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Affinity Metals $AFF.ca Commences Field Exploration and Drill Program on Regal Gold and Silver Project $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM at 9:08 AM on Friday, August 14th, 2020
  • Exploration program will focus on several key areas of the property and will consist of further geological mapping and associated geochemical sampling
  • 2,000 meters of diamond drilling.

Vancouver, British Columbia–(Newsfile Corp. – August 14, 2020) – Affinity Metals Corp. (TSXV:AFF)”) (“Affinity”) (“the Corporation”) is pleased to announce that it has commenced the 2020 field exploration program at its flagship Regal Project encompassing 8,800 hectares of the northern end of the prolific Kootenay Arc approximately 25 km northeast of Revelstoke, British Columbia, Canada.

The exploration program will focus on several key areas of the property and will consist of further geological mapping and associated geochemical sampling as well as up to 2,000 meters of diamond drilling. The initial program may be expanded depending on ongoing prospecting and sampling being conducted in previously unexplored areas of the property.

Allco – Silver Discovery

The drilling in the Allco area is designed to test part of a large, several kilometer long northwest-southeast fault/contact that separates limestones from argillites. Previous 2019 prospecting and surface sampling in the vicinity of several past producing historic adits resulted in the discovery of several high grade silver and gold surface outcrops. Drilling in this same area last fall resulted in a significant new silver discovery being made with drill hole #10 intersecting 11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t silver. This intersection also carried high grade zinc and lead with some copper. Mineralized intersections within the drill core consisted mostly of argentiferous galena, sphalerite and tetrahedrite hosted within quartz veins and breccias.

The Allco portion of the 2020 exploration program will focus on expanding the hole #10 silver discovery through step out drill holes and detailed surface mapping and will also attempt to test the continuity of the mineralized structure further along the fault/contact.

Z-TEM – SG3 Acoustic EM Geophysical Anomaly

Drilling is planned to test a very large geophysical anomaly defined by previously flown Z-TEM (Geotech Ltd.) as well as overlapping SG3 Acoustic EM (Earth Sciences Services Corp.). The anomaly is located between the Allco and Regal areas of the property in an area in which several major fault structures converge.

This geophysical anomaly potentially represents a significant “engine” for the regional geological system exhibiting high grade polymetallic veins and enriched silver-lead-zinc soil anomalies distributed over a several kilometer trend through the past producing Allco and Regal areas of the property.

Robert Edwards, CEO of Affinity stated: “We are excited to get back on the property to build on the successes of the past exploration with our 2019 silver discovery and also to now drill test this substantial geophysical target. The timing of this Regal program really couldn’t be better coinciding with the gold and silver markets showing incredible bullishness.”

Qualified Person

The Qualified Person for the Regal Project for the purposes of National Instrument 43-101 is Alicia Carpenter, P.Geo. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity is following a hybrid approach of combining the advancement of strategic assets along with following a Project Generator model.

Affinity presently holds two properties in British Columbia as well as five properties located near Timmins, Ontario. Affinity is presently advancing both the Regal and West Timmins Gold projects.

The Regal is located near Revelstoke, BC in the northern end of the prolific Kootenay Arch and hosts several major geophysical anomalies as well as three historic small-scale past producing mines. Affinity conducted the first known drill program in the Allco area of the property in 2019 which resulted in a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and assays from that first hole are expected to be received by the Corporation within the next two weeks.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected]

Information relating to the Corporation is available at: www.affinity-metals.com

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Tesla Considers All-In-One Home, Battery and Electric Car Energy Package SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 12:01 PM on Thursday, August 13th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

Electric car and solar energy company Tesla is considering providing an all-in-one home and car energy package, that would include controlled EV charging times if it goes ahead in Germany.

As more cars become powered by electric drive-trains, the lines between the energy and automotive industry will become increasingly blurred.

Already, energy companies, such as AGL, Origin  and Powershop in Australia, are looking to offer cheaper tariffs for EV drivers and consider ways to encourage drivers to charge their EVs to help soak up excess electricity demand.

Now, we are beginning to see similar moves from the other side of the market: auto makers looking to slide sideways into the energy market (not to mention oil companies such as Shell doing something similar).

