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Monarques Gold $MQR.ca Announces its 2018 Fourth Quarter and Year-End Results $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:42 AM on Monday, October 29th, 2018

Monarquesgold hub large

  • Fourth-quarter revenues of $10.0 million, with a 31% quarter-over-quarter increase in custom milling revenues.
  • The Wasamac feasibility study is ongoing, with the Corporation expecting to release the results in early December.
  • The Corporation has created a confidential virtual data room to provide access for parties that have expressed an interest in reviewing the data for the Wasamac project.
  • Production results for the first quarter of fiscal 2019 can be found at the end of this release.

MONTREAL, Oct. 29, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its results for the fourth quarter and fiscal year ended June 30, 2018. Amounts are in Canadian dollars unless otherwise indicated.

Highlights of the quarter

Beaufor Mine

  • Production of 4,695 ounces in the fourth quarter, down 5% from 4,932 ounces in the previous quarter.
  • Average selling price of $1,617 (US $1,273) per ounce ($1,610 or US $1,268 since the acquisition on October 2, 2017).
  • Production cash cost of $1,609 (US $1,267) per ounce sold ($1,532 or US $1,206 since the acquisition on October 2, 2017).
  • All-in sustaining cost of $2,005 (US $1,579) per ounce sold ($1,770 or US $1,394 since the acquisition on October 2, 2017).

Financial results

  • Revenues of $10.0 million in the fourth quarter from the sale of 4,589 ounces of gold combined with revenue from custom milling, which was up 31% quarter-over-quarter.
  • Net loss of $2.8 million or $0.014 per share, diluted, compared to a net loss of $0.6 million or $0.004 per share, diluted, last year.
  • Strong financial position, with $15.0 million in cash.

“Strong growth in our custom milling operations in the fourth quarter partially offset the decline in production at the Beaufor Mine, which will be temporarily shut down starting in December,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our short-term goal for Beaufor is to minimize the impact of the shut-down on our results.”

“In recent months, we have begun promoting the Wasamac project within the mining and financial communities. We recently created a confidential virtual data room to provide access for parties that have expressed an interest in reviewing data and participating in project development. With the pending release of the feasibility study results in early December, we see the Wasamac project starting to generate interest. We are confident that the parameters we have set for the feasibility study, including the use of the proven Rail-Veyor material haulage technology, will create the conditions needed to put the project into production.”

“We are also continuing to move forward with our other advanced projects, including Croinor Gold and McKenzie Break, for which drill results will be released in the coming weeks. Croinor Gold continues to impress us with multiple high-grade results and continuity of the mineralization along strike and at depth,” Mr. Lacoste concluded.

Summary of financial results

(dollars, except per share data) Quarter ended

June 30

 Year ended

June 30
2018 2017 2018 2017
Revenues 10,007,386 – 30,125,421 –
Gross margin 170,849 – 1 440,787 –
Net loss (2,782,100) (571,284) (4,776,851) (2,281,190)
Loss per share, basic and diluted (0.014) (0.004) (0.024) (0.017)
Cash flow used in operating activities (534,542) (560,596) (2,310,413) (2,163,498)
EBITDA(1) (1,084,003) (158,117) (2,533,882) (1,522,426)
(1)  Non-IFRS measure. See under “Non-IFRS measures” at the end of this press release, and in the Corporation’s financial statements and management discussion and analysis for the reconciliation of this non-IFRS measure.

 

 (dollars) June 30

2018

 June 30

2017
Cash and cash equivalents 15,046,248 7,356,155
Total assets 73,665,169 26,657,724

 

Key operating statistics

Quarter ended

June 30

 Year ended

June 30
2018 2017 2018 2017
Ounces of gold sold 4,589 – 14,856 –
Ounces of gold produced 4,695 – 15,071 –
Grade 4.95 – 4.82 –
Recovery 98.68 – 98.76 –
Key data per ounce of gold (CA $)
Average market price 1,659 – 1,665 –
Average selling price(1) 1,617 – 1,610 –
Production cash cost(2) 1,609 – 1,532 –
All-in sustaining cost (Beaufor/Camflo) 2,005 – 1,770 –
Average exchange rate (CA $/US $) 1.27 – 1.27 –
Key data per ounce of gold (US $)
Average market price 1,306 – 1,311 –
Average selling price(1) 1,273 – 1,268 –
Production cash cost(2) 1,267 – 1,206 –
All-in sustaining cost (Beaufor/Camflo) 1,579 – 1,394 –
(1) The average selling prices for the 2018 three- and twelve-month periods would be $32 and $28 higher, respectively,  if gold deliveries (861 ounces for the quarter and 2,583 ounces for the 12-month period) to Auramet in connection with deferred revenues for the periods had been recognized at market price on the date the agreement was entered into on October 2, 2017, instead of at the recorded price, representing the amounts received from future gold production divided by the ounces to be delivered.
(2) Production cash cost is a non-IFRS measure of financial performance without a standard meaning under IFRS. It may therefore not be comparable to a similar measure presented by another company. See “Non-IFRS measures” in the Corporation’s management discussion and analysis for the quarter ended June 30, 2018.

