WHY GARIBALDI RESOURCES CORP?
Hub On AGORACOM / Corporate Profile / Corporate Website
TORONTO, ONTARIO–(June 2, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to announce the launch of a social media campaign this morning to promote its proposed Ring of Fire Bill to Ontario election candidates and voters. The campaign was launched this morning, will run until election day on June 12 and incorporates the following elements:
Frank Smeenk, President & CEO Of KWG Resources stated, “The Ring of Fire is an economically and socially transformative project that will benefit every citizen and community of Ontario, especially in the North, as well as all Canadians, for many generations. KWG Resources is happy to take a leadership role that helps end the political gridlock by proposing real and achievable solutions. I encourage all Ring of Fire supporters to participate in this process by having your voices heard and helping spread the message to every corner of this country. Together, we will get the Ring of Fire going.”
Support The KWG Resources Ring of Fire – Northern Ontario Job Creation Plan
WE NEED YOUR VOTE, YOUR VOICE TO HELP MAKE IT HAPPEN
| “Without a doubt, the value of the Ring of Fire’s current and future potential mineral discoveries are in the hundreds of billions of dollars and these multi-generational mines will provide enormous wealth and employment opportunities for the surrounding First Nations communities. This is an economically and socially transformative project that will positively impact not only Ontario’s northwestern frontier but the entire country as well.” |
| Ontario Ring of Fire’s Astonishing World-Class Mineral Potential |
| Huffington Post, February 18, 2014 |
THE JOB CREATION PLAN
We Have A Plan To Get The Ring of Fire Going!
After years of political indecision regarding transportation and funding of The Ring of Fire, KWG Resources is taking a pro-active approach by presenting a plan, backed by our own proposed bill, to end the gridlock and start moving the Ring of Fire forward for the benefit of all Northern Ontario communities, the Province and Canada.
HIGHLIGHTS OF OUR PROPOSED BILL
WE NEED YOUR VOTE, YOUR VOICE TO HELP MAKE IT HAPPEN
KWG Resources is appealing to three important and distinct groups for their support.
MPP CANDIDATES – KWG Resources invites you, as a 2014 Ontario general electoral candidate, to view the “Northland Development Corporation Act” below and consider passing the proposed bill upon your successful election to the Ontario legislature.
ONTARIO VOTERS – If you are a voter in the upcoming election, especially those in Northern Ontario, reach out to your local candidate ask them to support the “Northland Development Corporation Act” below. Let them know they can count on your vote if they support the proposed Bill.
CANADIANS – Even if you are not a resident of Ontario, we can all agree with the quote above that the development of this economically and socially transformative project will positively impact all Canadians.
TAKE ACTION NOW AND HELP GET THE RING OF FIRE DEVELOPED
1. Call or Email Your Local 2014 Ontario General Election Candidate
2. Sign The KWG Resources Petition For Presentation To The Next Government
3. Get Your Social Networks Involved By Sharing This Page Today
                   
MORE INFORMATION ABOUT OUR PLAN AND PROPOSED BILL
View the Overview Of The Proposed Bill
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.
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.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext. 103
[email protected]
VANCOUVER, British Columbia, May 28, 2014 — On May 24, 2014 the New York Times published a 2,900 word expose on the Canadian medical marijuana industry, centering on a chocolate factory in Smith Falls, Ontario converted to a climate-controlled marijuana plant now operated by Tweed Marijuana, a publicly traded company worth $121 million.
“The Canadian government decided to create an extensive, heavily regulated system for growing and selling marijuana,” explained the New York Times article, “The new rules allow users with prescriptions to buy only from one of the approved, large-scale, profit-seeking producers.”
The Canadian government estimates that within the next decade the marijuana business will generate more than $3.1 billion a year in taxable sales.
On May 27, 2014 Lexaria Corporation (CSE:LXX) (OTCQB:LXRP) announced that it had entered a detailed Letter of Intent for its second marijuana production facility in Eastern Ontario, Canada.
The agricultural growing facility has total potential area of over 80,000 square foot to be completed in a multi-phase development program. Lexaria will be the operator of this facility and owns 100% rights, with no overrides or royalties due to any party.
Other recent successes in the Canadian medical marijuana space are Windfire Capital whose stock price has tripled in the last 12 months and Affinor which has experienced 1000% share price increase after diversifying into medical marijuana and industrial hemp.
