Agoracom Blog

FEATURE: $AAO.ca Xylem’s Premium Takeover of Pure a Benefit to AAO Investors

Posted by Er at 4:37 PM on Friday, December 15th, 2017

 

Companies that develop patented technologies for inspection, monitoring and management of critical infrastructure are being acquired to meet growth demands of larger corporations.

  • Pure has received a 102% premium to market
  • Xylem quick to recognize growth potential and present value of Pure technology & assets
  • Augusta is a peer of Pure and provides similar infrastructure services in Oil Industry

Pure Technologies to be acquired by Xylem

Pure’s business model incorporates four distinct business streams coincident with Augusta

  • Premium technical services including pipeline inspection, leak detection and condition assessment
  • Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment
  • Sales of proprietary monitoring technologies for pipelines
  • Recurring revenue from data analysis, site maintenance, and from technology licensing.

Augusta Industries

FOX-TEK – Focused on the oil & gas sector with non- intrusive pipeline technology ( fiber optic sensors ) that accurately measure changes that could negatively impact clients’ operations.

3 Technologies Integral to Fox-Tek Operations:

  • EFM for Corrosion Monitoring
  • FBG for Cracking Stress Monitoring
  • Leak Detection Monitoring

Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities, clients that include government departments and global energy companies

  • US DHS
  • US DOE
  • US Air Force / Navy
  • NASA
  • Qatari Gas

AUGUSTA 2017 HIGHLIGHTS:

  • Augusta revenues for 2016 / $4.6M
  • Augusta market cap is 6.4$ as of December 14th, 2017
  • The proposed Spin-Off of FOX-TEK is expected to return up to $25,000,000 of stock to existing shareholders of Augusta.
  • Though terms of the Spin-Off are yet to be finalized, the proposed $2.5:$1 benefit to shareholders is now one step closer with the announcement of the Lock-Up Agreement & NCIB

 

For more information about Augusta:  watch this interview with Allen Lone on AGORACOM.

$EXS.ca Explor Increases Ogden Property $EXN.ca $HBE.ca $OSK.ca

Posted by Er at 4:20 PM on Thursday, December 14th, 2017

  • Claims acquired because of encouraging results obtained in Explor’s past exploration on this property.
  • Ogden property now consists of 23 mining claims  and 7 patented mining claims covering 2,006 hectares
  • Property obtained to pursue depths between 300 & 600 meters

 

Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of two (2) mining claims (3 units) situated in the Ogden Township, in the Porcupine Mining Division, District of Cochrane, Province of Ontario for a total of 48.56 hectares. These claims are located in Ogden Township contiguous and to the east of the Timmins Porcupine West Gold Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins. The claims were acquired because of encouraging results obtained in Explor’s past exploration on this property.

Explor Resources Inc. will pay CDN $2,000 and issue 100,000 common shares to acquire a 100% interest in the additional Ogden mining claims. The Optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, the Ogden property now consists of 23 mining claims (118 mineral claim units) and 7 patented mining claims covering 2,006.56 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships, Ontario. The Ogden property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

  •  Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
  •  Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

  •  Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
  •  Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Christian Dupont, President
Tel: 888-997-4630 or 819-797-4630
819-797-1870
Website: www.explorresources.com
Email: info@explorresources.com

$MQR.ca Monarques Gold Intersects 7.84 g/t Au Over 9.0 Metres (29.5 Feet) at Croinor Gold $GDX.ca $MCE.ca

Posted by Er at 9:24 AM on Thursday, December 14th, 2017

  • Hole CR-17-574 intersected 13.10 g/t Au over 4.0 metres, including 33.70 g/t Au over 1.0 metre, at a vertical depth of 58 metres.
  • Hole CR-17-577 intersected 7.84 g/t Au over 9.0 metres, including 37.80 g/t Au over 1.0 metre and 12.70 g/t Au over 0.8 metres, at a vertical depth of 197 metres.
  • Hole CR-17-578 intersected 7.76 g/t Au over 5.7 metres, including 14.30 g/t Au over 1.1 metres and 9.22 g/t Au over 2.6 metres, at a vertical depth of 203 metres.
  • The new results are additional evidence that the geological model provides predictability and the Croinor Gold deposit remains open along strike and at depth.

MONTREAL, Dec. 14, 2017 /PRNewswire/ – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report new results for its 2017 drilling program at Croinor Gold, including for the Gold Bug sector. These are the final results for the drilling program, which consisted of 26 holes totalling 9,388 metres of drilling on the Croinor Gold deposit and 26 holes totalling 5,457 metres in the Gold Bug sector (see Drilling location map).

“This was a successful drilling program because it enabled us to increase the size of the Croinor deposit, which remains open along strike and at depth,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our understanding of the deposit improves with each new hole drilled. The controls on mineralization we are using appear to be appropriate. Our strategy is to continue testing the mineralization at depth and to drill some holes at the east and west ends of the deposit. We will also drill holes in areas of the Croinor Gold deposit where we lack information, and will try to increase the indicated resource for the zones of the block model. We also obtained interesting results for the Gold Bug sector that will allow us to better plan our next phase of work on this very promising sector.”

Croinor Gold Deposit

Drilling on Croinor Gold had two objectives: (1) to validate the geological interpretation and dip of the mineralized zones and (2) to discover new zones at depth. Consequently, the Corporation did both definition and exploration drilling.

All the drilling of the 2017 program achieved one or both objectives. The definition drilling intersected the known mineralized zones in areas where the drilling density was not considered high enough. The additional intersections should help increase confidence in the resource contained in the zones drilled. The best intersections were obtained in holes CR‑17-574, CR-17-577 and CR-17-578 (see Sections 100W and 240W), which returned significant gold grades over reasonable widths.

Hole

Type of
drilling

From

To

Width*

Grade Au

(m)

(m)

(m)

(g/t)

CR-17-574

Definition

66.0

70.0

4.0

13.10

including

67.0

68.0

1.0

33.70

CR-17-574

Definition

127.4

129.0

1.6

1.74

CR-17-577

Definition

229.1

238.1

9.0

7.84

including

232.0

233.0

1.0

37.80

including

237.3

238.1

0.8

12.70

CR-17-577

Definition

250.2

253.0

2.8

1.51

including

251.0

252.0

1.0

3.80

CR-17-578

Definition

222.9

228.6

5.7

7.76

including

222.9

224.0

1.1

14.30

including

226.0

228.6

2.6

9.22

* The width is the length of the core. True width is estimated at 80-90% of the core length for the definition drilling.

