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Durango Completes Sampling Program at Dianna Lake Silver Prospect $DGO.ca

Posted by AGORACOM-JC at 10:45 AM on Tuesday, July 26th, 2016

Completed its sampling program at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan
Program was successful in its goal of identifying and sampling the historic pits, Pit #1, Pit #2, Pit #6, and Pit #7
Designated as high-priority targets due to their anomalously high silver and copper values

Vancouver, BC / July 26, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has completed its sampling program at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan.

The program was successful in its goal of identifying and sampling the historic pits, Pit #1, Pit #2, Pit #6, and Pit #7, which were designated as high-priority targets due to their anomalously high silver and copper values. The historical trench map illustrating these targets is shown below in Figure 1.

A total of 51 channel and grab samples were taken during the survey of the property. Samples have been sent to Activation Laboratories in Thunder Bay, Ontario for analysis and assay results are expected to be received within approximately two weeks.

Readers are directed to Durango’s news release dated July 13, 2016, for full details on the exploration plan and targets.

http://www.durangoresourcesinc.com/2016/07/13/durango-initiates-sampling-program-at-dianna-lake-silver-prospect-in-saskatchewan/

Marcy Kiesman, CEO of Durango stated, “Our team was prompt in identifying the historical workings at Dianna Lake and successfully mapped and sampled the high-grade historical pits referenced in our July 13 news release. We are looking forward to receiving assay results in the coming weeks, at which time we will provide a full summary and analysis of the Dianna Lake sampling program and outline the next phase of exploration at the project.”

Figure 1. Trench locations and historical assays

Click Image To View Full Size

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

About the Dianna Lake Silver Prospect

Durango’s Dianna Lake Silver Prospect covers a historical area in which, from 1968 to 1969, two high-grade, primarily native silver-bearing exploration targets of between 30,000 and 50,000 tonnes grading five to 10 ounces per ton silver, approximately 600 metres apart, were determined by trench grab sample assays, according to a 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 anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton Ag and 0.4 per cent Cu” (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 induced polarization 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 Ag-Cu mineralization over approximately 80 metres. Historical grab samples from Pit 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 Ag. Out of 18 grab samples, 13 samples assayed between 185.0 and 2,458.4 ounces per ton. Pit 2 grab samples returned reported highs of 298.0 and 197.0 ounce per ton Ag (out of seven samples ranging from 12.2 to 298.0 ounces per ton Ag) (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 Mr. Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

References

(1)”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, PEng, 1980.

About Durango Resources Inc.

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 the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, 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 website and its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to 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, #silver, #smallcapstocks, $TSXV, lithium
Posted in Durango Resources | Comments Off on Durango Completes Sampling Program at Dianna Lake Silver Prospect $DGO.ca

New Lithium Discovery on property 2.5 km due West of Fairmont’s Rome Lithium Property $FMR.ca

Posted by AGORACOM-JC at 10:38 AM on Tuesday, July 26th, 2016

FMR: TSX-V

Great news out this morning from Australia where Platypus Minerals announced the acquisition and discovery of a new lithium occurrence about 2.5 km due west of FMRâ€™s Rome Lithium property (see map below, also attached as a pdf).

The full Platypus release is also attached with lots of photographs of the discovery mineralization.

FMR now has lithium occurrences/deposits due east, due west and due north of the Rome Property Sounth Block.

Hub On AGORACOM / Corporate Profile

Tags: #mining, #smallcapstocks, $TSXV, lithium, Rome Lithium Property
Posted in Fairmont Resources | Comments Off on New Lithium Discovery on property 2.5 km due West of Fairmont’s Rome Lithium Property $FMR.ca

Why lithium will see another price spike this fall $DGO.ca $BFF.ca $FMR.ca $PFN.ca

Posted by AGORACOM-JC at 12:08 PM on Friday, July 22nd, 2016

Lithium has been the hottest metal of 2016, beating out gold,
Exponential demand expected over the coming years
Fundamentals behind the long-term trajectory suggest strong potential for long-term growth

By James Stafford

July 19, 2016 â€¢ Reprints

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Price doubling from 2014-2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12,000-14,000 per ton.

Automotive thrust

There is no doubt as to the push that Tesla has given the current automotive transition to electric vehicles (EVs). As the company’s mission statement outlines, it hopes “to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible.”

