Posted by AGORACOM-JC
at 6:02 PM on Wednesday, January 16th, 2019
successfully improved its lithium-in-clay extraction technology, as well as an important breakthrough regarding the processing of hard rock material
Montreal / January 16, 2019 – St-Georges Eco-Mining Corp. (CSE: SX)(OTC: SXOOF) (FSE: 85G1) is pleased to report that it successfully improved its lithium-in-clay extraction technology, as well as an important breakthrough regarding the processing of hard rock material.
The Company previously
reported back in December (See Press Release Dated December 20, 2018)
that it had achieved the removal, by mechanical means, of 55% of the
material processed from the Bonnie Claire lithium deposit fully owned by
its partner Iconic Minerals ltd (TSX-V: ICM). At that point, 90% of the
lithium contained in the initial material was later found in solution
to be processed for recovery.
Additional tests have now
improved the outlook on the recovery grade. Stage 2 selective leach
processing has eliminated 70% of the material contained in the pregnant
portion of the initial material. The company is now pleased to report
that it found 100% of the initial lithium in solution post-leaching. The
subsequent solution now represent between 12 to 15% of the initial
material.
These
simple steps eliminate the need for expensive processing of 85 to 87%
of the initial material while retaining 100% of the lithium contained in
the material from the deposit. This increase the lithium grade of the
material to be further processed by 6 to 8 times.
From the 100% initial
material, 55% is discarded mechanically, low cost lixiviation sets aside
between 68 to 73% of the remaining material leaving approximately only
12 to 15% to be processed further.
The company is currently
working on improving the leaching selectivity within its phase 2
development efforts. Phase 3 testing will focus on purifying the lithium
to reach lithium hydroxide commercial quality.
Extraction of lithium from hard rocks.
The company has successfully
tested its leaching approach with spodumene and other clay formations
of lithium without pressure, calcining and high temperatures. This
development can be applied to any hard feed which includes tailings,
clay and hard rocks. St-Georges metallurgists are planning to initiate
tests in the coming days with lepidolite lithium material available from
St-Georges’ LeRoyal Project.
Joel Scodnick, P.Geo, a qualified person under NI 43-101 has reviewed and approved the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANCOIS (FRANK) DUMAS, DIRECTOR & COO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls
directly or indirectly, through rights of first refusal, all of the
active mineral tenures in Iceland. It also explores for nickel on the
Julie Nickel Project & for industrial minerals on Quebec’s North
Shore and for lithium and rare metals in Northern Quebec and in the
Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed
on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and
on the Frankfurt Stock Exchange under the symbol 85G1.
The
Canadian Securities Exchange (CSE) has not reviewed and does not accept
responsibility for the adequacy or the accuracy of the contents of this
release.
Posted by AGORACOM-JC
at 8:30 AM on Wednesday, January 16th, 2019
E5A Integrated Marketing is partnering with KoreConX
to offer a complete solution to companies
[New York, NY – January 16,
2019] – KoreConX
is proud to announce its most recent KorePartner, E5A
Integrated Marketing. The New-York-based company specializes in
marketing for capital raising, among other things.
E5A helps companies raising capital to target with precision all of the
appropriate audiences, including qualified and accredited investors. Their
experienced team uses logic and math-based planning combined with positioning
and messaging to provide well-informed, interested prospects.
“When we think about the capital raising process, we don’t see it just
from the legal or financial point of view. We view the entire capital raising
process as a whole and realize that the marketing element is a crucial part,â€
said Oscar Jofre, Co-Founder & CEO at KoreConX. “We were looking for
companies specialized in marketing for capital raises, but also ones that are
in tune with all the transformations brought by the digital age. And we believe
E5A is a perfect choice here.â€
“At E5A, we have years of experience in investor marketing and the
fintech industry, enough to know that we need to move at a fast pace and evolve
to remain leaders,†said Andrew Corn, CEO at E5A. “And to be able to partner
with KoreConX, a company that works with the latest blockchain technology, it
is a great opportunity for us.â€
E5A Integrated Marketing has become part of the KorePartner ecosystem,
a group of selected broker-dealers, secondary market platforms, capital markets
platforms, lawyers, compliance, investor relations, accounting and marketing
firms that support the KoreConX security token protocol and adhere to KoreConX
governance standards. KoreConX’s KorePartners are from around the globe and
bring the necessary expertise that a company will need to launch a fully compliant
security token in multiple jurisdictions.
