Smartcool Systems has released the ECOhome device for the residential aircon market.

Smartcool Systems Inc. {TSX.V: SSC} has released a new product, the ECOhome, which will focus on the lucrative residential air conditioning market, targeting 40% savings in energy usage.

This compliments their existing commercial devices for large air conditioning and refrigeration systems.

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SMARTCOOL INTRODUCES THE ECOHOME TO THE RESIDENTIAL AIR CONDITIONING MARKET SAVINGS OF UP TO 40% TO THE HOMEOWNER

 

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Smartcool Systems Inc. has released a new product, the ECOhome, which will focus on the lucrative residential air conditioning market.

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Smartcool’s proprietary control-algorithm technology has delivered proven energy efficiencies and savings to some of the world’s best known brands over many years, including McDonalds, Burger King, Dell Computers, Tesco, General Electric, Hilton, Radisson, Mercedes Benz, Jaguar Motorcars, United Utilities, Telefonica, Emcor and SSE.

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Ted Konyi, Smartcool chief executive officer, said: “The company has built a pedigree of delivering meaningful energy savings at over 30,000 installations around the world, in some of the most challenging environmental conditions, to large commercial and industrial clients. We now feel the time is right to continue to expand our mission of bringing energy savings, environmental responsibility and carbon emission reductions to our planet by entering the largest and most exciting sector — the residential market.”

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Mr. Konyi continued, “The residential market in the United States alone is massive, with about 100 million residences with A/C and heat pump systems.”

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Don Iannucci has been appointed vice-president, business development — residential, and will lead the division that will introduce the new ECOhome product to the residential market.

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Mr. Iannucci’s career encompasses being a founder and senior executive of companies involved in data-mining and information-management software, telephony, Internet, cable, on-demand television, investment banking, and the consolidation of companies involved in providing heavy civil construction and oil field services. Mr. Iannucci’s marketing experience includes his co-founding of Novus Communications which built a fibre optic network of over 40,000 route miles — providing carrier transport, video and high-speed Internet services, and marketing those services to business and residential customers.

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Mr. Iannucci was central to the company’s marketing and acquisition activities and to several rounds of private equity and debt financing. Mr. Iannucci has worked for some of the largest marketing and communications companies in Canada (Baker Lovick/BBDO, Cossette and BCP), where he was responsible for overseeing the development of strategic marketing campaigns for some of Canada’s largest advertisers and marketers.

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Mr. Iannucci said: “This is a marketing guy’s dream — the time has never been better to market a product like the ECOhome. With electricity costs on the rise, green initiatives on everyone’s minds, and ever-warming temperatures, the residential homeowner will welcome the ability to save up to 40 per cent on their air conditioning costs.”

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Mr. Iannucci continued: “I expect our campaigns — initially targeting homeowners in the sunbelt states such as Florida, Texas, California, Nevada, Arizona, etc., (approximately 37 million homes with A/C) to be very well received. We plan to focus on the residential market with a direct-to-consumer approach using digital and television media to target our message of significantly saving money and reducing carbon emissions.”

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About Smartcool Systems Inc.

Smartcool Systems provides cutting-edge energy-efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40 per cent, giving customers a return on investment in as little as 12 months.

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We seek Safe Harbour.




Komet Resources insider acquires 200K shares

Komet Resources Inc. (TSX.V: KMT} insider Robert Wares acquired 200,000 shares of the business’s stock in a transaction dated Wednesday, November 29th.

The shares were bought at an average price of C$0.36 per share, with a total value of CAD $72,000.00.

 

 

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South Guiro

 

 

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Komet Resources Inc. TSX.V: KMT}  insider Robert Wares acquired 200,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were bought at an average price of C$0.36 per share, with a total value of CAD $72,000.00.

 

Komet Resources Company Profile

Komet Resources {TSX.V: KMT} engages in the acquisition, exploration, and development of mining properties in West Africa. The company owns a 100% interest in the Guiro-Diouga producing gold mining property located in northern Burkina Faso; and the Dabia South permit  located in the gold-mining camp of Kéniéba, Republic of Mali.




Noemetals’ AGM presentation released

Neometals {ASX: NMT} have published the Chairman’s address and presentation slides from their recent AGM, held in Perth, Australia.

 

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Chris Reed, CEO, presenting to the Diggers and Dealers Mining Conference in Kalgoorlie, August 2017

 

Neometals {ASX: NMT} have published the Chairman’s address and presentation slides from their recent AGM, held in Perth, Australia.

 

The Chairman’s address can be viewed here

 

 

The CEO presentation can be viewed here

 

 

 

 

 

 

 

 

 

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The UK treasury to crackdown on Bitcoin

Bitcoin  XBTC is to be regulated and a clampdown on Bitcoin transactions has been ordered by the UK treasury to prevent money laundering and tax evasion.

The only surprise is why this has taken so long?

 

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The announcement by the UK Treasury that Bitcoin transactions are going to be subject to KYC rules is no surprise to your humble scribe, the only question is why this has taken so long?

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It has been known for a long time that Bitcoin transactions were facilitating drug transactions, avoiding tax, and money laundering.

 

I suspect this will be repeated by other countries in quick succession, especially, the USA.

