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FEATURE: Grizzly Discoveries (GZD-TSX-V) – More than 9 million oz Au produced or as resources nearby $GZD.ca

Posted by AGORACOM-JC at 10:30 AM on Tuesday, May 9th, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

  • World class gold and base metal deposits in British Columbia; and diamonds in Alberta.
  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Holds, or has an interest in, metallic and industrial mineral permits for potash totalling more than 364,000 acres along the Alberta-Saskatchewan border
  • Four precious-base metal properties in British Columbia totalling over 235,000 acres. Grizzly also currently holds more than 231,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement

EXPLORATION HIGHLIGHTS

  • Drillholes with up to 31.1% K2O results from assays on recent Grizzly drill program
  • Historic Unity Potash Mine 45 km east of existing GZD lands
  • Agrium Vanscory Potash Mine 200 km east of GZD lands
  • Significant Potash in drill core or indicated by gamma logs at depths ranging from 1,060m to 1,675m
  • Temperatures at those depths range from about 50oC to 75oC. Optimal temperature for solution mining is approximately 75oC.

POTASH DEMAND AND GROWTH

  • According to industry estimates, Canada has Potash resources of 7.3 billion tonnes – roughly 52% of the world’s supply.
  • Currently 11 mines in Saskatchewan produce the majority of Canada’s 35% contribution to the world’s annual production.
  • The arable land per person in the world is declining, and weather patterns are becoming more volatile and extreme, fuelling demand for Potash which increases the yield per acre approximately 40%.

BC PRECIOUS METALS

Greenwood Gold District

Portions of Grizzly’s Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia by incurring US$3 million in exploration expenditures over a 5 year period. By the second anniversary of the agreement, 750 metres of diamond drilling must be completed along with US$750,000 in expenditures by September 23, 2017.

 ALBERTA DIAMONDS

  • Following 12 drill holes, 3 new diamond bearing kimberlites were discovered in 2008 at the Buffalo Head Hills property.
  • Grizzly has more than 200,000 acres surrounding Diamondex & Shore Gold in the Buffalo Head Hills.
  • Two kimberlite pipes look very promising and need bulk sampling which is being planned for future dates due to Grizzly’s current potash focus.
  • Land rights are valid for 2 to 5 years based on existing development work done on properties by Grizzly.

Buffalo Head Hills Diamond Property, Alberta
A Renewed Interest in diamonds

Renewed interest in diamond exploration during 2015 and 2016 has prompted re-evaluation of Grizzly’s Buffalo Head Hills Diamond Project in north-central Alberta, which is located approximately 330 kilometres northwest of Edmonton and is easily accessed during summer and winter by a large network of roads and cutlines. Based upon an internal review of all data, the Company has staked additional permits of highly prospective lands for diamond-bearing kimberlites in the Buffalo Head Hills area. Grizzly’s total land position includes 11 permits that encompass approximately 220,000 acres.

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FORUM: Explor Resources Inc (EXSFF) Why Explor.. Why Now. $EXS.ca

Posted by AGORACOM-JC at 6:01 PM on Monday, May 8th, 2017

Exs logo

Rouyn-Noranda, Canada  – Having invested in many GOLD based Junior exploration companies over the past 35 years, I’ve created a personal set of criteria which has worked very well for some time now. Firstly, of course, is where we are in the GOLD cycle? On a daily basis, I read the thoughts, insights & opinions of a variety of GOLD experts. I tend to largely overlook mainstream media in my decision making, as that reporting is generally ‘after the fact’. At this moment, my research suggests GOLD is going considerably higher. Blah, blah, blah…yes, very true, we have seen a number of ‘false’ starts, most notably the Brexit upward surge, that got knocked back overnight. However, based on GOLD’s thirty-year history, a more permanent surge seems inevitable, considering Sovereign Debt levels; the impact of suggested interest rate increases; the Chinese plan toward a GOLD backed currency; and an elevated GOLD accumulation strategy by many of the most savvy investors in the world. Given I have held the view that USD$2,000 GOLD has been on the horizon for some time, why did I decide on EXS/EXSFF/E1H1 as my ‘flagship’ investment? Initially, a very dear friend brought the Company to my attention. More importantly, all the experts agree the greatest return on investment in a bull GOLD environment, is in the small cap, GOLD exploration sector, especially in a Company with great assets.

