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Global Energy Storage to Hit 158 Gigawatt-Hours by 2024, Led by US and China SPONSOR: $HPQ.ca Silicon $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 2:10 PM on Wednesday, November 6th, 2019

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Global Energy Storage to Hit 158 Gigawatt-Hours by 2024, Led by US and China

Wood Mackenzie Power & Renewables projects a thirteenfold increase in grid-scale storage over the next six years. Here’s a market-by-market breakdown.

  • Report projects that energy storage deployments will grow thirteenfold over the next six years, from a 12 gigawatt-hour market in 2018 to a 158 gigawatt-hour market in 2024. 
  • Equates to $71 billion in investment into storage systems excluding pumped hydro, with $14 billion of that coming in 2024 alone.

By: Jeff St. John

For the energy storage industry, the past five years have been something of a stage rehearsal for a market explosion to come, led by the U.S. and China, but expanding to cover markets across the globe. 

That’s the picture painted by Wood Mackenzie Power & Renewable’s latest report, Global Energy Storage Outlook 2019: 2018 Year in Review and Outlook to 2024. Tuesday’s report projects that energy storage deployments will grow thirteenfold over the next six years, from a 12 gigawatt-hour market in 2018 to a 158 gigawatt-hour market in 2024. 

That equates to $71 billion in investment into storage systems excluding pumped hydro, with $14 billion of that coming in 2024 alone. This growth will be concentrated in the United States and China, which will account for 54 percent of global deployments by 2024, followed by Japan, Australia and South Korea in a second tier of growth markets, and Germany, Canada, India and the U.K. rounding out the list. 

Each of these markets is taking its own approach to integrating energy storage into its grid operations and market structures, from the state-by-state development in the U.S. to China’s five-year plan. But they share a commitment to relatively aggressive renewables growth targets, along with the attendant challenges of integrating an increasing share of intermittent wind and solar power into the grid.

And much like the renewables that are driving their growth, the batteries that make up the lion’s share of new storage systems being deployed are falling in price. That’s positioning them for a much broader integration into grid operations beyond renewables integration, Ravi Manghani, WoodMac’s head of storage research, noted in a Tuesday interview: “Over the last five years, the world began to experiment with storage; in the next five, storage will become a key grid asset.” 

Last year saw global energy storage deployments grow 147 percent year-over-year to reach 3.3 gigawatts, or 6 gigawatt-hours, the report states. That’s nearly double the average 74 percent compound annual growth rate for the industry from 2013 to 2018. In fact, last year’s deployments made up more than half of the total amount of storage deployed in the past five years, “indicating an inflection in storage demand,” Manghani said. 

This inflection point is measured not only in terms of project volume, but in the variety of regulatory and market structures allowing these projects to be financed and built, he noted. The past half-decade of energy storage growth has been driven by a relatively limited and isolated set of revenue streams, as well as government incentives designed to jump-start development in advance of the market structures to unlock the value of storage, he said. 

From 2019 to 2024, WoodMac projects a more mature but still early-stage compound annual growth rate of 38 percent for key storage markets, but with a far broader set of money-making opportunities for the systems being installed. This will include a shift from short-duration systems providing high-value, but limited-size markets such as frequency regulation, to long-duration systems that can start to displace diesel, oil and natural-gas peaker plants. 

A market-by-market breakdown

We’ve already covered WoodMac’s growth projections for the U.S. energy storage market, the world’s biggest at present, and still expected to retain that position by 2024, if only just ahead of China. The U.S. deployed a record 311 megawatts and 777 megawatt-hours of energy storage in 2018, but that market is expected to double in 2019 and triple in 2020, according to last month’s Energy Storage Monitor from WoodMac and the Energy Storage Association. 

This growth will continue to be driven by key markets like California, the country’s leader in behind-the-meter batteries, and other states with gigawatt-scale energy storage deployment mandates such as New York and Massachusetts. But it will also be driven by utilities adopting storage for capacity or as part of large-scale solar projects, as with recent large-scale contracts in Hawaii, Texas, Minnesota and Colorado.

And of course, Federal Energy Regulatory Commission Order 841, which orders the country’s regional wholesale market operators to open up energy, capacity and ancillary services markets to energy storage, will create new market opportunities. 

Turning to Asia, “we’ve seen China wake up in terms of energy storage, and slightly ahead of schedule,” Manghani said. China saw a 40 percent year-over-year energy storage market growth in 2018, driven by more than 300 megawatts, or nearly 500 megawatt-hours, of utility-scale deployment.

In November 2017, China’s government announced a 10-year plan for developing its own grid-scale energy storage industry. This was partly a means of supporting and building upon its already massive dominance in battery manufacturing for electric vehicles, but it’s also a response to China’s mounting grid challenges — namely, integrating the massive amounts of wind and solar power being built in remote western regions to the country’s urban east. 

