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Barrick Rigs to Commence Drilling This Quarter on Several Priority Targets in the Ngayu Greenstone Belt, D.R. Congo $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM at 9:34 AM on Thursday, May 14th, 2020
This image has an empty alt attribute; its file name is Loncor-Small-Square.png

TORONTO, May 14, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQB: “LONCF”) is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold (Congo) SARL (“Barrick”) and on its own majority-owned exploration licences and exploitation concessions, including the Imbo exploitation concession (76.29%) that contains the Adumbi deposit and its wholly-owned exploration licence containing the Makapela deposit

Barrick Joint Venture

Loncor recently received the quarterly exploration report from joint venture partner Barrick for the first quarter of 2020. As announced in February 2020, joint venture partner and operator Barrick had identified a number of priority drill targets within the 1,894 square kilometre joint venture land package at Ngayu and drilling was due to commence in March. Some delays were encountered at the border due to additional permitting requirements resulting from the COVID-19 situation but the two drill rigs are now at the Kibali mine site and are planned to be mobilised to Ngayu in the second quarter.

The first drill target is expected to be at Anguluku where an initial six core holes are planned. Depending on results, additional holes will be drilled at Anguluku or the drills will be moved to Salisa/Lybie where an initial twelve holes are planned. Other targets to be drilled include Yambenda/Yasua (see Figures 1 and 2 below).

A large component of Barrick’s Q1 2020 exploration program was focused on reconnaissance follow up. The goal of these reconnaissance studies was to delineate new targets for prioritisation and assess existing targets to advance them to the drilling stage or remove them from the resource triangle. At the time of reporting, of the eleven Areas of Interest identified during the last quarter, eight had been evaluated for potential of hosting tier 1 deposits. Two of the eight assessed did not pass the preliminary indicators to host tier 1 deposits.  This quarter’s further assessment was completed on the Andagbowa, Zunguluka, Makapela West and Imva South blocks. At Andagbowa, two new targets were delineated for follow up work.

Andagbowa is located to the northeast corner of the Ngayu concession and about 32 kilometres northeast of the Mambati base camp. It is characterised by complex lithological and structural settings, which includes the presence of folded and fractured banded ironstone formation (“BIF”) and the hinge of a belt scale fold. Previous work has shown localized low grade BLEG anomaly basins, intense alluvial artisanal activities and a lack of quartz pebbles in the streams which could suggest potential for disseminated style gold mineralization.

Exploration fieldwork completed during the quarter at Andagbowa aimed at gaining geological characteristics of the area in order to evaluate its potential and perspectivity for future detailed work. The fieldwork undertaken included preliminary exploration study combining geological, structure and alteration mapping and sampling for gold analysis. Structural data confirmed the interpreted open folding system with NNW fold axis occurring within the area close to the Makapela Intrusive. The identified NE-SW, E-W and NW-SE moderate to steeply dipping mineralized sheared zones are aligned along the regional fold and parallel to the interpreted domain boundary subsidiary fault which could play a part in controlling the distribution of gold mineralization, either hosting mineralization or by acting as conduit for hydrothermal fluids.

The preliminary exploration work at Andagbowa area revealed two potential prospects for future work; namely Bon Marche and Tozali.  The two prospects are characterized by sheared and brecciated rocks including BIF containing either stockworks of quartz veinelts or sheeted stringers of silica associated with pervasive sericite and weak disseminated fine to coarse sulphides.

Bon Marché prospect is located about 5 kilometres east of Bole Bole village; the area occurs structurally in the interpreted regional hinge and is characterized by:

  • NE and ENE trending mineralized shear zones (up to 12 metres wide) containing sheeted quartz stringers and veinlets associated with pervasive sericite hosted by metasediment rock. Each of the two shear zones is mined along 100 metre length by artisanal miners.  Assay results of up to 2 metres @ 1.07g/t Au was intercepted from channel sampling.
  • 2.5 kilometres folded and fractured BIF with weak disseminated sulphide and pervasive silica with 0.83 g/t Au from litho samples.
  • The potential hinge at Bon Marche is located 1.5 kilometres north of soil anomalies localized almost within the same hinge zone. 

While the Tozali prospect is located 6 kilometres south-east of Bon Marché and shows:

  • 1.5 kilometre potential NW trending brecciated BIF containing disseminated boxworks and stockworks of quartz-carbonate stringers. Received results revealed anomalised values up to 0.76g/t Au.

At the beginning of the quarter, LIDAR (Light Detection and Ranging remote sensing) surveys were also conducted on four exploration blocks in the joint venture. The benefits of LIDAR data compared to traditional aerial-photo-based interpretation are in more detailed identification of possible surface deposits, mapping lithology, structures and more precise edging of the geomorphologies, which could hold large scale deposits. This method also reflects more accurately the true ground surface in areas of dense vegetation. The results of the LiDAR surveys are being collated with other existing geological and geophysical layers to further generate and prioritise more targets.

