Posted by AGORACOM
at 3:28 PM on Monday, January 6th, 2020
American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged of 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits.
Welcome to 2020, a year in which the President of the United States conducts war via his Twitter account:
Regardless of how you feel about President
Trump or the US/Iran situation, the fact is that things escalated a
great deal over the weekend after a US airstrike eliminated Iranian
General Suleimani on Thursday night in Baghdad.
This
dangerous escalation of posturing between the mightiest military on the
planet and a country of more than 80 million people which also happens
to possess formidable conventional and unconventional military
capabilities could have potentially far reaching financial market
implications.
With Middle East equity indices already
down between 3% and 5% I fully expect S&P futures to open lower
Sunday night. Gold futures and crude oil futures could also rise sharply
in thin Sunday night trading as scared short sellers are forced to
close out losing positions.
My interest is in gold in
particular. Turning to the monthly chart we can see that gold ended
last week right at previous support from 2011-2013:
Gold (Monthly)
There is layer of resistance stretching from
the September 2019 peak at $1565 to the April 2013 high at $1604.30. If
gold gaps higher into the teeth of this resistance it should make for an
interesting week of trading which is likely to be characterized by
higher volatility and higher trading volumes. Gold sentiment is running
hot after a more than $100 rally over the span of five weeks. In
addition, positioning among gold futures traders is also at an extreme
with commercial traders (producers, swap dealers, etc.) in gold futures
holding their largest net notional short position on record (more than
US$50 billion):
Technically speaking, gold is getting a bit
overheated on shorter time frames (daily, hourly, etc.). However, on the
weekly and monthly charts the gold party could be just getting started
after a 6+ year bottoming process that only transitioned into a nascent
uptrend six months ago.
Nobody knows how the US/Iran situation is going to unfold, but one thing is for sure and that is that it’s a scary situation which has the potential to get a lot worse before it gets better. If there was ever a time to own gold it would be now, and perhaps that is why we should take standard sentiment/technical indicators with a grain of salt. Judging by the massive commercial short position in gold futures the yellow metal is in the midst of a massive short squeeze – short squeezes can often reach crazy extremes before experiencing a reversal (only once the most leveraged short players have been forced to cover at the highs). This may be what is about to unfold in gold.
Posted by AGORACOM
at 1:14 PM on Monday, January 6th, 2020
SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko owns 80% 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
Nissan will show its Ariya EV concept to the tech-oriented audience.
The former Consumer Electronics Show, now known simply as CES, lacks
the new-model cachet of a premiere world auto show. And automakers are
not yet using the Las Vegas electronics extravaganza to shine the
spotlight on their newest creations. But as the auto industry grapples
with technology-fueled disruption from electrification, autonomous
driving and upstart business models, CES is becoming the venue of choice
for brands to prove to consumers, and each other, that they are
embracing the future of mobility.
More than 160 automotive technology companies, including 10 major
automakers, will attend this year looking to forge partnerships and
recruit hard-to-find tech and engineering talent. Several top auto
industry executives will attend, including Daimler CEO Ola Kallenius,
Ford Chief Technology Officer Ken Washington and BMW r&d boss Klaus
Frohlich. U.S. Secretary of Transportation Elaine Chao will deliver a
keynote address on the state of innovation and DOT initiatives to
integrate new technologies into U.S. transportation systems.
Here’s a roundup of what automakers expect to show at CES.
BMW will tease an interior concept for its i3 EV.
The “BMW i3 Urban Suite,” said to have the “relaxed feel of a boutique
hotel,” features a large seat with footrest, a screen that flips down
from the headliner and a “personal Sound Zone.”
Fisker will debut the Ocean all-electric crossover,
powered by an 80-kWh lithium ion battery pack and with an expected range
of up to 300 miles. Production should begin at the end of 2021.
Ford will show its 2021 Mustang Mach-E crossover.
The highly anticipated mass-market EV, with a 300-mile range, is Ford’s
answer to Tesla, General Motors and others that beat it to the electric
market with long-range EVs.