 

Corporate highlights

  • On May 31, 2018, the Corporation announced that it has retained BBA to conduct a feasibility study for its Wasamac gold project (see press release).
  • On July 19, 2018, the Corporation announced that it has filed a National Instrument 43-101 technical report for its McKenzie Break gold project on SEDAR (see press release).
  • On August 3, 2018, the Corporation announced that it has filed a National Instrument 43-101 technical report for its Swanson gold project on SEDAR (see press release).
  • On August 30, 2018, the Corporation announced that production activities at the Beaufor Mine will be temporarily suspended as of December 2018, and the mine will be placed on care and maintenance (see press release).
  • On September 10, 2018, the Corporation sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (“Chalice”) in consideration of 3 million fully-paid ordinary Chalice shares (see press release).
  • On October 5, 2018, the Corporation announced that it has acquired a 2% net smelter royalty (“NSR”) on the Chimo-Boyd claims in exchange for the issuance of 170,000 common shares of Monarques at a price of $0.28 per share and a cash payment of $8,400 (see press release).
  • On October 9, 2018, the Corporation announced that it has received conditional approval from the Toronto Stock Exchange to list the Corporation’s common shares, subject to compliance with all exchange requirements by December 30, 2018 (see press release).

Production statistics (first quarter ended September 30, 2018)

  • Monarques produced 3,604 ounces of gold in the first quarter, down 23% from 4,695 ounces the previous quarter.
  • The Corporation recorded revenues of $7.8 million in the first quarter, based on an average gold price of $1,520 per ounce (US $1,162) and the sale of 3,272 ounces, combined with revenues from custom milling operations, which increased by more than 8% during the quarter.
Beaufor Mine Quarter ended

September 30, 2018
Ore processed (tonnes) 29,375
Gold recovery (%) 97.99
Ounces produced 3,604
Ounces sold 3,272

 

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. 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 press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-announces-its-2018-fourth-quarter-and-year-end-results-300738947.html

SOURCE Monarques Gold Corporation

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Commodities Roundup: #Palladium Sets Record $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca

Posted by AGORACOM-JC at 3:18 PM on Friday, October 26th, 2018

  • Palladium has been trading at a premium to platinum for the majority of the past year, contrary to the two platinum-group metals’ (PGM) historical relationship.
  • In fact, palladium recently breached the $1,000 per ounce mark for the first time in eight months, and earlier this week hit a record high of $1,150.50 an ounce.

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets.

From price movements to policy decisions, we scour the landscape for what matters. This week:

Palladium Peaks

While other metals have had their ups and down, palladium has been soaring this year.

Palladium has been trading at a premium to platinum for the majority of the past year, contrary to the two platinum-group metals’ (PGM) historical relationship. In fact, palladium recently breached the $1,000 per ounce mark for the first time in eight months, and earlier this week hit a record high of $1,150.50 an ounce.

Palladium is most commonly known for its use in automotive catalytic converters.

The price has surged so much that some analysts have cautioned about a possible correction for the surging PGM.

The DOC calculated countervailing duties as high as 145.37%.

In 2017, the value of imports of the steel propane cylinders reached $89.8 million.

Source: https://spendmatters.com/2018/10/26/commodities-roundup-aluminum-output-up-palladiums-dominance-and-indian-gold-demand/

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#Gold up, heads for longest string of weekly gains since January $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 10:36 AM on Friday, October 26th, 2018
  • Gold prices edged up on Friday and were on track to rise for the fourth straight week,
  • The longest string of weekly gains since January, as Asian stocks slumped amid increasing worries over the outlook for U.S. corporate earnings and global economic slowdown

Asian shares skidded to 20-month lows, S&P futures fell sharply and China’s yuan weakened at the end of a turbulent week for financial markets on Friday.

Spot gold was up 0.27 percent at $1,234.88 an ounce. It was up 0.7 percent for the week.

U.S. gold futures were up 0.4 percent at $1,237.30 an ounce.

