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#Palladium hits record highs, is $1,700 next? New Age Metals $NAM.ca Owns North America’s largest primary platinum group #PGM metals deposit $WG.ca $XTM.ca $WM.ca $PDL.ca

Posted by AGORACOM-JC at 12:21 PM on Monday, September 23rd, 2019

SPONSOR:

  • Company hosts North America’s largest primary PGM deposit
  • Updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred

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  • After hitting new all-time highs, palladium might be ready for even more gains, with some analysts pointing to the $1,700 level as a reality
  • Spot palladium reached a new record high of $1,664.34 early on Monday. Palladium’s December futures also hit a new record high, touching $1,642.90 an ounce level
  • At the time of writing, December futures were at $1,631.10, up 0.38% on the day

By: Anna Golubova

(Kitco News) – After hitting new all-time highs, palladium might be ready for even more gains, with some analysts pointing to the $1,700 level as a reality.

Spot palladium reached a new record high of $1,664.34 early on Monday. Palladium’s December futures also hit a new record high, touching $1,642.90 an ounce level. At the time of writing, December futures were at $1,631.10, up 0.38% on the day.

Higher gold prices, rising on rising Middle East tensions and a breakdown in the U.S.-China trade talks, have also been helping palladium, analysts said.

“Palladium’s move higher is very much a correlation to gold. Gold moved up quite nicely on Monday. Also, we had a silver rally as well as platinum. Palladium followed suit. The precious metals moved higher most likely on mentions from Fed officials of potentially more interest rate cuts,” head of global strategy at TD Securities Bart Melek said on Monday.

December Comex gold futures were last at $1,530.80, up 1.04% on the day, December silver was at $18.68, up 4.66% on the day, and October platinum was at $959.70, up 1.17% on the day.

On Monday, markets were digesting the U.S. decision to send more troops to the Gulf region following the drone attacks on Saudi Arabia’s oil facilities on September 14. This came almost immediately after the U.S. imposed sanctions on Iran, including the country’s central bank on Friday.

Other significant precious metals drivers have been U.S. President Donald Trump’s statement on Friday that he is not interested in just a partial deal with China and Chinese officials proceeding to cancel their visit to U.S. farmers.

Healthy demand

Palladium has also been supported by healthy demand, limited supply, higher equities and liquidity concerns, according to UBS strategist Joni Teves.

“The combination of healthy demand, constrained supply, and challenging liquidity conditions is likely driving prices higher here. Our understanding is that there were some additional supplies earlier in the year mainly from release in pipeline stocks, which likely drove the easing in forwards in H1. But still-healthy demand implies that those stocks should have been well absorbed,” Teves wrote on Monday.

The new high surged past palladium’s significant resistance barrier of $1,620, which means more upside, including $1,700 is possible, said Commerzbank AG commodity analyst Carsten Fritsch.

“It already exceeded the zone of massive resistance at 1,600/1,620 on Friday, opening up scope for a further rise to $1,700. There has been no evidence of late of any significant investor interest in palladium. Net long positions have climbed only marginally, while ETF holdings have remained at a low level,” Fritsch wrote.

Downside risks

Some downside risks remain for palladium this year, including the unresolved U.S.-China trade war.

“A breakdown of U.S.-China trade talks, deterioration in economic data and a pullback in equities from the highs, therefore, presents downside risks for palladium over the remainder of the year. The rally to all-time-high palladium prices might attract some short positions in the near term, especially considering how low gross shorts are at the moment – only 25% of the record,” Teves explained.

BofA Merrill Lynch also sees a high probability of a cool down in the rally based on subsiding “fear in physical markets.”

“Assets under management at ETFs have now stabilized, suggesting that the immediate need and willingness of market participants to tap these vehicles has been limited. While fundamentals remain solid … all this suggests that the rally especially of palladium may pause here,” BofA Merrill Lynch wrote in a note in September.

