Posted by AGORACOM
at 11:58 AM on Thursday, February 18th, 2021
Deepest borehole at Adumbi intersects 55.43 metres grading 2.76 g/t Au including 12.45 metres grading 8.11 g/t Au
Significant widths and grades will increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi
Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce further significant assay results from its drilling program within its 84.68% owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo. The deepest borehole drilled to date at its flagship Adumbi deposit, LADD007 intersected 55.43 metres grading 2.76 g/t gold (including 12.45 metres grading 8.11 g/t Au). Assay results were also received for core hole LADD006, which was a shallower hole drilled on the northeastern contact of the Adumbi deposit, with expected grades and widths.
Mineralized sections for boreholes LADD007 and LADD006 are summarised in the table below:
Borehole Number
From (m)
To (m)
Intersected Width (m)
Grade (g/t) Au
LADD007
99.95
107.80
7.85
1.45
LADD007
540.62
596.05
55.43
2.76
LADD007 including
583.60
596.05
12.45
8.11
LADD007
607.90
611.27
3.37
4.61
LADD006
299.37
302.25
2.88
2.64
LADD006
308.00
309.00
1.00
21.20
LADD006
322.10
337.30
15.20
1.67
LADD006
353.35
357.85
4.50
3.25
Borehole LADD007 had an inclination of minus 68 degrees and azimuth of 218 degrees at the start of hole and regular measurements of inclination and azimuth were taken at 30 metre intervals down the hole. All core was orientated, and it is estimated that the true widths of the mineralised sections are approximately 89% of the intersected width. All intercepted grades are uncut. Borehole LADD007 intersected the mineralization at a depth of 100 metres below S52 and approximately 40 metres below the open pit (see Figures 2 and 3 below). Borehole LADD006 had an inclination of minus 58 degrees and azimuth of 218 degrees and it is estimated that the true widths of the mineralised sections of LADD006 are approximately 95% of the intersected width.
Commenting on these latest drilling results, Loncor President Peter Cowley said: “We continue to be encouraged by the results at Adumbi. Results from all five boreholes of our current drilling program have intersected significant widths and grades and will increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi. We are especially pleased with the continuity of gold mineralization at depth as highlighted in Figures 2 and 3.”
Posted by AGORACOM
at 8:58 AM on Thursday, February 18th, 2021
3,400m drilled on the Trove Property over 12 holes.
Encountered mineralization 200 meters below surface and at 300m
Durango drilled three scout holes on the East Barry Property totaling 1,969 meters
2,000 samples are pending assay results at multiple labs for both the Trove and East Barry properties.
Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) announces that the drilling campaign on its wholly owned Trove and East Barry Properties at Windfall Lake is still underway.
Trove Property
Currently, Durango is drilling holes on the northern portion of the Trove Property which was inaccessible until late 2020 due to late cold weather conditions. Approximately 3,400 meters has been drilled on the Trove Property in 2020 and 2021 over 12 holes. The Trove exploration program was designed to test the high priority Induced Polarization (“IP”) anomalies in the northern section of the Trove Property. So far, the majority of the mineralized sections were encountered within 200 meters below surface, with some exceptions encountering mineralization at depths of 300m and more.
East Barry Property
In January, Durango drilled three scout holes on the East Barry Property totaling 1,969 meters to try to determine the location of the felsic dykes in intrusive pluton. The scout holes enabled Durango to derive structural and lithological data on the East Barry and to test till anomaly targets which were previously inaccessible.
More than 2,000 samples are pending assay results at multiple labs for both the Trove and East Barry properties. Durango has encountered further lab delays due to a Covid-19 breakout at one of the processing facilities earlier this month, so the Company has secured additional labs to help alleviate the turnaround time and assay delays. Durango’s exploration and drill teams have not been exposed and continue to remain safe and healthy at the camp.
Posted by AGORACOM-JC
at 4:11 PM on Wednesday, February 17th, 2021
The global behavioural health market size is expected to reach approximately US$ 245 billion by 2027 and estimated to grow at CAGR of 2.5 % over the forecast time frame 2020 to 2027.
As a consequence of the increasing incidence of mental health disorders, global demand for mental health facilities is increasing.
Psychedelics are going to go through parabolic, paradigm-shifting growth because of their ability to treat anxiety and depression amongst other things
Novamind is a leading mental health company specialized in psychedelic medicine, building the infrastructure required for a regulated psychedelics industry.
Highlights:
Rapidly expanding a network of outpatient mental health clinics and research sites
4 clinics in Utah, 1 more anticipated this quarter
Provides ketamine-assisted psychotherapy and Spravato™ (esketamine) treatments;
Ketamine treatment volume grew 90% from 2019 to 2020
During the same period, total Spravato™ treatments rose 400%
Positioned to facilitate MDMA and psilocybin therapy post-FDA approval
Building centers of excellence for future approved psychedelic treatments
Approximately CAN$1,900,000 in 2019 revenue
Strong insider ownership (32.3%)
Watch this powerful interview with Dr. Reid Robison, Chief Medical Officer and Director of Novamind.