“We had a pretty good rally in gold since the stock market crash. People are more concerned about the current geo-political risks and gold is being looked at more favourably now than in the past,” said Yuichi Ikemizu, Tokyo branch manager, ICBC Standard Bank.

Financial markets have been whipsawed in recent sessions on concerns over global growth as investors fretted over Sino-U.S. trade frictions, a mixed bag of U.S. corporate earnings, Federal Reserve rate hikes and Italian budget woes.

Gold, used as an alternative investment during times of political and financial uncertainty, has gained about 6 percent after falling in mid-August to their lowest since January 2017 at $1,159.96 an ounce.

However, the yellow metal has declined about 10 percent from its April peak after investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates.

“Gold markets have entered a new trading zone of $1,228-$1,238, with investor mood swings on the S&P steering the ship,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“The short-term narrative is caught between a hawkish U.S. Federal Reserve and a weaker equity market now.”

A target range of $1,252-$1,263 per ounce has been aborted for spot gold, as it failed again to break a resistance at $1,238, according to Reuters technical analyst Wang Tao.

Meanwhile, the dollar index, which measures the greenback against six major currencies, was down 0.1 percent.

Among other precious metals, palladium was down 0.13 percent at $1,198.50 an ounce, but away from a record high of $1,150.50 an ounce hit on Tuesday.

“Concerns around U.S. sanctions on Russia have eased a little bit, so not surprising to see investors lock in some of the gains (in palladium) achieved in the past week. But it still looks fairly constructive at least in the short-term,” ANZ analyst Daniel Hynes said.

Silver rose 0.21 percent to $14.64 per ounce, and platinum was up 0.72 percent at $828.90 an ounce.

Source: https://www.cnbc.com/2018/10/26/gold-markets-stock-markets-ecb-in-focus.html

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New Age Metals $NAM.ca Signs Exploration Agreement with Sagkeeng First Nation Manitoba $GLEN $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 10:24 AM on Thursday, October 25th, 2018

New age large

  • On October 22, 2018 NAM and the Sagkeeng Anicinabe Nation (Sagkeeng) signed an Exploration Agreement. The objective of the agreement is to promote a cooperative and mutually respectful relationship concerning certain mineral exploration projects being developed by NAM, and any additional mining claims or properties in which NAM may acquire an interest, located within Sagkeeng Traditional Territory.
  • NAM has eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba
  • The mineral claims are 100% owned by NAM’s Lithium Division, Lithium Canada Development, and an Option/Joint Venture has been signed on the claims with Azincourt Energy Corp. (AAZ).
  • The eight projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium bearing minerals) in varying capacities, since 1969.
  • Drill permits have been applied for on the Lithium Two and Lithium One Projects and the signing of this agreement with Sagkeeng has outlined a clear path to receive the approvals.

October, 25th 2018 / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) New Age Metals is pleased to provide an update on our Lithium division in Manitoba.

Harry Barr, Chairman & CEO stated, “By signing this Exploration Agreement the Company believes that there is a structured method to work constructively with the Sagkeeng Nation in regards to the exploration and development of any of the company’s claims that are located on traditional Sagkeeng territories. Going forward, NAM has agreed to complete desktop archaeological studies on the areas in which exploration and development activities will be conducted. These studies will help to expedite the drill application approval process and to conduct our drill objectives. Once desktop archaeological assessments are completed, NAM expects to begin drilling shortly thereafter.”

The company’s Lithium Division, Lithium Canada Developments, has an aggressive exploration and development plan for 2018/2019. NAM’s Manitoba projects are financed via an Option/Joint Venture agreement with Azincourt Energy (AAZ) (see News Release Jan 18th, 2018).


Click Image To View Full Size

Figure 1: Claim map showing priority areas where archaeological studies will be completed as part of the new Exploration Agreement with the Sagkeeng Nation.

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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

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

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American Creek $AMK.ca Commences Gold Hill Property Drill and Exploration Program $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM-JC at 9:05 AM on Thursday, October 25th, 2018

Hublogolarge2 copy

  • Commenced an exploration program on its 100% owned Gold Hill property located in the Boulder Creek drainage, a tributary of the Wildhorse River east of Fort Steele, British Columbia
  • Program includes up to 2,500 meters of drilling

Cardston, Alberta–(October 25, 2018) – American Creek Resources Ltd. (TSXV:AMK) (“American Creek”) (“the Corporation”) is pleased to report that it has commenced an exploration program on its 100% owned Gold Hill property located in the Boulder Creek drainage, a tributary of the Wildhorse River east of Fort Steele, British Columbia. The program includes up to 2,500 meters of drilling.

