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$HPQ.ca Subsidiary Beauce #Gold Field Identifies North-Eastern Extension to the Major Fault Line Beneath the Beauce Placer Gold Channel

Posted by AGORACOM-JC at 9:34 AM on Tuesday, October 2nd, 2018

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  • Newly completed geophysical and geological studies along the Rang VI road on HPQ Beauce Gold Fields subsidiary Gold property located in St-Simon-Les-Mines, Quebec has identified a 1.5 km northeastern extension of the previously identified major fault line (May 11, 2017 release) beneath the Beauce placer gold channel
  • Furthermore, the geophysical and geological study along the road has also identified additional exploration targets for gold and base metal sulphide mineralizations.

MONTREAL, Oct. 02, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to inform shareholders that a newly completed geophysical and geological studies along the Rang VI road on HPQ Beauce Gold Fields subsidiary Gold property located in St-Simon-Les-Mines, Quebec has identified a 1.5 km northeastern extension of the previously identified major fault line (May 11, 2017 release) beneath the Beauce placer gold channel.  Furthermore, the geophysical and geological study along the road has also identified additional exploration targets for gold and base metal sulphide mineralizations.

Patrick Levasseur, President and CEO of HPQ Beauce Gold Field stated, “This is another strong line of evidence that narrows our search to find the hard rock source of the St-Simon-Les-Mines gold placers.”  Mr. Levasseur also stated, “We’re also very excited by the potential for discovery of massive sulphide deposits within the volcanoclastic rocks of the Beauceville Formation.”

MAJOR FAULT LINE UNDER PLACER GOLD CHANNEL, AN INDICATOR OF HARD ROCK SOURCE

The Gilbert River basin (about section 3,200m on Figure 1) is marked by a strong contrast of electrical resistivity values on both sides of the river believed to represent a thrust or shear contact between sedimentary and volcanic rocks. Rocks south of the river are dominantly sedimentary and show the presence of formation conductors present mostly in synformal fold structures while north of the river the rocks are generally volcanic in origin, including volcaniclastic strata, are generally more resistive, and the conductive units narrower and shallower. This discontinuity corresponds also to the position of a linear anomaly of the total magnetic field and its tilt derivative field, which suggests the presence of a magnetic discontinuity related to the presence of a major fault zone, which the Gilbert River follows (Point F3 on Figure 1).

Parallel to the Gilbert river, under 15 to 40 meters of overburden, hosts a placer channel that is 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 (NI 43-101 Beauce Gold Property Report, Violet July 4 2018).

POTENTIAL FOR POLYMETALLIC MASSIVE SULPHIDE MINERALISATION

The survey data shows the presence of several conductors in the rocks from the Beauceville Formation (C3, C5, C6, C7, C8, C9, C10 and C11). Some of these conductors are related to graphitic shales (C3, C6, C7) but other are associated with magnetic anomalies (C8, C9 and C11) and could be exploration targets for massive sulphide mineralization. The rocky outcrops present along the Rang VI Road have also been mapped. Several generations of quartz veins, sometimes associated with sulphides, intersect the rocks of the Beauceville Formation in the northern part of the Rang VI road. These veins testify to hydrothermal processes affecting the sedimentary and volcanic rocks of the area.

In addition to specifying the structural context of the St-Simon-les-Mines gold sector, the geophysical work of 2016 was extended in 2017 to the north-east to document the deep geology of the northern part of the Beauceville Formation.  This area is characterized by a greater proportion of volcanoclastic and volcanic rocks and a geological context similar to that of the Champagne massive sulphide deposit in the St-Magloire area (Bellechasse gold belt).  The audiomagnetotelluric data of the St-Gustave road section suggest the presence of a large conductor (conductor IV) with an estimated thickness of about 50 m and vertical extension in the order of 400 m (Fig. 1). This structure could correspond to a massive polymetallic sulphide mineralization. Additional work is planned to specify the geometry of this conductor.

