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Graphene – A Talented 2D Material Gets a New Gig SPONSOR – ZEN Graphene Solutions $ZEN.ca $LLG.ca $FMS.ca $NGC.ca $CVE.ca $DNI.ca

Posted by AGORACOM at 12:09 PM on Thursday, March 5th, 2020

SPONSOR: ZEN Graphene Solutions: An emerging advanced materials and graphene development company with a focus on new solutions using pure graphene and other two-dimensional materials. Our competitive advantage relies on the unique qualities of our multi-decade supply of precursor materials in the Albany Graphite Deposit. Independent labs in Japan, UK, Israel, USA and Canada confirm this. Click here for more information

An optical image of the graphene device (shown above as a square gold pad) on a silicon dioxide/silicon chip. Shining metal wires are connected to gold electrodes for electrical measurement. The tiny graphene device has a length and width of just one-tenth of a millimeter. (Credit: Guorui Chen/Berkeley Lab)
  • Berkeley Lab scientists tap into graphene’s hidden talent as an electrically tunable superconductor, insulator, and magnetic device for the advancement of quantum information science

Ever since graphene’s discovery in 2004, scientists have looked for ways to put this talented, atomically thin 2D material to work. Thinner than a single strand of DNA yet 200 times stronger than steel, graphene is an excellent conductor of electricity and heat, and it can conform to any number of shapes, from an ultrathin 2D sheet, to an electronic circuit.

Last year, a team of researchers led by Feng Wang, a faculty scientist in Berkeley Lab’s Materials Sciences Division and a professor of physics at UC Berkeley, developed a multitasking graphene device that switches from a superconductor that efficiently conducts electricity, to an insulator that resists the flow of electric current, and back again to a superconductor.

Now, as reported in Nature today, the researchers have tapped into their graphene system’s talent for juggling not just two properties, but three: superconducting, insulating, and a type of magnetism called ferromagnetism. The multitasking device could make possible new physics experiments, such as research in the pursuit of an electric circuit for faster, next-generation electronics like quantum computing technologies.

Optical image of a trilayer graphene material sandwiched between boron nitride layers during the nanofabrication process (left); and the trilayer graphene/boron nitride device with gold electrodes (right). (Credit: Guorui Chen/Berkeley Lab)

“So far, materials simultaneously showing superconducting, insulating, and magnetic properties have been very rare. And most people believed that it would be difficult to induce magnetism in graphene, because it’s typically not magnetic. Our graphene system is the first to combine all three properties in a single sample,” said Guorui Chen, a postdoctoral researcher in Wang’s Ultrafast Nano-Optics Group at UC Berkeley, and the study’s lead author.

Using electricity to turn on graphene’s hidden potential

Graphene has a lot of potential in the world of electronics. Its atomically thin structure, combined with its robust electronic and thermal conductivity, “could offer a unique advantage in the development of next-generation electronics and memory storage devices,” said Chen, who also worked as a postdoctoral researcher in Berkeley Lab’s Materials Sciences Division at the time of the study.

The problem is that the magnetic materials used in electronics today are made of ferromagnetic metals, such as iron or cobalt alloys. Ferromagnetic materials, like the common bar magnet, have a north and a south pole. When ferromagnetic materials are used to store data on a computer’s hard disk, these poles point either up or down, representing zeros and ones – called bits.

Graphene, however, is not made of a magnetic metal – it’s made of carbon.

So the scientists came up with a creative workaround.

Illustration of the trilayer graphene/boron nitride moiré superlattice with electronic and ferromagnetic properties. (Credit: Guorui Chen/Berkeley Lab)

They engineered an ultrathin device, just 1 nanometer in thickness, featuring three layers of atomically thin graphene. When sandwiched between 2D layers of boron nitride, the graphene layers – described as trilayer graphene in the study – form a repeating pattern called a moiré superlattice.

By applying electrical voltages through the graphene device’s gates, the force from the electricity prodded electrons in the device to circle in the same direction, like tiny cars racing around a track. This generated a forceful momentum that transformed the graphene device into a ferromagnetic system.

Schematic of the double-gated trilayer graphene/boron nitride device. The inset shows the moiré superlattice pattern between the trilayer graphene and the bottom boron-nitride layer. (Credit: Guorui Chen/Berkeley Lab)

More measurements revealed an astonishing new set of properties: The graphene system’s interior had not only become magnetic but also insulating; and despite the magnetism, its outer edges morphed into channels of electronic current that move without resistance. Such properties characterize a rare class of insulators known as Chern insulators, the researchers said.

Even more surprising, calculations by co-author Ya-Hui Zhang of the Massachusetts Institute of Technology revealed that the graphene device has not just one, but two conductive edges, making it the first observed “high-order Chern insulator,” a consequence of the strong electron-electron interactions in the trilayer graphene.

Scientists have been in hot pursuit of Chern insulators in a field of research known as topology, which investigates exotic states of matter. Chern insulators offer potential new ways to manipulate information in a quantum computer, where data is stored in quantum bits, or qubits. A qubit can represent a one, a zero, or a state in which it is both a one and a zero at the same time.

“Our discovery demonstrates that graphene is an ideal platform for studying different physics, ranging from single-particle physics, to superconductivity, and now topological physics to study quantum phases of matter in 2D materials,” Chen said. “It’s exciting that we can now explore new physics in a tiny device just 1 millionth of a millimeter thick.”

The researchers hope to conduct more experiments with their graphene device to have a better understanding of how the Chern insulator/magnet emerged, and the mechanics behind its unusual properties.

Researchers from Berkeley Lab; UC Berkeley; Stanford University; SLAC National Accelerator Laboratory; Massachusetts Institute of Technology; China’s Shanghai Jiao Tong University, Collaborative Innovation Center of Advanced Microstructures, and Fudan University; and Japan’s National Institute for Materials Science participated in the work.

This work was supported by the Center for Novel Pathways to Quantum Coherence in Materials, an Energy Frontier Research Center funded by the U.S. Department of Energy, Office of Science.