The Gold Hill property covers approximately 836 hectares and is located along the eastern edge of the Kimberly Gold Trend. The property is road accessible by paved highway to Fort Steele and then by main logging roads to (and through) the property. Driving time from Cranbrook to the center of the property is less than one hour.

The property contains a significant portion of the Boulder Creek drainage, a tributary of the Wild Horse River which is considered to be one of the greatest gold rivers in the entire province. Gold rushes have taken place there since the 1860’s that have yielded 48 tonnes of reported gold, making it Canada’s 4th largest placer producer. The majority of the gold recovered from the Wild Horse was located along a 6 km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). Early efforts by prospectors to locate the source of the Wild Horse placer gold led explorers up Boulder Creek to what is now called the Gold Hill property.

Although lode gold was first found in the area by prospectors in 1865, the Gold Hill property has not been the subject of any systematic modern exploration and the property has never been drill tested. The apparent reason is that the property was tied up in Crown Grants for an extended period of time. Historic work conducted on the property in 1937 included drifting and sampling on the Big Chief prospect by The Consolidated Mining and Smelting Company (CM&S – which became Cominco and is now Teck Resources Ltd.). CM&S conducted a car sampling program in which samples taken every 5 feet (1.5 meters) of advance along 40 feet (12 meters) of tunnel returned an average of 0.43 ounces (12 grams) of gold per ton with additional silver and base metal values.

In addition, face samples taken at 2 foot (0.6 meter) intervals along 22 feet (7 meters) of tunnel assayed 2.4 ounces per ton (68 grams) however, the face samples were likely subject to “nugget effect”. The tunnel driven by CM&S veered off the mineralized zone to explore a different part of the structure (where the gold values stopped).

Rock grab sampling conducted by American Creek in 2016 and 2017 included assays up to 25.14 g/t gold with 498.9 g/t silver in the northern Midas/Gold Hill area and up to 22.32 g/t gold on the Big Chief, and included the discovery of two new gold-bearing quartz veins.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/40614_762b8827d425ba5a_001full.jpg

There are two main highly prospective targets on the property:

1. The Midas prospect which is situated on the southern part of the property. The Midas is in an area of steep topography and is structurally controlled.

2. The Big Chief prospect which is situated on the northern portion of the property. The Big Chief is located on an area of moderate relief and is formed by hydrothermal activity from intruded syenite dykes of Cretaceous age.

The property is nominally divided into north and south portions by Boulder Creek which flows westerly through the property. This portion of the exploration program will concentrate on the Big Chief prospect.

One of the planned drill holes is designed to test the underlying formations at depth where they are intruded by the Syenite Porphyry. A report titled “Summary Report Untested Gold Targets on the Big Chief Property by David Pighin, P. Geo. (2014) theorizes that the syenite porphyry on the property may intrude the calcareous Cambrian Jubilee Formation at depth. Pighin further theorizes the calcareous Jubilee Formation is a more favorable host rock for mineral deposition. A hypothetical cross section exhibits the theoretical underlying formation and this drill hole is designed to test the theory.

Other drill holes will test additional prospective targets.

A recently completed NI 43-101 report on the Gold Hill project can be viewed here:
https://americancreek.com/images/Gold_Hill_Property.pdf

A summary of the Gold Hill project can be found here: https://americancreek.com/images/Gold_Hill_Summary_2018.pdf

Frank O’Grady, P.Eng., is the Qualified Person as defined by National Instrument 43-101 for the Gold Hill Project and he will be directing the current drill program.

Electrum Option Agreement

The Corporation also reports that it has granted Tudor Gold Corp. (“Tudor”) an additional extension for the previously announced option to buy out the Corporation’s 40% interest in the Electrum Project Joint Venture located near Stewart, British Columbia. Tudor paid the Corporation a non-refundable payment of $50,000 upon entering the original agreement. If the option is exercised by Tudor, a further payment of $2,650,000 will be made to the Corporation on or before December 15, 2018.

This transaction is subject to approval by the TSX Venture Exchange.

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor (Walter Storm) as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

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.

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Tartisan $TN.ca Closes the Sale of the Alexo-Kelex #Nickel Project to Vanicom Resources Limited of Perth, Western Australia $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 8:58 AM on Thursday, October 25th, 2018

Tc logo in black

  • Company has signed a Definitive Purchase Agreement with VaniCom Resources Limited of Perth, Western Australia for the sale of a 100% interest in the Alexo-Kelex Nickel Project located near Timmins, Ontario
  • purchase terms included the initial payment of C$50,000 by VaniCom to the Company on signing the Binding Letter of Intent with a further payment of C$100,000 to the Company on signing the Definitive Purchase Agreement

Not for distribution to U.S. news wire services or dissemination in the U.S.

