Agoracom Blog

AGORACOM Small Cap Stock TV – July 30, 2014

Posted by AGORACOM-JC at 4:39 PM on Wednesday, July 30th, 2014

AGORACOM – The Small Cap Epicenter reports on the day’s best small cap and micro cap press releases.

 

Good afternoon to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on our TV show. It’s July 30th and we’ve found 8 great press releases to report on. It’s another great day for small-cap and micro-cap financial news.

If you miss an episode or want to search for your company in our archive, you can visit our industry leading Small-Cap Podcast site at any time:

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TODAY’S SMALL-CAP AND MICRO-CAP BREAKING FINANCIAL NEWS

Today’s show features:
Peregrine Diamonds (PGD.T),

Fission Uranium (FCU.V),

Continental Gold (CNL.T),

Kaminak Gold (KAM.V),

Mountainn Province Diamonds (MPV.T),

Rockhaven Resources (RK.V),

Dentonia Mines (DML.T),

Primero Mining (P.T),

Klondex Mines (KDX.T)

Letter to the Shareholders of KWG Resources Inc.

Posted by AGORACOM-JC at 12:27 PM on Tuesday, July 29th, 2014

 

TORONTO, ONTARIO — (July 29, 2014) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6)

Today the shareholders of Cliffs Natural Resources Inc (“Cliffs”) will elect at least four directors who are nominated by Casablanca Capital LP. We expect that this will usher in some change in how Cliffs will in future go about realizing on the value of its assets. This is therefore an opportune time to provide you with a status report on your company’s initiatives. In the past these initiatives have often, of necessity, been in response to the actions of Cliffs and of the government of Ontario.

Minerals are governed by provincial law in Canada. Like most other jurisdictions in the world, Ontario makes it a condition of a mineral lease that further processing of what is mined must be completed in Canada. When it was announced that Ontario was negotiating terms to finance the construction of a road for Cliffs to ship chromite ore from the Ring of Fire, we reminded the Ministry of Northern Development and Mines that the use of KWG’s claims for this purpose would need to comply with this “further processing in Canada” requirement of the law. The question of whether Cliffs may be granted an easement under the Public Lands Act over the KWG claims is still before the Courts. No matter how that question is ultimately decided, it will not alter the law’s intent that our claims may be used to exploit minerals only if their further processing is completed in Canada.

In this regard, we are encouraged by the results of the ongoing testing of the direct reduction process that we acquired (the “New Production Method“) and are making application to patent. Should we be able to commercialize the New Production Method it could very substantially reduce the cost of processing chromite ore into the metalized iron and chrome used in stainless steel making, by using natural gas rather than electricity. We hope to be able to do pilot plant testing of the New Production Method in the coming year, in advance of commercial reactor design and engineering.

We have previously indicated that slurrying is an option that might be considered in the early years of mining at the Ring of Fire and the New Production Method has provided encouragement to further study this option. A slurry pipeline south and a gas pipeline north – to generate electricity at the site and for the nearby remote communities – is a development option that we have had scoped and that we have shared with the government. The pipelines go in the ground and under the rivers and don’t need 98 bridges and culverts. The railroad that we studied prior to the Cliffs road proposal, may take some time to achieve social license and economic volumes from market share.

We also believe that a forestry road from Mishkeegogamang to Marten Falls, and then north across the Attawapiskat River to the Ring of Fire should be built first. It could connect Eabematoong, Neskantaga, Marten Falls and Webequie to the Pickle Lake highway and enable the supply of construction materials and equipment for the development of the Ring of Fire. It could be used to truck nickel concentrates out. A scoping study that we had completed suggests that the cost of such a road could be very reasonable when compared to the alternatives. This would seem to us to be a highly desirable initial investment to make to set the stage for development of the Ring of Fire.

We have also been very active in promoting the concept of using a transportation authority to finance and build this required infrastructure. We have proposed that the Ontario Northland Railroad be given a new lease on life by being part of this transportation infrastructure. It has the backbone of a rail network that can deliver material to the St. Lawrence River, eastern Canada’s year-round access to world markets. Whether the agency is called a development corporation or a port authority is not terribly important. The governance structure is important.

