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$NSM.ca Northern Sphere Mining Corp. announces Arizona Gold Processing Agreement with New Ruby Mining Corp.

Posted by AGORACOM at 8:40 AM on Tuesday, September 11th, 2018

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  • Entered into a gold processing agreement with New Ruby Mining Corp.
  • The initial production run of gold mineralized material is scheduled to occur during the fourth quarter of 2018.
  • NSM will make payment to New Ruby for the gold mineralized material based on a 50/50 net profit share arrangement.

Toronto, Ontario–(Newsfile Corp. – September 11, 2018) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“NSM” or the “Company”) is pleased to announce it has entered into a gold processing agreement with New Ruby Mining Corp. (“New Ruby”) pursuant to which the Company has agreed to process up to 100 tons per day of high grade gold mineralized material from New Ruby’s Houdon/Ellison gold property (the “Property”), located 80 miles north of NSM’s Globe Arizona production facility.

The processing by NSM will consist of crushing, grinding, screening, gravity concentration and pouring of gold dore bars. New Ruby has agreed to deliver the gold mineralized material to the NSM production facility in batches. The Company will store the mineralized material until sufficient tonnage is received for a production run. Tailings will be returned to the Property as backhaul loads as milling is completed. Gold dore bars will be sold by NSM directly to the refinery.

NSM will provide all of the management and accounting support in connection with these arrangements, including the collection of payment for the sale of gold dore bars. Following receipt of payment on the sale of gold dore bars, NSM will make payment to New Ruby for the gold mineralized material based on a 50/50 net profit share arrangement.

The initial production run of gold mineralized material is scheduled to occur during the fourth quarter of 2018. Metallurgical testing will commence immediately upon receipt of a 500 lbs sample of gold mineralized material from New Ruby. NSM’s production facility includes full gravity processing, an assay facility, maintenance shop and office.

“We are pleased that the Company will be in position to start generating revenue that will be used to advance our other assets,” stated A. John Carter, Chief Executive Officer. “Specifically, we will be focusing on our copper/silver/gold/manganese anomaly in Arizona (approximately 3 miles from the Buckeye Mine) and our gold/copper/cobalt/platinum group metals property in Northern Ontario.”

About Northern Sphere Mining Corp.

Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts to expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.

Cautionary Statements

This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.

For further information, please contact:
A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843

#EV sector growth supports robust #nickel outlook $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 2:02 PM on Monday, September 10th, 2018
  • Growth in nickel demand from the stainless steel and electrical vehicle (EV) sectors were the main topics of discussion at the Anglo American nickel seminar in Shanghai on Thursday September 6.
  • Increasing sales of EVs since 2012, in response to global subsidies for the production of EVs with a longer driving range, has resulted in accelerated nickel-containing battery output.

By Violet Li

Increasing sales of EVs since 2012, in response to global subsidies for the production of EVs with a longer driving range, has resulted in accelerated nickel-containing battery output.

“While nickel prices have been low in the past several years, it has been a fantastic time for end users and the growing use of nickel,” nickel analyst Barry Jackson of Anglo American said.

The three-month nickel price on the London Metals Exchange stood at $12,360-12,400 per tonne on Friday, vastly down from the all-time peak at $48,695-48,700 per tonne on April 2007, but up year on year from $11,640-11,650 per tonne.

There has been substantial growth in new nickel applications, such as EV, and existing nickel application in stainless steel, with the share of nickel contained in stainless steel and usage of nickel in batteries rising since 2007.

“The two very positive trends for nickel consumption in batteries will be the growing share of Ni-containing lithium-ion batteries and growing share of nickel in the batteries,” Jackson added.

Batteries for stationary storage is a growing area for nickel consumption. Meanwhile, home energy storage holds another potential end use for nickel.

Other speakers at the seminar also pointed to urbanization and modernization in infrastructure as positive growth markets for nickel use.

“With the urbanization in China and other countries, water distribution infrastructure will embrace a booming era, and that also means more nickel usage,” Philip Song, chief representative manager in China of the Nickel Institute, said at the conference.

