Radisson Mining {TSX.v:RDS} announced their widest and deepest gold intercept on the Vintage Zone at their O’Brien project, 85 kilometers north of the Cadillac trend in Quebec.

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Canuc Resources Corp. {TSX.V: CDA} has entered into a definitive agreement to acquire title to a mining concession which has an area of 151.1443 hectares from Minerales y Carbones de Mexico SA de CV.

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CANUC ANNOUNCES STRATEGIC TITLE ACQUISITION AND BRECCIA TARGETS

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Canuc Resources Corp. {TSX.V: CDA} has entered into a definitive agreement to acquire title to a mining concession which has an area of 151.1443 hectares from Minerales y Carbones de Mexico SA de CV.

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The agreement calls for Carbones to transfer title to the concession for total consideration of $100,000 (U.S.). The purchase price will be satisfied by delivery of 150,000 common shares of Canuc and $50,000 (U.S.) in cash. Canuc has received conditional approval for the issuance of its shares and the expedited acquisition of title to the concession, subject to receipt of all required TSX Venture Exchange filings.

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The newly acquired mining concession envelops existing land holdings to the northeast. Early exploration has determined that silver-gold mineralization strengthens to the northeast. There is a distinct possibility that silver-bearing breccia and stockwork zones will be confirmed along this trend as exploration progresses. The confirmation of silver-gold-bearing breccia zones, uncovered on surface, would mark a change in prospects for a significant mineral discovery at San Javier.

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Two such silver-gold-bearing breccia bodies have already been documented, Cerro Colorado and Carranza. Three more breccia bodies have been discovered this month. All of these breccia bodies are exposed on surface and occur at the intersection of the known northeast-southwest-trending San Javier mineralized corridor with recently recognized north-south faults.

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“The discovery of mineralized breccia zones on surface would be of considerable importance. Confirmation of silver-gold-mineralized breccia zones would quickly shift our focus from the proven high-grade veins to these larger bulk-tonnage-type targets. This would have a major impact on the company’s future,” stated Hub Mockler, executive chairman.

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About Canuc Resources Corp.

Canuc is a junior resources company whose principal focus is exploration and development of the San Javier silver-gold project located 146 kilometres east of Hermosillo in Sonora state, Mexico. The company also generates cash flow from natural gas production in central West Texas, where Canuc has an interest in nine producing gas wells, and has rights for further in field developments.

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John Nebocat, BSc (geological engineering), PEng, vice-president of exploration for Canuc, is the qualified person for the company, as defined by National Instrument 43-101, and has reviewed and approved the contents of this press release.

We seek Safe Harbor.

To read the news release, please click HERE

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Condor Gold {AIM: CNR} has announced that the Listing Committee of the Toronto Stock Exchange (“TSX”) has conditionally approved the Company’s application to list Condor Gold on the TSX.

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24 October 2017

Condor Gold plc

(‘Condor’, ‘Condor Gold’ or ‘the Company’)

TSX Conditional Listing Approval Granted

The Board of Condor Gold (AIM: CNR) is pleased to announce that the Listing Committee of the Toronto Stock Exchange (“TSX”) has conditionally approved the Company’s application to list Condor Gold on the TSX.

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Condor’s flagship La India Project in Nicaragua hosts 9.6 M tonnes at 3.5 g/t gold for 1,083,000 oz gold in the Indicated mineral resource category and 8.5 M tonnes at 4.5 g/t gold for 1,231,000 oz gold in the Inferred mineral resource category. The Indicated mineral resource includes 6.9 M tonnes at 3.0 g/t gold for 675,000 oz gold in the Probable mineral reserve category.

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The TSX/TSXV is a robust market with liquidity and access to capital, particularly for the mining sector with the participation of over 200 Canadian institutional mining investors and over 500 international institutional mining investors. The TSX/TSXV is the number one public market for mining companies globally with 1,218 public listings with combined market capitalisation of C$305 billion and coverage by more than 200 mining analysts. In 2016, the TSX/TSXV accounted for 57 per cent of all equity capital raised in the mining sector, making it the top source of investment for mining companies globally.

