Agoracom Blog Home

Posts Tagged ‘gold’

Liberty Star’s CEO James A. Briscoe Updates the Hay Mountain Project $LBSR.us

Posted by AGORACOM-JC at 2:40 PM on Thursday, June 23rd, 2016
Lsumlogo_with_slogan2_20130730
  • Drillers are on standby and the necessary paperwork is in hand
  • Company wants to get to Hay Mountain Drill Target One ASAP

TUCSON, AZ–(June 23, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) is pleased to announce that Company CEO/Chief Geologist James A. Briscoe summarized exploration activity at the Hay Mountain Project over the weekend. The “Update on the Hay Mountain Project” was originally posted on the Liberty Star website on June 18 and shared on Agoracom.com that day.

Comments Mr. Briscoe: “While nothing in the update is brand new, it summarizes what we have found using well-established practices and new technologies in mining exploration. Our methodology offers reaffirming conclusions through different practices. In other words, we started with geochem as a baseline for finding targets which was confirmed and refined through geology, geophysics (ZTEM) and surface x-ray fluorescence (XRF instrumentation). It is my hope that the update clarifies our methodologies and conclusions. To that end, included in this summary are Internet links to various data that can also be found on our web site.

From CEO James A. Briscoe: Update on the Hay Mountain Project (Published June 18, 2016)

This is an exciting time for Liberty Star. I am ready, our field manager, Jay Crawford, is ready, the drillers are on standby and the necessary paperwork is in hand. We want to get to Hay Mountain Drill Target One ASAP.

As we have stated in numerous public reports, the data from geochem, geophysics and fieldwork with x-ray fluorescence for the Hay Mountain Project has been gathered and analyzed by me and other geosciences experts. I want to summarize and explain in simple terms what we have found and have reported previously:

  1. A viable target is indicated by our multiple geoscientific studies from the air and on the ground. This has been verified by independent geoscientists and follows the Lowell-Guilbert porphyry copper model.
  2. The presence of silicification and brecciated (broken) silicified limestone with leached capping, as well as breccia pipes with fluidized rounded clasts (fragments), characteristic of all porphyry coppers, but were unknown to the area prior to our fieldwork in the fall of 2015. These outcrops are occurring in the main porphyry copper alteration zone mapped according to the geochemical and geophysical studies.
  3. As recently as October/November 2015, field work with an x-ray fluorescence instrument (Niton XL3t Goldd+ XRF Analyzer from Thermo Fisher Scientific) has found high grade pods of copper oxide (malachite) emanating from oxidized chalcopyrite (“Recent Field Work at Hay Mtn Project,” 09/24/2015), which is the normal copper sulfide mineral in porphyry copper bodies in this region over the area where previously derived geochemical highs exist. Such surface covers about two linear miles where there is outcrop.
  4. We believe this disseminated copper is actually the top of the porphyry copper mineral body as detected by geochem and geophysics — and the geophysics trace it downward to approximately 6,000 feet below the current surface. We interpret it is the low-grade upper part of our target that is outcropping.
  5. Gold — Because the Lowell-Guilbert porphyry copper model was tested and verified on numerous porphyry copper deposits throughout the world, we know the center metals of the model and our terrain under study include iron (magnetite), potassium (as potassium feldspar) gold, and moly. Other disseminated metal rings form around the center. The following must be tested to be confirmed:
    1. We see the moly, lead and gold geochem values in vegetation at the porphyry center. It is possible the gold in the center could be occurring at the surface either as submicron (Carlin-style) or finely disseminated, but not submicron.
    2. Thus, gold could be minable at and/or near the surface and processed by heap leaching or other standard processes.

Because this is a hypothesis, it needs to be tested by drilling and sampling. This will be done, at least in part, by our planned drilling program. We have not yet ascertained whether the Hay Mountain land package possesses commercially viable deposits of copper, molybdenum, gold, silver, lead, zinc, manganese and other metals including rare earth elements, uranium and thorium but data to date suggests it does. We have not identified any ore reserves to date. We have no way of finding out any of this without drilling.”

[Originally posted: http://www.libertystaruranium.com/2016/06/18/ceo-james-briscoe-update-hay-mountain-project/]

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About Liberty Star Uranium & Metals Corp.

Liberty Star Uranium & Metals Corp. is engaged in the acquisition and exploration of mineral properties in the States of Arizona and southwest USA. The Company’s website address is www.libertystaruranium.com.

