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Vancouver, BC, April 01, 2019 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomikoâ€) (TSX-V: LMR, LMRMF, FSE: DH8C, (ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) is pleased to report that Mr. Dean Nawata has been appointed to the Lomiko Board of Advisors.
“Dean has extensive experience in the resource industry and is able to provide strategic advice as Lomiko’s La Loutre Project proceeds from exploration to updated resource and pre-economic assessment.†Stated A. Paul Gill, CEO of Lomiko Metals Inc.
Mr. Nawata is part of the team at 49 North, a resource investment company with a diversified portfolio of investments in junior and intermediate mineral and oil & gas exploration companies. He has been with 49 North for over 7 years providing project evaluation, business model development, corporate structuring, and financial modeling.
Dean has over 20 years of public market experience, 9 of which he spent as a licensed stockbroker focusing on financing of junior mining and oil/gas projects with BMO Nesbitt, Mackie Research Capital, and Raymond James. He has previously held senior management positions and sat on boards of several publicly traded resource companies. Dean is also currently a co-founder of Real Content Social Media and Vice President at InvestmentPitch Media, both private companies.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].
On Behalf of the Board,
“A. Paul Gillâ€
Chief Executive Officer
We seek safe harbor. 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
Attachments
A. Paul Gill Lomiko Metals Inc. (TSX-V: LMR) 6047295312 [email protected]
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About Gratomic Inc.
Gratomic is an advanced material company focused on mine to market commercialization of graphite products, most notably high-value graphene-based components for a range of mass market products.
FULL DISCLOSURE: Gratomic is an advertising client of AGORA Internet Relations Corp.
Vancouver, British Columbia–(Newsfile Corp. – March 22, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce phase 3 drilling is underway at the Tabasquena mine in the state of Zacatecas, Mexico. Two targets are planned to be drilled during this program, one is a near surface target and the other deeper to test the boiling zone of the cluster of epithermal veins drilled in the two earlier phases of drilling.
Highlights of Phase 1 and 2 Drilling
Advance discovered a cluster of epithermal veins through drilling, all but a few of them blind. This suggests drilling intersected the top of the epithermal vein system. From a regional perspective, most of the veins found near the city of Fresnillo, including those found at the Fresnillo Plc. and Mag Silver Juanicipio joint venture are blind.
Often, at the top of an epithermal vein system, anomalous to low grade is expected, which was found in phase 1 and 2 drilling. Also present in the core is milky quartz and amethyst, another important indicator of being at the top of an epithermal vein system. Importantly, crustiform and colloform quartz was encountered which are indicative of a long lived, multiple phase system.
Phase 3 Drilling Plans
Two shallow holes, around 150 metres each, are planned to test the near term production potential in the oxide zone of the Tabasquena vein. In the phase 2 drilling, a 12 metre intersection of the Tabasquena vein in the oxides was hit. This vein in the oxides is much wider than the historical 2-4 metre mining widths utilized by former operator Penoles. This intersection was a 125 metre step out to the north of the old mine workings and is approximately 75 metres along strike from the 100 metre deep shaft and headframe. Advance has mining equipment on site and the Tabasquena project is fully permitted for mining.
A key focus of the phase 3 drilling will be to drill deeper to target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature. A proposed deep hole will start from the west side of the fault, drill east, to then go through the cluster of veins to catch them at the boiling zone. This hole is planned for approximately 700-800 metres of depth, based on the well understood model of epithermal veins in the area, this depth should reach the boiling zone.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “In past drilling, we have been able to hit important milestones drilling at the Tabasquena, with the discovery of a wider portion of the Tabasquena vein in the oxide zone, and the discovery of a cluster of epithermal veins. Our team is excited to test these two important targets. Considering we have a mine permit, and underground workings, plus that many streamers and royalty companies are in need of new projects to deploy their cash, makes the near surface drilling an important drill target. The deep drilling is very exciting as well. Our past drilling has shown we have a large epithermal vein cluster, mineralization of gold and silver, and that it is a long-lived system. Now comes the exciting part, drilling deeper to test for the boiling zone of the system.”
Julio Pinto Linares, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.
The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.
Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.
In addition, Advance Gold holds a 14.53% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.47% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold).
For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]
WOLLASTONITE
St-Onge-Wollastonite Deposit: Resource Classification
Utilizing Wollastonite as A Soil Additive
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Vancouver, British Columbia–(Newsfile Corp. – March 28, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that new prospecting licenses have been issued for the three claims (PL/2018/0210, PL/2018/0211 and PL/2018/0212) that make up the West Kenya, Advance Gold – Acacia Mining joint venture. Two of the claims are located on either side of Acacia Mining’s 100% owned ground on the Liranda corridor.
On Acacia’s 100% owned ground a resource estimate (from the Isulu Shoot) was announced in February 2018, consisting of 1.2 million ounces of gold with an average grade of 12.6 g/t. The Isulu Shoot zone is contiguous to Advance Gold’s license PL/2018/0211 and PL/2018/0210. Mineralization hosted on Acacia’s property is not necessarily indicative of the mineralization hosted on the properties that make up the Advance-Acacia joint venture. In addition, claim PL/2018/0211 has seen past drilling that returned a highlight hole of 6 metres of 30.9 g/t gold, see April 18/2016 news release.