Like many of the new marijuana captains, Lexaria President and CEO Chris Bunka is slightly bemused to find himself in the industry.
“I’m 52 years old and I never smoked a joint in my life,” stated Bunka in an exclusive interview with Financial Press, “But I know that I can deploy capital in the medical licensed marijuana business and earn a greater return per dollar than I can in the oil and gas business.”
In 2006 Lexaria discovered an oil field in the state of Mississippi. Over the last three fiscal years, that field has produced about $100,000 a month in revenue.
“The oil field is not large enough to capture the love of the investing public,” admitted Bunka, “but it enabled us to function without doing any harm to existing shareholders.”
Bunka’s plan is to divest Lexaria’s oil assets to fund and focus on the medical marijuana industry – using the same philosophy of first protecting and then growing shareholder value.
“Our first marijuana project is a joint venture which we have a 49% stake in, with Enertopia,” stated Bunka, “Our facility is potentially as large as 75,000 feet – and municipal approval is expected soon.”
Intent that Lexaria control its own destiny, the company acquired 100% interest in a facility in Eastern Ontario.
“The building owner is contributing up to $1 million toward the renovations of the building,” stated Bunka, “In addition they are intending to invest up to $2 million in our recently announced financing, so they will become part-owners of Lexaria.”
Lexaria has not had to issue any shares in order to acquire this newest marijuana facility.
“If Lexaria has difficulties obtaining municipal approval for this building, the property owner will make another facility available in another municipality,” stated Bunka, “Let’s face it, crops are vulnerable to disease, licences occasionally get revoked. To protect shareholder value, it is important not to put all your eggs in one basket. Our intention is to spread the risk over multiple facilities.”
Over the last six years, Bunka has personally invested over $1.5 million in Lexaria. Documents posted on sedar.com confirm that the majority of the shares have been purchased on the open market. There is no record of any shares being sold by Bunka.
The medical marijuana space is heating up but Lexaria’s track record indicates that management is not looking for a quick exit. The company is adapting its business model to a new opportunity, with an eye to rapid growth and risk mitigation.
We anticipate getting approvals from the municipal government in Eastern Ontario as well as the fire department and police,” stated Bunka, “We will hire a consulting group to ensure that the licensing application meets all criteria. Shortly after this we hope to get a “comfort letter” from Health Canada confirming that there are no serious deficiencies in the application – adding another layer of shareholder security.
Lexaria is now involved in two potential marijuana production facilities, both located in Ontario, and each capable of expansion and large enough to offer significant cost efficiencies compared to smaller facilities.
“It’s just so rare that you have an industry that’s growing but which has a huge established market,” stated Tweed CEO Chuck Rifici in the New York Times article.
Most medical users consume 1-3 grams per day. Consuming 1 gram a day at $7.80 per gram is an annual expenditure of $2,847 per customer.
Lexaria is trading at .25 with a market cap of under $8 million.
Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author’s only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.
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CONTACT: 156 Valleyview Road, Kelowna, BC V1X 3M4
p. 250 765 6424
f. 250 765 6414
950, 1130 West Pender Street Vancouver BC V6E 4A4
p. 604 602 1675
f. 604 685 1602
e. [email protected]
Start your small cap medical marijuana research in the AGORACOM Small Cap Medical
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Julien Davy, President and Chief Operating Officer of Stria Lithium discusses the company’s revolutionary on-site processing technology for Technology-Grade Lithium.
Stria is engaged in the acquisition and development of clean technology mineral properties in North America. It owns the Pontax Lithium Project in Northern Quebec, and the Willcox Lithium Project located in Cochise, Arizona. The company recently announced the successful completion of its Phase 1 “proof of principle” development of a novel hard rock ore-to-lithium chloride process.
THUNDER BAY, ONTARIO–(May 26, 2014) – Media are invited to attend a press conference hosted by KWG Resources (TSX VENTURE:KWG) at 11:15 a.m. on the front steps of the Valhalla main lobby entrance, Monday, May 26, 2014. The press conference will discuss the details of the company’s Ring Of Fire – Northern Ontario Job Creation Plan, as outlined in its proposed bill “Northland Development Corporation Act”.
HIGHLIGHTS:
An overview of the proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com.
The proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com/ndca.html.
A PDF of the proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com/pdf/Northland_Development_Corporation_Act.pdf.
| Date:Â Monday, May 26, 2014 |
| Time:Â 11:15 a.m. |
| Location:Â Front steps of the Valhalla main lobby entrance |
Notable attendees include:
Frank Smeenk, President & CEO, KWG Resources
About KWG Resources
KWG Resources Inc (“KWG”) is an exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel. The company’s accidental discovery of the McFaulds Lake copper-zinc volcanogenic massive sulphide deposits in 2002 precipitated a staking rush that defined the “Ring of Fire”. For more information visit:http://www.kwgresources.com
KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]
www.KWGresources.com
AGORA Internet Relations Corp.
George Tsiolis
[email protected]
TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€)(OTCQB: LBSR) is pleased to announce that numerous requests for additional meetings throughout the Middle East to present the Company’s porphyry copper, gold, moly, REEs Hay Mountain Project in conjunction with the Mine Finders Program recently detailed in News Release 177 (May 15) have been received. The presentation program has been rescheduled, to accommodate those additional requests. Briscoe’s current plans are to depart the USA June 19 for these meetings. According to a letter from naseba dated May 20, News Release 177 has generated positive feedback “from more countries in the Middle East region than we were considering. We need to dig deeper. We feel delaying your roadshow until the end of June would allow us to open more doors and organize a multi-days, multi-countries roadshow that would be more beneficial to your company.†Countries under consideration for an expanded visit include Egypt, Kuwait, Oman, Turkey, and perhaps others.
“from more countries in the Middle East region than we were considering. We need to dig deeper. We feel delaying your roadshow until the end of June would allow us to open more doors and organize a multi-days, multi-countries roadshow that would be more beneficial to your company.â€
Based on naseba’s positive report Briscoe has agreed to reschedule his trip to Saudi Arabia and potentially other cities to present the “One Package, Two Projects†Hay Mountain and Mine Finders program. According to the naseba letter “The later date will also be more fruitful†confirmed by several additional representatives who do not have time available in May but they have in June.
States Briscoe: “the enthusiasm for the Hay Mountain composite program is gratifying. This kind of opportunity is on the forefront of modern hands on training by industry experts using new cutting edge technologies. Our goal remains to implement phase 1 drilling at Hay Mountain, and start the Mine Finders program as soon as possible.â€
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our entire planned drilling program and our planned training program. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if our proposal is accepted, we may not be able to carry out the instruction program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter @LibertyStarLBSR
OTTAWA, ONTARIO–(May 20, 2014) – Stria Lithium Inc., (TSX VENTURE:SRA) (“Stria” or the “Company”) is pleased to announce the successful completion of its Phase 1 “proof of principle” development of a novel hard rock ore-to-lithium chloride process.
Stria owns the Pontax spodumene and Willcox brine lithium properties in the James Bay region of Northern Quebec and southeastern Arizona, respectively.
On January 14, 2014, Stria announced its plans to introduce proprietary, on-site processing technologies that produce high purity lithium chloride directly from spodumene ore on an environmentally sustainable basis.
The potential benefits of the technologies is that they require less controls; less chemistry via the recycling of chemicals; require less energy due to energy recycling; reduce capital costs from the construction of smaller, compact processing facilities, and; the combination of a simple process and compact design enable easy automation.
“Stria is a technology lithium property developer with an eye to building a competitive advantage in an established global market by focusing on the introduction of cost-mitigating, upstream, environmentally sustainable processing capabilities,” said Stria President and Chief Operating Officer Julien Davy.
“With the proof of principle phase completed, we have commenced our Phase 2 optimization of kinetics and recovery testing of our spodumene ore-to-lithium chloride process,” Mr. Davy said.
“The engineering data derived from Phase 2 examinations and laboratory trials should form the bases for construction of a small scale pilot plant,” Mr. Davy added.
Stria has embarked on a strategic, technology-oriented business path to develop a proprietary, upstream processing technology for the Pontax resource, and; to further refine an existing, proven brine processing technology for the Willcox project.
With Phase 1 mineralogical and metallurgical testing program now validated, Stria will embark on follow-up exploration programs at its 100% owned Pontax and Willcox properties in tandem with pilot plant testing.
