Agoracom Blog Home

Posts Tagged ‘#mining’

Durango Provides Update On Limestone Projects Near Potential Petronas Lng Project $DGO.ca

Posted by AGORACOM-JC at 9:26 AM on Thursday, September 29th, 2016

Logo

  • Announces its plans to advance its limestone projects near Prince Rupert, British Columbia 
  • Preparing for the increase in aggregate and limestone required for infrastructure construction related to the potential construction of the Pacific NorthWest LNG export terminal in Northern British Columbia.
  • Company is presently in the final stages of preparation for its upcoming phase 1 exploration program on its limestone properties

Vancouver, BC / September 29, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces its plans to advance its limestone projects near Prince Rupert, British Columbia to prepare for the increase in aggregate and limestone required for infrastructure construction related to the potential construction of the Pacific NorthWest LNG export terminal in Northern British Columbia.

On September 27, 2016, the federal Liberal cabinet conditionally approved construction of the Pacific NorthWest LNG project, a proposed $11.4 billion terminal to export liquefied natural gas in Northern British Columbia.

Durango plans to move forward on its limestone projects near the proposed LNG facility. The Company is presently in the final stages of preparation for its upcoming phase 1 exploration program on its limestone properties.

The Globe and Mail report on business stated on September 27, 2016, “Constructing Pacific NorthWest LNG would be a massive shot in the arm for the B.C. economy. The consortium estimates the total cost at $36-billion by its completion in 2021, including the construction of the liquefaction terminal and pipelines that would connect with natural gas supplies…” In the same article, Conservative interim leader Rona Ambrose stated, “this is a project that will create thousands of jobs, create billions of dollars in investments and it is a project that’s absolutely necessary for the prosperity of this country.” (1)

Marcy Kiesman, CEO of Durango, comments, “Durango is very pleased with the decision from the federal government and looks forward to Petronas determining its path forward for the project. In anticipation, we will be actively moving forward with exploration programs on our limestone projects in the area.”

Durango currently holds the past producing Smith Island limestone project located 6km southwest of Lelu Island which is where Petronas’ $36B proposed LNG facility is expected to be built. Durango also holds a 320-hectare property called the Mayner’s Fortune located 7.5km southwest of Terrace, B.C. which hosts six mapped sub parallel limestone units.

References

  1. (1)http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/pacific-northwest-lng-decision/article32092033/

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.

American Creek Resources Provides Update on Treaty Creek, Electrum, Austruck-Bonanza, Red Tusk and Gold Hill Property Exploration $AMK.ca

Posted by AGORACOM-JC at 9:09 AM on Thursday, September 29th, 2016

Hublogolarge2_copy

  • Recently completed an extensive magnetotelluric geophysical survey and is currently conducting a diamond drill program. Results from the program are expected this fall.
  • Concluded a diamond drilling program and is currently completing a blast trenching program on the New Blast zone

CARDSTON, ALBERTA–(MSept. 29, 2016) - American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek” or “the Corporation”) is pleased to provide a report on the various exploration programs being conducted on several of the Corporation’s British Columbia properties:

Treaty Creek Property

The Treaty Creek project is located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack (Valley of the Kings) project.

Tudor Gold Corp. (“Tudor”) is the operator and holds a 60% interest in the JV project with American Creek and Teuton Resources Corp. each holding a 20% fully carried interest to production.

Tudor has recently completed an extensive magnetotelluric geophysical survey and is currently conducting a diamond drill program. Results from the program are expected this fall.

Electrum Property

The Electrum property is also located in the “Golden Triangle” approximately 45 km north of Stewart between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. The Electrum shares similar geology to both the Brucejack and the Premier. The project is a JV between Tudor (60%) and American Creek (40%).

Tudor has concluded a diamond drilling program and is currently completing a blast trenching program on the New Blast zone. Initial trenching results reported by Tudor on Sept 12, 2016 included silver grades up to 30,200 g/t within the vein system. Results from the diamond drilling and trenching are expected this fall.

Austruck-Bonanza Property

American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is within 100 meters of the Bonaparte pit where in 1994, a 3,425 ton bulk sample averaging 26 g/t gold was taken. In July of 2016, WestKam reportedly began a 10,000 tonne bulk sample program to further test other near-surface high grade gold veins.

A field program consisting of geochemical sampling, mapping and a magnetic survey is currently underway on the property.

Red Tusk Property

The Red Tusk property is one of four new properties recently optioned by the Corporation. It is located approximately 12 km west of Squamish. Historic work on the property resulted in the discovery of several mineralized zones containing high grade gold, silver, lead and zinc.

An exploration team has been retained by the Corporation and is presently on the property conducting field mapping and sampling of mineralized zones. Information from this program will aid in determining future exploration work.

Gold Hill Property

American Creek holds a 100% interest in the Gold Hill property located east of Fort Steele in the Boulder Creek watershed. The Wildhorse River, to which Boulder Creek is a headwater tributary, is the site of one of Canada’s biggest historic gold rushes with approximately 42 tonnes of placer gold reportedly being recovered from the Wildhorse below the confluence of Boulder Creek.

A field mapping and geochemical sampling program is currently being conducted on the property. Work also included a magnetic survey that was recently completed in the area known as the Big Chief where several historic adits were driven into high grade gold veins.

About American Creek

American Creek is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of gold and silver mineral deposits within the Province of British Columbia, Canada.

In addition to the properties mentioned above, the Corporation also owns or has optioned the Ample Goldmax, Silvershot, Silver Side, Glitter King, and D1-McBride properties.

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

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

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

HPQ: Analysis Confirms Purity as High as 99.97%, Process Demonstrates Significant Capacity to Remove Impurities Including Boron, Pathways to Higher Purity Being Implemented in New Testing Program $HPQ.ca

Posted by AGORACOM-JC at 7:43 AM on Thursday, September 29th, 2016

Hpq_large

Bernard Tourillon, Chairman and CEO of HPQ-Silicon stated,

  • Thrilled with the final results from our Phase 1 testing program 
  • Officially achieved almost 4N material purity
  • Now have the data necessary to implement the pathway to higher purity levels, right up to Solar Grade Silicon Metal.
  • Especially pleased with the fact the PUREVAPtm Quartz Reduction Reactor exceeded our expectations by producing 99.97% purity material on the first attempt,
  • Significant removal of impurities including Boron.