Source: https://www.kitco.com/news/2019-09-23/Palladium-hits-record-highs-is-1-700-next.html

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Posted in New Age Metals | Comments Off on #Palladium hits record highs, is $1,700 next? New Age Metals $NAM.ca Owns North America’s largest primary platinum group #PGM metals deposit $WG.ca $XTM.ca $WM.ca $PDL.ca

North Bud Farms $NBUD.ca – Global #Cannabis Infused Drinks Market Anticipated to Accelerate At 438% CAGR at the end of 2029 $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 11:31 AM on Monday, September 23rd, 2019

SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

NBUD: CSE

Global Cannabis Infused Drinks Market Anticipated to Accelerate At 438% CAGR at the end of 2029

  • Global sales of cannabis infused drinks will surpass US$ 200 Mn in 2019, propelled by growing efficiencies in the delivery methods of drinkables, along with increasing discretion and social acceptance of the consumption method, in contrast to smoking cannabis.
  • Cannabis infused beer continues to account for leading shares of the market, approximately 80%, which can be attributed to the strong perception of leading beer brewers that intersection between cannabis-infused functional beverages and beer makes a good business sense.

Global sales of cannabis infused drinks will surpass US$ 200 Mn in 2019, propelled by growing efficiencies in the delivery methods of drinkables, along with increasing discretion and social acceptance of the consumption method, in contrast to smoking cannabis. Broader legalization of marijuana has led big alcohol producers to pivot to pot in the recent past. Cannabis infused beer continues to account for leading shares of the market, approximately 80%, which can be attributed to the strong perception of leading beer brewers that intersection between cannabis-infused functional beverages and beer makes a good business sense. The US will remain the leading market for cannabis infused drinks, as leading manufacturers focus on creating safer ways of ingesting cannabis for consumers, while the start-ups continue to scramble for capitalizing on demand through new range of cannabis-infused beverages. Canada is expected to be the high-growth market for cannabis infused drinks, with gains primarily driven by the recent federal legalization of marijuana.

What are the Key Growth Drivers of Cannabis Infused Drinks Market?

  • Manufacturers of cannabis infused drinks are putting more efforts for creating proper emulsification of THC, in a bid to achieve proper suspension within liquids and quicker uptake time – under 30 minutes. This falls in line with the consumer demand for faster feedback on their dosage, which in turn will favor sales of cannabis infused drinks. Leading beverage companies have taken notice of the ravenous appetite of consumers that exists inside the cannabis culture, thereby transitioning into cannabis infused drinks industry.
  • As recreational marijuana legalization continues to become a reality across more U.S. states, individuals have started showing more interest in cannabis-infused drinks. Established beverage companies as well as entrepreneurs are taking a close peek into formulas and methods for infusing CBD or THC or both into beverages.
  • Cannabis infused non-alcoholic beer is an emerging trend which is expected to gain significant traction, as companies focus on appealing the health-conscious pool of consumers. For instance, Grain wave is a THC-infused non-alcoholic beer that hit the dispensary shelves in December 2018.
  • The novelty of being able to drink THC-infused beverages has gained marked preference in the current adult-use recreational marijuana industry, especially for beverages that mimic beer or wine. While this trend gains pace, manufacturers are exploring the in-demand flavors to reinforce their product sales.

Cannabis Infused Drinks Market- Competitive Landscape

The competitive landscape of the cannabis infused drinks market continues to face the turmoil of regulations on the sales and consumption of cannabis. Cannabis infused drinks market in Canada is expected to grow at an impressive pace, in line with the existing favorable federal regulations that back the sales of cannabis in the region. Alcohol industry giants are buying into the ‘potent potable pot’ concept, however key issues prevail, such as the maze of laws that deal with beer and pot. Following the legalization of marijuana in Canada, beverage companies have increased the production of cannabis infused drinks in different flavors to tap growing demand from enthusiasts.

Source: https://webchronicletoday.com/2019/09/23/global-cannabis-infused-drinks-market-anticipated-to-accelerate-at-438-cagr-at-the-end-of-2029/

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Nickel climbs as stainless steel producers prepare for Indonesia ban – #Tartisan hosts an M&I Resource of 7.14 million tonnes of 0.62% #Nickel $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 10:07 AM on Monday, September 23rd, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Nickel climbs as stainless steel producers prepare for Indonesia ban – Tartisan hosts an M&I Resource of 7.14 million tonnes of 0.62% nickel

  • Top supplier Indonesia’s plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines, the world’s second-biggest ore producer, could suspend five mining companies at the end of this year.

LONDON — Nickel prices climbed last week as stainless steel producers bought supplies ahead of a Chinese holiday and an Indonesian nickel ore export ban that could create shortages.

