Posts Tagged ‘lithium’

Durango Provides Detailed Information On Lithium Exploration Program, Identifies Three Distinct Pegmatite Intrusions $DGO.ca

Posted by AGORACOM-JC at 10:47 AM on Wednesday, September 21st, 2016

Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta

Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.

Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.

Summary of Assays

Typical LCT (lithium-cesium-tantalum) pegmatites are marked by prominent accumulation of Li, Cs and Ta (sometimes with Rb and other elements), which are exhibited to an anomalous degree in the pegmatite assays returned from the NMX East property.

Out of a total of 79 samples taken at NMX East, 47 samples were taken from pegmatite outcrops. Out of this group of pegmatite samples: 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta. Summary and ranges of anomalous results are summarized in Table 1. Assays are shown against pegmatite outcrops in Figure 1.

Table 1: Pegmatite Grab Sampling Highlights

Sample	Easting	Northing	Li2O (ppm)	Cs (ppm)	Ta (ppm)	Rb (ppm)
1008111	443,957	5,725,198	669	24.3	0.8	276
1008119	443,676	5,724,973	323	27.7	40.7	846
1008116	443,753	5,724,983	301	33.5	12.6	1405
1008114	443,771	5,725,022	280	16.4	51.2	738
1008115	443,764	5,725,014	194	24.2	77.1	1015
1008158	444,450	5,717,722	194	50.3	34.5	530
1008112	443,802	5,725,041	172	14.7	30.3	679
1008152	442,962	5,717,112	151	14.1	14.5	52.4
1008118	443,700	5,724,988	86	83.6	4.7	2140
1008175	444,391	5,727,079	86	29.8	47.4	1165
1008113	443,790	5,725,031	65	77.4	1.6	1895
1008122	443,742	5,724,940	65	53.1	3.7	1925

* All coordinates are NAD83 UTM Zone 18N

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.

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Figure 1: Pegmatite sample map illustrating Li2O Results.

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Interpretation of Lithium, Cesium, Tantalum, and Rubidium Anomalies

Results from the exploration program at NMX East clearly indicate the presence of three distinct pegmatite intrusions which exhibit significant lithium, cesium, tantalum, and rubidium anomalies. One intrusion occurs on the property’s East Block, while two intrusions occur on the South Block.

The Nemiscau Region exhibits a markedly limited amount of bedrock exposure, which produces a very challenging environment for surface sampling. On average, there is approximately less than 5% exposure on the NMX East property and a large portion of the surrounding region. Evidence suggests that the majority of pegmatite bodies in the Nemiscau Region are obscured beneath the glacial diamict which blankets the region. Nemaska Lithium Inc.’s recent drilling results also report mineralized intercepts as deep as 500 metres below surface (2). As such, Durango’s geological team suspects the three viable lithium-bearing LCT pegmatites, which occur at surface on Durango’s NMX East property, may represent smaller exposures of potentially much larger intrusions which may continue both at depth, laterally, and along strike.

Furthermore, most LCT pegmatites exhibit concentric zonation, particularly of spodumene (Li), pollucite (Ce), columbite-tantalite (Ta), and beryl (Be) mineralization. This mineralization is typically concentrated in the core margin to core zone of the pegmatite intrusion, with dilute quantities in the intermediate zone. This zonation is illustrated in Figure 2.

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Figure 2: Zonation in an idealized LCT (lithium-cesium-tantalum) pegmatite intrusion. (USGS Open File Report 2013-1008)

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Durango’s geological team therefore interprets these moderate lithium, cesium, tantalum, and strong rubidium anomalies at surface to be a potential indication of significant spodumene mineralization at depth. The next steps at NMX East will include extensive stripping and/or drilling of these mapped pegmatite intrusions in order to determine the real nature and extent of the intrusive bodies.

Marcy Kiesman, CEO of Durango, comments, “The results from this campaign indicate the existence of three newly-discovered LCT pegmatite intrusions on the NMX East property and serve as an excellent first step in the progression of the project. Lithium-bearing pegmatites are a complex deposit type, considering the zonation and nature of mineralization within the intrusions and the challenging region in which they choose to manifest. Durango is exceptionally pleased to have discovered three distinct LCT pegmatite intrusions on the property and plans to explore these targets further in the coming exploration season, by means of stripping and drilling.”

All samples were grab samples and were analyzed by ALS Minerals, Val-d’Or (Quebec). The analytical methods used correspond to ALS codes ME-MS81 and Be-ICP81.

The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.

References

(1)Bradley, D., McCauley, A. (2013). A preliminary deposit model for Lithium-Cesium-Tantalum (LCT) Pegmatites. USGS Open File Report 2013-1008.
(2)Nemaska Lithium (TSE: NMX) news release, September 6, 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 project, 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 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.