Imbo Exploitation Permit (Loncor 76.29%)

Outside of the Barrick joint venture, exploration activities have continued on Loncor’s Imbo exploitation concession (76.29%) in the east of the Ngayu belt. Fieldwork by Loncor geologists have focused on the Imbo East prospect 12 kilometres west-southwest of Adumbi along the same mineralised structural trend. Gridding, soil and rock sampling are being undertaken over a strike length of 3.6 kilometres. Additional follow up will be dependent on assay results which are pending.

Qualified Person
Peter N. Cowley, who is President of Loncor and a “qualified person” as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release. 

About Loncor Resources Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the Democratic Republic of the Congo (the “DRC”).  The Loncor team has over two decades of experience of operating in the DRC.  Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base.  The area is 200 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL (“Barrick”).  In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz.  Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in 1,894 km2 of Loncor ground that they are exploring.  As per the joint venture agreement signed in January 2016, Barrick manages and funds exploration on the said ground at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick.  In a recent announcement Barrick highlighted six prospective drill targets and are moving towards confirmation drilling in 2020. Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%.  Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.

In addition to the Barrick JV, certain parcels of land within the Ngayu project surrounding and including the Makapela and Adumbi deposits have been retained by Loncor and do not form part of the joint venture with Barrick. Barrick has certain pre-emptive rights over the Makapela deposit.  Loncor’s Makapela deposit (which is 100%-owned by Loncor) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).  Adumbi and two neighbouring deposits hold an inferred mineral resource of 2.5 million ounces of gold (30.65 million tonnes grading 2.54 g/t Au), with 76.29% of this resource being attributable to Loncor via its 76.29% interest in the project.  

Resolute Mining Limited (ASX/LSE: “RSG”) owns 26% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering. 

Additional information with respect to Loncor and its projects can be found on Loncor’s website at www.loncor.com.

For further information, please visit our website at www.loncor.com, or contact: Arnold Kondrat, CEO, Toronto, Ontario, Tel: + 1 (416) 366 7300.

Figure 1 Ngayu Belt.  Developing Prospectivity, Work Programs and Drill Targets for 2020

https://www.globenewswire.com/NewsRoom/AttachmentNg/572d4a28-b6e1-48d5-91bc-a419b7da1825

(From Barrick Q1 2020 joint venture report)

Figure 2 Geology of Lybie-Salisa with proposed drill holes

https://www.globenewswire.com/NewsRoom/AttachmentNg/3c3bbe85-9561-43ab-811b-8ad43e2b6e9d

(From Barrick Q1 2020 joint venture report)

Figure 1
Ngayu Belt. Developing Prospectivity, Work Programs and Drill Targets for 2020 (From Barrick Q1 2020 joint venture report)
Figure 2
Geology of Lybie-Salisa with proposed drill holes (From Barrick Q1 2020 joint venture report)

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Mota Ventures $MOTA.ca Signs Letter of Intent to Acquire German Leader in Psilocybin Space with a 110,000 Square Foot Manufacturing Facility $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $HIP.ca $WMD.ca $CGRW

Posted by AGORACOM at 7:49 AM on Thursday, May 14th, 2020
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VANCOUVER, BC / ACCESSWIRE / May 14, 2020 /Mota Ventures Corp. (CSE:MOTA)(FSE:1WZ:GR)(OTC PINK:PEMTF) (the “Company“) announces that it has entered into a letter of intent (the “Letter of Intent“), dated May 11, 2020, with Verrian Ontario Ltd. (“Verrian“), pursuant to which the parties intend to evaluate a potential transaction involving the acquisition of all of the outstanding share capital of Verrian (the “Proposed Transaction“). Verrian is an arms’-length privately-held company that is focused on delivering and developing products related to addiction reduction, with a focus on alcohol and opiates.

ESTABLISHED EUROPEAN PSYCHEDELIC MEDICINE COMPANY

Verrian owns and operates an EU-GMP, ISO 14001 compliant 110,000 sq. ft. pharmaceutical manufacturing facility in Radebuel, Germany. Verrian purchased the facility from a major global pharmaceutical manufacturer in 2019. Both the facility and equipment are independently appraised at Cdn$10,600,000, including an analytical laboratory, and full pharmaceutical manufacturing suite.

Operations within this full suite pharmaceutical manufacturing site include analytical laboratory and finished dose manufacturing, which exceed all international quality standards.

Verrian is composed of three distinct business segments:

  • Pharmaceutical Manufacturing – A portfolio of medical & wellness products
  • Phyto API – API creation from medical plants
  • Analytical Testing – European Medicine Agency Standards

PRODUCTS FOCUSED ON OPIATE ADDICTION REDUCTION

Verrian’s singular focus is rewiring the mind to overcome addiction through natural medicine. Specifically, the micro dosing of psilocybin demonstrates potential to remove the dopamine reward of addictive substances, potentially diminishing the desire for addictive substances, thereby reducing or eliminating the need for the addictive substance.

