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$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 

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Posted in AGORACOM News And Events, All Recent Posts, Featured, Small and Micro-Cap Space | Comments Off on $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

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.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-provides-an-update-on-its-production-activities-300705113.html

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Posted in All Recent Posts, Featured, Monarques Gold | Comments Off on Monarques Gold $MQR.ca Provides an Update on its Production Activities $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

New Age Metals $NAM.ca Completes Genesis #PGM/ #Polymetallic Technical Report, Management Actively Seeking Option/Joint-Venture Partner Drill Ready/Road Accessible Alaskan Project $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 8:53 AM on Wednesday, August 29th, 2018

New age large

  • On April 4th, NAM announced it had signed a binding Letter of Intent (LOI) with Avalon Development Corp. in Alaska to use its PGM database. This agreement will aid NAM in acquiring additional PGM projects in the State in the future.
  • The Genesis PGM Project is a road accessible, under explored, highly prospective multi-prospect drill ready Pd-Pt-Ni-Cu property that warrants initial drilling, additional surface mapping, sampling to expand the known footprint of mineralization and to determine the ultimate size and grade of the layered mineralization outlined to date.
  • On April 18th, NAM acquired rights for 100% interest in the 10,240-acre, road accessible and drill ready Platinum Group Metal (PGM)/Polymetallic Project.
  • The mineralized horizon has been identified in outcrop sampling for 850 m along strike and a 40 m true thickness. (for more information please click to the April 18, 2018 news release).
  • The identification of two different styles of PGM/ Multi-Element mineralization at Sheep Hill suggests that multiple mineralizing events have occurred.
  • The stable land status, ease of access and superb infrastructure make this project prospective for year-around exploration, development and production.
  • Outcrop sampling has returned values of 16-9,660 ppm Ni, 0.5-5,800 ppm Cu, 0-2,800 ppb Pt, 0-2,540 ppb Pd
  • The company is actively seeking an Option/Joint-Venture partner to further develop this project

August 29th 2018 / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) The company is very pleased to announce that the first technical report on NAM’s 100% owned Genesis PGM/Polymetallic Project is complete.

NAM Seeking Option/Joint-Venture Partner

NAM management is actively seeking an option/joint-venture partner for this road accessible PGM/Multiple Element Project using the Prospector Generator business model. For a copy of the Avalon report please contact Cody Hunt, Business Development ([email protected]) or by phone at 613-659-2773. A standard confidentiality agreement will be forwarded to the interested party and the report will be made available.

Avalon Development Corporation (Avalon) provided geologic consulting, including field sampling, mapping and data compilation on this project in the past and was retained to compile this NI 43-101 compliant report.

The Genesis project is a Ni-Cu-PGM property located in the northeastern Chugach Mountains, 75 road miles north of the city of Valdez, Alaska. The project is within 3 km of the all-season paved Richardson Highway and a high capacity electric power line. The project is covered by 4,144 hectares (10,240 acres) of State of Alaska mining claims owned 100% by New Age Metals. Past exploration has revealed the presence of chromite-associated platinum and palladium mineralization and stratabound Ni-Cu-PGM mineralization within steeply dipping magmatic layers of the Sheep Hill portion of the Tonsina Ultramafic Complex. The mineralized horizon has been identified in outcrop sampling for 850 m along strike and a 40 m true thickness.

 


Click Image To View Full Size

Figure 1: Location of the Genesis Project, Nelchina Mining District, Alaska.

