Agoracom Blog Home

Archive for the ‘All Recent Posts’ Category

THE NEW TIMMINS GOLD BOOM? $EXS.ca

Posted by AGORACOM-JC at 12:18 PM on Tuesday, April 11th, 2017

Exs logo

  • GOLDCORP IS SPENDING BILLIONS
  • NEW MILL AT 50,000 TONNES PER DAY IN AS LITTLE AS 2-3 YEARS
  • SOURCES REPORT GOLDCORP QUIETLY ACQUIRING CLAIMS IN THE REGION

Restaurants are busy, with lineups out the door.  Hotels are fully booked, and rental properties are scarce. We would expect that in New York City or Hong Kong, but this is Timmins,a small city 435 miles north of Toronto, with an official population of 41,788.WHY is this small mining town buzzing with activity? Are these tourists? Scanning the restaurant patrons and hotel guests, I’m not seeing travel brochures, binoculars, or fishing rods.

After reading the latest couple of postings on Agoracom’s  Explor Resources Discussion Forum, I was intrigued by some of the commentary offered by one of our regular contributors. Apparently, the influx of new faces is coming from a growing number of engineering firms & contractors, that are flooding into Timmins in response to the proposed construction of a huge, new mill by Goldcorp. That has incredible potential ramifications for junior resource companies in the area, most notably, in our opinion, for Explor Resources, (EXS-TSX.V; EXSFF-OTCQB; E1H1-FRFT/BE), one of our featured Junior Gold & Base Metals exploration companies.

GOLDCORP IS SPENDING BILLIONS

Sources tell us that Goldcorp has spent over $50 Million to date on a study to expand their existing Dome Open Pit and build a 50,000 tonne per day Gold mill. I’m also hearing they intend to spend some $2Billion to develop and produce their Gold assets in Timmins. That’s huge news.However, never willing to buy into thegrand,& often exaggerated stories from miners and drillers, we decided to do our own research and found significant corroborating evidence backing up the rumours.

Specifically, Goldcorp Porcupine Gold Mines Mine Manager, Marc Lauzier, made the following statement in December, 2016, in an article that exposed the possible re-opening of the Dome Open Pit mine in Timmins Porcupine:

What weve basically done is stitched together all the (geologic) models from the underground and the surface and re-ran a new pit shell.  What that determined, when we ran a new pit shell, was that we had the potential for a deeper open pit (Gold mine) than the initial open pit that was there.

NEW MILL AT 50,000 TONNES PER DAY IN AS LITTLE AS 2-3 YEARS

Further, Goldcorp President, David Garofalo, made an even bolder statement during the company’s Q3 presentation when he stated:

“I view it as the cornerstone of (Timmins) Porcupine moving forward, he explained. “We’re envisioning a new mill, much higher throughput, probably three or four times the throughput we have now at our existing mill, which is about 11 or 12 thousand tonnes a day.

Another reliable source told us that “sterilization drilling” is currently taking place to ensure no economic Gold ore is under the proposed new structure.  “It’s not cheap. A few million dollars easy”. A structure of this size would have an enormous foot print and you don’t want it sitting on top of the very Gold it’s supposed to process.

Moreover, one of our sources claims,“Goldcorp have all the permits in place, with the exception of the construction permit, which is the easiest one to get. As such, the new mill could be up and running within 2-3 years if they started today.

What will happen to the old mill Garofalo mentioned above? Sources tell us the old mill IS sitting on top of a Gold ore body, “which means it has to go.  If it has to go, it has to be replaced before it goes.  This statement was supported by an article that stated:

“With the opportunity to extend the Dome Open Pit (Gold mine), new infrastructure would be required as the current mill, processing plant and administration building sit on top of what is envisioned to be the extended open pit.

Summing up, the rumours of a $2Billion, 50,000 ton a day mill development plan appear to have a basis in fact, bearing in mind the Garofalo & Lauzier comments, and all the new faces in Timmins.Goldcorp’s CEO Garofalo isn’t just “envisioning” a new mill, it appears to be underway.

SOURCES REPORT GOLDCORP QUIETLY ACQUIRING CLAIMS IN THE REGION

Its common knowledge that Goldcorp’s Regional Gold mining operations are insufficient to support a 50,000 ton a day mill. So where is the mill feed going to come from? “Therefore, we will have to acquire more projects. Apparently,Goldcorp has been quietly picking up privately held Gold claims in the region. Further, our sources are telling us Goldcorp has been acquiring ground around the open pit, just to provide them with additional breathing room needed to accommodate the development.