To date Verrian has developed:

  • PSI GEN and
  • PSI GEN+

These Psilocybin products are focused on opiate addiction reduction. As Natural Psilocybin extracts, from organically cultivated mushrooms, combined with metabolism enhancing natural herbs, they are ideal for individuals commencing micro-dosing and capable of being combined with additional anti-addiction therapies.

All of Verrian’s compounds are derived from organic, glyphosate free naturally occurring plants, grown specifically for its own purposes.

GOALS AND VISION

In addition to facility & equipment investments outlined above, the company has invested Cdn$2,400,000 worth of clinical trial design development and proprietary formulations into its psilocybin trademarked PSI-GEN formulations, and cannabis products, including trademarked CBDaily and CBNight.

Verrian’s world renowned addiction medicine experts are moving ahead to develop new potential treatments for therapy, with rigorous clinical research. Once EU GMP & narcotics handling recertification are secured, capabilities will extend to:

  • Specialty Pharma – Custom formulations
  • Psilocybin Refinement & Production – For micro dosing

“I am extremely excited at the opportunity to acquire an established Psychedelic medicine company in Europe. As an innovative company, Mota always seeks to be a leader in the natural health space and we see the psychedelic medicine market becoming a major part of the industry. This acquisition allows us to have first mover advantage in the Psychedelic market, and Mota’s existing distribution network will be ready to capitalize on the opportunity once regulation has been put in place,” stated Ryan Hoggan, CEO of the Company.

The Letter of Intent contemplates that the Company would acquire all of the outstanding share capital of Verrian in consideration for Cdn$21,100,000, of which Cdn$20,000,000 will be satisfied through the issuance of common shares (the “Consideration Shares“) to the existing shareholders of Verrian, and the balance will be payable in cash to retire certain outstanding shareholder loans due and owing by Verrian. The Consideration Shares will be subject to the terms of a thirty-six month time release pooling arrangement, during which time they may not be transferred, assigned, pledged or otherwise traded.

Readers are cautioned that the Letter of Intent entered into with Verrian does not set forth the final terms of the Proposed Transaction, nor have such terms been finalized. Any consideration offered to acquire Verrian remains subject to the results of ongoing due diligence. Completion of the Proposed Transaction is subject to a number of conditions, including, not limited to, completion of due diligence, negotiation of definitive documentation, and the receipt of any required regulatory approvals. The Proposed Transaction cannot be completed until these conditions are satisfied and there can be no assurance that the Proposed Transaction will be completed at all.

The Proposed Transaction is not expected to constitute a fundamental change for the Company, nor is it expected to result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. The Company will provide further information regarding its review of Verrian, and the Proposed Transaction, as that information becomes available.

About Mota Ventures Corp.

Mota Ventures is an established eCommerce, direct to consumer provider of a wide range of CBD products in the United States and Europe. In the United States, the company sells a CBD hemp-oil formulation derived from hemp grown and formulated in the US through its Nature’s Exclusive brand. Within Europe, its Sativida brand of award winning 100% organic CBD oils and cosmetics are sold throughout Spain, Portugal, Austria, Germany, France, and the United Kingdom. Mota Ventures is also seeking to acquire additional revenue producing CBD brands and operations in both Europe and North America, with the goal of establishing an international distribution network for CBD products. Low cost production, coupled with international, direct to customer, sales channels will provide the foundation for the success of Mota Ventures.

ON BEHALF OF THE BOARD OF DIRECTORS

MOTA VENTURES CORP.

Ryan Hoggan
Chief Executive Officer

For further information, readers are encouraged to contact Joel Shacker, President at +604.423.4733 or by email at [email protected] or www.motaventuresco.com

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CLIENT FEATURE: Hollister $HOLL.ca A Vertically Integrated Cannabis Co With Products In 220 California Dispensaries , JVs & Partnerships With Global Brands $WEED.ca $CGC $ACB $APH $CRON.ca $OGI.ca $FAF.ca

Posted by AGORACOM-JC at 4:49 PM on Wednesday, May 13th, 2020

Hollister Highlights Of Current Operations:

  • Hollister’s products are now present in 220 of 600 California dispensaries.
  • Own’s California’s #1 hash infused pre-roll “HashBone”
  • Vision is to capitalize on this success to become the sought after premium brand portfolio of Cannabis across multiple states and Hemp nationwide
  • Major LOI, Joint Ventures and Licensing Agreements Support Proof Of This Vision
  • “Easy Riders” – Milliions Of Global Followers
  • “Tactical Relief” – Veteran Founded, Hemp Based CBD Brand With Nation Wide Members  
  • “Tommy Chong” – Exclusive Manufacture & Distribution Of Tommy Chong’s Cannabis (TM) Full Spectrum Elixir 1:1

“I only partner with the best-in-class companies and I am really pleased to have the Hollister Cannabis Co. bring their amazing Tommy Chong’s Cannabis™ Full Spectrum Elixir to the market for me”. 

