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Durango to Drill Test NMX East Lithium Project $DGO.ca

Posted by AGORACOM-JC at 10:30 AM on Wednesday, January 18th, 2017

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  • Planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone

Vancouver, BC / January 18, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone.

On January 17th, 2017 Nemaska Lithium announced “With the Doris zone discovery in late fall it is prudent to consider the possible impact of its eastward continuance…” In the news release of November 28th, 2016, Nemaska Lithium stated, “the Doris zone, contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke.” “Doris appears to run parallel to main zone which extends for 1.2km to the northeast.”

Durango’s 100% wholly owned NMX East ground adjoins Nemaska Lithium on the eastern perimeter where Nemaska Lithium’s Doris zone remains open, less than 1.5km from the proposed mining pit. Durango’s geological team confirmed a pegmatitic intrusion running parallel to Nemaska Lithium’s main zone where it tested positive for anomalous Lithium and rubidium as per the news release on September 21, 2016. A map of the zones comparative with Nemaska Lithium Inc. may be viewed on the Durango website.

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 the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

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, but not limited to timing of mineral resource estimates, 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.

INTERVIEW: American Creek Discusses Treaty Creek JV Project Within Same Region as Pretivm’s Brucejack $AMK. Ca $PVG.ca

Posted by AGORACOM-JC at 9:21 AM on Monday, January 16th, 2017

  • American Creek Resources is a precious metals exploration company with an impressive portfolio of high-potential gold and silver projects in British Columbia.  These include properties in B.C.’s prolific Golden Triangle, one of the richest areas of mineralization in the world.
  • Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Hub On AGORACOM / Corporate Profile / Watch Interview

AMENDED: HPQ Silicon Receives 43-101 Report on Beauce Gold Property and Prepares For Spin Out And Dividend In Q1 $HPQ.ca

Posted by AGORACOM-JC at 4:59 PM on Friday, January 13th, 2017

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  • Received required 43-101 Tech report for Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets
  • Project holds the largest historical placer gold deposit in eastern North America
  • Spin out and dividend Expected by March 31, 2017

Montreal, Quebec / January 13, 2017 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to update shareholders regarding the status of its gold asset spinoff, as well as, announcing it has received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets.

UPDATE – SPIN OUT AND DIVIDEND OF BEAUCE GOLD FIELDS EXPECTED BY MARCH 31, 2017

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders.

The Company will transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc., then dividend out 80% of the Capital of the subsidiary to its shareholders.

In order for the final transfer of Beauce from HPQ, the following steps have been taken:

1. An independent board of directors of the subsidiary Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc is in the process of being named. The new Board will be able to approve gold property transactions between Beauce and HPQ.

2. The Company has completed the required Listing Statement and prescribed documentation that will be submitted to the Canadian Securities Exchange (CSE) to be eligible for listing on the Exchange.

3. The completion of a new 43-101 on Beauce for the purposes of designating it the Property Of Merit for the new company.

HPQ-Silicon is aiming to have the spinoff completed and dividend shares of the new subsidiary delivered to shareholders during Q1 2017.

Bernard Tourillon, chairman and chief executive officer of HPQ Silicon stated: “We are very excited that the spin-out is nearing completion. We have seen a resurgence in the values of high quality gold projects and, given the fact the Beauce Gold project holds the largest historical placer gold deposit in eastern North America, we believe an independently traded Beauce Gold Fields will unlock meaningful value for our shareholders. Moreover, a singularly focused HPQ will provide an optimal environment to complete our goal of becoming the lowest cost producer of solar grade silicon metal on the planet.”

Beauce Gold 43-101 Technical Report

As part of the listing application documentation, the preparation and filing of a new 43-101 Qualification Technical report on the Beauce Gold property was required for it to become the Property Of Merit to Beauce Gold Fields.

The Company has received a 43-101 Technical report on the Beauce Gold property by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview of the geology and of all historical and current exploration work. He concludes that in addition to the residual-alluvial mining potential for which the property is advanced in the permitting process, the Beauce Gold Project is a property of merit with a significant potential for the discovery of primary gold mineralization related to the source of the alluvial-residual deposits of the Gilbert River drainage. In the past, because of the relative ease of accessibility of the gold in this environment and the inexperience of the successive owners and operators with hard rock mining, this potential has been neglected. Further exploration is recommended to be carried-out by Beauce Gold Field Inc.

About The Beauce Gold Property

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

-Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce Gold project

-Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3). Potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource

-Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.

-176 acres of real estate 100% owned by HPQ Silicon

-Property held four historical gold mining operations

-Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

Mr. Benoit Violette, P. Geo is the Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com

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.

