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CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF

Posted by AGORACOM-JC at 12:01 PM on Friday, April 29th, 2016

TSX-V: BFF, OTC Pink: SSMLF

Why Lithium?

 

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Lithium prices increased by about 20% in 2014 and by a larger percentage in 2015 when gas, coal and natural gas were down 50%
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

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St-Georges Partners with Active Growth to Explore Lepidolite & Muscovite Pegmatites – Jointly Acquire 9 Past Producing Projects $SX.ca

Posted by AGORACOM-JC at 2:19 PM on Thursday, April 28th, 2016

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  • Announced that it has entered into a definitive agreement with Active Growth Capital (TSX-V: ACK) in order to advance its muscovite research initiative and jointly acquire 9 past producing projects in the province of Quebec
  • Partnership will enable St-Georges to further its knowledge of extraction and beneficiation alternative processes for a range of minerals commonly founded in pegmatite

Montreal, Quebec / April 28, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has entered into a definitive agreement with Active Growth Capital (TSX-V: ACK) in order to advance its muscovite research initiative and jointly acquire 9 past producing projects in the province of Quebec.

This partnership will enable St-Georges to further its knowledge of extraction and beneficiation alternative processes for a range of minerals commonly founded in pegmatite. The research initiative will focus on the treatment of Lepidolite and Muscovite. St-Georges also plans to collaborate with third-party technology developers to test the usage of plasma technology to improve green-tech grade muscovite beneficiation.

The research initiative will focus on the following areas:

-Muscovite beneficiation, in partnership with plasma technology developers;

-Alternative lithium source extraction technology development;

-Benchmark for acid drainage technology test deployment;

St-Georges is transitioning its focus from mining exploration to mining technology, with the goal of creating a basket of patented technologies that will position the Company as a provider of environmentally-friendly processing solutions, as well as tailing reclamation solutions. The goal is to have market-ready technologies in the very near future.

JOINT ACQUISITION OF MUSCOVITE & LEPIDOLITE PAST PRODUCING MINES

The terms

In collaboration with Active Growth (TSX-V: ACK), St-Georges has received a 50% interest in 9 past producing mines, at no cost to its shareholders from two of its directors, being Mr. Frank Dumas, its president and Mr. Mark Billings, its Chairman. These directors sold 50% of the projects to Active Growth Capital (TSX-V: ACK) in return for 900,000 common shares of ACK and an NSR on the projects and surrendered the remaining 50% equity in the project to St-Georges.

Conditional to the closing of a financing by ACK, St-Georges will receive 600,000 shares of Active Growth Capital at closing of the transaction, as a payment for a 24-month right of first refusal to access the resulting technologies of the current Muscovite/Pegmatite R&D initiative. St-Georges will enter into a voluntary 48-month escrow agreement for these shares.

ACK will have the option to acquire a 25% equity stake in the intellectual property created and owned by St-Georges with this R&D initiative in relation with Muscovite. ACK will have the option to acquire an additional 25% total ownership of the exploration projects by spending $200,000 of geological exploration work over the next 24 months, thereby reducing St-Georges’ equity share of the projects to 25%. A Joint Venture will be created afterward to manage the projects.

The projects

The companies’ acquisitions consist of four blocks of projects.

-The 4 blocks cover 5435 hectares and equal 95 claims;

-At least 10 pegmatites were partially mined for muscovite between 1900 and 1940;

-The largest reported pegmatite is 1.6 km by 120 meters on a surface outcrop;

-The “Mine du Lac a la Mine” and << Mine du Lac Jacques >> Project: constituted of 2 past producing claims and 9 additional claims acquired by staking. The main minerals identified by the Quebec Ministry of Natural Resources on the projects that are about 1 kilometer apart are Mica (Muscovite and Lepidolite), Apatite, Garnet and Tourmaline. Limited production was conducted in open pits. The mines are about 12 km north-east of the village of Tadoussac on the Quebec North-Shore.

