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Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

Posted by AGORACOM-JC at 11:34 AM on Tuesday, June 30th, 2015

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  • Proceeding with a $1.3 million work program in South-western Nova Scotia to reopen a historic tin-indium mine.
  • Working on completing a Preliminary Economic Assessment for the project by November this year, is betting on recently approved legislation in Europe, which bans all products containing conflict minerals from war zones in Africa.

Canada’s Avalon Rare Metals (TSX:AVL), until now mostly known for its incursion in the rare earths market, is proceeding with a $1.3 million work program in South-western Nova Scotia to reopen a historic tin-indium mine.

The company, working on completing a Preliminary Economic Assessment (“PEA”) for the project by November this year, is betting on recently approved legislation in Europe, which bans all products containing conflict minerals from war zones in Africa.

Speaking at the 128th Annual Meeting of The Nova Scotia Mining Society late in June, Avalon’s President and CEO Don Bubar said the European Union anti “blood metals” rules, together with the U.S. Dodd-Frank Act, which forces US stock exchange-listed companies to disclose the use of minerals from a conflict zone in their supply chains, gives Avalon’s tin project huge advantages.

The miner was granted a special exploration licence to search 22 claims totalling 356.12 hectares. It also received a $40,000 project grant from the province earlier this year to assist with test drilling.

“We’re hopeful, at this point,” Natural Resources Minister Zach Churchill told MINING.com in an interview mid-June, adding that since market prices for tin have improved, the Nova Scotia government is optimistic about the prospects at the location.

“Any activity on that site is encouraging, but we need to wait and see what the results of the ongoing exploration drilling are before we rise our hopes too much,” Churchill said. He also noted there would have to be an environmental assessment done before any work can resume at the site.

Victim of falling prices

Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

Avalon’s President and CEO, Don Bubar, in March 2014. (Image courtesy of Avalon)

The Rio Algom tin mine in East Kemptville operated in the area from the mid-1980s to 1992, employing 200 people from Yarmouth and Shelburne counties. At the time, it was North America’s only open-pit tin mine, but it had to close after prices for the metal dropped to levels reaching well below US$3 per pound.

And while the metal used in electronics and packaging is now trading at more than double that price, it is down 23% so far this year, which makes it the worst-performing industrial metal on the London Metal Exchange.

No wonder analysts are not optimistic about the short-term outlook for it. Steve Hardcastle, head of client services for industrial commodities at Sucden Financial Ltd. in London, is one of them. He told Bloomberg last week that tin prices were set for the biggest first-half decline in 25 years because of abundant supplies and weak demand.

“The long-term future for tin is not brilliant, and it’s been reflected in the price,” Hardcastle said. “The big unknown 18 months ago was Myanmar, which is now filling the gap.”

In addition to East Kemtpville, Avalon Rare Metals has projects underway in Separation Rapids near Kenora, Ontario and Nechalacho, Thor Lake, in the North West Territories.

Source: http://www.mining.com/avalon-banks-on-new-blood-metals-rule-for-canadas-tin-mine-success/

Tin price bulls coming out of hibernation

Posted by AGORACOM-JC at 11:29 AM on Tuesday, June 30th, 2015

 

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  • Shrinking tin stocks, dwindling supplies from Myanmar and new Indonesian rules to curb exports are at last creating conditions for bulls who for some time have expected to see higher prices. 

A labourer takes down tin boxes inside a tin container recycling factory in a slum area in Mumbai January 12, 2015. REUTERS/Danish Siddiqui

A labourer takes down tin boxes inside a tin container recycling factory in a slum area in Mumbai January 12, 2015.
Reuters/Danish Siddiqui

LONDON Shrinking tin stocks, dwindling supplies from Myanmar and new Indonesian rules to curb exports are at last creating conditions for bulls who for some time have expected to see higher prices.

But the optimism is tinged with caution as much depends on whether top exporter Indonesia can limit its shipments abroad, something it has failed to do in recent months.

