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Canada Chrome Corporation Seeks Leave to Challenge Order Permitting AGO to Intervene in Cliffs’ Appeal of Mining Commissioner Decision

Posted by AGORACOM-JC at 9:50 AM on Wednesday, May 14th, 2014

TORONTO, ONTARIO–(May 14, 2014) – Counsel for KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) subsidiary Canada Chrome Corporation (“CCC”) has served notice that it will make a motion to the Court of Appeal for an order granting leave to appeal the order of the Honourable Justice Lederer of the Ontario Divisional Court dated April 28, 2014.

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.

Shares issued and outstanding: 777,512,273

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

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Garibaldi drills bonanza grade silver near-surface at Silver Eagle target – 2,010 g/t Ag (65 oz/ton) over 7 meters

Posted by AGORACOM-JC at 8:08 AM on Wednesday, May 14th, 2014

Photo_Asset_1
VANCOUVER, May 14, 2014 /CNW/ – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that it has intersected exceptionally high silver grades within 30 meters of surface in first-ever drilling at the Company’s 45 sq. km Rodadero North Project in central Sonora State, Mexico. A second drill hole has started.

Highlights:

  • First hole at Silver Eagle target (SE-14-01) returned 2,010 g/t Ag (65 oz/ton) over 7 meters (23.1 feet) including 3 meters (9.9 feet) grading 4,565 g/t Ag (147 oz/ton);
  • A 50-meter step-out hole to the south of SE-14-01 has commenced;
  • Garibaldi’s exploration team has identified 7 high-priority targets in addition to Silver Eagle at Rodadero North – data compilation and regional work continues.

Steve Regoci, Garibaldi President and CEO, commented: “We’re excited with these initial drill results at Rodadero where we have made very effective use of hyperspectral remote sensing technology to outline a broad area of prospective targets. Given these numbers from Rodadero, and our recent solid drill results at La Patilla, we are moving at an accelerated pace in Mexico. In northwest British Columbia, we are extremely encouraged by the near-term discovery potential of our flagship Grizzly Project that covers more than half of the Sheslay Cu-Au porphyry district mineralized corridor. Garibaldi is uniquely positioned in two friendly jurisdictions to build shareholder value.”

Silver Eagle Target, Rodadero North

The first hole at Silver Eagle, drilled with Garibaldi’s company-owned rig, was designed to follow up on surface sampling along a silicified zone. DDH SE-14-01 intersected a strongly mineralized 7-meter zone.

Significant assay results, DDH SE-14-01:

Hole From (m) To (m) Width (m) Ag (g/t) Ag (oz/t) Au (g/t)
SE-14-1 19.5 26.5 7.0 2,010 65 0.42
includes 21.5 24.5 3.0 4,565 147 0.94
includes 21.5 22.5 1.0 7,633 245 1.5

At the present time, the geometry of the mineralized system is not known and true width for the drill intercepts remains to be determined. The widths given are downhole core lengths. The cut-off for the 7-meter intercept is 20 g/t Ag. The hole was drilled to a length of 100 meters.

The Silver Eagle target is an apparently flat lying silicified body that alters the upper parts of a conglomerate unit that overlies andesitic volcanic rocks. The silicified body is cut by several silver-bearing fractured zones that may reflect feeders to the silicified ‘cap’.

“We eagerly anticipate results from this next hole at Silver Eagle,” added Regoci. “In Mexico we’re also preparing for follow-up drilling at La Patilla and initial drilling at Iris. We have low exploration and drilling costs in Mexico, and these are also partly offset by continued royalty income from our pilot coal program at the Tonichi Project.”

Rodadero North & Rodadero South Target Areas

The Rodadero region hosts multiple precious metal occurrences over several tens of kilometers. Garibaldi has identified seven other targets at Rodadero North – Rambo, La Guata, Batuc, La Fortuna, La Colorada, Tarichi and Igualama – through mapping, sampling and the use of the Company’s proprietary hyperspectral database. To date, two targets have also been outlined at Rodadero South, where less exploration has been carried out, approximately five kilometers southeast of Rodadero North. A map showing the two project areas and targets is attached with this release and will be posted at www.GaribaldiResources.com in the Mexico “Projects” section under “Rodadero”. Alamos Gold’s Mulatos mine and Agnico Eagle’s La India mine are approximately 90 kilometers to the southeast.