-The “Mine Imbeault”, “Mine du Lac Castor”, “Mine du Ruisseau” and “Mine du Lac Sirois” Projects: This block comprises 3 past producing claims and 26 additional claims acquired by staking. The projects along the same 3km pegmatite trend and the central point of these projects lie 16km north-west of the Quebec North-Shore’s village of Les Escoumins. Minerals identified include Mica (Muscovite and Lepidolite) Quartz, Feldspath, Garnet (Beryllium) Tourmaline and Apatite. The Mine Castor section has a 1.6 km by 120 meters pegmatite outcrop on a North-West orientation. There are historical grades of 10-30% pink-ruby micas in multiple historical drilling intersections of 5 to 15 meters. These results are historical in nature and cannot be rely upon and are only mentioned has a reference. There is no NI 43-101 technical report or known resources on these projects.

-The “Mine Xavier” located 8km to the east of Ville de Saguenay is made up 2 past producing claims that produced 14,000 kg of muscovite that yielded 909 kg of commercial mica sold to markets in 1940, according to the Quebec Government data. The minerals identified include mica (Muscovite and Lepidolite) and Garnet, Beryllium in pegmatite.

-The “Mine Roberval” and “Mine du Lac M” are made up 4 past producing claims and 37 claims acquired by staking. These projects are located 18km east of the city of Alma in the Lac-St-Jean region of Quebec. Beryllium, Topaz and some LRE are found in Pegmatite that contain Lepidolite and Muscovite

Muscovite market and usages

Ground muscovite sells for $150- $300 per metric tonne on average; sheet mica for specialty uses can sell for prices up to $2,000 per kilogram. Mica has several properties that make it suitable for very special uses: The muscovite sheets are chemically inert, dielectric, elastic, flexible, hydrophilic, insulating, lightweight, reflective, refractive and resilient; it is also stable when exposed to electricity, light, moisture and extreme temperatures.

Most sheet mica is used to make electronic devices. The sheets are cut, punched, stamped and machined to precision dimensions. Uses include: diaphragms for oxygen breathing equipment, marker dials for navigation compasses, optical filters, pyrometers, retardation plates in helium-neon lasers, missile system components, medical electronics, optical instrumentation, radar systems, radiation detector windows, and calibrated capacitors.

Lepidolite market and usages

Lepidolite mica is sought for its lithium contents. New promising extraction and processing technologies have emerged in the past decade that is making it a potential alternative source for lithium carbonate.

ACQUISITION OF LEPIDOLITE PEGMATITE

St-Georges also acquired, jointly with Active Growth, 22 prospective claims by staking in 2 separate blocks in northern Quebec.

A 4.5 kilometers Lepidolite containing pegmatite corridor was identified by the Ministry of Natural Resources of Quebec (MNRQ) on the southern block of the acquisition (15 claims), located 91 km south of the village of Kujjuaq, while a chosen sample (MNRQ #2011054043) taken in 2011 and reported recently yielded 4,307 ppm of Beryllium (4,3 kg/tonne) and 2,008 ppm (2kg/tonne) of Tantalum on the northern block (7 claims), located about 74 km east of Kujjuaq. The Company has acquired the project in order to review its prospective opportunities.

Additional acquisitions of alternative sources of lithium and green-energy related projects are currently being reviewed by management.

OTHER CORPORATE MATTERS

FINANCING

In order to finalize the transition to its new business model, the Company has planned a private placement for a maximum of $145,000. This financing was announced on March 31, 2016 and is expected to close on Monday, May 2.

At this time, the current financing is expected to be fully subscribed based on subscriptions already signed.

The offering consists of units to be priced at $0.02 each. Each Unit consists of one common share and one non-transferable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant for an initial exercise price of $0.04. The second warrant will have an exercise price of $0.06 and will expire 28 months after the initial financing closing date.

At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants’ exercise price for 10 consecutive days based on a volume-weighted average price (VWAP) calculation.

Proceeds of this financing will be set aside in order to pay costs related to exchange listings, transfer agents, annual shareholder meetings, annual audits and the settlement of certain short-term debts.

Insiders who will participate in the private placement have accepted to subscribe to a 2-year voluntary resell restriction on the shares of the units.

Multilateral Instrument 61-101

Given the proposed participation of the inside holders for a significant proportion of the financing, the proposed financing might constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101″).

St-Georges is relying on an exemption to both the formal valuation and the minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units to be distributed to, nor the fair market value of the consideration to be received by St-Georges from the inside holders in connection with the proposed financing exceeds 25% of St-Georges’ share capitalization.