GM will demo integration of Amazon’s Alexa Auto voice-controlled virtual assistant in a new Cadillac CT5.
Honda will showcase technologies being jointly
developed by its incubator Honda Xcelerator and startups focused on
improving workplace ergonomics and manufacturing efficiency. Honda will
demo exoskeleton devices and a voice-enabled, AI-powered personal
assistant developed with SoundHound. And it will show its “Smartphone as
Brain” technology, which allows motorists to safely use their phones
while on the road.
Hyundai will reveal details about a
flying vehicle concept and a “highly customizable” prototype car with
autonomous-driving capabilities. The automaker has said it plans to
evolve into a “smart mobility solution provider” by 2025 and will invest
more than $50 billion in electric and fuel cell cars, autonomous
driving, flying taxis and mobility services.
Mercedes will reveal a concept
vehicle it described as “envisioning a completely new form of
interaction between humans, technology and nature,” and show its EQ EVs.
Mercedes said it expects to introduce a fleet of 10 EVs by 2022,
starting with the EQC electric compact crossover set to arrive in the
U.S. in 2021.
Nissan will showcase its Ariya
electric crossover concept. A production version of the five-seater
could arrive in the U.S. in 2021. U.S. dealers briefed on the product
last summer said the new EV will have a 300-mile battery range and go
from 0 to 60 mph in less than 5 seconds.
Renault will demonstrate technology
that allows connected devices in the home to be controlled from a car
dashboard. The company also plans to show a battery-powered EV with a
hydrogen system that triples a zero-emission vehicle’s range.
Toyota will reveal details around its new mobility ecosystem and demo several concept vehicles.
Posted by AGORACOM
at 12:00 PM on Monday, January 6th, 2020
SPONSOR: Applied BioSciences is a vertically integrated company focused on the development and commercialization of novel, science-driven, synthetic cannabinoid therapeutics / biopharmaceuticals that target the endocannabinoid system to treat a wide-range of diseases across multiple therapeutic areas Click Here for More Info
If you have been studying cannabis products in depth to find out that
one full-spectrum CBD oil that would suit all your needs then you’d
have come across the word terpenes. But what are these terpenes, or as
others refer them, terpenoids?
Of course, if you are looking to buy CBD, you would be aware of what
cannabinoids are. these are compounds found in the cannabis plants, hemp
and marijuana. So now you have two terms cannabinoids and terpenoids –
but what’s the difference between the two? let’s take a look at this
below:
Cannabinoids
Cannabinoids like cannabidiol and tetrahydrocannabinol have
therapeutic properties. They interact with the natural endocannabinoid
system in your body. What they basically do is that they control the
functionality of cells – this means they manage cell signaling.
Cannabinoids regulate the receiving, processing, and sending of
messages between cells. A cannabinoid like CBD can interact with
cannabinoid receptors in the ECS and regulate your mood, anxiety,
inflammatory response, and much more.
While THC and CBD are the most popular cannabinoids that have studies
supporting their effects, there are hundreds of other cannabinoids too.
These include CBG and CBN among others. All cannabinoids come with
distinct features.
Terpenes
Terpenes or terpenoids are aromatic molecules not only found in
cannabis but in several other plants as well. These as well have
therapeutic properties. They are found in fruits as well. Terpenes in
the lavender flower are responsible for its unique aroma and soothing
properties.
Terpenes also found in citrus fruits and berries too. One terpene
that exists in both cannabis as well as a fruit, mango, is myrcene. The
aroma of weed that many people appreciate comes from this very terpene.
Inside plants, terpenes play a very important role. They protect against
the attack of pests, bacteria and other external agents. The amount and
type of terpenes in cannabis plants varies from one strain to another.
The Entourage Effect
Experts recommend you to go for a full-spectrum CBD formula because
it contains cannabinoids as well as terpenes. Cannabinoids and
terpenoids work together to provide better benefits. They have an
entourage effect together which enables you to get better result sooner.
This is because like cannabinoids, terpenes also have health profiting
qualities.
