Posted by AGORACOM
at 11:46 AM on Tuesday, December 22nd, 2020
Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB81)(OTCQB:CBULF) (WKN:A143MR) is pleased to announce the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI43-101“) technical report dated December 9, 2020 with an effective date of March 16, 2018 and entitled “Technical Report Buckingham Graphite Project Québec Canada” (the “Technical Report“) in respect of its 100% owned Buckingham graphite project in Quebec (the “Buckingham Project“). The Technical Report was co-authored by Roger Moss, Ph.D., P.Geo. and Isabelle Robillard, M.SC., P.Geo. The Technical Report provides a summary of work carried out on the Buckingham project between 2013 and 2018 and recommends a follow up exploration program for the property. A copy of the Technical Report is available on the Company’s SEDAR issuer profile at www.sedar.com.
The Buckingham Project is primarily underlain by paragneiss and marble of the Central Metasedimentary Belt of the Grenville Province. Two zones of graphite mineralization, the Case Zone and the Uncle Zone were identified during work between 2013 and 2016. The Case Zone is comprised mainly of quartzo-feldspathic paragneiss intercalated with quartzite and marble and contains mostly flake type graphite. The geology underlying the Uncle Zone is comprised primarily of undifferentiated skarns, marble and pegmatite, and contains lump or vein style graphite mineralization.
Work mainly focussed on the Case Zone after preliminary investigations of the Uncle Zone. An airborne TDEM survey carried out during 2016 showed seven anomalies, including a 1.5km long conductor that extended the potential of the Case Zone to the South. Drilling and trenching programs between 2016 and 2018 tested the EM conductor over approximately 700 metres along strike and to vertical depths of up to 111 metres. Significant mineralized intercepts were returned from the entire length of the drill-tested EM conductor. From the NE to the SW, best intersections include 8.87% Cg over 47 m (ddh CK17-04), 4.94% Cg over 66 m (ddh CK18-09), 6.06% Cg over 88 m (ddh CK17-02), 6.88% Cg over 62 m (ddh CK18-07), 3.52% Cg over 53 m (ddh CK17-01) 5.86% Cg over 17 m (ddh CK17-08) and 5.68% Cg over 40 m (ddh CK17-05). These intersections do not represent true widths as more structural data is needed for their calculation (see news releases dated September 28, 2017 and April 3, 2018).
Graphite mineralization is associated with paragneiss and marble, with the highest grades typically hosted by marble. In addition to the surface mineralization seen in outcrop and in trenches, up to three discrete zones of graphite mineralization were intersected in the drilling, although most of the graphite was encountered at vertical depths less than 64 metres.
Recommended follow up work includes a Phase 1 program of mapping and trenching to extend the mineralization along strike to the south of the previous work along the EM conductor and metallurgical testing of a bulk sample from the Case Zone. Dependent on results of Phase 1, a follow up infill drilling program in the northern part of the property with step outs to the south is recommended to outline an initial graphite resource.
Roger Moss, PhD., P.Geo., a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, and a co-author of the Technical Report, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.
“This project fits really well into our Corporate Strategy and the results are astonishing. This project is one of the most promising I have personally experienced out of Canada. We will continue to develop all the Company’s assets as we bring Aukam into the commissioning phase and give shareholders reassurance that the Company has the intention to expand its presence as a going concern in the graphite industry,” stated Arno Brand, President & CEO
“These results show how careful Gratomic has always been in choosing its assets, in which it invests, and this will reflect the long-term value of our Company. The results rival the best Canadian graphite assets I have ever known,” commented Armando Farhate, COO & Head of Graphite Marketing and Sales for Gratomic Inc.
About Gratomic Inc.
Established in 2014, Gratomic is an advanced materials company focused on low-cost mine to market commercialization of carbon-neutral, Eco-friendly, high purity vein graphite and is set to become a key player in EV and Renewable Resource supply chains. Gratomic Inc. is a leader among peers, anticipating full operational capabilities in late 2020 and aiming to transition to an open pit operation as early as the end of 2021.
Gratomic is in the process of solidifying its development plans for micronization and spheronization of its clean Aukam graphite. This significant milestone is a small, additional step in the Company’s existing Eco-friendly processing cycle and will allow its naturally high purity graphite to meet ideal North American battery grade standards for use in Li-ion battery anodes.
The Company promises to deliver mine-to-market traceability and guaranteed quality control. This will be accomplished by providing documented tracking on all graphite generated at its flagship Aukam Graphite Project. The tracking will begin at Aukam and will be verified at every stage during transport.
