Cascadero demonstrate cesium recovery from their Taron deposit in Argentina

Cascadero {TSX.V: CCD} have successfully demonstrated the recover of the rare element cesium, from their Taron project located in Argentina.

 

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Cesium Recovery from the Taron Deposit Demonstrated

November 7, 2017

The recovery of Cesium from a mineral sample from the Taron target deposit has been demonstrated.  The mineral sample was obtained from the 2009 drill program (drill hole number TAR-09-5).  A sub-sample was crushed and ground to a particle size of 100 microns (P80).  The Cesium content of the sample was analyzed at 4761 ppm or 0.476%.

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The metallurgical treatment of this sample was demonstrated at the University of British Columbia (UBC), Department of Materials Engineering, Vancouver, Canada.

Highlights included:

  • 94.7 % extraction of Cesium after 4 hours of leaching at 90 C with 250 g/L H2SO4 and 20 % Solids
  • Recovery of 97.8 to 99.4% of the Cesium as a Cesium Aluminum Sulfate (Alum) precipitate after addition of aluminum sulfate and cooling to 4 C.
  • Purification of the Cesium-containing alum using (1) re-dissolution and re-precipitation of alum by hot water leaching, cooling and filtration, (2) re-dissolution of purified alum by hot water leaching followed by removal of aluminum and sulfate by stepwise precipitation by addition of barium hydroxide.  The result of this treatment was a high – purity Cesium hydroxide solution.
  • Conversion of the Cesium hydroxide solution to Cesium formate solution by simple addition of formic acid.
  • The co-precipitation of iron, arsenic and other species from the leachate using neutralisation with limestone was demonstrated.

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

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Kootenay partner Aztec Minerals commences drilling at Cervantes

Kootenay Silver Inc. {TSXV: KTN}  announced its exploration partner Aztec Minerals Corp. (TSX.V: AZT)  today announced the commencement of a diamond core drill program on the Cervantes gold-copper porphyry property in Sonora State, Mexico.

 

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Kootenay Silver Inc. (TSX.V: KTN)  is pleased that its exploration partner Aztec Minerals Corp. (TSX.V: AZT)  today announced the commencement of a diamond core drill program (the “Program”) on the Cervantes gold-copper porphyry property in Sonora State, Mexico.

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The Program will consist of 14 to 17 holes totalling approximately 3,000 metres to test the gold oxide cap located in the California Zone, where 50m x 50m spaced soil sampling identified a 600 m wide by 900 m long gold anomaly averaging 0.44 grams per tonne (“gpt”).

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Drilling will also test the gold-copper oxide mineralisation found in the Jasper target, where Aztec recently identified 92.4m of 0.62 gpt gold and 0.52% copper in trenching (see Aztec’s news release dated October 3, 2017).  During the Program, Aztec will drill one hole to approximately 500m depth to test one of the geophysical chargeability / resistivity anomalies identified by the induced polarisation survey conducted last year for gold-copper sulphide mineralisation.

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The full Aztec news release can be found on their website or SEDAR profile.

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The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages which would leave Kootenay with a 2.5 % NSR and a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate (see Kootenay news release dated October 13, 2015).

 

 

 

 

 

 

 

 

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Neometals – Updated Euroz broker note issued

Neometals {ASX: NMT} – Euroz Securities has issued an updated broker note on Neometals.

Neometals has risen strongly on news in the last few weeks, and this is addressed in the note.

 

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Euroz Securities has issued an updated broker research note on Neometals..

 

To access the report, please click HERE

 

 

 

 

 

 

 

 

 

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Bitcoin cash retraces after violent surge upwards after SegWit2 “hard fork” cancelled

Bitcoin Cash $BCH has retraced after surging violently upwards following the canellation of the Bitcoin SegWit2 “hard fork” a few days ago, as reported here at the time.

After topping $2,000 per BCH briefly, the price has now retraced and sits around $1,600.

 

 

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Bitcoin $BTC, which was trading over $8,000 just a couple of says ago, is now sitting around the $6,100 dollar mark, highlighting just how volatile investment in the crypto world acually is!

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In percentage terms, the fall is around 25%, though long term holders have enjoyed a massive percentage rise in 2017, so only recent buyers at the top will have concerns.

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To read the full article, please click HERE

 

Please note that prices are fluctuating currently so will have changed by the time you read this article!

Please check for current prices.

 

 

 

 

 

 

 

 

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Barkerville Gold intersects 29.26 G/T AU over 4.45 M at their Shaft Zone

Barkerville Gold Mines Ltd. {TSX.V: BGM}  announced additional drilling results from the ongoing 160,000 metre Phase II Island Mountain exploration and infill drilling program at the Company’s flagship Cariboo Gold Project.

 

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 Barkerville Gold Mines Ltd. {TSX.V: BGM}  announced additional drilling results from the ongoing 160,000 metre Phase II Island Mountain exploration and infill drilling program at the Company’s flagship Cariboo Gold Project.   

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The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralisation on the BC Vein. Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

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Beta Corridor Continues to Demonstrate Continuity
The Company is pleased to announce that the ongoing infill drilling on the Beta Corridor continues to demonstrate grade and geological continuity. Phase II drillhole IM-17-180 predictably intersected veining in the Beta Corridor averaging 29.26 g/t Au over 4.45 metres at a vertical depth of 410 metres below surface and is situated 20 metres southwest along corridor strike from previously disclosed drillhole IM-17-044 which intersected 24.70 g/t Au over 6.60 metres.

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New mineralisation at depth was also demonstrated by IM-17-180 having pierced veining grading 17.91 g/t Au over 2.85 metres at a depth of 510 metres below surface. The Beta Corridor remains open for expansion to depth.  

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On the southeastern flank of the Shaft Zone, Phase II drillhole IM-17-174-1 intersected 32.02 g/t Au over 3.90 metres in an area of low drilling density, situated 110 metres below surface. This same drillhole also pierced a larger network of veining with subintervals grading 107.50 g/t Au over 0.50 metres, 11.03 g/t Au over 1.65 metres and 11.15 g/t Au over 3.45 metres. Additional drilling is planned in this largely unexplored portion of the Shaft Zone to determine the potential for another veining corridor.

