Agoracom Blog

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

Posted by AGORACOM-JC at 10:42 AM on Thursday, September 22nd, 2016

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)

  • 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


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
  • Diamond Drilling winter 2015/2016

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)

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PhytoPain Pharma Announces Interview With Radio-Canada Regarding Its Development of a Prescription Marijuana Drug $GCI.ca

Posted by AGORACOM-JC at 9:28 AM on Thursday, September 22nd, 2016

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OTTAWA, ONTARIO–(Sept. 22, 2016) - PhytoPain Pharma (“PPP”), a subsidiary of GrowPros Cannabis Ventures Inc. (“GrowPros” or the “Company” or “GCI“) (CSE:GCI), a pharmaceutical company focused on developing and commercializing therapeutic cannabis-based products for the treatment of pain and other medical conditions announces that it gave an interview to the journalist Brigitte Bureau of Radio-Canada regarding the development of a prescription marijuana drug. Shareholders can view the interview on CBC’s website at http://ici.radio-canada.ca/regions/ottawa/2016/09/21/008-marijuana-medicinale-legalisation-gouvernement-trudeau.shtml

According to Dr. G. Chamberland, Chief Scientific Officer, “PPP is developing a prescription drug marijuana product for consumption via inhalation “smoking”. As part of its mission of bringing botanical-based therapies to patients with chronic diseases while maintaining the characteristics and properties of natural health products but backed by the scientific research and development of Pharma industry. Over the next years, the corporation is planning to develop the evidence to support the prescription of marijuana by physicians and to seek coverage by provincial and federal insurers.” “By implementing this approach, we believe that PPP is addressing the missing link that has existed for years as the major barrier of access to medical cannabis by both patients and physicians across the globe“, commented Ryan Brown, Vice-President of Business Development and Director of Communications for GCI.

Dr. Chamberland further commented that the company intends on submitting a Clinical Trial Application later this year (pre-CTA submitted in August 2016 as per previous news release) and when authorized by Health Canada would initiate its Phase I trial in humans later this year. “PPP001 is in its early stages of development, but based on published clinical trial data, the company is confident that it can bring this product to the market after completing the studies required by regulatory agencies“, commented Dr. Chamberland.

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

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

GrowPros Cannabis Ventures Inc.
Dr. Guy Chamberland
Chief Scientific Officer
(514) 220-9225

GrowPros Cannabis Ventures Inc.
Andre Audet
Executive Chairman
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Ryan Brown
President, GrowPros MMP Inc.
(613) 421-8402

Soil Survey Shows Strong Lithium Results at the Nevada Energy Metals Black Rock Desert Project $BFF.ca

Posted by AGORACOM-JC at 8:20 AM on Thursday, September 22nd, 2016

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  • Announced that a surface sampling program designed to test for lithium (Li) values in playa evaporates
  • Returned significant geochemical results at the Company’s 100% owned Black Rock Desert Project in Nevada

Vancouver, British Columbia / September 22, 2016- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that a surface sampling program designed to test for lithium (Li) values in playa evaporates has returned significant geochemical results at the Company’s 100% owned Black Rock Desert Project in Nevada. Geochemical sample points were arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. One hundred and seventy (170) soil samples were collected. Results ranged from 82.8 to 520 parts per million (ppm) lithium with a median value of 182 ppm. Twelve samples carried over 300 ppm Li.


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The Black Rock Desert results are comparable to those obtained at Teels Marsh, Nevada by Dajin Resources Corp. (55 -460 ppm Li) and in clay separates at Clayton Valley, Nevada (300 – 1,100 ppm Li). It is not known what relationship if any exists between lithium values in clay concentrates and those in bulk soil samples.

These results show that dissolved lithium has been transported into this portion of the Black Rock Desert and is available for potential concentration by evaporative brines. The exploration model for the Black Rock Project is a Clayton Valley evaporative brine deposit as described in USGS Open File Report 2013-1006.

