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Monarch Gold Intersects 61.20 g/t Au Over 2.6 Metres, Including 265.00 g/t Au Over 0.6 Metres, at its McKenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:50 AM on Thursday, February 28th, 2019
  • Initial drilling expands the high-grade gold potential of the McKenzie Break deposit and intersects new structures at depth
  • Highlights of initial results on the 13,945-metre 2018 diamond drilling program:
    – Hole MK-18-196: 61.20 g/t Au over 2.6 metres, incl. 265.00 g/t Au over 0.6 metres
    – Hole MK-18-183: 24.70 g/t Au over 0.6 metres
    – Hole MK-18-180: 19.80 g/t Au over 0.4 metres
    – Hole MK-18-195: 9.44 g/t Au over 2.0 metres, incl. 18.50 g/t Au over 1.0 metre

MONTREAL, Feb. 28, 2019 - MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near Monarchs’ Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the first 21 holes totalling 4,424 metres of core (see table below for assay results).

“This first set of results attests to McKenzie Break’s solid exploration and high-grade potential, and already extends the deposit laterally and at depth,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “Previous work on the property was mainly limited to the Green and Orange zones, which nonetheless enabled us to outline an indicated and inferred resource of over 165,000 ounces of gold (see press release dated June 14, 2018). Our aim going forward is to increase that resource.”

Hole MK-18-196 returned 61.20 g/t Au over 2.6 metres, including 265.00 g/t Au over 0.6 metres, at 260 metres below surface. This hole lies 110 metres west of a historic hole that returned 3.56 g/t Au over 1.1 metres, and 75 metres southeast of hole MK-18-195, which yielded 1.84 g/t Au over 1.0 metre. The intersections from holes MK-18-196 and MK-18-195 are on the same horizon, thereby potentially representing a new lens at depth.

Hole MK-18-183, drilled northwest of the proposed open pit, returned 24.70 g/t Au over 0.6 metres from a depth of 60 metres. Along with other holes drilled during the 2018 program, this positive result indicates the potential to extend the open pit towards the northwest.

Hole MK-18-180 returned a grade of 19.80 g/t Au over 0.4 metres from 90 metres below surface to the northeast of the Green Zone. This result extends the main Green Zone lens approximately 50 metres towards the northeast and will increase the underground mining resource in this area.

Hole MK-18-195 returned 9.44 g/t Au over 2.0 metres, including 18.50 g/t Au over 1.0 metre. This intersection is 195 metres below surface and represents a new lens below the main Orange Zone lens. The intersection lies approximately 80 metres northeast of the Orange Zone sector, with the nearest hole returning anomalous values 75 metres farther east. If connected, these results could enlarge the lens and extend it to the northeast.

Initial drill results for the McKenzie Break property:

Hole Length From To Width* Grade Au
number (m) (m) (m) (m) (g/t)
MK-18-179 176 5.9 6.6 0.7 7.30
149.2 150.0 0.8 8.13
MK-18-180 174 89.4 89.8 0.4 19.80
170.0 171.0 1.0 7.60
MK-18-181 201 175.7 176.7 1.0 1.99
MK-18-182 180 22.8 24.6 1.8 5.27
MK-18-183 180 34.2 38.5 4.3 3.73
Including 37.5 38.5 1.0 7.43
52.1 52.7 0.6 24.70
105.8 106.4 0.6 12.95
MK-18-184 174 58.3 59.4 1.1 2.90
148.6 149.6 1.0 6.83
MK-18-185 186 90.6 91.6 1.0 7.46
100.7 101.45 0.75 10.75
MK-18-186 177 64.0 66.0 2.0 2.68
MK-18-187 174 84.0 88.8 4.8 3.91
MK-18-188 177 6.9 9.3 2.4 3.08
9.2 20.2 1.0 3.46
131.7 132.5 0.8 2.18
MK-18-189 177 11.0 12.0 1.0 2.00
MK-18-190 201 17.6 18.8 1.2 4.87
25.8 27.8 2.0 2.70
39.8 41.0 1.2 3.46
MK-18-191 252 45.5 46.5 1.0 2.26
166.0 179.0 13.0 0.39
MK-18-192 276 89.7 91.9 2.2 6.78
190.0 194.0 4.0 0.68
223.0 226.5 3.5 1.18
MK-18-193 234 130.0 131.1 1.1 8.90
209.0 212.2 3.2 1.76
MK-18-194 234 15.0 16.0 1.0 6.67
111.7 112.7 1.0 2.13
MK-18-195 276 193.0 195.0 2.0 9.44
Including 194.0 195.0 1.0 18.50
MK-18-196 300 254.8 257.4 2.6 61.20
Including 255.7 256.3 0.6 265.00
293.8 296.0 2.2 1.88
MK-18-197 201 177.6 178.8 1.2 1.68
MK-18-198 198 62.5 63.7 1.2 0.18
MK-18-199 276 260.9 262.0 1.1 4.24

*The width shown is the core length. True width is estimated to be 90-100% of the core length.

McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported an NI 43-101 pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (Source: NI 43-101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.).

Sampling normally consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or, Quebec for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the gravity method, and samples containing visible gold grains are assayed using the metallic sieve method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.

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SOURCE Monarch Gold Corporation

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Posted in Monarques Gold | Comments Off on Monarch Gold Intersects 61.20 g/t Au Over 2.6 Metres, Including 265.00 g/t Au Over 0.6 Metres, at its McKenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

$GR.ca Great Atlantic Identifies Additional Gold Targets on the Golden Promise Project, Central Newfoundland $SIC.ca $MOZ.ca

Posted by AGORACOM at 9:57 AM on Wednesday, February 27th, 2019
  • Received all analytical results from the 2018 exploration program at its Golden Promise Property, located in the central Newfoundland gold belt
  • The results identified additional exploration targets where no prior drilling has taken place

VANCOUVER, BC / ACCESSWIRE / February 27, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received all analytical results from the 2018 exploration program at its Golden Promise Property, located in the central Newfoundland gold belt, the results identifying additional exploration targets. The 2018 soil and rock analytical results confirm gold soil anomalies +/- rock samples anomalous in gold in at least three additional target areas in under-explored regions of the property. The Company’s main focus on the property remains the Jaclyn Zone where multiple gold bearing quartz vein systems occur. Gold bearing veins and gold bearing quartz vein boulders occur in other regions of the property.

Anomalous 2018 rock and soil samples were concentrated in three new targets areas:

  • Southwest region: Anomalous soil samples along two reconnaissance soil lines, up to 77 ppb gold (News Release of September 27, 2018). All 11 samples along one 570- meter long line returned anomalous gold values. Rock samples within the soil anomaly retuned anomalous gold values including 1.04 g/t gold.
  • East-Central region: Anomalous soil samples (up to 39 ppb gold) & rock float samples (up to 136 ppb gold) along a reconnaissance traverse.
  • West-Central region: Anomalous soil samples (up to 41 ppb) following up in an area of 2017 soil anomalies (212 and 236 ppb gold).
  • No previous drilling in the new target areas.

The 2018 program was reconnaissance in nature consisting of prospecting and soil / rock geochemical sampling in multiple under-explored regions of the Golden Promise Property. Multiple gold soil anomalies were identified in the southwest, west-central and east-central regions of the property, thereby adding to the number of gold targets within the property. Rock grab samples from float in the east-central and southwest regions of the property returned anomalous values for gold, the high value being 1.04 g/t gold.

Soil sample analytical results from the southwest region of the Golden Promise Property were reported in the Company’s News Release of September 27, 2018. The results include anomalous gold in soil samples from a new target area in this southwest region. The majority of soil samples from two reconnaissance lines in this target area returned anomalous values for gold (up to 77 parts per billion (ppb) gold) including all 11 samples from one approximately 570-meter long line. Nine of the 2018 rock grab samples (float and outcrop) from this anomalous zone returned anomalous gold values, the high value being a boulder sample with quartz veins returning 1.04 g/t gold.This anomalous zone is approximately 4 kilometers northeast of the Linda / Snow White gold bearing vein which is located within the southwest region of the property. Reported historic highlights for the Linda / Snow White vein include a 232 g/t gold grab sample, 29.7 g/t gold over 0.5 meters in a channel sample and 19.5 g/t gold over 1.15 meters during diamond drilling (core length).

Quartz boulder in new southwest target area

The 2018 program confirmed an area of gold soil anomalies in the west-central region of the property. Initial reconnaissance soil sampling by the Company in this region during 2017 identified gold anomalies (including samples returning 212 and 236 ppb gold). Soil sampling in this area was continued during 2018 along 2 north-south lines. Six of seven soil samples from an approximately 300-meter long section of one line returned anomalous values for gold in the 8-41 ppb gold range, confirming this new target area. This zone of gold soil anomalies is located approximately 1 kilometer northwest of the gold bearing Shawn’s Shot quartz vein. A 0.32-meter long chip sample collected by the Company across the Shawn’s Shot vein in 2017 returned 48.2 g/t gold (News Release of August 28, 2017).

The 2018 program established a new gold target area in the east-central region of the property. Prospecting and soil sampling were conducted along one east-west reconnaissance line in this region. Approximately 25% of the soil samples along an approximately 2-kilometer section of this line returned anomalous values for gold (6-39 ppb gold). Rock samples from quartz boulders in this region returned anomalous values for gold (up to 136 ppb gold). The target area is approximately 2.2 kilometers south-southwest of the gold bearing Jaclyn Main Zone. The Jaclyn Main Zone has been the primary focus of historic gold exploration on the property.