MONTREAL, QUEBEC–(Sept. 29, 2016) -

Note to Editors: there are photos associated with this press release

HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has received from PyroGenesis Canada Inc (“PyroGenesis”) a report summarizing the results from the 15 tests that made up the “Phase 1 – Proof of Concept Metallurgical Tests Program”, completed between March 29th, 2016 and July 22th 2016. The results demonstrate the PUREVAP™ QRR concept of combining different known steps into a one step process has now been validated by the results from the Phase 1 proof of concept metallurgical testing program. The report includes data and analysis from all tests completed by:

  • PyroGenesis Canada Inc., the world leader in the design, development, manufacture and commercialization of advanced plasma processes;
  • INRS – ETE, (Institut National de la Recherche Scientifique, Eau Terre Environnement) Quartz, Carbon and Silicon Purity tests completed during the year;
  • Evans Analytical Group, (“EAG” of Liverpool, NY, USA) – Glow Discharge Mass Spectrometry (“GDMS”) and;
  • Centre de Caractérisation Microscopique des Matériaux (CM2), located at the École Polytechnique de Montréal – Scanning Electron Microscope with X-ray microanalysis (SEM-EDS).

Bernard Tourillon, Chairman and CEO of HPQ-Silicon stated, “To say that we are thrilled with the final results from our Phase 1 testing program is an understatement. We have officially achieved almost 4N material purity and, more importantly, now have the data necessary to implement the pathway to higher purity levels, right up to Solar Grade Silicon Metal. We are especially pleased with the fact the PUREVAPtm Quartz Reduction Reactor exceeded our expectations by producing 99.97% purity material on the first attempt, as well as impressing us with its’ significant removal of impurities including Boron. This latter point is of great importance to the industry and demonstrates the capability of the PUREVAP process.

GENERAL SUMMARY OF RESULTS AND MAJOR MILESTONES

PyroGenesis’ Testing Program confirmed that the PUREVAPtm Quartz Reduction Reactor (“QRR”) is working as expected. Key milestones are being reached and the pathway to higher purity, up to Solar Grade Silicon Metal “SGSi”, have been identified and are being implemented in the newly started Phase 2 test program (PR Dated September 1, 2016).

The key major milestones and results are as follows:

  1. Analysis of silicon material created by the Purevap™ Process, by third party independent laboratories, confirm that the process:
    1. Is capable of producing high purity Silicon Metal, (99.9+% Si) as shown by Scanning Electron Microscope (SEM) work done by the INRS1 and at CM22;
    2. Is capable of producing high purity material as shown by GDMS analyses completed by EAG, with results of up to 99.97% (3N+) purity achieved (Table 3 for complete results);
    3. Is capable of removing key impurities from the final product, notably Boron (B), the most difficult impurity to remove when making Solar Grade Silicon Metal. This is an important outcome, as the presence of Boron in SGSi negatively affects the conversion efficiency of solar grade cells;
    4. Can attain even higher purity levels in the current second phase of testing as planned process adjustments are tested and process improvements are implemented following receipt of the GDMS analysis result.
  2. Achieving the significant removal of impurities is a major milestone as it validates the Company’s claim that PUREVAPtm QRR can transform our Quartz (SiO2) into Silicon Metal (Si), while removing impurities in a single step;
  3. Progressive test work during the PUREVAPtm QRR Phase 1 program advanced the process from producing sporadic and thin layers of Silicon Metal (from either the tip of the electrode or the bottom of the crucible), to producing meaningful sizes of Pure Silicon Metal Nuggets, shown in Image 1, below. This is a major milestone for the following reasons:
    1. Analysis of nuggets is simpler and quicker, reducing turnaround times for the current, Phase 2 series of tests, thereby improving the information feedback loop needed by PyroGenesis and improving the chances of success;
    2. It will allow for the preparation of samples in sufficient quantity to be sent to potential end buyers.

To view Image 1, please visit the following link: http://media3.marketwire.com/docs/1070961_1.pdf

1 Press release dated June 29, 2016

2 From PyroGenesis Canada Inc Technical Memo: “TM-2016-756 – SEM/EDS analysis conducted at the CM2 ”

“We are clearly breaking new ground in a very exciting industry where the initial results are very promising,” said P. Peter Pascali, President and CEO of PyroGenesis. “Key milestones are being reached and the path towards higher purity levels is becoming ever clearer. We do not expect the future to be without its challenges, but so far we could not have hoped for better results than what we have produced.”

RESULTS FROM EAG GDMS TESTS CONFIRMS NEAR COMPLETE IMPURITY REMOVAL BY THE PUREVAP™ QUARTZ REDUCTION REACTOR (“QRR“) FOR Al, B, Ca, AND P

As predicted by PyroGenesis Theoretical Model for the PUREVAPtm QRR, (March 3, 2016 Press Release), the test results clearly indicate that the process can successfully remove impurities from the material while transforming SiO2 into Silicon Metal (Si) in one step.

  • Impurity removal efficiencies for Al, Ca and P were consistently high, between 67 % and 97 % for test #6, #7, #9, #10 and #15.
  • The most impressive results emanating from Phase 1 testing is the capability of the PUREVAPtm QRR to remove Boron (B) from the final material produced, with consistently high Boron removal ranging between 83 % and 98 % for test #6, #7, #9, #10 and #15.
    • Boron and Phosphorous (P) are the most challenging impurities to remove for the production solar grade silicon. Their removal is critical since elevated contents in silicon materials will negatively affect the conversion efficiency of solar grade cells, the maximum tolerance for B and P in Solar Grade Silicon Metal are respectively 0.3 ppm and 0.1 ppm;
    • Phase 1 test work achieved concentration level as low as 0.41 ppm for B and 0.31 ppm for P, a very encouraging result to be a focus of Phase 2 testing;
  • Titanium (Ti) concentration increased during the tests, due to it’s very low partial pressure, and will be a focus of ongoing test work in Phase 2 PUREVAPtm QRR Metallurgical Test Program.

