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Invested in Richmont Mines $RIC ? Did you know Monarques $MQR.ca acquired all Richmont’s Quebec assets #Gold #Mining

Posted by AGORACOM-JC at 5:21 PM on Thursday, September 14th, 2017

Monarquesgold hub large

MQR: TSX-V

Highlights of the main transaction

  • Monarques will acquire all of Richmont’s mining assets, properties and claims in Quebec.
  • Monarques will become the owner and operator of the Beaufor mine and the Camflo mill.
  • Monarques to retain Richmont’s highly experienced Quebec-based site teams.
  • Richmont will hold a 19.9% interest in the Corporation, inclusive of a $2.0 million investment by Richmont.

Great Atlantic Receives Diamond Drilling Permits Golden Promise Gold Property in Central Newfoundland

Posted by Er at 7:52 AM on Thursday, September 14th, 2017

 

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg

  • Permit allows for up to 8,000 meters of drilling and 48 drill holes
  • First phase of drilling scheduled in early October, focusing on the Jaclyn Main Zone
  • Zone has been traced for 450 meters and locally to a vertical depth of 175 meters

VANCOUVER, BC / ACCESSWIRE / September 14, 2017 / GREAT ATLANTIC RESOURCES CORP. (TSX-V.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received a permit for diamond drilling from the Newfoundland and Labrador Dept. of Natural Resources for its Golden Promise Gold Property in central Newfoundland. The permit allows for up to 8,000 meters of drilling and 48 drill holes. This permit expires on July 26, 2018. Multiple gold bearing quartz veins occur within the permit area including the Jaclyn Main, Jaclyn North, Jaclyn South and Jaclyn West Zones. The Company is planning to commence the first phase of drilling in early October, focusing on the Jaclyn Main Zone and area east of and along strike of the Jaclyn North Zone, including areas of high grade gold bearing quartz boulders.

To view Map 1, please click the following link:
https://www.accesswire.com/uploads/GA1.png

  • To view Map 2, please click the following link:
    https://www.accesswire.com/uploads/GA2.png

    Phase I drilling will include the Jaclyn Main Zone, located in the northern region of the property. Most of the historic work was conducted at the Jaclyn Main Zone. A National Instrument 43-101 compliant inferred resource of 921,000 tonnes at an average grade of 3.02 g/t Au (89,500 ounces contained gold) was reported in 2008 for the Jaclyn Main Zone. Gold recovery from a reported 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t Au. The average tails grade for the sample was reported to be 1.12 g/t Au. A “back-calculated head grade of 5.59 g/t Au” was reported for the bulk sample. The Jaclyn Main Zone has been reportedly traced for a strike length of approximately 800 meters (northeast to east striking) through trenching and diamond drilling to approximately 420 meters vertical depth.

    To view Jaclyn Main Zone – 2010 Bulk Sample Area, please click the following link:
    https://www.accesswire.com/uploads/GA3resize.jpg

    The second area of focus during Phase I drilling is the Jaclyn North Zone, reported approximately 250 metres north of the Jaclyn Main Zone. Drill holes are planned to test the extension of Jaclyn North Zone along its projected strike to the east. Recent trenching in this area revealed thick overburden (predominantly greater than 3 or 4 metres in recent trenches). Gold bearing angular quartz bounders were discovered in till within these trenches including multiple high grade boulders in one trench approximately 260 meters east of the eastern-most historic Jaclyn North drill hole. Grab samples of boulders from this trench returned 31.96, 78.05, 163.99 and 332.67 g/t gold (9.7 oz./ton gold) (News Release of August 31, 2017). The area of this particular trench is a high priority target for the Company and will be tested during the Phase I drilling.