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Final approval for the listing is conditional upon the Company satisfying the conditions and requirements imposed by the TSX. The Company will work to satisfy these conditions as quickly as possible. The listing is also subject to the final receipt and acceptance by the Ontario Securities Commission of the Company’s long form non-offering prospectus, which the Company expects to file in the coming weeks. The Company will issue further press releases as appropriate.

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Mark Child, Chairman and CEO comments:  “The TSX listing will constitute a milestone for Condor Gold, providing a local trading platform for existing and new Canadian shareholders and investors. The vast majority of mining and exploration companies operating in South America are TSX/TSXV listed and, in my opinion, Canadian investors will find Condor a compelling investment that is undervalued compared to its TSX/TSXV listed peer group; 100% ownership of a high-grade gold deposit close to permitting, which can be expanded, in a jurisdiction with a pro-mining Government.

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Condor has been engaged with the local community for several years via employment and many social programmes, from healthcare, to education to the distribution of drinking water. Over the past 18 months we have been in constructive talks with national government and, with their blessing, we are now entering direct conversation with the local community regarding key aspects of permitting. Condor is entering the final phase of its permitting process to construct a 2,800tpd processing plant with a capacity to produce 100,000 oz gold p.a. from a single open pit and continues its strategy of expanding the gold resources through drilling and proving a major gold district.”

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“The Company will remain listed on the AIM market of the London Stock Exchange.”

– Ends –

Zenyatta Ventures {TSX.V: ZEN} have received back positive test results from a sample of their Albany pure graphite sent to be processed at the Tokyo Institute of Technology in Japan.

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Zenyatta’s Albany graphite tested by Tokyo Tech

2017-10-19 06:02 ET – News Release

Mr. Aubrey Eveleigh reports

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TOKYO TECH IDENTIFIES KEY REASONS FOR THE EASE & HIGH-YIELD CONVERSION OF ZENYATTA’S ALBANY GRAPHITE TO GRAPHENE

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Testing results from the Tokyo Institute of Technology in Japan have identified key reasons for the ease and high-yield conversion of Zenyatta Ventures Ltd.’s Albany graphite to graphene.

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Research at Tokyo Technology provides exciting feedback on Zenyatta graphene.

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One of the greatest challenges for commercializing graphene in various applications, since its discovery at the University of Manchester, is how to produce high-quality material, on a large scale at low cost, in a consistent manner.

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Dr. Yoshihiko Arao, assistant professor in the department of chemical engineering at Tokyo Tech, stated: “Zenyatta’s high-purity graphite material was tested by our scientific team on mechanical conversion to graphene and discovered it converted much easier and with higher yields of graphene than our reference material. We have tested many types of natural graphite but found Zenyatta’s graphite material to have better exfoliation performance and produce better graphene particles than the reference material. We believe that this is an extraordinary, unique material and we would like to carry out further collaborative work with Zenyatta on graphene applications.”

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Research by Dr. Arao and professor Dr. Masatoshi Kubouchi at Tokyo Tech has shown the following significant test results:

• D-spacing measurements of Zenyatta carbon material is relatively larger compared with three other commercially available high-purity graphite samples. D-spacing is unique to all crystals and described as the distance between two (graphene) atomic layers or interlayer spacing. The Albany graphite also exhibited some turbostratic structure or natural irregular stacking.
• Importantly, these factors have contributed to the ease of conversion and greater yield of high-quality graphene from Albany graphite. This can be attributed to the unusual geologic mode of formation (igneous hydrothermal process) which accounts for the superior purity, crystallinity and overall quality of the graphite found in this unique deposit.
• Graphene exfoliated from Albany graphite showed the highest aspect ratio with an average thickness of 1.43 nanometres or one to four graphene layers. Also, the optical absorbance of the Zenyatta graphene dispersion was two to 10 times better than the other three tested reference samples which demonstrate concentrated graphene dispersion can be obtained.
• This further confirms the reason for success on graphene development initiatives, especially in composites, from other collaborators in the United Kingdom, Canada, United States and Israel. Tokyo Tech has established that Zenyatta’s graphite converts (exfoliates) easily to graphene, producing mono-layer to tri-layer material, has excellent dispersion properties, and is highly suitable for many graphene and graphene-oxide applications.