Samples were collected by a contract crew and transported to the ALS sample preparation lab in Elko, Nevada. Samples were screened to -80 mesh at the ALS prep lab in Reno, Nevada and analyzed by Aqua Regia leach mass spectrometry at the ALS laboratory in North Vancouver, B.C. Canada. QA/QC standards were inserted into the sample stream with one in twenty samples being a standard. All standards were within 3% of their accepted value of 750 ppm.

As a result of encouraging lithium values at the Black Rock Desert, the company has dispatched a crew to expand its land position by staking additional claims.

About the Blackrock Desert Lithium Project:

The Black Rock Desert Lithium Project consists of 128 placer claims, (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. The nearest population center is the town of Gerlach, which lies 177 kilometers north of Reno.

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys, indicating a maximum thickness of valley-fill deposits of about 1,200 m/3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous lithium values (up to 3.5 ppm) that flank the property on the west side (U.S. GEOLOGICAL SURVEY Open-File Report 81-918). While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

The company plans to carry out additional exploration programs this fall to determine the potential for an economic lithium brine deposit. Future exploration will consist of shallow auger sampling followed by a high resolution geophysical program to define potential drill targets.

Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert Lithium Project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometers/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

On Behalf of the Board of Directors:

Rick Wilson, President & 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 contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

Durango Provides Detailed Information On Lithium Exploration Program, Identifies Three Distinct Pegmatite Intrusions $DGO.ca

Posted by AGORACOM-JC at 10:47 AM on Wednesday, September 21st, 2016

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  • Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
  • Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
  • 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta

Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.

Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.

Summary of Assays

Typical LCT (lithium-cesium-tantalum) pegmatites are marked by prominent accumulation of Li, Cs and Ta (sometimes with Rb and other elements), which are exhibited to an anomalous degree in the pegmatite assays returned from the NMX East property.

Out of a total of 79 samples taken at NMX East, 47 samples were taken from pegmatite outcrops. Out of this group of pegmatite samples: 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta. Summary and ranges of anomalous results are summarized in Table 1. Assays are shown against pegmatite outcrops in Figure 1.

Table 1: Pegmatite Grab Sampling Highlights

Sample Easting Northing Li2O (ppm) Cs (ppm) Ta (ppm) Rb (ppm)
1008111 443,957 5,725,198 669 24.3 0.8 276
1008119 443,676 5,724,973 323 27.7 40.7 846
1008116 443,753 5,724,983 301 33.5 12.6 1405
1008114 443,771 5,725,022 280 16.4 51.2 738
1008115 443,764 5,725,014 194 24.2 77.1 1015
1008158 444,450 5,717,722 194 50.3 34.5 530
1008112 443,802 5,725,041 172 14.7 30.3 679
1008152 442,962 5,717,112 151 14.1 14.5 52.4
1008118 443,700 5,724,988 86 83.6 4.7 2140
1008175 444,391 5,727,079 86 29.8 47.4 1165
1008113 443,790 5,725,031 65 77.4 1.6 1895
1008122 443,742 5,724,940 65 53.1 3.7 1925

* All coordinates are NAD83 UTM Zone 18N

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.


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Figure 1: Pegmatite sample map illustrating Li2O Results.

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Interpretation of Lithium, Cesium, Tantalum, and Rubidium Anomalies

Results from the exploration program at NMX East clearly indicate the presence of three distinct pegmatite intrusions which exhibit significant lithium, cesium, tantalum, and rubidium anomalies. One intrusion occurs on the property’s East Block, while two intrusions occur on the South Block.

The Nemiscau Region exhibits a markedly limited amount of bedrock exposure, which produces a very challenging environment for surface sampling. On average, there is approximately less than 5% exposure on the NMX East property and a large portion of the surrounding region. Evidence suggests that the majority of pegmatite bodies in the Nemiscau Region are obscured beneath the glacial diamict which blankets the region. Nemaska Lithium Inc.’s recent drilling results also report mineralized intercepts as deep as 500 metres below surface (2). As such, Durango’s geological team suspects the three viable lithium-bearing LCT pegmatites, which occur at surface on Durango’s NMX East property, may represent smaller exposures of potentially much larger intrusions which may continue both at depth, laterally, and along strike.