    The northeast striking Jaclyn North Zone has been reportedly traced by diamond drilling (13 holes) for approximately 450 meters and locally to a vertical depth of 175 meters. The zone is reported to contain 3 quartz veined sub-zones. Reported drill intersections include (core length):

    • GP03-32: 12.13 g/t Au / 0.35m & 12.30 g/t Au / 0.30m
    • GP07-76 (Upper Sub-zone): 11.28 g/t Au / 0.30m
    • GP06-51 (Middle Sub-zone): 5.24 g/t Au / 1.70
    • GP06-47 (Lower Sub-zone): 15.23 g/t Au / 0.30m
    • GP10-103: 6.19 g/t Au / 0.35m

    To view Map 3, please click the following link:
    https://www.accesswire.com/uploads/GA4.png

    The 2008 NI 43-101 Technical Report states the style of veining, mineralization, alteration, host rock and tectonism at Golden Promise most closely resembles other turbidite-hosted (or slate belt) gold deposits throughout the world.

    Access is excellent with a paved provincial highway transecting the property. The property is located near the town of Badger and approximately 50 kilometres northeast of the Valentine Lake Property of Marathon Gold Corp.

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

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

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

 

 

Eloro $ELO.ca Resources receives drill permit at La Victoria $TTC.ca

Posted by AGORACOM-JC at 9:15 AM on Tuesday, September 12th, 2017

Image result for eloro resources

  • Received its permiso para inicio de las actividades de exploracion (drilling permit) 
  • Authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru

ELORO RESOURCES RECEIVES DRILLING PERMIT FOR THE LA VICTORIA GOLD/SILVER PROJECT DRILL PROGRAM

Eloro Resources Ltd.’s wholly owned Peruvian subsidiary Compania Minera Eloro Peru SAC has received its permiso para inicio de las actividades de exploracion (drilling permit) that authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru.

The Drilling Permit is the final requirement to obtain the water permit. The ANA (Peru Water Authority) has already carried out its Property inspection and is now reviewing Eloro’s application. In the meantime, field crews are now proceeding with preparation of the approved drill sites and carrying out improvements to the existing public trail system.

“We are delighted to be on the verge of drilling the La Victoria Gold/Silver Project’s Rufina zone”, said CEO Thomas G. Larsen, “This zone has never been drill-tested even though significant gold mineralization outcrops at surface. Our fall 2016 IP/Res survey identified a large spatially-correlated chargeability and resistivity area beneath the Rufina zone which also will be tested.”

Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Eloro commented: “Recent geological work indicates that the mineralized target zone in Victoria-Victoria South which is up to 200 metres wide extends south for at least 2 kilometres along strike and likely connects with the Rufina zone. This is part of an extensive multi-phase epithermal gold-silver mineralizing system on the La Victoria property centred around the Puca Fault and environs (see press release August 8, 2017). We plan to carry out an aggressive drill program at Rufina while at the same time proceeding with drill permit applications for the other major target areas.”

The Rufina zone is located within the district of Huandoval where Eloro has good social support. District authorities are also favourable to economic development in partnership with the mineral exploration industry. Eloro currently has 14 Huandoval employees working for the IP/Res survey operating within the new Victoria-Victoria South discovery area.

With the award of an option to earn 25% of the Property to EHR Resources Ltd (ASX:EHX) through its Peruvian subsidiary EHR del Peru S.A.C., Eloro is fully financed to carry out the drilling at Rufina. A contract has been signed with Energold Drilling Peru S.A.C., for up to 5000 metres of NTW diamond drilling. The portable drill rig employed by Energold can be readily moved by existing public trails and requires only minimal drill pad preparation.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Peru and Quebec. Eloro owns a 100% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Tahoe’s La Arena Gold Mine. The Property consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

Dr. Bill Pearson, P.Geo., a Qualified Person in the context of NI 43-101 has reviewed and approved the technical content of this news release.

We seek Safe Harbor.

Opawica Explorations Inc. $OPW.ca Announces Appointment of Mr. David Taylor as President, CEO and Director

Posted by AGORACOM-JC at 10:04 AM on Monday, September 11th, 2017

Opw

  • Announces the appointment of Mr. David Taylor as President, Chief Executive Officer and a Director of the Company

Vancouver, British Columbia–(September 11, 2017) – Opawica Explorations Inc. (TSXV: OPW) (the “Company”) announces the appointment of Mr. David Taylor as President, Chief Executive Officer and a Director of the Company.

Mr. Taylor has over 25 years experience in financial markets in Asia, the USA and Canada. His experience includes securing finance personnel in Tokyo and the recruiting of executives for firms such as Morgan Stanley, JP Morgan, Credit Suisse and Goldman Sachs.