 

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Shaft Zone – Corridors Discussion
The sandstone hosted veining which constitutes the newly named Alpha, Beta and Gamma Corridors of the Shaft Zone are manifested as an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the corridors are variable and range from 5 to 35 metres. These corridors, as well as others that are developing in the Shaft and Valley Zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drillhole spacing in the corridors currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

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

 

 

 

 

 

 

 

 

 

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Smartcool Systems presentation impresses London investors

Smartcool Systems Inc. {TSX.V: SSC} CEO Ted Konyi presented to the City Investors Circle in London, and impressed the audience with a solid presentation.

Konyi was accompanied by technical and sales team members, who highlighted the progress and potential of their energy saving products.

 

 

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Smartcool Systems Inc. {TSX.V: SSC} CEO Ted Konyi presented to the City Investors Circle in London, and impressed the audience with a solid presentation.

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Konyi was accompanied by technical and sales team members, who highlighted the progress and potential of their energy saving products. Of particular interest was the existing clients in the UK and the enlargement of the sales team to ramp up the sales effort in the UK and Germany, both high cost electricity countries.

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Smartcool’s ECO3 is an energy efficiency retrofit product that can save an average of 15% kWh energy used by the compressor in air conditioning, refrigeration and heat pump systems (HVAC-R). The ECO3 achieves savings using intelligent cycle optimization technology.

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The ECO3 can improve energy efficiency for one or two compressor or stage systems including:

  • Packaged air conditioning systems – both residential and commercial
    Small commercial refrigeration systems
  • Combined heat pump systems – both residential and commercial
  • Even on the most modern equipment with intelligent controls, or where other energy saving processes are already installed, Smartcool’s ECO3 provides energy efficiency gains.

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Smartcool’s ESM is an advanced energy efficiency retrofit product that can save an average of 15% kWh energy on compressor operation in even the most complex air conditioning and refrigeration systems (HVAC-R).

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Energy savings by the ESM are achieved using the compressor optimisation strategy most appropriate for the exisiting equipment. As a modular product, the ESM is customised for each installation, giving it complete compatibility with a wide range of equipment and controls.

 

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Smartcool’s ECO3 and ESM use intelligent compressor optimisation to save an average 15% kWh and give customers a payback in 12 to 36 months.

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Air conditioning, refrigeration and heat pump (HVAC-R) units waste a lot of energy through natural inefficiency. Their compressors consume about 70% of the total energy used by the system. The average building has about 35% of its total energy used up by these systems- and many businesses see much more of their energy bill coming from their cooling systems.



Bitcoin SegWit2x cancelled

Bitcoin $BTC users around the world breathed a sigh of relief that the highly contentious SegWit2x “hard fork” has been cancelled.

 

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Bitcoin $BTC users around the world breathed a sigh of relief that the highly contentious SegWit2x “hard fork” has been cancelled.

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

 

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Radisson Intersects 10 g/t Gold over 6m and 7.4 g/t Gold over 6m at O’Brien

Radisson Mining Resources Inc. {TSX.V: RDS}  announced additional results from the 20,000 metre drill program completed at the O’Brien gold project located along the Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.

 

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Radisson Intersects 10.0 g/t Gold over 6 m and 7.4 g/t Gold over 6 m inside QFP dikes in a resource expansion drill hole at O’Brien
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Rouyn-Noranda, Quebec  – Radisson Mining Resources Inc. (TSX-V: RDS) (“Radisson” or the “Company”) is pleased to announce additional results from the 20,000 m drill program completed at the O’Brien gold project located along the Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. As disclosed in May 9th (see previous release), June 20th (see previous release) and September 12th (see previous release) press releases the company continues to confirm the vertical and lateral continuity of high-grade gold intercepts within wider lower grade mineralized envelopes on the 36E zone of the O’Brien deposit.

Press release highlights:

  • Hole OB-17-52 intersected 10.0 g/t Au over 6 m and 7.4 g/t Au over 6 m at depth of 218 m and 242.5 m respectively. Both intercepts are included in Quartz Feldspar Porphyry dikes in the central portion of the Piche group. (See figure 1, figure 2 and figure 3).
  • Today’s results are from 2,822 m of drilling (6 drill holes), assays are currently pending from 3,310 m of drilling (10 drill holes).
  • Resource growth potential highlighted by the 30,000 m of drilling completed on 36E, Kewagama and Vintage zone north of the O’Brien deposit.
  • Historical drill core re-logging and assaying ongoing on 36E where 28 shallow historical drill holes were selected, re-logged and sent for assaying.

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“Current results continue to demonstrate strong mineralization continuity and resource growth potential on 36E and Kewagama zones. The fact that we continue to encounter high-grade gold mineralization in wider lower-grade envelopes at different depths is encouraging. The re-log and assaying program of shallower historical drill holes could represent a game changer for geological interpretation of 36E moving forward,” commented Mario Bouchard, President and CEO.
Figure 1 Composite Longitudinal section
Historical drill core re-logging and assaying
In light of the wide zones of mineralisation recently intersected on 36E area, the company is reviewing drill cores from a series of historical drill holes in the near-surface area of the 36E zone. After re-log, selected drill core were sent for assaying. Prior to 2016, most of these holes have incomplete assay within the Piche group sequence. Only highly mineralised zones were assayed without paying attention to a possible wider low-grade envelope model.
Figure 2 Plan View of the O’Brien project
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at Swastika Laboratories Ltd, in Swastika, Ontario. Samples yielding a grade higher than 5 g/t were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
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Qualified Person
Tony Brisson, P. Geo, independent consultant, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.

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About Radisson Mining Resources Inc.
Radisson is a Quebec-based mineral exploration company. The O’Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson’s flagship asset. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015).
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For more information on Radisson, please visit  www.radissonmining.com


Minera IRl – Local judge accused of accepting bribes to hinder progress

Minera IRL {CSE: MIRL} Newspapers in Peru are carrying a story that the local judge in Puno, one Juan Tinto, has been accused of accepting bribes to hinder the company, from ex Minera director Jaime Pinto.

Pinto is accused of paying the judge US$2,000 per month, and of being involved with another company coveting the Ollachea mine.