OTHER RESEARCH ADVANCEMENTS

St-Georges and Strategic Metallurgy Pty Ltd became partners on a 75-25% ratio in order to move forward a basket of new metallurgical and chemical technologies that can be deployed in a commercial environment within a relatively short schedule. Development tests and scalability demonstration should be conducted in Perth, Western Australia, in the pilot-plant facilities of Strategic Metallurgy in 2016.

POTENTIAL BUSINESS AND TECHNOLOGY PARTNERS

Further advancement of the Company’s R&D efforts will be done in parallel with the sourcing of business partners to target the mining reclamation business. We view this as a very lucrative opportunity due to the fact that North American governments are spending billions of dollars annually in reclamation projects where acid drainage remains one of the main issues.

St-Georges has initiated discussions with potential technology partners and intends to identify more as the new business model is deployed. The Company also plans to spend a good amount of time and resources soliciting environmental mandates from different governmental agencies. Moreover, the Company plans to secure grant money to demonstrate the performance of some of its technologies in real-time field situations.

ANNUAL MEETING

The press release from March 31, 2016 mentioned the month of June 2016 for the Company’s AGM. This meeting will be moved to August 2016. Shareholders will be asked to approve the option plan, the new board of directors and the modifications to its main business. No consolidation or reverse split is planned to be put to the vote.

Joel Scodnick, P.Geo. (CPG # 11498) St-Georges Platinum’s vice-president exploration, a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

All securities issuance are subject to CSE and regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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

CLIENT FEATURE: Explor Resources (EXS: TSX-V) Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 10:34 AM on Thursday, April 28th, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

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

Chester Copper & VMS Project (3500ha)

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


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

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

Nelligan (1198 ha):

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

Launay (2250 ha):

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

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Durango Joint Ventures NMX East Lithium & Buckshot Graphite Projects $DGO.ca

Posted by AGORACOM-JC at 10:27 AM on Thursday, April 28th, 2016

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  • Announced that it has entered into a joint venture agreement with BC Anthracite Inc.  in relation to the Company’s NMX East Lithium Project and Buckshot Graphite Project
  • NMX East Project is approximately 700 hectares and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) proposed Whabouchi Spodumene Mine with 23Mt Proven and Probable @ 1.53% Li (see TSX.V-NMX press release of April 4th, 2016)

Vancouver, BC / April 28, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has entered into a joint venture agreement with BC Anthracite Inc. (“BCA”), in relation to the Company’s NMX East Lithium Project (“NMX East”) and Buckshot Graphite Project (“Buckshot”).

The NMX East Project is approximately 700 hectares and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) proposed Whabouchi Spodumene Mine with 23Mt Proven and Probable @ 1.53% Li (see TSX.V-NMX press release of April 4th, 2016). The Buckshot Project is 240 hectares and is located to the east of Canada Carbon Inc.’s (TSX.V-CCB) Miller Graphite Project.

The Company received a non-refundable deposit of $10,000 CAD in return for granting BCA a 60-day due diligence period to conduct site visits and commission a NI 43-101 Technical Report on each property.

BCA may earn up to a 100% interest in NMX East and Buckshot as follows:

  • -An additional cash payment of $50,000 CAD payable to the Company together with $100,000 CAD in exploration expenditures must be completed with a report acceptable for filing with the Quebec government by November 2016 to earn a 25% interest in the projects.
  • -Upon BCA completing a listing on a publicly recognized stock exchange or upon BCA completing a capital raising of not less than A$1 million, whichever is sooner, Durango will receive an additional cash payment of $100,000 CAD together with 1,000,000 fully paid ordinary shares in BCA, at which point Durango will transfer a further 75% of the projects to BCA.
  • -BCA will commit to spending a minimum of $2,000,000 CAD in exploration over a five (5) year period on the projects, with minimum expenditures each year to satisfy Quebec Ministry of Mines minimum work program requirements and fees to keep all claims in good standing.

In the event that BCA terminates the agreement it will return the claims to the Company with a minimum of twelve (12) months of good standing from the termination date.