For instance, some terpenes have an anti-inflammatory nature while
others are great for stress relief. As you may already be aware, CBD
also provides these benefits. Of course, when in combination with other
compounds that have similar properties benefits that you drive are more.
Verdict
Cannabinoids and terpenes are compounds found in the cannabis plant. Both have therapeutic properties but are different. Terpenes are aromatic molecules responsible for the flavor of a plant and fragrance. Cannabinoids interact with the ECS of the body. Together they work even better which is why full-spectrum CBD is revered more than CBD isolate.
Posted by AGORACOM
at 11:54 AM on Monday, January 6th, 2020
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info
In this update I am not going to repeat the points made in the last
fairly comprehensive update, instead we are going to focus on the
importance of the resistance level just above where the price is now,
and impact of the killing of the Iranian General and its potential
implications for the gold price.
On the latest 10-year chart we can see that gold is making a 2nd
attack on the key major resistance level in the $1530 – $1560 zone,
which is hardly surprising considering what happened last week.
The reason that this resistance level is of such major
importance is made abundantly clear by the following chart made by a
subscriber and kindly forwarded to me, which I reproduce with his
permission. As we can see gold made no less than 5 significant lows at
this level between 2011 and 2013, before it finally crashed this support
and plunged 15% in 2 days, so it is clearly of huge significance and is
the biggest hurdle by far on the way up. Therefore, even given the
latest mayhem in the Mid-East, we should not be surprised if it now
stalls out here and possibly backs off for a while to form a trading
range, which is also made likely by its now being critically overbought
on its RSI indicator and by the latest COTs, which we will look at lower
down the page, coming in with really extreme readings again. This makes
sense given that we now at a time of maximum tension.
From a subscriber – highlighting gold’s key support at the $1530 – $1560 level, which is now of course strong resistance…
Detail showing the plunge that was triggered the failure of this support…
On the 6-month chart we can see how, after breaking out of the
corrective downtrend in force from early September, gold has risen
steeply, without one down day so far to become critically
overbought on its RSI indicator as it drives into the zone of strong
resistance with volume becoming heavy on Friday. This of course
increases the chances of its reacting back the moment tension over the
Mid-East situation eases, even if only slightly.
As for the COTs, they are showing extreme readings once more
(chart is for 24th December), which suggest that, especially if tension
over the Iran situation eases short-term, gold will probably back off
some into a consolidation pattern that will enable it to charge up
sufficiently to take out the key resistance in due course.
Click on chart to popup a larger, clearer version.
Now we come to the possible impact of the US killing of the top
Iranian General. In order to figure out the real motivation for this
act, we simply have to ask the usual question “Who stands to gain?†The
first interest group that stands to gain is the US military, which
receives about $700 billion of taxpayers’ money every year, and probably
about $500 billion of this is in excess of what it needs to defend the
Homeland. So in order to justify this bloated budget it creates enemies
and conflicts around the world. The next interest group is Israel, which
controls the US and uses the US military as a sledgehammer to achieve
its objectives which include dominance of the Mid-East. Iran is the big
prize. Finally the Republicans and Trump himself stand to gain at the
polls later this year as the population will predictably “rally round
the flag†as a result of conflict with Iran. Knowing all this, we can
quickly deduce that the killing of the Iranian General was an act of
extreme provocation designed to trigger some kind of counter attack by
Iran that can then be used as an excuse to launch a bombing campaign
against it. Even if Iran exercises maximum restraint and does nothing
beyond making empty threats to assuage its angry populace, it may still
fall victim to an onslaught after a calculated false flag attack which
is blamed on it. So whatever it does, it loses – it’s been put in a
classic “zugzwang†situation.
