TechCrunch Disrupt SF 2017 we sat down with three experts from the esports world to explain why you should start paying attention to the industry.
Heather Garozzo, a former competitive Counter Strike player and current Director of Fan Marketing for Team Dignitas, told us what a day in the life of a professional esports player is like.
And surprisingly, it’s not all that different from a traditional athlete.
Besides spending upwards of five hours a day practicing, players also work with coachs and study gameplay film, receive media and press training, and even attend mandatory workout sessions to make sure they keep in shape. Most professional teams also employ private chefs to make sure players are eating healthy meals.
The conversation then shifted to the difference between professional sports and esports, and why the sports industry is so focused on getting into the sports business. Stratton Sclavos, a partner at Vision Venture Partners and the former CEO of the San Jose Sharks, explained how traditional sports teams can help esports teams scale and benefit from the lessons that professional sports teams have learned in the past.
And Craig Barry, EVP and Chief Content Officer for Turner Sports, explained the differences between esports broadcasting and traditional sports broadcasting, and how advertisers are getting creative when it comes to targeting esports fans.
Watch the video above to see the full talk and hear more about the world of esports.
Posted by AGORACOM-JC
at 11:26 AM on Wednesday, September 20th, 2017
Could the day come where more people watch the video-game avatars of average folks than superstar NBA athletes?
Don’t laugh. The growth of esports — defined as “a multiplayer video game played competitively for spectators, typically by professional gamers†— has been nothing short of staggering.
Millions of people love to watch these top-notch players show their stuff. Sometimes, they even fill up arenas, and it’s only getting bigger and bigger every year.
The NBA joined forces with Take-Two Interactive, publisher of the NBA 2K video game series, to create a new league that will begin play in 2018, with 17 NBA franchises, including the Toronto Raptors, taking part in the inaugural season.
“It all started last February, when (NBA commissioner Adam Silver) and Strauss Zelnick (CEO of Take-Two) announced we were going to be doing the league, but even before that, we had been exploring the esports space, trying to figure out where we could fit into it,†Brendan Donohue said Monday.
Donohue, the managing director of the NBA 2K esports league, was in town to shed some light on the venture, since many of a certain age don’t have much of a clue of what it is all about, or why esports is so popular.
“It’s 5-on-5. Oftentimes, people are used to seeing video games being played 1-on-1,†Donohue said. “This actually is going to be five human beings playing five other human beings, controlling every player on the virtual court. So there will be no artificial intelligence whatsoever.
“The good thing is, several of our owners previously had and still own other teams and other titles … So we’ve had our owners that have been passionate about esports in general, so it just made logical sense for us to make the next step. The NBA has been running a league for two-quarters of a century, and then you have 2K, which is the most popular sports game amongst the major leagues. It just seemed logical for us to take a run at this.â€
In this Sept. 3 file photo, fans watch a League of Legends esports competition at the AccorHotels Arena in Paris. Christophe Simon / AFP / Getty Images
There is already a waiting list for Year 2, as other NBA teams look to join the party.
And why not? Last month, Palisade Research released an esports primer which read in part: “The Esports sector is forecasted to generate $1.13 billion (U.S.) in 2017, with 258 million viewers. By 2021, revenue is expected to grow to $2.70 billion, and to 438 million viewers. Some analysts peg revenues to reach as high as $3.31 billion, which would almost match the revenues of the established National Hockey League ($3.7 billion), and on the heels of the National Basketball Association ($4.8 billion).â€
Donohue said he has heard those projections, but right now, the focus is on “just wanting to be the best possible.â€
He is well aware of how the financial world feels about esports, though.
“For example, you look at something like Twitch, which has 10 million daily viewers,†Donohue said. “Goldman Sachs has looked at it and I’ve seen their reports — they predict it will be 20 million (daily viewers) by 2020. Everyone who is looking at this is predicting both viewership and revenues to continue to explode in the near future.â€
Donohue knew Maple Leaf Sports and Entertainment wouldn’t sit on the sidelines.
“I’ve known the folks at MLSE for a long period of time,†he said. “They are extremely innovative, they are very digitally savvy, they are a great organization and I know they are passionate about this space, so I assumed they were going to be in.â€
Could the NHL follow in the NBA’s footsteps in getting into esports in a major way?
