Agoracom Blog

American Creek Resources – Electrum Project High Grade Specimens Average 27,092 gm/t Silver and 248 gm/t Gold

Posted by AGORACOM-JC at 9:16 AM on Tuesday, January 19th, 2016

  • Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing
  • Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold

CARDSTON, ALBERTA–(Jan. 19, 2016) - American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to provide results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing.

Twenty-two specimens were collected along a central druzy quartz vein, approximately 35 cm wide, infilled with dark grey mineralization. The specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold.

The following table lists the results.


The American Creek 2015 fall exploration program focused on the Shiny Cliff area. Its objective was to gain a better understanding of the geological structures present and to test a newly developed exploration concept and approach for the property.

A specialized diamond coring drill was utilized which had the capability to drill flat holes and which provided the ability to drill targets of interest with more precision. Approximately 100 grab specimens were collected from various locations on the property and eight shallow diamond drill holes totaling 1020 feet were drilled.

Drilling was carried out 15 metres to the southeast towards the Shiny Cliff showings. Our current understanding of the larger structure which hosts the high grade specimens from the Shiny Cliff showings are that the alteration zone is roughly 10 metres wide containing 3 veins. The structure strikes NorthWest and dips steeply to the SouthWest into the hillside. The Shiny Cliff Vein material assayed is interpreted to be the central of the 3 veins intersected by the drilling.

Precious metal values for all specimens were measured by the accurate, but destructive, fire-assay. 50 gram specimens were fire assayed by Bureau Veritas Minerals Laboratories (BVML) services in Vancouver, Canada. The technique used lead collection fire assay fusion for total sample decomposition, digestion of the Ag dore bead and the gold bead is then analyzed by gravimetric method. It should be noted that an extra equipment wash with silica between specimen pulverizing was in place to reduce sample cross contamination.

Additional assays results, along with an interpretation of those results, will be released in the near future after further analysis has been completed.

The Electrum project is 100 per cent owned by American Creek and is located in the Golden Triangle, north of Stewart, B.C., a region known for its dynamic, large scale precious metal exploration and mining activities

The Electrum project (historical East gold mine) is located approximately 25 km south of Pretivm’s Brucejack gold mine. The Electrum is road accessible and is only 45 km from world-class concentrate shipping port facilities located in Stewart.

The Qualified Person for the Electrum exploration program is Alex Burton, P. Eng., P. Geo. for the purposes of National Instrument 43-101.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Information relating to the Corporation is available on its website at www.americancreek.com.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
info@americancreek.com
www.americancreek.com

Newspapers Are Not Dying Because Of Technology. They Shot Themselves In The Head

Posted by AGORACOM at 7:15 PM on Thursday, February 4th, 2016

Canada Newspapers

 

It still amazes me that Canada’s newspapers didn’t figure out a long time ago that content could have saved them. Reporting on another car bombing in Iraq, ferry boat disaster in the Philippines and tensions between Israel and Palestine was just a stupid path to continue down. Flat out stupid.

They needed to turn into massive “local” papers that provided readers with helpful, useful, actionable information. Not just bad news pertaining to car accidents and city hall drama. REAL. ACTIONABLE. INFORMATION.

Divide the Toronto version into Toronto, Scarborough, Mississauga, York Region, etc. and report on things helpful to subscribers. How are the schools performing? How are the bridges holding up? What matters are up for debate in city hall? Where is new construction taking place? What is a fair property tax increase to make sure services are delivered properly? Who is throwing away your money? Rank the local soccer clubs. Which city is growing, which one is dying.  Where are the opportunities?

Do a deep dive into all of these things.  Don’t just report.  DIVE.  I don’t give a shit about two tribes in Afghanistan.  Tell me everything I need to know about living a better life in my region.

Cut out anything generic that your subscribers could have found on the web. Don’t waste a paragraph summarizing the Dallas Cowboys / Miami Dolphins game yesterday. Other people do that way better than you.  Just give me the scores.  Do tell me about what is going on in the home team dressing rooms and which young GTA athletes are looking like professional prospects.

