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Novamind $NM.ca $NVMDF to Present at Benzinga Conference $RVV.ca $MMED $PSYC.ca $FTRP.ca $CMPS $NUMI.ca

Posted by AGORACOM-JC at 12:08 PM on Tuesday, February 23rd, 2021

Announced its participation in the Benzinga Cannabis Capital Conference, on February 25th and 26th, 2021, one of the select companies to be featured from the emerging psychedelics industry.
On Friday, February 26th, 2021 at 1:30pm EST, Novamind’s CEO and Director, Yaron Conforti, will present the Company’s vision for scaling access to psychedelic medicine and advancing clinical research.

TORONTO, ON / February 23, 2021 / Novamind Inc. (CSE:NM) (OTC PINK:NVMDF) (“Novamind” or “the Company”), a leading mental health company specialized in psychedelic medicine, is pleased to announce its participation in the Benzinga Cannabis Capital Conference (“the Conference”), on February 25th and 26th, 2021, one of the select companies to be featured from the emerging psychedelics industry.

On Friday, February 26th, 2021 at 1:30pm EST, Novamind’s CEO and Director, Yaron Conforti, will present the Company’s vision for scaling access to psychedelic medicine and advancing clinical research.

“We are excited to connect with investors who share our belief that innovative mental health therapies are disrupting the current standard of care in mental health,” said Yaron Conforti, CEO and Director of Novamind. “I look forward to this opportunity to share Novamind’s approach to mental healthcare and clinical research in psychedelic medicine.”

The Conference will also host a panel discussion on psychedelics with industry leaders including Novamind’s Chief Medical Officer, Dr. Reid Robison on Friday, February 26th, 2021 at 1:50pm EST.

For more information about the conference, please click here.

About Novamind
Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics, retreats, and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of Cedar Psychiatry clinics and operates Cedar Clinical Research, a contract research organization specialized in clinical trials and evidence-based research for psychedelic medicine. Both Cedar Psychiatry and Cedar Clinical Research are wholly owned subsidiaries of Novamind. For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit novamind.ca.

Contact Information:

Novamind
Yaron Conforti, CEO and Director
Telephone: +1 (647) 953 9512

Bill Mitoulas, Investor Relations
Email: [email protected]

Forward-Looking Statements
This news release contains forward-looking statements. All statements other than statements of historical fact included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations including the risks detailed from time to time in the Company’s public disclosure. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable laws.

SOURCE: Novamind Inc.

Tags: COMPASS PATHWAYS, CSE, Field Trip Health Ltd., MIND MEDICINE (MINDMED) INC
Posted in Featured, Novamind Inc. | Comments Off on Novamind $NM.ca $NVMDF to Present at Benzinga Conference $RVV.ca $MMED $PSYC.ca $FTRP.ca $CMPS $NUMI.ca

Spyder $SPDR.ca Cannabis to Acquire a Leading Vape Retailer 180 Smoke $ACB $APHA $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 11:23 AM on Tuesday, February 23rd, 2021

To acquire all of the issued and outstanding shares of the entities that collectively comprise the business of 180 Smoke (“180 Smoke“), a dominant vape retailer in Canada. The Company has agreed to purchase the shares of 180 Smoke

Vaughan, Ontario–(February 23, 2021) – Spyder Cannabis Inc. (TSXV: SPDR) (“Spyder” or the “Company“), an established Canadian cannabis and vape retailer, is pleased to announce that the Company has entered into a binding agreement with CRHC Holdings Corp. (the “Seller“) to acquire all of the issued and outstanding shares of the entities that collectively comprise the business of 180 Smoke (“180 Smoke“), a dominant vape retailer in Canada. The Company has agreed to purchase the shares of 180 Smoke (the “Acquisition“), on a cash-free basis (after post-closing adjustments), for nominal consideration. Additionally, the Company has secured a strategic institutional investor to acquire all of the existing debt of 180 Smoke owing to an affiliate of the Seller. The parties will proceed to close the Acquisition upon satisfaction of the closing conditions.