In addition, exploration holes CR-17-562, CR-17-563 and CR-17-565 identified a new mineralized zone at depth, although the grade intersected is not very significant. Hole CR-17-581 was drilled to follow up on another mineralized zone at depth intersected previously by CR-17-547 (see press release dated August 31, 2017). The presence of sericite alteration and quartz veins confirms the existence of the mineralized structure.

Hole

Type of
drilling

From

To

Width*

Grade Au

(m)

(m)

(m)

(g/t)

CR-17-562

Exploration

285.9

289.0

3.1

6.46

CR-17-562

Exploration

317.5

318.2

0.7

3.36

CR-17-563

Exploration

292.0

294.0

2.0

2.34

CR-17-565

Exploration

177.0

180.0

3.0

1.50

including

181.9

182.5

0.6

1.73

CR-17-565

Exploration

277.9

286.8

8.9

2.15

including

280.0

286.0

6.0

2.87

CR-17-581

Definition

386.0

388.0

2.0

1.70

CR-17-581

Definition

396.9

405.0

8.1

1.08

including

396.9

398.0

1.1

5.61

* The width is the length of the core. True width is estimated at 40-60% of the core length for the exploration drilling and 80-90% for the definition drilling.

Gold Bug sector

The Gold Bug sector consists of three main mineralized zones (Gold Bug, Bug Lake and Trench 2). It is considered to be of interest because of its proximity to the Croinor Gold deposit and the Beacon mill. The 2017 drilling program for this sector was designed to follow up on promising results obtained at the end of 2016. It had two objectives: (1) to generate a better understanding of the geometry and size of the gold-bearing zones found in this sector and (2) to define targets allowing the known zones to be extended along strike and/or new zones to be discovered.

Holes CR-17-536 to CR-17-539 resulted in a higher drilling density in areas where information was lacking. The remaining holes drilled in the Gold Bug sector tested the extensions of the known mineralized zones along strike and at depth, including an area corresponding to a target generated by the Diagnos program. These holes returned particularly interesting results. Hole CR-17-540 intersected two gold zones, the first at a vertical depth of 81 metres, with intersections of 1.39 g/t Au over 3.9 metres, including 3.87 g/t over 1.0 metre, and the second at a vertical depth of 175 metres, with intersections of 1.38 g/t Au over 2.3 metres, including 3.36 g/t Au over 0.7 metres. Hole CR-17-545 also intersected two gold zones, the first at a vertical depth of 18 metres, with an intersection of 2.24 g/t Au over 3.1 metres, including 4.76 g/t Au over 1.3 metres, and the second at a vertical depth of 104 metres, with an intersection of 3.55 g/t Au over 0.8 metres. Table 2, in the appendix, provides a summary of the results for the Gold Bug sector.

The technical and scientific content of this press release has been reviewed and approved by Kenneth Williamson, P.Geo., the Corporation’s qualified person under National Instrument 43‑101.

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corp (TSX-V: MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns more than 240 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video) and Wasamac advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. 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 press release.

Table 1: Significant results for the Croinor Gold deposit

Hole

Type of drilling

From

To

Width

Grade Au

(m)

(m)

(m)

(g/t)

CR-17-525

Definition

169.8

172.6

2.8

2.25

including

170.8

171.8

1.0

5.65

CR-17-525

Definition

178.2

183.0

4.8

2.50

including

178.7

179.4

0.7

13.55

CR-17-555

Definition

250.0

251.0

1.0

2.35

CR-17-559

Definition

228.5

230.4

1.9

4.12

CR-17-562

Exploration

285.9

289.0

3.1

6.46

CR-17-562

Exploration

317.5

318.2

0.7

3.36

CR-17-563

Exploration

292.0

294.0

2.0

2.34

CR-17-565

Exploration

177.0

180.0

3.0

1.50

including

181.9

182.5

0.6

1.73

CR-17-565

Exploration

277.9

286.8

8.9

2.15

including

280.0

286.0

6.0

2.87

CR-17-565

Definition

308.7

311.0

2.3

2.17

CR-17-567

Definition

260.8

261.6

0.8

2.61

CR-17-567

Definition

284.8

286.8

2.0

5.54

CR-17-570

Definition

171.0

176.2

5.2

3.13

CR-17-570

Definition

216.0

220.0

4.0

2.60

CR-17-570

Definition

241.6

245.6

4.0

1.11

CR-17-571

Definition

279.1

281.2

2.1

2.02

CR-17-572

Definition

173.6

176.0

2.4

1.22

CR-17-572

Definition

207.8

208.2

0.4

11.05

CR-17-572

Definition

252.6

254.3

1.7

1.56

CR-17-573

Definition

151.4

152.6

1.2

7.29

CR-17-574

Definition

66.0

70.0

4.0

13.10

including

67.0

68.0

1.0

33.70

CR-17-574

Definition

127.4

129.0

1.6

1.74

CR-17-575

Exploration

66.5

67.1

0.6

2.67

CR-17-575

Exploration

263.5

268.4

4.9

2.26

including

267.5

268.4

0.9

7.93

CR-17-577

Definition

229.1

238.1

9.0

7.84

including

232.0

233.0

1.0

37.80

including

237.3

238.1

0.8

12.70

CR-17-577

Definition

250.2

253.0

2.8

1.51

including

251.0

252.0

1.0

3.80

CR-17-578

Definition

222.9

228.6

5.7

7.76

including

222.9

224.0

1.1

14.30

including

226.0

228.6

2.6

9.22

CR-17-579

Definition

166.0

173.0

7.0

4.04

including

168.0

171.0

3.0

6.71

CR-17-579

Definition

189.0

191.0

2.0

1.82

CR-17-579

Definition

206.0

214.0

8.0

1.03

including

211.0

212.0

1.0

5.12

CR-17-581

Definition

386.0

388.0

2.0

1.70

CR-17-581

Definition

396.9

405.0

8.1

1.08

including

396.9

398.0

1.1

5.61

 

  • The width is the length of the core. True width is estimated to be 40-60% of the core length for the exploration drilling and 80-90% for the definition drilling.
  • The significant results for holes CR-17-523 and 524, CR-17-543 and CR-17-547 were reported in press releases dated March 27, 2017 and August 31, 2017, respectively.
  • Holes CR-17-534, CR-17-551 and 552 and CR-17-576 did not return any significant results.
  • Holes CR-17-554, CR-17-556, CR-17-558, CR-17-561, CR-17-564, CR-17-569 and CR-17-580 were abandoned due to excessive deviation.