That’s one reason why benchmark tin prices on the London Metal Exchange (LME), at around $15,000 a tonne, are down about 25 percent since early January this year.

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Stocks of tin at 6,810 tonnes in LME-approved warehouses are about half the levels seen in December, the lowest in more than six years and only a fraction of global consumption estimated at 350,000 tonnes this year.

“There is a clear trend toward a depletion of stocks,” said Nicholas Snowdon, metals analyst at Standard Chartered.

“Indonesian exports will be increasingly constrained in the second half of the year. Chinese refined production has become more constrained with less Myanmar concentrate and altogether that points to a tightening trend in the market.”

Stronger growth in top consumer China in the second half of this year and the feed-through into demand for semiconductors and tin are also expected to be a plus for prices.

Solder used in electronics is the most important consumer of tin, accounting for about half of global use of the metal.

To halt illegal exports, Indonesian producers from Aug. 1 will need to prove that their tin comes from government-certified mines before it can be shipped.

One factor that has weighed on global prices is a surprising surge in supply as China’s imports of tin ore from Myanmar spiked, with shipments up over 80 percent so far this year.

But May imports at 21,456 tonnes are down 35 percent from April, which suggests the peak may already have been seen. Additionally, the concentrate from Myanmar is said to contain little tin.

“Some of it can be as low as 10 percent, most internationally traded concentrate has 55 to 75 percent tin,” said Peter Kettle, manager of markets at industry group ITRI.

“To some extent, people (in Indonesia) are exporting while they can … volumes will probably fall after August 1 when there will be more scrutiny of export licenses.”

However, there are doubts the new rules will be applied rigorously, and if they are, traders expect metal to be smuggled out of the country.

The country’s tin smelters in March agreed to limit monthly exports at 4,500 tonnes, which was subsequently lowered to 4,000 tonnes. But exports in April, May and June exceeded that number.

“The market needs to see exports much lower before it believes the curbs will work,” said Stephen Briggs, metals analyst at BNP Paribas. “The bullish side is low stocks.”

(Editing by Veronica Brown and Dale Hudson)

Source: http://www.reuters.com/article/2015/06/29/us-tin-supply-prices-idUSKCN0P902C20150629

Liberty Star Announces Annual and Special Meeting of Shareholders and Outlines Management Presentation at Meeting

Posted by AGORACOM-JC at 9:58 AM on Tuesday, June 23rd, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) will hold a combined Annual and Special Meeting of Shareholders (the “Meeting”) on Wednesday, July 15, 2015 at San Miguel Club House, 5565 N. Binghampton, Tucson, AZ 85712 for the following purposes:

  1. To ratify the appointment of our independent registered public accounting firm
  2. To elect James Briscoe, Gary Musil, John Guilbert, Keith Brill, Peter O’Heeron and Brett Gross as directors
  3. To approve an amendment to our articles of incorporation to increase the number of authorized shares of our common stock from 1,250,000,000 to 6,250,000,000
  4. To hold a non-binding advisory vote on the compensation of our named executive officer as disclosed in the proxy statement
  5. To hold a non-binding advisory vote on whether a non-binding advisory vote on the compensation of our named executive officers should be held every one, two or three years
  6. To transact such other business, if any, as may properly come before the Meeting

Doors will open at 1:00 PM (PDT) for a meet & greet. Brief management presentations and the formal Meeting will commence at 1:30 PM, followed by a question & answer session.

Liberty Star cordially invites you to attend this event. If you plan to attend, or have a question for the question & answer session, please respond by Friday, July 10:

Call 520-425-1433
mailto:Info@libertystaruranium.com

For additional information visit the Annual/Special Meeting FYE 1.31.2015 page on our website.

During the last quarter, a variety of positive events have occurred. CEO/Chief Geologist will discuss recent events at the Meeting in a short presentation, including the following:

1.

