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Uragold Increases its Gold Exploration Potential for the Beauce Paleoplacer Project, Closes the Fancamp Claims Acquisition and Files a New NI 43-101 Technical Report

Posted by AGORACOM-JC at 11:31 AM on Thursday, January 22nd, 2015

Montreal, Quebec / January 22, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR), is pleased to announce that it has filed a new technical report in accordance with National Instrument 43-101, entitled, “Technical Report on the Beauce Paleoplacer Property, South-Eastern Quebec” (“Technical Report”) with Canadian securities regulators. The project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. The Technical Report is available at www.sedar.com and on the Company’s website.

This report was prepared in order to fulfill TSX-Venture requirement regarding the Company’s acquisition of the Fancamp claims (please refer to news release dated September 17, 2014 and October 22, 2014 for more detail).

The closing of the Fancamp claims acquisition increase Uragold Gold Exploration Target from the original range of 23,000 ounces (741,000 m3 @ 0.97 g Au/m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/m3) to a new Gold Exploration Target, for the entire historical paleoplacer channel now controlled by Uragold, ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

SALIENT POINT OF THE NEW EXPLORATION TARGET DELINEATION:

  • - Sonic Drilling during 2011 revealed that the gold bearing unit corresponded to a brown clayey diamict and a saprolite that is at least partly of a glacial origin, rather than purely alluvial gravel. These units are generally just above the Basement rocks and frequently gradational onto it;- The polygonally calculated “Exploration Target” is estimated as 1 892 503 grams (60,844 ounces) contained within 2,157,171 m3 of saprolite and brown tillite under some 9 248 334 m3 of overburden (giving a stripping ratio of 1: 4.3) at an average grade of around 0.877 g/ m3 for the brown diamictite and the saprolite combined;

    – Evidence from the historical drilling versus the Beauce Placer Mining Company production figures suggests that due to the “nugget effect” the final gold recovery could be significantly higher (up to 6 times) than the drilling estimate of the gold volume;

    – This equates to a possible range between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3) using the x6 multiplier

*All information such as the historical estimates or the exploration target on the Beauce Paleoplacer Project area are base on historical data from Roche, Laval University and the Geological Survey of Canada that pre-date 2001, therefore they do not meet current National Instrument 43-101 reporting standards and should not be relied upon until the Company can confirm them.

Patrick Levasseur, President and COO of Uragold stated that: “The closing of the acquisition is another key milestone in the development of our Gold assets… the new exploration target and potential, changes the entire dynamics of the Beauce Paleoplacer Gold project, as it significantly increase the scope and size of the project.”

With the acquisition now completed, Uragold can now focus its attention on securing a non-dilutive financing required to complete a 9,000 cubic meters (m3) of auriferous till pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect to the gold grade of the buried paleoplacer channel. This step is required to establish a resource category needed to complete the Feasibility Study (“FS”) requirement of Quebec’s the new Mining Act.

As previously mentioned, Quebec’s Ministry of Natural Resources will grant Uragold a “conditional” Mining Lease over the Rang Chaussegros to complete Phase 1 once an Internal Preliminary Economic Assessment (PEA) and an approved Closure Plan is submitted. UBR will be authorized to start full-scale production (Phase 2) once a Feasibility Study (“FS”) is submitted.

The new NI43-101 Technical report also address issues identified by l’Autorite des marches financiers du Quebec (“AMF) as previously disclosed on October 17, 2014.

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

The Filing of the technical report was the last outstanding issue Uragold needed to comply with in order to receive TSX venture approval of the closing of the acquisition (Please refer to Uragold Oct 22, 2014 press release for more details)

SALIENT POINTS OF THE FANCAMP CLAIMS ACQUISITION:

  1. 1.Uragold is acquiring the claim block (herein, collectively the “Claims”) (“The Acquisition”) through:
    1. a.As consideration for the transfer and the sale of the Claims and related assets to Uragold, Uragold will issue, at the closing an amount equal to 8,000,000 Uragold Units. Each Unit will be comprised of 1 common share and 1 common share purchase warrant (the Warrant”) of Uragold.
    2. b.Each full Warrant will entitle Fancamp to purchase one common share of the capital stock during a period of 60 months from the date of the issuance of the Units. Each Warrant shall entitle Fancamp to purchase one (1) additional common share of Uragold at a price of C$0.20 per share during the first 24 months from the date of issuance of the units, at a price of C$0.30 from the start of the 25th month until the end of the 48th month, and at a price of C$0.40 per share at the start of the 49th month until the end of the 60th month.

Contemporaneously with the signing of the definitive Agreement:

    1. c.Uragold will make cash payment of C$25,000 to Fancamp not later than fifteen (15) months of the Signing of the definitive Agreement.
    2. d.Uragold will finance C$400,000 worth of exploration work on the Claims over the next 4 years, under the following schedule, the first fifteen (15) months: C$50,000, Year 2: C$75,000, year 3: C$100,000 and year 4: C$175,000.
    3. e.Uragold has granted Fancamp a three and one half percent (3.5 %) Gross Metal Royalty on any gold production extracted from the 32 Claim block acquired by Uragold.
  1. 2.Fancamp and Uragold have signed aCovenant regarding the sale of Uragold shares held by Fancamp.
    1. a.Included in the Covenant is a Standstill agreement whereby Fancamp agrees not to sell any of its Uragold shares (“Standstill”) during a twelve (12) month period (“Standstill Period”) starting on the day of the issuance of the Uragold Units to Fancamp.
    2. b.The Covenant also includes a Change of Control Clause whereby in the event that a Change of Control event occurs at either Parties, then either the Fancamp Standstill Period will be automatically increased by thirty-six (36) months or a new thirty-six (36) months Standstill Period will start, or in the case that the change of control occurs at Uragold, then the standstill agreement will lapse.
    3. c.So long as Fancamp owns at least ten percent (10%) of the issued and outstanding Uragold Shares, Fancamp can have one nominee elected as a director to the Uragold board of directors.
  2. 3.Fancamp nominee Mr. Peter H Smith will join the Board of Uragold.