Table 1 – Impurity removal summary for all tests that successfully produced material3

Elem. Impurity removal per test
#6 #7 #9 #10 #15
Al 86 % 96 % 98 % 97 % 74 %
B 97 % 98 % 91 % 83 % 96 %
Ca 12 % 23 % 99 % 96 % 82 %
Fe -208 % 61 % -214 % -148 % 7 %
P 94 % 97 % 67 % 78 % 92 %
Ti -321 % -63 % -93 % -49 % -93 %
  • The variability in the results obtained for Fe, which had some good removal efficiency in tests #7 and #15, but seem to show accumulation in tests #6, #9 and #10, is not perceived as an issue at this stage. Additional test will be needed to clarify this issue.

3 From PyroGenesis Canada Inc Technical Memo: “TM-2016-758 – Mass Balance on Impurities”.

Achieving significant removal of impurities is a major milestone on our road to transforming Quartz (SiO2) into Silicon Metal (Si),” said P. Peter Pascali, President and CEO of PyroGenesis, “and it increases the probability that the PUREVAP™ QRR One Step process will eventually become the Gold Standard for the production of High Purity Silicon Metal.”

PATHWAYS TO ATTAINING HIGHER PURITY

Having proven that the PUREVAPtm QRR can successfully remove impurities from the material while transforming SiO2 into Silicon Metal (Si), the key objectives moving forward become improving the impurities removal capacity of the systems by:

  1. Using the full energy potential of the plasma submerged arc in the Vacuum;
  2. Testing additional PUREVAPtm QRR purification processes;
  3. Using the data from the GDMS results to adjust operational characteristic of the systems.

The high level of sulphur in almost all the final product results from the relatively high sulphur content the Asbury 4055 carbon source, used as a catalyst in the process, and can be managed in subsequent testing.

Sulphur is theoretically an easy contaminant to remove. Assuming 100% removal of the Sulphur during the process this would imply that our first phase results, instead of obtaining purity result in a range from 99.88% up to 99.97(4), our first phase Purity results range could have been between 99.95% up to 99.991%.

4 Best results from EAG Laboratories GDMS Analytical Report

5 From PyroGenesis Canada Inc Technical Memo: “TM-2016-758 – Mass Balance on Impurities”.

Table 2- present the complete Impurity removal information for the produced during test 155

Test Results from First Nugget produced by the PureVap QVR system during test #15
Elements Impurities level of source materials Impurity removal efficiencies
Martinville Si02 Carbon Source TOTAL1
(-) (%) (ppm)2 (%) (ppm)3 In (ppm) Out (ppm)4 diff (%)
Al 0.002940 29.4 0.0178 178 71.8 19 74 %
B 0.003233 32.33 0.0000 0.35 23.2 1 96 %
Ca 0.001590 15.9 0.0052 52 26.1 4.7 82 %
Fe 0.002650 26.5 0.0138 138 58.4 54.5 7 %
P 0.001200 12 0.0003 3 9.5 0.73 92 %
S 0 0 0.0011 11 3.1 1,055 -
Ti 0.000100 1 0.0005 5 2.0 3.9 -93 %
1 Total mass for a fixed weight ratio of 2.5:1 SiO2:C
2 SiO2 Data from INRS ETE (Press release March 3, 2016)
3 Carbon data from INRS ETE testing of Carbon source 4055 purchased from Asbury Carbon, a material with spec that mentions that the material may have up to 5,000 ppm of Sulphur.
4 EAG Laboratories GDMS Analytical Report, average of the ppm impurities from Si-Grains-1 and Si-Grains-2.

This table clearly demonstrates the effect of the carbon contamination by Sulphur from the Asbury 4055 carbon used. Of the total 1,138.83 ppm of impurities left in the material, 1,055 ppm (or 92%) came from Sulphur. Sulphur contamination can be readily resolved in the Phase 2 processes by using different source carbon material, or by adjusting the process.

Testing Methodology:

The SEM-EDX analysis were completed at both the INRS – ETE laboratory in Quebec City and the Centre de Caractérisation Microscopique des Matériaux (CM2), located at the École Polytechnique de Montréal.

The GLOW DISCHARGE MASS SPECTROMETRY (GDMS) completed by Evans Analytical Group, (“EAG” of Liverpool, NY, USA) – The chemical composition of inorganic solid samples is directly analyzed using glow discharge atomization / ionization sources combined with high mass resolution analyzers Glow Discharge Mass Spectrometry or GDMS.

Pierre Carabin, Eng., M. Eng., has reviewed and approved the technical content of this press release.

To view Image 2, please visit the following link: http://media3.marketwire.com/docs/1070961_2.pdf 6

RECAP OF KEY MILESTONES REACHED TO DATE

The Table bellow details some of the key information emanating from PyroGenesis 15 tests completed during the PureVap QVR Proof of Concept Metallurgical Program started on March 29th, 2016 and ended on July 22nd 2016.