Audiomagnetotellurics (AMT), Frequency Domain Electromagnetic (FDEM) Surveys

The work, carried out under the supervision of Professor Marc Richer-LaFlèche, Ph.D., P. geo, from INRS-Center Eau Terre et Environnement of Québec conducted a multidisciplinary geophysical and geological study to document the deep geological context of the Magog Group and, more specifically, of the Beauceville Formation (Bellechasse gold belt) under the St-Simon-les-Mines gold placer.

A 5.6 km long Audiomagnetotellurics (AMT) survey (113 stations per 50m) was conducted as well as a Frequency Domain Electromagnetic (FDEM) survey (112 stations) along Rang VI road.

The purpose of this survey was to assess the deep geology of this area and to verify the probable northeasterly extension of deep structures detected during the AMT survey conducted in 2016 on St-Gustave Rang Road (May 11 2017 PR).  The study of the geology and deep geophysics of rocks of the Beauceville Formation in order to improve the structural and metallogenic understanding of the region using AMT and FDEM method is used to locate potential fluid circulation corridors (faults) responsible for the emplacement of orogenic gold mineralization and to detect strong magnetic conductors potentially related to VMS or SEDEX mineralizations.

Marc Richer-LaFlèche PhD, P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release.

Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon stated, “We are very excited by the confirmation of the extension of the fault line beneath the Placer Channel.  Once listed, Beauce Gold Fields will represent a unique opportunity for HPQ investors to have shares in two dedicated companies focused on building market awareness for their projects, progress, plans and success.”

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 metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” 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 steps required to transform 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

Three photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/12f1f29d-dafe-4a80-9313-e98ab7f46ec2

http://www.globenewswire.com/NewsRoom/AttachmentNg/c24db851-7af8-484c-ab1c-ed8c17ac268e

http://www.globenewswire.com/NewsRoom/AttachmentNg/4611ec3e-3918-4e7b-984b-2dcc1a63c771

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The show’s not over for #platinum as car sector shifts gear $NAM.ca $WG.ca $XTM.ca $WM.ca $PDL.ca

Posted by AGORACOM-JC at 2:49 PM on Monday, October 1st, 2018

  • Our key takeaway from the work we have done on the future of the vehicle industry is that the transition of the industry will be evolutionary rather than revolutionary, says the writer.
  • The SA platinum group metal (PGM) industry has been in a near decade-long downturn as demand shocks and a pessimistic outlook pushed prices to what we believe to be unsustainably low levels.

01 October 2018 – 05:03 Nicholas Hops

Unprofitable supply has been slow to reduce due to high barriers to exit. Sentiment towards the sector is incredibly low due to the labour-intensive, deep-level nature of SA’s industry as well as concerns surrounding the long-term demand for PGMs as the European diesel share declines and the world shifts towards electric vehicles.

The negative sentiment is so great that despite a 36% increase in the industry’s rand revenue basket to near record highs, most equity prices continue to trade at distressed levels. Only Amplats has had a positive return over this period.

PGM comprises five precious metals, of which platinum, palladium and rhodium are the most important. These are referred to as 3E metals. The demand side of the 3E market is dominated by catalytic converters for internal combustion engine (ICE) vehicles, making up 70% of global demand. We are optimistic about the market for the following reasons:

• The outlook for global vehicle sales is good, driven by emerging markets.

• We expect 3E demand to grow over the next decade as environmental legislation in China and the rest of the world forces car makers to use more metal in their vehicles.

• We feel these new legislations are being underestimated. In the next five years, China, the largest vehicle market, will have the strictest emissions standards in the world.

The balance of the market is split between jewellery and industrial catalysts with 9% and 21% respectively. We expect this portion of demand to see slight growth over the next decade. The negativity on the demand side has been driven by the outlook for European diesel sales as well as the rise of battery electric vehicles (BEVs). While the outlook for European diesel is negative, it is important to note that it is only 12% of 3E demand and we do expect this to decline.

We believe in the long-term prospects of BEVs but are cognisant of the challenges facing the technology. Our key takeaway from the work we have done on the future of the vehicle industry is that the transition of the industry will be evolutionary rather than revolutionary.