However, since 2014, when Tesla first announced the Gigafactory with Panasonic, other manufacturers have begun to take notice and take action. Volkswagen AG announced last week that it was considering LG Chem Ltd. or Panasonic Corp. as partners for several $2 billion factories, according to Bloomberg, with confirmation expected later in the year.

Previous announcements of billion-dollar investments in battery factories by Volkswagen were largely brushed off by investors as deflections from their “Dieselgate” scandal. But with LG and Panasonic in the picture, concrete plans appear to be crystalizing.

Combined with Daimler putting $550 million into tripling its battery production capacity in Germany, Nissan’s planned investments in the UK for its third generation Leaf, and GM’s joint venture with LG Chem to produce batteries in Holland, Michigan, for its Volt and Bolt, it is clear that auto manufactures are beginning to shift to electricâ€”and in a very big way.

Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year Growth in 2016, 60% in 2017, and likely 100% in 2018. This translates into over 600,000 in PEV sales expected in 2018, creating a new level of demand for which the market will need two new lithium mines in operation to even begin to satiate.

“Looking at the full picture here, the future demand for lithium is truly staggering,” says Michael Kobler, CEO and director of American Lithium Corp., one of the ambitious new explorers shaking up the lithium mining scene in Nevada.

Read entire article here: http://www.resourceinvestor.com/2016/07/19/why-lithium-will-see-another-price-spike-fall

Tags: #mining, #smallcapstocks, $TSXV, clean energy, green energy, lithium
Posted in Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Why lithium will see another price spike this fall $DGO.ca $BFF.ca $FMR.ca $PFN.ca

Lithium Canada Launches Summer 2016 Lithium Pegmatite Phase One Exploration Program in Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:11 AM on Thursday, July 21st, 2016

Phase One Exploration Program to begin Summer 2016
Program of Pegmatite Sampling, Prospecting and Mapping planned for the Lithium One, Lithman North and Lithman East Project
Numerous historical Pegmatites to be tested for Lithium mineralization
Summer Surface Exploration; objective to outline future Drill Programs
Utilizing the Prospector Generator Model, the Company is currently seeking participation by interested Option/Joint Venture Partners for its Lithium Projects (see About the Company’s Business Model – Page 2)

Vancouver, BC / July 21, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX-V: PFN; Frankfurt: P7J; OTCQB: PAWEF announces that its 100% owned subsidiary, Lithium Canada Developments will be conducting a Phase One Exploration Program, during the summer of 2016, on three Lithium Projects in southeast Manitoba.

A surface Phase One Exploration Program, consisting of Mapping, Prospecting and Sampling of known Pegmatites, on three of the company’s Lithium Projects, will begin during the summer of 2016. Presently, work permits have been submitted with the government and once granted, the field work will begin. The exploration program planned will lay the groundwork for future Exploration Plans and Drill Programs. Historic records in the region have indicated Lithium mineralization and mineralogy to be present in several Pegmatites, but at the time, exploration was being conducted for other commodities.

The three projects that are being explored this summer will be the Lithium One, Lithman North and Lithman East Projects. All three have previously mapped Pegmatites and are situated in the Winnipeg River Pegmatite Field. This Pegmatite Field hosts the world class Tanco Pegmatite, which has been mined from an underground operation, at the Tanco Mine Site in various capacities, since 1969. It once was one of the primary producers of Spodumene (a primary Lithium ore) in North America.

The Tanco Pegmatite is not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite, hosted in a late-stage, subvolcanic Gabbro. Current NI43-101 compliant resource calculations are not available for the Tanco Pegmatite. Academic publications have estimated the size of the deposit to be up to approximately 57 million tonnes. The last published mineral reserves (end of 1992) were 1.075 million tonnes of 0.12% Ta2O5, 3.5 million tonnes of 2.7% LiO2, and 315,000 tonnes of 23.3% Cs2O.

Click Image To View Full Size

Lithium Canada Development Inc. (100% wholly owned Subsidiary of Pacific North West Capital); total land holding in SE Manitoba, as of July 2016: 6,181 hectares (15,274 acres).

Further announcements regarding potential Joint Ventures and other exploration initiatives, on the company’s Lithium Projects, in southeast Manitoba will be forthcoming.

About the Company’s Business Model

“Utilizing the Prospector Generator Model and an aggressive project Acquisition Program, management plans to provide our shareholders with the opportunity to explore and develop a number of Concurrent Exploration Projects. After an initial phase of exploration on our projects, our team plans to partner via Option/Joint Venture Agreements with Major and well-funded Junior companies that want exposure to the Lithium industry.

