Agoracom Blog
Michael Dehn, President and CEO of Fairmont Resources explains how he unlocks value and can generate cash flow from granite $FMR.ca
Posted by
at 1:51 PM on Tuesday, May 17th, 2016
US Department of State’s Special Representative for Global Partnerships to Discuss Collaborative Innovation for Peace Making at 10th Annual World Summit on Innovation & Entrepreneurship at United Nations $OMAG.us #TheWSIE #WSIEPartners
Posted by
at 1:31 PM on Tuesday, May 17th, 2016
NEW YORK, May 17, 2016 – UNITED NATIONS — One of Wednesday, May 18th’s sessions of The 10th Annual World Summit on Innovation & Entrepreneurship (WSIE 2016) at the United Nations’ General Assembly hall in New York City will feature a discussion about “Innovating for Peaceâ€.
The 20-minute unscripted Innovation for Peace conversation will take place on Wednesday at 12:35 PM EDT by U.S. Department of State Special Representative for Global Partnerships, Andrew O’Brien.
Andrew O’Brien
Special Representative for Global Partnerships
http://www.state.gov/r/pa/ei/biog/209622.htm
Titled “Can We Innovate for Peace?†the discussion will center around the following theme:
Diplomacy is often thought of as a stodgy process – but like all else in this new hyper-connected world, diplomacy must aggressively embrace the innovative use of new technologies, ideas, sustainable designs, citizen-centric solutions and open innovations to enhance how policy leaders think, learn, work and partner to craft good policy outcomes – and avoid bad ones – like wars.
Open models for partnerships in this frenetically fast moving world will foster wider understanding and clearer perceptions of the other side’s interests, needs, fears and requirements — hence, better diplomatic outcomes.
WSIE 2016 is hosted in partnership with the UN Conference on Trade & Development, along with the support of the Secretary of State’s Office of Science & Technology at the Department of State.
In celebration of its 10th anniversary on May 18 – 19th, WSIE will feature panel discussions and presentations profiling the challenges and opportunities faced in seven topic areas by entrepreneurs and enterprises around the world:
(1) Design
(2) Sharing economy
(3) Energy
(4) Industrial Internet
(5) Digital life
(6) Commerce
(7) Health
10th Annual World Summit on Innovation & Entrepreneurship: New Frontiers
http://bit.ly/1R8hzsv
More than 100 presenters — designers, chief executives, innovators, entrepreneurs — will contribute to conversations about new ideas, products, experiences and transformations.
The two-day summit, themed “Celebrating the Crazy Ones: New Frontiers,” offers a bold and provocative exploration of what the future of business, marketspaces, digital trends, products, minds, machines, experiences, and transdisciplinary innovations might look like by 2020.
At WSIE 2016’s “New Frontiers,” 350 attendees — including some of the world’s eminent dreamers and doers — will plot the frontier of innovation and entrepreneurship.
Seating is limited so to ensure proper access to the United Nations Secretariat building, please confirm your attendance at www.thewsie.org/media.
All guests must be confirmed on the WSIE 2016 webpage in order to receive an access badge to UN Headquarters.
If not currently UN accredited please apply for clearance via the link below:
http://www.un.org/en/media/accreditation/request.shtml
WSIE 2016 is presented by Omagine, Inc. (OMAG) and held in collaboration with some of the world’s most innovative companies, including: Gensler, Henry Schein, Libra Group, Mastercard, HCL Technologies, Vancive, Avery Dennison and Direct Energy.
For more information about the Summit, visit www.theWSIE.org or contact Michele Wallace at [email protected], 917-741-5147.
Nevada Energy Metals Agrees to Joint Venture on Clayton Valley Project, Nevada $BFF.ca
Posted by
at 9:09 AM on Tuesday, May 17th, 2016
- Announced that it has agreed to grant 1074654 Nevada Ltd an Option to acquire a seventy (70%) percent interest in the BFF-1 Clayton Valley Property by making certain Cash Payments
- Issuing Shares upon completion of a “Going Public Transaction”, and completing Exploration Expenditures on its property at Silver Peak, Clayton Valley, Nevada.
May 17, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc., TSX-V: BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has agreed to grant 1074654 Nevada Ltd an Option to acquire a seventy (70%) percent interest in the BFF-1 Clayton Valley Property by making certain Cash Payments, issuing Shares upon completion of a “Going Public Transaction”, and completing Exploration Expenditures on its property at Silver Peak, Clayton Valley, Nevada.