Live Webinar and Corporate Video

Garibaldi will be conducting a live investor Webinar Wednesday, May 21, beginning at 1:15 p.m. Pacific (4:15 pm Eastern) through MarketSmart Communications Inc., official investor relations for Garibaldi. Log-in instructions for this presentation can be found on the Garibaldi homepage (www.GaribaldiResources.com).

Garibaldi is also pleased to announce the release of an updated short corporate presentation (video). You can view the video by going to the following web site URL:

http://www.garibaldiresources.com/s/Media.asp#video

Quality Assurance & Control

Garibaldi maintains strict QA-QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. Acme Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) performed assay analyses on core reported in this release, and ALS Global (formerly ALS Chemex) performed analyses on rock samples. All samples were assayed using certified and industry standard assay techniques for gold and multi-element packages and for over-limits. Au was analyzed by 30 or 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP. Samples in excess of 1,500 g/t Ag were analyzed by gravimetric methods.

Qualified Person

Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms length Qualified Person for the Company’s Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

Image with caption: “Garibaldi drills bonanza grade silver near-surface at Silver Eagle target, Rodadero (CNW Group/Garibaldi Resources Corp.)”. Image available at: http://photos.newswire.ca/images/download/20140514_C8286_PHOTO_EN_40292.jpg

GARIBALDI RESOURCES CORP.
1150 – 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851
Website: www.GaribaldiResources.com

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KWG Resources Inc.: Black Horse Chromite Resource Now 77.9 Million Tonnes @ 35.3%

Posted by AGORACOM-JC at 10:11 AM on Tuesday, May 13th, 2014

TORONTO, ONTARIO–(May 13, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) has received from Sibley Basin Group Geological Consulting Services Ltd. an updated geological report and calculation of the resources inferred from drilling data recovered to date from the Black Horse chromite deposit. The report dated May 12, 2014 was authored by Alan Aubut, P. Geo., under the provisions of National Instrument 43-101. The resources inferred therein were additionally informed by three drill intercepts generated during the winter 2014 drilling campaign and by the intercept in hole FNCB-13-031 which was not used in the 2013 calculation due to it being located 50 metres west of the western claim boundary on the adjoining claim of Noront Resources Inc. The report provides in part:

Using the drill hole data available as of May 6, 2014, an Ordinary Kriged block model was created for the Koper Lake Project chromite deposit. The volume modelled is 0.6 km long and has a down dip extent of approximately 1.0 km with the top of the mineral zone as high as 350 metres below surface and has been traced down to a depth of approximately 1400 metres below surface. All of the resources present have a low confidence in the estimate such that they can be classified only as Inferred Resources. The following table provides the identified Inferred Resources using a cut-off of 20% Cr2O3.

  1. CIM Definition Standards were followed for classification of Mineral Resources.
  2. The Mineral Resource estimate uses drill hole data available as of May 6, 2014.
  3. The cut-off of 20% Cr2O3 is the same cut-off used for the Kemi deposit as reported by Alapieti et al. (1989) and for the nearby Big Daddy chromite deposit (Aubut, 2012).
  4. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Using this 20% cut-off, there are 77.9 million tonnes at a grade of 35.3% Cr2O3 of Inferred Resources. Due to the uncertainly in the estimate and that no mineability and dilution studies have been applied to these resources, they may not all be economically recoverable.

The drill hole spacing is 100 to 300 metres with several off-azimuth holes. To date only 8 holes have tested the mineral zone on the property and most of these intersections are very steep and cut the zone at a very oblique angle. As a result there is poor confidence in the lateral continuity of the mineralization to a degree that all of the defined resources can be classified only as Inferred Resources at this time.