It could happen down the line considering the massive financial potential. Washington Capitals and Wizards owner Ted Leonsis is already heavily involved, and MLSE, Madison Square Garden (New York Knicks and Rangers) and Joshua Harris (Philadelphia 76ers and New Jersey Devils), three of the 17 initial NBA participants, also own NHL franchises.
In this March 1 file photo, Toronto Raptors forward Serge Ibaka (centre) drives to the hoop against the Washington Wizards. Chris Young / CP
MLSE declined to comment on Monday about a potential Maple Leafs esports franchise.
At a business summit back in March, NHL commissioner Gary Bettman said, “We envision something that would augment a fan’s affinity to his team … because, ultimately, I could envision a league-wide competition where each club runs a competition to see who will be represented in the equivalent of our championship, but for our esport game.â€
At the time, Bettman said the NHL had been discussing the idea for over a year, “and if (NHL video game maker Electronic Arts) can continue to get some traction in developing a game that would work like that, we’ll be in that business.â€
Which would be no surprise at all to Donohue.
“I would expect other leagues to follow our lead and to get involved in this. I would expect that to happen. I think it’s great for esports,†he said.
“Other (professional league) games being successful just continues to grow the broader universe.â€
ONLY THE BEST
The players for the new NBA 2K esports league will come from all over.
“Our goal, to make this the best league possible, is to find the best 85 players on the planet. They can be anywhere in the world, they can be male, they can be female — we just want the best 85 players,†league managing director Brendan Donohue told Postmedia on Monday.
Players will be paid by their respective teams. Tryouts will start around Feb. 1, 2018, with a draft to follow in mid-March. The season will run from May 1 and go for 15 weeks, before concluding with two weeks of playoffs ending the third week of August.
When most people think esports, if they know anything about the phenomenon in the first place, they picture teenagers and people in their early 20s playing video games. Donohue said NBA 2K players don’t really fit that description.
“We actually don’t skew that young. So, 58 per cent of our player are actually over 25, so we skew a little older,†he said. “I think there are some myths about our players in general. They’re actually more likely to be educated, more likely to have a higher income. There are some myths out there about esports.â€
For the first season, the 17 teams will play “in a central studio, or maybe two, somewhere in North America,†Donohue said.
Games won’t be played in sold-out arenas just yet, but that could happen down the line.
“We’re excited to be in Toronto (long-term),†Donohue said. “When they’ve had esports events (at the Air Canada Centre) before they’ve been very successful. We see this as a great market.â€
Posted by AGORACOM-JC
at 9:49 AM on Wednesday, September 20th, 2017
Signed a Product Acquisition Agreement with Aphria Inc. (TSX:APH) (OTCQB:APHQF), to supply medical cannabis through Namaste’s Cannmart facility in Ontario, Canada
Agreement represents further progress for Namaste in securing supply agreements with high quality producers of medical cannabis
VANCOUVER, British Columbia, Sept. 20, 2017 — Namaste Technologies Inc. (“Namaste†or the “Companyâ€) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has signed a Product Acquisition Agreement (the “Agreementâ€) with Aphria Inc. (“Aphriaâ€) (TSX:APH) (OTCQB:APHQF), to supply medical cannabis through Namaste’s Cannmart facility in Ontario, Canada.
The Agreement represents further progress for Namaste in securing supply agreements with high quality producers of medical cannabis. Namaste intends to build on its current product offerings through its distribution license, by creating an online marketplace that is inclusive of medical cannabis for our Canadian customers. Namaste is pleased to have brought on Aphria, one of Canada’s leading licensed producers focused on production of pharmaceutical grade medical cannabis products.
About Aphria Inc.
Aphria Inc., one of Canada’s lowest cost producers, produces, supplies and sells medical cannabis. Located in Leamington, Ontario, the greenhouse capital of Canada, Aphria is truly powered by sunlight, allowing for the most natural growing conditions available. It is committed to providing pharma-grade medical cannabis, superior patient care while balancing patient economics and returns to shareholders. It is the first public licensed producer to report positive cash flow from operations and the first to report positive earnings in consecutive quarters.