Cash Payments: US$300,000 to the Optionor as follows: (i) US$100,000 on the Closing Date; (ii) US$100,000 on or before the one (1) year anniversary of the Closing Date; and (iii) US$100,000 on or before the two (2) year anniversary of the Closing Date.
Expenditures: US$1,000,000 on the exploration and development of the Property as follows: (i) US$100,000 on or before the one (1) year anniversary of the Closing Date; (ii) US$300,000 on or before the two (2) year anniversary of the Closing Date; and (iii) US$600,000 on or before the three (3) year anniversary of the Closing Date.
Share Payments: Following completion of a Going Public Transaction, the issuance of 1,200,000 common shares of the Resulting Issuer to the Optionor (the “Consideration Shares”) as follows: (i) 400,000 common shares on the Closing Date; (ii) 400,000 common shares on or before the one (1) year anniversary of the Closing Date; and (iii) 400,000 common shares on or before the two (2) year anniversary of the Closing Date. All Consideration Shares will be subject to a four-month statutory hold period.
Following exercise of the Option, the Optionee shall have a seventy (70%) interest in and to the Property, with the Optionor retaining the balance. Thereafter, the parties will work diligently and in good faith to negotiate the terms of a joint venture to advance development of the Property. The joint venture will provide that expenditures on the Property will be funded on a pro rata basis, based upon the respective parties proportionate interest in the Property. In the event any one party declines to fund the expenditures in proportion to their interest, their respective interest in the joint venture shall be reduced accordingly, provided that no party shall be diluted below a fifteen (15%) interest in the Property.
Closing of the transaction, and the grant of the Option, will occur on the date which is five (5) business days following completion of a Going Public Transaction (the “Closing Date”). The Closing Date must occur within sixty (60) days of the execution of this term sheet, unless otherwise agreed by the parties, provided that if the Closing Date does not occur within thirty (30) days of the execution of this term sheet, the Optionee shall make a payment of US$25,000 to the Optionor (the “Deposit Payment”). The Deposit Payment shall be credited against the Cash Payments owing pursuant to the Option, and shall not be refundable by the Optionor in the event closing does not occur for whatever reason. The parties agree to work diligently and in good faith to negotiate the terms of a definitive agreement to reflect the transaction described herein (the “Definitive Agreement”), and will use their best efforts to execute the Definitive Agreement on or before May 31, 2016.
Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are excited about having a partner with which to advance our Clayton Valley property. This agreement is a first step in fulfilling our promise as an asset builder and project generator. The BFF-1 Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation and lies only two hundred meters to the north west side of their property. We look forward to an exciting exploration program being carried out in the months ahead.”
About the Clayton Valley BFF-1 Project:
The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims cover an area about 623 ha (1,540 acres) on the north-western side of the original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak Range front on the west and an outlier of Paleozoic rocks known as Goat Island on the east. The exploration concept is the graben is a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.
The Clayton Valley BFF-1 NI 43-101 Technical Report by Alan Morris, CPG, QP, states “The property has strong potential to host Lithium brine deposits in favorable geologic horizons within the basin fill. Another possible target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.” (April, 2016)
Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008) indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium brine as it may represent a separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.
Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is now the Clayton Valley BFF-1 project. Bottom hole temperature was 50?C (122?F) which showed moderate potential for geothermal power. Of significance, the well encountered a 25-foot-thick zone of volcanic ash reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic ash in this hole is significant in light of that it is the presumed source for at least some of the lithium in the brines (Price et al, 2000).
Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada
About Nevada Energy Metals: http://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a well-funded Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 87 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 27 hole shallow auger exploration program has been completed and results are pending. Recently, the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed. The Company’s most recent acquisition is 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada.
On Behalf of the Board of Directors
Rick Wilson
President & 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.
Explor Announces Kidd Township Property Diamond Drilling Program $EXS.ca
Posted by
at 9:01 AM on Tuesday, May 17th, 2016
- Announced the commencement of a Diamond Drilling Program on the Kidd Township Property
- Most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties
- Plans a geophysical program consisting of mag and max/min to better define the targets followed by a 3000 meter diamond drill program
ROUYN-NORANDA, QUEBEC–(May 17, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the commencement of a Diamond Drilling Program on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that cover an area of approximately 2,740.5 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor plans a geophysical program consisting of mag and max/min to better define the targets followed by a 3000 meter diamond drill program.