The joint venture is owned 85.37% by Acacia and 14.63% by Advance Gold. If during the joint venture either party decides to sell their interest, the other party has a first right of refusal on any offering price. If Advance Gold is diluted down to a 10% interest (approximately $1.7 million in exploration to dilute), then its interest converts to a 3% uncapped net smelter royalty (NSR). In the event that Advance Gold is diluted to a NSR, Acacia Mining has no first rights of refusal and the NSR can be sold directly to any interested party.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Management is delighted with the new licenses for our strategically located claims in Kenya that have been recently re-issued. The joint venture claims have seen high-grade gold intersections in past drilling, and are located on the Liranda corridor on either side of Acacia Mining’s high-grade gold resource at their Isulu Shoot. Based on the past work at the joint venture claims, including drilling, geophysics, and surface sampling, the potential of the project is clear and why an Acacia Mining sized company is our partner. Acacia Mining is 64% owned by Barrick Gold Corporation, so it is fair to say from Barrick’s public statements about deposit size, that they are looking for more than 1.2 million ounces. A logical move by Acacia Mining will be to drill more extensively on the joint venture ground so as to enhance Acacia Mining’s known resource. Now that we have the new licenses, Advance Gold will evaluate its options to participate in further exploration, or be diluted down to a NSR. We are also considering the option to sell our interest as we feel that it is an attractive asset for gold miners, streamers and royalty companies that are hard pressed to put their cash to work as there aren’t a lot of high-grade gold projects to choose from.”
About the Liranda Corridor Claims
The Liranda Corridor is found on the map below (from the Acacia Mining corporate presentation Feb. 2019) and it has been the focus of Acacia’s exploration in western Kenya.
On Acacia Mining’s 100% owned ground, they have an inferred resource of 1.2 million ounces at 12.1 g/t gold. The entire resource is on the Isulu Shoot and can be seen in the upper right corner of the map and is highlighted in red. The Isulu Shoot occurs in the same structures that extend onto the Advance Gold-Acacia Mining joint venture ground.
Past drilling on the joint venture ground, has returned some of the highest reported grades from the Liranda corridor. Including highlight drill intersections of 6 metres of 30.9 g/t gold (drillhole – KDAC0152), see April 18/2016 news release.
Acacia Mining has determined the scope of the resource on their 100% ground. It is clear from the geological setting, the structural trends and past drilling on the joint venture ground that it is a prime target area to enhance the Acacia Mining resource.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5492/43731_47b4a7fc0410cac4_002full.jpg
Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., for Advance Gold and is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
Other News
The company would like to report the retirement of Jim Gillis. He will be stepping down as the Chairman of the Board and director and will be replaced by current director Bradley Newell.
The board of directors would like to thank Jim Gillis for his many years of guidance and wish him all the best in his retirement.
In addition to Bradley Newell being a director that has been helping guide the company, he is also the largest individual shareholder.
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.
The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings,plus it is a fully permitted mine.
Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.
In addition, Advance Gold holds a 14.63% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.37% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold Corporation).
For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]
Corporate website: www.advancegold.ca
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Thunder Bay, Ontario–(Newsfile Corp. – March 22, 2019) – ZEN Graphene Solutions Ltd. (TSXV: ZEN) (“ZEN” or “Company”) announces that its winter drilling program on the Albany Graphite Project has concluded with two large diameter holes totalling 263 metres having been completed. These two holes yielded over 110 tonnes of Albany Graphite material, sufficient material to produce several tonnes of purified graphite to be used as pre-cursor graphene material for graphene applications testing. The recovered material will now be prepared for shipping so that in can be processed into high purity graphite for graphene production.
Dr. Francis Dubé, Zenyatta’s Coâ€CEO and Head of Business Development and Technology said: “While unseasonably mild temperatures forced earlier termination of the program than originally planned, sufficient material was collected to be used to develop ZEN’s commercialized graphene production process and larger scale graphene applications development. Since the permits remain valid until at least 2022, ZEN will be able to collect additional bulk sample material as needed next year.”
A decision will be made on an additional bulk sampling program during the course of the year as the Company moves forward in developing graphene enhanced applications. Surplus funds from the 2019 program will be re-deployed for other planned activities in 2019 including, environmental baseline, geotechnical and hydrogeological studies.
Mr. Peter Wood, P.Eng, P.Geo., President and COO of ZEN Graphene Solutions, is the “Qualified Person” for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release.
About ZEN Graphene Solutions Ltd.
ZEN Graphene Solutions Ltd. is an emerging graphene technology solutions company with a focus on development of the unique Albany Graphite Project as a precursor graphene material product opportunity and product market development. The Albany Graphite Project provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN’s Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.
For further information:
Francis Dubé, Co-Chief Executive Officer
Tel: +1 (289) 821-2820
Email: [email protected]
To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com. A copy of this news release and all material documents in respect of the Company may be obtained on ZEN’s SEDAR profile at www.sedar.ca.
About ZEN Graphene Solutions Ltd.
ZEN Graphene Solutions Ltd. is an emerging graphene technology solutions company with a focus on development of the unique Albany Graphite Project as a precursor graphene material product opportunity and product market development. The Albany Graphite Project provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN’s Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.
For further information:
Francis Dubé, Co-Chief Executive Officer
Tel: +1 (289) 821-2820
Email: [email protected]