Source: https://www.fastmarkets.com/article/3831794/ev-sector-growth-supports-robust-nickel-outlook-anglo-american-nickel-seminar

Peeks Social $PEEK.ca Users Increase 114% Following Launch of Web Platform $IDK.ca $BCOV $AVID

Posted by AGORACOM-JC at 8:33 AM on Monday, September 10th, 2018

Peeks dark logo

  • Monthly Active Users has increased by 114% since the launch of the web platform (www.peeks.social) on July 9, 2018.
  • Peeks Social is also available on iOS and Android
  • MAUs grew to 314,168 for August 2018, as compared to 245,875 for July 2018, and 146,496 for June 2018.
  • The growth in MAUs was substantially all sourced from the web platform

TORONTO, Sept. 10, 2018 — Peeks Social Ltd. (TSXV: PEEK; OTCQB: PKSLF) (“Peeks Social” or the “Company”) is pleased to announce that the Peeks Social platform’s Monthly Active Users (“MAUs”) has increased by 114% since the launch of the web platform (www.peeks.social) on July 9, 2018. Peeks Social is also available on iOS and Android. MAUs grew to 314,168 for August 2018, as compared to 245,875 for July 2018, and 146,496 for June 2018. The growth in MAUs was substantially all sourced from the web platform.

“The launch of our upgraded web portal has led to robust and significant growth in new users coming the Peeks Social platform.  Although we have witnessed a slight cannibalization of users transitioning from the app to the website, the offsetting growth in users and higher conversion rates from our web marketing efforts have exceeded our initial expectations,” states Mark Itwaru, CEO of the Company. “I would like to congratulate our technical team on the achievement of a successful product launch.”

The Company also announces that user deposits and user sessions for the second quarter (three months ended August 31, 2018) were $1.4 million and 6.5 million, respectively, as compared to $1.4 million and 6.2 million, respectively, for the first quarter (three months ending May 31, 2018). The website of the Peeks Social platform does not yet contain the full purchase functionality of the app platforms, and as such the increase in MAUs has not yet had a direct impact on user deposits. Full purchase functionality will be available on the web platform imminently.

The Company also announces that it has closed a non-brokered private placement. The Company issued an aggregate of 2,250,000 units at a price of $0.12 per unit, for total gross consideration from this private placement of $270,000. Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant is exercisable to purchase one additional common share of the Company at an exercise price of $0.20 per share for a period of 24 months from the date of issuance. The common shares and warrants are subject to a four month hold period. The private placement is subject to the Company obtaining final acceptance from the TSX Venture Exchange upon the filing of required materials in due course. The Company paid aggregate finder’s fees of $21,600 to eligible arm’s length parties in connection with this private placement. Proceeds raised through the private placement will be used for the marketing and advancement of the “Peeks Social” platform, as well as for general working capital and corporate purposes.

Data for MAUs and user sessions was provided through Google Analytics. For additional information on Google Analytics’ definitions of these terms and the methods of calculating these metrics, please refer to https://support.google.com/analytics .

The Peeks Social app can be downloaded in either the Apple or Google app stores, or by visiting www.peeks.social.

For further information, please contact:

Peeks Social Ltd.
Mark Itwaru
Chairman & Chief Executive Officer
416-639-5335
[email protected]

David Vinokurov
Director Investor Relations
416-716-9281
[email protected]

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

Monarques Gold $MQR.ca Sells its Interest in the Chimo Property to Chalice Gold Mines $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:29 AM on Monday, September 10th, 2018

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  • Announced that it has sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (ASX:CHN; TSX:CXN) in consideration of 3 million fully-paid ordinary Chalice shares and a net smelter return (“NSR”) royalty of 0.5-1.5% (0.5% on the claims with pre-existing royalties and 1.5% on all other claims)
  • Chalice is entitled to buy back 0.5% of the NSR royalty from Monarques for $1.0 million at any time

MONTREAL, Sept. 10, 2018 - MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (“Chalice”) (ASX:CHN; TSX:CXN) in consideration of 3 million fully-paid ordinary Chalice shares and a net smelter return (“NSR”) royalty of 0.5-1.5% (0.5% on the claims with pre-existing royalties and 1.5% on all other claims). Chalice is entitled to buy back 0.5% of the NSR royalty from Monarques for $1.0 million at any time.