I visited the Company’s website www.explorresouces.com & discovered that this overlooked equity held ten GOLD & three Base Metals property groupings, predominantly along the GOLD rich Porcupine Destor Fault in northern Ontario & Quebec. Two of their properties have been developed to the point that NI 43-101 reports provide resource estimates. In my experience, I had never seen such a small company, with so many properties of merit. I then spoke directly with President & CEO Chris Dupont, a Mining Engineer with over 40 years of mining & exploration experience, and was deeply impressed with his detailed knowledge about every parcel of land in the Company’s portfolio.

As I’ve taken advantage of every weakness in the stock price to add to my position, I’ve stayed in touch with Dupont, and a variety of third parties, in an effort to keep all shareholders informed on an ongoing basis. Most recently, I’ve mentioned a proposed drilling program at the Company’s East Bay property block, near Duparquet, Quebec. Using the latest, most sophisticated geophysics technologies, a short list of promising targets has been established. The Company is hoping to begin drilling by mid June, which should get the attention of IAMGOLD, adjacent both to the east & west of the East Bay grouping. Further, progress has been made at the PG-101 property, and the Company is optomistic some drilling may take place in the near future. Recently completed geophysics have identified a number of very promising targets. I’ve also heard a rumour that the long-awaited drilling results from the January/February program on the properties north of the Glencore Kidd VMS Mine may have been processed by the lab. I’m hopeful Explor will put out a News Release shortly. Dupont has always been adamant about the ‘cluster effect of Volcanogenic Massive Sulphide (VMS) deposits’, and, encouraged by the discovery of exhalite on four separate occasions now, I’m certain the search will continue. Additionally, the status of the TPW GOLD Deposit remains a conundrum. Other than the obvious interest in the deposit, and its perceived potential by TAHOE, & by GOLDCORP (who hold a 3% Net Smelter Return on the property), I haven’t been able to get anything further on plans moving forward.

Lastly, I’m hearing an updated video interview with Dupont should be available within the next couple of weeks.

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:

Zim Pupedis
Shareholder
Email: zimmer.447@gmail.com
Phone: 604-997-8175

BIG Potential in the newest, well-connected explorer in the Val d’Or-Abitibi Camp $MQR.ca

Posted by AGORACOM-JC at 9:35 AM on Saturday, April 29th, 2017

(Click on image to read entire article)

Opawica Explorations Announces Purchase of Bazooka West Gold Property for 100% Ownership of Seven Contiguous Kilometres of Cadillac Larder Lake Break $OPW.ca

Posted by AGORACOM-JC at 5:10 PM on Friday, April 28th, 2017

Opw

  • Exercised its option to acquire 100% interest in the Bazooka West property located in Beauchastel Township, Quebec, from Globex Mining Enterprises
  • Bazooka East and West gold properties combine for a total strike length of approximately seven kilometres along one of the most prolific auriferous structures in the world, the Cadillac Larder Lake Break

Shares for Services Agreement With AGORACOM

VANCOUVER, BRITISH COLUMBIA-(April 28, 2017) – Opawica Explorations Inc. (the “Company”) (TSX VENTURE:OPW) announces that pursuant to its news releases dated August 2, 2016 and January 30, 2017, the Company has exercised its option to acquire 100% interest in the Bazooka West property located in Beauchastel Township, Quebec, from Globex Mining Enterprises Inc. (“Globex”), for consideration of a final option payment of $30,000 cash and 500,000 common shares of the Company which are subject to a four month hold period expiring August 22, 2017. Globex retains a 3% Gross Metal Royalty (“GMR”) with the Company retaining the right to purchase 1% of the GMR for $1,000,000 within five years.