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In my opinion many coins (or tokens) are akin to securities, and should be treated and regulated as such, in order to protect the investing public, so this move was long overdue.

 

To read the article in full, please click HERE

 

 

 

 

 

 

 

 

 

 

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https://cointelegraph.com/news/crackdown-on-bitcoin-in-uk-over-money-laundering-tax-evasion




Lithium Power International and JV partners provide Maricunga update

Lithium Power International {ASX: LPI} and their JV partners Bearing Lithium {TSX.V: BRZ} and Minera Salar Blanco have provided an update on their Maricunga lithium project in Chile.

Lithium Power Intl. are earning in by funding development and exploration costs.

 

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Bearing Lithium Corp. (TSX.V:BRZ)  is pleased to provide an update on the Maricunga lithium brine project in Chile. Bearing will hold a final 17.7% interest in the Maricunga Project along with Minera Salar Blanco (“MSB”) and Lithium Power International Limited (ASX: LPI ) at 32.3% and 50% respectively pursuant to a joint venture arrangement. Under the terms of the Joint Venture, Lithium Power is earning into the project by funding exploration and development costs with both Bearing and MSB having a free carry until the completion of a definitive feasibility study.

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As previously disclosed, WorleyParsons, a global engineering firm, has been appointed by the Joint-Venture to lead the project design which culminates in a definitive feasibility study. Prior to the delivery of the definitive feasibility study in 2018, a preliminary economic assessment (“PEA”) is anticipated to be released before year-end 2017. The PEA will be based on an estimated production rate of 20,000 tonnes of lithium carbonate per year. The PEA will include process flow diagram of major units, process description to define the concentration and purification, equipment list, general arrangement of production ponds, plant block diagram and conceptual report for electrical generation. The study will also include capital and operational expenditures and after-tax cash flow forecasts and cash flow sensitivity to key inputs.

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Jeremy Poirier, Bearing Lithium President and CEO commented: “The PEA on Maricunga is an important milestone that shows the excellent progress of the project and its true potential as a world class lithium project. As the most advanced development project in Chile, Maricunga’s PEA represents yet another step to build shareholder value to our flagship asset.”

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Frits Reidel, CPG, who is a technical consultant to the Company and is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.  Frits Reidel is independent (as such term is used in National Instrument of Ni 43-101) of the Company.

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About WorleyParsons

WorleyParsons Ltd. is a publicly-listed Australian-based engineering firm (ASX:WOR) with a market capitalization of A$4.02 billion dollars. The company has extensive experience in Latin America with a number of lithium projects, including the expansion of Sociedad Química y Minera de Chile production from the Salar de Atacama in Chile from 28,000 tons to 40,000 tons of lithium carbonate per annum. SQM is the world‑leading producer and service provider in three main business areas – specialty plant nutrition, iodine and lithium – where it currently holds approximately one third of the worldwide market share. WorleyParsons also worked on the original feasibility study prepared by Lithium Americas for their Cauchari project in Argentina.




Radisson commences a 6,000 metre drill program at their Vintage Zone

Radisson Mining Resources Inc. (TSX.V: RDS) has started a 6,000-metre exploration drill program focused on the Vintage zone at the O’Brien gold project.

The project is located along the Cadillac Break halfway between Rouyn-Noranda and Val d’Or in Quebec, Canada.

 

 

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Radisson Mining starts 6,000 m of drilling at Vintage

2017-11-29 05:42 ET – News Release

Mr. Mario Bouchard reports

RADISSON STARTS A 6,000 METERS EXPLORATION DRILL PROGRAM ON THE VINTAGE ZONE AND COMMENCES A RESOURCE ESTIMATE UPDATE AT O’BRIEN

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Radisson Mining Resources Inc. (TSX.V: RDS) has started a 6,000-metre exploration drill program focused on the Vintage zone at the O’Brien gold project. The project is located along the Cadillac Break halfway between Rouyn-Noranda and Val d’Or in Quebec, Canada. The Vintage zone is parallel to, and to the north of, the bulk of current resources at O’Brien. The zone is located only 85 metres north of the Cadillac Break in a context that is similar to historical and producing mines in the Cadillac mining camp. The structure has been traced by drilling on over 825-metre strike length from east to west, vertical height of up to 580 metres and remains open in all directions. In parallel, the company awarded a contract to independent firm InnovExplo to complete a National Instrument 43-101 resource estimate update at the O’Brien gold project.

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Press release highlights

  • The company established a 6,000-metre exploration drill program;
  • 5,200 metres on the Vintage zone drill testing relatively shallow targets (from surface to 300 m depths) and lateral extension of the zone (see plan view and main drill results of 2017 campaign on the Vintage zone);
  • 800 metres targeting geophysical anomalies in the Pontiac sediments south of the O’Brien deposit;
  • Resource estimate update of the O’Brien gold project now under way. Thirty thousand metres of drilling completed for the most part with main purpose of expanding resources between surface and 500 metres at depth will be integrated in the resource update (see composite longitudinal section of the O’Brien project)

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Mario Bouchard, president and chief executive officer, commented: “We’re excited to continue to investigate the exploration potential of the Vintage zone with the start of a new drill program. Due to its high-grade potential and proximity to current resources, the Vintage zone will be an important part of O’Brien’s exploration plan moving forward. In parallel, with most drill results from 2017 drill campaign on hand; the company is on track to complete a resource estimate update at O’Brien during the first quarter of 2018.”