Founded in 1931 on the belief that the biggest scientific challenges are best addressed by teams, Lawrence Berkeley National Laboratory and its scientists have been recognized with 13 Nobel Prizes. Today, Berkeley Lab researchers develop sustainable energy and environmental solutions, create useful new materials, advance the frontiers of computing, and probe the mysteries of life, matter, and the universe. Scientists from around the world rely on the Lab’s facilities for their own discovery science. Berkeley Lab is a multiprogram national laboratory, managed by the University of California for the U.S. Department of Energy’s Office of Science.

DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.

SOURCE: https://newscenter.lbl.gov/2020/03/04/2d-material-gets-a-new-gig/

Loncor JV in the DRC with Barrick: SPONSOR Loncor Resources $LN.ca t $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM at 11:09 AM on Thursday, March 5th, 2020

Sponsor: Loncor, a Canadian gold explorer controlling over 2,400,000 high grade ounces outside of a Barrick JV. The Ngayu JV property is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 800,000 ounces of gold in 2018. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting their Tier One investment criteria. Newmont $NGT $NEM owns 7.8%, Resolute $RSG owns 27% Click Here for More Info

This image has an empty alt attribute; its file name is Loncor-Small-Square.png

What if you gave a party and no one came? The Fed found themselves in that embarrassing position on Tuesday as they dumped a .5% drop in the Fed Funds rate onto a startled market. The market wasn’t startled at the interest rate decline, the market was startled because when the Fed spiked the punch one more time no one would drink the Kool Aid.

I’ve said for months the Fed would stick another Band-Aid on a fatally wounded financial system yet they would fail. I felt that way because I spent almost two years fighting a useless and pointless war.

You see we are all raised to believe that governments are all powerful. But if you watch a squadron of 27 B-52s each loaded with 117 bombs carpet sweep an area and your enemy armed only with a bolt action rifle gets up and shoots back at you, you begin to understand that government only think they are all powerful. There is always a limit to power. The Fed just reached it.

The Fed found that out on March 3rd. And it wasn’t even a tiny virus from a laboratory in Wuhan that defeated the Fed. It was a totally dysfunctional financial system where outright frauds such as Tesla can double in a week.

I’ll say it again. The Everything Bubble just burst, some because of the virus, some because of an out of balance useless financial system and a lot because of a now broken Just in Time manufacturing system totally dependent on China.

The metals are going to be included for a period as the margin clerks man their phones and whisper sweet words of doom to their clients. Everything is going to get sold. We are going into a massive period of deflation. At the end all those million dollar MacMansions will be going for pennies on the dollar. Gold might be $500 an ounce but will buy ten times what it does today. We have sailed off the edge of the known world.

I cannot predict the price of gold; many believe in error that they can. I can just say that after many trials and tribulations the world will realize that an honest monetary system is the only cure to what ails us. It will include a jubilee and a metals based currency.

So it would behoove investors to be looking around for production or near production stories.

Someone came to me a week ago with a compelling story of a company effectively off the radar screens of investors. Part of the reason is that the founder of Loncor Resources (LN-T) Arnold Kondrat owns 29% of the shares. Resolute Mining owns another 27% and Newmont 7.6%. With 64% of the shares in the strongest of strong hands, there hasn’t been all that much inclination to tell their story.

Loncor operates in the DRC, the Democratic Republic of the Congo. The company has such a massive land position that it’s fairly hard to understand why they have been so far off the radar of investors.

Loncor has 43-101 gold ounces of over 2.4 million. To use USD figures, at today’s stock price Loncor is worth $19 per ounce in the ground of gold. That no doubt will tend to set a floor under the price. At their stage of development they should be getting more like $50-$60 USD an ounce.

It’s pretty hard to fathom the incredible size of Loncor’s land position in the DRC. They hold 3,534 square km in the Ngayu greenstone belt with similar endowment and geology with the greenstone belt to their east in Tanzania home to several big gold mines. Within their Ngayu land position they have a joint venture with Barrick on 1,894 square km of the total property. Barrick has an active trenching and ground sampling program and is preparing to drill some of the six drill ready targets already identified. Drilling begins this month.

The JV with Barrick is interesting. First of all, Barrick knows the greenstone belt with big mines both in the DRC and in Tanzania. Barrick wants at least four million ounces and would prefer high grade. Barrick funds and runs the exploration program across the 1,894 square km all the way to completion of a pre-feasibility study.

The DRC has a 10% carried interest and Barrick will have 65% of the remainder with Loncor getting the remaining 35% of what is left after the DRC gets their cut. At that point Loncor pays their own way on their piece of the pie.

In Loncor’s fact sheet they mention something interesting. Loncor’s Ngayu Greenstone belt is home to a 130 km BIF. (Banded Iron Formation) Readers with a really good memory may recall me writing about BIF before when I was talking about where the gold showed up in the Western Australia Pilbara Basin, also near the giant iron projects of WA.

Basically the iron was dissolved in seawater. When single cell cyanobacteria began to produce oxygen some 3 billion years or so ago, as the chemistry of the water changed, the iron precipitated out of solution. Quinton Hennigh came up with the theory years ago that that is how the world’s biggest gold properties got their gold. Gold and BIF are similar in age and where you find one, you almost always find the other.

Loncor is cheap. Yes, they may get cheaper but I find them attractive enough that I bought some shares in the open market. Investors are probably going to find it difficult to pick up a large position. The shares pretty much trade by appointment. With a Barrick JV and with gold in the ground at $19 an ounce in USD I don’t expect them to remain cheap for long.

Loncor is an advertiser. I own shares. That makes me biased. I don’t share in your gains or losses so take some responsibility for your own trading decisions. It’s your money after all.