Top supplier Indonesia’s plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines, the world’s second-biggest ore producer, could suspend five mining companies at the end of this year.

“There have been some anecdotes of stainless mills restocking nickel and that has been positive,” said analyst Nicholas Snowdon at Deutsche Bank in London.

Nickel is mostly used as an alloy in the production of stainless steel. It is also the most important metal mined in Sudbury.

“Across most sectors, in the week before the Golden Week holiday, you’ll invariably see a bit of raw material restocking, so we have elements of that in nickel alongside the broader potential restocking as we head into the (Indonesia) ban application.”

China celebrates its National Day Golden Week holiday in early October.

Benchmark nickel on the London Metal Exchange gained 2.6 per cent to $17,725 a tonne (or just over $US 8 a pound) in official open-outcry trading, on track for its biggest one-day gain in three weeks.

  • CHINA RATE CUT: Base metals also gained support from China cutting its one-year benchmark lending rate for the second month in a row on Friday.
  • NICKEL INVENTORIES: Nickel stocks in warehouses monitored by the Shanghai Futures Exchange slid 13.6 per cent, weekly data showed on Friday.
  • NICKEL SPREAD: The premium of LME cash nickel over the three-month contract climbed to $150 a tonne, near the recent decade high of $163, indicating near-term tightness.
  • MARKET DEFICIT: The global nickel market deficit widened to 6,700 tonnes in July from a revised 2,700 tonnes in the previous month, the International Nickel Study Group (INSG) said on Thursday.
  • ALUMINIUM OUTPUT: LME aluminum, untraded in official rings, was bid down 0.6 per cent at $1,790 a tonne after data showed that global primary aluminum output rose to 5.407 million tonnes in August from a revised 5.404 million tonnes in July.
  • COPPER DEMAND: Fitch Solutions cut its average price forecast for copper to $5,900 a tonne this year and $5,700 in 2020, from previous views of $6,300 a tonne and $6,600 a tonne respectively.

“A drop in Chinese demand has loosened the global (copper) market, while sentiment continues to worsen,” Fitch said in a note.

LME copper was bid up 0.3 per cent at $5,804 a tonne but remained on course for a 2.6 per cent drop over the week, which would mark its steepest weekly fall since the week ended Aug. 2.

  • PRICES: LME three-month zinc was bid down 0.2 per cent in official activity at $2,308 a tonne, lead gained 0.9 per cent to trade at $2,114 and tin slipped 0.3 per cent to trade at $16,400.

Source: https://www.fortmcmurraytoday.com/news/local-news/nickel-climbs-as-stainless-steel-producers-prepare-for-indonesia-ban/wcm/ca4cdbe5-1060-4b65-bfd0-992c54d3cfce

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The #solar industry has grown exponentially thanks to plain old solar panels SPONSOR: $HPQ.ca Silicon $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 9:09 AM on Monday, September 23rd, 2019

SPONSOR: HPQ-Silicon Resources HPQ: TSX-V aiming to become the lowest cost producer of Silicon Metal and a vertically integrated and diversified High Purity, Solar Grade Silicon Metal producer. Click here for more info.

HPQ: TSX-V
  • The industry has been growing exponentially thanks to plain old solar panels.
  • In the U.S., of all new power capacity added to the grid in 2018, about 30% was from solar.

Elon Musk may have promised the world Tesla solar roof tiles in 2016, but turns out the solar industry may not need the upgrade.

The industry has been growing exponentially thanks to plain old solar panels. You can see the evidence both on people’s rooftops and in the desert, where utility-scale solar plants are increasingly popping up. Here in the U.S., of all new power capacity added to the grid in 2018, about 30% was from solar.

But the picture is not all rosy. Solar power is intermittent. The sun isn’t always shining, and the price of storage solutions like lithium ion batteries is still relatively high.

These are real problems that the industry needs to tackle if solar is going to reach its potential. However, if the recent past is any indication, solar power is going to help lead the transition to a carbon-free future, and it might do it faster than we all expected. Watch the video to learn more.