6 Detection limit of the SEM-EDS apparatus is 99.9% purity

Table 3 – Summary of the test results conducted during the Proof of Concept testing phase

Test # Date Description Result SEM Analysis
Confirms
Reading of
100% Si
(7)
Trace Metallic
Impurities
[ppm wt](8)
Implied
Purity
in %
1 16-03-29 First test
hot test
No sample
produced
N/A N/A N/A
2 16-04-07 Increased
power input
Sample
produced
N/A N/A N/A
3 16-04-08 Reduced
heat losses
Test
Failure
N/A N/A N/A
4 16-04-15 Changed
electrode tip
Test
Failure
N/A N/A N/A
5 16-04-20 New
electrode sealing
Test
Failure
N/A N/A N/A
6 16-05-09 New
electrode design
Sample
produced
YES 1,100.82 99.88
7 16-05-10 Additional
Insulation
Sample
produced
YES 763.02 99.92
8 16-05-13 Changed C
particle size
Test
Failure
N/A N/A N/A
9 16-05-13 Pre-dried
carbon source
Sample
produced
YES 271.85 99.97
10 16-05-25 Changed
base design
Sample
produced
YES 314.93 99.97
11 16-05-30 Changed
base design
No sample
produced
N/A N/A N/A
12 16-06-16 Smaller Quartz
particle size
No sample
produced
N/A N/A N/A
13 16-07-05 Mixture
of quartz
Traces
of metal
produced
N/A N/A N/A
14 16-07-13 Reproduce
previous test
Traces
of metal
produced
N/A N/A N/A
15 16-07-22 Improve
heat losses
First Nugget
Size Sample
Produced
YES 909.04 99.91

7 Data from INRS for Test #6, 7, 9 and 10, and from PyroGenesis Canada Inc Technical Memo: “TM-2016-756 – SEM/EDS analysis conducted at the CM2 ” for test #15.

8 Best results from EAG Laboratories GDMS Analytical Report

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

Our business model is focused on developing a disruptive solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.

Summary of Recent Rapid Progress in Producing High Purity Silicon

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAP™ Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon in one step, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAP™ QRR process have demonstrated that it can transform high purity quartz into silicon metal.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAP process to create high purity silicon metal exceeding 99.9%.

Samples from the first series of test have been sent to EAG, a specialized laboratory in the United States, to determine the precise purity levels of the Silicon Metal.

On August 2, 2016, HPQ Silicon announced that it had:

  1. Acquired the intellectual property rights to the PUREVAP™ process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
  2. Placed an order for the purchase a 200 metric ton/year PUREVAP™ QRR pilot system to produce solar grade silicon metal from HPQ Silicon quartz.

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

The results demonstrate the PUREVAP™ QRR concept of combining different known steps into a one step process has now been validated by the results from the Phase 1 proof of concept metallurgical testing program

High Purity Quartz Properties

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

Disclaimers:

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

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

To view the photos associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/1070961_1.pdf

http://media3.marketwire.com/docs/1070961_2.pdf

HPQ Silicon Resources Inc
Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

Patrick Levasseur
President and COO
(514) 262-9239
www.HPQSilicon.com

Mining Commisioner Issues Final Order in Cliffs Bid for Easement Over KWG Railroad Claims $KWG.ca

Posted by AGORACOM-JC at 2:46 PM on Tuesday, September 27th, 2016

Kwglarge

  • Advises that the Mining and Lands Commission of Ontario has made a final Order that the “Pending Proceedings” notation be removed from the abstracts of the Mining Claims
  • Final Order also provided that no costs shall be paid by any party to the application.
  • Final Order follows the Supreme Court of Canada’s (“SCC”) dismissal of Canada Chrome Corporation’s application for leave to appeal the decision of Ontario’s Court of Appeal

TORONTO, ONTARIO–(Sept. 27, 2016) - KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) advises that the Mining and Lands Commission of Ontario has made a final Order that the “Pending Proceedings” notation be removed from the abstracts of the Mining Claims of KWG subsidiary Canada Chrome Corporation, that the time during which they were the subject of pending proceedings be excluded, and that a new anniversary date for the filing of prescribed assessment work be established.

The final Order also provided that no costs shall be paid by any party to the application.

The final Order follows the Supreme Court of Canada’s (“SCC”) dismissal of Canada Chrome Corporation’s application for leave to appeal the decision of Ontario’s Court of Appeal. The following citation was published on September 4th:

2274659 Ontario Inc. v. Canada Chrome Corporation, 2016 ONCA 145 (36973) Canada Chrome staked more than two hundred mining claims along the 340-kilometre corridor of high ground [south]ward from its deposit to Exton, Ontario. Canada Chrome wanted to build a railway along that corridor and drilled boreholes for that purpose. When a partner in [the] deposit decided to pursue a different deposit, it approached the Ministry of Natural Resources for easements allowing the construction of a road from that deposit to Nakina, Ontario. The requested easements passed directly over the boreholes drilled by Canada Chrome for its rail lines. When Canada Chrome refused consent to the easements, the Minister referred the application to the Commissioner under s. 51(2) of the Mining Act. The Commissioner dismissed the application. The Divisional Court allowed an appeal from that decision (decision of Commissioner set aside; application to dispense with Respondent’s consent granted). The C.A. dismissed the appeal. C.A.: appeal dismissed. “The application for leave to appeal . . . is dismissed without costs.”

“This means that an application to the Ontario Ministry of Natural Resources which was made by Cliffs Natural Resources in early 2012, for the grant of an easement over the claims of Canada Chrome Corporation, may now proceed,” said KWG President Frank Smeenk. “In the decision of the Divisional Court of Ontario issued July 30th, 2014 Madam Justice Swinton wrote ‘the issue being decided under s. 51(4) of the Mining Act does not deprive CCC of its ability at the next stage to oppose Cliffs’ easement application or to ask for conditions that would protect its legitimate interests in its mining claims.’ However there is no indication that the easement application will be continued.

“At the time of the Divisional Court decision the possibility of CCC building a railroad to transport ore over its claims from the Ring of Fire was dismissed. We believe that our engagement of China Railway First Survey & Design Institute Group Company Ltd. to complete a Bankable Feasibility Study substantially overcomes that incredulity.

“It is unfortunate that our exploration industry has generally come to believe that the Court decisions in this contest mean that anyone can use our ‘railroad claims’ for their own competing purpose. We had hoped that the Supreme Court of Canada might address that kind of issue by reviewing the decision of the Ontario Court of Appeal and confirming the ‘finders-keepers’ nature of mining claims staking in doing so. As that was not to be, we are pleased that this gratuitous attack on our company’s assets has now been exhausted and dissipated!”