– Tommy Chong

2 Highly Accretive Acquisitions

Hollister Biosciences Closes Transformational Acquisition of Rapidly Growing Venom Extracts Adding Over $16.4 Million In 2019 Revenue and $2.5 Million in EBITDA

  • one of Arizona’s premier extract brands and one of the state’s largest producers of award-winning medical cannabis distillate and related products.

HIGHLY ACCRETIVE $20,000,000 ACQUISITION, ADDING OVER CDN$16.4 MILLION OF 2019 REVENUE

  • For the year ended December 31, 2019, management of Venom Extracts reports having generated over CDN$16.4 million in revenue and over CDN$2.5 million in EBITDA from its product line of cannabis concentrates and cartridges. 
  • Venom Extract’s management also reports a strong start to 2020 and is anticipating record Q1 revenue.

Hollister Biosciences Closes Acquisition of AlphaMind Brands Inc.

  • Alphamind Brands is developing a portfolio of certified legal mushroom based natural health products
  • The company’s “ready to ship” product SKU’s include Cordyceps, Lion’s Mane, Shiitake, Oyster and Reishi Mushroom based: liquid tinctures, concentrated mushroom powder(s), teas, and chocolate.

FULL DISCLOSURE: Hollister Biosciences Inc. is an advertising client of AGORA Internet Relations Corp.

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VIDEO – ImagineAR $IP.ca $IPNFF Casino Partner Plans Augmented Reality Marketing For Over 80 Properties $SEV.ca $VST.ca $YDX.ca $NTAR.ca

Posted by AGORACOM-JC at 11:57 AM on Wednesday, May 13th, 2020
http://www.smallcapepicenter.com/imagine%20ar%20squre.jpg

If you don’t know what Augmented Reality (AR) is, this quote from Apple CEO Tim Cook is all the motivation you need to get up to speed:

“AR Will play an important role in how we use technology in the future – and promises to be as influential in our society as the smart phone”  

 AR is essentially a technology that lays digital images and graphics over the real world.  

As the name implies, ImagineAR (IP:CSE) (IPNFF:OTCQB) is an Augmented Reality Company that enables businesses to create their own mobile phone AR campaigns with no programming or technology experience.  More than just lip service, the Company recently announced a partnership with Engaged Nation, an award winning leader of digital market for some of the world’s biggest casinos, whose CEO said the following about ImagineAR

“”We are excited to add ImagineAR to our interactive platform. We pride ourselves on offering the most advanced technology to our clients and their customers. We know that augmented reality can play a significant role in driving more customer engagement and trips to a casino property. ImagineAR’s platform is ideal to help accomplish that goal”

That quote is just the tip of the iceberg.  Watch what Epstein has to say about how his company selected ImagineAR and how aggressively they plan to roll it out to casinos. 
If Engaged Nation knows a good bet when it sees one, Imagine AR (IP:CSE) is the Augmented Reality company that allows small cap investors to participate in the growth of the space, which IP says is projected to grow ~ 2,000% in the next 4 years …. that is not a typo! 

IP is not a one trick pony either.  They started commercializing their mobile Augmented Reality Platform long before this deal with Engaged Nation.  Clients include:

  • NBA Sacramento Kings
  • Mall Of America
  • AT&T Shape
  • Basketball Hall Of Fame
  • ….. more

As a result, ImagineAR is now well positioned to further commercialize and capitalize on massive demand for Augmented Reality
If our interview with CEO Alen Paul Silverrstieen and Jerry Epstein is any indication, it sounds like the Company’s growth into the casino industry is all but assured in 2020.

Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.

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Labrador Gold $LAB.ca Provides Update on Kingsway Project $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca

Posted by AGORACOM at 8:23 AM on Wednesday, May 13th, 2020
  • Review of historical work as well as more recent exploration over the past four years shows excellent potential for a gold mineralized system at Kingsway.
  • Historical work showing subangular gold grains recovered from till samples indicate a source of 100 to 500 metres up ice.
  • A sub-angular boulder of quartz vein containing visible gold recovered from a trench with gold grains in till assayed 168 g/t Au. The source of the boulder has not been found.

TORONTO, May 13, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“LabGold” or the “Company”) is pleased to provide an update on its Kingsway Property near Gander, Newfoundland.

The two claim blocks that comprise the Kingsway Property cover over 14 kilometres of strike length of the potential extension of the Appleton fault zone which is associated with many of the gold showings, including the new discovery (downhole drill intersection of 92.86g/t Au over 19 metres), on New Found Gold’s Queensway project to the south. (Note that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property).

Since the Company acquired the option to acquire a 100% interest in the property (see news release dated March 3, 2020) it has been compiling historical data from work completed between 1989 and 2005. More recent exploration over the past four years has confirmed and expanded on this historical data and indicates the potential for a gold mineralized system at Kingsway.

