Posted by AGORACOM-JC
at 7:23 PM on Monday, May 17th, 2021
Announced as of April 30, 2021, its unaudited net asset value per share was $1.22
Announcement is made based on ThreeD’s newly established practice of releasing NAV on a monthly basis as part of the Company’s ongoing response to shareholder interest in receiving periodic information
TORONTO, May 17, 2021 — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at April 30, 2021, its unaudited net asset value per share (“NAV”) was $1.22.
This announcement is made based on ThreeD’s newly established practice of releasing NAV on a monthly basis as part of the Company’s ongoing response to shareholder interest in receiving periodic information. NAV is calculated based on unaudited month-end financial information.
Use of Non-GAAP Financial Measures:
This press release contains references to NAV or “net asset value per share” which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company’s performance, and may assist in the evaluation of the Company’s business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company’s future performance or the NAV of the Company as at any future date.
Posted by AGORACOM
at 8:09 PM on Sunday, May 16th, 2021
This is is she summer where Beauce could prove through drilling it has located the hardrock source of Canada’s 1st gold-rush, one that pre-dates the Yukon and responsible for 2 of the largest nuggets found in Canada.
If they are successful they may be on to a major discovery.
What is surprising is that no one ever thought to explore the iconic historical placer deposit this way previously, even though it has been well known for 150 years. Beauce believes it has unlocked the geological puzzle that supported commercial placer production without ever understanding where the gold came from.
The project area has been exploited, but never systematically explored. Beauce has diligently carried out work over the years leading to this moment. With the first reported discovery of multiple gold bearing bedrock structures, Beauce believes they have found the likely source of the placer gold nuggets that supported the historic gold rush.
President & CEO of Beauce Gold ( BGF:TSXV ) Patrick Levasseur speaks to the importance of their recent discovery and what the future holds for this exciting SmallCap gold project.
Posted by AGORACOM
at 4:23 PM on Thursday, May 13th, 2021
St Georges is advancing 2 projects in Quebec focused on Batttery Metals ( Nickel, Cobalt, Palladium). SX also owns all the active mineral exploration licenses in Iceland with a focus on Gold & Geothermal power, has 19M in cash & investments ( Iconic, Zeus ThreeD, Altair Int. ) and recently created a subsidiary focused solely on the recycling of EV batteries to recover valuable elements. It’s called EVSX.
It is no wonder insiders own close to 17%
It has everything to do with metals. SX is embarking on a very large program that is going to have them drilling for Battery & Platinum Group Metals as they search Quebec for an economic discovery. The Julie Nickel project is going to be drilled this year and probably into next, supplying the market and investors with steady stream of information as they track down a discovery. The Manicouagan Palladium project, also in Quebec, will see enough drilling to develop a Maiden NI 43-101 resource.
St. George Eco Mining (CSE: SX) (OTC: SXOOF)) Interim President & CEO, Herb Duerr sits down to discusses 2021 exploration and its importance to shareholders.
Posted by AGORACOM-JC
at 4:03 PM on Thursday, May 13th, 2021
In search of Canada’s next gold discovery, Manitou Gold MTU:TSXV) sees billion dollar deposit potential on their Goudreau project in Northern Ontario. Specifically, the area known as the The Baltimore Deformation Zone ( think Destor -Porcupine fault and and Gold camp it has become), and you see why management believes they have multiple shots at finding a billion dollar deposit. The Baltimore Zone has a 10 km trend that has never been systematically explored, it is going to take allot of drilling and Manitou is prepared; having just tripled their program to 30, 000 meters, for now.
If that isn’t enough to garner your attention, Manitou isn’t doing it alone. Supported by 2 majors in Alamos (AGI) and O3 Mining (OIII ) who are providing Board representation, treasury support and technical guidance. Manitou is very close to making a discovery of importance much quicker than most market watchers may realize, until now.
Lastly, Manitou isn’t alone in the area. They are surrounded by Majors, one who also happens to be Alamos, operator of the high grade Island Gold Mine and Manitou partner. Argonaut Gold (AR) are preparing for production in 2023.
Richard Murphy CEO sits down to explain why Manitou is the next Smallcap stock.