Posted by AGORACOM
at 3:08 PM on Wednesday, February 17th, 2021
Indicated and Inferred Categories Amounted to 6 Million Ounces
Windfall Among The Best High-Grade Development Projects Globally
Durango Waits On Their First Assays Bordering Windfall
Trove and East Barry Drill Projects
20 High Priority Targets
40% Inside Ownership
Osisko Mining (OSK:TSX) today provided an updated mineral resource estimate for its 100% owned Windfall gold deposit, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
The company said that highlights of an updated resource estimate include measured and indicated gold ounces increase by 54% and a grade of 9.6 g/t Au, which continues to increase with infill program. The total gold resources in measured, indicated and inferred categories amounted to 6 million ounces.
Osisko added that this mineral resource estimate places Windfall among the best high-grade development projects globally.
The mineral resource defined by Osisko comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada.
Posted in All Recent Posts | Comments Off on Industry Bulletin: Osisko Mining Increase High-Grade Gold Resources at Windfall SPONSOR: Durango Resources $DGO.ca $OSK.ca $BTR.ca
Posted by AGORACOM-JC
at 9:17 AM on Wednesday, February 17th, 2021
Beyond Meat has become an $11 BILLION company by creating products designed to emulate beef.
Non-Alcoholic beer is now an $18 BILLION market by creating products designed to emulate alcoholic beverages.
The basis of success for each has come from delivering the experience meat eaters and beer drinkers have come to love, without any of the negative health effects.
TAAT™ Beyond Tobacco™ mimics the experiences of cigarettes without nicotine or tobacco. It is engineered to closely emulate the sensory components of smoking a tobacco cigarette, including tasting and smelling just like tobacco.
E-cigarettes and vaping have failed despite existing for 15 years, driving most smokers back to cigarettes because they only perpetuate the problem of nicotine addiction while delivering a completely different user experience to smokers.
Under the leadership of experienced veterans from the tobacco industry, including and especially Philip Morris International, TAAT™ launched in the United States just 9 weeks ago and has already received repeat orders from more than 60% of convenience and gas station customers.
How good was this launch?
“Out of all of the tobacco category products I have worked with, TAAT™ is an outlier in terms of the level of demand it has had in its early stages. I have launched dozens of new tobacco brands across Canada as well as in the Caribbean, and while many of the new products were reordered by retailers in their first several weeks on the market, none of them were reordered by anywhere near 60% of stores that initially carried them. …. I have confidence that we could replicate these outcomes both in Ohio and in other markets where we may introduce TAAT™ in the future.” – TAAT Chief Revenue Officer Tim Corkum (former commercialization executive for Philip Morris International)
How big is the market TAAT is going after? Tobacco is used by:
34M adults in America, equating to 215 BILLION cigarettes sold in 2018
1.3 billion people worldwide
… and almost all of them aspire to leave nicotine behind. Beyond Tobacco™ from TAAT is about to give them what they want and, if they succeed, give shareholders “Beyond Belief” returns in the next 2-3 years.
Watch this great interview with CEO Setti Coscarella!
Posted by AGORACOM
at 8:51 AM on Wednesday, February 17th, 2021
Received formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant to start EV battery recycling operations in 2021
Initiative to recover and recycle key materials from EV batteries in an ecologically sound manner
St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) has received a formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant in Baie-Comeau, Québec, where the company could start its EV battery recycling operations in 2021.
The Letter of Intent received on February 16, 2021, from Innovation & Dévelopment Manicouagan underlines the local community’s support for the installing of St-George’s first battery plant. St-Georges has identified a specific site for the recycling battery plant, which is already permitted for similar types of operations. Innovation & Dévelopment Manicouagan proposes defining the parameters of the study to encompass all the financial, strategic, technical, and environmental aspects of the project. The partners expect to initiate work on the study by mid-March. Furthermore, they will assist the company in all of its negotiations and permitting process with the provincial and local governments.
Paul Pelosi Jr., President of St-Georges wholly owned EV battery recycling subsidiary, EVSX Corp, commented: “ Innovation & Dévelopment Manicouagan’s intent to partner with St-Georges to complete this feasibility study, validates our initiative to recover and recycle key materials from EV batteries in an ecologically sound manner. The team at St-Georges has done an outstanding job of pulling everything together expeditiously … we are purposefully setting a fast pace, now and in the future, for the development of our battery recycling technology.”
Posted by AGORACOM
at 8:28 AM on Wednesday, February 17th, 2021
Tartisan Nickel Corp. (CSE:TN)(OTC Pink: TTSRF)(FSE:A2D) (“Tartisan”, or the “Company”) is pleased to announce that the Company has purchased a 100% interest in certain claims in the Sault Ste. Marie Mining District in Ontario to complete the Sill Lake lead-silver property package.