Increasing accuracy of the analysis of our ZTEM is going forward. It appears there may be a horizontal shallow zone that could contain copper oxides that would be leachable. We will work on a more shallow drill program during this very difficult fund raising period. Later, we will extend the depth of holes to test the sulfide zone indicated by the ZTEM geophysics.

2.

On June 19th Geotech delivered three dimensional (3D) plots of the magnetics and electromagnetics (EM) with our geochem data superimposed on the geophysics so that the relationship is even more clearly depicted than it was in the 2D treatment. This 3D treatment is very computer intensive and was not easily possible until recently. These data are posted in our web page in the Hay Mountain Image Gallery: take a look.

3.

Also sent to our website is a report about the Balboa discovery (Cobre, Panama) presented at the PDAC in 2014, and just released after the recent Geological Society of Nevada meeting, this Spring. The Balboa discovery is a recent blind discovery in Panama and now is part a cluster of six porphyry copper deposits previously discovered in close proximity to one another by more traditional exploration techniques. Balboa was discovered completely by use of the ZTEM geophysical method. This is very similar to what we believe we have at Hay Mountain – a cluster of porphyry copper deposits indicated by ZTEM and corroborated by geochemical analysis of clippings of twigs of desert vegetation collected over several square miles. This is called biogeochemistry or veggie geochemistry, and has been verified by Liberty Star and predecessors over the last 20 years and by other geochemists.

4.

We and every other exploration company have had a very tough time in the financial climate over the last several years; this includes raising sufficient capital to execute our very carefully planned exploration program at Hay Mountain which we believe will result in a world class cluster of porphyry copper deposit, similar to Balboa and others.

5.

We have been in discussions with a funder that suggests we should invest in near surface, high grade, quickly minable projects that will begin to generate production cash quickly. We find this strategy very compelling and we are in discussions with this funder to assist us in this strategy. We will continue to work methodically with low expenditure of funds to advance Hay Mountain. When base and precious metal projects of large scale can attract funding we will use these funds to bring the large Hay Mountain Project forward.

a.

In the last three weeks we have taken a look at about 10 targets that would fit the above suggested approach.

b.

We have chosen two projects that we think are promising:

i.

One that we have extensive data on is for high grade silver and gold near surface mineralization right here in Arizona, that with recently available mining equipment and exploration technology we can move forward relatively quickly and believe we can be mining within a year or less.

ii.

The second site in Utah is for near surface, high grade uranium mineralization which has been compiled and become available during the most recent downturn in the uranium price. Again this would be from high grade, near surface bodies that could be mined at low cost, with the same mining and technological equipment, mentioned in i. above.

6.

Mining Engineer-Lawyer, Liberty Star Director Brett Gross has been participating with me and will continue to participate in the above and future activities of project and corporate development.

 

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include all our planned drilling programs; our belief that the exploration program at Hay Mountain will result in a world class cluster of porphyry copper deposits, similar to Balboa and others; our funding strategy; our belief that we can be mining within a year or less for a promising project; and the statement that Brett Gross will continue to participate in future activities of project and corporate development. Factors which may delay or prevent these forward-looking statements from being realized include: we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; mineral prices may not rebound in time for us to keep our properties; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Follow Liberty Star on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, Investor Relations
520-425-1433
info@LibertyStarUranium.com

Metals Company CEO Hopeful Tin Mine Could Once Again Make NS Tin Capital Of North America

Posted by AGORACOM-JC at 3:24 PM on Thursday, June 18th, 2015

 

Metals Company CEO Hopeful Tin Mine Could Once Again Make NS Tin Capital Of North America.

A Toronto-based company has begun a $1.3 million work project at the site of the former East Kemptville tin mine in Yarmouth County.

And the CEO of Avalon Rare Metals tells CJLS, that if the demand and the price for tin remain stable, there could be 200 full-time jobs at the site once it’s into full production.

The work by Avalon Rare Metals Inc. involves 2,000 metres of diamond drilling, metallurgical process test work and preliminary environmental studies.

