Posted by AGORACOM-JC
at 4:27 PM on Friday, March 12th, 2021
TSX listed Candente Copper owns Canariaco Norte, a large, economic copper deposit in Peru that just took a step closer to a becoming a mine.
Cañariaco is a 100% owned feasibility-stage porphyry copper deposit containing 7.5B pounds Measured and Indicated and can be mined for 22 years once in production. Oh, and Canariaco Norte is in the lowest quartile of production costs for projects waiting to be developed at around 0.98c per pound of copper.
If that doesnt have your attention, Goldman Sachs has it ranked as one of the top 80 projects waiting to be developed worldwide. This is a deposit itching to become a mine and Candente is very close to achieving this remarkable feat.
With the price of copper firmly above $4 dollars, the economics supporting Canariaco going into production only gets stronger.and initiates unlocking the ultimate potential of the Canariaco Norte deposit.
Watch this great interview with Candente CEO Joanne Freeze as she explains the move toward production and its significance to the copper markets.
Posted by AGORACOM-JC
at 9:19 AM on Friday, March 12th, 2021
SPONSOR: The Liquid Avatar Technologies (LQID: CSE) Mobile App, available in the Apple App Store and Google Play is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com.
Posted by AGORACOM-JC
at 5:02 PM on Thursday, March 11th, 2021
Fabled Silver Gold controls 100% of the Santa Maria Gold and Silver property in Mexico. It is a high grade underground mine with a rich mining history and a Silver Equivalent 43-101 with 3.2million ounces Indicated and 1.1m inferred.
Santa Maria, surprisingly, has never been systematically explored with modern methods, until now. FCO is 2000 meters into their first drill program of a planned 8000 meters to support updating the 43-101,and have recently reported on drill holes 4 and 5 from the Santa Maria Property in Parral, Mexico.
The mining friendly jurisdiction of Parral has produced over 250M oz silver. Moreover, multiple major operators in the vicinity, including three toll mills are within a 20 km distance.
Watch this great interview with CEO Peter Hawley as he explains how these results support increasing the resource, as well as identifying new structures that support finding new discoveries.
Posted by AGORACOM
at 12:57 PM on Thursday, March 11th, 2021
B.C.’s prolific Golden Triangle is often referred to as “Elephant Country” given the intensity of mineral showings and deposits located there and because of the sheer scale of many of those deposits in this politically mining friendly jurisdiction. In this case a combination of the two may have been discovered as Treaty Creek has potential for multiple district-scale deposits on the same property.
The first mineralized zone at Treaty Creek to have a maiden resource is the Goldstorm. As explained in the March 9th press release it contains 19.4 million ounces at 0.74 g/t gold equivalent Measured and Indicated and 7.9 million ounces at 0.79 g/t gold equivalent Inferred. This makes it one of the largest gold deposits discovered in the last decade.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% (3/5th) and acting as operator. American Creek has a 20% (1/5th) interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek is fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while American Creek has a “free ride”.
A critical factor of metal deposits isn’t just the size, but it’s shape, consistency, and depth. Fortunately, the richest mineralization at Goldstorm is located in the close to surface “300 Zone.” The deposit is contiguous and is remarkably consistent as well. These factors create the potential for Goldstorm to be an open pit operation which is the least expensive route for both capital expenditures and operational expenditures, with the advantage of being able to mine the highest grade first.
FIGURE 1 (View looking NNE): Image of the 3D Constraining Pit Shell showing the 300 Horizon (Purple), CS-600 Zone (Red) DS-5 Zone (Orange) and Copper Belle (Blue). The maiden or initial resource calculation is exactly that: initial. The Goldstorm Zone remarkably remains open in all directions and at depth. As Tudor Gold’s VP of Exploration, Ken Konkin has stated: “This is just the first chapter of a very good book”. The edges or boundaries of the deposit are currently unknown with geophysical signatures indicating potential for significant expansion. Konkin, who was a key player in the development of the Brucejack Mine (Pretium Resources) just a few kilometers south of Treaty Creek, is an expert in both large-scale systems and geology in the Golden Triangle. He has often spoken of the importance of the “frequency for occurrence”, “frequency of distribution”, and “structural traps” characteristic of world class hydrothermal systems that create a predictable “rhythm”.