The Prospector Generator Model reduces risk, share dilution and increases Discovery Potential.”

About The Company’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 camp, 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 and May 9 th , 2016.) The company also has Hard Rock Lithium projects in Canada (PFN News Releases: April 21 st , 2016, May 24 th , 2016 and July 5 th , 2016), located in the Winnipeg River Pegmatite Field of southeast 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.

About the Company’s Platinum Group Metals Division

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.Exploration and Development Plans outlined for 2016
7.Exploration and Development Plans outlined for 2016

Click Image To View Full Size

8.Results for the most recent Metallurgical Testwork Study 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

9.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

Exploration and Development Plans for 2016:

-Mineral Prospecting and Geological Mapping on surface

-Drill Programs targeted to add more higher grade

-Geological interpretation and 2D/3D modeling of all drill and surface results

-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund

of all exploration expenditures up to $300,000.

-Ongoing Strategic Partner Search for River Valley

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, clean energy, green energy, lithium, lithium stocks
Posted in Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Lithium Canada Launches Summer 2016 Lithium Pegmatite Phase One Exploration Program in Southeast Manitoba $PFN.ca

Nevada Energy Metals Announces Update: American Lithium Corp Joint Venture in Clayton Valley $BFF.ca

Posted by AGORACOM-JC at 8:37 AM on Tuesday, July 19th, 2016

Bff_hub-2_copy

Subsequent to the Companies news release of June 17th, 2016, American Lithium Corp. has received TSX-V approval to acquire all of the outstanding shares of 1074654 B.C. Ltd
Holds the right to acquire up to a 70 % interest in and to the Clayton Valley BFF-1 project “the Property” located in Nevada.
Following the exercise of the Option, the American Lithium Corp shall have a seventy (70%) interest in and to the Property, with Nevada Energy Metals retaining the balance.

July 19, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that, subsequent to the Companies news release of June 17th, 2016, American Lithium Corp. has received TSX-V approval to acquire all of the outstanding shares of 1074654 B.C. Ltd which holds the right to acquire up to a 70 % interest in and to the Clayton Valley BFF-1 project “the Property” located in Nevada.

American Lithium Corp. now assumes the obligations in respect to the previously announced option agreement, which in addition to a non-refundable deposit of USD$25,000 (paid) is USD$2750,000 and 1,200,000 million common shares of American Lithium Corp. in three tranches on or before the second anniversary of closing, and $1-million in exploration expenditures on or before the third anniversary.

Following the exercise of the Option, the American Lithium Corp shall have a seventy (70%) interest in and to the Property, with Nevada Energy Metals retaining the balance. Thereafter, the parties will work diligently and in good faith to negotiate the terms of a joint venture to advance development of “the Property. The joint venture will provide that expenditures on the Property will be funded on a pro rata basis, based upon the respective parties proportionate interest in the Property. In the event that any one party declines to fund the expenditures in proportion to their interest, their respective interest in the joint venture shall be reduced accordingly, provided that no party shall be diluted below a fifteen (15%) interest in the Property.

Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are delighted to have American Lithium Corp as our partner with which to advance the Clayton Valley property. The BFF-1 Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation and lies only two hundred meters to the north west side of their property. We look forward to an exciting exploration program being carried out in the months ahead.”

About the BFF-1 Project:

The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims cover an area of approximately 623 ha (1,540 acres) on the north-western side of the original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak Range front on the west and by an outlier of Paleozoic rocks known as Goat Island on the east. The exploration concept is that the graben is a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.

The Clayton Valley BFF-1 NI 43-101 Technical Report by Alan Morris, CPG, QP, states “The property has strong potential to host Lithium brine deposits in favorable geologic horizons within the basin fill. Another possible target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.” (April, 2016)

Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008) indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium brine as it may represent a separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.

Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is now the Clayton Valley BFF-1 project. Bottom hole temperature was 50?C (122?F) which showed moderate potential for geothermal power. Of significance, the well encountered a 25-foot-thick zone of volcanic ash reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic ash in this hole is significant in light of that, it is the presumed source for at least some of the lithium in the brines (Price et al, 2000).