Do the same thing in every city across Canada.

The result should have been a smaller but far more dense newspaper that was invaluable to its readers. Give Joe Subscriber a reason to keep giving you $600 / year …. because he sure ain’t giving it to you to read about two tribes scrapping it out in Afghanistan.

Canadian newspapers aren’t dying because of technology. They’re dying because they forgot to deliver the news that matters to their subscribers.

And Now You Die.

Can Tourism Save Oman From Cheap Oil? – Analysis

Posted by AGORACOM-JC at 11:15 AM on Wednesday, February 3rd, 2016
Oman major oil and natural gas infrastructure. Source: U.S. Energy Information Administration, IHS EDIN
  • Of all Gulf Cooperation Council (GCC) members, non-OPEC Oman is most vulnerable to low oil prices.
  • Oman’s vibrant tourism industry has the potential to become the sultanate’s lifeline as the oil crisis poses a host of new challenges.
Oman major oil and natural gas infrastructure. Source: U.S. Energy Information Administration, IHS EDIN

By Giorgio Cafiero February 2, 2016

Of all Gulf Cooperation Council (GCC) members, non-OPEC Oman is most vulnerable to low oil prices. In the 1990s, the sultanate discovered that its oil reserves were substantially smaller than previously thought and Oman’s sovereign wealth fund is a fraction of the size of other GCC nations. At this juncture, Oman—dependent on hydrocarbons for 84 percent of its revenue and roughly half of its GDP—must increase revenue from non-energy sectors. Many Omanis believe that their nation’s vibrant tourism industry can serve as a Plan B, effectively counterbalancing the financial problems stemming from cheap oil.

As oil prices plummeted last year, Oman ran a USD 11.7 billion deficit. To finance the shortfalls in this year’s budget deficit (expected to reach USD 8.6 billion), officials in Muscat have recently approved belt-tightening measures such as raising corporate taxes, deregulating fuel prices, increasing expat visa fees, removing utility subsidies and indefinitely stopping bonuses for public sector employees.

Last month I travelled to Salalah where I met with hotel managers to discuss the country’s tourism industry and their role in the sultanate’s quest to achieve greater economic diversification. One could be forgiven for doubting that the tropical city of Salalah, situated along the Indian Ocean coast in Oman’s southernmost Dhofar governorate, belongs to the same continent, let alone country, as Muscat. Freshwater springs, waterfalls, fruit plantations, flower gardens, palm groves, and quiet beaches attract many tourists each year. Although travelers from Europe (mainly from Germany, Italy, Slovakia and Sweden) occupy the city’s hotels year round, Arab Gulf state nationals escape the scorching summer heat during the monsoon (or khareef) season between June and September to enjoy Salalah’s natural beauty and cooler temperatures.

Cheap oil has severely damaged Muscat’s economy, but it appears to have benefited Salalah’s. In an effort to diversify Oman’s sources of revenue, Omani officials have invested in large infrastructure projects across the Dhofar governorate, including the state-of-the-art Salalah International Airport that opened last year and the Sultanate’s National Railway network. Oman’s leadership views such projects as strategic investments that will pay off in the long run by enabling Salalah’s tourism industry to accommodate a greater number of international visitors.

Despite the proximity to Yemen, Salalah’s hotel managers maintain that there is no link between that country’s crisis and any decline in hotel occupancy. Fortunately for Salalah’s stakeholders, Yemen’s easternmost territory near Oman has remained relatively stable and peaceful. Yet, recognizing the potential threat that spillover from Yemen’s civil war could pose to peace in Salalah, Oman’s military has closed the border. Indeed, the Russian plane crash in Egypt and the Sousse and Bardo Museum attacks in Tunisia underscore the potential for terrorism to damage tourism industries.

Hotel managers worry less about spillover violence than the hesitancy of European tourists to vacation so close to a war zone, where heavily armed extremists have asserted their growing power through violence. To address this issue, Oman’s Ministry of Tourism has stepped up efforts to communicate to Western audiences that the country remains stable, despite the 187-mile border it shares with Yemen.