Upon completion of the transfer of projects, Durango will be granted a 2% NSR that can be converted into a 10% free equity interest within six (6) months of the completion of a Pre-Feasibility Study on either of the Projects, with such conversion being at the absolute discretion of the Company. If Durango does not elect to convert the initial 2% NSR into the 10% free carried equity interest within 6 months of completion of a Pre-Feasibility Study, then Durango will retain only the initial 2% NSR and have no other equity interests in the Project or the joint venture.

BCA will have the right to purchase the 2% NSR from Durango for the consideration of $500,000 CAD which may be paid by cash or shares at the election of the Company, subject to regulatory approvals.

Durango will be entitled to additional cash and/or share performance payments as follows:

  1. a)CAD $250,000 on minimum JORC or NI 43 101 of greater than 20Mt Reserves and <1.6% Li20;
  2. b)CAD $250,000 on minimum JORC or NI 43 101 of greater than 60Mt Reserves and <1.6% Li20;
  3. c)CAD $250,000 on minimum JORC or NI 43 101 of greater than 20Mt Reserves and <20% Cgr; and
  4. d)CAD $250,000 on minimum JORC or NI 43 101 of greater than 100Mt Reserves and <17% Cgr.

Up to 50% of the total consideration payable under this can be paid in fully paid ordinary shares issued at a 10% discount to the 10-day Volume Weighted Average Price (VWAP) at the discretion of BCA and is subject to regulatory approvals.

Marcy Kiesman, Durango CEO stated:

“We are excited to be working with BC Anthracite in advancing our lithium and graphite projects. The partnership offers Durango shareholders significant upside in the booming lithium and graphite sectors while conserving shareholder capital. This partnership will help Durango better understand the regional geology which will aide in the development of our additional areas of interest at a reduced cost to our shareholders while providing cash and shares as consideration.”

Gino D’Anna, BC Anthracite Executive Director stated:

“We look forward to working with Durango to develop these exciting assets. Lithium and graphite will play a tremendous role in feeding innovation as well as serving a growing lithium-ion battery market for electric cars, mobile devices and mass energy storage units. Quebec boasts a supportive Government with respect to mineral development and has the necessary infrastructure to lead internationally in major resource development.”

Durango’s management is planning to undertake an exploration program on its other lithium claims adjacent to Nemaska Lithium Corp. and is working with crews to establish timelines and will provide updates as the plans develop.

About BC Anthracite NL

BC Anthracite is an exploration company focused on advancing copper, anthracite, lithium and graphite projects in Canada, with a vision to resources innovation in the high-end steel industry and emerging lithium-ion battery markets. It owns 100% of the Groundhog South Anthracite Project in British Columbia which boasts an NI 43-101 Exploration Target of 2.3-3.8 billion tonnes of high grade and ultra-high grade anthracite.

About Durango Resources Inc.

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, 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, as well as three sets of claims in the Labrador nickel corridor.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to completion of the work programs contemplated by the joint venture agreement, obtaining requisite approvals of the TSX Venture Exchange, BCA completing a public listing of its shares, 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.

Uragold Investors Exercise Over 6.5 Million Warrants and Options Since March 3, Adding $520,000 To Balance Sheet $UBR.ca

Posted by AGORACOM-JC at 9:44 AM on Wednesday, April 27th, 2016

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  • Between March 3 and April 25 2016, $ 519,756 was raised through the exercise of agent options, options, broker warrants and warrants
  • More specifically 6,227,768 warrant, 255,909 agent options, 100,000 options and 61,500 broker warrants were exercised

Montreal, Quebec, Canada / April 27 2016 / – Uragold (TSX Venture: UBR) would like to inform its shareholders that between March 3 and April 25 2016, $ 519,756 was raised through the exercise of agent options, options, broker warrants and warrants. More specifically 6,227,768 warrant, 255,909 agent options, 100,000 options and 61,500 broker warrants were exercised.

Bernard Tourillon, Chairman and CEO of Uragold stated “The raising of $519,756,30 in such a short time frame through different instrument exercises gives Uragold greater financial flexibility to advance both of our major initiatives forward – the imminent spin out of our Beauce Gold Property and of course our Solar Grade Silicon Metal initiative.”