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 100% ownership in 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. 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, 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. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Tags: #mining, #smallcapstocks, $TSXV, American Lithium Corp., clean energy, CSE, green energy, lithium
Posted in Nevada Energy Metals, Small Cap Lithium Stocks | Comments Off on Nevada Energy Metals Announces Update: American Lithium Corp Joint Venture in Clayton Valley $BFF.ca

Durango Finalizes Exploration Plan For Nemaska Whabouchi Area Properties $DGO.ca

Posted by AGORACOM-JC at 9:45 AM on Monday, July 18th, 2016

Finalized its exploration plan for its properties near Nemaska Lithium’s Whabouchi deposit
One of the closest land positions to Nemaska Lithium’s proposed Whabouchi pit
Boundary 1.4 kilometres to the east of the proposed pit and contiguous with more than 8 kilometres of Nemaska’s property boundary

Vancouver, BC / July 18, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it has finalized its exploration plan for its properties near Nemaska Lithium’s Whabouchi deposit in northern Quebec. Durango boasts one of the closest land positions to Nemaska Lithium’s proposed Whabouchi pit, with its boundary 1.4 kilometres to the east of the proposed pit and contiguous with more than 8 kilometres of Nemaska’s property boundary.

The first phase of exploration will consist of a detailed mapping and sampling program and will take place over the course of approximately two weeks, commencing in early August. The program will target geophysical and historical lithogeochemical anomalies, with the goal of identifying pegmatite bodies underlying the property. Various targets of the survey are outlined below.

Of particular interest to the Durango technical team are a series of geophysical signatures in both the historical total field and gradiometric magnetic surveys reported in the 2011 Tucana Lithium Report on the Abigail Property (1). These anomalies indicate some potential for an extension from the Whabouchi deposit, or a trail of similar pegmatite intrusions, towards the northeast, crossing the north-central portion of Durango’s eastern claim block, as shown below in Figure 1 and Figure 2.

Figure 1: Total Field Magnetic Survey

Click Image To View Full Size

Figure 2: Gradiometric Magnetic Survey

Click Image To View Full Size

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

The Company cautions that these are preliminary interpretations. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in mineralization or mineral resources being identified on the property.

Durango has also coordinated with the Cree First Nation of Nemaska to arrive on site in the coming weeks. The Company is fully financed to execute the first phase of exploration at its Nemaska properties, as well as its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan (see Durango news, July 13, 2016).

Pending the success of the sampling program and identification of any anomalous lithogeochemical values, the following phase may consist of trenching across the identified anomalous zones, as warranted. Further information on the second phase of exploration will be provided after the conclusion of Phase 1.

Marcy Kiesman, CEO of Durango comments, “We were very pleased to hear on July 13th, Nemaska Lithium announced a drill program targeting the eastern zone of its proposed Whabouchi pit to add near-surface resources. This new information, in addition to the surge of recent activity in the area, has greatly reinforced the potential of Durango’s key land position in the Nemaska region. We expect to get boots on the ground following the completion of our sampling program at Dianna Lake, which is currently underway.”

Additionally, the board has granted an aggregate of 650,000 options to directors, officers and consultants of the Company. Each option is exercisable for one common share at an exercise price of $0.10 for a period of two years from the date of grant.

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

References

(1)Theberge, D. (2011). NI 43-101 Technical Report Pertaining to the Abigail Property, Nemiscau Area, Northern Quebec, Canada, prepared for Tucana Lithium Corp.

About Durango Resources

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the purchase, development, completion of the Financing, 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.

Tags: #mining, #smallcapstocks, $TSXV, CSE, lithium, Nemaska Lithium Inc.
Posted in Durango Resources, Small Cap Lithium Stocks | Comments Off on Durango Finalizes Exploration Plan For Nemaska Whabouchi Area Properties $DGO.ca

Nevada Energy Metals Options-out Second Lithium Project in Nevada $BFF.ca

Posted by AGORACOM-JC at 8:36 AM on Friday, July 15th, 2016

Agreed to an Option Agreement where Wildcat Exploration Ltd.
Acquire a 100% interest,
Subject to a 3% Net Smelter Royalty,
348 mineral claims located in Dixie Valley, Churchill County, Nevada

July 15, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has agreed to an Option Agreement where Wildcat Exploration Ltd. can acquire a 100% interest, subject to a 3% Net Smelter Royalty, in 348 mineral claims located in Dixie Valley, Churchill County, Nevada. The Option Agreement is “non-arms’ length” and so constitutes a related party transaction, as the Company’s President and CEO, Rick Wilson, is also a director of Wildcat Exploration Ltd., and is subject to TSX Venture Exchange (the “Exchange”) approval.