Loncor Resources Inc
LN-TO $.60 (Mar 04, 2020)
LONCF-OTCBB 102.2 million shares
Loncor website

Courtesy of Bob Moriarty, 321gold
Archives
Mar 5, 2020

Source: http://www.321gold.com/editorials/moriarty/moriarty030520.html

AGORACOM Welcomes Mota Ventures With Combined Total Sales of Almost $29,000,000 with a EBITDA of Approximately 12.5% in 2019 $APH.ca $GBLX $PFE $ACG.ca $ACB.ca $WEED.ca $HIP.ca $WMD.ca $CGRW

Posted by AGORACOM at 6:03 PM on Wednesday, March 4th, 2020
http://www.smallcapepicenter.com/Mota%20Square%20Logo%20For%20Blog.jpg
C:MOTA – Mota Ventures Corp

Mota Ventures Highlights

  • $29,000,000 in combined sales with EBITDA of approximately 12.5% (2019)
  • Revenue generating, EBIDTA positive Direct to Consumer E-commerce retailer
  • One of the Leaders in Online CBD Sales in North America with First Class CBD
  • Formalized Joint Venture With Bevcanna Enterprises Read More
    • Will share equal ownership in the Joint Venture and will be jointly responsible for developing and funding its operations
    • Company will provide manufacturing, marketing and distribution infrastructure in the European market.
    • Parties have determined an initial product launch and will provide further details on specific regions and timing once finalize
  • Announced Collaboration for Sativida US Expansion Read More 
    • Unified Funding will provide assistance to Sativida with product sourcing, packaging, shipping, payment infrastructure and marketing
    • Sativida has become the number one search-ranked online retailer of CBD products in Spain and Mexico
  • Entered into Licensing Agreement with Phenome One Read More
    • A privately held full-service live genetic and seed preservation cannabis company.
    • Mota will have full access to Canada’s largest live genetic cannabis library with over 350 cultivars
    • Mota will have the right to propagate, cultivate, harvest and process a minimum of 10 selected cultivars

Mota Ventures Corp. (CSE:MOTA) (FSE: 1WZ:GR) (OTC: PEMTF) (the “Company“) is pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.

The Company announces that it has engaged AGORA Internet Relations Corp. (“AGORACOM”) for an initial twelve month term, to provide online advertising and marketing services to the Company.  In consideration for the provision of services, AGORA is entitled to a fee of $60,000, to be paid in five equal tranches over the term.  AGORA has agreed to accept the fee in common shares of the Company, to be determined based on the market price of the shares at the time of issuance.  All common shares of the Company issued to AGORA will be subject to a four-month-and-one-day statutory hold period in accordance with the policies of the Canadian Securities Exchange.

The Mota Ventures HUB is live and can be found at https://agoracom.com/ir/motaventures.

Mota will receive exposure through content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise brand awareness of the Company among small cap investors. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge.

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served.

About Mota Ventures Corp.

Mota Ventures Corp. is seeking to become a vertically integrated CBD company with operations in Europe and the Americas. Its wholly-owned subsidiary, First Class CBD, is a profitable online retailer of CBD and CBD-infused products in the United States and the Company is currently in the process of acquiring Sativida, a successful online retailer CBD and CBD products in Europe. Mota Ventures, through a wholly-owned subsidiary, holds a license to cultivate non-psychoactive cannabis and produce CBD in Colombia and is developing cultivation operations on its 2.5-hectare site in Guasca, Colombia. Mota Ventures believes that low cost CBD production at its property in Colombia coupled with its international, direct-to-customer sales channels will propel its continued success.

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

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Cautionary Note Regarding Forward-Looking Statement

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to the Company within the meaning of applicable securities laws, including with respect to research and development projects with the University, its plans to become a vertically integrated global CBD brand, its plans to cultivate and extract cannabis to produce CBD and high-quality value added CBD products in Latin America for distribution domestically and internationally and its plans to acquire revenue-producing CBD brands and operations in Europe and North America. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

CLIENT FEATURE: Datametrex $DM.ca – An Artificial Intelligence #AI and Machine Learning Company, Clients Include: Canadian Government and Health Canada

Posted by AGORACOM-JC at 5:25 PM on Wednesday, March 4th, 2020

Artificial Intelligence and Machine Learning Company Focused on Social Media Discovery and Fake News Detection

Clients Include: Canadian Federal Government, DRDC, Health Canada, LOTTE

CTV News Cites Datametrex (DM:TSXV) For Proof That Foreign-Controlled Bot Networks Hit Canadian Election

Company Reported Record Quarter With $1,683,985 In Revenue

  • Reported (Q3-2019) revenues of $1,683,985 compared to $589,648, up by 186%
  • For the nine months operations, company reported revenues of $2,559,068 compared to $1,872,944, up by 37%
  • Cash position improved significantly, $812,853 compared to $66,296 in the previous quarter

Recent Achievements:

  • Secured the second contract of a multi phase R&D program through the Department of National Defence’s Innovation for Defence Excellence and Security (IDEaS) program with a value of approximately $945,094.
  • Software licencing contract with GreenInsightz Limited for the use of its proprietary Nexalogy’s Artificial Intelligence software platform for a value of approximately $1 million in cash and shares
  • Secured another contract with a division of Lotte for approximately $1,000,000.
  • Participated in NATO Research Task Group in Paris, France.

The Technology:

NexaIntelligence

Social-media discovery and monitoring platform for those who need to extract actionable insights out of discussions to inform decision-making.

Current languages supported: English, French, Russian, and Korean (more coming soon).

The system collects and analyses data from Twitter, Facebook, Tumblr, blogs, web forums, online news sites, Google Alerts and RSS feeds. With it, you’ll be able to make qualitative analyses based on both quantitative and qualitative data so you can provide context for the numbers, not just spreadsheets.

When exploring Twitter data, users immediately have access to:

  • An interactive timeline showing peaks of activity
  • Most frequent publishers and most frequently mentioned accounts
  • Most common words and hashtags
  • A lexical map that automatically clusters conversations to show common patterns of interactions and key topics
  • A geolocation-based heat map

FULL DISCLOSURE: Datametrex AI Limited is an advertising client of AGORA Internet Relations Corp.