The deposit remains open on strike to the northeast and at depth. The increase in the size of the inferred resource is the result of thickening of the deposit with depth. The true width of the deposit ranges from approximately 100 metres at the southwestern end to about 25 metres in the northeastern half. The southwestern half of the deposit is dominantly layered chromitites while the northeastern half is dominantly massive chromitite. It is recommended that initially, further drilling be done to better define the limits and continuity of the mineralisation in the northeastern half, and secondly by infill drilling. The estimated cost of the initial program is $3.5 million.

Maps and a cross-section can be viewed on the KWG websites: www.kwgresources.com

M.J. (Moe) Lavigne, P.Geo., is the Qualified Person (QP) with respect to this project and has reviewed and approved the related information within this press release. Alan Aubut, P.Geo., author of the 43-101 report, has reviewed and approved the related information within this press release.

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.

Shares issued and outstanding: 777,512,273

Contact Information

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext. 103
[email protected]

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KWG Announces Completion of Chromium Intellectual Property Acquisition

Posted by AGORACOM-JC at 8:09 PM on Monday, May 12th, 2014

TORONTO, ONTARIO–(May 12, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to announce the completion of its agreement to acquire fifty-percent of the ownership rights in two United States provisional patent applications relating to the production of chromium iron alloys directly from chromate ore, and the production of low carbon chromium iron alloys directly from chromite concentrates (the “Chromium IP Transaction“) announced on April 21, 2014. The Chromium IP Transaction includes the right to use these provisional patent applications as the basis for filing additional patent applications in the United States, Canada and elsewhere worldwide and includes a fifty-percent interest in any of the vendor’s associated intellectual property (the “Chromium IP”).

The parties’ interests in the Chromium IP will be held through a limited partnership (the “LP“) established by the vendor and KWG for purposes of completing the Chromium IP Transaction and developing and exploiting the Chromium IP. The limited partners of the LP are a wholly-owned subsidiary of KWG and a corporation beneficially owned by the vendor. The general partner of the LP, which will manage the business of the LP, is another wholly-owned subsidiary of KWG.

The vendor assigned its fifty-percent interest in the Chromium IP to the LP in exchange for 25 million units of KWG (each, a “Unit“), with each Unit comprising one common share of KWG and one common share purchase warrant of KWG exercisable at a price of $0.10 for 5 years from closing.

KWG now has the option to acquire a further 25% interest in the Chromium IP from the vendor (held through the LP) in exchange for the issuance of an additional 12.5 million Units to the vendor at any time within one year (the “First Option“). If the First Option is exercised, KWG will have an additional option to acquire the vendor’s remaining 25% interest in the Chromium IP (held through the LP) in exchange for the issuance of a further 12.5 million Units to the vendor at any time within one year after the exercise of the First Option (the “Second Option“), thereby acquiring 100% of the LP.

The closing of the Chromium IP Transaction remains subject to the final acceptance of the TSX Venture Exchange.

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 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 or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Should one or more of these risks and uncertainties, such as: the actual results of current exploration programs, the general risks associated with the mining industry, adverse changes in commodity prices, currency and interest rate fluctuations, increased competition and general economic and market factors, the risk that the new method of refining chromite ore into ferrochrome by means of natural gas that is the subject of the Chromium IP Transaction does not prove efficient or economical, the scope, likelihood of grant, enforceability, infringement, freedom to operate, and commercial value relating to the patent applications to be used to support the commercialization of the Chromium IP, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the Chromium IP, and any expected benefit of commercialization relating thereto 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.

Shares issued and outstanding: 752,512,273

Contact Information

 

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

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Liberty Star Signs Final Settlement Agreement and Release of All Claims on Big Chunk Property, Alaska

Posted by AGORACOM-JC at 9:20 AM on Monday, May 12th, 2014

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) is pleased to announce a final settlement agreement and release of all claims has been signed by Liberty Star Uranium & Metals Corp. and Northern Dynasty Minerals Ltd. (“Northern Dynasty”) (NYSE: NAK), including its subsidiary/affiliate U-5 Resources Inc.