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Aubrey Eveleigh, president and chief executive officer for Zenyatta, stated: “The obstacle to widespread use of graphene since discovery is the high manufacturing cost. A lower-cost and disruptive approach is to use high-purity natural graphite, like Albany material, as the starting point to get easier and higher yields of graphene in an environmentally friendly manner. We are eager to start another phase of testing at a world-class facility like Tokyo Tech using our high-purity graphite material for various innovative graphene applications.”

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Zenyatta Ventures continues to develop its large and unique Albany graphite deposit in Ontario, Canada. The company’s highly crystalline graphite deposit is situated 30 kilometres north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 30 km away with an all-weather road approximately 10 km from the graphite deposit. The world trend is to develop products for technological applications that need extraordinary performance using ultrahigh-purity graphite powder and graphene at an affordable cost.

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Aubrey Eveleigh, PGeo, president and CEO for Zenyatta, is a qualified person for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information in this news release.

We seek Safe Harbor.

Tezos $XTZ recent ICO, backed by US billionaire fund manager Tim Draper looks to be coming off the rails, and is perhaps a warning of the quality and quantity of ICO’s coming to the crypto currency market.

Once easy money being made, in any market, it attracts a whole set of new people looking to take advantage, and self enrich at the expense of others. 

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Tezos ICO looks to have “Issues”!

The much heralded Tezos ICO (Initial coin offering) received a lot of publicity due to the investment by Tim Draper, a well known and respected US based Billion dollar fund manager. People assumed they were investing alongside Tim Draper, but we now know that was not the case!

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Tezos, based in Zug, Switzerland, raised considerable funds in their recent ICO, around US $250 million, that may now need to be paid back to the investors!

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Many people invested in the knowledge that Tim Draper was investing, but in actual fact he was not planning to hold his investment for too long, and has already exited and doubled his money, an easy profit!

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The Tezos ICO now looks to be in trouble, due to management infighting, revelations that some early stage investors have already banked their funds and left, and doubts about where some of the money was spent.

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There are an abundance of ICO’s underway, and one wonders how many of those are going to reward investors, and how many will reward the founders of the company?

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I fear Tezos is perhaps the first of many ICO’s that we will hear about as not rewarding investors, the crypto industry is new, and the large amounts of money floating around will attract the unscrupulous sort of person that will trade on the greed of naive investors.

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To read the article in full, please click HERE

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Barkerville Gold {TSX.V: BGM} are, according to veteran Vancouver based reporter Mike Caswell,  suing former CEO Frank Callaghan over the return of confidential data acquired from the company.

The dispute centers on a piece of ground BGM has an interest in that has now been staked and transferred to Standard Drilling, a company owned by Frank Callaghan.

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Barkerville Gold sues Callaghan over confidential data.

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To read the article in full, please click HERE

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Eguana Technologies Inc. {TSX.V: EGT} one of the leaders in power conversion and control systems for distributed energy storage,  announced its first volume shipment of AC Batteries to partner EGear LLC, representing approximately $1 million and ready for immediate installation upon receipt.

CALGARY, Alberta, Oct. 19, 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 its first volume shipment of AC Batteries to partner EGear LLC, representing approximately $1 million and ready for immediate installation upon receipt. Increasing availability of backordered battery modules will also enable the Company to deliver a second volume shipment of equivalent size within the quarter with continued deliveries in 2018.

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“Installations in Hawaii have continued and are ready to scale as AC Battery supply catches up to backordered demand,” commented Justin Holland, Eguana’s Chief Executive Officer. “With the current orders backlog, and increasing sales from EGear, our expectation is to see quarter over quarter growth in Hawaii through 2018.”

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Hawaii remains committed to its 100% renewable energy by 2045 mandate. Eguana’s fully integrated and certified AC battery is available today, fully compatible with all PV systems installed or pending installation on the islands, and meets all new US interconnection requirements.