Previously, Chalice exercised an option in March 2018 to earn a 70% interest in the property under an option and farm-in agreement that called for it to incur $3.1 million in exploration expenditures, make option payments totalling $200,000 and grant Monarques a 1% NSR royalty on certain claims.

“This is a good deal for both companies, as it allows Chalice to consolidate its position in its highly prospective East Cadillac Gold Project and Monarques to keep an interest in this mining play while continuing to focus on its core assets, namely the Wasamac gold project,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques.

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 with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-sells-its-interest-in-the-chimo-property-to-chalice-gold-mines-300709098.html

SOURCE Monarques Gold Corporation

Monarques Gold $MQR.ca Intersects 8.24 g/t #Gold Over 9 Metres Including 26.38 g/t Au Over 2.6 Metres on its Croinor #Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:50 AM on Wednesday, September 5th, 2018

Monarquesgold hub large

  • Hole CR-18-606 returned 8.24 g/t Au over 9.0 metres, including 26.38 g/t Au over 2.6 metres
  • This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan

Drilling confirms grades for planned bulk sampling areas and continues to expand the deposit at depth and to the west

MONTREAL, Sept. 5, 2018 – MONARQUES GOLD CORPORATION (“Monarques”, “Monarques Gold” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report additional assay results from the 2018 diamond drilling program at its wholly owned Croinor Gold project 50 kilometres east of Val-d’Or, Québec. The 20,000-metre program started in March 2018 and is focused on the expansion and infilling of the Croinor Gold deposit. The Phase 2 results are from a total of 5,327 metres of drilling in 27 holes (see plan view). Phase 2 drilling is complete, with assays pending, and Phase 3 drilling has started.

The Croinor Gold deposit is hosted in a sheared diorite sill three kilometres long by 60–120 metres wide, striking 295 degrees north and dipping 50–65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins. The goal of Phase 2 was to extend the Croinor Gold deposit farther west and infill the two areas slated for underground bulk sampling.

Hole CR-18-606 returned 8.24 g/t Au over 9.0 metres, including 26.38 g/t Au over 2.6 metres. This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan. Hole CR-18-601, drilled on the western part of the Croinor Gold deposit, 84 metres west of the nearest hole (CR-11-401) on the same horizon, returned 5.30 g/t Au over 1.1 metres in an intersection 336 metres below surface. These results show that the deposit is still open both at depth and to the west, and that further drilling is warranted.

Hole CR-18-610 returned 5.67 g/t Au over 7.0 metres just below the 500-foot level drift of the old mine, enlarging a planned stope on this level.

Infill drilling of two areas slated for bulk sampling returned 18.45 g/t Au over 0.9 metres, 12.00 g/t Au over 1.2 metres and 11.25 g/t Au over 1.0 metres from the area on the 125-foot level and 12.50 g/t Au over 1.1 metres, 6.34 g/t Au over 1.2 metres and 4.68 g/t Au over 1.2 metres from the area on the 250-foot level, in addition to other values shown in the table below. These encouraging numbers confirm and expand the two areas planned for bulk sampling on two different levels.  The area on the 125-foot level is in the western part of the deposit and the area on the 250-foot level is near the old shaft in the middle of the deposit.

“Drilling on Croinor Gold continues to generate excellent results,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Like Phase 1, Phase 2 was a success, striking mineralized zones in 26 of the 27 holes, returning a number of high-grade intersections and enabling us to confirm the grades and continuity of the gold structures in the planned bulk samples areas and extend the deposit at depth and to the west. As we await the final results for Phase 2, we have commenced Phase 3 drilling, which in addition to definition drilling on planned stopes in the western sector of the deposit is focused on other promising exploration targets on the 151 km2  Croinor Gold property. From what we know of Croinor Gold to date, we believe that its gold discovery potential remains essentially untapped.”