And when China decides to build grid batteries, it builds them at scale. “The majority of the deployments are currently pilot-scale projects — but when China does pilot-scale projects, we’re talking about tens of megawatt-hours,” Manghani said. Last year saw one 101-megawatt/202-megawatt-hour energy storage project come online in Jiangsu, and another 240-megawatt/720 megawatt-hour project approved in Gansu to reduce renewables curtailment. 

In the next five years, several more large-scale energy storage projects to support grid reliability and flexibility are expected to come online. About 65 percent of China’s 2018 installed capacity was developed by the State Grid Corporation of China for ancillary services purposes, indicating the importance of central planning for growth. 

South Korea represents a similar story of how government planning can drive massive energy storage market growth, with a new policy to allow storage-backed wind and solar projects to earn renewable energy certificates worth five times their capacity value driving a massive boom in 2018. From less than 10 megawatt-hours deployed in 2017, South Korea’s utility-scale and commercial-industrial behind-the-meter deployments boomed to 1,100 megawatt-hours in 2018, with nearly $400 million in energy storage investments and a pipeline of projects that’s already overshot its goal of 800 megawatt-hours by 2020. 

Australia, by contrast, has been driven by solar-plus-storage projects on the residential side of the market, due to its competitive energy markets and the increasingly attractive economics of self-generated solar power. Australia led the world in residential storage in 2018 with 150 megawatts, or 300 megawatt-hours, of systems deployed. Japan ranked a close second in residential storage, taking a slight lead over Germany in terms of 2018 deployments, although Germany still retains the lead in total number of systems deployed, at about 860 megawatt-hours. 

At the same time, policy shifts can have an impact on global energy storage markets. The U.K. installed its own record-setting 408 megawatts/325 megawatt-hours of utility-scale storage in 2018. But as these figures indicate, this boom was largely in the form of shorter-duration battery systems, which could see their value decrease significantly under changes to the U.K.’s capacity market mechanism to de-rate shorter-duration systems in favor of multi-hour storage. 

At the same time, a November European court ruling against the U.K.’s capacity market mechanism — along with the broader uncertainty over how the country’s departure from the EU under Brexit could affect its energy future — has created challenges for the market. 

Likewise, in Canada, last year’s efforts to incorporate energy storage into wholesale markets in Ontario and Alberta have been counterbalanced somewhat by the new Ontario government’s decision to cancel hundreds of renewable energy projects.

Source: https://www.greentechmedia.com/articles/read/global-energy-storage-to-hit-158-gigawatt-hours-by-2024-with-u-s-and-china#gs.30yqxw

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Advance Gold’s $AAX.ca – Follow Up Geophysical Survey Identifies Large 1000 by 500 Metres Continuous Chargeability Anomaly $SIL.ca $FA.ca $ANG.jo $ABX.ca $NGT.ca $MGG.ca $TECK.ca

Posted by AGORACOM at 1:03 PM on Wednesday, November 6th, 2019

Kamloops, British Columbia–(Newsfile Corp. – November 6, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that the recently completed second phase of 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico, has significantly increased the size of its continuous chargeability anomaly. This anomaly now has an east-west width of approximately 400 to 500 metres and an apparent strike length of over 1000 metres. The anomaly remains open to the north and to the south and at depth.

Images below are east-west cross sections representing key portions of the overall anomaly where upcoming drilling will test this continuous chargeability anomaly.


Line 7350N

To view an enhanced version of Line 7350N, please visit:
https://orders.newsfilecorp.com/files/5492/49483_ee273a13f4482b50_001full.jpg


Line 7150N

To view an enhanced version of Line 7150N, please visit:
https://orders.newsfilecorp.com/files/5492/49483_ee273a13f4482b50_002full.jpg

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “After our first phase of geophysics, we identified a large chargeability anomaly with the highest chargeability at the southern end of the grid and still wide open. In that southerly direction we have elevation relief and it was also where the anomaly appeared to be closest to surface. Prior to drilling this anomaly, we decided to carry out a second phase of geophysics to see if the anomaly continued to the south. The second phase of geophysics has revealed that the anomaly actually has a much longer strike length and appears to be somewhat wider. This chargeability anomaly is now at least 1000 metres from north to south and approximately 400 to 500 metres from east to west. It sits below a network of veins with widespread gold and silver mineralization that ranges from anomalous to high-grade gold. There are three shafts on the property that go down around 100 metres that were used in the historical mining of the oxide zone of the Tabasquena vein. The geophysical anomaly is primarily right below those shafts, starting at approximately 200 metres below the underground workings. It is fair to say that we have identified a major target. Our next step will be to drill this target, we expect to start this shortly and will put out a news release once it has started.”

Gennen McDowall, Geophysical Advisor to Advance Gold Corp. commented: “This southerly extension to the original IP grid has shown that the large chargeability anomaly first detected in August is actually much bigger than originally thought and appears to strike right across the claim group and shows little evidence of ending either to the north or to the south and its depth extent is as of yet unknown. The chargeability anomaly is visible on every east-west IP line. The observed near surface mineralisation may be an expression of a much larger mineralised body underlying the entire Tabasquena project.”