 

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The newspaper article (In Spanish, but you can use Google translate) can be accessed HERE

 

Plaudits to the excellent Inca Kola news blog, which is normally the source of accurate and timely MIRL related news, and can be accessed here:  http://incakolanews.blogspot.co.uk

 

The newspaper article mentions that despite Minera having all the required papers in order, they are being obstructed by the judge who is holding up the process to benefit another company whom ex Minera director Jaime Pinto is involved with.

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Proof has been presented after intercepting text  and social media messages exchanged between Pinto and Juan Tinto, though one wonders how legal intercepting text messages is in Peru!

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The Peruvian authorities now have 60 days to investigate, and if found guilty, the judge would serve between 6 – 8 years of incarceration under Peruvian law!

 

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Tinka Resources drills 13m of 1.57% tin at Ayawilca, Peru.

Tinka Resources Ltd. {TSX.V: TK}  released tin assay results for eight drill holes from the South Ayawilca zinc discovery area in central Peru (zinc intercepts from these holes were previously reported earlier in 2017).

Tin at South Ayawilca connects and expands the known tin mineralisation at Central Ayawilca.

 

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Tinka Resources drills 13 m of 1.57% Sn at Ayawilca

2017-11-03 04:23 ET – News Release

Dr. Graham Carman reports

TINKA DRILLS 13 METRES GRADING 1.6 % TIN AT SOUTH AYAWILCA

 

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Tinka Resources Ltd. {TSX.V: TK} has released tin assay results for eight drill holes from the South Ayawilca zinc discovery area in central Peru (zinc intercepts from these holes were previously reported earlier in 2017).

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Tin mineralisation at Ayawilca is predominantly in the form of cassiterite (SnO2), disseminated in flat-lying massive to semi-massive pyrrhotite mantos which are physically separated from the zinc zones. Tin at South Ayawilca connects and expands the known tin mineralisation at Central Ayawilca, which includes drill intercepts of 50.5 metres grading 1.23 per cent tin and 0.16 per cent copper in hole A15-040, and 50.0 metres grading 0.52 per cent tin and 0.25 per cent copper in A15-039 (news releases Oct. 13, 2015, and Sept. 29, 2015).

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Assays for four new zinc drill hole intercepts are also reported below. An updated zinc and tin resource estimate is expected shortly, with results for all the holes to be included in the resource update now reported (up to hole A17-098). Two drill rigs continue to test new targets at Ayawilca — current holes are A17-105 and A17-091A (Valley and zone 3 areas, respectively) with several more holes planned before the end of the year.

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Key highlights of tin intercepts at South Ayawilca

Hole A17-063:

  • 13.0 metres at 1.57 per cent tin from 273.0 m depth, including 4.0 metres at 2.82 per cent tin from 275.0 m depth;
  • 5.5 metres at 1.22 per cent tin, 0.22 per cent copper and 16 g/t silver from 369.0 m depth, including 1.1 metres at 3.72 per cent tin, 0.81 per cent copper and 32 grams per tonne silver from 373.4 m depth.

Hole A17-069:

  • 39.0 metres at 0.37 per cent tin from 206 m depth.

Hole A17-070:

  • 16.7 metres at 0.51 per cent tin from 285.0 m depth, including 3.3 metres at 1.45 per cent tin from 286.7 m depth, and 2.0 metres at 2.16 per cent tin from 348.0 m depth, and 2.0 metres at 1.42 per cent tin, 0.56 per cent copper and 75 g/t silver from 362 m depth.

Hole A17-56:

  • 15.1 metres at 0.56 per cent tin from 212.0 m depth, including 3.95 metres at 1.07 per cent tin from 217.35 m depth.

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A cut-off of 0.2 per cent tin over six metres has been applied.

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Dr. Graham Carman, Tinka’s president and chief executive officer, stated: “Tinka is focusing on realizing the potential of the extensive high-grade zinc mineralization at Ayawilca. However, we believe the project also offers additional upside for other commodities, especially for tin, which occurs in separate mineralized bodies to the zinc. Tin intercepts reported here from South Ayawilca are believed to connect with the Central Ayawilca tin resource, extending the footprint of the tin mineralization by several hundred metres. Tin is currently trading at about six times the price of zinc, and about three times the price of copper on the London Metals Exchange, so these tin intercepts are potentially significant to the project. We look forward to updating our zinc and tin resources very shortly, which will include the 2017 South Ayawilca discovery.”

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Zinc assays for four new drill holes from the Ayawilca South and Valley zones are also reported here, with all holes intersecting significant zinc mineralisation. Two holes drilled at the Valley area targeted previously untested magnetic anomalies. Results have confirmed the presence of zinc mineralisation at or near the base of the host carbonate sequence. Two holes tested extensions of South Ayawilca (A17-095 and 098).

 

To read the full article, please click HERE

 

 

 

 

 

 

 

 

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The difference between crypto coins and tokens

Bitcoin $BTC was designed as a means of payment, via a blockchain, a networked distributed ledger that verifies the transactions.

What is a blockchain, and how does it function?  And what are ICO tokens, and how do they differ from crypto currencies such as Bitcoin? 

 

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The difference between crypto coins and tokens.

 

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I have been asked recently about the difference between crypto currencies such as Bitcoin, Ethereum etc. and ICO token. It is a good question and the answer is not obvious, so I have written the following simple explanation below.

I often wondered why the US SEC consider tokens issued in an ICO (initial coin offering) to be securities, but in fact they are very similar to shares, and therefore it is logical they should be subject to the same regulations

 

Bitcoin $BTC was designed as a means of payment, via a blockchain, which is a networked, distributed ledger, that verifies the transactions.

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But what are ICO tokens, and how do they differ from crypto currencies such as Bitcoin?

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The difference is a crypto coin or currency has its own Blockchain (a network distributed ledger recording all financial transactions) and can either be called a crypto currency or a coin.

 

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In simple terms, a blockchain can be described as a  spreadsheet, duplicated and distributed over a network of thousands of computers, and that entire network is regularly updated with all the new transactions that occur, so that the data remains consistent on all computers, and that is how a blockchain functions.

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A TOKEN does not have a blockchain, and is hosted on the blockchain of another crypto currency, where many use the Ethereum blockchain.

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Crypto Tokens on Exchanges

The developers of a specific digital token can decide to publish their token on the blockchain of a crypto currency such as Ethereum, in order to enable users to buy and sell the tokens once the ICO has completed..

