(NAM:TSXV)
River Valley PGM Project
Largest Undeveloped Primary PGM Deposit in Canada
Online Wagering Platform for the Future of Competitive Gaming
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August 22nd, 2017 / Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F). The Company is pleased to appoint Mr. Alan King to assist NAM with a detailed geophysical interpretation of our new geophysical information acquired recently from Abitibi Geophysics, as well as combining all historical geophysical information from its vast historical database and deriving new targets for future drilling.
The Chairman and CEO Harry Barr stated; “The Board of Directors and management are very fortunate to have Alan king assist in the company’s geophysics program. His reputation in the industry speaks for itself”.
Alan received a B.Sc. in geology from the University of Toronto in 1976 and an M.Sc. in geophysics from Macquarie University in 1989. From 1976 to 1990 he worked as a geophysicist in exploration and resource development in Canada and Australasia. From 1990 to 2012 he was employed by Inco /Vale as a senior geophysicist and then as Manager of Geophysics with responsibility for global exploration. As Chief Geophysicist for Vale Global Exploration Alan worked on geophysical applications for base metals, iron, manganese, coal and fertilizers (potash and phosphate) as well as target generation using regional and global data sets.
Alan is currently working as a consultant with his own company Geoscience North.
His professional interests include the use of geophysics, new technology (and ideas) and data integration in exploration, mining, environmental, geotechnical and other applications.
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). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes, equating to 2,463,000 ounces PGM plus Gold. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion. Currently the company has completed new ground geophysics and is in the middle of a drill program focused on the Pine and Dana North Zones.
In 2016, the company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project’s mineralized strike length.
ABOUT NAM’S LITHIUM DIVISION
The Company has several hard rock Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li Division.
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.
ESCONDIDO, CA–(Aug 22, 2017) – MARIJUANA COMPANY OF AMERICA, INC. (“MCOA” or the “Company“) (OTC: MCOA), an innovative cannabis and hemp marketing company, is pleased to announce that it has retained Craig A. Brand, Esq., The Brand Law Firm P.A. (TBLF), and his cannabis consulting team to provide specialized legal support.
The Brand Law Firm, P.A. is a specialized law firm focused on complex business, banking and investments in the cannabis and hemp industry with national and international clients spanning across all sectors of the industry. From cultivation and extraction to landlords, dispensaries, product development, taxation and banking to compliance and more, TBLF provides industry expertise and is a leading source of knowledge, skill and experience in the cannabis and hemp industries. The Brand Law Firm and its legal, affiliate and consulting teams have more than 75 years of defense and industry experience, training and knowledge.
Craig A. Brand, Esq. and TBLF will provide MCOA with legal support in the areas of general corporate compliance, cannabis and hemp related matters regarding licensing, applications import/export, state, national and international government relations, regulatory analysis and compliance, securities, taxation, product and brand development, as well as introductions to the top product and service providers in the industry.
“We are very fortunate to have an attorney like Craig Brand and his team at The Brand Law Firm advising the Company in all legal matters. Having an experienced legal team led by Craig to guide us will give our Company team confidence in knowing we will always be compliant,” said CEO Donald Steinberg.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
agoracom.com/ir/MarijuanaCompanyofAmerica
Contact:
Marijuana Company of America, Inc.
Investor Relations
1+(888)-777-4362
[email protected]
ROUYN-NORANDA, QUEBEC–(Aug. 18, 2017) – Explor Resources Inc. (“Explor” or the “Corporation”) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the results of 8 drill holes being the next series of holes on the diamond drilling program. This program consisted of the extension of 5 previously drilled holes and the completion of 3 new Diamond Drill Holes. Holes #TPW-17-101EX, #TPW-17-102EX, #17-103EX, #TPW-17-104EX and #TPW-17-109 were extended to test the theory that Shear Zone #5 extended across the property. New Holes #TPW-17-124, #TPW-17-125 and #TPW-17-127 were drilled and are reported in this press release.