The Company recently reported a National Instrument 43-101mineral resource estimate for the Jaclyn Main Zone, located in the northern region of the property (News Release of December 6, 2018; and Sedar-filed National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo.). The reported inferred mineral resource estimate for the Jaclyn Main Zone is as follows:

Resource Cutoff Au g/t Au Cap g/t Au Uncap g/t Tonnes Au Ounces
Capped 		Au Ounces Uncapped
Total 1.1 9.3 10.4 357,500 106,400 119,900
Pit-Constrained 0.6 11.4 14.1 157,300 57,800 71,200
Underground 1.5 7.5 7.6 200,200 48,600 48,700

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.

Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.

Mineral resource tonnage and grades are reported as undiluted.

Contained Au ounces are in-situ and do not include recovery losses

The Jaclyn Main Zone is part of the Jaclyn Zone. At least 5 gold bearing quartz vein systems are reported at the Jaclyn Zone, including the Jaclyn Main Zone, Jaclyn North Zone, Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone. Much of the reported historical exploration within the property has been focused on the Jaclyn Zone with the majority of historic drill holes (2002-2010) at the Jaclyn Main Zone. Other gold bearing veins within the property include Shawn’s Shot, Linda / Snow White and at the Gabbro Occurrence. High grade quartz boulders are reported within the property including at the Jaclyn Zone and Branden and Justin’s Hope boulder occurrences.

The property is located within the Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits Subzone, the property lies along the north-northwestern fringe of the Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The northwestern margin of the Golden Promise Property occurs proximal to, and, in part, contiguous with a major (Appalachian-scale) collisional boundary, and suture zone, known as the Red Indian Line (RIL). The RIL forms the western boundary of the Exploits Subzone. Recent significant gold discoveries in this region of the Exploits Subzone include those of Sokoman Iron Corp. (TSXV.SIC) at the Moosehead Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.

Sokoman Iron Corp. (TSXV.SIC) recently announced a high-grade gold discovery on its Moosehead Property, located approximately 40 kilometers east-northeast of the Golden Promise Property. The discovery was made during the 2018 diamond drilling program. A drill intersection of 44.96 g/t gold over 11.90 meters core length was reported including a 1.35 meters core length quartz vein intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July 24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) is located approximately 55 kilometers southwest of the Golden Promise Property. As reported on Marathon’s website, the Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 2,691,400 oz. of gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of gold at 1.77 g/t. Readers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

As reported in the National Instrument 43-101 Technical Report on the Golden Promise Property, Central Newfoundland (revised), dated December 4, 2018 by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc., P.Geo., the Jaclyn Main Zone was modelled as a single quartz vein that strikes east-west and dips steeply to the south. Modelled vein thickness was based on true thickness derived from quartz vein intercepts. The estimate is based on 220 assays that were composited to 135 one-meter long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the model measured 15 meters east-west, 1-meter north-south and 10 meters vertically. The block model was not rotated. Grades were interpolated using inverse-distance squared (ID2) weighting and a search ellipse that measured 100 meters along strike, two meters across strike and 50 meters vertically. Grades were interpolated based on a minimum of two and a maximum of 10 composites with a maximum of one composite per hole so the grade of each block is based on at least two drillholes thereby demonstrating continuity of mineralization. For the capped mineral resource estimate, all assays that exceed 65 g/t gold were capped at 65 g/t gold. All resources were classified as Inferred because of the relatively wide spacing of drill holes through most of the zone.

Because part of the vein is near surface the resource estimate was constrained by a conceptual open pit to demonstrate reasonable prospects of eventual economic extraction. Generic mining costs of US$2.50/tonne and processing costs of US$25.00/tonne were used together with a gold price of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no allowance for mining loss or dilution. Based on the combined hypothetical mining and processing costs and the assumed price of gold, a pit-constrained cutoff grade of 0.6 g/t was adopted. For the underground portion of the resource a cutoff of 1.5 g/t was assumed. The cutoff grade for the total resource is the weighted average of the pit-constrained and underground cutoff grades.

The 2018 rock and soil samples were analyzed by Eastern Analytical Ltd. in Springdale, NL for gold by Fire Assay and for 34 elements by ICP. A qualified person managed and conducted the 2018 exploration program.