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Vintage zone exploration program

Vintage is a parallel zone of the O’Brien project located approximately 85 metres north of the Cadillac Break in the Cadillac group of metasediments comprising sequence of polymictic conglomerate, banded iron formation (BIF) and graywacke. In comparison, current resources of 36E and Kewagama zones are located in the Piche group, south of the Cadillac Break. The Vintage zone saw small historical exploration programs, which were never followed upon. In 2017, the company established several high-priority exploration drill targets through historical data compilation in this area of the O’Brien gold project. The first nine drill holes that tested these targets were completed over a strike length of 825 metres and up to 580-metre depth. The new info added to the few available historical information helps to demonstrate the continuity and the favourable geometry of the Vintage zone. All intercepts remain open in all directions.

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Resource estimate update

Independent firm InnovExplo completed last resource estimate for the O’Brien gold project in April, 2015. In November, Radisson awarded contract to InnovExplo to complete a resource estimate update at O’Brien. The resource estimate will incorporate all exploration work done on F zone, 36E, Kewagama and the Vintage zone.

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Since the last resource estimate, Radisson completed compilation and digitization of more than 60 years of historical work into a uniform database, a geophysical survey, relog and assay of historical drill core, 30,000 metres of drilling, and a maiden geological interpretation of the O’Brien gold project. The company expects the resource estimate update to be completed during first quarter of 2018.

 




Zenyatta Ventures appoint Brett Richards as Chairman

Zenyatta Ventures Ltd. {TSX.V:ZEN}  announced the appointment of Brett A. Richards to the Board of Directors of Zenyatta where he will also act as Chairman.

Mr. Richards, who is based in London, England, is a well-respected mining industry executive with over 32 years of mining and metals business development experience.

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Zenyatta Ventures Ltd. {TSX.V:ZEN} is pleased to announce the appointment of Brett A. Richards to the Board of Directors of Zenyatta where he will also act as Chairman.

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Mr. Richards, who is based in London, England, is a well-respected mining industry executive with over 32 years of mining and metals business development experience.   Brett has extensive mine project development, project financing, board and executive level experience on 5 continents in over 20 countries. He is currently the CEO of Midnight Sun Mining Corp. (TSXV:MMA), and has held executive management positions for private equity shareholders in the past including:  CEO, African Thunder Platinum; CEO, Renew Resources; and CEO, Octéa Limited.

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Brett is formerly the transition CEO of Roxgold through a successful shareholder proxy battle; was CEO of Avocet Mining plc from 2008 to 2012, and was part of the five (5) person start-up of Katanga Mining Limited from 2005 to 2008.  Brett’s other publicly listed experience was in senior executive positions with Kinross Gold and Co-Steel Inc.

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Brett has significant public and private Board and Board Committee experience both in Canada, United Kingdom, Norway and Johannesburg.  Brett is a Fellow of the Institute of Directors in London; a member of Ontario Association of Certified Engineering Technologists and (O.A.C.E.T.T. – Mechanical Engineering); a member of the London Metals Exchange (LME) and a member of the Prospectors and Developers Association of Canada (P.D.A.C).  He is currently the principal of Richards Enterprises Inc. (CI).

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Brett Richards commented, “I am very pleased to join the Board of Zenyatta Ventures. It has become apparent to me that Zenyatta has created considerable value from global collaboration and development related to the Albany high purity carbon material for conversion to an exciting nanomaterial called graphene.  I am looking forward to advancing both the Albany graphite deposit to production and development activities of graphene applications under ZEN-tech Materials.”

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Aubrey Eveleigh, President & CEO of Zenyatta commented, “We are very pleased to add a highly respected and accomplished mining executive of Brett Richards’ caliber to our Board.  Brett is a creative leader with vision, backed by deep technical knowledge and hands-on experience.  He will add considerable strength to our Board as we transition through pre-feasibility and prepare for the upcoming full feasibility study. Mr. Richards, who has a considerable network in the industry, will assist us in our efforts to organize and meet business objectives for both Zenyatta Ventures Ltd. and ZEN-tech Materials Limited.”

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In connection with the appointment of Brett Richards as Director and Chairman, he has been granted stock options to purchase up to 500,000 common shares in the capital of the Company. The options are exercisable at a price of $0.60 for a five year period.  Zenyatta will also be granting 240,000 stock options to consultants of the Company at the same price. The grant of such options is subject to regulatory approval.

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To find out more on Zenyatta Ventures Ltd., please visit the website www.zenyatta.ca or contact Aubrey Eveleigh, President and CEO of the Company, you may email at info@zenyatta.ca 




Colonial Coal make a significant new discovery at Flatbed

Colonial Coal {TSX.V: CAD} have announced a significant new discovery after their first drill campaign on their Flatbed property, located in B.C., Canada.

The near 300 million tons inferred resource adds their already declared 400 million tons at their Huegenot property, located in the prolific Peace River Coal region.

 

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Colonial Coal announce a significant discovery at Flatbed.

 

 

Colonial Coal {TSX.V: CAD} have announced a significant new discovery after their first drill campaign on their Flatbed property, located in B.C., Canada.