Details of Geophysical Survey

The first 3D Induced Polarization survey was carried out by GEOFISICA TMC SA de CV, between August 3rd and August 14th, 2019. Approximately 9.6 kms of IP data was collected over the central portion of the company’s claims. This was followed up by a second phase of geophysics consisting of 5 east-west lines. The southerly extent of the second survey reached just beyond the Tesorito shaft. An off-set pole dipole array was used.

Data processing and inversion of the data was carried out using RES3DINV software. The inversion model was extended to approximately 550 metres below surface. 3D Voxel images together with a series of depth slices were generated (all available on the company’s website).

The main purpose of the IP survey was to map, laterally and at depth the evolution of the known gold and silver veins and to identify any new mineralised structures. The survey was designed in such a way to allow approximately 500 to 550 metres of vertical depth investigation.

The IP survey area encompassed the historic and new shafts that are located to the east of the Tabasquena and Nina veins that define a mineralised system that outcrops at surface for 2.0 km. From past exploration work, the Tabasquena vein was recognized over approximately 70 m along strike near the shafts but only at shallow depth (< 100 m).

The fourteen (14) vertical sections that were extracted from the 3D IP inversion voxels suggest the presence of (4) four main stratigraphic horizons (lithological units) mainly characterized by their resistivity signatures.

The IP data also clearly shows that the large polarisable body/target is apparently quickly deepening northward and getting closer to surface southward. The IP anomaly starts at around 100 metres below the past drill hole intersections that contained widespread gold and silver mineralization in epithermal veins.

Chargeability and resistivity anomalies are indicated on the IP sections (see report on company’s website) and are graded as per their relative strength. Those chargeability anomalies that are deemed to be caused by the same anomalous target are grouped together in what is called a polarisable axis. Only one main axis was delineated following the review of the IP data, which was labelled IPT-1 (Map C351-3 & Figure 11, report on company website). This axis is a single large amplitude continuous chargeability anomaly running north-south, coincident with the two shafts at Tabasquena, the Tesorito shaft and the surface projection of the mineralised veins. This anomaly has been categorized as having a high chargeability and is conductive. The anomaly has an average depth of approximately 250 to 300 meters. It should also be mentioned that this anomaly is visible on every line, albeit less intense on the most northerly line, as the target is becoming deeper to the north.

In conclusion

This geophysical work has now identified a large consistent chargeability anomaly that can be seen on all lines, implying a strike extent of at least 1000 metres and an apparent width of 400 to 500 metres. This observed IP anomaly could define a much wider mineralised system at depth.

The main recommendation of the original geophysical report was that prior to drilling the anomaly the 3D IP survey should be extended to the southeast for at least 1 km in the direction of the Tesorito shaft. This has now been completed and this new work has established that the main anomaly does in fact continue past the Tesorito shaft and is somewhat wider. A number of boreholes are now planned to intersect this anomaly.

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., and QP for Advance Gold and is the qualified person as defined by National Instrument 43-101 and he has read and approved the accuracy of technical information contained in this news release.

About Advance Gold Corp. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicolas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 13.23% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 86.77% of the Kakamega project is held by Barrick Gold Corporation.

For further information, please contact:

Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

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ThreeD Capital Inc. $IDK.ca – #China reverses decision to ban #crypto mining in 2020 $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:47 AM on Wednesday, November 6th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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China reverses decision to ban crypto mining in 2020

  • The plan to include cryptocurrency mining in China into a list of industries that would be banned in the country has reportedly been scrapped.
  • Earlier this year, the National Development and Reform Commission (NDRC) in China revealed it was considering putting crypto mining on a list of banned industrial activities, which would have effectively phased out the industry from the country.

By: Priyeshu Garg

The plan to include cryptocurrency mining in China into a list of industries that would be banned in the country has reportedly been scrapped. Earlier this year, the National Development and Reform Commission (NDRC) in China revealed it was considering putting crypto mining on a list of banned industrial activities, which would have effectively phased out the industry from the country.

Crypto mining industry now safe in China

The future of the crypto mining industry in China has been uncertain for the past six months, as the country’s State Council has been considering implementing guidelines that would have forced the entire industry out.

Back in April, the Chinese National Development and Reform Commission (NDRC) published a draft proposal of its Industry Restructuring Catalog, in which it recommended that crypto mining be put on a list of industries to be restricted in the country.

While just a draft, the proposal garnered a lot of negative reactions in China, with many industry leaders arguing that it could be detrimental to China’s dominance in the field. The country is not only home to some of the largest mining hardware manufacturers, including Bitmain, Canaan, and Ebang, but also has some of the largest mining operations in the world.

However, the country seems to have scrapped its plans to blacklist crypto mining, as NDRC has published an updated version of its guidelines that come into effect on Jan. 1, 2020.