Peter H. Smith PhD, P.Eng. is a Director and founder of Fancamp Exploration Ltd. and is presently Chairman of the Board and President. He has been a Director of Fancamp Exploration Ltd. and its predecessor company, Fancamp Resources Ltd, since January 1986. He is presently a Director of Lamelee Iron Ore Ltd., since May of 2014 and served as a Director of Argex Titanium Inc. from October 2009 to May 2013. He has served as a Director of Litewave Corp. and St. Georges Platinum Base Metals Ltd. since January 2010, leaving the latter company in October 2010. He was a Director of Golden Hope Mines Ltd from May 1997 to August 2009. He is a member of the Ontario Order of Professional Engineers and is a former Director of the Prospectors and Developers Association of Canada.

  1. 4.Once Gold Mining operations have begun on the Claims purchased, Uragold will make a one-off cash payment of C$500,000 to Fancamp.
  2. 5.Pursuant to an agreement entered into between Fancamp and a private vendor as of December 12, 2005, the Vendor currently holds a one point five percent (1.5 %) net smelter return royalty affecting the Claims, of which one percent (1%) may be purchased at the sole discretion of Fancamp, or of Uragold as of the date hereof, for a payment of one million dollars ($1,000,000), (the “NSR Royalty”).

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271
www.uragold.com

Neah Power Systems successfully completes PowerChip® testing at DRDO of the Government of India

Posted by AGORACOM-JC at 6:00 AM on Thursday, January 22nd, 2015

Licensing opportunities forthcoming

Bothell, WA (January 22, 2015) – Neah Power Systems, Inc. (OTCQB: NPWZ) an emerging leader in fuel cell-based power generation and lithium ion-based storage solutions for the unmanned aerial vehicles (defense and commercial), military, transportation and portable electronics industries, today announced that it had successfully completed testing of the PowerChip® units at a Defense Research and Development Organization (DRDO), Government of India facility and it had received payment of approximately $165,000 for these initial test units. This successful completion of testing is a critical milestone in completing the licensing agreement with the DRDO. The DRDO is an agency of the Republic of India, responsible for the development of technology for use by the military.

Chris D’Couto, Neah Power’s Chief Executive Officer said, “We are pleased to announce the successful testing of the PowerChip® units to the specifications provided, and to have met the needs of a key customer and government entity. This further substantiates the value proposition of the PowerChip fuel cell in terms of differentiated performance from other fuel cell, including non-air operation and semiconductor-based manufacturing, as well as the ability to meet the needs of mission critical applications. We are very excited to have met this critical milestone to completing the licensing agreement which we expect to be a significant contract which the Company will update at the appropriate time. This will enable us to further adoption for a variety of applications in our targeted industries. We are optimistic about the future growth prospects of Neah Power Systems.”

About Neah Power

Neah Power’s core solutions have a small form factor, recharge instantly, and operable in air and non-air environments, providing a longer life with lower total cost of ownership. Neah Power’s Solutions offerings include the patented and patent pending PowerChip®, Formira® and the BuzzBar Suite® of products. For more information please visit www.neahpower.com.

For more information please contact
Crescendo Communications LLC
Phone: +1 (212) 671-1021
Email: npwz@crescendo-ir.com

Forward Looking Statements

Certain of the statements contained herein may be, within the meaning of the federal securities laws, “forward-looking statements,” which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and Neah Power does not undertake any responsibility to update any of these statements in the future. Please read Neah Power’s Form 10-K for the fiscal year ended September 30, 2014 and its Quarterly Reports on Form 10-Q for a discussion of such risks, uncertainties and other factors.

CLIENT FEATURE: (GGI: TSX-V) Attractive Share Structure, Strong News flow of out BC and Mexico

Posted by AGORACOM-JC at 4:47 PM on Tuesday, January 20th, 2015

WHY GARIBALDI RESOURCES CORP?

  • Attractive share structure
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

12 Month Stock Chart


Stria Lithium Updates Its Novel, Environmentally Sustainable Lithium Processing Technologies

Posted by AGORACOM-JC at 4:50 PM on Monday, January 19th, 2015

OTTAWA, ONTARIO–(Jan. 19, 2015) - Stria Lithium Inc. (TXS VENTURE:SRA) (“Stria” or the “Company”) is pleased to report the following update on its proprietary, environmentally sustainable lithium ore processing technologies and the extension of its non-brokered private placement until February 2nd.

Market Outlook

The Energy Storage sector is growing substantially faster than the Electrical Vehicle (EV) battery sector. According to Industrial Minerals, a reliable global source of mineral data, commercial energy storage applications using lithium-ion phosphate batteries has become a multi-billion industry.

Industrial scale energy storage for regional energy storage installations in California, Hawaii and Bolivia, complement the corporate electrical storage requirements of EV pioneer Tesla, for example, for use in its trans-American charging network.

While lithium markets have held their price values in a soft commodities market during the last 18 months, lithium juniors face other challenges in securing a toehold into the lithium space.

In his year-end 2014 market outlook, analyst Chris Berry stated:

“Lithium production is an oligopoly. Despite the strong growth rates in lithium demand (estimated at 8% per year), oligopolies do not welcome competition and therefore if you’re a company aspiring to join the ranks of producers, you need some sort of a competitive advantage or strategic relationship which allows you the possibility of achieving the lowest cost of production. The growth rate in demand is key.”