Phase 2 drill results from the Croinor Gold project

Hole Number Length From To Width* Grade Au
(m) (m) (m) (m) (g/t)
CR-18-592 208 180.5 181.2 0.7 1.66
CR-18-596 91 56.5 58.0 1.5 9.87
Including 57.5 58.0 0.5 26.70
CR-18-598 328 277.0 277.7 0.7 0.64
CR-18-599 111 56.6 57.7 1.1 7.78
CR-18-600 82 Abandoned hole
CR-18-601 436 339.3 340.4 1.1 5.30
CR-18-602 81 51.3 52.1 0.8 0.02
CR-18-603 342 151.8 152.8 1.0 1.40
CR-18-604 202 179.6 180.0 0.4 0.03
CR-18-605 97 57.0 58.0 1.0 4.09
CR-18-606** 637 333.5 342.5 9.0 8.24
Including 333.5 336.1 2.6 26.38
346.7 347.3 0.6 3.95
CR-18-607 292 175.0 177.4 2.4 2.00
Including 175.5 176.0 0.5 3.12
CR-18-608 193 132.2 133.2 1.0 0.41
CR-18-609 208 112.3 113.2 0.9 0.13
CR-18-610 250 177.0 178.0 1.0 7.30
180.0 181.0 1.0 5.36
189.0 196.0 7.0 5.67
Including 189.0 192.0 3.0 7.01
199.0 199.8 0.8 7.58
CR-18-611 223 188.0 189.0 1.0 29.50
CR-18-612 300 99.8 100.8 1.0 35.90
CR-18-613 142 74.5 75.5 1.0 0.66
CR-18-614 55 38.7 39.3 0.6 0.16
CR-18-615 181 38.85 40.9 2.05 9.66
Including 40.0 40.9 0.9 18.45
93.5 94.5 1.0 2.35
112.0 113.0 1.0 7.67
175.0 176.35 1.35 3.41
CR-18-616 181 60.4 61.6 1.2 6.34
66.2 67.4 1.2 4.68
CR-18-617 130 36.8 37.6 0.8 0.46
CR-18-618 199 73.3 74.0 0.7 4.54
CR-18-619 151 28.0 29.2 1.2 12.00
32.8 34.8 2.0 6.60
CR-18-620 70 39.0 41.2 2.2 6.72
Including 39.0 40.0 1.0 11.25
CR-18-621 85 66.5 67.6 1.1 12.50
CR-18-622 52 42.0 43.0 1.0 3.07
* The width shown is the core length. True width is estimated to be 90-95% of the core length.
** Hole CR-18-586 was drilled down dip, parallel to the diorite, to test for the presence of multiple directions of quartz veining. The width shown is the core length. True width is estimated to be 30-35% of the core length.

 

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

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 six 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 with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-intersects-8-24-gt-au-over-9-metres-including-26-38-gt-au-over-2-6-metres-on-its-croinor-gold-project-300706598.html

CLIENT FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek, same system as Seabridge Gold $SA $SEA.ca $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM-JC at 2:57 PM on Tuesday, September 4th, 2018

AMK: TSX-V, OTCBB: ACKRF

  • Intersected various mineralized zones
  • Most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth,
  • Including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m

OTHER RECENT HIGHLIGHTS

  • Reported on First Two 2018 Holes at Treaty Creek Including 1.036 G/T Gold over 121.8 Meters and First Sighting of Visible Gold in Core Read More
  • Encountered numerous high grade gold/silver intercepts in preliminary drilling at the new HC zone at the Treaty Creek Project Read More
  • Additional gold discovery of 5.1m of 9.57 g/t gold from 249.35m to 254.45m Read More

View Presentation

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

St-Georges Eco-Mining Corp. $SX $SXOOF Provides Corporate Update

Posted by AGORACOM-JC at 2:40 PM on Friday, August 31st, 2018

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  • St-Georges is now adding to its team of mining consultants and contractors to accelerate the development of its projects and has also initiated discussions with third parties to investigate the potential to joint-venture or farm-out some of its mineral properties that it owns or has option to acquire
  • ZeU Crypto Networks is advancing its listing process as planned, while simultaneously strengthening and establishing its technical team
  • Iceland Resources ehf board of directors has decided to execute its option to acquire 15% of IV for 50 million ISK (approximately $600,000). In order to meet its obligation, St-Georges will issue a 5-year 6% capitalized debenture

Reykjavik / August 31, 2018 –St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to update its shareholders on its on-going corporate developments.