The Bazooka East and West gold properties combine for a total strike length of approximately seven kilometres along one of the most prolific auriferous structures in the world, the Cadillac Larder Lake Break (“CLLB”). Opawica’s collective 100% ownership, subject to various underlying royalties, of these properties will now be referred to as the Bazooka Gold Property (the “Property”).

To date only 800 metres of strike length has been tested by limited shallow drilling and small mining activities undertaken in the early 1950’s through a 115 metre deep shaft on the Bazooka Gold Property. This outlines approximately six kilometres of untested strike length and the entire seven kilometres of the Bazooka Gold Property is open to depth for gold exploration.

The eastern border of Opawica’s Bazooka Gold Property adjoins Yorbeau Resources Inc.’s (“Yorbeau”) Rouyn Property that is currently under option for Kinross Gold Corporation (“Kinross”) to purchase a 100% interest for consideration that includes C$12 million in certain exploration expenditures and a single cash payment of US$25,000,000, plus 2% of the prevailing gold price multiplied by the number of ounces in measured, indicated and inferred resources identified in a resource estimate to be completed on the Rouyn Property (see Yorbeau press release dated October 25, 2016). In addition, the western border of the Bazooka Gold Property adjoins Richmont Mines Inc.’s Wasamac gold property (~3 million ozs Au resources).

All of these properties are within 10 kilometres of the Rouyn-Noranda mining camp and are located on, or near, the CLLB. The 220 kilometre length of the CLLB, and areas in general proximity thereto, between Matachewan, Ontario to Val D’Or, Quebec have yielded over 125 million ounces of gold from production and existing gold resources.

SHARES FOR SERVICES AGREEMENT WITH AGORACOM

The Company has entered into an online marketing and advertising agreement (the “Agreement”) with Agora Internet Relations Corp. (“AGORACOM”) for a one year term ending April 30, 2018. The Company expects to receive significant advertising exposure over the next 12 months through many content brand insertions on the AGORACOM network and extensive search engine marketing.

As compensation for the services to be provided, AGORACOM will receive $45,000 plus applicable HST and payment will be made by the issuance of common shares at a deemed price per share to be determined after the date the services are provided during the year. AGORACOM will be paid $9,000 plus applicable HST in value of shares upon commencement of the Agreement on May 1, 2017, and thereafter will receive $9,000 plus applicable HST in value of shares at the end of each quarter with the final share payment to be made on April 30, 2018. The shares issued to AGORACOM will be subject to a four month hold period from the date of each issuance of shares.

The Agreement and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange.

Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.

For more information, please visit the Company’s website at www.opawica.com.

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

Forward-looking Statements

Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are approximate and are “forward-looking statements” within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as adverse market conditions, mechanical failure, unavailability of parts, labor disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties may not achieve any category of resource(s). The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold, equity markets or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news release or future releases will lead to the identification of a deposit that can be mined economically, and further work is required to identify resources and reserves. We seek safe harbour.

Fred Kiernicki
President and Chief Executive Officer
Opawica Explorations Inc.
604-681-3552
604-681-3170

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

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

INTERVIEW: Monarques Gold discusses Gold Bug results of 17.1 g/t Au over 5.9 metres $MQR.ca

Posted by AGORACOM-JC at 9:15 AM on Wednesday, April 5th, 2017

American Creek Provides Update on Joint Venture Partner Tudor Gold’s Treaty Creek Project Progress $AMK.ca

Posted by AGORACOM-JC at 9:13 AM on Wednesday, April 5th, 2017

Hublogolarge2 copy

  • Provided update outlining the significant progress and future 2017 plans at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project

CARDSTON, ALBERTA–(April 5, 2017) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that operator Tudor Gold Corp. (“Tudor”) has provided an update outlining the significant progress and future 2017 plans at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.

Tudor, in yesterday’s news release, provided background, summarized 2016 exploration progress and developments, and outlined the main goals for the 2017 Treaty Creek program (click here for Tudor news release).

Significant achievements in 2016 included:

  1. Successfully conducting an MT survey over a large portion of the property utilizing the exact same technology (and same geophysicist) that was key to the discovery of Seabridge’s several deposits located immediately to the south of the Treaty Creek property.
  2. Significantly expanding the known gold zone around American Creek’s previous Copper Belle discovery hole.