He has held positions with Thomson Reuters (Tokyo) in marketing US software products to clients such as The Bank of Japan, LTCM (Tokyo), and Bank of Tokyo-Mitsubishi, as well as Private Equity benchmarking contract with the Japanese government, Ministry of Economy, Trade and Industry.

Mr. Taylor has worked in San Francisco, CA, where he managed relationships with Private Equity Firms in the Western USA, focused on Californian Venture Capitalists. In 1996, Mr. Taylor and his team launched the first Venture Capital database for the US National Venture Capital Association (NVCA), and he was instrumental in the research and coordination of clients such as Intel Capital, In-Q-Tel, Accel Partners, Kleiner Perkins, and Microsoft Ventures.

Mr. Taylor was a member of a boutique provider of alternative asset management applications for domestic and international institutions and family offices. His clients included the Rockefeller Foundation, CALPERS, CALSTERS, UTIMCO, Princeton University, Stanford University, Cascade Investments (Bill and Melinda Gates Foundation), MSD Capital (Michael Dell), Mousse Capital (Chanel Family) and the Hewlett Foundation.

In 2007, Mr. Taylor founded a financial advisory service which evolved into an Exempt Market Dealer (EMD), one of the first in British Columbia. Using this EMD platform he conducted financings and marketing Canadian junior companies in the resource and technology sectors. He holds a BBA in Business Administration from Simon Fraser University.

Mr. Ferdynand (Fred) Kiernicki has resigned as President and Chief Executive Officer but will remain as a director and exploration contractor of the Company.

The Company has allocated 1,019,000 incentive stock options to directors and consultants of the Company that are exercisable at $0.07 per share for a one year term, in accordance with the Company’s stock option plan.

PRIVATE PLACEMENT

Pursuant to the Company’s proposed private placement to raise gross proceeds of up to $1,200,000 that was announced on August 15, 2017, the Company announces an amendment to the allocation of units proposed to be issued. The Company proposes to raise up to $800,000 through the sale of up to 16,000,000 non flow-through units priced at $0.05 (the “NFT Units”) and up to $400,000 through the sale of up to 5,000,000 flow-through units priced at $0.08 (the “FT Units”). Each NFT Unit consists of one common share and one half of a share purchase warrant, with each whole warrant (the “Warrant”) exercisable into one further common share at a price of $0.10 for a term of one year. Each FT Unit consists of one flow-through common share and one half of a share purchase warrant, with each whole Warrant exercisable into one further common share at a price of $0.10 for a term of one year.

The Warrants will contain an accelerated expiry clause such that, in circumstances where the closing price of the shares of the Company on the TSX Venture Exchange is $0.15 or greater for a 20 day consecutive trading period, they will expire if not exercised 14 days following the 20 day trading period. The accelerated expiry clause will be in effect after the initial four month hold period has elapsed.

ABOUT OPAWICA EXPLORATIONS INC.

Opawica Explorations Inc. is a junior resource company engaged in the acquisition, exploration and evaluation of gold and base metal mineral properties in Canada. The Company owns 100% interest subject to certain royalties in the Bazooka gold property located in the Beauchastel Township approximately seven kilometres southwest of Rouyn-Noranda, Quebec. The Bazooka property comprises seven contiguous kilometres of strike length along the prolific Abitibi Gold Belt on the Cadillac Larder Lake Break. The eastern border of the Bazooka gold property adjoins Yorbeau Resources Inc.’s (“Yorbeau”) Rouyn property that is actively being explored by Kinross Gold Corporation under an option agreement (see Yorbeau press release dated October 25, 2016). The western border of the Bazooka gold property adjoins Richmont Mines Inc.’s Wasamac gold property (~3 million ozs Au resources). The Company also holds 100% interest in the McWatters gold property which is contiguous to the eastern border of Yorbeau’s Rouyn property, and the Arrowhead gold property in the Joannes Township, Quebec.