Stria Lithium’s business advantage is built through its strategic clean energy alliance with Focus Graphite Inc., and Grafoid Inc.

Industrial Minerals, reported that despite real or perceived barriers, “… new sources of raw material are likely to be needed to prevent price inflation as demand from the battery sector grows.”

Mineral markets expert Simon Moores, in his January 15, 2015 commentary in Benchmark Notes, admonishes investors to consider the impact rapid growth in lithium demand had on the smartphone industry:

“The smartphone uptake took the battery supply chain by surprise. Such was its unprecedented nature, leading lithium suppliers of the key battery raw material continually underestimated the speed of growth in demand which ranged from 8-12% each year in that period. Lithium saw a supply squeeze and its price spike three-fold between 2004 and 2009 as a result.

And with EVs and utilities, the batteries are bigger… much bigger. For supply chain disruption, EV sales would not need to be in the billions or millions, global annual sales of over 200,000 would force significant change.”

Stria’s novel technology, is designed to produce low-cost and high purity lithium directly from spodumene lithium ore.

Stria is currently at the design stage of its pilot plant and has engaged an external, third party engineering firm to validate and audit its proprietary process. The pilot plant will be designed to produce up to 140 kg per month of lithium compound over a minimum six months with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.

Non-Brokered Private Placement

The Company is pleased to announce its private placement offering of non flow-through and flow-through units will remain open until February 2nd, 2015.

On October 30, 2014, Stria Lithium announced the close of its first tranche of a non-brokered private placement offering of up to $1,000,000.

The total private placement consisted of the sale of up to 2,666,667 non flow-through units (the “Units”) at a price of $0.15 per Unit for gross proceeds of $400,000 and up to 3,157,895 flow-through units (the “Flow-Through Units”) at a price of $0.19 per Flow-Through Unit for proceeds of up to $600,000.

Each Unit consists of one (1) common share of the Company and one (1) warrant (a “Warrant”). Each Flow-Through Unit consists of one (1) flow-through common share of the Company and one (1) Warrant. Each Warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.35 for a period of 24 months from closing.

The closing of the first tranche of the non flow-through portion of the Offering realized gross proceeds of $26,650.05 from the issue of 177,667 Units. The closing of the first tranche of the flow-through portion of the Offering realized proceeds of $154,770.20 from the issue of 814,580 Flow-Through Units.

About Stria Lithium Inc.

Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona, that are currently at the exploration stage. They host no mineral resources or reserves.

As announced in January 2014, Stria’s core business is the development of proprietary, in-house processing technologies. Stria’s technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.

Qualified Person: This news release has been reviewed and approved by Mr. Julien Davy, P.Geo., M.Sc., MBA, President and COO of Stria and a Qualified Person under NI 43-101 Guidelines.

Forward Looking Statement – Disclaimer

This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.

Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com

QE2 Acquisition Corp. Provides Corporate Update

Posted by AGORACOM-JC at 10:51 AM on Friday, January 16th, 2015

CALGARY, ALBERTA / January 16 2015 / QE2 Acquisition Corp. (“QE2″ or the “Corporation”) (TSX VENTURE:QE) is pleased to provide an update on the operational activities of the Corporation and announce the resignation of a member of the Board of Directors.

Corporate Update

Acquisitions

In 2014 QE2 completed its second acquisition, Candesto Enterprises Ltd. (“Candesto”), a Calgary based owner-operated leader in highway signage, guardrail installation products and services for a purchase price of approximately $2.68 Million. This was QE2’s second acquisition, the first being Pillar Contracting Ltd. (“Pillar”) which was acquired in late 2013 for a purchase price of $1.4 Million.

Pillar is an industry leader in specialized utilities services: maintenance of light post and street light standards, condition surveys, flagging and traffic management. Pillar’s customers primarily consist of municipalities and utility companies.

Both companies are established, have a history of profitability and proven management, we are very excited to have them under the QE2 corporate umbrella.

Financings and RTO (Reverse Takeover)

On November 4, 2014 QE2 commenced trading on the TSX Venture Exchange under the symbol QE. This was by way of Reverse Takeover (“RTO”) when QE2 acquired Crowsnest Acquisition Corp. (“Crowsnest”). At RTO closing, 21,912,766 shares of QE2 were exchanged on a one-for-one basis for shares of Crowsnest for a current outstanding share count of 28,812,766.

In addition, we completed a convertible debenture financing for gross proceeds of $1,298,000. Canaccord Genuity Corp. was the leading agent. The financing was completed in conjunction with the RTO. Canaccord acted as QE2’s exclusive financial advisor for the entire process and will continue to support QE2 moving forward.

2015 and Beyond

The current landscape of the Canadian junior capital markets has been very challenging. The TSX Venture Exchange is at all-time lows amidst plunging oil and commodity prices. Access to capital has been dire and challenging to say the least, but we believe capital is available to companies and management teams who show a solid business plan backed by companies with tangible assets, strong revenue streams and are profitable.

We believe our strategy of acquiring profitable infrastructure and utilities service companies is an approach the market will embrace as we show accretive value by buying companies between 2-3X EBITDA. Our first two acquisitions were purchased at 2.4X (Candesto) and 1.8X (Pillar) EBITDA, respectively.

Alberta in particular will provide ample opportunities in our target sector as the economy softens and capital dries up due to falling oil prices. However, management believes that infrastructure services companies will not be impacted nearly to the same degree as oil services companies, due to the fact that infrastructure companies are not directly tied to the energy sector. Our partner companies are well established entities doing business with cities, municipalities and construction companies throughout Alberta.

Our focus will be to continue targeting Alberta-based companies but also to expand our reach across Canada.