Regarding the success of the MT survey, Tudor included the following in their news release:

The current understanding of the model generated by the 2016 MT survey suggests these things:

  1. The geology underlying the encouraging assays generated by the 2007, 2009, and 2016 drilling in the Copper Belle zone extends over a larger area than has yet been tested through diamond-drilling. The survey suggests the mineralization in the Copper Belle zone might extend for as much as seven hundred meters in the near-surface zone (less than 600 m depth), at it might extend for up to one kilometer at greater depths,
  2. The geology underlying the encouraging assays generated by the 2007 and 2009 drilling in the GR2 zone extends over a larger area than has yet been tested through diamond-drilling and might extend for several hundred meters,
  3. The geology underlying the encouraging assays generated by the 2007, 2009, and 2016 drilling in the Copper Belle zone extends towards the Seabridge Gold Iron Cap deposit.

Regarding Tudor’s 2017 Treaty Creek exploration goals, Tudor included the following in their news release:

  1. Carry out diamond drilling in the Copper Belle zone to both the south and north of prior drilling with the goal of developing a preliminary resource estimate for a low-grade bulk deposit along a strike length of approximately 1000 m,
  2. Carry out diamond drilling in the GR2 zone with the goal of determining how much further drilling or other exploration is required to develop a preliminary resource estimate for that zone, and
  3. Carry out diamond drilling to confirm that the mineralization in the Copper Belle zone extends towards the adjacent Seabridge Gold Inc. Iron Cap deposit.

The precise details of how these drilling programs will be carried out are still being developed.

In addition to these drilling programs, Tudor Gold is also considering further exploration work in the Konkin Gold zone where early exploration produced grab samples, chip samples and trenching samples carrying in excess of 28 ounces of gold per tonne (these historical results are taken from a 1987 Assessment Report submitted to the provincial government by Mr. Cremonese, P. Eng., president of Teuton Resources Corp.; these historical results have not been independently verified by Tudor Gold). Tudor Gold is of the view that further exploration work will be beneficial in understanding the geology and mineralization of the Konkin Gold zone.

Darren Blaney, President and CEO of American Creek stated: “Tudor’s 2016 work at Treaty was a great success and really sets the stage for future advancement including Tudor’s stated goal of developing a Copper Belle preliminary resource estimate in 2017. We are excited about the plans being formulated for the upcoming season. Further adding to the excitement is Seabridge Gold’s plan to conduct an extensive drill program on the Deep Iron Cap zone following up on their spectacular drill hole IC-16-62 from last summer. The Iron Cap is within 1 km of the claim boundary of the Treaty Creek property.”

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

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three “Golden Triangle” gold/silver properties; the Treaty Creek and Electrum joint ventures with Tudor as well as the 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King.

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.

Kelvin Burton
403-752-4040
info@americancreek.com
www.americancreek.com

Monarques Gold intersects 17.1 g/t Au over 5.9 metres (19.4 feet) on Gold Bug (Croinor Gold) $MQR.ca

Posted by AGORACOM-JC at 2:00 PM on Tuesday, April 4th, 2017

Drilling confirms that the shear corridor is mineralized over a width of 15 metres, to a vertical depth of at least 115 metres

MONTREAL, April 4, 2017MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce the results of drilling in the Gold Bug area, which lies less than 500 metres from the Croinor Gold deposit.

The 2017 drilling program on Gold Bug was aimed at testing the gold-bearing potential of the zone discovered by the Corporation in January, when Hole CR-16-521 returned an intersection of 8.41 g/t Au over 25 metres (see press release dated January 24, 2017).

