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KWG Retains CANARAIL $KWG.ca

Posted by AGORACOM-JC at 10:36 AM on Wednesday, July 27th, 2016

Kwglarge

  • Engaged CANARAIL Consultants Inc.
  • Providing specialized services and data that will be required of KWG for completion of a rail feasibility study for the Ring of Fire project

TORONTO, ONTARIO–(July 27, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) is pleased to announce that it has engaged CANARAIL Consultants Inc. to provide the specialized professional services and data that will be required of KWG as the client, for the completion of a rail feasibility study for the Ring of Fire project proposed by China Railway First Survey & Design Institute Group Co. Ltd. (‘FSDI’) as the contractor.

“CANARAIL benefits from the unique expertise that it has gained in providing similar services to other mining interests either here in Canada or abroad”, said KWG President Frank Smeenk. “CANARAIL’s knowledge of current materials and services pricing in Canada plus what it takes to design and build a mining railway while complying with local environmental, social and other applicable standards will prove to be of great assistance in facilitating and expediting completion of the feasibility study proposed by FSDI.”

About CANARAIL:

Founded in 1991 and based in Montreal (QC), CANARAIL is a Quebec-based rail consulting and engineering firm that specializes in mining, heavy haul freight, and urban domains. CANARAIL is known for its expertise in feasibility studies, consulting, detailed design, and the supervision of construction of major projects across all components of a railway project: infrastructure, rolling stock, systems, operations, etc. Over the last 25 years, CANARAIL has participated in over 800 projects in Canada, the Middle East, Asia, Africa, North America, Australia, Europe, and Latin America (see: www.canarail.com). Among its accomplishments:

  • Eastern Canada: Feasibility Study for a 330km multi-user mining railway in Northern Quebec (Plan Nord)
  • Western Canada: Refurbishing of the GoldLeaf cars of the Rocky Mountaineer fleet
  • Saudi Arabia: Feasibility study, engineering and supervision of the construction of a new 2400 km rail link: North South Railway
  • Afghanistan: Feasibility study for a new 600 km rail link in the northern part of Afghanistan
  • East Africa: Feasibility study for the improvement of the accessibility of rail services in Rwanda, Burundi and Tanzania
  • Bangladesh: Feasibility study of seven different railway projects to improve the Trans-Asia connectivity

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

Posted by AGORACOM-JC at 8:09 AM on Wednesday, July 27th, 2016
  • Tesla officially opened its Gigafactory on Tuesday
  • Could nearly double the world’s production of lithium-ion batteries.
  • Factory is about 14 percent complete
  • When finished, it will be about 10 million square feet, or about the size of 262 NFL football fields

Sparks, Nev. (AP) — It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batteries.

Tesla officially opened its Gigafactory on Tuesday, a little more than two years after construction began. The factory is about 14 percent complete, but when it’s finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. That will make it one of the largest buildings in the world.

The factory is key to the future of Palo Alto, California-based Tesla. The 13-year-old electric car company, which has never made a full-year profit, wants to transition from a niche maker of luxury vehicles to a full-line maker of affordable cars, pickups and even semi-trucks. It also runs Tesla Powerwall, a solar energy storage business for homes and businesses.

The company says making its own lithium-ion batteries at the scale the Gigafactory will allow will reduce its battery costs by more than a third by 2018. Tesla CEO Elon Musk said the factory could easily employ 10,000 people in the next three to four years.

An inside view of the Tesla Gigafactory. g
An inside view of the Tesla Gigafactory. g
Photographer: Troy Harvey/Bloomber

Most immediately, Tesla needs the batteries for its fourth car, the Model 3 sedan, which is scheduled to go on sale at the end of next year. At a starting price of around $35,000, the Model 3 will be Tesla’s least expensive vehicle, partly because of battery cost reductions. The batteries for Tesla’s current vehicles, the Model S sedan and Model X SUV, are made in Japan.

Tesla unveiled the Model 3 at the end of March. Within a week, more than 325,000 people had put down a $1,000 deposit to reserve the car. After seeing that level of demand, Tesla moved its production plans forward. The company now says it will make 500,000 vehicles per year by 2018, two years earlier than scheduled.

To meet that goal, Gigafactory construction is proceeding at a furious pace. Inside the factory, Tesla’s partner, Panasonic Corp. — which has invested $1.6 billion into the factory — is installing machines in sealed, humidity-controlled rooms that will start making battery cells before the end of this year.