 

Crypto Tokens represent a specific Value.

Each cryptocurrency token embodies a tradable good. This can be for example coins, points, certificates, . Effectively, crypto tokens can be used to represent a share in a company or can be used as voting rights, in the same way as a common share can.

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They are often used to raise funds in a crowdsale. That is why many people refer to them as cryptocurrency assets or crypto assets and crypto equity. This is also the reason that the SEC and other financial bodies see ICO’s as sales of securities, because effectively they are.

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The unscrupulous are always attracted to easy money, and the success of Bitcoin and other crypto currencies has resulted in a massive volume of new and proposed future ICO’s, the quality of which must be in some serious doubt, and so there is a serious risk of some people losing their investment in its entirety.

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China and South Korea have banned ICO’s in order to protect their citizens from the more unscrupulous, and it is to be hoped that other nations follow suit before too long.

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Unlike a share IPO, where there legal constraints to be complied with in the jurisdiction concerned, ICO’s can take place anywhere and citizens of any country can access them, totally unprotected in the event of failure.  That has to be a concern going forward.

 



Avalon Advanced Materials complate a $1 million flow through placing

 Avalon Advanced Materials Inc. (TSX: AVL} announced that it has completed a non-brokered private placement today consisting of 3,215,000 flow-through common shares at a price of $0.145 per share and 4,800,000 non-flow-through units at a price of $0.12 per unit for gross proceeds of $1,042,175

 

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Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL} is pleased to announce that it has completed a non-brokered private placement today consisting of 3,215,000 flow-through common shares at a price of $0.145 per share and 4,800,000 non-flow-through units at a price of $0.12 per unit for gross proceeds of $1,042,175.

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Each unit consists of one non-flow-through common share and one half non-transferable common share purchase warrant, with each whole warrant being exercisable to acquire one non-flow-through common share of the Company at a price of $0.16 for a period of 24 months from today.

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In conjunction with this private placement Avalon paid finder’s fees of $34,560 and issued 288,000 non-transferrable finder’s warrants, with each finder’s warrant being exercisable to acquire one common share of the Company at a price of $0.15 for a period of 24 months from today. Pursuant to Canadian securities laws, the securities issuable under this private placement are subject to a hold period which expires on March 4, 2018.

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The proceeds from this offering will be used to advance exploration work on the Company’s Separation Rapids Lithium Project and for general corporate purposes.

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This press release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) absent registration or an applicable exemption from registration.

 

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About Avalon Advanced Materials Inc. 

Avalon Advanced Materials Inc. is a Canadian mineral development company focused on technology metals and minerals. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

 

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

 

 

 

 

 

 

 

 

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Inovio Pharmaceuticals Initiates Immuno-Oncology Clinical Study for Glioblastoma

Inovio Pharmaceuticals, Inc. {NASDAQ:INO} has initiated a phase 1b/2a immuno-oncology trial in patients with newly diagnosed glioblastoma (GBM) designed to evaluate cemiplimab (also known as REGN2810), a PD-1 inhibitor developed by Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN).

 

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Inovio Pharmaceuticals Initiates Immuno-Oncology Clinical Study for Glioblastoma in Combination with Regeneron’s PD-1 Inhibitor

Phase 1b/2a clinical trial combines Regeneron’s PD-1 inhibitor cemiplimab and Inovio’s T cell activator INO-5401 in brain cancer

 

PLYMOUTH MEETING, Pa. November 1, 2017 – Inovio Pharmaceuticals, Inc. {NASDAQ:INO} today initiated a phase 1b/2a immuno-oncology trial in patients with newly diagnosed glioblastoma (GBM) designed to evaluate cemiplimab (also known as REGN2810), a PD-1 inhibitor developed by Regeneron Pharmaceuticals, Inc. {NASDAQ:REGN}, in combination with Inovio’s INO-5401 T cell activating immunotherapy encoding multiple antigens and INO-9012, an immune activator encoding IL-12.

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The open-label trial of 50 patients will be conducted at approximately 30 U.S. sites, and the primary endpoints are safety and tolerability. The study will also evaluate immunological impact, progression-free survival and overall survival.

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GBM is a devastating disease for both patients and caregivers. It is the most aggressive brain cancer and its prognosis is extremely poor, despite a limited number of new therapies approved over the last 10 years. The median overall survival for patients receiving standard of care therapy is approximately 15 months and the average five-year survival rate is less than three percent.

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Dr. J. Joseph Kim, Inovio’s President and Chief Executive Officer, said, “Inovio is successfully executing on its immuno-oncology strategy through both combination and in monotherapy trials. Our clinical partnerships and collaborations with MedImmune, Genentech and Regeneron each provide for clinical evaluation of Inovio immunotherapies combined with checkpoint inhibitors, given a strong scientific rationale to combine an immunotherapy, which generates antigen-specific killer T cells, with a checkpoint inhibitor which augments T cell activity. I believe that INO-5401, a three antigen product targeting WT-1, PSMA and hTERT, offers great potential to address multiple cancers. Our INO-5401 combination study in GBM, as well as its sister study in advanced bladder cancer, represents an important opportunity for Inovio and its collaborators to address significant unmet medical need.”

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Under a May 2017 agreement between Inovio and Regeneron, the combination trial will be solely conducted and funded by Inovio, based upon a mutually agreed upon trial design, and Regeneron will supply cemiplimab. Inovio and Regeneron will jointly conduct immunological analyses in support of the study. Regeneron, as part of their immuno-oncology collaboration with Sanofi, is developing cemiplimab both as a monotherapy and in combination with other therapies for the treatment of various cancers.

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About Glioblastoma

Glioblastoma, also known as glioblastoma multiforme (GBM), is the most common and aggressive type of brain cancer. GBM is usually found in the area of the brain which controls some of the most advanced processes, such as speech and emotions. GBM treatment is often limited by the tumor location and ability of a patient to tolerate surgery. Consequently, it is a particularly difficult cancer to treat. Worldwide there are an estimated 240,000 cases of brain and nervous system tumors per year; GBM is the most common and most lethal of these tumors.