Table 2: Significant results for the Gold Bug sector

Hole

From

To

Width

Grade Au

(m)

(m)

(m)

(g/t)

CR-17-536

55.7

56.4

0.7

1.27

CR-17-536

130.0

132.3

2.3

0.81

including

131.7

132.3

0.6

1.24

CR-17-537

52.4

53.3

0.9

1.52

CR-17-539

113.2

114.2

1.0

1.45

CR-17-540

105.5

109.4

3.9

1.39

including

106.3

107.3

1.0

3.87

CR-17-540

230.5

232.8

2.3

1.38

including

231.2

231.9

0.7

3.36

CR-17-544

159.0

159.6

0.6

1.44

CR-17-545

21.3

24.4

3.1

2.24

including

22.3

23.6

1.3

4.76

CR-17-545

135.0

135.8

0.8

3.55

CR-17-546

25.7

32.0

6.3

0.74

including

25.7

26.9

1.2

1.66

including

30.0

31.5

1.5

1.09

CR-17-548

159.0

160.0

1.0

1.12

CR-17-560

53.0

54.0

1.0

2.37

CR-17-566

24.9

25.7

0.8

0.74

CR-17-566

150.3

158.0

7.7

0.49

including

150.3

151.0

0.7

1.23

including

156.0

158.0

2.0

1.33

CR-17-568

313.5

319.3

5.8

1.13

including

313.5

314.3

0.8

1.20

including

317.0

319.3

2.3

2.30

 

  • The width is the length of the core. True width is estimated to be 40-60% of the core length.
  • Significant results for holes CR-17-526 to 533 were reported in a press release dated April 4, 2017.
  • Holes CR-17-535, CR-17-538, CR-17-541 and 542, CR-17-549 and 550 and CR-17-553 did not return any significant results.
  • Hole CR-17-557 was abandoned due to excessive deviation.

 

AMERICAN CREEK REPORTS ON TREATY CREEK – COPPER BELLE HOLE CB-17-24 WHICH INTERSECTED 115.5 M OF 1.31 G/T GOLD INCLUDING 39 M OF 2.38 G/T GOLD $SEA $SA $SKE.ca $TUD.ca $PVG

Posted by Er at 9:01 AM on Thursday, December 14th, 2017

Hublogolarge2 copy

  • Final results for the 2017 exploration season from the GR2/HC zone of the Treaty Creek project.
  • HC extension of the GR2 zone was discovered during the 2017 exploration program and carries high-grade gold, silver and base metal mineralization
  • 115.5m of 1.31 G/T Gold Including 39m of 2.38 G/T Gold

 

American Creek Resources Ltd. has provided information on Tudor Gold’s final results for the 2017 exploration season from the GR2/HC zone of the Treaty Creek project. The Treaty Creek project is situated immediately north of Seabridge Gold’s KSM property and near Pretium’s Valley of the Kings mine, both of which are situated in British Columbia’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.

The HC extension of the GR2 zone was discovered during the 2017 exploration program and carries high-grade gold, silver and base metal mineralization. The HC drill program augmented the previous drill holes in the zone and consisted of 17 drill holes totalling 5,401 metres in 2017. The program was designed with a maximum of 50-metre stepouts in the mineralized zone to prepare for a preliminary resource estimate.

The GR2/HC zone appears to be a gold-rich volcanic-hosted massive sulphide deposit in which the feeder vein system and the stratabound lenses have been intersected. A later silver (lead-zinc-antimony-copper) vein system was also found reactivating some of the previous structures in the same area where the HC extension is located. These veins are late in the formation and are hosted in the volcaniclastic sequence or in the younger Jurassic Hazelton sequence, crosscutting (and reactivating) previous HC related feeder vein system and HC stratabound lenses. The RR Ag-base metal vein holes are collared 800 metres north of the HC zone, following the same structure.

Thirty-six drill holes have been drilled to date in the GR2/HC, covering an area approximately 400 m along strike and 450 m down dip at 50 m space increments that show consistent geology and which demonstrate the distribution and continuity of the feeder vein system, the stratabound zone and the late silver-base metal vein system. Historical surface sampling carried out by previous operators to both the north and south of the GR2/HC zone indicates that the main mineralized structure potentially extends 3,000 m along strike. The mineralized structure remains open to the north and south beyond the existing drill holes, and down dip.

Significant drill results are summarized in the attached tables (all distance measurements reported in metres).

    
                    HC ZONE                       

Hole         From      To   Interval* Au g/t  Ag g/t

HC-17-09    79.05   81.05          2   12.21        
including   79.05   79.95        0.9    10.5     8.3
including   79.95    80.6       0.65    11.7    15.2
including    80.6   81.05       0.45    16.4    68.5
and         81.05    81.6       0.55   0.399     8.6
and          81.6    82.4        0.8    1.71     5.2
HC-17-11   221.15     230        9.7    4.89        
including   222.7   224.5        1.8   10.27        
including   221.1  222.15       1.05    3.17      11
           222.15   222.7       0.55    0.24     3.7
            222.7   223.1        0.4    9.48     6.3
            223.1   223.5        0.4    9.14     7.2
            223.5     224        0.5    3.48     9.8
              224   224.5        0.5    18.6      11
            224.5     225        0.5    2.96     7.9
              225   225.5        0.5    1.12     6.3
            225.5  226.25       0.75    4.16    19.3
           226.25  227.15        0.9     8.9     9.4
           227.15  227.75        0.6    3.42     5.9
           227.75  229.15        1.4    2.23     6.9
           229.15     230       0.85     1.6     6.2
              230   230.8        0.8    7.27     9.3
            230.8   231.9        1.1   0.518     3.9
            231.9     233        1.1    2.93     8.9
              233   233.9        0.9    1.71     4.7
HC-17-13    306.7   316.1        9.4    4.25        
including   306.7  311.35       4.65    5.81        
including   306.7   307.5        0.8    4.84    12.9
            307.5   308.5          1    6.42    10.9
            308.5   309.5          1    1.34     9.6
            309.5   310.5          1    11.9    19.4
            310.5  311.35       0.85    4.08    10.9
           311.35  312.35          1    1.06    10.8
           312.35  312.95        0.6    1.55    12.3
           312.95  313.45        0.5     3.6       9
           313.45   313.8       0.35    4.58     5.2
            313.8  314.15       0.35   0.882     4.8
           314.15  314.75        0.6    7.65    20.8
           314.75   315.2       0.45    1.59     8.4
            315.2  315.45       0.25   0.184     5.1
           315.45   316.1       0.65    2.91     2.5
HC-17-15    290.7   291.4        0.7    7.86    21.1
and         298.6   300.1        1.5    4.03        
including   298.6   299.1        0.5       3        
            299.1   299.4        0.3    6.58        
            299.4   300.1        0.7    3.68        
HC-17-16    306.9   307.4        0.5    1.28        
and         307.4   308.3        0.9    6.77        
                                                    