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 records referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, 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

“Christopher R Anderson“

Mr. Christopher R. Anderson “Always be positive, strive for solutions, and never give up”
President CEO Director
604-488-3900 – Dir

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$AMK.ca American Creek Reports that Tudor Gold Geologists Confirm Goldstorm Zone to Southeast as well as Northeast $TUD.ca $SEA.ca $SKE.ca

Posted by AGORACOM at 8:33 AM on Wednesday, February 27th, 2019
  • JV partner Tudor Gold has updated information from the southern part of the Goldstorm Zone on the Treaty Creek property in the Golden Triangle
  • Significant horizons of stronger gold mineralization occur in a thick envelope of low-grade gold mineralization throughout the entire Goldstorm Zone.
  • Within the low-grade mineralized body, near-surface horizons of stronger gold grades occur.
  • CB-17-24 interval averages 0.945 g/t Au over 213.0 meters,including the core of the zone that averages 1.925 g/t Au over a 60 meter interval.

Cardston, Alberta–(Newsfile Corp. – February 27, 2019) – American Creek Resources Ltd. (TSXV: AMK) (the “Company”)is pleased to announce that JV partner Tudor Gold has updated information from the southern part of the Goldstorm Zone on the Treaty Creek property in the Golden Triangle region of British Columbia. New composites from drill holes completed during 2017 and 2018 demonstrate that significant horizons of stronger gold mineralization occur in a thick envelope of low-grade gold mineralization throughout the entire Goldstorm Zone.

Within the low-grade mineralized body, near-surface horizons of stronger gold grades occur. The southernmost drill section, 107+00 NE (attached below) demonstrates that the Goldstorm Zone contains a higher grade gold interval at its eastern near-surface projection in hole CB-17-24. This enriched gold interval averages 0.945 g/t Au over 213.0 metersincluding the core of the zone that averages 1.925 g/t Au over a 60 meter interval. Similarly, the upper part of the gold intercepts in holes CB18-32 and CB18-34 also demonstrate that the stronger gold mineralization occurs in the upper portion of each intercept. The following table gives gold composites from the three drill holes on Section 107+00 NE that cut the Goldstorm Zone.

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https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_001full.jpgTudor Gold Exploration Manager Ken Konkin stated: “We consistently see thick, low-grade gold intercepts that contain distinct horizons of stronger gold mineralization throughout the entire Goldstorm Zone. Our preliminary petrographic studies confirm that gold mineralization is associated with multiple pulses of disseminated and veinlet pyrite emplacement. These events were then over-printed and mineralized by late-stage, steep-angled, quartz-calcite-pyrite veinlets that contain native gold. The hanging wall of the Goldstorm Zone is well defined by a sharp fault contact. This appears to be a moderately dipping regional thrust fault similar to the orientation and nature of the Sulphurets Thrust Fault hanging wall contact at Seabridge’s Iron Cap deposit, located five kilometers to the southwest.”
Goldstorm extends for at least 500 meters along a northeastern strike and is open to the east, north and down dip. A drill plan map showing the locations of drill hole collars and section lines is included below in the attached Section 107+00NE. Drill hole CB18-35B stopped within the fault zone and therefore did not penetrate the gold zone. In the following weeks, geologists will be planning an aggressive diamond drill hole program for the 2019 exploration season in order to fast-track the advancement of the Treaty Creek Project.
Tudor Gold will be displaying core samples and drill sections at booth #3314 at the Prospectors and Developers Association of Canada convention in Toronto March 3-6, 2019.

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https://orders.newsfilecorp.com/files/682/43074_39f1da8cb467c8d9_003full.jpgQA/QCIn 2016 and 2017, drill core samples were prepared and analyzed at Activation Laboratories Ltd. in Kamloops, BC. In 2018, drill core samples were prepared ALS Global’s Preparation Laboratory in Terrace, BC and assayed at ALS Global’s Geochemical Laboratory in North Vancouver, 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. Activation Laboratories and ALS Global Laboratories quality systems comply with the requirements for the International Standards ISO 17025: 2005.
QP
The Qualified Person for this new 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 holds 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.

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.comNeither 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 Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements including, without limitation, statements relating to the Goldstorm Zone as well as any other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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Posted in American Creek Resources Ltd. | Comments Off on $AMK.ca American Creek Reports that Tudor Gold Geologists Confirm Goldstorm Zone to Southeast as well as Northeast $TUD.ca $SEA.ca $SKE.ca

CLIENT FEATURE: GGX Gold’s 2018 Exploration Program at Gold Drop Demonstrates High Grade Potential $K.ca $GZD.ca $TUSK.ca $XIM.ca

Posted by AGORACOM at 9:14 AM on Wednesday, February 20th, 2019
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The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:

  • COD18-3: 14.62 g/t Au over 2.1 metres;
  • COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
  • COD18-28: 11.30 g/t Au over 0.51 metre;
  • COD18-33: 8.65 g/t Au over 2.98 metres;
  • COD18-34: 6.16 g/t Au over 3.41 metres;
  • COD18-37: 8.23 g/t Au over 3.95 metres;
  • COD18-45: 50.10 g/t Au over 2.05 metres;
  • COD18-46: 54.90 g/t Au over 1.47 metres;
  • COD18-49: 9.52 g/t Au over 1.47 metres;
  • COD18-54: 7.60 g/t Au over 1.66 metres.