Furthermore, most LCT pegmatites exhibit concentric zonation, particularly of spodumene (Li), pollucite (Ce), columbite-tantalite (Ta), and beryl (Be) mineralization. This mineralization is typically concentrated in the core margin to core zone of the pegmatite intrusion, with dilute quantities in the intermediate zone. This zonation is illustrated in Figure 2.


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Figure 2: Zonation in an idealized LCT (lithium-cesium-tantalum) pegmatite intrusion. (USGS Open File Report 2013-1008)

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Durango’s geological team therefore interprets these moderate lithium, cesium, tantalum, and strong rubidium anomalies at surface to be a potential indication of significant spodumene mineralization at depth. The next steps at NMX East will include extensive stripping and/or drilling of these mapped pegmatite intrusions in order to determine the real nature and extent of the intrusive bodies.

Marcy Kiesman, CEO of Durango, comments, “The results from this campaign indicate the existence of three newly-discovered LCT pegmatite intrusions on the NMX East property and serve as an excellent first step in the progression of the project. Lithium-bearing pegmatites are a complex deposit type, considering the zonation and nature of mineralization within the intrusions and the challenging region in which they choose to manifest. Durango is exceptionally pleased to have discovered three distinct LCT pegmatite intrusions on the property and plans to explore these targets further in the coming exploration season, by means of stripping and drilling.”

All samples were grab samples and were analyzed by ALS Minerals, Val-d’Or (Quebec). The analytical methods used correspond to ALS codes ME-MS81 and Be-ICP81.

The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.

References

  1. (1)Bradley, D., McCauley, A. (2013). A preliminary deposit model for Lithium-Cesium-Tantalum (LCT) Pegmatites. USGS Open File Report 2013-1008.
  2. (2)Nemaska Lithium (TSE: NMX) news release, September 6, 2016.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

Pacific North West Capital Corp. Appoints Veteran PGM Geologist to Advisory Board $PFN.ca

Posted by AGORACOM-JC at 10:09 AM on Wednesday, September 21st, 2016

Ron Hieber is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981. In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital.

At the time he retired, he was a Director of several Anglo Platinum subsidiaries, including Unki Platinum Ltd. (Zimbabwe) and Rustenburg Platinum Mines Ltd. From 2009, Ron worked as Executive Director: Business Development for Kameni Ltd., which had PGM interests, in the Eastern Bushveld and Zimbabwe. After selling its projects, Kameni closed and Mr. Hieber now runs his own company, with interests in South African and Zimbabwean Gold projects.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent Mineral Resource Estimate are summarized below:
    • -Prepared by Tetra Tech (Wardrop)-High Confidence: Measured plus Indicated = 72% of total

      -Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

      -Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

      -High Grade Potential: particularly in the north part of the River Valley Deposit

      -Resources under Evaluation for Development Potential, as Open Pit Mining Operation

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  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target:
    • -Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate-Possible New Mineralized Zone at the north end of the River Valley Deposit

      -Show potential to take the River Valley PGM Project in a New Direction

      -Additional Drilling is slated for mid-October, 2016


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  1. 9.Exploration and Development Plans for 2016
  • -Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016

    -Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

    -Ongoing Strategic Partner Search for River Valley


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Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s new Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary, to Acquire and Develop Projects in Active Mining Camps in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The Company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project Acquired by the Company (PFN News Releases April 25th, 2016, May 11th, 2016 and June 16th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically in recent months. Lithium Supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution. The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada. Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors,

“Harry Barr”

Harry 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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

VGambling Securities Are Now DWAC/FAST Eligible With DTC; eSports Investors Now Able to Electronically Buy, Sell and Transfer Shares $GMBL.us