Tags: #mining, #smallcapstocks, $TSXV, lithium
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Pacific North West Capital Corp. Appoints Veteran PGM Geologist to Advisory Board $PFN.ca

Posted by AGORACOM-JC at 10:09 AM on Wednesday, September 21st, 2016

Ron Hieber is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981. In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital.

At the time he retired, he was a Director of several Anglo Platinum subsidiaries, including Unki Platinum Ltd. (Zimbabwe) and Rustenburg Platinum Mines Ltd. From 2009, Ron worked as Executive Director: Business Development for Kameni Ltd., which had PGM interests, in the Eastern Bushveld and Zimbabwe. After selling its projects, Kameni closed and Mr. Hieber now runs his own company, with interests in South African and Zimbabwean Gold projects.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

3.Results for the current (2012) Mineral Resource Estimate are below
4.2015 Drill Program confirms New High Grade T2 Discovery
5.Exploration and Development Plans outlined for 2016
6.Ongoing Strategic Partner Search for River Valley Project
7.Results for the most recent Mineral Resource Estimate are summarized below:
- -Prepared by Tetra Tech (Wardrop)-High Confidence: Measured plus Indicated = 72% of total
  -Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals
  
  -Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
  
  -High Grade Potential: particularly in the north part of the River Valley Deposit
  
  -Resources under Evaluation for Development Potential, as Open Pit Mining Operation

CX
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8.Results for the 2015 Discovery Drill Program on the T2 Target:
- -Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate-Possible New Mineralized Zone at the north end of the River Valley Deposit
  -Show potential to take the River Valley PGM Project in a New Direction
  
  -Additional Drilling is slated for mid-October, 2016

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9.Exploration and Development Plans for 2016

-Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016
-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley

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Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s new Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary, to Acquire and Develop Projects in Active Mining Camps in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The Company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project Acquired by the Company (PFN News Releases April 25 th , 2016, May 11 th , 2016 and June 16 th , 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21 st , 2016, May 24 th , 2016), July 5 th , 2016 and July 21 st , 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically in recent months. Lithium Supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.

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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine

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Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution. The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-hours per year, by 2020. The CV West Li project is located approximately 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada. Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors,

“Harry Barr”

Harry Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, lithium, PGM
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Durango Discovers Lithium Bearing Pegmatites Near Nemaska, Quebec $DGO.ca

Posted by AGORACOM-JC at 10:33 AM on Tuesday, September 20th, 2016

lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project
Anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery

Vancouver, BC / September 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 13, 2016, lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project.

Durango’s anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery. No trenching or blasting was completed on the first phase reconnaissance program which took place in August 2016, as the scope of the program was limited to identifying pegmatites and sampling for lithium values.

Durango has discovered anomalous lithium bearing pegmatites sampled by a simple grab sample. From all the pegmatites discovered and sampled, 25 returned anomalous lithium values ranging from 50 to 320 ppm or 0.032%Li.

Exploration on Nemaksa Lithium’s claims has been ongoing since 1962 and has been worked on by various companies over the years. Nemaska Lithium is the eighth company to work the block of claims and began their work in 2009 by property visits and grab sampling. According to the Nemaska Lithium’s 43-101 report, Canico completed the first work in the area in 1962-63 and drilled 5 holes with the best result being 1.44% Li2O over 83.2m. Forty years later (2002), Inco tested the same pegmatite while exploring for Tantalum with results up to 0.026% Ta over 1 m in a channel sample. The lithium results returned by Inco ranged from 0.14%Li to 1.73% Li over a 1 m channel on the same spodumene-bearing pegmatite.*

Durango’s pegmatites with the lithium results can be easily accessed to trench and blast, or possibly commence drilling, to determine the extent of the pegmatites and to obtain fresh rock samples (not exposed to weathering and erosion) to determine Li content. Cesium levels ranged up to 80.9ppm, tantalum levels up to 77.1ppm and rubidium up to 2140 ppm which is typical of LCT (lithium, cesium tantalum) pegmatites. Pegmatites exploited for lithium are usually of the LCT type.

Marcy Kiesman, CEO of Durango comments: “Durango is highly encouraged by the geological discovery of the lithium-bearing pegmatites so proximal to the Whabouchi project. This discovery has greatly increased our odds of hosting a LCT (Lithium, Cesium, Tantalum) type deposit adjacent to Nemaska Lithium Inc. As such, Durango has asked Donald Theberge to prepare a report with phase two exploration program recommendations which will be announced as soon as it is available.”

The technical contents of this release were approved by Mr. Donald Theberge, PEng., MBA, a qualified person as defined by National Instrument 43-101. The property has not been subject of a National Instrument 43-101 report.