WATCH VIDEO HERE

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Posted in HPQ-Silicon Resources Inc. | Comments Off on The #solar industry has grown exponentially thanks to plain old solar panels SPONSOR: $HPQ.ca Silicon $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

American Creek $AMK.ca Reports That 150m Step-out Intercepted the Largest Gold Interval Drilled to Date at Treaty Creek Project – 1081.5m Averaging 0.589 g/t $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM at 8:37 AM on Monday, September 23rd, 2019
  • 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m
  • The hole was stopped in mineralization due to the drill rig reaching its depth limitation
  • 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast.

Cardston, Alberta–(Newsfile Corp. – September 23, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to announce results from JV partner Tudor Gold’s ongoing drill program being conducted at the Treaty Creek Project located in the Golden Triangle of NW British Columbia. Tudor today announced results from two deep vertical diamond drill holes (drilled to a depth of over 1,000m) and four definition drill holes. All six holes intercepted significant gold mineralization over wide intervals at the Goldstorm Zone.

Goldstorm Extension

Hole GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July 30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically to a total depth of 1,199m, ending in mineralization. The hole contains strong stockwork with gold-bearing mineralization accompanied by significant base-metal disseminated sulphide mineralization averaging 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m. The hole was stopped in mineralization due to the drill rig reaching its depth limitation, however, casing was left in the hole for possible continuation next year.

This 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast. With this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m this year from the best hole drilled in 2018 (CB18-39, averaging 0.981 g/t Au over 563.8m) and has now been traced along strike for over 800 meters.

Goldstorm Definition Drilling

Asecond deep vertical hole, GS19-48, was drilled to a total depth of 1035m from the same pad as CB18-39 (drilled in 2018). The results exhibit excellent continuity of mineralization between holes and this drill hole returned 0.725 g/t Au over 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.

Four footwall definition holes (GS19-43 to GS19-46) drilled on section 109+00 NE, were successful in extending the width of the mineralized zone, to the southeast into the footwall of the controlling fault structure.

  • Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
  • Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
  • Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
  • Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.

Tudor Gold Exploration Manager, Ken Konkin explains: “Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system. Hole GS19-47 showed a very strong quartz stockwork system and was still in gold values at the end of the 1,199 meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters. This is the first time we’ve seen this strength of gold mineralization at depth. Furthermore, a strong copper association was encountered with gold values at depth in both GS19-47 and GS19-48.

A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.

Not only does the Goldstorm Zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the metal system.”

The following table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm Zone.

Table I: Gold Composites for GS19-48 to GS19-43

SECTIONHOLE IDFROM (M)TO (M)Interval (M)GOLD (g/t)
114+00NEGS19-47117.511991081.50.589
including200501.5301.50.828
and98611932070.93
111+00 NEGS19-4897.5936838.50.725
including97.5426328.51.048
109+00 NEGS19-4368561.5493.50.566
including141.5561.54200.605
including141.519755.51.005
GS19-441013682670.807
including1252751501.065
GS19-4544369.5325.50.719
including622782160.901
including1052781731.000
GS19-4634.5628.55940.51
including175.5337.51620.734
including564600361.328

* All assay values are uncut and intervals reflect drilled intercept lengths.

* True widths of the mineralization have not been determined

Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE

Section 114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47 hosts what is now the longest and deepest gold intercept on the project to date.

Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.

Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.

Goldstorm Zone Plan Map

The Goldstorm Zone now extends more than 800 meters in strike length and remains open along strike to the Northeast and Southwest as well as to depth.

Goldstorm zone drill sections and the plan map are included at the bottom of the news release.

The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.

Walter Storm, Tudor Gold President and CEO, stated: “I am very pleased to see that all nine holes drilled have reported very good results and we have not missed on any step-out targets nor any footwall extension holes, they were all hits. These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system. I am looking forward to continuing our exploration efforts in order to unlock the full potential of this large gold system.”

Darren Blaney, American Creek CEO, stated: “The anticipation of waiting for this 150 meter step-out hole has now been rewarded with the largest gold interval drilled to date at the project. Further, all five other holes have also hit significant gold over wide intervals. Seeing the strong copper zones now showing up in drill holes has added yet further potential to the possible extent of the deposit. Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth. The drilling continues to show strong correlation with the geophysics which indicates that the gold mineralization potentially continues for considerable depth below the bottom of the deepest drill holes.

I can’t state strongly enough how pleased I am with what Walter, Ken and the Tudor team have accomplished with the Treaty Creek exploration program!”