Posted by AGORACOM-JC at 8:36 AM on Wednesday, September 21st, 2016

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  • Depository Trust Corporation (the “DTC”) has approved its common stock for DWAC/FAST transfer through the Company’s Transfer Agent, Transhare Corporation
  • Newly approved stock transfer capability will enable VGambling Inc. shareholders to transfer their shares of GMBL stock electronically after buying or selling on the open market
  • No extra expense and delay associated with the processing and transfer of physical share certificates

ST. MARY’S, ANTIGUA–(Sep 21, 2016) – VGambling Inc. (OTCQB: GMBL) (or the “Company”), a licensed online gambling company with a specific focus on eSports wagering, is pleased to announce today the Depository Trust Corporation (the “DTC”) has approved its common stock for DWAC/FAST transfer through the Company’s Transfer Agent, Transhare Corporation. This newly approved stock transfer capability will enable VGambling Inc. shareholders to transfer their shares of GMBL stock electronically after buying or selling on the open market, without the extra expense and delay associated with the processing and transfer of physical share certificates.

Companies approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.

Grant Johnson, CEO of VGambling Inc., stated, “We are pleased to announce another shareholder-friendly step in our evolution as an eSports public company. DWAC transfer eligibility enables our shareholders to maintain the highest levels of efficiency, accountability and compliance standards for their trading activities in our shares through the best and most up-to-date electronic securities trading platforms being used today. This is especially important to eSports investors that span the globe but have few options for publicly traded eSports focused companies such as VGambling.”

About VGambling Inc.

VGambling Inc. is an online gambling company specifically focused on eSports. VGambling intends to offer eSports wagering on a fully licensed, regulated and secured platform to the global eSports audience. VGambling is led by a team of industry and technical experts from the online gambling and video game industries, e-Sports, marketing, legal and financial professionals. The Company maintains offices in St. Mary’s, Antigua and Barbuda. VGambling is currently developing several play money websites and their real money wagering website.

About VGambling Licensing, Compliance And Regulatory Process

1. VGambling has been issued a Client Provider Authorization Permit by the Kahnawake Gaming Commission.

2. VGambling has entered into a Betting Gaming Platform Software Agreement with Swiss Interactive Software GmbH to provide wagering platform software.

3. VGambling has an agreement with CAMS, LLC to provide global electronic payment and risk management solutions.

4. VGambling has agreed to integrate the award-winning affiliate management platform of Income Access to manage the Company’s forthcoming affiliate program.

VGambling common stock is listedon the OTCQB under the symbol GMBL. For more information, please see www.vgambling.net

Contact:
Grant Johnson
Chief Executive Officer
grant@vgambling.net

Sudbury Accent: Slump easing for exploration company $PFN.ca

Posted by AGORACOM-JC at 12:37 PM on Tuesday, September 20th, 2016

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Gino Donato/Sudbury Star Harry Barr, chairman and CEO of Pacific North West Capital Corp., at the company’s River Valley PGM deposit in River Valley, east of Sudbury.

Harry Barr is convinced there is a big find east of Sudbury

Say you’re a barber who runs your own shop, and you haven’t had a customer in your chair for five years. You may be tempted to give up, to literally throw in the towel, even enter another line of work. But you hang in there.

Finally, after a half-decade of inactivity, customers begin to return, slowly at first, but growing in number as word spreads you’re back and in business, and offering a good product.

Harry Barr used that analogy this week at a town hall meeting in Sudbury intended to drum up interest in Pacific North West Capital Corp.’s River Valley Platinum Group Metal Project.

After a brutal five-year period, in which low commodity prices spooked investors away from sinking money into mineral exploration, interest in the River Valley project began to grow again.

The presentation at the Holiday Inn, hosted by Barr, capped off two days of tours in which 30 or more people toured the River Valley property and visited the core shed for the project 100 kilometres northeast of Sudbury

Barr is president and chief executive officer of Pacific North West Capital, which has undergone a name change to New Age Metals Inc., a change that hasn’t really caught on yet.