States launch ‘trusted information’ efforts against fake news on social media – SPONSOR: Datametrex AI Limited $DM.ca

Posted by AGORACOM-JC at 11:48 AM on Wednesday, March 4th, 2020

SPONSOR: Datametrex AI Limited (TSX-V: DM) A revenue generating small cap A.I. company that NATO and Canadian Defence are using to fight fake news & social media threats. The company announced three $1M contacts in Q3-2019. Click here for more info.

States launch ‘trusted information’ efforts against fake news on social media

  • Wrong claims in Maine that Election Day is on different days for Republicans than for Democrats.
  • The misinformation on social media is contributing to a heightened alert ahead of Super Tuesday, when millions of Americans are expected to cast 2020 primary ballots.

By Brian Fung, CNN

(CNN)A Facebook account impersonating the Swain County board of elections in North Carolina. Unfounded rumors that Tarrant County, Texas, doesn’t have former Vice President Joe Biden on the ballot.

Wrong claims in Maine that Election Day is on different days for Republicans than for Democrats. The misinformation on social media is contributing to a heightened alert ahead of Super Tuesday, when millions of Americans are expected to cast 2020 primary ballots.

“Misinformation is the most likely source of trouble we’re going to experience this year,” Keith Ingram, elections director at the Texas Secretary of State’s office, told CNN.   State officials say misinformation poses as big a threat to elections as cyber-attacks that could cripple voting infrastructure.

So to counter the bad information online, states are increasingly going on the offensive — trying to spread good information to inoculate the public. But while experts commend the effort, many have questions about its effectiveness — and some say states could be doing more.   Earlier this week, California’s secretary of state sent emails to the 6.6 million registered voters with email addresses on file, directing them to the state’s election education guide. North Carolina’s board of elections ran radio ads recently reminding voters that photo identification will not be necessary in the state on Super Tuesday, thanks to a recent court ruling. Ingram said Texas’s online portal for accurate election information, votetexas.gov, is being “pounded in people’s minds” through social media.  

And across the country, officials are using the hashtag #trustedinfo2020 to tell Americans exactly where to find the bedrock truth for election information.   “Your source for #TrustedInfo2020 is ALWAYS your state and county election officials,” Oklahoma’s state election board tweeted last week — pointing voters to an internet portal for identifying polling places and requesting absentee ballots. The hashtag campaign is organized by the National Association of Secretaries of State (NASS).

Drowning out misinformation

By flooding the zone with constructive content, states are hoping to drown out negative or harmful material. It’s an idea linked to a growing body of research on online extremism, which has found that offering a contrasting view against hate speech can minimize its impact and lead to more engagement for the positive messages on social media.  

“The #trustedinfo2020 campaign is really a sort of reminder to people that there are resources that they can trust if they hear something or if they have some question about the news,” said Maine Secretary of State Matthew Dunlap in an interview with CNN.  

Meanwhile, in California, Secretary of State Alex Padilla has taken out ads on social media to promote the visibility of accurate information, according to Sam Mahood, an agency spokesman. In some cases, Mahood said, posts from the secretary’s official social media accounts correcting online misinformation were picked up by news outlets who helped further suppress the spread of false claims.  

Social media platforms have also dramatically improved their relationships with states compared to 2016 and 2018, election officials said. Whereas some states once lacked ways to contact Facebook or Twitter in earlier cycles, that’s changed, said Ingram.   “They’ve all made themselves accessible,” he said. “They all have folks who reach out to us, and we have their [contact] information.”   The same goes for the federal government.

The Department of Homeland Security has established real-time communications channels for state and local officials to share reports of suspicious activity. Those portals are mostly focused on cybersecurity threats. But the US government will “continue to plan for the worst” as it anticipates Russia continuing its misinformation efforts this year, acting Homeland Security secretary Chad Wolf told CNN last week in North Carolina.  

Wolf also called on voters to make sure they are “getting their information straight from the source.”

States reaching out to social media

As recently as last week, Facebook removed a misleading page that falsely told North Carolina voters they could fill out one bubble on a general-election ballot in order to vote for a single party across all eligible races, said Patrick Gannon, a spokesman for the state board of elections.

The page risked confusing North Carolinians and damaging trust in the democratic process, he added, but Facebook removed it at the state’s request.   Still, playing Whack-a-Mole against individual cases of misinformation is no substitute for providing credible information, according to state officials.  

Experts say awareness campaigns like #trustedinfo2020 are critical to improving public trust in the democratic process.   But, they added, there’s no single solution for a problem as abstract and multi-faceted as online misinformation, said Matt Sheehan, managing director of the Center for Public Interest Communications at the University of Florida.  

“I wish there was a fix as simple as a hashtag, but it runs counter to how we’re wired as humans,” he said. “Our personalities and worldviews color the information we find credible, or seek out as consumers.”   The dedication of those trying to mislead voters, as well as the natural ebb and flow of ordinary misinformation, makes it hard for officials to compete, said Rachel Goodman, an attorney at the civil society nonprofit Protect Democracy.  

“The unfortunate reality is, because there’s so many resources on the misnformation side,” she said, “it’s hard to see until we’re really in the crucible how it really measures up.”   By some estimates, the #trustedinfo2020 campaign doesn’t appear to have spread very far. One researcher who analyzed the hashtag told CNN that since late last year, it has been mentioned in about 10,000 tweets, mostly in posts created by election officials themselves. NASS declined to comment.   “Ten thousand mentions since mid-November is a relatively low volume,” said Ben Nimmo, a nonresident senior fellow at the Atlantic Council’s Digital Forensic Research Lab. “It shows there’s been some pickup, but it’s not a viral phenomenon yet.”   Source: https://edition.cnn.com/2020/03/02/politics/state-efforts-against-social-media-misinformation/index.html

American Creek Resources $AMK.ca Reports Gold Equivalent Results for All Drill Holes at Treaty Creek $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca

Posted by AGORACOM at 9:38 AM on Wednesday, March 4th, 2020
  • P&E Mining Consultants Inc. Provides Drill Hole Spacing Recommendation for the 2020 Drill Plan
  • Calculations include credit for previously analyzed values for Cu and Ag
  • Newly discovered NE Extension within the 300 Horizon. The gold-only result of 1.27 gpt Au over a 252 metre (m) interval increased to 1.51 gpt AuEq, an increase of 18.9%.