In a survey sent to potential German customers, Tesla sought to gauge interest on whether electric car drivers would like Tesla to schedule car charging times as part of the package to take advantage of cheaper tariffs.

The survey also asked respondents if they would be interested in purchasing a Tesla Wall Connector EV charge unit, a Tesla Powerwall, Tesla solar panels, as well as what would persuade them to switch to another energy company.

According to PV-Magazine which first reported the survey, it hints at a possible “energy package” that would combine all of these.

The company also asks: “Suppose your car is charged every morning to meet your daily needs. Under what conditions would you allow Tesla to control the charging time of your car so that it is charged for your daily needs and to offer you a cheaper electricity tariff?”

Options that survey respondents can select include, “If there is a clear financial advantage for me,” and, “If there are other advantages such as free or cheaper charging at home or on public charging station,” and if, “it helps to increase the share of renewable energies in the energy mix.”

To determine to what degree EV drivers would be prepared to hand over control of charging times to Tesla, the survey also asks what type of payment model they would prefer, including “a day-ahead hourly-variable price per kilowatt-hour.”

The German survey is not the first inkling that Tesla is considering entering the energy market.

In May, RenewEconomy reported that the Californian EV and battery storage giant had applied to the UK’s energy regulator for a licence to sell energy.

It’s not clear if Tesla is thinking about combining its energy package with a “big battery” such as the one operated by French renewable energy developer Neoen in Hornsdale, South Australia that doubled savings for customers within its first two years’ of operation, as well as shoring up grid security.

While Tesla’s expansion into energy has always been part of its raison d’être, having acquired SolarCity in 2016 as part of a “master plan”, the EV maker is not the only car company that is eyeing off the energy market.

In 2019, German auto giant Volkswagen also announced it would expand its offerings to include renewable household energy systems and electric car charging, under new subsidiary, Elli Group GmbH.

Tesla did not respond to queries from the The Driven if it would consider a similar package in Australia before the time of publishing.

SOURCE: https://thedriven.io/2020/08/11/tesla-considers-all-in-one-home-battery-and-electric-car-energy-package/

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Electric Vehicles Are Cheaper To Run- This Is Why SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 10:31 AM on Tuesday, August 11th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

One of the most overlooked and undersold benefits of converting to electric vehicles is the impact that they have on their owners’ wallets.

A myth has emerged about their running costs that have seen people overlook the long-term financial benefits that EVs afford.

This is a welcome addition to their environmental credentials amidst rising fuel prices and increasing levies against internal combustion engine (ICE) vehicles in city centres.

Today’s article seeks to bust this myth and show you why switching to EV could save you money, and save the planet.

EV’s: Pricing up the difference

As of the writing of this article, we concede that the average EV costs more than the Internal Combustion Engine (ICE).

Although we are witnessing a rapid change in this area.

The latest generation of electric vehicles are coming to market at the same cost as their petrol or diesel counterparts.

Furthermore, we can compare the two best sellers in each category, the ICE Ford Fiesta, and the EV Nissan Leaf.

We see that the €4,000 ($4,490/£3,400) difference in purchase price can be overcome within just three years for the average driver.

Talking tax

Vehicle tax rates are calculated based on the car’s carbon dioxide (CO2) emissions per kilometre.

Tax breaks for zero-emissions vehicles, alongside governmental incentives such as grants, have been a key factor in the growing number of EVs on the road.

A recent study by the International Council for Clean Transport found that EV owners could save as much as 27% each year compared to driving diesel equivalents.

Their analysis, which compared the same make and model of vehicles across EV, petrol, and diesel found that drivers in Norway would save 27% in running costs by going electric.

The average driver in the study could save between 11-15%.

The UK offered the lowest savings in running costs at 5% due to the recent cuts in grants for EVs.

The average ICE in Europe emits 112g/km of CO2, equating to €153 (£140) per year in tax.

In addition, the average EV offers around €70 ($78/£60) per year in servicing savings.

Predominantly there are fewer moving parts in electric vehicles so they create less friction and therefore less wear.

The lower average running temperatures also help to reduce wear and offer greater efficiency.

Charging the change

Finally, the most obvious saving comes from the fuel source that is used to power each vehicle.