Historical sampling of glacial till over the southern claim block showed gold values from below detection (<5ppb) to 89,000ppb (89g/t Au) in heavy mineral concentrates with 8 samples assaying over 10,000ppb (10g/t Au). Gold anomalies in the concentrates extend over three kilometres along the Appleton fault zone. Panning of till samples for gold grains showed between 2 and 13 grains in five samples from the south claim block and between 6 and 26 gold grains in six samples from the north claim block. Shape analysis of the gold grains showed many of them to be subangular, suggesting that they did not travel far from their source which was estimated to be between 100m and 500m up ice.

In addition, trenching in the vicinity of the high gold values in heavy mineral concentrates uncovered a subangular boulder of quartz vein containing visible gold which assayed 168 g/t Au. Neither the source of the boulder nor of the gold grains has been found.

Previous work suggests that gold mineralization is associated with regional structures, particularly where second order cross structures occur. This has been further demonstrated by the New Found Gold discovery to the south of the Kingsway Property, where gold mineralization appears to be related to structures cross cutting the Appleton fault zone. Despite the recognition of this control on mineralization early on, there does not appear to have been an attempt to target such structures in the drilling to date on the property. While historical drilling did not result in a discovery, there were indications of proximity to a mineralized system. In particular, a hole drilled near the heavy mineral concentrates with high gold values intersected approximately 22 metres of brecciated and silicified siltstone with numerous quartz stringers and quartz carbonate veins containing pyrite mineralization as stringers and blebs.

Exploration over the past four years by Torq Resources and Shawn Ryan included over 1,758 till samples 3,724 vegetation (spruce tips) samples 2,381 till XRF samples and 2,958 soil samples taken over a 45km by 15km (675 square kilometre) area. This work resulted in the identification of an area of 66 square kilometres most prospective for gold mineralization covered by the Kingsway north and south claim blocks. Till and vegetation sampling over the south claim block confirms the results of the historical work and identified new gold anomalies while the work on the northern claim block identified new gold anomalies associated with north-northeast trending magnetic lineaments that need to be followed up. On both claim blocks there is a close association between the gold anomalies and the Appleton or Dog Bay structures.

Gold anomalies in soil samples on the southern claim block occur to the west (up ice) of the historical gold anomalies in heavy mineral concentrates and may indicate a potential source area. More detailed sampling on a tighter spacing is required to test this interpretation.

On the northern claim block, which is covered by a historical detailed airborne Dighem survey, most of the gold anomalies are associated with north trending resistivity high/low contacts and NE cross cutting magnetic lineaments. Significant gold in soil anomalies occur both to the northwest and to the south east of three gold in lake sediment anomalies. The anomalies to the northwest also occur over anomalous gold in vegetation samples, whereas those to the south, where there is no detailed vegetation or till samples, occur in the vicinity of historical till samples assaying between 163 and 1,398 ppb Au that also contain gold grains.

The assays from the historical work presented here, while considered accurate, have not yet been verified by independent sampling as the Company has not been able to conduct fieldwork since acquiring the Project.

Roger Moss, President and CEO stated: “Historical exploration and more recent work has clearly demonstrated the potential of the Kingsway project for the discovery of orogenic gold deposits associated with deep seated structures. The presence of the Appleton and Dog Bay structures on the property with evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float suggest the presence of a significant mineralized system. Detailed soil sampling combined with ground magnetic and VLF-EM are planned for the coming field season to define targets for subsequent drill testing. In the meantime, compilation and interpretation of the historical work continues to define the most prospective areas for successful follow up.”

Shawn Ryan, technical advisor stated: “The Kingsway Project covers some of the first claims I staked outside of the Yukon. It was based on extensive research and ground follow up. The government till sampling and historical work was very compelling in showing that the Appleton and Dog Bay Line structures are very anomalous in gold. The previous option holder conducted extensive regional till and vegetation sampling that outlined nice anomalous gold areas. I pared down the large claim block to the two best areas. The subsequent announcement of the New Found Gold high-grade intersection south of Kingsway has given the district the evidence needed that good gold grades are associated with regional NNE (Appleton) structures cross cut by NE trending structures. These same structural patterns are seen in the geophysics on the Kingsway project. I look forward to the follow up work to be conducted over the next couple of seasons.”

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. The two licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details).

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 57,039,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO
Tel: 416-704-8291

Or visit our website at: 

www.labradorgold.com

Kingsway Compilation

Geochemical Anomalies on Kingsway Project

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CLIENT FEATURE: Tartisan #Nickel $TN.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes of 0.62% Nickel + 0.33% Copper – $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 6:12 PM on Tuesday, May 12th, 2020
Tc logo in black

Investment Highlights

  • Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
  • 17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property

Kenbridge Ni Project (ON, Canada)

  • Advanced  stage  deposit  remains open  in  three  directions,  is  equipped with a 623m  deep  shaft  and  has  never  been  mined
  • Preliminary  Economic Assessment completed and updated returned robust project 
    economics and operating costs including  a  NPV  of  C$253M  and  cash costs of US$3.47/lb of nickel net of  copper credits
  • Plans for Kenbridge include updating PEA, advancing the project through to feasibility and exploring the open mineralization at depth