The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.
Exploration drilling completed by Explor to date has revealed a Major Fault Structure running to the west of the Glencore Kidd Creek Mine in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southeast of the Glencore Kidd Creek Mine (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm. The Magnetic Anomaly associated with these results appears to continue onto Explor’s property holdings. A series of untested AEM (Airborne Electromagnetic) conductors detected on the Kidd Township Property to the west, south and southeast of the existing Kidd Creek Mine clearly warrant further investigation.
Some of the EM (Electromagnetic) targets occur along magnetic boundaries suggestive of Rhyolite/Basalt contacts. The Glencore Kidd Creek Mine located to the South-west of the property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966.
Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The presence of Mafic and Felsic rocks on the Kidd Township Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist in the immediate vicinity of the Glencore Kidd Creek Mine.
Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.
Explor Resources invites investors to visit our booth at the following conference:
Booth #P28 (Pavilion) at the Big Event, Canadian Mining Expo in Timmins, Ontario, held at the McIntyre Community Centre from June 1 to June 2, 2016.
The management team at Explor Resources Inc. looks forward to having you join us.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).
This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:
| Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows: | |
| Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au) | |
| Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au) | |
| Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows: | |
| Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) | |
| Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au) |
This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Christian Dupont
President
888-997-4630 or 819-797-4630
819-797-6050
[email protected]
www.explorresources.com
The Omagine Project at the United Nations General Assembly – May 18, 2016 #TheWSIE #WSIEPartners
Posted by
at 7:57 AM on Tuesday, May 17th, 2016
Namaste Expands Wholesale and E-Commerce Platforms $N.ca
Posted by
at 5:10 PM on Monday, May 16th, 2016
- Global distribution capabilities with established fulfillment centers in the UK, US, Australia and the recent establishment of a new center in Brazil, currently a high growth and strategic market for the Company;
- Virtual storefront development and branding to enhance the product offering of headshops and retail stores by reducing inventory costs;
- Reduced logistical costs through the Company’s world class shipping relationships;
- Managing costs through specific unit repair and replacement functions; and
- Multi-lingual customer support for international markets.
TORONTO, ONTARIO–(May 16, 2016) – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(OTC PINK:NXTTF) (FRANKFURT:M5BQ) reports the launch of a new wholesale division, the development of multiple new e-commerce and social media platforms specifically designed for the vaporizer and accessories community, and the expansion of the senior management team.
These developments accelerate Namaste’s strategy to be an integrated leader in the international vaporizer and accessories market, through innovative in-bound marketing e-commerce and social media platforms, industry leading logistics and fulfillment capabilities, and differentiated wholesale solutions for manufactures and distributors.
Wholesale Expansion
The management team of Namaste is pleased to announce and welcome Mr. Peter Tollmann Jr., as the new Executive Vice President, Wholesale Division. Mr. Tollmann was previously one of the leading sales managers at the largest vaporizer distributor globally and is an expert in the motivation and management of sales teams. In that regard, his experience spans 20-years of managing relationships with internal staff, cross-functional teams, retailers, distributors and vendors, while consistently driving revenue growth, expanding market presence, improving processes and managing costs.
Based in Florida, Mr. Tollmann will be responsible for establishing the Company’s wholesale technology, fulfillment and customer service supported product offerings to e-commerce companies, headshops and other retail distributors. Mr. Tollmann has identified initial members of his global team and will develop a sales force focused on nine countries globally.
Key differentiating elements of Namaste’s wholesale offering include:
- Global distribution capabilities with established fulfillment centers in the UK, US, Australia and the recent establishment of a new center in Brazil, currently a high growth and strategic market for the Company;
- Virtual storefront development and branding to enhance the product offering of headshops and retail stores by reducing inventory costs;
- Reduced logistical costs through the Company’s world class shipping relationships;
- Managing costs through specific unit repair and replacement functions; and
- Multi-lingual customer support for international markets.
E-Commerce Expansion
Namaste is currently investing significant resources into the acceleration of its inbound marketing e-commerce strategy through organic search engine optimization and technologies. This strategy includes best-in-class natural rankings, trust of brand growth, client population expansion, and sales conversion optimization. The objective is to significantly increase the sustainability and reoccurring nature of sales at a lower customer acquisition cost than pay per click. For the month of April, Namaste achieved a top-decile conversion funnel with 6.3% of site visitors adding products to the cart, 4.7% reaching checkout and 3.1% making purchases.