The near 300 million tons inferred resource adds their already declared 400 million tons at their Huegenot property, located in the prolific Peace River Coal region.


 

Colonial releases NI 43-101 Flatbed resource estimate

2017-11-27 09:19 ET – News Release

Mr. David Austin reports

COLONIAL COAL ANNOUNCES INITIAL FLATBED RESOURCE ESTIMATE

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Colonial Coal International Corp. has recently completed its previously announced first phase of its coal exploration program on its 100-per-cent-owned Flatbed coal project located in northeast British Columbia (see news release dated Oct. 30, 2017).

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Geologic modelling and resource estimation of the Flatbed exploration results, carried out by Norwest Corporation (“Norwest”), have identified an Inferred underground mineable coal resource of 298 million tonnes (Mt). Norwest’s review of the coal quality results from drill core samples indicates these coal resources have coking properties after beneficiation.

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The coal resources estimated by Norwest are in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) and have been conducted in conjunction with the preparation of a NI 43-101 technical report which will be completed and filed on SEDAR within 45 days.

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The Inferred coal resource estimates have been determined using a minimum seam thickness of one metre, limited to a maximum depth below surface of 900 metres. Eight coal seams are present with true thicknesses from the exploration data ranging from 1.2 metres to 5.3 metres that combine for an average total true thickness of 20.9 metres. Average seam dip is 11 degrees towards the southwest. The resource estimates are shown below for each coal seam from stratigraphic top to bottom.

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David Austin, President and CEO of Colonial, commented on the Company’s recent exploration results as follows: “We are very pleased with and proud of our recent exploration results at Flatbed and we congratulate our team on their success to date. We look forward to continued exploration and further updates on plans for advancing the Flatbed property.”

 

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                                        Flatbed Coal Resource Estimates

              Seam ID              Formation           Classification            Resource (Mt)

                   B                 Gates                  Inferred                    52.2

                   D                 Gates                  Inferred                    36.6

                   E                 Gates                  Inferred                    19.1

                   F1                Gates                  Inferred                    21.0

                   F2                Gates                  Inferred                    49.2

                   G                 Gates                  Inferred                    34.8

                   J                 Gates                  Inferred                    54.2

                   K                 Gates                  Inferred                    30.9

                            Total                           Inferred                    298.0

 

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The estimated raw coal qualities for each coal seam, presented on an air-dried basis (adb), are as follows:

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                                             Flatbed Raw Coal Quality

Seam      Recovery        Moisture    Ash %     Volatiles       Fixed Carbon   Sulfur %         Volatiles   Coal
 ID          %            % (adb)     (adb)     % (adb)            % (adb)       (adb)          % dmmf      Rank

 B            83            0.71       32.57      20.08            46.63         0.90            26.90      mvb

 D            68            0.57       19.74      22.47            57.22         0.98            26.43      mvb

 E            83            0.58       14.98      21.78            62.66         1.44            24.26      mvb

 F1          100            0.31       22.83      19.85            57.01         0.45            23.86      mvb

 F2          100            0.55       15.85      20.40            63.20         0.35            23.12      mvb

 G            78            0.62       33.48      16.22            49.68         0.47            21.21      lvb

 J            99            0.64       17.99      17.40            63.97         0.32            19.85      lvb

 K            53            0.77       24.35      15.70            59.18         0.35            18.71      lvb



The raw coal quality results have been adjusted for core loss. The amounts of core loss within the coal seams are considered acceptable for the estimation of coal quality results as presented. Volatile contents on a dry, mineral matter free (dmmf) basis, range from 18.71% to 26.90%, indicating that the coal seams range in rank from low volatile bituminous (lvb) to medium volatile bituminous (mvb).

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Washability tests, conducted at Birtley Coal and Minerals Testing (Calgary, Alberta), mostly targeted clean coal in the 8% to 9% ash (adb) range. The estimated washed coal qualities and laboratory determined theoretical yields (adjusted for core loss), are tabulated below using results from the 9.5mm x 0.25mm size fractions, which typically comprise 97% – 98% of the crushed Flatbed coal samples.

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                   Flatbed Washed Coking Coal Quality (9.5mm x 0.25mm fraction)

Seam       Cut Point      Moisture      Ash %      Volatiles     Fixed Carbon          Theoretical
                                                                                FSI*
 ID          S.G.         % (adb)       (adb)      % (adb)          % (adb)             Yield %


 B           1.55            0.56        9.29        24.74             65.41     7        58.3

 D           1.45            0.43        8.86        24.83             65.88    5.5       59.5

 E           1.50            0.70        8.33        22.28             68.69     8        80.7

 F1          1.50            0.42        8.73        21.56             69.29     8        62.2

 F2          1.60            0.82        8.05        20.98             70.15     7        83.2

 G           1.55            0.53        8.64        20.57             70.26     7        54.2

  J          1.55            0.47        8.66        18.17             72.70     4        79.2

 K           1.50            0.48        5.61        18.40             75.51     4        65.8

       *            FSI values are rounded to the nearest half-unit.

This news release has been reviewed by Derek Loveday, of Norwest, a Professional Geologist and Qualified Person as defined in NI 43-101.

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About Colonial Coal International Corp.

Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on coking coal projects. The northeast Coal Block of British Columbia, within which our Corporation’s projects are located, hosts a number of proven deposits and has been the subject of M&A activities by Xstrata, Anglo-American and others.