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 CCC which has staked claims and conducted a 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 intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

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

FEATURE:Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Posted by AGORACOM-JC at 12:11 PM on Monday, September 26th, 2016

AMK: TSX-V, OTCBB: ACKRF

WHY AMERICAN CREEK RESOURCES?

  • American Creek has exceptional precious metal properties throughout British Columbia including two of the most prospective projects found in B.C.’s Golden Triangle; the Electrum and Treaty Creek properties.
  • The Electrum property is geologically similar to the nearby Brucejack (going into production in 2017) and the nearby Premier Mine (past producer).
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

RECENT HIGHLIGHTS

  • A JV agreement with Tudor Gold was just signed to develop the Electrum and Treaty Creek projects.The people behind Tudor Gold were also behind Osisko Gold, one of Canada’s biggest mining successes.They have the resources, expertise, and experience of taking projects into production.
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
  • Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More

EXCEPTIONAL PROPERTIES

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

The property has a rich history with some of the highest grade hand-mined ore mined in North America (1,661 g/t Au with 2,596 Ag)combined with excellent logistics. The property is located directly between two high-grade veining gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017). All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains 40% of the property.Tudor Gold will be the operator while both companies will work together to develop the property.This partnership is very beneficial for American Creek as its flagship project will be able to advance at a much greater pace due to the geological expertise, experience, resources, management, and exposure that Tudor Gold brings to the table.

The Electrum Property holds significant potential which led to a JV agreement with Tudor Goldwhen considering its high-grade nature combined with the exceptional logistics in place.

  • Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri. It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
  • Located in a particularly rich valley with 4 past producing commercial mines and a 5th in the adjacent valley.
  • Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tonne (roughly 50oz gold with 75oz silver).
  • Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
  • Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine.
  • Electrums Summary Report (for exploration) compares itself geologically to the Silbak Premier mine.
  • High-grade mineralization at surface has been confirmed extending over a 500 x 500m area. Specimens across that area include numerous bonanza grade results including 1,926 g/t gold with 37,995 g/t silver, 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver, 395 g/t gold with 46,601 g/t silver, and many more.
  • Drilling showed a continuation of high grade intervals at depth including grades up to 440 g/t gold with 400 g/t silver over 0.52m. Other high grade gold intervals include 38.4 g/t over 0.45m, 31.4 g/t over 2m, 29.9 g/t over 2m,16.9 g/t over 1.5m, 16.7 g/t over 1.3m, and 12.3 g/t over 1.9m along with longer intervals of 3 g/t over 26m, 1 g/t over 50m, and 0.5 g/t over 31m. High grade silver intervals at depth including 583g/t over 0.3m, 420 g/t over 0.9m, 384 g/t over 0.7m and 374 g/t over 0.65m were also discovered.
  • A very successful small program was run in the fall of 2015 wherein:
    o A new approach focusing on high-grade was employed
    o New zones of gold / silver mineralization were discovered with drill intersections grading from one up to 14 grams of gold per tonne.
    o A better understanding of the high-grade veining system was obtained
    o Numerous outcrops were tested on surface. 24 specimens were taken from the Shiny Cliff and averaged 248 g/t gold with 27,092 g/t silver, the highest sample being 1,926 g/t gold with 37,955 g/t silver. Specimens taken from a boulder 20m down slope from the Shiny Cliff averaged 10 g/t gold with 857 g/t silver.
    o Eleven specimens were collected along a quartz vein at the Rico showing. The specimens from the structure averaged 54 g/t gold with 11,512 g/t silver, the highest sample being 270 g/t gold with 44,048 g/t silver. Thirteen specimens were collected from a vein on Mine Hill and averaged 6 g/t gold with 522 g/t silver.
    o The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
  • Excellent logistics including road access, power located 2 km away and bulk tonnage shipping ports and supportive mining town located just40 km away in a mining friendly jurisdiction.

For a short video on the Electrum property; click here.

For a presentation on the 2015 drill program; click here.

Treaty Creek Property

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

On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains a carried interest of 20% of the property until a production notice is given. A partner with the expertise, backing, management team, and experience to develop this potential world scale project was sought after by AMK. Tudor Gold meets and exceeds all of those requirements needed to fully realize the potential of Treaty Creek. American Creek will not have to raise money or dilute as development takes place.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

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

A recent Government geological report shows Treaty to be “in the right neighbourhood for B.C’s next big deposit”.Treaty meets all three main criteria of the report which states “that is a big game changer for explorers in the region, because it will get them closer to making a discovery”.

The geological markers on Treaty Creek are saying there are great similarities to the KSM / Brucejack / Valley of the Kings and other deposits found within the same hydrothermal system.Now the right partnership is in place to advance the project and realize its potential.

For a 2 minute video on Treaty Creek; click here.

For an in-depth geological video on Treaty Creek; click here.

Gold Hill Property

The Gold Hill property is located in Southern British Columbia near Cranbrook.Logistics are exceptional with forestry roads throughout the property and power nearby. Gold on the Wild Horse River was discovered in the fall of 1863 by American prospectors and one of the West’s greatest gold rushes ensued. The Wild Horse River yielded close to $7,000,000 dollars (48 tonnes of gold or around $2 Billion in today’s dollars). It is believed that a far greater amount was mined and never accounted for.

The river is considered to be one of the greatest gold creeks in the entire province of British Columbia. The majority of the gold taken from the river was located along a 6km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). While most of the gold has been taken from the placer deposits downstream from Gold Hill, there are still placer operations in the area ranging from small scale panning / sluicing to full scale mining operations.

Historic efforts were made to trace the source / sources of the placer gold. This led explorers (including geologists from Cominco) up the Boulder Creek to what is now called the Gold Hill property. This property constitutes a significant portion of the watershed for Boulder Creek including two main areas where gold was recovered by Cominco (along with others). These areas are known as Big Chief and Gold Hill. Both areas are believed to be major contributing sources for the incredible resources found in the Wild Horse River and as such have tremendous potential. While gold was discovered on the property, the gold price in 1900 did not support extensive hard rock exploration at the time.