PGM values at Genesis are strongly correlated with the chromite rich portions of the mineralized horizon, while Ni and Cu are strongly correlated with sulfide rich portions of the mineralized horizon. Metal grades are regular over multiple meter intervals, including 6 meters grading 804 ppb platinum and 1,018 ppb palladium, and 12 meters grading 5,938 ppm nickel. There has been no drilling on this district-scale project and the strike and depth extent of Ni-Cu-PGM mineralization remains untested. Additionally, two areas of banded chromite hosted in dunite and harzburgite on the Bernard Mountain portion of the Tonsina Ultramafic Complex host multiple ppm PGM and a sample of chromite hosted in the olivine websterite unit contains the high values for both Platinum (Pt) and Palladium (Pd) for a combined 5,340 ppb PGM. Outcrop sampling has returned values of 16-9,660 ppm Ni, 0.5-5,800 ppm Cu, 0-2,800 ppb Pt, 0-2,540 ppb Pd. Limited geochemical sampling and geologic mapping has been conducted over these two mafic-ultramafic massifs.

The identification of two different styles of PGM mineralization at Sheep Hill suggests that multiple mineralizing events have occurred. The parental magma for the Tonsina Ultramafic Complex contained highly anomalous concentrations of PGM and Ni. More exploration is required to define if a reef event has formed the stratabound magmatic sulfide mineralization and if the geochemical patterns caused by reef formation hosts economically significant Ni-Cu-PGM mineralization in the Tonsina Ultramafic Complex.

The different Cr/Fe ratios for chromite ores studied by the USBM during the 1980’s (Foley et al, 1985, Foley and others, 1987) fits with observations from layered intrusions with multiple chromite horizons (Maier and Barnes, 2005) where the Cr/Fe ratio decreases in successive chromite layer formation. The decrease in Cr/Fe ratios between Bernard Mountain, thought to be a basal sequence, and Sheep Hill, interpreted to be a stratigraphically higher portion of the intrusive complex (Foley and others, 1987), could indicate that multiple chromite formation events have occurred in the ultramafic magma chamber, and that other PGM-enriched horizons remain undiscovered. PGM profiles of Genesis project outcrop samples show a Ruthenium trough, which is postulated to have formed during partial melting of the mantle in a subduction environment, and are more similar to PGM profiles from Ni-Cu-PGM ores from layered intrusions such as Stillwater, the Great Dyke, and Penikat, than PGM profiles from ophiolite associated ores.

 


Click Image To View Full Size

Figure 2: Projects Location Map: The road accessible Genesis PGM Project adjacent to Richardson Highway and 138 kv electric lines. The project is 460 road kilometers to Fairbanks, Alaska and 120 road kilometers to the all-weather port city of Valdez.

Merits of the Genesis PGM Project

The Genesis PGM Project is an under explored, highly prospective multi-prospect drill ready Pd-Pt-Ni-Cu property that warrants follow-up drilling, additional surface mapping, sampling to expand the known footprint of mineralization and to determine the ultimate size and grade of the layered mineralization outlined to date. The stable land status, ease of access and superb infrastructure make this project prospective for year-around exploration, development and production.

Significant aspects of the Genesis PGM Project include:

  • – Drill ready PGM-Ni-Cu reef style target with 2.4 grams/ton Palladium (Pd), 2.4 grams/ton Platinum (Pt), 0.96% Nickel (Ni), and 0.58% Copper (Cu).
  • – Reef mineralization is open to the west, east, north, and at depth.
  • – Mineralized reef identified in outcrop for 850 m along strike and a 40 m true thickness.
  • – Separate style of chromite mineralization contains Platinum Group Metals (PGM) up to 2.5 g/t Pd and 2.8 g/t Pt.
  • – Known PGM mineralization covers a distance of 9 km across the prospect.
  • – No historic drilling has been done on the project.
  • – Project is within 3 km of a paved highway and electric transmission line.
  • – Project is on stable State of Alaska claims.
  • – Fraser Institute’s 2017 survey of mining companies has Alaska ranked as the 10th best jurisdiction in the world for mining.

The agreement with Anglo Alaska is for an aggregate of 64 contiguous one hundred and sixty-acre claims (10,240 acres) in the Valdez and Chitina Recording District, Alaska.

 


Click Image To View Full Size

Figure 3: Claim location map for the Genesis Project.