We seek Safe Harbor.

 

 




Barkerville Gold ex CEO Frank Callaghan denies wrongdoing

Barkerville Gold {TSX.V: BGM} recently took out a court action against former CEO Frank Callaghan, alleging breach of confidential information to stake ground wanted by the company, and then offer it for sale to the company after staking it.

Callaghan has denied this in a reply to the court, stating the land was available to stake.

 

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By Mike Caswell.

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Frank Callaghan denies that he did anything wrong in acquiring a claim near Barkerville Gold Mines Ltd.’s property. He says that the claim was available for staking and Barkerville had not taken the ground. He also denies using confidential information in acquiring the claim.

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The statements from Mr. Callaghan come in response to a lawsuit that Barkerville filed against him in the Supreme Court of British Columbia. The company claimed that he and a former Barkerville contractor, Angelique Justason, used the company’s confidential information in staking the claim at issue. Mr. Callaghan then offered to sell the property to Barkerville, the company said.

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For his part, Mr. Callaghan contends that he did nothing wrong. In a response filed on Nov. 16, 2017, he says that the claim was available for anybody to acquire. Barkerville never owned the ground and it became available to the public on the website of the Mineral Titles Branch.

 

 




Crypto currencies total market cap surpasses $385 billion

Bitcoin $BTC has surged once again, along with many other crypto currencies, and their total market cap now exceeds $285 billion, which is $30 billion higher than the value of VISA.

The rise seems unstoppable, and each regulatory blow only temporarily halts the rise, before it resumes again with renewed strength.

 

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Bitcoin $BTC has surged once again, along with many other crypto currencies, and their total market cap now exceeds $285 billion, which is $30 billion higher than the value of VISA.

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The rise seems unstoppable, and each regulatory blow only temporarily halts the rise, before it resumes again with renewed strength.

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It would appear only a knock out blow like major world governments outlawing the use of the currencies, which is possible, or else they seem destined to continue rising, as everyone believes they can only go up.

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Bitcoin cash and Ethereum have seen large rises in the last week or so, as they seem to be considered better value after the recent Bitcoin strong run.

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It would be a brave man to predict where the top might come, but we do not appear to be there yet.

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Tinka Resources win Mining Journal Explorer of the Year 2017 award

Tinka Resources {TSX,V: TK} have won the coveted Mining Journal “Explorer of the Year 2017” award, after a successful year where they have substantially raised their resources at Ayawilca in Peru.

 

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To some it 

Tinka Resources {TSX,V: TK} have won the coveted Mining Journal “Explorer of the Year 2017” award, after a successful year where they have substantially raised their resources at Ayawilca in Peru.

 

.For followers of the company it was not a surprise, they have consistently added to their resources throughout  successful 2017 drill campaign, and the new estimate surprised most analysts to the upside, which is nice!

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The November 8th updated resource estimate came in at 42.7 million tons of zinc, and 10 million tons of tin.  Given the recent price increases for both metals, particularly the former, Tinka used a lower cut-off grade.

 

 

Map of the project showing the old resource numbers

 

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The closure of five major zinc mines, reducing capacity by 500K tons per annum is clearly helping the momentum for zinc. One potential dark cloud on the horizon is that Glencore are considering opening mothballed zinc mines in the near future, as a result of the increased prices. They will be careful to support the current market rather than send the price retreating backwards of course.

 

 

 

 

 

 

 

 

 

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Colonial Coal upgraded to a “buy” by ValuEngine

Colonial Coal {TSX.V: CAD} has been upgraded to a “buy” from a “hold” rating by the US based research company ValuEngine

ValuEngine upgraded shares of Colonial Coal  in a research report report published on Thursday.

 

 

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Colonial Coal {TSX.V: CAD} has been upgraded to a “buy” from a “hold” rating by the US based research company ValuEngine

ValuEngine upgraded shares of Colonial Coal  in a research report report published on Thursday.

Colonial Coal International Corp. is an exploration-stage company.

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The Company’s principal activities include acquisition, exploration and development of coal properties located in Canada. Its portfolio projects include Flatbed Coal Project, Tuya River Project, and Huguenot Coal Project.

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Its Flatbed Coal Project is a metallurgical coal project consisting of approximately eight coal licenses covering a total area of approximately 9,610 hectares.

 

 

 

 

 

 

 

 

 

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Cartier Intersects 9.4 g/t Au over 6.5 Meters at Chimo Mine, Quebec

Cartier Resources Inc. {TSX-V: ECR} announced results from its 25,000 metre ongoing drill program on their Chimo Mine property, located 45 km east of Val-d’Or., Quebec.

The 2B Zone (2 Structure) was intersected 150 m east-north-east of the shaft   The intersection graded 9.4 g/t Au over 6.5 m including 56.0 g/t Au over 0.5 m and 25.2  g/t Au over 2.0 m

 

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Cartier Intersects 9.4 g/t Au Over 6.5 Meters at Chimo Mine

 

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Val-d’Or, November 17th, 2017 – Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce results from its 25,000-m ongoing drill program on the Chimo Mine property, located 45 km east of Val-d’Or. The 2B Zone (2 Structure) was intersected 150 m east-north-east of the shaft (FIGURE).  The intersection graded 9.4 g/t Au over 6.5 m including 56.0 g/t Au over 0.5 m and 25.2  g/t Au over 2.0 m.

