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Durango Returns to Limestone Project Near Terrace, BC $DGO.ca

Posted by AGORACOM-JC at 8:41 AM on Thursday, December 1st, 2016

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  • Geological team has been dispatched to Terrace, British Columbia for a follow-up visit to its 100% owned Mayner’s Fortune limestone project
  • 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units

Vancouver, BC / TheNewswire / December 1, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news of November 1st, 2016, a geological team has been dispatched to Terrace, British Columbia for a follow-up visit to its 100%-owned Mayner’s Fortune limestone project.

The 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units. Durango recently completed its first phase of exploration program on its limestone properties which included sampling to test limestone quality and mapping to confirm historical reports. Additional updates including assay results will be provided as they become available.

Marcy Kiesman, CEO of Durango will meet with representatives of local interest groups in efforts to maintain open communication and dialogue and to form potential partnerships as they may arise.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, 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 commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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 its 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.

Nemaska Lithium’s Deposit Extends Towards Durango’s NMX East Project $DGO.ca

Posted by AGORACOM-JC at 2:01 PM on Wednesday, November 30th, 2016

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  • Announced that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project
  • Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke

Vancouver, BC / November 30, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project.

As stated in Nemaska Lithium’s news release dated November 28, “…the Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke. The Doris zone starts in the southwest and is open along strike to the northeast. Doris appears to run parallel to main zone which extends for 1.2km to the northeast.” (1)

Durango’s 100%-owned NMX East ground adjoins the eastern boundary of the Whabouchi property, where the Doris zone remains open, and lies less than 1.5km from the proposed Whabouchi pit. Durango’s geological team identified a pegmatite intrusion at NMX East running parallel to Nemaska Lithium’s main zone which returned anomalous lithium and rubidium values. (2)

The Company has renewed the strategically located NMX East claims for an additional two years and intends to begin stripping and/or drilling of the pegmatite targets in the new year to determine the full extent of the intrusive bodies. Durango met with drilling contractors at the Quebec Mines convention in Quebec City last week, as announced on November 21, 2016, and will announce further details as they become available.

A map of Durango’s NMX East property in relation to the Whabouchi lithium deposit is available on the Durango Resources website:

http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Marcy Kiesman, CEO of Durango stated, “LCT pegmatite intrusions are known to occur in groups spanning tens of square kilometres. Considering the proximity of the NMX East lithium-bearing pegmatite intrusions to the Whabouchi deposit, we see a great amount of potential for discovery on our ground.”

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

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

References

  1. (1)Nemaska Lithium Inc. news release dated November 28, 2016.
  2. (2)Durango Resources Inc. news release dated September 21, 2016

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

Explor Intersects 2.187% Copper Over 9.66 Meters on the Chester Copper Property $EXS.ca

Posted by AGORACOM-JC at 8:38 AM on Wednesday, November 30th, 2016

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  • Intersects 2.187% Copper Over 9.66 Meters
  • Chester Property is known to contain both a copper deposit and a VMS deposit
  • Copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu

ROUYN-NORANDA, QUEBEC–(Nov. 30, 2016) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1) is pleased to announce the completion of 12 Diamond Drill Holes for a total of 2,027 meters on the Chester Copper Property. The Chester Copper property is located in the Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, New Brunswick, within the Bathurst Mining Camp. This area has an extensive history in base metal production from VMS deposits.

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

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

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

A total of 4 diamond drill holes were drilled on claim 1571. The first three diamond drill holes that were drilled were fan holes from the same location. This successfully tested the extension of the copper stringer zone for a distance of 190 meters west of previous drilling. The fourth drill hole was located approximately 100 meters west (and 38 meters south) of the first three drill holes, confirming the continuity of the mineralization to the west and adding 100 meters of strike length to the known deposit. It intersected the target horizon and favorable geology from 94 meters to 234.6 meters.