About KoreConX
KoreConX is the world’s first highly-secure
permissioned blockchain ecosystem for fully-compliant tokenized securities
worldwide.
To ensure compliance with securities
regulation and corporate law, the KoreConX all-in-one, AI-based blockchain
platform manages the full lifecycle of tokenized securities including the
issuance, trading, clearing, settlement, management, reporting, corporate
actions, and custodianship. KoreConX connects companies to the capital markets
and secondary markets facilitating access to capital and liquidity for private
investors.
KoreConX is the first secure, all-in-one
platform for private companies to manage their capital market activity and
stakeholder communications. Removing the burden of fragmented systems and
inefficient tools across multiple vendors, KoreConX offers a single environment
to connect companies, investors and broker/dealers. Leveraged for investor
relations and fundraising, private companies can share and manage corporate
records and investments including portfolio management, capitalization table
management, virtual minute book, security registers, transfer agent services
and virtual deal rooms for raising capital.
Posted by AGORACOM-JC
at 4:16 PM on Tuesday, January 15th, 2019
Announced that the Company’s common shares are now listed and trading on the Frankfurt Stock Exchange under the ticker symbol “8BV.â€
VANCOUVER, British Columbia, Jan. 15, 2019 — Bougainville Ventures Inc. (“Bougainville†or the “Companyâ€) (CSE: BOG) is pleased to announce that the Company’s common shares are now listed and trading on the Frankfurt Stock Exchange (“FRAâ€) under the ticker symbol “8BV.†The Company’s common shares continue to be listed on the Canadian Stock Exchange (“CSEâ€) under the ticker symbol “BOGâ€. The Company is actively pursuing an OTC listing in the United States.
CEO, Andy Jagpal Comments: “Our listing on the
Frankfurt Stock Exchange is an important step forward in the Company’s
future growth internationally allowing European investors to capitalize
on our ongoing expansion and opportunity in the Canadian and US cannabis
markets.â€
About Bougainville Ventures Inc.  Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources.
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, CEO and Director
For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420.
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on
estimates and assumptions made by BOG in light of its experience and
perception of current and expected future developments, as well as other
factors that BOG believes are appropriate in the circumstances. Many
factors could cause BOG’s results, performance or achievements to differ
materially from those expressed or implied by the forward looking
statements, including: discrepancies between actual and estimated
results from exploration and development and operating risks, dependence
on early exploration stage concessions; uninsurable risks; competition;
regulatory restrictions, including environmental regulatory
restrictions and liability; currency fluctuations; defective title to
mineral claims or property and dependence on key employees.
Forward-looking statements are based on the expectations and opinions of
the Company’s management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
Posted by AGORACOM-JC
at 4:08 PM on Tuesday, January 15th, 2019
SPONSOR: Esports Entertainment $GMBL Esports audience is 350M, growing to 590M, Esports wagering is projected at $23 BILLION by 2020. The company has launched VIE.gg esports betting platform and has accelerated affiliate marketing agreements with an additional 42 Esports teams, bringing total to 176 Esports teams. Click here for more information
—————-
Puma Enters Esports with Cloud9
Apparel brand Puma is set to become the official apparel and official game-day pants/shoes provider of the Cloud9 LCS team.
The deal only covers the 2019 Spring Split, but C9’s head of
partnerships indicated that the relationship has the potential to expand
in the future.
Puma will also provide women’s apparel for team managers.
Puma will announce its first major esports move today, an apparel deal with the tier-one team organization Cloud9 .