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Vaporization Reactor (QVR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The Science Behind PyroGenesis PUREVAP(TM) QVR Process Is Solid:

  • -Plasma arc based process can and has transformed High Purity Quartz into Mg Si.-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

    -Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

http://agoracom.com/ir/Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

About Our Beauce Gold Project – Preparing To Be Spun Out To Unlock Value

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 37 claims 100% owned by Uragold Bay Resources, 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 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.

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.

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.

For further information contact

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

Or

Carl Desjardins, Paradox Public Relations Inc., Tel (514) 341-0408

CLIENT FEATURE: American Creek’s Treaty Creek adjacent area host to Over 130M Oz of Gold, 800 million ounces of silver and 20 billion pounds of copper $AMK.Ca

Posted by AGORACOM-JC at 1:51 PM on Tuesday, April 26th, 2016

AMK: TSX-V

WHY AMERICAN CREEK RESOURCES?

  • Mineralization in the 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.

RECENT HIGHLIGHTS

  • Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
  • Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
  • TSX Venture Exchange approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. Read Our Recent Blog

Exceptional Properties

Electrum Gold-Silver Property, British Columbia – 100% owned

The Electrum property has a rich history with some of the highest grade hand-mined ore mined in North America combined with excellent logistics. The property is located directly between two high-grad vein gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017).All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

The Electrum Property holds significant potential to attract mining companies when considering its high-grade nature combined with the exceptional logistics in place.

  • Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri.It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
  • Located in a particularly rich valley with 4 past producing commercial mines and a 5th in the adjacent valley.
  • Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tone (roughly 50oz gold with 75oz silver).
  • Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
  • Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine as well.
  • Exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, with numerous silver intervals of 583g/t, 501 g/t, 420 g/t, 384 g/t in core, and surface samples of 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.
  • A very successful program was run in 2015 wherein:
    • A new approach focusing on high-grade was employed very successfully
    • A new zone of gold / silver mineralization was discovered
    • A better understanding of the property geology was obtained
    • Surface samples from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold



  • The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
  • Excellent logistics including road access, power located 2 km away and a bulk tonnage shipping port and supportive mining town located just40 km away in a mining friendly jurisdiction.

The high-grade ELECTRUM PROPERTY recently had a program run on it. CLICK HERE for the Electrum presentation and HERE for the 2015 drill program presentation. The highly mineralized gossans on the Electrum are shown in the image at the top of this page.

2015 Drill Program Presentation

Treaty Creek Gold-Copper Property, British Columbia – 51% Joint Venture

Treaty Creek Property


Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

Mineralization in the 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.

Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world.KSM has just past the environmental and permitting stage while the Brucejack is in construction phase.
Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on the neighbours claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.

The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.

Nevada Energy Metals Expands Lithium Exploration Potential at San Emidio $BFF.ca

Posted by AGORACOM-JC at 7:57 AM on Tuesday, April 26th, 2016

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  • Announced the Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position
  • Property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno

Nevada Energy Metals Inc. the Company TSX-V: BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

The additional claims were staked to cover a portion of the playa evaluated in 1976 by Chevron Oil Company (Phoenix Geophysics report by Bruce S. Bell) for its geothermal power potential. The report states, Almost the entire survey area exhibits definite anomalous responses which have a true resistivity less than three ohm meters. The apparent resistivity data exhibits near horizontal contours throughout parts of the anomalous area, but there is also sufficient lateral variations within each anomaly to suggest that the conductive zone is not due entirely to conductive sediments. Drilling will be required to determine if the responses identifies in the resistivity survey confirm the presence of brine aquifers. Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

The San Emidio Desert basin is an alkali playa environment underlain by unconsolidated sediments and clays being fed by Lithium bearing geothermal fluids (US. Geothermal analyses) reported in bounding faults, and/or faults along the east side of the basin. Since mid-Tertiary time, the rocks on the eastern edge of the San Emidio Desert have undergone extensive hydrothermal alteration and the presence of near-surface thermal fluids, suggest that the thermal fluids represent deep circulation of meteoric water (Moore, J.N., 1997). The property adjoins the Empire geothermal power plant with production of 4.6 MW of electricity from a 155°C resource thereby providing a substantial heat source for the circulation of meteoric groundwater believed important in the formation of Lithium brine deposits as found at Clayton Valley, Nevada host to North Americas preeminent Lithium brine production. US Geothermal has reported anomalous Lithium values in the trace element analysis of their geothermal brines at Empire.