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

HPQ Silicon Receives 43-101 Report on Beauce Gold Property and Prepares For Spin Out And Dividend In Q1 $HPQ.ca

Posted by AGORACOM-JC at 9:59 AM on Friday, January 13th, 2017

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  • Received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets
  • Spin out and dividend of Beauce Gold Fields Expected by March 31, 2017

January 13, 2017 / Montreal, Quebec, Canada HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to update shareholders regarding the status of its gold asset spinoff, as well as, announcing it has received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets.

UPDATE – SPIN OUT AND DIVIDEND OF BEAUCE GOLD FIELDS EXPECTED BY MARCH 31, 2017

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders.

The Company will transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc., then dividend out 80% of the Capital of the subsidiary to its shareholders.

In order for the final transfer of Beauce from HPQ, the following steps have been taken:

1. An independent board of directors of the subsidiary Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc is in the process of being named. The new Board will be able to approve gold property transactions between Beauce and HPQ.

2. The Company has completed the required Listing Statement and prescribed documentation that will be submitted to the Canadian Securities Exchange (CSE) to be eligible for listing on the Exchange.

3. The completion of a new 43-101 on Beauce for the purposes of designating it the Property Of Merit for the new company.

HPQ-Silicon is aiming to have the spinoff completed and dividend shares of the new subsidiary delivered to shareholders during Q1 2017.

Bernard Tourillon, chairman and chief executive officer of HPQ Silicon stated: “We are very excited that the spin-out is nearing completion. We have seen a resurgence in the values of high quality gold projects and, given the fact the Beauce Gold project holds the largest historical placer gold deposit in eastern North America, we believe an independently traded Beauce Gold Fields will unlock meaningful value for our shareholders. Moreover, a singularly focused HPQ will provide an optimal environment to complete our goal of becoming the lowest cost producer of solar grade silicon metal on the planet.”

Beauce Gold 43-101 Technical Report

As part of the listing application documentation, the preparation and filing of a new 43-101 Qualification Technical report on the Beauce Gold property was required for it to become the Property Of Merit to Beauce Gold Fields.

The Company has received a 43-101 Technical report on the Beauce Gold property by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview of the geology and of all historical and current exploration work. He concludes that in addition to the residual-alluvial mining potential for which the property is advanced in the permitting process, the Beauce Gold Project is a property of merit with a significant potential for the discovery of primary gold mineralization related to the source of the alluvial-residual deposits of the Gilbert River drainage. In the past, because of the relative ease of accessibility of the gold in this environment and the inexperience of the successive owners and operators with hard rock mining, this potential has been neglected. Further exploration is recommended to be carried-out by Beauce Gold Field Inc.

About The Beauce Gold Property

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

  • -Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce Gold project-Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3)-Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.-176 acres of real estate 100% owned by HPQ Silicon-Property held four historical gold mining operations-Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com

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.

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

Documents for AIM Exploration Inc. (USA) and AIM Exploration SA (Peru) and Prina Energy (India) have been completed and attested by the respective governments $AEXE.us

Posted by AGORACOM-JC at 3:31 PM on Thursday, January 12th, 2017

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  • Legal documents for both AIM Exploration Inc. (USA) and AIM Exploration SA (Peru) and Prina Energy (India) have been completed and attested by the respective government agencies
  • Documents are in Dubai and have been submitted to MOFA (Ministry of Foreign Affairs) in Dubai for final attestation.
  • High demand Continues for Anthracite Coal

HENDERSON, NV / January 12 , 2017 / AIM Exploration Inc. (OTCQB: AEXE) is excited to announce that all legal documents for both AIM Exploration Inc. (USA) and AIM Exploration SA (Peru) and Prina Energy (India) have been completed and attested by the respective government agencies. The documents are in Dubai and have been submitted to MOFA (Ministry of Foreign Affairs) in Dubai for final attestation.

This is the final step required before being submitted to the DMCC in Dubai to set up the joint venture marketing arm for AIM Exploration Inc. The company is expected to be named AIM Exploration DMCC.

Once this is set up, AIM will be well positioned to commence the marketing which AIM is positioned to execute. Mr. Karan Dhaliwal, CEO of Joint Venture company AIM Exploration DMCC, has been in Dubai working diligently to get all of this accomplished. As soon as the joint venture corporation is in place, it is expected that AIM will move very quickly to secure long-term contracts to supply high-grade anthracite coal to companies that have shown a great deal of interest in working with AIM.

We welcome our audience to view our website: http://aimexploration.com

And we also welcome people to follow our twitter feed at www.twitter.com/aexeqb, which has 5000 followers and growing. “This gives us indication that clean energy is a global concern and enforces our belief that that is why we need to carry out our objective of mining clean high BTU anthracite coal,” says J.R. (Bob) Todhunter.