Based on current electricity prices, a car costs 15c per kWh to charge ($0.17c/£0.13), meaning that a mid-range EV driving around 9,000 miles per year would cost €274 or 2.7c per mile in running costs.

This is vastly cheaper than the petrol equivalent of the same vehicle, which would cost around €965 ($1,084/£825) per year to refuel, costing 9.1c per mile.

In fact, according to the UK Government’s Ultra Low Campaign, the average ICE costs 12c per mile to run.

The difference is even starker when you consider that the most efficient ICEs covert just 17-21% of their fuel into power, while EVs deliver around 59-62%.

Furthermore, when teamed with localised renewable energy sources, electric vehicles can save you even more money.

And of course, help you push towards a neutral carbon footprint for energy consumption.

Low wear, fewer tears

An oft-overlooked benefit of electric vehicles over their ICE counterparts is that their motors are highly simplified.

They have fewer moving parts and they do not require regular oil changes to ensure that they run efficiently.

The upside of which is that wear is greatly reduced, as are maintenance costs – meaning fewer trips to the mechanic and a potential saving of around €70 (£60) per year.

In addition, with great gains being made in battery and motor efficiency, technical issues can be overcome through wireless software updates sent directly to your electric car.

A great example is Mercedes’ innovation of acclimatising batteries to their ideal temperature in advance of you starting go charge.

This is not a technical issue per se, but one that elongates the life and increases the efficiency of the batteries.

You can find out more about this in Robert Llewellyn’s test drive of the Mercedes-Benz EQC.

Preparing for the future

While many are choosing not to consider the future of their ICE vehicle, it is clear that their days are numbered, and that they will not continue to hold their value in the years ahead.

Paris has led a number of global cities in legislating a ban on diesel vehicles from 2024.

This has taken the next step of banning the sale of all ICEs from 2030 as the French capital aims to become carbon-neutral by 2050.

We expect this trend to increase in the coming years as lawmakers push to meet climate targets.

They also want to cut the number of deaths associated with carbon emissions from traffic

This is estimated to account for nearly 500,000 early deaths per year in the EU alone.

Can you afford to miss out on the benefits of electric vehicles? In the face of an accelerating climate crisis, the world can’t.

SOURCE: https://irishtechnews.ie/electric-vehicles-are-cheaper-to-run-this-is-why/

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Candente Copper $DNT.ca Adopts Shareholder Rights Plan $CN.ca $FCX $BHP $TECK.ca

Posted by AGORACOM at 8:07 AM on Tuesday, August 11th, 2020

VANCOUVER, British Columbia, Aug. 11, 2020 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper” or the “Company”) advises that Mr. Luis Miguel Inchaustegui Zevallos has resigned as Advisor and Director of our Peruvian subsidiary, Cañariaco Copper Perú S.A. (”Cañariaco”) and has been named Minister of Energy and Mines of Peru. 

We thank Mr. Inchaustegui for all of his excellent advice and wish him all the best in his new endeavours.

On another matter the Company also advises that the Board of Directors has adopted a new shareholder rights plan (“Rights Plan”), which is designed to encourage the fair treatment of the Company’s Shareholders in connection with any potential take‑over bid for the Company. The Rights Plan is not intended to deter or prevent take‑over bids and is similar to plans adopted recently by several other Canadian public companies and approved by their Shareholders. 

Background and Purpose of the Rights Plan

The Rights Plan will:

  1. encourage the fair treatment of shareholders of the Company in connection with any Offer to Acquire the outstanding Voting Shares;
  2. ensure, to the extent possible, that the shareholders of the Company and the Board of Directors have adequate time to consider and evaluate any unsolicited Offer to Acquire the outstanding Voting Shares;
  3. ensure, to the extent possible, that the Board of Directors has adequate time to identify, develop and negotiate value-enhancing alternatives, as appropriate, to any unsolicited Offer to Acquire the outstanding Voting Shares; and
  4. generally assist the Board of Directors to enhance shareholder value.