Recent News

  • Company has completed a Spectral Analysis Survey
  • Survey covered the patented and single-cell mining claims that make up the historic land position which contains the Kenbridge Deposit and the surrounding area, identifying several new exploration targets not only for nickel, copper, cobalt, but also for potential gold occurrences
  • Analysis Survey shows the distribution and intensity of up to 304 minerals, with the first pass showing up to 16 minerals
  • Each mineral can be classified into an exploration relevance for base metals, precious metals and industrial metals

Tartisan CEO Mark Appleby said, “the survey picked out the Kenbridge Deposit, and has shown the possible extension to the Kenbridge Deposit and three additional trends that relate directly to underlying geology and structure implicit in the Kenbridge Deposit. Of significant interest, the survey found two gold trends as well, which include the Violet and Nina historic gold occurrences. One of the occurrences is almost 54 hectares in size and covers almost all of three of our staked claims on the border of the Kenbridge property.”

Industry News

INDUSTRY BULLETIN: Cobalt price, nickel usage limit damage to EV Metal Index

INDUSTRY BULLETIN: Nickel prices jump after Vale trims output target

INDUSTRY BULLETIN: Nickel prices get a boost from pandemic-driven ore supply tightness

INDUSTRY BULLETIN: Have the next crop of battery metals producers been oversold?

FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.

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‘Something Big is Coming’; Gold’s Narrowing Range to Lead To Major Price Move SPONSOR Labrador Gold $LAB.ca $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 1:28 PM on Tuesday, May 12th, 2020

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Recently acquired 14km of the potential extension of the new discovery by New Found Gold’s Queensway project to the south. Click Here for More Info

(Kitco News) – Gold futures are behaving like a restless person taking a nap – with the market not moving much in either direction lately but yet tossing and turning a lot.

The metal has been in a narrowing range for nearly a month now, but sometimes making violent moves within that trading band. However, the pattern is forming a so-called wedge formation that should lead to a breakout in the not-too-distant future, some observers said.

“Something big is coming here,” said Sean Lusk, co-director of commercial hedging with Walsh Trading.

The formation is setting up for either an extension to the upside or a correction to the downside, he continued.

“I don’t see this being range-bound for much longer. The next couple of weeks should be tell-tale.”

The metal sold off in mid-March with other asset classes as investors had to generate cash when stocks were falling. The June futures bottomed at $1,453 an ounce in mid-March. The contract then climbed as high as $1,788.80 an ounce on April 14, then backed off to a low of $1,666.20 on April 21.

Since, the range has been narrowing, confined to a $1,676-$1,1735.50 band so far this month. The range narrowed even further to $1,692.10-$1,713.80 this week. So far on Tuesday, the metal is having an “inside day” on the charts in which the high and low are within the prior day’s trading range. The contract was up $12.80 to $1,710.80 an ounce as of 10:23 a.m. EDT.

“We leapt, then we’ve been basically in a pretty violent trading range, fighting to hang onto $1,700 an ounce with people looking for record highs in the future,” said Phil Flynn, senior market analyst with Price Futures Group. “We’ve seen a lull.”

Flynn described the underlying fundamental backdrop as still solid for gold, with governments undertaking massive fiscal stimulus and central bankers ultra-loose monetary policy. However, gold is being held back for the moment by a strong stock market and U.S. dollar, traders said.

“We are seeing a run back toward stocks and away from gold as a safe-haven play,” Flynn said. “So it’s been struggling a little bit.”

Lusk characterized the stock-market recovery as “outstanding” since the sell-off to the March lows that occurred on worries about the economic impact of the coronavirus pandemic.

“If the Dow Jones makes a run for 25,000, or perhaps 26,000, it seems ridiculous considering what’s going on with the economy shutting down,” Lusk said. “But those are things that will probably drive some money out of gold.”

Should stocks remain strong, gold conceivably could get “whacked” another $100, he said. Further, Lusk added, recent highs in the U.S. dollar have probably prompted some selling in gold.

But for now, the range has been narrowing, with buying on price dips.

“There’s a lack of conviction on both sides,” Lusk said. “You see a little bit of profit-taking. Then when we break below $1,700, we see some bargain buying come back into the market. That tells me it’s not over yet.”

There is still much uncertainty in the world, Lusk said. If economies open up, will they have to shut down again due to another wave of the cornonavirus? Markets are also watching to see whether a trade war between the U.S. and China heats up again.

“I think we’re pausing here and waiting for the next shoe to drop,” Lusk said. “The market is looking for a new catalyst one way or another.”

Longer-term structural issues in the economy are not likely to be resolved quickly, even if a vaccine for the virus is found, Lusk said. He also suggested there could be a stalemate between lawmakers in an election year.

Flynn commented that the underlying fundamentals for gold are still “very bullish” because of actions taken by the Federal Reserve.

“We know that low interest rates are supportive for gold,” Flynn said. “We know that quantitative easing is bullish for gold.”