About Aim Exploration:

The Company is a Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. Putting this into perspective, 1,000 hectares is 3 times the size of Central Park. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTCQB: AEXE).

Forward-Looking Statements

Certain information set forth in this press release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions, and beliefs, which may prove to be incorrect. the Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability. Also, please provide additional disclosure of the increased uncertainty and the specific economic and Some of the forward-looking statements may be identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “projects,” “plans,” “targets,” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.

Contact:

info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexedb
Website: www.aimexploration.com
AIM Exploration Inc.
J.R. (Bob) Todhunter

American Creek Reports on JV Partner Tudor Gold’s Electrum Project Bulk Sample with 539 g/t Ag With 2.82 g/t Au and 1.97% Zn $AMK.ca

Posted by AGORACOM-JC at 9:20 AM on Thursday, January 12th, 2017

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  • Tudor Gold Corp.  has released the final results of the 2016 exploration program conducted at the Electrum Project JV located in northwest BC’s “Golden Triangle” near Stewart
  • Bulk Sample with 539 g/t Ag With 2.82 g/t Au and 1.97% Zn

CARDSTON, ALBERTA–(Jan. 12, 2017) - American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that Tudor Gold Corp. (“Tudor”) has released the final results of the 2016 exploration program conducted at the Electrum Project JV located in northwest BC’s “Golden Triangle” near Stewart.

Background

The Electrum project is a 60:40 joint venture between Tudor (as operator) and American Creek. The Electrum property is located directly between the past producing Silbak Premier mine some 25 Km south and Pretium Resources’ Brucejack deposit some 20 Km to the north (currently under development with production targeted for 2017). Within that same area are several other past producing mines as well as new projects undergoing exploration. One small area of the Electrum property itself includes the site of the historic East Gold mine which was mined by hand between 1939 and 1965, and which produced 3,816 oz of gold and 2,442 oz of silver from 45 tons of hand selected ore (BC Ministry of Mines Assessment Report 30206); mining operations ceased with the unfortunate and untimely death of the mine operator. More recently, the Scottie Gold mine operated from 1981 to 1985 approximately five kilometers from the Electrum property. The current owners of the Scottie Gold mine, Rotation Minerals Ltd., note on their website that the mine “milled vein material averaging 16.20 g/t gold, producing 2,967,748 grams of gold (95,426 ounces gold) from 183,147 tonnes of mineralization” (these historic production values have not been independently verified).

Tudor was attracted to the Electrum property by the presence of a complex system of mineralized fault structures within which are networks of gold and silver bearing quartz veins. The gold and silver typically occurs within these veins as electrum, a naturally occurring amalgam of both metals.

The complexity of both the fault structures and the vein networks make it very difficult to specifically target the veins of gold and silver bearing materials using conventional surface-based exploration techniques such as diamond drilling or magnetotelluric surveys. With that in mind, Tudor set out to develop an exploration program which includes sub-surface exploration techniques and which targets mineralization rather than just vein structures. In this way, Tudor will gain a better and more useful understanding of the overall geology of the property.

The success of the East Gold mine demonstrates that the mineralized fault material is accessible using conventional underground mining systems and practices. The cost of either rehabilitating the East Gold mine or opening new adits is, however, prohibitive at this stage of the project’s development. Tudor is instead focused on a scalable bulk sampling program which would, if warranted, conclude with the development of an open-cut mine of sufficient size to generate both a return for shareholders and financing for further exploration on the property. As with other properties in this area of the “Golden Triangle”, an open-cut mine could be carried out in association with related conventional underground mining.

Tudor’s exploration programs and long-term planning take into account two of the key economic advantages of the Electrum property; it is within 4 kilometers of a power-line, and the property is adjacent to an established haul road leading to the bulk terminal and deep-water port at Stewart.

2016 Exploration Program

The exploration program achieved the following three goals set for the 2016 field season:

  1. Diamond drilling aimed at furthering the exploration work previously carried out by American Creek,
  2. Trench sampling of a newly discovered mineralized surface exposure in what is now referred to as the “New Blast Zone”, and
  3. Collection and analysis of a 4 tonne bulk sample from the New Blast Zone.

In addition to the work aimed at achieving these goals, work carried out during the 2016 field season included the construction of temporary (removable) bridges and the stabilization and improvement of road access to ensure safe and efficient access to the property.