TORONTO, ON / October 25, 2018 / Tartisan Nickel Corp. (CSE: TN, FSE: A2DPCM) (“Tartisan”, or the “Company”) is pleased to announce that the Company has signed a Definitive Purchase Agreement with VaniCom Resources Limited (“VaniCom”) of Perth, Western Australia for the sale of a 100% interest in the Alexo-Kelex Nickel Project located near Timmins, Ontario.

The purchase terms included the initial payment of C$50,000 by VaniCom to the Company on signing the Binding Letter of Intent with a further payment of C$100,000 to the Company on signing the Definitive Purchase Agreement. In addition, VaniCom has undertaken to issue to Tartisan 1,750,000 common shares in the capital of VaniCom Resources Limited with a deemed value of C$350,000 and subject to a six month lock-up provision. Tartisan will also receive a 0.5% Net Smelter Return Royalty on any future production from the Alexo-Kelex Nickel Deposit. VaniCom has the right to purchase the Royalty for $1,000,000. The Definitive Purchase Agreement also includes a requirement that VaniCom incur at least C$750,000.00 on exploration and development on the Alexo-Kelex over a 36-month period. Tartisan Nickel will also be entitled to receive a cash rebate from the Financial Assurance associated with the Reclamation Bond proceeds of up to approximately C$230,000 through a formal application process with the Ministry of Energy, Northern Development and Mines.

Tartisan CEO Mark Appleby commented, “We have concluded the sale of the Alexo-Kelex Nickel Project to VaniCom Resources Limited. The monetization of the Alexo-Kelex, a non-core asset, brings value to our shareholders, while retaining upside on the asset. Furthering the Alexo asset, while avoiding dilution and receiving cash and securities, will allow us to focus on the Kenbridge Deposit and other initiatives in an otherwise challenging mining environment. We are pleased to be working with VaniCom”.

The Alexo-Kelex Project produced 30,138 tonnes of ore averaging 1.92% nickel containing 1.3 million pounds of nickel in 2004 and 2005. Historically, the Alexo Deposit produced an additional 57,000 tonnes at 3.6% nickel for a total of 4.5 million pounds of contained nickel.

The Alexo-Kelex Project contains an NI 43-101 compliant resource of some 243,000 tonnes of 1.08% nickel for a contained 5.775 million pounds of nickel. The resource also contains 268,000 pounds of copper and some 202,000 lbs of cobalt at lower grades.

The deposits are classified as Kambalda-style named after similar type-deposits occurring in Western Australia. The Alexo and Kelex deposits are composed of massive to semi-massive nickel sulphide accumulations inhabiting basal embayments along the footwalls of steeply dipping komatiitic ultramafic volcanic flows. The massive, semi-massive sulphides are overlain by stringer, net-textured, blebby and lower grade disseminated sulphide haloes extending upwards and away from the contact. The flows contact with intermediate volcanic country rocks. Other komatiitic hosted nickel sulphide deposits and occurrences in the area include the Redstone, McWatters, Hart, Langmuir 1 and 2, and Texmont.

The Alexo-Kelex Project includes: one Mining and Surface Rights holding 27 mineral claims; one Mining Rights Lease holding two mineral claims; 17 Patents, with Mining and Surface Rights; 8 Patents with Mining Rights only; 1 Patent with Surface Rights only and 55 mineral claims, total package encompassing approximately 945 Ha.

About Tartisan Nickel Corp.

Tartisan Nickel Corp is a Canadian mineral exploration and development company which owns 100% of the Kenbridge Nickel-Copper-Cobalt Project in Ontario holding compliant resources of 97.8 million lbs of nickel and 47 million pounds of copper. In addition, the Company owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project in Peru just 9 km from Trevali’s Santander mine and owns a 100% stake in the Ichuna Copper-Silver Project, also in Peru, contiguous to Buenaventura’s San Gabriel property. Tartisan also owns a significant equity stake (6 MM shares and 3 MM full warrants at 40c) in Eloro Resources Ltd, which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN, FSE:A2DPCM). Currently, there are 99,703,550 shares outstanding (112,830,217 fully diluted).

For further information, please contact Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisannickel.com or on SEDAR at www.sedar.com.

Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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‘Shaky’ Global Stock Markets Trigger Bid For #Gold Says #Sprott $SII.ca $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 2:13 PM on Wednesday, October 24th, 2018
  • Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
  • As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

Anna Golubova

(Kitco News) – Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

“In India, the central bank bought some gold for the first time in over a decade. Hungarians increased their gold [tenfold to 31.5] tons. Poland also made purchases,” Sprott said. And that’s aside from continued purchases of Russia and China, he added.

In the meantime, physical demand is also picking up, with India importing 95 metric tons of gold in August, Sprott added.

These are all positive numbers that investors should be paying attention to because there’s significant risk in the markets and gold is a proven safe-haven asset, he explained.

“There are lots of reasons to think that the Federal Reserve will have to change. It is uncertain what the Fed will do. You should not automatically count on four rate increases next year,” Sprott said.

On top of that, most stock markets in the world are in a bear market, he pointed out.

“Look at China, [the stocks] was down 32% this year. There are a lot of liquidity issues in a lot of markets, and when you’re the last man standing, [investors] are going to be selling American stocks first, because they’re the ones that are theoretically liquid,” he said. “The structure of markets is very risky … [And] as things get shaky here in the markets, you see the safe-safe-haven bid coming into gold,” Sprott said.

On Tuesday, equities dropped for the fifth consecutive session. The Dow Jones Industrial Average is seeing its worst monthly decline in three years and the S&P 500 is seeing its worst monthly performance in seven years, according to reports.

Meanwhile, the December Comex gold futures touched a three-week high of $1,242 Tuesday on increased safe-haven demand.

“The yellow metal was boosted by safe-haven demand amid keener geopolitical uncertainty in the marketplace. Gold prices did back off their daily highs as the U.S. stock indexes moved up from their daily lows,” said Kitco’s senior technical analyst Jim Wyckoff. “Global stock markets saw risk aversion return to the marketplace today amid heightened geopolitical tensions. China’s stock indexes were sharply down after good gains posted Monday. South Korea’s and Japan’s stock markets were also sharply lower.”

Source: https://www.kitco.com/news/2018-10-24/-Shaky-Global-Stock-Markets-Trigger-Bid-For-Gold-Sprott.html

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Monarques Gold $MQR.ca Partner Probe Metals $PRB.ca Intersects 5.9 g/t Gold over 10.5 Metres on Monique Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:31 AM on Tuesday, October 23rd, 2018

  • Numerous new discoveries made during the regional exploration program surrounding the past-producing Monique Mine, five kilometres east of the New Beliveau Resource.
  • Near surface discovery grading 24.8 g/t Au over 2.2 metres within a larger zone of 5.9 g/t over 10.5 metres, located 400 metres northwest of the Former Monique Open Pit.
  • Near-surface discovery grading 20.5 g/t Au over 2.0 metres, located 200 metres north of the Former Monique Open Pit
  • A 350-metre-long gold structure intersected in five holes 50 to 200 metres southwest of the historic A and B gold zones (450-650 metres south of Monique Open Pit), includes near-surface intercepts grading 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres
  • Winter drilling program planned to follow-up on new zones.

MONTREAL, Oct. 23, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to provide new results from Probe Metals Inc. (“Probe”) 2018 drill program on the Monique property (the “Property”) located near Val-d’Or, Quebec. Probe may earn a 60% interest in the Property by spending an aggregate of $2 million on exploration before January 2021. Results from 14 drill holes, totaling 4,783 metres, were received and showed significant new discoveries northwest of the Former Monique open-pit gold mine and southwest of the A and B gold zones (see figure 1). Probe is now preparing for the 2019 winter drill program to follow up on the recent discoveries. Significant drill results are presented below.

“These initial results from drilling by Probe on the Monique gold project demonstrates the value of working with solid partners to develop our non-core projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “While these are still early-stage results, we believe that Probe’s technical team has the capacity to make the most of Monique’s strong exploration potential.”

Of the fourteen holes, seven were designed to test a large under-explored area North, West and northwest of the Former Monique Open Pit along the mineralized trend. Best assay results were from hole MO-18-03 at 159 metres depth (down hole), which returned 24.8 g/t Au over 2.2 metres in a larger interval grading 5.9 g/t Au over 10.5 metres. This hole is located 400 metres northwest of the Monique pit and proximal to our 100%-owned property.  Hole MO-18-09 was drilled 200 metres North of the Monique pit and also returned encouraging results with two gold zones intersected at 175 and 373 metres depth (down hole) grading respectively 20.5 g/t Au over 2.0 metres and 2.1 g/t Au over 7.6 metres. The deepest intercept corresponds to the extension of the in-pit gold mineralization 50 metres to the North and the other intercept is possibly the lateral extension of the new gold structure intersected in hole MO-18-03.