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

FOR FURTHER INFORMATION CONTACT:

David Taylor
President and Chief Executive Officer
Opawica Explorations Inc.
Mobile: 778-318-8186
Email: david@opawica.com

Head Office
Telephone: 604-681-3170
Fax: 604-681-3552

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.

BREAKING NEWS – Monarques Gold $MQR.ca Enters Into a Definitive Agreement to Acquire All the Mining Assets of Richmont Mines $RIC in the Province of Quebec

Posted by AGORACOM-JC at 7:24 AM on Monday, September 11th, 2017

Monarquesgold hub large

This transformative transaction will position Monarques to become a gold producer

Highlights of the main transaction

  • Monarques will acquire all of Richmont’s mining assets, properties and claims in Quebec.
  • Monarques will become the owner and operator of the Beaufor mine and the Camflo mill.
  • Monarques to retain Richmont’s highly experienced Quebec-based site teams.
  • Richmont will hold a 19.9% interest in the Corporation, inclusive of a $2.0 million investment by Richmont.

Other related transactions

  • Monarques has completed a subscription receipt offering of $6,525,251 of a maximum of $10,000,000 with investors that include Richmont ($2.0 million), the Fonds de solidarité FTQ ($1.0 million) and Probe Metals ($0.6 million).
  • Monarques has entered into a US $4 million credit facility with Auramet International LLC.
  • Following the closing of the transaction with Richmont, Monarques will divest the Courvan property to Probe Metals for $400,000 in cash.

Monarques’ profile after the transaction

  • A gold producer with the Beaufor Mine (gold production of 19,562 ounces in 2016; source Richmont 2016 annual report) located in one of the best mining jurisdictions in Canada.
  • A large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and eight exploration projects covering more than 240 km2 in the Abitibi region.
  • Upside potential and leverage to the gold price with the Wasamac project.
  • NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 1.76 million ounces and inferred resources of 1.67 million ounces (see table below).
  • Over 150 highly experienced, qualified employees will join the Monarques team.
  • A strong financial position, with over $12 million in cash and cash equivalents.

MONTREAL, Sept. 11, 2017 /PRNewswire/ – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that it has entered into a definitive agreement with Richmont Mines Inc. (“Richmont”) (TSX – NYSE: RIC) pursuant to which Monarques will acquire all of Richmont’s mining assets in Québec (the “Transaction”).  The assets acquired consist of all of Richmont’s mineral claims, mining leases and mining concessions, including the Beaufor mine, the Chimo , Monique and Wasamac properties and all the issued and outstanding shares of Usine Camflo Inc., as well as all mills, buildings, structures, equipment, inventory and property.

In consideration, Monarques will issue a number of shares equating to 19.9% of its undiluted issued and outstanding common shares. The number of shares will be calculated immediately following the closing of the Transaction and will include the shares issued in connection with the private placement of subscription receipts subscribed to by Richmont.

In addition, Monarques will assume responsibility for the future amount payable to the Ministry of Energy and Natural Resources for the Beaufor mine, Camflo mill and Monique mine rehabilitation plans, estimated at approximately $5 million, should the facilities be closed.

Lastly, the following net smelter return royalties will be payable by Monarques to Richmont:

  • 1.5% for the Wasamac property, of which 0.5% can be bought back for $7.5 million;
  • 1.0% on Richmont’s claims in the Camflo property; and
  • 1.0% on the Beaufor property once Monarques has produced 100,000 ounces of gold, subsequent to the close of the Transaction.

Monarques reserve and resource estimates post-transaction*

December 31, 2016

Tonnes
(metric)

Grade
(g/t Au)