2016 Diamond Drilling

Nineteen drill holes totaling 1,406 meters were completed. A total of 1492 core samples were collected and assayed. The 2016 drilling program was carried out to extend and expand on the drilling programs carried out by American Creek in previous years. The results of the 2015 American Creek drilling program included these findings previously released by American Creek:

Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
EL15-02 9.0 10.0 1.0 1.04 78.0
EL15-03 16.5 17.5 1.0 6.09 242.0
EL15-04 32.0 33.0 1.0 6.76 38.0
EL15-05 28.0 29.0 1.0 1.31 189.0
35.0 36.0 1.0 6.93 62.0
EL15-07 13.0 14.0 1.0 14.65 22.0
14.0 15.0 1.0 6.59 461.0
35.0 36.0 1.0 3.47 58.0
EL15-08 1.0 2.0 1.0 1.05 89.0

One of the key goals of both the American Creek and Tudor drilling programs was to confirm that mineralized exposures visible on the surface carried on at depth below the surface. The results of these drilling programs do suggest that, as expected, mineralization carries on at depth.

Of particular interest, holes TG16-13-UTM, TG16-14-UTM, and TG16-15-UTM reveal sub-surface mineralization in the area generally below the newly identified “New Blast Zone”. Because of the complexity of the fault structures in this area, however, Tudor is currently unable to state with the certainty required by NI 43-101 that the sub-surface mineralization confirms the presence of an unbroken, continuous zone of mineralization linking these drill holes with the surface mineralization.

Trench Sampling

As noted in the Tudor news release issued September 12, 2016, a trenching program was carried out on the New Blast Zone. The program targeted a vein system which is infilled with a fine-grained blackish, blue-grey mineralization. The structure includes wide sharp edged quartz fragments in a foliated sulphide-quartz-carbonate matrix; the sulphides are pyrite, pyrrhotite, with thin galena/silver seams.

Twelve representative specimens were collected across the vein structure. Assays of those specimens yielded averages of 3,461.92 grams (111.30 oz) silver per tonne and 2.24 grams gold per tonne. Complete results of the trench sampling may be found in the noted news release on the Tudor website at www.tudor-gold.com.

Four Tonne Bulk Sample

Following the success of the trench sampling program, a 4 tonne bulk sample was collected from the New Blast Zone. The sample was collected utilizing localized blasting resulting in an exposed face of approximately 120 square meters, and a total rubble pile of approximately 600 cubic meters, from which was selected approximately 4 tonnes of representative material.

The collected bulk material was then crushed to a size of “3 inch minus” using a crusher at a quarry in Mission, British Columbia. The crushed material was then provided to ALS Global’s metallurgical laboratory (‘ALS’) in Kamloops, BC for metallurgical processing and testing. The processing included the use of rod and ball mill grinding followed by both floatation and gravity separation. The resultant material was then analyzed in four separate test runs over four consecutive days. The overall results of the analysis are set out in the following table:

Au (g/t) Ag (g/t) PB (%) Zn (%) Sulphur (%)
2.82 539 1.96 1.97 13.8

As with the trenching program, Tudor is very encouraged by these results. A complete description of the processing and testing employed by ALS will be added to the Tudor website at www.tudor-gold.com.

2017 Exploration Program

Tudor is satisfied that the results of the 4 tonne bulk sample program, together with all previous exploration work on the property, justifies scaling up the exploration program on the Electrum property. Tudor is satisfied that all of these results justify long-term planning based on an assumption that currently known mineralization on the property has the potential to support a modest sized open-cut mine that can be scaled up as further exploration dictates.

Subject to obtaining all necessary permits and financing, the current plan for the 2017 field season is to carry out the largest possible bulk sample program along with an as yet to be determined amount of diamond drilling.

The anticipated bulk sample program will utilize commercially available mining equipment commonly used in open-pit mining. Blasting will be carried out with the use of track-mounted drills, and on-site crushing will be carried out with the use of track-mounted crushers. It is anticipated that crushed, mineralized material will be hauled to Stewart and from there it will be transported to an appropriate smelter for final processing.

Walter Storm, Tudor President and CEO, stated: “We are very pleased with the results of the work on the Electrum this summer. Not only have we confirmed and increased the known mineralized gold and silver zones, we have also begun to develop a much better understanding of the geology of the property and we are satisfied that we have a proper basis for expanding our exploration program.”

Darren Blaney, American Creek CEO stated: “We are very pleased with what Walter and the Tudor team have accomplished with this initial program. The bulk sample results are very encouraging and indicate the future potential of the property. We are very much looking forward to 2017.”

The Qualified Person for the Electrum property and the technical data in this new release is James McCrea, P. Geo. for the purposes of National Instrument 43-101.

American Creek also has other projects in BC’s prolific “Golden Triangle” including the Treaty Creek Project which is a joint venture between Tudor, American Creek and Teuton Resources Corp. and the 100% owned Dunwell property package which encompasses the past producing Dunwell gold/silver mine.

Information relating to the Corporation is available on its website at www.americancreek.com.