According to local media reports, NDRC, which works under China’s State Council, has removed cryptocurrency mining from the list of industries that should be removed from the country. The catalog contains detailed descriptions of what constitutes “virtual currency mining.”

Half of Bitcoin’s hashpower will remain in China

Officials from NDRC held a press conference on Wednesday, Nov. 6, where they explained their decision behind updating the draft they published back in April. The commission said they received over 2,500 suggestions on how to deal with various issues raised by the draft catalog, adding that most of them were “taken into consideration.”

While there were no comments on NDRC’s decision to scrap plans for phasing out crypto mining, the commission was most likely responding to overwhelming pressure from the industry.

It’s important to note that even if the commission hadn’t changed its draft proposal, crypto mining wouldn’t have been immediately banned from the country. The proposal only included guidelines for local governments advising them on how to gradually phase out the burgeoning industry from the country, not legislation outlawing it.

When the news about the potential “ban” broke earlier this year, many argued that it could ultimately be beneficial to the industry, especially Bitcoin mining. The problem with Bitcoin mining centralization has been a looming one and dethroning China as the place responsible for more than half of Bitcoin’s hashpower could have brought much-needed decentralization to the space.

But, the latest NDRC guidelines show that Bitcoin mining will continue to be centralized in China—at least for now.

Source: https://cryptoslate.com/china-reverses-decision-to-ban-crypto-mining-in-2020/

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Advance Gold $AAX.ca – Largest Gold ETF Inflows in Three Years Boosted Demand for Yellow Metal in the Third Quarter

Posted by AGORACOM at 7:56 PM on Tuesday, November 5th, 2019

SPONSOR: Advance Gold AAX.v – Advance Gold controls 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. A cluster of 30 Epithermal veins have been discovered, with recent emphasis on exploring a large anomaly to drill. Advance also owns 15% of the Kakamega JV attached to Barrick Takeover Offer for Acacia Mining. Click Here For More Info

Pure 1,000-gram gold bars.

A surge in speculation led to an increase in gold demand in the third quarter, according to a World Gold Council report released Tuesday.

Exchange-traded fund inflows shot higher by the largest amount since the first quarter of 2016, in what the council attributed to accommodative monetary policies, safe-haven and momentum buying. During the third quarter, the Federal Reserve cut interest rates twice, and the European Central Bank cut interest rates in a package of easing measures.

Leading gold ETFs include the SPDR Gold Trust GLD, +0.01%, iShares Gold Trust IAU, +0.07%   and the Aberdeen Standard Physical Swiss Gold Shares ETF SGOL, -1.51%.

Overall gold demand rose just 3% during the quarter, as jewelry demand shrank by 16% as the yellow metal’s prices rose. 

Gold futures GC00, -1.67%  were holding above the $1,500 an ounce level on Tuesday and have climbed by 19% over the last 12 months.

Central-bank buying fell by 38%, as the third quarter of 2018 featured the highest amount of buying on record. Bar and coin demand dropped by half.

The gold supply rose by 4%, helped by a 10% increase in recycling.

SOURCE: https://www.marketwatch.com/story/largest-etf-inflows-in-three-years-drove-gold-demand-higher-in-the-third-quarter-2019-11-05

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NORTHBUD $NBUD.ca – #Cannabis Canada: #Pot industry added nearly $8B to #GDP in August, #StatsCan says $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 4:31 PM on Tuesday, November 5th, 2019

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Cannabis Canada: Pot industry added nearly $8B to GDP in August, StatsCan says

Cannabis sales in Canada expected to double next year to $3.16B: analyst 

Canaccord Genuity cannabis analyst Matt Bottomley expects revenue in Canada’s legal pot sector to more than double next year despite slower-than-expected growth. Bottomley said in a research note to clients that Canada’s cannabis industry should expect $3.16 billion in revenue in 2020, up from the $1.46 billion forecast for 2019. He added Canada’s cannabis retail figures should see a five per cent reduction in overall sales in September from the prior month to $121 million, but said subsequent growth should advance at a five-per-cent monthly clip. Bottomley expects growth in the recreational market to increase by just 7.5 per cent in 2020. Alongside its latest estimates for the Canadian cannabis industry, Canaccord’s analysts have revised sales projections for some of the country’s largest licensed producers such as Canopy Growth, Aphria and Aurora Cannabis.

BRNT secures multiyear white label deal with Valens GroWorks for 2.2M vape pens

BRNT Group, a company which has made its name making high-end cannabis accessories, is getting into the vape game. The company announced on Thursday a partnership with Valens GroWorks to produce a minimum of 2.2 million vape pens over the next two years. The deal, which is believed to be one of the largest publicly announced multi-year white label agreements, is expected to generate over $50-million in gross revenue for Valens, according to a statement released by both companies. The vape devices are expected to be available in select markets starting in the first quarter of next year and roll out across Canada later in the year.