Our proposed Northland Development Corporation Act creates a hybrid of the two and suggests what we believe to be a productively constituted Board of Directors. We believe it to be fundamental that the First Nations and their neighbouring Northern Ontario municipalities, both large and small, actually have direction and control of this transportation and development authority. In the current financial environment of historically low interest rates, there would appear to be an opportunity for such an agency to issue bonds of perhaps 50 year maturities to raise the money to build the infrastructure.

We have also completed scoping studies of the possibility of starting mining in the Ring of Fire from underground rather than by open-pit operations. These studies determined that one large shaft could provide the means to mine both Noront’s nickel deposit and our Black Horse chromite deposit.

Sincerely,

Frank Smeenk, President

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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

Cautionary Note Regarding ForwardLooking Statements: This Press Release contains or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG.

Should one or more of these risks and uncertainties, such as: the actual results of current exploration programs; risks normally incidental to exploration and development of mineral properties; the uncertainty of mineral resources estimates; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; the grade and recovery of ore varying from estimates; the general risks associated with the mining industry; the Corporation’s inability to maintain its title to its assets; the Corporation’s inability to obtain, maintain, renew and/or extend required licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the applicable regulatory framework; environmental damages and the cost of compliance with environmental regulations; environmental risks; adverse land claims from First Nations groups or other parties; lack of adequate infrastructure; a lack of support from the Ontario government and federal government for the development of the Ring of Fire area; the patents to be used to support the commercialization of the New Production Method will not be granted; capital and operating costs varying significantly from estimates; the risk that slurrying is not a viable option for the development of the Ring of Fire; costs of construction of a proposed road varying significantly from estimates; the inability to develop and/or complete the construction of a proposed railroad, permanent amphibious aerodrome together with an adjacent and permanent all-weather runway and heliport terminal; slowing demand for ferrochrome products; adverse general market conditions; inflation; changes in exchange and interest rates; adverse changes in commodity prices; the impact of consolidation and rationalization in the steel industry; competition; risk that amendments to current laws, regulations and permits governing operations and activities of mining companies will have a material adverse impact the Corporation; the risk that the New Production Method does not prove efficient or economical; intellectual property litigation; the risk that occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forwardlooking statements.

Shares issued and outstanding: 777,512,273

Contact Information

Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

AGORACOM CLIENT FEATURE: Robix (RZX: CSE) Revolutionary Oil Spill Clean Up Technology

Posted by AGORACOM-JC at 11:37 AM on Tuesday, July 29th, 2014

RZX: CSE

Highly Cost Effective – Clean Ocean Vessel

  • The COV’s rapid recovery rate and large on-board storage result in low per barrel recovery cost.
  • The COV’s simple design minimizes down time for repair and maintenance.
  • A two-man crew can be easily trained and the COV vessel can operate long hours without interruption
  • Detailed construction progress report is expected in August 2014, with testing and commissioning of the COV anticipated in Q3 of 2014

Design Versatility

  • COV’S can be scaled to meet various application requirements (sizes range from 10 Ft., 20 Ft., 40 Ft., 80 Ft., 100 Ft. (references to length of vessel
  • A standard 40-foot COV is 40 feet in length, 26 feet in width, and 12 feet in depth
  • The following page has a 3D visual description of a COV
  • Recently completed the engineering drawings for the Clean Ocean Vessel (COV) and ordered critical components to initiate construction on the COV

Recent Highlights

  • Creating a new business division, through a subsidiary entity, to enter into the marine industry.
  • Announced that Rick Carson, of Montreal, PQ, has agreed to join Robix as a Strategic Advisor.
  • Announced that it intends to enter into an agreement with Rayco Steel Inc., wherein Rayco shall work on completion of engineering construction drawings for the anticipated construction of the first Clean Ocean Vessel.