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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 

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Radisson Mining {TSX.V: RDS} announced that drill hole OB-17-48 has successfully extended the Vintage zone by additional 125 metres along strike at their 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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2017-10-18 05:21 ET – News Release

Mr. Mario Bouchard reports

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RADISSON EXTENDS THE VINTAGE ZONE TO 325 M ALONG STRIKE WITH AN INTERCEPT OF 9.7 G/T GOLD OVER 2.9 M AT THE O’BRIEN PROJECT

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Hole OB-17-48 has successfully extended the Vintage zone by additional 125 metres along strike at Radisson Mining Resources Inc.’s 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, the bulk of current resources at the O’Brien project. The zone is located only 85 metres 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 a 325 m strike length from east to west, vertical height of up to 360 m and remains open in all directions.

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Press release highlights

• Hole OB-17-48 extended the Vintage zone by over 125 m along strike with intercept of 9.7 grams per tonne gold over 2.9 m at 208 m below surface. Assays are pending for the final portion of hole OB-17-48.
• The Vintage zone has been traced over a strike length of 325 m and vertical height of up 360 m.
• Additional drill results are expected from hole OB-17-49 completed in vertical extension of hole OB-17-42, which returned 13.7 g/t Au over 1.5 m (see Oct. 3, 2017, press release).

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Mario Bouchard, President and Chief Executive Officer, commented: “Current exploration results continue to increase the overall dimension of the Vintage zone. The zone as now been traced on over 325 m and remains open in all directions. Due to its high-grade potential and proximity to current resources, the Vintage zone has the potential to be an important part of O’Brien’s exploration and development plan. As we await final results from the drill program completed this summer on the Vintage zone, we are currently planning a drill program in order to test lateral and at depth extension of this zone.”

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                     DRILLING RESULTS SUMMARY
  
Drill hole      From         To        Length                Au
                  (m)        (m)           (m)             (g/t)

OB-17-46        86.0       88.5           2.5               4.4
Including       88.0       88.5           0.5              15.9
OB-17-48       208.6      211.5           2.9               9.7
OB-17-48       260.0      260.5           0.5           Pending

Results are presented as down hole widths; true widths are 
estimated between 55 to 70 per cent of down hole thickness.

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Vintage zone exploration program

As the company is waiting for final results from the drill program completed on the Vintage zone, review of current results and historical exploration programs from the Vintage zone is progressing in order to define a second phase exploration program.

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The Vintage zone is a parallel zone of the O’Brien project located approximately 85 m north of the Cadillac Break in the Cadillac Group of metasediments comprising sequence of polymictic conglomerate, banded iron formation (BIF) and grauwacke. 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 six drill holes that tested these targets were completed over a strike length of 325 m. 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 direction.

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2017 drill program completed at 20,000 metres, 10,500 metres in assays pending

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Furthermore, the company announces that it has completed the drill program planned in 2017 to approximate total of 20,000 m. The drill program was completed with two main objectives. An approximate total of 15,000 m were completed for resource expansion from surface to a depth of 500 m. As a second objective, the approximate 5,000 m exploration drill program completed, focused on high-priority exploration targets defined outside the main sector of current resources of the O’Brien gold project, including the Vintage zone.

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There are currently 20 drill holes in assays pending for a total an approximate total of 10,500 m.

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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, Ont. Samples yielding a grade higher than 5 five 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, PGeo, 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 tonnes at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April, 2015).

We seek Safe Harbor.

Inovio Pharmaceuticals {NASDAQ: INO} rose 0.5% during trading hours, but then 2.5% after hours following publication of an RBC broker “outperform” note, based on their enthusiasm for Inovio’s treatment VGX-3100 for cervical pre-cancers.

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Inovio Pharmaceuticals {NASDAQ: INO} rose 0.5% during trading hours, but then 2.5% after hours following publication of an RBC broker “outperform” note, based on their enthusiasm for Inovio’s treatment for cervical pre-cancers.

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RBC analyst Matthew Eckler says VGX-3100 could become the first such non-surgical treatment, and if successful in trials, could have “big upside”.

RBC joins a group of half-dozen other firms with coverage of INO, all in the Buy column.

Messner has a price target of $11, implying 76% upside from today’s closing price.