Take‑over bid contests for corporate control provide a singular opportunity for Shareholders to obtain a one‑time gain. After the acquisition of effective control, the opportunity for this one‑time gain normally does not re‑occur. As with most public companies, it is possible for a person to secure control of the Company through the ownership of much less than 50% of the Company’s shares. Without a shareholder rights plan, a bidder could acquire effective control of the Company over a relatively short period of time, through open market and private purchases and using various techniques permitted under Canadian securities legislation, all without making a bid available to all Shareholders. This acquisition of control would probably be an effective deterrent to other potential offerors. The person acquiring control might also be able to consolidate and increase its control, over a period of time, without the price for control ever being tested through an open market auction. Shareholder rights plans are designed to prevent this occurrence by forcing all acquisitions of control into a public offer mode.

A public offer will not necessarily achieve all of the objectives of ensuring the maximum value to Shareholders. The Rights Plan is intended to provide the Board with sufficient time to pursue alternatives and to provide Shareholders with sufficient time to properly assess any take‑over bid.

The Company is not proposing the Rights Plan in response to or in anticipation of any acquisition or take‑over bid. The Rights Plan is not intended to prevent a take‑over of the Company, to secure continuance of current management or the directors in office, or to deter fair offers for the Company’s shares. The Rights Plan does not inhibit or prevent any Shareholder from using the proxy mechanism set out in the BCBCA to promote a change in the management or direction of the Company. The Rights Plan may, however, increase the price to be paid by a potential offeror to obtain control of the Company and may discourage certain transactions.

The Rights Plan does not affect in any way the Company’s financial condition. The initial issuance of the Rights will not dilute the Company’s shares and will not affect reported earnings or cash flow per share until the Rights separate from the underlying common shares and become exercisable. The adoption of the Rights Plan will not lessen or affect the duty of the Company’s directors to act honestly, in good faith, and in the Company’s best interests. The Rights Plan is designed to provide the directors with the means to negotiate with an offeror and with sufficient time to seek out and identify alternative transactions on behalf of the Shareholders.

The Rights Plan is subject to Toronto Stock Exchange and Shareholder approval at the upcoming Annual General Meeting on September 17th, 2020.  If the Shareholders do not approve the Rights Plan, it will terminate or not become effective, as applicable. The Rights Plan will also expire if the Rights are redeemed by the Company. A copy of the Rights Plan Agreement can be requested for review to [email protected].Once the Rights Plan has been approved, it will be filed on SEDAR at www.sedar.com and posted on the Company’s website at www.candentecopper.com.

About Candente Copper
Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

At Cañariaco Norte, 7.5 billion pounds of copper have been delineated in a Measured and Indicated* resource of 752.4 million tonnes grading 0.49% copper equivalent** and an Inferred Resource of 157.7 million tonnes at 0.44% copper equivalent has also been delineated.

Fifteen drill holes have confirmed that Cañariaco Sur hosts a porphyry-copper deposit, however the average grade and full dimensions of the deposit are as yet unknown. Quebrada Verde also hosts a geochemical and geophysical target where porphyry style copper mineralization is exposed in creek beds. 

Candente Copper also holds other porphyry copper-gold exploration projects in Peru. 

Joanne C. Freeze, P.Geo., CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release.

*The ‘Measured and Indicated Resource listed above consists of Measured Resources of 338.1Mt at 0.48% Cu , 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46% Cu Eq.).  All resources quoted in this release are based on a 0.30% copper cut-off grade and 229 drill holes completed to the end of 2008.

**Copper equivalent grade including gold and silver, metal recoveries (copper 90%, gold 55%; silver 50%) and smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%). The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver US$17.25/oz.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

“Joanne C. Freeze” P.Geo.
President, CEO and Director
Tel +1 604-689-1957
[email protected]
www.candentecopper.com

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The Real Promise of LSD, MDMA and Mushrooms for Medical Science SPONSOR: MOTA Ventures $MOTA.ca $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $SHRM.ca $RVV.ca

Posted by AGORACOM at 11:47 AM on Monday, August 10th, 2020

SPONSOR: Mota Ventures Corp is an established natural health products company focused in the CBD and psychedelic medicine sectors. Through their powerful eCommerce business, Mota is a leading direct-to-consumer provider of a wide range of natural health products throughout the United States and Europe. Click Here for More Info

  • Psychedelic science is making a comeback.