Posted by AGORACOM
at 8:17 AM on Monday, April 19th, 2021
St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to disclose that it has entered a binding term sheet to secure the site and building for its proposed battery recycling plant in the deep seaport of Baie-Comeau on the Québec North Shore.
The parties will have 30 days to finalize and execute a long-form agreement conditional on the positive outcome of the feasibility study already underway. Part of the binding agreement concerns the access to the engineering expertise that will allow the Company to have trained professionals working in the facilities from day one of operations planned for later this year.
Important milestone reached allowing equipment vendors to share information with the newly secured engineering team to accelerate the design of the Baie-Comeau proposed electric vehicle, or EV, battery recycling plant with a target phase 1 production capability of 10,000 annual metric tonnes.
The agreement, a long-term lease with an option to buy the targeted plant, was executed on April 16, 2021, and calls for a long-form agreement to be signed within 30 days. Additionally, a long-form engineering and technical services agreement, with the option to acquire the engineering firm, Roberge Industries Inc., will be included in the final agreement.
St-Georges will design the battery recycling plant to be modular and preassembled to reduce construction and installation costs, timelines, and other challenges. The approach is to have a universal battery recycling plant that can use the procedures for process, safety, and maintenance anywhere in the world, including maintenance management systems with a technology allowing real-time auditing and the generation of tradeable carbon credits as well as machine learning management systems allowing real-time optimization of the process as well as the output based on market needs.
Posted by AGORACOM-JC
at 9:12 AM on Friday, April 16th, 2021
Fabled has been very busy positioning the company for future growth as an expanded drill program at the 100% controlled Santa Maria Project in Mexico was just announced, as well as consolidating its Northern B.C. copper assets in order to coordinate a 2021 exploration program.
The mining friendly jurisdiction of Parral has produced over 250M oz silver. Moreover, multiple major operators are in the vicinity (Grupo Mexico borders the property), and three toll mills are within a 20 km distance.
This is where Fabled’s project comes into play. Santa Maria is a high grade underground mine with a rich mining history and a Silver Equivalent 43-101 with 3.2million ounces Indicated and 1.1m inferred.
Surprisingly, Santa Maria has never been systematically explored with modern methods, until now. Armed with recent drill success from the first holes ( 10 Ounces of Silver over 6m ) Fabled is increasing their program from 8000 to a minimum of 9200m to drill from underground to firm up the known resource, and for “Blue Sky drilling” to explore the numerous anomalies unexplored on the property capable of demonstrating discovery potential.
CEO Peter Hawley, Fabled’s CEO breaks down the multiple events impacting shareholders.
Posted by AGORACOM
at 7:58 AM on Friday, April 16th, 2021
Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX) (OTCBB:CMETF) (SSE:CMX) (MILA:CMX) has arranged a non-brokered private placement of $2,000,000 dollars, with $1,000,000 being done via issuance of 4,000,000 common shares at $0.25 and $1,000,000 in Flow-through Shares issued at $0.40 per share comprising of 2,500,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).
The Company intends to pay brokers fees and broker warrants in conjunction with the transaction. Any broker warrants issued on the hard dollar financing will be exercisable at $0.25 per share for 18 months from date of close and any broker warrants issued on the flow-through will be exercisable at $0.40 per share for 18 months. The Financing is subscribed for and is expected to close on April 23, 2021. The closing of the Financing is subject to the approval of the TSXV.
“The additional capital will enable us to commence our initial drill program at our recently acquired option on the NISK Nickel project in James Bay Quebec. Our objective would be to provide an updated 43-101 in late Q3 or early Q4. We are excited about NISK potential to provide a high-grade Nickel Copper Cobalt Palladium project that would be well received in a market where Battery Metal pricing looks better and better!” commented Chilean CEO Terry Lynch.
Funds will also be used in the Company’s proposed Plan of Arrangement. As previously announced Chilean Metals will be changing its name to Power Nickel Inc. and will focus its efforts on the exploration and development of the Nisk project. On February 1, 2021 Chilean Metals completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corporation (TSX-V:CRE, OTCQX: CRECF, FSE:F12). These estimates at the Nisk project are of a historic resource and the Company’s geologic team has not completed sufficient work to confirm a NI 43-101 compliant resource. Therefore, the estimates cannot, and should not be relied upon.