The 2018 drilling program also tested the continuation of the Everest vein, which is located southwest of the COD vein work site. Chip samples collected in 2017 across the approximate 0.4-metre-wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver, while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (news release of Aug. 21, 2017).

The Everest vein 2018 drill holes are located approximately 350 to 800 metres south of the area of 2017 and 2018 COD vein drill holes. High gold intersections (core length) from the phase 3 drill program at the Everest vein include (news release of July 19, 2018, and Sept. 13, 2018):

EVE18-5: 10.55 g/t Au over 0.45 metre;

EVE18-12: 12.45 g/t Au over 0.85 metre.

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CLIENT FEATURE: Labrador Gold’s Shaw Ryan Targeting the Under Explored Gold Potential of the Province $MOZ.ca $SIC.ca $GR.ca

Posted by AGORACOM at 9:56 AM on Tuesday, February 19th, 2019
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  • Led by Shawn Ryan, who’s prospecting and soil geochemistry work led to the discovery of  White Gold, Coffee, and QV projects for a total of 7.5M ounces Au
  • White Gold’s geochemical sampling program led to successful drill program
  • Exploration has already outlined district scale soil anomalies on two projects in Labrador
  • Hopedale property contains the Florence Lake greenstone belt and the Hunt River, both of which are under-explored for gold
  • Florence Lake greenstone belt has a 40 KM strike length and includes Thurber Dog
  •  Preliminary soil geochemical results show arsenic anomalies in several areas
  • Arsenic is a pathfinder element when exploring for gold

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FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.

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Posted in Labrador Gold | Comments Off on CLIENT FEATURE: Labrador Gold’s Shaw Ryan Targeting the Under Explored Gold Potential of the Province $MOZ.ca $SIC.ca $GR.ca

CLIENT FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek, same system as Seabridge Gold $SA $SEA.ca $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM at 11:46 AM on Sunday, February 17th, 2019

AMK: TSX-V, OTCBB: ACKRF

  • Intersected various mineralized zones
  • Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
  • Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m

OTHER RECENT HIGHLIGHTS

  • Reported on First Two 2018 Holes at Treaty Creek Including 1.036 G/T Gold over 121.8 Meters and First Sighting of Visible Gold in Core Read More
  • Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More

View Presentation

FULL DISCLOSURE: American Creek Resources is an advertising client of AGORA Internet Relations Corp.

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Posted in American Creek Resources Ltd. | Comments Off on CLIENT FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek, same system as Seabridge Gold $SA $SEA.ca $SKE.ca $TUD.ca $PVG $MRO.ca

CLIENT FEATURE: GGX Gold’s 2018 Exploration Program at Gold Drop Demonstrates High Grade Potential $K.ca $GZD.ca $TUSK.ca $XIM.ca

Posted by AGORACOM at 9:18 AM on Thursday, February 7th, 2019
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The 2018 Exploration program Returned Results Including:

  • The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
    • COD18-3: 14.62 g/t Au over 2.1 metres;
    • COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
    • COD18-28: 11.30 g/t Au over 0.51 metre;
    • COD18-33: 8.65 g/t Au over 2.98 metres;
    • COD18-34: 6.16 g/t Au over 3.41 metres;
    • COD18-37: 8.23 g/t Au over 3.95 metres;
    • COD18-45: 50.10 g/t Au over 2.05 metres;
    • COD18-46: 54.90 g/t Au over 1.47 metres;
    • COD18-49: 9.52 g/t Au over 1.47 metres;
    • COD18-54: 7.60 g/t Au over 1.66 metres.

The 2018 drilling program also tested the continuation of the Everest vein, which is located southwest of the COD vein work site. Chip samples collected in 2017 across the approximate 0.4-metre-wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver, while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (news release of Aug. 21, 2017).

The Everest vein 2018 drill holes are located approximately 350 to 800 metres south of the area of 2017 and 2018 COD vein drill holes. High gold intersections (core length) from the phase 3 drill program at the Everest vein include (news release of July 19, 2018, and Sept. 13, 2018):

EVE18-5: 10.55 g/t Au over 0.45 metre;

EVE18-12: 12.45 g/t Au over 0.85 metre.

GGX HUB HOME  / CORPORATE PROFILE

FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp.