The DVA 1 to 348 placer claims, having an area of approximately 2,817 hectares/6,960 acres, covers a significant portion of the Humboldt Salt Marsh playa. Of the seven characteristics favorable for the formation of a Lithium brine deposit, as outlined in the USGS deposit model, all seven are found in Dixie Valley. The Lithium deposit model for Dixie Valley is a Clayton Valley style brine deposit.

Pursuant to the terms of the option agreement, Wildcat Exploration Ltd has 36 months within which to exercise the option as follows:

-USD $20,000 non-refundable deposit on signing;-USD$ 180,000 payable and 2,000,000 common shares issuable upon Exchange approval;-2,000,000 common shares issuable on the first anniversary date;
-2,000,000 common shares issuable on the second anniversary date

-USD$ 1,250,000 in eligible on or before the third anniversary date of the Option Agreement.

In certain instances and subject to Exchange approval, the Company may pay finder’s fees to eligible persons (“Finders”) in regards to the Option Agreement with Wildcat Exploration Ltd., consisting of cash and or common shares.

Dixie Valley Overview

Dixie Valley is located in west central Nevada, about 160 km east northeast of Reno. The entire basin is about 98 km long and up to 16 km wide. Humboldt Salt Marsh occupies the central part of the playa and is about 10 km north-south and 6 km east-west.

Dixie Valley is home to a large and long-lived geothermal system that is still active. The Caithness Dixie Valley geothermal power plant is producing about 64 megawatts of electricity making it the largest geothermal power plant in Nevada. The active geothermal system extends about 30 km roughly north – south along the entire west side of the valley. The heat source appears to be simple very deep circulation into the crust and is not related to igneous activity.

Very little exploration work has been directed at Lithium in this area. Geothermal water in the basin contains up to 4.89 ppm Lithium and stream sediment samples from the adjacent Stillwater range show values to 80 ppm Lithium. Geologically, recent volcanic ash from the Long Valley Caldera (Bishop Tuff) and Mono craters are expected to be found within catchment area of the basin and within the basin fill sediments. One major productive horizon in the Clayton Valley brine field is thought to be Bishop Tuff deposited and preserved in the basin (Zampirro, 2004).

Dixie Valley is a closed fault-bounded basin having the lowest elevation point (1031 m, 3383 ft.) in the Northern Great Basin as measured on the Humboldt Salt Marsh playa. Given the valley has been a closed basin for at least 500,000 years and probably much, much longer, plenty of time has elapsed for evaporative concentration of Lithium bearing geothermal and surface water. The valley appears to be about 2,000 meters deep, primarily filled with poorly sorted coarse conglomerate, gravel, sand and silt with volcanic rocks, and tuff beds, and finer sediments in the lower third of the section (Blackwell et al, 2014).

The conceptual deposit model is as the basin went through multiple wet and dry periods, Lithium dissolved by deep circulating geothermal fluids or leached from local rock units by surface and near surface water, seeped into the basin where it was concentrated by evaporation. Heavier brines sink into the deeper levels of the basin or flow downward along tilted permeable beds, potentially forming subsurface pools of Lithium rich fluids. The process can be likened to an inverted oil field, with the target material being descending fluids caught in gravity traps instead of ascending fluids caught in the tops of structures. This model is somewhat akin to placer gold deposits wherein large areas of very low grade sources are concentrated into economic grades.

The Humboldt Salt Marsh project was acquired for staking cost without royalties and a 200,000 share payment to the locator.

The contents of this news release has been approved by Alan J. Morris CPG who serves as the project geologist and Qualified Person on the Dixie Valley Project.

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

Nevada Energy Metals Inc. is a well-funded Canadian based exploration company whose 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 recently completed (1) a 70/30 farm-out option JV on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based Lithium producer in North America; (2) acquisition of 100% of the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada; (3) acquisition of 100% ownership of the Black Rock property (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada; (4) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada; (5) the acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.

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 news release.

Disclaimer for Forward-Looking Information:

This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions such as Exchange approval of the Option Agreement and the Financing and the Company’s ability to exercise the Option or close the Financing, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.