Table ‑1: Historical Resource Estimate figures for respective confidence categories at the NISK-1 deposit, After RSW Inc 2009: Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec.
Posted by AGORACOM
at 8:06 AM on Thursday, April 15th, 2021
Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announce that it has increased the on-going 8,000 meter drill program to a minimum of 9,200 meters.at the “Santa Maria” Property in Parral, Mexico.
The extra 1,200 meter drill program has been awarded to Maza Drilling who is currently performing the surface drilling and has underground diamond drilling machines capable of drilling HQ size, (2.5 inches) drill core.
This program will be focused underground to delineate the Santa Maria Central Structure with multi underground drill stations being prepared, see Figure 1.
Peter J. Hawley, CEO and President, states, “As we advance the surface drill program and compile these findings into our data base and remodel the mineralized bodies with respect to orientation of structure, width, grade and predictability we are now ready to start at the same time to delineate the central sector of the Santa Maria structure. This cost-effective measure allows us, from underground, to drill with a second machine and determine the true width to the hanging wall and foot wall of the structure and also begin to infill drill the resource area to increase the confidence level of the various resource categories.”
Figure 1: Longitudinal Section of Central Santa Maria Structure
The Company has completed drill holes SM20-01 – 12 for a total of approximately 3,000 meters of the now increase 9,200 meter drill program completed to date. Holes SM20-8B, (resampled) and SM20-10, 11 have been sampled and submitted to ALS Chihuahua Laboratory for analysis. Hole SM20-12 has been completed and is in the process of being sampled, Hole SM20-13 is currently in progress.
Posted by AGORACOM
at 7:57 AM on Thursday, April 15th, 2021
Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce additional assay results from its ongoing 10,000 metre drill program on its 100% owned Goudreau Project located along the eastern portion of the regional Baltimore Deformation Zone (the “BDZ”) in Northeastern Ontario.
Highlights of drill results are from the Stover Zone, which is within the Company’s Goudreau Project, where the Company is reporting assay results from an additional three drill holes that significantly expand known gold mineralization along strike, to 400 metres, and down-plunge to 500 metres.
Highlights:
Step-down and step-out drilling at the Stover Zone expands gold mineralization to 400 metres along strike and to 500 metres down-plunge, the highlights of which include:
5.5 m grading 2.5 g/t Au (starting at 525 m down-hole), including 2 m grading 3.7 g/t Au in hole MTU-21-12, within a wider intersection of 24.5 m grading 1.0 g/t Au, expanding gold mineralization by 200 m down-plunge;
4.7 m grading 1.0 g/t Au (starting at 510 m down-hole) and including 2.3 m grading 1.6 g/t Au, within a wider intersection of 17.7 m at 0.5 g/t Au in hole MTU-21-13; and
7.8 m grading 0.5 g/t Au (starting at 23.0 m down-hole) in hole MTU-21-11expanding the footprint of the mineralization at the Stover zone to 400 m along strike.
Follow-up drilling 1.2 kms east of the Stover Zone intercepted approximately 50 m of alteration, veining, and mineralization, similar to that of the Stover Zone, with results expected within two weeks.
Gold mineralization along the Stover Zone main shear has now been confirmed by drilling over a strike length of 2.2 kms. Continued drilling will test mineralization further along strike.
All gold zones encountered along the BDZ to date remainopen in all directions. Finalization and planning of new high priority drill targets along the 10 km of strike on the western part of the BDZ is scheduled for May 2021, with the drilling of the high priority targets expected to begin in June 2021.
Following the recent completion of the Company’s recent $5.0MM flow-through financing, the Company is fully funded for all planned and announced exploration activities.
“The continued intersection of significant gold values over tens of metres of thickness indicate that the regionalBDZ, which hosts our Goudreau Property, is a gold-endowed, crustal scale deformation zone. We are excited that we still have several exploration targets to test on the original Stover grid, which covers the eastern 4.5 km of the BDZ,” stated Richard Murphy, President and CEO of Manitou Gold. “Our geophysical surveys covering the western 10 kilometres of the BDZ are well under way. I expect that we will be ramping up our exploration drilling to test additional new targets in this area in the coming months.”