Future Recommended Work on the Genesis Project by Avalon Development’s August 2018 Report

Year 1: Initial efforts at Genesis should focus on detailed geologic mapping (1:1,000 or better), grid-based lithogeochemical sampling, 2D and 3D reinterpretation of previously completed airborne and ground geophysical surveys, and acquisition, interpretation and ground-truthing of hyperspectral imagery over the Tonsina Ultramafic complex and vicinity. This effort will require some pre-season desk-top work (geophysical reinterpretation and hyperspectral analysis) followed by field work centered on 6 to 8 person tent camps that are emplaced by helicopter but which do not have daily helicopter support. The focus of field efforts will be detailed geologic mapping and lithogeochemical sampling designed to locate and define both bedded and chromite-related Cu-Ni-PGM mineralization to a degree sufficient to target drilling in year 2. All analytical work will include Pt+Pd+Au by fire assay and multi-element IPC-AES analysis with 4-acid digestion. Total estimated cost of this program is approximately $500,000.

Year 2: Exploration recommended for year 2 will be focused on initial scout drilling of one or more targets as refined by year one efforts. Approximately 2,500m of drilling is included in this program. Hole coordinates, inclinations and azimuths will be refined using results from year 1 field efforts. Drilling will be helicopter supported using an LF70 or CS1000 or equivalent drilling rig supplied with water derived from local streams or ponds. Drill support will be from a contract tent camp capable of supporting 10-12 persons. All drill core will be logged, photographed, and sawed with one-half of the core remaining in archive, the other half being shipped for geochemical analysis. All analytical work will include Pt+Pd+Au by fire assay and multi-element IPC-AES analysis with 4-acid digestion. Total estimated cost of this program is approximately $1,000,000.

Year 3: Exploration recommended for year 3 will be focused on definition drilling of the most promising target drilled in year 2. The goal of year 3 efforts will be to advance at least one target to the inferred resource stage. Approximately 5,000 metres of drilling is included in this program. Hole coordinates, inclinations and azimuths will be refined using results from year 2 drilling efforts. Drilling will be helicopter supported using an LF70 or CS1000 or equivalent drilling rig supplied with water derived from local streams or ponds. Drill support will be from a contract tent camp capable of supporting 10-12 persons. All drill core will be logged, photographed, and sawed with one-half of the core remaining in archive, the other half being shipped for geochemical analysis. All analytical work will include Pt+Pd+Au by fire assay and multi-element IPC-AES analysis with 4-acid digestion. Total estimated cost of this program is approximately $1,500,000. NAM’s management are actively seeking an Option/Joint-Venture partner for Genesis.

ABOUT NAM’S LITHIUM DIVISION

The summer exploration plan has begun for the company’s Lithium Division (June 14th, 2018). NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium-bearing pegmatites. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.

Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now expend a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration expenditure earn in is $2.950 million and should they continue with their option they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of eight Lithium Projects in this large underexplored pegmatite field. On July 11th,2018, NAM announced that they had exercised their option to search for Lithium and Rare Metals on the CAT4 claim. For additional information on the NAM/AAZ option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May 2, 2018, May 10, 2018, June 6, 2018, June 13, 2018, July 11, 2018) or go to the investors presentation on www.newagemetals.com

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). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated Mineral Resources of 160 million tonnes @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a PdEq metal grade of 0.90 g/t at a cut-off grade of 0.4 g/t PdEq equating to 3,297,000 ounces PGM plus Gold and 4,626,000 PdEq Ounces (Table 1). This equates to 4,626,000 PdEq ounces M+I and 2,714,000 PdEq ounces in Inferred classification (see May 8th, 2018 press release). NAM is currently conducting Phase 4 of their proposed 2018 exploration and development program. The current program is based on recommendations of previous geophysical studies and reviews by the company’s consultants, recent drilling, ongoing advanced metallurgical and minerology studies and selective pit design drill programs. The results of Phase 4 will assist in early PEA work being conducted by P&E Mining Consultants Inc and DRA Americas Inc and is meant to contribute towards the River Valley PEA. Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors, will oversee the completion of the PEA.

