(NAM:TSXV)
River Valley PGM Project
Largest Undeveloped Primary PGM Deposit in Canada
Online Wagering Platform for the Future of Competitive Gaming
Why Esports Entertainment Group?
“There is no other way to say it … Esports Entertainment Group represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder
“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.†Forbes Magazine
Things You Need To Know:
Who is Esports Entertainment Group?
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
Gold for December delivery GCZ7, +0.60%  gained $8.60, or 0.7%, at $1,301.90 an ounce, marking the highest level for a most-active contract since Nov. 4, according to FactSet data. The yellow metal also is on pace for a weekly gain of about 0.5% based on last Friday’s closing level.
Meanwhile, September silver SIU7, +0.25% Â also rose, picking up 12 cents, or 0.7%, at $17.170 an ounce, on track for a weekly gain of about 0.6% and its highest closing level since around June.
A flight to assets perceived as safe has been underpinned by Thursday’s selloff in equities, highlighted by the worst downdraft for the Dow Jones Industrial Average DJIA, -0.28% and S&P 500 index SPX, -0.16%  since May 17.
Selling accelerated on Thursday, and threatened to continue to undercut sentiment on Friday, after a van plowed into crowds in one of Barcelona’s tourist venues, killing at least 13 people and injuring scores. Islamic State has claimed responsibility for the terror attack.
So-called risk assets, like stocks, had been riding higher drawing concerns that equities have become too richly priced making them vulnerable to a sharp slide after a run of repeated records and an erosion of confidence in Trump’s ability to enact policies that would help to boost the U.S. economy.
Markets were roiled Wednesday by unfounded rumors that presidential economic adviser Gary Cohn, a former Goldman Sachs executive, was set to resign his post as White House economic adviser in response to the president’s reaction to a white-supremacist rally that left one woman, Heather Heyer, dead. Trump’s response to the rally has caused a furor among business leaders.
That political turmoil has thrown into question Trump’s ability to follow through on campaign promises, including pledges on deregulation, tax cuts and a boost to infrastructure spending that had helped propel risk assets higher and gold lower.
However, mounting headwinds in the stock market have provided a path for gold and Treasury notes to climb higher.
The 10-year Treasury note TMUBMUSD10Y, -0.60% Â was recently yielding 2.19%, compared with about 2.24% at the start of the week. Bond prices move inversely to yields.
Lower bond yields can help to support buying of precious metals, which don’t offer a yield.
Weakness in the U.S. dollar, buffeted by the trove of risk factors, including concerns that the Federal Reserve will be hesitant to lift interest rates further this year, also has helped to lift gold’s price. The ICE U.S. Dollar Index DXY, -0.24% which measures the buck against six rival currencies, was off 0.1% and down on the day, although it has climbed 0.5% this week.
A softer dollar makes purchasing assets priced in the currency more attractive to buyers using weaker monetary units.
In exchange-traded funds, SPDR Gold Shares GLD, +0.45% Â was up 0.5%, the miner-focused VanEck Vectors Gold Miners ETF GDX, +1.24% gained 1% and iShares Silver Trust SLV, +0.25% Â was trading 0.7% higher.
Source: http://www.marketwatch.com/story/gold-retakes-1300-level-for-first-time-in-9-months-2017-08-18?siteid=
Nielsen developed Esport24, a syndicated sponsorship tracking service for esports tournaments. The service measures brand exposure in esports tournaments representing a variety of titles, event formats and geographic locations based on the same methodology that allows traditional sports rights holders and brands to quantify value and benchmark performance.
Nielsen has created an esports advisory board of industry stakeholders who will provide insight to help shape the future of esports audience measurement and valuation. ESL, ESPN, Facebook, FIFA, Major League Gaming/Activision Blizzard, NBA 2K League, The Next Level, Sony PlayStation, Turner, Twitch, Twitter, Unilever, and Google YouTube are all part of the board.