Two off-take purchase agreements are currently held for lump-vein graphite sourced from Gratomic’s Aukam Graphite Project in Namibia, Africa. Fulfillment of the contracts is slated to begin in 2021. The agreements exist with TODAQ and Phu Sumika.
TODAQ is an innovative tech company and will partner with Gratomic on its mine-to-market commodity tracking.
Phu Sumika is a large global graphite supplier to battery and lubrication companies.
Gratomic Inc. is listed on the TSX Venture Exchange under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
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Posted by AGORACOM
at 8:42 AM on Tuesday, December 22nd, 2020
Drill results include 33.30 metres grading 3.25 g/t Au and 10.45 metres at 3.88 g/t Au
Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce that the second core hole of a 7,000 metre drilling program at its Adumbi deposit has intersected significant gold intersections of 33.30 metres grading 3.25 g/t gold (including 5.70 metres grading 7.00 g/t Au and 9.07 metres grading 5.11 g/t Au) and 10.45 metres grading 3.88 g/t Au, at its 84.68% owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo (see Figure 1 below).
Mineralized sections are summarised in the table below:
Borehole Number
From (m)
To (m)
Intersected Width (m)
Grade (g/t) Au
LADD003
224.55
235.00
10.45
3.88
LADD003
253.50
286.80
33.30
3.25
LADD003
Incl. 253.50
259.20
5.70
7.00
LADD003
Incl. 277.73
286.80
9.07
5.11
Borehole LADD003 had an inclination of minus 57 degrees and azimuth of 220 degrees at the start of hole and regular measurements of inclination and azimuth were taken at 30 metre intervals down the hole. All core was orientated and it is estimated that the true widths of the mineralised sections are 80% of the intersected width. All intercepted grades are uncut. Borehole LADD003 was drilled in place of LADD002 which was stopped after deviating from its intended target depth.
Commenting on these latest drilling results, Loncor President Peter Cowley said: “We are very encouraged by the results of the first two core holes of our 7,000 metre drilling program at Adumbi where we are targeting a significant increase of resources, both within and below the open pit shell. These two infill holes were drilled within the open pit shell where there is already an inferred resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold). These results will further increase the inferred resource. Deeper drilling is now being focussed on the plunging/downdip mineralization below the pit shell.”
In addition to core holes LADD001 and LADD003, the deeper hole LADD004, which was targeting mineralization 140 metres below previous borehole SDD53 drilled in 2017 (borehole SDD53 intersected 23.5 metres grading 6.08 g/t Au), was completed and cores have been submitted for assay. Deeper hole LADD007 and shallower hole LADD006 are currently being drilled to intercept the downdip/down plunge mineralized zone below the open pit shell and at shallower depth towards the northwest at the base of the pit shell respectively (see Figure 2 below).
The gold mineralization at Adumbi is associated with a thick package (up to 130 metres) of interbedded banded ironstone and quartz carbonate and chlorite schist with higher grade sections being found in a strongly altered siliceous unit termed “Replaced Rock” (RP) where structural deformation and alteration has completely destroyed the primary host lithological fabric. Disseminated sulphide assemblages include pyrite, pyrrhotite and arsenopyrite which can attain up to 20% of the total rock in places.
The objective of the current drilling program at Adumbi is to outline additional mineral resources to the current inferred mineral resource of 2.5 million ounces of gold on Loncor’s 84.68%-owned Imbo Project which contains the Adumbi, Kitenge and Manzako deposits (inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au).
Quality Control and Quality Assurance Drill cores for assaying were taken at a maximum of one-metre intervals and were cut with a diamond saw, with one-half of the core placed in sealed bags by Company geologists and sent to the Company’s on-site sample preparation facility. The core samples were then crushed down to 80% passing minus 2 mm and split with one half of the sample up to 1.5 kg pulverized down to 90% passing 75 microns. Approximately 150 grams of the pulverized sample was then sent to the SGS Laboratory in Mwanza, Tanzania (independent of the Company). Gold analyses were carried out on 50g aliquots by fire assay. In addition, check assays were also carried out by the screen fire assay method to verify high-grade sample assays obtained initially by fire assay. As part of the Company’s QA/QC procedures, internationally recognized standards, blanks and duplicates were inserted into the sample batches prior to submitting to SGS Laboratory.
Qualified Person Peter N. Cowley, who is President of Loncor and a “qualified person” as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release.