Management Commentary
Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to be working with Aphria, who we believe to be one of the top Canadian producers of the highest quality medical cannabis products. Our goal is to create an online marketplace for our patients that will offer a variety of products sourced from various producers in Canada and overseas. We plan to leverage our existing database of Canadian consumers along with our expertise in e-commerce to provide a unique platform for medical patients to access. We are excited to offer Aphria product to our Cannmart patients shipped from our facility in Toronto, Ontario.â€
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
Posted by AGORACOM-JC
at 8:55 AM on Wednesday, September 20th, 2017
Highlights
A drill hole collared in main mineralized zone (Dana North) encountered 2.45 g/t Pd+Pt+Au over 28m, including 7.12 g/t over 3m and 4.06 g/t over 6m with a second zone of 3.30 g/t Pd+Pt+Au over 4m
Drilling continues to encounter PGM mineralization in the footwall of the River Valley PGM Deposit with assays of 1.56 g/t Pd+Pt+Au over 9m, 1.41 g/t over 8m, 1.12 g/t over 17 m and 1.64 m of 7m were obtained from drilling in the footwall
Drilling has been focused on follow-up drilling to further test the continuation of the Pine Zone and Dana North Zone
River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.
September 20th, 2017 / Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the first drill hole results of the 2017 drilling campaign. Drilling has focused on the Dana North (T3) and Pine Zone as a follow up of the 2015 and 2016 drilling at the River Valley PGM Deposit.
Harry Barr, Chairman and CEO states, “Drill results (Table 1) have confirmed continued PGM mineralization in the footwall to the main River Valley contact, where the current measured and indicated resources have been proven. At present the PGM mineralization has been extended for approximately 140 metres east of the previous known mineralization into the footwall of the identified resources. PGM mineralization in the Pine Zone has now been shown to extend to at least 300 m below surface. With continued drilling success, other new targets could extend along the 16kms of strike and at depth that have not been previously explored.”
A ground geophysical survey was carried out on the Pine Zone by Abitibi Geophysics (News Release: June 19th, 2017). The surface IP geophysical survey was designed to test the eastward and southward extension and dip/plunge of the Pine Zone as well as the adjacent Dana North Zone (Figure 1-2). The extension of the IP survey tested the Banshee Zone. Initial interpretations are complete and the final report has been completed. Several new targets from the geophysics have been identified and are planned for drill testing. The Company has also retained the services of a geophysical consultant, Alan King of Geoscience North Ltd (News Release: Aug 22nd, 2017), to compile all past and current geophysics into one 3D model and aid in the understanding of the structural controls on the PGM mineralization.
Click Image To View Full Size
Figure 1: River Valley Geology Layered Over Recent IP Geophysics with Recent Area of Drilling
(Red Banded Unit represents the River Valley mineralized breccia contact zone-westward dip)
Click Image To View Full Size
Table 1 Drill Results from Dana North/Pine Zone
(3E = Pd+Pt+Au, N.S.A. = no significant assays)
Assay results have been received for six of the eleven presently drilled holes. Breccia host zones were indentified in all holes in the program with four drill holes (Table 1) returning significant Pd+Pt+Au (3E in the Table 1) mineralization to date. The drilling is mainly of an exploratory nature and intended to test the footwall mineralization in the northern portion of the property. Further re-interpretation of the geology, structure and PGM mineralization on the project are ongoing with the company’s geological and geophysical consultants.
Drill hole T3-17-04 was collared obliquely into the main PGM Zone and therefore the results are not true widths. Two high grade PGM zones were encountered from surface to 41 m. The drill hole was designed to test the footwall Pine Zone PGM mineralization to depth. PGM mineralization in the Pine Zone has now been shown to extend to at least 300 m below surface.
Click Image To View Full Size
Figure 2. Zoom in of the Pine Zone and Present Area of Drilling
Drill holes were drilled into the Pine Zone to test the PGM footwall mineralization. Drill widths are considered not true width due to the exploratory nature of the drill campaign.
Assay Procedures and QAQC
The drilling is being undertaken by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of NAM geologists. The drill core samples are sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3 kilograms of each sample to 90% passing 2 mm, and then pulverizing 0.5 kilograms to 85% passing 75 um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of NAM’s rigorous Quality Assurance/Quality Control program.
Future Activity
WSP Canada (News Release: Sept 7th, 2017) will be conducting the updated resource calculation and model for the River Valley PGM Deposit. This will incorporate any new drill results and interpretations.
This present exploration activity of drilling and geophysics is geared to establish the resource base for a Preliminary Economic Assessment (PEA) Report which the company plans to initialize in the near future.
To date (not including the present drill program) an approximate 612 holes (136,574 metres) have been conducted by the company and its past major joint venture partner to test the PGM mineralization extents along the contact of the River Valley Intrusion. As well, several 43-101 complaint resource estimates have been generated. The River Valley Deposit is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.