Ounces

Beaufor Mine1

Proven Reserves

32,000

6.77

7,010

Probable Reserves

171,500

6.87

37,910

Total Proven & Probable Reserves

203,500

6.86

44,920

Measured Resources

53,000

6.27

10,700

Indicated Resources

300,000

7.57

73,000

Total Measured & Indicated Resources

353,000

7.37

83,700

Inferred Resources

36,000

6.44

7,500

Croinor Gold Mine2

Proven Reserves

68,625

6.25

13,789

Probable Reserves

472,909

6.85

104,081

Total Proven & Probable Reserves

541,534

6.77

117,870

Measured Resources

80,100

8.44

21,700

Indicated Resources

724,500

9.20

214,300

Total Measured & Indicated Resources

804,600

9.12

236,000

Inferred Resources

160,800

7.42

38,400

Simkar Gold property3

Measured Resources

33,570

4.71

5,079

Indicated Resources

208,470

5.66

37,905

Total Measured & Indicated Resources

242,040

5.52

42,984

Inferred Resources

98,320

6.36

20,103

Wasamac property1

Measured Resources

3,124,500

2.75

276,550

Indicated Resources

12,127,000

2.89

1,125,700

Total Measured & Indicated Resources

15,251,500

2.86

1,402,250

Inferred Resources

18,759,000

2.66

1,605,400

TOTAL

Proven & Probable Reserves

162,790

Measured & Indicated Resources

1,764,934

Inferred Resources

1,671,403

* Transaction includes the Monique property which has historical resources of 107,500 tonnes at 4.88 g/t Au.

1 Source: Richmont 2016 annual report

2 Source: Monarques prefeasibility study (October 7, 2014) and resource estimate (November 6, 2015)

Source: MRB et Associés (January 2015)

 

Related transactions

1) $6,525,251 million private placement of subscription receipts

Monarques has closed a non-brokered private placement of 15,786,431 subscription receipts (the “receipts”) priced at $0.35 each for gross proceeds of $6,525,251. Each receipt will be exchangeable without further consideration or action for one common share of the Corporation at the close of the Transaction. Richmont subscribed for $2.0 million of receipts, the Fonds de solidarité FTQ subscribed for $1.0 million and Probe Metals Inc. (“Probe Metals”) subscribed for $0.6 million.

The receipts and underlying securities issued pursuant to the private placement will be subject to a hold period of four months and one day. Richmont’s interest in Monarques will also be subject to a one-year lock-up provision.

The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2017, the organization had $13.1 billion in net assets, and through its current portfolio of investments has helped create and protect 186,440 jobs. The Fonds is a partner in more than 2,700 companies and has 645,664 shareholder-savers. Please visit fondsftq.com for more information.

2) US $4 million credit facility with Auramet International LLC

Monarques intends to close a senior secured gold loan agreement with Auramet International LLC providing the Corporation with access to a US $4 million credit facility. Auramet and Monarques have entered into a definitive Term Sheet, due diligence has been completed and the parties are currently documenting the loan. The loan will be repaid in 12 installments of ounces of gold commencing on October 31, 2017, and expiring on September 30, 2018, inclusive. The total number of ounces will be calculated based on the gold price at the closing of the agreement. The loan will be guaranteed by the Corporation’s subsidiaries, namely X-Ore Resources, Beacon Gold Mill Inc. and Camflo Mill Inc.

3) Sale of the Courvan property to Probe Metals

Finally, the Corporation has signed an agreement with Probe Metals which will see Monarques sell its full interest in the Courvan property in consideration for a cash payment of $400,000. This transaction will be completed following the close of the Transaction with Richmont.

“This transformative transaction is a major milestone for Monarques, positioning the Company to achieve the coveted status of gold producer,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We are very pleased to have Richmont as a significant shareholder, and we look forward to benefitting from their long history and experience as a successful underground gold miner. We are also extremely pleased to welcome Monarques’ 150 future employees, with whom we look forward to having a successful and rewarding relationship with. Monarques will have a much larger profile following the transaction, with a strong portfolio of mining assets in the Abitibi that includes the Beaufor Mine, the Camflo and Beacon mills, the Wasamac and Croinor Gold advanced projects, and eight other high-quality exploration projects. Furthermore, we will be well positioned financially to move forward with expanding our gold production and developing our mineral resources for the benefit of our shareholders.”

These transactions are expected to close on or about September 30, 2017, and are subject to customary closing conditions, including regulatory and government approvals.

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

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation is an emerging gold producer aiming to achieve ongoing growth through its large portfolio of high-quality gold projects in the Abitibi region of Quebec, Canada. The Corporation currently has approximately 200 km² of  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 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

BREAKING – Sprott Mining $SII.ca And Sheldon Inwentash $IDK.ca Bring Artificial Intelligence To #Gold Exploration – MUST WATCH!