Technical Reports Additional information with respect to the Company’s Imbo Project (which includes the Adumbi deposit) is contained in the technical report of Minecon Resources and Services Limited dated April 17, 2020 and entitled “Independent National Instrument 43-101 Technical Report on the Imbo Project, Ituri Province, Democratic Republic of the Congo”. A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Additional information with respect to the Company’s Makapela Project, and certain other properties of the Company in the Ngayu gold belt, is contained in the technical report of Venmyn Rand (Pty) Ltd dated May 29, 2012 and entitled “Updated National Instrument 43-101 Independent Technical Report on the Ngayu Gold Project, Orientale Province, Democratic Republic of the Congo”. A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.
About Loncor Resources Inc. Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo (the “DRC”). The Loncor team has over two decades of experience of operating in the DRC. Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base. The area is 220 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (TSX: “ABX”; NYSE: “GOLD”). In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz. Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in approximately 2,000 km2 of Loncor ground in the Ngayu Greenstone Belt that they are exploring. As per the joint venture agreements entered between Loncor and Barrick, Barrick manages and funds exploration on the said ground until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. In a recent announcement Barrick highlighted six prospective drill targets and have commenced confirmation drilling in 2020. Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%. Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.
In addition to the Barrick joint ventures, certain parcels of land within the Ngayu Belt surrounding and including the Adumbi and Makapela deposits have been retained by Loncor and do not form part of any of the joint ventures with Barrick. Barrick has certain pre-emptive rights over the Makapela deposit. Adumbi and two neighbouring deposits hold an inferred mineral resource of 2.5 million ounces of gold (30.65 million tonnes grading 2.54 g/t Au), with 84.68% of this resource being attributable to Loncor via its 84.68% interest in the project. Loncor’s Makapela deposit (which is 100%-owned by Loncor) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).
Resolute Mining Limited (ASX/LSE: “RSG”) owns 26% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering.
Additional information with respect to Loncor and its projects can be found on Loncor’s website at www.loncor.com.
Posted by AGORACOM
at 8:48 AM on Monday, December 21st, 2020
Expands Footprint with Social Equity Dispensary in Historic Haight-Ashbury District
Harborside Inc. (“Harborside”, or the “Company”) (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, announces the closing of the transactions contemplated by the previously announced agreement to acquire 50.1% of the equity (the “Shares”) of FGW Haight, Inc. (“FGW”), a California corporation which has the conditional use approval necessary to operate a cannabis dispensary and related businesses in the Haight Ashbury area of San Francisco, California (the “Acquisition”).
With the completion of the Acquisition, Harborside expands its retail dispensary footprint in the state of California to five and solidifies a strong presence in the historic and culturally-significant Haight-Ashbury district of San Francisco. The Company expects to complete the build-out, receive all necessary regulatory approvals, and open the social equity retail dispensary in the third quarter of 2021.
“I’m excited to continue to expand our footprint in California and look forward to serving consumers in Haight Ashbury,” said Peter Bilodeau, Interim CEO of Harborside. “Together, we will work with the team from FGW to give back to the community and support initiatives to address the negative impact of past cannabis policies which have disproportionally impacted low income and minority community members. This new location will also introduce the best-in-class service and unbeatable product selection that Harborside has become famous for to an iconic area of San Francisco.”
Upon closing of the Acquisition, Harborside paid an aggregate purchase price of USD $2,179,350 based on a post-build-out and proforma working capital enterprise value of USD $4,350,000 (the “Purchase Price”). The Purchase Price is comprised of: (a) USD $1,265,000 as consideration for convertible notes of FGW entitling the Company to such number of underlying Shares equal to 29.1% of the Shares; and (b) the balance of the Purchase Price in multiple voting shares (“MVS”) valued at CAD$125 per MVS as consideration to certain selling shareholders of FGW for 21% of the issued and outstanding Shares.
Subject to regulatory approval, Harborside has also agreed to purchase an additional 29.9% of the issued and outstanding Shares (the “Subsequent Shares”) to get to an 80% ownership of FGW, subject to regulatory approvals. The aggregate purchase price for the Subsequent Shares will be USD $1,300,650, which will be satisfied in MVS valued at the greater of: (i) the 30 day VWAP of the subordinate voting shares of the Company on the Canadian Securities Exchange (“CSE”) at the time of issuance less a discount multiplied by 100; (ii) CAD$150 per MVS; or (iii) such other price as may be approved by the CSE. Harborside also retains the right of first refusal to purchase, in its discretion, in whole or in part and in one or more closings, the remaining 20% of the Shares, subject to regulatory approvals.