He’s stated that the Sulphurets Hydrothermal System, which includes Pretium (Brucejack mine), Seabridge (KSM deposits), and Treaty Creek, is a perfect example of this rhythm and refers to its many deposits as a “string of pearls……just really big pearls!” The potentially massive deposits on Treaty, including the Goldstorm and the Perfect Storm Zone, are located exactly where they should be within this system. Seabridge’s KSM deposits (Kerr, Sulphurets, Mitchell, Iron Cap) comprise the largest undeveloped gold deposit(s) in the world containing P&P reserves of 38 million ounces gold and 10.2 billion pounds of copper. Each deposit is approximately 2.5 – 3km apart and this “rhythm” continues northward through Treaty Creek with the Perfect Storm, the Goldstorm, and potential Goldstorm 2 zones. The yet to be drilled Perfect Storm zone has the same type of structural, geological, and geophysical characteristics as the other major deposits in the “string of pearls”. Along with expanding the Goldstorm, drilling the Perfect Storm will be one of the focuses for Tudor in 2021. On July 24, 2020 billionaire metals investor Eric Sprott stated (referring to the Goldstorm):
“It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)“
It looks like Eric’s prediction is remarkably accurate so far. With expansion of the Goldstorm and planned upcoming drilling of both the Perfect Storm and Eureka, the Treaty Creek project is primed to have a break-out year in the gold space. Treaty Creek is just 20km down a valley to a paved highway and high-transmission power lines with some of the cheapest power in the world. This is critical as power accounts for approximately 25% of mining costs. From there it’s only a 90-minute drive to bulk tonnage shipping ports in Stewart, BC. The project has excellent gold recoveries, water, a mining friendly government, and supportive First Nations in the area. What grade does it take to make a mine? That depends on a lot of factors, but critical ones include cheap power, proximity to roads and shipping ports, good recoveries, ample water, and close-to-surface deposits that can be open pit mined. Fortunately, Treaty Creek appears to have these characteristics. The in situ (in ground) grade is often lower than the head grade as initial beneficiation can concentrate the ore prior to processing. Canada’s newest gold mine, the Eagle mine (Victoria Gold) located in northern Yukon, produces with 0.65 g/t AuEq grade. Fort Knox (Kinross Gold) in Alaska produces at 0.4 g/t AuEq. Many mines in northern BC owned by companies like Centerra gold and Imperial Metals operate mines averaging well under 1g/t AuEq. Tudor Gold appears to be doing an exceptional job at adding shareholder value when considering how much gold has already been proven up given the exploration expenditures to date. Since their inception in 2016 it looks like they’ve raised close to $40M and they’ve discovered over 27 million ounces of gold! That’s less than $1.5/Oz gold CAD. Simply Amazing. That number would go down when we only consider exploration dollars at Treaty Creek. Because of the fully carried nature of American Creek’s 20% interest, it actually costs American Creek $0 / ounce regardless of how many ounces are potentially discovered. The American Creek shareholders are in the enviable position of seeing their stock value rise as Treaty Creek continues to be explored and developed without experiencing further dilution associated with that development. Currently American Creek shares are undervalued when considering the present market valuation of the Treaty Creek project. The global gold market and gold miners have a dilemma. Gold ounces in the ground are being mined faster than new ounces are being replenished, especially when it comes to new discoveries and large discoveries. Gold production is declining, and the mine life of new projects is getting shorter with smaller deposits being developed. This is increasing demand for the best projects and in particular, large projects, at a time when gold producers are making more money than at any time in their history.
Pierre Lassonde, the Canadian billionaire who is the past president of Newmont Goldcorp, has sat on the World Gold Council, and is Chair Emeritus of Franco Nevada ($23 billion) summed up the opportunity applicable to the Treaty Creek project quite nicely in two recent interviews. Back in the fall of 2020 he stated:
“Obviously, we’re going to see M&A in the space, and I think the way were going to see it is going to sort of be like three tiers. That is, if you have a project that has 1 to 3-million-ounce reserve capability, you’ll get offers at par. If you have 3 to 5-million-ounce of reserve capability, you’ll get a premium. Any project that is from 5 to 10 to 15-million-ounces, there will be bidding wars for those.”
On March 8th, 2021 Mr Lassonde was asked:
“If you were to think like an investor now, what would you do to convince some of these smaller companies to enhance shareholder value? What could the junior mining industry as a whole do right now that could be more attractive for investors at this time?”
His response:
“You know, the fundamental thing about junior mining is at the end of the day 90% of the value in our business is created by the drill bit. So, you’ve got to look at your finding costs per ounce, and if these companies are not able to find gold for like $20, $30, $40 an ounce (they) should not be in this business. What I look at as an investor, the bottom line is what’s your cost of finding an ounce of gold? That’s your common denominator. That’s where you find the value for shareholders.”