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 in August 2018 on Genesis. This report was completed by Avalon Development of Fairbanks Alaska.

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. For a copy of the Avalon report please contact Cody Hunt, Business Development ([email protected]) or by phone at 613-659-2773. A standard confidentiality agreement will be forwarded to the interested party and the report will be made available.

The results of the new 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 Curt Freeman, P.Geo., of Avalon Development Corp, a consulting geoscientist for New Age Metals. Mr. Freeman is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Anthony Ghitter, Business Development, Tel: 1-613-659-2773, email: [email protected] and/or Cody Hunt Business Development, email: [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) 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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CLIENT FEATURE: Monarques Gold $MQR.ca A PRODUCER With $10M In Quarterly Revenues $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 2:31 PM on Tuesday, August 28th, 2018

Why Monarques Gold?

Q4 Highlights (June 30th)

  • Monarques produced 4,695 ounces of gold in its fourth quarter
  • Recorded revenues of $10.0 million in the fourth quarter, from the sale of 4,589 ounces of gold at an average price of $1,609 per ounce (US $1,246), combined with revenue from custom milling, which was up 31% for the quarter.
  • Reported an initial set of results for its 2018 drilling program at the Beaufor Mine. The results were for nine holes totalling 2,047 metres of drilling on the QF1 and 1700 projects (see press release dated July 17, 2018).

FULL DISCLOSURE: Monarques Gold Corp. is an advertising client of AGORA Internet Relations Corp.

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Tartisan $TN.ca Signs Binding Letter of Intent for the Sale of the Alexo-Kelex #Nickel Project $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca

Posted by AGORACOM-JC at 11:29 AM on Tuesday, August 28th, 2018

Tc logo in black

  • Signed a binding Letter of Intent with VaniCom Limited of Perth, Western Australia for the sale of a 100% interest in the Alexo-Kelex Nickel Project located near Iroquois Falls, Ontario
  • Purchase terms include a payment of C$50,000 by VaniCom to the Company on signing the Binding Letter of Intent with a further payment of C$100,000 to the Company in cash on closing of the definitive Purchase Agreement

Toronto, Ontario – Tartisan Nickel Corp. (CSE: TN, FSE: A2DPCM) (“Tartisan”, or the “Company”) is pleased to announce that the Company has signed a binding Letter of Intent with VaniCom Limited (“VaniCom”) of Perth, Western Australia for the sale of a 100% interest in the Alexo-Kelex Nickel Project located near Iroquois Falls, Ontario (the “Property”).

The purchase terms include a payment of C$50,000 by VaniCom to the Company on signing the Binding Letter of Intent with a further payment of C$100,000 to the Company in cash on closing of the definitive Purchase Agreement. In addition, VaniCom will issue the Company shares in the capital of VaniCom with a value of C$350,000. Tartisan will receive a 0.5% Net Smelter Return Royalty on any future production from the Alexo-Kelex Nickel Deposit. The Letter of Intent also includes a requirement that VaniCom incur expenditures of at least C$750,000 on exploration and development on the Property over a 36-month period. Tartisan Nickel will also retain the Reclamation Bond Proceeds of approximately C$278,000 presently held by the Ontario Ministry of Natural Resources and Forestry as the Company wraps up the previously announced summer reclamation program.

Tartisan CEO Mark Appleby commented, “The sale of the Alexo-Kelex Nickel Project brings value to our shareholders while still retaining upside on this particular asset. The furtherance of the project while avoiding dilution and receiving cash and securities fits with our core objectives. Tartisan is pleased to work with VaniCom as they work to advance the Alexo-Kelex Project”.