The Company will continue to update investors as the drill results are received.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold. This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion. Currently the company has completed new ground geophysics and is in the middle of a drill program focused on the Pine and Dana North Zones.
In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project’s mineralized strike length to the southern portion of the intrusion.
ABOUT NAM’S LITHIUM DIVISION
The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li division.
QUALIFIED PERSON
The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
Posted by AGORACOM-JC
at 8:19 AM on Wednesday, September 20th, 2017
Announced that it has signed a letter of intent (LOI) with a major player of the healthcare specialty industry
Privately-owned partner has a pan-Canadian distribution network that reaches up to 7000 specialized healthcare professionals
First product will be launched in Q1 2018 with subsequent products already in development for the remainder of 2018
Tetra and its partner will be tapping into the overall Over-The-Counter topical analgesics market of more than $300 million in sales in Canada, with the US market reaching over $2.9 billion, according to an IMS analysis
OTTAWA, ONTARIO–(Sept. 20, 2017) –Tetra Bio-Pharma Inc. (“Tetra” or the “Company“) (TSX VENTURE:TBP)(OTCQB:TBPMF), today announced that it has signed a letter of intent (LOI) with a major player of the healthcare specialty industry.
This privately-owned partner, which asked to remain unnamed for the time being, has a pan-Canadian distribution network that reaches up to 7000 specialized healthcare professionals. Through their distribution channel, they have access to over 3000 specialized healthcare businesses in Canada and already work with a worldwide network of partners, including the USA.
Tetra and its partner are working together to develop a new line of products, leveraging Tetra’s clinical and product development expertise. The first product will be launched in Q1 2018 with subsequent products already in development for the remainder of 2018. Tetra and its partner will be tapping into the overall Over-The-Counter (OTC) topical analgesics market of more than $300 million in sales in Canada, with the US market reaching over $2.9 billion, according to an IMS analysis. Both companies are expecting to grab a share if the specialized OTC topical analgesics market in a short period of time and could see sales generated from this distribution channel reaching $3 million for Canada in the 1st year. Since the initial launch phase will be focused on the Canadian market, further guidance will be provided as Tetra’s partner gets ready to launch in the US.
« We’re excited to enter this specialized market as there is a significant need for our clinical expertise in product development. This partnership opens a new distribution channel for our pharmaceutical retail division not only in Canada, but also worldwide through their active partners in the US and Europe. Tetra remains committed and is actively developing partnerships to generate a significant revenue stream. This partnership demonstrates our team’s focus and dedication in accelerating our commercialization strategy towards selling a specialized line of products in our pharmaceutical retail business, » comments Bernard Fortier, CEO of Tetra Bio-Pharma.
Tetra Bio-Pharma (TSX VENTURE:TBP)(OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra has three core expertise: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based drugs.
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.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Tetra Bio-Pharma Inc.
Anne-Sophie Courtois
Vice-President Marketing & Communication
1 (514) 360-8040 Ext. 210 [email protected]
www.tetrabiopharma.com
Posted by AGORACOM
at 9:28 AM on Tuesday, September 19th, 2017
Located 20 kilometres northwest of Bathurst
Multiple pathfinder minerals located ( gold, silver, zinc, lead and / or copper occurrences )
500 metre drill program to test multiple base metal and silver bearing vein occurrences
Vancouver, British Columbia (FSCwire) – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company†or “Great Atlanticâ€) is pleased to announce it has received a diamond drilling permit from the New Brunswick Dept. of Energy and Mines for its Keymet Precious – Base Metal Property, located in northeast New Brunswick. The Company is planning drilling beginning in mid-September in the northwest region of the property. The Keymet property, located approximately 20 kilometres northwest of Bathurst, hosts multiple gold, silver, zinc, lead and / or copper occurrences including the Keymet deposit, site of the historic Keymet Mine. Drilling will further test an area of reported zinc, lead, copper and silver bearing vein(s) including 2015 Great Atlantic drill intersections (16.7 % zinc and 152 g/t silver over 1.8 meter core length and 8.7% zinc over 4.28 meter core length) and a near-by gold bearing zone discovered by the Company in a 2015 trench (1.1 g/t gold over 4.9 meters in channel sampling).