Barr greeted everyone arriving at the Sudbury session in person, shaking hands, welcoming them and using the barbershop metaphor to describe how difficult it has been to attract investors to the River Valley project in the last five years.

When giant miners around the globe were feeling the crunch, juniors such as Pacific North West were barely hanging on by their fingernails.

Still, from the spring of 2011 and for the next five years, Barr continued to knock on the doors of people who might be persuaded to invest in what he believes is the next big mineral find.

Barr is bullish on the River Valley project, which is rich in platinum group metals. Platinum, palladium, gold and other precious metals are a byproduct of mining operations in Sudbury, particularly the deeper underground they go. But River Valley would be only the second primary PGM mine in Canada, after North American Palladium Ltd.’s Lac des Iles Mine near Thunder Bay.

With many of the world’s most powerful nations “broke”, Barr is banking on the price of gold rising and, along with it, the price of precious metals such as platinum and palladium.

Combine that with a deficit in demand versus supply of palladium and the fact one of the largest uses of PGMs is in the manufacture of catalytic converters in automobiles. Barr said, globally, automotive sales are forecast to triple — from 20 million in 2015 to 60 million in 2024 — so the market for PGMs looks bright.

The River Valley deposit has 2.5 million ounces of platinum group metals in measured and indicated resources.

As well as a forecasted demand, Barr explains the River Valley PGM Project is ideally situated. Part of the deposit is above ground or not far below surface so it could start as an open-pit operation. It’s located close to Sudbury where two mining giants have smelters to which a PGM miner could ship concentrate. The 20-kilometre-long property is accessible by road, and there is power and rail infrastructure nearby.

Perhaps most importantly, the deposit is located in an area that is politically stable, unlike some of the other places in the world where PGMs are mined.

About $30 million has been invested in exploration, drilling and geological interpretation of the project since it was discovered in 2000. That discovery triggered one of the largest rush of stake claims in Canadian history in the area, said Barr. Dozens of companies were out looking for PGMs.

In the short-term, Barr is looking to start a second phase of drilling this fall at a cost of $500,000. His company is considering five estimates. The cost to drill has plummeted because companies are desperate for work during the mining slump.

In the longer term, it will require $5 million to complete the second phase of delineation drilling and upgrade mineral resource estimates; undertake a first phase drill test of structural targets for high grade mineralization; and carry out a second phase of metallurgical test work.

Part of the longer-term work is undertaking a preliminary economic assessment (PEA), formerly known as scoping.

The company’s short-term finance strategy is to raise capital in the market, but it is looking to secure a strategic partner for the long term.

To a degree, Barr is selling investors on the force of his own personality. At age 61, Barr has been in exploration and mining since he was 23 when an uncle bought a gold mine in Colombia and sent him to run it. He returned to Canada smitten with the industry and has worked in it ever since.

Barr has created, bought and sold several companies in the ensuing decades and is proud to say every one of them remains in business.

A self-described promoter and storyteller, Barr said he didn’t like being called a mining promoter in the early days “because it just didn’t sound right. But the truth is, under the legal definition of what I am in practice and in our yearly documents, I am a defined promoter of the company under the securities law,” he said.

Years ago, an elderly man asked Barr: “When you look in the mirror in the morning, do you see a good promoter or a bad promoter, and I wondered what the hell he was talking about.

“But, then you say, ‘What’s your title?’ Well, it’s the CEO. ‘Is the CEO a promoter?’ I would think so.”

Barr doesn’t just sell the idea to potential investors. “What I try to do is get everyone underneath me, right to the IT guy, to be the promoter too. And that is difficult. It’s leadership, it’s management.”

Managing a company with such long-term projects has forced Barr to be creative and organized. Every week, he has a plan and an agenda to move projects forward, focusing his small employee group, many working part-time, on the company mission.

Pacific North West went from a large operation, with dozens and dozens of employees five years ago, to the virtual offices of employees such as North Bay geologist and entrepreneur Trevor Richardson, a business developer for the company. Barr jokes that while he is CEO, he does everything for the company now, even acting as janitor.