WHICH SMALL CAP COMPANY STANDS TO BENEFIT THE MOST?

With all of this Goldcorp action taking place in Timmins, there are a number of small Gold exploration companies that could stand to benefit. Having researched a number of these, the one Ifeel will benefit the most is Explor Resources. (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1)

Yes, they are a sponsor of AGORACOM, so assume we are horribly conflicted.  Here are the facts for you to consider:

  • Explor’s flagship project is the Timmins Porcupine West (TPW) Gold deposit,
  • It is located less than 7miles SE of the new Goldcorp mill.
  • The established strike length of Explor’s Gold deposit to date is 2,000meters (1.25miles), ‘open’ at both ends, and ‘open’ at depth.
  • The ‘Discovery Hole’ 10-30 assayed9.22gr per tonne over 11.0 meters.
  • The property hosts the largest ‘porphyry’ ever found in the Timmins Mining Camp, or the entire legendary Abitibi Greenstone Belt, home of The Dome, McIntyre, & Hollinger Mines, to name just a few.
  • According to Chris Dupont, President & CEO of Explor, only about 30% of the porphyry has actually been explored, so it has the potential to be one of the largest Gold deposits ever found in Canada.
  • Estimates suggest Explor’s TPW porphyry is easily 7-10 times larger than Goldcorp’s own Hollinger pit, which hosted and produced 19,327,691ounces of Gold by the time it shut down.In a recent article on MetalsNews.com Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, a well-knownMining expert,stated“The Timmins Porcupine West (TPW) GOLD deposit model your team created, appears to suggest a potential of 25-30 Million ounces of GOLD in the ground”.

Given Goldcorp’s massive undertaking in Timmins, it stands to reason the TPW Gold Resource has become a very valuable target. Clearly,Goldcorp does not have enough ore to feed a 50,000 ton a day mill, and, logically, they will have to try to consolidate players or projects in the area, including Explor Resources to fulfill their needs.To this end, one of our sources stated,“You don’t build it for just 5 million ounces – but if you add everybody else’sexisting resource, you can easily get to 20 million ounces and more”.

                                                            US$250MILLION MORE REASONS

Explor has 250 Million more reasons to be attractive to Goldcorp.

The TPW Net Smelter Return Royalty (NSR) of 3%, originally negotiated in a deal with Dome Mines …. but now owned by Goldcorp! Under the Royalty Agreement, Explor Resources has the right to buy back 1% of the 3% for just $1million,leaving a lot of money on the table for Goldcorp. For example, if the TPW ended up containing 20 million ounces, the 1% royalty could actually be worth $US250million. (i.e. 20Million ounces x 1% = 200,000 @ US$1,250ounce).

Clearly, Goldcorp.has 250 Million reasons to take a serious look at Explor’ TPW.

With Goldcorp clearly on the move in Timmins and Explor Resources holding both a resource and an NSR of great potential value to Goldcorp, value that is far beyond the current market capitalization of Explor, you have all the reasons necessary to take a serious look at Explor Resources as well.

Canadian based funds holds significant positionsin Explor Resources and we are also told major European investment fundsalso holds meaningful positions.

Explor Resources Inc. TSX.V:EXS, OTCQB:EXSFF, FRANKFURT/BERLIN:E1H1

http://www.explorresources.com/

http://agoracom.com/ir/Explor

http://agoracom.com/ir/Explor/profile

Skype Interview With Explor Resources President, Chris Dupont, March 13, 2017

AGORA Internet Relations Corp. holds shares of Explor Resources. We receive either monetary or securities compensation for our services. We stand to benefit from any share appreciation this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of AGORA Internet Relations and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.