                       HC FEEDER VEINS                          

Hole         From      To   Interval* Au g/t  Ag g/t    AuEq** (g/t)

HC-17-10    274.8   275.6        0.8    6.42   5.136               
and         275.6   276.3        0.7    4.05   2.835               
HC-17-11   181.35  182.75        1.4   10.44                  15.96
including  181.35  182.25        0.9    11.8    31.2               
and        182.25  182.75        0.5    7.99     433               
HC-17-17    94.95   95.85        0.9     5.7                       
and         380.6  381.75       1.15    8.17                       
                                                                   
                    HC AG (BASE METAL) VEINS                      

Hole         From      To   Interval* Au g/t   Ag g/t   AuEq** (g/t)

HC-17-08     38.2    38.5        0.3    10.7      151         12.62
and         91.55    91.8       0.25    14.5      530         21.25
and          98.2    98.6        0.4    5.18      6.2              
and         100.1   100.5        0.4   0.529     4730         60.81
HC-17-09     87.8    88.4        0.6    1.14     1190         16.31
and         143.4  146.25       2.85    1.01 1,118.35         15.26
including   143.4  144.05       0.65   0.552     1730         14.69
and        144.05  144.65        0.6   0.082       78          0.65
and        144.65  146.25        1.6    1.54     1260         28.16
HC-17-13      206     207          1    1.27    647.8          9.53
including     206   206.6        0.6     1.2      731         10.52
including   206.6     207        0.4    1.38      523          8.05
and           207  207.55       0.55   0.486     75.8              
and        207.55   208.2       0.65   0.381      247          3.53
and         208.2  208.95       0.75   0.182       79              
and        208.95   209.5       0.55    0.43      314          4.43
and        216.65  218.85       1.65     5.4   123.56          9.42
including  216.65   217.1       0.45    3.33      132          5.01
including   217.1   217.8        0.7    10.5      298         14.30
including   217.8   218.3        0.5   0.746      7.7          0.84
including   218.3  218.85       0.55    4.84     28.1          5.20
HC-17-16      100  100.95       0.95    1.39      157          3.39
and         205.1   205.5        0.4   0.785      425          6.20
and         221.3   221.5        0.2   0.042      300          3.87
and         275.3     276        0.7   0.492      105          1.83
and           276     277          1   0.498      176          2.74
HC-17-17    222.9  223.85       0.95    2.38      122          3.93
and        228.35     229       0.65   0.672     68.3          1.54
and           299   233.6        4.6    1.09   417.51          6.41
including     229  229.45       0.45    0.58      314          4.58
including  229.45   230.3       0.85    1.12      864         12.13
including   230.3  230.85       0.55   0.602      107          1.97
including  230.85   231.2       0.35   0.637      234          3.62
including   231.2  231.65       0.45   0.891     14.8          1.08
including  231.65   232.4       0.75    3.11        3          3.15
including   232.4   233.6        1.2   0.422      746          9.93
                                                                   
          RR AG-BASE METAL VEINS         

Hole      From   To Interval*  Ag g/t

RR-17-03  41.3   42      0.7      119  
and         48 48.8      0.8      544  
and         57 57.6      0.6      206  
and         62   63        1      166  
RR-17-04     6    7        1      399  
and          7    8        1      339  
                                       
* True thickness of all above mineralized 
  intervals still to be determined.


** AuEq calculated assuming Au $1,275 (U.S.)
   per ounce and Ag $16 (U.S.) per oz.

Note that only precious metals were reported on.
    

Darren Blaney, chief executive officer of American Creek, stated: “The discovery of the new HC extension is a very welcome bonus to this year’s Treaty Creek drill program. The GR2/HC system appears to have potential to be very extensive, which would add significant value to the adjoining Copper Belle bulk tonnage gold zone, which was the main focus of this year’s drill program. A large polymetallic zone with high-grade gold and silver would be a most welcome addition to the project.”

Two thousand seventeen drill results from the Copper Belle gold zone at Treaty Creek are still pending and will be reported on once received.

Background on the Treaty Creek project

Tudor conducted a major drill program (approximately 20,000 metres) on the Treaty Creek property this summer with the objective of defining a gold resource on the Copper Belle zone.

The Treaty Creek project is a joint venture between Tudor, Teuton Resources Corp. and American Creek. Tudor is the operator and holds a 60-per-cent interest with both American Creek and Teuton each holding respective 20-per-cent carried interests in the property (fully carried until a production notice is given).

Electrum project road completion

The corporation also reports that Tudor Gold recently completed construction of an access road extension on the Electrum project connecting the existing Granduc haul road to the New Blast/Shiny Cliff high-grade gold and silver zones which are the focus of a planned 10,000-ton bulk sample.

In Tudor’s recent news release, Walter Storm, president and chief executive officer, stated: “We are very pleased to have completed this access road, which will now allow us to proceed with a 10,000-ton bulk sample of this high-grade gold/silver mineralized zone, subject to receipt of permits. A bulk sample in combination with past drill results will further our geological understanding and unlock value of this high-grade mineralized system.”

Background on the Electrum property

The Electrum property is a 60:40 joint venture between Tudor Gold (as operator) and American Creek. It is located between the past-producing Silbak-Premier gold mine and British Columbia’s newest gold mine, Pretium’s Valley of the Kings — recently commissioned at a cost of $1-billion and hosting proven and probable reserves of 8.1 million ounces of gold (see Pretium’s website). Within this rich portion of B.C.’s Golden Triangle are several other past-producing mines as well as numerous new projects undergoing exploration.

About American Creek Resources Ltd.

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three Golden Triangle gold/silver properties: the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100-per-cent-owned past-producing Dunwell mine. Other properties held throughout B.C. include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side and Glitter King.

 

Marijuana Company of America $MCOA Launches New hempSMART(TM) Pain Product $MJNA $GRNH $LXRP

Posted by Er at 8:34 AM on Thursday, December 14th, 2017

 

 

  • Announces the launch of its new personal care product: hempSMART™ Pain.
  • HempSMART Pain Capsules are formulated with 10mg of Full Spectrum, non-psychoactive Cannabidiol (CBD)

 

Escondido, California — (December 14, 2017) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC: MCOA), an innovative hemp and cannabis company, through its wholly own subsidiary hempSMART™, Inc., announced the launch of its new personal care product: hempSMART™ Pain.