In addition to political stability, a peaceful and tolerant culture bodes well for the future of Oman’s tourism sector. As one hotel manager succinctly put it, “Oman is not Saudi Arabia.” In 2014 Oman’s Majlis al-Shura, the country’s elected consultative body, proposed legislation to criminalize alcohol. Yet, understanding the disastrous effect such a law could have on tourism, few in the tourism industry took the proposal seriously. One man in Muscat explained that although many Omanis do not drink alcohol (or do so rarely), it is contrary to the ‘Omani style’ to impose such a code on foreigners who hail from different parts of the world and bring their own cultures and traditions to the sultanate.

As a maritime nation that once governed an empire stretching from Pakistan to Tanzania, Oman identifies not only as an Arab and Muslim nation, but also as an Indian Ocean country. The racial, cultural, and religious diversity within the sultanate’s political and economic elite underscores Oman’s deeply rooted tradition of accepting non-Arabs and non-Muslims, who have long played an important role in the nation’s history. Omanis are an outwardly looking people who are proud of their diversity. The absence of sectarian strife, terrorism, and violence waged against Western expatriates and tourists certainly distinguishes Oman from other Middle Eastern countries.

Of course, Oman’s future is naturally uncertain. Experts have considered several scenarios whereby the death of Sultan Qaboos, on the throne since 1970, could trigger a succession crisis and foment political unrest. Yet if Oman can maintain its peace and stability in the post-Qaboos era, there is every reason to expect that tourism in Salalah and other parts of Oman can flourish regardless of low oil prices.

Oman’s economic model, which has depended on oil exports since the 1970s, has transformed the sultanate from the impoverished and isolated backwater it was during the reign of Sultan Qaboos’ father Said bin Taimur into a wealthy GCC member. However, such an economic model is unsustainable as Oman reportedly has only 15 years before its oil reserves go dry. To maintain long-term prosperity, Omanis must use their existing petro-wealth to diversify the economy and acquire more revenue from non-hydrocarbon sectors.

At present, cheap oil has exposed the risks of maintaining an unhealthy dependence on hydrocarbons. China’s economic slowdown, Saudi Arabia’s oil production policy, the reentry of Iranian oil on the global market, and the rise of the United States as a major energy actor have led analysts to predict that oil prices will remain low for at least a few more years. This dynamic does no favors for Oman’s state finances. However, Oman’s vibrant tourism industry has the potential to become the sultanate’s lifeline as the oil crisis poses a host of new challenges.

MENASource, a blog sponsored by the Atlantic Council, originally published this article.

Source: http://www.eurasiareview.com/02022016-can-tourism-save-oman-from-cheap-oil-analysis/

Durango Receives Unsolicited JV Proposal

Posted by AGORACOM-JC at 2:19 PM on Friday, January 29th, 2016

Logo

  • Announced that it has received an unsolicited joint venture proposal for NMX East claims which are adjacent to Nemaska Lithium Inc. (TSX.V-NMX) Whabouchi Lithium Property
  • Nemaska Lithium announced on January 8, 2016 that it was added to the S&P/TSX.V Select Indices, and announced September 4, 2015 that it “Receives general certificate of authorization for Whabouchi Lithium Mine in Quebec”.

Vancouver, BC / January 29, 2016 – Durango Resources Inc. (the “Company” or “Durango“) announces that it has received an unsolicited joint venture proposal for Durango’s NMX East claims which are adjacent to Nemaska Lithium Inc. (TSX.V-NMX) Whabouchi Lithium Property. Nemaska Lithium announced on January 8, 2016 that it was added to the S&P/TSX.V Select Indices, and announced September 4, 2015 that it “Receives general certificate of authorization for Whabouchi Lithium Mine in Quebec”.

The NMX East Property is adjacent to Nemaska Lithium’s proposed open-pit lithium mine and consists of approximately 1,200 hectares of claims bordering the east, northeast, west and northwest.

Durango will provide further updates if and when a joint venture agreement is reached on the NMX East property.

About Durango Resources Inc.

Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner’s Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.