FORUM: Explor Resources (TSXV:EXS) looking to attract growing numbers of investors in the Chinese mainland markets, as well as domestic Chinese investors $EXS.ca

Posted by AGORACOM-JC at 10:12 AM on Tuesday, April 11th, 2017

Exs logo

A variety of steps are being taken to appeal to the huge, & growing numbers of investors in the Chinese mainland markets, as well as domestic Chinese investors

Rouyn-Noranda, Canada – Some of you may have noticed a little red flag in the corner of the Company’s website. When you click on that, you will see sections of the website in Chinese. Obviously, a variety of steps are being taken to appeal to the huge, & growing numbers of investors in the Chinese mainland markets, as well as domestic Chinese investors. Apparently, regulation has made both physical GOLD, & Bitcoin less attractive investments to the mainland investment community. I believe Dupont is working with an Australian based firm, making decisions about regional advertising to offer an incentive to those prospective investors to take a serious look at EXS/EXSFF/E1H1.

When I last spoke to Chris, he seemed very optimistic about the evolving plan to reach this vast new audience. Adding to the new video contributions to the website, an audio interview was completed over the weekend, and has been disseminated worldwide. You can listen to that at the following link:

http://www.abnnewswire.net/press/en/87833/exs

At, or around the beginning of every month, I’m led to believe an updated video interview will be available to investors, offering updates on the Company’s variety of projects moving forward.

Its intended these will be disseminated on a worldwide basis as well, through syndications like Reuters, Bloomberg, & Google+, to name but a few. The Toronto based www.agoracom.com Investment Website is releasing a full feature story on the massive new Goldcorp mill, and their perceptions of the impact on Explor.

Specifically, they are highlighting the Timmins Porcupine West GOLD deposit, and its obvious importance as a source of GOLD ore to Goldcorp’s 50,000 ton per day mill development. As I pointed out last week, Goldcorp does not have enough local resources to accommodate their new monster facility.

Mainstream media, Investment websites, & Precious Metals newsletters recently seem to be in agreement that GOLD will see higher prices in the near term, reacting to evolving events on the world stage. Some expert commentary even suggests price detachment from the USD, as a hedge against a major retracement, or correction, in many of the major markets.

Having said all that, and trying not to be redundant, the lab has given the Company yet another promise to provide assay results from drilling north of the Glencore Kidd Mine. I’m hoping they keep this one, but I’m not holding my breath. Focused paperwork continues regarding proposed drill plans at the PG-101, the Montrose property, Duparquet (East Bay), as well as completion of the recent financing.

NOTE: This forum commentary was published from a third party source. It has not been verified by the company.
About Explor Resources Inc.:

Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, 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 Quebec with approximately 33% in Ontario and 67% in Quebec. 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 Quebec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. (NYSE:TECK) is currently conducting an exploration program as part of an earn-in on the TPW property.

Source:

Explor Resources Inc.

Contact:

Explor Resources Inc.
Chris Dupont, Managing Director
T: +1-819-797-4630
F: +1-819-797-1870
E: info@explorresources.com
WWW: www.explorresources.com

The eSports competitive video gaming market continues to attract investors while growing revenues $GMBL.us

Posted by AGORACOM-JC at 4:40 PM on Monday, April 10th, 2017
  • Approximately 300 million people worldwide tune in to eSports today, and that number is growing rapidly
  • By 2020, that number will be closer to 500 million

What is eSports? History & Rise of Video Game Tournaments

Years ago, eSports was a community of video gamers who would gather at conventions to play Counter Strike, Call of Duty, or League of Legends.

These multiplayer video game competitions would determine League of Legends champions, the greatest shooters in Call of Duty, the cream of the crop of Street Fighter players, the elite Dota 2 competitors, and more.

But today, as the history of eSports continue to unfold, media giants such as ESPN and Turner are broadcasting eSports tournaments and competitions. And in 2014, Amazon acquired Twitch, the live streaming video platform that has been and continues to be the leader in online gaming broadcasts. And YouTube also wanted to jump on the live streaming gaming community with the creation of YouTube Gaming.

eSports Market Growth Booming

To put in perspective how big eSports is becoming, a Google search for “lol” does not produce “laughing out loud” as the top result. Instead, it points to League of Legends, one of the most popular competitive games in existence. The game has spawned a worldwide community called the League of Legends Championship Series, more commonly known as LCS or LOL eSports.

What started as friends gathering in each other’s homes to host LAN parties and play into the night has become an official network of pro gaming tournaments and leagues with legitimate teams, some of which are even sponsored and have international reach. Organizations such as Denial, AHQ, and MLG have multiple eSports leagues.

And to really understand the scope of all this, consider that the prize pool for the latest Dota 2 tournament was more than $20 million.