Five holes were drilled to test a weak IP anomaly located 50 to 200 metres southwest of the historic A and B gold zones, with all returning significant results between the surface and 130 metres depth. Gold mineralization is associated mainly with felsic dykes cross-cutting mafic volcanics. Holes MO-10-14, 11 and 10 returned the best intercepts grading respectively: 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres.

The remaining two holes were drilled 1 kilometre northeast of the Monique pit and tested a lone IP anomaly.  Neither hole returned significant gold values.

Mineralization intersected along the Monique Gold Trend is characterized mainly by sulphide-bearing quartz-carbonate-tourmaline veins and veinlets in mafic to ultramafic rocks or associated with mineralized dioritic or felsic dykes. Gold is generally associated with 1% to 5% finely disseminated pyrite, and visible gold is common. Rock units are generally altered with variable amounts of chlorite, carbonate, sericite and/or silica. Albite and fuschite alteration are locally observed. The orientation of the quartz vein systems is roughly parallel to the stratigraphy and to the deformation zones.

Assay results from selected drill holes are reported in the following table:

Selected drill results from the Monique drilling program1,2

Hole Number From (m) To (m) Length (m) Au (g/t) Area/Host Rock
MO-18-01 125.0 131.0 6.0 2.4 SW of AB / Felsic Dyke
MO-18-02 54.0 62.0 8.0 0.7 NW of OP / UM Rocks
MO-18-03 158.5 169.0 10.5 5.9 NW of OP / UM Rocks
including 162.8 165.0 2.2 24.8 NW of OP / UM Rocks
MO-18-04 360.5 371.0 10.5 2.4 NW of OP / UM Rocks
including 363.0 367.0 4.0 5.0 NW of OP / UM Rocks
MO-18-09 175.0 177.0 2.0 20.5 N of OP / UM Rocks
373.4 381.0 7.6 2.1 N of OP / UM Rocks
MO-18-10 108.0 120.8 12.8 2.4 SW of AB / Felsic Dyke
including 117.2 119.0 1.8 12.3 SW of AB / Felsic Dyke
MO-18-11 86.0 127.2 41.2 1.1 SW of AB / Felsic Dyke
including 91.0 92.0 1.0 22.1 SW of AB / Felsic Dyke
MO-18-12 123.5 130.7 7.2 1.9 SW of AB / Felsic Dyke
MO-18-14 94.0 101.0 7.0 3.8 SW of AB / Felsic Dyke
136.0 145.0 9.0 1.0 SW of AB / Felsic Dyke
(1) All the new analytical results reported in this release and in this table, are presented in core length and uncut. Additional drilling is planned for the immediate area which will enable the true width determination.
(2) Definitions: SW of AB =southwest of the AB zones, NW of OP = Northwest of the Former Monique Open Pit, N of OP = Northwest of the Former Monique Open Pit

About the Monique Property:

The Monique property is located 25 km east of Val-d’Or, in Quebec, and consists of 17 claims and one mining lease covering a total area of 546 hectares in the Louvicourt township. The property hosts a current inferred mineral resource of 107,500 tonnes at a grade of 4.88 g/t for 16,850 ounces of gold. From 2013 to 2015, the Monique open pit mine was in operation and a total of 0.58 Mt of ore was extracted at a grade of 2.5 g/t Au, from the surface to 100 metres depth for a total of 45,694 ounces of gold.

Gold mineralization on the Monique property has been identified in 12 zones, which are generally hosted by one of three deformation zones that cross the property from east to west. Gold mineralization is defined by a network of quartz/tourmaline/carbonate veins and veinlets, with associated disseminated sulphides, in the altered wall rocks.  Gold is frequently observed in the quartz-tourmaline veins.

Qualified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice President of Probe, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Quality Control

During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as five promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. 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 press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-partner-probe-metals-intersects-5-9-gt-gold-over-10-5-metres-on-monique-property-300735744.html

SOURCE Monarques Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2018/23/c5875.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018

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#Copper climbs to one-week high on #China demand hopes $LBSR $TMBXF $MIN.ca

Posted by AGORACOM-JC at 11:06 AM on Monday, October 22nd, 2018

  • Copper prices climbed to one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity
  • Benchmark copper on the London Metal Exchange was up 1.2 percent at $6,292 a tonne at 0919 GMT from an earlier $6,331.50 a tonne, the highest since Oct. 15.

Imaduddin October 22, 2018

LONDON: Copper prices climbed to one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity.

Benchmark copper on the London Metal Exchange was up 1.2 percent at $6,292 a tonne at 0919 GMT from an earlier $6,331.50 a tonne, the highest since Oct. 15.