DURANGO RECOIT SOLLICITEES JV PROPOSITION
Vancouver, Colombie-Britannique / TNW-Accesswire / Janvier 29, 2016 – Ressources Durango Inc. (la “Societe” ou “Durango”) annonce qu’elle a recu une proposition de coentreprise non sollicitee visant les revendications NMX Est de Durango qui sont adjacentes a Nemaska Lithium Inc. (TSX.V-NMX) Lithium propriete Whabouchi. Nemaska Lithium a annonce le 8 Janvier, 2016, qu’il a ete ajoute a l’indice S & P / TSX-V Selectionnez indices et annoncee le 4 Septembre, 2015, qui elle “recoit certificat general d’autorisation pour Whabouchi mine de lithium au Quebec”.

La NMX-Orient propriete est adjacente a Nemaska Lithium propose mine a ciel ouvert de lithium et se compose d’environ 1,200 hectares de revendications qui bordent l’est, au nord, a l’ouest et au nord-ouest.
Durango fournira de plus amples mises a jour si et quand un accord de joint-venture est atteint sur la propriete NMX-Orient.
A propos de Ressources Durango Inc.

Durango est une societe de ressources naturelles engagee dans l’acquisition et l’exploration de proprietes minieres. En plus des projets de calcaire Fortune et de l’ile Smith de la Mayner, la Societe detient un interet de 100% dans la decouverte et de proprietes auriferes Trove dans la region de l’Abitibi au Quebec, et la propriete de graphite Buckshot pres de la mine Miller Graphite au Quebec.

For further information on Durango, please refer to SEDAR at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

LNG Investments Will Have Long-Term Benefits For B.C.

Posted by AGORACOM-JC at 11:03 AM on Friday, January 29th, 2016
LIQUEFIED NATURAL GAS TOKYO
  • Issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition
  • Facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C.
  • This alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C

The issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition.

The facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C. While this alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C.

These benefits are considerable: the climate of B.C.’s north coast is colder and therefore requires less energy to liquefy natural gas than in other areas, such as the Gulf Coast; there are abundant gas fields relatively close to the plant; the north west coast of B.C. is considerably closer to many markets than competing jurisdictions; and B.C. has an abundant supply of engineers, planners and construction workers that are fully capable of building and operating a complex plant.

Given the economic doldrums facing other resource-based sectors in B.C. with the collapse of oil prices and the malaise in the minerals and metals markets, the B.C. engineering community recognizes the importance of projects such as LNG Canada moving forward. For many firms, the development of an LNG industry will buffer the impact that the downturn of the resource sector is having.

B.C. engineers bring their technical knowledge and commitment to public safety to every stage of the LNG process. Engineers and geoscientists provide expertise in identifying sources of natural gas and in ensuring that the extraction of the natural gas is done safely and in accordance with the latest standards. Engineers specializing in natural gas projects design and monitor the construction and on-going operations of the pipelines that take the gas from the fields to the plants.

The liquefaction plants that will take the temperature of the gas to negative 160 degrees Celsius will be in done in strict accordance with international engineering standards. Even the ancillary infrastructure surrounding these plants will be designed by engineers to standards that are among the best in the world.

Once the gas is ready to be shipped, it will be loaded onto a tanker in port facilities that will be designed by engineers experienced in marine terminal design. Tanker routing is subject to the Transport Canada TERMPOL Review Process, involving over 20 in-depth studies, including navigation and risk assessments. Engineers play an integral role in identifying risks and developing strategies to mitigate these risks.

The attention to these details is reflected in the fact that since 1964, one LNG tanker has entered Tokyo harbour every 18 hours, and there has not been a single incident involving a tanker in that harbour in more than 50 years.

There is no doubt that the scope of the LNG Canada project is enormous. The liquefaction plant will cost up to $40 billion and the costs of the pipelines and the extraction will cost billions more. Against this scenario we have seen the price of natural gas drop from just under $6 to under $2.50 per million British thermal units.

The important consideration is that these are projects with a lifecycle of over 50 years. The odds are that given the growth in the world economy over time — and the increased demand from developing economies that require gas to not only power their growth, but also as a cleaner alternative to coal-power — there will be growing demand for LNG, and the investment today will be seen as a shrewd move in the years to come.

