” which may go no further we cannot speculate without further information.

Still, probably the most interesting note I have ever read in a set of accounts!

 

let’s hope it’s not too expensive for current BGM shareholders…..

 

 

 

 




Scorpio Gold neighbour Sniper Resources to resume drilling at Weepah

Scorpio Gold {TSX.V: SGN} northern neighbour in Nevada, Nevada based Sniper Resources {TSX.V: SIP}  has been inspired by the success of Scorpio’s mining operation to resume drilling at their Weepah site.

In order to do so, they are raising $500,000 in a non brokered placing at $0.05 per unit.

Sniper Resources Announces Private Placement

Vancouver, British Columbia  June 30, 2015 – Scott Baxter, President and CEO of Sniper Resources Ltd. {TSX-V: SIP}  is pleased to announce:

The Offering

Sniper is proceeding with a non-brokered private placement of up to C$500,000 comprised of up to 10,000,000 units at a price of $0.05 per unit. Each unit will be comprised of one common share and one share purchase warrant, with each share purchase warrant exercisable for a term of two years at an exercise price of $0.10 per Warrant Share. Commissions and/or finder’s fees may be paid in connection with this placement. The placement is subject to regulatory approval.

 

The net proceeds of the placement will be used for exploration on the Company’s Weepah gold project, Nevada and for general corporate purposes. See details below.

 

Commentary

We value our shareholders. Recognizing that you have been loyal supporters for many years, we have structured this placement using the new Existing Shareholder Exemption to enable you to participate” said Sniper president Scott Baxter. “With Scorpio Gold’s Mineral Ridge mine, which is just to the south of Weepah, expected to produce 40-45,000 ounces this year, and Columbus Gold on its Eastside Project, which is just north of Weepah, beginning a 175 hole (45,000 metres) drilling program the time is right for a resumption of drilling at Weepah. (See map below for relative locations of Mineral Ridge and Eastside to our Weepah property.) I encourage our shareholders and other interested investors go to our website www.sniperresources.com for more information including all historical news releases. Lastly, I urge our shareholders and other interested market participants to seriously consider investing in this private placement. Please read the Offering details below and the specific subscription instructions in the section below titled ‘How to Participate’.”

 

About the Offering

The Offering will be conducted by the Company using a recently approved special exemption for existing shareholders (the “Existing Shareholder Exemption” as described in Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders) as well as the ‘accredited investor’ and ‘eligible investor’ exemptions (National Instrument 45-106 – Prospectus and Registration Exemptions “NI 45- 106”), and other applicable exemptions available to the Company. The Existing Shareholder Exemption is available to shareholders residing in all Canadian provinces. Subscriptions may be accepted from shareholders outside of Canada with evidence there is a comparable or otherwise applicable exemption permitting the subscription in that jurisdiction.

 

The Offering is available to all shareholders of the Company as at June 30, 2015 (the “Record Date”) who are eligible to participate under the Existing Shareholder Exemption. Any person who becomes a shareholder of the Company after the Record Date is notpermitted to participate in the Offering using the Existing Shareholder Exemption but other exemptions may still be available to them. Shareholders who became shareholders after the record date should consult their profession advisors when completing their subscription form to ensure that they use the correct exemption.

 

There are conditions and restrictions when relying upon the Existing Shareholder Exemption, namely, the subscriber must: a) be a Sniper shareholder on the Record Date, b) be purchasing the Units as a principal, i.e. for their own account and not for any other party, and c) may not purchase more than $15,000 value of securities from Sniper in any twelve month period. There is one exception to the $15,000 subscription limit. In the event that a subscriber wants to purchase more than $15,000 value of securities then they may do so, provided they have first received ‘suitability advice’ from a registered investment dealer. In this case subscribers will be asked to confirm the registered investment dealer’s identity and employer.