Transaction Highlights

180 Smoke is a leading Canadian vape product retailer that has been widely regarded as the gold standard for vape store operations and customer service. 180 Smoke sells high-quality e-cigarettes, vaporizers and other nicotine-related products.
The Acquisition is expected to immediately increase Spyder’s consolidated revenue with the addition of 180 Smoke’s nicotine vape sales, franchise revenue and other wholesale and distribution revenue which generated approximately $12.9 million in unaudited net revenue during the year ended December 31, 2020.
180 Smoke has a team of 91 employees who will continue to operate 180 Smoke’s 18 brick and mortar vape retail locations, 8 franchises, and its corporate head office and distribution warehouse, following the closing of the Acquisition.
180 Smoke’s current customer base includes 92,481 in-store accounts, 98,052 online accounts, as well as 235 specialty wholesale vape B2B accounts.
Spyder expects to integrate its 2 brick and mortar vape retail stores with those of 180 Smoke’s to leverage the acquired know-how and intellectual property, including retail store design and layout, standard operating procedures, administrative systems and customer support, human resources and staff training, and accounting.
Synergies are also expected between 180 Smoke’s existing customer base with Spyder’s cannabis business.
Spyder will have the ability to utilize its wholly-owned subsidiary’s Retail Operator License issued by the Alcohol and Gaming Commission of Ontario (AGCO) to convert some of 180 Smoke’s existing vape retail locations to licensed cannabis dispensaries by obtaining a Retail Store Authorization from the AGCO for such store.

Read More: https://agoracom.com/ir/SpyderCannabis/forums/discussion/topics/755908-spyder-cannabis-to-acquire-a-leading-vape-retailer-180-smoke/messages/2304946#message

Tags: Cannabis, CBD, CSE, Hemp, Marijuana, small cap stocks, stocks
Posted in Spyder Cannabis Inc. | Comments Off on Spyder $SPDR.ca Cannabis to Acquire a Leading Vape Retailer 180 Smoke $ACB $APHA $CRON.ca $OGI.ca

Marble $MRBL.ca $MRBLF Launches its ‘MyMarble’ Financial Wellness Platform with LendforAll Canada $MOS.ca $MOGO.ca $CTZ.ca

Posted by AGORACOM at 11:11 AM on Tuesday, February 23rd, 2021

Vancouver, B.C. – February 23, 2021 – Marble Financial Inc. (CNSX :MRBL) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” or the “Company”) utilizes AI-driven financial technology company to help Canadians better understand how credit can affect their financial future, is pleased to announce a referral agreement with LendforAll Canada offering its consumers our AI-driven financial wellness SaaS platform, MyMarble .

Marble, a leading financial technology innovator, is expanding its referral program with LendforAll Canada, a company that since 2018 has helped over 25,000 borrowers in achieving their financial goals through their proprietary lending platform that is safe, secure, and provides a loan application process that is seamless, simple, and easy to use.

Access to such an engaged visitor base of underbanked consumers presents another new growth channel of opportunity for Marble to further empower Canadians using its holistic personal finance fintech solution that provides precise expert curated recommendations, insights, and financial literacy.

According to Marble’s 2020 Personal Finance Sentiment Survey (1), 65% of Canadians turn to online and alternative lenders, seeking a more flexible and attainable product or service to help with their current financial situation. This growing trend amongst consumers has presented a much higher need for Canadians to utilize technology like MyMarble to strengthen their chances of approval.

This new referral engagement will utilize LendforAll’s, ‘AI-powered product matching system’ that recommends to its consumers the MyMarble financial wellness products.

Tags: $MRBL, $MRBL.ca, $MRBLF, AI, LendforAll, Marble, Marble Financial, MyMarble
Posted in Marble Financial Inc. | Comments Off on Marble $MRBL.ca $MRBLF Launches its ‘MyMarble’ Financial Wellness Platform with LendforAll Canada $MOS.ca $MOGO.ca $CTZ.ca

AGORACOM Welcomes PK Beans $BEAN.ca A Revenue Generating Female-Led Children’s Clothing Brand

Posted by AGORACOM-JC at 11:04 AM on Tuesday, February 23rd, 2021

A Revenue Generating Female-Led Children’s Clothing Brand

Why PK Beans

Award winning brand (Jillian Harris Favourite Brand)
$1.5M in 2020 Sales
10,000 customers
62% returning customer rate
790 affiliates
Over 18K orders this year

Other KPI’s

Reported significant growth in its online presence:
August 2020 reported a 21% increase in online users and a 247% increase in web conversions; from 249 conversions in August 2019 to 1292 in 2020
Company saw a 292% increase in return on ad spend (ROAS) from 7x in August 2019 to 28x in August 2020.
Resulted in a 373% increase in revenue from ad spend, up from $25,668 to $121,425 in August 2019 and August 2020 respectively.
900% increase of sales on Fall launch day over Fall 2019, of $36,000 and a 25% inventory sell through within the first two weeks
Launched reusable mask program for kids and families selling over 5,000 masks with a 50% gross margin bringing in revenue of $60k.