Keith Sashaw is president and CEO of the Association of Consulting Engineering Companies British Columbia (ACEC-BC).

Source: http://www.huffingtonpost.ca/keith-sashaw/lng-project-kitimat_b_9073114.html

Durango Enters ROFR for Historic Pegmatite-Hosted Lithium Prospect Hosting Samples up to 6,200ppm Li

Posted by AGORACOM-JC at 2:05 PM on Friday, January 22nd, 2016

  • Entered into a right of first refusal (ROFR) on a lithium prospect located near Duval, Quebec
  • Anomalous grab sample yielding 6,200ppm Li2O from pegmatite was reported from the Duval Property in 1988

Vancouver, BC / January 22, 2016 – Durango Resources Inc. (the “Company” or “Durango”) announces that it has entered into a right of first refusal (ROFR) on a lithium prospect located near Duval, Quebec.

The Duval Property is located in La Motte Township, Quebec, adjacent to the historic lithium-producing La Corne Township. An anomalous grab sample yielding 6,200ppm Li2O from pegmatite was reported from the Duval Property in 1988 (SIGEOM Sample 1988008860).

The company will release further information regarding the Duval Property as it reviews the data for the project.

Lithium is used in several capacities, including in electric vehicle batteries such as TESLA (Nasdaq symbol TLSA). A recent report issued by Goldman Sachs dated December 2, 2015 called, “Lithium the new gasoline” http://www.goldmansachs.com/our-thinking/pages/macroeconomic-insights-folder/what-if-i-told-you/report.pdf.

An article on www.mashable.com by Adario Strange dated January 11, 2016, titled “Tesla’s Elon Musk claims and Apple Car is in the works” outlines Musk’s belief that APPLE Inc. (Nasdaq symbol AAPL) is working on developing and electric Apple car.

About Durango Resources Inc.

Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner’s Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

For further information on Durango, please refer to SEDAR at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

Liberty Star – LBSR Joins the OTCBB

Posted by AGORACOM-JC at 10:21 AM on Thursday, January 21st, 2016

  • Trading symbol has joined the Over The Counter Bulletin Board (OTCBB). Liberty Star continues to trade through OTC Markets, Pink Current Information (OTCPK) as well

TUCSON, AZ–(January 21, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star”) (OTCBB: LBSR) (OTC PINK: LBSR) is pleased to announce that its trading symbol has joined the Over The Counter Bulletin Board (OTCBB). Liberty Star continues to trade through OTC Markets, Pink Current Information (OTCPK) as well.

According to The Financial Industry Regulatory Authority (FINRA): “The OTC Bulletin Board (or OTCBB) is an interdealer quotation system that is used by subscribing FINRA members to reflect market making interest in OTCBB-eligible securities (as defined by FINRA Rule 6530). Subscribing market makers can utilize the OTCBB to enter, update, and display their proprietary quotations in individual securities on a real-time basis.” See more at FINRA.org

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Contact:

Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
info@libertystaruranium.com

American Creek Resources: Electrum Project-Rico Showing High Grade Average 54.6 GM/T Gold and 11,512 GM/T Silver

Posted by AGORACOM-JC at 9:07 AM on Thursday, January 21st, 2016

  • Eleven specimens were collected along a quartz vein.
  • Specimens from the structure average 11,512 gm/tonne silver and 54.6 gm/tonne gold.

CARDSTON, ALBERTA–(Jan. 21, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to provide results from outcrop specimens of high grade material collected on its Electrum property from a known vein on the Rico Showing. The Rico Showing is roughly 50 metres south of the Shiny Cliff Showing.

Eleven specimens were collected along a quartz vein. The specimens from the structure average 11,512 gm/tonne silver and 54.6 gm/tonne gold.

The following table lists the results.