 

 

 

 

 

 

 

 

 

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Smartcool Systems announce the addition of a Brazil based distributor

Smartcool Systems Inc. {TSX.V: SSC} announced the addition of a new distributor for its Energy Efficiency products in Brazil. Located in São Paulo, Valor Energia has successfully developed and managed several major alternative green power projects.

 

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Smartcool Systems Inc. {TSX.V: SSC}, is pleased to announce the addition of a new distributor for its Energy Efficiency products in Brazil. Located in São Paulo, Valor Energia has successfully developed and managed several major alternative green power projects.

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From Wind Farms to Solar installations and Hydroelectric projects, Valor Energia, has developed many projects in the energy sector and are now going to be applying their skills to energy efficiency projects.

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Ted Konyi, CEO, Smartcool Systems commented “Brazil represents a tremendous market opportunity for Smartcool. Given the high electricity rates, high ambient temperatures, and the very large concentrated population, this is a perfect combination for generating significant economic and ecological returns for customers. Valor Energia has the team required to be successful with Smartcool technology and we look forward to a successful partnership.”

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Armindo Bredariol Jr., Managing Director, Valor Energia added “we have been searching for the best Energy Efficiency technologies to provide to our existing customer base and believe we will be very successful with the Smartcool products. First installations will be commenced within the next month with some multi location customers. With successful reference cases, our sales team will be able to rapidly expand the installed base. Brazil’s population of over 200 million means that there are large refrigeration requirements and with average ambient temperatures of 24C, much air conditioning. Both of these suggest a very large market opportunity. We are looking forward to working with Smartcool to develop this market.”

 

 

 

 

 

 

 

 

 

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Goldmining completes acquisition of The Crucero Gold Project in Peru from Lupaka Gold

GoldMining Inc.  {TSX.V: GOLD}  announced that, further to its news release dated September 19, 2017, the Company has completed its acquisition of the Crucero Gold Project  located in Southeastern Peru from Lupaka Gold Corp. 

 

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Goldmining Completes Acquisition Of The Crucero Gold Project In Peru From Lupaka Gold.

 

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NOVEMBER 21, 2017

Highlights:

  • Acquisition of a 100% interest in the Crucero Gold Project in Southeastern Peru;
  • Lupaka previously reported a pit constrained indicated resource of 1.00 million ounces grading 1.01 g/t gold and an inferred resource of 1.03 million ounces grading 1.03 g/t gold at a 0.4 g/t gold cut-off at the Project . GoldMining is treating this estimate as a historic estimate and plans to engage a qualified person to complete the necessary work to verify the estimate and complete an independent technical report (see below);
  • Approximately 23,000 m of diamond drilling over 72 holes have been completed historically; and
  • Total consideration at closing will be 3,500,000 common shares and $750,000 in cash representing less than 3% dilution to GoldMining shareholders.

 

Vancouver, British Columbia– November 21, 2017 – GoldMining Inc. (the “Company” or “GoldMining“) (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce that, further to its news release dated September 19, 2017, the Company has completed its acquisition of the Crucero Gold Project (the “Project”) located in Southeastern Peru from Lupaka Gold Corp. (“Lupaka”).  This transaction represents GoldMining’s first acquisition in Peru, which is among the world’s largest producers of gold, copper and silver, and ranks as one of the most attractive jurisdictions for mining investment in Latin America (Fraser Institute, 2016).

 

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Amir Adnani, Chairman of GoldMining, commented: “We are very pleased to close on our third meaningful gold resource acquisition this year, a testament to the hard work and dedication of our team in identifying and executing on our vision of consolidating gold assets in the Americas.  Peru is a highly regarded mining jurisdiction, and we’re keen to establish our presence in-country with the acquisition of Crucero. We look forward to working with our technical staff and consultants to update the resource at Crucero in the coming months, further building upon our already sizeable resource base to maximize gold leverage for our shareholders.”

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Garnet Dawson, CEO of GoldMining, commented: “The Project is in the Puno Orogenic Gold Belt, which is seeing renewed exploration activity and is the source of extensive alluvial placers in the region.  With this acquisition, we will be acquiring not only a project in a favourable mining jurisdiction with a historic pit-constrained resource, but also one that has had significant historical investment and exploration that has identified numerous targets for follow-up exploration.”

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The Transaction

Pursuant to the Agreement, GoldMining has acquired all of the shares of a wholly owned subsidiary of Lupaka, which holds a 100% interest in the Project.  Total consideration payable by GoldMining to Lupaka under the transaction is 3,500,000 common shares of GoldMining (the “GoldMining Shares”) plus $750,000 in cash.

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The GoldMining Shares issued under the transaction are subject to certain resale restrictions pursuant to the terms of the Agreement.

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The Project

The Project is located 150 km northeast of the city of Juliaca in the Department of Puno, in southeastern Peru.  The Project is road accessible by paved road from Juliaca to the town of Crucero, with the remaining 50 km to site by gravel road.  High-power electrical lines pass within 8 km of the property.