*Nemaska Exploration Inc. NI 43-101 Technical Report – Whabouchi Property, October 2, 2009, by Donald Theberge, Eng., MBA, p.8, p.17

About Durango

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

Tags: #mining, #smallcapstocks, $TSXV, lithium
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AGORACOM Welcomes Back Pacific North West Capital (PFN: TSX-V) A Leader in Both PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 2:54 PM on Friday, September 16th, 2016

PACIFIC NORTH WEST CAPITAL CORP.

(PFN:TSX-V)

Two Divisions: PGM and Lithium

PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canadaâ€™s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources. New Discovery in 2015. Summer Surface Exploration ongoing and a Fall 2016 drill program to follow-up.
Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

The company recently completed 2/3 of its C$1.5 million placement in June 2016 and is currently placing approximately C$500,000 at C5.5 cents with a full two year warrant at C10 cents for the first year and C20 cents for the second year

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
Excellent Road Access to River Valley Property; Rail and Power Nearby
$30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy
High Grade Drill Hole Discovery March 2015

Mineral Resources – Project has had Five, 43-101 Reports

May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade â‰¥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade â‰¥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade â‰¥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
(see www.PFNCapital.com for Details and Notes on the Resource Estimate)
Mineral Resources covered by Mining Leases (21-year Renewable Term)
Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
No Deleterious Metals or Minerals

August 2016 PFN Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

Strike Length of PFNâ€™s River Valley Deposit Increased from 12 km to 16 km
Mustangâ€™s surface grab samples returned Assays of up to 10 g/t PGM
Drilling Highlights Include:
1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
PGM mineralization is Open at Depth and footwall potential remains untested
T2-like Targets identified from Favourable Geological and Geophysical Surveys
Targets under evaluation for drill testing

The Tanco Mine was one of North Americaâ€™s only
producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

12 Month Stock Chart

Tags: #mining, #smallcapstocks, $TSXV, clean energy, green energy, lithium, PGM
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Durango Assays 199.5 G/T Silver over 1.2 Metres in Channel Samples, 2.06% Copper from Grab Samples, and Discovers New Showings at Dianna Lake $DGO.ca

Posted by AGORACOM-JC at 10:22 AM on Tuesday, September 6th, 2016

Received highly encouraging assay results from its reconnaissance program at its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan
high-grade silver and copper anomalies which assayed up to 457.0 g/t Ag and 0.72% Cu over 0.30 m in channel samples taken from the main zone of historical workings, and up to 2.06% Cu in grab samples

Vancouver, BC / September 6, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release of July 26, 2016, Durango has received highly encouraging assay results from its reconnaissance program at its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan.

Durango’s team was successful in locating and mapping nearly all historical drill holes, pits, and trenches. In addition, several new silver, copper, and gold-bearing showings were discovered during the reconnaissance program.

The reconnaissance program encountered high-grade silver and copper anomalies which assayed up to 457.0 g/t Ag and 0.72% Cu over 0.30 m in channel samples taken from the main zone of historical workings, and up to 2.06% Cu in grab samples. The highest-grade copper values were returned from a historical trench 270 meters to the northeast of the main zone of historical workings. *

* Please see Table 1 and Table 2 for full summary and ranges of anomalous results.

A single grab sample taken from a newly-identified, gold-bearing showing returned 0.37g/t Au. This showing is located approximately 300 metres to the southwest of the main zone of historical workings, adjacent to an under-explored IP anomaly. Gold mineralization was also found to be associated with historically documented silver mineralization in one historical pit in the main zone, assaying 0.17g/t Au in a grab sample.

Historical Pit #1 was found to be mostly flooded with water up to 2 metres deep in places, as the adjacent swamp breached the edge of the pit. Based on the locations shown in the historical documentation, the highest grade material from the historical pits is likely submerged in the areas that were impossible to sample in the current program. However, the Company intends to dewater and fully sample the pit in the next exploration campaign. See Figure 1.

Channel Sampling Results

Six channels, designated as DLK-1 through DLK-6, were cut across separate outcrops, with continuous samples taken over 0.30-metre intervals. The first two channels (DLK-1 and DLK-2) were cut along historical Pit #1 and Pit #2 and returned high values of 379.0 g/t Ag and 457.0 g/t Ag, respectively. The remaining four channels were cut across various other outcrops. The locations of channels are illustrated in Figure 1.

Channel DLK-1 is located within, and parallel to the orientation of Pit #1, which yielded a historical sample of 2,458 oz/t Ag (1) (see section About Dianna Lake at the end of this release for full range of values). DLK-1 was sampled continuously at surface from 10.0 to 13.6 metres at 0.30 metre intervals, until reaching the edge of the water in the flooded area of the pit. Based on the locations shown in the historical documentation, the highest-grade material from this pit is likely submerged in the areas that were impossible to sample in the current program.