Websites even exist for eSports live scores to let people track the competitions in real time if they are unable to watch. There are even fantasy eSports leagues similar to fantasy football, along with the large and growing scene of eSports betting and gambling.

So it’s understandable why traditional media companies would want to capitalize on this growing trend just before it floods into the mainstream. Approximately 300 million people worldwide tune in to eSports today, and that number is growing rapidly. By 2020, that number will be closer to 500 million.

eSports Industry Analysis – The Future of the Competitive Gaming Market

Financial institutions are starting to take notice. Goldman Sachs valued eSports at $500 million in 2016 and expects the market will grow at 22% annually compounded over the next three years into a more than $1 billion opportunity.

And industry statistics are already backing this valuation and demonstrating the potential for massive earnings. To illustrate the market value, market growth, and potential earnings for eSports, consider Swedish media company Modern Times Group’s $87 million acquisition of Turtle Entertainment, the holding company for ESL. YouTube has made its biggest eSports investment to date by signing a multiyear broadcasting deal with Faceit to stream the latter’s Esports Championship Series. And the NBA will launch its own eSports league in 2018.

Of course, as with any growing phenomenon, the question becomes: How do advertisers capitalize? This is especially tricky for eSports because of its audience demographics, which is young, passionate, male-dominated, and digital-first. They live online and on social media, are avid ad-blockers, and don’t watch traditional TV or respond to conventional advertising.

So what will the future of eSports look like? How high can it climb? Could it reach the mainstream popularity of baseball or football? How will advertisers be able to reach an audience that does its best to shield itself from advertising?

Robert Elder, research analyst for BI Intelligence, Business Insider’s premium research service, has compiled an unparalleled report on the eSports ecosystem that dissects the growing market for competitive gaming. This comprehensive, industry-defining report contains more than 30 charts and figures that forecast audience growth, average revenue per user, and revenue growth.

Companies and organizations mentioned in the report include: NFL, NBA, English Premier League, La Liga, Bundesliga, NHL, Paris Saint-Germain, Ligue 1, Ligue de Football, Twitch, Amazon, YouTube, Facebook, Twitter, ESPN, Electronic Arts, EA Sports, Valve, Riot Games, Activision Blizzard, ESL, Turtle Entertainment, Dreamhack, Modern Times Group, Turner Broadcasting, TBS Network, Vivendi, Canal Plus, Dailymotion, Disney, BAMTech, Intel, Coca Cola, Red Bull, HTC, Mikonet

Here are some eSports industry facts and statistics from the report:

  • eSports is a still nascent industry filled with commercial opportunity.
  • There are a variety of revenue streams that companies can tap into.
  • The market is presently undervalued and has significant room to grow.
  • The dynamism of this market distinguishes it from traditional sports.
  • The audience is high-value and global, and its numbers are rising.
  • Brands can prosper in eSports by following the appropriate game plan.
  • Game publishers approach their Esport ecosystems in different ways.
  • Successful esport games are comprised of the same basic ingredients.
  • Digital streaming platforms are spearheading the popularity of eSports.
  • Legacy media are investing into eSports, and seeing encouraging results.
  • Traditional sports franchises have a clear opportunity to seize in eSports.
  • Virtual and augmented reality firms also stand to benefit from eSports.

In full, the report illuminates the business of eSports from four angles:

  • The gaming nucleus of eSports, including an overview of popular esport genres and games; the influence of game publishers, and the spectrum of strategies they adopt toward their respective esport scenes; the role of eSports event producers and the tournaments they operate.
  • The eSports audience profile, its size, global reach, and demographic, psychographic, and behavioral attributes; the underlying factors driving its growth; why they are an attractive target for brands and broadcasters; and the significant audience and commercial crossover with traditional sports.
  • eSports media broadcasters, including digital avant-garde like Twitch and YouTube, newer digital entrants like Facebook and traditional media outlets like Turner’s TBS Network, ESPN, and Canal Plus; their strategies and successes in this space; and the virtual reality opportunity.
  • eSports market economics, with a market sizing, growth forecasts, and regional analyses; an evaluation of the eSports spectacle and its revenue generators, some of which are idiosyncratic to this industry; strategic planning for brand marketers, with case studies; and an exploration of the infinite dynamism and immense potential of the eSports economy.