Recent corporate events and managerial changes have allowed the company to review its current mineral processing technology initiatives as well as its prioritization of its mineral exploration efforts. St-Georges is now adding to its team of mining consultants and contractors to accelerate the development of its projects and has also initiated discussions with third parties to investigate the potential to joint-venture or farm-out some of its mineral properties that it owns or has option to acquire. A summary of the Company’s activities as well as a recap of the state of its blockchain technology subsidiaries has been provided below.

BLOCKCHAIN SUBSIDIARIES

ZeU Crypto Networks

ZeU Crypto Networks is advancing its listing process as planned, while simultaneously strengthening and establishing its technical team. The company will publish updates as materiality requires it. The management, employees or consultants working with ZeU will not comment publicly or privately on matters of strategy or on the business model it is implementing.

Borealis EHF

St-Georges’ subsidiary, Borealis EHF is currently working within Iceland and Malta’s regulatory frameworks in order to obtain the proper licensing for the purpose of establishing a blockchain commodity and derivative market place. The subsidiary is evaluating its financial needs and expects to hold discussions with potential strategic partners

MINERAL PROCESSING AND EXPLORATION INITIATIVES

Iceland

Hydro Electric Dam Option: Islensk Vatnsorka EHF (IV)

Iceland Resources ehf board of directors has decided to execute its option to acquire 15% of IV for 50 million ISK (approximately $600,000). In order to meet its obligation, St-Georges will issue a 5-year 6% capitalized debenture. In addition, Iceland Resources will appoint Mr. Frank Dumas to the board of IV and will have first right of refusal on all new equity financing done by Islensk Vatnsorka.

For more information please refer to the press release dated August 15, 2018.

Fall campaign and Drone flights

Work is ongoing on the Icelandic projects and a technical team will be in the field at the Trollaskagi and Thormodsdalur projects in September for mapping, sampling, trenching and collecting aerial imaging of key target areas that were previously identified. Work is ongoing to gain approval for drilling in Thormodsdalur from the local municipality. The company still has six other licences pending that are currently being processed by the government.

Canada

Rare Earths and Niobium Findings

St-Georges’ mineral exploration contractors have been active on the “Muscovite Mines” group of claims owned by St-Georges. The company acquired these claims initially in a joint acquisition through claims designation (electronic map staking) with another mineral exploration company. The other company had also entered into an agreement with private claims owners, some of which were St-Georges directors and officers, for the core claims of these projects that are historical mines. The other mineral exploration company underwent a change of business in 2017 and sold its participation to St-Georges. The core claims of these projects are currently owned by Mark Billings, Frank Dumas and other minority partners.

While the claims acquired by St-Georges were acquired with the objective of securing a zone of interest around the historical mines, it was not the intention of the company to be the main exploration operator but to support its partner of the time to which it was providing technological solutions, while guaranteeing itself a supply of mineral material to test and develop metallurgical processes.

One of these sets of claims referred to as the Xavier Mine Property yielded results worth reporting. The 2018 field work has exposed some alkaline intrusive occurrences from which grab samples taken from surface outcrops have returned significant Rare Earth Elements results. The two best samples yielded 6780 ppm of Cerium (Ce), 2840 ppm of Lanthanum (La), 2690 ppm of Neodymium (Nd) 766 ppm of Praseodymium (Pr), 732 ppm of Yttrium (Y) for a total of over 1.5% REE and 5080 ppm of Cerium (Ce), 2140 ppm of Lanthanum (La), 2380 ppm of Neodymium (Nd), 1305 ppm Yttrium (Y) and results in excess of 2500 ppm of Nobium (Nb). Further testing for Nobium and a compilation of the work done are planned.

For further information on the muscovite mines group of properties please refer to St-Georges’ press release dated April 28th 2016 “St-Georges Partners with Active Growth to Explore Lepidolite & Muscovite Pegmatites” and press release dated November 13th 2017 “St-Georges Updates on Share Issuance & Warrants Execution”.

Isoukustouc (Kings of the North Subsidiary)

Earlier this summer, the company collected several hundred kilos of blast samples from the B40 showing section of the Isoukustouc project. This material is being used for metallurgical testing and approximately 100kg should be sent out for independent testing in the coming month. In order to test the scalability of a newly developed Ferro-Nickel metallurgical process, additional tonnage should be collected with heavy machinery in late September or early October.