Scientific publications, therapeutic breakthroughs and cultural endorsements suggest that the historical reputation of psychedelics — such as lysergic acid diethylamide (LSD), mescaline (from the peyote cactus) and psilocybin (mushrooms) — as dangerous or inherently risky have unfairly overshadowed a more optimistic interpretation. Recent publications, like Michael Pollan’s How to Change your Mind, showcase the creative and potentially therapeutic benefits that psychedelics have to offer — for mental health challenges like depression and addiction, in palliative care settings and for personal development. 

Erika Dyck

Major scientific journals have published articles showing evidence-based reasons for supporting research in psychedelic studies. These include evidence that pscilocybin significantly reduces anxiety in patients with life-threatening illnesses like cancer, that MDMA (3,4-methylenedioxy-methamphetaminecan; also known as ecstasy) improves outcomes for people suffering from PTSD and that psychedelics can produce sustained feelings of openness that are both therapeutic and personally enriching. 

Other researchers are investigating the traditional uses of plant medicines, such as ayahuasca, and exploring the neurological and psychotherapeutic benefits of combining Indigenous knowledge with modern medicine.

I am a medical historian, exploring why we now think that psychedelics may have a valuable role to play in human psychology, and why over 50 years ago, during the heyday of psychedelic research, we rejected that hypothesis. What has changed? What did we miss before? Is this merely a flashback?

Healing trauma, anxiety, depression

In 1957, the word psychedelic officially entered the English lexicon, introduced by British-trained and Canadian-based psychiatrist Humphry Osmond. 

Osmond studied mescaline from the peyote cactus, synthesized by German scientists in the 1930s, and LSD, a laboratory-produced substance created by Albert Hofmann at Sandoz in Switzerland. During the 1950s and into the 1960s, more than 1,000 scientific articles appeared as researchers around the world interrogated the potential of these psychedelics for healing addictions and trauma.

But, by the end of the 1960s, most legitimate psychedelic research ground to a halt. Some of the research had been deemed unethical, namely mind-control experiments conducted under the auspices of the CIA. Other researchers had been discredited for either unethical or self-aggrandizing use of psychedelics, or both.

Timothy Leary was perhaps the most notorious character in that regard. Having been dismissed from Harvard University, he launched a recreational career as a self-appointed apostle of psychedelic living. 
Drug regulators struggled to balance a desire for scientific research with a growing appetite for recreational use, and some argued abuse, of psychedelics.

In the popular media, these drugs came to symbolize hedonism and violence. In the United States, the government sponsored films aimed at scaring viewers about the long-term and even deadly consequences of taking LSD. Scientists were hard-pressed to maintain their credibility as popular attitudes began to shift.

Now that interpretation is beginning to change.

https://news.usask.ca/articles/research/2018/the-real-promise-of-lsd,-mdma-and-mushrooms-for-medical-science.php

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Gold-Silver Ratio Reaches Its Highest Level In 87 Years From Its Lowest Level In 41 Years SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM at 9:56 AM on Monday, August 10th, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

  • The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value

As technical indicators go, the ratio of gold price to silver prices, commonly referred to as the gold-silver ratio, is considered by precious metal traders to be one of the most reliable indicators for forward price movements in silver.

The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value.

Previously the highest the ratio has ever been was 132 to 1 in 1933, when the US government invoked Executive Order 6102 and forced US citizens to sell all but a small portion of their gold and silver holdings to the Federal Reserve.

In more recently the highest the ratio has reached id 97.3 to 1 in February 1991 (Figure 1), at the height of a global economic recession. After this high in the ratio, the silver price rose in a continued uptrend from an average price of US$3.74/oz in February 1991 to US$6.84/oz in February 1998, an increase of 83%.

Figure 1: Gold-Silver Ratio since 1990

Source: Mining and Metals Research Corporation Ltd.

In June 2003, after a sustained five-year period of lower gold-silver ratios, the gold-silver ratio reached a high of 78.7:1, over the next five years the silver price rose from US$4.53/oz to a high of US$19.32/oz in March 2008, (Figure 1) an increase of 326%.

A spike in the gold-silver ratio in December 2008 to 79.3:1, associated with another global recession, was a leading indicator of a 315% increase in the silver price from US$10.29/oz in December 2008 to US$42.7 in April 2011 (Figure 1).