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Labrador Gold $LAB.ca Announces More Gold Anomalies at Its Hopedale Project

Posted by AGORACOM at 8:26 AM on Tuesday, February 5th, 2019
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  • Includes 2.86g/t gold in soils
  • In addition, over 1,000 soil samples with gold concentrations greater than the 90th percentile are considered anomalous and require detailed follow up.
  • LAB controls 57 km strike length of stratigraphy prospective for gold in the Florence Lake Greenstone Belt.
  • Detailed soil grids were placed over anomalous gold-in-soil targets with favorable geology and structure to develop specific targets for follow up leading to drilling

VANCOUVER, British Columbia, Feb. 05, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce results from detailed gold exploration of its Hopedale project in Labrador. The company controls a 57 kilometre strike length of stratigraphy prospective for gold in the Florence Lake Greenstone Belt. The exploration program at Hopedale followed up on successful results of 2017 work that outlined regional scale gold in soil and lake sediment anomalies along the length of the belt and included detailed soil sampling, geological mapping, rock sampling and prospecting.

Detailed soil grids were placed over anomalous gold-in-soil targets with favorable geology and structure to develop specific targets for follow up leading to drilling. A total of 10,594 soil samples were taken on 12 grids at a 100m line spacing and 25m sample spacing along the length of the belt. Assays of the samples returned gold values from below detection (<5ppb) to 2,860 ppb. Thirty-four samples returned values greater than 100ppb Au, with five of these samples grading greater than 1,000 ppb Au (1g/t). In addition, over 1,000 soil samples with gold concentrations greater than the 90th percentile are considered anomalous and require detailed follow up. Arsenic values range from less than detection to the upper limit of 10,000 ppm with 90 samples assaying greater than 1,000 ppm.  Antimony values ranged between 0.05 and 171.5 ppm with eight samples assaying greater than 100 ppm.

Elevated gold values were found in samples from all 12 grids although the highest concentrations of samples with anomalous gold are found in the Thurber Dog, Jasmine and Misery grids (See news release dated November 2, for initial results from the Misery and Jasmine grids). Anomalous gold is typically found along the contacts (often sheared) between ultramafic rocks and adjacent mafic, meta-sedimentary or felsic meta-volcanic rocks. In addition, elevated gold concentrations may be associated with specific structures such as a jog in stratigraphy in the northern Thurber Dog grid, a fold nose in the south of the Jasmine grid and an interpreted shear zone running through the Misery grid. These structures are commonly associated with sites of gold mineralization in greenstone belts elsewhere in the world.

Arsenic concentrations are highest along a 4km north-south trend in the Jasmine Grid where massive arsenopyrite was found. Antimony appears to be elevated along interpreted structure, often forming elongate anomalies parallel to such structures as seen on the Misery and Schist Lake grids.

“The latest results of detailed soil sampling at Hopedale continues to turn up gold values above 0.1g/t possibly related to near surface gold mineralization, said Roger Moss, President and Chief Executive Officer of Labrador Gold. “Our growing understanding of the geology and structure of the greenstone belt will allow us to focus on the most prospective areas during the coming field season which should be an exciting one for Labrador Gold.”

“With all the soils from last season now in, we can clearly see nicely defined linear gold trends, some over a kilometer in length, to follow up next field season,” said Shawn Ryan, Technical Adviser to Labrador Gold. “We are now compiling all the data gathered from the past 2 field seasons which includes over 11,000 soils, 400 + rocks, geological and structural mapping. This will be interpreted using the recent Geological Survey of Canada airborne magnetic survey flown last year, along with the historical magnetic surveys in the area. A detailed target Interpretation map will be completed in the next three weeks which will help rank anomalies for our Phase Three Summer 2019 follow up program.”

The company also announces that its major shareholder, Plethora Precious Metals Fund (‘Plethora”) has exercised 3,125,000 warrants. Plethora now holds 9,750,000 shares of the company representing 17.45% of the issued and outstanding shares. We appreciate the continued support of Plethora and their confidence in the exploration strategy of our technical team. Plethora’s principal, Douwe Van Hees, is not a related party of the Company.

All samples were dried in the field before being shipped to the Bureau Veritas preparation laboratory in Timmins, Ontario, with analyses completed at the Vancouver laboratory. Samples were analyzed for gold and another 36 elements by ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. The company routinely submits blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Hopedale property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO   
Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

@LabGoldCorp

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Monarch Gold $MQR.ca Intersects 17.26 g/t Au Over 1.95 Metres, Including 50.10 g/t Au Over 0.6 Metres, at its Croinor Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IAG $MUX

Posted by AGORACOM-JC at 8:20 AM on Monday, February 4th, 2019


  • 2018 drilling program increases the size of the Croinor Gold deposit, which remains open in all direction
  • Highlights from the additional 6,645-metre diamond drill program:
    • Hole CR-18-685: 17.26 g/t Au over 1.95 metres, incl. 50.10 g/t Au over 0.60 metres
    • Hole CR-18-676: 10.33 g/t Au over 1.75 metres, incl. 25.40 g/t Au over 0.65 metres
    • Hole CR-18-678: 40.50 g/t Au over 1.00 metre
    • Hole CR-18-683: 23.61 g/t Au over 1.60 metres, incl. 43.70 g/t Au over 0.65 metres

MONTREAL, Feb. 4, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the last assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project, 50 kilometres east of Val-d’Or, Québec.