Importantly, we see a period of mass hybridisation over the next decade before BEVs start to become more affordable for the mass market. We anticipate a shift towards a portfolio of technologies including BEVs, a variety of hybrids as well as fuel cell vehicles. As investors in the PGM sector, our biggest worry is BEV adoption, as these have no PGMs in the vehicle at all. In our forecasts out to 2030, we expect BEVs to make up 19% of global light-duty vehicle sales, up from 1% today. We expect the traditional ICE as we know it to decline from 96% today to 28%.

Currently, petrol vehicles predominantly use palladium in the converter, instead of platinum. Palladium is in material deficit and now trades at a $180/oz premium to platinum, where it historically traded at large discounts. We have gathered that platinum is a superior metal for catalysis and that a growing price differential will swing the original equipment manufacturers back towards platinum in future.

Many look at the platinum surplus and declare the metal is doomed. Our view is, given their fungibility, platinum and palladium must be considered together. Looked at this way, the market is in a growing deficit. Out of the 3E metals, platinum is most important for SA producers as it is makes up 60% of the ounces extracted.

Large reductions

We see 3E demand increasing 11% by 2030, where market rhetoric seems set on declining demand. Beyond 2030, we see large reductions in SA supply as many mines come to the end of their economic lives.

Coupling our supply and demand expectations gives us an average market deficit of 500,000oz, or 2.6% of annual demand each year, over the next 12 years. These deficits are substantially more pronounced in the near term and we expect prices to react strongly over this timeframe. We have excluded potential investment demand from these balances, which may prove conservative.

Negativity towards the industry also stems from the deep-level, high-cost nature of the majority of the SA mines. We have mitigated this through the selection of the highest-quality players in the sector, Northam and Amplats.

Northam is a medium-size producer with two producing mines, run by an entrepreneurial management team that has taken advantage of the downturn in the industry by making smart acquisitions.

Production growth from its Booysendal mine over the next five years will help the group double production. Booysendal is the key asset in Northam’s portfolio, and while it is underground, it is shallow, capital-light and mechanised — meaning a smaller labour component. Northam is well-positioned to generate cash flows and at these metal prices should trade on a nine times price-earnings (9xPE) ratio in the 2019 year.

Amplats is the largest producer of PGMs and has undergone a remarkable portfolio transition in the last five years. Shedding itself of high-cost, deep underground mines and focusing on the key Mogalakwena asset has allowed Amplats to pay the first dividend in the sector since 2013.

Mogalakwena is a unique asset as it is an open pit, which means it comes with less operational complexity and standout margins. It has material expansion capability over the next decade and we believe management will pursue this. Amplats has several options to expand the size of the portfolio over the next decade with high-quality, low-labour ounces. At today’s spot prices, Amplats trades on an 11xPE for the 2019 year.

The sentiment surrounding PGMs has left the sector’s equity prices lagging recent improvements in the basket price. Thanks to their high-quality operations, both Northam and Amplats can generate material cash flows in today’s price environment and we believe equities are yet to reflect this.

• Hops is an equity analyst for Coronation Fund Managers.

Source: https://www.businesslive.co.za/bd/opinion/2018-10-01-the-shows-not-over-for-platinum-as-car-sector-shifts-gear/

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Lithium One Exploration Update $NAM.ca, Winnipeg River Pegmatite Field, Manitoba $GLEN $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 9:12 AM on Thursday, September 27th, 2018

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  • – The NAM/AAZ Option/Joint Venture 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- 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.

    – 2018 surface exploration has been completed on the Lithium Two, and Lithman East Projects and is underway on Lithium One.

    – Drill permits have been applied for on the Lithium Two and Lithium One Projects and the company is awaiting approval from the Manitoba government.

    – NAMs flagship project is the 100% owned River Valley Project, North America’s largest undeveloped primary Platinum Group Metals (PGM) Project in Sudbury, Ontario. See the most recent press releases and our Chairman’s message for the River Valley Project PEA dated July 25, 2018 and August 1, 2018 at our website (www.newagemetals.com) .

September, 27th 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 the present exploration program with regards to the company’s Manitoba Lithium Projects. Currently surface exploration is focusing on the Lithium One Project (see Figure 1). 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).