According to the signed agreement, all of the terms of the Loan and Mining Claims Sale Agreement dated June 29, 2010 (amended on July 15, 2010, September 8, 2011, November 2011, November 13, 2012 and November 20, 2012) have been satisfied; Northern Dynasty releases the Company from all claims. Accordingly, the final settlement agreement and release of all claims confirms that all obligations addressed in the November 13, 2012 loan settlement agreement, as amended on November 20, 2012, are extinguished.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Contacts

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

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Bold Ventures Inc. and KWG Resources Inc.: Drill Program Successfully Extends Black Horse Chromite Deposit and Discovers Gold on Koper Lake Project in Ring of Fire

Posted by AGORACOM-JC at 10:21 AM on Wednesday, May 7th, 2014

TORONTO, ONTARIO–(May 7, 2014) – Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold”) and KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) are pleased to jointly announce the following drilling results from the second diamond drill program on their Koper Lake Joint Venture in the Ring of Fire Northeastern Ontario, which is under option by Bold from Fancamp Exploration Ltd. (see Bold’s press release dated January 7, 2013). In turn KWG has optioned the property from Bold on terms that are described in a Bold press release dated March 4, 2013. If KWG fulfills all of the optional commitments to earn the 100% working interest in the Koper Lake Property under the agreement with Fancamp, then, in the case of chromite resources, KWG would hold an 80% working interest and Bold would hold a 20% working interest in the development of the chromite resources in accordance with the Chromite Interest feasibility study required to be produced to earn the interest in the property. Furthermore, at the completion of the earn in requirements Bold would have an 80% working interest in any and all metals other than chromite and KWG would have a 20% working interest in any and all metals other than chromite.

Preparations of the camp and drills began January 1, 2014 and the first hole was collared on January 18th, and the second on January 22nd. First Nations people were employed on site, with Haveman Bros. from Kakabeka Falls near Thunder Bay providing procurement and camp services and Orbit Garant Drilling Inc. of Val-d’Or, Québec providing the contract drills.

During the program, 6 holes were completed (FN-14-038 to 043) totaling 4,645 metres. (see Table below for drill-hole statistics and the maps below for location)

Program Objectives:

The primary objective of the program was to increase the size of the inferred resource contained by the Black Horse chromite deposit. The drilling plan was designed such that the chromite intercepts were optimally spaced with respect to existing intercepts to permit the designation of the delineated chromite mineralization as an inferred resource. As such, drill holes were laid out to intercept the downward projection of the previously defined chromitite.

The secondary objective was to test an east-west trending gravity anomaly delineated by a detailed ground gravity survey conducted during the 2013 drilling program. The anomaly is located 1 kilometer northeast of the Black Horse chromite deposit, a location previously designated as the C-6 target on the basis of a prominent north-south trending magnetic anomaly that resembles the anomaly associated with the Eagles Nest nickel-copper-PGE deposit on the neighbouring Noront Resources mining claims.

Maps and a cross-section can be viewed on the Bold and KWG websites: www.boldventuresinc.com, www.kwgresources.com

Drill results – Black Horse:

Three holes, FN-14-040, 042 and 043, intercepted chromite mineralization confirming the continuity of the Black Horse chromite deposit. Also reported here is the assay results of drill-hole FNCB-13-031, a hole drilled during the 2013 program. This hole, drilled sub-parallel to the north-south boundary with the neighbouring Noront Resources property, crossed the boundary due to an unusually high degree of curvature. Noront took possession of all drill-core from that portion of the hole that was within their property. Noront proceeded to document the core and submit it for assay. These assay results were subsequently released to Bold and KWG.


The interval reported is not true width. True width will be determined during resource modeling.

Hole FNCB-13-031 intersected 130.22 metres (427 ft.) of chromite mineralization, from 795.28 to 925.5 metres, in a well layered sequence of heavily disseminated, semi-massive and massive chromitite. This 130.22 metre interval has a weighted average grade of 25.31% Cr2O3. It includes higher grade intervals, 44.81 metres, from 795.28 to 840.09 metres, grading 32.08% Cr2O3; and 25.87 metres, from 869.2 to 895.07 metres grading 35.60% Cr2O3. This intercept is 25 to 50 metres west of the claim boundary at a depth ranging from 710 to 830 metres from surface.