Cardston, Alberta–(Newsfile Corp. – March 4, 2020) – American Creek Resources Ltd. (TSXV: AMK) (the “Company”) is pleased to announce the results of gold-equivalent (AuEq) calculations for all drilling completed at JV partner Tudor Gold’s (“Tudor”) flagship project Treaty Creek. These calculations include credit for previously analyzed values for Cu and Ag. Geological analysis and reinterpretation of all the drill holes to date exposed a new copper horizon (CS 600 horizon) as well as significant silver and copper mineralization throughout the Goldstorm system.

The strongest AuEq increase was seen in the newly discovered NE Extension within the 300 Horizon. The gold-only result of 1.27 gpt Au over a 252 metre (m) interval increased to 1.51 gpt AuEq (with 13.8 gpt Ag and 504 ppm Cu), an increase of 18.9%.

All drill holes at Goldstorm Zone had significant increases to the composite results when the AuEq values for the copper and silver mineralization were included however when the drill holes intersected the CS-600 Horizon, the copper values within this mineralized body had the greatest impact to an individual horizon with up to 79.8% increase to the AuEq value from a gold-only 0.39 gpt Au over 150m to 0.70 gpt AuEq over the same 150m interval.

P&E Mining Consultants Inc. were retained to assess all Goldstorm drill hole results and historical data in order to render an opinion as to the consistency of the gold mineralization as well to ascertain the recommended drill hole spacing that would be required to potentially derive an Indicated Mineral Resource and a Measured Mineral Resource. P&E Mining Consultants Inc. concluded the following:

Three dimensional continuity analyses of the Treaty Creek drill hole assay results were carried out for the Goldstorm Zone. The regional geological trend was used to guide the selection of horizontal, across-strike, and dip-plane directions during variogram fan analysis. Variogram fans were generated separately for Ag, Au, Cu, Pb, and Zn uncapped composite samples in each zone.

All modeled semi-variograms display a very low nugget effect, and display long range continuity down the plunge of the mineralization and along the regional strike of the deposits.

For the Goldstorm Zone, a drill spacing of 200 m is recommended for Indicated Mineral Resources, and 100 m for Measured Mineral Resources.”

Tudor’s goal is to design a diamond drill hole program that will fast-track the exploration program for 2020 with the objective to begin the Mineral Resource Estimate work as soon as possible.

Vice President of Project Development Ken Konkin P.Geo. comments: “We are very encouraged to see that the silver and copper mineralization has made an important impact to the AuEq results from our recent drilling as well as the historical drilling. The next step is to plan the drill hole program for the 2020 exploration season. We continue to work with our Mineral Resource Estimate geologists and engineers from P&E Mining Consultants to plan the drill hole program in order to optimize the drilling and to attempt to fast-track the exploration program for this coming drill season

Table l provides gold equivalent composites from the 2019 drilling and all historical drilling within the Goldstorm Zone. Table ll contains the drill data including collar location, depth of drill holes as well as the dip and azimuth for all drill hole.