About Harborside: Harborside Inc. is one of the oldest and most respected cannabis retailers in California, operating three of the major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California’s only cannabis drive-thru window, a dispensary in Oregon and a cultivation/production facility in Salinas, California. Harborside has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers. In 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States and today holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing. Harborside is currently a publicly listed company on the CSE trading under the ticker symbol “HBOR”. Additional information regarding Harborside is available under Harborside’s SEDAR profile at www.sedar.com.
Posted by AGORACOM
at 3:32 PM on Friday, December 18th, 2020
Candente Copper (DNT:TSX) is currently focused on its 100% owned Cañariaco project, which includes the feasibility stage Cañariaco Norte deposit, a large, economic, copper deposit in Peru waiting to be mined.
Highlights are as follows.
100% owned feasibility-stage porphyry copper deposit; a single, contiguous, open-pit mineable deposit of:
7.5B pounds Measured and Indicated and can be mined for 22 years once in production.
Once in production Canariaco is in the lowest quartile of production costs for projects waiting to be developed.
Operating costs of US$0.988 per pound of copper
Capable of generating annual production of 262,000,000lbs of copper, 39,000 oz gold & 911,000 oz silver over initial mine life of 22 yrs(@ 95,000 tpd).
Posted by AGORACOM
at 9:30 AM on Friday, December 18th, 2020
Vancouver, BC – TheNewswire – December 18, 2020 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OT C :ATOXF), (the “ Company ” or “ Durango ”) is pleased to announce it has engaged an additional drill company for its exploration program on its wholly owned properties at Windfall Lake, Québec .
East Barry Property
Further to the news release of November 19, 2020, Durango has received drill permits for the East Barry claim block to test high priority targets coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend. Now that weather conditions are favourable for preparing access, a drill has been commissioned to test a geophysical anomaly which also coincides with an artificial intelligence (“ AI ”) target. The Company has hired Faubert & Fils from Val d’Or, Québec, to complete several initial exploration drill holes on its East Barry Property.
Trove Property
To date, 1,700m has been drilled in eight holes on the Trove Property at an average depth of 213m. Drilling is still continuing at the Trove Property with the drilling crew working on hole #9. As noted previously, the objective of the drill campaign is to test IP anomalies derived from previous exploration work.
The main lithologies observed in the drill holes are represented by mafic to intermediate volcanics, metasediments and felsic intrusives crosscut by quartz feldspar porphyry (“ QFP ”) and felsic dikes containing disseminated to semi-massive sulphides. Molybdenite, chalcopyrite and silver indicator alterations were also observed. The lithological contacts are marked by chlorite-epidote-carbonate alterations containing centimetric to decimetric mineralized quartz veins. The labs continue to be delayed and backed up due to extremely high quantities of samples they are receiving from multiple exploration companies and a shortage of personnel.
Durango’s high priority targets remain undrilled due the land condition caused by unseasonably warm weather, which has prevented the freezing required for access to the drill hole locations. Durango has 20 high priority holes planned for drilling on the Trove Property, between 200 and 800 meters deep, when the ground is sufficiently frozen to permit drill access.
Marcy Kiesman, CEO of Durango, stated, “The unseasonably warm weather has been challenging for our inaugural drill campaign on the Trove Property. We have completed initial drilling which will help our exploration team understand the local geology and structure in the area. As the weather in the area has recently become seasonably cold, we expect that our high priority targets will be drilled early in January. We are drilling in one of the best regions in Canada to find gold, we are fully financed and will continue to drill into 2021. We anticipate an exciting year ahead for Durango and our shareholders.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Trove Property has not yet been subject to an NI-43-101 report.
Trove Property, Québec
Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX-OSK), in the Windfall Lake area between Val d’Or and Chibougamau, Québec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is currently undertaking its inaugural drill program.
East Barry Property, Québec
Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization (“ IP ”) survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Québec , Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com .
Posted by AGORACOM
at 9:21 AM on Friday, December 18th, 2020
Vancouver, B.C., Nov. 24, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of flake graphite in Quebec for the new green economy. Lomiko is pleased to announce the Lomiko Technical, Safety and Sustainability Committee (“LTSSC”) has recommended the acceptance of a Proposal by SGS Canada Inc. to conduct a Metallurgical Process Development Program to the Board of Directors. This Program has been accepted and approved by the Lomiko Board.