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are two drills working on the Goldstorm zone at present.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both 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 both American Creek and Teuton have “free rides”.

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

A drill program is also ongoing on American Creek’s 100% owned Dunwell Mine property located near Stewart. More information can be found here: https://americancreek.com/index.php/projects/dunwell-mine

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor9.jpg



Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor10.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor5.jpg



Figure 2: Goldstorm Zone Section 114

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor6.jpg

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Figure 3: Goldstorm Zone Section 111

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor4.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/682/48020_tudor1.jpg



Figure 4: Goldstorm Zone Section 109

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor2.jpg

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Figure 5: Goldstorm Zone Plan View

To view an enhanced version of Figure 5 please visit:
https://orders.newsfilecorp.com/files/682/48020_tudor8.jpg

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.

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STAR $SNA.ca and ANTAZ team to Respond to Indian Government Military procurement requirements

Posted by AGORACOM-JC at 8:20 AM on Monday, September 23rd, 2019
  • Entered into a partnership and industrial agreement with ANTAZ Technologies Pvt. Ltd,
  • ANTAZ, a well-established Indian company with facilities in Hyderabad, Bangalore and Delhi, India,
  • Antaz will adapt, integrate and market STAR products to the Indian Defence Forces (Air Force and Navy) in collaboration with Hindustan Aeronautics Limited

TORONTO, Sept. 23, 2019  — Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star” or the “Company”) announces that the Company has entered into a partnership and industrial agreement with ANTAZ Technologies Pvt. Ltd, (“Antaz”). A well-established Indian company with facilities in Hyderabad, Bangalore and Delhi, India, Antaz will adapt, integrate and market STAR products to the Indian Defence Forces (Air Force and Navy) in collaboration with Hindustan Aeronautics Limited (“HAL”) (hal-india.co.in).

STAR is already listed as a registered supplier to HAL for military equipment. Recently, a STAR team met with senior officers from both the Indian Air Force and Navy, as well as with HAL top management. The team successfully demonstrated the benefits and features of STAR-A.D.S.® for both fixed wing and rotary aircraft. Of particular interest was the ability of Star’s technology to provide real-time tracking and positioning of aircraft as well as engine status reports.

To complete the approach, STAR, through the Antaz presence and already established military business, will comply with the MAKE IN INDIA requirements of the Indian Government.

In cooperation with HAL and Antaz, a customised and proprietary solution based on STAR’s patented STAR-ISMS ® technology is under final development in order to satisfy the specific defence requirements of the Indian Military.

The solution will address the needs of the transport fleets of both the Navy and of the Air Force, with a first application targeting small transport aircraft and helicopters.

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® and of the STAR-ISAMM™ Systems. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Stars’ M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from C-130 aircraft to Sikorsky and Agusta Westland helicopters, as examples.

Stars’ subsidiary, Star-Isoneo Inc. is a specialised software firm, developing complex solutions in engineering, simulation and development for Canadian customers. Star-Isoneo works closely with Star in the development of the Company’s MEDEVAC (STAR-ISAMM™ and STAR-LSAMM™) applications of the patented STAR-A.D.S. ® technology, and on its current R&D program with Bombardier.

About HAL

Hindustan Aeronautics Limited is an Indian state-owned aerospace and defence company headquartered in Bangalore, India. It is governed under the management of the Indian Ministry of Defence.

The government-owned corporation is primarily involved in aerospace operations and is currently involved in the design, fabrication and assembly of aircraft, jet engines, helicopters and their spare parts. It has several facilities spread across India including Nasik, Korwa, Kanpur, Koraput, Lucknow, Bangalore, Hyderabad and Kasaragod.

About ANTAZ

ANTAZ Technologies Pvt Ltd. is an experienced company in the field of developing, producing and fielding critical electronic and communications equipment to meet the needs of the Indian Defense.  ANTAZ successfully conducted projects in the fields of Special consoles and Man Machine interfaces for the Navy, optronics and radars for the Army and the Navy, and with other local partners for high-end communications and electronics for military applications.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management, are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or contact

Viraf S. Kapadia, CEO (416) 252-2889 Ext. 230

[email protected]

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#Palladium price peaks at new record high, bodes well for New Age Metals $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN

Posted by AGORACOM-JC at 5:39 PM on Friday, September 20th, 2019

SPONSOR:

  • The company hosts North America’s largest primary PGM deposit
  • Updated NI 43-101 Mineral Resource Estimate of 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred

Read More

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Palladium price peaks at new record high, rhodium roaring

  • Palladium hit a fresh all-time high on Friday on persistent worries about supply from South Africa and prospects of a pickup in demand in China.
  • Nymex Palladium futures gained 1.5% to $1,636.60 an ounce in New York in morning trading before easing back. Palladium’s gains for the year now top 40% or $477 per ounce.