For all the bluster, Iran’s military is no match for that of the US
of course, which spends more than the rest of the world put together on
arms. The best way for Iran and Islam in general to “get even†with the
West for all its many decades of Colonial interference in the Mid-East,
exploitation and massive destruction inflicted on places like Iraq and
Libya and the Palestinians therefore (looked at from their point of
view) is to conduct “asymmetrical warfareâ€, invade Western countries and
attack their churches
and institutions etc, and then take them over gradually by outbreeding
them. Western societies are now too corrupt, decadent, morally bankrupt
and weak to stop this happening, and it is happening right now in
Europe, and the only reason it isn’t happening to the same extent in the
US is that it is a lot harder to pilot a rubber dingy across the
Atlantic Ocean than the Mediterranean Sea, although as we know the
Democrats and the Left appear to trying to take up the slack by
destroying the country from within in places like Portland, L.A. and San
Francisco, and this rot will spread unless right minded people take a
vigorous stand.
All this is mentioned because it is clear that the killing of the
Iranian General is the prelude to a military strike against Iran, which
will probably take the form of an extensive and intensive bombing
campaign that both Israel and the US have been looking forward to for
years, because a ground invasion is out of the question due to the
geography and logistics. The goal as usual will be to destroy its
military capability and wreck its infrastructure with the eventual aim
of installing a puppet government and opening up the country to Western
exploitation, and the wild card in all this will be whether Russia and
China will do anything to prevent it, or just stand and watch. It is
thought that they don’t have the nerve to intervene. In any event, if
such a campaign is launched, we can expect the world to be gripped by an
acute sense of crisis and gold will spike. Iran may have the ability to
disrupt the flow of oil out of the Persian Gulf, albeit temporarily,
which would trigger an oil price spike and a stockmarket crash.
Last week’s updates concluded with a look at the highly bullish
charts for gold measured against the Australian dollar and the Japanese
Yen, and this week we will look at gold against the Canadian dollar and
the Swiss Franc.
While many investors are still agonizing about whether gold is in a
bullmarket or not, that is because they are fixated on the charts for
gold in US dollars. When you look at gold in other currencies you
realize that it is already very much in a bullmarket, and recently made
new highs against many currencies, like the Canadian dollar shown below…
Even against the Swiss Franc, which amongst currencies enjoys
some safe haven status, gold is performing better than it is against the
dollar…
…and we should remember that the dollar may not remain as “king
of the hill†forever, especially as a number of major powers in the Asia
especially are preparing to ditch it.
Finally, we are going to take a quick look at an unusual chart for
gold submitted by the same subscriber as some of the charts above. It is
unusual because it is a yearly candlestick chart, meaning that each
candle on it is for an entire year. Its supreme advantage is that it
keeps things simple. The Triangle shown on it is his interpretation, not
mine. It certainly looks positive here with a big white candle for
2019, with the arithmetic version shown looking even more bullish. This
type of chart also has a potential advantage for the writer, as if only
this chart were used, I would only have to write these updates once a
year.
Courtesy of Clive Maund: https://www.clivemaund.com/gmu.php?art_id=68&date=2020-01-05
Posted by AGORACOM
at 1:21 PM on Friday, January 3rd, 2020
Sponsor: Affinity Metals (TSX-V: AFF) a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the Drill ready Regal Property near Revelstoke, BC. Recent sampling encountered bonanza grade silver, zinc, and lead with many samples reaching assay over-limits. Further assaying of over-limits has been initiated, results will be reported once received. Click Here for More Info
With an impressive start to the year this new heightened geopolitical development could be the catalyst to break out gold to multi year highs. The U.S. strike that killed a key Iranian general could have a ripple effect on the signing of the trade agreement on the 15th as China and Iran have recently worked together on joint military operations along with Russia. Any set back in the trade agreement would severely impact the direction of U.S. equities and the expectations for interest rate decisions globally. Price Analysis and Outlook The daily gold chart shows that momentum indicator slow stochastics are rising steadily and reaching overbought territory giving longer term indication that we have pushed into a Bull Market. While ADX, which measures strength of the trend, has turned up over 40 showing that the driving force behind the recent upward move is very strong. The 2 key levels of support to watch are the November 1st high of $1525.2 and the December 30th high of $1519.1. This should act as a consolidation level while a likely upside target completing this trend would be an objective of $1572
Posted by AGORACOM
at 10:51 AM on Tuesday, December 31st, 2019
SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko owns 80% of the high-grade La Loutre graphite Property , Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Click Here For More Information
Volkswagen AG said Friday that its Volkswagen brand has raised the 2025 target for the production of electric cars.