Management and Board of Directors

For most of 2014, QE2 was heavily involved in completing its RTO process which required a certain skill set from both the management team and the Board of Directors. As QE2 transitions back to acquisition and operations mode the company expects to make changes to better facilitate the objectives, for 2015 and beyond. At present QE2 is having discussions with several potential new Board members.

QE2 announces that for personal reasons Doug Bachman has tendered his resignation from the Board of Directors of QE2 effective January 13, 2015. However, Mr. Bachman will continue to be involved in an advisory capacity to the management and Board of Directors.

We are pleased that Mr. Bachman will remain with QE2 in an advisory capacity. He has been and will continue to provide value to QE2 going forward.

QE2 has been in the process of locating additional board members and will likely be announcing the appointment of an independent director in the near term.

Summary

QE2 is very excited about the future prospects for the company and the company will continue to prudently execute on its growth strategy, which will translate into strong returns for QE2 shareholders.

Mike Belantis

CEO and Director

QE2 Acquisition Corp.

About QE2 Acquisition Corp.:

QE2 is a forward thinking, Alberta-founded Corporation involved in the acquisition and growth of well-managed, profitable, asset-backed, Western Canada based businesses in the infrastructure and utility sectors. QE2’s growth strategy is a merger and acquisition program which leverages the synergies that can be achieved by vertical and horizontal integration.

For further information please contact,

Mike Belantis, CEO and Director

QE2 Acquisition Corp.,

Tel: (403) 478-0055

Fax: (403) 770-8468

Email: info@qe2corp.com

Cautionary Statements

Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

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

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Lexaria Announces ViPovaTM Website for CBD Research and Direct Tea Sales

Posted by AGORACOM-JC at 9:46 AM on Thursday, January 15th, 2015

KELOWNA, BC / January 15, 2015 / Lexaria, Corp. (LXRP) (CSE:LXX) (the “Company”) announces that ViPova(TM) by Lexaria has launched a new website at www.vipova.com. The new site is live and contains research on tea, cannabinoids (CBD) and cannabidiol.

Consumers across all 50 states can now buy America’s FIRST product that uses patent-pending technology to infuse CBDs within lipids for the most comforting and effective experience possible.

The new www.vipova.com website will take your orders now and we have ViPova(TM) Tea in-stock and ready to ship today. Customers can also call 1-888-976-8482 from 9AM to 7PM EST Mon-Fri to place their orders. We are not yet ready to accept credit cards as payment, but expect to be able to add that feature soon.

For a limited time only, we have two introductory offers to thank our first customers:

Our earliest customers will receive a coupon with their first order of ViPova(TM) Tea; the coupon is good for 30% off your second order, and your second order can be any size you like. Only one coupon will be available to each customer. Also for a limited time, get free shipping anywhere in the USA for your tea order – we pay the cost of delivering the tea to you. www.vipova.com is more than just the first online location to sell ViPova(TM) Tea. It is also a leading location for research on cannabinoids, allowing visitors to learn for themselves of the many studies already conducted on CBD’s. Research will be regularly updated and broadened and everyone is encouraged to visit to learn of the wondrous properties of cannabidiol.

We also are launching an online community and blog at the website; users will have the opportunity to share their personal experiences with the therapeutic and wellness effects of cannabinoids and customer experiences with ViPova Tea. Over time we hope that users will share knowledge, recipes and other information.

As well, ViPova(TM) co-founder and consultant to Lexaria Dr. Michelle Reillo, will write a regular blog feature available only at www.vipova.com, sharing her extensive knowledge on the endocannabinoid system and how her research has suggesting that good overall health is perhaps not possible when the endocannabinoid system is compromised or weakened.

It is our hope that over time, www.vipova.com will become the leading portal for knowledge, research, personal experiences and, of course, a venue to purchase products from Vipova(TM) all related to cannabinoids.

About Lexaria

Lexaria’s shares are quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns. www.lexariaenergy.com

About ViPova(TM)

ViPova(TM) uses only legal CBD oil extracts, grown from legal hemp in locations where it is legal to do so, in ViPova(TM)-branded tea. ViPova(TM) uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPova(TM) has this ground-breaking technology for CBD/lipid infusion. www.vipova.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate”, “if”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “could”, “should”, “will”, and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, CBD sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that existing capital is sufficient for the Company’s needs or that it will need to attempt to raise additional capital. There is no assurance that any cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPova(TM) products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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Continuity of Nickel-Copper System Extended for 584 Meters on Julie Nickel Discovery on the Quebec North-Shore

Posted by AGORACOM-JC at 12:54 PM on Tuesday, January 13th, 2015

  • New batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters.
  • Best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Baie-Comeau, Quebec / January 13, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announced today that a new batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters. The best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Results Warrant Acceleration of Plans for Julie Nickel Discovery

“We are very encouraged by these new additional results coming out of the Julie-Nickel Project. The fact that these latest results were achieved over 200 metres away from a previous discovery makes us optimistic for the future of this early stage project. As such, we have accelerated our plan and expect to bring this discovery to drill ready stage before the summer of 2015.” Commented Frank Dumas, President & CEO of the Company.

“This acceleration is further supported by the expectation that nickel prices could move dramatically higher over the next two years as a cyclical recovery takes hold in the base metal sector, according to a recent report from Scotiabank” Dumas went on to say.

Joel Scodnick, P.Geo., Vice-President Exploration of St-Georges commented: “(…) no matter how you look at this mineralized corridor, there’s a 13km long magnetic anomaly that appears to be spatially associated with the Julie showing and all the other showings along strike of the Julie showing as mentioned in the press release. This structure is further evidence of a fairly extensive and pervasive plumbing system responsible for the concentrations of nickel discovered so far. Based on the surface work conducted and very shallow drilling using a man-held portable drill it is imperative at this point that St George’s establish a detailed grid in preparation for a diamond drilling campaign. If it can be established that the nickel sulphide enrichment is present at depth and along strike then a deposit of significance could be present, especially given the fact that the structure is so long and most like deep-rooted.”