Historical assay values obtained on selected grab samples yielded 17.00% copper, 3.84% nickel and 0.20% cobalt. The 2012 surface sample program executed by St-Georges on the surroundings of the B40 section of the project yielded 1.85% nickel and 0.335% copper on average. An exploration program of 2,343 line-km of airborne magnetic geophysical survey with 100m spacing was completed in 2011.

Julie Nickel

The company has initiated permitting for a multi-stage drilling effort on Julie in the coming months. A team should be on the project in late September to map, sample and prepare the ground for a multi-tonne bulk sampling to give the company enough material to advance some of its metallurgical initiative pertaining to Nickel and Cobalt. Some initial drilling might occur this fall if conditions allow. The potential for a larger drilling effort is being looked into for the winter of 2019.

The Julie Nickel Discovery best result to date is a 11.64 meters channel intersection at surface that graded 1.82% Nickel, 0.29% Copper and 0.04% Cobalt.

Le Royal Lithium

Earlier this summer a team of prospectors accompanied by geologists participated in a 5-day surface campaign on the property. Pegmatite outcrops and geophysical targets were the main focus of interest. Samples from Le Royal should be sent later this fall to Australia to be processed by Strategic Metallurgy PTY. This project is jointly own by St-Georges (90%) and Lepidico (ASX:LPD) 10%.

Lithium Processing Technology Update

Test work is ongoing to concentrate lithium fines in clays. Resulting higher concentrations of lithium should allow more aggressive recovery methods. Very fine particles and crystal characteristics are the key focus of the current research and testing initiative.

In parallel the team is experimenting with a hybrid approach to mixed acids. Success of this approach should allow the elimination of the calcining step of processing.

Final purification stages of the process, adjusted to the particular resources impurities, will combine membranes, resins and liquid separation.

Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur T. Vilhjalmsson”

VILHJALMUR THOR VILHJALMSSON

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region.Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

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

CLIENT FEATURE: Explor $EXS.ca Flagship Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 10:58 AM on Friday, August 31st, 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.

$GGX.CA GGX Gold Drilling Intersects 9.52 g/t Gold & 118 g/t Silver over 1.47 Meters, Gold Drop Property, Southern British Columbia

Posted by AGORACOM at 9:49 AM on Friday, August 31st, 2018

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  • Rresult for holes COD18-49 to COD18-51. The COD gold bearing vein is located in the Gold Drop Southwest Zone.
  • COD18-49 intersected 9.52 g/t gold & 118 g/t silver over 1.47 meters

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-49 to COD18-51 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone. High grade gold has been confirmed within the COD Vein during the 2018 drill program with some core samples exceeding 1 oz. / ton gold. Gold bearing quartz veins are also reported in the east and north regions of the property, with historic samples reported to exceed 1 oz. / ton gold for veins in both areas.

Gold bearing quartz vein in drill hole COD18-49

(9.52 g/t gold over 1.47meters)

To view the graphic in its original size, please click here

The analytical results listed below are highlights from drill holes COD18-49 to COD18-51 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-49 31.14 32.61

1.47

9.52 118 72.2
including 31.14 31.5 0.36 5.56 39.4 48.1
including 31.8 32.1 0.3 1.99 11.55 8.75
including 32.1 32.4 0.3 24.5 367 186
including 32.4 32.61 0.21 19.1 214 142.5
COD18-51 31.51 31.89 0.38 1.06 11.8 7.71

 

The highlight from these analytical results is an intersection of 9.52 g/t gold & 118 g/t silver over 1.47 meters core length in drill hole COD18-49, including 24.5 g/t gold, 367 g/t silver and 186 g/t tellurium over 0.30 meter core length. This interval of quartz veining and altered wall rock inclusions is at approximately 22 meter vertical depth and approximately 140 meters southwest of the area of 2017 trenching at the COD Vein. This hole was drilled at a 45 degree dip to the northwest. Holes COD18-45 and COD18-46, drilled from the same set-up but to the west, also intersected near-surface high grade gold (News Releases of August 15 and 22, 2018) identifying this area as having potential for high grade gold mineralization. COD18-49 was drilled approximately 200 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter core length (News Release of September 7, 2017).