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

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

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

Preliminary results are shown below for Hole # 1571-16-001:

Summary of results from Drill hole 1571-16-001:
From (m): To (m): Length: (m) Au (ppb) Ag (ppm) Cu % Zn (ppm) Pb (ppm)
Zone 1 78.50 81.50 3.00 142 7.36 2.383 1708 138
Zone 2 86.00 89.10 3.10 57.3 3.91 1.808 608 75
Zone 3 119.00 122.55 3.55 113 6.65 7.973 932 86
Zone 4 135.00 144.50 9.50 31 1.06 0.976 141 25
includes: 137.80 144.50 6.70 33 1.28 1.240 144 25
and 142.00 144.50 2.50 39 2.08 2.308 220 25
Zone 5 153.00 162.66 9.66 84 1.93 2.187 198 36
includes 153.00 154.50 1.50 58 1.40 1.310 192 40
and 161.35 162.66 1.31 416 9.55 13.810 710 91
Zone 6 177.80 179.70 1.90 72 3.31 2.323 346 62

A total of 6 zones of copper mineralization were intersected in the above referenced Hole # 1571-16-001 Samples have been sent to the lab and assays are pending.

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

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

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

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

About Explor Resources Inc.

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

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

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

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

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

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

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

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

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

Explor Closes a First Tranche of a Private Placement in Common and Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:35 PM on Tuesday, November 29th, 2016

Exs logo

  • Closed a first tranche of a non-brokered private placement of a maximum of 11,764,705 common shares and/or flow-through shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000
  • Each common share is accompanied of one-half of a share purchase warrant, one whole warrant and $0.15 being required for the acquisition of one common share of the Corporation at the latest 24 months from each closing

ROUYN-NORANDA, QUEBEC–(Nov. 29, 2016) - Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the Corporation) is pleased to announce that it has closed a first tranche of a non-brokered private placement of a maximum of 11,764,705 common shares and/or flow-through shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000. Each common share is accompanied of one-half of a share purchase warrant, one whole warrant and $0.15 being required for the acquisition of one common share of the Corporation at the latest 24 months from each closing (the “Private Placement“).

The first tranche of the Private Placement closed today consists in the sale of 588,235 common shares, of 2,235,294 flow-through shares and the issuance of 294,118 warrants. This represents an aggregate subscription of $240,000, out of which $170,000 will have to be incurred by the Corporation in exploration expenditures on mining properties located in the province of Québec and $20,000 will be incurred on mining properties located in the province of Ontario. There are no finder’s fees payable for the securities issued upon this first closing.

The securities issued pursuant to the first closing of the Private Placement are subject to a hold period of four months and a day ending March 30, 2017.

The Private Placement is subject to the final approval of the TSX Venture Exchange.

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

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

About Explor Resources Inc.

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

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

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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

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

Pacific North West Capital Corp. Expands The Lithium Two Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 11:12 AM on Tuesday, November 29th, 2016

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  • Additional claim added to the Lithium Two Project-Surface samples from the Eagle Pegmatite yielded assays up to 3.04% Li2O
  • Surface samples from the FD No. 5 Pegmatite yielded assays up to 2.08% Li2O
  •  Follow-up surface sampling ongoing
  •  Drilling planned for early 2017

November 29th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments has acquired additional ground from Mustang Minerals Corp. (Mustang), increasing the size of the Lithium Two Project.

Following up on the Lithium grades previously released on the Lithium Two Project (News release Nov. 17th, 2016) from surface sampling of the Eagle and F.D. No. 5 Pegmatites, the company decided to enact a clause in their agreement with Mustang and acquire additional ground. This ground has been acquired at no additional cost and the size of the project area has doubled. The company considers the Cat Lake Area to be highly prospective for potentially economic lithium deposits. Numerous pegmatites in the region are Spodumene-Bearing and of the Lithium-Cesium-Tantalum (LCT) type of pregmatites, which are ideal for lithium potential. The Lithium Two Project is located north of Cat Lake, approximately 145 kilometres (90 miles) northeast of Winnipeg, Manitoba (Canada) and 22 kilometres north of the Tanco Mine Site (Figure 1). Geologically, the project is situated in the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite.

Two historically known Pegmatites exist on the project area, the Eagle Pegmatite and the F.D. No. 5 Pegmatite. Surface sampling of the Eagle Pegmatite returned assays up to 3.04% Li2O. This pegmatite extends onto the CAT 4 claim to the west. It is the CAT 4 claim that has been acquired from Mustang.

The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Pegmatite Dykes (Spodumene is a lithium bearing mineral found in Pegmatite Dykes) over a distance of approximately 823 metres. In 1947, drilling of the Eagle Pegmatite estimated that there was 545,000 tonnes (600 000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 60 metres (200 feet). This is a historic estimation and not NI 43-101 compliant. The Eagle Pegmatite remains open to depth. Additional surface sampling of the pegmatites is ongoing. Drilling of the Pegmatites is planned for early 2017.