Results Summary

T2 Zone

A surface mineralized zone of 52 meters by 18 meters referred to as “T2″ has been identified. This zone is located 116 meters away from the initial discovery of “T1″ on an East-North-East trend. It is categorized by a series of small gossans within a larger zone of mafic and ultramafic rocks at or near surface.

When added to the T1 Zone already identified (See Press Release, December 29, 2014) it covers a total of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery which has been identified by geophysical data obtained by St-Georges in 2011 where a 13 kilometres magnetic conductor on a WSW to ENE trend was discovered.

The table below outline the results from a 2.88 meter channel sample taken in parallel with the mineralized body at surface:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 6 0 2.88 2.88 0.828 0.135 0.025

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel sample was located at N49? 57.517′ W69? 26.911′

Results from a man-held portable drill hole are also available. The hole was drilled vertically from surface to a shallow depth of 0.40 meters and was assayed as a whole. The drill hole was located at N49? 57.513′ W69? 26.911′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Hole #2 0 0.40 0.40 1.17 0.132 0.0269

Other results from Channel cuts yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 4 0 1.64 1.64 0.571 0.116 0.0148

This channel is located on the outskirt of the mineralized body and in parallel with it at N49? 57.518′ W69? 26.906.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 7 0 2.16 2.16 0.157 0.0351 <0.001

This channel sample is located outside of the mineralised body at N49?57.518′ W69? 26.905′

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

T3 ZONE

The T3 exploration target zone is a surface mineralized zone measuring 58 meters by 8 meters located 159 meters to the South-East of the eastern limits of the T2 Zone. This zone seems to be trending from a North-South to East-South-East axis. Its north-western section encompasses the southern boundaries of the previously identified magnetic conductor on the Julie Project. When added to the T1 and T2 Zones already identified it covers a total 455 meters which is mineralized at or near surface.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Channel 3 0.82* 2.76 1.93 0.39 0.108 0.012
including 2.21 2.76 0.55 0.47 0.0914 0.013

*The interval 0-82 cm is still being analysed at the time of this press release. Location of the channel is N49? 57.566′ W69? 26.774′

* Reported channel sample sections are not true widths. An apparent surface width of 6 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

A 3.38 meters channel located on the southern limit of Zone T3 yielded 8.8 g/t of Silver and 0.03% Zinc with 0.175% Copper.

Manheld portable drill hole drilled vertically from surface in the mineralized body within the North-Western section of zone T3 yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Hole #1 0 0.42 0.42 0.453 0.068 0.011

Location is N49?57.566′ W69? 26.769′

T4 ZONE

This surface mineralized zone is located 98 meters to the East of the T3 Zone South-Eastern boundary and covers 31 meters x 8 meters. This zone is just south and the magnetic conductor.

A man-held portable drill hole yielded this result:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T4 Hole #1 0 0.26 0.26 0.968 0.048 2.2

Location is N49? 57.604′ W69? 26.659′

T9 ZONE

The T9 Exploration Target is a zone that runs on a West-East axis located approximately 740 meters directly to the north of the Zone T4 boundary and 1.07 km to the East-North-East of Zone T1. The surface mineralization cover 142 meters x 21 meters and it is characterized by a large gossan zone. The gossan is hosted by mafic and ultramafic rocks in contact with a Gneissic unit. This zone is several hundred meters outside of the magnetic conductor identified and lies in a magnetic low area of the property.

Initial partial results from this zone confirmed the presence of Copper and yield these results:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T9 Channel 3 0 1.20 1.20 0.04 0.194 9.3

Location is N49? 58.051′ W69? 26.635′

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the company’s geological staff and reviewed the available analytical and quality control results.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas,

Frank Dumas, President & CEO

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

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

Quebec Quartz Assay Results for Martinville Surpass Expectations, Validated as Suitable for Silicon Metal and High Purity Quartz Applications

Posted by AGORACOM-JC at 12:45 PM on Tuesday, January 13th, 2015

Montreal, Quebec / January 13, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has received assay results for samples taken on the Martinville Quartz (Silica) property located in Clifton county in the Eastern Townships region of Quebec.

The corrected SiO2 average for the 7 samples assayed is 99.63%, ranging from 99.42% to 99.82%. These results validate the fact that the quartz material from the Martinville Property would make suitable feedstock for Silicon Metal production and applications requiring high purity quartz.

Patrick Levasseur, President and COO of Uragold stated, “We are extremely happy with these results. They have surpassed our initial expectations and validated our decision to focus on our Martinville property since quartz mined from the region back in the 80’s was used for silicon metal production. Furthermore, the property is situated within 100 Km from a deep-sea harbour that can handle bulk shipments for worldwide exports, less then 500 Km from the future FerroAtlantica Port Cartier Silicon Metal production facilities and less then 100 Km from Globe Specialty Metals Becancour silicon metal production facilities.”

In 1995, a geophysical survey resulted in an exploration potential estimated at over 1,000,000 tons of SiO2 using the 200 m surface length of the quartz vein, with an average width of between 2 m and 23 m and assuming a continuation up to 30 M of depth. (GM53696: Pierre Vincent, Constellar Geosciences. 1995.).

All the information on exploration potential herewithin presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

IMPORTANCE OF QUARTZ (SILICA)

Quartz (SiO2) is one of the most abundant minerals. It occurs in many different settings and in many different rock types. However, High Purity Quartz deposits with low impurities are rare and only a few deposits are suitable in volume, quality and amenability to be tailored to refining methods for specialty high purity applications.