Tags: #mining, #smallcapstocks, $TSXV, clean energy, green energy, lithium
Posted in Nevada Energy Metals, Small Cap Lithium Stocks | Comments Off on Nevada Energy Metals Options-out Second Lithium Project in Nevada $BFF.ca

Pacific North West Capital Acquires 5th, 100% Owned Lithium Project – The Lithman East Project – In Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 10:11 AM on Tuesday, July 5th, 2016

Pacific North West Capital (PFN) acquires 5th, 100% owned Lithium Project
The Lithman East Project is approximately 6.5 km to the east of the Tanco Mine site, in southeast Manitoba
The Tanco Mine was Canada’s largest and only producer of Spodumene, Tantalum and Cesium, producing from the Tanco Pegmatite
Spodumene is mined from Pegmatites and is one of the primary Lithium ore minerals in Hard Rock Lithium mines
To date this brings the total amounts of PFN’s claims in the Winnipeg River Pegmatite Field to 33, for a total area of 6,181 hectares (15,274 acres), making the company the largest area land holder in the Pegmatite field
The project is adjacent to and to the east of claims currently held by Tanco

July 5, 2016 Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF announces acquisition of a fifth Lithium Project in southeast Manitoba, through ground staking. The project is held by Lithium Canada, a 100% wholly owned subsidiary of PFN.

The Lithman East Project is situated approximately 6.5 km to the east of the Tanco Mine, which currently is producing Cesium Formate, a completion fluid for the petroleum industry, with Cesium extracted from the Tanco Pegmatite. The Tanco Pegmatite was discovered in the 1920s on the west shores of Bernic Lake. The mine went into production in 1969 and is still producing today. Previously, the Tanco Mine produced Tantalum and Spodumene (a primary Lithium ore mineral in Hard Rock Lithium mines). The mine was a Lithium mineral concentrate producer from 1986, until operations were suspended in 2009, and a Tantalum mineral concentrate producer until March 2013, when operation of the Tantalum circuit ceased. The Tanco Mine is operated by the Tantalum Mining Corporation of Canada (a division of the Cabot Corporation) and was previously North America’s largest and sole producer of Spodumene, Tantalum and Cesium. The 100% owned Lithman East Project consists of 12 claims for a total area of 2,490 hectares (6,153 acres), situated east and adjacent to mineral claims held by the Tantalum Mining Corporation of Canada.

The project area is located in the Bird River Greenstone Belt and was staked to cover portions of several Pegmatite groups in the Winnipeg River Pegmatite Field. Claims cover portions of the Bernic Lake, Rush Lake, and Birse Lake Pegmatite Groups. The Tanco Pegmatite is associated with the Bernic Lake Pegmatite Group of the Winnipeg River Pegmatite Field. Historically, numerous Pegmatites have been mapped in the region, but remain under explored. Field work is being planned to explore the area during the summer and fall of 2016.

Click Image To View Full Size

Lithium Canada Development Inc. (100% wholly owned Subsidiary of Pacific North West Capital); total land holding in SE Manitoba as of July 2016: 6,181 hectares (15,274 acres).

The Tanco Pegmatite is not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite hosted in a late-stage, subvolcanic Gabbro. Current NI43-101 compliant resource calculations are not available for the Tanco Pegmatite. Academic publications have estimated the size of the deposit to be up to approximately 57 million tonnes. The last published mineral reserves (end of 1992) were 1.075 million tonnes of 0.12% Ta2O5, 3.5 million tonnes of 2.7% LiO2, and 315,000 tonnes of 23.3% Cs2O.

PFN considers the Lithman East Project to have the potential to host additional Lithium-bearing Pegmatites similar to others found in the region. The area has strong infrastructure, with active mining. The staking of this additional ground increases PFN’s claims in the Winnipeg River Pegmatite Field to 33, for a total of 6,181 hectares (15,274 acres). Lithman East Project is situated approximately 1.5 km to the southwest of the Lithium North Project, 5.5 km north of the Lithium One Project, and 9 km east of the Lithman West Project. The project has excellent infrastructure and is located approximately 150 km (93 miles) northeast of the provincial capital, Winnipeg. The recent staking efforts by the company have allowed Lithium Canada and PFN to become the largest area land holders in the Winnipeg River Pegmatite Field, in southeast Manitoba.

Further announcements with regard to joint venture partners and exploration plans will be forthcoming.

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the 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 and May 9 th , 2016). The company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21 st , 2016 and May 24 th , 2016).

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.