Posted by AGORACOM-JC at 12:18 PM on Friday, September 8th, 2017
ThreeD Capital Announces Its Artificial Intelligence Investment, GoldSpot Discoveries, Reports Major Milestone At Sprott Mining Majority Owned Jerritt Canyon Project

    • ThreeD Capital (IDK:CSE), Led By Legend Sheldon Inwentash, Owns 22% Of Artificial Intelligence Company, Goldspot Discoveries (A Private Company)
    • Goldspot Artificial Intelligence Has Proven Ability To Significantly Improve Mineral Exploration & Drill Targeting
    • Sprott Mining Engaged Gold Spot Discoveries To Use AI On Jerritt Canyon Project (Nevada) Results Exceeded All Expectations.

If  You Are Looking For A Small Cap Artificial Intelligence Investment, Consider

ThreeD Capital, Led By Sheldon Inwentash.

JERRITT CANYON PROJECT – USING ARTIFICIAL INTELLIGENCE TO IDENTIFY THE MOST PROSPECTIVE TARGETS

    • Hosted a historical resource of 12Moz Au with over 9Moz of past production.
    • Jerritt asked Goldspot to assess 30 years of data in order to assist with continued exploration.
    • Goldspot consolidated over 30 years of mining, and exploration data into one comprehensive geological model.
    • As a result, Goldspot was able to identify target zones with the highest prospectivity potential.

Took 5 months to accomplish what would have taken years by a team of geologists

READ PRESS RELEASE

WATCH EXCLUSIVE AGORACOM VIDEO – BEYOND THE PRESS RELEASE

 

Seabridge Gold $SA $SEA.ca Just Announced Excellent Results Next to American Creek’s $AMK.ca Treaty Creek JV Project in B.C.’s Golden Triangle #Gold

Posted by AGORACOM-JC at 11:14 AM on Thursday, September 7th, 2017

Hublogolarge2 copy

  • B.C.’s Golden Triangle proven to host one of the greatest concentrations of metal value on the planet Wwith over 83.7million ounces gold, 627.8 million ounces silver and 38.8 billion pounds copper so far (all categories)
  • That’s just in its southern half which also hosts the Brucejack Mine (Pretivm) which started its production of 8.1 million ounces @ 16.1g/t

B.C.’s Golden Triangle is fast becoming one the richest areas of discovery in the world. The Crown Jewel of the Golden Triangle is a hydrothermal system (one of the seven largest in the world) that has proven to host one of the greatest concentrations of metal value on the planet with over 83.7million ounces gold, 627.8 million ounces silver and 38.8 billion pounds copper so far (all categories). That’s just in its southern half which also hosts the Brucejack Mine (Pretivm) which started its production of 8.1 million ounces @ 16.1g/t in May 2017 and the KSM (Seabridge) which contains the largest undeveloped gold deposit in the world by reserves – 38.8 million ounces gold with 10.2 billion pounds of copper.

American Creek’s Treaty Creek property covers the northern half of the hydrothermal system; and the geology,geophysics, and exploration results all indicate the potential to host a continuation of the mineralization already proven the southern half.

Yesterday Seabridge Gold announced the first round of diamond drill assays from their 2017 KSM exploration which were the best drill results they’ve had yet. How do these results have the potential to not only be a game-changer for the KSM, but for the extensive drill program currently on the Treaty Creek property?

CLICK HERE TO FIND OUT.

Note: This is not a press release but discusses the implications of the Sept 6, 2017 press release of Seabridge Gold Ltd.

$NSM.ca Northern Sphere Mining Corp. Announces Approval for Listing on the OTCQB

Posted by Er at 10:23 AM on Thursday, September 7th, 2017

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  • United States  symbol “NSMCF” effective September 7, 2017.
  • Increases its potential audience of international investors
  • NSM currently is currently drilling 2 properties in Canada & US

Toronto, Ontario–(Newsfile Corp. – September 7, 2017) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“Northern Sphere” or the “Company”) is pleased to announce that the Company’s common shares have been approved for trading on the OTCQB Venture Market (the “OTCQB”) in the United States under the symbol “NSMCF” effective September 7, 2017.