SGS Metallurgical Process Development Plan
Lomiko plans to ship four composites weighing 30 – 35 kg each consisting of high-grade and low-grade samples from the Refractory and the Graphene Battery mineralized zones will be shipped to SGS in Lakefield. The main scope of the work program includes:
Sample Preparation
Chemical Characterisation
Comminution Testing
Flowsheet Development
Environmental Testing
The samples will be stage-crushed in a series of jaw and cone crushers to minimize the risk of flake degradation and fines generation. Samples will be extracted for comminution testing, chemical characterization, and the generation of two Master composites.
Bond ball mill grindability tests will be carried out to establish grinding energy requirements to assist in the design of the preliminary comminution circuit.
Scoping level flowsheet development testing will be carried out on the two Master composites to establish a conceptual flowsheet. The primary objectives of the flowsheet development program are to maximize the graphite recovery into a flotation concentrate while minimizing flake degradation. The final concentrates will be subjected to size fraction analyses to determine the flake size distribution and total carbon grade profile of the two mineralized zones.
The high-grade and low-grade samples of the two mineralized zones will be subjected to variability flotation testing using the flowsheet and conditions that were developed for the two Master composites. Since a flowsheet must be able to treat all domains encountered in a deposit, these variability tests serve the purpose of assessing the robustness of the proposed flowsheet.
Static geochemical tests will be carried out to assess the acid-generating potential of the La Loutre tailings with and without a sulphide rejection circuit.
Lomiko’s Near Term Goals
Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries.
Lomiko completed a $ 750,000 financing October 23, 2020 and plans to work on its near-term goals:
1) Complete 100% Acquisition of the Property, currently 80% owned by Lomiko Metals.
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm that the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.
A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.
Posted by AGORACOM
at 7:32 AM on Friday, December 18th, 2020
Vancouver, British Columbia–(Newsfile Corp. – December 18, 2020) – Fabled Silver Gold Corp. (TSXV: FCO) (FSE: 7NQ) (“Fabled” or the “Company“) is pleased to announce the listing of its common shares for trading on the Frankfurt Stock Exchange (“FSE”) under the symbol “7NQ” and WKN # “A2QKYJ “.
The FSE is the world’s third largest organized exchange-trading market in terms of turnover and dealings in securities. With over 3,000 international companies listed on the FSE and investors directly connected to the FSE, the FSE represent 35% of the world’s investment capital.
The Company’s shares will now be cross-listed on the TSX Venture Exchange and the Frankfurt Stock Exchange. Fabled expects the FSE listing will help increase trading liquidity and facilitate investment in the Company by institutional and retail investors across Europe. This listing does not impact the total number of common shares outstanding in the Company.
Mr. Peter Hawley, President and CEO of Fabled, commented: “Fabled is committed to building shareholder value and the Frankfurt Stock Exchange listing will enable international investors to participate in the Company’s growth and development. We feel this is a great opportunity to introduce Fabled to a European investing audience at a time when Fabled is actively drilling at the Santa Maria project.”
Option Grants
Fabled also is pleased to announce that pursuant to its stock option plan it has granted an aggregate of 3,850,000 stock options to certain directors, officers and consultants, each exercisable to acquire one common share of Fabled at an exercise price of $0.08 per common share until December 18, 2030. The stock options vest as to 25% on the date of grant, and as to 25% every 6 months until fully vested.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The company’s mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The company has entered into an agreement with Golden Minerals Company to acquire the Santa Maria project, a high-grade silver-gold property situated in the centre of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
For further information please contact:
Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 [email protected]
Posted by AGORACOM
at 11:04 AM on Wednesday, December 16th, 2020
SPONSOR: Harborside is a California-focused, vertically integrated, fully licensed cannabis company with its business consisting of three primary segments, Retail Dispensaries, Cultivation and Processing and Wholesale Sales (including branded product sales). Harborside operates the only drive through dispensary in California
Purchasers of Marijuana Pay About 10 Percent in State Taxes on Retail Buys
The sale of cannabis in California went legal in 2016, and retailers were able to open their doors two years later. Along with the legal retail sale of cannabis came two new taxes — a cultivation tax on all harvests and an excise tax on the purchase of weed and products made with it; the usual sales taxes, both state and local, also applied. They add up, and in the third quarter of 2020, California’s total cannabis tax revenue was $306.7 million. Of that amount, the state gained sales and excise tax on $11 million worth of retail cannabis sold in cities in Santa Barbara County.
For $30 worth of cannabis flower, or buds, the taxes can raise the consumer’s payment to $41.77, the state Tax and Fee Administration (CDTFA) calculated. That includes a 15 percent excise tax and the state’s 8.5 percent sales tax. The CDTFA also added a 10 percent cannabis business tax, which is charged by most California jurisdictions, although Santa Barbara County’s cities’ rate is 5-6 percent. The cultivation tax is paid by weight when the farmer sells to a distributor.