The
German car maker is forecasting that it will have reached its brand
target of one million electric cars by the end of 2023, which is two
years earlier than planned.
The brand now expects 1.5 million electric cars to be produced in 2025, Volkswagen said.
Volkswagen group said earlier this year that it was ramping up its spending on electric and hybrid vehicles and digitalization, with about 33 billion euros ($3 )
Posted by AGORACOM
at 9:20 AM on Tuesday, December 31st, 2019
Cardston, Alberta–(December 31, 2019) – American Creek Resources
Ltd. (TSXV: AMK) (OTC Pink: ACKRF) (“American Creek”) (“the
Corporation”) is pleased to report that Canadian billionaire Eric Sprott
has invested an additional $2,900,000 in our JV partner Tudor Gold for
the upcoming 2020 drill program on Treaty Creek, located in the “Golden
Triangle” of Northwestern British Columbia.
The 2019 drilling at Treaty Creek was very successful and produced
some of the most significant gold intercepts in the exploration
industry. The focus has been on the gold enriched Goldstorm Zone which
is on trend with Seabridge Gold’s Iron Cap Zone located approximately
five kilometers to the southwest. Drilling was designed to define a gold
deposit with the potential of being open pit mined.
The Treaty Creek Project is a joint venture with Tudor Gold owning
3/5th and acting as project operator. American Creek and Teuton
Resources each have a 1/5th interest in the project. 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”.
Darren Blaney, CEO of American Creek stated: “Mr. Sprott has now made
multiple significant investments in Tudor Gold in 2019 for the
development of the Treaty Creek property. On December 13, 2019 Mr.
Sprott stated: “Treaty Creek has a great shot at having 20 million
ounces, the holes are so deep, they have a thousand-meter holes that are
running close to a gram a ton and it’s wide open, so I’m very excited
about the opportunity there”. He continues to put his money where
his mouth is and has given another huge endorsement to the Treaty Creek
project with this latest significant injection of cash. He also made two
prior $1,000,000 investments in American Creek earlier in 2019.”
The Treaty Creek Project lies in the same hydrothermal system as
Pretium’s Brucejack mine and Seabridge’s KSM deposits however, the
Treaty Creek project has far better logistics.
On December 27, 2019 Sprotts “Weekly Roundup” show hosted Bob
Thompson, Senior Vice President of Raymond James in Vancouver who does
an excellent job at describing where we are on the “Mining Clock” along
with other valuable insights into the precious metals industry.
We highly recommend you take a few minutes to listen:
About American Creek
American Creek is a Canadian 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 and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as 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.
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
Posted by AGORACOM
at 8:33 AM on Friday, December 20th, 2019
ZEN Graphene Solutions Ltd. (TSXV: ZEN) (“ZEN” or the “Company“)
has closed its previously announced private placement of flow-through
common shares of the company and reports that it was oversubscribed. The
company raised $1.21-million in respect of the offering, which will be
used to finance the 2020 environmental baseline field program and
community engagement work on the company’s Albany graphite project.
The offering consisted of the issuance of 3.025 million flow-through
common shares at a price of 40 cents per flow-through common share for
aggregate gross proceeds of $1.21 million. Finders’ fees in an aggregate
amount of $54,840 were paid by the company in connection to the
offering.
The flow-through common shares issued in connection with the offering
will be subject to a hold period until April 20, 2020, in accordance
with applicable securities laws.
Graphene Production and Graphene Oxide Research Update
The Company is moving forward with graphene production and
anticipates that small-scale graphene related production will commence
before the end of Q1 2020. The first batch of equipment for the
purification small-scale pilot plant was delivered this week. In the
coming months, ZEN is aiming to setup small-scale graphite purification
and graphene-related production facilities including Graphene Quantum
Dots (GQDs) and Graphene Oxide (GO). These products will be available
for research and development, application development and for commercial
use.