The mining claims purchased are located in Van Koughnet Township, about 30 km north of Sault Ste. Marie, Ontario. A cash payment of $75,000; the issuance of 100,000 common shares in the capital of Tartisan Nickel Corp. and a 2% net smelter return royalty (subject to a 1% buy-back provision for $250,000) has been paid and assigned in consideration to the vendors.
The Company additionally reports that 17 single cell mining claims contiguous to the Sill Lake land package have been staked. The Sill Lake lead-silver project now consists of 47 single cell mining claims which represents 933.57 hectares.
Lead-silver mineralization was originally discovered at Sill Lake in 1892, when a 30m adit was driven to a 17m internal shaft, with approximately 40m of lateral development to exploit a lead-silver vein. The Sill Lake lead-silver property was later defined by explorers who conducted a 3750m of diamond drill program along a defined steeply dipping mineralized trend some 850m in length, with mineralized widths varying between 1.5m and 4.5m.
The Sill Lake Lead-Silver Project has seen two distinct periods of underground development and production and it is estimated that 7,000 tonnes of ore containing lead and silver were mined.
In 2010, a historical NI 43-101 Technical Report gave a measured and indicated mineral resource of 112,751 tonnes at 134 g/t silver; 0.62% lead, and 0.21% zinc. The historical resource estimate used a silver cutoff grade of 60 g/t; but no cutoff grade for the base metal content was used.
Posted by AGORACOM
at 7:59 AM on Wednesday, February 17th, 2021
Plan of arrangement with Stinger Resources Inc. is expected to occur at 12:01 a.m. on February 25, 2021
Stinger Assets include property interests, Tudor Gold Corp. shares, $2,500,000 cash, the right to contingent cash payments on exercise of certain outstanding warrants, and certain real property
Stinger will trade under “STNG” on TSXV
AMK retains 20% Carried Interest to Production at Treaty Creek
American Creek Resources Ltd. (TSXV: AMK) (the “Company” or “American Creek“) is pleased to announce that further to its press release dated December 5, 2020, the effective date for the spin-out of certain assets, including property interests, Tudor Gold Corp. shares, $2,500,000 cash, the right to contingent cash payments on exercise of certain outstanding warrants, and certain real property, to its shareholders by way of a plan of arrangement (the “Arrangement“) with Stinger Resources Inc. (“Stinger“) is expected to occur at 12:01 a.m. on February 25, 2021 (the “Effective Date“).
Pursuant to the arrangement, holders of common shares of American Creek as of the close of business on February 24, 2021 will receive one new common share of American Creek (each, an “American Creek Share“) and 0.11324 of a Stinger common share (each, a “Stinger Share“). The existing common shares of American Creek are expected to be delisted on the TSX Venture Exchange (the “TSXV“) as of the close of business on February 24, 2021. American Creek Shares are expected to commence trading on the TSXV at the market opening on February 25, 2021. The CUSIP numbers for the new American Creek Shares and the Stinger Shares will be 025288309 and 860836105, respectively.
Olympia Trust Company (“Olympia Trust“) will forward replacement certificates to each American Creek shareholder that is entitled to receive certificates, representing their allotted number of new American Creek Shares and Stinger Shares in accordance with the Arrangement. Letters of transmittal have been mailed to registered holders of common shares of American Creek, which must be completed and returned to Olympia Trust together with the share certificates of American Creek at the address specified in the letter of transmittal, in order for American Creek shareholders to receive new American Creek Shares and Stinger Shares following the Effective Date. A copy of the letter of transmittal is also available under the Company’s profile on SEDAR at www.sedar.com. For more information, see the Company’s management information circular dated October 29, 2020 filed under the Company’s profile on SEDAR at www.sedar.com.
Stinger has received conditional approval to list the Stinger Shares on the TSXV. Final listing approval will be subject to Stinger satisfying all of the listing conditions of the TSXV. Stinger will announce by way of a further press release the date on which trading of the Stinger Shares will commence, which is expected to be in the first week of March, 2021. The trading symbol for the Stinger Shares will be “STNG”. Further details regarding Stinger will be contained in Stinger’s TSX-V Form 2B Listing Application, which is expected to be made available under Stinger’s profile on SEDAR at www.sedar.com on February 25, 2021.
Posted by AGORACOM-JC
at 11:23 PM on Tuesday, February 16th, 2021
DraganFly ($DFLY) and Windfall Geotek ($WIN) have combined world-class drone technology with artificial intelligence to create an “incomparable solution” solving the global landmine epidemic.
With 60 – 110 million landmines needed to be found, the market is estimated to be worth $700M per year … But that pales in comparison to the value of lives that will be saved and economic prosperity created from ridding regions plagued by landmines.