 

The Offering will remain open 5:00 PM (Pacific Time zone) on July 30, 2015 subject to earlier cut-off if the Offering is over-subscribed or in the event of a material change in the affairs of the Company. Subscriptions will be accepted by the Company on a ‘first come, first served’ basis. Therefore, if the Offering is over-subscribed it is possible that a shareholder’s subscription may not be accepted by the Company even though it is received within the Offering period. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions management reserves the right in its discretion to reduce large subscriptions in favour of smaller shareholder subscriptions. A subscription will be deemed to be received by the Company when a completed subscription form together with payment of the subscription price has been received by the Company.

 

The Offering may be closed in one or more tranches as subscriptions are received. There is no minimum Offering amount.

 

All securities issued will be subject to a four (4) month hold period from the date of closing. The Offering is subject to the approval of the TSX Venture Exchange.

 

Commissions and/or finder’s fees payable in shares of the Company may be paid in respect of this Offering.

 

Use of Proceeds

The net proceeds received from the Offering after payment of issue costs and finder’s fees/commissions, if any, will be used for the following corporate purposes:

  • to pay accounts payables of approximately $100,000,
  • to conduct a six-hole Phase I drilling program on the Company’s Weepah Gold Project, Nevada approximately $100,000,
  • to conduct a twelve-hole Phase II drilling program on the Company’s Weepah Gold Project, Nevada approximately $200,000, and
  • for general working capital purposes including general and administrative expenses approximately $100,000.

If the Offering is not fully subscribed then management of the Company will determine the allocation of net proceeds amongst the above corporate purposes in the best interests of the Company.

 

 

 

About the Weepah Gold Property

 

In June, 2014 Sniper converted its deal with Columbus Gold Corporation (“Columbus”) for the 66 claim Weepah Gold Property, Nevada, (“Weepah”) from an option to a firm purchase agreement. Sniper issueed 7,647,503 shares to Columbus increasing its total to 12,785,503 shares (19.99%) and vested Sniper’s initial 50.01% interest in Weepah. On July 1, 2017 Sniper will issue to additional shares to Columbus to top it up to 19.99% of Sniper’s issued capital to acquire the final 49.99% ownership of Weepah.

 

Exploration and Evaluation

The Weepah region production was mined the 1930’s and later in the 1980’s. The principal drill targets are where gold occurs as replacements in sanded, or lightly silicified limestone, exposed in small outcrops.

 

Recent Exploration

The property was drilled in 2011 by Columbus with significant gold intercepts. In 2012 Sniper drilled 20 holes (4,520′) with encouraging results as listed in the Table below.

Drill Hole From (ft) To (ft) Thickness (ft) Average Grade (opt Au) Average Grade (g/T Au)
WP-19 010

35

40

80

90

25

60

45

90

90

including 15

and 25

including 5

and10

0.034

0.049

0.062

0.156

0.040

1.168

1.696

2.112

5.340

1.367

WP-20 040

55

135

155

75

60

155

155

including 35

including 5

and 20

0.013

0.046

0.636

0.008

0.455

1.574

21.800

0.260

WP-21 015

40

80

125

30

60

115

125

including 15

and 20

and 35

0.035

0.111

0.083

0.016

1.183

3.802

2.832

0.564

WP-22 45

60

75

90

165

65

115

115

120

including 5

and 40

and 25

0.007

0.055

0.010

0.011

0.245

1.875

0.345

0.392

WP-23 115

115

140

175

190

125

155

185

75

including 10

and 15

and 10

0.010

0.020

0.012

0.016

0.340

0.696

0.416

0.554

2015 Exploration Plans

A 2015 program of up to 30 holes in three phases is planned subject to available financing. A formal Notice of Drilling Operations has been submitted to the US Bureau of Land Management for Phase I comprised of six Reverse Circulation drill holes of up to 2000′ total from three different drill sites on the property. Phases II and III programs are planned to follow-up on positive results as warranted. A drill rig and related equipment has been secured.

 

About Sniper Resources Ltd.