 

HempSMART Pain Capsules are formulated with 10mg of Full Spectrum, non-psychoactive Cannabidiol (CBD) per serving, derived from industrial hemp as the core ingredient, which along with a proprietary blend of other natural ingredients, delivers an all-natural formulation for the temporary relief of minor pain associated with physical activity.

 

Once again, “HempSMART demonstrated its commitment to formulating a safe and synergistic natural personal care product. The hempSMART Pain formula harnesses the natural power of premium CBD, CBG and active terpenes derived from industrial hemp, combined with complimentary botanicals. Our team is focused on the development of premium personal care products for our customers,” said Paula Vetter member of hempSMART’s product development team.

 

“Creating a successful, growing company in our marketplace of direct sales and network marketing depends on delivering products that people need and that make a difference in their lives. The newest addition to the product line, hempSMART Pain was designed and formulated with these goals as the focus. hempSMART Affiliates now have a unique, powerful message to share with potential consumers that could generate new sales for their personal hempSMART businesses, as well as stimulate growth for the company,” commented Tim Altvater, head of affiliate marketing.

 

The CEO of MCOA Donald Steinberg added, “HempSMART Pain adds to our expanding product line. Our formulations are created by the hempSMART product development team to provide our customers with all natural products that contain CBD and other cannabinoids.”

 

About Marijuana Company of America, Inc.
MCOA is a corporation engaged in business including, but not limited to: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

 

About Our hempSMART Products Containing CBD

The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA’s jurisdiction.

 

Forward Looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

 

For more information, please visit the Company’s websites at:

 

MarijuanaCompanyofAmerica.com

hempSMART.com

NewtworkNewsWire/MCOA

$GR.ca Great Atlantic Grab Samples Return up to 40.8% Zinc, 8.3% Copper, 148 G/T Silver and 2.2 G/T Gold

Posted by Er at 8:26 AM on Thursday, December 14th, 2017

  • Sampling returned channel & grab samples from the Bull Road Trench
  • 15.40% Zn, 6.60% Pb, 4.66% Cu, 111.5 g/t Ag and 1.008 g/t Au over 1.05 m
  • Grab samples of trench bedrock returned up to 40.8% Zn, 5.50% Pb, 8.38% Cu, 148.1 g/t Ag and 2.275 g/t Au

 

GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analytical results for a second batch of rock samples collected during a recent trenching program at its Pilley’s Island Base Metal – Precious Metal Property, located in north-central Newfoundland. The exploration program was jointly operated with option partner Unity Resources. The samples included channel and grab samples from a recently excavated trench referred to as the Bull Road Trench. Results for channel samples included 15.40% Zn, 6.60% Pb, 4.66% Cu, 111.5 g/t Ag and 1.008 g/t Au over 1.05 meters and 17.30% Zn, 0.10% Pb, 2.97% Cu, 31.2 g/t Ag and 0.449 g/t Au over 0.70 meters. Grab samples of trench bedrock returned up to 40.8% Zn, 5.50% Pb, 8.38% Cu, 148.1 g/t Ag and 2.275 g/t Au. The property hosts an historic copper mine along with zinc, lead, copper (+ / – gold, silver) occurrences.

 

The second batch of trench rock samples were collected at the recently excavated Bull Road Trench, located at the Bull Road Showing. Reported historic trench samples at Bull Road include 12.42% Zn, 3.87% Cu, 0.95% Pb and 0.71 oz./ton Ag over 4.6m. One historic drill hole at this showing was reported to intersect 22.2% Zn, 4.4% Pb, 0.1% Cu and 0.96 oz. / ton Ag over 0.65m core length within an intersection of 7.85m grading 3.41% Zn, 0.66% Cu, 0.51% Pb, and 0.34 oz./ton Ag. The recent trenching program included re-opening and re-evaluating the historic Bull Road Showing.

 

Recent trenching along the trace of the Bull Road Showing exposed mineralization over a northwest-southeast length of 130m with a width varying between 1-7m. The Bull Road Showing is a polylithic slump breccia of volcanogenic massive sulphide mineralization containing massive sulphide clasts up to greater than a metre in length. Five initial rock grab samples included two samples of massive sulfide clasts returning 27.50% Zn, 20.00% Pb, 5.78% Cu and 63.4 g/t Ag; and 16.40% Zn, 6.50% Pb, 2.02% Cu and 41.7 g/t Au, while a sample of another sulfide clast returned 8.36% Cu (News Release of November 16, 2017).

 

The second batch of rock samples from the Bull Road Trench consisted of eight channel samples and seven grab samples, all from clasts of semi-massive sulfide to massive sulfide, including some with pyrite dominant (containing lesser base metal sulfides). The samples were analyzed at Eastern Analytical in Springdale, Newfoundland.

The channel samples were collected in the southeast region of the trench within an approximate 22 meter section of the trench. The channels samples were collected across selected clasts at generally right angles to the long dimension of the clasts. Samples 1256004 and 1256005 were from one continuous 2 meter long channel. Samples 1256007 and 1256008 were also from one continuous 2 meter long channel. The objective was to obtain preliminary data on metal content of clasts. The limited grab sampling extended into the northwest region of the trench, with grab samples collected locally within an approximate 100 meter long section of the trench.

 

 

 

Bull Road Trench

 

Massive sulfide mineralization at Bull Road Trench.

 

Massive sulfide mineralization at Bull Road Trench

 

Massive sulfide mineralization at Bull Road Trench

Great Atlantic is planning a diamond drilling program for 2018 at the Bull Road showing. Additional channel sampling is planned for 2018 at the Bull Road Trench.

 

The Pilley’s Island Property hosts an historic mine with reported historic estimated reserves of 1.159 million tonnes grading 1.23% Cu or 627,373 tons at 2.34% Cu and 0.01 oz. / ton Au. The Property also hosts other base metal – precious metals occurrences including the Bull Road showing and Fragmental Zone.

 

The Pilley’s Island Property consists of 7 adjoining licences covering a total are of 875 hectares. Access to and infrastructure at the property is excellent. The property is serviced with power mains and government maintained roads and is within 2 km of tide water. The property is located within a mining friendly district.

 

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

 

David Martin, P.Geo., a Qualified Persons as defined by NI 43-101, is responsible for the technical information contained in this News Release.