By: Frik Els

Palladium hit a fresh all-time high on Friday on persistent worries about supply from South Africa and prospects of a pickup in demand in China.

Nymex Palladium futures gained 1.5% to $1,636.60 an ounce in New York in morning trading before easing back. Palladium’s gains for the year now top 40% or $477 per ounce.

The threat of labour unrest in South Africa, which together with Russia are responsible for more than 80% of global platinum group metal output, loomed large again on Friday after the militant union Amcu re-elected its firebrand leader.

Amcu rose to prominence in 2012 when clashes between police and striking workers at the Marikana mine in the African nation’s prolific platinum belt left 34 dead.

Any signs of stimulus from the Chinese auto market could lead to additional upside price potential. BMO Capital Markets

More than three-quarters of palladium ends up in catalytic converters for gasoline engines and the rise in the precious metal comes despite a severe slowdown in vehicle sales around the world.

Top consumer China has seen sales drop for 14 out of the last 15 months, and in August 9.9% fewer cars and truck rolled off lots compared to last year. Annual sales in the world’s no 2 market – the US – are also expected to come in below 2018’s total.

What has lifted palladium is greater average loadings per vehicle as more stringent emissions standards are implemented in China and Europe. BMO Capital Markets in a recent note said “any signs of stimulus from the Chinese auto market could lead to additional upside price potential.”

Robust rhodium

Sister metal rhodium is also on a roll, more than doubling in price so far this year. Rhodium, also used mainly in autocatalysts, exchanged hands at $5,400 an ounce on Friday in New York, the highest in 11 years.

Due to rarity, the small size of the market and concentrated supply, prices are typically volatile.

Rhodium (and sister metal ruthenium) stand out when it comes to price swings – rhodium touched $10,025 an ounce just before the 2008 financial crisis hit, but would drop 90% before the end of that tumultuous year.

Platinum was trading flat on Friday at $945.10 after briefly scaling $1,000 an ounce two weeks ago. Given the historically weak price, some investors are using the opportunity to stock up on the metal.

ETF holdings of platinum have expanded rapidly this year, reaching 3.3m ounces last week, up 38% or 916,000 ounces in 2019.

In contrast, palladium ETF vaults have been emptying as investors lock in some of the gains. Palladium-backed ETF holdings total 655,000 ounces, down 120,000 ounces year to date.

Source: https://www.mining.com/palladium-price-peaks-at-new-record-high-rhodium-roaring/

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VOLUME ALERT: $HPQ.ca Silicon Resources Closes With Highest Volume On TSX Venture Exchange – 3.3M Shares Traded $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 4:40 PM on Friday, September 20th, 2019

VOLUME ALERT!!!

LAST: $0.09     Volume: 3.3M Shares

Hub On AGORACOM

ABOUT THE COMPANY

  • Developing, in collaboration with industry leader PyroGenesis (TSX-V: PYR) the innovative PUREVAPTM “Quartz Reduction Reactors”, will permit the transformation and purification of quartz (SiO2) into Metallurgical Grade Silicon (Mg-Si) at prices that will propagate its significant renewable energy potential.
  • Also working with industry leader Apollon Solar to develop a metallurgical pathway of producing Solar Grade Silicon Metal (SoG Si) that will take full advantage of the PUREVAPTM QRR one-step production of high purity silicon (Si) and significantly reduce the Capex and Opex associated with the transformation of quartz (SiO2) into SoG-Si.
  • Focused on becoming the lowest cost producer of Silicon (Si), High Purity Silicon (Si) and Solar Grade Silicon Metal (SoG-Si). The pilot plant equipment that will validate the commercial potential of the process is on schedule to start in 2019.