Drilling has confirmed that the shear corridor contains anomalous to economic gold grades over a width of about 15 metres, to a vertical depth of at least 115 metres. Hole CR-17-532 intersected 6.96 g/t Au over 15 metres (see plan view), including 17.1 g/t Au over 5.9 metres. That intersection, as well as those from Holes CR-17-526 and CR-17-533, confirms that the shear corridor intersected near surface in Hole CR-16-521 is about 15 metres wide. In addition, Holes CR-17-527 and CR-17-528 returned 0.27 g/t Au over 8.6 metres (from 101.1 to 109.7 metres) and 0.97 g/t Au over 6.7 metres (from 158.1 to 164.8 metres), respectively, demonstrating that the shear corridor extends to a vertical depth of approximately 115 metres. The shear corridor remains open along strike and at depth.

“The results for Gold Bug show increasingly attractive economic gold potential due to the width and depth of the gold-bearing structure discovered in January,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We believe that this area could eventually add to the resource for the Croinor Gold project. A key advantage at Gold Bug is that the structure lies close to surface, and could therefore be mined more easily, at a lower cost. This area will remain a high-priority drill target, with further testing of the structure along strike and at depth.”

The following table shows the results for the 2017 drilling program on Gold Bug:

Hole

From (m)

To (m)

Length (m)

Au (g/t)

CR-17-526

   Including

35.8

41.0

51.2

44.2

15.4

3.2

0.69

2.49

CR-17-527

   Including

101.1

101.1

109.7

104.8

8.6

3.7

0.27

0.45

CR-17-528

   Including

158.1

159.5

164.8

161.9

6.7

2.4

0.97

1.73

CR-17-529

166.3

168.3

2.0

0.10

CR-17-530

106.7

107.7

1.0

0.37

CR-17-531

   Including

43.9

49.3

49.8

49.8

5.9

0.5

0.29

2.22

CR-17-532

   Including

21.0

21.0

36.0

26.9

15.0

5.9

6.96

17.07

CR-17-533

   Including

43.3

46.3

61.9

49.5

18.6

3.2

0.63

2.04

 

The widths shown are core lengths; true width cannot be estimated. High grades were cut to 70 g/t, which is the cutoff grade used to calculate the resource estimate for the Croinor Gold deposit.

The technical and scientific content of this press release has been reviewed and approved by Donald Trudel, P.Geo., B.Sc., the Corporation’s Qualified Person under National Instrument 43-101.

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

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.

(Watch our latest Corporate Video)

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services. Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Monarques Gold Corporation

 

To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/April2017/04/c5950.html

Jean-Marc Lacoste, President and CEO, 1-888-994-4465 x 201, jm.lacoste@monarquesgold.com, www.monarquesgold.comCopyright CNW Group 2017

Explor closes a first tranche of a maximum of $1 million private placement in flow-through shares $EXS.ca

Posted by AGORACOM-JC at 4:20 PM on Friday, March 31st, 2017

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  • Announced the closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000
  • The first tranche of the Private Placement closed on March 30, 2017 consists in the sale of 5,294,000 flow-through shares for an aggregate subscription of $449,990

ROUYN-NORANDA, QUEBEC–(March 31, 2017) – Explor Resources Inc. (TSX VENTURE:EXS) (OTCQB: EXSFF) (FRANFURT:E1H1) (BERLIN:E1H1) (“Explor” or the Corporation) announces the closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000 (the “Private Placement“). The first tranche of the Private Placement closed on March 30, 2017 consists in the sale of 5,294,000 flow-through shares for an aggregate subscription of $449,990.

The net proceeds from the Private Placement will be incurred by the Corporation in exploration expenditures on mining properties located in the province of Québec.

In connection with the Private Placement, the Corporation will pay to an arm’s length finder, finder’s fees representing a cash amount equal to 8% of the subscribed amount through the finder, and non-transferrable finder’s warrants entitling to purchase such number of common shares of the Corporation equal to 8% of the aggregate number of shares subscribed through the finder. These finder’s warrants will be exercisable at a price of $0.085 per common share, up to 24 months from the closing date.

The securities issued pursuant to the first closing of the Private Placement are subject to a hold period of four months and a day ending July 31, 2017. The Private Placement is subject to the final approval of the TSX Venture Exchange.

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

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

About Explor Resources Inc.

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

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

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

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

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

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

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

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