High Purity Quartz (HPQ), and Silicon Metal is used in large part in the aluminum industry while Ultra High Purity Quartz (UHPQ) has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries.

GO FORWARD PLAN:

The Corporation intends to advance the development of the Martinville project by completing the following steps during Q1 & Q2 2015:

  1. 1.Send material to specialized laboratories to find the best beneficiation process to transform the Martinville Quartz material into Ultra High Purity Quartz for advanced material and pharmaceutical applications.

High Purity Quartz beneficiated to 99.998% Si02 can command prices up to
US$ 6,000/T (Source: Dorfner Anzaplan). The Corporation intends to focus its interest on this segment of the market.

Run of mine quartz for Silicon Metal usage commands sale prices averaging between US$ 100/T to US$ 250/T.

  1. 2.Send quartz samples to Silicon Metal and other material buyers.

The chemistry of the Martinville quartz material meets end-user requirements for Silicon Metal production. Multiple end-users that have demonstrated interest in our projects are now requesting samples for thermal tests.

  1. 3.Evaluating the Property Potential.

The exploration potential of over 1,000,000 tons of SiO2 estimated in 1995 needs to be confirmed, map and measured to 43-101 standards.

PARTIAL TABLE OF RESULTS:

Report Number: A14-09140
Analyte Symbol SiO2 Al2O3 Fe2O3(T) LOI Total SiO2
Unit Symbol % % % % %
Detection Limit 0.01 0.01 0.01 0.01 0.01
Analysis Method FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF ADJUSTED
41755 98.13 0.30 0.01 0.15 98.60 99.52%
41755-B 100.05 0.25 0.01 0.14 100.50 99.55%
41756 99.16 0.34 0.01 0.19 99.74 99.42%
41757 98.47 0.14 0.01 0.16 98.80 99.67%
41760 99.80 0.09 0.03 0.11 100.10 99.70%
41761 99.10 0.04 0.01 0.11 99.28 99.82%
41762 98.25 0.13 0.01 0.13 98.53 99.72%
AVERAGE 98.99 0.18 0.01 0.14 99.36 99.63%

The total exploration area of the Martinville deposit is 2.42 Km2. The deposit consists of hydrothermal quartz veins encased in schist’s. In order to have a good sampling spread, 7 samples were taken at different zones of the quartz vein outcrop.

Assay results confirm that the material is low to very low in all the major contaminants: Al2O3 average: 0.18%, range from <0.04% to 0.34%, Fe2O3 average: 0.01%, range from 0.01% to 0.03%, Co3O4 all samples <0.005%, CuO all samples <0.005%, MnO all samples <0.001%, NiO 6 samples <0.003%, one sample 0.008%, MgO all samples <0.01%, CaO 18 samples <0.01%, Na2O all samples <0.01%, K2O 5 samples <0.01%, the other 0.01% and 0.02%, TiO2 6 samples <0.01%, the other 0.01%, P2O5 average: 0.01%, range from 0.01% to 0.02%, Cr2O3 all samples <0.01%, V2O5 all samples <0.003%.

The material was first sent to the INRS (Institut National de la Recherche Scientifique) laboratory in Quebec City to be prepared for testing for Silica values. 7 prepared samples were sent to the Activation Laboratories in Ancaster, Ontario for whole rock and trace elements assay (FUS X-Ray Fluorescence (“XRF”)).

The average loss in ignition (“LOI”) (material and moisture burned off during the assays) for the 7 samples is 0.14% (ranging between 0.11% and 0.19%). This suggest that a certain percentage of the alkali metals are present as a carbonate molecule, and with an average laboratory total of 99.36% (ranging between 98.53 % and 100.5%), a correction for the loss of carbonate is required in order to present the actual SiO2 grade of the samples.


Click Image To View Full Size

Picture 1: Field sample from the Martinville Property


Click Image To View Full Size

Picture 2: Quartz vein outcrop at the Martinville Property. # 41757 Si02 99.66%, # 41756 Si02 99.42%, # 41755 Si02 99.55%,

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

All the information on exploration potential herewithin presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

About Quebec Quartz

Uragold 100 % wholly owned subsidiary, Quebec Quartz, by virtue of being a first mover into this market, succeeded in becoming the largest holder of distinct High Purity Quartz properties in Quebec. Quebec Quartz strategic portfolio of High Purity Quartz (+99.+% SiO2) deposits and closed silicon metal mines in Quebec represent a unique and valuable asset. Quebec Quartz aims to become a leading supplier of Ultra High Purity Quartz

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com/Quebec-Quartz.php

Liberty Star’s Porphyry Copper-Gold-Moly Hay Mountain Project: 2014 Summary of Activity & 2015 Management Discussion

Posted by AGORACOM-JC at 9:38 AM on Monday, January 12th, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to update shareholders and interested parties regarding the Company’s 2014 activities, including progress toward obtaining approval of its Plan of Operation for the Hay Mountain Project (“Hay Mountain”) in southeast Arizona’s Cochise County within the historic Tombstone mining district. More topics of discussion include CEO/Chief Geologist James A. Briscoe’s travel plans for the 1st quarter of 2015 to the Middle East, Hong Kong and Manila to secure funding for Phase 1 exploratory drilling at Hay Mountain and other more long range planning.

The Last 12 Months:

1.