Of 16 continuous channel samples taken within DLK-1 and DLK-2, 9 samples assayed higher than 28 g/t Ag. In total, 31 channel samples were taken at 0.30 metre intervals within DLK-1 through DLK-6. Channels DLK-3 through DLK-6 did not return anomalous values above 5.0 g/t Ag and 0.1% Cu.

Channel sampling results are summarized in Table 1, below.

Table 1: Channel Sampling Highlights

Channel	Orientation	Historical Pit	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)	Cu (%)
DLK-1	090? (South)	Pit #1	11.2	13.3	2.1	0.0	93.7	0.02
		including	13.0	13.3	0.3	0.0	379.0	0.01

DLK-2	090? (South)	Pit #2	2.0	3.2	1.2	0.0	199.5	0.59
		including	2.6	2.9	0.3	0.0	457.0	0.72

Grab Sampling Results

Out of a total of 20 grab samples taken in the survey, 11 samples returned anomalous silver, copper and/or gold values (shown below in Table 2). Grab sampling successfully identified several new showings at the Dianna Lake Prospect.

Newly-identified showings include outcrops at Sample 67080, located 90 metres to the northeast of the main zone, and Sample 67056, located 400 metres southwest of the main zone. Of particular interest was a grab sample taken from a historical trench located 270 metres to the north-northeast of the main zone, which assayed 43.0 g/t Ag and 2.06% Cu.

These results are summarized in Table 2, below. Sampling from the main zone of historical workings is highlighted in Figure 1.

Table 2: Grab Sampling Highlights

Sample	Easting	Northing	Ag (g/t)	Cu (%)	Au (g/t)	Comment
67053	6617178	619626	9.0	0.41	0.00	Historical trench 270 metres north-northeast of main zone
67054	6617186	619645	43.0	2.06	0.00	Historical trench 270 metres north-northeast of main zone
67056	6617001	619545	33.0	1.00	0.00	New showing 400 metres southwest of main zone
67060	6616930	619370	13.0	0.00	0.00	100 metres west of main zone
67073	6616954	619484	9.0	0.30	0.17	Grab from Pit #2A
67078	6616944	619463	61.0	0.46	0.00	Pit #1 waste pile
67080	6616794	619075	54.0	0.57	0.00	90 metres northeast of main zone
85966	6616936	619516	6.0	0.11	0.00	10 metres north of Pit #7
85967	6616927	619514	24.0	0.21	0.00	Pit #7 (southeast main zone)
85968	6616927	619514	35.0	0.81	0.00	Pit #7 (southeast main zone)
85969	6616734	619279	0.00	0.00	0.37	New showing 300 metres southwest of main zone

* All coordinates are NAD83 UTM Zone 12N

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.

Figure 1: Sampling Locations Within Historical Pit Area (Highlights)

Click Image To View Full Size

Larger image available at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/

New Anomalous Gold Showings Identified

Two outcrop areas returned anomalous gold values which were not previously documented, indicating that silver mineralization at Dianna Lake is associated with some degree of gold mineralization.

One new showing, designated as “Deadshot”, is located 300 metres to the southwest of the historical workings and assayed 0.37g/t Au from a grab sample taken from a white to reddish biotite gneiss unit. This gold showing is located adjacent to an under-explored IP conductor.

Sample 67073 assayed 0.17 g/t Au and was taken from historical Pit #2A, within the main zone of historical workings. The sample exhibited strong malachite mineralization and iron oxide staining, as well as pervasive calcite veining.

These newly-discovered gold anomalies will warrant further exploration.

Marcy Kiesman, CEO of Durango, comments, “Our team is excited to receive anomalous assays returned from previously undocumented areas. The Dianna Lake Prospect was previously explored by Comaplex Resources which had a vast stable of high quality prospects – several which have been developed into projects such as Northquest’s (TSX.V-NQ) Pistol Bay Project. The impressive results from locations both within and outside of previously documented showings, pits, and trenches is compelling and anomalous gold values from the gneiss unit is particularly encouraging. These results may indicate the project’s potential to be greater than originally thought. We intend to follow up on these favourable results with a more detailed and extensive exploration program in the near future, including dewatering of historical trenches and pits.”

The Company’s geological team is presently constructing a model of the project data, including historical drill holes, which were not sampled in this reconnaissance program, as well as current results. Durango will provide more details as they become available.

Assays were performed at Activation Laboratories located in Thunder Bay, Ontario using package 1A3 Au/Ag fire assay gravimetric and package 1F2 total digestion ICP.