Don Bubar, President and CEO tells CJLS, that this summer’s East Kemptville Tin-Indium Project will move the company one step closer to realizing its goal of re-establishing Nova Scotia as the Tin Capital of North America.

In 1992 Rio Algom closed its tin mine in East Kemptville after demand and prices for the metal plummeted after the international cartel that controlled the product folded.

But Bubar says the whole supply and demand picture has changed since then.

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Bubar tells CJLS that once the operation is in full production, he expects a similar operation as was the case in the mid-80’s.

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Bubar cautions there is still a lot of work to be done before the mine is at full capacity.

Approximately twelve people will be employed at the site during this summer’s project.

Source: http://cjls.com/metals-company-ceo-hopeful-tin-mine-could-once-again-make-ns-tin-capital/

 

Mining company testing for possible lucrative future in East Kemptville

Posted by AGORACOM-JC at 3:13 PM on Thursday, June 18th, 2015

 

YARMOUTH – Avalon Rare Metals Inc. is proceeding with a $1.3 million work program on an East Kemptville tin-indium project. At least 12-13 positions will be created, of which Avalon expects to fill seven with locally based people.

The Rio Algom tin mine formerly operated in the area from the mid-1980s to 1992, employing 200 people in Yarmouth and Shelburne counties. It closed after tin prices dropped to levels reaching well below $3 (US) per pound. Tin is now selling for double that price.

Don Bubar, Avalon Rare Metals president and CEO, says a new mine could generate 200 jobs if findings warrant production.

The exploratory work will involve 2,000 metres of diamond drilling, metallurgical process test work and preliminary environmental studies.

The work will generate the data required to complete a preliminary economic assessment by November.

Drilling is scheduled to commence in early July and be completed in September with initial results expected in late August.

The drilling program will increase confidence in mineral resources in two zones on the property, collect fresh sample material for bench-scale metallurgical process testwork and test two exploration targets (Duck Pond and South Grid) where there are encouraging results from historical drilling.

It is anticipated that advances in process technology achieved since the 1980s will result in improved recoveries and also confirm the presence of significant indium in the zinc concentrate.

Feasibility study work is expected to begin in early 2016.

Bubar says he is delighted with the significant progress made on the East Kemptville project over the past year.

“This summer’s work program will allow us to complete a preliminary economic assessment by the end of 2015 and move us one step closer to realizing our goal of re-establishing Nova Scotia as the Tin Capital of North America,” he said.

In March 2015, Avalon was granted a new special licence by the Province of Nova Scotia covering the whole East Kemptville mine area and encompassing all the known tin deposits. The licence has a three year term expiring Jan. 31, 2018, renewable for two additional terms of one year each and requires the company to spend $5,250,000, over three years including $750,000 in the first year.

Discussions continue towards reaching an agreement to transition the property to Avalon. The parties expect to conclude an agreement later in 2015.

In addition to East Kemtpville, Avalon Rare Metals has projects underway in Separation Rapids near Kenora, Ontario and Nechalacho, Thor Lake, NWT.

Source: http://www.thevanguard.ca/News/Local/2015-06-18/article-4186926/Mining-company-testing-for-possible-lucrative-future-in-East-Kemptville/1

CLIENT FEATURE: (UBR:TSX-V) Leader in High Purity Quartz Exploration in Quebec

Posted by AGORACOM-JC at 2:38 PM on Tuesday, June 16th, 2015

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal are key strategic minerals
  • Applications in high-tech industries that include semiconductors, LCD displays, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Major silicon metal producer has confirmed interest in purchasing a significant tonnage of High Purity Quartz
  • Producer and Uragold are now proceeding with confidential discussions with the goal of signing a mutually beneficial commercial agreement.
  • (MOU) between its 100% owned subsidiary Quebec Quartz and Dorfner Anzaplan (Anzaplan) regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2).