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Panasonic is also shipping cells from Japan to the Powerwall business, which is operating in another section of the factory. Robots are used to place battery packs into home and office units, which store energy from solar panels and allow users to tap it during peak periods. Musk said the Powerwall business will initially make up about one-third of the Gigafactory’s output, but eventually could expand to around half.

Outside, nearly 1,000 workers are laying the groundwork for the factory’s expansion, digging trenches and erecting steel supports in the hot, dusty valley. By the second quarter of 2017, 31 percent of the factory will be completed. Eventually, the roof will be covered in solar panels.

Musk noted that some of the area’s 10,000 wild horses often drink from the ponds at the construction site. Nevada won the factory thanks in part to $1.3 billion in tax incentives, which will benefit Tesla over a 20-year period.

“I find this to be quite romantic,” he said. “It feels like the wild West.”

The factory’s name stems from “giga,” a unit of measurement that represents billions. One gigawatt hour is the equivalent of generating one billion watts for one hour — one million times that of one kilowatt hour.

Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018. That’s the equivalent to the entire world’s production in 2014. Tesla CEO Elon Musk has said the factory has the capacity to produce 150 gigawatt hours if it needs to. To put that in context, New York City uses around 52 gigawatt hours of energy per year.

Analysts say bringing battery production in-house, instead of buying batteries like General Motors Co. and other major automakers do, can help bring down costs, but also leaves Tesla exposed. If the Model 3 is delayed, for example, or customers’ deposits don’t turn into actual sales, Tesla will have extra batteries on its hands and no way to recoup its costs.

“They could be left with a lot of excess capacity in the near term,” said Sam Abuelsamid, an analyst with Navigant Research. Abuelsamid says there’s also the possibility that advances in battery technology in the longer term could force Tesla to make expensive new investments.

There are also competitors who could derail Tesla’s dreams. Chinese automaker BYD Co., which is backed by Warren Buffett’s Berkshire Hathaway Corp., also makes batteries and energy storage systems and is already building battery-powered buses in the U.S. The company hopes to bring low-cost electric cars to the U.S. in a few years.

Musk says there are still plenty of ways for Tesla to reduce costs, including making its factories more efficient and eventually building more battery factories in Europe, China and other regions where its cars are sold.

The company also is using a different type of battery cell in the Model 3 than it did in the Model S and Model X in an effort to reduce costs.

Source: http://www.bloomberg.com/news/articles/2016-07-26/tesla-opens-gigafactory-to-expand-battery-production-sales?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

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Posted in Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Posted by AGORACOM-JC at 5:21 PM on Tuesday, July 26th, 2016

TSX-V: BFF, (OTC Pink: SSMLF)

Why Lithium?

 

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

12 Month Stock Chart

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Durango Completes Sampling Program at Dianna Lake Silver Prospect $DGO.ca

Posted by AGORACOM-JC at 10:45 AM on Tuesday, July 26th, 2016

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  • Completed its sampling program at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan
  • Program was successful in its goal of identifying and sampling the historic pits, Pit #1, Pit #2, Pit #6, and Pit #7
  • Designated as high-priority targets due to their anomalously high silver and copper values

Vancouver, BC / July 26, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has completed its sampling program at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan.

The program was successful in its goal of identifying and sampling the historic pits, Pit #1, Pit #2, Pit #6, and Pit #7, which were designated as high-priority targets due to their anomalously high silver and copper values. The historical trench map illustrating these targets is shown below in Figure 1.

A total of 51 channel and grab samples were taken during the survey of the property. Samples have been sent to Activation Laboratories in Thunder Bay, Ontario for analysis and assay results are expected to be received within approximately two weeks.

Readers are directed to Durango’s news release dated July 13, 2016, for full details on the exploration plan and targets.

http://www.durangoresourcesinc.com/2016/07/13/durango-initiates-sampling-program-at-dianna-lake-silver-prospect-in-saskatchewan/

Marcy Kiesman, CEO of Durango stated, “Our team was prompt in identifying the historical workings at Dianna Lake and successfully mapped and sampled the high-grade historical pits referenced in our July 13 news release. We are looking forward to receiving assay results in the coming weeks, at which time we will provide a full summary and analysis of the Dianna Lake sampling program and outline the next phase of exploration at the project.”