Cautionary Statements regarding Forward-Looking Information: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements including, without limitation, statements relating to the potential mineralization and geological merits of the Electrum property and other future plans, objectives or expectations of the Company are forward looking statements that involve various risks and uncertain ties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly 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 otherwise required by applicable securities legislation.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
info@americancreek.com
www.americancreek.com

INTERVIEW: Liberty Star Provides Part 2 of Year End Update – $LBSR.us

Posted by AGORACOM-JC at 4:54 PM on Wednesday, January 11th, 2017

Liberty Star Uranium & Metals Corp. (LBSR: OTCBB) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Currently the company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

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Explor Announces Multiple Copper Zones Grades Up to 3.65% Cu Over 5.35 Meters on the Chester Copper Property $EXS.ca

Posted by AGORACOM-JC at 5:02 PM on Tuesday, January 10th, 2017

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  • 12 Diamond Drill Holes completed on the Chester Copper Property
  • 3.65% Cu Over 5.35 Meters
  • increase in strike length of the known mineralization from 500 to 750 meters

ROUYN-NORANDA, QUEBEC–(Jan. 10, 2017) - Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce further results from the 12 Diamond Drill Holes completed on the Chester Copper Property. The Chester Copper property is located in the Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, New Brunswick, within the Bathurst Mining Camp. This area has an extensive history in base metal production from VMS deposits.

There has been very little exploration work in this area of the Bathurst Mining Camp (BMC) since the initial exploration more than 60 years ago. Of significance also is the fact that three (3) age date studies of the rock in the area since 2005 have indicated an age of 469+/- 0.3 ma. All of the main largest VMS deposits in the BMC (including BMS #12 and #6, the Caribou Deposit (currently being developed by Travalli) and the past producing Heath Steele Mines, are associated with this age date for the footwall felsic rocks. That new data in 2007 places Explor’s Chester deposit is in the same time frame as the Brunswick Mining No. 12 and No. 6 deposits located in the BMC.

New Brunswick is the home of the No 12 massive sulphide deposit (The Brunswick Deposit) which was in continuous production from 1964 to its closure in March of 2013 (to Feb 2013, 135,903,168 tonnes milled at 3.44 % Pb, 8.74 % Zn, 0.37 % Cu and 102 g/t Ag). The Brunswick deposits (No 6 and No 12) are situated in the Nepisiguit Falls Group of rocks in the Lower Tetagouche group of the BMC. There are 46 known VMS deposits in the BMC.

The property is located in the southern-most part of the Bathurst Mining Camp and consist of 174 Mineral Claim Units within a total of five (5) Mineral Claims (1571, 2428, 6003, 6005 and 7045) comprising approximately 3,828 hectares as shown on the attached map.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of multiple copper mineralized zones in each of the holes drilled is very significant in terms of exploration. The increase in strike length of the known mineralization from 500 to 750 meters confirms the potential to significantly increase the resources on the property. The property continues to be open on strike to the west and Northwest.”

A total of 4 diamond drill holes were drilled on claim 1571. The first three diamond drill holes that were drilled were fan holes from the same location. This successfully tested the extension of the copper stringer zone for a distance of 250 meters west of previous drilling. The fourth drill hole was located approximately 100 meters west (and 38 meters south) of the first three drill holes, confirming the continuity of the mineralization to the west and Northwest and adding 250 meters of strike length to the known deposit. It intersected the target horizon and favorable geology from 49 meters to 172 meters.

Further to the west the copper deposit goes down dip and onto claim 6003. At about 1,100 meters west of the first drill hole, drill hole 6003-16-012 was drilled at a vertical dip. It eventually went to a depth of 600 meters and intersected previously unknown mineralization near surface (18 meters) and also extending the deep main Chester Stringer zone an additional 650 meters westward than any previous reliable drilling (i.e. casing in place and core in government storage). It also confirms the existence of the alteration zone and the host stratigraphic horizon to a depth not previously known or expected. The chloritized favorable horizon extends from a depth of 472.5 meters to 561 meters with low grade copper mineralization documented from 519 meters to 543 meters.

In the north part of claim 6003, an untested soil geochemical anomaly was tested. Copper mineralization was discovered as pyrrhotite and chalcopyrite veinlets in felsic volcanic associated with the soil anomaly. Copper mineralization was also discovered in this area in 2014 and a soil survey on claim 7045 to the west have unexplained copper and lead anomalies which may be associated with previously mentioned soil anomaly and this horizon.

To the south on Claim 6005, two drill holes were put down to test a soil anomaly apparently associated with a historical drill hole, dating to about the 1956 to 1958 era, with a reported value of more than 2% copper. No indication of any mineralization was discovered in the two drill holes.