In addition to enhancing overall e-commerce traffic and maintaining high conversion rates, the Company is focused on launching new portals and applications to facilitate social and commercial interactions between vaporizer and accessory community members. These include:
- The creation of Snap420, a social media application that provides community members an exclusive portal to share imagery, messages, reviews and more. This will integrate into e-commerce product offerings and exclusive coupons and discounts (www.snap420.com);
- Branding of Vaporizer Acquisition Syndrome (“VAS”), a platform focused on educating the market about the compulsive purchasing of vaporizers and accessories. This initiative will feature Dr. Ken Grey, a leading authority on VAS (www.vaporizeracqusitionsyndrome.com);
- Development of VASTrader, an online community for vaporizer enthusiast to buy, trade and sell vaporizers and accessories. This platform, the first if its kind to focus exclusively on the vaporizers and accessories industry, will allow community members access to a full range of products and will drive recurring revenues by generating multiple sales from a single unit (www.vastrader.com); and
- Expansion and enhancement of YouTube channels with additional product reviews and locational content targeting specific markets. This initiative will feature Ms. Kim Owen, an international pageant model.
Management Commentary
Mr. Sean Dollinger, President and CEO of Namaste, comments: “Our integration of wholesale and e-commence operations will allow Namaste to reach a larger audience with our products and synergistically enhance the offerings of both divisions. This expansion also positions the Company to address the entity of the estimated US$2.0 billion vaporizer market, which is characterized by approximately 80% of sales being generated through physical retail locations. I firmly believe these strategic developments further advance our objective to become the leading integrated vaporizer and accessories company internationally.”
Corporate Security Appointment and Option Grant
Namaste announces the appointment of Mr. Darren Collins, Chief Financial Officer of Company, as Corporate Secretary. The Company has also granted 300,000 stock options to officers, directors, and consultants of the Company. The options will have an exercise price of $0.15 per share for a period of 5-years.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce 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.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
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
Namaste Technologies Inc.
1 (786) 389-9771
FAX: 1 (604) 685. 8045
www.namastetechnologies.com
[email protected]
Durango Announces Update, Generates New Targets At Whitney Northwest $DGO.ca
Posted by
at 10:57 AM on Monday, May 16th, 2016
- Announced an update on historic research on its 100%-owned Whitney Northwest claims near Timmins, Ontario
- Research into historic drilling on the property has revealed that four of the reverse circulation holes drilled on the property for the purposes of till sampling were reported to intersect possible mafic metavolcanics at their termini
- Marcy Kiesman, CEO of Durango, comments, “…research has indicated promising targets for gold mineralization at Durango’s Whitney NW project were also identified but never drilled….”
Vancouver, BC / May 16, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce an update on historic research on its 100%-owned Whitney Northwest claims near Timmins, Ontario. Based on this new research, Durango has outlined a series of new targets for its upcoming exploration program.
Research into historic drilling on the property has revealed that four of the reverse circulation holes drilled on the property for the purposes of till sampling were reported to intersect possible mafic metavolcanics at their termini (3). Metavolcanics are a known host to mineralization at both the Bell Creek Mine, located 3.5 kilometres to the southeast, and the Whitney property, located 6 kilometres to the southeast. These drill holes were targeting the till layer and only penetrated up to 1-2 metres into the underlying bedrock (3). Therefore, the true thickness of these metavolcanic units is yet unknown.
At the nearby Bell Creek Mine, gold mineralization occurs near or along mafic to ultramafic contact zones, and within the mafic volcanic sequence (1). Similarly, at the Whitney property, the Hallnor and Broulan Reef deposits straddle the unconformity between Timiskaming assemblage metasediments to the south, and Tisdale assemblage metavolcanics to the north. Gold mineralization at the Whitney property is associated with several styles of vein structures and as minute gold inclusions in sulphide minerals at or near the contact between the Timiskaming sediments and mafic to ultramafic volcanic rocks (2).