Check Out Our Recent Interview

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Nickel climbs as stainless steel producers prepare for Indonesia ban – SPONSOR: Tartisan #Nickel $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 3:36 PM on Friday, September 20th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Nickel climbs as stainless steel producers prepare for Indonesia ban

  • Nickel prices climbed on Friday as stainless steel producers bought supplies ahead of a Chinese holiday and an Indonesian nickel ore export ban that could create shortages.
  • Top supplier Indonesia’s plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines, the world’s second-biggest ore producer, could suspend five mining companies at the end of this year.

By: Eric Onstad

LONDON — Nickel prices climbed on Friday as stainless steel producers bought supplies ahead of a Chinese holiday and an Indonesian nickel ore export ban that could create shortages.

Top supplier Indonesia’s plan to ban exports of nickel ore has been brought forward by two years to Jan. 1, 2020, and the Philippines, the world’s second-biggest ore producer, could suspend five mining companies at the end of this year.

“There have been some anecdotes of stainless mills restocking nickel and that has been positive,” said analyst Nicholas Snowdon at Deutsche Bank in London.

Nickel is mostly used as an alloy in the production of stainless steel.

“Across most sectors, in the week before the Golden Week holiday, you’ll invariably see a bit of raw material restocking, so we have elements of that in nickel alongside the broader potential restocking as we head into the (Indonesia) ban application.”

China celebrates its National Day Golden Week holiday in early October.

Benchmark nickel on the London Metal Exchange gained 2.6% to $17,725 a tonne in official open-outcry trading, on track for its biggest one-day gain in three weeks.

* CHINA RATE CUT: Base metals also gained support from China cutting its one-year benchmark lending rate for the second month in a row on Friday.

* NICKEL INVENTORIES: Nickel stocks in warehouses monitored by the Shanghai Futures Exchange slid 13.6%, weekly data showed on Friday.

* NICKEL SPREAD: The premium of LME cash nickel over the three-month contract climbed to $150 a tonne, near the recent decade high of $163, indicating near-term tightness.

* MARKET DEFICIT: The global nickel market deficit widened to 6,700 tonnes in July from a revised 2,700 tonnes in the previous month, the International Nickel Study Group (INSG) said on Thursday.

* ALUMINIUM OUTPUT: LME aluminum, untraded in official rings, was bid down 0.6% at $1,790 a tonne after data showed that global primary aluminum output rose to 5.407 million tonnes in August from a revised 5.404 million tonnes in July.

* COPPER DEMAND: Fitch Solutions cut its average price forecast for copper to $5,900 a tonne this year and $5,700 in 2020, from previous views of $6,300 a tonne and $6,600 a tonne respectively.

“A drop in Chinese demand has loosened the global (copper) market, while sentiment continues to worsen,” Fitch said in a note.

LME copper was bid up 0.3% at $5,804 a tonne but remained on course for a 2.6% drop over the week, which would mark its steepest weekly fall since the week ended Aug. 2.

* PRICES: LME three-month zinc was bid down 0.2% in official activity at $2,308 a tonne, lead gained 0.9% to trade at $2,114 and tin slipped 0.3% to trade at $16,400.

* For the top stories in metals and other news, click or (Additional reporting by Tom Daly in Beijing; editing by David Goodman and Jason Neely)

Source: https://business.financialpost.com/pmn/business-pmn/nickel-climbs-as-stainless-steel-producers-prepare-for-indonesia-ban

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Affinity Metals $AFF.ca Commences Drill Program at Regal Project $SII.ca $GTT.ca $TUD.ca $AMK.ca

Posted by AGORACOM at 2:17 PM on Friday, September 20th, 2019

September 20, 2019) - Affinity Metals Corp. (TSXV: AFF) (“Affinity Metals”) (“the Corporation”) is pleased to report that it has commenced exploration on the Regal Project located approximately 35 km northeast of Revelstoke, British Columbia, Canada. The program will include geological mapping, sampling, and up to 2,000 meters of diamond drilling testing several targets identified in preliminary work. The total amount of drilling in this phase of the program will depend on weather and on evaluating target potential and results as the program progresses. Drilling will begin in the ALLCO area of the property.

The extensive Regal property package spans 6,700 hectares in the northern end of the prolific Kootenay Arc and hosts several past producing small-scale historic mines. From the historic records it appears that most, and perhaps all, of the known mineralized showings/zones have not been previously drilled using modern diamond drilling methods.