Sniper Resources Ltd. is engaged in the identification, acquisition and exploration of gold properties in the State of Nevada, USA. Sniper owns a 100% interest in the Weepah gold property located approximately 16 miles south of Columbus Gold’s Eastside deposit in Nevada. (see location map below) The highest assay from prior drill programs on Weepah is 21.80 grams/tonne (0.636 oz Au/ton)over a 1.5 metre (5 feet) interval, and the longest continuously mineralized interval was 47.2 m (155 feet).

 

All scientific and technical information contained in this news release has been reviewed and approved by Douglas H. McGibbon, M.S.(Geol.), P. Geo., who is a “qualified person” within the meaning of National Instrument 43-101.


Click Image To View Full Size

For further information about Sniper Resources and its Weepah Gold Project please contact Mr. Scott Baxter, President and CEO

+1 604-263-5614 or +1 888-737-2454,

or via email scottbax@telus.net.

To subscribe to Sniper’s newsletter, The Sniper News, email infoatsniperresources@gmail.com.

Sniper Resources  website –  www.sniperresources.com

Sniper Resources Ltd.

Scott Baxter
President and CEO

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

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

Copyright (c) 2015 TheNewswire – All rights reserved.




Scorpio reports expansion drill results from Mary LC deposit at Mineral Ridge

Scorpio Gold{TSX.V: SGN} has reported drill results from their Mary LC deposit at their Mineral Ridge Nevada mine.

Commercial production status is expected later this year.

Vancouver, June 29, 2015 – Scorpio Gold Corp. {TSX-V: SGN} reports results from its 2015 expansion and exploration drilling program on the Mary LC deposit at its 70% owned Mineral Ridge project, located in Nevada.

 

Drilling in 2015 at the Mary LC deposit has included both infill drilling (five holes; MR151437-439, 469-470) within the known deposit and step-out exploration drilling. Four holes (MR151431-34) tested the southwest extension of the deposit. The remaining 19 holes tested an area extending up to 250 meters northeast of the Mary LC pit outline. In this northeastern direction, significant mineralisation has been intersected at vertical depths ranging from 50 to 150 meters, with depth to mineralisation generally increasing to the northeast. Follow-up drilling is under consideration to further investigate this area as a potential open pit and/or underground mining target.

 

Development of the Mary LC pit commenced in Q1 2014 and approximately 163,000 tonnes of ore have been mined at the Mary LC pit from Q2 2014 through Q2 2015. Attaining commercial production status at Mary LC is expected in Q4 2015.

 

Highlights of exploration drilling to the northeast of the Mary LC pit outline include:

MR151423: 2.48 grams per tonne (“g/t”) gold over 4.57 meters
MR151436: 9.22 g/t gold over 7.62 meters
MR151440: 3.08 g/t gold over 7.62 meters
MR151464: 8.20 g/t gold over 6.10 meters

 

 

 
All holes were completed by reverse circulation (RC) drilling. True width is estimated at 90-100% of down hole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility. Further details are presented in the Company’s quality assurance and quality control program for the Mineral Ridge project available at: MR QAQC.

 

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated. Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Company has completed its 2015 underground drilling program at Goldwedge (results are pending) and is processing high-grade Mineral Ridge ore at the Goldwedge plant on an as needed basis.

 

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

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: +1 819 825-7618
Email: mphawley@scorpiogold.com

Website: www.scorpiogold.com

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

The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding the Company’s plans with respect to the exploration, development and exploitation of its Mineral Ridge project, including potential further exploration or development of the Mary LC deposit. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including risks involved in mineral exploration and development programs and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

Copyright © 2012 SCORPIO GOLD CORPORATION (TSX: SGN) All rights reserved. For more information visit our website at http://www.scorpiogold.com/ or send email to scorpio@scorpiogold.com
Scorpio Gold Corporation
206-595 Howe St., Vancouver, British Columbia, Canada, V6C 2T5

 




Integra Gold launches $1 m crowd sourcing gold rush challenge

Integra Gold Corp.{TSX.V: ICG} has come out with a novel and perhaps bizarre way of deciding where to explore next,by allowing the general public access to the Data Room.

This is a form of crowd sourcing.