The gold-silver ratio has now risen from a low of 34.7:1 in April 2011, its lowest level since 1979, to its highest level in 87 years of 111.7:1 in April 2020, before reducing to 90.6:1 in July on the back of a 35% rise in the silver price over just three months (Figure 1).

Could we now be facing a sustained uptrend in the silver price?

Historical precedent appears to suggests so, only once in history was silver more undervalued compared to gold than it was in April 2020 and that was in 1933 when the US Government forced its citizens to sell their precious metal holdings.

Source: https://www.proactiveinvestors.co.uk/companies/news/926237/gold-silver-ratio-reaches-its-highest-level-in-87-years-from-its-lowest-level-in-41-years-926237.html

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Labrador Gold $LAB.ca Announces Start of Exploration at Kingsway $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca

Posted by AGORACOM at 9:24 AM on Thursday, August 6th, 2020

TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB | OTCQB: NKOSF) (“LabGold” or the “Company”) is pleased to announce that its field crew has arrived in Gander and started the 2020 exploration program on the Kingsway Property.

LabGold’s work program will initially focus on following up known gold anomalies identified from previous work on the three licenses. Soil sampling has begun on a high priority target that covers a 3km long anomaly of gold in heavy mineral concentrates with values from <5ppb to 89ppm (89g/t Au) that runs along the interpreted trace of the Appleton fault zone. Geological mapping and prospecting of anomalous areas and known showings is also underway.

Up to 10,000 soil samples and 250 km of ground magnetics/VLF-EM are planned for the property and are expected to take about six weeks to complete. We intend to hit the priority areas with known gold anomalies first so that the results of these surveys, together with the results of the geological mapping and prospecting can be used to plan a first phase fall drilling program.

Concurrently with the field work, we are working on a structural compilation of the district. This compilation will allow us to more efficiently target areas for detailed mapping and prospecting based on a better understanding of the role of primary and secondary structures on the localization of gold mineralization.

“It feels good to get boots on the ground at Kingsway which we believe to be the most strategically located property in the Gander gold district relative to New Found Gold’s recent discovery,” said Roger Moss, President and CEO. “Our focus on soil geochemistry and mag/VLF to define structures and potential alteration zones is consistent with what has worked well in the past and we expect to generate numerous targets along the major structures for drill testing.”

“It’s good to see the Kingsway Project moving along. Our limited 2019 deeper soil program over anomalous gold in till and vegetation samples proved successful in outlining new gold targets that will be followed up during this season’s work,” said Shawn Ryan, Technical Advisor to LabGold. “Based on last year’s success, the proposed larger 10,000 sample soil program covering existing gold in till and vegetation samples should produce some nice new gold anomalies leading to new drill targets.”

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 91,584,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter:@LabGoldCorp

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Agoracom Welcomes Candente Copper with Canariaco Deposit, Included in Goldman Sachs 84 Top Copper Projects Worldwide $DNT.ca $CN.ca $FCX $BHP $TECK.ca

Posted by AGORACOM at 9:18 AM on Thursday, August 6th, 2020

CANDENTE HIGHLIGHTS:

  • Canariaco Included in Goldman Sachs 84 Top Copper Projects Worldwide
    • Cañariaco in Lowest Quartile of Copper Industry Production Costs
    • Definitive Feasibility 50% Complete
    • Higher grade throughput of 0.54% CuEqMill Feed Grade during first 3 years
    • Rising Copper and Gold Prices Impacting 2011 PFS
  • Fortescue Metals Group Ltd. owns 19.92% interest
    • Joint technical committee created to identify optimum strategy for Cañariaco development

Project Highlights:

Cañariaco Norte is a 100% owned feasibility-stage porphyry copper deposit

  • A single, contiguous, open-pit mineable deposit of 7.5B pounds Measured and Indicated,
  • 1.4B pounds Inferred Porphyry Copper Deposit
  • 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)