The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15 and August 22. Most of these holes are southwest of the area of 2017 trenching. More significant gold intersections (core length) to date from the 2018 program are as follows:

  • COD18-3:       14.62 g/t Au over 2.1 meters
  • COD18-26:     10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
  • COD18-28:     11.3 g/t Au over 0.51 meters
  • COD18-33:     8.65 g/t Au over 2.98 meters
  • COD18-34:     6.16 g/t Au over 3.41 meters
  • COD18-37:     8.23 g/t Au over 3.95 meters
  • COD18-45:     50.1 g/t Au over 2.05 meters
  • COD18-46:     54.9 g/t Au over 1.47 meters
  • COD18-49:     9.52 g/t Au over 1.47 meters

To view the graphic in its original size, please click here

The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

In addition to the gold discovered by the Company at the COD and Everest Veins, gold mineralization is reported in in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

To view the Original News release with pictures please go to the website or contact the company.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

Investor Relations:

Mr. Jack Singh, 604-488-3900   [email protected]

 

“ We don’t have to do this, we get to do this ” 

The Crew 

Monarques Gold $MQR.ca Provides an Update on its Production Activities $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 6:09 PM on Thursday, August 30th, 2018

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  • Production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018, and the mine will be placed on care and maintenance.
  • The Corporation will continue its exploration activities at the Beaufor Mine in order to increase its gold resource over the longer term, given the many high-grade results obtained since the end of 2017.
  • Camflo’s custom milling operations, which reported another consecutive increase in revenues in the fourth quarter of more than 31%, will not be affected.
  • The Corporation will focus its efforts on developing and completing the feasibility study of its core asset, the Wasamac gold deposit, which contains measured and indicated resources of 2,587,900 ounces of gold (see Table 1 at the end of this release).
  • The Corporation has acquired land adjacent to the Wasamac project, with more than 1 km strategically located along the Trans-Canada Highway and the Ontario Northland Railway.
  • Monarques Gold has sold its 2% net smelter return royalty in the East Amphi property to Canadian Malartic GP for $250,000.

MONTREAL, Aug. 30, 2018 - MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) announced today that production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018. The suspension is primarily due to the low grades of the ore mined at Beaufor in recent quarters, combined with the persistent weakness in the price of gold and difficulties recruiting qualified manpower in the region. As a result, the mine’s workforce will be cut to around ten employees who will be assigned to care and maintenance of the mine and its facilities.

“This decision was necessary for the future of the Corporation,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “With the persistent weakness in the gold price and lower-than-expected grades, operations at the Beaufor Mine have been challenging in the last two quarters, a situation that had to be corrected at all costs. Over the coming quarters, we will be looking for ways to improve the mining grade while pursuing our exploration activities, which have generated very promising results. Our goal is to restart the Beaufor Mine as soon as we are able to ensure that our operations will be profitable.”

“We will also step up our efforts to develop Monarques’ main asset, the Wasamac gold deposit, which, by using the latest technology, has the potential to become a mine. We will soon issue an update on the status of the Wasamac feasibility study, where we are seeing some very encouraging developments. In terms of operations, it is important to underscore that our custom milling operations at the Camflo mill are growing every quarter and are expected to continue contributing positively to our results,” Mr. Lacoste added.

Exploration program and strategy at the Beaufor Mine

The new exploration strategy at the Beaufor Mine will aim to grow the high-grade gold resource over a longer-term horizon, in order to ensure greater operating profitability.

The many factors leading the Corporation to continue exploring at Beaufor, which has produced more than 1.1 million ounces over its lifetime, include the multiple high-grade results obtained since the end of 2017 and the fact that the mine still has excellent exploration potential along strike and at depth.