TABLE l: Au Eq COMPOSITES GOLDSTORM ZONE

SectionHOLE IDFrom ToInterval (m) AuEq
g/t
Au
g/t
Ag
g/t
Cu
ppm
% increaseHorizon
107+00 NECB-17-291.20575.00573.800.3210.2780.922415.5%300
107+00 NECB-17-2960.50333.50273.000.4350.3921.119711.0%300
107+00 NECB-17-2960.50176.00115.500.7280.6851.91426.3%300
107+00 NECB-18-32196.50783.50587.000.5420.4971.61779.1%300 + CS600
107+00 NECB-18-32196.50316.50120.001.0821.0451.71063.5%300
107+00 NECB-18-34419.00711.50292.500.4990.4612.4638.2%300
107+00 NECB-18-34831.50897.5066.000.2900.2211.336131.2%CS600
108+00 NECB-17-0941.00545.00504.000.5490.4882.322512.5%300
108+00 NECB-17-0941.00200.00159.000.7820.7082.926110.5%300
108+00 NECB-17-123.00243.50240.500.8480.7972.61396.4%300
108+00 NECB-17-1233.00224.00191.000.9790.9233.01346.1%300
108+00 NECB-17-243.50563.00559.500.6180.5762.01217.3%300
108+00 NECB-17-2462.00275.00213.001.0180.9453.91807.7%300
108+00 NECB-17-243.50686.00682.500.5630.4981.828813.1%300
108+00 NECB-18-36659.50772.00112.500.4870.4541.8747.3%300
108+00 NECB-18-36659.50704.5045.000.7330.6882.7886.5%300
108+00 NECB-18-36682.00703.0021.001.1011.0354.6796.4%300
108+00 NECB-18-3820.50638.00617.500.4650.4291.31378.4%300
108+00 NECB-18-38248.50353.00104.500.7330.6393.436014.7%300
108+00 NECB-18-38468.50638.00169.500.6830.6591.1763.6%300
108+00 NEGS-19-4023.00350.00327.000.5010.4431.7225113.1%300
108+00 NEGS-19-4081.50127.0045.501.0600.9074.9263416.9%300
108+00 NEGS-19-4127.50353.00325.500.7240.5895.2548022.9%300
108+00 NEGS-19-4147.00146.0099.001.2521.0159.8380023.3%300
109+00 NECB-16-0388.00708.00620.000.5820.5341.52029.0%300
109+00 NECB-16-03112.00426.00314.000.7920.7332.22208.0%300
109+00 NECB-17-04152.10327.00174.900.8270.8031.0763.0%300
109+00 NECB-17-2712.50536.00523.500.6880.6401.61977.5%300
109+00 NECB-17-2712.50350.00337.500.8070.7582.01696.5%300
109+00 NECB-18-31404.00680.50276.500.5260.4941.41006.5%300
109+00 NECB-18-31481.00597.00116.000.7730.7321.81245.6%300
109+00 NECB-18-33B599.00623.0024.000.4350.3675.42218.5%300
109+00 NEGS-19-4368.00561.50493.500.6080.5661.361747.4%300 + CS600
109+00 NEGS-19-43141.50197.0055.501.0681.0052.622116.3%300
109+00 NEGS-19-43405.50561.50156.000.7850.7181.503259.3%CS600
109+00 NEGS-19-44101.00368.00267.000.8670.8073.301347.4%300
109+00 NEGS-19-44125.00275.00150.001.1431.0654.621517.3%300
109+00 NEGS-19-4544.00369.50325.500.7650.7191.911546.4%300
109+00 NEGS-19-4562.00278.00216.000.9470.9012.271225.1%300
109+00 NEGS-19-45105.00278.00173.001.0541.0002.631445.4%300
109+00 NEGS-19-4634.50628.50594.000.5500.5101.311657.8%300 + CS600
109+00 NEGS-19-46175.50337.50162.000.7780.7341.931356.0%300
109+00 NEGS-19-46564.00600.0036.001.4251.3281.125607.3%CS600
110+00 NECB-17-06182.50589.50407.000.7670.6753.136913.6%300
110+00 NECB-17-06222.00393.50171.500.9140.8143.737912.3%300
110+00 NECB-17-0799.50530.00430.500.6970.6252.429311.5%300
110+00 NECB-17-07162.50309.50147.001.1551.0284.945712.4%300
110+00 NECB-18-37B125.00819.50694.500.5020.4591.21969.4%300
110+00 NECB-18-37B300.50423.50123.001.0020.9442.02346.1%300
110+00 NECB-18-37B125.00912.00787.000.4730.4271.221210.8%300 + CS600
110+00 NEGS-19-50148.00725.50577.500.6810.6021.9937213.1%300 + CS600
110+00 NEGS-19-50160.00427.00267.000.8780.8112.673008.3%300
110+00 NEGS-19-50652.00736.0084.000.8160.5712.53144442.9%CS600
110+00 NEGS-19-51119.00365.00246.000.7770.7222.311877.6%300
110+00 NEGS-19-51578.00618.5040.501.3041.0192.94169328.0%CS600
110+00 NEGS-19-53108.00255.00147.001.0360.9843.07985.3%300
111+00 NECB-18-39141.50705.30563.801.0860.9814.435210.7%300
111+00 NECB-18-39141.50422.00280.501.2741.1415.544911.7%300
111+00 NECB-18-39539.00695.00156.001.2471.1544.62578.1%300
111+00 NEGS-19-4897.501024.50927.000.7930.6773.0054317.1%300 + CS600
111+00 NEGS-19-4897.50426.00328.501.1521.0484.303549.9%300
111+00 NEGS-19-48871.50940.5069.001.4830.9373.90336458.3%CS600
111+00 NEGS-19-4981.00907.50826.500.8000.6963.4042914.9%300 + CS600
111+00 NEGS-19-4981.00330.00249.001.0800.9985.101378.2%300
111+00 NEGS-19-49483.00606.00123.001.0420.9411.8053810.7%300
111+00 NEGS-19-49747.00832.5085.501.4941.06710.50203540.0%CS600
111+00 NEGS-19-5262.00663.50601.500.7830.6683.2551317.2%300 + CS600
111+00 NEGS-19-5262.00398.00336.001.0621.0042.651825.8%300
111+00 NEGS-19-52513.50663.50150.000.7030.3916.49158379.8%CS600
112+50 NEGS-19-4263.50843.50780.000.8490.6835.8065024.3%300 + CS600
112+50 NEGS-19-4263.50434.00370.501.2751.09710.0039316.2%300
112+50 NEGS-19-4263.50315.50252.001.5081.26813.8050418.9%300
112+50 NEGS-19-42717.70843.50125.800.9020.5223.80225372.8%CS600
114+00 NEGS-19-47117.501199.001081.500.6970.5893.4045018.3%300 + CS600 + DS
114+00 NEGS-19-47200.00501.50301.500.8670.8282.10964.7%300
114+00 NEGS-19-47665.00816.50151.501.0090.5728.90222876.4%CS600
114+00 NEGS-19-47933.501176.50243.000.9960.9084.802079.7%DS

* All assay grades are uncut and intervals reflect drilled intercept lengths. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.

HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.

**Metal prices used to calculate the AuEq metal content are: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. All metals are reported in USD and calculations do not consider metal recoveries



TABLE ll: Goldstorm Zone Drill Hole Data

To view an enhanced version of Table II, please visit:
https://orders.newsfilecorp.com/files/682/53123_d9cc75b334875995_001full.jpg

The goal is to design a diamond drill hole program for the 2020 exploration program with the objective to begin the Mineral Resource Estimate work at the end of the 2020 field season. Tudor hopes to accomplish as much drilling needed to bring a Measured and Indicated Mineral Resource Estimate forward as quickly as possible.

Walter Storm, President and CEO, stated:These new gold equivalents are extremely encouraging as our technical team continues to take positive steps advancing Tudor Gold’s flagship Treaty Creek Au-Ag-Cu project. Furthermore we received good news from P&E Mining Consultants Inc. that the drill hole spacing required to derive a Measured Resource is 100 meters due to the homogenous nature of the AuEq composites obtained to-date. During the new few weeks, our geologist and engineers will continue to work with the geological model and begin to prepare the diamond drill hole proposal for 2020.”

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three gold/silver properties in the heart of the Golden Triangle; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor, as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

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

Experts Talk Deepfake Technology at NYU Conference – SPONSOR: Datametrex AI Limited $DM.ca

Posted by AGORACOM-JC at 5:00 PM on Tuesday, March 3rd, 2020

SPONSOR: Datametrex AI Limited (TSX-V: DM) A revenue generating small cap A.I. company that NATO and Canadian Defence are using to fight fake news & social media threats. The company announced three $1M contacts in Q3-2019. Click here for more info.