Forward-Looking Statements

Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016, as updated from time to time in our filings with the Securities and Exchange Commission, most recently in the Company’s Quarterly Report for the period February 1, 2016 to April 30,2016. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
[email protected]

American Creek Closes Two JV Transactions With Tudor Gold Corp $AMK.ca

Posted by AGORACOM-JC at 5:59 PM on Tuesday, June 14th, 2016

  • Announced that it has now completed the sale to Tudor Gold Corp. (TSX VENTURE:TUD) of certain of its interests in the Electrum property and the Treaty Creek property, both of which are located in the “Golden Triangle” in NW British Columbia

CARDSTON, ALBERTA – (June 14, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek“) is pleased to announce that it has now completed the sale to Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor“) of certain of its interests in the Electrum property and the Treaty Creek property, both of which are located in the “Golden Triangle” in NW British Columbia (refer to our previous news release dated May 11, 2016).

Pursuant to a joint venture agreement entered into with Tudor, American Creek sold an undivided 60% interest in its Electrum property in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash. Tudor also invested $250,000 into American Creek by way of a private placement under which American Creek issued 3,125,000 shares at a price of $0.08 per share to Tudor. All shares issued under this agreement are subject to both a 4 month statutory/regulatory hold period as well as a voluntary hold period which expires May 10, 2017. A 60/40 joint venture has now been formed and Tudor is the operator of the project.

Pursuant to a separate joint venture agreement entered into with Tudor and Teuton Resources Corp. (“Teuton“), American Creek sold an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. A joint venture has now been formed with Tudor holding a 60% interest and each of American Creek and Teuton holding a 20% interest in the joint venture. Both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture. Tudor is the operator of the project. Under the terms of the agreement, Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. All shares issued under this agreement are subject to both a 4 month statutory/regulatory hold period as well as a voluntary one year hold period.

Darren Blaney, American Creek’s CEO, states: “We are pleased to have closed these two JV transactions with Walter Storm’s Tudor Gold Corp. We are very much looking forward to the advancement of both the Treaty Creek and Electrum projects.

The Treaty Creek property is located immediately adjacent to, and on geological trend with Seabridge Gold’s KSM project and north of the Pretivm Resources Brucejack project. The Sulphurets Thrust Fault, which has been identified by BC government geologists as being related to all of Seabridge’s KSM property gold-copper deposits, continues northeast through the Treaty Creek property.

The Electrum property is located approximately 45km north of Stewart, British Columbia, near past operating mines including the Riverside, Scotty Gold, Granduc, Big Missouri and Silbak-Premier. The Electrum is road accessible and is only 45km from recently upgraded concentrate shipping port facilities located in Stewart. A new electrical power line currently being constructed by Pretivm Resources runs right up the valley beside the Electrum project and may provide a future source of power. The Electrum property encompasses the historic East Gold Mine which has produced extremely high grades of gold, silver and electrum in the past, over 25 years of small-scale hand mining. Past work completed by American Creek has identified several areas on the property which contain very high grade gold and silver vein systems.

About American Creek
American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Further information relating to American Creek is available on its website at www.americancreek.com

This press release was prepared by management who takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.

Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

Liberty Star Extends Warrants’ Expiration Date by Three Years $LBSR.us

Posted by AGORACOM-JC at 11:45 AM on Wednesday, June 8th, 2016

Lsumlogo_with_slogan2_20130730

  • Announced that the expiration date of certain previously issued warrants has been extended by three years.
  • Expiration date of any warrant issued by Liberty Star between May 1, 2013 and May 1, 2016 that was outstanding on May 1, 2016 has been extended for an additional three years.

TUCSON, AZ–(June 08, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) today announced that the expiration date of certain previously issued warrants has been extended by three years.

The expiration date of any warrant issued by Liberty Star between May 1, 2013 and May 1, 2016 that was outstanding on May 1, 2016 has been extended for an additional three years. All other terms of the warrants, including the exercise price, remain unchanged. In addition, all terms of warrants issued prior to May 1, 2013 or after May 1, 2016, including the expiration date, remain unchanged.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About Liberty Star Uranium & Metals Corp.

Liberty Star Uranium & Metals Corp. is engaged in the acquisition and exploration of mineral properties in the States of Arizona and southwest USA. The Company’s website address is www.libertystaruranium.com.

Forward-Looking Statements

Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016, as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook, LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar

or

Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
[email protected]

Explor Increases Kidd Township Property $EXS.ca

Posted by AGORACOM-JC at 4:13 PM on Monday, June 6th, 2016

Exs_logo

  • Announced the acquisition of 1 patented claim totalling 64.7 hectares situated in the Porcupine Mining division, District of Cochrane, Carnegie Township, Ontario. This additional claim is northwest of the Glencore Kidd Creek Mine
  • Will pay a total of $6,000 and issue 200,000 common shares for an Option to acquire a 100% interest in the additional Kidd Township patented claim. The seller has retained a 2.0% NSR in the property.

ROUYN-NORANDA, QUÉBEC–(June 6, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 1 patented claim totalling 64.7 hectares situated in the Porcupine Mining division, District of Cochrane, Carnegie Township, Ontario. This additional claim is northwest of the Glencore Kidd Creek Mine.