Source: http://www.businessinsider.com/esports-market-growth-ready-for-mainstream-2017-3

FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 11:54 AM on Monday, April 10th, 2017

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Recent intersection of 2.187% Copper Over 9.66 Meters
  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu
  • Recently completed diamond drill Holes for a total of 2,027 meters


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • So encouraged by the initial results of the 3000 meter program, decided to more than double the diamond drilling program planned to 7275.7 meters

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

Health Canada urged to clear the way for medical pot insurance $TBP.ca

Posted by AGORACOM-JC at 11:07 AM on Wednesday, April 5th, 2017

Medical marijuana advocates in Alberta say Ottawa needs to expedite safety approvals that would allow insurance companies to provide coverage for costly prescriptions.

  • As the federal government prepares to legalize recreational marijuana by July 2018, Grindle is among the advocates calling on Health Canada  to clear the way for coverage of legally-prescribed pot.

Medical marijuana advocates in Alberta say Ottawa needs to expedite safety approvals that would allow insurance companies to provide coverage for costly prescriptions. (CBC)

Related Stories

Conventional pills did little to ease Jill Grindle’s PTSD and sleep disorder, but within months of turning to medical marijuana the Calgary mother says she was sleeping through the night.

Now she has another worry.

“It’s costing a pretty penny,” she said. “So what I do is I under-medicate greatly. I scrimp and I save and I only use it very sparingly.”

Like most Canadians, Grindle’s standard insurance plan doesn’t cover legally prescribed cannabis. For Grindle that adds up to $1,200 a month if she were to use her full four-gram daily allowance, so she gets by on one gram a day.

As the federal government prepares to legalize recreational marijuana by July 2018, Grindle is among the advocates calling on Health Canada  to clear the way for coverage of legally-prescribed pot.

With the exception of limited coverage for veterans and patients with health care spending accounts, the standard insurance of most Canadians doesn’t reimburse the cost of medical cannabis.

Kait Shane, director of community outreach with Calgary-based Natural Health Services, describes it as the “missing link,” noting Canadians can claim cannabis on their their tax returns and travel with it on federal flights.

“Every patient comes in and is kind of wondering the same thing. Can we be covered; will we be covered?” said Shane, whose Calgary-based company prescribes cannabis at several western locations including Edmonton.

She said the problem is that medical marijuana doesn’t have a drug identification number (DIN); a classification that requires going through a rigorous, expensive approval process required of all new drugs.

Kait Shane with Natural Health Services says out-of-reach cannabis prices push some patients to illegal sources.

“It’s a matter of lobbying … to get Health Canada to recognize it’s not feasible for them to go through the same trials as other drugs,” said Shane, who points out that unlike other narcotics, cannabis has been used for a long time.

Shane worries not insuring medical cannabis will alienate those who can’t afford to get it through licensed producers.

“High costs currently push many patients to seek alternative options through illegal avenues with zero testing protocols,” she said. “The lack of testing could put a patient’s health at risk.”

Joan Weir, director of health police at the Canadian Life and Health Insurance Association, said the process is moving slowly, despite some employers adding coverage.

“There’s not a lot of good research on the impact of adding medical marijuana to your drug program,” said Weir. “So there needs to be a fair bit more research to make employers comfortable on including it as a benefit.”

Health Canada wasn’t immediately available for comment.

Source: http://www.cbc.ca/news/canada/edmonton/health-canada-urged-to-clear-way-for-medical-pot-insurance-1.4053888

Tartisan Resources Corp. Acquires the Don Pancho Polymetallic Zinc-Lead-Silver-Man… Property in Huaral, Peru $TTC.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, March 30th, 2017

Tartisan logo copy

  • Acquired 100% of the Don Pancho polymetallic zinc-lead-silver-manganese project located in the Province of Huaral, in the Department of Lima Peru
  • located in a prolific polymetallic mineral belt in central Peru with several operating mines in the area including the world class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xtrata Plc located 50 kilometers to the north-northwest

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of the acquisition of the Don Pancho |polymetallic zinc-lead-silver-manganese project in Peru.

Tartisan Resources Corp. has now acquired 100% of the Don Pancho polymetallic zinc-lead-silver-manganese project located in the Province of Huaral, in the Department of Lima Peru, 105 kilometers north-northeast of Lima, comprising one concession of 600 hectares and located approximately between 3,660 meters and 4,487 meters above sea level. A Technical Report on the Don Pancho Polymetallic Project (Zn,Pb,Ag,Mn) NI 43-101 has been filed on SEDAR (2014).