Canadian pot producer hires helicopter to avoid possible frost on outdoor grow

Looking for a novel way to ensure your outdoor crop won’t be impacted by frost? Give your local helicopter pilot a call. That’s what 48North did, according to an Instagram post published by Devin Piche, the company’s master grower. A helicopter is able to float above an agricultural crop and essentially suck up cold air upward away from plants which could be damaged by a potential frost. “The helicopter was used to move warm air in a temperature inversion down into the crop area to keep the temperature above freezing,” according to Connor Whitworth, a 48North spokesperson. The cannabis producer is harvesting the remaining cannabis plants it is growing in its Good:Farm facility. Whitworth declined to further comment on 48North’s outdoor harvest, which it has previously stated expects to yield 40,000 kilograms of cannabis.

Alberta eyes 500 pot shops by 2021, no consumption lounges planned: regulatory official

Alberta is already the country’s market leader in the pot retail space – and it looks like it could get even larger.  Alberta Gaming, Liquor and Cannabis expects its store count to grow to over 500 within two years, according to the Calgary Herald, citing an official with the provincial regulator. The regulator has already green lit 306 retail outlets across the province, a number that will likely grow by 200 by 2021. However, cannabis consumption lounges don’t appear yet to be coming out anytime soon and would require legislative approval to establish those types of facilities, the official said.

Canada’s cannabis industry contributed nearly $8B to GDP in August: StatsCan

Canada’s cannabis sector – both the legal and illegal market – contributed $7.92 billion to the country’s gross domestic product in August, a figure that continues to grow from the $7.02 billion last October when recreational cannabis was legalized and above the revised $7.79 billion mark made in July, according to new data published by Statistics Canada on Thursday. The StatsCan figures also show Canada’s legal cannabis industry has grown by 116 per cent in the first 11 months since recreational marijuana was legalized. The black market’s cannabis output has fallen by 22 per cent in that same time, according to StatsCan estimates.

Source: https://www.bnnbloomberg.ca/cannabis-canada-pot-industry-added-nearly-8b-to-gdp-in-august-statscan-says-1.1341044

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Affinity Metals $AAF.ca Provides Update on Regal Project Exploration Program $TUD.ca $GTT.ca $AMK.ca $OSK.ca

Posted by AGORACOM at 9:19 AM on Tuesday, November 5th, 2019

Vancouver, British Columbia–(Newsfile Corp. – November 5, 2019) – Affinity Metals Corp. (TSXV: AFF) (“Affinity”) (“the Corporation”) is pleased to report that it has now completed the drilling portion of the 2019 Regal exploration program at the Regal property located in the northern end of the prolific Kootenay Arc approximately 35 km northeast of Revelstoke, British Columbia, Canada.

A total of 1,846 meters of diamond drilling was completed with 21 holes being drilled. The drilling was divided over two target areas with 10 holes allocated to testing one of the phyllite/limestone contacts in the ALLCO area and 11 preliminary confirmation holes designed to test the historic 1971 resource (pre NI43-101 and therefore not compliant) reported for the Regal/Snowflake mines.

The core is now being logged along with sampling and splitting in preparation for assaying. Core samples will be sent to MSA Laboratories in Langley, BC for assaying and assay results will be reported once received.

Robert Edwards, CEO of Affinity stated: “We are extremely pleased that the weather allowed us to get into the Regal property for as long as we did and to complete the drill program as planned. Thanks to MoreCore Diamond Drilling, our geological team and the efforts of our CFO/Exploration Manager, Mr. Blaney, in getting the job done as efficiently as possible given all the challenges mother nature can throw at you. At the end of it all, we are very encouraged by what we saw in the core and look forward to receiving assays back in due course.”

As previously reported, the Corporation recently received assay results for all 22 rock samples collected in September 2019 from the Black Jacket and ALLCO areas of the property. Of the 22 grab samples collected from surface outcrops, the majority contained bonanza grade silver, zinc, and lead with many samples reaching assay over-limits. Further assaying of over-limits has been initiated and those results will be reported in the future. Results for all 22 samples are presented in the table below.

Sample NumberSample Type Silver
g/t 		Copper
% 		Zinc 
%		 Lead
% 		Gold
g/t
ALC19CR01grab0.035000
ALC19CR02grab1300.41518.20>20.00.70
ALC19CR03grab120.232.034.9840.02
ALC19CR04grab131.089.026.1022.66
ALC10CR05grab16.7.295.060.0130.09
ALC19CR06grab74.9.144>30.00.0590.28
ALC19CR07grab10.05.310.086.0290.04
ALC19CR08grab1870.49524.5>20.01.85
ALC19CR09grab88.1.077>30.00>1.880.08
ALC19CR10grab1545.17826.7>20.00.68
ALC19CR11grab2360.36616.80>20.00.11
ALC19CR12grab3700.6241.645>20.03.14
ALC19CR13grab964.71617.30>17.50.11
ALC19CR14grab3530.3501.945>20.01.57
ALC19CR15grab3670.0261.895>20.00.33
ALC19CR16grab1790.1075.28>20.00.37
ALC19CR17grab751.0696.45>18.050.45
ALC19CR18grab1065.718.178.5140.10
ALC19CR19grab2510.2995.58>20.00.06
ALC19CR20grab44102.2726.40>20.05.68
ALC19CR21grab47.5.177.048.0921.78
ALC19CR22grab87.7.095.011.0474.79

Property History & Background

The Regal Project hosts several past producing small-scale historic mines including the Regal Silver. The property also hosts numerous promising mineral occurrences. From the historic records it appears that most, and perhaps all, of the known mineralized showings/zones have not been previously drilled using modern diamond drilling methods.