Clothing Line

Outlook

Significant revenue and EBITDA growth projected in the next 12 months through marketing initiatives and profitability
Powerful low cost omni-channel distribution model that allows for exponential growth
Improving gross margins by reducing our costs through new manufacturing partnerships and product assortment, including our worn wear secondary revenue stream and short term revenue on mask sales
Significant Growth of the second hand market revenue
Establishing loyal customer base and revenue stream

Female Powered Team

Promotional Programs

PKB Explorers Club

Introduced the adventure subscription box “PKB Explorers Club”
Monthly subscription that will extend the Company’s retail apparel brand into children adventure play and media space.
Will enhance the brand and convert the steps taken in marketing into a profitable recurring revenue stream

PK Beans brings a kids club for education and entertainment straight to the home - InvestorIntel

PK Explorers’ Club allows children to become immersed into a magical storybook world, conceived by Emmy-winning child psychologists.
Each month, children receive a new storybook, with Augmented Reality (AR) components for a balanced digital engagement. In addition, with AR, it includes active play components, such as a dress-up felt board and an adventure map.

GDFA Season Pass Subscription – PKB Explorers' Club

PK Replay

Launched a sustainability initiative in store, and online, also known as a second hand resale program called, PK REPLAY.
Provides a 56% margin and repurposed items boast an 86% gross margin for the Company
With the high quality and longevity of PK Beans clothing, being able to offer good quality second hand pieces is perfect for reaching new and long standing customers.
Meanwhile this will keep clothing out of landfills and having a positive impact on the environment.
An economic and environmentally new opportunity for the Company as there is rapid growth in the second hand retail appeal market

Manufacturing

The fabric that PK Beans designs in-house for its playwear apparel are third-party tested to guarantee that it is aligned with OEKO-TEK® Standard 100, an independent testing and certification system for all stages of production from textile raw materials to end products.
The requirement is that all components of an item comply with the required criteria without exception, including the outer material, sewing threads, linings, prints, etc., as well as non-textile accessories such as buttons, zip fasteners, rivets, etc. for harmful substances and sensitivity to skin contact.
In addition, PK Beans conducts its own third-party lab testing to ensure its dying mills are adhering to the Company’s standards that its fabric does not contain harmful levels of heavy metals and other harsh additives that are found in most children’s clothing fabrics and dyes.
PK Beans works closely with its third-party contract manufacturers who adhere to a vendor code of ethics regarding social and environmental sustainability practices.
PK Beans relies on a limited number of suppliers to provide custom designed fabrics and follows the production of its apparel from raw fiber to finished garment.

Tags: covid19 protection, CSE, ecommerce, kids clothing, masks, omni-channel, online shopping, stocks, tsx
Posted in AGORACOM Clients (New), All Recent Posts, Peekaboo Beans Inc. | Comments Off on AGORACOM Welcomes PK Beans $BEAN.ca A Revenue Generating Female-Led Children’s Clothing Brand

Kontrol $KNR $KNR.ca $KNR.c $KNRLF to provide BioCloud Field Demonstration and Customer application access $SNE $MSFT $HON $GOOGL $QCOM

Posted by AGORACOM-JC at 9:09 AM on Tuesday, February 23rd, 2021

On a case-by-case basis and subject to the required customer approval the Company will provide video access and any relevant operating data.
“We understand the value and importance of sharing BioCloud units in operation across various customer applications,” says Paul Ghezzi, CEO of Kontrol.

TORONTO, ON / February 23, 2021 / Kontrol Technologies Corp. (CSE:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol Technologies” or “Kontrol” or “Company“) is pleased to announce that it plans to provide real-time demonstration of BioCloud units in operation in various customer and/or pilot customer (“customer”) applications. On a case-by-case basis and subject to the required customer approval the Company will provide video access and any relevant operating data.

“We understand the value and importance of sharing BioCloud units in operation across various customer applications,” says Paul Ghezzi, CEO of Kontrol. “To the extent that we have customer approval we will also share operating data with respect to specific applications. Where we are unable to provide specific operating access to a customer application, we will seek to aggregate and showcase that data in a manner which meets any privacy constraints.”