Under the deal, Puma becomes the official apparel and official game-day pants/shoes provider of the Cloud9 League of Legends Championship Series (LCS) team. The Puma logo will also appear on the breastplate of the team’s jersey, which are sold by We Are Nations via a league-wide apparel deal with Riot Games.
“This deal gives us ability to be a part of
more things our kids love, and that’s how our brand moves the culture
forward,†said Matt Shaw, team head, digital marketing for Puma.
“Cloud9 is really uniquely posed to help us do that.â€
The deal only covers the spring LCS season,
which kicks off Jan. 26, and it does not include any Puma product
available for retail. But both sides suggested the relationship will
expand. “There’s a lot of potential for growth on both sides, so we’re
ecstatic that this is only the beginning of the partnership,†said
Cloud9 head of partnerships Jordan Udko.
Terms were not disclosed. Cloud9 is one of esports’ most valuable and successful brands, with its League of Legends team becoming the first American team to make the global semifinals in 2018. Because the deal covers team managers too, Puma is providing women’s apparel as well.
Puma did a brand integration deal with the
video game Pro Evolution Soccer in 2014, but this is its first foray
into modern elite esports. Other apparel brands that have entered
esports recently include Champion with Team Dignitas and K-Swiss with Immortals.
Adult learners prefer university degrees, but short courses gaining popularity too
New Delhi: A certificate from a college is still the most important thing for Indian learners, but many in the country would now consider taking up short online courses too, according to data from a survey of more than 1,000 Indians by British multinational publishing and education firm Pearson.
One in three Indian learners would consider doing a university master’s degree in the next three years, but one in four learners would also consider taking up short courses, either free or paid, ..
Tags: education, tsx Posted in All Recent Posts, betterU Education Corp | Comments Off on Betteru Education Corp. $BTRU.ca – Adult learners prefer university degrees, but short courses gaining popularity too $ARCL $CPLA $BPI $FC.ca
Posted by AGORACOM-JC
at 12:08 PM on Tuesday, January 15th, 2019
The amended January 9, 2019 NI 43-101 Mineral Resource Estimate confirms that the River Valley Project has 2,867,000 Measured and Indicated PdEq ounces, with 1,059,000 PdEq ounces in Inferred at a 0.35 g/t and 2.0 g/t PdEq cut-off for open pit and underground respectively.
The amended and restated Mineral Resource Estimate presents a Mineral Resource that demonstrates reasonable prospects for eventual economic extraction.
The new pit constrained Mineral Resource will be more representative of the potentially economic portion of the Mineral Resource that will be disclosed in the upcoming 2019 Preliminary Economic Assessment (PEA).
River Valley is the largest undeveloped primary PGM Mineral Resource in North America. The Project has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals.
The Project’s first economic study (Preliminary Economic Assessment) is slated to be completed on or before the end of Q2 2019.
January 15, 2019 / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “The company is pleased to update our shareholders with the new amended May 2018 NI 43-101 Mineral Resource Estimate of the River Valley Platinum Group Metals (PGM) Project. As a result of a review by the British Columbia Securities Commission (“BCSC”) the Company is clarifying the Technical Report on its River Valley PGM Project filed on May 7, 2018. WSP Canada Inc. (WSP) under the supervision of Todd McCracken, P. Geo., completed the Mineral Resource estimation. Management believes this study has upgraded the open pit bulk mining potential of this project. The May 2018 Technical Report presented a global mineral inventory whereas the January 2019 Technical Report presents a pit constrained Mineral Resource that shows reasonable prospects for eventual economic extraction. Our objective is to complete the Project’s first economic study, a Preliminary Economic Assessment (PEA) on or before the end of Q2 2019. The second objective is to continue to explore and develop the entire 16 kilometres of mineralization throughout the contact zone (current established Mineral Resource) and test the new footwall discovery that has potential to extend throughout the overall Project.” (See Figure 1)
WSP Canada, under the supervision of
Todd McCracken, P. Geo (Manager-Mining at WSP Canada) has recently
amended the 2018 NI 43-101 Mineral Resource estimation of the River
Valley PGM Deposit in the Sudbury Mining District of Ontario, Canada. The
new Mineral Resource Estimate has incorporated all the past data,
geophysics, new drilling since 2015 and the River Valley Extension
(RVE), including the additional drilling in the new footwall discoveries
Pine Zone and T3.