Preliminary work conducted in the fall of 2018 included collecting a total of 20 grab and chip samples from several different areas on the property including around the old Regal Silver workings, in the Clabon Creek drainage and at a promising showing along a logging road cut several km to the west of the Regal historic workings. The samples returned values as high as 1,890 g/t silver with >20% lead, and 7.63% zinc. A one-meter chip sample from a 4 meter wide galena vein immediately outside the Regal Silver #5 adit yielded 1,040 g/t silver as well as greater than 20% lead and 3,580 g/t (0.358%) zinc. Results for all 20 samples are reported below:

Significantly, as a result of a recent, severe freshet event that totally scoured the upper Clabon Creek drainage, a series of numerous large mineralized boulders were exposed. Planned field work will include examination of the mineralization and host rock which will be invaluable in identifying the source of this mineable grade material (photo below). This float material is present in the creek drainage over a distance of approximately 3km indicating the strong potential for discovering new mineralized zones upstream and in the immediate area.



Figure 1
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5458/47980_3c8e5913b4ef988a_001full.jpg

Robert Edwards, CEO stated: “We are very excited to finally be able to begin exploration on the Regal Property in a meaningful way. It has taken considerable time and effort to assemble the vast amounts of historic geological data that has been accumulated on this project. Combining that data with our prospecting time spent on the ground to begin to test the many targets that have been identified should lead to some positive results for this drill program.”

Property History & Background

The property hosts numerous mineral occurrences including the following past-producing mines:

Snowflake and Regal Silver (Stannex/Woolsey) Mines

The Snowflake and Regal Silver mines were two former producing mines that operated intermittently during the period 1936-1953. The last significant work on the property took place from 1967-1970, when Stannex Minerals completed 2,450 meters of underground development work and a feasibility study, but did not restart mining operations. In 1982, reported reserves were 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten (Minfile No. 082N 004 – Prospectus, Gunsteel Resources Inc., April 29, 1986). It should be noted that the above resource and grades, although believed to be reliable, were prepared prior to the adoption of NI43-101 and are not compliant with current standards set out therein for calculating mineral resources or reserves. Samples ALLC18-1 to ALLC18-14 inclusive and ALLC18-20 were taken on and in the vicinity of The Regal/Snowflake historical mine workings during the 2018 preliminary exploration program.

ALLCO Silver Mine

The Allco Silver Mine is situated 6.35 Kilometers northwesterly (azimuth 300o) from the above described Snowflake/Regal Mine(s) but still part of the Affinity claim group.

The Allco Silver Mine operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%).

Black Jacket Showing.

The Black Jacket showing was discovered by routine prospecting during 2008. Samples taken on the showing are numbered ALLC18-15 to ALLC18-19 inclusive. This is a raw prospect in that no technical work excluding sampling has been conducted on this showing. The showing is situated 10.3 kilometers westerly (azimuth 281o) from the historical Snowflake/Regal Mine.

Airborne Geophysics to Guide Future Exploration

An extensive airborne geophysics survey conducted by Geotech Ltd of Aurora, Ontario, for Northaven Resources Corp. in 2011, identified four well defined high potential linear targets correlating with the same structural orientation as the Allco, Snowflake and Regal Silver mines. Northaven also reported that the mineralogy and structural orientation of the Allco, Snowflake and Regal Silver appeared to be similar to that of Huakan International Mining Inc’s J&L gold project located to the north, and on a similar geophysical trend line. The J&L is reporting a NI43-101 compliant resource of 9.9M tonnes containing 2.4M troz gold equivalent (combined measured, indicated and inferred) and is reportedly now one of western Canada’s largest undeveloped gold deposits. Northaven failed in financing their company and conducting further exploration on the property and subsequently forfeited the claims without any of the follow up work being completed. Affinity Metals is in the fortunate position of benefitting from this significant and promising geophysics data and associated targets.

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

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

Qualified Person

The qualified person for the Regal Project for the purposes of National Instrument 43-101 is Frank O’Grady, P.Eng. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Affinity Metals

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

The Corporation’s flagship project and present focus is the Regal.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected]

Information relating to the Corporation is available at: www.affinity-metals.com

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