Experts Talk Deepfake Technology at NYU Conference

  • Deepfakes are fabricated videos made to appear real using artificial intelligence
  • In some cases, the technology realistically imposes a face and voice over those of another individual

Andrew Califf, Contributing Writer

The Greenberg Lounge in Vanderbilt Hall was packed full by attendees listening to keynote speaker Kathryn Harrison from the DeepTrust Alliance. The NYU Journal of Legislation and Public Policy as well as the Center for Cybersecurity hosted the conference at NYU Law about the problem of deepfakes and the law. (Staff Photo by Alexandra Chan)

Laughter rippled through NYU Law School’s Greenberg Lounge Monday morning after the founder and CEO of DeepTrust Alliance, a coalition to fight digital disinformation — Kathryn Harrison — played a video of actor Jordan Peele using deepfake technology to imitate President Obama.

Deepfakes are fabricated videos made to appear real using artificial intelligence. In some cases, the technology realistically imposes a face and voice over those of another individual.

The technology poses implications such as harassment, the spread of disinformation, manipulation of the stock market, theft and fear-mongering, Harrison said.

Harrison and other professionals spoke at Vanderbilt Hall this Monday at an NYU Center for Cybersecurity and the NYU Journal of Legislation & Public Policy conference to spread awareness about this deceptive technology, and to look at technological, legal and practical ways to combat the deception.

The professionals consisted of journalism, legal and cybersecurity experts who combat troubles posed by the rapidly developing technology in different ways.

The tone of the room shifted to silence as Harrison continued her keynote speech to discuss how the technology was used to harass Rana Ayyub — an Indian journalist who was critical of Prime Minister Narendra Modi — by putting her face into pornographic material.

“Imagine if this was your teenage daughter, who said the wrong thing to the wrong person at school,” Harrison said.

Distinguished Fellow at the NYU Center for Cybersecurity Judi Germano said the solution for combatting deepfakes is two-fold.

“There is a lot of work to be done to confront the deepfakes problem,” Germano told WSN. “In addition to technological solutions, we need policy solutions.”

Germano moderated the event’s first panel, which specifically focused on technology, fake news and detection of deepfakes. She also discussed the role deepfakes play in the spread of disinformation.

Despite how innovative deepfake technology is, experts such as Corin Faife — a journalist specializing in AI and disinformation — consider them to be a new form of an old problem.

“One of the important things for deepfakes is to put it into context of this broader problem of disinformation that we have, and to understand that that is an ecosystemic problem,” Faife explained to WSN in an interview. “There are multiple different contributing factors, and [the technological solutions] are no good if people won’t accept that a certain video is false or manipulated because of their preexisting beliefs.”

This line of thought is why some are hesitant to push through legislature regarding deep fake technology. The director of the American Civil Liberties Union’s Speech, Privacy and Technology Project, Ben Wizner, took this position during the second panel on how legislature should evolve to deal with deepfakes.

Since deepfakes are a means to commit illegal acts, Rob Volkert, VP of Threat Investigations at Nisos, understands his fellow panelist’s mindset. Volkert said he also struggles with pinpointing who to accuse.

“The responsibility is on the user, not on the platform,” Volkert told WSN in an interview after explaining how the market for deepfake software does not need to hide in the dark web.

Deepfake technology is an ominous cloud approaching the presidential election and that is why it was an appropriate topic for this event, Journal of Legislation and Public Policy board member Lisa Femia said. 

Facebook’s Cybersecurity Policy Lead Saleela Khanum, who spoke during the conference, raised a point about public trust during elections.

“There should not be a level of distrust that we therefore trust nothing,” Khanum said to the audience.

Email Andrew Califf at [email protected].

Source: https://nyunews.com/news/2020/02/03/nyu-deepfakes-conference

As exit scene evolves, Indian #Edtech startups find local buyers – SPONSOR: BetterU Education Corp. $BTRU.ca $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 4:21 PM on Tuesday, March 3rd, 2020
SPONSOR:  BetterU Education Corp. aims to provide access to quality education from around the world. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.

As exit scene evolves, Indian tech startups find local buyers

  • Exits often happen at an early stage for small, undisclosed sums
  • Exits are important for the startup ecosystem because investors get returns and VC money can flow back to support new entrepreneurs

By: Malavika Velayanikal

BENGALURU : Funding, product-market fit, growth hacks, being agile, scaling—entrepreneurs obsess about all these and more when they start up. Exits are far from their thoughts, till they suddenly find themselves in a situation where they’re scrambling to get their books in order for an acquisition. It’s best to have an open mind, even if one can’t predict how a startup will fare.

Big deals like Walmart’s $16 billion acquisition of Flipkart in 2018 are as rare as the Comet Halley. Last year’s biggest acquisition was of Yatra by Ebix for $338 million. Most deals are much smaller. Data tracker Tracxn puts the median value of startup acquisitions last year at $20 million, taking into account only the ones where the acquisition price was disclosed.

Exits often happen at an early stage for small, undisclosed sums. CB Insights research shows nearly half of all exits last year were of startups that hadn’t gone beyond seed or series A funding.

Reasons to exit vary. For some, it’s an opportunity to take the money on the table for founders, employees and investors, while placing the innovation in an environment where it can go mainstream and grow bigger. For others, it may just be a better outcome than the startup shutting down or becoming a zombie. Some are acqui-hires, where a startup is acquired for its tech talent rather than a product or service.

“If you’re not able to build a business as a standalone profitable organization or attract the kind of capital needed for a venture funded business, there’s no shame in exploring opportunities in mergers and acquisitions,” says Rohan Malhotra, partner at Good Capital. “Often a missing piece that a small company provides is just what a large company has been looking for and is often beneficial for all the shareholders across the transaction.”