Durango would also like to announce that final acceptance was received from the TSX Venture Exchange for its non-brokered private placement of $266,000 as announced on June 22, 2016. All of the 2.63 million units issued are subject to a four-month hold period ending October 30 and 31, 2016, and December 10, 2016. No further tranches will close.

About Dianna Lake Silver, Saskatchewan

Durango’s Dianna Lake silver prospect covers an historical area in which, from 1968 to 1969, two-high grade, primarily native silver-bearing exploration targets of between 30,000 tonnes and 50,000 tonnes grading five to ten ounces per ton silver, approximately 600 meters apart, were determined by trench grab sample assays, according to an historical evaluation report composed for Comaplex Resources in 1980 (1)*.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Additionally, the main silver-bearing zone is spatially associated with a large zone of low-grade, disseminated copper-silver mineralization in which drilling of two IP (induced polarization) anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton silver and 0.4 per cent copper (undefined category historical resource estimate), according to the same report (1)**.

** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and the issuer is not treating the historical estimate as current mineral resources or reserves. Further work must be carried out to verify all historical information before a resource estimate is possible. Fourteen additional IP anomalies in the historical exploration area surrounding Dianna Lake and the nearby Doug Lake remain yet undrilled, according to the Comaplex Resources report (1), four of which occur within the property boundary of Durango’s Dianna Lake silver project.

Previous work on the claims was reported in 1969, 1980 and 1998 and included diamond drill holes, trenches and pits primarily across two zones where mineralization was identified at or near surface. One zone was reported to have five trenches exposing silver-copper mineralization over approximately 80 meters. Historical grab samples from pit No. 1 of this zone included ounce-per-ton silver values of 2,458.4, 684.4, 647.4, 600.2, 464.2 and 454.8 ounces per ton silver. Out of 18 grab samples, 13 samples assayed between 185 ounces per ton silver and 2,458.4 ounces per ton silver. Pit No. 2 grab samples returned reported highs of 298 ounces per ton silver and 197 ounces per ton silver (out of seven samples ranging from 12.2 ounces per ton silver to 298 ounces per ton silver) (1). (The company cautions that grab samples are selective and may not be representative of the mineralization on the property.)

The technical contents of this release were approved by Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The Dianna Lake Property has not been the subject of an NI 43-101 report.

References

(1) “Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.,” E.G. Kennedy, P.Eng., 1980.

About Durango

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

Tags: #mining, #smallcapstocks, $TSXV, American Lithium Corp., green energy, lithium
Posted in Durango Resources, Small Cap Lithium Stocks | Comments Off on Durango Assays 199.5 G/T Silver over 1.2 Metres in Channel Samples, 2.06% Copper from Grab Samples, and Discovers New Showings at Dianna Lake $DGO.ca

Pacific North West Capital Corp. Forms Strategic Advisory Board $PFN.ca

Posted by AGORACOM-JC at 10:06 AM on Wednesday, August 31st, 2016

Announced the Company has formed a Strategic Advisory Board
Chairman and CEO, Harry Barr stated; “Advisory Boards are powerful, long-term, strategic tools, if the advice from the Advisors is implemented by the Board and Corporate Management. Our existing Technical, Financial and Administrative Teams are all long term veterans…

August 31, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is pleased to announce the Company has formed a Strategic Advisory Board.

Chairman and CEO, Harry Barr stated; “Advisory Boards are powerful, long-term, strategic tools, if the advice from the Advisors is implemented by the Board and Corporate Management. Our existing Technical, Financial and Administrative Teams are all long term veterans, within our industry; each one of us have contacts with like-minded professionals, who are presently being selected to assist our Company, through our various stages of development.”

Mr. Barr added: “After five very difficult years of no significant new discoveries, for the Metals and Mining Industries, a new era arrived in the spring of 2016. Due to increasing demand, diminishing metal supplies and recent dramatic price increases, for most commodities, Mining and Metals Investors have returned. Most of these Investors have made significant gains in the major and mid-tier sectors and are now placing their capital into Junior Mining Companies, with Proven Management, Advanced Stage Projects and New Commodity Trends. Our Shareholders and Potential Investors should expect announcements of several key individuals, for both the Advisory Board and additions to our Management Team, over the coming months. These individuals will have spent their adult working careers, focused specifically in our industry.”