Pre-Feasibility Study

  • NPV of US $922M and IRR of 17.3% (using US$2.25 copper and an 8% discount rate)
  • Payback of preproduction capital in 4.4 years (after-tax)
  • Copper Production of 262,000,000 pounds per year
  • Initial Mine life of 22 years+
  • Throughput rate of 95,000 tonnes per day
  • Operating costs of US$0.988 per pound of copper (including onsite/offsite costs, taxes and byproduct credits)
  • Minimal infrastructure required, excellent locations for all site facilities, close to existing highway (42km away) and power grid (57km away) & abundant water at site
  • Very strong community & regional support

The Cañariaco Norte Copper Project

  • Canariaco in Top 80 Deposits slated for Development according to Goldman Sachs
    • 42 in South America –Cañariaco Included
    • Cañariaco in Lowest Quartile of Copper Industry Production Costs
  • Large scale porphyry copper–gold-silver deposit in Northern Peru
  • 7.5B pounds Measured and Indicated, plus 1.4B pounds Inferred Porphyry Copper Deposit
  • Deposit and Scope of Project Development well defined by Pre-Feasibility Studies in 2011
  • 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)
  • Operating costs of US$0.988 per pound of copper (including onsite/offsite costs, taxes and byproduct credits
  • Strong Government support

Resource and Mine Plan

123 Million tonnes @ 0.58% Cu Eq (0.4% Cu cutoff) Measured

752 Million tonnes @ 0.52% Cu Eq (0.3% Cu cutoff) M & Indicated

1.0 Billion tonnes @ 0.46% Cu Eq(0.2% Cu cutoff) M & I

Current Mine Plan 728.2 Million tonnes @ 0.46% CuEqMill Feed Grade

  • Higher grade throughput of 0.54% CuEqMill Feed Grade during first 3 years

Canariaco Price Sensitivities Chart

  • Rising Copper and Silver Prices dramatically Project Economics
  • Based on 2011 Pre-Feasibility Progress Report

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Lomiko Investment $LMR.ca Promethieus Ventures N.V. To List On The Dutch Caribbean Stock Exchange With Ticker DCSX:TECH $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 8:56 AM on Thursday, August 6th, 2020

 Vancouver, B.C., Aug. 06, 2020 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) Lomiko Metals Inc. announces that it’s participation of 20 % in Promethieus Technologies Inc. (“Promethieus Tech”) will be exchanged for 20 % equity in a new to be formed entity Promethieus Ventures N.V. (“Promethieus N.V.”).which intends to list on the Dutch Caribbean Securities Exchange (DCSX) N.V

The (DCSX) is a self-regulatory international exchange focused on the listing and trading of domestic and international securities. It is a securities exchange platform where companies can raise funding through a large network of global investors. The DCSX is focused on servicing start-ups as well as small and medium-sized enterprises.  The DCSX is located in Curacao, a Lesser Antilles island country in the southern Dutch Caribbean region.

Promethieus N.V. will seek to raise up to 10 million USD to advance the projects currently underway. The listing agent for Promethieus N.V. is Amergeris Global Listing and Exchange Services.  The company has requested and received the ticker symbol ‘TECH’ for Promethieus N.V.

Lomiko confirms that on July 31, 2019  it had entered into an agreement to sell it’s 100% interest in Lomiko Technologies Inc. to Promethieus Technologies Inc. (Canada) for $ 1,236,625 in return for a 20 % equity participation in Promethieus Tech. Lomiko subsequently provided an outline of reasons for the sale on November 25, 2019. Further, Lomiko  will be reimbursed $ 193,614.32 in expenses paid by Lomiko on behalf of Promethieus Tech.  This transaction was approved by shareholders of both Lomiko Metals Inc. and Promethieus Tech  Lomiko Technologies Inc. is the owner of 18.15% of SHD Smart Home Devices Ltd. and 40% of Graphene Energy Storage Devices.  Lomiko was a founding shareholder of Promethieus Tech and currently owns 20% of that company.  The transaction was reviewed by the applicable regulatory bodies.  The transaction was considered a non-arms length transaction as Mr. A. Paul Gill is a Director and a significant shareholder of all the entities involved.

As announced December 3, 2018, Promethieus Technologies Inc. changed it’s mandate to focus on Future Tech investments and has reviewed investment opportunities in electric vehicle infrastructure, clean energy, the Internet of Things (IoT) as well as clean-tech and green tech materials related to these technologies. 

