RECENT HIGHLIGHTS
WHY AMERICAN CREEK RESOURCES?
EXCEPTIONAL PROPERTIES
The Electrum is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
The property has a rich history with some of the highest grade hand-mined ore mined in North America (1,661 g/t Au with 2,596 Ag)combined with excellent logistics. The property is located directly between two high-grade veining gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017). All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.
On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains 40% of the property.Tudor Gold will be the operator while both companies will work together to develop the property.This partnership is very beneficial for American Creek as its flagship project will be able to advance at a much greater pace due to the geological expertise, experience, resources, management, and exposure that Tudor Gold brings to the table.
The Electrum Property holds significant potential which led to a JV agreement with Tudor Goldwhen considering its high-grade nature combined with the exceptional logistics in place.
For a short video on the Electrum property; click here.
For a presentation on the 2015 drill program; click here.
Treaty Creek Property
Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains a carried interest of 20% of the property until a production notice is given. A partner with the expertise, backing, management team, and experience to develop this potential world scale project was sought after by AMK. Tudor Gold meets and exceeds all of those requirements needed to fully realize the potential of Treaty Creek. American Creek will not have to raise money or dilute as development takes place.
Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.
Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world. KSM has just past the environmental and permitting stage while the Brucejack is in construction phase. Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on both Seabridge and Pretivm’s claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.
A recent Government geological report shows Treaty to be “in the right neighbourhood for B.C’s next big deposit”.Treaty meets all three main criteria of the report which states “that is a big game changer for explorers in the region, because it will get them closer to making a discoveryâ€.
The geological markers on Treaty Creek are saying there are great similarities to the KSM / Brucejack / Valley of the Kings and other deposits found within the same hydrothermal system.Now the right partnership is in place to advance the project and realize its potential.
For a 2 minute video on Treaty Creek; click here.
For an in-depth geological video on Treaty Creek; click here.
Gold Hill Property
The Gold Hill property is located in Southern British Columbia near Cranbrook.Logistics are exceptional with forestry roads throughout the property and power nearby. Gold on the Wild Horse River was discovered in the fall of 1863 by American prospectors and one of the West’s greatest gold rushes ensued. The Wild Horse River yielded close to $7,000,000 dollars (48 tonnes of gold or around $2 Billion in today’s dollars). It is believed that a far greater amount was mined and never accounted for.
The river is considered to be one of the greatest gold creeks in the entire province of British Columbia. The majority of the gold taken from the river was located along a 6km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). While most of the gold has been taken from the placer deposits downstream from Gold Hill, there are still placer operations in the area ranging from small scale panning / sluicing to full scale mining operations.
Historic efforts were made to trace the source / sources of the placer gold. This led explorers (including geologists from Cominco) up the Boulder Creek to what is now called the Gold Hill property. This property constitutes a significant portion of the watershed for Boulder Creek including two main areas where gold was recovered by Cominco (along with others). These areas are known as Big Chief and Gold Hill. Both areas are believed to be major contributing sources for the incredible resources found in the Wild Horse River and as such have tremendous potential. While gold was discovered on the property, the gold price in 1900 did not support extensive hard rock exploration at the time.
The property has been overlook and sat dormant for many years. American Creek was very fortunate to acquire a property with such a rich history and such huge potential. The property was acquired in 2015 and hard rock exploration will begin in 2016.
Vancouver, British Columbia / October 11, 2016 – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is very pleased to announce; Drilling Has Commenced, at their 100% owned River Valley Platinum Metals Group (PGM) Project, near Sudbury Ontario. In the next few weeks, PFN plans to complete up to 1100 metres of Diamond Drilling, on their High Grade T2 Target, in the north part of the 16 km long River Valley PGM Deposit.
The Drilling is planned to Test Extensions of the High-Grade Mineralization, intersected in Previous Drilling, between the Dana North Zone, to the west and the Pardo Zone to the east (Figure 1). Previous Drilling intersected Thick Intervals of High-Grade Mineralization (see PFN press release: March 11, 2015) Immediately Adjacent to the Dana North Zone. The Mineralization appears to be Open to Expansion, by Drilling along the strike, for up to 2 km, between Dana North and Pardo, and the up-dip and down-dip of the previous intersections.