In addition, the Company reports that Prof. Aicheng Chen and his team
at the University of Guelph was recently awarded a $310,000, three-year
NSERC CRD grant to continue developing an environmentally friendly and
commercially scalable electrochemical process to produce GO and GQDs.
ZEN looks forward to continuing its strong collaborative relationship
with Prof. Chen and his team.
Graphene in Aluminum Products $450,000 Alliance Grant
The Company together with an industrial collaborator in the aluminum
business are jointly supporting a Natural Sciences and Engineering
Research Council (“NSERC”) Alliance grant application by Dr. Lukas
Bichler, a materials engineer from the University of British Columbia in
Okanagan. This application followed promising results earlier this year
where Dr. Bichler and his team used ZEN’s graphene products in aluminum
alloys. NSERC recently approved the $450,000, three-year Alliance
grant. ZEN looks forward to working with its aluminum industrial
collaborator and Dr. Bichler to create innovative aluminum products for
the automotive industry.
Environmental Baseline Program Update
The Company reports that in late November, the first full open water
field season for the environmental baseline program for the Albany
Project came to a successful close. All the program objectives were met
with a wide range of data collected over a period of eight months. The
collected data initiates the physical and biological characterization of
the site needed for project development planning and regulatory
permitting. ZEN is working closely with ERM Canada Ltd.’s (“ERM”) team
of scientists, biologists, and engineers. Members from the Constance
Lake First Nation (“CLFN”) were also important members of the field
teams providing local knowledge and supported the process of data
collection (click here
to see CLFN videos of the various field activities). ERM is leading the
desktop and fieldwork associated with this program on behalf of ZEN.
ERM is a leading global provider of environmental, health, safety,
social and sustainability consulting services with over three decades of
experience in the Canadian mining industry.
About ZEN Graphene Solutions Ltd.
ZEN is an emerging graphene technology solutions company with a focus
on the development of graphene-based nanomaterial products and
applications. The unique Albany Graphite Project provides the company
with a potential competitive advantage in the graphene market as
independent labs in Japan, UK, Israel, USA and Canada have independently
demonstrated that ZEN’s Albany Graphite/Naturally PureTM is an ideal
precursor material which easily converts (exfoliates) to graphene, using
a variety of mechanical, chemical and electrochemical methods.
Posted by AGORACOM
at 8:29 AM on Friday, December 20th, 2019
First of two monthly graphite purchase orders to the
value of US$ 6 Million as part of an aggregate US$25,000,000 deal
spanning over 39 months payable in Toda Notes (“TDN”)
The deal between TODAQ and Gratomic Inc. is powered by the TDN digital asset
Graphite to sit in TDN reserve backstop to underpin the true value of the digital asset
Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V:GRAT)(FRANKFURT:CB81)
a vertically integrated graphite to graphenes, advanced materials
development company announces it has received its first two purchase
orders for a total of USD 6 Million following a previously announced
supply agreement on October 17, 2019 (https://gratomic.ca/gratomic-signs-deal-to-supply-graphite-to-todaq/)
for an aggregate of USD $25,000,000 of graphite in an all-digital-asset
deal from TODAQ STAR Program Phase 1 Corp, a subsidiary of TODAQ
Holdings. The purchase orders are each for 600 tonnes of graphite valued
at USD $6,000,000 solely payable in TDN at a price of USD$0.10 per TDN
for an aggregate of TDN 60,000,000 that is to be delivered within 90
days.
Subsequent to the success of the initial delivery, TODAQ will place
one additional order of 600 tonnes of graphite with 30 day intervals
bringing the total to 1800 tonnes of graphite for USD $9,000,000 in
consideration for the issuance of an aggregate of 90 million TDN.
Thereafter, TODAQ will place orders on a monthly basis with the value of
USD $484,848.49 based on both the purchase price for graphite and the
exchange between USD and TDN applicable at the time over a period of 39
months.