How the COV compares to the competition:

  • Rates of oil recovered and recovery-throughput efficiencies are noted as “oil rate of recovery” (ORR) and “recovery efficiency” (RE).
  • The water surface lifting force generated by the COV’s patented contra-rotating drums acts in a suction or pumping manner that increases the ORR compared to conventional skimmer systems and the RE of the COV is in the 90-97% range. This is competitive with best in class 21st century technology in terms of ORR and RE.
  • Further improvements to the ORR (in terms of gallons per minute) could easily catapult the COV to “top three” status, by increasing the surface area of the drums through design modifications without impairing the stability of the vessel which is inherent to the COV design.
  • When our competitors’ skimmer systems meet waves above 18 inches, they are forced to suspend service. The COV operates in rough sea conditions (as high as 8 feet waves), significantly out-performing its competitors, and stands in a class of its own.

Featured COV Technology

Company Objectives

  • Seeks to establish itself as a leading intellectual property holder to help meet the worlds growing energy needs, while considering the significant requirement to find and use the most effective integrated green energy solutions.
  • Protection of the environment, whether it is on land, sea, or in the air is still a growing global concern and in the 21st century, more than ever, it is imperative that effective products and services be available. Since its incorporation, Robix has sought to expand its capability to package and deliver these critical resources.

12 Month Stock Chart


Parents of six-year-old medical marijuana user calling for legal access to marijuana oil

Posted by AGORACOM-JC at 10:11 AM on Tuesday, July 29th, 2014

CTV Ottawa

The parents of six-year-old Ottawa Constance Bay boy who suffers from a rare form of epilepsy are desperately calling for changes to Canada’s medicinal marijuana laws.

Liam McKnight’s parents are breaking the rule by giving him marijuana oil to help treat his severe seizures.

Liam has Dravet Syndrome, a rare form of epilepsy that causes him to suffer violent seizures, sometimes dozens a day.

But under Heath Canada rules, licensed producers can only produce and distribute dried marijuana.

Liam’s mother Mandy McKnight says her son is technically only allowed to smoke it or vaporize it.

But she doesn’t want Liam smoking marijuana, and she says he wouldn’t be able to anyway.

Liam is developmentally delayed, and his mother says he would not understand how to inhale it.

McKnight says the best way for Liam to receive the medical benifits of the drug is to ingest it as an oil, not to smoke it.

The strain of marijuana Liam is taking is higher in CBD, the compound that helps him, and very low in THC, the compound that produces the drug’s “high” effects.

Liam’s mom says they have tried several different medications to treat Liam’s seizures, and so far marijuana oil has been their best defence against them.

Liam’s parents are calling on the federal government to make medicinal marijuana oil legal.

Right now, they must go through the costly and lengthy process of buying the dried marijuana, having it converted into oil, then tested to check its properties so they can determine the proper dosage to give Liam.

They say they don’t know how long they can sustain that.

According to Health Canada, “current regulations for clinical trials would allow a sponsor to propose a clinical trial for extracts of cannabis. A manufacturer or another sponsor (e.g., a physician or treatment centre) can submit a clinical trial application to Health Canada at any time.”

But the McNights say they don’t have time to wait for a clinical trial.

They say last year, 14 children in their Dravet Syndrome support group passed away.

They want Liam to have easier access to the oil so his quality of life can be improved.
“I don’t understand why Health Canada is preventing him from accessing a medication that could potentially save his life, or extend it for a very long period of time,” Mandy McKnight said.

“We’re trying to do everything we can to just give him a break, and give him a chance to just be a kid,” she said. “I think it’s a viable treatment option, and he deserves a chance to try it.”

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

CLIENT FEATURE: DNA Precious Metals (DNAP: OTCQB) Production Target Fall 2014 with 7+ Year Mine Life In Quebec

Posted by AGORACOM-JC at 10:54 AM on Monday, July 28th, 2014

DNAP: OTCQB

Focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets.

Why DNA Precious Metals?