Snowflake and Regal Silver (Stannex/Woolsey) Mines

The Snowflake and Regal Silver mines were two former producing mines that operated intermittently during the period 1936-1953. The last significant work on the property took place from 1967-1970, when Stannex Minerals completed 2,450 meters of underground development work and a feasibility study, but did not restart mining operations. In 1982, reported reserves were 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten (Minfile No. 082N 004 – Prospectus, Gunsteel Resources Inc., April 29, 1986). It should be noted that the above resource and grades, although believed to be reliable, were prepared prior to the adoption of NI43-101 and are not compliant with current standards set out therein for calculating mineral resources or reserves.

ALLCO Silver Mine

The ALLCO Silver Mine is situated 6.35 Kilometers northwest of the above described Snowflake/Regal Mine(s). The ALLCO Silver Mine operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%).

Airborne Geophysics to Guide Future Exploration

An extensive airborne geophysics survey conducted by Geotech Ltd of Aurora, Ontario, for Northaven Resources Corp. in 2011, identified four well defined high potential linear targets correlating with the same structural orientation as the Allco, Snowflake and Regal Silver mines. Northaven also reported that the mineralogy and structural orientation of the Allco, Snowflake and Regal Silver appeared to be similar to that of Huakan’s J&L gold project located to the north, and on a similar geophysical trend line. The J&L is reportedly now one of western Canada’s largest undeveloped gold deposits.

After completing the airborne survey, Northaven failed in financing their company and conducting further exploration on the property and subsequently forfeited the claims without any of the follow up work ever being completed. Affinity Metals is in the fortunate position of benefitting from this significant and promising geophysics data and associated targets.

The aforementioned Northaven airborne geophysical survey conducted at a cost of $319,458.95 in August of 2011 is described in The BC Ministry of Energy, Mines and Petroleum Resources Assessment Report #33054. The results of the survey are competently explained and illustrated by professionals on You Tube at: https://www.youtube.com/watch?v=GX431eBY_t0

Condor Consulting, Inc. who compiled the survey data and produced the original geophysics report was recently retained by Affinity in order to provide more detailed interpretations and potential drill target locations with the aim of testing two of the four target areas in the future.

Affinity Metals has been granted a 5 Year Multi-Year-Area-Based (MYAB) exploration permit which includes approval for 51 drill sites.

About Affinity Metals

Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.

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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 4:04 PM on Monday, November 4th, 2019

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

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

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ThreeD Capital Inc. $IDK.ca – Key Investment Themes In #Crypto Networks $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 2:45 PM on Monday, November 4th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

IDK: CSE

Key Investment Themes In Crypto Networks

By: Matt Spoke

I’ve been an entrepreneur in this wild cryptocurrency industry for over 5 years. My focus has been on leading a team of core developers to build an open decentralized protocol that solves real problems for real users. I’m not alone in this endeavour. There are at least a few dozen of my peers leading projects with broadly similar goals.

To the outside world, we’re all crypto geeks building alternatives to Bitcoin. That said, there are nuances in the designs and goals of various projects that form the basis of some early investments theses that leading funds have adopted to guide their selection criteria when looking at digital assets.

Without getting into all the specifics, for the purposes of this article, I want to focus only on the specific digital asset classes that are native to their own networks or blockchains, rather than tokens built into “dApps” or other similar models.

The reason this is important is because there are an increasing number of funds, both institutional and not, that are looking at digital assets as the next asset class to include in their diversified portfolios that include everything from public equities, to real estate, to gold, to bonds and other instruments. Who knows, maybe the next time you check your pension, your favourite digital asset could be in it.

As such, it’s helpful to have a standard way to think about the differences and similarities among digital assets, such that they can be categorized for investment decisions.

To the outside looking in, this industry can be extremely opaque to understand and evaluate. How value will be created, on what time horizon and how does one form opinions on the quality of the project they’re looking at. While there is infinite nuance between projects, protocols, dApps, etc., most digital assets fall within common buckets, that have formed the informal standard crypto theses. This mental model is helpful for any observer, technologist or fund that has been researching or thinking about allocating capital or time into this industry. It also might help us understand new opportunities for value that fall outside of these established categories (more on this later).