The agreement marks the first steps towards a significant journey for
Sovereignty Tech pioneer TODAQ, with a strategic intention towards both
building its TDN rewards program and allowing cryptographic ownership
of commodities so that all business, people and markets can transact
quickly with security and long-term stability. Furthermore, the graphite
will sit in the TDN reserve backstop as part of a diverse set of
commodities to underpin the true value of deployed TDN with physical
substance and utility.
No mineral resources, let alone mineral reserves demonstrating
economic viability and technical feasibility, have been delineated on
the Aukam Property. The Company is not in a position to demonstrate or
disclose any capital and/or operating costs that may be associated with
satisfying the terms of the Todaq Supply Agreement.
Gratomic wishes to emphasize that Supply Agreement is conditional on
Gratomic being able to bring the Aukam project into a production phase,
and for any graphite being produced to meet certain technical and
mineralization requirements.
Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical
report to help it ascertain the economics of Aukam. Presently the
Company uses its existing pilot processing facility to produce certain
amounts of graphite concentrate from accumulated surface graphite.
Risk Factors
The Company advises that it has not based its production decision on
even the existence of mineral resources let alone on a feasibility study
of mineral reserves, demonstrating economic and technical viability,
and, as a result, there may be an increased uncertainty of achieving any
particular level of recovery of minerals or the cost of such recovery,
including increased risks associated with developing a commercially
mineable deposit.
The Supply Agreement provides that if Gratomic is unable to deliver
graphite in accordance with the orders from Todaq, Todaq has the right
to refuse to take any subsequent attempt to fulfil the order, terminate
the agreement immediately, obtain substitute product from another
supplier and recover from the Company any costs and expenses incurred in
obtaining such substitute product or suing for damages under the
contract.
Historically, such projects have a much higher risk of economic and
technical failure. There is no guarantee that production will begin as
anticipated or at all or that anticipated production costs will be
achieved.
Failure to commence production would have a material adverse impact
on the Company’s ability to generate revenue and cash flow to fund
operations. Failure to achieve the anticipated production costs would
have a material adverse impact on the Company’s cash flow and future
profitability.
Steve Gray, P.Geo. has reviewed, prepared and approved the scientific
and technical information in this press release and is Gratomic Inc’s
“Qualified Person” as defined by National Instrument 43-101 – Standards
of Disclosure for Mineral Projects.
About TODAQ
TODAQ serves businesses, financial institutions and governments,
offering a true digital asset ownership management platform for secure
and efficient settlement. Leveraging the TODA protocol, each asset
maintains an immutable, sovereign record of ownership. TODAQ aims to
enhance the right of ownership over digital assets through the use of
cryptographic and legal techniques to replace intermediaries. In 2019,
TODAQ officially launched the TODA Note (TDN) as a fungible digital
payment and loyalty asset. To learn more about TODAQ and TDN, please
visit https://todaq.net and https://tdn.network, questions should be directed to [email protected].
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market
commercialization of graphite products most notably high value graphene
based components for a range of mass market products. Gratomic is
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
For more information: visit the website at www.gratomic.ca or contact:
Posted by AGORACOM
at 9:56 AM on Thursday, December 19th, 2019
American Creek Resources (TSXV: AMK) (OTC Pink: ACKRF) (the “Corporation” or “American Creek”) is pleased to announce its partner Tudor Gold has concluded the interpretation of a copper-silver mineralized zone, the ‘CS 600 Horizon’,
within the Goldstorm Zone. Composite grades for drill holes GS19-42,
47, 48, 49, 52 and CB18-39 were re-calculated utilizing the copper and
silver grades obtained from the 2019 drill-hole program. These holes are
located in the northeastern-most area of the project. The copper and
silver mineralization contributed greatly to increasing the gold
equivalent content of all drill holes that cut the new copper-rich ‘CS 600 Horizon’.
The largest increase in gold equivalent content to the ‘300 Horizon’
was from GS19-42. The gold-only grade previously reported for the 370.5 m interval was 1.097 gpt Au. After adding the copper-silver mineralization, the gold metal equivalent content has increased to 1.275 gpt Au Eq over the same 370.5metre interval. This was due mainly to the elevated silver grades.