PFN is once again in a major growth trend, due in part to the addition of a new Lithium Division and the current and planned Exploration Programs on the Company’s existing Platinum Group Metals Division, more specifically; the Company’s 100% owned PGM River Valley Project/River Valley Extension, both of which are located in the Sudbury Mining District, of Ontario.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

3.Results for the current (2012) Mineral Resource Estimate are below
4.2015 Drill Program confirms New High Grade T2 Discovery
5.Exploration and Development Plans outlined for 2016
6.Ongoing Strategic Partner Search for River Valley Project
7.Results for the most recent Mineral Resource Estimate are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade Potential: particularly in the north part of the River Valley Deposit

– Resources under Evaluation for Development Potential, as Open Pit Mining Operation

Click Image To View Full Size

8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

-Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate

-Possible New Mineralized Zone at the north end of the River Valley Deposit

-Show potential to take the River Valley PGM Project in a New Direction

-More drilling required

Click Image To View Full Size

9. Exploration and Development Plans for 2016

-Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016
-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company (see PFN News Releases: April 25 th , 2016 and May 9 th , 2016).

The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 4 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba (see PFN News Releases: April 21 st 2016, May24 th , 2016, June 15 th , 2016, July 5 th , 2016 and July 21 st , 2016). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

Click Image To View Full Size

PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine

Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a Company-made composite and not intended for redistribution.

The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Tags: #mining, #smallcapstocks, $TSXV, lithium, PGM
Posted in Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Pacific North West Capital Corp. Forms Strategic Advisory Board $PFN.ca

Nevada Energy Metals Announces Encouraging Lithium Results from Big Smokey Valley, Nevada $BFF.ca

Posted by AGORACOM-JC at 7:42 AM on Wednesday, August 31st, 2016

Announced encouraging results
Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm
Highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.

August 31, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) ) is pleased to announce encouraging results have been received from the latest sampling program at the Company’s 100% owned Big Smokey Valley (North) project. The geochemical sampling program was designed to test for lithium values in surface soils and/or playa evaporates. Samples were obtained on a grid pattern consisting of eleven east/west lines spaced 400 meters apart with stations every 200 meters along the lines. The grid covered an area of approximately 3,000 acres.

Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm with the highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.

Click Image To View Full Size

Rick Wilson, President an CEO stated “Obtaining a statistically large number of anomalous Lithium values across our large 3,200 acre/1,295-hectare property is highly encouraging. We look forward to announcing the next phase of work shortly”.

About the BSV Lithium Project: https://nevadaenergymetals.com/bsv-lithium-project/

The BSV Lithium Project consists of 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada, 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley. The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.

Gravity survey results indicate the depth of valley fill to be approximately 5,100 feet and that there is subsurface closure of the valley a short distance to the south of the claim block. The basin is fed by anomalous lithium bearing geothermal fluids interpreted to be meteoric waters heated by relatively deep circulation in the earth’s crust.

Historical sediment sampling results for lithium in the basin were reported in the range of 130 to 155 ppm lithium for 4 samples (J.R. Davis, U.S. Geological Survey, Denver, Co.)

Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded, Canadian based, exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). Nevada Energy Metals has also acquired: 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp (TSX-V: DJI), where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometers/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa.

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this release.

Tags: #mining, #smallcapstocks, $TSXV, clean energy, green energy, lithium
Posted in Nevada Energy Metals, Small Cap Lithium Stocks | Comments Off on Nevada Energy Metals Announces Encouraging Lithium Results from Big Smokey Valley, Nevada $BFF.ca

St-Georges Signs Option Over Le Royal Lithium-Lepidolite Prospect In Quebec $SX.ca

Posted by AGORACOM-JC at 11:21 AM on Wednesday, July 27th, 2016

Entered into a Binding Memorandum of Understanding to acquire Le Royal lithium prospect located approximately 30 km north of the city of Val d’Or in Quebec
Acquiring Le Royal lithium prospect jointly with Platypus Minerals Ltd. (ASX: PLP) on an initial 30:70 relative basis.

Montreal, Quebec / July 27, 2016 – St-Georges Platinum and Base Metals Ltd. (OTC:SXOOF) (CSE:SX) (FSE:85G1) is pleased to announce that it has entered into a Binding Memorandum of Understanding to acquire Le Royal lithium prospect located approximately 30 km north of the city of Val d’Or in Quebec.

St-Georges is acquiring Le Royal lithium prospect jointly with Platypus Minerals Ltd. (ASX: PLP) on an initial 30:70 relative basis.

Le Royal lithium prospect comprises 5 contiguous claims, approximately 286 hectares in area and represents a virgin find within a known lithium district, albeit situated only 4 km from the Quebec Lithium Mine. Le Royal is easily accessible and lies close to infrastructure and facilities (Figures 1, 2 and 3).

The Quebec Lithium Mine hosts a resource of 47 Mt @ 1.20% Li2O (NI43-101; Measured and Indicated). The mine was recently acquired by Chinese-owned Jilin Jien Nickel Industry Co.