Lithium One Exploration Update

Reconnaissance field exploration by the company in 2016 returned assays from surface exposed pegmatites up to 4.33% Li2O (see News Release – Dec 8th, 2016) from the Silverleaf Pegmatite. There are several clusters of pegmatites that are being explored during the 2018 field exploration season.


Click Image To View Full Size

Figure 1: NAM/AAZ Joint Venture Project Location Map – Winnipeg River Pegmatite Field. Lithium One Project is highlighted.

The Annie Pegmatite area (see Figure 2) is generally underlain by a broad continuous multiphase unit of pegmatitic granite. Detailed mapping has revealed at least 2 distinct structurally orientations of evolved pegmatite units that may be strataform or oblique along fault structures that offset established stratigraphy. Lithium bearing mineralogy has been discovered in these strataform and oblique evolved pegmatitic structures. Pending assay analysis for Lithium and other mineralogical content at observed sites within the Annie Pegmatite, an exploration targeting recommendation will be prepared. These targeting recommendations will hopefully help define potential structural connection implications between the Annie and Silverleaf showings, should they exist.


Click Image To View Full Size

Figure 2: Annie Pegmatite showing in outcrop with abundant SQUI (Spodumene Quartz Intergrowths) mineralization – The pen in the photo is 8 cm in length.

Sampling and mapping are ongoing. Several batches of samples have been sent to the lab for analysis. Numerous pegmatites are being explored on the Lithium One Project (see Figure 3).


Click Image To View Full Size

Figure 3: Pegmatite Location Map. Lithium One Project – Manitoba. The circle in the top left of the map is around the two pegmatite showings – Silverleaf and Annie on the Lithium One Project.

The Silverleaf Pegmatite (see Figure 4) is one of the most spectacular and mineralogically complex pegmatites known on the property. Figure 4 is a photo of the spectacular spodumene-lepidolite mineralization seen on surface. Numerous other interesting pegmatites have been mapped with the focus being to understand and increase the potential of the project.


Click Image To View Full Size

Figure 4: White spodumene blades in a matrix of lepidolite (Lithium Mica) from the Silverleaf showing.

Joint Venture Agreement

In January of 2018, NAM announced a signed final agreement with Azincourt Energy Corp. (TSX.V: AAZ) for the Manitoba Lithium Projects, (News Release: January 15, 2018). This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field for Lithium. Azincourt Energy Corp. as our option/joint venture is financed for and has committed to a minimum of $600,000 to be expended on exploration in Manitoba for 2018.

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.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). See results from the most recent NI 43-101 resource update below in Table 1. NAM management and consultants are currently designing a complete drill program to be executed in 2019 for the River Valley Project. This plan will consider previously proposed drill parameters and will be based on the most recent geophysical assessment and consultant expertise. The projects first economic study, a Preliminary Economic Assessment (PEA) is underway and is being overseen by Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors. See the most recent press releases for the River Valley Project PEA which detail the appointment of P&E Mining Consultants and DRA Americas to jointly conduct the study, dated July 25, 2018 and August 1, 2018 respectively. Our new Fall Chairman’s message can be accessed at our website (www.newagemetals.com) .

On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Palladium (Pd)- Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A comprehensive report on previous exploration and future phases of work was completed by Avalon Development of Fairbanks Alaska in August 2018 on Genesis. A full sampling program will be conducted to continue to outline additional mineralization along the 800-meter by 40-meter mineralized zone

On August 29, the Avalon report was submitted to NAM, management is actively seeking an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.

The results of the updated Mineral Resource Estimate for NAM’s flagship River Valley PGM Project are tabulated in Table 1 below (0.4 g/t PdEq cut-off).