“The 2018 diamond drilling program on the Croinor Gold property was a major success, as it enabled us to increase the size and gold content of the planned stopes, confirm and expand the two underground bulk sampling areas, extend the deposit to the east and west and at depth and establish that the deposit is still open in all directions,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “The next phase will focus on upgrading the deposit through infill drilling and drilling pure exploration holes to test high-potential targets on our 151-km2 property.”  

The initial 20,000-metre program started in March 2018 and focused on expanding and upgrading the Croinor Gold deposit. The program was completed in early September, with a total of 19,935 metres of core drilled in 89 holes. Given the positive results from that drilling program, the Corporation decided to drill another 8,300 metres, and managed to complete 6,645 metres in 18 holes before the winter freeze (see longitudinal). All the assays for the original program and the additional 6,645 metres of drilling have been received (see table below and press releases dated July 10, 2018, September 5, 2018, October 4, 2018 and January 15, 2019, for a compilation of the 2018 drill results).

Hole CR-18-685 returned 17.26 g/t Au over 1.95 metres, including 50.10 g/t Au over 0.6 metre, 315 metres below surface. This hole was drilled 30 metres west of hole CR-18-676, and is 30 metres down dip from hole CR-11-407 and 45 metres up dip and to the east of hole CR-15-441. The two nearby historical holes combined with these two new holes will create a new stope in the western part of the deposit, extending the mineralization westward while keeping the deposit open to the west. The closest stope to these holes is 125 metres to the east.

Hole CR-18-676 returned 10.33 g/t Au over 1.75 metres, including 25.40 g/t Au over 0.65 metres. It was drilled to follow up on hole CR-18-583, drilled during the initial drilling program 20 metres west of hole CR-18-676 and 30 metres east of hole CR-18-685. CR-18-676 was drilled down dip, parallel to the host diorite, and intersected multiple mineralized zones within the diorite, as shown in the table below.

Hole CR-18-678 returned 40.50 g/t Au over 1.00 metre. It is located 20 metres west from a planned stope, 250 metres below surface and 25 metres west of hole CR-18-672, another hole added based on the positive results from the initial program.

Finally, hole CR-18-683 returned 23.61 g/t Au over 1.60 metres, including 43.70 g/t Au over 0.65 metres. It is located 8 metres west of a planned stope, thereby increasing the stope’s size and gold content.

Results from the additional 6,645 metres of drilling on Croinor Gold

Hole Length From To Width* Grade Area
Number (m) (m) (m) (m) (g/t Au) Targeted
CR-18-672 340 239.3 240.0 0.7 5.17 Deposit
251.4 252.0 0.6 9.37
261.6 263.6 2.0 11.24
Including 261.6 262.6 1.0 22.00
CR-18-673 424 264.7 266.7 2.0 10.46 Deposit
Including 264.7 265.7 1.0 19.25
273.0 273.7 0.7 9.67
305.8 306.3 0.5 9.31
CR-18-674 319 298.5 299.6 1.1 1.72 Deposit
CR-18-675 319 260.6 261.6 1.0 10.15 Deposit
CR-18-676** 751 27.4 30.25 2.85 2.20 Deposit
55.75 58.5 2.75 7.46
Including 55.75 56.3 0.55 10.75
Including 58.0 58.5 0.5 12.30
62.5 64.1 1.6 6.01
Including 63.6 64.1 0.5 11.15
76.3 76.8 0.5 5.78
84.7 85.3 0.6 22.20
255.6 256.1 0.5 8.47
274.95 278.9 1.8 6.12
Including 274.95 275.55 0.6 11.85
286.6 288.2 1.6 3.80
298.0 298.5 0.5 5.82
300.75 301.35 0.6 11.25
368.1 369.85 1.75 10.33
Including 368.6 369.25 0.65 25.40
374.15 377.0 2.85 7.64
Including 376.0 376.5 0.5 16.25
378.2 379.4 1.2 4.38
CR-18-678 325 265.5 268.4 2.9 15.07 Deposit
Including 266.4 267.4 1.0 40.50
CR-18-679 400 252.2 254.8 2.6 3.17 Deposit
CR-18-680 280 181.5 182.6 1.1 2.36 Deposit
CR-18-681 352 214.2 216.2 2.0 6.26 Deposit
Including 215.2 216.2 1.0 10.55
255.8 256.3 0.5 5.29
CR-18-683 301 216.15 217.85 1.6 23.61 Deposit
Including 216.15 216.8 0.65 43.70
Including 217.35 217.85 0.5 18.70
233.15 234.2 1.05 9.43
Including 233.65 234.2 0.55 14.00
CR-18-684 502 374.1 375.15 1.05 1.21 Deposit
CR-18-685 352 257.0 258.95 1.95 17.26 Deposit
Including 258.35 258.95 0.6 50.10
CR-18-686 460 360.0 361.0 1.0 2.07 Deposit
CR-18-687 400 318.6 320.6 2.0 1.98 Deposit
CR-18-690 352 298.7 299.2 0.5 0.08 Exploration
CR-18-691 262 No significant values Exploration
CR-18-693 250 94.4 94.9 0.5 0.37 Exploration
CR-18-694 256 70.9 71.5 0.6 0.61 Exploration
*The width shown is the core length. True width is estimated to be 90-95% of the core length.
**Hole CR-18-676 was drilled down dip, parallel to the diorite, to test for the presence of multiple directions of quartz veining. The width shown is the core length. True width is estimated to be 30-35% of the core length.