The Don Pancho Project is located in a prolific polymetallic mineral belt in central Peru with several operating mines in the area including the world class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xtrata Plc located 50 kilometers to the north-northwest. Additionally, Trevali Mining Corporation’s Santander silver-lead- zinc mine is located 9 kilometers to the east and Buenaventura’s silver-lead-zinc Uchucchacua mine is located 63 kilometers to the north, (10 million ounces of silver produced in 2011). Infrastructure is considered excellent with ready access and a power line crossing the property en route to the Santander mine.

Don Pancho Project

Previous exploration on the property included an extensive surface mapping and sampling program, geophysics and a 2021 metre diamond drilling program of 6 holes conducted by a private Peruvian company.

Mapping and sampling shows an extensive NNW-SSE trending breccia zone measuring over 800 metres in length and 150 to 200 metres in width. There are numerous old workings and underground drifts located within this zone. The 2014 diamond drilling program shows large intersections of polymetallic mineralization, including 40 metres of 0.88% Zn, 0.40% Pb and 7.7 g/t Ag, 22.65 metres of 1.00% Zn, 0.26% Pb and 6.85 g/t Ag and 1.15 metres of 4.38% Zn, 3.25% Pb and 61.1 g/t Ag, (see Duran’s Press Release September 2, 2014). Surface sampling from the previous operator has revealed very interesting values, including 13.9 metres of 28.1 g/t Ag, 2.43% Pb, and 2.42% Zn, 2.8 metres of 28.1g/t Ag, 1.06% Pb, and 9.07% Zn and 13 metres of 8.38g/t Ag, 0.39% Pb, and 2.22% Zn. Sampling of underground workings in Yanapallaca area before the previous operators retuned 106 g/t Ag, 3.26% Pb and 17.56% Zn over 2.00 metres. (see 43-101 Technical Report on Don Pancho filed December 30th, 2014 on Sedar). Please note that the true width of the mineralization both on the surface and underground workings cannot yet be determined as the controls of the mineralization is yet to be fully understood.

A “Stage 1 Program” of geophysics, diamond drilling and potentially underground  drifting is envisioned to commence in 2017. Structural analysis on the geology suggests previous drilling did not properly test the potential of the property. Tartisan  has acquired the core  and data.

In summary under the terms found in the Defineative Agreement Tartisan has acquired a 100% undivided interest in the property by paying $50,000 and issuing 500,000 common shares. Upon completion of 5,000 metres of drilling and/or underground development a further 150,000 shares are payable, and if a NI 43-101 compliant resource is published, a further 150,000 shares are payable and if the Company loses control of the project either by sale or joint-venture, a further 200,000 shares are payable. Duran Ventures will retain a 2% net smelter return royalty, of which half (1%) can be purchased by Tartisan for US$500,000.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 64,564,345 shares outstanding (84,913,414 fully diluted)..|Tartisan additionally owns a 20% + equity stake in Eloro Resources  Ltd . as well as holding  a 2% NSR in the La Victoria Project in North-Central Peru.

For further information on Tartisan, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com. For further information on Duran, please contact Jeff Reeder at 647-302-3290 (info@duranventuresinc.com) or www.duranventuresinc.com

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

Jeff Reeder P.Geo. a qualified person in the context of NI 43-101 has reviewed and approved the technical content of this News Release

Route Mobile founder to invest $10m in eSports, launch online league $GMBL.us

Posted by AGORACOM-JC at 2:59 PM on Tuesday, March 28th, 2017
  • Ronnie Screwvala and Nazara Games, the founder of Route Mobile Rajdip Gupta is planning his eSports venture – COBX Gaming – that will invest $10 million to promote eSports in India
  • COBX will launch an online domestic league, and an international league besides building an Indian team for international eSports championships

MUMBAI: 2017 is turning out to be a watershed year for India’s eSports industry as three companies have announced plans to put big money to launch their respective leagues in the country.

After Ronnie Screwvala and Nazara Games, the founder of Route Mobile Rajdip Gupta is planning his eSports venture – COBX Gaming – that will invest $10 million to promote eSports in India. COBX will launch an online domestic league, and an international league besides building an Indian team for international eSports championships.