Class Tonnes

‘,000

 Pd (g/t) Pt (g/t) Rh (g/t) Au (g/t) Cu (%) Ni (%) Co (%) PdEq (g/t)
Measured 62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Indicated 97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Meas +Ind 160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Measured 1,440,200 1,999,600 1,999,600 1,136,900
Indicated 1,856,900 2,626,700 2,626,700 1,463,800
Meas +Ind 3,297,200 4,626,300 4,626,300 2,600,700
Inferred 1,578,400 2,713,900 2,713,900 1,323,800

Notes:

  1. A.CIM definition standards were followed for the resource estimation.
  2. B.The 2018 Mineral Resource models used Ordinary Kriging grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
  3. C.A base cut-off grade of 0.4 g/t PdEq was used for reporting Mineral Resources.
  4. D.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
  5. E.Numbers may not add exactly due to rounding.
  6. F.Mineral Resources that are not Mineral Reserves do not have economic viability.
  7. G. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release with regard to technical aspects of the Lithium Division.

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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Monarques Gold $MQR.ca Presents the Initial Parameters for the Feasibility Study on its Wasamac #Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 9:11 AM on Tuesday, September 25th, 2018

Monarquesgold hub large

  • Presented the initial parameters today for the feasibility study to be carried out on its Wasamac gold property by BBA
  • The study, to be completed in December 2018, will include assessment, design, engineering and costing for the mine, the processing plant, the tailings management facility and all the related services and infrastructure required to develop and mine the Wasamac deposit

MONTREAL, Sept. 25, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) presented the initial parameters today for the feasibility study to be carried out on its Wasamac gold property by BBA. The study, to be completed in December 2018, will include assessment, design, engineering and costing for the mine, the processing plant, the tailings management facility and all the related services and infrastructure required to develop and mine the Wasamac deposit.

Monarques is taking a different approach to the project than Wasamac’s previous owner. The Corporation will harness the latest technology and use a top-down rather than a bottom-up mining method in its attempt to put the Wasamac deposit into production at the best possible cost. Furthermore, the Corporation is opting for twin ramps and the use of the Rail-Veyor system underground to haul the mineralized material close to the railway, which will eliminate the hefty capital expenditures associated with building a shaft. The Rail-Veyor system is a promising new technology currently in use at Agnico Eagle’s Goldex project in Val-d’Or (see the Goldex Rail-Veyor system).

The study also assumes a production rate of 6,000 tonnes per day. In addition, the land acquired for the mill and tailings facility provides major advantages as it lies alongside the Ontario Northland railway track, on the other side of the Trans-Canada Highway, farther away from the local communities.

“We are working hard to make Wasamac a success, both economically and for the local communities,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We want this project to fulfill the economic and environmental criteria and meet the local communities’ requirements, and we are confident that with BBA’s help, we can achieve that goal. We are also keeping open the option of custom milling the ore at one of the sites identified by BBA’s previous study (see map of potential sites).”

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, 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 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.

Table 1 – Best drilling results on Wasamac

 

Hole Number Length
(metres)		 From
(metres)		 To
(metres)		 True
Width
(metres)		 Au Cut
Grade(1)
(g/t)		 Ag Cut
Grade(1)
(g/t)		 Zone Vertical
Depth of
Intersection
(metres)
WS-11-61 705 544.00 627.00 65.66 2.16 – Main 578
WS-11-65 849 738.00 792.90 46.60 3.45 – Main 713
WS-11-66A 174 507.20 590.00 68.42 2.66 – Main 534
WS-11-72 610 502.00 541.75 31.40 7.28 – Main 513
WS-282-01 616 483.00 563.53 69.47 2.97 – Main 506
WS-282-02 615 476.85 540.00 52.80 6.40 0.85 Main 488
WS-282-03 591 450.20 535.00 71.76 2.83 0.31 Main 470
WS-289-01 597 493.20 567.30 56.70 3.70 – Main 526
WS-292-01 618 537.50 581.00 34.94 4.61 1.19 Main 549
WS-302-02 678 570.00 611.80 29.89 3.70 – Main 590
WS-11-107 531 497.00 502.17 4.01 6.11 – 1 469
WS-11-123 826 703.20 748.00 37.14 2.45 – 1 675
WS-11-74A 870 786.95 826.00 32.88 2.17 – 2 752
WS-390-01 618 526.70 543.70 11.77 3.43 – 2 529
WS-392-02 391 310.00 319.00 7.01 3.80 7.34 2 303
WS-393-01 558 492.60 505.00 9.45 3.37 4.42 2 487
WS-403-03 447 383.80 392.30 7.20 7.12 – 2 355
WS-404-02 480 398.25 411.80 11.11 5.16 0.73 2 384
WS-406-01 406 331.40 346.40 12.11 3.56 – 2 322
WS-11-95 608 550.20 565.80 12.17 4.52 – 3 550
WS-11-100 676 597.80 615.30 12.87 3.63 – 3 600
WS-11-113A 486 431.55 443.00 11.26 2.96 – 3 316
WS-458-02 441 327.35 338.00 7.81 5.19 0.53 3 310
WS-480-01 679 578.00 585.00 5.22 7.09 2.00 4 550
(1) High values are cut at 35 g/t