The Company’s aim is to position itself as a new, green technology source of technology lithium, an irreplaceable component for current and next-generation batteries.
Lithium metals today represent about 30% of global lithium consumption. By 2025, it is estimated that global consumption from the battery manufacturing sectors will account for some 65% of total global consumption.
About Stria Lithium Inc.
Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in Southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing costs on an environmentally sustainable basis. Stria’s technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.
Forward Looking Statement – Disclaimer
This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available 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.
Stria Lithium Inc.
Mr. Julien Davy
President and Chief Operating Officer
[email protected]
TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€)(OTCQB: LBSR) is pleased to update its shareholders and interested parties on the completion of the compilation and interpretation of the Hay Mountain porphyry copper geophysical data along with geochemistry and design of a Phase 1 drill program.
During the last 6 months significant additional details on the subsurface of the Hay Mountain porphyry copper geochemical anomaly have come to light. These are enumerated in approximate chronological order:
Required capital funding for the Hay Mountain Project would be Phase 1 drilling at US $5 million to be expended in the first year to confirm presence of ore grade mineralization. Post phase 1 drilling activities in the amount of US $60 million are to be expended over the next three years. Assuming success in defining a mineral resource, permitting, metallurgical studies, and mine planning and plant design would quickly follow as would a Bankable Feasibility Study, which would be completed at the end of year five. Production would follow and is projected to be attained in the seventh year.
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that a porphyry copper system is indicated; that Phase 1 drilling will cost US $5 million to be expended in the first year. Post phase 1 drilling activities in the amount of US $60 million are to be expended over the next three years. That assuming success in defining a mineral resource, permitting, metallurgical studies, and mine planning and plant design would quickly follow as would a Bankable Feasibility Study, which would be completed at the end of year five. Production would follow and is projected to be attained in the seventh year.
Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company’s recent S-1, its 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter @LibertyStarLBSR
|
VANCOUVER, May 20, 2014 /CNW/ – El Niño Ventures Inc. (“ELN”) (TSX.V: ELN) (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to announce that it has entered into an Option Agreement (the “Agreement”) with MMG Limited (“MMG”), whereby MMG can acquire ELN`s 70% interest in the Kasala copper project in the Democratic Republic of the Congo (DRC) for a total consideration of USD$6,000,000.00.
Option Agreement
As consideration for the exclusive right to acquire El Nino`s 70% interest in Infinity Resources Sprl, the joint venture company that owns the Kasala permits, MMG has agreed to pay a non-refundable USD$350,000. Under the terms of the Agreement, once certain conditions have been satisfied (the “Satisfaction Date”), in order to maintain the option, MMG:
| 1. | Is required to make staged payments of up to a total USD$3,000,000 consisting of an initial payment of $250,000 on the Satisfaction Date and three annual payments of $916,666; and | ||
| 2. | Must incur a total of USD$15,000,000 in exploration expenditures over the three option year period. |
If MMG exercises the option, the consideration payable by MMG to ELN is;
| 3. | USD$6,000,000 less the amounts set out above to maintain the Option (up to a total USD$3,000,000); plus | ||
| 4. | 1.5% NSR. |
Harry Barr, Chairman and CEO, stated “We are very pleased to have concluded an agreement with MMG Limited that will return immediate and long term value to our shareholders. Management has fought long and hard to secure all of the assets of its Joint Venture Company, Infinity Resources Sprl, and in particular the Kasala Permits. The recent overwhelming success in winning our claims against GCP Group in the International Arbitration hearing has provided management with the opportunity to negotiate this Agreement with MMG. We would like to thank all of our shareholders for their patience and support over this very difficult period. With a commitment to an extensive exploration program, your company will finally have the opportunity to fully realize the potential for the Kasala project”
About MMG Limited:
MMG Limited, headquartered in Melbourne, Australia, is a global resources company which explores, develops and mines base metal deposits around the world (for more information please visit MMG’s website). MMG is one of the world`s largest producers of zinc, copper, lead, gold and silver. MMG’s major shareholder is China Minmetals Nonferrous Metals Co. Ltd. (CMN), a subsidiary of China Minmetals Corporation (CMC). CMC is one of China’s major multinational state-owned enterprises. It is a diversified company with businesses in metals trading, ferrous and non-ferrous metals production, finance, real estate and logistics.