Further, with markets hopeful that economies will start to reopen, physical demand for gold jewelry should start to improve, Flynn added.

On top of this, Lusk pointed out that lawmakers in Washington D.C. are talking about another round of massive fiscal stimulus of perhaps $3 trillion on top of what has already occurred. That could eventually weigh on the U.S. dollar.

Yet, Lusk continued, that doesn’t mean gold can’t correct lower again, especially since late spring and early summer tend to be seasonally weak periods for physical demand. In the current environment, Indian and Chinese demand has been soft, in particular.

Lusk commented that the market could fall to just below $1,600 an ounce or alternatively take off to $1,827.

“It’s kind of frustrating,” he said about the uncertainty facing traders art the moment. “I look for a more pronounced move in the next couple of weeks for sure.”

SOURCE: https://www.kitco.com/news/2020-05-12/-Something-big-is-coming-Gold-s-narrowing-range-to-lead-to-a-major-price-move-analysts.html

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American Creek $AMK.ca Sells Minority Interest in Electrum Property Joint Venture to Tudor Gold $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:18 AM on Tuesday, May 12th, 2020

Cardston, Alberta–(Newsfile Corp. – May 12, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) (“American Creek”) today announced that it has executed an agreement with Tudor Gold Corp. (“Tudor”) whereby Tudor is buying out the Corporation’s 40% interest in the Electrum Project Joint Venture located near Stewart, British Columbia.

Tudor will pay American Creek $250,000 cash and issue 1,400,000 Tudor shares upon the transaction closing. The shares are subject to a standard four month hold period and a voluntary eight month hold as well.

This transaction is subject to approval by the TSX Venture Exchange.

Darren Blaney, American Creek CEO stated: “We think this transaction makes sense for American Creek and its shareholders as we are trading a minority interest in the Electrum property for non-dilutive operating cash as well as a substantial share position in Tudor which gives us more exposure to the upcoming Treaty Creek developments which we believe will be very significant.”

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor (Walter Storm) as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

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Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca Sells Minority Interest in Electrum Property Joint Venture to Tudor Gold $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Province of Ontario Issues Spyder Cannabis $SPDR.ca Retail Operator Licence $CGC $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM at 8:57 AM on Tuesday, May 12th, 2020

Vaughan, Ontario–(Newsfile Corp. – May 12, 2020) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“) through its wholly-owned associated applicant, Spyder Cannabis Subco Inc., is pleased to announce that it has received a cannabis retail operator licence from the Alcohol and Gaming Commission of Ontario (the “AGCO”). Spyder has already applied for its Cannabis Retail Store Authorization, located at 6474 Lundy’s Lane, Niagara Falls, Ontario and will operate as SPDR Cannabis. The Retail Store Authorization is the next step required in the process to open its retail operation. Spyder will offer a full assortment of cannabis products from licenced producers.

“The issuance of the Retail Operator’s License is an important milestone in the company’s evolution, and we are excited to commence our growth strategy in the province of Ontario.”, said Daniel Pelchovitz Spyder’s President & CEO.

Spyder would also like to update the previous press release about the Alberta Gaming, Liquor and Cannabis Commission authoriziation. The licence previously announced represents a conditional licence until such time as the final inspection of our already built store is completed and the final licence is given.

About Spyder Cannabis Inc.

Spyder is a Cannabis, Vape and CBD retailer that operates in jurisdictions where the products are federally legal in both Canada and the United States. The Company, through its subsidiaries, is a retailer involved in the development of three retail business units. The first is the sale of Cannabis products, the second is the sale of CBD in the United States only, the third is the sale of smoking cessation products in Ontar

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How is #COVID19 Impacting the #Mhealth Sector? – SPONSOR: CardioComm Solutions $EKG.ca – $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca

Posted by AGORACOM-JC at 9:00 PM on Monday, May 11th, 2020

SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.

How is COVID-19 Impacting the mHealth Sector?

 

– COVID-19 is set to challenge the traditional working of the healthcare domain and push it towards an expedited adoption of digital health.

– The one thing that is certain amidst this time after the pandemic impact has ended, we all will be left with structural changes in ways healthcare works.

By Prateek Saxena

As you read, COVID-19 is shutting down one nation after another. Around the globe, the coronavirus pandemic is having an unprecedented effect on daily lives. The virus has contacted every single sector as part of its dire impact on the global economy.

But its impact on the healthcare sector has been seismic. 

COVID-19 is set to challenge the traditional working of the healthcare domain and push it towards an expedited adoption of digital health. 

The value of digital approaches which are designed to help health professionals and the public stay up to date about the disease, maintain communication, and allow better strategic planning are now being highlighted more than ever before. 

The one thing that is certain amidst this time after the pandemic impact has ended, we all will be left with structural changes in ways healthcare works. Although these changes were happening, they were piecemeal. COVID-19 is everything that is needed to expedite the process and bring upon the digital transformation. 