China’s central bank governor said last week it would roll out targeted measures to help ease company financing problems and encourage commercial banks to boost lending to private firms.

“The news from China is encouraging for metals,” said Eugen Weinberg, analyst at Commerzbank. “Measures that add liquidity will help in the short to medium term, but it won’t solve the problem of indebtedness, a problem for some years now.”

CHINA TAX: China’s tax cuts next year could exceed the equivalent of 1 percent of gross domestic product, a central bank adviser said, in a sign policymakers might be considering another round of tax reductions.

GROWTH: China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

DEMAND: China accounts for about half of global copper demand estimated this year at around 24 million tonnes.

China is “multiplying its efforts to support the economy, and in particular, the infrastructure sector amid domestic and international headwinds,” such as the trade war with the United States and high debt levels, Fitch Solutions said in a note.

The country’s demand for copper, an economic bellwether, “will improve over the coming months as property completions and grid investment picks up and demand from the autos and consumer sectors remain buoyant,” added the research house.

TECHNICALS: Strong upside resistance for copper is at the 100-day moving average, currently at around $6,320 and support is at $6,115, the 55-day moving average.

STOCKS: Traders say significantly higher copper prices in China could encourage further outflows from LME approved warehouses to those monitored by the Shanghai Futures Exchange.

LME copper stocks at 154,225 tonnes have tumbled 27 percent since Sept. 24, while those in ShFE warehouses are up about 27 percent over the same period to 140,789 tonnes.

PRICES: Aluminium was up 1.2 percent at $2,028, zinc  gained 1.3 percent to $2,660, lead added 1.4 percent to $2,020, tin rose 0.1 percent to $19,190 and nickel was up 1.4 percent to $12,615 a tonne.

Source: https://www.brecorder.com/2018/10/22/448516/copper-climbs-to-one-week-high-on-china-demand-hopes/

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$HPQ.ca Receives Final Court Approval for the #Beauce #Gold Fields Spin Out

Posted by AGORACOM-JC at 9:15 AM on Thursday, October 11th, 2018

Hpq large

ANOTHER MILESTONES REACHED TOWARD SPIN OUT, LISTING AND DIVIDEND

  • With the court approval and the conditional approval for a new listing from the TMX: TSX Venture Exchange now obtained, HPQ and BGF last key milestone is closing the ongoing BGF private placement. 

MONTREAL, Oct. 11, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to inform shareholders that HPQ and its subsidiary, Beauce Gold Fields Inc, (“BGF”) have obtained the required final orders from the Superior Court of Quebec (commercial division) in connection with its ongoing proposed plan of arrangement.

ANOTHER MILESTONES REACHED TOWARD SPIN OUT, LISTING AND DIVIDEND

With the court approval and the conditional approval for a new listing from the TMX: TSX Venture Exchange (“Exchange”) now obtained, HPQ and BGF last key milestone is closing the ongoing BGF private placement.

Patrick Levasseur, President and CEO of HPQ Beauce Gold Fields stated, “Final Approval from the Court was one the key listing conditions for BGF.  We are getting closer to unlock the full potential value of the Beauce Gold property through a fresh new entity that is starting with a tight capital structure.” Mr. Levasseur also stated, “The Beauce is Canada’s last underexplored historical placer mining camp. It’s similar to the White Gold projects in the Yukon or the Cariboo district in BC, that were both placer gold mining camps as well, but recently had major gold discoveries.  Combining our large claims holding in St-Simon-Les-Mines together with our increasing knowledge of the geology, we believe we have narrowed the search in exploring for a hard rock gold deposit”

About Beauce Gold Fields

BGF is a wholly owned subsidiary of HPQ Silicon into which HPQ gold assets were transferred.   Subject to approval by TSX-V, HPQ is in the process of listing BGF as a new public junior gold company, following the approval by shareholders during HPQ AGM held on Aug. 10, 2018, of the proposed terms of the plan of arrangement.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). Textural observations (angularity) of gold nuggets suggest a relatively proximal source and therefore a short transport distance. The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries.  The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s (see HPQ SEDAR-filed report).

A Beauce Gold Fields presentation is available and can be downloaded via the following link. http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)”, a truly 2.0 Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the costs associated with the transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. 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.

For further information, contact

Bernard J. Tourillon, Chairman, President and CEO HPQ Tel (514) 907-1011
Patrick Levasseur, COO HPQ, President and CEO BGF Tel: (514) 262-9239
www.HPQSilicon.com

Shares outstanding: 222,284,053

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