Hole FN-14-040 intersected 129 metres (423 ft.) of massive chromite mineralization containing silicate clast, from 1053 to 1182 metres with an average grade of 37.63% Cr2O3. This includes higher grade intervals of 70.5 metres (231 ft.), from 1111.5 to 1182 metres grading 42.02% Cr2O3, and 19.5 metres (63 ft.), from 1111.5 to 1131 metres grading 45.78% Cr2O3. This intercept is located at the midpoint of the known strike extent of the deposit in the vicinity of hole FN-10-26, at a depth of 1040 to 1185 metres (3,412 to 3,887 ft.) from surface. This hole confirms that chromite distribution transitions from being well layered in the southwest to consolidating as thick massive beds to the northeast.

Hole FN-14-42 intersected 174.96 metres (574 ft.) of chromite mineralization, from 896.55 to 1071 metres, in a well layered sequence of heavily disseminated, semi-massive and massive chromitite. A 154.07 metre (505 ft.) interval from 901.07 to 1055.14 metres has an average grade of 25.04% Cr2O3, including a 35.78 metre (117 ft.) interval from 918.99 to 954.77 metres with an average grade of 31.92% Cr2O3. This intercept is 50 metres (164 ft.) east of the claim boundary at 845 to 995 metres (2,772 to 3,264 ft.) from surface.

Hole FN-14-43 intersected 88.04 metres (288 ft.) of chromite mineralization, from 712 to 800.52 metres with an average grade of 24.71% Cr2O3, in a layered sequence of heavily disseminated, semi-massive and massive chromitite. A 36.43 metre (119 ft.) interval, from 756.26 to 792.69, has an average grade of 36.43% Cr2O3.

In summation, the 2014 drilling campaign has not only demonstrated the continuity of the chromite mineralization, it found that it is substantially thicker than anticipated.

Drill results; C-6 target, gold discovery:

Three holes, FN-14-038, 039 and 041 tested the east-west gravity anomaly at the C-6 target area, one kilometer northeast of the Black Horse chromite deposit, for potential chromite mineralization.

Hole FN-14-038 was collared south of the anomaly and drilled northwards where it intersected chromite bearing pyroxenites and peridotites from 40.62 to 214.22 metres. The chromite is irregularly dispersed as fine and heavy disseminations and short intervals of semi-massive chromite. Assays ranged up to 19.29% Cr2O3 over 0.67 metres.

Hole FN-14-039 was collared 100 metres (328 ft.) south of hole 038, and drilled northwards underneath hole 038. Chromite bearing pyroxenite was intersected from 170.9 to 302.05 metres with assays ranging up to 7.92% Cr2O3 over one meter. The pyroxenite from 170.9 to 302.05 was subjected to shearing, alteration and veining resulting in a quartz-magnesite-talc breccia with occasional disseminated sulphides and fuchsite. From 223.97 to 224.47 metres, a 0.5 meter quartz vein containing 15% chalcopyrite, 1% pyrrhotite assayed 8.85 grams per tonne gold. A re-assay of this sample was 12.20 grams per tonne gold.

A one meter sample from 198 to 199 metres was assayed in duplicate as a result of the QA/QC protocol. These two assays were 2.2 and 2.45 grams per ton gold. A re-assay of this sample was 3.25 grams per ton gold. This sample was of a sulphide poor quartz-magnesite-talc breccia.

Hole FN-14-041 was collared 105 metres east of hole 039. It intersected the quartz-magnesite-talc breccia from 71.5 to 177.5 metres, all of which was assayed, the highest gold assay being 143 ppb. The remainder of the hole, to 363 metres, consisted of altered pyroxenite without chromite.

The quartz-magnesite-talc breccia intersected in holes FN-14-039 and 041 is interpreted to be the extension of the same breccia zone intersected 15 times in the vicinity of the Black Horse chromite deposit and which is interpreted to be the extension of the gold bearing JJJ zone on the adjacent Noront property.