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About INO-5401

INO-5401 includes Inovio’s SynCon® antigens for WT1, hTERT and PSMA and has the potential to be a powerful cancer immunotherapy in combination with checkpoint inhibitors. The National Cancer Institute previously highlighted WT1, hTERT and PSMA among a list of attractive cancer antigens, designating them as high priorities for cancer immunotherapy development. WT1 was at the top of the list. The hTERT antigen relates to 85 percent of cancers, and WT1 and PSMA antigens are also widely prevalent in many cancers.

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About Inovio Pharmaceuticals, Inc.

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

 

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For more information, please visit www.inovio.com

 

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CONTACT:
Investors/Media:

Jeff Richardson. – +1 267-440-4211, jrichardson@inovio.com
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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, including the planned initiation and conduct of clinical trials and the availability and timing of data from those trials, and the sufficiency of 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, 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 including INO-5401 and INO-9012, our ability to support our pipeline of SynCon® active immunotherapy and vaccine products, the ability of our collaborators to attain development and commercial milestones for products we license and product sales that will enable us to receive future payments and royalties, the adequacy of our capital resources, the availability or potential availability of alternative therapies or treatments for the conditions targeted by the company or its collaborators, including alternatives that may be more efficacious or cost effective than any therapy or treatment that the company and its collaborators hope to develop, issues involving product liability, issues involving patents and whether they or licenses to them will provide the company with meaningful protection from others using the covered technologies, whether such proprietary rights are enforceable or defensible or infringe or allegedly infringe on rights of others or can withstand claims of invalidity and whether the company can finance or devote other significant resources that may be necessary to prosecute, protect or defend them, the level of corporate expenditures, assessments of the company’s technology by potential corporate or other partners or collaborators, capital market conditions, the impact of government healthcare proposals and other factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2016, our Form 10-Q for the period ended June 30, 2017, and other regulatory filings we make from time to time. There can be no assurance that any product candidate in Inovio’s pipeline will be successfully developed, manufactured or commercialized, that final results of clinical trials 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. In addition, the forward-looking statements included in this press release represent Inovio’s views as of the date hereof. Inovio anticipates that subsequent events and developments may cause its views to change. However, while Inovio may elect to update these forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing Inovio’s views as of any date subsequent to the date of this release.

 



Eguana Completes Letter of Intent with Manhattan based Sossin Group LLC

Eguana Technologies Inc. {TSX.V: EGT}, one of the leaders in power conversion and control systems for distributed energy storage, announcedit has entered into a non-binding Letter of Intent (“LOI”) with the  Sossin Group LLC to act as an authorised sales representative for the Company’s residential and commercial AC batteries.

 

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Eguana Completes Letter of Intent with Manhattan based Sossin Group LLC

 

CALGARY, Alberta, Nov. 01, 2017 – Eguana Technologies Inc. {TSX.V: EGT}, one of the leaders in power conversion and control systems for distributed energy storage, is pleased to announce it has entered into a non-binding Letter of Intent (“LOI”) with the  Sossin Group LLC to act as an authorised sales representative for the Company’s residential and commercial AC batteries..

“We have been watching the renewables market development in New York for some time and upon searching for a Company with the right product portfolio to meet our needs came across Eguana,” stated Kevin Sossin, President of the Sossin Group. “We have an established network spanning commercial real estate through to residential home heating companies, energy storage fits perfectly within our network and Eguana’s products are certified, field tested, and available.”

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“The Sossin team’s experience and established network has already delivered near term opportunities with both our residential and commercial product lines,” added Justin Holland, CEO of Eguana. “With current New York policy direction lending very favorably to renewable energy objectives our expectation is this market will grow substantially this year, we expect Sossin to play a major role in Eguana’s success in the region.”

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It is widely expected the state of New York will adopt a 25% rebate program to go along with the 30% federal tax credit to drive growth in the renewable energy sector.

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About Sossin Group LLC

Focused in The Greater Metro New York Area, the Sossin Group LLC is a team of experienced professionals bringing over 30 years of sales, marketing and channel development expertise both commercially and residentially. Led by Kevin Sossin, the team’s core competency has been launching electrical, industrial, solar heating and HVAC product lines through an established network serving real estate developers, property managers, and the general contracting community of New York.

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About Eguana Technologies Inc.

Eguana Technologies Inc. designs and manufactures high performance power controls for residential and commercial energy storage systems. Eguana has more than 15 years’ experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications and delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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To learn more, please visit www.EguanaTech.com



Tinka President Carmen estimates $20 million required for next two years

Tinka Resources Ltd. {TSX.V: TK} President Graham Carman, estimated that it will need about $20 million for its Ayawilca project in the next two years, the zinc-silver-lead-tin project located in the Peruvian department of Pasco.

“We have a very interesting project, which is zinc, which is one of the biggest discoveries in Peru in several years,” Carman said.

 

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The president of Canadian mining company Tinka Resources Ltd., Graham Carman, estimated that it will need about $20 million for its Ayawilca project in the next two years, the zinc-silver-lead-tin project located in the Peruvian department of Pasco.

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“We have a very interesting project, which is zinc, which is one of the biggest discoveries in Peru in several years,” Carman said.

 

 

To read the article in full, please click HERE

 

 

 

 

 

 

 

 

 

 

 

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Colonial Coal issues an update on their Flatbed exploration drilling program

Colonial Coal International Corp. {TSX.V: CDA} has provided the following update on the company’s recent exploration activities undertaken on its Flatbed coal property located in northeastern British Columbia.

The drill program was for 2,830 metres, and conducted between June and September.

 

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2017-10-30 09:51 ET – News Release

Mr. David Austin reports

COLONIAL COAL PROVIDES UPDATE ON FLATBED EXPLORATION.

 

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Colonial Coal International Corp. {TSX.V: CDA} has provided the following update on the company’s recent exploration activities undertaken on its Flatbed coal property located in northeastern British Columbia.

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The primary objectives of the exploration work were to identify potentially underground minable coal resources within the Gates formation (which hosts established surface and underground minable coking coal reserves and resources on a number of projects to the south, west and northwest of the Flatbed property) and to establish initial coal quality parameters. Activities focused on the northwestern portion of the property, which hosts one of the main target areas identified by the company’s independent consultant (previously announced in January, 2013).