The property has been overlook and sat dormant for many years. American Creek was very fortunate to acquire a property with such a rich history and such huge potential.

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

Posted by AGORACOM-JC at 5:44 PM on Friday, September 23rd, 2016

TSX-V: BFF, OTC Pink: SSMLF

Why Lithium?

 

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

Batteries and grid-scale energy storage:

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

Benchmark Mineral Intelligence estimates that the

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

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

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

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020
  • Aannounced that it has agreed to grant 1074654 Nevada Ltd an Option to acquire a seventy (70%) percent interest in the BFF-1 Clayton Valley Property

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

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

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

Company acquired 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Township 13N., Range 43E, Nye County, Nevada.

BSV Property:

Big Smokey Valley is situated in central Nevada. It begins at a point 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley to the west of Tonopah. Hydrologically and topographically the valley is divided into northern and southern sections by a physiographic high near the mining community of Round Mountain. The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.
  • Completed an orientation survey
  • Collected twenty-seven shallow auger sediment samples
  • Lithium values ranged from 8.9 to 104.5 ppm. The two best results (93.2 and 104.5) were obtained downstream of thermal springs on the western part of the property

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

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

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

Energy metal markets are booming

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

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

Demand for gold could turn red hot thanks to the war on cash $EXS.ca $AMK.ca

Posted by AGORACOM-JC at 3:34 PM on Friday, September 23rd, 2016

Image result for business insider

  • Consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent
  • With the five-year Treasury yielding 1.19 percent, government bond investors are now receiving a negative real rate of return (because 1.19 minus 2.3 comes out to negative 1.11 percent
  • This is highly constructive for the price of gold
Sep. 20, 2016, 6:48 PM

The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent. With the five-year Treasury yielding 1.19 percent, government bond investors are now receiving a negative real rate of return (because 1.19 minus 2.3 comes out to negative 1.11 percent).

This is highly constructive for the price of gold. As I’ve discussed many times before, the yellow metal has benefited when real rates have fallen below zero. This was the case in September 2011 when gold hit its all-time high of $1,900 per ounce. And last year around this time, the opposite was true—positive real rates were a drag on gold.

Although gold sunk to a two-week low on a strong U.S. dollar and fears over this week’s Federal Reserve meeting, the drivers are firmly in place to push prices higher.

Maybe you’ve heard that a new book out right now is planting propaganda voice in the war on cash. In “The Curse of Cash,” Harvard economics professor Kenneth Rogoff makes the case that nixing paper money—at the very least, larger-denominated bills—“could help more than you might think” in combating criminal activities such as drug trafficking, corruption, extortion and money laundering. It could even prevent the spread of terrorism and discourage illegal immigration, Rogoff argues.

It gets even worse. Central banks, he adds, should have the latitude to drop interest rates below zero during recessions to spur spending. If the Federal Reserve tried this now, of course, many people would likely convert their savings into paper—which at least yields 0 percent—and hoard it in bedroom safes. This is precisely what many Germans have reportedly done, prompting safe manufacturers to scramble to meet demand

But in a world where nothing larger than a $10 bill exists, hoarding cash would be highly impractical. Better to buy that new boat you don’t need!

While we all agree that corruption and terrorism are things that should be stopped, killing cash is the absolute wrong way to go about it.

Instead, perhaps Rogoff should consider “The Curse of No Cash.” Does he not recall what happened in Cyprus just three years ago? The government ransacked citizens’ bank accounts to “fix” its own mistakes and mismanagement. In example after example, people’s rights to save and freely hold cash have been disrupted, with tragic results.

I’ve written about this topic before. In a cashless society, your economic liberty is forever at risk. Every transaction could be monitored, taxed and charged a fee. Capital controls would be crippling, assets could be seized. Just ask the Colombians and Venezuelans

I’m not the only one who disagrees with the ideas in Rogoff’s polemic against money. As of this writing, nearly three quarters of Amazon customers have given the book a rating of two or fewer stars. And in a scathing Wall Street Journal op-ed, respected financial writer James Grant strips away the book’s “technical pretense” to uncover its true motive. Rogoff, he writes, “wants the government to control your money,” which is the extreme form of Keynesian economics.

Gold Has Shined Brightly During Currency Crises

There’s one area where Rogoff and I both agree, though. “As paper currency is phased out,” he writes, “gold prices will rise.” Were cash eliminated and interest rates plunged underwater, gold’s role as a store of value would become even more apparent and demand for the yellow metal would turn red hot, despite its price appreciation.

This has been the case in countless past examples. Rogoff himself cites Indians’ longstanding love of and cultural affinity to gold jewelry as protection against currency uncertainty. For centuries, inhabitants of the Indian subcontinent saw continuous regime change, not to mention imperialist rule by various European forces. During all this time, the one stable and widely accepted currency was gold.

gold2US Global Investors

The tradition carries on today. A third of Indian gold jewelry demand comes from rural farmers, who annually convert a portion of their crop revenues into the yellow metal. Whether this gold is stored or given to a female family member, perhaps a daughter, before her wedding day, its purpose is twofold: one, as a beautiful heirloom to be worn and passed down to the next generation, and two, as a form of financial security.

It’s estimated that Indian households currently holdmore than 20,000 tonnes of gold. To put that in perspective, 20,000 tonnes is more than the official gold holdings of the U.S., Germany, Italy, France, China and Russia combined.

With speculation strong that a rupee devaluation is imminent, it makes just as much sense now as ever for Indians to have at least some of their wealth in gold. When the rupee unexpectedly dipped to record lows in August 2013, the wealth that prudent Indians had stored in the precious metal was, for the time being, safe.

gold3US Global Investors

Although there’s little fear right now that the U.S. dollar is in trouble, I still recommend that investors maintain a 10 percent weighting in gold—5 percent in gold stocks, 5 percent in gold coins and jewelry.

Is Chicago Next to Declare Bankruptcy?