Click Image To View Full Size


Click Image To View Full Size

To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential in the Cat Lake-Winnipeg River Pegmatite Field of southeast Manitoba. PFN is the largest mineral claim holder in the Pegmatite Field. As part of company’s Prospector Generator Model, negotiations are currently ongoing with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives.

ABOUT PFN’S PGM DIVISION

PFN’s flagship project is its 100% owned River Valley PGM Project (PFN Website – River Valley Project) in the Sudbury Mining District of northwest Ontario (60 kilometres due east of Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus gold. River Valley PGM-copper-nickel sulphide mineralized zones remain open to expansion and is undergoing continued exploration. Results are expected from the fall drill program in the next few weeks.

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 Pacific North West Capital Corp. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

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.

AIM Exploration Inc. Provides Winter 2016 Corporate Update $AEXE.us

Posted by AGORACOM-JC at 8:37 AM on Tuesday, November 29th, 2016

1a93cd37a17b71f3562bd2343552

Mining Operations Logistics and Commencement for 2017

  • Originally formed with the objective to develop a Feldspar mine in the Philippines and source other valuable mining properties worldwide
  • In mid-2014, AIM acquired what is considered a rich anthracite coal mining concessions in Peru
  • Developed a very strong relationship with an Indian firm (Prina Energy) to market the coal and is now in the final stages of setting up a joint venture operation headquartered in Dubai UAE DMCC
  • Anticipated that commencing January 2017 all the operations will be underway and shipping of coal is anticipated for March 2017

HENDERSON, NV / November 29, 2016 / AIM Exploration Inc. (OTC: AEXE) $AEXE was originally formed with the objective to develop a Feldspar mine in the Philippines and source other valuable mining properties worldwide. In mid-2014, AIM acquired what is considered a rich anthracite coal mining concessions in Peru.

Through this acquisition, AIM acquired ownership/control over 1,000 hectares of mining concessions located in Peru following an assessment.

By USA geologist/ mining engineer (Mr. Karl Gurr of Gustafson and Associates). The concessions appeared to be rich with anthracite coal and all samples tested indicated a very high quality of anthracite. On one section of the property, there were and continues to be approximately 20 operating mining tunnels that are being operated by artesian miners who reside close by. AIM has continued to allow the artesian miners to operate on their own. However, the company has contracted with virtually every miner to work strictly for AIM. In addition, AIM, intends to further explore and develop the properties. One of the reports the previous owners (Percana) obtained by a qualified Peruvian geologists estimated there are in excess of six hundred million tons of coal within their properties. We must advise, however, this report is not 43-101 compliant and therefore cannot be relied upon for investment purposes. Nonetheless, AIM believes strongly in the report.

AIM has developed a very strong relationship with an Indian firm (Prina Energy) to market the coal and is now in the final stages of setting up a joint venture operation headquartered in Dubai UAE DMCC, a strategic move for long-term growth and profitability for AIM, Prina has strong ties in the UAE not only with high-level long-term buyers but access to appropriate financing which AIM will require for operational working capital.

This joint venture will be completely set up in the very near future and operations will commence.

It is anticipated that commencing January 2017 all the operations will be underway and shipping of coal is anticipated for March 2017.

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

Contact: info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexedb
Website: www.aimexploration.com

AIM Exploration Inc. 
J.R. (Bob) Todhunter

SOURCE: AIM Exploration Inc.

Demand for battery metals set to soar: analysts $DGO.ca $PFN.ca $FMR.ca $SX.ca $BFF.ca

Posted by AGORACOM-JC at 3:31 PM on Monday, November 28th, 2016

 

 

  • “Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.
  • At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

London (Platts)–28 Nov 2016 948 am EST/1448 GMT

With nearly every forecast predicting higher battery use in the years ahead, especially lithium-ion batteries to power new and existing technologies largely in the automotive and consumer goods markets, demand for its component metals are set to soar, speakers at this year’s Mines and Money conference said Monday.

This includes cobalt, nickel, manganese, graphite and, most importantly, lithium itself.

“Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.

At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

“Technological advances and cost reduction in the last two years have been remarkable and nothing short of a revolution,” Reid said. “The main growth driver up to now has been consumer goods but what will take it to the next level is road transport.”