PLYMOUTH MEETING, Pa., Oct. 16, 2017 – Inovio Pharmaceuticals {NASDAQ: INO} announced initiation of a phase 1b/2 immuno-oncology trial to evaluate Genentech/Roche’s atezolizumab (TECENTRIQ^®) in combination with Inovio’s INO-5401, a T cell activating immunotherapy encoding multiple antigens, and INO-9012, an immune activator encoding IL-12.

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Inovio Pharmaceuticals Begins Phase 1b/2 Cancer Efficacy Trial Combining Its T-cell Immunotherapy with a PD-L1 Checkpoint Inhibitor in Advanced Bladder Cancer

Neometals {ASX: NMT} released an updated investor presentation on their MT. Marion lithium producing mine and other projects.

NMT’s share price has risen strongly recently, but still looks undervalued compared to peers with a trailing P/E of 2.5 (lithium industry average 19.6!)

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To view the presentation please click HERE

Neometals {ASX: NMT} released an updated investor presentation on their MT. Marion lithium producing mine and other projects.

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NMT’s share price has risen strongly recently, but still looks undervalued compared to peers with a trailing P/E of 2.5 (lithium industry average 19.6!)

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Bitcoin $BTC has reached another all time high, over US $5,600!

For people that held the coin before the recent ‘hard fork’ which created Bitcoin Cash $BCH, this equates to a fraction under $6,000 per coin.

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Bitcoin $BTC has reached another all time high, over US $5,600!   For people that held the coin before the recent ‘hard fork’ which created Bitcoin Cash $BCH, this equates to a fraction under $6,000 per coin.

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One has to ask, with the start of actions from governments such as China, can this rise be sustained going forward, or will politics finally take down Bitcoin and replace it with a central bank issued crypto currency?

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Following on from the news that the Chinese government have ordered their Bitcoin exchanges to close pronto, comes the news that South Korea has banned participation in ICO’s for its citizens, and now Vladimir Putin is also said to be considering closing Russian Bitcoin exchanges.

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Given that most Bitcoin are traded in China and South Korea, it does make you wonder how much longer the steep price rises can continue, especially if Russia joins the party?

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Bitcoin’s market cap is now US $93 Billion and still rising!

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On the positive side Japan is positively embracing Bitcoin and accepting it as a currency, but if the largest trading nations cease trading, surely at some point the price will have to correct?

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Avalon Advanced Materials {TSX: AVL} have issued an EV industry update, with a focus on the battery materials required, principally cobalt and lithium.

China has recently accelerated the transition to EV vehicles from the internal combustion engine.

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INDUSTRY BULLETIN: EV Sales Quotas in China to put increasing pressure on battery materials supply chain

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Barkerville Gold Mines Ltd. {TSX.V: BGM} announced additional drilling results from the ongoing 130,000 metre Phase II Island Mountain exploration and infill drilling program at the Company’s flagship Cariboo Gold Project.

The Company is currently exploring and delineating the Valley and Shaft Zones with nine drill rigs, while a tenth drill is expanding the known mineralization on the BC Vein.

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Comment

Barkerville Gold continue to produce some high grade gold intersections in what is a truly massive drill campaign for a junior mining company.

They are currently running 9 drills, with a tenth expected soon!  How many junior mining companies can you name that are doing this amount of drilling?

Cow Mountain used to be the focus but now Island Mountain has become the new area of interest, and it is repaying that faith in spades.

Scorpio Gold Corp. {TSX V: SGN} announced the results of a positive feasibility study to reprocess the heap leach residual material at its Mineral Ridge property, located in Esmeralda County, Nevada.

Scorpio Gold holds a 70% interest in the project with joint venture partner Elevon, LLC (30%).

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Scorpio Gold Announces Positive Feasibility Study for Processing the Heap Leach Mineral Resource at Mineral Ridge

Vancouver, October 10, 2017 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX V:SGN) is pleased to announce the results of a positive feasibility study (“the Project”) to reprocess the heap leach residual material at its Mineral Ridge property, located in Esmeralda County, Nevada. Scorpio Gold holds a 70% interest in the project with joint venture partner Elevon, LLC (30%). 