  • Company is 100% unhedged thus positioned to fully benefit from any future rise in precious metals prices
  • Main asset is the Montauban Tailings Mine Property located at Notre-Dame-de-Montauban in one of the world’s most favorable mining jurisdictions; the province of Quebec
  • Focused on the extraction of gold, silver and potentially, the industrial mineral mica (phogopite) from the approximate 2.5 million metric tons of historic mining residues (“residues”) situated in the Montauban area
  • Extraction of the valuable metals from the residues is a low cost process compared to the processing of ore.
  • Economic potential from the processing of the residues is approximately 174 million dollars

Competitive Edge

  • Sole mining company in Canada with its primary focus of bringing a tailings residue site into commercial production. The Company has “first mover advantage” in Quebec, and may expand into exploitation of other tailings sites throughout the province
  • Longer term potential is tailings exploitation nationally and in other jurisdictions.

The Montauban Project

Montauban, a series of advanced exploration claims, is located in the Portneuf County of Quebec, Canada. The project is situated approximately 120 km west of Quebec City and approximately 60 km north of Trois-Rivieres.

The project is accessible by vehicle through route 363 linking Saint-Marc des Carrieres, St- Casimir, Saint-Ubalde and Lac-aux-Sables, then following the route leading to Riviere-a-Pierre which cuts through the property.

Tailings

In July of 2010, 9215-8062 Quebec Inc. began a drilling campaign to evaluate the potential resources in the mining residues identified as “recent tailings” located on claims numbers; 5233236, 5233237, and 1037669. After receiving encouraging results from the initial drill campaign, 9215-8062 Quebec Inc. mandated Mr. Yves Gagnon, Engineer Geologist, to supervise a second drill campaign and to evaluate the Montauban Tailing resources by completing a National Instrument 43-101 compliant resource estimate.

Consequently, in January of 2011 Mr. Yves Gagnon Eng.Geo published the 43-101 Technical Report on the Resource Evaluation of the Montauban Tailings indicating the measured resources below. DNA Precious Metals Inc. is 100% owner of the sixty-five mining claims where the Montauban Tailings are located.

Historical tailings of approximately 2.5 million metric tons from past producers have been identified by multiple independent government reports for the Montauban Property. The tailings from those past producers in the Montauban Property area are;

Corporate Video

DNA Crypto Corp.

Company has recently announced that it has formed a wholly owned subsidiary under the laws of the State of Nevada called DNA Crypto Corp. The new subsidiary will seek to identify the best crypto currency mining opportunities in the US and Canada. Initially, DNA Crypto Corp. will focus on mining bitcoins which currently represents the world’s most popular crypto currency. Bitcoin has the biggest liquidity pool of all the crypto currencies with over 12.8 million bitcoins in circulation and with a market capitalization of $8.4 billion US. Well known investors like Marc Andreessen and innovative financial organizations like Second Market are firmly behind bitcoin and the potential for bitcoin to be transformative.

Stock Chart


Update on Permitting for the Beauce Placer Gold Project, the Golden Hope Mines Option and Closes Financing

Posted by AGORACOM-JC at 3:42 PM on Friday, July 25th, 2014

Montreal, Quebec / July 25, 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) recently met with Quebec’s Ministry of Natural Resources (“MRN”) to discuss the implication of the province Bill 70 that amended the Mining Act. The Company is pleased to announce that the amended Act has no negative impacts for the permitting process of both Uragold’s Beauce Placer gold project and the Option on the Golden Hope Mines Bellechasse-Timmins gold deposit.

As previously announced on November 26, 2012, Uragold applied to the MRN for the right to processes 9,000 cubic meters (m3) of auriferous till through a pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect of the gold grade of the buried placer channel, step required for the establishment of a higher level resource category required to complete the Feasibility Study (“FS”) requirement found in the new Mining Act.

Since the maximum size authorized for a Bulk Sampling program under the Mining Act is 2,800 cubic meters (m3) and because Uragold needs to complete Phase 1 before it can prepare an FS, the MRN has confirmed that they are ready to grant Uragold a “conditional” Mining Lease to complete Phase 1 based on the result of a Preliminary Economic Assessment study (PEA) and an approved Closure Plan. UBR will be authorized to start full-scale production (Phase 2) once the FS is submitted.