Explor Resources Inc. will pay a total of $6,000 and issue 200,000 common shares for an Option to acquire a 100% interest in the additional Kidd Township patented claim. The seller has retained a 2.0% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

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. This additional claim is north to the Kidd Township property, and approximately one kilometer Northwest of the Glencore Kidd Creek Mine site. This acquisition increases Explor’s land position in the area to 2,805.20 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.

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 southwest 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. Explor Resources Inc. is currently conducting an exploration and drill program on the Kidd Township property. Results are pending.

The newly acquired claim is approximately 1 km to the Northwest of the Glencore Kidd Creek Mine Site. Clearly, the newly acquired claim appears to be on the same Syn-volcanic Collapsed Structure as the Glencore Kidd Creek Mine and the Glencore Chance Deposit. The Glencore Kidd Creek Mine located to the South-east of the newly acquired property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966.

This acquisition is being made in support of Explor’s belief 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 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

Liberty Star Conducts Private Placement $LBSR.us

Posted by AGORACOM-JC at 4:17 PM on Friday, June 3rd, 2016

Lsumlogo_with_slogan2_20130730

  • Announced today that it will be conducting a private placement of its securities
  • Offering consisting of one share of its common stock and a warrant to purchase an additional half share of common stock, which may be exercised for 36 months at an exercise price of $0.004, at a price of $0.004 per Unit.
  • Total offering is for a maximum amount of $2 million. The offering will remain open until the $2 million has been raised or two months have transpired, whichever comes first

TUCSON, AZ–(June 03, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) announced today that it will be conducting a private placement of its securities.

The Company is offering “Units” consisting of one share of its common stock and a warrant to purchase an additional half share of common stock, which may be exercised for 36 months at an exercise price of $0.004, at a price of $0.004 per Unit. The total offering is for a maximum amount of $2 million. The offering will remain open until the $2 million has been raised or two months have transpired, whichever comes first.

The proceeds of the offering will be used to place the Company’s drill in the ground for Phase 1 of the Hay Mountain Project.

Our Units are being offered in the United States pursuant to Rule 506(b) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”). The Units have not been registered under the Securities Act and will consist of restricted securities as that term is defined in Rule 144 of the Securities Act. The Units may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements in accordance with the state and federal securities laws. The Units may not be offered or sold in any state in which such offer or sale is prohibited.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Units, nor shall there be any sale of the Units in any state or jurisdiction in which such offer, solicitation, or sale is unlawful. Any offers of the Units will be made only by means of our complete private offering documentation. The press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company’s 10K Annual Report filed May 17, 2016 and other filings made by the Company with the U.S. Securities and Exchange Commission.

Explor Increases Ogden Property $EXS.ca

Posted by AGORACOM-JC at 8:40 AM on Friday, May 27th, 2016

Exs_logo

  • Announces the acquisition of 1 mining claim (2 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario
  • Claim is located in Ogden Township to the north of the Ogden Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins

ROUYN-NORANDA, QUEBEC–(May 27, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 1 mining claim (2 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. This claim is located in Ogden Township to the north of the Ogden Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins.

Explor Resources Inc. will pay CDN $6,000 and issue 60,000 common shares to acquire a 100% interest in the additional Ogden claim. The optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, the Ogden property now consists of 9 mining claims (72 mineral claim units) covering 1,152 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. The Ogden property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length. Explor has completed a drill program on the Ogden Property and results are pending.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

The Ogden Property is contiguous on the east side of the Timmins Porcupine West Property. The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.

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. 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
www.explorresources.com
[email protected]

FEATURE:Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Posted by AGORACOM-JC at 10:45 AM on Friday, May 20th, 2016

AMK: TSX-V, ACKRF: OTC Pink

WHY AMERICAN CREEK RESOURCES?

  • Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
  • 20% fully carried interest
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

RECENT HIGHLIGHTS

  • Entered into two separate joint venture agreements with Tudor Gold Corp. (TSX VENTURE:TUD) (Read Release)
  • Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
  • Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
  • TSX Venture Exchange approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. Read Our Recent Blog

Exceptional Properties

Electrum Gold-Silver Property, British Columbia – 100% owned

The Electrum property has a rich history with some of the highest grade hand-mined ore mined in North America combined with excellent logistics. The property is located directly between two high-grad vein gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017).All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

The Electrum Property holds significant potential to attract mining companies when considering its high-grade nature combined with the exceptional logistics in place.

  • Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri.It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
  • Located in a particularly rich valley with 4 past producing commercial mines and a 5th in the adjacent valley.
  • Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tone (roughly 50oz gold with 75oz silver).
  • Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
  • Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine as well.
  • Exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, with numerous silver intervals of 583g/t, 501 g/t, 420 g/t, 384 g/t in core, and surface samples of 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.
  • A very successful program was run in 2015 wherein:
    • A new approach focusing on high-grade was employed very successfully
    • A new zone of gold / silver mineralization was discovered
    • A better understanding of the property geology was obtained
    • Surface samples from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold



  • The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
  • Excellent logistics including road access, power located 2 km away and a bulk tonnage shipping port and supportive mining town located just40 km away in a mining friendly jurisdiction.