The Company will work with its customers to share photos and videos of the BioCloud units in operation and share that content. In certain cases, a customer pilot may be restricted from being shared based on the customer’s requirements for non-disclosure. Over the coming weeks the Company anticipates sharing multiple demonstrations of BioCloud in operation.

Production Improvement

The Company has been working with its contract manufacturing partners to enhance the production design of BioCloud with a specific emphasis on reducing the number of circuit boards. The number of circuit boards has been reduced to 5 starting from an initial prototype design of 11. These improvements are considered part of the normal course of moving from prototype to scale production. The reduction in circuit boards will also provide an opportunity to lower manufacturing costs in the future.

Update to Distribution Model

The Company currently has 11 total distributors and 3 sales referral agreements. The sales referral agreements relate to the China and Middle East markets. The sales referral agreements are non-exclusive in nature. The Company has chosen to limit the number of Canadian non-exclusive distribution agreements, from its original plans, given its view that the Canadian market has sufficient distributors in place. The Company is currently negotiating multiple new potential agreements for the USA and the Middle East on a non-exclusive basis.

Read More: https://agoracom.com/ir/KontrolTechnologies/forums/discussion/topics/755883-kontrol-to-provide-biocloud-field-demonstration-and-customer-application-access/messages/2304893#message

Tags: BioCloud, COVID-19, CSA, CSA Standards, CSE, energy conservation, google nest
Posted in Kontrol Energy Corp. | Comments Off on Kontrol $KNR $KNR.ca $KNR.c $KNRLF to provide BioCloud Field Demonstration and Customer application access $SNE $MSFT $HON $GOOGL $QCOM

POET Technologies $PTK.ca $POETF Targets New Markets for Co-Packaged Optics and Optical Sensing Applications with LightBar-C™ Product

Posted by AGORACOM-JC at 9:00 AM on Tuesday, February 23rd, 2021

Extended the Optical Interposer into new applications and markets with a fully-integrated, multiplexed light-source for optical computing chipsets and sensing applications, named “ LightBar-C™”.

TORONTO, Feb. 23, 2021 — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, announced that it has extended the Optical Interposer into new applications and markets with a fully-integrated, multiplexed light-source for optical computing chipsets and sensing applications, named “ LightBar-C™”.

The POET Optical Interposer platform has been extended and validated with the intrinsic features to support Conventional Band (“C-band”) and Long Band (“L-band”) lasers that produce light in a frequency range of 1530nm to 1625nm. POET has designed, developed and demonstrated cooled lasers for the Optical Interposer platform with up to 90mW of power operating at room temperature. In addition, the Company has designed and demonstrated a Dense Wavelength Division Multiplexer (“DWDM”) embedded in the Optical Interposer waveguide layer that allows channel spacings of 200GHz, providing the high density and broadband requirements needed for high-performance optical sensing and Co-Packaged Optics (CPO) applications, such as optical computing chipsets for Artificial Intelligence.

The Company’s first product to incorporate all of these features is the POET LightBar-C, which includes integrated spot-size converters that minimize coupling losses and increase power efficiency of components, such as multiplexers and detectors. The product provides low-loss fiber and free-space coupling, all specifically developed for highly integrated solutions within the C-band frequencies. The LightBar-C also utilizes a versatile and integrated laser source with multiple wavelengths (from 2 up to 8) multiplexed in the C-Band.

The optical bandwidth in the C-band is in the “eye-safe” region, which makes it ideal for free-space sensing applications. Consequently, C-band light solutions are expected to be foundational to the next generation of LiDAR solutions where high sensitivity, high power, reduced atmospheric influence and eye safety are presumed to be essential requirements.