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

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

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

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

About Tartisan Nickel Corp.

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

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN, FSE 8TA). Currently, there are 99,663,550 shares outstanding (113,866,934 fully diluted).

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

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

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

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

To view the original release, please click here
Source: Tartisan Nickel Corp. (CSE:TN, FWB:A2DPCM)

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American Creek $AMK.ca Reports 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 $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM-JC at 9:06 AM on Monday, August 27th, 2018

Hublogolarge2 copy

  • Significantly, the first sighting of coarse visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32.
  • CB-18-32 intersected 1.036 g/t gold over 121.8 meters and 0.800 g/t gold over 49.5 meters

Cardston, Alberta–(August 27, 2018) – American Creek Resources Ltd (“the Company”) (TSXV: AMK) is pleased to report initial results from the 2018 Tudor Gold drill program on the Copper Belle zone of the Company’s Treaty Creek property in BC’s Golden Triangle. Gold, silver and copper analyses have been received from the first two holes. To date, five holes have been completed, totaling 3,899 meters and the sixth and seventh holes are proceeding.

The gold assays from the first two drill holes indicate broad intervals of more than 300 meters of gold mineralization that have expanded the known area of the Copper Belle zone, providing positive results that will be used in future resource calculations. Significantly, the first sighting of coarse visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32.


Figure 1: Copper Belle visible gold in CB-18-32

To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/682/38293_a1535343423510_93.jpg

Walter Storm, Tudor Gold President and CEO, stated: “We are extremely encouraged by the broad intervals of gold mineralization encountered in the first two drill holes of the season at Copper Belle. The large step-outs with the drills will quickly evaluate a significant area of the porphyry system and we are prepared to drill deeper holes to explore the indications of continuing gold mineralization at depth. In addition, there is a three-kilometer interval between Tudor Gold’s Copper Belle discovery and Seabridge Gold’s Iron Cap deposit, in which our magnetotelluric geophysical survey has identified strongly anomalous targets that have yet to be drill tested.”

CB-18–31, the first hole of the season, is a step-out hole that has expanded the known extent of the Copper Belle zone some 100 m to the west of previous drilling. CB-18-32, which is located 190 m south of hole 31, has also extended the zone more than 100 m to the west. Current drilling continues to step out successfully to the west in large jumps of 100 to 150 meters, providing information about a sizeable portion of the porphyry-style mineralized system. The Copper Belle zone appears to be a relatively flat-lying body that is located along trend, to the northeast of the Iron Cap Au-Cu deposit on the adjacent property of Seabridge Gold Corp. Holes at Copper Belle in 2018 are testing a magnetic high that measures some 600 meters by 500 meters and has previously only been drilled along its eastern and southern margins. For locations of the 2018 and other holes in the Copper Belle area that are overlain on Total Magnetics contours, please view the map below.

CB-18-31 intersected a 302 meter-long mineralized interval from 392.0 to 694.0 meters that averages 0.471 g/t gold. Within this section are zones of more intense silica alteration that contain greater concentrations of pyritic mineralization, which have returned higher gold values, such as 1.908 g/t Au over 20.5 meters.

CB-18-32 intersected two broad zones of mineralization; the upper zone averages 0.662 g/t gold over 337.8 meters and also contains intervals of stronger alteration and mineralization, such as 1.036 g/t gold over 121.8 meters and 0.800 g/t gold over 49.5 meters. The lower zone, 90 meters downhole from the first, averages 0.395 g/t gold over 169.5 meters, with higher grade intervals such as 0.758 g/t gold over 31.5 meters. Strong mineralization is present at the end of hole 32, indicating very good potential for continuing gold values at depth.