 

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

$PYR.ca PyroGenesis Announces Receipt of New Military Contract for Can$325,000 Bringing Total Orders Received to Over Can$1.8 Million $HPQ.ca $DDD $SSYS $PRLB

Posted by Er at 9:08 AM on Wednesday, December 13th, 2017

  • Additional Contracts of $280,000 expected before year end
  • Approximately Can$1.3MM of receivables is in current backlog.

MONTREAL, Dec. 13, 2017 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR) (OTCQB:PYRNF), a high-tech corporation (the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that it has received a military contract for US$255,000 (Can$325,000).

The Corporation had previously announced in a press release dated July 17, 2017, that it had received payments totaling US$925,122 (Can$1.2MM) under a separate military contract worth US$978,312 (Can$1.25MM).  This contract is now complete, and all payments have been received.  Since then, the Corporation has received a number of small contracts, relating to its current military business lines, with a total value exceeding US$1.2MM (Can$1.8MM), including the contract announced today. Approximately Can$1.3MM of this amount is in current backlog. The Corporation expects to receive an additional US$218,000 (Can$280,000) of similar contracts before year end. These contracts are expected to be completed by Q1-2018.

“Our traditional business lines, other than non-additive manufacturing, continue to contribute significantly to the bottom line as can be seen from today’s announcement,” said P. Peter Pascali, President and CEO of PyroGenesis. “PyroGenesis is entering 2018 with the expectation that the Corporation’s non-additive manufacturing business lines will generate enough revenues, on their own in 2018, to make PyroGenesis profitable overall. In fact, we expect to achieve these results from DROSRITE™ sales alone, and that is before any contributions from additional military sales, such as a third plasma based waste destruction system for a US Aircraft Carrier which is expected in 2018. All in all, 2017 has proven to be the pivotal year we expected it to be, and 2018 is shaping up to be even better.”

About PyroGenesis Canada Inc.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides technical and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and technical services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

For further information: Rodayna Kafal, VP, Investor Relations and Communications, Phone: (514) 937-0002, E-mail: ir@pyrogenesis.com or rkafal@pyrogenesis.com

Primary Logo

$NSM.ca Arizona Soil Geochemical Sampling Program Returns Elevated Copper-Molybdenum Values

Posted by Er at 1:14 PM on Tuesday, December 12th, 2017

 

    • Black Diamond Property borders Freeport McMoRan’s open pit operations.
    • Intensive Geochemical Survey recovered systematic soil samples on a 50-metre spaced grid
    • Significant anomalous Copper, Zinc and Silver values approach grades at which some deposits are mined
    • Elevated Copper in association with elevated Molybdenum levels, two metals found in association with porphyry copper environments.

Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“Northern Sphere” or the “Company”) ‎is pleased to provide an update on its Geochemical Survey being conducted on its Black Diamond Property which borders the Porphyry Copper Mining District in Miami, Arizona.

To view an enhanced version of Figure 1, please visit:
http://orders.newsfilecorp.com/files/2104/31228_a1513098701212_15.jpg

 

Figure 1: Miami-Globe, Arizona — NSM’s Black Diamond Claims

Northern Sphere has undertaken an intensive Geochemical Survey over its 3,800-acre Black Diamond Property, located 12 km (8 miles) north-east of Freeport McMoRan’s Open Pit Copper Operations. The Geochemical Survey recovered systematic soil samples on a 50-metre spaced grid. Each sample was submitted to ALS Laboratories for a 51 Element Aqua-Regia digestion and ICP-MS finish.

The survey currently comprises of more than 600 samples from three prospective areas encompassing approximately 370 acres: (i) the Richmond Basin and site of historic underground silver mines, (ii) Buckeye South and (iii) Black Copper where previous outcrop sampling (outcrop samples were grab samples selectively taken within the mineralized structure and therefore are not representative of the entire mineralization) yielded copper values up to 7% (see Trueclaim Exploration Inc. press release of September 29, 2011).

Initial results from the first 250 geochemical samples taken in the Richmond Basin area delineated areas of anomalous (as defined by the values of the sample population greater than the 90th percentile) copper with some significantly anomalous results (exceeding the 98th percentile) as 1,040 parts per million (ppm), 522 ppm, and 340 ppm. Areas defined by anomalous silver were also noted with values reported as high as 344 grams per tonne (g/t) (see the Company’s prior press release of November 11, 2017).

Significantly anomalous copper, zinc and silver values approaching grades at which some deposits are mined is very encouraging. Previous exploration undertaken on the property limits the Company’s ability to gauge the background values for potential economic minerals and their relative proximity to the source bedrock.

Interpreting anomalous trends will be aided by exploration techniques and services which combine Hyper-Spectral Imaging, Geophysical Survey re-inversion, Digital Geologic Modelling, Artificial Intelligence which utilizes machine learning and mineral related algorithms to optimize mineral targeting.

A second soil survey area consisting of 224 samples collected from the Buckeye South area returned exceptional results defining areas with both anomalous copper (values greater than 123 ppm) and zinc (with value highs of 7,660 ppm, 4,820 ppm, and 4,770 ppm). Figure 2 depicts some of these anomalous trends.

To view an enhanced version of Figure 2, please visit:
http://orders.newsfilecorp.com/files/2104/31228_a1513098701384_23.jpg

 

Figure 2: NSM Black Diamond Soil Geochemical Survey

More recent geochemical soil sampling from the Black Copper area yielded excellent results. Forty-six percent of the 135 samples collected at this location have copper results that exceed 100 ppm (or 100 g/t). Notable copper values that were strongly anomalous (greater than 97th percentile) analyzed from this location resulted in 634 ppm, 503 ppm and 496 ppm.

Manganese levels indicated from the soil survey were anomalous with all sample results exceeding 100 ppm. Soils samples collected from the Black Copper area all had manganese levels exceeding 200 ppm (72 soil samples were in excess of 1,000 ppm or 0.1%). Manganese, which is often found in association with other notable metals such as lead, silver, zinc, copper and vanadium has been mined in the Globe-Miami, Arizona area. Although considered a “strategic mineral” in the United States, Manganese is predominantly sourced outside the United States, primarily from China and South Africa.

With ongoing Geochemical Survey activities, the Company anticipates that it will continue to identify significant metal anomalies on the property. Steve Gray, Vice President of Northern Sphere, states, “One of the more encouraging geochemical trends is the correlation between results indicating significantly elevated copper in association with elevated molybdenum levels, two metals found in association with porphyry copper environments.”

In support of a potential porphyry environment, O.M. Bishop mapped andesite porphyry in the Richmond Basin, while researching for his Master’s thesis, ‘Geology and Ore Deposits Richmond Basin, Gila County’.