Read More: https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/755882-poet-technologies-targets-new-markets-for-co-packaged-optics-and-optical-sensing-applications-with-lightbar-c-product/messages/2304892#message

Tags: AI, Cloud Computing, lightbar, Optical Interposer™, Photonic Integrated Circuits, photonics, small cap
Posted in POET Technologies | Comments Off on POET Technologies $PTK.ca $POETF Targets New Markets for Co-Packaged Optics and Optical Sensing Applications with LightBar-C™ Product

Former Soccer Star Tim Cahill Joins Victory Square Technologies $VST.ca $VSQTF Portfolio Company GameOn Entertainment Technologies as Strategic Advisor $NTAR.ca $SEV.ca $DBO.ca $YDX.ca

Posted by AGORACOM at 8:40 AM on Tuesday, February 23rd, 2021

Sports industry veterans Boris Gartner (CEO of LaLiga North America) and Shauna Griffiths (CEO of SLG Impact) also join as the company continues to empower sports and entertainment content providers with the world’s simplest and most accessible gamification platform

VANCOUVER, British Columbia, Feb. 23, 2021 — Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) portfolio company, GameOn Entertainment Technologies. (“GameOn” or” or the “Company“), the leader in providing consumers, broadcasters, sportsbooks, leagues and teams with interactive, social experiences around sports, TV and live events, is pleased to announce Tim Cahill, Boris Gartner and Shauna Griffiths as Advisors.

Cahill, Gartner and Griffiths join Vahid Shababi (Victory Square Technologies), Mike Vorhaus (Vorhaus Advisors), sports betting consultant Sean Hurley, and Sabrina Carrozza (Sabrina LCP Communications) as Advisors.

Cahill, the all-time leading scorer for the Australian men’s national soccer team, starred as striker and midfielder for Millwall, Everton, New York Red Bulls and clubs around the world during his playing career from 1998-2019.

Off the field, Cahill has studied at Harvard Business School, published a series of children’s books based on his own journey called Tiny Timmy, hosted a podcast and YouTube series with Wave.tv called Tim Talks, and is an official ambassador for the Supreme Committee for Delivery and Legacy for the 2022 FIFA World Cup.

Tags: $VST, $VST.ca, $VSTQF, Boris Gartner, GameOn, GameOn Entertainment Technologies, gamification, Shauna Griffiths, Tim Cahill, Victory Square Technologies Inc
Posted in Victory Square Technologies Inc. | Comments Off on Former Soccer Star Tim Cahill Joins Victory Square Technologies $VST.ca $VSQTF Portfolio Company GameOn Entertainment Technologies as Strategic Advisor $NTAR.ca $SEV.ca $DBO.ca $YDX.ca

Victory Square Technologies Inc. $VST.ca $VSQTF Portfolio Company GameOn Entertainment Technologies Inc. Announces Upsizing of Its Previously Announced Private Placement for Up to an Aggregate of $3 Million Due to Strong Investor Demand $DBO.ca $NTAR.ca $SEV.ca $YDX.ca

Posted by AGORACOM at 8:32 AM on Tuesday, February 23rd, 2021

VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“ Victory Square ”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that further to its news release dated February 22, 2021, its portfolio company GameOn Entertainment Technologies Inc. (“ GameOn ”) has increased the size of its previously announced non-brokered private placement (the “ SR Offering ”) of subscription receipts of GameOn (“ Subscription Receipts ”) from $1.5 million to $3 million due to strong investor demand.

Each Subscription Receipt will be sold at a price of $0.35 and be governed by a subscription receipt agreement to be entered between GameOn and an escrow agent to be appointed by GameOn on or prior to the closing date of the SR Offering (the “ SR Agreement ”).

In accordance with the SR Agreement, each Subscription Receipt shall be automatically converted without any further action on the part of the holder thereof into one unit of GameOn (each, a “ SR Unit ”) upon the satisfaction of certain escrow release conditions (the “ Escrow Release Conditions ”) including the receipt of conditional approval by GameOn with respect to the listing of the common shares of GameOn (“ GameOn Shares ”) on the Canadian Securities Exchange (the “ CSE ”) and the receipt of a final prospectus in the Province of British Columbia in connection with the final prospectus of GameOn.

If the Escrow Release Conditions are not satisfied by May 31, 2021, the proceeds of the SR Offering will be returned to the subscribers.

Each SR Unit will consist of one GameOn Share and one-half of one GameOn Share purchase warrant (each whole warrant, an “ SR Warrant ”). Each SR Warrant will entitle the holder thereof to purchase one additional GameOn Share at a price of CAD$0.52 for a period of 24 months following the completion of a going-public transaction by GameOn.