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The Project is comprised of three mining and five exploration concessions with an aggregate area of 4,600 hectares.  The three mining concessions are held indirectly by a subsidiary of GoldMining through a 30-year assignment from a third party running until 2038 and are subject to certain net smelter return royalties of 1-5%, based on monthly gold prices.

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Historic exploration programs have focused on the A1 deposit, however geophysical and geochemical surveys have identified 10 additional targets (A2 to A11) for follow-up exploration.  The A1 deposit, as currently defined by trenching and drilling, strikes northwest and dips vertically to steeply to the northeast.  The deposit is approximately 750 m long by 100 m in width and has been traced to a vertical depth of 400 m, but most of the drilling is confined to within 250 m of surface.  The deposit is open at depth and along strike to the northwest and southeast.  The orogenic gold mineralization is associated with sulphide veins hosted within strongly deformed metasedimentary rocks.

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The A1 deposit was the subject of a resource estimate published by Lupaka in 2013 (Table 1), which will be treated as a historic estimate by GoldMining.  The conceptual pit delineated resource was based on 72 diamond drill holes (approximately 23,000 m) and is reported within a conceptual pit shell.  High-grade gold values were capped at 17 g/t gold with 5 assays falling above this value.  Average bulk density of 2.85 g/cm3 was used to convert block model volumes to tonnages.




Cascadero Copper announce Sarita Este Gold Project Update – First Phase Of 2017 Exploration 

Cascadero Copper {TSX.V: CCD}  announced the results of Phase One of its Sarita Este program in the Puna region of Salta Province, Argentina.
The Sarita Este prospect is an untested gold bearing system that is believed to represent a high-sulphidation epithermal system peripheral to First Quantum’s Taca Taca copper-molybdenum-gold porphyry deposit.

 

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Cascadero Copper {TSX.V: CCD}  is pleased to announce the results of Phase One of its Sarita Este program in the Puna region of Salta Province, Argentina.

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The Sarita Este prospect is an untested gold bearing system that is believed to represent a high-sulphidation epithermal system peripheral to First Quantum’s Taca Taca copper-molybdenum-gold porphyry deposit located approximately six kilometres to the northeast.

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Of the 128 prospecting rock samples collected in the area since 2004, 87 (68%) are greater than 1 ppm gold and 36 (28%) are greater than 10 ppm gold. The gold bearing samples are from sheeted quartz veins within a broad area of recessively weathered limonitic, sericitic and clay altered volcaniclastics. The alteration system appears to be structurally controlled exhibiting a strike length of 1,200 metres in a NNW trending direction and 400 metres wide. Outcrop is limited by the recessive weathering and the prospect is open in all directions. The samples are selective grab samples, and the geochemical results are not necessarily representative of the mineralization hosted on the property.

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The October 2017 program consisted of grid soil sampling, rock sampling detailed structural and geological mapping. A total of 646 soil samples were collected from the ‘C’ horizon, and a total of 218 rocks samples were collected, including 46 one-metre channel samples from three (3) historic 2012 Cascadero trenches.

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All samples were shipped to the Alex Stewart Argentina SA Lab in Mendoza for preparation and analysis of 42 elements by 4 acid digest and Ultratrace ICP-MS, and gold by fire assay AA. Currently, the QA/QC program consists of the insertion of duplicates and standards at the lab. A more rigorous QA/QC program of field blanks and standards will be implemented once drilling and trenching begins.

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Alex Stewart Argentina SA is an ISO 9001 and ISO 14001 accredited analytical lab and is not a related party to Cascadero Copper Corp. Phase Two trenching and systematic sampling of the Sarita Este zone will begin once results have been received and permitting is in place.

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The Sarita Este property is an early stage exploration project on which no mineral resource has been identified nor has the economic viability or technical feasibility been established. The property has never been subject to a drill program.




Swiss firm launches a futures product to allow shorting of Bitcoin

Bitcoin – Swiss asset management firm Vontobel will launch a new futures product designed to let customers bet against the price of bitcoin.

To be launched on the SIX Exchange, the offering will enable investors to reap gains even if the bitcoin price plunges. The company will release two mini futures, a type of derivatives instrument that represents a fraction of the value of standard futures.

 

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Swiss asset management firm Vontobel will launch a new futures product designed to let customers bet against the price of bitcoin.

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To be launched on SIX Exchange this Friday, the offering will enable investors to reap gains even if the bitcoin price plunges. According to Reuters, the company will release two mini futures, a type of derivatives instrument that represents a fraction of the value of standard futures.

 

According to Eric Blattmann, head of public distribution of financial products at Vontobel, the news comes at a time when traditional traders are simply looking for more options when it comes to trading cryptocurrencies.

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

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Condor Gold files preliminary prospectus for the TSX

Condor Gold {AIM: CNR} announced that it has filed a preliminary non-offering prospectus (‘preliminary prospectus’) with the Ontario Securities Commission.

 

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Comment

It will be interesting to see if Condor gains traction in Canada, where they will be a small fish in a very large pond!

I do not share their optimism, I think this move has a look of desperation about it, but we shall see in due course.

And, sadly, they have still not informed investors of the protests against La India, which have been ongoing for some time now!

 

 

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Condor Gold Plc Files Preliminary Non-offering Prospectus for TSX



LONDON, November 17th 2017.