Figure 1. Trench locations and historical assays


Click Image To View Full Size

Larger image available at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/

About the Dianna Lake Silver Prospect

Durango’s Dianna Lake Silver Prospect covers a historical area in which, from 1968 to 1969, two high-grade, primarily native silver-bearing exploration targets of between 30,000 and 50,000 tonnes grading five to 10 ounces per ton silver, approximately 600 metres apart, were determined by trench grab sample assays, according to a historical evaluation report composed for Comaplex Resources in 1980(1) *.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Additionally, the main silver-bearing zone is spatially associated with a large zone of low-grade, disseminated copper-silver mineralization in which “drilling of two IP anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton Ag and 0.4 per cent Cu” (undefined category historical resource estimate), according to the same report (1) **.

** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the issuer is not treating the historical estimate as current mineral resources or reserves. Further work must be carried out to verify all historical information before a resource estimate is possible.

Fourteen additional induced polarization anomalies in the historical exploration area surrounding Dianna Lake and the nearby Doug Lake remain yet undrilled, according to the Comaplex Resources report (1), four of which occur within the property boundary of Durango’s Dianna Lake silver project.

Previous work on the claims was reported in 1969, 1980 and 1998 and included diamond drill holes, trenches, and pits primarily across two zones where mineralization was identified at or near surface. One zone was reported to have five trenches exposing Ag-Cu mineralization over approximately 80 metres. Historical grab samples from Pit 1 of this zone included ounce-per-ton silver values of 2,458.4, 684.4, 647.4, 600.2, 464.2, and 454.8 ounces per ton Ag. Out of 18 grab samples, 13 samples assayed between 185.0 and 2,458.4 ounces per ton. Pit 2 grab samples returned reported highs of 298.0 and 197.0 ounce per ton Ag (out of seven samples ranging from 12.2 to 298.0 ounces per ton Ag) (1). (The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.)

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

References

  1. (1)”Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.” E.G. Kennedy, PEng, 1980.

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its website and its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither 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.

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New Lithium Discovery on property 2.5 km due West of Fairmont’s Rome Lithium Property $FMR.ca

Posted by AGORACOM-JC at 10:38 AM on Tuesday, July 26th, 2016

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FMR: TSX-V

Great news out this morning from Australia where Platypus Minerals announced the acquisition and discovery of a new lithium occurrence about 2.5 km due west of FMR’s Rome Lithium property (see map below, also attached as a pdf).

The full Platypus release is also attached with lots of photographs of the discovery mineralization.

FMR now has lithium occurrences/deposits due east, due west and due north of the Rome Property Sounth Block.

Hub On AGORACOM / Corporate Profile

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Explor Increases the Ogden Property $EXS.ca

Posted by AGORACOM-JC at 8:42 AM on Tuesday, July 26th, 2016

Exs_logo

  • Acquired 4 mining claims (24 mineral claim units) situated in the Porcupine mining division
  • Claims are continuous to the Ogden Property
  • Property will now consist of 13 mining claims (96 mineral claim units) covering 1,540 hectares situated in the Porcupine mining division

ROUYN-NORANDA, QUEBEC–(July 26, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 4 mining claims (24 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden and Prince Township, Ontario. These claims are continuous to the Ogden Property. With this acquisition, the Ogden property will now consist of 13 mining claims (96 mineral claim units) covering 1,540 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships.

Explor Resources Inc. will pay $3,000 CDN and issue 300,000 common shares to acquire a 100% interest in the additional claims of the Ogden Property. The optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

The Ogden Property is contiguous on the east side of the Timmins Porcupine West Property. The Timmins Porcupine West Project has as a structural target model, developed by Explor based on the location of “Hollinger-McIntyre-Coniaurum System mineralization”. The Hollinger Mine is located on the south side of the Pearl Lake Porphyry while the McIntyre Mine is located on the North side. The Coniaurum Mine was located on the east end of the Porphyry. Two major faults are located in proximity to the gold mines is this area. The Burrows Benedict fault is located to the east while the Porcupine Destor is located to the south. In the Timmins Porcupine West area, the Mattagami River fault is located to the east while the Porcupine Destor Fault is located to the south. The TPW has the Bristol Porphyry with mineralization located on both the North and South side of the Porphyry. Only the south side of the Porphyry has been significantly explored. It should be noted that the Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold and is spatially associated with the Pearl Lake Porphyry.

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 OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange 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, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Limited is currently conducting an exploration program as part of an earn-in on the TPW property. 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)
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.