A preliminary site visit by an independent geologist commissioned by St-Georges and Platypus confirmed the presence of a significant amount of lepidolite within a 1.0 X 0.7 X 0.6 metre pegmatite sub angular boulder indicating a new source in the vicinity (Figures 4 to 7). Lepidolite exploration is a key focus for Platypus, given its recent acquisition of mining processing technology developer Lepidico Limited, making Platypus the owner of the L-Max(R) technology which was specifically designed to extract lithium from lepidolite and other Li-mica minerals.

Click Image To View Full Size

Figure 1. Location of Le Royal prospect in Quebec.

Click Image To View Full Size

Figure 2. Regional Location of Le Royal prospect

The Companies are awaiting a report from the independent geologist, which will determine whether they will proceed with the option. Samples were taken on the project claims and sent to the laboratory for analysis. The report from the Independent Geologist is expected within two weeks.

Click Image To View Full Size

Figure 3. Claims map MRNF NTS 32C05, showing Le Royal claims in relation to Quebec Lithium Mine.

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Figure 4. Lepidolite in pegmatite at Le Royal.

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Figure 5. Lepidolite & spodumene in pegmatite

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Figure 6. Lepidolite-rich pegmatite from Le Royal.

Click Image To View Full Size

Figure 7. Lepidolite-spodumene pegmatite (Le Royal)

Under the terms of the MOU, Platypus will pay the vendors a C$10,000 option fee to conduct due diligence on the Le Royal claims. After the due diligence period and receipt of the independent geologist’s report, Platypus and St Georges will be able to acquire 100% of the Royal claims based on the following terms:

A finder’s fee will be paid in relation with this acquisition.

St-Georges and Platypus are concurrently negotiating formal terms of a joint venture between the two companies to develop the Le Royal prospect.

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

About Platypus Minerals Ltd

Platypus Minerals Ltd (ASX:PLP) is an ASX-listed Perth based company focused on the lithium sector. It’s current exploration assets include an option over the Lemare project in Canada; ownership of the Euriowie project near Broken Hill in New South Wales; a joint venture agreement with ASX-listed Crusader Resources (ASX:CAS) to jointly exploit lithium opportunities in Brazil; and an agreement with ASX-listed Latin Resources (ASX:LRS) to jointly exploit lithium opportunities in Peru and Argentina. Through wholly-owned subsidiary Lepidico Ltd, Platypus also owns the L-Max(R) technology, a metallurgical process that extracts lithium from non-conventional sources, specifically Li-rich mica minerals such as lepidolite and zinnwaldite, and thus has the potential to disrupt the lithium market by providing lithium from an alternative source. Platypus’s largest shareholders are Strategic Metallurgy Pty Ltd and Potash West Ltd (ASX:PWN).

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Tags: #mining, #smallcapstocks, $TSXV, lithium
Posted in Small Cap Lithium Stocks, St Georges Eco-Mining Technologies | Comments Off on St-Georges Signs Option Over Le Royal Lithium-Lepidolite Prospect In Quebec $SX.ca

Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

Posted by AGORACOM-JC at 8:09 AM on Wednesday, July 27th, 2016

Tesla officially opened its Gigafactory on Tuesday
Could nearly double the world’s production of lithium-ion batteries.
Factory is about 14 percent complete
When finished, it will be about 10 million square feet, or about the size of 262 NFL football fields

Sparks, Nev. (AP) — It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batteries.

Tesla officially opened its Gigafactory on Tuesday, a little more than two years after construction began. The factory is about 14 percent complete, but when it’s finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. That will make it one of the largest buildings in the world.

The factory is key to the future of Palo Alto, California-based Tesla. The 13-year-old electric car company, which has never made a full-year profit, wants to transition from a niche maker of luxury vehicles to a full-line maker of affordable cars, pickups and even semi-trucks. It also runs Tesla Powerwall, a solar energy storage business for homes and businesses.

The company says making its own lithium-ion batteries at the scale the Gigafactory will allow will reduce its battery costs by more than a third by 2018. Tesla CEO Elon Musk said the factory could easily employ 10,000 people in the next three to four years.

An inside view of the Tesla Gigafactory. g

Photographer: Troy Harvey/Bloomber

Most immediately, Tesla needs the batteries for its fourth car, the Model 3 sedan, which is scheduled to go on sale at the end of next year. At a starting price of around $35,000, the Model 3 will be Tesla’s least expensive vehicle, partly because of battery cost reductions. The batteries for Tesla’s current vehicles, the Model S sedan and Model X SUV, are made in Japan.

Tesla unveiled the Model 3 at the end of March. Within a week, more than 325,000 people had put down a $1,000 deposit to reserve the car. After seeing that level of demand, Tesla moved its production plans forward. The company now says it will make 500,000 vehicles per year by 2018, two years earlier than scheduled.