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Brian Lock, Interim CEO comments, “I would first like to take this opportunity to thank Novus Engineering Inc. (“Novus”), Mine Technical Services (“MTS”), NewFields and our Scorpio Gold employees for their dedicated effort in completing this study. The combined effort of all parties involved produced a very thorough study of our Mineral Ridge heap leach resource and proposed milling facility. This economically positive study provides the foundation for recovering a substantial portion of the 122,000 ounces of gold resources contained on the heap leach pad. This project, when completed, will provide Mineral Ridge with five years of additional of mine life. Additionally, due to higher expected recovery rates provided by the new milling circuit, the Company is proceeding with a third-party analysis of its other known mineral resources. When complete, and if determined economically viable, this study should add additional reserves and further extend the Mineral Ridge life of mine. Further exploration at Mineral Ridge may also add additional resources.”

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Feasibility Study Description

About 68% recovery of gold was realized from the previous heap leach operations at Mineral Ridge. Sonic core drilling was completed to create a mineral resource estimate from the heap pad, which was previously issued by MTS on July 12, 2017. Independent testing of the residual heap leach material indicates 91% recovery by further grinding the heap material and reprocessing using the carbon-in-leach (“CIL”) process. Novus was engaged by Scorpio Gold to design a processing facility and develop capital expenditure (“CAPEX”) and operating expenditure (“OPEX”) estimates related to the new processing facility. NewFields developed the methodology for “mining” the heap residual material and for returning the tailings material from the processing facility to the lined pad. NewFields also provided the CAPEX and OPEX estimates related to the mining and filtered-tailings placement activities. Scorpio Gold provided information on the balance of project costs and general and administrative cost estimates.

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Neometals {ASX: NMT} has been requested whether they know of any reason for the reason volume and price increase in their share price by the Australian Stock Exchange.

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Neometals {ASX: NMT} has been requested whether they know of any reason for the reason volume and price increase in their share price by the Australian Stock Exchange.

The company have responded that they have noted an increase in interest in lithium companies across the board, and that may be the reason for the recent price gains.

Their responses to the other questions posed by the ASX is in line with a standard response form a company that is not aware of any significant reason for a sudden increase in share price.

Given that NMT have recently been around the 50c mark, and the lithium price and their deal twith Ganfeng Lithium of China have improved since then, perhaps the ASX should be asking them why the price is so low?

NMT could receive around AUS $20 million next financial year, that puts the PE on a very low rating indeed, and all the rest in for free!

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Bitcoin $BTC is rising in price again after the recent setback prompted by the Chinese government ordering local Bitcoin exchanges to close.

There is a danger of the “cobra effect” if people take risks to circumvent the new rules.

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Will the Chinese government’s actions have unintended consequences?

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Bitcoin $BTC has recently fallen back form the highs, and become rangebound, after the Chinese government announced they were ordering local Bitcoin exchanges to close, seemingly in a desperate attempt to restrict currency flight.

Other commentators suggest the government is trying to protect their citizens from making losses with Bitcoin trading, but I don’t buy that idea, I think it is capital flight that is their chief concern, and Bitcoin facilitates a way around their rules, anonymously.

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Frequently when governments tinker with markets, the law of unintended consequences comes into play, and you wonder whether this will occur here too?

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Currently Chinese citizens can trade their coins/tokens in regulated exchanges, so have a good degree of security over their funds. Given the massive gains made in the price of Bitcoin recently, and the Chinese propensity for gambling, it’s not a hard stretch of the imagination to predict they will seek to workaround the exchange ban and find another way of trading the coins.

This if course will be less or not secure at all, and therefore if the government’s actions are indeed to protect their citizens, they could in fact jeopardise their investment by making them trade off exchange in an unregulated environment.

The “cobra effect” could come into play here, government meddling in the markets inevitably has unintended consequences, and it’s easy to see what they might be here.

I believe the Chinese government have made a mistake in closing their crypto exchanges, but the anonymity of the transactions forced their hand. They may not be the last government to take this action either, I can see the USA taking some action against crypto in a similar fashion in order to regulate and tax it.

The consequences for the people of China will be realised in due course, but it’s difficult to see a positive outcome, and I fear many small Chinese investors being defrauded in some dark trading zone run by the unscrupulous.