Future Work:

A revised 43-101 compliant resource calculation will benefit from the three significant new chromite intercepts produced during this program. The better understanding of chromite distribution in the Black Horse deposit will focus future drilling towards the higher grade northeastern portion of the deposit which remains open at depth and on strike to the northeast. An evaluation of previous geophysical surveys will be undertaken in context of potential sulphide rich gold mineralization.

Sample Preparation, Analyses and Security:

The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill core was NQ in size and assays are completed on split or sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Activation Labs (“Actlabs”), an accredited assay laboratory, in Thunder Bay, Ontario.

Stringent QAQC procedures are followed. Samples are shipped to the laboratory in batches of 35 samples. Each sample batch includes 2 standards, 1 blank, and 1 duplicate that are inserted on site, plus a duplicate coarse reject and 1 duplicate pulp that are prepared at the laboratory and inserted. In addition, Actlabs also employs a rigorous in-house QAQC regime which includes standards, blanks and duplicates.

Once the final assays are received from Actlabs and prior to any data being released to the public, a review of all QAQC data is conducted by an independent qualified person to ensure that the data released are within predetermined norms.

All samples are analyzed by Actlabs at either their main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility. Both laboratories are ISO accredited. All samples are assayed for:

  • Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs code 1C-OES).
  • 15 major element oxides, including Cr2O3 by fusion-XRF (Actlabs code 4C).

M.J. (Moe) Lavigne, P.Geo., is the Qualified Person (QP) with respect to this project and has reviewed and approved the related information within this press release.

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.

Bold Ventures Inc.
416-864-1456
www.boldventuresinc.com

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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St-Georges Provides Corporate Update

Posted by AGORACOM-JC at 2:45 PM on Tuesday, May 6th, 2014

 

Montreal, Quebec / May 6, 2014 / St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (FSE: 85G1) would like to inform its shareholders and stakeholders about the progress of its operations. The Company would also like to inform its shareholders that it filed its annual financial statements and management’s discussion and analysis or MD&A on April 30, 2014, for the period ended December 31, 2013. The financial statements and MD&A are available on SEDAR at the address www.sedar.com under St-Georges Platinum.

Zambian Projects

The Company entered into a binding agreement to acquire two Copper-Cobalt-Gold projects in Zambia on February 5, 2014. The initial agreement called for a 90-day due diligence to expire at midnight Eastern Standard Time on May 5, 2014. Due diligence is progressing at a good pace with most of the title verification completed. Geological and Metallurgical testing will take additional time. St-Georges’ technical team has adopted a sceptical approach in reviewing the recent production data due to the high numbers and especially very high copper and cobalt grades reported to the Company by the operator on site. The Company had expected to rely on independent third party visit reports to conclude the due diligence but, in light of the current situation, management has decided to send a team on site later this month or in the early part of the month of June. Management also plans to acquire 500 metric tonnes of production mineral concentrate from the current Mwinilunga production in order to independently verify the grades and conduct metallurgical testing. Large portion of this bulk test will be conducted by AGAT Laboratories in Canada. The company also plans to hire two local mining engineers in the month of May to help with this due diligence effort. Finally, independent laboratory testing of the shipped material, and selected grab samples taken along the reef structure on Mwinilunga are expected this month and the Company will release more details about the progress of the due diligence conducted on site later this month.

The Company expects to conclude its due diligence no later than June 30, 2014 and would like to put the agreement to a shareholders vote at a Shareholders meeting as soon as the due diligence has been completed. The acquisition would be finalized right after a positive vote at the Shareholder Meeting expected in August 2014.

On May 5, 2014, the Company signed an amendment to the February 5, 2014 binding term sheet agreement that extends the due diligence period option until June 30, 2014 and the proposed closing date to no later than August 31, 2014.