Integra Gold Corp. Launches $1,000,000 Crowd-Sourcing Gold Rush Challenge with the Objective of Finding Val-d’Or’s Next Big Gold Discovery

VANCOUVER, BC: Integra Gold Corp. {TSX-V: ICG,} is giving the term “data mining” a whole new meaning with the launch of its Integra Gold Rush Challenge, a form of crowd sourcing it hopes will lead it to the next big gold discovery at its Sigma-Lamaque gold property in Val-d’Or, Québec.

 

The Data

In October 2014, Integra completed the acquisition of the Sigma/Lamaque Mine and Mill complex immediately adjacent to its Lamaque South project and in doing so became the owner of 6 terabytes of historical mining and exploration data in a digital format.  The Company has spent the last 6 months compiling this information which, once completed, will be released to the public in one consolidated database. The data dates back to 1933 and includes over 30,000 historic drill holes, more than 50,000 gold assays, hundreds of kilometres of mined underground workings, other mining statistics and photos. Integra is in the process of verifying and digitizing additional information, which it expects to release to contestants in September via a special website. Integra says that to its knowledge, no mining company has released such a large amount of proprietary information to the public before.

 

As highlighted in a recent press release the Company believes there is a wealth of potential gold exploration targets that are expected to be generated as a result of this unprecedented digital database that spans more than 75 years of history (see Company press release June 18, 2015).

 

The Gold Rush Challenge

Online prospectors will analyze and interpret the data to come up with a plan on where they think Integra has the best chance of making a major gold discovery.  Further details on what specific types of submissions the Company is looking for will be announced in the coming months, prior to the database being made public in September.

The prize of CAD $1,000,000, which will be broken out into a number of categories, will be awarded to whomever comes up with what the Company and the competitions board of advisors believe is the highest probability location for a major gold discovery.  Integra has already made significant headway in raising the award money through sponsorships and plans to announce the winners next March in Toronto at the PDAC mining conference.

 

To view an animated video summarizing the Integra Gold Rush Challenge, please click on the following link:

www.vimeo.com/131487265

To view a visual infographic summarizing the Integra Gold Rush Challenge, click on the link below:

http://www.integragold.com/i/pdf/gold-rush-challenge.pdf

 

Certain information presented in the above material is based on publicly available information from third parties and as such, this information may not be complete, up to date or reliable.  No representation or warranty, express or implied, is given to the accuracy of such information.  Ounces-per-vertical meters is a calculation which presents the average production per metre over the entire depth of the mine, and is calculated by dividing total ounces produced by total depth of mine and is based on publicly available historical statistics.

For further information regarding the Company’s Gold Rush Competition and associated Cautionary Notes please see the bottom of this press release or visit www.integragold.com/goldrush

“By giving the public access to this data, Integra hopes to tap into the collective brainpower of thousands of participants and save itself years of time and resources to identify high-potential exploration targets we likely wouldn’t even know exist,” says CEO Stephen de Jong.  “By utilizing external sources this competition allows us to stay focused and disciplined on the work we are doing at our Triangle Zone and Lamaque South property, and at the same time move forward with an exciting exploration target.”

Integra chairman George Salamis adds, “With this digital gold rush, we hope to tap into the most leading edge and innovative ideas from all sectors of research, not just the mining business. Our expectation is that these new ideas will lead to continued value creation from last year’s acquisition of the Sigma-Lamaque Mill and Mining Complex.  This competition, which we expect to reveal numerous exploration plans on areas where participants think we should look to make our next gold discovery, will prove to be beneficial for investors, employees, suppliers and other stakeholders. The Integra Gold Rush is also expected to draw unprecedented attention to Québec and the Abitibi Region as one of the world’s premier gold mining jurisdictions.”

 

Partnership with HeroX

Integra Gold is launching the Gold Rush Challenge in partnership with HeroX, a crowdsourcing platform for incentive prizes to discover complex, innovative solutions to the challenges facing companies, governments, nonprofits, and individuals. HeroX is a spin-off of XPRIZE, the leading organization solving the world’s Grand Challenges by creating and managing large-scale, high profile, incentivized prize competitions.