 

 

Table 2 – Monarques Gold Measured and Indicated Resource

 

Tonnes

(metric)

Grade
(g/t Au)		 Ounces
Wasamac property1
Measured Resources 3.99 M 2.52 323,300
Indicated Resources 25.87 M 2.72 2,264,500
Total 29.86 M 2.70 2,587,900
Croinor Gold mine2
Measured Resources 80,100 8.44 21,700
Indicated Resources 724,500 9.20 214,300
Total 804,600 9.12 236,000
Swanson property3
Indicated Resources (pit constrained) 1,694,000 1.80 98,100
Indicated Resources (underground) 58,100 3.17 5,900
Total 1,752,100 1.85 104,100
McKenzie Break property4
Indicated Resources (pit constrained) 939,860 1.59 48,133
Indicated Resources (underground) 281,739 5.90 53,448
Total 1,221,599 2.58 101,581
Beaufor Mine5
Measured Resources 74,400 6.71 16,100
Indicated Resources 271,700 7.93 69,300
Total 346,200 7.67 85,400
Simkar Gold property6
Measured Resources 33,570 4.71 5,079
Indicated Resources 208,470 5.66 37,905
Total 242,040 5.52 42,984
TOTAL COMBINED
Measured and Indicated Resources 3,157,865

 

1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.
2  Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)
3 Source: NI 43‐101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo., and
Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc.
4 Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc. and Christian D’Amours, P.Geo., of GeoPointCom Inc.
5 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.
6 Source: MRB et Associés (January 2015)

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INTERVIEW: American Creek #AMK.ca Discusses Potential Quantity and Grade of Gold Mineralization (1.8 – 1.9 Million Ounces @ 1.12 – 1.35 G/t) at the Treaty Creek $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM-JC at 8:36 AM on Monday, September 24th, 2018

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Posted in AGORACOM Via Satellite, All Recent Posts, American Creek Resources Ltd. | Comments Off on INTERVIEW: American Creek #AMK.ca Discusses Potential Quantity and Grade of Gold Mineralization (1.8 – 1.9 Million Ounces @ 1.12 – 1.35 G/t) at the Treaty Creek $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Monarques Gold $MQR.ca Starts Diamond Drilling Program on its McKenzie Break Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 10:35 AM on Tuesday, September 18th, 2018

  • Goal is to increase the 165,608-ounce pit-constrained/underground gold resource
  • Announced the start of a new 8,350-metre diamond drilling program on its wholly-owned McKenzie Break gold property
    • located 25 kilometres north of Val-d’Or, near Monarques’ Camflo and Beacon mills.
    • Drilling started on September 13 with one drill, and a second drill will be added as the work progresses

MONTREAL, Sept. 18, 2018 – MONARQUES GOLD CORPORATION (“Monarques”, “Monarques Gold” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce the start of a new 8,350-metre diamond drilling program on its wholly-owned McKenzie Break gold property, located 25 kilometres north of Val-d’Or, near Monarques’ Camflo and Beacon mills. Drilling started on September 13 with one drill, and a second drill will be added as the work progresses.

McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported an NI 43-101 pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (see press release dated June 14, 2018).

Historical drilling on the property totals 258 holes and 37,750 metres of core, most of which targeted the Green and Orange zones. The average length of the holes was only 150 metres. The current 39-hole drilling program will consist of holes 150 to 350 metres long to test the property’s potential at depth below the known lenses and on the periphery of the Green and Orange zones (see projected drilling map). The peripheral holes represent infill drilling in areas where information is missing, and could lead to an increase in the size of the planned open pit.