The Company’s latest technical report (April 18, 2014) already contains these requirements in the work recommendations and therefore the New Mining Act does not affect the Corporation development timeline.

In February, Uragold announced an Option agreement with Golden Hope Mines to acquire up to 50% of the Bellechase-Timmins (BT) gold deposit. Part of the agreement required Uragold to complete a PEA. As a result to the new Mining Act, Uragold will now have to complete an FS instead of a PEA. This new requirement is not seen as a major issue since the Option agreement already required that UBR complete a new NI 43-101 Report for BT. In order to complete the new Technical Report, Uragold will first start by assaying the material from the previous bulk sampling completed on BT. With the new report Technical Report Uragold believes it can complete the required FS successfully.

Patrick Levasseur, President and COO of Uragold said: “I would like to thank the MRN for their collaboration in assisting Uragold in developing two gold mines in the Beauce region of Quebec.”

Closing of Private Placement

Uragold is pleased to announce that it has closed a non-brokered private placement, which is comprised of 3,333,333 units (“Unit”) at $0.06 per Unit for gross proceeds of $200,000. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.10 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals. The net proceeds from the Private Placement will be used primarily for Quebec Quartz exploration activities and general working capital.

About Quebec Quartz

Uragold acquired some of the most prospective historical High Purity Quartz deposits with High Purity Silica (+99.5% SiO2) (HPS) values in Quebec during Q2 2014. Quebec Quartz is a 100% own subsidiary of Uragold Bay Resources, a junior exploration company listed on the TSX Venture under the symbol UBR. Quebec Quartz holds a strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec.

About Silica

Quartz is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company listed on the TSX Venture. Uragold holds gold properties in Southern Quebec’s Appalachian belt. Uragold is implementing a unique business model that calls for developing smaller-scale mining projects, (Capex < C$10M with a starting LOM between to 3 to 7 year), which can generate high yield returns (IRR > 50%), into mines in order to generate free cash flow to internally finance growth and blue-sky exploration projects

Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

NEAH Power Discusses Fuel Cells in Cars on Autos 0-60 Radio Show

Posted by AGORACOM-JC at 3:33 PM on Friday, July 25th, 2014

NPWZ: OTCQB

Fuel cell technology was first used in space crafts in the 1960s and 70s. Today, Hyundai introduced the first fuel cell powered vehicle. Alternative Energy gets enormous attention and funding but many Solar/Micro-Grid solutions have weather-related drawbacks while fuel cell technology use oxygen and hydrogen as fuel to create electricity.

Will Fuel Cell Powered cars become a reality? How does it work? Are they safe? Consumers are curious and hoping to hear from experts other than just the car-makers.

One of the main issues to-date with the adoption of fuel cells for cars is compressed hydrogen has had associated safety issues when used in automobiles. How is one company providing a solution to this barrier?

Neah Power’s patent-pending technology enables the use of a liquid, safe fuel (formic acid) for automotive applications without the associated costs of a dedicated hydrogen generation plant or the safety and handling issues associated with the use of compressed hydrogen. In addition, formic acid could leverage the existing gasoline distribution infrastructure for enabling zero emission transportation.

North Shore Campaign on the Julie Nickel-Pge Project & Corporate Update

Posted by AGORACOM-JC at 2:24 PM on Friday, July 25th, 2014

 

Montreal, Quebec / July 25, 2014 – St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (BSE: 85G1) is pleased to update its shareholders on exploration efforts on its Julie Nickel & PGE project on Quebec’s North Shore and on other corporate matters.

Julie Nickel & PGE Project 2014 Campaign

St-Georges‘ personnel has started to work on planning and permitting for a drilling campaign. This campaign is designed to test 75-100 metres of depth within a block 1,500 metres long by 200 metres wide within the previously identified 1.5 km corridor of sulphide impregnated rock that has been mapped at surface. The Company is expecting to complete the surface sampling and channelling campaign initiated last year along the 1.5 km identified sulphide rich zone.