Here’s a detailed read on the coronavirus impact on healthcare industry. 

How is mHealth changing?

Medical Distancing: To counter COVID-19 outbreak, key authorities like the WHO and CDC have been lobbying for ways to lower physical contact between the healthcare providers and patients, also known as medical distancing. 

Telehealth service is becoming a force in the efforts to lower healthcare-specific COVID-19 transmission. It’s effectiveness has been acting as a promising one for areas including dermatology, cardiology, and diabetic care, etc. which allows high-quality remote care, all the while saving the time and physical space. 

Even though telehealth has established itself as a great measure to back up medical distancing, there are certain barriers that have to be addressed. There are issues around patient characteristics like educational background and age, etc, uncertainties around the legal liabilities, in addition to issues of confidentiality and privacy. 

Healthcare app development companies, however, have taken notes and are working on eradicating these issues. 

Crowdsourced disease monitoring: the high surge of coronavirus crisis are highlighting the need of timely tracking the infected and their contacts. Flexibility and timeliness are known to be the two common weaknesses in the surveillance systems.  

Digital health experts, through the mode of coronavirus tracing applications, make it possible to crowdsource disease monitoring. People from across the world put in their data – their travel routes, prospect of them having caught the virus, etc. for the healthcare agencies to track the hotspots and carriers. 

Health Information Exchange to boost interoperability: Because of the pandemic and the overcrowding of patients and health facilities, a strong health data exchange has become a key in the health infrastructure. It has also shown us that ‘health data’ shouldn’t just consist of patients’ medical data but also consist of a wide data type coming in from individual’s offline and online activity. 

We are going to see a lot more HIEs becoming open and un-localized. There will be many portals coming into existence for the patients and health systems to access the files. 

“With the coronavirus exploding in communities and overwhelming hospitals nationwide, we need to help doctors and nurses on the front lines get the information they need now to stop the spread of this virus and save lives,’’ Allen Byington, co-founder of HIE Networks said. “There has never been a greater need for easy, seamless communications in health care.”

Surging demand for health gadgets: The coronavirus impact on healthcare sector has been a seismic wave of wellbeing awareness and anxiety. The fear of infection has expedited the adoption of applications and wearable as a mode of making people feel protected. Wearables are giving people accurate feedback on their blood pressure, body temperature, and health signals which are restoring the sense of control in people in addition to helping them track their health. 

In addition to the rising demand and usage of wearable for preventive measures, the users are also adopting them for being fit and keeping up with their fitness goals that they have set for themselves. 

Companies using technology to track, test, and treat COVID-19

  1. Apple & Google announced their plan to launch APIs which would enable interoperability between Android and iOS products. The two companies are also committed to developing bluetooth-based contact training features in their underlying operating systems. They believe that it would provide deeper data integration with the governments’ public health initiatives and health apps. 
  2. Walgreens has expanded its telehealth program in a way that it includes COVID-19 risk assessment, information on the clinical trials, etc. The platform also includes a website and mobile health application to help patients navigate telehealth providers and health systems so that they can connect with nurses and doctors. 
  3. The Kingdom of Bahrain has developed a COVID-19 tracking system which depends on the GPS tracking electronic bracelets and coronavirus contact tracing application. The system then alerts the government monitoring station when the infected individual leaves isolation. 
  4. Acute care and SCP Health declared their partnership for providing scalable emergency service and hospital medicine through telemedicine 
  5. Jefferson Health system laid a partnership with LifeLink for launching former’s chatbot across LifeLink’s 14 Philadelphia locations. The chabot would make use of AI for aiding pre-screen of coronavirus outbreak. The patients can also make use of the bot for figuring out the right approach of their treatment. 

In conclusion: The post-coronavirus digital health

The after-COVID world is going to be remembered as when medical interactions such as a provision to primary care or management of several non-communicable diseases transferred to digital mode, by default, as opposed to exceptions. While we had very little impact on how coronavirus impacts the global digital health industry, the post-COVID19 world will see us accepting digital health as the new normal. 

The new age will also likely enable other technologies like 5G, AI, IoT, etc. to help us all converge in a completely new variety of approaches. In this global pandemic, we are witnessing this happening in real-time and in a never-imaginable pace. 

In England, primary care has now started finally embracing telehealth and has been delivering a digital first approach as a mode to manage streaming care to the appropriate places. 

However, there’s plenty left to be done. There is a need for incorporation of a robust governance in deployment of these approaches. There should also be a robust clinic decision support within our deployments as a rule in place of exceptions. 

The next important alteration which can be seen accelerating is an adoption of precision health: both in personalised and predictive health setup. We will see the utilization of digital technology in empowering the people to self-manage themselves in case of non-communicable disease. 

Additionally, we have to understand that this new world of medical infrastructure will be very different from the health and care world we are used to. It would require us to remain open and adaptive. There is one thing guaranteed – the digital health world is going to change for the good.

Source: https://appinventiv.com/blog/coronavirus-impact-on-mhealth/

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