Lab Ag Au
Specimen GM/T GM/T
L625675 1293 3.9
L625676 21068 75.1
L625677 18916 57.3
L625678 16466 93.2
L625679 969 5.2
L625680 44048 270.9
L625681 479 4.3
L625682 1050 4.6
L625683 717 8.4
L625684 10212 32.1
L625685 11187 52.9

The American Creek 2015 fall exploration program focused on the Shiny Cliff area, a northwest striking, approximately 10 metre wide highly silicified zone which hosts a minimum of three quartz veins. The zone and veins steeply dip southwest into the hillside. They have been traced on surface and tracked with horizontal drilling for 40 metres along trend. A modified diamond drill provided American Creek with the ability to drill targets of interest with precise short holes. American Creek is much encouraged with the success of the tight drill patterns, to reveal the geometry of the rich epithermal systems found on the property.

As reported previously, twenty-two specimens were collected along a central druzy quartz vein, approximately 35 cm wide, infilled with dark grey mineralization. The specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold.

The mineralized zone with North Face of Shiny Cliff is amenable to examination and thorough sampling by deep slot trenching. The practicality of this approach is illustrated by a roughly cubic 40 ton boulder that has broken off the face of Shiny Cliff and has moved about 20 metres downslope. Specimens from it averaged 857 gm/tonne silver and 10.6 gm/tonne gold.

The Mine Hill Showing is roughly half way between the historic East Gold mine and Shiny Cliff Showing. It is roughly 65 metres southeast of the Shiny Cliff Showing. Thirteen specimens were collected along a weathered, silificied and bifurcated, sulphide rich vein system. The specimens from the structure average 522.93 gm/tonne silver and 6.55 gm/tonne gold.

Lab Ag Au
Specimen GM/T GM/T
L625552 221 2.2
L625553 379 4.3
L625554 165 3.1
L625555 297 1.5
L625556 60 1.2
L625557 349 3.8
L625558 395 4.2
L625560 1912 23
L625561 1786 24.8
L625562 772 5.8
L625563 104 6.7
L625564 102 3.2
L625598 256 1.3

Precious metal values for all specimens were determined from fire assay by Bureau Veritas Minerals Laboratories (BVML) services in Vancouver, Canada.

A 100 metres southeast of the Rico, the Horse Trail Showing contains gold bearing galena. Exploratory grab specimens had gold values as high as 4.5 g/tonne.

Complete listing of assay results with a plan map of drill traces from the Electrum 2015 fall program, are available on the corporate website at www.americancreek.com.

The Electrum project is 100 per cent owned by American Creek and is located in the accessible southern portion of the Golden Triangle, north of Stewart, B.C., a region known for its dynamic, large scale precious metal exploration and mining activities. The Electrum project (historical East gold mine) is located approximately 25 km south of Pretivm’s Brucejack gold mine. The Electrum is 45 km by existing road from world-class concentrate shipping port facilities located in Stewart.

The Qualified Person for the Electrum exploration program is Alex Burton, P. Eng., P. Geo. for the purposes of National Instrument 43-101.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
info@americancreek.com

INTERVIEW: American Creek Discusses Recent High Grade Specimens With Avg. 27,092 gm/t Silver and 248 gm/t Gold

Posted by AGORACOM-JC at 8:38 AM on Wednesday, January 20th, 2016

  • Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
  • Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More

Hub On AGORACOM / Corporate Profile / Read Release

Durango Signs Right of First Refusal on Historic Lithium Surface Hot Spring

Posted by AGORACOM-JC at 2:13 PM on Tuesday, January 19th, 2016

  • Entered into a right of first refusal on a hot spring property located in northern British Columbia with historic lithium values
  • Force Awakens property is a lithium rich hot spring listed in the Geological Survey of Canada in paper 73-1 and reports, “a high content of lithium”

Vancouver, BC / January 19, 2016 – Durango Resources Inc. (the “Company” or “Durango“) announces that it has entered into a right of first refusal on a hot spring property located in northern British Columbia with historic lithium values.

The Force Awakens property covers a BC minfile occurrence #103I 004, which is a lithium rich hot spring listed in the Geological Survey of Canada in paper 73-1 and reports, “a high content of lithium”.