The company is pleased to report that no royalties, option payments or work expenditures have been incurred as a result of the acquisition of the San Emidio Lithium exploration project. Nevada Energy Metals Inc strives to be a leader in the exploration and development of economic Lithium deposits. Our principal activities are in Nevada and our project portfolio is expanding.

The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101, and has been reviewed and approved on behalf of Nevada Energy Metals by Alan Morris, CPG, a qualified person.

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

Nevada Energy Metals Inc. is a well-funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 87 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 20 hole shallow auger exploration program is in progress. Recently the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed.

On Behalf of the Board of Directors

Harry Barr

Chairman & CEO

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

450-789 West Pender St
Vancouver, BC, V6C 1H2
+1-604-428-5690
http://www.nevadaenergymetals.com
info@nevadaem.com

Harry Barr Makes Another Strong Lithium Move $PFN.ca

Posted by AGORACOM-JC at 10:18 AM on Monday, April 25th, 2016

Pacific North West Capital Acquires 100% of a Strategic Lithium Brine Project in Clayton Valley, Nevada

  • -Option to acquire 100% of a Strategic Lithium Project
  • Project is situated in the Clayton Valley area of Nevada
  • Clayton Valley hosts North America’s largest Lithium Carbonate production operations derived from Lithium Brines
  • Objective to develop an economic Lithium Brine Project
  • Due diligence under way/exploration planning in progress
  • The company has a well-diversified project portfolio of Platinum Group Metals and Lithium Projects (GREEN METALS in Canada and at the U.S.A.)
  • The company’s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada ( http://pfncapital.com/s/Home.asp)

-The company’s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada ( http://pfncapital.com/s/Home.asp)

April 25th, 2016 Vancouver, Canada / Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that is has acquired, through option, a lithium brine project in Clayton Valley, Esmeralda County, Nevada.

The company is near completion of its due diligence period with regard to the agreement. Ongoing forward plans for the project will be released after the due diligence period is complete. Announcements concerning the technical aspects of the project and the terms and conditions of the agreement will be forthcoming. Once the due diligence is completed, the project location and technical overview of the project in the Clayton Valley area of Nevada will be explained.

Management previously announced (April 6th, 2016, April 14th, 2016, April 21st, 2016) that PFN is developing a Lithium and Rare Earth Division. The Company’s management team has added an additional “green metal, GM” to its existing Platinum group metals (PGM’s) division. These new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

Nevada the Lithium Hub

Clayton Valley is located in Esmeralda county of Nevada host to the Albemarle Corporation’s Silver Peak Lithium Mine and brine processing operations. The mine has been in operation since 1967 and remains the only brine based Lithium Producer in North America. The new project acquisition in Nevada will allow the company a project in an area that is well known for its Lithium Carbonate Production. Clayton Valley is a centralized location in Nevada with highway access, power infrastructure, water and local labor. The company’s new lithium brine project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020. The company’s new project is also 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.

Clayton Valley was one of the few locations globally known to contain commercial-grade lithium-enriched brines.

The company is planning a detailed exploration program on its Clayton Valley lithium project for upcoming exploration season.

Nevada Building a Future for Green Energy Manufacturing

The Nevada government is actively embracing the Lithium Energy market and future ventures. In March 2016 the Nevada Board gave final approval to the Faraday Futures $1 Billion dollar electric car factory in North Las Vegas. Once this plant is operating it is estimated that it will create over 4500 jobs for the area. Tesla received over $1.25 Billion in tax incentives from the Nevada government to start up their $5 Billion Giga-factory in Reno, Nevada. The Nevada government is backing the new growth in the lithium- ion battery and electric car market. Future projected market growth will also increase the need for lithium-ion batteries. At present, the Clayton Valley area produces 4% of the world’s Lithium Carbonate production.

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

The recent addition of the “Lithium One Project” in southeastern Manitoba (PFN April 24th, 2016 news release) has given the company a strategic opportunity for hard rock Lithium mineralization in Canada. The project is located 8.5 kilometers south of the Tanco Mine Site, North America’s richest and longest operating hard rock mine for tantalum, lithium and cesium.

Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down
  2. 2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 drill program confirms new high grade T2 discovery


Click Image To View Full Size

  1. 5.Exploration and development plans outlined for 2016
  2. 6.Ongoing strategic partner search for River Valley project
  3. 7.Results for the most recent Metallurgical Testwork Study are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

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

– High Grade potential, particularly in the north part of River Valley deposit

– Resources under evaluation for development potential as open pit mining operation


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

-Drill hole intercepts much higher than the average grade of current mineral resource estimate

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

  1. 9. Exploration and Development Plans for 2016
  • -Mineral prospecting and geological mapping on surface-Drill programs targeted to add more higher grade-Geological interpretation and 2D/3D modelling of all drill and surface results
  • -Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.
  • -Strategic Partner Search for River Valley

For further information, please see the press releases dated Apr 6th, 2016, April 14th, 2016, April 24th by visiting PFN’s website at www.pfncapital.com, or email us at info@pfncapital.com

On behalf of Management and the Board of Directors, I wish to thank our shareholders for their patience and continued support over the last 5 years as we look forward to a strong recovery in the Junior Mining industry.

QUALIFIED PERSON

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

Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

Email: info@pfncapital.com, or visit www.pfncapital.com

Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

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

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

Durango Closes Purchase of Dianna Lake Silver Prospect, Host to Past Grab Samples as High as 2,480 Oz/ton Silver $DGO.ca

Posted by AGORACOM-JC at 1:11 PM on Thursday, April 21st, 2016

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  • Announced further to its news of March 22, 2016, the Company has closed the purchase of its 100% interest in the Saskatchewan ground known as the Dianna Lake Silver Prospect by payment of $150,000
  • The Dianna Lake silver project consists of 131 hectares located 17 kilometres northwest of Uranium City, Saskatchewan
  • Host to Past Grab Samples as High as 2,480 Oz/ton Silver

Vancouver, BC / April 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces further to its news of March 22, 2016, the Company has closed the purchase of its 100% interest in the Saskatchewan ground known as the Dianna Lake Silver Prospect by payment of $150,000.

The Dianna Lake silver project consists of 131 hectares located 17 kilometres northwest of Uranium City, Saskatchewan.

It was reported this week on April 20, 2016 in the Financial Times article, “Silver surges to best performing commodity” by Henry Sanderson, “An explosive two-week rally has made silver one of the best performing commodities this year, fueled by a surge in interest from hedge funds.”

Marcy Kiesman, CEO stated “The Financial Times article referenced above outlines the Silver commodity price surge in recent weeks and the Dianna Lake Silver Prospect was drilled prior to the recent 2011 silver price highs, therefore it is a relatively new prospect being introduced to silver players worldwide. An exploration program will be announced in the coming months and, pending adequate funding, is currently planned to include drill hole testing. Having the opportunity to re-initiate exploration on a silver prospect that has not been explored in the past fifteen years is an exciting opportunity as Durango positions for discovery.”

About the Dianna Lake Silver Prospect

Durango’s Dianna Lake Silver Prospect covers a historic area in which, from 1968 to 1969, two high-grade, primarily native silver-bearing exploration targets of between 30,000 and 50,000 tonnes grading five to 10 ounces per ton silver, approximately 600 metres apart, were determined by trench grab sample assays, according to a historic evaluation report composed for Comaplex Resources in 1980(1) *.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Additionally, the main silver-bearing zone is spatially associated with a large zone of low-grade, disseminated copper-silver mineralization in which “drilling of two IP anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton Ag and 0.4 per cent Cu” (undefined category historic resource estimate), according to the same report (1) **.

** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the issuer is not treating the historical estimate as current mineral resources or reserves. Further work must be carried out to verify all historic information before a resource estimate is possible.

Fourteen additional induced polarization anomalies in the historic exploration area surrounding Dianna Lake and the nearby Doug Lake remain yet undrilled, according to the Comaplex Resources report (1), four of which occur within the property boundary of Durango’s Dianna Lake silver project.