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Exploration was carried out between late July and early October, 2017. Work focused upon the drilling of five, widely spaced, HQ-size diamond drill holes on four separate drill sites for a total of approximately 2,830 metres of drilling. Associated activities included downhole geophysical logging; geological core description; coal (plus seam roof and floor) core sampling; geotechnical logging, sampling and on-site testing; plus limited geological mapping. Core samples have now been submitted to Birtley Coal and Minerals Testing (Calgary, Alta.) for coal quality analysis and to Golder Associates Ltd. (Burnaby, B.C.) for geotechnical testing.

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Colonial has retained Norwest Corp. (Salt Lake City, Utah) to undertake a report compliant with the requirements of National Instrument 43-101, Standards of Disclosure for Mineral Properties, which will incorporate all the data acquired during the 2017 Flatbed exploration program plus additional data from certain historical oil/gas exploration wells. The company expects the technical report to be completed during the winter of 2017.

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David Austin, president and chief executive officer of Colonial, commented on the company’s recent exploration activities as follows: “I am very pleased with our recent exploration activities at Flatbed and we expect our results and related NI 43-101 report to be very positive going forward.”

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This news release has been reviewed by John Perry, a director of the company and a 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 the corporation’s projects are located, hosts a number of proven deposits and has been the subject of merger and acquisition activities by Xstrata, Walter Energy, Anglo-American and others.

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We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All righ



Scorpio Gold Produces 4,935 Ounces of Gold in Q3 2017 at the Mineral Ridge Operation, Nevada

Scorpio Gold Corporation {TSX.V: SGN} announces its operating results for the third quarter (“Q3”) of 2017 at its 70% owned Mineral Ridge project, located in Nevada. 

Production at Mineral Ridge in Q3 2017 totalled 4,935 ounces of gold and 2,588 ounces of silver compared to 9,981 ounces of gold and 4,630 ounces of silver in Q3 of 2016.

 

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News – Friday, October 27, 2017
Scorpio Gold Produces 4,935 Ounces of Gold in Third Quarter 2017 at the Mineral Ridge Operation, Nevada

Vancouver, October 27 2017 – Scorpio Gold Corporation {TSX.V: SGN} announces its operating results for the third quarter (“Q3”) of 2017 at its 70% owned Mineral Ridge project, located in Nevada. 

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Production at Mineral Ridge in Q3 2017 totalled 4,935 ounces of gold and 2,588 ounces of silver compared to 9,981 ounces of gold and 4,630 ounces of silver in Q3 of 2016. Gold and silver production for the first nine months of 2017 totalled 15,336 ounces of gold and 7,947 ounces of silver, representing decreases of 46.3% and 38.3%, respectively, over the same period in 2016. The lower metal production is attributed to fewer tons being mined and processed as a result of the decreasing size of the Mary LC and Brodie pits and slower mining rates as current production in these pits winds down.

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Current mining is expected to continue through the first week of November 2017, at which time mining will be suspended while evaluations are conducted by Mine Technical Services (“MTS”) on the mine’s remaining internal resources for a NI-43-101 compliant resource and reserve estimate and updated mine plan.

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Based on the positive results from the recently completed feasibility study, the Company intends to pursue financing for the construction of a 4,000 TPD milling facility with CIL recovery and dry stack tailings circuit. The Company also intends to add additional run of mine resources, when confirmed by MTS, to the already confirmed heap leach resource for processing and recovery of the contained precious metals. Construction of the milling facility will begin once financing is obtained and the Plan of Operations Amendment and Water Pollution Control permit are approved and issued. Permit approval is expected in early 2018.

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The Company will provide further updates on its Q4 activities at Mineral Ridge in due course.

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Key Operating Statistics

Three Months Ending Sep 30 Nine Months Ending Sep 30
2017 2016 Change 2017 2016 Change
Mining operations
Mary LC pit
Ore tonnes mined 61,555 119,574 -48.5% 315,242 405,241 -22.2%
Waste tonnes mined 309,207 919,556 -66.4% 1,805,218 2,542,039 -29.0%
Total mined 370,762 1,039,130 -64.3% 2,120,460 2,947,280 -28.1%
Strip Ratio 5.0 7.7 -35.1% 5.7 6.3 -9.5%
Satellite pits
Ore tonnes mined 19,074 48,029 -60.3% 54,564 190,774 -71.4%
Waste tonnes mined 360,403 152,883 135.7% 551,254 519,603 6.1%
Total mined 379,477 200,912 88.9% 605,818 710,377 -14.7%
Strip Ratio 18.9 3.2 490.6% 10.1 2.7 274.1%
Total producing pits
Ore tonnes mined 80,629 167,603 -51.9% 369,806 596,015 -38.0%
Waste tonnes mined 669,610 1,072,439 -37.6% 2,356,472 3,061,642 -23.0%
Total mined 750,239 1,240,042 -39.5% 2,726,278 3,657,657 -25.5%
Strip Ratio 8.3 6.4 29.7% 6.4 5.1 25.5%
Pits under development
Ore tonnes mined – – – 772 – 100.0%
Waste tonnes mined (pre-stripping) – 25,876 -100.0% 249,085 149,230 66.9%
Total mined – 25,876 -100.0% 249,857 149,230 67.4%
Total mining operations
Ore tonnes mined 80,629 167,603 -51.9% 370,578 596,015 -37.8%
Waste tonnes mined 669,610 1,098,315 -39.0% 2,605,557 3,210,872 -18.9%
Total mined 750,239 1,265,918 -40.7% 2,976,135 3,806,887 -21.8%
Processing
Tonnes processed 78,759 176,901 -55.5% 368,636 704,039 -47.6%
Gold head grade (g/t) 1.34 1.35 -0.7% 1.54 1.45 6.2%
Ounces produced
Gold 4,935 9,981 -50.6% 15,336 28,578 -46.3%
Silver 2,588 4,630 -44.1% 7,947 12,876 -38.3%
Crusher throughput (tonnes per day) 856 1,923 -55.5% 1,350 2,569 -47.5%
Recoverable(1) gold (ounces) placed on pad 2,299 5,215 -55.9% 12,456 22,249 -44.0%

(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.

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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 Elevon, LLC (30%). Mineral Ridge is a conventional open pit mining and heap leach operation. Current mining is expected to continue through the first week of November 2017 and the Company intends to proceed with financing and construction of a mill facility for the processing of the heap leach resource and expected run of mine resources upon permit approval. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis and can be restarted immediately when needed.