 

What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • Used in the semiconductor industry to produce crucibles and quartz glass products, such as windows, rods, and tubes [Source].
  • Also used in the production of silicon metal, which is the base for the semiconductor wafers, made using the Czochralski Process[Source].
  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].
  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].
  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].
  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].
  • Allows weight reductions and a reduction in fuel consumption [Source].
  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].
  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].
  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

Acquired, through map staking, two silica claims directly adjacent to Sitec Silicium Quebec quartz mine located in the Charlevoix region of Quebec

Sitec Silicium Quebec quartz mine supplies silica for Sitec silicon metal foundry in Becancour and for the Elkem Metal Canada ferrosilicium foundry in Chicoutimi Quebec.

Quebec Quart, Uragold’s wholly owned subsidiary, intends to explore the claims for quartzite extensions to the north of the Silicium Quebec Mine. The Galette sector of the Charlevoix region is knows to hold high purity quartzites. The regional geology is comprised of a paragenesis and pink garnetiferous granite with units of discernable quartzites within the paragenesis.

 

Developing Quebec’s First Placer Gold Mine

Uragolds business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering world class gold deposits. The Company’s properties are located in Canada in the Appalachian region of the province of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks.

 

Beauce Placer Gold Project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project has all the required environmental permits to start its operations, and is in the final stage for obtaining a 20 year mining lease for a placer gold mining operation. It will be Quebec’s first placer mine in 50 years.

Developing an open pit gold mine in the Beauce

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

The Beauce Placer property and the Golden Hope Mines’ Bellechasse-Timmins (BT) Gold Deposit (which are both ‘nuggety’ type deposits) are located within Magog Group sediments. It should be noted that the Beauce gold project has a thick till in contrast to the Bellechasse-Timmins (BT) Gold Deposit where most of the till has been eroded away and exposed the outcrops. This suggests that both the Beauce and the Bellechasse/ Timmins deposits are genetically related – the Beauce being a placer deposit derived from an unknown Bellechasse/ Timmins type deposit.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

  • 38,000 meters drilled, 2010 to 2012
  • Gold Recovery:
    • Gravity separation up to 92%
    • Total gold (gravity + cyanidation) 99%
  • Less than 1% Bellechase-Belt explored
  • Located in the municipality of Saint-Magloire, in the Beauce region of Quebec
  • 1 ½ hour drive south of Quebec City
  • 3 ½ hours from Montreal
  • Accessible year round on all paved roads, close to urban infrastructures

Moe River Gold Property

The Moe River Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec.

The gold bearing gravels of the Moe river valley has attracted prospectors since the 1900. Between 1958 and 1962, Tamara Mining Limited worked in the Moe River area, under the direction of G. A. Blair, P.Eng. Blair defined a historical resource based on the volume of gravels in the terraces along the river. He concluded that there were between 45 to 48 million cubic yards of material in all of the terraces containing a total of 400,000 ounces of placer gold.

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Avalon Commences $1.3 Million Work Program on the East Kemptville Tin-Indium Project, Yarmouth Co., Nova Scotia

Posted by AGORACOM-JC at 4:42 PM on Monday, June 15th, 2015

  • Announced start of a $1.3 million work program on the East Kemptville Tin-Indium Project in southwestern Nova Scotia
  • Program will involve 2,000 metres of diamond drilling, metallurgical process testwork and preliminary environmental studies
  • Qork will generate the data required to complete a Preliminary Economic Assessment by November, 2015

TORONTO, June 15, 2015 — Avalon Rare Metals Inc. (TSX:AVL) (NYSE MKT:AVL) (“Avalon” or the “Company”) is pleased to announce the start of a $1.3 million work program on the East Kemptville Tin-Indium Project in southwestern Nova Scotia. The program will involve 2,000 metres of diamond drilling, metallurgical process testwork and preliminary environmental studies. This work will generate the data required to complete a Preliminary Economic Assessment (“PEA”) by November, 2015. Drilling is scheduled to commence in early July and be completed in September with initial results expected in late August. The drilling program will increase confidence in mineral resources in both the Main and Baby Zones, collect fresh sample material for bench-scale metallurgical process testwork and test two exploration targets (Duck Pond and South Grid) where there are encouraging results from historical drilling.