Gold, silver and copper results for holes CB-18-31 and CB-18-32 are summarized in the table below:

Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Comments
–
CB-18-31 392.0 694.0 302.0 0.471 1.5 0.010 –
includes 392.0 428.0 36.0 0.681 3.8 0.016 –
and 479.5 500.0 20.5 1.908 3.5 0.010 –
and 528.9 599.5 70.6 0.660 1.9 0.016 –
and 634.0 640.0 6.0 2.112 2.0 0.003 –
and 662.6 680.5 17.9 0.620 2.4 0.019 –
EOH 748.0
CB-18-32 194.7 532.5 337.8 0.662 1.9 0.016
includes 194.7 316.5 121.8 1.036 106.0 – with 37.0 m at 2.200 g/t Au
and 368.8 389.5 20.7 0.751 5.1 0.019
and 413.7 426.5 12.8 0.662 8.2 0.128
and 451.5 460.5 9.0 0.849 1.3 0.019
and 483.0 532.5 49.5 0.800 2.7 0.002 with 18.0 m at 1.477 g/t Au
623.0 792.5 169.5 0.395 1.5 0.025
includes 636.5 651.5 15.0 0.439 1.9 0.003
and 689.0 697.0 8.0 0.867 5.7 0.003
and 708.8 741.5 32.7 0.530 1.4 0.044
and 752.0 783.5 31.5 0.758 2.0 0.049 with 6.0 m at 1.282 g/t Au
EOH 794.0

* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined.

Earlier in the season, Tudor Gold field crews examined and channel sampled a new zone of porphyry-style veining that has recently been exposed by retreating glacial ice. This area is about 1.1 kilometers southwest of the Copper Belle zone, toward the Iron Cap deposit, and has not been previously sampled. Of the twelve samples, several were anomalous in gold, with values such as 0.522 g/t gold over 1.5 meters. Additional sampling in this new zone is planned.


Figure 2: Copper Belle Drill Hole Locations on Total Magnetic Intensity
(“Warmer” Colours Indicate Higher Magnetic Intensity)

To view an enhanced version of Figure 2, please visit: http://orders.newsfilecorp.com/files/682/38293_a1535343423635_71.jpg

To learn more about Treaty Creek please click the link below for an information sheet and / or from our recently updated website at www.americancreek.com.

https://americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project_Aug_2018.pdf

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

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

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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CLIENT FEATURE: American Creek $AMK.ca encounters high grade #Gold / #Silver at Treaty Creek, same system as #Seabridge Gold

Posted by AGORACOM-JC at 11:08 AM on Friday, August 24th, 2018

AMK: TSX-V, OTCBB: ACKRF

Geology, geophysics, and exploration on Treaty Creek indicate potential for world class deposits.

  • Adjoining Pretivm and Seabridge Gold claims (Snowfield / Brucejack / VOK / KSM)
  • 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

Hub On AGORACOM / Corporate Profile

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

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#HPQ Closes $ 5,250,000 Financing $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 3:33 PM on Tuesday, August 21st, 2018

Hpq large

  • Announced the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government
  • “Créativité Québec” program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000
  • Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018,

MONTREAL, Aug. 21, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to announce the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government, via its “Créativité Québec” program, and PyroGenesis Canada Inc. (“PyroGenesis”).

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Closing these financings, at more than a 40% premium to present market price, is a tangible validation that both the Quebec Government and PyroGenesis believe in the innovative potential of our PUREVAPtm QRR process.  With these financings earmarked for the completion of our pilot equipment project closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team” as well as building market awareness of our progress, plans and success.”

$5,250,000 FINANCING SALIENT POINTS

The Quebec government, through its “Créativité Québec” program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000.  Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018, after deductions of filing studies fees and legal fees emanating from IQ lawyers for the due diligence review.

The 5-year Convertible Debenture matures on August 20, 2023 and bears interest at a rate of 5% per annum. The interest payment can be accrued, at the Company’s option, up to the term of the Debenture.  IQ will have the right, at anytime, to convert the Debenture into common shares of HPQ at a price of $0.12 per share.  IQ may also, at the date of the conversion of the capital into shares, convert the accrued interest payable in shares of HPQ, subject to the approval of the TSX-Venture and the conversion price for the payment of the accrued interest will be established in accordance with the policies of the TSX-Venture.