Listing on the OTCQB is part of Northern Sphere’s overall strategy to increase its potential audience of international investors. It will provide the Company with a significant trading platform for its current shareholders and future investors from the U.S. and internationally.

The OTCQB is the ideal marketplace for emerging U.S. and international companies. To be eligible for the OTCQB, companies must be current in their reporting obligations with the U.S. Securities and Exchange Commission, meet a minimum price bid test and undergo an annual verification and management certification process. These quality standards and appropriate regulations coupled with a solid technical platform provide investors with a high level of confidence and enhance their trading experience.

Northern Sphere will continue to trade on the Canadian Securities Exchange under its current symbol “NSM”.

About Northern Sphere Mining Corp.

Northern Sphere is dedicated to growth through the acquisition and development of mining assets, with an emphasis on near term production opportunities. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

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

For further information, please contact:

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

$GGX.ca COD vein intercept of 16.3M of 4.59 g/t Gold and 38.64 g/t Silver

Posted by Er at 9:27 AM on Thursday, September 7th, 2017

GGX Gold Drill Intercepts The COD Vein,  Greenwood BC

  • Gold Drop Southwest Zone, Phase 1 Diamond Drill Program
  • Hole COD17-14 returns 4.59 g/t Gold & 38.64 g/t Silver over 16.03 meters
  • Aug 28, 2017  core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver

    Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce it has received analytical results for the second batch of drill core samples from the Phase I diamond drilling program at the Company’s Gold Drop Project near Greewood, BC.  GGX is currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for over 160 meter strike length. The second batch of drill core samples returned significant gold and silver values including a broad intersection in hole COD17-14 (grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters).

     

    The Company had previously received analytical results for 68 trench channel samples. These samples returned anomalous to high grade values for gold, including high values of 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 2017). The first batch of drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News release of Aug 28, 2017).

     

    To view the graphic in its original size, please click here

     

    The Phase I drilling program aimed to delineate the COD Vein in the Gold Drop Southwest Zone from 5 pad locations along the North-south trench.  The drilling tested the vein along 80 meters of strike length. The drilling commenced south of the C.O.D. mine shaft and progressed systematically to the north.  The Phase I drilling totaled 15 holes (691 meters). The objective of the drilling was to determine depth and the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel samples. Drilling to date has confirmed the vein to a vertical depth of 150 feet (46.36 meters), being open at depth.

     

    To view the graphic in its original size, please click here

     

    Drill core is being geologically logged and sampled at the Greenwood facility. The core samples are sawn in half and stored in a secure location. Core samples are being delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The second batch of samples was also analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.

     

    To view the graphic in its original size, please click here

     

    The analytical results listed below are from holes COD17-10 to COD17-14, testing the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold, Silver grade is reported in grams per tonne (g/t). The intervals listed below are from the gold and silver bearing vein and adjacent low grade mineralized envelopes.  The sampling also revealed other intervals with low grade gold (up to 0.4 g/t gold over 1 meter) in veining and / or host rock.

     

    HOLE ID Core interval Length (m) Au g/t weighted average Ag g/t weighted average
    COD17-10 5.45 0.47 4.31
    including 0.27 5.85 63.3
    COD17-11 3.45 1.15 7.31
    including 1.00 2.13 8.61
    COD17-12 2.68 1.03 13.78
    including 0.79 2.89 28.6
    COD17-13 3.32 1.19 11.68
    including 0.67 4.97 51.2
    COD17-14 16.03 4.59 38.64
    Including 5.97 10.96 89.86
    including 0.56 38.4 339
    including 0.60 24.5 257

     

    Hole COD17-14 intersected a broader zone of veining and gold and silver mineralization grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meter core length. Core intervals with the silver-grey mineral that was speculated to be the gold/silver telluride Calaverite have returned significant levels of gold and silver. The two higher grade samples from COD17-14 listed in the preceding table also returned higher tellurium values of 211 g/t (0.56 meters) 140 g/t (0.60 meters).