Integra hopes to attract the expertise of those in academia, geology, the mining sector and many other disciplines to interpret the data.

“The Gold Rush Challenge follows in the incredibly successful footsteps of the Goldcorp Challenge and the Ansari XPRIZE competition,” says XPRIZE CEO and HeroX Co-founder, Peter H. Diamandis. “We live in a world of incredible cognitive surplus and your ability to tap into brilliance is now unparalleled. By utilizing the HeroX platform, Integra Gold is paving the way for significant innovation in the mining industry by encouraging collaboration and openness.”

HeroX says that based on past experience with crowdsourcing projects, it expects hundreds of people or groups from multiple countries to participate in the Integra Gold Rush Challenge.

“The Gold Rush Challenge is a visionary approach to big data analysis that harnesses the power of the incentive prize model to foster collaboration and reward ingenuity,” says HeroX CEO, Christian Cotichini. “HeroX is delighted to partner with Integra Gold to build awareness for this important competition, which is sure to bring unprecedented levels of innovation to the mining sector.”

 

Endorsements from Mayor of Val-d’Or and MNA for the Electoral Riding of Abitibi-East

Mayor of Val-d’Or, Mr. Pierre Corbeil, says this original initiative represents an exceptional showcase event for the city of Val-d’Or.  “The discovery of these gold mines marked the debut of Val-d’Or, founded 80 years ago. The Integra Gold Rush reaffirms our region’s mineral potential and will certainly have significant benefits for our region. I salute Integra Gold’s boldness in this initiative and wish all the digital prospectors good luck.”

“I find this a unique and original initiative to re-ignite interest in previously dormant gold mines. This is confirmation that Québec is more present and stronger than ever in maintaining its position as a leading mining jurisdiction. I view a number of interesting economic opportunities for the region,” says the MNA for Abitibi-East, Québec, Guy Bourgeois.

 

History of the Sigma and Lamaque Mines

The Lamaque and Sigma Mines are located 500 metres from one another and are hence being treated by the Company’s exploration and geological team as one system.  These mines each produced more than 4.5 million ounces of gold each, however, the Sigma Mine was more than 700 metres deeper than Lamaque.  The Lamaque Mine ceased operations in 1985 due to falling commodity prices, labor unrest, and development limitations due to insufficient infrastructure, not, as Integra believes, as a result of the mineralized system being exhausted at its lowest levels.  The Lamaque Mine was the largest gold producer in Québec for 30 years, from 1955 until it shut down in 1985.

This historic data compiled by the Company provides compelling evidence for a down-dip extension of the gold-bearing system of the Lamaque Mine Main Plug continues at depth.  The Company believes detailed targeting work on Lamaque Deep as well as other targets in the vicinity will much more efficiently realized by utilizing the power of a crowd sourcing competition.

Qualified Person

The scientific and technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved on behalf of the company by Hervé Thiboutot, PEng, a qualified person.

 

Project and Company Profile

Integra’s Lamaque South Gold Project and Sigma-Lamaque Mill and Mine Complex are located directly east of the City of Val-d’Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available in the region.

The Company’s primary focus is on exploring and subsequently developing, subject to further underground exploration, its high-grade Lamaque South gold project. The Lamaque South property is divided into three clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South Cluster. The recently acquired Sigma Mill, located 1 kilometer from the Parallel Zone and 3 kilometres from the Triangle Zone, is a fully-permitted, 2,200 ton per day mill and tailings facility. The Sigma-Lamaque Mill and Mine Complex include the historic Sigma and Lamaque Mines which operated for 75 and 52 years respectively and produced more than 9 million ounces of gold in total.

 

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen de Jong
CEO & President

MEDIA CONTACT INFORMATION
Ann Gibbon info@anngibboncommunications.com

Or visit the company website: www.integragold.com

P.O Box 11144, Royal Centre
#2270 -1055 West Georgia Street
Vancouver, BC  Canada, V6E 3P3
Email: chris@integragold.com

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