MAKING MONEY FLOW

Exits are important for the startup ecosystem because investors get returns and VC money can flow back to support new entrepreneurs. The Flipkart deal did a lot in that respect, but mid-sized deals are just as vital as outliers.

Many of these represent strategic business acquisition or consolidation. For example, last month Bengaluru-based digital payments startup Instamojo acquired Gurugram’s SaaS startup GetMeAShop, which helps kirana stores get online. One of the significant inbound deals last year was Cisco’s acquisition of Bengaluru-based customer analytics startup CloudCherry, which had raised $16 million in seed and series A funding.

Reliance Industries has taken the lead in corporate acquisitions of startups. Fashion etailer Fynd, website creator Nowfloats, hyperlocal restaurant delivery service Grab, fluid dynamics software maker Sankhyasutra Labs and drone maker Asteria were among its acquisitions last year. Also, an edtech startup it had acquired earlier, Embibe, merged with personalized digital learning app Funtoot. Reliance Jio also acquired Haptik for its AI virtual assistants.

Apart from mergers and acquisitions, early stage investors also get exits from follow-on funding rounds when larger VCs come in. “Investors need liquidity which often comes from secondary transactions,” says Neha Singh, co-founder of Tracxn.

SoftBank’s mega investments in India, starting in 2014, moved the needle the most, preceded by US’ Tiger Global. But the WeWork implosion has put SoftBank on the back foot as it had to write off $4.6 billion from its investment in the office space company. This has put a spanner in the works of late stage deals in recent times, although Indian startups raised a record $14.5 billion last year, according to Tracxn. That’s more than three times the $4.3 billion invested in the slowdown year of 2016, which followed the exuberance of the previous two years.

THE LOCAL CYCLE

“Like investments, exits have also improved along with the quality of entrepreneurs,” says Manish Singhal, founding partner at Pi Ventures. He cites last week’s example of customer engagement platform Freshworks acquiring AnswerIQ, which offers AI-assisted self-service. “The most interesting piece that has moved in the last couple of years is that Indian startups are buying Indian startups,” he says.

The local cycle of investment and exit would reduce dependence on external factors going forward. “What excites me is that people in India are starting to appreciate technology developed in India. That’s why local acquisitions are happening,” he says.

Singhal doesn’t worry about a large number of acquisitions being small pops rather than high value deals. “As an angel investor, if I get a small exit, I will put the money in some more companies. Anything that circulates money in a rather constipated investment scene in India is good for the ecosystem.” Source: https://www.livemint.com/companies/start-ups/as-exit-scene-evolves-indian-tech-startups-find-local-buyers-11583076229165.html

Loncor $LN.ca Announces Appointment of John Barker as Vice President of Business Development $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM #PDAC2020

Posted by AGORACOM at 10:09 AM on Tuesday, March 3rd, 2020
This image has an empty alt attribute; its file name is Loncor-Small-Square.png

Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQB: “LONCF”) is pleased to announce the appointment of Mr. John Barker as Vice President of Business Development for Loncor.

Arnold Kondrat, Chief Executive Officer of Loncor, commented: “We welcome John Barker as Vice President of Business Development for Loncor.  Mr. Barker has over 30 years of global mining experience encompassing many key elements of the mining world, and I look forward to working with him and the team to unlock the potential evident in the Ngayu gold belt.” 

Mr. Barker has 15 years’ experience as a leading mining analyst, including with RBC DS heading up their Global Gold Mining initiative and focussing on African mining equities.  Subsequently, he was Vice President Corporate Development for TSX-listed SouthernEra Resources, which was taken over by Lonmin, and was instrumental in the Guinor Gold sale to Crew Gold.  More recently he has been involved in various copper, diamond and platinum initiatives in Southern Africa.  During his career he has been involved in numerous asset sales and equity issues raising over US$600m in Canada, Australia, Europe and RSA.  Mr. Barker commented: “Loncor offers the chance to get involved in a region of the world that is only now starting to show its true gold producing potential through the success of the Barrick-operated Kibali gold mine.  The Ngayu belt holds the potential of similar discoveries and I am excited on helping the company utilise its vast in-country experience to realise value for all.” 

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 early 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 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 1.675 million ounces of gold (20.78 million tonnes grading 2.5 g/t Au), with 71.25% of this resource being attributable to Loncor via its 71.25% interest. 

Resolute Mining Limited (ASX/LSE: “RSG”) owns 25% 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.  Newmont Goldcorp Corporation (NYSE: “NEM”; TSX: “NGT”) owns 7% of Loncor’s outstanding shares. 

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

Affinity Metals $AAF.ca Announces First Tranche Closing of Private Placement Financing $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM at 10:02 AM on Tuesday, March 3rd, 2020
This image has an empty alt attribute; its file name is Affinity_Metals_Corp_Logo.png

Affinity Metals Corp. (TSXV: AFF) (“Affinity” or the “Company“) announces that it has closed the first tranche (the “First Tranche“) of its non-brokered private placement (the “Offering“) previously announced on February 6, 2020. Under the First Tranche, the Company has issued 1,960,000 units for gross proceeds of $392,000. No finder’s fees were paid in connection with the First Tranche.

All securities issued under the First Tranche are subject to a hold period expiring June 29, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

A company owned by Sean Pownall, a director of the Company (the “Insider“), participated in the private placement and purchased 625,000 units for aggregate gross proceeds of $125,000. Participation by the Insider in the private placement is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider’s participation in the private placement in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Offering by the Insider did not exceed 25% of the fair market value of the Company’s market capitalization The Company did not file a material change report at least 21 days prior to the First Tranche closing of the Offering as participation of the Insider had not been confirmed at that time.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

About Affinity

Affinity is a Canadian mineral exploration company focused on advancing the Regal polymetallic project located near Revelstoke, British Columbia, Canada.

Information related to the Company and the Regal project can be found on the Company’s website at:www.affinity-metals.com.

On behalf of the Board of Directors

Robert Edwards
CEO and Director of Affinity Metals Corp.
The Company can be contacted at: [email protected] or by phone at 604-227-3554.