Furthermore, analysis of the historic till sampling results has shown that 10 out of the 34 holes drilled in the till sampling program returned gold values in till intervals directly overlying the bedrock, including the significant till sample which assayed 15.0 g/t Au over a 2.6 metre interval. (3)(4)
Marcy Kiesman, CEO of Durango, comments, “Durango continues to provide shareholders with opportunities for discovery. Research of past work identified the ground had been held and worked by Moneta Porcupine mines for several decades, and significant gold results in till were returned. Now, research has indicated promising targets for gold mineralization at Durango’s Whitney NW project were also identified but never drilled. It is a high priority for us to determine the true thickness of these potential metavolcanic intervals and to determine their viability as a host to mineralization.”
The technical contents of this release were approved Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.
References
- (1)Kallio, E., Vaz, N. (2015). NI 43-101 Technical Report, Updated Mineral Reserve Estimate for Bell Creek Mine, Hoyle Township, Timmins, Ontario, Canada. March, 2015.
- (2)P & E Mining Consultants Inc. (2014). Technical report and resource estimate on the Upper Hallnor, C-Zone, and Broulan Reef Deposits, Whitney Gold Property, Timmins, Ontario, Canada.
- (3)Yungwirth, F.P. (1989). Moneta Porcupine Mines Inc – Report on reverse circulation overburden drilling – MGM-87 Project – Goose Lake Claims.
- (4)See Durango Resources Inc. news release dated April 15, 2016.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
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.
Nevada Energy Metals Acquires Black Rock Lithium Project $BFF.ca
Posted by
at 9:06 AM on Friday, May 13th, 2016
- Announced that it has increased its lithium brine exploration assets through the 100% acquisition of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada.
- western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada
- Company plans to carry out an exploration program this summer to determine the potential for a lithium brine deposit
May 13, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has increased its lithium brine exploration assets through the 100% acquisition of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. The major population center is the town of Gerlach, which lies 177 kilometers north of Reno.
Click Image To View Full Size
The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (up to 3.5 ppm) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium bines, they do represent a significant source of metal available for evaporative concentration within the playa basin.
The company plans to carry out an exploration program this summer to determine the potential for a lithium brine deposit. The exploration program will consist of shallow sampling followed by a high resolution geophysical program to define potential drill targets.
Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments, and has agreed to pay all location and recording costs in addition to granting a 200,000 share finders fee.
Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada
About Nevada Energy Metals: http://nevadaenergymetals.com/
Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 27 hole shallow auger exploration program is in progress. Recently the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed. The Company’s most recent acquisition is 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada.
On Behalf of the Board of Directors
Rick Wilson, President & 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.
INTERVIEW: Liberty Star Discusses Use of Titan R-40 Drill Rig $LBSR.us
Posted by
at 8:35 AM on Friday, May 13th, 2016
Liberty Star is an Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA. Currently, the Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
Mobile Devices Drive 816,000 Small-Cap Visits To AGORACOM In 2015
Posted by
at 8:10 AM on Friday, May 13th, 2016
Good morning to you all. From the “I love traffic data†department, I’m happy to provide you with mobile data traffic to AGORACOM for the full year 2015 Here is a snapshot of the overall data, followed by my comments:
USAGE HIGHLIGHTS:
- All comparisons above are to 2014 – and man is mobile skyrocketing. That is a 8.5% increase vs. 2014.
- Mobile devices accounted for just under 21% of all visits to AGORACOM in 2015.
- 8.22 pages per visit – an increase of 22.92%tells me that investors have moved beyond basic skimming from their mobile devices and are relying on them as much as their PC’s and laptops. The entire site average for 2014 was 6.69 pages per visit.
- Average duration per visit, however, is far below non-mobile access to the site. Â We’re going to fix that, see below.
DEVICE HIGHLIGHTS:
Apple is dominating Android devices. Â by 2.5:1 … that’s surprising. Â Second, despite the explosion in tablet devices, access from the actual phones themselves still dominates the device of choice for accessing AGORACOM. Â Third, I’m not surprised at the Blackberry numbers – but very surprised at the Windows numbers.
Here are the numbers:
- 1st – Apple accounted for 63% of all mobile visits to AGORACOM in 2015, broken down as follows:
- iPhone 508,165;
- iPod 2,487;
- 2nd – Android 25.32%
- 3rd – Blackberry 7.26%
- 4th -Â Windows 6.32%
CONCLUSIONS
As a result of what we’re seeing above, we’ve concluded that the best course of action in our mobile strategy is to go away from updating our App and focus on a mobile friendly version of AGORACOM. Â Clearly, we have to give mobile users a better experience to extend their visit duration. Â Look for this change to be implemented by end of Q3 of this year.