The
results of the updated Mineral Resource Estimate are tabulated in Table 1
below (0.35 g/t PdEq open pit and 2.0 g.t PdEq underground cut-off).
This 43-101 Technical Report is available on SEDAR.
Table 1: Results from the amended NI 43-101 Mineral Resource Estimate.
Click Image To View Full Size
Class
PGM + Au (oz)
PdEq (oz)
PtEq (oz)
Measured
1,394,000
1,701,000
1,701,000
Indicated
983,000
1,166,000
1,166,000
Meas +Ind
2,377,000
2,867,000
2,867,000
Inferred
841,000
1,059,000
1,059,000
Notes:
1.CIM definition standards were followed for the Mineral Resource Estimate.
2.The 2018 Mineral Resource models used
Ordinary Kriging grade estimation within a three-dimensional block model
with mineralized zones defined by wireframed solids.
3.A base cut-off grade of 0.35 g/t PdEq
was used for reporting Mineral Resources in a constrained pit and 2.00
g/t PdEq was used for reporting the Mineral Resources under the pit.
6.Mineral Resources that are not Mineral Reserves do not have economic viability
7. The Inferred Mineral Resource in this
estimate has a lower level of confidence than that applied to an
Indicated Mineral Resource and must not be converted to a Mineral
Reserve. It is reasonably expected that the majority of the Inferred
Mineral Resource could be upgraded to an Indicated Mineral Resource with
continued exploration.
Click Image To View Full Size
Figure
1: The Yellow Band represents the footwall potential area of the River
Valley Deposit based on the results of the Pine Zone where footwall
mineralization was noted to extend 150 metres eastward from the Pine
Zone/ T3 main deposit. At present the only area that has confirmed
footwall mineralization is in the Pine Zone (defined from 2015 to 2017
drilling). Geophysics and exploration are in progress to test other
areas of the Deposit. Management’s specific focus is to outline a
sufficient potentially economic Mineral Resource in the northern portion
of the project, and subsequently develop a series of open pits (bulk
mining), crush,and concentrate on site, and ship the concentrates to Sudbury for metallurgical extraction.
CONFERENCES THIS QUARTER
In late January, our Chairman & CEO
Harry Barr is travelling to South Africa attending two 1-2-1 style
conferences with over 25 pre-booked meetings with mine finance
companies, major mine companies, institutions, stock brokers, and high
net worth individuals.
OPT-IN LIST
If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project)
in the Sudbury Mining District of Northern Ontario (100 km east of
Sudbury, Ontario). See results from the most recent NI 43-101 Mineral
Resource update above in Table 1. NAM management and consultants are
currently designing a complete drill program to be executed in 2019 for
the River Valley Project. This plan will consider previously proposed
drill parameters and will be based on the most recent geophysical
assessment and consultant expertise. The projects first economic study, a
Preliminary Economic Assessment (PEA) is underway and is being overseen
by Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors. See
the most recent press releases for the River Valley Project PEA which
details the appointment of P&E Mining Consultants Inc. and DRA
Americas to jointly conduct the study, dated July 25, 2018 and August 1, 2018 respectively. Our new Fall Chairman’s message can be accessed at our website (www.newagemetals.com) .
On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018,
NAM announced the right to purchase 100% of the Genesis PGM Project,
NAM’s first Alaskan PGM acquisition related to the April 4th
agreement. The Genesis PGM Project is a road accessible, under
explored, highly prospective, multi-prospect drill ready Palladium (Pd)-
Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A
comprehensive report on previous exploration and future phases of work
was completed by Avalon Development of Fairbanks Alaska in August 2018
on Genesis. A full sampling program will be conducted to continue
to outline additional mineralization along the 800-metre by 40-metre
mineralized zone
On August 29, the Avalon report was
submitted to NAM, management is actively seeking an option/joint-venture
partner for this road accessible PGM and Multiple Element Project using
the Prospector Generator business model.