Previous work on the claims was reported in 1969, 1980 and 1998 and included diamond drill holes, trenches, and pits primarily across two zones where mineralization was identified at or near surface. One zone was reported to have five trenches exposing Ag-Cu mineralization over approximately 80 metres. Historic grab samples from Pit 1 of this zone included ounce-per-ton silver values of 2,458.4, 684.4, 647.4, 600.2, 464.2, and 454.8 ounces per ton Ag. Out of 18 grab samples, 13 samples assayed between 185.0 and 2,458.4 ounces per ton. Pit 2 grab samples returned reported highs of 298.0 and 197.0 ounce per ton Ag (out of seven samples ranging from 12.2 to 298.0 ounces per ton Ag) (1). (The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.)

The technical contents of this release were approved by Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

References

(1) “Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.” E.G. Kennedy, PEng, 1980.

About Durango Resources Inc.

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, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, 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, as well as three sets of claims in the Labrador nickel corridor.

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

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

Pacific North West Capital Acquires Lithium One Project In Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 10:43 AM on Thursday, April 21st, 2016

  • Option to acquire 100% of a strategic lithium project
  • Claims situated 8.5 km SE of the Tanco Mine Site
  • 40 historical surface pegmatites, many lithium bearing
  • Objective to develop an economic lithium hard rock project
  • Exploration planning in progress

April 21st 2016 / Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that is has acquired, through option, claims in southeast Manitoba with historical pegmatite lithium mineralization and assays from spodumene returning values of 2.90 to 8.20% Li2O (from Manitoba Inventory File No 190). The historic assays have not been confirmed in the field. These claims will be a part of the company’s Lithium One Project.

Management previously announced (April 14th, 2016) that PFN is developing a Lithium and Rare Earth Division. The Company’s management believes that adding an additional “green metal” to its existing Platinum group metals (PGM’s) division is warranted. These new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

The option on the Lithium One Project was acquired from Cliff Allbutt of Winnipeg, Manitoba, the optionor. The project area is part of the Winnipeg River Pegmatite Field. This pegmatite field is host to the world-class Tanco Mine, which has been one of the world’s richest mines for tantalum, cesium and spodumene (a major source of lithium). The mine began operations in 1969 and is still producing today.

PFN has a two year option to purchase 100% interest in the 11 unpatented contiguous mining claims. The claim area is 2,272 hectares (5,614 acres) and is situated 8.5 kilometres southeast of the Tanco Mine Site. Management believes that from the historic work on the surface pegmatites and the reported assays from that time period, that there is economic potential for further lithium (Li) mineralization.

The Lithium One Project is located approximately 125 kilometres northeast of Winnipeg, Manitoba. Historically the area is known for the presence of over 40 surface pegmatites of various dimensions and compositions. Past exploration in the region has focused on the lithium, beryllium and tantalum potential of the pegmatites. Bulk samples were removed from the pegmatites in the 1930’s but no large scale mining was undertaken due changes in the market conditions and commodity prices after the war. Lithium minerals were previously considered for the medical and ceramic industry, however in recent years lithium has seen an increased usage in the “green energy sector”. There has been limited recent exploration in the region.

Management’s technical team is presently planning a 2016 exploration program for the Lithium One Project.

About the company’s Lithium Division

The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR;
  2. 2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 drill program confirms new high grade T2 discovery


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  1. 5.Exploration and development plans outlined for 2016
  2. 6.Ongoing strategic partner search for River Valley project
  3. 7.Results for the most recent Metallurgical Testwork Study are summarized below:


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– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

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

– High Grade potential, particularly in the north part of River Valley deposit

– Resources under evaluation for development potential as open pit mining operation


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  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

-Drill hole intercepts much higher than the average grade of current mineral resource estimate

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


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  1. 9. Exploration and Development Plans for 2016
  • -Mineral prospecting and geological mapping on surface-Drill programs targeted to add more higher grade-Geological interpretation and 2D/3D modelling of all drill and surface results
  • -Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.

Strategic Partner Search for River Valley

For further information, please see the press releases dated Apr 14, 2016, April 6, 2016, visit PFN’s website at www.pfncapital.com, or email us at info@pfncapital.com

On behalf of Management and the Board of Directors, I wish to thank you for your patience and continued support over the last 5 years and we look forward to a strong comeback and rotation of funding back into the Junior Mining industry.

QUALIFIED PERSON

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

Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

Email: info@pfncapital.com, or visit www.pfncapital.com

Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9

On behalf of the Board of Directors

Harry Barr

Chairman and CEO

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

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