The Force Awakens project is adjacent to the highway, southwest of Terrace, BC and is in very close proximity to the previously announced acquisition, Mayner’s Fortune Property. The property location is along the highway between Terrace and Kitimat; Kitimat being the location of the recently approved 40 year LNG export licence of LNG Canada, so ample infrastructure exists in the area.

Marcy Kiesman, Durango’s CEO stated, “The project is in an area that the Company is very familiar with and allows for easy low cost sampling and exploration so Durango is looking very closely at this lithium property.”

Lithium is used in several capacities, including in electric vehicle batteries such as TESLA (Nasdaq symbol TLSA). A recent report issued by Goldman Sachs dated December 2, 2015 called, “Lithium the new gasoline” http://www.goldmansachs.com/our-thinking/pages/macroeconomic-insights-folder/what-if-i-told-you/report.pdf.

An article on www.mashable.com by Adario Strange dated January 11, 2016, titled “Tesla’s Elon Musk claims and Apple Car is in the works” outlines Musk’s belief that APPLE Inc. (Nasdaq symbol AAPL) is working on developing and electric Apple car.

About the Mayner’s Fortune Prospect

The Mayner’s Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometres south west of Terrace, BC and 4 kilometres west of Lakelse Lake on Lakelse River. The property is located adjacent to the CNR railway line running between Terrace and Kitimat, less than 50 kilometres away from the proposed LNG (liquefied natural gas) site at Kitimat, BC.

About Durango Resources Inc.

Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner’s Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.

For further information on Durango, please refer to SEDAR at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

KWG and China Railway First Survey & Design Institute Group Co., Ltd. Sign MOU

Posted by AGORACOM-JC at 10:06 AM on Tuesday, January 19th, 2016

  • Signed a Memorandum of Understanding today setting out the terms for mutually proceeding with a feasibility study for the design and financing of a railroad
  • Parties have agreed that a delegation of FSDI professionals will travel to Ontario for initial consultations prior to mid-March 2016
  • Memorandum of Understanding was facilitated by Golden Share Mining Corporation (TSX VENTURE:GSH), KWG’s agent in China

XI’AN SHAANXI, CHINA–(Jan. 19, 2016) - KWG Resources Inc. (CSE:KWG) (FRANKFURT:KW6) (“KWG”) and China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) have signed a Memorandum of Understanding today setting out the terms for mutually proceeding with a feasibility study for the design and financing of a railroad. The parties have agreed that a delegation of FSDI professionals will travel to Ontario for initial consultations prior to mid-March 2016. The Memorandum of Understanding was facilitated by Golden Share Mining Corporation (TSX VENTURE:GSH), KWG’s agent in China.

KWG has engaged Intercedent Limited, of China and Canada, to advise globally on the transaction.

The right-of-way staked and assessed by KWG subsidiary Canada Chrome Corporation will provide the alignment for the route. The First Nations whose traditional territories are traversed by the route will first be consulted to insure that their interests are accommodated, prior to further definitive agreements being undertaken by the parties.

About FSDI:

Established in 1953, China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) holds 26 national Grade-A complex qualification certificates for engineering survey, design, supervision and consultation.

Over the past 60 years since establishment, FSDI has led the design and construction of over 48,000 km of railways represented by western China’s railway network, and undertaken over 5,000 km of high-speed railways which have been in operation or are under construction in China.

FSDI has undertaken rail transit projects in over 30 cities of China, fully covering the whole process or industrial chain of planning, design, consultation, supervision, EPC and general property development of means of transport such as subway, light rail and tramcar. It has also undertaken railway, highway and subway consultation and design projects measuring a total of over 2,000 kilometers in over 40 countries.

FSDI’s complete survey & design technologies have been up to domestic or world advanced standards in fields such as mountain railways, plateau permafrost railways, desert railways, electrified railways, super long tunnels, large railway hubs or marshalling stations, wireless train control, command scheduling systems, and large interchange engineering.

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 also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The Company is prosecuting patent applications for both the direct reduction method and for a method of producing high purity chromium metal by continuous smelting.

Shares issued and outstanding: 871,418,968

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