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Condor Gold {AIM: CNR} announced new rock chip samples from their La India project, Leon, Nicaragua, including 37 g/t gold from Mestiza and 23.8 g/t from Andrea.

Still no word from the company regarding the protests against the mine by the local population.

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New surface rock chip results from La India Project, including 37 g/t gold from Mestiza and 23.8 g/t from Andrea. Three known zones of mineralisation expanded.

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Condor Gold (AIM: CNR) is pleased to announce new rock chip results from the La India Project, Nicaragua, and results of detailed geological mapping, which expand three areas of known gold mineralisation. In line with the Company’s strategy of proving a major gold district at the La India Project, 200 new samples have been taken from the Mestiza, Cacao and Andrea areas

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All three areas have been drilled since December 2016 and these samples were collected to help extend laterally the known vein mineralisation and plan step-out drilling. Mapping was carried out at the same time.

Highlights:
• Surface rock chip sampling has produced results of up to 37 grams per tonne (‘g/t’) gold from Mestiza, up to 24 g/t gold on Andrea and up to 16 g/t gold on Cacao.
• Geological mapping has demonstrated potential extensions to known vein mineralisation at all three targets.
• The three main veins on the Mestiza vein set: Tatiana, Jícaro and Buenos Aires, appear to coalesce into a single northwest-striking vein.
• Trenching and mapping are now underway on Mestiza, aimed at identifying drill targets, which may contain additional high-grade oreshoots similar to Big Bend, a potential high-grade oreshoot within the Tatiana vein.
• The Cacao vein appears to have a concealed extension to the east and is potentially at least twice as long as previously thought.

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Mark Child, Chairman and CEO, comments: ‘Condor continues its strategy of proving a major gold district at the La India Project. Mapping and rock sampling by our experienced senior geologists has produced high grade gold results of 37 g/t,
24 g/t and 16 g/t gold in three new areas, along strike from known mineralisation at Mestiza, Andrea and Cacao, which provides excellent upside potential. Furthermore, recent drilling by Condor at Mestiza increasingly demonstrates the importance of high-grade ‘oreshoots’ within long, relatively continuous veins. These offer the best chance of adding high-grade economic ounces to the global resource at La India Project.
Surface rock chip sampling and trenching are the best tools at our disposal to follow up on targets identified by geophysics, geochemistry and a structural model, before making a drill decision. The northwest extension of Mestiza, where veins coalesce and intersect, is now a high priority, as is the eastern, concealed, extension of Cacao.’

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Wesdome {TSX.V: WDO} confirms that work has resumed at their Kiena complex after the recent suspension due to the fatality of a contractor in September.

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WESDOME ANNOUNCES RESUMPTION OF RAMP DEVELOPMENT AT KIENA COMPLEX

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The site investigation in connection with the fatality of a mining contractor on Sept. 9, 2017, has concluded, and all activities at Wesdome Gold Mines Ltd.’s Kiena complex have resumed.

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Duncan Middlemiss, chief executive officer, commented: “All required equipment has been reactivated underground and development of the exploration ramp recommenced today. We expect to have the first drill bay completed to test the Kiena Deep discovery within the next few weeks. In the meantime, we continue to drill near-mine, auxiliary targets such as the VC and S50 zones. We continue to collaborate with CNESST on the outstanding matters related to the investigation.”

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About Wesdome Gold Mines Ltd.

Wesdome Gold Mines is 100 per cent Canadian focused with a pipeline of projects in various stages of development. The Eagle River complex in Wawa, Ont., is currently producing gold from two mines, the Eagle River underground mine and the Mishi open pit, from a central mill.

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Wesdome is actively exploring its brownfields asset, the Kiena complex in Val d’Or, Que. The company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ont., which is being explored and evaluated to be developed in the appropriate gold price environment.

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We seek Safe Harbor.

Inovio Pharmaceuticals, Inc. {NASDAQ:INO} reported today on positive safety and immune response results from a first-in-man, multi-center phase 1 trial of a vaccine against the Zika virus.

The phase 1 trial of Inovio’s DNA-based Zika vaccine (GLS-5700) induced high levels of binding antibodies in 100% of participants.

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