In Africa, MMG Limited owns and operates the Kinsevere high-grade copper mine located in the Katanga Province of the Democratic Republic of Congo (DRC). The Kinsevere Mine is approximately 30 km from ELN`s Kasala project with both located in a region renowned for copper and cobalt deposits of exceptional quality. With the completion of the Stage 2 project in 2011 – a $400 million solvent-extraction and electro-winning (SX-EW) plant – the Kinsevere Mine has a nameplate capacity of 60,000 tonnes of copper cathode per year. In the first quarter 2014 Kinsevere achieved a quarterly production record, producing 16,848 tonnes of copper cathode. The Kinsevere Mine also achieved quarterly records in processing and sales in the first quarter of 2014.
About the Kasala Project
One of the newest copper discoveries in the Central African Copper Belt, El Niño Ventures’ Kasala prospect is located approximately 70 kilometres northwest of Lubumbashi, Democratic Republic of Congo’s second largest city and the center of the country’s massive copper/cobalt mining industry. The Central African Copper Belt contains over 10% of the world’s copper and 34% of the world’s cobalt. The Kasala project permits are located close to the Kinsevere Mine, which is expected to produce 60,000 tonnes of copper annually for the next 13 years.
The Kasala Block A was the subject of the Company’s 2008 drill campaign. 35 Reverse Circulation (R.C.) drill holes totaling 3,336 metres and 15 diamond drill holes totaling 2,584 metres were completed on the Kasala Block (A) leading to the discovery of substantial copper mineralization.
Significant Assay results for Kasala Block (A) are:
The Kasala project has an excellent infrastructure and is ideally situated within 20 km of the national highway (a hard-surfaced all-weather road) and is also within 30 km of a rail line linking the mining centers of the Copper Belt. A high-tension electrical transmission line is located 12 km west of the projects’ boundaries. The assay results from the earlier drill programs confirm the presence of significant mineralization within the Kasala Main Zone with the potential for significant expansion of the mineralized zone, based on the results from an IP Survey completed in early 2009 which identified copper oxide mineralization at and near surface; sulphide mineralization at depth.
Kasala Prospect mineralization zone is open to expansion by drilling to the north, south and west, and to depth. As drilled, the Kasala Prospect oxide zone measures about 600m long x 400m wide x 30m thick. It is very important to note that many 2008 drill holes ended in copper oxide mineralization and to note that adjacent blocks are underâ€explored (Figure 1).
A 4,071 soil geochemical sampling program was undertaken to test numerous targets south and east of the Kasala Blocks A, B and C and expand upon the area of soil geochemistry coverage on the exploration permit. Sampling had commenced in December 2009 and was completed in late January 2010; chemical analysis of the soil samples was completed by late February 2010. The sampling utilized Quality Alliance and Quality Control protocols established during previous soil geochemical sampling programs on the project.
Figure 1. Plan view of drill collar locations in Kasala prospect area (adapted from 2008 drill report by Allan Lines). The main mineralized zone projected to surface is shaded red. Collar locations labelled MDB are reverse circulation holes. Collar locations labelled MDBDD are diamond drill holes. Note that the mineralized zone is open to expansion by drilling to the north, south and west.
(http://www.elninoventures.com/i/maps/051214ELN-map1.jpg)
Figure 2. High grade oxide drill core Kasala Project & Sulfide drill core at depth on Kasala
(http://www.elninoventures.com/i/maps/051214ELN-map1.jpg)
The sampling program identified three new copper-in-soil anomalies (Figure 3) which warrant additional investigation. The presence of a narrow (150 to 200 metres in width) anomalous zone exceeding 1,200 metres in length was identified approximately 2 kilometres southeast of Kasala Block A. This copper-in-soil anomaly corresponds to a Total Count radiometric anomaly (identified during the Company’s 2007 airborne geophysical program), which is believed to result from potassic alteration of rocks of the Roan Supergroup in contact with rocks of the Kundelungu Supergroup.
A second anomaly in the northeast of the survey area is of a lower order of copper mineralization but, notably, shows a high degree of correlation with the western terminus of a strong Total Count radiometric anomaly which exceeds 3 kilometres in length (Block B). The third new copper-in-soil anomaly is being referred to as the Kasala Western Extension (Block C). It is immediately west and south of Kasala Block A. Kasala Western Extension is a high order copper anomaly with a known length of approximately 550 metres. It is felt that these additional radiometric anomalies may represent important targets for additional exploration programs.