In speaking to a prominent investor in the cryptocurrency industry recently, he summarized this very simply:

“I understand and believe in Bitcoin and Ethereum. Everything else is just playing copy-cat and trying to play the same game.”

In a broad sense, this is generally how the industry has evolved. Bitcoin became dominant, and then many built alternatives (“alt”-coins) broadly solving for a similar goal, and then Ethereum introduced a new type of protocol that was quickly followed by its own inspired alternatives – something that Chris Burniske of Placeholder Ventures refers to as “Ethereum Killers”.

The funds investing in this industry have had to build their theses around this reality. As such, you’ll often find funds with a deep conviction for Bitcoin and Ethereum, and then, to a lesser extent, a series of “hedges” into alternatives that could grow in relevance and in some cases potentially overtake the projects that first inspired them. Many of these alternatives have taken different technical approaches, but in general seek to solve the same problem and target the same ‘blockchain-converted’ developer or investor audience.

These investment themes behind Bitcoin and Ethereum are similar in that they are both digital assets, but they’re different in the problems they seek to solve.

Bitcoin established a category of digital assets that Multicoin Capital likes to refer to as “Global, State-free Money”. This theme focuses on a growing need for a global form of money that is independent of institutional trust and provides a digital alternative to gold. The need for such an asset is to address the >500m people in the world who live in countries with greater than 10% inflation, and to provide a place for people to store their wealth that is safe from seizure and “portable” across geographic boundaries.

Although it’s unclear how to measure the size of that addressable market, the thesis implies a multi-trillion-dollar opportunity in this category.

Ethereum, on the other hand, professed to be building a “world computer” or in other contexts, the basis for a “decentralized internet”. This category of digital assets known as “decentralized internet” projects is what primarily caused the run up of the ICO markets in 2017-2018. Believers in this thesis argue that the causes of many of the inequities online today stem from the overly “centralized” nature of the internet’s infrastructure, such that incentives lead towards monopolization of online services – think Facebook and Google. As such, there is a massive interest in owning a piece of the “fuel” that will power the renewed internet infrastructure of the future.

On top of this thesis are companies building utopia as they see it. These ideas range from a system of finance that is open and alternative to banking, a system of identity independent of governments, to other lofty and worthy ideas that would find their homes in the “decentralized internet” category.

Within these two broad categories, there are nuances and further sub-categories, but at the highest level, this is a helpful frame to better understand where a particular project fits, and what alternatives it should be compared against. This framing should also help to better understand why Bitcoin and Ethereum are fundamentally not competing technologies, but why EOS, Tron, and Cardano have yet to prove why they’re contenders to supplant Ethereum, their category king. As with categories in other online industries, we’ll likely see a market where 75% of the value is dominated by the category leader, and the rest spread among its competitors.

With 25-30+ launched or soon-to-be live networks looking to compete in Ethereum’s category, its quickly become saturated. At the current state of adoption in our industry, we’re nearing an oversupply of novel technical solutions and a real need for actual usage. Networks have collapsed into mirror-like narratives (build a dApp here!), use cases (build DeFi here!), and are all seemingly speaking to the same audience.

So when looking at how this market might evolve, the real breakthroughs will likely lie with projects that have a disproportionate chance of dominating these two categories or projects that define a brand new category with massive market potential. More on this next week.

Source: https://www.forbes.com/sites/mattspoke/2019/10/30/key-investment-themes-in-crypto-networks/#78f4be1d3774

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BetterU Education Corp. $BTRU.ca – #EdTech startups can address shortage of #MachineLearning experts in #India $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 12:37 PM on Monday, November 4th, 2019
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.
BTRU: TSX-V

EdTech startups can address shortage of machine learning experts in India

  • Edtech startup: Enhanced outreach of technology is resulting in industries and end users taking a leap of faith into the world of new concepts.
  • Machine learning (ML) is one such domain that has around 10x jobs at present as compared to the situation, five years ago.

By Ankush Singla

EdTech startup: Enhanced outreach of technology is resulting in industries and end users taking a leap of faith into the world of new concepts. Several industries have polished their approach in designing an outcome for the new generation to mould something new and relevant, according to the trends of the future. Machine learning (ML) is one such domain that has around 10x jobs at present as compared to the situation, five years ago.

This situation has shaped up due to various contributing factors including huge popularity of machine learning. Fortune 500 companies are integrating machine learning and artificial intelligence into their processes and Indian firms are following suit. Machine learning is responsible for shaping the business landscape. Business analytics and intelligence teams are able to analyse terabytes of data in seconds using different methods like recognition, diagnosis, regression, prediction and many more.

Machine learning focuses on the development of algorithms which helps those machines teach themselves grow, develop and respond to new data. The reason machine learning has become hugely popular is because it has helped all the companies (from various industrial sectors) get exact and real time insights and mitigate the strategy level risks, if any.