The Current Plan is to Drill 4 Holes (Figure 2). The 1st Hole will be Drilled on the same section as the previous two holes, to Expand the Mineralization up-dip, toward the surface. The 2nd and 3rd Holes will be drilled on the next section, to the east, to Expand the Mineralization, 50 metres along the strike. The 4th Hole will be drilled 200 metres along the strike, to test for the presence of Favourable Geology and High-Grade Mineralization. Pending successful Drill Results, 6 Additional Holes are planned for Drilling, at T2, in early 2017. Numerous additional T2-like targets at River Valley are also under evaluation for Drill Testing in 2017.
PFN contracted Jacob Samuel Drilling Ltd., of Sudbury, to provide a Diamond Core Drill Rig. The Drill Program is being carried out with financial support from the Junior Exploration Assistance Program (JEAP Project 16011) (see PFN press release: June 6, 2016).
“We are extremely pleased to commence our T2 Target Drill Program for 2016” said Mr. Harry Barr, Chairman & CEO of PFN. “We have been looking forward to Drilling these follow-up holes, since the Discovery of T2, in early 2015. The Presence of a New High-Grade, Near-Surface, Mineralized Zone, adjacent to the access road, could significantly impact the Development Potential of our 100% owned River Valley PGM Project”.
Click Image To View Full Size
(Figure 1). Geological Map, showing the Location of the T2 Target, on PFN’s 100% owned River Valley PGM Project. The T2 Target is situated between the Dana North Zone to the west and the Pardon Zone to the east, at the north end of the River Valley Project. Note that the distance between Dana North and Pardo is approximately 2 km and vastly underexplored.
Click Image To View Full Size
(Figure 2). Plan View of 3D models of the T2 Target Feature, which is situated about 100 metres below surface, to the east of the Dana North Zone. Holes T2-16-03 to T2-16-06 will be Drilled in the Current Program. Holes T2-15-01 and T2-15-02, the Discovery Holes, were Previously Drilled in 2015.
About PFN’s Platinum Group Metals Division
River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.
Achievements to date and Future Plans for River Valley are outlined below as follows:
-Prepared by Tetra Tech (Wardrop)
-High Confidence: Measured plus Indicated = 72% of total
-Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals
-Pd to Pt Ratio = 2.5:1; Cu to Ni Ratio = 3:1
-High Grade Potential: particularly in the north part of the River Valley Deposit
-Resources under Evaluation for Development Potential as Open Pit Mining Operation
Click Image To View Full Size
Click Image To View Full Size
-Drill Hole intercepts Much Higher than the average grade, of the Current Mineral Resource Estimate
-Possible New Mineralized Zone at the north end of the River Valley Deposit
-Shows Potential to take the River Valley PGM Project in a New Direction
-More Drilling Planned
Click Image To View Full Size
-Mineral Prospecting and Geological Mapping on Surface: In Progress
-Drill Programs targeted to add More, Higher Grade: Drilling Underway; October, 2016
-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results
-Ongoing Strategic Partner Search for River Valley
Map showing the location of River Valley PGM Project relative to the City of Sudbury.
About PFN’s Lithium Division
The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.
Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division Will Explore, for the Minerals needed to Fuel the Demand for Energy Storage and other Core 21st Century Technologies.
The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company (see PFN News Releases: April 25th, 2016 and May 9th, 2016). The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba (see PFN News Releases: April 21st, 2016; May24th, 2016; June 15th, 2016; July 5th, 2016 and July 21st, 2016). This Pegmatite Field hosts the Giant Tanco Pegmatite Mine, which has been mined for Tantalum, Cesium and Spodumene (one of the Primary Lithium Ore Minerals) in varying capacities, since 1969. Today, the Tanco Mine is Focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated, to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.
Lithium and Platinum Group Metal Prices have improved drastically, in recent months. Lithium Supplies Remain in Deficit, Relative to their Demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries, in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.
Click Image To View Full Size
PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine
Click Image To View Full Size
Figure 1: Company Claim Blocks, in the Clayton Valley Area of Nevada
(Figure 1 is a Company-made composite and not intended for redistribution. The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project).
Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine Processing Operations. The mine has been in operation since 1967 and remains the only Brine-Based Lithium Producer in North America. The New Project Acquisition in Nevada provides the Company a Project, in an area that is well known for its Lithium Carbonate Production. Clayton Valley is a centralized location in Nevada, with Highway Access, Power Infrastructure, Water and Local Labour.
The Company’s New Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-Ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li Project is located approximately 3 hours north of the Faraday Electric Car Factory, to be operated in Las Vegas, Nevada.
Clayton Valley is one of the few locations globally, known to contain Commercial-Grade Lithium-Enriched Brines.
QUALIFIED PERSON
The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
TSXV: PFN OTCQB: PAWEF FSE: P7J
www.PFNCapital.com [email protected]
Tel: +1-604-685-1870 Toll Free: 1-800-667-1870
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.
Results for the current Mineral Resource Estimate are summarized below:
The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.
PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine
River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.
Results for the current Mineral Resource Estimate are summarized below:
The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.
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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine
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WHY AMERICAN CREEK RESOURCES?
RECENT HIGHLIGHTS
EXCEPTIONAL PROPERTIES
The Electrum is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
The property has a rich history with some of the highest grade hand-mined ore mined in North America (1,661 g/t Au with 2,596 Ag)combined with excellent logistics. The property is located directly between two high-grade veining gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017). All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.
On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains 40% of the property.Tudor Gold will be the operator while both companies will work together to develop the property.This partnership is very beneficial for American Creek as its flagship project will be able to advance at a much greater pace due to the geological expertise, experience, resources, management, and exposure that Tudor Gold brings to the table.
The Electrum Property holds significant potential which led to a JV agreement with Tudor Goldwhen considering its high-grade nature combined with the exceptional logistics in place.
For a short video on the Electrum property; click here.
For a presentation on the 2015 drill program; click here.
Treaty Creek Property
Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains a carried interest of 20% of the property until a production notice is given. A partner with the expertise, backing, management team, and experience to develop this potential world scale project was sought after by AMK. Tudor Gold meets and exceeds all of those requirements needed to fully realize the potential of Treaty Creek. American Creek will not have to raise money or dilute as development takes place.
Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.
Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world. KSM has just past the environmental and permitting stage while the Brucejack is in construction phase. Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on both Seabridge and Pretivm’s claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.
A recent Government geological report shows Treaty to be “in the right neighbourhood for B.C’s next big deposit”.Treaty meets all three main criteria of the report which states “that is a big game changer for explorers in the region, because it will get them closer to making a discoveryâ€.
The geological markers on Treaty Creek are saying there are great similarities to the KSM / Brucejack / Valley of the Kings and other deposits found within the same hydrothermal system.Now the right partnership is in place to advance the project and realize its potential.
For a 2 minute video on Treaty Creek; click here.
For an in-depth geological video on Treaty Creek; click here.
Gold Hill Property
The Gold Hill property is located in Southern British Columbia near Cranbrook.Logistics are exceptional with forestry roads throughout the property and power nearby. Gold on the Wild Horse River was discovered in the fall of 1863 by American prospectors and one of the West’s greatest gold rushes ensued. The Wild Horse River yielded close to $7,000,000 dollars (48 tonnes of gold or around $2 Billion in today’s dollars). It is believed that a far greater amount was mined and never accounted for.
The river is considered to be one of the greatest gold creeks in the entire province of British Columbia. The majority of the gold taken from the river was located along a 6km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). While most of the gold has been taken from the placer deposits downstream from Gold Hill, there are still placer operations in the area ranging from small scale panning / sluicing to full scale mining operations.
Historic efforts were made to trace the source / sources of the placer gold. This led explorers (including geologists from Cominco) up the Boulder Creek to what is now called the Gold Hill property. This property constitutes a significant portion of the watershed for Boulder Creek including two main areas where gold was recovered by Cominco (along with others). These areas are known as Big Chief and Gold Hill. Both areas are believed to be major contributing sources for the incredible resources found in the Wild Horse River and as such have tremendous potential. While gold was discovered on the property, the gold price in 1900 did not support extensive hard rock exploration at the time.
The property has been overlook and sat dormant for many years. American Creek was very fortunate to acquire a property with such a rich history and such huge potential.