Planning and Geoscientific Interpretation:

This period was primarily occupied with planning and permitting of Hay Mountain. This included conceptualizing and creating a plan for an aggressive drill program which would result in a strongly compressed time line to test and drill out what our evidence suggests is a large porphyry copper-moly precious metal system with a footprint large enough to contain a very large mineral body. Our goals are to drill out this body within a span of 4 years and to bring it into production within 7 years of the start of drilling. This is a very tall order, because the average time to bring an orebody into production now in the USA is 15 years. We have brought to bear a lot of computerized data gathering that we have used in other projects in order to reduce time to a minimum and lower costs. We refined this detailed computerized exploration plan and created a budget, using Microsoft Project® including 5,000 line items (resources) are scheduled and costed on a simple but effective computer Gantt Chart, that will allow us to keep track on a daily basis of projected cost vs actual cost and predict daily time- to- completion of our objectives would be as the project progresses. Many operations, permitting procedures and community outreach will proceed simultaneously with the exploration and mine development procedures. The reason for this attention to timing was the result of information gleaned from our visit to India and later China. In consultation with industry-leading drilling experts, and other specialists including our permanent staff and Technical Board of Advisors, it has resulted in one of the most innovative plans using various time and expense saving procedures throughout the exploration program that have resulted in a very low “all-in” cost per foot of drilling. We believe we can meet these timing expectations.

2.

Permitting

a.

Approval by the Arizona State Land Department (ASLD) of the Company’s Plan of Operation (the “Plan”) is required to conduct exploratory drilling at the first Hay Mountain target, which is located primarily on State Land. The Plan of Operation was submitted to the ASLD in August with a proposed period of operation of one year beginning September 29, 2014 (NR 187). Liberty Star has so far answered all questions and comments from the ASLD and expects final acceptance of its Plan within the next 20 to 60 days or so (given expected delays around the holiday season). Upon approval, Liberty Star’s drilling contractor will obtain drilling permits from the Arizona Department of Water Resources (ADWR) which takes very little time to process. Once those permits are in hand, and appropriate funding is in place, Phase 1 drilling can begin at Hay Mountain.

b.

Approval by the US Bureau of Land Management (BLM) we also need drilling permits on the relatively small amount of Federal Lode Mining Claims making up some of our land package. These permits are not as time-critical as the ASLD permits, but it is our objective to obtain these in the first quarter, 2015.

3.

Altered and Mineralized Outcrops Discovered The only geologic map of sufficient detail covering the Hay Mountain area published in 1956 (James Gilluly, General Geology of central Cochise County, AZ, USGS Professional Paper 281, 169 pages) was prepared during the late 1930s and 40s appears to be of excellent quality considering its small scale. However, more detailed surface mapping in concert with new very high resolution natural color space imagery reveal previously unmapped outcrops with occasional specks of green copper oxide, and suspected black copper oxide, along with silica and carbonate veining similar to that adjacent to the Copper Queen Mine in limestones at Bisbee about 15 miles to the south. This recognition is important, and we believe with further work it will be expanded to reveal more outcrop. This suggests the following:

a.

The depth to mineralization may be much shallower at least in some areas than had been previously supposed; giving strength to the possibility that a mineral body amenable to open pit mining at relatively shallow depth may be present.

b.

The presence of oxide copper at the surface suggests there may be a near surface mineral body of oxide copper that could be recovered by heap leaching or in situ leaching, either one or both recovered by solvent extraction – electrowinning. This method of copper or gold /silver mining where the metallurgy is optimum, is the least costly to perform and requires minimal plant infrastructure and hence lower capital requirements for startup. Several such projects nearby either have been in production, are in production or are in testing and feasibility for production. These include:

• Bisbee – Copper and uranium – past

• Bisbee – the Cochise ore body – future

• Tombstone – silver and gold – past

• Safford – copper – production now

• Rosemont – copper – under consideration

• Johnson Camp, Texas Canyon, AZ –open pit heap leach copper -dormant

• I-10, Gunnison Hills, Excelsior, Texas Canyon, AZ -copper – in situ- in pre-feasibility studies.

Discovery of such a leachable ore body, similar those enumerated above, could result in a very fast tracked production facility producing wire grade copper which would be marketed as (or before) it was produced, creating an almost immediate positive cash flow from this production

c. Drilling would continue to define:
i. An expected sulfide enrichment mineral body or skarn limestone hosted body or both which might be mined by open pit: examples – Bisbee, Silverbell & Mission-Pima, Arizona, USA
ii. A deep seated high volume underground mineral body that would be mined via shafts, and appropriate underground methods examples – Bingham Canyon, Utah, USA, Grasberg, Papua Province, New Guinea
d.

If such mineral bodies as in a, b and c, above were to be defined and if they were to be projected by standard engineering studies to be profitable, by standard mining methods, mine and mill construction would be undertaken and large scale production would ensue.

e. Such developments as noted in a, b, and c above would be preceded by Bankable Feasibility Studies and funding could then become available through bank consortia or other typical sources.
4.

New Targets Identified in the Last Two Months Over the last two months, additional redrafting, clarification and reinterpretation of the geoscientific data over the Hay Mountain area now defined as the “Area of Mutual Interest (AMI)” covering approximately 42 sq. miles (109 sq. km), and including previously identified anomalies, have been undertaken. Other anomalies of potential importance have been identified. This is not a reprocessing of the metadata received from the Geotech ZTEM metadata, or their Professional scientific interpretation of that data in their Professional Report on the survey, but simply a clarification and reinterpretation based on that clarification.

a.

These targets will be incorporated into an updated business plan that is currently being drafted with the intent of making future proposals more financially rewarding, and thus more attractive to venture partners.

b. When these plans are finalized and vetted by specialists, they will be incorporated into our proposals for funding.
5.

ASLD Permits In addition to approval of its Plan by the ASLD, Liberty Star needs to fund Phase 1’s newly planned expenditure of $9 million that will incorporate proportional funding for preliminary exploration of the additional targets mentioned in 4, above.

6.