He has also cut back from the four companies he owned a year ago, selling two and keeping two.

Pacific North West formed a lithium division this year. Lithium is in increasing demand for electric cars and energy storage. Barr explained at the Sudbury meeting that people buying into River Valley are getting a two-for-one deal as they are also buying into the lithium division.

Despite buying and selling several companies, Barr prides himself on the fact he has had the same phone number and fax number for 31 years “so that’s important.”

Barr reviewed his industry background before telling the Sudbury audience it should look for certain qualities in a CEO of a junior exploration company.

Barr grew up on a family farm in the Ottawa Valley near Refrew, an operation his brother still runs. He attended Guelph University and studied agri-business, but got into real estate out of school.

He was doing well when his “crazy old uncle” bought the Colombia gold mine and Barr thought: “I’d like to run that.”

After being bitten by the gold bug, he moved to British Columbia in 1985 to start his first company. Again, he expresses pride it still operates today.

“So, I don’t give up on anything,” Barr said this week on a tour of the River Valley property. “I guess that’s one of the hard-headed things you get from being a farm boy.”

A key quality of a good CEO for an exploration company that person’s willingness to “put skin in the game.”

Barr believes in River Valley so strongly he has invested $3 million of his own money in it, demonstrating his confidence in what he is promoting.

Drill holes have shown rich mineralization along the “strike” of the River Valley Property. Pacific North West recently bought another four kilometres, giving it 20 kilometres of mineralization.

Barr believes the mining industry is starting an up cycle, and the juniors will make a comeback when “the big guys” do.

The last five years have been a “fear cycle”, but Barr believes the industry is heading into a “greed cycle” again.

Another important quality in a junior miner CEO is experience. Barr has that in spades. So does colleague Bill Stone, a long-time geologist and researcher who is principal consulting geologist with Pacific North West.

On the ride to the River Valley project, Barr asks passengers to imagine the strip of land to the right of the two-lane blacktop as it would be seen from a helicopter.

“We actually have a potential new mining district here,” said Barr, a district in which several mines could potentially operate. His company has a mining lease on River Valley, the new version of patented ground, with the Government of Ontario, and it can be renewed every 21 years “if we’re good citizens.”

Barr isn’t asking potential investors to just rely on his say-so about the mineralization of the property. He’s got plenty of science and core samples to back up his claims.

Since the $6-billion Bre-X gold mine fraud in the mid-1990s, there is a new system to evaluate mineral reserves in Canada. As well, 10 per cent of core samples must be sent to an independent laboratory to ensure those findings match those of the company’s.

Barr estimates $30 million has been invested in River Valley so far, $20 million of that drilling more than 600 core samples.

In the next six to 12 months, Barr and business development officer Alastair McIntyre are looking to find “that big partner, show him what we’ve done, the one that needs that long-term vision of platinum group metals and the right mining jurisdiction” and other factors going for River Valley.

The money needed wouldn’t be huge for a major miner, but for the last several years, “they all turned their minds away from it,” said Barr. “Now they’re just starting to look that way,” said Barr of River Valley.

McIntyre explained that exploration companies that “put things into production” have often found themselves in trouble. “So the expectation is just to find a venture partner to help us get to the point where it can get to production. At that point, we step back,” said McIntyre, who is also a geologist.

Barr said they can help joint venture partners to a certain extent. “We are explorers. We are the first guys in, like the wildcatters in oil.”

He believes River Valley is three to five years away from operation based on financing “and all the rest of it.”

His company has been in talks with neighbouring Temagami First Nations, with assistance from the Government of Ontario, and Barr said members “get” the importance of mining because many of them have worked in Sudbury’s mines.

“Temagami has been on the list since Day 1,” said Stone. Pacific North West has a memorandum of understanding with the first nation and is looking to government for advice about other first nations with whom it should consult.