To view the graphic in its original size, please click here
The drilling program is planned for the northwest region of the Keymet Property, a priority area for the Company. The program will be a minimum of 500 metres. Multiple base metal and silver bearing vein occurrences are reported in this region, including the historic Keymet Mine which operated during the 1950s. The drilling program will further test one of these vein occurrences, referred to as the Elmtree 12 vein occurrences. Gold bearing boulders and gold bearing zones in trench bedrock are also documented in this region of the property. The drilling program will test one such gold zone.
Historic Keymet Mine (1950s)
To view the graphic in its original size, please click here
The Elmtree 12 base metal and silver bearing vein occurrence is located approximately 1.4 kilometres northwest of the historic Keymet Mine. Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) intersected near-surface mineralized veins in this area. A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu, 11.36% Zn and 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. The true width of these intersections is unknown. These drill intersections are within 50 metre vertical depth. During 2015, Great Atlantic conducted trenching in the area of these reported 1980s drill holes. One trench exposed a northwest striking mineralized vein approximately above the reported 1980s drill intersections. A 0.5 metre channel samples across the vein returned 1.52% zinc, 1.94% copper and 308 g/t silver.
During 2015 Great Atlantic drilled two holes (Ky-15-3 and Ky-15-4) in the area of the 2015 trench and the 1980s holes. These holes were also collared within a zone of gold bearing silicified sedimentary boulders previously discovered by the Company (boulder assays reported up to 51 grams per tonne Au.). The zone of gold-bearing boulders extends west of these two holes in the reported up-ice glacial direction. Both holes intersected base metal and silver bearing veins and local gold mineralization.
Zinc, copper and silver bearing vein in 2015 Trench at Elmtree 12 Vein Occurrence
To view the graphic in its original size, please click here
Both Ky-15-3 and Ky-15-4 were drilled from the same set-up to the northeast (050 degree azimuth) approximately under the previous 2015 trench and from the opposite direction as the reported 1980s holes. Ky-15-3 was drilled at a 45 degree angle and intersected sphalerite – rich veins at 60.80 – 62.60 metres (returning 16.68% zinc, 1.11% copper and 152.0 g/t silver over a 1.80 metre core length). Ky-15-4 was drilled at a 60 degree dip on the same azimuth to intersect the veins deeper. Multiple sphalerite bearing veins were intersected in this hole at 90.07 – 94.35 metres (returning 8.68% zinc and 44.8 g/t silver Ag over 4.28 metre core length), approximately 35 metres vertically under the main vein intersected in Ky-15-3. Hole Ky-15-3 intersected a gold bearing interval, with a sample at 30.10 – 32.20 meters (2.1 meter core length) returning 3.28 g/t gold. The true width of these initial 2015 drill intersections is unknown at this time.
Drilling is planned during September 2017 on either side of holes Ky-15-3 and Ky-15-4 testing the continuation of the zinc, copper and silver bearing veins along strike and testing the continuation of the gold bearing zone intersected in Ky-15-3.
Drilling is also planned during the September program under a gold bearing zone exposed during a 2015 trench southwest of holes Ky-15-3 and Ky-15-4. Channel samples from a zone of altered sediments returned 1.11 g/t gold over a 4.9 metre total length. The channel samples were orientated east-west parallel to the trench direction. The orientation of this gold bearing zone has not been determined. This gold bearing zone is approximately 80 metres southwest of the collars of holes Ky-15-3 and Ky-15-4.
Zinc (sphalerite) – bearing carbonate vein in Ky-15-4.
To view the graphic in its original size, please click here
Access to the property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares.
Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors
“Lorne Mannâ€
This press release includes certain statements that may be deemed “forward-looking statementsâ€. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither 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.
Great Atlantic Resource Corp
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4
Posted by AGORACOM-JC
at 9:12 AM on Tuesday, September 19th, 2017
Informed its client, HPQ Silicon Resources Inc that the Gen 2 PUREVAPâ„¢Quartz Reduction Reactor (referred to herein as: “Gen 2 PUREVAPâ„¢“), a 1/250 scale model of the planned 200 metric tonne (MT) per year pilot plant (the “Pilot Plant”),
Will be operational in the coming weeks, and that an advanced, second phase, lab scale testing program is about to commence.
MONTREAL, QUEBEC–(September 19, 2017) –PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce today that, further to its press release dated on May 4, 2017, it has informed its client, HPQ Silicon Resources Inc (“HPQ”), that the Gen 2 PUREVAPâ„¢Quartz Reduction Reactor (“QRR“) (referred to herein as: “Gen 2 PUREVAPâ„¢“), a 1/250 scale model of the planned 200 metric tonne (MT) per year pilot plant (the “Pilot Plant”), will be operational in the coming weeks, and that an advanced, second phase, lab scale testing program is about to commence.