Copper grades were very consistent within the ‘CS 600 Horizon’. Grades ranged from approximately
0.16% Cu to 0.34% Cu over intervals of 69m to 151.5m in holes GS19-42,
47, 48, 49 and 52. These intercepts led to the largest gold equivalent
increases within the Goldstorm System.
Silver grades averaged as high as 10 gpt within both the ‘300 Horizon’ and the ‘CS 600 Horizon’ and the metal appears to occur throughout the entire Goldstorm System.
Vice President of Project Development, Ken Konkin P.Geo. comments:“The
newly discovered copper-rich ‘CS 600 Horizon’ is a very important
feature of the Goldstorm System. The presence of copper and silver
mineralization gives this discovery a true polymetallic nature yet it
remains a gold-dominant project. Copper grades appear to be increasing
with depth within the ‘CS 600 Horizon’. In the following weeks our
technical team will continue to examine the rest of the drill holes to
re-compute the gold-equivalent grades to include copper and silver
throughout the entire system.”
Table l provides gold equivalent composites from
five drill holes completed on three sections that cut the ‘300 Horizon’
and the ‘CS 600 Horizon’ within the Goldstorm System. Although the sixth
hole in this table (CB18-39) did not intersect the ‘CS 600 Horizon’,
the Au Eq composite increased the grade of the intercept by over 11%
within the ‘300 Horizon’. Sections attached demonstrate that the copper
pulse is un-like the main gold mineralization within the ‘300 Horizon’
as the ‘CS 600 Horizon’ appears to be dipping sub-parallel to the main
Treaty Thrust Fault (TTF1) shown in section 111+00 NE. The Company’s
Press Release dated October 24th provides the drill collar data
including drill hole location, elevation, inclination, azimuth and drill
hole length.
* All assay grades are uncut and intervals reflect drilled intercept
lengths. True widths of the mineralization have not been determined. HQ
and NQ2 diameter core samples were sawn in half and typically sampled at
standard 1.5m intervals.
**Prices used to calculate the AuEq metal content are: Gold $1322/oz,
Ag: $15.91/oz, Cu: $2.86/lb. All metals are reported in USD and
calculations do not consider metal recoveries.
The goal is to design a diamond drill hole program that will
fast-track the exploration program for 2020 with the objective to begin
the Mineral Resource Estimate work at the end of the 2020 field season.
Tudor hopes to accomplish as much drilling needed to bring a Measured
and Indicated Mineral Resource Estimate forward as quickly as possible.
Walter Storm, President and CEO, stated: “These
new gold equivalents are extremely encouraging as our technical team
continues to take positive steps advancing Tudor Gold’s flagship Treaty
Creek Au-Ag-Cu project. During the following months our geologist and
engineers will continue to work with the geological model and begin to
prepare the diamond drill hole proposal for 2020 .”
Darren Blaney, President and CEO of American Creek, stated:“The
Goldstorm deposit on Treaty Creek continues to amaze us. Its scale has
grown exponentially over the last two years to close to a billion tonnes
and these recent calculations are giving us a more accurate indication
of the grades within the system. The focus has been on the 300 zone as
it’s a gold enriched area just below the surface giving it great
potential to be open pitted, and now we’re starting to see the
tremendous potential at depth in the CS 600 zone. The Goldstorm is open
at depth and to the north and east which is where these pulses of copper
and silver are becoming more concentrated. With power and the highway
only 20km down the valley, and the deposit increasing in size
exponentially, the Goldstorm truly has the potential to be a world class
deposit.”
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. 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”.
The Treaty Creek Project lies in the same hydrothermal system as
Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better
logistics.
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
International Standards ISO 17025 and ISO 9001. MSA Labs is independent
of the Company.
Qualified Person
The Qualified Person for this news release for the purposes of
National Instrument 43-101 is the Company’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 the disclosure
contained in this news release.
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 and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as 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.
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