Bench-scale metallurgical test work has been initiated at a laboratory in the UK with expertise in processing similar tin ores. This program is designed to evaluate the metallurgical process flowsheet from grinding through to copper and zinc sulphide flotation to tin recovery by both gravity and flotation methods. It is anticipated that advances in process technology achieved since the 1980s will result in improved recoveries to all three concentrates and also confirm the presence of significant indium in the zinc concentrate. This work is targeted for completion in September, 2015 and is required to better define expected metal recoveries and concentrate grades for the PEA.

Initial environmental field work will also begin this summer with the objective of determining the scope of environmental management work that will be required going forward for inclusion in the PEA, and to define the requirements for the environmental assessment and permitting process to be carried out in conjunction with a feasibility study. Feasibility study work is expected to begin in early 2016.

Don Bubar, President and CEO stated, “I am delighted with the significant progress we have made on the East Kemptville Tin-Indium Project over the past year. This summer’s work program will allow us to complete a preliminary economic assessment by the end of 2015 and move us one step closer to realizing our goal of re-establishing Nova Scotia as the Tin Capital of North America”.

Drilling Program

The 2015 drilling program will involve some 17 holes with the following primary objectives:

  • Detailed drilling of the Baby Zone to bring Inferred Resources to the Indicated level of confidence, test potential depth extensions and map the detailed mineralogy of the zone with a focus on possible enrichment in other rare metals such as germanium and lithium. The Baby Zone is the highest grade known tin zone on the property. The 2014 drilling program yielded assays of up to 0.41% Sn, 0.53% Zn and 16.77 ppm In over 67.85 metres in the Baby Zone.
  • Limited drilling on the Main Zone, largely to collect sample material for mineralogical and metallurgical purposes, but also to test the zone to depth and increase Indicated Resources. See Avalon’s news release dated October 31, 2014 for further resource information.
  • Exploratory drilling at the Duck Pond and South Grid zones. These two known tin zones were drilled at the time of original development of the mine in the 1980s, but saw no subsequent exploration. The Duck Pond zone was tested in the past by more than 20 drill holes, returning intersections assaying up to 0.17% Sn over 42.71 metres. The results are sufficiently encouraging to suggest that there is potential to develop further mineral resources at Duck Pond. The South Grid zone is an area along trend southwest of the Baby Zone where limited widely spaced drilling has produced intersections of up to 0.31% Sn over 33.0 metres1.

Ultimately, better defining the known resources to at least the Indicated level of confidence will allow the inclusion of those resources in a feasibility study. Expanding these resources will extend the mine life and strengthen the overall business case for re-development.

Land Tenure

In March 2015, Avalon was granted a new Special Licence by the Province of Nova Scotia covering the whole East Kemptville mine area and encompassing all the known tin deposits. The Special Licence has a three year term expiring January 31, 2018, renewable for two additional terms of one year each and requires the Company to spend $5,250,000, over three years including $750,000 in the first year.

Following receipt of the new Special Licence, the site access agreement with the surface rights holder was extended until September 30, 2015 to provide the necessary access for the 2015 work program. In the meantime, discussions continue towards reaching an agreement to transition full title to the property to Avalon. The parties expect to conclude an agreement later in 2015.

Qualified Persons

The technical information contained in this document has been reviewed and approved by Bill Mercer, P. Geo. (NS) and Vice President, Exploration and Donald Bubar, P. Geo. (ONT), President and CEO, who are qualified persons for the purposes of National Instrument 43-101.

About Avalon Rare Metals Inc.

Avalon Rare Metals Inc. is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce “heavy” rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

For questions and feedback, please e-mail the Company at ir@avalonraremetals.com, or phone Don Bubar, President & CEO at 416-364-4938.