QUALIFIED PERSON
The
contents contained herein that relate to Exploration Results or Mineral
Resources is based on information compiled, reviewed or prepared by Todd
McCracken, P.Geo. an employee of WSP and independent of New Age Metals.
Mr. McCracken is the Qualified Person as defined by National Instrument
43-101 and approves the content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
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.
Cautionary Note Regarding Forward
Looking Statements: This release contains forward-looking statements
that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current
expectations or beliefs. For this purpose, statements of historical
fact may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”,
“confident”, “intend”, “strategy”, “plan”, “will”, “estimate”,
“project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others, the Company’s
ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed,
and other factors as may be discussed in the documents filed by the
Company on SEDAR (www.sedar.com), including the most recent reports that
identify important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts’
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Investors should not place undue reliance on forward-looking statements.
Tags: PGM, stocks, tsx Posted in All Recent Posts, Lithium, New Age Metals | Comments Off on New Age Metals $NAM.ca Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces in the Inferred Classification River Valley #Platinum Group Metal Deposit, Sudbury, Ontario #Palladium #PGM
Posted by AGORACOM-JC
at 10:28 AM on Tuesday, January 15th, 2019
SPONSOR: New Age Metals Inc.
(TSX-V: NAM) The company’s new Lithium Division has already made
significant acquisitions in Canada and the USA. The company also owns
one of North America’s largest primary platinum group metals deposit in
Sudbury, Canada. Learn More.
NAM: TSX-V ——————————-
Discovery of mineral used in batteries has drills turning around Snow Lake
The growing prominence of electrified vehicles may be of huge benefit to Snow Lake, which is home to a large lithium find. The commodity is used in batteries
One of the hubs of activity for a mineral vital in the world’s drive to electrification is around Snow Lake, 200 kilometres east of Flin Flon.
Ian Froese · CBC News · Posted: Jan 12, 2019 6:00 AM CT | Last Updated: January 12
It may not offset the hundreds of mining jobs that northern Manitoba is losing, but exploration companies are bullish on the potential for lithium.
One of the hubs of activity for a mineral vital in the world’s drive
to electrification is around Snow Lake, 200 kilometres east of Flin
Flon.
“If we get three or four mines going up there again, we could
probably get 500 directly employed people,” said geologist Dale Schultz,
who is collaborating with a new mining company called Snow Lake
Resources.
It’s a lofty goal, but then lithium, used in batteries, is a hot
commodity in the expected electrification of our society,
including vehicles. And jurisdictions are taking notice: only months ago
the B.C. government promised it would take steps to ensure all new cars
and trucks sold in the province are emission-free by 2040.
That means the resource will become more valuable as time goes on, Schultz says.
“That’s the common wisdom right now.”
Betting on lithium
In and around Snow Lake, drills are turning for lithium.
Snow Lake Resources has dibs on a 6.3-million-tonne resource
estimate, while Far Resources is digging into an initial resource of 1.1
million tonnes.
The exploration comes amid a downturn in the province’s mining industry.
The sector faced a body blow last year when Hudbay announced its
intentions to pull up stakes in Flin Flon by 2021 due to a lack of ore
in the ground. In another setback, Vale laid off 169 employees last year
at its Thompson mine.
To save even some of those Hudbay positions, Snow Lake is being held
up as a saving grace. The miner expects to transfer employees to the
Stall mill, Lalor mine and a refurbished New Brit Gold mill, all near
Snow Lake.
It will lessen the blow, but it won’t save all 800 Hudbay jobs at risk in Flin Flon.
A helicopter view of a drill rig Far Resources is using to uncover lithium deposits. (Far Resources )
That’s where further exploration may come into play.