Preliminary results are shown below for Hole # 1571-16-002:

Summary of Results From Drill Hole 1571-16-002
Zones From
(m)
To
(m)
Length
(m)
Au
(ppb)
Ag
(ppm)
Cu
(%)
Zn
(ppm)
Pb
(ppm)
1 49.40 49.73 0.33 41 2.70 1.820 269 67
2 51.45 52.30 0.85 49 2.40 1.240 284 80
3 77.85 84.30 6.45 65 3.35 1.53 438 57
includes 77.85 80.70 2.85 47 2.78 1.18 350 61
and 80.70 81.93 1.23 28 1.60 0.18 401 48
and 81.93 84.30 2.37 105 4.94 2.66 562 56
4 112.90 113.30 0.40 105 9.6 7.111 439 49
5 121.00 127.00 6.00 82 3.92 3.20 381 43
includes 121.00 125.10 4.10 114 4.99 4.26 469 43
or 124.10 125.10 1.00 289 10.10 10.23 1014 76
and 126.05 127.00 0.95 26 2.60 1.70 276 62
6 141.80 142.90 1.10 114 3.55 2.889 317 40
142.90 151.10 8.20 3,6 0.16 0.065 59 21
7 151.10 151.85 0.75 34 2.8 2.130 252 26
FW Zone 171.5 171.85 0.35 50 3.2 1.580 214 42

A total of 8 zones of copper mineralization were intersected in the above referenced Hole # 1571-16-002.

Preliminary results are shown below for Hole # 1571-16-003:

Summary of Results From Drill Hole 1571-16-003
Zones From
(m)
To
(m)
Length
(m)
Au
(ppb)
Ag
(ppm)
Cu
(%)
Zn
(ppm)
Pb
(ppm)
1 58.10 58.57 0.47 28 4 1.760 586 52
2 64.00 70.80 6.80 42 4.3 1.45 565 106
includes 64.00 67.10 3.10 39 6.0 2.09 660 186
or 65,50 67.10 1.60 75 11.5 4.05 1279 360
and 69,90 70.80 0.90 139 7.0 3.05 1033 58
3 77.70 78.60 0.90 76 2.4 1.220 328 44
4 112.65 112.85 0.20 60 6.7 4.330 592 42
5 115.25 120,60 5.35 64 4.9 3.65 445 49
includes 115.25 117.40 2.10 47 4.6 3.25 372 39
and 117.40 120.,60 3.20 76 5.2 3.97 501 56
FW Zone 157.30 158.85 1.55 343.10 15.00 13.20 995.00 91.13

A total of 6 zones of copper mineralization were intersected in the above referenced Hole # 1571-16-003. Samples have been sent to the lab and assays are pending.

The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).

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

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

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

About Explor Resources Inc.

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

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. 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.

To view the image associated with this press release, please visit the following link: http://media3.marketwire.com/docs/1082322a.pdf

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

Potential Chinese Coal Crackdown on North Korea Bodes Well For AIM Exploration AEXE.us

Posted by AGORACOM-JC at 10:30 AM on Monday, January 9th, 2017

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  • United Nations Security Council last week imposed fresh sanctions on North Korea, limiting its annual coal exports to 7.5 million tons, or a value of $400.9 million, after the isolated communist regime conducted a fifth nuclear weapons test
  • Significant for China’s imports of high-quality coal used to make steel, as North Korea is one of its top suppliers.

The already elevated price of coking coal could be boosted further if China decides to crack down on coal imports from its nuclear-armed neighbor North Korea.

The United Nations Security Council last week imposed fresh sanctions on North Korea, limiting its annual coal exports to 7.5 million tons, or a value of $400.9 million, after the isolated communist regime conducted a fifth nuclear weapons test.

This is significant for China’s imports of high-quality coal used to make steel, as North Korea is one of its top suppliers.

Chinese customs data show that China imported 18.517 million tons of North Korean coal in the first 10 months of the year, a gain of 12.8 percent on the same period last year.

The jump in imports from North Korea this year came in spite of earlier Chinese commitments to ban the coal trade with Pyongyang.

So far, the official line from Beijing is that China will meet its obligations under the UN Security Council sanctions, but as was the case earlier this year, it appears the commitment may not be absolute.

Earlier sanctions banning coal purchases from North Korea were not enforced by China due to an exemption allowing imports for what was translated as “the people’s well-being,” or “livelihood purposes.”

China’s Foreign Ministry said on Dec. 1 that while it will enforce the new measures, they aren’t intended to harm “normal” trade with North Korea or impact upon civilians.

“Resolution 2321 formulates new measures, showing the resolve of the Security Council, and also points out they must avoid creating adverse consequences for North Korean civilian and humanitarian needs, and are not intended to create negative effects on normal trade,” Foreign Ministry spokesman Geng Shuang said.