While on the one hand, we are amazed by these developments; there is a concern on the other hand too. Yes, machine learning is the most in-demand skill right now but is our talent pool really equipped with the required skills. The answer is “No”. Demand for machine learning experts will continue to increase in the coming years and will probably outpace the current supply of talent pool in the next three-four years.

According to the LinkedIn economic graph, the jobs in ML have been a turning point in the technological trends as compared to the other umbrella domains. The number of jobs which were five years ago is now 9.8 times, thus, helping to provide an asset to the industry. Educational institutions have always provided the industry with the required set of skills but with an increased demand in such a short time, they have been unable to come up with a solution on such a short notice. In order to cater to the current industry trends, EdTech startups have come with excellent “Industry-Vetted Course Curriculum”.

EdTech startups create a perfect amalgamation

EdTech startups don’t focus on just teaching theoretical concepts but rather provide an online learning which is no less than the offline classroom approach. There are online videos which can be accessed anytime and from anywhere. Since the videos are self-paced, it is made sure that they cater to the speed of every individual.

EdTech startups create a perfect amalgamation by getting industrial experts on board and creating a course curriculum as per the exact needs of the ML industry. In order to make sure that the student doesn’t deviate and follows the curriculum, virtual / physical assistance is provided which analyse the performance of each and every student on a daily basis and customised approach is recommended.

They are deploying algorithms to bring a personalised touch for every student, thus ensuring a better application-based learning. We have experienced and welcomed this new way of mobile teaching which takes care of every individual student’s needs, comforts and results at the same time.

EdTech companies have come up with the content which not only satisfies the need of the industry but can also be imparted to anyone in due amount of time; thus, fulfilling the requirement of the ML domain. Several factors which have enabled these startups develop skilled ML experts are: self-paced learning; industry-vetted content; regular industrial interaction through bootcamps and webinars; individual learning and development system; real-time actionable insights;  and industrial projects which can be deployed in companies.

Machine learning is one of the most promising technologies of the last decade and it is the perfect time to realise we have a companion since “Machines also Learn”.

Source: https://techobserver.in/2019/10/25/edtech-startups-can-address-shortage-of-machine-learning-experts-in-india/

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American Creek $AMK.ca Announces Ken Konkin’s Appointment to Vice President for Project Development for Tudor Gold Including the JV Treaty Creek Project $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca

Posted by AGORACOM at 9:11 AM on Monday, November 4th, 2019

Cardston, Alberta–(Newsfile Corp. – November 4, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) is pleased to extend congratulations to Ken Konkin, PGeo, for his new role at Tudor Gold as Vice President for Project Development. Mr. Konkin was the exploration manager for the hugely successful 2019 drill program on our JV Treaty Creek property. The Treaty Creek property adjoins to the north of Pretium Resources’ Brucejack-Snowfield property and Seabridge Gold’s KSM property, along the geological trend. Drilling at Treaty Creek in 2019 was very successful under the direction of Mr. Konkin, hitting significant mineralization in all 14 holes which reconfirmed a 300m+ gold rich zone close to surface and an extension of mineralization to over one kilometer in depth.

Mr. Konkin has over 35 years of geological experience throughout North and South America as well as Russia. Mr. Konkin worked for Silver Standard for 19 years and managed advanced exploration programs at Manantial Espejo (Argentina), San Luis and Berenguela (Peru) as well as Snowfields (Pretium) in the Golden Triangle, British Columbia. Mr. Konkin was appointed the project manager for Pretium Resources after it purchased the Snowfields-Brucejack project from Silver Standard in 2010. Subsequently, he was instrumental in the discovery of the Valley of Kings deposit at the Brucejack Lake mine, an eight-million-ounce gold deposit currently in production. He spent seven years managing all aspects of the exploration programs at Snowfield-Brucejack. During his tenure with Pretium, the company received the Bill Dennis award in 2013 for a Canadian discovery (presented by the Prospectors & Developers Association of Canada); Mr. Konkin was also the co-recipient of the prestigious H.H. “Spud” Huestis award for “excellence in prospecting and mineral exploration in B.C. and/or Yukon” in 2017.

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Image of Ken Konkin in the Sulphurets Hydrothermal System in NW British Columbia
To view an enhanced version of this graphic, please visit:
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Darren Blaney, CEO of American Creek stated: “Since Ken came on board the Treaty Creek property has been fast tracked and is now looking like a world class property. The knowledge and experience he gained by discovering and developing the neighbouring Brucejack mine is being applied on Treaty Creek and it really shows. Ken clearly has the expertise and credibility to bring the Treaty Creek project to the next level. A world class project deserves a world class VP of Project Development.”

The Treaty Creek Project is a joint venture between Tudor Gold, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

More information on Treaty Creek can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

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 Gold (Walter Storm) as well as the 100% owned past producing Dunwell Mine.

There is a drill program ongoing at the high-grade, past producing Dunwell Mine. More information on the Dunwell Mine can be found here:

https://americancreek.com/index.php/projects/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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