Recent Tours of the Hay Mountain Project There are increasingly more parties interested in the Hay Mountain Project. Mr. Briscoe and our arm’s length skarn porphyry copper expert consultant have conducted several tours of the Hay Mountain Project area and other sites of importance to the understanding of Hay Mountain, in southeast Arizona, with potential funders. These other sites of importance draw a close comparison to existing porphyry copper deposits with Hay Mountain.

7.

We expect to conduct as many as two more of these site visits and accompanying tours before traveling to the Middle East, Hong Kong and Manila, (Philippines) as previously announced in September (NR 188) and in this update. Naru Capital – naseba (“Naru”) will sponsor a Middle East (Saudi Arabia, Oman, Dubai) roadshow specifically designed to match Liberty Star’s funding expectations with the appropriate pool of prequalified potential funders. Their plan is to continue the roadshow in Hong Kong. Briscoe then intends to visit Manila, Philippines in response to specific expressions of interest from potential investors in that mining country; a representative of the group (a mining engineer and large Liberty Star share holder) has taken a field trip to the Hay Mountain Project area recently, with positive response. Briscoe’s travel is scheduled to begin the third week of February, 2015.

Comments Mr. Briscoe:

“Season’s Greetings to Liberty Star shareholders and supporters. As we face a new year it is time that I reaffirm Liberty Star’s goal to commence drilling at Hay Mountain and define an economic body of mineralization there. From surface studies and a deep understanding of the area, we have concluded that we may expect a very large, near surface porphyry copper mineral body, extending to great depth. This conclusion must be proved through exploration drilling. I expect that drilling in 2015 will confirm our geoscientific data. It has been frustrating that we could not move to the drilling phase this year, but the slow process of permitting State land, and the difficult state of the economy as a whole and the mining industry in particular cannot be denied. I am routinely asked why we have been unable to obtain funding for Hay Mountain since the indicators for success are so strong. The answer is long and complex. Those of you that follow mineral exploration and mining know the severe state of the industry due to the downturn in the minerals Super Cycle, which finds industry giants such as Freeport McMoRan and BHP Billiton and many others trading significantly down over last year. Despite this current downturn for us in mining, several current economic studies suggest the Super Cycle may be setting up for a resurgence, though it is much more complex with the entrance of China and other new consuming and producing countries versus earlier periods when it was driven primarily by North America and Europe (including the U.K. and Australia). Computer reduction of these complexities show it is, in fact, alive and well and is moving forward to another increase in time for us to profit from our efforts (from Keynote luncheon address SME Yearly meeting 12-08-2014 by Raymond Goldie, Salman Bros.). I believe we can turn the corner and prosper as metal prices are bound to rise substantially with this projected resurgence. I, and many others industry-wide, believe the long term demand is there and several studies show the World will need more copper in the next 25 years than in all the history of mankind. The task at hand is to find appropriately risk-tolerant investors that are seeking to enter a market that is at its bottom and willing to stay for a rise that will be several years in the making but just in time for our potential production. I will continue to work with the experts at naseba/Naru to help us find such investors with sufficient financial wherewithal, but I am open to hearing from any credible alternative funding sources for Phase 1, in combination with or independently of others. I believe that our Phase 1 investors will be rewarded greatly for the investment they make in funding our Hay Mountain Project.”

Management discussion – Expectations, First Quarter 2015

1. Director Brett Gross will be working to improve the Company’s structure to enhance long term stability and attractiveness to all prospective investors. This will include, in addition to other things, a succession plan for critical and key employees. A corporation, as an entity with a legally perpetual life, dictates such succession planning to assure long term company strength, stability and sustainability. While there are no current concerns of any critical or key employee becoming unable to perform his or her duties, prudent corporate policy demands planning for the duration of the corporation’s existence. This includes succession planning for positions essential to seamless corporate continuity.
2. It is also our objective to move our existing projects forward including Walnut Creek and others in the Tombstone area, North Pipes, and other opportunities which have come and continue coming to our attention. Some of these are smaller (than Hay Mountain) and include precious as well as base metals. My trips to India, China, and the Middle East suggest there is also a strong interest in these types of more moderately sized projects as well as mega projects like Hay Mountain.

During 2015

We hope to achieve several milestones following return from my trip to the Middle East, Hong Kong and the Philippines, including:

1. Having funding in place to start Phase 1 drilling on the main Hay Mountain target in the second half, 2015
2. In the second quarter, have detailed geoscientific work on our other AMI targets well underway and subsequent drilling programs well into the planning – permitting stages
3. Placing additional funding for the new AMI targets
4. By mid-fourth quarter, 2015, being well underway with and increasingly successfully intersecting strong mineralization in Hay Mountain Target 1, Phase 1, and beginning Target 1, Phase 2 funding draw-down and the associated three-year drilling effort.

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

Forward Looking Statements

Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include all our planned drilling program and our planned route to access partners or funding sources, including without limitation our plan to commence drilling at Hay Mountain and define an economic body of mineralization there; that we can drill out the project within a span of 4 years and to bring it into production within 7 years of the start of drilling; that discovery of such a leachable ore body, similar those enumerated above, could result in a very fast tracked production facility producing wire grade copper which would be marketed; that we expect final acceptance of our plan of operation within the next 20 to 60 days; that BLM permits will be granted in the first quarter 2015; that metal prices will rebound; and that Mr. Briscoe’s travels will result in a potential partner for our projects . Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
info@LibertyStarUranium.com
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CLIENT FEATURE: Garibaldi (GGI: TSX-V) Attractive Share Structure, Strong News flow from Mexico and BC

Posted by AGORACOM-JC at 2:11 PM on Friday, January 9th, 2015

WHY GARIBALDI RESOURCES CORP?

  • Attractive share structure
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

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