Expands coverage of footwall and internal targets within the River Valley Intrusion
PFN’s property position at River Valley increased to a total of 76 km2 or 7600 ha
PFN’s River Valley Project consists of a Primary Platinum Metal Deposit
2.5 Moz Platinum Metals in near-surface Measured and Indicated Resources
Within 100 road-km of Sudbury and strong infrastructure and community support
Summer-Fall Surface Exploration Programs underway
New 100%-owned Li Division with Pegmatite Projects in Manitoba and Brine Projects in Nevada – Summer/Fall surface programs underway
October 5, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) announces staking of 8 new unpatented mining claims adjacent to its recently acquired River Valley Extension property (“RVX” – see PFN press release dated August 4th, 2016), located next to the company’s 100% owned River Valley PGM deposit (Figure 1). The River Valley PGM deposit on RVX has been targeted in drill programs completed by the previous owner (Mustang Minerals Corp.) that returned high-grade PGM assays at shallow depths. Collectively, the 100%-owned acquired and newly staked claims of the RVX now comprise 2153 ha and are located within 100 road-kms of the City of Sudbury, Ontario.
The expanded RVX overlies the southeast extension of the River Valley PGM deposit, as indicated in drill results, mineralized outcrops and geophysical surveys, and the footwall rocks and interior units of the River Valley Intrusion. Recent drilling of the footwall rocks to PFN’s River Valley Project, located on the same mineralized trend to the NW, discovered high-grade and near surface PGM mineralization at T2 (see PFN press release dated March 11th, 2015). Geological and geophysical trends on the RVX suggest presence of similar footwall targets.
Internally, the River Valley Intrusion on the RVX remains vastly under-explored. Surface grab samples, geophysical surveys and sporadic drilling on the RVX have returned high-grade PGM assays. However, the focus of exploration has generally been along the basal margin of the River Valley Intrusion and, more recently, in the footwall rocks to the intrusion. Field exploration programs are currently underway on the RVX to develop targets for drill testing, in 2017. Approximately $140K in assessment credits can be applied to the claims within the RVX property, allowing PFN to focus exploration on the highest priority targets.
Click Image To View Full Size
Figure 1: Geological map showing the location of PFN’s 100% owned River Valley Extension PGM property over the southeast corner of the River Valley Intrusion, adjacent to the River Valley PGM Project.
About PFN’s Platinum Group Metals Division
River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.
Achievements to date and Future Plans for River Valley are outlined below as follows:
Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies
– Prepared by Tetra Tech (Wardrop)
– High Confidence: Measured plus Indicated = 72% of total
– Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals
– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
– High Grade Potential: particularly in the north part of the River Valley Deposit
– Resources under Evaluation for Development Potential as Open Pit Mining Operation
Click Image To View Full Size
Click Image To View Full Size
-Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate
-Possible New Mineralized Zone at the north end of the River Valley Deposit
-Show potential to take the River Valley PGM Project in a New Direction
-More drilling planned
Click Image To View Full Size
-Mineral Prospecting and Geological Mapping on surface: In Progress
-Drill Programs targeted to add more, higher grade: Drilling Slated for Fall 2016
-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results
-Ongoing Strategic Partner Search for River Valley
Map showing the location of River Valley PGM Project relative to the City of Sudbury.
About PFN’s Lithium Division
The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.
Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.
The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company (see PFN News Releases: April 25th, 2016 and May 9th, 2016). The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba (see PFN News Releases: April 21st 2016, May24th, 2016, June 15th, 2016, July 5th, 2016 and July 21st, 2016). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.
Lithium and Platinum Group Metal Prices have improved drastically in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.
Click Image To View Full Size
PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine
Click Image To View Full Size
Figure 1: Company claim blocks in the Clayton Valley area of Nevada
(Figure 1 is a Company-made composite and not intended for redistribution.
The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)
Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.
The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.
Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.
QUALIFIED PERSON
The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
If you’re looking to invest in the small cap medical marijuana space, then Cannabix Technologies has to be high on your research list. Â Why? Â Anticipated legalization across the USA and Canada is obviously going to lead to higher use … which is going to automatically increase the need for monitoring right through the roof.