To meet that goal, Gigafactory construction is proceeding at a furious pace. Inside the factory, Tesla’s partner, Panasonic Corp. â€” which has invested $1.6 billion into the factory â€” is installing machines in sealed, humidity-controlled rooms that will start making battery cells before the end of this year.

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Panasonic is also shipping cells from Japan to the Powerwall business, which is operating in another section of the factory. Robots are used to place battery packs into home and office units, which store energy from solar panels and allow users to tap it during peak periods. Musk said the Powerwall business will initially make up about one-third of the Gigafactory’s output, but eventually could expand to around half.

Outside, nearly 1,000 workers are laying the groundwork for the factory’s expansion, digging trenches and erecting steel supports in the hot, dusty valley. By the second quarter of 2017, 31 percent of the factory will be completed. Eventually, the roof will be covered in solar panels.

Musk noted that some of the area’s 10,000 wild horses often drink from the ponds at the construction site. Nevada won the factory thanks in part to $1.3 billion in tax incentives, which will benefit Tesla over a 20-year period.

“I find this to be quite romantic,” he said. “It feels like the wild West.”

The factory’s name stems from “giga,” a unit of measurement that represents billions. One gigawatt hour is the equivalent of generating one billion watts for one hour â€” one million times that of one kilowatt hour.

Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018. That’s the equivalent to the entire world’s production in 2014. Tesla CEO Elon Musk has said the factory has the capacity to produce 150 gigawatt hours if it needs to. To put that in context, New York City uses around 52 gigawatt hours of energy per year.

Analysts say bringing battery production in-house, instead of buying batteries like General Motors Co. and other major automakers do, can help bring down costs, but also leaves Tesla exposed. If the Model 3 is delayed, for example, or customers’ deposits don’t turn into actual sales, Tesla will have extra batteries on its hands and no way to recoup its costs.

“They could be left with a lot of excess capacity in the near term,” said Sam Abuelsamid, an analyst with Navigant Research. Abuelsamid says there’s also the possibility that advances in battery technology in the longer term could force Tesla to make expensive new investments.

There are also competitors who could derail Tesla’s dreams. Chinese automaker BYD Co., which is backed by Warren Buffett’s Berkshire Hathaway Corp., also makes batteries and energy storage systems and is already building battery-powered buses in the U.S. The company hopes to bring low-cost electric cars to the U.S. in a few years.

Musk says there are still plenty of ways for Tesla to reduce costs, including making its factories more efficient and eventually building more battery factories in Europe, China and other regions where its cars are sold.

The company also is using a different type of battery cell in the Model 3 than it did in the Model S and Model X in an effort to reduce costs.

Source: http://www.bloomberg.com/news/articles/2016-07-26/tesla-opens-gigafactory-to-expand-battery-production-sales?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

Tags: #mining, #smallcapstocks, $TSXV, lithium, lithium ion, Tesla Motor Cars
Posted in Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Posted by AGORACOM-JC at 5:21 PM on Tuesday, July 26th, 2016

TSX-V: BFF, (OTC Pink: SSMLF)

Why Lithium?

Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
Although it took decades, lithium-based batteries are now the industry standard.
Lithium has limited supply and increasing demand.
Lithium seems untouched by economic downturns.
Climate change has lead to the frenzied search for green energy solution
Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, â€œsalars.â€ Lithiumâ€™s primary driver for growth is:

Batteries and grid-scale energy storage:

Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

â€œEV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.â€

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
250 meters from Albemarle Corporationâ€™s Silver Peak lithium mine and brine processing operations
Also the location of Pure Energy Mineralsâ€™ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
3.5 hours away from Teslaâ€™s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Projects

Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North Americaâ€™s only producing brine based Lithium mine supporting lithium production since 1967.
Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

Located 12 km (7.5 miles) northeast of Albemarle Corporationâ€™s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
60-40 earn-in joint venture with Dajin Resources Corp.
In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Mineralsâ€™ Clayton Valley exploration project.
Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Teslaâ€™s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investorâ€™s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

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Posts Tagged ‘lithium’

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Pacific North West Capital Corp. Forms Strategic Advisory Board $PFN.ca

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St-Georges Signs Option Over Le Royal Lithium-Lepidolite Prospect In Quebec $SX.ca

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CLIENT FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Why Lithium?

â€œEV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.â€

Projects

Energy metal markets are booming

12 Month Stock Chart

Categories

Posts Tagged ‘lithium’

August 2016 PFN Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

Why Lithium?

â€œEV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.â€

Projects

Energy metal markets are booming

12 Month Stock Chart

Categories

â€œEV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.â€