Gold is beingdiscovered at Treaty Creek for less than $1.50 CAD ($1.18 USD) / Oz opposed to $20-$40/Oz, and they’ve only begun scratching the surface from a geological point of view. American Creek shareholders are enjoying a $0/Oz rate. As Mr. Lassonde stated, “(this) is where you find the value for shareholders”. This truly is Elephant country and as Mr. Konkin put it “This is just the first chapter of a very good book”. Based on the first chapter, this appears to be a book well worth reading.
Posted by AGORACOM-JC
at 10:47 AM on Thursday, March 11th, 2021
EVENT – Q1 Investor Summit
DATE – March 23-25th, 2021
PRESENTATION – March 24th @ 11:30AM ET
VANCOUVER, British Columbia, March 11, 2021 — PlantX (CSE:VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) today announced that Sean Dollinger, Founder, will be attending the Q1 Virtual Investor Summit.
About The Investor Summit The Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors. The Q1 Investor Summit will take place virtually, featuring 100 companies and over 300 institutional and retail investors.
Posted by AGORACOM
at 8:08 AM on Thursday, March 11th, 2021
Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the “Company” or “Durango”) reports that recent drilling on its wholly owned Trove Property at Windfall Lake, Québec has intersected visible (“native”) silver in its latest drill hole.
The drill hole was completed on the northern portion of the Trove Property and was targeted to test a magnetic and Induced Polarization (“IP”) anomaly in the area. The hole was drilled sub-perpendicular to the Rouleau fault which continues onward to the Gladiator deposit of neighbouring Bonterra Resources Inc. (TSX-BTR) and is where the Windfall Lake structure converges.
Trove Property drill hole location outline
“Native silver” is composed of atoms from a single element of Ag (silver). Silver is usually associated with gold, copper and sulphides. Native silver is usually found in hydrothermal systems developed around felsic to intermediate magma. The presence of native silver is an indicator of a last phase of hydrothermal solution precipitation after K-feldspar, pyrite and gold. Native silver is generally found bordering important magmatic-hydrothermal systems.
Durango’s latest diamond drill hole intersected 9 meters of orogenic styles of mineralization in a shear zone which contained native silver identified at multiple depths including 285 and 288 meters below surface. Overall observations of the drill core included multiple shear and breccia zones, silica-sericite-carbonate-tourmaline-epidote alteration, mineralized quartz veins, and mineralized felsic dikes in contact with volcanic units.
General mineralization consisted of disseminated pyrite and stringers, sphalerite and pyrrhotite associated with shear and alteration zones. The presence of visible silver is an indication that the current drilling is near of a hydrothermal system. Durango plans to continue drilling down dip to test the system.
Posted by AGORACOM
at 10:19 AM on Wednesday, March 10th, 2021
Commencing Share Buy Back Program
Purchase up to 5M+ of TN Common Shares
Tartisan Nickel Corp. (CSE:TN)(OTC PINK:TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) announces its intention to commence a normal course issuer bid (“NCIB“), under which the Company may purchase up to 5,246,456 of the Company’s common shares, representing approximately 5% of the issued and outstanding common shares of the Company.
Tartisan is commencing the “NCIB” because it believes that the underlying value of the Kenbridge Nickel Project, along with the Company’s portfolio holdings, are not adequately reflected in the market price of its common shares. Tartisan Nickel Corp. believes that the repurchase of its common shares for cancellation represents an appropriate use of the Company’s financial resources and will enhance shareholder value.
The “NCIB” is expected to commence on March 17, 2021 and terminate on March 17, 2022. All common shares purchased under the “NCIB” will be purchased on the open market through the facilities of the Canadian Securities Exchange (the “CSE”) and/or alternative trading systems. All purchases made under the “NCIB” will be at the prevailing market price for the common shares at the time of purchase. Common shares acquired by the Company under the “NCIB” will be cancelled. Tartisan Nickel Corp. has appointed Independent Trading Group (ITG) Limited as its broker to conduct the “NCIB” purchases on its behalf.
About Tartisan Nickel Corp.
Tartisan Nickel Corp. is a Canadian based mineral exploration and development company which owns; the Kenbridge Nickel Project in Northwestern Ontario, the Sill Lake Lead-Silver Project in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru.
The Company has an equity stake in; Eloro Resources Limited, Class 1 Nickel & Technologies Limited, Peruvian Metals Corp. and Silver Bullet Mines Inc.