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

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Brian Lock,
Interim CEO

For further information contact:
Chris Zerga, President



Bitcoin resting at just under $6,000 per coin after recent rise

Bitcoin $BTC, after another strong rise to new all time highs, is taking a breather and is now resting at around $5,800 per coin.

If one takes into account the value of Bitcoin Cash $BCH, then anyone holding before the recent ‘hard fork’ split is now holding over $6,180 worth of coins.

 

 

 

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Where next for Bitcoin?

 

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Bitcoin $BTC, after another strong rise to new all time highs, is taking a breather and is now resting at around $5,800 per coin.

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If one takes into account the value of Bitcoin Cash $BCH, then anyone holding before the recent ‘hard fork’ split is now holding over $6,180 worth of coins!  One wonders if this rise can continue, and if so, what will be the next driver?

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Well there is the Segwit2 “hard fork” coming, possibly in November, and this seems to be casting some uncertainty over the crypto community. Segwit2 is quite complex to understand, but there is a good article written about this and the uncertainty that is causing in the market at present, which can be accessed by clicking HERE

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So, we could possibly have TWO contenders for the title ‘Bitcoin’, with the exchanges waiting to see which one achieves dominance before awarding the title to either one of two opposing factions!

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That seems about as clear as mud, and I do wonder whether this will impact the price in the short term or not?

 

 

 

 

 

 

 

 

 

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Komet Resources mine update

Komet Resources Inc. {TSX.V: KMT} updated on the latest developments regarding its production activities at the Guiro Mine, in Burkina Faso.

KMT are aiming to increase and stabilise the mill feed, as well as setting up the conditions which will allow the Company to achieve, in the short term, its objectives of profitability.

 

 

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KOMET – GUIRO MINE UPDATE AND PROFIT EXPECTATION

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Quebec City, October 23, 2017 – Komet Resources Inc. {TSX.V: KMT} is pleased to provide the following update on the latest developments regarding its production activities at the Guiro Mine and to present the various projected works aiming at increasing and stabilizing mill feed as well as setting up the conditions which will allow the Company to achieve, in the short term, its objectives of profitability.

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Over the last few months, the Company has carried out extensive optimisation work at the mine site and has installed new state-of-the-art equipment at the plant while also reviewing and optimising all processes in the production chain. Despite the inevitable slowdown in production rates and the delays and shutdowns caused by these major changes, Komet is encouraged by the fact that it has successfully completed all these transformations while minimising the impact on both the level of production and the income from the sale of gold. In fact, during the last quarter (Q3), the Company managed to maintain gold sales of $840,544 compared to $1,223,925 in Q1 and $979,153 in Q2. With most of the work now completed, the Company now finds itself well-positioned to increase the level of production and to deliver the long-awaited earnings.

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Underground mining operation:
12 teams made up of a total of more than 120 miners spread over 3 8-hour shifts currently operate the Guiro mine 7 days a week. The number of tonnes hoisted per month in recent quarters averaged 1,575 tonnes in Q1 and Q2 and 1,770 tons in Q3. The number of tonnes hoisted in September was 2149 and our goal now is to hoist more than 2250 tonnes per month.

The stopes currently being excavated are stopes 31 and 32 on level 2 on the west, stope 4-1 on the west and stopes 5-1 on the east and 5-2 on the west.

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Development drifts:
More than 70 meters were excavated at level 3 West to reach hole GU2015-35 (1.4 m at 31.1 g/t Au.) and the mineralised vein has now been intercepted. More than 38 meters were excavated at level 4 east to reach hole GU2015-16 (4.3 m at 9.2 g/t Au). Development drift 4 West is planned to be excavated 170 meters to reach the new mineralized zones defined in the 2015 exploration drill campaign (GU2015-04 with 2 m at 5.8 g/t Au and GU2015-32 with 0.7 m at 8.7 g/t Au).

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Other underground work:
Backfilling of stopes 4-2 and 4-3 is currently underway. This backfill is made from waste rocks blasted in the mine. The ventilation, air and water supply, and track road networks have been rehabilitated by Komet personnel and are fully operational in all mine work areas. Hoisting availability currently surpasses mining industry standards, with an availability rate of almost 100%. Ground support at the mine has been completely revised and all the excavations have been bolted and scaled correctly. Mine surveying is now 80% completed and it validates previous work.

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Exploration at the Guiro Mine:
The development of an exploration drift north of level 3 was started with a total of 70 meters planned. This drift will be used to conduct future underground exploration drilling north of the Guiro deposit and to verify the mineralised interceptions encountered in previous diamond drilling campaigns. The development of another exploration drift south of level 4 is planned for the first quarter of 2018. This drift will aim to access the new Guiro South gold discovery located at 480 meters (at ground level) south of the extraction well of the Guiro mine. (See the May 25 press release) A second exploration drilling campaign from the surface is underway. The results expected in the coming weeks aim to define new projects near the existing drift.

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Mill:
The installation of new equipment acquired at the beginning of the year is now completed and the plant currently operates at one third of its effective production capacity (2000 tons per month / 6000). The two Knelson centrifugal concentrators together produce a concentrate which is then treated by the Acacia reactor. At the exit of the concentrators, the rejected pulp is directed to a hydrocyclone which separates the fine and light particles which are directed to a Falcon continuous concentrator which produces a concentrate which is treated by intensive agitated leaching. The coarse and heavy particles are in turn redirected to the mill for recirculation in the gravimetric circuit. The output of the Falcon goes to the tailings pond to be ultimately leached in tanks (VAT Leaching).

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New Maintenance Director:
Komet is happy and proud to welcome to its staff Mr. Issoufou Ouily, electromechanical engineer, June 2000 graduate of the National School of Electricity and Mechanics (ENSEM) of Casablanca in Morocco. Mr. Ouily has more than 20 years of experience in the mining industry and his appointment as Maintenance Director for the Guiro Mine represents an invaluable asset and a major addition for the Company. Before joining the Komet team, Mr. Ouily held a key position in the mining company Randgold, working for several years at the Loulo mine site in Mali, considered the largest underground gold mine in West Africa. His broad experience and vast knowledge will enable the Company to significantly improve its performance and rapidly increase the efficiency and profitability of its operations on the mine site.