The breakdown of the $306 million in taxes are excise tax of $159.8 million, cultivation tax of $41 million, and sales tax of $105.9 million. For the previous year’s July to September, the cannabis taxes to the state were $170.8 million.
The previous quarter, or April through June, generated $260 million for the state, and the first quarter of January to March generated close to $206 million. Santa Barbara County’s retail cannabis sales saw a similar move upward from the first to second quarter, the Tax and Fee Administration reported. January to March sales were $9 million, and April to May sales were $16.7 million. Many speculate the increase is due to the shutdown.
Santa Barbara County has yet to permit any retail cannabis stores and is in the process of determining where eight will go in the county’s unincorporated areas. If the $11 million in sales would have occurred in county areas, the income would have been about $441,000 with the county’s 4 percent retail cannabis tax, said Jeff Frapwell of the County Executive Office.
Correction: Santa Barbara County plans eight retail cannabis stores, not six; and this story has been updated to reflect local business tax amounts.
Posted by AGORACOM
at 9:31 AM on Wednesday, December 16th, 2020
1.078 gpt AuEq over 345.0 Meters Within 921.0 Meters of 0.821 gpt AuEq (Hole GS-20-83) at the Goldstorm Zone, Treaty Creek, Located in B.C.’s Golden Triangle
Cardston, Alberta–(Newsfile Corp. – December 16, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to present results for the fifth set of diamond drill holes for the Goldstorm Zone at their flagship property, Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from 12 diamond drill holes have recently been received from MSA Labs with final results from another 11 diamond drill holes pending. All drill holes have successfully intersected the Goldstorm System, expanding and defining the mineralization along the northeast and southeast axes, as well as to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis and, as well, the CS-600 and DS-5 zones have been expanded to the northeast and to depth. All 39 drill holes completed at Goldstorm during the 2020 program have encountered significant precious metal mineralization. The 2020 Treaty Creek Diamond Drill Program was completed last week, and field personnel have winterized the camp. The track-components of two track-mounted diamond drills remain on site ready for start-up of the 2021 exploration season.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “We are very pleased with the results obtained from all 39 drill holes completed this year to-date and we anticipate the release of the final 11 holes of the year within a few weeks. This brings the total to 50 drill holes that were completed this year at the Goldstorm Zone. These latest holes continued to expand the limits of the mineralized targets along the northeastern and the southeastern axes, and to depth. For a fifth consecutive press release, we have surpassed our best result from last years’ drill hole program (0.697 AuEq over 1081.5 meters in hole GS-19-47) with drill holes GS-20-83 and GS-20-94 as described in the headline. The final 11 drill holes represent over 9600 meters of drilling and we expect that MSA Labs will complete the analysis of these final samples as soon as possible.”
Treaty Creek Highlights include:
Twelve drill holes presented in this press release total 11,551.1 meters.
The best results were from GS-20-94, a near-surface 354.0 meter intercept (36.0-390 m) averaging 1.215 gpt AuEq and GS-20-82 with a 351m intercept (113.0-464.0 m) averaging 1.051 gpt AuEq. Both holes are located on Section 111+00 NE.
Equally impressive was drill hole GS-20-83 that also had a near-surface intercept over a similar 345.0 meters (73.5-418.5 m) that averaged 1.078 gpt AuEq on Section 112+50 NE.
More Core Drilling did an excellent job completing 50 HQ/NQ2 diamond drill holes totaling 43,972 meters at Goldstorm and 1,636 meters at the Perfect Storm Target with three drill holes.
The following three tables below provide the complete list of composited drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth.