Specifically, police departments and the courts are going to need a way to both detect and convict impaired drivers.  The same goes for hazardous and dangerous jobs that require employees and heavy equipment operators to be anything but impaired.  Unfortunately, traditional saliva and urine tests simply can’t cut it.  The world will need a detection device that is fast, accurate and can hold up in a court of law.
Cannabix Technologies is in the process of bringing its marijuana breathalyzer to market.  With the underlying technology under license from the University of Florida and with the device in development as we speak, demand has already inundated Cannabix according to its President, Kal Malhi. The Company is in the final stages of completing its “Beta 2.0” device and expects to have a pilot test ready device for scientific trials for later this fall. The trial testing would be conducted to prove the accuracy and sensitivity of the Cannabix Breathalyzer, and the results would be used to apply for a court accepted device certification by the Minister of Justice in Canada and the National Highway and Traffic Safety Authority in the U.S.
Rule #1 when investing in small caps is make sure the company is run by smart people.  Kal Malhi is a former RCMP officer, where he completed his duties in the drug enforcement and organized crime divisions. He’s not only smart, he’s also been in the fight. Add on the fact he is the President of BullRun Capital and you have the prototype of Small Cap 2.0, the next generation of Canadian small cap companies that will be built for the long term, not to flip 5 cent paper.  Kal is the real deal.
BullRun has raising capital for various projects totaling in excess of $100 million dollars since 2008. Kal has specialized in working with academia, advances in technology and funded academic research that has potential for commercialization thru private and public companies.
Cannabix Technologies has the strong potential of creating both great shareholder value and societal benefits for years to come. I personally consider their product critically needed technology to keep our roads and families safe given the marijuana legislative easing that is taking place around North America.
Watch the interview and do your DD. As I’ve said before, we are officially in Weed 2.0 where you can bet on the long term development of real marijuana companies for decades to come. Just as Web 2.0 dwarfed the original dot-com bubble, Weed 2.0 is going to dwarf the original marijuana bubble. Do your research and make your investments.
VANCOUVER, BRITISH COLUMBIA–(Oct. 4, 2016) – Cannabix Technologies Inc. (CSE:BLO) (CSE:BLO.CN) (OTC PINK:BLOZF) (the “Company”) Later this fall, voters in California, Arizona, Nevada, Maine and Massachusetts will decide whether marijuana should be legalized for recreational use. The Canadian Liberal government also recently announced plans to introduce legislation legalizing marijuana in the spring of 2017. The Canadian government has set up a Task Force on Marijuana Legalization and Regulation, chaired by the Honourable Anne McLellan and spearheaded by Mr. Bill Blair, MP, current Parliamentary Secretary to the Minister of Justice, to consult with experts across the country to learn how to best legalize and regulate marijuana.
More recently in Canada, the Liberal government has just wrapped up a several month feedback program asking Canadians about their opinions on marijuana legalization and how the government should enforce laws against those who operate outside the legal limits, such as marijuana impaired driving.
With the pending legalization of marijuana, law enforcement agencies across North America and the world are grappling with the issue of marijuana impaired driving. Law enforcement has done a commendable job in enforcing alcohol impaired driving in North America and society has also come to frown on alcohol impaired driving. Alcohol impaired driving is enforced with sophisticated breathalyzers that collect evidence of impairment and criminal charges have a high likelihood of resulting in conviction.
Unlike alcohol impaired driving, society is still unsure of how to address marijuana impaired driving and many jurisdictions and law enforcement agencies are trying to determine how best to administer the issue of “drugged driving”.
In addition to marijuana impaired driving, employers are also concerned with employees that may be impaired by marijuana. These workplace issues could be particularly concerning when heavy machinery is involved and safety is paramount.
Cannabix Technologies Inc. is developing a point of care device that would be similar to alcohol breathalyzers and would be used at the roadside to collect evidence of marijuana impairment. This tool would also be useful in testing employees for on the job sobriety.
Cannabix Technologies‘ Marijuana Breathalyzer
Cannabix Technologies has been a first mover and leader in the development of a marijuana breathalyzer. The company debuted its most recent beta prototype in July. With a Field Asymmetric Ion Mobility Spectrometry (FAIMS) mass spec setup, the company is developing a tool that would be capable of accurately detecting THC concentrations at levels found in breath samples.