According to the Netherlands-based market intelligence company Newzoo, eSports is a $99.6 billion industry globally, as of 2016. Led by China, the Asia Pacific region controls 47% of the total market and 58% of the growth in the global games market comes from the Asia-Pacific region.

Gupta, who recently sold 10% stake in Route Mobile for $23 million, told ETthat COBX wants to create awareness and give an opportunity and a platform to Indian players. “This is the right time to invest in eSports, and it could not have been better. There are other people trying different things in this space, but I want to create awareness and make eSports a career option for serious players,” Gupta said.

His plan is to launch an online league in the second half of April, inviting participation from any team in India. “We have kept the total prize money of `10 lakh for the online championship, which may not sound big, but will surely attract gamers. The idea is to get the right talent and create a team that will take part in International majors,” he added.

COBX will also launch the first international eSports league in India by the end of this year. “We are focused on getting teams from 16 different countries in December for the international league, which will have a prize money of $300,000,” he added.

Marijuana industry gets boost from anticipated legalization target date $TBP.ca $MCOA.us

Posted by AGORACOM-JC at 9:55 AM on Tuesday, March 28th, 2017

Canadian marijuana businesses got a confidence boost from a CBC News report that the government plans to legalize recreational marijuana by July 2018, although big questions remain about how the legal market will work in different provinces.

The newly revealed date for the debut of legal cannabis is “exactly along the lines of what we expected,” said Neil Maruoka, a stock analyst with Canaccord Genuity who covers publicly traded marijuana companies.

“Certainly there are some companies with more aggressive expansion plans, and this will give some comfort and clarity on what that path forward is going to be,” he said.

Stocks in Canadian marijuana companies swelled on Monday. Shares of Canopy Growth Corp., Canada’s largest publicly traded marijuana producer, gained more than 11 per cent. Shares of Aphria, another large player, gained about 8.4 per cent.

The tabling of the legislation, expected the week of April 10, should be “the tide that lifts all cannabis stocks,” said Maruoka.

Licensed producers bet on recreational sales

Currently, 39 marijuana producers are licensed by Health Canada to cultivate medical marijuana and sell it to patients via a mail-order system. Some of those companies are spending heavily to build up their growing capacity, betting that they’ll be well positioned to sell into the recreational market as soon as the green flag waves.

Alberta-based Aurora Cannabis, which is building an 800,000 square-foot farm near Edmonton International Airport, welcomed the reassurance that Ottawa is committed to recreational sales.

“This is something that we planned on and that’s why we started construction on this enormous facility,” Aurora executive vice-president Cam Battley told CBC Edmonton on Monday.

Canopy Growth CEO Bruce Linton also said the legalization date is in line with his company’s plans.

“It means everything that’s been predicted to be on a path is on a path,” said Linton.

“And when you’re dealing with a government, you can expect things not to stay that course, but they have.”

Who will be allowed to sell?

Even if they weren’t surprised by the date, players in the Canadian marijuana market are taking notice of the news that individual provinces will be deciding how marijuana is sold.

“The dispensary groups, depending on how this plays out, could be big winners,” said Mark Lustig, CEO of CannaRoyalty Corp., which invests in legal aspects of the marijuana industry.

Pharmacies like Shoppers Drug Mart, London Drugs, and Jean Coutu could also benefit if provincial governments tap them as marijuana distributors, said Lustig.

CANADA MARIJUANA/REGULATIONS

Marijuana dispensaries, currently illegal under federal law, could benefit if individual provinces let them sell legal marijuana. (Julie Gordon/Reuters)

In Ontario, the union that represents Liquor Control Board of Ontario workers has pushed for marijuana sales through the government liquor monopoly.

Ontario Premier Kathleen Wynne said Monday that the provincial government has not yet decided who will get to sell marijuana in Canada’s most populous province, although she previously said “it makes sense” to sell marijuana through the LCBO.

Colette Rivet of the Cannabis Canada Association, which represents 15 licensed producers, says her organization’s members favour leaving the mail-order system for medical marijuana in place, and potentially expanding it to recreational sales.

Still, Rivet acknowledges that brick-and-mortar retail sales are “likely to happen, of course.”

In its submission to the federal task force on marijuana legalization, Cannabis Canada said it was against selling alcohol and marijuana in the same location.