The Croinor Gold deposit is hosted in a sheared diorite sill three kilometres long by 60-120 metres wide, striking 295 degrees north and dipping 50-65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins.

Sampling normally consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or, Quebec for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the gravity method, and samples containing visible gold grains are assayed using the metallic sieve method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-intersects-17-26-gt-au-over-1-95-metres-including-50-10-gt-au-over-0-6-metres-at-its-croinor-gold-project-300787811.html

SOURCE Corporation Aurifère Monarques

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/04/c0504.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2019

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$HPQ.ca Completes Beauce Gold Fields $BGF.c Plan of Arrangement Spin Out; BGF Shares to Start Trading on the TSX Venture Exchange on February 4, 2019

Posted by AGORACOM-JC at 9:54 AM on Friday, February 1st, 2019
  • Advises shareholders that it has received confirmation from the TSX Venture Exchange that effective at the opening on Monday, February 4, 2019,
  • the common shares of Beauce Gold Fields Inc. will commence trading on TSX Venture Exchange under the symbol BGF.

MONTREAL, Feb. 01, 2019 — HPQ Silicon Resources Inc. (HPQ) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to advise shareholders that it has received confirmation from the TSX Venture Exchange that effective at the opening on Monday, February 4, 2019, the common shares of Beauce Gold Fields Inc. (the “Company” or “BGF”) will commence trading on TSX Venture Exchange (the “Exchange”) under the symbol BGF.

BGF was incorporated under the Canada Business Corporation Act on August 1, 2016, primarily for the purpose of carrying out a spinout by way of a plan of arrangement (the “Arrangement”) with HPQ Silicon Resources Inc. (TSXV: HPQ) (“HPQ”), of which the certificate of arrangement was issued on November 23, 2018.

Pursuant to the Arrangement, HPQ completed the disposition of its gold assets (the “Transferred Assets”) to BGFI in consideration of the issuance of an aggregate of 13,350,000 BGFI common shares (the “BGFI Shares”), of which 10,680,000 BGFI Shares were distributed to the shareholders of HPQ.  HPQ distribution notice was accepted pursuant to the Exchange bulletin dated December 18, 2018.

On the day of listing, HPQ will own 2,870,133 shares of BGF, or 15.3% of the outstanding float of BGF.

Mr. Bernard Tourillon, President and CEO of HPQ Silicon Resources Inc stated, “The listing of Beauce Gold Fields on the TSX Venture Exchange is the final step in HPQ plan of arrangement spin out, and we are now happy to have completed this milestone that provided HPQ shareholders shares in BGF, a Company created to showcase the Beauce Gold project, a fantastic but overlooked historical placer gold district. The Beauce is Canada’s last underexplored historical placer mining camp. It’s similar to the White Gold projects in the Yukon or the Cariboo district in B.C., that were both placer gold mining camps as well, but recently had major gold discoveries as placer to hard rock exploration projects.”

For further information, please refer to the news releases of HPQ-Silicon dated March 11, 2016, May 4, 2016, Sept. 7, 2016, Sept. 16, 2016, March 31, 2017, Feb. 8, 2018, June 13, 2018, Aug. 17, 2018, Oct. 4, 2018, Oct. 11, 2018, Dec. 12, 2018, Dec. 17, 2018, and Dec. 18, 2018.

This News 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. 

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company focuses on becoming a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)”, a truly 2.0 Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the costs associated with the transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

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.

For further information, contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com

Shares outstanding: 222,284,053

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