For more information on Lomiko Metals, SHD Smart Home Devices or Promethieus, review the website at www.lomiko.com, www.shddevices.com and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].

On Behalf of the Board

“Jacqueline Michael”

Director, Chief Financial 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), or the DCSX  accept responsibility for the adequacy or accuracy of this release.

A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
[email protected]

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Industry Bulletin: Goodbye To Diesel and Gasoline Cars: Volkswagen Factory Produces Last Ever Combustion Engine Car SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 3:30 PM on Wednesday, August 5th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • Volkswagen factory in Zwickau only manufactures electric cars

The Volkswagen factory in Zwickau in Lower Saxony, Germany has seen its latest combustion car come out of its assembly line: the seventh-generation Golf R Estate. Vehicles have been built here since 1904, and iconic models such as the Trabant have emerged from its assembly line.

Today this plant will be dedicated exclusively to the assembly of electric cars, such as the Volkswagen ID.3 from November 2019, and in the future, it will also house the models of its sister brands SEAT and Audi.

the end of an era

Volkswagen

The German brand has said goodbye to combustion engines in Zwickau with this variant of the Golf, equipped with a 2.0-liter gasoline engine and finished in Oryx White Pearl Effect, which will go to a German customer.

With an investment of 1,200 million euros, the German manufacturer has been transforming Zwickau to make it the hub of its electrification plan. Once the final expansion phase is reached from 2021, it will produce six MEB platform models from three of the group’s brands, thanks to the 8,000 employees who work there in line with more than 1,600 robots that carry out assembly tasks.

The transformation works have already started in Hall 6, where Golf Estate has been produced until now. After a conversion phase that will last for several weeks during the summer, the first electric vehicles will be produced there at the end of the year, along with the ID.4, and an SUV from sister brand Audi is also planned.

The ID.3 electric motor, the 16-year-old dual-clutch gearboxes, and parts of the MEB modular platform leave the Kassel plant in the center of the Federal Republic of Germany.

Electric motors are manufactured here for all MEB vehicles in Europe and North America, and in parallel for the Chinese market. Parts of the battery box, shock absorbers, structural components, and the central tunnel are also developed and delivered to the Zwickau plant for assembly and thus complete the vehicle body.

For its part, the battery system for the ID.3 is manufactured in Brunswick alongside that of the Scania and MAN trucks.

As reported by the German brand, over the past 30 years, 6,049,207 Volkswagen cars of the Polo, Golf, Golf Estate, Passat Saloon, and Passat Variant models have been produced in Zwickau.

The Volkswagen ID.4 is the compact and 100% electric SUV that promises up to 500 km of autonomy

In 2017 Volkswagen presented its ID Crozz, a prototype electric SUV, in Shanghai. That concept has evolved and has now been integrated into this new ambitious transformation of the brand, which has reused the concept to present the Volkswagen ID.4.

It is an all-electric SUV in a contained format that, according to the firm, “will be produced and sold in Europe, China and the United States” and which joins Volkswagen ID.3 as the first exponents of this fully electric future that this manufacturer proposes.

Lots of autonomy for a compact SUV

One of the key points on which they have focused on the design of this compact SUV is that of aerodynamics. According to Volkswagen officials, this section is so advanced in ID.4 that it allows “to reduce the drag coefficient and that will manage to boost the autonomy of ID.4 to 500 kilometers, depending on the version .”

Volkswagen will first launch a rear-wheel-drive version to later develop the four-wheel-drive version. The maximum battery capacity is known to be 77 kWh and to be located “close to the center of the lower body to create a low center of gravity and optimal driving dynamics.”

The manufacturer also promises “interior space to spare” thanks to that compact electrical system and a fully digital dashboard controlled by both touch and voice gestures.

Production of the Volkswagen ID.3 began late last year, and the firm indicates that its production target for electric cars will be 1.5 million units by 2025 instead of the one million it intended to reach in its previous estimate. The new member of the family, the Volkswagen ID.4, is expected to present in Europe throughout 2020, and then launch in the United States as well.

SOURCE: https://vocal.media/wheel/goodbye-to-diesel-and-gasoline-cars-volkswagen-factory-produces-last-ever-combustion-engine-car-shifts-to-e-vs-only

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