     

    To view the graphic in its original size, please click here

    Quartz veins in COD17-14

     

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

     

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

     

    On Behalf of the Board of Directors,

    Barry Brown, Director

    604-488-3900

     

    Investor Relations: 

     

    Mr.  Jack Singh: 604-720-6598

    E-mail: ir@ggxgold.com

     

     

    “ We don’t have to do this, we get to do this ” 

    The Crew

     

    To view the graphic in its original size, please click here

     

    Forward Looking Information

     

    This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

     

    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

    To view this press release as a PDF file, click onto the following link:
    public://news_release_pdf/GGXgold09072017_0.pdf

    Source: GGX Gold Corp. (TSX Venture:GGX, OTC Pink:GGXXF)

Monarques Gold $MQR.ca Intersects a New Zone at Depth on Croinor #Gold #Mining

Posted by AGORACOM-JC at 9:07 AM on Thursday, August 31st, 2017

Monarquesgold hub large

  • New results confirm that the Croinor Gold deposit remains open at depth and along strike.
  • Hole CR-17-547 intersected 5.22 g/t Au over 3 metres (10 feet) at a depth of 594 metres, including 8.41 g/t Au over 1 metre (3 feet)
  • The best result intersected 10.50 g/t Au over 1.5 metres (5 feet) in a 3.1-metre (10 feet) wide vein at a depth of 341 metres.

MONTREAL, Aug. 31, 2017  MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report new results from its 2017 drilling program on Croinor Gold. The objectives of the drilling on the Croinor Gold deposit are: (1) to validate the geological interpretation and orientation of the mineralized zones and (2) to discover new zones at depth.

Holes CR-17-543 and CR-17-547 both met the two program objectives. The holes were drilled on Section 620W (see section). Hole CR-17-543 supports the presence of four sheared, sericitized corridors hosting quartz-tourmaline veins with economical gold grades (see table below), once again supporting the close link between the sericite and the gold content of the veins. This new hole also suggests that the dips in the western sector are steeper.

Hole CR-17-547, which totalled 654 metres, crossed several mineralized corridors, as well as a new zone at a vertical depth of 560 metres grading 5.22 g/t Au over 3.0 metres, including 8.41 g/t Au over 1 metre. This new zone has the same alteration characteristics and contains quartz-tourmaline veins with visible gold at the south contact of the diorite. The hole was collared on Section 620W and ended at Section 600W, and intersected the diorite, which hosts the mineralization, between 294 and 599 metres.

The drill results are summarized in the following table.

Hole

From
(m)

To
(m)

Length
(m)

Au
(g/t)

CR-17-543

98.0

100.0

2.0

1.47

CR-17-543

145.7

152.8

7.1

1.49

including

146.7

150.0

3.3

2.21

CR-17-543

163.0

166.2

3.2

2.55

including

165.0

166.2

1.2

6.25

CR-17-543

171.0

184.5

13.5

2.24

including

171.0

172.9

1.9

5.44

including

177.0

178.3

1.3

4.31

including

180.5

184.5

4.0

3.44

CR-17-543

212.0

213.8

1.8

0.94

CR-17-543

407.0

412.0

5.0

0.46

CR-17-547

315.0

317.0

2.0

0.76

CR-17-547

325.5

328.5

3.0

1.09

CR-17-547

339.4

342.5

3.1

5.43

including

341.0

342.5

1.5

10.50

CR-17-547

388.0

389.0

1.0

1.44

CR-17-547

418.5

424.5

6.0

1.69

including

418.5

419.8

1.3

5.62

including

423.2

424.5

1.3

1.90

CR-17-547

587.0

589.2

2.2

1.11

CR-17-547

594.0

597.0

3.0

5.22

including

594.0

595.0

1.0

8.41

 

True width corresponds to approximately 60% of core length.

“Hole CR-17-547 supports what we have always believed: that the Croinor Gold deposit is open at depth and along strike,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Each new hole adds to our understanding of the deposit, and indications are that we are using the appropriate controls for the mineralization. Our strategy is to continue testing the mineralization at depth and to drill a few holes at the east and west ends of the deposit. We will also do infill drilling on the Croinor Gold deposit in areas where we have insufficient data in order to increase the indicated resource of the zones of the block model.”

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

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

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold 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.

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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