The attached DDH and Open Pit Plan view show the location of the three potential Open Pit areas that are located over an 1800 meter strike length and 250 meters of depth. The recently completed Diamond Drilling Program was concentrated in the eastern end in proximity to and in Area “B” in order to increase the near surface resource and connect the eastern portion of the potential open pit areas.
Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We continue to be extremely pleased and encouraged by these excellent drill results. The fact that Explor continued to intersect near surface gold mineralization in area “B” continue to confirm existence of a near surface open pit gold resource that extends over a strike length of 1800 meters.”
It is important to note that the strike length of the gold mineralization is greater than 2000 meters at depth. The continuity of mineralization continues to be confirmed, and the structure remains open on strike and at depth. Explor has intersected gold mineralization in 121 out of 126 holes drilled to date and 64 out of 65 wedges. The Diamond drill Program recently completed was designed to test the continuity of the near surface gold mineralization as it relates to a potential open pit and to test the interpretation that Shear Zone #5 extends from the west deep high grade zone to the lower grade near surface gold bearing zone.
A total of 3163.4 meters were drilled to expand and update the open pit potential of the TPW property of Explor Resources by intersecting North-east-South-west trending Shear Zone #5 that was originally discovered in Hole #TPW-13-101 completed in the 2013 drill program.
The drill program was successful in intersecting Shear Zone #5 in four (4) holes with 14 gold values as well as intersecting an additional 14 gold values from 3 holes drilled in previously untested areas of the mineralized strike length. The addition of 28 gold values ranging from 1.06 to 7.3 g/t Au over 1.5 meters within the proposed open pit area clearly shows the extent and potential of this zone.
In summary, holes #TPW-17-101EX, #TPW-17-102-EX, #TPW-17-103EX and #TPW-17-104EX intercepted Shear Zone #5 with 14 gold values ranging from 1.06 to 7.3 g/t gold over 1.5 meters. As well, new fill in holes #TPW-17-124, #TPW-17-125 and #TPW-17-127 in Area “B” intersected 14 gold values from 1.1 to 5.1 g/t Au over 1.5 meters, mostly from east-west trending Shear Zones #1 to #4.
More importantly, Holes TPW-17-101EX, TPW-17-102EX and TPW-17-104EX intercepted gold values from a previously undetected east-west trending shear which has now been interpreted as Shear Zone # 6.
The spring 2017 drill program to increase the potential of the proposed open pit on the TPW property of Explor Resources was successful as it:
The results are as follows:
| Hole # | From | To | Interval | Gold | |||
| (m) | (m) | (m) | (ft) | (g/tonne) | (oz/ton) | ||
| Hole #101EX | 501.0 | 502.5 | 1.50 | 4.92 | 7.370 | 0.261 | |
| 601.5 | 606.0 | 4.50 | 14.76 | 1.143 | 0.041 | ||
| Hole #102EX | 470.0 | 471.0 | 1.00 | 3.28 | 1.451 | 0.051 | |
| 514.4 | 516.0 | 1.50 | 4.92 | 1.510 | 0.054 | ||
| 537.0 | 541.5 | 4.50 | 14.76 | 1.873 | 0.066 | ||
| 555.0 | 556.5 | 1.50 | 4.92 | 4.830 | 0.171 | ||
| Hole #103EX | 553.0 | 556.5 | 4.50 | 14.76 | 1.875 | 0.066 | |
| 559.5 | 561.0 | 1.50 | 4.92 | 2.500 | 0.089 | ||
| Hole #104EX | 568.5 | 570.0 | 1.50 | 4.92 | 1.820 | 0.065 | |
| 595.5 | 597.0 | 1.50 | 4.92 | 2.060 | 0.073 | ||
| Hole #109EX | Nothing of significant value | ||||||
| Hole #124 | 97.5 | 99.0 | 1.50 | 4.92 | 4.940 | 0.175 | |
| 154.5 | 156.0 | 1.50 | 4.92 | 1.294 | 0.046 | ||
| 220.5 | 222.0 | 1.50 | 4.92 | 1.096 | 0.039 | ||
| 406.5 | 408.0 | 1.50 | 4.92 | 2.670 | 0.095 | ||
| 436.5 | 438.0 | 1.50 | 4.92 | 5.040 | 0.179 | ||
| 459.9 | 460.9 | 1.50 | 4.92 | 3.260 | 0.116 | ||