Tags: $VST, $VSTQF, GameOn, GameOn Entertainment Technologies, Victory Square Technologies Inc, VST
Posted in Victory Square Technologies Inc. | Comments Off on Victory Square Technologies Inc. $VST.ca $VSQTF Portfolio Company GameOn Entertainment Technologies Inc. Announces Upsizing of Its Previously Announced Private Placement for Up to an Aggregate of $3 Million Due to Strong Investor Demand $DBO.ca $NTAR.ca $SEV.ca $YDX.ca

VIDEO – American Creek Spins Out Stinger Resources; Shareholders Own 2 Public Companies as Maiden Treaty Creek Resource Approaches $STNG.ca $TUD.ca $ESK.ca $SEA.ca $STNG.ca

Posted by AGORACOM-JC at 8:10 AM on Tuesday, February 23rd, 2021

American Creek Provides Update on Its First Quarter Filings

American Creek owns 20% of Treaty Creek, a project that is currently waiting on a maiden resource and estimated to be around 30 million ounces. It’s safe to assume if your flagship asset is within the scale of a world class asset such as Treaty Creek, your supporting assets are not being recognized for their value. This is where Stinger (STNG: TSXV) comes in. All non-core AMK assets are now the property of Stinger, including millions in cash and over 1m Tudor Gold shares. American Creek keeps the 20% carried Interest to production at Treaty Creek, and any future discoveries. Oh, and the very first Resource at Treaty Creek

2 Companies. 1 Bull Market. Sit back and have a listen to this great interview with Kelvin Burton as he explains for all shareholders, AMK and soon to be STNG.

Tags: #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces, Stinger
Posted in AGORACOM Via Satellite, American Creek Resources Ltd. | Comments Off on VIDEO – American Creek Spins Out Stinger Resources; Shareholders Own 2 Public Companies as Maiden Treaty Creek Resource Approaches $STNG.ca $TUD.ca $ESK.ca $SEA.ca $STNG.ca

Manitou Gold $MTU Provides Exploration Update on its 100% Owned Goudreau Project $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM at 8:10 AM on Tuesday, February 23rd, 2021

Ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone
Focus of continued drilling is 10km of strike length along the BDZ
BDZ remains largely unexplored with only 4,400 m of historic drilling for gold
A 2nd diamond drill is testing new targets along 4km of the BDZ

Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) today provided an update on its ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone (the “BDZ”). Additionally, the Company has commenced a 300 line kilometer ground geophysical survey covering an additional 10 kilometers of strike length along the BDZ, which will be the focus of continued drilling.

The BDZ is an emerging crustal scale structural corridor that is the extension of the prolific Goudreau-Localsh deformation zone (the “GLDZ”), which hosts the majority of gold deposits in the northeastern Michipicoten greenstone belt. The BDZ is centrally located in the eastern half of the Company’s land package, which covers nearly 350 square kilometers.

Highlights:

The BDZ represents a crustal-scale fault system that is the key target for orogenic gold mineralization and the extension of the Goudreau-Localsh deformation zone, which hosts two multi-million ounce gold deposits.
The GLDZ has been tested with more than 1,000,000 m of diamond drilling for gold, whereas the BDZ remains largely unexplored with only 4,400 m of historic drilling for gold:

○ The cumulative drilling along GLDZ resulted in the discovery of 6 orebodies to date;

○ Recent results with intercepts of up to 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56 demonstrate that the BDZ is a fertile corridor for orogenic gold deposits;

○ The BDZ on Manitou ground covers an equivalent length and area as the GLDZ and provides abundant opportunity for discovery of multiple gold deposits.

The “Main Shear”, which dominates the central corridor of the BDZ and hosts the Stover zone, has been confirmed by drilling to be continuous for over 2 km:

○ Two step-out holes located approximately 600 m west and 1,200 m east along strike of hole MTU-20-49 (39.9 m at 0.5 g/t) display zones of deformation, alteration and mineralization similar to that of the Stover zone (assay results pending);

○ The Stover zone remains open in all directions; additional drilling to test for higher grade shoots is ongoing. The target mineralized zone has been intersected in three recent drill holes, for which assays are pending;

○ A second diamond drill is testing new targets along a 4 km portion of the BDZ.

Tags: #MTU, Alamos Gold (AGI.T), Assay, Discovery, gold, Manitou, Ontario, Osisko, Targets, tsxv
Posted in All Recent Posts, Manitou Gold | Comments Off on Manitou Gold $MTU Provides Exploration Update on its 100% Owned Goudreau Project $AGI.ca $OIII.ca $AR.ca $WDO.ca