Posted by AGORACOM
at 9:06 AM on Tuesday, March 30th, 2021
*HMMJ is the first ETF in the world to offer direct exposure to North American-listed legal cannabis stocks
TORONTO, March 30, 2021 (GLOBE NEWSWIRE) — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally licensed producer and distributor of medical-grade cannabis, is pleased to announce the Company has been added to the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) following HMMJ’s quarterly rebalancing, marking the Company’s return to this index of publicly traded North American companies with significant business activity in the cannabis industry. This follows the addition of WeedMD to the North American Marijuana Index, the underlying index of HMMJ, the first exchange-traded fund (ETF) in the world to offer direct exposure to North American-listed stocks that operate in the legal cannabis industry.
HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index (the “Index”), net of expenses. The Index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the Marijuana industry.
Tags: #Horizon Posted in WeedMd | Comments Off on $WMD $WDDMF Added to Horizons Marijuana Life Sciences $HMMJ Index ETF $CRON $GTBIF $INDS $FAF.ca $WEED.ca
Posted by AGORACOM
at 9:56 AM on Thursday, December 19th, 2019
American Creek Resources (TSXV: AMK) (OTC Pink: ACKRF) (the “Corporation” or “American Creek”) is pleased to announce its partner Tudor Gold has concluded the interpretation of a copper-silver mineralized zone, the ‘CS 600 Horizon’,
within the Goldstorm Zone. Composite grades for drill holes GS19-42,
47, 48, 49, 52 and CB18-39 were re-calculated utilizing the copper and
silver grades obtained from the 2019 drill-hole program. These holes are
located in the northeastern-most area of the project. The copper and
silver mineralization contributed greatly to increasing the gold
equivalent content of all drill holes that cut the new copper-rich ‘CS 600 Horizon’.
The largest increase in gold equivalent content to the ‘300 Horizon’
was from GS19-42. The gold-only grade previously reported for the 370.5 m interval was 1.097 gpt Au. After adding the copper-silver mineralization, the gold metal equivalent content has increased to 1.275 gpt Au Eq over the same 370.5metre interval. This was due mainly to the elevated silver grades.
Copper grades were very consistent within the ‘CS 600 Horizon’. Grades ranged from approximately
0.16% Cu to 0.34% Cu over intervals of 69m to 151.5m in holes GS19-42,
47, 48, 49 and 52. These intercepts led to the largest gold equivalent
increases within the Goldstorm System.
Silver grades averaged as high as 10 gpt within both the ‘300 Horizon’ and the ‘CS 600 Horizon’ and the metal appears to occur throughout the entire Goldstorm System.
Vice President of Project Development, Ken Konkin P.Geo. comments:“The
newly discovered copper-rich ‘CS 600 Horizon’ is a very important
feature of the Goldstorm System. The presence of copper and silver
mineralization gives this discovery a true polymetallic nature yet it
remains a gold-dominant project. Copper grades appear to be increasing
with depth within the ‘CS 600 Horizon’. In the following weeks our
technical team will continue to examine the rest of the drill holes to
re-compute the gold-equivalent grades to include copper and silver
throughout the entire system.”
Table l provides gold equivalent composites from
five drill holes completed on three sections that cut the ‘300 Horizon’
and the ‘CS 600 Horizon’ within the Goldstorm System. Although the sixth
hole in this table (CB18-39) did not intersect the ‘CS 600 Horizon’,
the Au Eq composite increased the grade of the intercept by over 11%
within the ‘300 Horizon’. Sections attached demonstrate that the copper
pulse is un-like the main gold mineralization within the ‘300 Horizon’
as the ‘CS 600 Horizon’ appears to be dipping sub-parallel to the main
Treaty Thrust Fault (TTF1) shown in section 111+00 NE. The Company’s
Press Release dated October 24th provides the drill collar data
including drill hole location, elevation, inclination, azimuth and drill
hole length.
* All assay grades are uncut and intervals reflect drilled intercept
lengths. True widths of the mineralization have not been determined. HQ
and NQ2 diameter core samples were sawn in half and typically sampled at
standard 1.5m intervals.
**Prices used to calculate the AuEq metal content are: Gold $1322/oz,
Ag: $15.91/oz, Cu: $2.86/lb. All metals are reported in USD and
calculations do not consider metal recoveries.
The goal is to design a diamond drill hole program that will
fast-track the exploration program for 2020 with the objective to begin
the Mineral Resource Estimate work at the end of the 2020 field season.
Tudor hopes to accomplish as much drilling needed to bring a Measured
and Indicated Mineral Resource Estimate forward as quickly as possible.
Walter Storm, President and CEO, stated: “These
new gold equivalents are extremely encouraging as our technical team
continues to take positive steps advancing Tudor Gold’s flagship Treaty
Creek Au-Ag-Cu project. During the following months our geologist and
engineers will continue to work with the geological model and begin to
prepare the diamond drill hole proposal for 2020 .”
Darren Blaney, President and CEO of American Creek, stated:“The
Goldstorm deposit on Treaty Creek continues to amaze us. Its scale has
grown exponentially over the last two years to close to a billion tonnes
and these recent calculations are giving us a more accurate indication
of the grades within the system. The focus has been on the 300 zone as
it’s a gold enriched area just below the surface giving it great
potential to be open pitted, and now we’re starting to see the
tremendous potential at depth in the CS 600 zone. The Goldstorm is open
at depth and to the north and east which is where these pulses of copper
and silver are becoming more concentrated. With power and the highway
only 20km down the valley, and the deposit increasing in size
exponentially, the Goldstorm truly has the potential to be a world class
deposit.”
The Treaty Creek Project is a Joint Venture with Tudor Gold owning
3/5th and acting as operator. American Creek and Teuton Resources each
have a 1/5th interest in the project. American Creek and Teuton are both
fully carried until such time as a Production Notice is issued, at
which time they are required to contribute their respective 20% share of
development costs. Until such time, Tudor is required to fund all
exploration and development costs while both American Creek and Teuton
have “free rides”.
The Treaty Creek Project lies in the same hydrothermal system as
Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better
logistics.
Drill core samples were prepared at MSA Labs’ Preparation Laboratory
in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in
Langley, 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.
MSA Laboratories quality system complies with the requirements for the
International Standards ISO 17025 and ISO 9001. MSA Labs is independent
of the Company.
Qualified Person
The Qualified Person for this news release for the purposes of
National Instrument 43-101 is the Company’s Vice President of Project
Development, 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.
American Creek is a Canadian junior mineral exploration company with 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.com