| Hole #125 | 383.5 | 384.5 | 1.00 | 3.28 | 5.110 | 0.181 | |
| 409.5 | 411.0 | 1.50 | 4.92 | 1.300 | 0.046 | ||
| Hole #127 | 199.5 | 201.0 | 1.50 | 4.92 | 2.060 | 0.073 | |
| 205.5 | 210.0 | 4.50 | 14.76 | 2.393 | 0.085 | ||
| 217.0 | 218.0 | 1.50 | 4.92 | 1.076 | 0.030 | ||
| 231.0 | 232.5 | 1.50 | 4.92 | 1.200 | 0.035 | ||
| 241.5 | 244.5 | 3.00 | 9.84 | 1.885 | 0.067 | ||
| 246.0 | 247.5 | 1.50 | 4.92 | 1.100 | 0.039 | ||
Assays are conducted on NQ sized half core sections. The diamond drill core is logged and sampled following general industry practices whereby logged and sample marked core is sawn in half, with one-half bagged and tagged for shipment to the assay laboratory and the remaining half of the sawn core returned to the core box for storage and future reference. Blanks and assay standards are inserted at regular intervals in each sample batch. Assays are conducted using a standard fire assay technique on a 30 gram sample with a gravimetric finish by Laboratoire Expert Inc., of Rouyn-Noranda, Quebec. Routine duplicates are completed by Laboratoire Expert inc. and Pulps and rejects are returned and stored in secure containers. Intersections are reported using drilled widths unless specified otherwise, with assay values as simple averages of duplicates and gravimetric results.
The mineralization on the south limb strikes Northeast -Southwest and dips to the north at 70 to 80 degrees. The drilling confirms the association of gold mineralization with Quartz feldspar (QFP) and syenite porphyry, found on both the Lakeshore and West Timmins Properties currently owned by Tahoe. The larger zones of mineralization display a strong spatial relationship with proximity to syenite intrusive rocks and high Fe-tholeitic volcanic rocks. The 3D Geological Model may be viewed on our website: www.explorresources.com.
Explor is focused on developing a mineable resource based on the drill results that have been obtained to date. A NI 43-101 technical report has been completed by P & E Mining Consultants of Brampton, Ontario (Press Release dated August 27, 2013).
The results of Explor’s drilling have been incorporated into the Timmins Porcupine West Exploration Video which is available for viewing on the website. The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” To date, Explor’s drill program has confirmed the idealized Hollinger-McIntyre-Coniaurum (HMC) isometric model. The HMC system has produced a total of over 30 million oz of gold and is spatially associated with the Pearl Lake Porphyry.
The Timmins Porcupine West Gold Property consists of 185 unpatented mining units and 3 patented claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3,200 hectares. The property is contiguous with Lakeshore Gold West Timmins Mine. Highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east.
The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 meters long and 45 meters wide and is open below 350 meters of vertical depth. The drill program on the Timmins Porcupine West Property is on- going.
Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).
This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:
| Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows: | ||
| Indicated: | 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)Â | |
| Inferred: | 77,000 oz (1,140,000 tonnes at 2.09 g/t Au) | |
| Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows: | ||
| Indicated: | 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) | |
| Inferred: | 393,000 oz (5,185,000 tonnes at 2.36 g/t Au) | |
This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
To view the maps associated with this press release, please visit the following link: http://media3.marketwire.com/docs/170818_EXS_Maps_eng.pdf
Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com