In addition to the play for lithium, Rockcliff Metals, a Toronto-based miner, is after a gold deposit in the region.
Toby Mayo, president and CEO of Far Resources, says there’s no
denying the demand for lithium can lift the fortunes of Snow Lake.
“There’s no reason why a huge number of additional discoveries can’t be made that will really put Snow Lake on the map — again.”
Hope during a downturn
Snow Lake has a storied mining history, but is subject to the whims of the industry’s cyclical nature.
Mayor Peter Roberts acknowledges his northern community may be
approaching a time when a stream of Flin Flon residents come to their
community to work, instead of a flow of citizens travelling in the
opposite direction.
He’s encouraged by any sign of drilling, but said he cannot hang his
hopes on firms which haven’t started mining yet. In the meantime, he’s
hopeful that Hudbay, still exploring in the region, can strike riches.
“As long as there is exploration, there’s always hope for a longer future,” he said.
In Manitoba, senior mining companies intended to spend $41.3 million
toward exploration in 2018, while junior miners invested $6.3 million
toward the same task, according to Natural Resources Canada figures.
Ken Klyne, president of the Manitoba Prospectors and Developers
Association, said provincial exploration can rise again by simplifying
the permitting process and reducing the need for onerous consultations.
Tags: lithium], stocks Posted in All Recent Posts, New Age Metals | Comments Off on New Age Metals Inc. $NAM.ca – Demand for lithium expected to put a charge in Manitoba’s mining sector $GLEN $LIC.ca $LIX.ca
Posted by AGORACOM-JC
at 9:59 AM on Tuesday, January 15th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
————————
HSBC suggests it might have found a… use for blockchain?
HSBC claims to have settled three million foreign exchange (FX) transactions and made payments worth $250,000 using distributed ledger technology (DLT).
The bank said it had made “significant efficiencies” while using its DLT product, HSBC FX Everywhere, for the past year – suggesting the risk-averse financial sector is treating blockchain technology as a legitimate biz tool.
Says it used tech to settle 3 million forex transactions, $250k in payments last year
HSBC claims to have settled three million foreign exchange (FX)
transactions and made payments worth $250,000 using distributed ledger
technology (DLT).
The bank said it had made “significant efficiencies” while using its
DLT product, HSBC FX Everywhere, for the past year – suggesting the
risk-averse financial sector is treating blockchain technology as a
legitimate biz tool.
In a statement, the bank revealed it had been using a
share-permissioned ledger for payments on its internal balance sheets.
“It transforms the process around intra-company foreign exchange
activity, automating several manual procedures and reducing reliance on
external settlement networks.”
The DLT was used for 3 million FX transactions and 150,000 payments,
which HSBC admitted was a small proportion when compared with
traditional processes.
The much-hyped technology has long been criticised by observers who
see it as a solution in search of a problem, as over-eager vendors stick
the buzzword on everything they can.
A recent study
of its use in the international development sector found no evidence of
success – rather just “a proliferation of press releases, white papers,
and persuasively written articles”.
Up until now, the most common example of a practical use of
blockchain – where it was being used to solve a problem in a way other
tech couldn’t – has been in supply chain management, although such
deployments haven’t been a raging success for a variety of reasons.
HSBC’s announcement, which discusses three main benefits for its use
in FX trading, is also notable because risk-averse financial
institutions are typically regarded as being less keen on untested
emerging technologies.
But the bank’s interim global head of FX and commodities, Richard
Bibbey, said that it was now looking into using DLT to help
multinational clients with multiple treasury centres and cross-border
supply chains to “better manage foreign exchange flows within their
organisations”.
In listing the benefits, HSBC said the singularity, transparency and
immutability provided by DLT created a “shared, single version of the
truth of intra-company trades” from execution to settlement, reducing
“risk of discrepancy and delay”.