The company’s goal is raise $2 million to $3 million this year. It expects to do that by highlighting for potential investors the attributes of River Valley. Existing infrastructure is a huge one, said Stone.

“This is not in the Arctic, it is not remote, it’s not a multi-billion dollar huge cap-ex project, right? It’s right next door and we’ve been here all this time. It’s easy to get to, it sticks out of the ground, it has good grades, it’s a mining friendly jurisdiction.”

The project has a lot going for it and the goal of this week’s efforts was to raise the profile of River Valley.

Said Barr of the River Valley Platinum Group Metal Project: “You’ve got to have faith, you’ve got to believe. Mines aren’t just built, they’re promoted until they’re into production.”

CMulligan@postmedia.com

Source: http://www.thesudburystar.com/2016/09/17/sudbury-accent-slump-easing-for-exploration-company

Durango Discovers Lithium Bearing Pegmatites Near Nemaska, Quebec $DGO.ca

Posted by AGORACOM-JC at 10:33 AM on Tuesday, September 20th, 2016

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  • lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project
  • Anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery

Vancouver, BC / September 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 13, 2016, lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project.

Durango’s anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery. No trenching or blasting was completed on the first phase reconnaissance program which took place in August 2016, as the scope of the program was limited to identifying pegmatites and sampling for lithium values.

Durango has discovered anomalous lithium bearing pegmatites sampled by a simple grab sample. From all the pegmatites discovered and sampled, 25 returned anomalous lithium values ranging from 50 to 320 ppm or 0.032%Li.

Exploration on Nemaksa Lithium’s claims has been ongoing since 1962 and has been worked on by various companies over the years. Nemaska Lithium is the eighth company to work the block of claims and began their work in 2009 by property visits and grab sampling. According to the Nemaska Lithium’s 43-101 report, Canico completed the first work in the area in 1962-63 and drilled 5 holes with the best result being 1.44% Li2O over 83.2m. Forty years later (2002), Inco tested the same pegmatite while exploring for Tantalum with results up to 0.026% Ta over 1 m in a channel sample. The lithium results returned by Inco ranged from 0.14%Li to 1.73% Li over a 1 m channel on the same spodumene-bearing pegmatite.*

Durango’s pegmatites with the lithium results can be easily accessed to trench and blast, or possibly commence drilling, to determine the extent of the pegmatites and to obtain fresh rock samples (not exposed to weathering and erosion) to determine Li content. Cesium levels ranged up to 80.9ppm, tantalum levels up to 77.1ppm and rubidium up to 2140 ppm which is typical of LCT (lithium, cesium tantalum) pegmatites. Pegmatites exploited for lithium are usually of the LCT type.

Marcy Kiesman, CEO of Durango comments: “Durango is highly encouraged by the geological discovery of the lithium-bearing pegmatites so proximal to the Whabouchi project. This discovery has greatly increased our odds of hosting a LCT (Lithium, Cesium, Tantalum) type deposit adjacent to Nemaska Lithium Inc. As such, Durango has asked Donald Theberge to prepare a report with phase two exploration program recommendations which will be announced as soon as it is available.”

The technical contents of this release were approved by Mr. Donald Theberge, PEng., MBA, a qualified person as defined by National Instrument 43-101. The property has not been subject of a National Instrument 43-101 report.

*Nemaska Exploration Inc. NI 43-101 Technical Report – Whabouchi Property, October 2, 2009, by Donald Theberge, Eng., MBA, p.8, p.17

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

Nevada Energy Metals Inc. Clayton Valley BFF-1 Project Update $BFF.ca

Posted by AGORACOM-JC at 9:22 AM on Tuesday, September 20th, 2016

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  • American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.