This program will sample large sections of the remaining 10 km electromagnetic conductor located within an identified mafic unit which coincides with a few sulphide rich outcrops of interest. Large sections of the sulphide rich outcrop will be investigated through channel sampling and a tight grid that encompasses the 1.5 km corridor already identified. Random samples will be collected from outcrops during mapping traverses. A gravimetric survey is also proposed for this area to further define targets.

Shongwa & Mwinilunga; Proposed Acquisition in Zambia

As announced earlier, the Company has completed all title verification on the proposed Zambian transaction.

However, technical due diligence has been hampered by delays in acquisition of supporting data related to reports and information initially delivered to us by the vendor. The Definitive Feasibility Study commissioned by the vendor, Kasni Investment Limited in 2013, makes certain claims regarding the existence of a very large mineral resource and we have failed so far to find the evidence supporting the existence of any size of mineral resource. The Company has no firm timetable as to when or whether the necessary data will be delivered and allow the completion of the due diligence. Therefore, a definitive closing, if any, for this proposed transaction is impossible to predict.

Initial announcement of the proposed Zambian Transaction in February provided the Company with additional offers similar in size and grade to the original project. In a few cases these offers are similar or better entry points for St-Georges than the original. The Company is reviewing the potential for acquisition of near production projects in Zambia, Namibia and in South Africa.

Other Transactions

Firming up in Nickel prices and renewed interest for the commodity has triggered new interest for nickel projects. The Balmoral Resources (BAR on the TSX) discovery earlier this year of 45.28 metres grading 1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium has also contributed to renewed interest in high grade nickel projects in Quebec. St-Georges has been contacted by groups looking to enter the nickel exploration field and the Company has initiated discussions to sell or joint venture some of the projects that it owns in Quebec. For comparison purpose only, the 2011 surface campaign on the Julie Nickel & PGE Project yielded an average of 1.78% nickel and 0.33% copper from select surface samples collected within the above described 1.5 km sulphide rich zone identified as the Julie Corridor.

ON BEHALF OF THE BOARD OF DIRECTORS

Wei Tek Tsai

Wei Tek Tsai, Director

Joel Scodnick, P.GEO, St-Georges’ VP Exploration, Qualified Person under National Instrument 43-101 has reviewed the content of this press release.

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX, on the OTCQX under the Symbol SXOOF and on the Berlin Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel-Cobalt & Platinum Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

AGORACOM FEATURE: (UBR: TSX-V) A Leader in High Purity Quartz Exploration in Quebec

Posted by AGORACOM-JC at 4:14 PM on Thursday, July 24th, 2014

UBR: TSX-V

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry
  • Has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries

Uragolds business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering world class gold deposits. The Company’s properties are located in Canada in the Appalachian region of the province of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks.

Developing Quebec’s First Placer Gold Mine

Beauce Placer Gold Project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project has all the required environmental permits to start its operations, and is in the final stage for obtaining a 20 year mining lease for a placer gold mining operation. It will be Quebec’s first placer mine in 50 years.

The Company declared inferred resource of 23,000 oz. AU (741,000 m3 @ 0.97 g Au/ m3) on the Rang Chaussegros section. The importance of the nugget effect on the project potential is such that gold recovery could be between 23,000 (741,000 m3 @ 0.97 g Au/ m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/ m3), as per data derived from the historical mining figures.;

Developing an open pit gold mine in the Beauce

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

In August 2012, GNH published a resource estimate of an indicated resource of 313,900 ounces gold (2.9 million tonnes grading 3.36 g/t Au) and an inferred resource of 102,000 ounces gold (2.17 million tonnes grading 1.46 g/t Au) using a cut-off grade of 0.60 g/t. Furthermore, GNH’s many bulk-sampling campaigns revealed extensive areas of surface mineralization averaging approximately 3 g/t Au. Notable were sampled areas averaging up to 10 g/t Au (Trench 09A).