Meanwhile, confirmation and settlement can be automated by matching
and netting transactions – reducing costs and reliance on external
settlement network – and a consolidated, global view of cash flows and
certainty of funds “supports greater balance sheet optimisation”. ®
Posted by AGORACOM-JC
at 9:20 AM on Tuesday, January 15th, 2019
Hole CR-18-659 returned a very impressive 74.23 g/t Au over 2.0 metres, including 139.50 g/t Au over 1.0 metre.
This intersection is just below the historic 500-foot level drift, 150 metres below surface, and is 30 metres east and 30 metres down dip from two planned stopes, with no other holes between the stopes and this hole
Continuous positive assay results from initial drilling program on the Croinor Gold deposit
The results obtained from the initial program warranted additional
drilling on Croinor Gold. Drilling continued with one rig on the
property and a second drill was added on September 17,
allowing Monarques to drill an additional 6,645 metres before the winter
freeze. The results of the additional drilling will be released soon.
Hole CR-18-659 returned a very impressive 74.23 g/t Au over 2.0
metres, including 139.50 g/t Au over 1.0 metre. This intersection is
just below the historic 500-foot level drift, 150 metres below surface,
and is 30 metres east and 30 metres down dip from two planned stopes,
with no other holes between the stopes and this hole. This hole has the
potential to connect the two stopes and could substantially increase the
tonnage and grade of the resource at the 500-foot level.
Like Hole CR-18-659, Hole CR-18-660 is also an infill hole drilled
between two planned stopes that are 60 metres apart. Hole CR-18-660
returned values of 7.77 g/t Au over 2.1 metres, including 11.05 g/t Au
over 1.1 metres. This hole also connects the two stopes, increasing the
grade and tonnage in this part of the mine. This intersection is 80
metres below the surface and is just below the 250-foot level of the old
workings.
Hole CR-18-662 was drilled between four planned stopes and returned
values of 5.55 g/t Au over 2.5 metres, including 6.74 g/t Au over 1.3
metres just below the 250-foot level, 90 metres below surface. This hole
could connect the four stopes together, again increasing the grade and
tonnage in this area of the mine.
Hole CR-18-663 was drilled in the eastern part of the deposit. This
hole intersected two zones, the first on the 250-foot level and the
second below the 500-foot level. The first zone returned 4.69 g/t Au
over 20.9 metres, including 10.38 g/t Au over 1.6 metres and 10.71 g/t
Au over 1.9 metres. The hole was drilled east of the most easterly
planned stope, thereby enlarging the width of the stope eastward by
nearly 20 metres; most planned stopes at Croinor Gold are two metres
wide. The second zone is below the historic workings, 215 metres below
surface, and returned 13.85 g/t Au over 1.0 metre. This hole was drilled
between two holes drilled in 2011: the hole to the west is 43 metres
away and returned 3.26 g/t Au over 0.9 metre and the hole to the east is
75 metres away and returned 1.81 g/t Au over 1.0 metre. These values
show that the deposit is still open to the east, to the west and at
depth, and that this area merits further drilling.
Holes CR-18-664 and CR-18-665 are exploration holes drilled
approximately three kilometres to the west of the Croinor Gold deposit
in volcanic rocks and another narrow diorite sill. Both holes
encountered visible gold, but only Hole CR-18-665 showed significant
values, returning 12.20 g/t Au over 0.5 metre. An intersection with
visible gold in Hole CR-18-664 returned 0.76 g/t Au over half a metre.
These are encouraging results for pure exploration holes in an area that
has never been drilled. Follow-up drilling has been done between these
holes and assays will be released soon.
Holes CR-18-666 through CR-18-670 are exploration holes that were drilled to test induced polarization anomalies.
“These impressive results from the infilling diamond drilling phase
of the program demonstrate that the Croinor Gold deposit has room to
grow the resource even more, at depth and within the deposit itself,”
said Jean-Marc Lacoste, President and Chief Executive
Officer of Monarques. “The goal of the additional 6,645-metre drilling
program, which was completed before the winter freeze, was to increase
the tonnage of the Croinor Gold deposit, as well as to drill around the
periphery of the deposit to follow up on positive assay results to
extend the resource to the west, where it is still open. We should be
able to release the results of the additional drilling in the coming
weeks.”