Cannabix Technologies‘ breathalyzer would determine whether someone has consumed THC within the two hours preceding the test. This test would be unlike saliva or urine testing which can result in positive tests days after consumption of THC. The Cannabix Breathalyzer would consequently provide a critical measure of “recency” to avoid implicating drivers that are no longer high.
Cannabix is in the final stages of completing its “Beta 2.0” device and expects to have a pilot test ready device for scientific trials for later this fall. The trial testing would be conducted to prove the accuracy and sensitivity of the Cannabix Breathalyzer, and the results would be used to apply for a court accepted device certification by the Minister of Justice in Canada and the National Highway and Traffic Safety Authority in the U.S.
Mr. Kal Malhi, President of Cannabix, stated, “Our generation is in the midst of a monumental shift in the legislation and societal views on marijuana use. Like the economic opportunity that alcohol legalization provided in the last century, impending marijuana legalization is providing an immense economic opportunity for investors in the marijuana sector.”
We seek Safe Harbor.
On behalf of the Board of Directors
– Kal Malhi, President, Cannabix Technologies Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as final development of a commercial or prototype product(s), successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize; no assurance the Company will have sufficient funds to complete product development. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology; (iii) the ability of the Company to complete financings; (v) the ability of the Company to develop and market its future product; and (vi) risks regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the marijuana breathalyzer business will provide any benefit to the Company, and no assurance that any proposed new products will be built or proceed. There is no assurance that existing “patent pending” technologies licensed by the Company will receive patent status by regulatory authorities. The Company is not currently selling commercial breathalyzers. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
Cannabix Technologies Inc.
(604) 551-7831
604-676-2767
[email protected]
www.cannabixtechnologies.com
VANCOUVER, BRITISH COLUMBIA–(Oct. 4, 2016) – Namaste Technologies Inc. (“Namaste” or “Company) (CSE:N)(FRANKFURT:M5BQ) is pleased to report that it has entered into two new strategic partnerships to expand its market presence as the leading e-commerce company focused on vaporizers and accessories. The partnerships are with well-known online reviewer Sneaky Pete (SPV Enterprises LLC) and VaporTownUSA.com. Both these partnerships are anticpated to enhance the overall revenue of Namaste through online video reviews, high quality links to the Namaste sites and expansion of sales channels internationally. Additional information can be accessed on each of the entities at www.sneakypetestore.com and www.vaportownusa.com.
Sneaky Pete is a leading source of information for cannabis consumers that has generated hundreds of thousands of YouTube views. Sneaky Pete’s professional quality reviews focus on the latest vaporizer products and are often a first place of reference for product consumers. Sneaky Pete’s videos drive traffic to Sneaky Pete’s online store as well as affiliate traffic to Namaste. Under this new partnership, Namaste will manage all credit card processing, logistics and inventory fulfillment. SPV Enterprises will be compensated based on Namaste’s drop shipping price platform. Namaste has already begun the integration of Sneaky Pete’s online store and expects a live launch on or about October 10, 2016. Namaste will utilize its e-commerce resources to enhance video rankings and conversion rates for Sneaky Pete’s Youtube channel and retail store.
VaporTownUSA.com is an existing online retail site for vaporizers and accessories. Namaste will be managing sales, customer service and logistics for VaportownUSA.com and net profits will be shared between VaporTownUSA.com management and Namaste equally. Through this relationship, Namaste plans to expand VaporTownUSA’s product offering and increase sales by utilizing search engine optimization and inbound marketing techniques. VaporTownUSA generated approximately C$200,000 of revenues in 2015
Management Commentary
Mr. Sean Dollinger, President and CEO of Namaste, comments: “These new partnerships with Sneaky Pete and VaporTownUSA represent our company’s strategy to build and nurture strategic relationships within our industry through exposure to new sales channels and growth through online retail consolidation. We have always been strong supporters of Sneaky Pete and are very proud to have him on as a part of our team. Likewise, the partnership and integration of VaporTownUSA represents another aspect of our strategy in operating existing retail sites. Namaste continues to pursue multiple additional partnerships of this nature.”
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
FORWARD-LOOKING INFORMATION
This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors 5 discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
Namaste Technologies Inc.
Sean Dollinger
+ 1 (786) 389-9771
[email protected]
www.namastetechnologies.com