Other Corporate Matters

Metallurgical Extraction Technologies Subsidiary

On December 3, 2013 the Company announced that it had entered into an option agreement with Allied Nickel in order to acquire a North American Exclusive License for Patented Technologies controlled by Allied. Lack of financial resources and time constraints caused by the acquisition of the Zambian projects limited the abilities of the Company to conduct a satisfactory due diligence on the technologies at stake. Allied informed the Company that they are willing to negotiate new terms or a new agreement with St-Georges but no details have been communicated as yet. St-Georges consider that there is no current agreement for the time being and it is evaluating other avenues to advance its intentions to build a metallurgical and processing technologies division.

Highlights from the Audited Financial Statements for the year ended December 31, 2013

  • — Total assets of the Company as at December 31, 2013 were $1,428,804 following a write down of $6,796,442 to recognize an impairment in the value of its Quebec mining exploration and evaluation assets.– Shareholders’ equity in St-Georges was $270,675 as at December 31, 2013.– As at December 31, 2013 St-Georges had negative working capital of $493,533 compared to negative working capital at December 31, 2012 of $1,672,027.

    — As at April 30, 2014, the Company had 28,448,661 common shares issued and outstanding. At the closing price of $0.125 on that date, the market capitalization of St-Georges was $3,556,083.

According to Vivian Doyle-Kelly, Chief Financial Officer of the Company, “2013 was a year of transition as St-Georges addressed its management structure and balance sheet in order to position itself to develop its strategic vision and take advantage of opportunities which it has identified”

About the Zambian Projects

The Mwinilunga Copper-Cobalt-Gold Project. Covering 740 hectares (7.4 km2) , the project is located close to the Angola and DRC borders and is in the vicinity of CopperZone and Vale Inco’s Luamata Joint-Venture Project. Current small scale punctual production of 3,000 tonnes of Copper Concentrate (15%) per month on the mining license will be consolidated under St-Georges’ control at closing of the transaction, and will be managed under a service agreement to be finalized before the end of the due diligence period.

The Shongwa IOCG & Nickel Project. Covers an area of 72,600 hectares (726 Km2) and is located approximately 60 km northwest of the town of Kasempa. There is a current JORC Definitive Feasibility Study (DFS) in place and the Company plans to verify and integrate the historical and JORC information into new NI 43-101 reports, and is currently evaluating the level of work required. The Company further expects to initiate work on a NI 43-101 compliant Preliminary Economic Assessment Study (PEA) later in 2014 or early 2015, conditional to the closing of the acquisition transaction.

Mr. Joel Scodnick, P.Geo. St-Georges’ Vice-President Exploration is a Qualified Person as defined by NI 43-101 and has reviewed and verified the scientific and technical mining disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas

Director & Executive Chairman

About St-Georges

St-Georges is a vertically integrated Platinum-Palladium-Gold, Copper-Cobalt & Nickel Explorer and Developer. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX, on the OTCQX under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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

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Southern Sun Minerals Inc. Seeking New Projects

Posted by AGORACOM-JC at 8:30 AM on Tuesday, May 6th, 2014

Vancouver, British Columbia / May 6th, 2014 / SOUTHERN SUN MINERALS INC. (“SOUTHERN SUN”) (TSX.V: SSI.P), announces that it is currently conducting due diligence on a number of business proposals.

Currently, the Company has not concluded an agreement nor has it determined through negotiations, any actual terms or conditions at this time. The Company is aggressively pursuing various opportunities and is continuing to review proposals that meet the Company`s criteria for investment or acquisition in areas of agri-mining, research and development, science and technology, retail products and the legal industrial hemp and medical marijuana business sectors.

Although the Company may not necessarily conclude any new business ventures, it will take the necessary steps to comply with all regulatory and exchange rules in the event it does do so.