Along these lines, the Corporation has obtained new results from its 2018 drilling program. The results are for a total of 3,220 metres of drilling in 14 exploration holes. Nine of the holes intersected mineralization, including hole 18-150-68A, which returned 10.38 g/t Au over 7.65 metres, including 100.50 g/t Au over 0.50 metres in the QF1 vein. The QF veins generated other significant results, including 84.80 g/t Au over 1.65 metres, 59.45 g/t Au over 0.50 metres, 58.30 g/t Au over 0.50 metres, 32.51 g/t Au over 1.2 metres and 26.50 g/t Au over 0.50 metres. The drill results are summarized in Table 2 at the end of this release.

Acquisition of strategic land adjacent to the Wasamac project

On August 24, 2018, Monarques acquired a property next to the Wasamac project to serve as the site of the project’s mining facilities. Located further away from the local community, the property has the added strategic advantage of including a stretch of more than 1 kilometre along the Trans-Canada Highway and the Ontario Northland Railway, easing transportation logistics for the mined material.

Sale of the East Amphi property royalty to Canadian Malartic GP

On August 21, 2018, the Corporation sold its 2% net smelter return royalty on the East Amphi property to Canadian Malartic GP for the sum of $250,000. The royalty was among the assets acquired from Richmont Mines but did not fit into the Corporation’s development plans.

Quality control and qualified person

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to Val-d’Or for assaying at the ALS Geochemistry laboratory, which is fully accredited under ISO 17025. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 10.0 g/t are re-assayed using the gravity method. Certified standards and blanks are inserted into the sampling stream for quality control purposes.

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 a mining company focused on pursuing growth through its large portfolio of high-quality gold 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 six 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 – 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)

 

Table 2 – Summary of exploration drilling results at the Beaufor Mine

Project Hole From
(m)
To
(m)
Length
(m)
Grade
(g/t Au)
Zone/Vein
QH Veins

Zone Q

QF Veins

(East sector)

18-150-67a 296.70 297.20 0.50 8.76 N
372.60 373.10 0.50 25.55 QH
409.25 410.90 1.65 84.80 QF
incl. 409.75 410.40 0.65 209.00
466.85 467.35 0.50 20.93 QF
472.80 473.35 0.55 11.83 QF1
495.80 496.30 0.50 26.50 QF
18-150-68a 375.15 375.95 0.80 61.75 QH
391.05 391.80 0.75 7.67 QH
403.50 405.00 1.50 11.86 QH2
408.15 408.65 0.50 10.44 QH
483.60 484.10 0.50 59.45 QF
498.15 505.80 7.65 10.38 QF1
incl. 498.15 498.65 0.50 17.03
incl. 501.35 501.85 0.50 22.98
incl. 505.30 505.80 0.50 100.50
518.85 520.60 1.75 6.25 QF
QF Veins

(Centre sector)

18-137-40 19.40 20.00 0.60 5.30 QF
23.00 23.50 0.50 58.30 QF
24.60 25.15 0.55 3.80 QF
27.80 28.80 1.00 2.95 QF
143.90 144.40 0.50 2.63 QF
167.45 167.95 0.50 2.13 QF
18-137-41 21.40 21.90 0.50 2.40 QF
39.40 39.90 0.50 8.90 QF
63.40 63.90 0.50 19.58 QF
253.85 254.50 0.65 11.58 QF
18-137-42 QF1
18-136-84 12.00 14.00 2.00 5.96 QF
23.90 25.10 1.20 32.51 QF
incl. 23.90 24.40 0.50 70.65
QF Veins

(West sector)

18-117-46 QF1
18-117-47 58.25 60.00 1.75 2.22 QF1
incl. 59.50 60.00 0.50 5.52
18-117-48 QF1
18-117-49 QF1
18-117-50 QF1
18-117-51 54.85 56.05 1.20 6.73 QF1
incl. 54.85 55.45 0.60 10.85
173 18-173-18 304.20 305.20 1.00 7.25 F
incl. 304.20 304.70 0.50 13.18
18-173-19 281.00 281.50 0.50 3.62 Between D-F
282.00 283.00 1.00 9.59 Between D-F
309.30 309.80 0.50 10.43 Between D-F
364.60 365.10 0.50 2.11 F
443.80 444.30 0.50 3.97
QH: True width corresponds to approximately 85% of the core length.
QF/QF1: True width corresponds to approximately 60-95% of the core length.
173: True width corresponds to approximately 75% of the core length.

 

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