Christian Dupont
President
888-997-4630 or 819-797-4630
819-797-6050
[email protected]
www.explorresources.com

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KWG AGM to Reconvene August 18, 2016; Blogger’s Social Media Claims Groundless $KWG.ca

Posted by AGORACOM-JC at 10:24 AM on Monday, July 25th, 2016

Kwglarge

  • Company’s management continues to seek proxies to be voted in favour of a Special Resolution when the meeting reconvenes

TORONTO, ONTARIO–(July 25, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) has fixed the date for the reconvening of its shareholders meeting which was adjourned last Thursday.

Adjourned Annual Meeting to reconvene Thursday August 18th

KWG announces that the Annual and Special General Meeting of its shareholders which was adjourned last Thursday, July 21st, 2016, will reconvene at the same venue: Norton Rose Fulbright Canada LLP, Suite 3800, Royal Bank Plaza, South Tower, 200 Bay Street, Toronto, Ontario, M5J 2Z4 at 11:00 o’clock Thursday morning, August 18th, 2016. The Company’s management continues to seek proxies to be voted in favour of a Special Resolution when the meeting reconvenes.

The Company’s two largest shareholders held the majority of 200 million shares voted against the resolution, while most of KWG’s numerous individual shareholders have thus far voted 315 million shares in favour. Management will seek to change voting instructions on existing proxies from being cast against to being voted in favour of the Special Resolution. Management will also seek additional proxies from those shareholders who have not yet voted to secure additional votes in favour of the Special Resolution, all in order to have the Special Resolution passed with a two-thirds majority, if possible. That would provide authority to create (by conversion of common shares for holders electing to do so) multiple voting shares exchangeable back and forth at any time and from time to time with common shares, by an amendment to the Company’s articles of incorporation, if necessary. The amendment of the articles of incorporation may not be necessary if other listing mechanisms or derivatives can be used instead. In that event, the demonstration of support by the majority of shareholders would prove compelling.

Breach of Confidentiality by ‘Goodheart’

Claims published by the blogger ‘Goodheart-r’ to the effect that KWG is in possession of material information that has not been timely disclosed, have no basis in fact.

To facilitate a comprehensive reconnaissance due diligence visit by eight professional railroad engineers employed by China Railway First Survey & Design Institute Group Company, Ltd. (‘FSDI”) in late April, KWG engaged the services of five individual professional translators who each were retained to accompany the group separately in various parts of the trip. One of these was able to provide translation services for us for meetings in Toronto, North Bay and Montreal because her spouse was available to drive her to these locations so as to be able to connect with the group upon their arrival. While she has maintained the confidentiality of these engagements, he has not and it appears his motives were in fact to try to obtain inside information with which to enhance his stature and currency in his social media circles. However, the suggestions he has published about what KWG and FSDI have agreed to are untrue and a source of regret and embarrassment for KWG and its management.

There has been ongoing communication between the parties since the reconnaissance trip, under the aegis of the Memorandum of Understanding signed by FSDI and KWG and announced on January 19th, 2016. Should the continuing communications and negotiations culminate into one or more additional agreements to supersede the Memorandum of Understanding, the parties will make timely disclosure of such material information at such time. Neither the translator nor her spouse has been a party to any of these subsequent and substantive communications.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Shares issued and outstanding: 961,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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Uragold Bay Resources Inc. has changed its name to HPQ-Silicon Resources Inc. $HPQ.ca

Posted by AGORACOM-JC at 8:23 AM on Monday, July 25th, 2016

Hpq_large

Uragold Bay Resources Inc. has changed its name to HPQ-Silicon Resources Inc. There is no consolidation of capital.

Effective at the opening on Monday, July 25, 2016, the common shares of HPQ-Silicon will commence trading on the TSX Venture Exchange and the common shares of Uragold Bay will be delisted. The company is classified as a mining support issuer.

Capitalization: unlimited number of common shares with no par value of which 133,956,519 common shares are issued and outstanding

Transfer agent: Computershare Investor Services Inc., Montreal and Toronto

Old symbol: UBR

New symbol: HPQ

New Cusip No.: 40444R100

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CLIENT FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 5:47 PM on Friday, July 22nd, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

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INTERVIEW: Namaste Discusses Accretive Acquisition of VaporSeller Bringing Company’s Revenue Run Rate to $5.8M USD $N.ca

Posted by AGORACOM-JC at 3:36 PM on Friday, July 22nd, 2016

Namaste Technologies is a fast growing, revenue generating company that is emerging as a leader in the global trend towards “vaping”. If you’re an investor that doesn’t know what vaping is, you’re about to learn something incredibly important. Hint, it is not to be confused with e-cigs.

Hub On AGORACOM / Corporate Profile / Watch Interview!

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