“The McKenzie Break property has great exploration potential,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “It has the advantages of being high grade at depth and easily accessible, as the average overburden thickness is only 5 metres, meaning that we could put the project into production relatively quickly. The program is aimed at increasing the property’s pit-constrained resource and exploring its potential at depth.”

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., 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 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-starts-diamond-drilling-program-on-its-mckenzie-break-property-300714587.html

SOURCE Monarques Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/18/c2592.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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CLIENT FEATURE: Explor Flagship $EXS.ca Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 10:05 AM on Tuesday, September 18th, 2018

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
  • Property Is 13 KM From Downtown Timmins
  • Preliminary Metallurgical Testing on the low grade near surface gold ore completed

FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.

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Posted in AGORACOM Client Feature, All Recent Posts, Explor Resources Inc. | Comments Off on CLIENT FEATURE: Explor Flagship $EXS.ca Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca

INTERVIEW: Advance Gold $AAX.ca Discusses Aggressive Exploration Program at Tabasquena Silver Mine in Mexico

Posted by AGORACOM-JC at 4:14 PM on Friday, September 14th, 2018

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#Nickel price to benefit from short supply, strong steel demand through 2019 $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 2:17 PM on Thursday, September 13th, 2018
  • Nickel, which recently hit its lowest since December, could climb as high as $16 000 a tonne by the end of 2018 and $18 000 a year later, Macquarie Capital senior commodities consultant Jim Lennon said on the sidelines of the MetalBulletin 6th Asian Nickel Conference in Jakarta on Wednesday.
  • Nickel has been supported by stainless steel demand growth that exceeded 9% in the first half of 2018, Lennon said.

JAKARTA – Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019.

Nickel, which recently hit its lowest since December, could climb as high as $16 000 a tonne by the end of 2018 and $18 000 a year later, Macquarie Capital senior commodities consultant Jim Lennon said on the sidelines of the MetalBulletin 6th Asian Nickel Conference in Jakarta on Wednesday.

Nickel has been supported by stainless steel demand growth that exceeded 9% in the first half of 2018, Lennon said.

But concerns have emerged in recent months that global growth has peaked against the backdrop of an evolving trade war between the United States and China, dampening the outlook for the 2.2-million-tonne per year global nickel market, he said.

As a result, nickel prices had “overshot to the downside”, he said, noting that he expects China to relax its credit policies and introduce measures to stimulate growth that would underpin steel demand, while nickel output growth will remain slow for the rest of 2018.

Supply disruptions at Eramet‘s mines in New Caledonia and China‘s planned pollution controls in 40 cities, coupled with slow output growth in Indonesia, could also support a recovery in nickel prices this year, Lennon said.

“Inventories are coming down so prices should be moving higher.”

According to Norilsk Nickel principal nickel analyst Alexander Khodov, the global nickel market deficit could extend for three years from a shortfall of 120 000 t in 2018.

“Next year the deficit will probably slightly decrease as a result of a ramp-up in NPI (nickel pig iron) production here in Indonesia (and) a slight increase in NPI production in China, but the deficit will still be around 80 000,” Khodov told Reuters.

Wood Mackenzie metals analyst Linda Zhang also forecast growth in nickel prices to $14 400 this year and $16 670 in 2019, with the market facing a deficit of 73 000 t this year and 63 000 tin 2019.

Nickel recovered from an 8-1/2 month low on Wednesday, but gains were capped by fresh sparring between Washington and Beijing over trade and by sinking steel prices in China.

Three-month nickel on the London Metal Exchange was bid up 1.2% in official midday rings to $12 375 a tonne, having hit its lowest since late December at $12 085.