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Mr. André Gagné, President and Chief Executive Officer, stated,“We are very excited about the current development of the Guiro Mine. The major changes made over the last few months and the ongoing exploration work at the mine will allow us to significantly increase production and, in the near future, enable us to generate profits from our mining operation, thus helping us achieve our main mission which remains “Discovering by Producing!”.

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

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

Investors relations and information: André Gagné, President and CEO 

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Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the technical information presented herein.

Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

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Avalon updates on progress at their Separation Rapids Lithium Project, Kenora Ontario.

Avalon Advanced Materials Inc. {TSX: AVL} provided the following update on recent activities on its Separation Rapids Lithium Project.

The Company is focused on advancing its proposed Phase 1 lithium production facility and has been analysing various alternatives on flowsheets to meet the needs of potential battery materials, glass-ceramics customers, as well as lithium mineral concentrate processors.

 

 

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Avalon provides progress report on Separation Rapids Lithium Project, Kenora ON.

 

 

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Toronto, ON – Avalon Advanced Materials Inc. {TSX: AVL} is pleased to provide the following update on recent activities on its Separation Rapids Lithium Project.

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The Company is focused on advancing its proposed Phase 1 lithium production facility and has been analysing various alternatives on flowsheets to meet the needs of potential battery materials and glass-ceramics customers, as well as lithium mineral concentrate processors, that have expressed interest in the products. The mineralogy of the Separation Rapids lithium resource, containing significant quantities of both petalite and lepidolite, provides opportunities to produce both lithium carbonate and lithium hydroxide for battery makers and petalite as an industrial mineral for glass makers. Accordingly, recent work on the resource block model following the spring drilling program has focused on generating a detailed mineralogical model of the deposit. 

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Resource Update and Phase 1 Plant Design

As disclosed in the Company’s News Release dated July 18, 2017, the spring drilling program has generated considerable new data towards creating a detailed mineralogical model of the deposit. The four in-fill holes contributed to a better understanding of resource geometry for mine planning purposes, in particular the spatial distribution of the lepidolite rich sub-unit that comprises at least 20% of the known resource. The block model created will also help guide further drilling planned for later this fall designed to expand the resource to depth. 

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Mapping mineralogical zonation in the deposit is integral to designing the flowsheet for the planned Phase 1 production facility in order to maximize recoveries of lepidolite and petalite which will need to be concentrated separately. Initial testwork has shown that lepidolite can be recovered as the first step in a sequential flotation process prior to flotation of petalite. Concentrates of lepidolite are attracting increasing interest as a feedstock for production of lithium carbonate due to innovative low cost process technology such as the L-Max® process of Lepidico Ltd.

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As reported in the Company’s news release dated February 6, 2017, Avalon signed a letter of intent with Lepidico under which it is contemplated that Avalon would sell a minimum of 15,000 tonnes per annum of lepidolite concentrate produced from its Phase 1 plant to Lepidico for processing at Lepidico’s planned Phase 1 commercial lithium carbonate production facility. Lepidico now contemplates building this facility in Ontario. Avalon’s Phase 1 plant would also include a circuit to produce lithium hydroxide from petalite using the innovative new process flowsheet developed by the Company in 2016.

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Numerous expressions of interest have been received from potential customers for the Company’s lithium products and discussions on off-take commitments are ongoing. Once off-take commitments are secured that define the priority lithium product lines, the Company can finalise the design and engineering of the Phase 1 plant. With demand for lithium growing rapidly and few advanced lithium projects ready to initiate production, the Company is well-positioned to bring a new supply to the market to serve priority customers, once project financing is in place.

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Summer Geological Mapping Program and Environmental Studies

The 2017 summer geological mapping and sampling program was carried out on the western part of the property covering the new claims acquired earlier this year. This work confirmed the potential for discovery of additional lithium pegmatite resources over a six kilometre long trend to the west of the main Separation Rapids lithium deposit and has outlined six new pegmatite targets based on either lithogeochemical or biogeochemical (vegetation) sampling. The westernmost occurrence, known as the Glitter pegmatite, has never been drill-tested and yielded 1.18% Li2O over 14.8 metres in a continuous chip sample of petalite mineralisation collected this summer, confirming results obtained by previous operators.

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Avalon completed site water, sediment, fish, invertebrate and endangered species studies in June and October that successfully advanced the validation of the 1999 environmental baseline study. Sites for infrastructure, including the tailing management facility, have been identified that do not impact fish or other wildlife habitat. Leachate work has been initiated on the site rock and tailings to confirm that these have a low risk of generating acid rock drainage. 

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Avalon held a multi-Ministry meeting to review the project and associated permitting requirements as well as separate meetings with the leadership of Wabaseemong Independent Nations and local representatives of the Métis Nation of Ontario to present the project in detail, obtain input and discuss potential avenues for collaboration. Overall, the Company does not anticipate any delays in securing the necessary permits and approvals to proceed with the Phase 1 production facility. 

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Future Work

Further drilling is planned in order to increase the total lithium resources in the main Separation Rapids lithium deposit, which is open for expansion to depth below 200 metres with the deepest holes at present indicating similar widths and grades as in the near surface holes. In addition, the lepidolite-rich sub-unit of the main pegmatite is also open for expansion to depth and along strike.

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Detailed mineralogical studies using several different techniques are underway in order to further quantify the lithium pegmatite resources on the basis of mineralogy, as well as grades of the rare elements lithium, tantalum, cesium and rubidium.

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Further geological work on the regional targets to the west is planned, in order to bring these to the drill stage. The Glitter pegmatite merits drill-testing, along with the similarly untested petalite-bearing “West” pegmatite located just 800 metres west of the main deposit. These can be tested in the same program as the deeper drilling planned for the main Separation Rapids lithium resource.

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The geological and technical information contained in this news release has been reviewed and approved by Don Bubar P. Geo. (ONT) and President & CEO, Avalon Advanced Materials, qualified person for the purposes of National Instrument 43-101.

 

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About Avalon Advanced Materials Inc. 
Avalon Advanced Materials Inc. is a Canadian mineral development company focused on technology metals and minerals. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

 

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

 

 

 

 

 

 

 

 

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