Table l: Results Goldstorm Zone Press Release December 15th 2020
Section
Hole
Zone
From
To
Interval (m)
Au
Ag
Cu
AuEQ
114+00 NE
GS-20-80
300H + CS600
222.50
1349.00
1126.50
0.369
1.66
653
0.486
including 300H
398.00
695.50
297.50
0.488
1.98
135
0.531
and including CS600
831.50
1028.00
196.50
0.572
3.25
2703
1.011
115+50 NE
GS-20-81
300H + CS600 + DS5
558.40
1389.50
831.10
0.422
1.56
940
0.580
including 300H + CS600
558.40
957.50
399.10
0.529
1.96
1712
0.807
with 300H
558.40
636.50
78.10
1.047
1.52
139
1.086
and with CS600
704.00
957.50
253.50
0.481
2.37
2494
0.879
111+00 NE
GS-20-82
300H + CS600
113.00
1041.50
928.50
0.629
2.46
519
0.736
including 300H
113.00
464.00
351.00
0.969
3.56
263
1.051
with 300H
224.00
422.00
198.00
1.283
5.29
408
1.407
112+50 NE
GS-20-83
300H + CS600 + DS5
73.50
994.50
921.00
0.676
3.97
655
0.821
including 300H
73.50
418.50
345.00
1.008
3.48
191
1.078
and including CS600
566.45
727.50
161.05
0.426
3.90
2863
0.898
and including DS5
813.00
994.50
181.50
0.919
7.33
190
1.035
112+50 NE
GS-20-85
300H
66.50
692.00
625.50
0.748
3.80
275
0.834
CS600
752.00
989.00
237.00
0.241
2.23
1734
0.524
DS5
1118.00
1278.50
160.50
0.511
2.11
128
0.555
114+00 NE
GS-20-86
300H
118.50
577.50
459.00
0.712
3.43
263
0.792
CS600
730.50
942.00
211.50
0.469
2.49
2172
0.821
DS5
1014.00
1425.00
411.00
0.595
2.85
145
0.650
including
1192.50
1395.00
202.50
0.889
3.39
130
0.949
111+00 NE
GS-20-89*
300H
87.00
125.00
38.00
1.142
12.85
91
1.309
111+00 NE
GS-20-90
300H + CS600
63.00
847.50
784.50
0.646
2.89
465
0.750
including 300H
72.00
405.00
333.00
0.915
3.60
177
0.984
and including CS600
643.50
768.00
124.50
0.635
4.60
1632
0.932
110+00 NE
GS-20-93*
300H
20.50
237.50
217.00
0.535
3.40
152
0.599
incl.
20.50
131.00
110.50
0.850
5.49
206
0.946
111+00 NE
GS-20-94
300H
36.00
1261.50
1225.50
0.646
2.50
178
0.702
including
36.00
390.00
354.00
1.123
4.14
287
1.215
or including
36.00
820.50
784.50
0.856
3.45
239
0.933
108+00 NE
GS-20-96
300H
6.00
109.50
103.50
0.804
2.27
129
0.850
CS600
279.00
385.50
106.50
0.228
3.77
1235
0.457
110+00 NE
GS-20-97
300H
18.40
584.00
565.60
0.609
1.95
107
0.648
incl.
18.40
381.50
363.10
0.693
2.35
141
0.742
*lost drill hole in mineralization
All assay values are uncut, and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Table ll: Drill Data for Holes in Press Release December 15th, 2020 Table II and Table III
Attached are Sections 108+00 NE, 110+00 NE, 111+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing holes traces with histogram plots for gold and copper results and a Plan Map showing the drill hole and section locations.
Walter Storm, President and CEO, stated: “We are very pleased to announce the safe successful completion of our 2020 diamond drill hole program. We completed over four times the amount of drilling from the previous year’s program, greatly advancing Tudor’s flagship Treaty Creek Property. We completed almost 44,000 meters of drilling at the Goldstorm System and over 1,600 meters of drilling at the Perfect Storm target. Once we receive the final results from the last eleven drill holes, we will then pass the data to our resource engineers and geoscientists for an initial resource estimate. Continued drilling is required for 2021 to locate the limits or edges of the mineralized system. Due to the size and robust nature of the mineralization, the Goldstorm System remains open on all fronts and to depth. We are proud of what we have achieved in these last two years of exploration and in-particular, the great effort to withstand the harsh winter elements during November and December at Treaty Creek to bring the 2020 drill campaign to a safe close. Our commitment is to continue to advance the project as quickly as possible. We have left the track-drill carriage components for two track-mounted drill rigs on-site so our team can get an early start to the 2021 drill season. We look forward to receiving the final results of the eleven drill holes from MSA Labs within a couple of weeks to complete the 2020 exploration season on schedule.”
Tudor Gold Corp and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols.
Darren Blaney, CEO of American Creek, commented: “We are extremely impressed with the drill program our JV partner Tudor Gold has completed this year and with the significant potential deposit that it has revealed. The Goldstorm zone already appears to be world-scale in size and yet is still open from the northeast to the southeast and remarkably, also at depth. The Magnetotelluric survey done in 2016, which shows potential continuation of gold mineralization well beyond the extent of this year’s drilling of Goldstorm, has proven to be very accurate. That same survey data also shows tremendous potential at the Perfect Storm zone which, due to permitting restraints, was only able to have the outer halo drill tested this year, and yet the drilling still encountered gold mineralization.