Posted by AGORACOM
at 10:15 AM on Wednesday, March 10th, 2021
Mountain Valley MD Files Trademark For Selactosol™
Mountain Valley MD Holdings Inc.(the “Company” or “MVMD“) (CSE: MVMD) (FRA: 20MP) (OTCQB: MVMDF) is pleased to announce it has achieved a water solubilized selamectin product using its patent-pending Quicksol™ technology. To date, selamectin was considered a virtually water insoluble molecule with tremendous potential in treating parasitic infestations in husbandry and companion animals, as well as mycobacterium-based infections including Buruli Ulcer, Leprosy and Tuberculosis.
MVMD scientists successfully solubilized selamectin at 15mg/ml into a water solution without any organic solvents, which it believes is a critical achievement to allow formulation into topical application creams, oral rapid dissolve sublingual tablets, and injectable applications.
“We continue to accelerate our focus and efforts on solving the most significant human and husbandry animal health problems facing our global population,” stated Dennis Hancock, President and CEO of Mountain Valley MD. “We are very optimistic that this breakthrough on selamectin will help MVMD pursue near term licensing and commercialization opportunities consistent with our business plan.”
The Company has filed for trademark protection under the brand name Selactosol™ to support its continuing work within the Quicksol™ line of water solubilized macro-cyclic lactones. The Company has focused its initial efforts on already approved macro-cyclic lactones given its belief that they will yield the broadest commercialization opportunities in the shortest period of time.
Having successfully applied the Quicksol™ solubilization technique to the selamectin drug, MVMD will now proceed to formulate Selactosol™ 1.5% for preclinical evaluation trials of mycobacterium-based infections such as Buruli Ulcer, Leprosy and Tuberculosis.
“We believe this discovery to be a breakthrough that will enable the efficacy needed to treat respiratory infections such as tuberculosis by enabling the drug deposition into the airways and lungs through injections, aerosol formulations and pulmonary delivery,” stated Mike Farber, Director of Life Sciences at Mountain Valley MD. “We are anxiously looking forward to proving the efficacy of this breakthrough in multi-drug and extended drug resistant strains of tuberculosis.”
Posted by AGORACOM
at 10:10 AM on Wednesday, March 10th, 2021
Launching of Covid-ID Lab, A Rapid, Accurate & Robust COVID-19 Test System
Licensing & Distribution Partnerships Coming
XPhyto Therapeutics Corp. (CSE:XPHY / OTCQB:XPHYF / FSE:4XT) (“XPhyto” or the “Company”), and its exclusive German diagnostics development partner, 3a-diagnostics GmbH (“3a”), are pleased to announce successful EN ISO 13485 certification for the rapid point-of-care, SARS-CoV-2 RT-PCR Test System (“Covid-ID Lab”). This standardization and quality assurance certification provides authorization for distribution of Covid-ID Lab upon receipt of CE mark (CE-IVD) approval. The Company expects CE-IVD approval as an in vitro diagnostic product in March 2021.
EN ISO 13485 is the internationally recognized European standard for quality control and management systems in the design and manufacture of medical devices. It is accepted as the basis for CE certification of medical devices under relevant European directives and regulations.
“We are pleased to remain on schedule with the launch of Covid-ID Lab and will continue to move forward as efficiently as ever,” said Hugh Rogers, CEO and director of XPhyto. “At the same time, our experienced launch team is working hard to bring Covid-ID Lab to market and to establish German and international licensing and distribution partnerships.”
Covid-ID Lab was designed to be a rapid, accurate and robust COVID-19 test system with reduced operating costs and increased convenience and portability. As previously announced on February 24, 2021, the company placed its first production order from 3a for 9,600 individual tests. Delivery of this first order is expected by mid-March 2021 and is primarily intended to provide potential German and international distributors and licensees and their respective government regulators with test samples for review and evaluation. Initial commercial manufacturing is planned for Germany, with additional capacity in other jurisdictions expected to follow. The sales launch in Europe is targeted for April 2021. XPhyto is currently in discussions with potential distribution and wholesale partners in Europe and the Middle East.
XPhyto and 3a are also developing a portfolio of oral biosensor screening tests for detection of bacterial and viral infectious diseases, including influenza A, group A strep, stomatitis, periimplantitis, and periodontitis. Additional pandemic-focused biosensors are in development, specifically for H1N1 (swine flu), and H5N1 (avian flu). The Company is planning the commercial launch of its first biosensor product in the second half of 2021.