Mr. Gray adds, “The Geochemical Survey covers only 10% of the Black Diamond Property and already we have encountered various significant anomalous metals. The property is located up gradient from Freeport McMoRan’s porphyry copper mines ensuring soil geochemistry results are local to Northern Sphere’s mineral claims.”

Quality Control

Northern Sphere’s quality control and assurance program includes the use of an independent certified lab, ALS Laboratories (“ALS”) of Tucson, Arizona. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures. The ALS quality program includes quality control steps through sample preparation and analysis, inter-laboratory test programs, and regular internal audits. It is an integral part of day-to-day activities, involves all levels of ALS staff and is monitored at top management levels.

Qualified Persons

Steve Gray, P.Geo., Vice President of Northern Sphere, has reviewed, prepared and approved the scientific and technical information in this press release and is Northern Sphere’s “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Northern Sphere Mining Corp.

Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. The Company intends on generating robust mining projects through the use of cutting-edge exploration technologies to assist with more precise mineral targeting on its assets. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:

A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

$NAM.ca New Age Metals Signs Letter of Intent to Option Five Lithium Projects in Southeast Manitoba to Azincourt Energy $WG $XTM.ca $WM.ca

Posted by AGORACOM-JC at 9:10 AM on Tuesday, December 12th, 2017

New age large

  • Signed a non-binding Letter of Intent (“LOI”) with Azincourt Energy Corp  (TSX-V: AAZ)
  • Azincourt to acquire up to a 60% interest with the potential to 100%, in Lithium Canada Development (LCD)

New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) with Azincourt Energy Corp (“Azincourt”) (TSX-V: AAZ). The LOI allows for Azincourt (NR – Dec 11th, 2017) to acquire up to a 60% interest with the potential to 100%, in Lithium Canada Development (LCD) and/or its equal interest in the individual projects. New Age Metals retains the option of entering into a joint-venture agreement with Azincourt for the remaining 40%.

“We are pleased to partner with Azincourt Energy on our Lithium properties. This agreement accomplishes another milestone in 2017 for New Age Metals, which was to find a joint-venture partner for our Lithium Division. When completed, this option joint venture allows management to focus on the continued development of our 100% owned River Valley Project, which is Canada’s largest undeveloped primary PGM Deposit” Harry Barr, Chairman/CEO.

Terms of the LOI/Agreement

Under the terms of the LOI, Azincourt has paid NAM $10,000 and further agrees to pay $200,000 to New Age Metals (NAM) in exchange for a 60% ownership stake of NAMs 100% owned subsidiary Lithium Canada Developments (LCD). This payment of $200,000 will be made by Azincourt in four equal payments over the next 18 months. In addition to this cash payment Azincourt will issue up to 1,000,000 shares to NAM, staged in four equal installments, by the third anniversary of the signing of the definitive agreement. Azincourt has further committed to work expenditures totaling $2.85 million over 3 years, broken down as follows: $500,000 year one, $600,000 year two, $1million year three plus an additional $750,000 to reach the 60% threshold.Upon completion of all stock, property expenditures and cash payments AAZ will also issue a 2% net smelter royalty on all five of the projects to NAM.

Under terms of the non-binding LOI the Company must complete its due diligence and enter into a definitive agreement no later than January 15, 2018.

To earn 100%, Azincourt must meet additional requirements. Within 90 days of Azincourt earning its 60% in LCD or the projects, NAM has to the option to enter into a joint venture on a 60% AAZ/40% NAM basis using a standard Canadian Junior Mining joint venture agreement.

In the event NAM does not elect to enter into the above-mentioned option, then Azincourt must issue an additional 1,000,000 shares to NAM within 15 days of NAM electing not to participate in the Joint Venture. Azincourt must also expend an additional $1 million dollars by Oct 30, 2022 (for a total of $3.85 million), on any of the projects it elects to so long as all projects are in good standing. In the event the Company does not make the $1 million expenditure AAZ percentage will remain at 60%.

All securities issued in connection with the property option will be subject to a four-month-and one-day statutory hold period. The property option remains subject to a number of conditions, including negotiation of definitive agreements, approval of the TSX Venture Exchange, and such other conditions as are customary in transactions of this nature.

The agreement covers the Lithium One, Lithium Two, Lithman West, Lithman East and Lithman North projects. The land package included in this agreement represents the largest mineral claim holding for Lithium Projects in the Winnipeg River Pegmatite Field with over 6000 hectares of ground. This represents approximately 64 square kilometres of mineral claim coverage.


Click Image To View Full Size

Figure 1: Projects Location Map

The Winnipeg River Pegmatite Field is host to numerous Lithium-rich Pegmatites in addition to the world-class Tanco Pegmatite, a highly fractionated lithium-cesium-tantalum (LCT) type pegmatite that has been mined at the Tanco Mine as an underground operation since 1969 for Tantalum, Spodumene (a lithium mineral) and cesium (Cs).

Three of the five projects are drill ready:

Lithium Two Project

-Field work in 2016 confirmed that the Eagle and FD5 Pegmatites contained spodumene at surface

-Highest grade surface samples from the Eagle Pegmatite returned 3.04% Li2O and 2.08% Li2O from the FD5

-The Eagle Pegmatite is ~1100 meters in length and up to 12 meters wide

-Historic drilling from 1947 defined 545,000 tonnes of 1.4% Li2O, drilled to a depth of 60 meters (non-compliant 43-101)

-Pegmatite is open to depth

-Adjacent to Quantum Minerals Corp (TSX.V: QMC) Cat Lake Lithium Project (aka Irgon Lithium Mine)

-Several drill ready targets

Lithium One Project

-Field work in 2016 sampled several historical Pegmatites

-Highest grade surface assay results were 4.33% Li2O and 0.04% Ta2O5 from the Silverleaf Pegmatite

-Several of the other Pegmatites in the project area yielded Lithium values from Lepidolite and Spodumene

-Approximately 40 Pegmatites are estimated to exist north of Greer Lake with around 100 to the south of the lake

-The Silverleaf Pegmatite was excavated for Spodumene in the 1920’s, with surface exposure of 80 m X 45 m

-Several drill ready targets

Lithman West Project

-Historical rock and soil geochemical anomalies

-Anomalies have not been drill tested

-Drill ready

The Lithman West and East projects are adjacent to the Tanco Mine Mineral Leases.

The additional projects contained in this agreement, Lithman East (adjacent to Tanco) and Lithman North, represent prospective exploration areas that require additional ground work to determine drill targets.