Driven by consumer demands for energy efficiency and the industry’s necessity to meet emissions targets, electric vehicle growth has accelerated in recent years, up 55% on the year to around 700,00 vehicles in 2016.

This still only accounts for less than 1% of the 80 million vehicles sold globally each year, yet there are signs that this could change rapidly.

The world’s largest vehicle manufacturer, Volkswagen, estimates it will be producing 2 million-3 million electric vehicles by 2025. Extrapolated across the industry this could mean a 30-40% market share for EVs.

In the US, Tesla outsold Mercedes in the luxury car market in 2016 for the first time in 40 years.

For Reid, this would mean an extra 800,000 mt of lithium demand by 2025, with a significant pickup of cobalt, nickel and graphite, and also silicon.

And it is not only electrical vehicles. With growing power generation expected from renewables, storage of the electricity generated will become more and more important.

Luke Kissam, CEO of one of the world’s largest lithium producers, Albermale, forecasts an extra 8,000-10,000 mt/year of lithium demand by 2020, with wholesale electronic storage expected to play a major role.

At the same time, lithium demand already significantly outpaces supply. Spot prices in China have reached $25,000/mt this year, compared with long-term contract prices of $4,000-$7,000/mt, reflecting its scarcity.

According to Roskill analyst David Merriman, the lithium market has been in deficit since 2013, largely because of demand outpacing supply growth.

Although stockpiles of minerals and concentrates have kept most end-processors overall well-supplied this year “increased control of feedstock, and later refined product, has led to a virtual tightness in lithium supply,” Merriman said.

While battery demand for lithium is currently only around 38% by end-use at 66,000/mt in 2015, it is expected to rise to 58% by 2020, he said.

At 35,000 mt, battery demand for cobalt is expected to increase from 39% by end-use to up to 50%. Graphite, up to 7% from 2% currently.

And although the lithium-battery industry is waking up to raw material issues, “based on short-term growth projections it may be too late to prevent an impact,” Merriman said.

Yet some concerns remain, especially over how much new supply will affect prices in the near to medium term.

“The demand story is there and it is well recognized, but the concern is the amount of potential supply coming online,” Macquarie’s metals analyst Stefan Ljubisavljevic said in a panel discussion Monday.

“There’s a lot of volume to come to market in the next 12-18 months and, unless there is ‘hockey stick’ demand from EVs, it is unlikely the market can absorb all that volume without prices softening,” he said.

While much of the supply chain to 2016 came from junior mining firms, new supply is expected to be largely from the larger producers, according to Merriman, such as Chile’s SQM, America’s Albermale and China’s Tianqi.

“Since 2016 incumbent producers have become more active in expansion, investment and increased overall exploration and production,” Merriman said. “Prices have incentivized both incumbent and junior companies to expand.”

–George King Cassell, george.king.cassell@spglobal.com –Edited by Jonathan Fox, jonathan.fox@spglobal.com

Source: http://www.platts.com/latest-news/metals/london/demand-for-battery-metals-set-to-soar-analysts-26606940

 

Explor Resources Exploration Program Update on the Timmins Porcupine West Gold Property $EXS.ca

Posted by AGORACOM-JC at 4:37 PM on Thursday, November 24th, 2016

Exs logo

  • Announced an Exploration Program Update on the Timmins Porcupine West Property as provided by Teck Resources Limited
  • In December 2014, the Corporation signed an agreement with Teck under which Teck can acquire an initial 55% interest in the Timmins Porcupine West property by completing exploration work expenditures totaling $8,000,000 by May 1st, 2019

ROUYN-NORANDA, QUEBEC–(Nov. 24, 2016) - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce an Exploration Program Update on the Timmins Porcupine West Property (“TPW Property” or the “Property“) as provided by Teck Resources Limited (“Teck“). In December 2014, the Corporation signed an agreement with Teck under which Teck can acquire an initial 55% interest in the Timmins Porcupine West property by completing exploration work expenditures totalling $8,000,000 by May 1st, 2019.

A technical meeting was held on October 07, 2016 that reviewed results to date as well as plans going forward on the property as detailed below.

In 2016, the focus has been reviewing the volume of data received in 2015, and developing vectors to mineralization in order to make drilling more efficient. Key points of this work included:

  1. Development of a ‘sericite index’ reflecting particular white mica compositions, as mapped by Short Wave Infrared (“SWIR”) techniques, which have a close spatial association with high grade gold intersections.
  2. Identification of key geochemical pathfinders to mineralization, including zinc, sulphur, lead, iron, among others.
  3. The combination of the alteration with the geochemistry can be used to identify ‘near-hit’ holes, and potential upside for West-Deep style mineralization.