Source: http://www.miningweekly.com/article/nickel-price-to-benefit-from-short-supply-strong-steel-demand-through-2019-2018-09-12

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Posted in All Recent Posts, Tartisan Nickel | Comments Off on #Nickel price to benefit from short supply, strong steel demand through 2019 $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

American Creek $AMK.ca Reports on JV Partner $Tudor Gold’s News of Potential Quantity and Grade of Gold Mineralization (1.8 – 1.9 Million Ounces @ 1.12 – 1.35 G/t) at the Treaty Creek Project in BC’s Golden Triangle $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM-JC at 12:40 PM on Thursday, September 13th, 2018

Hublogolarge2 copy

  • Tudor has determined the potential quantity and grade ranges for gold mineralization encountered up to the completion of its 2017 drill program on the Copper Belle zone
  • Tudor Gold believes that exploration of the Copper Belle zone up to the end of 2017 has indicated the potential for 1.8 to 1.9 million ounces of gold contained within 50 to 45 million tonnes grading 1.12 to 1.35 g/t Au
  • Based on previous exploration results, including 57 current and historic drill holes totaling 22,974 m

Cardston, Alberta–(September 13, 2018) - American Creek Resources Ltd (TSXV: AMK) (“the Company”) is pleased to report on results from Tudor Gold’s exploration at the Treaty Creek project located adjacent to Seabridge Gold’s KSM in BC’s Golden Triangle. Tudor has determined the potential quantity and grade ranges for gold mineralization encountered up to the completion of its 2017 drill program on the Copper Belle zone. Drilling is continuing in 2018 with the aim of increasing the known area of gold mineralization at Copper Belle by the end of this field season.

Tudor Gold believes that exploration of the Copper Belle zone up to the end of 2017 has indicated the potential for 1.8 to 1.9 million ounces of gold contained within 50 to 45 million tonnes grading 1.12 to 1.35 g/t Au. This is based on previous exploration results, including 57 current and historic drill holes totaling 22,974 m. Thirty of the holes (15,424 m) were drilled by Tudor Gold in 2016 and 2017, with 27 holes (7550 m) completed by others in 2007 and 2009. Drill holes are generally spaced 50 to 100 meters apart. The exploration target potential was derived by modelling zones of gold-bearing porphyry style veining and alteration, including quartz-sericite-pyrite and potassic alteration, within a surrounding propylitic “halo”, on vertical cross sections and long sections through the Copper Belle zone. The ranges are based on drill results that define the approximate length, thickness, depth and grade of the Copper Belle zone.

The volumes of the areas modelled on sections have determined the potential tonnage range, whereas the grade range is based on drill results within the modelled exploration target area up to the end of 2017, and on nearest neighbour and inverse distance estimates, within an interpreted 0.3 g/t Au grade shell. The potential tonnages and grades are conceptual in nature, there has been insufficient exploration to define a current mineral resource and it is uncertain if further exploration will result in the delineation of a current mineral resource.

Walter Storm, President and CEO, stated: “We are extremely pleased with the indications for the Copper Belle zone to potentially host between 1.8 and 1.9 million ounces of gold and are looking forward to continued positive results from the 2018 drilling program that we are confident will significantly increase the known extent of the mineralized area at Copper Belle. The 2018 drilling program entails part of the company’s plan to work towards preparation of a mineral resource.”

The Copper Belle zone has been traced by drilling for over one kilometer in length and has been outlined over widths ranging from 250 to 550 meters, with vertical extents of mineralization from 300 to 500 meters. The Copper Belle zone is separated into North and South zones by a post-mineral fault, with indications of thicker mineralized intervals in the North zone (see Figure 1). Drilling in 2018 is focusing on expanding the area of known mineralization in the North zone. Results from the first two holes of the 2018 program were reported in a news release dated Aug 24, 2018. The sixth hole of the season has recently completed and results from more of the new holes are expected within the coming weeks.

 

Figure 1: 3D Isometric of the Copper Belle Zone showing Drill Holes and the Area of 2018 Drilling
To view an enhanced version of Figure 1, please visit: 
http://orders.newsfilecorp.com/files/682/38648_a1536853163300_4.jpg

Tudor Gold and previous operators of the Treaty Creek property have maintained a quality control and quality assurance program where analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream.

Qualified Person

The Qualified Person for the Treaty Creek results in this new release is James A. McCrea, P.Geo., for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

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 Company 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 Company is available on its website at www.americancreek.com.

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. 

All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company‘s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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.

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