About Azincourt Energy Corp

Azincourt Energy Corp. is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, focusing on uranium, lithium, cobalt, and other critical energy & fuel elements.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4 kilometres to the project’s mineralized strike length to the southern portion of the intrusion.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is one of the largest mineral claim holders of Lithium Projects in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li division.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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.

 

Namaste $N.ca Announces Signing of Consulting Agreement With O Cannabis We Stand On Guard For Thee Corporation $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by Er at 8:20 AM on Tuesday, December 12th, 2017
  • O Cannabis will provide patient consultation services to Namaste’s wholly owned subsidiary, NamasteMD Inc
  • O Cannabis will also be offering a select range of Namaste’s vaporizer hardware in their online platform.

VANCOUVER, British Columbia, Dec. 12, 2017 (GLOBE NEWSWIRE) — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(OTCQB:NXTTF)(FRANKFURT:M5BQ) is pleased to announce that further to its December 5, 2017 announcement: NAMASTE ANNOUNCES NON-BINDING LETTER OF INTENT WITH O CANNABIS CLINIC FOR MANAGEMENT SERVICES, the Company has signed a Services Agreement (the “Agreement”) with O Cannabis We Stand On Guard For Thee Corporation (“O Cannabis”), whereby O Cannabis will provide patient consultation services to Namaste’s wholly owned subsidiary, NamasteMD Inc. (“NamasteMD”). Pursuant to the Agreement, O Cannabis will provide management services to NamasteMD that will include patient consultations, education, strain recommendations and medical document issuance to qualified patients under the guidance of nurse practitioners. In addition to these services, O Cannabis will also be offering a select range of Namaste’s vaporizer hardware in their online platform.

Terms of the Agreement
Under the terms of the Agreement, O Cannabis’ management team will be responsible for the general operation of NamasteMD’s platform and will provide the following services:

  • Patient Qualification
  • Patient Onboarding
  • Education
  • Recommendations (strains and dosages)
  • Follow-up Care
  • Medical Documents
  • Self-titration Training
  • Maintaining 75% patient retention rates

In return for these services, Namaste will pay O Cannabis as follows:

  • CAD $60 for each patient approval, being a patient consultation resulting in the issuance of a prescription for medical cannabis
  • 50% of the net profit for “platinum” packages, as outlined in the Agreement
  • 5% of the gross revenue collected for patients where medical cannabis is sourced from local licensed producers
  • 10% of the gross revenue collected for patients where medical cannabis is sourced from international licensed producers
  • 15% of the gross revenue collected through the sale of Namaste’s vaporizers and cannabis ancillary products, which O Cannabis will add to its website
  • The issuance of 15,000 common share stock options to the O Cannabis management team

Execution of this Agreement represents a major milestone in the expansion of the NamasteMD platform into medical cannabis sales using the Company’s innovative telemedicine application, and will provide an incredibly efficient platform for patient consultations and medical documentation issuance. NamasteMD customers will have the ability to connect to Namaste’s e-commerce platform through Namaste’s wholly owned subsidiary, Cannmart Inc. (“CannMart”), which will provide patients with an online marketplace for medical cannabis products, including strains sourced from both domestic and international licensed producers. CannMart is a late stage applicant for a “Sales Only License” under the Canadian Access to Cannabis for Medical Purposes Regulations (“ACMPR”) program. Namaste’s goal is to become Canada’s leading medical cannabis online retailer by leveraging its existing consumer base, along with utilizing its advanced expertise in e-commerce. In doing so, Namaste believes it can successfully convert and on-board patients at an accelerated growth rate and offer the best quality of care for its patients. Namaste believes that with its aggressive growth strategy and the implementation of NamasteMD, it will be able to accumulate a minimum of 18,200 patients within the first calendar year of operations. This figure is based on Namaste’s current site traffic of 1,000 unique visitors per day with a 5% conversion rate, which would generate 350 patients per week. Namaste expects each patient acquisition to cost on average $60.00 per patient, based on the terms of the Agreement, which is currently lower than any industry standard for medical patients.

About O Cannabis
O Cannabis offers affordable medical cannabis telemedicine appointments to patients across Canada, allowing timely access to quality medicine in remote and under-serviced regions; from Yukon to Newfoundland and everywhere in between. O Cannabis has built a name for themselves by offering unparalleled patient education and industry leading follow up care. O Cannabis patients report their appreciation for the easy and fun telemedicine experience, O Cannabis’ streamlined approach to medical document issuance and the exceptional care patients receive at each step of their medical cannabis journey.

About NamasteMD
NamasteMD is an innovative application that connects patients with medical practitioners through a secure video conference call and incorporates industry-leading facial recognition technology, including instant age and identity verification using data feeds linked to federal databases.  The O Cannabis management team is a highly trained group of medical professionals that offer industry leading care for their patients. Through the NamasteMD platform, patients will be offered a variety of packages that will include both free and paid options. Once a patient receives a medical document, they will have access to purchase directly from CannMart’s medical cannabis marketplace, once CannMart receives its “Sales Only License”. The Company expects the full launch of NamasteMD, including the app for both Apple and Android platforms, to be in operation and accepting patients as soon as December 15, 2017.

Management Commentary
Morgan Toombs, President and CEO of O Cannabis comments: “We are delighted that Namaste has recognized O Cannabis’ expertise within the medical cannabis industry.  Our forte is offering unparalleled education and follow-up care to medical cannabis patients so they can safely navigate the confusing landscape. Our team is honoured to be able to help Namaste’s patient demographic and bring much needed access to qualified Canadians so they can benefit from medical cannabis as a treatment option. We look forward to providing our exceptional care to Namaste’s patients throughout the course of their medical cannabis journey.”

Sean Dollinger, President and CEO of Namaste comments: “We are very proud to be working with such a professional group of people. O Cannabis’ team is dedicated to offering the best possible service and support for patients. This Agreement represents a major milestone for Namaste in launching what we believe to be the most innovative platform for patient acquisitions that the Canadian medical cannabis market has seen. We are looking forward to working with O Cannabis in revolutionizing the way patients connect with doctors and nurse practitioners and will look to create the fastest growing database of patients in the country. Thanks to O Cannabis and their team as well as Namaste’s management team in bringing this opportunity to life. We are very excited about the future!”

About Namaste Technologies Inc.
Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through e-commerce sites in 26 countries and with 5 distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, US, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis distribution license (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: info@namastevapes.com

Further information on the Company and its products can be accessed through the links below:
www.namastetechnologies.com
www.namastevaporizers.com
www.namastevaporizers.co.uk
www.everyonedoesit.com
www.everyonedoesit.co.uk