The work completed by Teck to date has confirmed and identified a hydrothermal corridor (the “Porcupine Horizon”) through geochemistry and SWIR data, and selection of ‘near-hit’ holes, techniques were investigated in an effort to vector to mineralization within this plane, and to increase drill metre efficiency through geophysics.The results of the alteration and geochemistry studies support the hypothesis of an approximately east-west corridor hydrothermal corridor, within which the West Deep Zone defines a discrete ore shoot. In April 2016, Teck conducted a borehole physical property survey using in-house equipment, as well as non-destructive benchtop studies of known mineralization to identify geophysics options.

The results indicated that mineralization is chargeable (IP), but produces false anomalies (non-gold bearing pyrite zones). The results also indicated that mineralization is conductive (EM), and did not produce significant false anomalies. The results of these studies indicate that EM should be able to detect West-Deep style mineralization.

Following the petro-physics work, a borehole EM study was designed to test real-world efficacy of the method. 4 holes were tested (TPW-11-43W6, TPW-11-45W3, TPW-10-34, and TPW-15-120) in order to confirm the method can detect mineralization in the West Deep zone, and to test the distance resolution of the technique.

  1. The technique was able to detect mineralization within approximately 30m of the boreholes. While this is useful for guiding step-out drilling within a shoot, it does not seem to see far enough off-hole to identify shoots around near-hit holes.
  2. Based on the results of the borehole EM, a VTEM survey was supported. Theoretical modeling of the EM response suggests that the VTEM technique should be able to detect a West-deep size body within approximately 200m of the surface (varying with size and conductance of a targeted body), with the opportunity to identify new shoots. The VTEM survey was flown the week ending September 23rd, and results are pending data processing by the contractor.

As far as expenditures on the property are concerned, Teck has forecasted approximately CA$316,000 expenditures for calendar year 2016. This brings the total forecast earn-in expenditures to approximately $2,130,000 CDN to year end.

Teck stated that as far as a fall/winter 2016/2017 drill program is concerned, Teck has planned a program and is presently waiting for budgetary approval as a program has been put forward.

The Timmins Porcupine West Gold Property consists of 185 unpatented mining units and 3 patented claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3,200 hectares. The highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east. The 3-D geological model may be viewed on our website: www.explorresources.com. The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 meters long and 45 meters wide and open below 350 meters of vertical depth.

The Timmins Porcupine West Project has a structural target model developed by Explor based on the “Hollinger-McIntyre-Coniaurum System”. The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold and is spatially associated with the Pearl Lake Porphyry.

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

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

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

About Explor Resources Inc.

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

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

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows: 
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows: 
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

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

A map of TECK RESOURCES LIMITED – TIMMINS PORCUPINE WEST 2015 DRILLING is available at the following address: http://media3.marketwire.com/docs/161124_EXS_Map.pdf

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

INTERVIEW: PFN Capital (TSXV: PFN) At the Forefront of PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 4:35 PM on Wednesday, November 23rd, 2016

  • 100% owned River Valley PGM resource in Northern Ontario is one of the largest undeveloped primary PGM resources in Canada
  • Measured + Indicated resources contain ~ 2,500,000 ounces PGM + Gold
  • Resource under Evaluation for Development Potential as Open Pit Mining Operation

Hub On AGORACOM / Corporate Profile / Watch Interview

Tartisan Resources Corp. Announces Closing of the First Tranche of the Private Placement for Proceeds of $100,000 $TTC.ca

Posted by AGORACOM-JC at 10:40 AM on Wednesday, November 23rd, 2016

Tartisan logo copy

  • Announced the closing of the first tranche of the Private Placement announced yesterday  
  • The proceeds from today’s closing amount to $100,000.

Toronto, Ontario (FSCwire) – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of the first tranche of the Private Placement announced yesterday . The proceeds from today’s closing amount to $100,000.

Private Placement

Tartisan Resources Corp. has raised  $CDN 100,000 via non-brokered private-placement at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire interests in available properties and projects in Peru and Ontario.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 61,169,982 shares outstanding (78,759,982 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release)

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan11232016.pdf