Further to the announcement on 24th October, 2017, regarding the receipt of conditional approval from the Listing Committee of the Toronto Stock Exchange (‘TSX’), Condor Gold (‘Condor’, ‘Condor Gold’ or ‘the Company’) (AIM: CNR; OTCQX: CNFGF) is pleased to announce that it has filed a preliminary non-offering prospectus (‘preliminary prospectus’) with the Ontario Securities Commission.

Mark Child, Chairman and CEO comments:“The TSX listing will further build the profile of the Company and understanding of its potential among North American investors. Condor’s Central American focus and the robust attributes of its flagship La India Project make a compelling case for listing the Company on the TSX, the number one public market globally for mining companies.

“La India Project contains a mineral resource in the Indicated category of 9.6 million tonnes (‘Mt’) at 3.5 grams per tonne (‘g/t’) for 1.08 million oz gold and a total mineral resource in the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold, together with mineral reserve in the Probable category of 6.9 Mt at 3.0 g/t for 675,000 million oz gold. The Indicated mineral resource is inclusive of the mineral reserve. The La India Project is permitting a 2,800 tonnes per day processing plant with a capacity to produce 100,000 oz gold per annum from a single open pit. Condor continues with its strategy of proving a major Gold District.”

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The preliminary prospectus is a non-offering prospectus, which contains important information relating to the Company’s business and operations and ordinary shares, and is still subject to completion or amendment and final receipt and acceptance by the Ontario Securities Commission. Copies of the preliminary prospectus are available under the Company’s profile on SEDAR at http://www.sedar.com. The Company will update investors once this has been accepted in final form by the Ontario Securities Commission and the other conditions to listing on the TSX have been satisfied.  .The Company will remain listed on the AIM market of the London Stock Exchange and its shares trade on the OTCQX.




Scorpio Gold announces the engagement of a financial advisor for Mineral Ridge

Scorpio Gold Corp. {TSX V:SGN} announced it has engaged Bordeaux Capital Inc. (“BCI”) to act as its exclusive financial advisor in connection with the Company’s financing for the construction of the processing facility at its Mineral Ridge property, located in Nevada.

 

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Scorpio Gold Announces Engagement of Financial Advisor

    Vancouver, November 15, 2017 – Scorpio Gold Corporation (TSX V:SGN) is pleased to announce it has engaged Bordeaux Capital Inc. (“BCI”) to act as its exclusive financial advisor in connection with the Company’s financing for the construction of the processing facility at its Mineral Ridge property, located in Nevada.
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    BCI is a Toronto-based financial advisory boutique that specializes in structuring capital solutions for public and private corporations, with a focus on raising debt financing. BCI’s principals have a combined 50 plus years of experience in the capital markets, including providing financial advisory services to corporate clients in Canada, the U.S. and beyond. Furthermore, BCI’s principals have worked with Scorpio Gold’s directors & management over the past decade in various roles, and across several companies which the directors & management have been involved with.

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    Mineral Ridge was in production until early November 2017 as a conventional open pit mining and heap leach operation. In October 2017, the Company announced a positive feasibility study to reprocess the heap leach residual material, recovering a substantial portion of the 122,000 ounces of gold contained and providing approximately five more years of mine life at Mineral Ridge.

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    The Company has also engaged Mine Technical Services to prepare an NI 43-101 compliant resource and reserve estimate and updated mine plan for other mineable mineral resources already defined on the property, which could further extend the Mineral Ridge life of mine. Further exploration at Mineral Ridge may also add additional resources.



    Radisson discovers 27.5 g/t Gold over 1.4 m near surface at O’Brien

    Radisson Mining Resources Inc. {TSX.V: RDS}  is pleased to announce that hole OB-17-56 has successfully extended the Vintage zone by 500 m along strike at the O’Brien gold project. The project is located along the Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec.

     

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    Radisson discovers 27.5 g/t Gold over 1.4 m near surface, extends the Vintage Zone to 825 meters along strike at O’Brien
     

    Press release highlights:

    • Hole OB-17-56 extended the Vintage Zone by over 500 meters along strike with intercept of 27.5 g/t Gold over 1.4 m at a depth of 65.8 m
    • The Vintage Zone has been now traced over a strike length of 825 meters and vertical depth of up to 580 meters.
    • Assays are pending from 2 additional exploration drill holes completed on the Vintage Zone in 2017.

    Rouyn-Noranda, Quebec –  Radisson Mining Resources Inc. {TSX.V: RDS}  is pleased to announce that hole OB-17-56 has successfully extended the Vintage zone by 500 m along strike at the O’Brien gold project.

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    The project is located along the Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. The Vintage zone is parallel to, and to the north of bulk of current resources at the O’Brien project. The zone is located only 85 meters north of the Cadillac Break in a context that is similar to producing and historical mines in the Cadillac mining camp. The structure has been traced by drilling on over 825 meters strike length from East to West, vertical height of up to 580 meters and remains open in all directions.

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    Mario Bouchard, President and CEO commented: “Current exploration results continue to increase the overall dimension of the Vintage Zone. High-grade gold intercepts have been obtained from 65 meters to 580 meters at depth in the first nine holes completed on Vintage in 2017. Due to its high grade and proximity to current resources, the Vintage Zone will be a key part of O’Brien’s exploration plan moving forward”.