Last set of results from the Croinor Gold initial drilling program
Hole
Length
From
To
Width*
Grade
Area
Number
(m)
(m)
(m)
(m)
(g/t Au)
Targeted
CR-18-659
232
138.3
139.0
0.7
4.08
Deposit
163.4
165.4
2.0
74.23
Including
164.4
165.4
1.0
139.50
CR-18-660
214
91.2
92.2
1.0
3.27
Deposit
99.0
101.1
2.1
7.77
Including
100.0
101.1
1.1
11.05
CR-18-661
232
104.7
105.9
1.2
2.57
Deposit
CR-18-662
280
3.1
3.6
0.5
4.05
Deposit
100.3
102.8
2.5
5.55
Including
101.5
102.8
1.3
6.74
111.3
112.2
0.9
4.59
CR-18-663**
331
113.1
114.0
0.9
8.75
Deposit
136.0
156.9
20.9
4.69
Including
136.0
142.0
6.0
7.54
Including
149.4
151.0
1.6
10.38
Including
155.0
156.9
1.9
10.71
268.0
270.0
2.0
6.57
275.0
276.0
1.0
13.85
CR-18-664
250
157.2
158.2
1.0
2.12
Exploration
224.2
224.7
0.5
0.76
CR-18-665
250
110.9
111.4
0.5
12.20
Exploration
CR-18-666***
151
13.8
15.2
1.4
0.01
Exploration
CR-18-667
304
No significant values
Exploration
CR-18-668
301
88.0
89.0
1.0
0.25
Exploration
CR-18-669
304
95.0
96.0
1.0
0.23
Exploration
CR-18-670
301
193.7
195.0
1.3
0.27
Exploration
CR-18-671
364
228.0
229.1
1.1
6.47
Deposit
*The width shown is the core length. True width is estimated to be 90-95% of the core length.
**Hole CR-18-663 was drilled down dip, parallel to the diorite,
to test for the presence of multiple directions of quartz veining. The
width shown is the core length. True width is estimated to be 30-35% of
the core length.
***Hole CR-18-666 is a vertical hole, to test the presence of
an interpreted flat-lying vein. The width shown is the core length. True
width is estimated to be 90-95% of the core length.
The Croinor Gold deposit is hosted in a sheared diorite sill three
kilometres long by 60-120 metres wide, striking 295 degrees north and
dipping 50-65 degrees to the north. The mineralization is associated
with pyrite found within and adjacent to quartz-tourmaline veins.
Sampling normally consists of sawing the core into equal halves along
its main axis and shipping one of the halves to the ALS Minerals
laboratory in Val-d’Or, Quebec for assaying. The samples
are crushed, pulverized and assayed by fire assay, with atomic
absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the
gravity method, and samples containing visible gold grains are assayed
using the metallic sieve method. Monarques uses a comprehensive QA/QC
protocol, including the insertion of standards, blanks and duplicates.
The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corporation (TSX: MQR) is an emerging gold mining
company focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map),
including the Wasamac deposit (measured and indicated resource of 2.6
million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson
advanced projects and the Camflo and Beacon mills, as well as other
promising exploration projects. It also offers custom milling services
out of its 1,600 tonne-per-day Camflo mill.
Forward-Looking Statements The forward-looking
statements in this press release involve known and unknown risks,
uncertainties and other factors that may cause Monarques’ actual
results, performance and achievements to be materially different from
the results, performance or achievements expressed or implied therein.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX accepts responsibility for the
adequacy or accuracy of this press release.
Tags: gold Posted in Monarques Gold | Comments Off on Monarques Gold $MQR.ca Intersects 74.23 g/t Au Over 2.0 Metres and 13.85 g/t Au Over 1.0 Metre at its Croinor Gold Project $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