Once again, it will appear to come down to what Beijing considers adverse effects on the North Korean populace, and it seems that the Chinese authorities are leaving themselves some wiggle room around the sanctions.

Bullish coking coal signal

Certainly Chinese coal traders will be happy to be allowed to continue buying from North Korea once the new measures are put in place in January.

China is believed to be the only country that buys North Korean coal, which is the biggest export earner for the dynastic communist dictatorship.

Chinese customs data classifies North Korean coal as anthracite, which is a grade of coal high in energy content, making it ideal for use in the steel blast furnaces and ceramic factories in the northeast provinces close to North Korea.

Russia is the second-largest supplier of anthracite to China, but its 1.867 million tons in the first 10 months is barely 10 percent of what was imported from North Korea.

Rather, the main import competitor to North Korean anthracite is coking coal from Australia and Mongolia.

Chinese imports of Australian coking coal were up 11.3 percent in the first 10 months of the year to 23.45 million tons, while those from Mongolia surged 75.3 percent to 17.47 million tons.

Stronger steel production and a policy directive from Beijing to limit domestic coal output has combined to send coking prices sharply higher as China sucked up every available ton from the seaborne market.

Coking coal futures on the Dalian Commodity Exchange closed at 1,276 yuan ($185.46) a ton on Dec. 2, up 126 percent from the start of the year.

These gains have been tempered in recent weeks as the Beijing authorities took actions to try to cool commodity markets, with exchanges requiring higher margins and charging increased fees.

Australian coking coal prices ended last week at $308.70 a ton, about four times the $77 recorded at the end of last year.

With coking coal in strong demand in China, the potential loss of as much as 12 million tons of North Korean coal in 2017 would be a very bullish signal for prices.

It’s possible that Beijing will force domestic coking coal miners to ramp up output, and it’s also possible that imports from North Korean won’t be cut by as much as implied by the new UN sanctions.

But for now, coking coal’s extraordinary rally this year has just been given another reason to continue.
Source: Reuters – http://www.hellenicshippingnews.com/coking-coal-surge-may-extend-if-china-cracks-down-on-north-korea/

Namaste expands its customer list to over 250,000 individuals producing monthly traffic of nearly 600,000 site visits $N.ca

Posted by AGORACOM-JC at 5:40 PM on Friday, January 6th, 2017

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  • Expanded its customer list to over 250,000 individuals producing monthly traffic of nearly 600,000 site visits;
  • Expanded its portfolio to over 3,000 products from over 200 vendors and delivered these products to retail customers in 75 countries;
  • Expanded commercial relationships with Pax Labs, Firefly, eBay, VaporTown USA, and Inhalator

 

VANCOUVER, BRITISH COLUMBIA–(Jan. 6, 2017) - Namaste Technologies Inc. (“Namaste” or the “Company“) (CSE:N) (CSE:N.CN) (FRANKFURT:M5BQ) announces the filing of its annual audited financial statements, management discussion and analysis, and certification of the annual filings for the year ended August 31, 2016 (collectively, the “2016 Financials“). The Company also provides investors an overview of corporate activities and outlines objectives for 2017. The statements for the period can be accessed on SEDAR at www.sedar.com.

Operational Highlights

During the financial reporting period and year-to-date, the Company focused efforts on expanding its customer base, completing a public listing on the Canadian Securities Exchange, securing growth capital, bringing the latest vaporizer and accessory products to the global market, accelerating organic sales generation from more costly pay-per-click advertising, completing strategic partnerships and acquisitions, and expanding the management team and board. As a result of these focused initiatives, the Company achieved the following:

  • Expanded its customer list to over 250,000 individuals producing monthly traffic of nearly 600,000 site visits;
  • Expanded its portfolio to over 3,000 products from over 200 vendors and delivered these products to retail customers in 75 countries;
  • Expanded commercial relationships with Pax Labs, Firefly, eBay, VaporTown USA, and Inhalator;
  • Acquired the VaporSeller and URT1 Limited (“URT1″) assets;
  • Raised approximately $5.7 million; and
  • Appointed experienced members to the management team and board.