Cautionary Statement

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the commencement and completion of its work programs, that these programs will increase confidence in mineral resources and generate the data required for a PEA, that results will be available in late August, 2015, that advances in process technology achieved since the 1980s are anticipated to result in improved recoveries, that feasibility study work is expected to begin in early 2016, that a PEA will be completed by the end of 2015, that better defining the known resources to at least the Indicated level of confidence will allow the inclusion of those resources in a feasibility study, that expanding these resources will extend the mine life and strengthen the overall business case for re-development and that Avalon and the surface rights holder expect to reach an agreement later in 2015. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, the possibility of cost overruns or unanticipated costs and expenses, and unanticipated results from the work programs, as well as those risk factors set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

Cautionary Note to U.S. Investors Concerning Estimates of Reserves and Resources

Unless otherwise indicated, all reserve and resource estimates and other technical information included in this press release have been prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards for disclosure of information, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource information contained in this press release may not be comparable to similar information disclosed by United States companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserve”. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineral in mineral deposits that do not constitute “reserves” by United States standards in documents filed with the SEC. The requirements of NI 43-101 for identification of “reserves” are also not the same as those of the SEC, and reserves reported by Avalon in compliance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with United States standards.

1 The historic drill intercepts are reported in reports filed with the Nova Scotia government (i) a qualified person has not done sufficient work to verify these historical assays as reliable under NI 43-101; and (ii) the historical results should not be relied upon.

Garibaldi adds Golden Bear claims to Grizzly

Posted by AGORACOM-JC at 4:59 PM on Friday, June 5th, 2015

  • Announced the acquisition of the Golden Bear claims comprising 14 sq. km adjacent to the southern border of the Company’s B.C. flagship Grizzly Project in the Sheslay district.
  • Claims feature significant historic copper-gold showings including a massive sulphide bearing vein discovered by Chevron Minerals and North American Metals

TSXV: GGI
OTC: GGIFF 
Frankfurt: RQM

VANCOUVER, June 5, 2015 - Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce the acquisition of the Golden Bear claims comprising 14 sq. km adjacent to the southern border of the Company’s B.C. flagship Grizzly Project in the Sheslay district.

These claims feature significant historic copper-gold showings including a massive sulphide bearing vein discovered by Chevron Minerals and North American Metals during construction of the Golden Bear mine road in 1988 (the road extends across the claims).

Garibaldi President and CEO Steve Regoci commented: “We’ve made this acquisition based on our growing understanding of the scale of the Grizzly system, not only west to east but north to south. What’s intriguing about the Golden Bear claims is the historic high-grade Wolverine gold showing, the extensive gold and copper-in-soil anomalies, and the fact that this promising area has never been drill-tested. These claims are very complementary to our ongoing exploration program at the Grizzly and they’ve been acquired at an opportunistic time in the market cycle.”

Under the terms of the arms-length agreement (dated May 11, 2015) for the Golden Bear claims, which expands the Grizzly to 286 sq. km, Garibaldi will issue 150,000 shares in exchange for a 100% interest subject only to a 2% NSR in favor of the vendor, half of which Garibaldi can buy back for $1 million CDN.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851 Web Site: GaribaldiResources.comCopyright CNW Group 2015

KWG Acquires Ring of Fire Claims From MacDonald Mines

Posted by AGORACOM-JC at 2:08 PM on Friday, June 5th, 2015

  • Agreed to acquire the 5-claim Hornby Property from MacDonald Mines Exploration Ltd. for 4 million treasury shares of KWG
  • vendor will retain a 2% NSR, half of which may be purchased by KWG for $1 million at any time prior to production from the property

TORONTO, ONTARIO–(June 5, 2015) - KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) has agreed to acquire the 5-claim Hornby Property from MacDonald Mines Exploration Ltd. for 4 million treasury shares of KWG. The vendor will retain a 2% NSR, half of which may be purchased by KWG for $1 million at any time prior to production from the property. KWG will also have the first right to buy the balance of the NSR at any time the holder proposes to sell it.