“Recognition must be given to both Tudor Gold and More Core for initiating the drill program in early May and carrying through to December. This is no small feat in the Golden Triangle region. While bad weather and Covid-19 limited many projects within the area this season, Tudor and More Core delivered an incredible 45 km of drilling with every hole encountering significant gold mineralization.
“We look forward to the remaining holes, the metallurgical work, and ultimately the maiden resource calculation of the Goldstorm on Treaty Creek sometime in the new year.”
QA/QC
Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the Company. International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the company.
Qualified Person
The Qualified Person for Tudor’s news release for the purposes of National Instrument 43-101 is Tudor’s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for their disclosure contained in their news release.
The Qualified Person for this news release is James A. McCrea, P. Geo., for the purposes of National Instrument 43-101. While American Creek has not independently confirmed Tudor’s information, Mr. McCrea has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
Treaty Creek JV Partnership
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Treaty Creek Background
The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits however, with far better logistics.
For a better understanding of the mineralized zones at the Goldstorm, please view this video (which shows the original 20,000m planned drill program opposed to the 40,000m+ drill program that has taken place).
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek JV with Tudor Gold/Walter Storm, the D-1 McBride, and the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
See additional images of drill locations in this press release at www.americancreek.com.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. 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.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Corporation’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Corporation’s profile on www.sedar.com. The Corporation does not assume any obligation to update any forward-looking statements.
Posted by AGORACOM
at 9:25 AM on Tuesday, December 15th, 2020
Toronto, Ontario–(Newsfile Corp. – December 15, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland“) is pleased to announce that is has commenced growing its second crop of approximately 1,000,000 (1 Million) grams of magic truffles consisting of three different strains, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis.
“Red Light Holland is ecstatic to announce that we have started to grow our second batch of magic truffles, expected to be 10X the original batch’s size totalling an expected 1,000,000 (1 Million) grams of Magic Truffles. We are proud as a company, in the Psychedelic sector to actually produce product now, as opposed to making mere projections about the future. We believe in providing responsible adult access now, through education and information and we are happy to be moving so quickly and efficiently,” said Todd Shapiro, Chief Executive Officer and Director of Red Light Holland. “We are almost done harvesting our expected first batch, which has been pre-sold, and we are again, excited for this future growth.”
“This is another great day for the Company. We have perfected the harvest process right through to packaging and we are excited to be growing this very large amount of Truffles,” added Hans Derix, President of Red Light Holland (who resides in Horst). “Red Light Holland’s growth operation, including sourcing of truffle’s genetics and working with substrates in a proven and perfect growing environment, including working with the proper equipment to complete the growth process from harvest right through to packaging and distribution is something we are truly proud of.”
Red Light Holland’s growth operation, which is approximately 3,000 square feet custom built, indoor growing, production and distribution facility is in Horst, The Netherlands. The expected batch of 1,000,000 grams of Magic truffles, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis is expected to be available in the Netherlands in mid 2021.
About Red Light Holland Corp.
Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
Toronto, Ontario–(Newsfile Corp. – December 15, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland“) is pleased to announce that is has commenced growing its second crop of approximately 1,000,000 (1 Million) grams of magic truffles consisting of three different strains, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis.
“Red Light Holland is ecstatic to announce that we have started to grow our second batch of magic truffles, expected to be 10X the original batch’s size totalling an expected 1,000,000 (1 Million) grams of Magic Truffles. We are proud as a company, in the Psychedelic sector to actually produce product now, as opposed to making mere projections about the future. We believe in providing responsible adult access now, through education and information and we are happy to be moving so quickly and efficiently,” said Todd Shapiro, Chief Executive Officer and Director of Red Light Holland. “We are almost done harvesting our expected first batch, which has been pre-sold, and we are again, excited for this future growth.”
“This is another great day for the Company. We have perfected the harvest process right through to packaging and we are excited to be growing this very large amount of Truffles,” added Hans Derix, President of Red Light Holland (who resides in Horst). “Red Light Holland’s growth operation, including sourcing of truffle’s genetics and working with substrates in a proven and perfect growing environment, including working with the proper equipment to complete the growth process from harvest right through to packaging and distribution is something we are truly proud of.”
Red Light Holland’s growth operation, which is approximately 3,000 square feet custom built, indoor growing, production and distribution facility is in Horst, The Netherlands. The expected batch of 1,000,000 grams of Magic truffles, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis is expected to be available in the Netherlands in mid 2021.
About Red Light Holland Corp.
Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