It’s not just Indian investors who should be aware of currency fluctuations and imbalances in monetary and fiscal policy. These can happen right here in our own backyards, and investors who aren’t paying attention—specifically municipal bond investors—could pay a steep price.

In the past few years, we’ve seen how financial mismanagement can bring calamity to state and local economies, the most notable example being Detroit’s $18 billion bankruptcy in July 2013, the largest in U.S. history. Right now, the U.S. territory of Puerto Rico is in dire financial straits, owing some $70 billion, more than any state government except California and New York.

And then there’s Chicago, which is looking at $170 billion in unfunded pensions and other costs.

This came to my attention earlier this month when I visited Chicago to attend the Morningstar ETF Conference. While there, I had the opportunity to speak to several locals, who shared with me their frustration of high local tax rates—some of the highest in the country.

Taxes are high, they said, mainly because of outrageous pensions for public and union workers. Entitlement spending has exploded. Now, Chicago, which has the lowest credit rating of any major U.S. city, is edging scarily close to bankruptcy.

Unfortunately, it isn’t hard to see why. For starters, the state has one of the most highly unionized workforces in the country, compared to the national average.

gold4

US Global Investors

And instead of reining in costs, state and city officials continue to add to the pile of debt. The Land of Lincoln already has the least funded retirement system in the country, according to Bloomberg, and is on track to end the year $7.8 billion in the hole.

Lawmakers and other government workers are among the highest paid in the nation and enjoy “Cadillac” health care benefits and pensions. It’s not uncommon for them to retire in their 50s. TheIllinois Policy Institute estimates that the total annual operating cost for each state lawmaker—including salary, insurance and the like—stands at more than $100,000, with private taxpayers footing most of the bill.

“It’s like we work for the government,” one Chicagoan told me. “Everything we make goes to their pensions.”

Conveniently, the state constitution includes a clause that forbids any reduction of public pensions.

For these reasons, Illinois is saddled with some of the highest income and corporate taxes in the United States. Chicago’s sales tax is the highest of any major U.S. city. Despite the revenue this generates, it doesn’t come close to touching what’s been promised.

Look at the chart below. Between 2000 and 2015, Illinois tax revenue increased 57 percent. That’s a significant jump. But over the same period, state-employee insurance and pension benefits skyrocketed—166 and 586 percent respectively—while essential services such as higher education suffered.

gold5US Global Investors

What this means is very little of taxpayers’ money is going toward anything tangible—new schools, new hospitals, new wastewater treatment plants. Nothing that provides jobs or has a multiple effect is being produced.

We’re already seeing serious consequences as a result of the state and city’s fiscal woes. In a recent study of jobs market competitiveness, CareerBuilder found that Chicago is the least competitive metropolitan area in the U.S. in terms of jobs growth. Between 2014 and 2015, the Windy City’s rate of adding jobs was far short of the national average.

Because of this—among other reasons, including crime, unemployment and political infighting—Chicago had the largest population loss of any metro in the U.S last year (6,263). Meanwhile, Illinois was one of only seven states to see a net decline (22,194).

And where are these people going? Where the jobs are, of course. I always say that money flows where it’s most respected. People behave the same way.

It’s no wonder, then, that the state that attracts the most Illinois expats is Texas, according to the Chicago Tribune. This falls in line with what I wrote just a couple of weeks ago. Between 2014 and 2015, Texas added more residents than any other state because of its strong economy, abundance of jobs and low taxes. CareerBuilder’s jobs study, I should point out, rated Dallas as the most competitive city. And within the next eight to 10 years, Houston is expected to surpass Chicago to become the nation’s third largest city by population.

I’m not saying this to beat up on Chicago, but to emphasize my earlier point about being aware and prepared—especially, in this case, when it comes to municipal bond investing. Many passive muni funds might hold Chicago debt because it’s high-yielding. But those yields could come at a huge cost. Three years ago, bondholders of Detroit’s bad debt learned the hard way that, in the event of a default, pensioners get paid first, investors last—or worse, not at all.

As active managers we’re well aware of this. We sincerely hope Chicago can straighten out its balance sheet, but in the meantime, we feel it’s not a space to be a buyer right now. Instead, we seek to invest primarily in high-quality, short-term munis.

Source: http://www.businessinsider.com/war-on-cash-could-increase-gold-demand-2016-9

 

Pacific North West Capital Corp. Appoints Veteran Geologist and International Business Man Vice-President, Business Development $PFN.ca

Posted by AGORACOM-JC at 9:10 AM on Friday, September 23rd, 2016

Hublogo1_copy

  • Appointment of Trevor Richardson, as Vice-President, Business Development.
  • Trevor is a Co-founder and Director of Caracle Creek International Consulting (CCIC), an International Geological consulting firm, with offices in South Africa and Canada

Vancouver, B.C., Canada / September 23, 2016 – PFN would like to announce the appointment of Trevor Richardson, as Vice-President, Business Development. Trevor is a Co-founder and Director of Caracle Creek International Consulting (CCIC), an International Geological consulting firm, with offices in South Africa and Canada. Trevor has extensive exploration experience, in Africa and Canada, in precious metals, more specifically Gold and Platinum Group Metals as well as base metals. Registered as a Professional Natural Scientist, under the South African Council of Natural Scientific Professions, Trevor has managed many multi-million dollar projects from conception through to exploration and production. Trevor was also the co-founder, CEO, President and Vice President/Director of various junior exploration companies on TSXV.

Harry Barr, Chairman and CEO comments; “We are very pleased to welcome Trevor Richardson to the Pacific North West Capital Team. Trevor’s experience as a Geologist, Platinum Group Metals Expert and International businessman, will add considerably to the company’s expertise. The fact that Trevor has developed projects from conception, through to exploration and production, as well as managing public companies, will add significantly to our the PFN Team’s experience.”