Figure 3. Map showing copper-in-soil values for El Niño Ventures Inc’s soil geochemical sampling program. This program has identified three new copper-in-soil anomalies which are considered significant targets for further evaluation.
(http://www.elninoventures.com/i/maps/051214ELN-map5.jpg)
About other ELN’s Research Permits in the DRC:
El Nino currently holds a 70 % interest in four well located Research Permits, accessible by road from the town of Lubumbashi in southern Congo. Each Permit is partially underlain by the highly prospective Roan Formation which hosts most of the important copper deposits in this area. The accompanying map shows the general location of the licences, as well as the location of the known principal targets delineated on permit 5217 and the focus of the drilling to date. Between 2007 and 2011, EL Nino Venture Inc., as operators of the project carried out several phases of exploration on these permits. Details of the exploration programs are demonstrated in table below;
Exploration Programs from 2007 to 2010
| Year/Date | PR5214 (Kasala) | PR5215 (Copper Mountain) | PR5216 | PR5217 (Copper Mountain) |
| 2007-July | Remote Sensing | Remote Sensing | Remote Sensing | Remote Sensing |
| 2007 Sep-Oct | Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
| 2007 Oct-Nov | 80 holes 6266 metres RC drilling |
|||
| 2007-2008 Dec- June | 2235 Soil Samples | 1244 Soil Samples | 4777 Soil Samples | |
| 2008 Jan- May | 2068 Soil Samples | |||
| 2008 June-July | 32 holes 1995 metres RC Drilling |
3215 metres RC Drilling | ||
| 2008 July to September | 56 holes 5883 metres RC Drilling 20 Holes 3583.6 metres Diamond Drilling |
|||
| 2008 September | Pole-Dipole IP survey |
|||
| 2009-2010 Dec – Jan | 4071 Soil Samples |
(http://www.elninoventures.com/i/maps/051214ELN-map2.jpg)
In 2007 ELN completed 6266 metres of RC drilling across 80 holes. One of the highlights of the 2007 drilling program was the intersection of > %3 copper over 10 metres (see below).
Three RC holes drilled on Location Anomaly 3 returned the following intercepts:
Figure 4. Location of Permits in relation to Lubumbashi (PR 5214 is Kasala)
(http://www.elninoventures.com/i/maps/051214ELN-map3.jpg)
Figure 5. 2007 and 2008 Drill hole location map Kasala and PR-5217 Projects
(http://www.elninoventures.com/i/maps/051214ELN-map3.jpg)
El Nino would like to acknowledge our joint venture partner, Mr. Hassan Sabra, who has worked continually within the framework of the Joint Venture to advance the Kasala project and tirelessly with El Nino to secure the assets of Infinity Resources Sprl.
About El Niño Ventures Inc. Bathurst Projects, New Brunswick, Canada
ELN has two active projects in the Bathurst Mining Camp: Murray Brook and the Bathurst Option Joint Venture. A recent consolidation resulted in the Company having 30.6 million shares Issued & Outstanding with a current market capitalization of approx. $2.0 million.
Murray Brook Project
The Murray Brook Project is located 60 km west of Bathurst, in the northwest part of the Bathurst Mining Camp(Figure 6). The Murray Brook deposit is a zinc-lead-copper-silver massive sulphide which is the subject of a recently completed Preliminary Economic Assessment. The project is supported by excellent infrastructure including paved roads, grid electricity and communities to provide goods, services and skilled labour. ELN and Votorantim Metals Canada (VMC) currently own 100% of the Murray Brook Project with VMC acting as the operator. VMC controls 65% and ELN controls 35%.
Figure 6- Murray Brook Project and Camel Back property location map, Bathurst Mining Camp, New Brunswick
(http://www.elninoventures.com/i/maps/051214ELN-map4.jpg)
To date, more than 28,000 metres of drilling has been completed on the Murray Brook Project. The first NI43-101 mineral resource estimation and the first metallurgical results were published in press releases dated February 2012and January 2013, respectively. On June 5, 2013 a positive Preliminary Economic Assessment was announced (see news release). The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of 11.4%, and a payback period of 5.4 years (see news release). The NI43-101 Technical Report is filed on SEDAR and also available on the ELN website (http://www.elninoventures.com).