“The global, digital and young nature of esports fan base audience represents advertising’s most highly sought after segment, yet consistent and high quality data has been a challenge to measure and define,†said Craig Levine, CEO of North America, ESL. “As ESL has been pioneering esports for the past 15 years, we have witnessed the incredible growth and enthusiasm of our audience.
“We’re excited to partner with Nielsen and other industry leaders to guide the framework to measure esports sponsorships, shape the industry, and help further accelerate the esports industry overall.â€
Nielsen is one of top market research firms that measure the TV and media business.
Stephen Master and Nicole Pike will-lead the global Nielsen Esports business.
Source: http://nationalpost.com/pmn/entertainment-pmn/nielsen-count-measuring-value-of-esports-tournaments/wcm/7ab5e381-753b-447e-946f-c12fbb83b3b6
August 17th, 2017 / Vancouver, Canada – New Age Metals Inc. (TSXV: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the 2017 Drill Program is at the midway point in the planned program on the Dana North (T3) and Pine Zone at the River Valley PGM Project, approximately 100 kilometers east of Sudbury, Ontario. The Induced Polarization (IP) geophysical survey and borehole geophysics was completed by Abitibi Geophysics and a final report has been completed. The first portion of the drill program was concentrated on follow-up drill testing of the 2015-2016 PGM mineralization at the Pine Zone. Drilling will now focus on the geophysical interpretation from the recently completed IP Survey.
The Pine Zone is one of numerous prospective PGM zones (Figure 2) within the district-scale River Valley PGM Project and was recently drilled in the fall of 2016 (press release December 13, 2016). The 2016 drill program confirmed the higher-grade, near-surface PGM discovery made in the 2015 drill program (press release March 11, 2015), and highlighted the continuity of the mineralization for 200 metres along strike and 100-200 metres depth at the Pine Zone. The Pine Zone remains open along strike and at depth. The recent drill program (Figure 1) has completed 6 follow-up holes on this zone. Approximately 5000 meters (16,500 feet) of drilling is planned for the present drill program. The first batch of assays has been sent to the laboratory and results are expected in the next few weeks. The second batch of assays is scheduled to be sent to the laboratory after the next drill hole.
The surface IP geophysical survey was designed to test the eastward and southward extension and dip/plunge of the Pine Zone, as well as the adjacent Dana North Zone (Figure 1). The extension of the IP survey tested the Banshee Zone. Initial interpretations are complete and the final report has been completed. Several new targets from the geophysics have been identified and are planned for drill testing.
Click Image To View Full Size
Figure 1. Zoom in of the Pine Zone and Present Area of Drilling
This present exploration activity of drilling and geophysics is geared to establish the resource base for a Preliminary Economic Assessment (PEA) Report which the company plans to complete before the end of 2018.
To date (not including the present drill program) approximately 671 holes (152,394 metres) have been conducted by the company and its past major joint venture partners to test the PGM mineralization extents of the River Valley Intrusion. As well, several 43-101 complaint resource estimates have been generated. The River Valley Deposit is the Largest Undeveloped Primary PGM resource in Canada, with 2.5M oz PGM, in Measured Plus Indicated mineral resources and near-surface mineralization covering over 16kms of continuous strike length and open at depth.
Click Image To View Full Size
Figure 2. Property scale geological map showing the location of the Pine Zone discovery relative to the Dana North Zone immediately to the west, and the Pardo Zone 2 km to the northeast. Note the apparent dextral sense of offset of the River Valley PGM deposit (red) across the Grenville Front Tectonic Zone.
Click Image To View Full Size
Figure 3. Location of NAM’s 100% owned River Valley PGM Project.
The Company will continue to update investors as the drill results are received.
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 @ 0.58 g/t* Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus Gold. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion, and geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.
In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project’s mineralized strike length to the southern portion of the intrusion.
ABOUT NAM’S LITHIUM DIVISION
The Company has five pegmatite hosted 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.
QUALIFIED PERSON
The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical 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.