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent Mineral Resource Estimate are summarized below:

-Prepared by Tetra Tech (Wardrop)

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

-Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

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

-High Grade Potential: particularly in the north part of the River Valley Deposit

-Resources under Evaluation for Development Potential, as Open Pit Mining Operation

CX
Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target:

-Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate

-Possible New Mineralized Zone at the north end of the River Valley Deposit

-Show potential to take the River Valley PGM Project in a New Direction

-Additional Drilling is slated for mid-October, 2016


Click Image To View Full Size

  1. 9.Exploration and Development Plans for 2016

-Mineral Prospecting and Geological Mapping on surface: In Progress

-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016

-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley


Click Image To View Full Size

Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s new Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary, to Acquire and Develop Projects in Active Mining Camps in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The Company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project Acquired by the Company (PFN News Releases April 25th, 2016, May 11th, 2016 and June 16th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically in recent months. Lithium Supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.


Click Image To View Full Size

PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


Click Image To View Full Size

Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution. The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada. Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

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 Northwest Capital. 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.

FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 10:42 AM on Thursday, September 22nd, 2016

Why Explor Resources?

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

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

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

Chester Copper & VMS Project (3500ha)

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


Kidd Creek Project (2466 ha)

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

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

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

Nelligan (1198 ha):

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

Launay (2250 ha):

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

12 Month Stock Chart

Durango Provides Detailed Information On Lithium Exploration Program, Identifies Three Distinct Pegmatite Intrusions $DGO.ca

Posted by AGORACOM-JC at 10:47 AM on Wednesday, September 21st, 2016

Logo

  • Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
  • Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
  • 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta

Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.

Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.

Summary of Assays

Typical LCT (lithium-cesium-tantalum) pegmatites are marked by prominent accumulation of Li, Cs and Ta (sometimes with Rb and other elements), which are exhibited to an anomalous degree in the pegmatite assays returned from the NMX East property.

Out of a total of 79 samples taken at NMX East, 47 samples were taken from pegmatite outcrops. Out of this group of pegmatite samples: 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta. Summary and ranges of anomalous results are summarized in Table 1. Assays are shown against pegmatite outcrops in Figure 1.

Table 1: Pegmatite Grab Sampling Highlights

Sample Easting Northing Li2O (ppm) Cs (ppm) Ta (ppm) Rb (ppm)
1008111 443,957 5,725,198 669 24.3 0.8 276
1008119 443,676 5,724,973 323 27.7 40.7 846
1008116 443,753 5,724,983 301 33.5 12.6 1405
1008114 443,771 5,725,022 280 16.4 51.2 738
1008115 443,764 5,725,014 194 24.2 77.1 1015
1008158 444,450 5,717,722 194 50.3 34.5 530
1008112 443,802 5,725,041 172 14.7 30.3 679
1008152 442,962 5,717,112 151 14.1 14.5 52.4
1008118 443,700 5,724,988 86 83.6 4.7 2140
1008175 444,391 5,727,079 86 29.8 47.4 1165
1008113 443,790 5,725,031 65 77.4 1.6 1895
1008122 443,742 5,724,940 65 53.1 3.7 1925

* All coordinates are NAD83 UTM Zone 18N

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.


Click Image To View Full Size

Figure 1: Pegmatite sample map illustrating Li2O Results.

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Interpretation of Lithium, Cesium, Tantalum, and Rubidium Anomalies

Results from the exploration program at NMX East clearly indicate the presence of three distinct pegmatite intrusions which exhibit significant lithium, cesium, tantalum, and rubidium anomalies. One intrusion occurs on the property’s East Block, while two intrusions occur on the South Block.

The Nemiscau Region exhibits a markedly limited amount of bedrock exposure, which produces a very challenging environment for surface sampling. On average, there is approximately less than 5% exposure on the NMX East property and a large portion of the surrounding region. Evidence suggests that the majority of pegmatite bodies in the Nemiscau Region are obscured beneath the glacial diamict which blankets the region. Nemaska Lithium Inc.’s recent drilling results also report mineralized intercepts as deep as 500 metres below surface (2). As such, Durango’s geological team suspects the three viable lithium-bearing LCT pegmatites, which occur at surface on Durango’s NMX East property, may represent smaller exposures of potentially much larger intrusions which may continue both at depth, laterally, and along strike.

Furthermore, most LCT pegmatites exhibit concentric zonation, particularly of spodumene (Li), pollucite (Ce), columbite-tantalite (Ta), and beryl (Be) mineralization. This mineralization is typically concentrated in the core margin to core zone of the pegmatite intrusion, with dilute quantities in the intermediate zone. This zonation is illustrated in Figure 2.


Click Image To View Full Size

Figure 2: Zonation in an idealized LCT (lithium-cesium-tantalum) pegmatite intrusion. (USGS Open File Report 2013-1008)

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Durango’s geological team therefore interprets these moderate lithium, cesium, tantalum, and strong rubidium anomalies at surface to be a potential indication of significant spodumene mineralization at depth. The next steps at NMX East will include extensive stripping and/or drilling of these mapped pegmatite intrusions in order to determine the real nature and extent of the intrusive bodies.

Marcy Kiesman, CEO of Durango, comments, “The results from this campaign indicate the existence of three newly-discovered LCT pegmatite intrusions on the NMX East property and serve as an excellent first step in the progression of the project. Lithium-bearing pegmatites are a complex deposit type, considering the zonation and nature of mineralization within the intrusions and the challenging region in which they choose to manifest. Durango is exceptionally pleased to have discovered three distinct LCT pegmatite intrusions on the property and plans to explore these targets further in the coming exploration season, by means of stripping and drilling.”

All samples were grab samples and were analyzed by ALS Minerals, Val-d’Or (Quebec). The analytical methods used correspond to ALS codes ME-MS81 and Be-ICP81.

The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.

References

  1. (1)Bradley, D., McCauley, A. (2013). A preliminary deposit model for Lithium-Cesium-Tantalum (LCT) Pegmatites. USGS Open File Report 2013-1008.
  2. (2)Nemaska Lithium (TSE: NMX) news release, September 6, 2016.

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 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.