Qualified Persons Statement
This news release has been reviewed and approved for technical contents of the BOJV and Murray Brook projects byWilliam Stone, Ph.D., P.Geo. and a Qualified Person under the provisions of National Instrument 43-101. The information in this Press Release that relates to Exploration Results for the Kasala Project is based on information compiled and reviewed by Ali Hassanalizadeh Msc., P.Geo. and a Qualified Person under the provisions of National Instrument 43-101. Mr. Hassanalizadeh has relied on Mr. Benoit M. Violette, P. Geo., consulting geologist and the Qualified Person under NIâ€43â€101.
On Behalf of the Board of Directors,
(signed)
Harry Barr
Chairman & CEO
El Niño Ventures Inc.
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.
SOURCE El Nino Ventures Inc.
For further information:
Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: [email protected] or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C., Canada, V5Z 3X7
VANCOUVER, BRITISH COLUMBIA–(May 16, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B)(Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (the “Company”) announces that it has received conditional approval from the TSX Venture Exchange to invest, through its wholly owned subsidiary, $300,000 in a private placement at .25 for 1,200,000 shares of Matnic Resources Inc. (“Matnic”), a public company that trades on the TSX Venture Exchange (TSX VENTURE:MIK). The transaction is subject to Matnic receiving regulatory approval to a reverse takeover (“RTO”) by Graphene 3D Lab (“Graphene 3D”).
In addition, Lomiko has created the new 100% owned subsidiary, Lomiko Technologies Inc. (“Lomiko Tech”). The above investment will be done through Lomiko Tech and will only proceed if the RTO receives the approval of the Exchange. This transaction is further to the Company’s investment in Graphene 3D, as approved by the Exchange on December 3, 2013. The Company made a $50,000 investment for a 15% interest and was issued 250,000 Series “A” Preferred stock of Graphene 3D. If the RTO is successful, Lomiko will exchange its 250,000 shares of Graphene 3D to shares in the newly formed graphene entity created through the RTO.
“This is an exciting time for graphene and 3D printing companies with large multi-nationals such as Imerys, Samsung and General Electric entering the market.” stated A. Paul Gill, CEO, “Lomiko Technologies allows Lomiko to invest in the future of 3D printing and graphene while Lomiko Metals works toward a 43-101 graphite resource in the near term.”
On September 17, 2013, Lomiko and Graphene Labs reported that in the first step of the conversion process of graphite to graphene, natural graphite flakes were oxidized and turned into Graphene Oxide (“GO”) by a modified Hummer’s method. The properties of graphene, including its high conductivity, mechanical strength, and high specific surface area, make it an ideal electrode material.
On January 20, 2014 Graphene 3D Lab reached a significant milestone by filing a provisional patent application for the use of graphene-enhanced material, along with other materials, in 3D Printing (Additive Manufacturing).
Additive Manufacturing is the process of creating a three-dimensional, solid object from a digital file, of virtually any shape. 3D printing is achieved using an additive process, whereas successive layers of material are laid down and create different shapes.
Adding graphene to polymers which are conventionally used in 3D printing improves the properties of the polymer in many different ways; it improves the polymers mechanical strength as well as its electrical and thermal conductivity. The method described in the provisional patent application allows consumers to use the polymer, infused with graphene, together with conventional polymers in the same printing process, thereby fabricating functional electronic devices using 3D printing.
New developments in 3D printing will allow for the creation of products with different components, such as printed electronic circuits, sensors, or batteries to be manufactured. 3D Printing is a new and promising manufacturing technology that has garnered much interest, growing from uses in prototyping to everyday products. Today, it is a billion dollar industry growing at a brisk pace
Graphene 3D Lab Inc. Background
Graphene 3D Laboratories Inc a spin-out of Graphene Laboratories Inc, and Lomiko Metals and focuses on the development of high-performance graphene-enhanced materials for 3D Printing. For more information on Graphene 3D Labs, Inc, visit www.graphene3Dlab.com
Lomiko Metals Inc. Background
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries.
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor. 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.
Lomiko Metals Inc.
A. Paul Gill
604-729-5312
[email protected]
www.lomiko.com