The high-grade ELECTRUM PROPERTY recently had a program run on it. CLICK HERE for the Electrum presentation and HERE for the 2015 drill program presentation. The highly mineralized gossans on the Electrum are shown in the image at the top of this page.

2015 Drill Program Presentation

Treaty Creek Gold-Copper Property, British Columbia – 51% Joint Venture

Treaty Creek Property


Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world.KSM has just past the environmental and permitting stage while the Brucejack is in construction phase.
Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on the neighbours claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.

The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.

Durango Announces Update, Generates New Targets At Whitney Northwest $DGO.ca

Posted by AGORACOM-JC at 10:57 AM on Monday, May 16th, 2016

Logo

  • 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. (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. (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. (3)Yungwirth, F.P. (1989). Moneta Porcupine Mines Inc – Report on reverse circulation overburden drilling – MGM-87 Project – Goose Lake Claims.
  4. (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.

INTERVIEW: Liberty Star Discusses Use of Titan R-40 Drill Rig $LBSR.us

Posted by AGORACOM-JC 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.

Hub On AGORACOM / Watch Interview

American Creek’s JV Partner Begins Trading on TSX Venture Exchange $AMK.ca $TUD.ca

Posted by AGORACOM-JC at 9:40 AM on Thursday, May 12th, 2016

AMK: TSX-V, ACKRF: OTC Pink

  • Announce that Tudor Gold Corp. (“Tudor”), American Creek’s new joint venture partner on both the Treaty Creek and Electrum projects is now trading on the TSX-V under the symbol “TUD”.
  • Entered into two separate JV agreements with Tudor (as announced yesterday) and will receive shares of Tudor as consideration in both agreements.

CARDSTON, ALBERTA–(May 12, 2016) – American Creek Resources Ltd. (“American Creek“) (TSX VENTURE:AMK) is pleased to announce that Tudor Gold Corp. (“Tudor”), American Creek’s new joint venture partner on both the Treaty Creek and Electrum projects is now trading on the TSX-V under the symbol “TUD”.

American Creek entered into two separate JV agreements with Tudor (as announced yesterday) and will receive shares of Tudor as consideration in both agreements. The terms of the two agreements are summarized below:

Pursuant to the first agreement, American Creek will sell an undivided 60% interest in its Electrum property located in NW British Columbia in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash on receipt of all regulatory approvals. Tudor has also agreed to invest $250,000 into American Creek pursuant to a private placement at a price of the greater of $0.08 per share or the discounted market price as defined by Exchange policy. A 60/40 joint venture will be formed and Tudor will be operator of the project.

Pursuant to the second agreement, American Creek will sell an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. A joint venture has been formed with Tudor holding a 60% interest and each of American Creek and Teuton Resources Corp. (“Teuton”) holding a 20% interest in the joint venture. However, both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture.

American Creek wishes to further define and clarify the term “fully carried” as it pertains to the Treaty Creek Project JV Agreement. “Fully carried” means that American Creek will not have to expend exploration funds to advance the Treaty Creek project through the exploration phase up until the point that a production notice is given by the operator. This means that American Creek will not need to raise exploration capital for the project and therefore will not need to suffer further dilution related to the exploration advancement of the project.

Tudor is arm’s length to American Creek. These transactions are subject to TSX-V approval.

Darren Blaney, President & CEO, stated: “We are pleased that Tudor Gold Corp. has received regulatory approval to begin trading. With Walter Storm’s past track record of success, in particular with Osisko Mining Corp., we have the utmost confidence in both his ability and vision for the advancement of the Treaty Creek and Electrum properties. We are very much looking forward to working together.

The Electrum property is located in the “Golden Triangle” of NW British Columbia and encompasses the historic past producing East Gold Mine. The property is road accessible and is only 45 km from recently upgraded concentrate shipping port facilities located in Stewart. The East Gold Mine produced extremely high grades of gold, silver and electrum in the past.

The Treaty Creek property is also located in the “Golden Triangle” immediately adjacent to Seabridge’s KSM project and near Pretivm’s Snowfield/Valley of the Kings deposits. The Treaty Creek property lies within the same broad hydrothermal system that generated the several deposits on the Seabridge and Pretivm properties that lie south of the Treaty Creek claims.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada. Further information relating to American Creek is available on its website at www.americancreek.com.

Information related to the Corporation can also be found on the American Creek investor hub profile page at www.agoracom.com.

Darren Blaney, CEO & Director

This press release was prepared by management who takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040