As previously announced, the first generation lab scale PUREVAPâ„¢ QRR (referred to herein as: “Gen 1 PUREVAPâ„¢“) was built to prove that Silicon Metal (Si) could be produced directly from quartz in just one step, for the solar panel industry.
The Gen 2 PUREVAPâ„¢ will focus on Process Refinement, Characterization, Metallurgical Testing and purity improvements using this new semi-continuous feed 1/250 scale model.
Based on Gen 1 PUREVAPâ„¢ results, PyroGenesis completed the detailed engineering and design of the Pilot Plant, including substantial process modifications, and as a result, this Gen 2 PUREVAPâ„¢ is an upgraded version of the Gen 1 PUREVAPâ„¢ that will be a true 1/250 scale replica of the planned larger pilot plant (“Gen 3 PUREVAPâ„¢“). The Gen 2 PUREVAPâ„¢ is currently undergoing final manufacturing, assembly and testing, and will be operational during the first weeks of October 2017.
The start of this new metallurgical testing program using the Gen 2 PUREVAPâ„¢ represents major de-risking of the Pilot Plant program as the Gen 2 PUREVAPâ„¢ will:
Allow for specific process design improvements and modifications derived from Gen 1 PUREVAPâ„¢ test work to be implemented and perfected;
Produce larger Silicon Metal (Si) samples to test improvements to the purification process;
Allow an intermediate step in scaling up to the Pilot Plant, thereby mitigating the scaling up risk;
Allow for the following milestones to be reached sooner than originally planned:
Producing larger Si samples for testing by potential purchasers;
Allow HPQ and PyroGenesis to test the electrical parameters of the High Purity Si;
Produce enough material to send samples to solar industry participants;Â and
Provide data to demonstrate the economics of PUREVAPâ„¢ technology.
“We are happy to see this new phase of the project. This new reactor will allow us to produce larger quantities of silicon and validate the process for the pilot phase,” said Pierre Carabin, Chief Technology Officer of PyroGenesis.
The next key milestone is to produce quantities of solar grade silicon for testing of its electrical characteristics, sending material to industry participants and finalize Pilot plant design en route to commercialization.
PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.
Tags: $TSXV, CSE Posted in Featured, PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Announces Commencement of Advanced Second Phase Lab Scale Testing with HPQ Silicon Resources $HPQ.ca
Posted by AGORACOM-JC
at 7:40 AM on Tuesday, September 19th, 2017
Advanced, second stage bench testing program is about to commence
Gen 2 PUREVAPtmQuartz Reduction Reactor (“QRR”) reactor, 1/250 scale model of the planned 200 tonnes per annum (tpa) Pilot Plant will be operational in the coming weeks
MONTREAL, QUEBEC–(Sept. 19, 2017) –HPQ Silicon Resources Inc(“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF)Â is pleased to advise shareholders that an advanced, second stage bench testing program is about to commence. PyroGenesis Canada Inc (PyroGenesis) has informed HPQ that the Gen 2 PUREVAPtmQuartz Reduction Reactor (“QRR”) reactor, 1/250 scale model of the planned 200 tonnes per annum (tpa) Pilot Plant will be operational in the coming weeks.
Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “The design and construction of the Gen 2 PUREVAPtmQRR is another exciting step toward commercialization and is a result of the collaborative efforts of PyroGenesis and HPQ. Building on our success to date the Gen 2 PUREVAPtmQRR will allow for further refinements to the silicon purification and testing of the numerous process improvements now planned for the Pilot Plant. This will greatly de-risk our project and provide valuable information sooner as we continue to make the process adjustments needed to produce Solar Grade Silicon Metal.”
GEN 1 PUREVAPtmQRR REACTOR: SUCCESSFUL AND NOW BEING RETIRED
The first generation batch lab scale PUREVAPtmQRR (now referred to as Gen 1 PUREVAPtm) was built to prove the concept that quartz could be transformed in one step into Silicon Metal (Si), for the solar panel industry. A series of tests using the Gen 1 PUREVAPtm were ordered (September 2, 2016 PR) to generate key technical data required for the design of the 200 tpa pilot plant capable of producing Solar Grade Si (SoG Si). The Gen 1 PUREVAPtm process succeeded, demonstrating significant impurity removal, in one step, transforming low purity SiO2(Quartz) into 3N+ Purity Si (99.97% Si) (May 16, 2017 PR, January 26, 2017 PR, November 29, 2016 PR, November 2, 2016 PR and September 29, 2016 PR). This product exceeds the highest purity level of the Metallurgical Grade Silicon Metal (Mg Si) industry, a US$5.5 billion dollar per year industry1.