Financial Results

During the period from September 1, 2015 to August 31, 2016, the Company’s inbound organic revenue generation strategy produced e-commerce revenue of $3,488,902 and gross profit of $1,220,474 (including all transportation and shipping costs), resulting in a 32% gross profit margin. These financial results include revenues for a 47-day period from the VaporSeller asset acquisition, which produced revenue of $394,901. On a proforma basis, including the acquisition of assets relating to URT1 Limited during Q1 of fiscal 2017, management estimates the combined assets of Namaste, VaporSeller and URT1 generated revenue of $12,423,486. 2016 financial results include the following:

  • Revenue of $3,488,902 (2015 – $4,568,276), a decline of 23.6% as compared to the year ended August 31, 2015. This decline in revenue is due to a change in business model, from pay-per-click advertising to growing organic traffic through search engine optimization. Due to this change in strategy, the annual spending on advertising during the period was substantially reduced to $203,423 from $466,379 in the prior period, a reduction of 56% in total expenditure. Going forward, the Company’s investment of resources into this strategy will result in more sustainable and recurring revenue generation at a lower customer acquisition cost compared to utilizing pay-per-click advertising.
  • Cost of sales of $2,368,428 (2015 – $2,565,251), which resulted in a gross profit of $1,120,474 (2015 – $2,003,025). As a percentage of sales, the gross margin was 32% compared to 44% in the previous year. This reflects the acquisition of VaporSeller which generates lower gross margin sales. Going forward, the Company is optimizing its product mix to include higher margin glassware, private label products such as the Gurutm and related product accessories, products sourced from larger volume manufacturers, and driving higher average purchase prices from the acquisition of VaporSeller and URT1.
  • Operating costs of $3,286,666 (2015 – $1,414,157), an increase of 132%. This increase in operating costs includes non-cash, non-recurring and currency expenses of $1,372,505. These costs relate to the share issuance value associated with listing the Company on the Canadian Securities Exchange through a reverse takeover, share based compensation, legal expenses for listing the Company, financings and the acquisition of VaporSeller, and foreign exchange movements in the Company’s source currencies including the British Pound and Euro. After adjusting for these numbers, management estimates total operating costs of $1,914,161 for the period. In addition to these expenditures, the Company has also incurred costs associated with positioning the business for scalability and the administration of its public listing.
  • Comprehensive loss of $1,927,776 (2015 – profit of $355,230). This decrease in net income is attributable to the transition of the Company’s business model, decline in gross margin and increase in operating costs. Going forward, management anticipates sales growth to strengthen from organic revenue generation and completed acquisitions, cost of sales to reduce due to high volume purchases and optimization of the product portfolio, and operating costs to reduce as a result of normalized operations. The Company anticipates being profitable and cash flow positive in fiscal 2017.

2017 Corporate Objectives

In 2017, the Company will continue to focus on key objectives to deliver value to its shareholders. These objectives include the following:

  • Continue to focus on high growth markets and position the Company to capitalize on the destigmatization of cannabis in major markets including the US and Canada. Grow organic sales at greater than 30% year-over-year from current business efforts and reach portability;
  • Complete multiple strategic acquisitions that expand the Company’s geographical presence, product offering and e-commerce capabilities. Seamlessly integrate these acquisitions into existing operations.
  • Further enhance e-commerce systems and further streamline the Company’s analytical reporting capabilities. Utilize the latest technologies to provide in-depth information on consumer and industry buying trends.
  • Expand the Company’s board and management team with qualified professionals and further train and develop existing staff members. Generate a results driven corporate culture focused on shared objectives.

Cease Trade Order

As disclosed in the Company’s press release dated January 5, 2017, trading of the Company’s common shares has been halted pursuant to a cease trade order of same date (“CTO“) issued by the British Columbia Securities Commission (the “Commission“) under National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisidictions. The filing of the 2016 Financials constitutes the Company’s application for removal of the CTO and initiates the Commission’s review process. The Company will provide additional disclosure as and when information becomes available in respect of the Commission’s review process.

Management Commentary

Sean Dollinger, President and CEO of Namaste, comments: “2016 has been a transformation year for Namaste. Looking back at the accomplishments of our team and our goals for 2017, I see nothing but opportunity. The hallmark of our team’s execution capabilities has been based on defining attainable objectives, implementing the right strategy, focusing the right people on executing that strategy, and overcoming any challenges as a team. I would like to thank all of our stakeholders for their support in 2016 and believe we will look back at 2017 with the same sense of accomplishment and optimism for the future.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors

Sean Dollinger, Chief Executive Officer

Further information on the Company and its products can be accessed through the links below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

www.everyonedoesit.com

www.everyonedoesit.co.uk

FORWARD LOOKING STATEMENTS

Certain statements included in this press release constitute forward-looking statements under applicable securities legislation. These statements relate to future events or future performance of the Company. All statements other than statements of historical fact are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as may, will, should, expect, plan, anticipate, believe, estimate, predict, potential, continue, or the negative of these terms or other comparable terminology. Undue reliance should not be placed on these forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. 

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. New factors emerge from time to time, and it is not possible for management of the Company to predict all of these factors and to assess in advance the impact of each such factor on the Companys business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement or information. The forward-looking statements contained herein are expressly qualified by this cautionary statement. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements.

The Canadian Securities Exchange has in no way approved nor disapproved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

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