About the company’s Platinum Group Metals Division

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

Click Image To View Full Size

5.Exploration and development plans outlined for 2016
6.Ongoing strategic partner search for River Valley Project
7.Results for the most recent Metallurgical Testwork Study 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 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-Drill programs targeted to add more higher grade-Geological interpretation and 2D/3D modeling of all drill and surface results
-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund

of all exploration expenditures up to $300,000.

-Ongoing Strategic Partner Search for River Valley

QUALIFIED PERSON

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

Tags: #mining, #smallcapstocks, $TSXV, CSE, lithium, Lithman East Project
Posted in All Recent Posts, Pacific North West Capital | Comments Off on Pacific North West Capital Acquires 5th, 100% Owned Lithium Project – The Lithman East Project – In Southeast Manitoba $PFN.ca

Durango Receives Compilation Report For Nemaska Whabouchi Properties $DGO.ca

Posted by AGORACOM-JC at 8:17 AM on Tuesday, July 5th, 2016

Identified pegmatite outcrops on Durango’s Nemaska Whabouchi area properties
Compilation report is now complete
New satellite images were acquired which displayed outcropping of pegmatites

Vancouver, BC / July 5, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to the news release of June 27, 2016, where Mr. Donald Theberge, P.Eng., M.B.A identified pegmatite outcrops on Durango’s Nemaska Whabouchi area properties, the compilation report is now complete.

During Mr. Theberge’s compilation of information on Durango’s ground adjacent to and near the proposed Whabouchi Lithium Mine in Quebec, new satellite images were acquired which displayed outcropping of pegmatites on Durango’s properties. It has been confirmed that upon examination of the high definition satellite photos, newly identified outcrops and outcropping ridges were not previously evaluated by Tucana or any other company.

The conclusion of Mr. Donald Theberge, P.Eng., M.B.A, was that all of the “blocks of property are located in a fertile environment for lithium-bearing pegmatites, and also for gold and base metals with the EM anomalies.” It is highly recommended that exploration work is initiated immediately starting with a mapping and sampling program.

Marcy Kiesman, CEO of Durango, comments, “We are very pleased to see that each of Durango’s properties have confirmed pegmatite outcrops from the satellite photos, and more importantly, that they were not previously visited or sampled during the Tucana survey. This increases the odds of success for Durango and advances its position for discovery in the Nemaska region. The final details of the exploration program are now underway and updates will be announced as they become available.”

Additionally, further to the news release of June 30th, 2016, the non-flow through Financing has closed its second tranche and has now reached a total issuance of 2,510,000 non-flow through units at a price of $0.10 per unit for gross proceeds of $251,000. Each unit is composed of one common share and one warrant entitling the holder to acquire one additional common share at an exercise price of 15 cents per warrant for a period of one year from closing. The Company will pay a finder’s fee of $9,000 cash and 90,000 finders warrants in connection with the non-flow through financing. All securities under the placement are subject to a four month hold period from the date of closing and are subject to final TSX Venture Exchange approval.

The technical contents of this release were approved by Mr. Donald Theberge P.Eng., M.B.A., a Qualified Person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

Tags: #mining, #smallcapstocks, $TSXV, lithium, Nemaska Lithium Inc.
Posted in All Recent Posts, Durango Resources | Comments Off on Durango Receives Compilation Report For Nemaska Whabouchi Properties $DGO.ca

INTERVIEW: PFN Discusses Aggressive Entrance into Lithium Space $PFN.ca

Posted by AGORACOM-JC at 11:44 AM on Saturday, July 2nd, 2016

Lithium and Platinum group metal prices have improved dramatically in recent months
Lithium supplies remain in deficit relative to their demand
Nevada government is actively embracing the Lithium Energy market and future ventures.
Nevada Board gave final approval to the Faraday Futures $1 Billion dollar electric car factory in North Las Vegas

Hub On AGORACOM / Corporate Profile / Watch Interview

Tags: $TSXV, amex, finance, investing, investment, investor relations, lithium, micro-cap stocks, nyse, otcbb, PFN, PGM, pink, pink sheet, pink sheets, pinksheet, pinksheets, small cap stocks, stock, stock market, stocks, tsx, tsx-v, venture
Posted in AGORACOM Via Satellite, Pacific North West Capital | Comments Off on INTERVIEW: PFN Discusses Aggressive Entrance into Lithium Space $PFN.ca

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