Dispensaries hope for inclusion

Owners of some marijuana dispensaries, which are illegal under federal law, are also hoping the provinces will cut them in on the legal marijuana market.

“We feel that we have a very good potential to be included in a regulated environment,” said Jeremy Jacob, a Vancouver dispensary owner and president of the Canadian Association of Medical Cannabis Dispensaries.

In many Canadian cities, dispensaries are frequently raided and shut down by police. But Jacob points out that some B.C. dispensaries have good relationships with local governments in Vancouver and Victoria, where marijuana shops can be licensed by municipal authorities.

Jacob expressed hope that those existing government ties could help pave the way for dispensaries — and the unlicensed producers who grow their product — to take part in the legal marijuana economy in B.C.

“We’re waiting to see how inclusive they actually are,” said Jacob.

Source: http://www.cbc.ca/news/business/marijuana-businesses-legalization-date-1.4042599

Marijuana Company of America Completes 2-Year Audit, Will Apply to Uplist $MCOA.us

Posted by AGORACOM-JC at 8:56 AM on Tuesday, March 28th, 2017

15233 mcoa

  • Announced that its PCAOB auditors have completed a two year audit of the Company’s financial statements for the years ended December 31, 2015 and 2016
  • Company will apply to uplist its trading tier with OTC Markets to the OTCQB exchange

BONSALL, CA–(Mar 28, 2017) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that its PCAOB auditors have completed a two year audit of the Company’s financial statements for the years ended December 31, 2015 and 2016.

MCOA‘s SEC legal counsel is now finalizing a Form 10 registration statement for filing with the Securities and Exchange Commission. After the registration statement becomes effective, and the Company’s common stock is registered with the Commission, the Company will apply to uplist its trading tier with OTC Markets to the OTCQB exchange. Completing the two year audit is an integral step in successfully filing a Form 10 registration statement. This significant step has been completed to enhance long-term shareholder value, and attract a broader and more diverse shareholder base, including more institutional investors.

Donald Steinberg, MCOA President and CEO said, “Our goal is to meet the requirements to be a fully reporting company. This is in-line with our business plan to move to a higher level stock exchange. As we continue to grow within our industry, achieving the highest level of transparency for our current and future shareholders is of paramount importance to us. With the audit completed, we are well on our way to becoming fully reporting and offering more transparency to investors and shareholders.”

ABOUT L&L CPAs, PA
L&L CPAs, PA is registered with the Public Company Accounting Oversight Board (PCAOB) and is experienced in conducting audits of public companies in the cannabis industry. Please visit the audit firm’s website at www.llcpas.net to find out more information about the firm.

SAFE HARBOR STATEMENT
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Contact :
Investor Relations
1+(888)-777-4362
IR@mcoa.club

Marijuana could be legal by July 2018: report $TBP.ca $MCOA.us

Posted by AGORACOM-JC at 10:32 AM on Monday, March 27th, 2017

Cured flowers of cannabis intended for the medical marijuana market are seen at a licensed producer facility in Moncton, N.B., on April 14, 2016. THE CANADIAN PRESS/Ron Ward
  • federal Liberals have reportedly set a date to officially legalize marijuana
  • government will unveil legislation the week of April 10 and that the recreational use of marijuana is set to be legal by Canada Day of next year.
The federal Liberals have reportedly set a date to officially legalize marijuana.

The CBC reports the government will unveil legislation the week of April 10 and that the recreational use of marijuana is set to be legal by Canada Day of next year.

According to the Globe and Mail, the federal government is scrambling to draft legislation ahead of April 20, the day when pro-weed groups publicly “light up.”

The minimum age to buy pot will be 18, but provinces could set a higher limit. It’s also up to the provinces to control distribution and sales. Also, four marijuana plants will be allowed in each household.

Last year, Prime Minister Justin Trudeau had signalled the legislation would be drawn up this spring to make good on his campaign promise to legalize pot.

All storefront marijuana dispensaries are currently illegal while the federal government drafts legislation to legalize and regulate recreational pot.

Dispensaries have been frequent robbery targets over the last few months. Several shops have been held up, often at gunpoint, and in some instances shots were fired.

Earlier this month, police arrested Marc and Jody Emery – the owners of the Cannabis Culture brand – and raided a number of Cannabis Culture dispensaries across Canada.

Source: http://www.citynews.ca/2017/03/27/marijuana-legal-canada-day-2018-report/