1
Source CRU, 2018 MG Si demand projected at 2,5 M tonnes, 2018 prices US$2,200 per tonne (Ferroglobe)
Our next key milestone is to produce quantities of solar grade silicon for testing of its electrical characteristics, sending material to industry participants and finalize Pilot plant design en route to commercialization. CEO Bernard Tourillon commented, “Our Gen 1 PUREVAPtmwas a great success and we believe the reactor will eventually make its way to a science and engineering hall of fame. It has currently reached its maximum operational efficiencies and nothing more could be gained by additional tests.”
GEN 2 PUREVAPtmQRR REACTORPRESENTS MAJOR DE-RISKING MILESTONES
The Gen 2 Purevapâ„¢ QRR will focus on Process Refinement, Characterization, Metallurgical Testing and purity improvements using the new semi-continuous feed 1/250 scale pilot-plant (May 4, 2017, PR).
Based on Gen 1 PUREVAPtm results, PyroGenesis completed the detailed engineering and design of the 200 tpa pilot plant, including substantial process modifications. Gen 2 PUREVAPtm therefore is an upgraded version of the Gen 1 Purevaptm that will be a true 1/250 scale replica of the planned larger pilot plant (Gen 3 PUREVAPtm). The Gen 2 PUREVAPtm is undergoing final manufacturing, assembly and testing and will be operational during the first weeks of October 2017.
The start of this new metallurgical testing program using The Gen 2 PUREVAPtm represents major de-risking of the Pilot Plant program for the following reasons:
Gen 2 will allow specific process design improvements and modifications derived from Gen 1 PUREVAPtm test work to be implemented and perfected;
The Gen 2 produces larger silicon Metal (Si) samples to test improvements to the purification process;
Gen 2 allows an intermediate step in scaling up to the Pilot Plant, mitigating that scaling up risk;
Gen 2 will allow the following Milestones to be reached sooner than originally planned;
Producing larger Si samples for testing by potential purchasers;
Allows HPQ and Pyrogenesis to test the electrical parameters of the High Purity Si;
Produce enough material to send samples to Solar industry participants;
Provide data to demonstrate the economics of PUREVAPâ„¢ QRR.
PYROGENESIS CEO REMARKS
“We are pleased to join HPQ in announcing both reaching this new milestone and commencing the second stage testing program,” said P. Peter Pascali, President and CEO of PyroGenesis. “I also wish to commend the team, both at PyroGenesis and HPQ, for having persevered through the many challenges to date and for all the discoveries they made along the way (the ability to transform low purity Quartz into 3N+ Silicon Metal in one step at lab scale not being the least of them). As we have said in the past, it will not be a straight line to success, but given the results to date we are more confident then ever before that we will have a commercial success. What level of success, is yet to be determined. As in all projects, delays will occur, but I firmly believe we are on the right track to have a significant impact in the high purity silicon and solar markets.”
UPDATE ON SILICON METAL PURITY TESTING
Further to our June 23, 2017 press release, the company continued to work with PyroGenesis and a number of specialized laboratories on silicon analysis protocols. Specifically, efforts focus on analytical procedures, certification, and analysis turn around time. We are working with our partners to resolve the analytical bottlenecks.
Results will be reported in a comprehensive report on the proof of concept and phase one process characterization and metallurgical testing programs, being prepared by PyroGenesis.
This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.
HPQ Silicon Resources Incis a TSX-V listed resource company planning to become a vertically integrated and diversified Metallurgical Grade and Solar Grade Silicon Metal producer.
Our business model is focused on developing a disruptive one step High Purity and Solar Grade Silicon Metal manufacturing process (patent pending). HPQ plans to generate high yield returns and significant free cash flow within a relatively short time line. The process will have a greatly decreased carbon footprint, energy footprint, and will eliminate the use of the toxic chemical reagents and by products now in use by the current solar silicon production technologies, which fundamentally date from designs made in the mid 1900’s.
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
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.