September 20, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property. Sonic drilling is capable of reaching a depth of 500 feet and is used for determining the characteristics and orientation of subsurface playa sediments. The ultimate goal of this program is to confirm the presence of a fine grained green sand and silt logged as volcanic ash in previous drilling on the property. This horizon is thought to be correlative to the Main Ash Aquifer on the adjacent Albermare/Rockwood lithium producing property. (ref. Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada; Jeffrey B. Hulen, PG, 2008)

American Lithium Corp. holds the right to acquire up to a 70% interest in and to the Clayton Valley BFF-1 Project by making staged cash payments in the amount of USD$275,000, issuing 1,200,000 million common shares of American Lithium Corp in three tranches and incurring USD$1,000,000 in exploration expenses on or before the third anniversary date of the agreement.

Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are delighted to have American Lithium Corp. as our partner with which to advance the Clayton Valley BFF-1 property. The Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation, the border of which, lies only two hundred meters to the south east. We look forward to an exciting exploration program in the months ahead.”

About the Clayton Valley Project:

The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims encompassing an area of approximately 623 ha (1,540 acres) on the north-western side of the original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak Range front on the west and by an outlier of Paleozoic rocks known as Goat Island on the east. The exploration concept is that the graben is a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.

The Clayton Valley BFF-1 NI 43-101 Technical Report by Alan Morris, CPG, QP, states ” The property has strong potential to host lithium brine deposits in favorable geologic horizons within the basin fill. Another possible target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.” (April, 2016)

Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008) indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium brine as it may represent a separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.

Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is now the Clayton Valley BFF-1 Project. Bottom hole temperature was 50C (122F) which showed moderate potential for geothermal power. Of significance, the well encountered a 25-foot-thick zone of volcanic ash reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic ash in this hole is significant in light of that, it is the presumed source for at least some of the lithium in the brines (Price et al, 2000).

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert Lithium Project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometers/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

On Behalf of the Board of Directors

Rick Wilson, President & 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 contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

GrowPros Changes Its Name to Tetra Bio-Pharma Inc. and Announces the Results of Its Annual Shareholders Meeting $GCI.ca

Posted by AGORACOM-JC at 4:39 PM on Monday, September 19th, 2016

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  • Selected Tetra Bio-Pharma Inc. as the new name for the Company
  • Company also announces the re-appointment of Mr. André Audet as Director of GrowPros and welcomes three new directors on its Board, Mr. André Rancourt, Mr. Robert Brouillette, and Mr. Benoit Chotard.

OTTAWA, ONTARIO–(Sept. 19, 2016) - GrowPros Cannabis Ventures Inc. (“GrowPros” or “the Company”) (CSE:GCI) is pleased to announce that its shareholders have approved an amendment to the Company’s articles of incorporation in order to change its name. The Board of Directors, at a special meeting following the annual shareholders meeting, has selected Tetra Bio-Pharma Inc. as the new name for the Company.

The Company also announces the re-appointment of Mr. André Audet as Director of GrowPros and welcomes three new directors on its Board, Mr. André Rancourt, Mr. Robert Brouillette, and Mr. Benoit Chotard. (Reference to News Release of August 25, 2016)

The firm of McGovern Hurley Cunningham, LLP, was re-appointed as auditors of the Company.

Shareholders have approved the Board’s request for consolidation of the share capital of the Company on the basis of a consolidation ratio of one (1) post-consolidation share for every three (3) pre-consolidation shares. As previously released the consolidation will only be implemented in the case of a major business development.

Non-Brokered Private Placement

The Company also announces a non-brokered private placement (the “Offering”) comprised of 5,000,000 units at a price of $0.05 per unit for gross proceeds of $250,000. Each unit will consist of one common share and one transferable warrant. Each warrant entitles the holder to purchase one common share at a price of $0.07 for a period of twenty-four months following the closing of the Offering. All securities issued pursuant to the private placement are subject to a four-month hold period from the closing date and are subject to all necessary regulatory approvals.

In connection with the private placement, the Company may pay finder’s fees.

The proceeds of the private placement will be used to fund general working capital.

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

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

GrowPros Cannabis Ventures Inc.
Andre Rancourt
Interim Chief Executive Officer
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Andre Audet
Chairman
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Ryan Brown
Grow Pros MMP Inc. President
(613) 421-8402