On other matters, the Company is considering plans for a summer exploration program on its Galleon project in Alaska. The property is located approximately 96 km (60 miles) due south of Fairbanks, Alaska. The Galleon Project has significant VMS mineralization occurrences that are known at 4 main locations on the property. The Property consists of 36 quarter-section State of Alaska mining claims. Past exploration, including mapping, rock and soil sampling and trenching as well as limited drilling, has been conducted on the Property intermittently since its discovery in 1975 by Resource Associates of Alaska. In 2011, a dipole-dipole complex resistivity induced polarization geophysics was conducted over 3.91 lie-km. Known mineralization on the Property occurs at three prospects; however, this observation must be qualified by stating that much of the Property is virtually unexplored. Mineralization on the Property is characterized by highly anomalous gold, silver, lead and zinc and is interpreted as VMS type. A 2014 exploration program consisting of soil sampling, mapping, the completion of a property-wide geologic map and a possible follow up to the detailed CRIP survey is currently in the planning process.

In view of the above, the company is giving consideration for a financing which would be applied to advance our existing project and for working capital.

On Behalf of the Board of Directors

Harry Barr
Chairman & CEO
Southern Sun Minerals 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 Note: 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.

Copyright (c) 2014 TheNewswire – All rights reserved.

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CLIENT FEATURE: (GGI: TSX-V) Recently Reported 10.4 g/t Au over 8.5 m near-surface

Posted by AGORACOM-JC at 12:40 PM on Monday, May 5th, 2014

WHY GARIBALDI RESOURCES CORP?

  • $3.2 million in working capital as per latest financials (Oct 31)
  • Attractive share structure
  • no warrants, no major financings since 2009
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch

12 Month Stock Chart

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Garibaldi Signs Option to Buy Two B.C. Cu-Au Properties

Posted by AGORACOM-JC at 4:43 PM on Thursday, May 1st, 2014

GARIBALDI EXPANDS NORTHWEST B.C. PRESENCE

Recognizing the extraordinary mineral wealth potential and dynamic pace of development in northwest British Columbia, Garibaldi Resources Corp. has acquired two highly prospective copper-gold porphyry properties within the Stikine arch to complement its flagship Grizzly project in the prolific Sheslay Valley district.

“The rapid progress at Sheslay, combined with mining and infrastructure developments regionally, accelerated our plans to target and capture more exceptional ground within the Stikine Arch at the bottom of the market cycle,” stated Steve Regoci, President and CEO of Garibaldi. “This gives our shareholders a very strategic leveraged opportunity for the future while we focus immediately and vigorously on unlocking the value of the Grizzly.”

“Garibaldi’s early bird strategy of selectively acquiring exciting key prospects exhibiting particular mineralogical features has consistently paid dividends for our shareholders,” Regoci continued. “This is evidenced by the acquisition and sale of the Temoris project in Mexico, plus the acquisition, expansion and accelerating exploration of our dominant land position, the largest of any junior, within the copper-gold porphyry rich Sheslay Valley corridor. The addition of Red Lion and Mount Saint Mary to the Garibaldi property portfolio emphasizes our confidence in a vibrant and exciting future for mining in this part of the province.”

Red Lion

The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

Option Terms

Both the Red Lion and the MSM properties were acquired from one vendor by way of a 4-year option agreement to purchase a 100% interest on the following terms: $18,500 CDN and 75,000 shares within 10 days of TSX Venture approval. Garibaldi will issue 150,000 common shares in each of the first three years of the option and 500,000 shares in the fourth year. The vendor retains a 2% NSR, half of which Garibaldi may purchase at any time for $2,000,000 CDN.

Shares Issued For Hat East and Hat East 2 Claims – Sheslay Valley

Garibaldi has issued the vendor 100,000 common shares of the Company pursuant to a property purchase agreement dated January 27, 2014, between the Company and an arms-length party for the Hat East and Hat East 2 claims comprising 1,653 hectares (see Garibaldi news release January 31, 2014). The shares are subject to applicable hold periods and may not be traded until July 10, 2014.

Corporate Fact Sheet

To view the updated Fact Sheet for Garibaldi Resources, please visit the following URL: http://www.garibaldiresources.com/i/pdf/GGI-FactSheet-April2014.pdf

Qualified Person

Carl von Einsiedel, P.Geo., a non-independent geological consultant and a Qualified Person as defined by NI-43-101, has reviewed this news release and approved the content thereof.

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