The Hornby Property claims constitute an extensive holding adjoining the southerly boundary of the Big Daddy Joint Venture property immediately to the north and would effectively double the surface area available for possible future mining operations at the Big Daddy deposit and the adjoining Black Thor deposit. The property is also adjacent to the Koper Lake property to the west that contains the Black Horse chromite deposit. The westernmost claim is underlain by the Ring of Fire Intrusion, the host rock of all the chromite deposits, and as such represents an important unexplored gap. The property carries banked assessment credits exceeding $390,000 which will provide almost 10 years of tenure. To view an updated claims map showing chromite deposit ownership in the Ring of Fire, click on the following link:www.kwgresources.com/_resources/maps/Chromite_Deposit_Ownership_Ring_of_Fire_Ontario.pdf.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The company has determined that the reduction method can be employed to metalize finely ground chromite which may be recovered from slurry delivered to Aroland in an underground pipeline constructed within the Canada Chrome claims.

Shares issued and outstanding: 813,526,118

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com
www.kwgresources.com

DuSolo Secures Multi-Year DANF Sales Contract for Proceeds Totaling C$5.5M

Posted by AGORACOM-JC at 8:17 AM on Thursday, June 4th, 2015

  • Entered into a two-year, 60,000 tonne sales contract (30,000 tonnes per year for its 15% P2O5 Direct Application Natural Fertilizer (“DANF”) product with a local Brazilian fertilizer distributor 
  • Over the term of the Contract, the Buyer has agreed to pay BRL230 per tonne for total proceeds of BRL13,800,000 or approximately C$5,500,000 (all figures as per the June 3, 2015 exchange rate).

VANCOUVER, BRITISH COLUMBIA–(June 4, 2015) - DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) is pleased to announce that it has entered into a two-year, 60,000 tonne sales contract (30,000 tonnes per year) (the “Contract”) for its 15% P2O5 Direct Application Natural Fertilizer (“DANF”) product with a local Brazilian fertilizer distributor (the “Buyer”). Over the term of the Contract, the Buyer has agreed to pay BRL230 per tonne for total proceeds of BRL13,800,000 or approximately C$5,500,000 (all figures as per the June 3, 2015 exchange rate).

“We are happy to be entering into yet another significant sales contract for this planting season,” said Eran Friedlander, President and CEO of DuSolo. “Being the sole local supplier of DANF in the region, our product is in demand as it offers local farmers a high quality fertilizer at competitive prices. We are currently in negotiations with a number of local agri-businesses for our DANF product and expect to announce more sales contracts in the coming weeks.”

The Buyer has made an advance payment of BRL115,000 or approximately C$45,600 for immediate delivery of 500 tonnes of DANF product. The Buyer has further committed to pay BRL575,000 or approximately C$228,500 for an additional 2,500 tonnes of DANF product, to be delivered by July 1, 2015.

This year the Company has secured the following sales contracts: 40,000 tonnes for approximately C$4,400,000 (announced January 12, 2015), 10,000 tonnes for approximately C$1,300,000 (announced April 7, 2015) and 1,100 tonnes for approximately C$102,000(announced April 21, 2015). In total, DuSolo has sales contracts in place for 81,100 tonnes of DANF product totaling approximately C$8,500,000 for the 2015 planting season, and an additional 30,000 tonnes for the 2016 planting season.

ABOUT DUSOLO

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

The Company’s shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of the Board of Directors

DuSolo Fertilizers Inc.

Eran Friedlander, President and CEO

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Disclosure

The Company is not basing its decision to begin production of DANF on a feasibility study of mineral reserves demonstrating economic and technical viability. Without a technical report demonstrating economic and technical viability, there is increased uncertainty as to whether DuSolo will be able to economically produce DANF products and as to whether DuSolo will be confronted with any unforeseen technical impediments. Similarly, the Company has not completed a preliminary economic assessment before making production and project expansion decisions.

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

DuSolo Fertilizers Inc.
Eran Friedlander
President and CEO
(604) 272-7157
ir@dusolo.com
www.DuSolo.com