The Beauce Placer property and the Golden Hope Mines’ Bellechasse-Timmins (BT) Gold Deposit (which are both ‘nuggety’ type deposits) are located within Magog Group sediments. It should be noted that the Beauce gold project has a thick till in contrast to the Bellechasse-Timmins (BT) Gold Deposit where most of the till has been eroded away and exposed the outcrops. This suggests that both the Beauce and the Bellechasse/ Timmins deposits are genetically related – the Beauce being a placer deposit derived from an unknown Bellechasse/ Timmins type deposit.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

  • 38,000 meters drilled, 2010 to 2012
  • Gold Recovery:
    • Gravity separation up to 92%
    • Total gold (gravity + cyanidation) 99%
  • Less than 1% Bellechase-Belt explored
  • Located in the municipality of Saint-Magloire, in the Beauce region of Quebec
  • 1 ½ hour drive south of Quebec City
  • 3 ½ hours from Montreal
  • Accessible year round on all paved roads, close to urban infrastructures

Moe River Gold Property

The Moe River Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec.

The gold bearing gravels of the Moe river valley has attracted prospectors since the 1900. Between 1958 and 1962, Tamara Mining Limited worked in the Moe River area, under the direction of G. A. Blair, P.Eng. Blair defined a historical resource based on the volume of gravels in the terraces along the river. He concluded that there were between 45 to 48 million cubic yards of material in all of the terraces containing a total of 400,000 ounces of placer gold.

Hub On AGORACOM / Corporate Profile / Corporate Website

 

Liberty Star Uranium & Metals Corp. Message to Shareholders

Posted by AGORACOM-JC at 3:53 PM on Thursday, July 24th, 2014

Message to Shareholders

July 24, 2014

The need for a continuous, secure supply of rare earth elements is widely reported. The rare earths mining industry is responding to this need, including Liberty Star; we seek to explore and develop the large (7 – 9 sq mile) rare earth metals anomaly discovered at Hay Mountain in southeast Arizona.

In that endeavor we have engaged a lobbying group, VogelHood Research (NR 181) to bring the Liberty Star REE story before the appropriate congressional subcommittees. Yesterday we submitted Testimony for the Record to the House Subcommittee on Energy and Mineral Resources for the July 23rd hearing on “American Metals and Mineral Security: An examination of the domestic critical minerals supply and demand chain.” Mineweb covered the hearing – Dorothy Kosich “Coherent national mineral policy a must for U.S. manufacturing, Congress told

Liberty Star’s website includes several links to news, educational articles and videos reinforcing our aim to concentrate on the exploration of the REE anomaly at Hay Mountain.
Summary of REE information shared on our website:

Videos:

Short overview on the uses and the looming shortage of REEs. Good if you only have 3 minutes for the issue: DNews hosted by Anthony Carboni, Why We Need Rare Earth Elements
Commentary and information about the military uses of REEs by metals expert commentator/consultant Jack Lifton. This video was produced by Ucore, the owners of the rare earth Bokan Mountain Mine (AK): ucoreTV: Jack Lifton – USDOD & Ucore

Links:

Rare earth elements are required for a wide variety of modern electronic, autos and weapons systems: Uses of REEs Courtesy of American Elements Liberty Star’s Jim Briscoe used this graphic in in his article, About Rare Earth Elements Both were submitted as Testimony for the Record to the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources Hearing on “American Metals and Mineral Security: An examination of the domestic critical minerals supply and demand chain” (NR 184)

According to US Geological Survey officials, rare earth elements bonanza in the USA:

Arizona could become a center for REE mining:

University of Arizona Department of Mining and Geologic Engineering Head, Professor Mary Poulton and Arizona Geologic Survey Director and State Geologist Lee Allison comment: Nathan O’Neal KVOA.com ‘Rare earth’ mineral could mean revival for Arizona’s mines Lee Allison Arizona Geology: Blog of the State Geologist of AZ Rethinking rare earth element potential in Arizona

Liberty Star Uranium & Metals Corp. trades as LBSR: OTCQB
Contact:
Agoracom Investor Relations
lbsr@agoracom.com
Liberty Star Uranium & Metals Corp.Tracy Myers, 520-425-1433

Investor Relations

info@LibertyStarUranium.com

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