HPQ will be allowed to proceed with an early repayment of the Debenture, capital and accrued interest, 36 months after the issuance of the debenture, subject to the payment to IQ by HPQ of a redemption premium equal to a compounded annual return of 20% on the capital of the Debenture.

Concurrent to the issuance of the Debenture, HPQ issued to IQ 15,000,000 Warrants, each Warrant entitling IQ to purchase one common share of the capital stock of HPQ at an exercise price of $ 0.17, for a period of 36 months from the close.  The Debenture, the warrants and any stock issuance emanating from the Debenture and or warrant exercise will be subject to a holding period until December 20, 2018.

HPQ has closed the 16,250,000 units (“Unit”) at $0.12 per Unit private placement with PyroGenesis for a gross and net proceeds of $1,950,000.  Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company.  Each Warrant will entitle Pyrogenesis to purchase one common share of the capital stock of the Company at an exercise price of $ 0.17 for a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will be subject to a holding period until December 20, 2018.

The TSX venture exchange (TSX-V) has conditionally approved the $ 1,500,000 Equity Line of credit PyroGenesis has granted to HPQ.  The equity line of credit can only be used to cover unexpected project cost overruns that could potentially occur after then end of planned test period in 2019 until December 31, 2020.

To be acceptable under the terms of the Equity Line of Credit, Cost Overruns shall be considered as such by both Parties and approved before they are incurred.  Upon approval, HPQ must send a written thirty days (30) notice of it’s intent to drawdown the Equity Line of Credit to pay for the Cost Overruns.  Once the approved work is completed, PyroGenesis shall remit to HPQ an invoice covering the completed work and HPQ will organize the payment of the invoice by means of issuance of common shares of its capital stock, as prescribed by TSX Venture Exchange policies, for a number of shares totalling the amount of the applicable invoice at an issuance price equal to the share quote on the invoice date, less a ten percent (10%) discount.

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.    https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

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 goal is to develop, in collaboration with industry leaders 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-third (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 for an end 2018 start.

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 Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com

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CLIENT FEATURE: Monarques #Gold $MQR.ca A PRODUCER With $10M In Quarterly Revenues $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 2:20 PM on Monday, August 20th, 2018

 

 

MQR: TSX-V

Why Monarques Gold?

  • A gold producer with the Beaufor Mine (gold production of 19,562 ounces in 2016; source Richmont 2016 annual report) located in one of the best mining jurisdictions in Canada.
  • A large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and eight exploration projects covering more than 240 km2 in the Abitibi region.
  • Upside potential and leverage to the gold price with the Wasamac project.
  • NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 1.76 million ounces and inferred resources of 1.67 million ounces
  • Over 150 highly experienced, qualified employees will join the Monarques team.
  • Strong financial position, with cash of $18.2 million

Q4 Highlights (June 30th)

  • Monarques produced 4,695 ounces of gold in its fourth quarter
  • Recorded revenues of $10.0 million in the fourth quarter, from the sale of 4,589 ounces of gold at an average price of $1,609 per ounce (US $1,246), combined with revenue from custom milling, which was up 31% for the quarter.
  • Reported an initial set of results for its 2018 drilling program at the Beaufor Mine. The results were for nine holes totalling 2,047 metres of drilling on the QF1 and 1700 projects (see press release dated July 17, 2018).

FULL DISCLOSURE: Monarques Gold Corp. is an advertising client of AGORA Internet Relations Corp.

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Posted in AGORACOM Client Feature, All Recent Posts, Monarques Gold | Comments Off on CLIENT FEATURE: Monarques #Gold $MQR.ca A PRODUCER With $10M In Quarterly Revenues $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Shareholders overwhelmingly approved the Beauce #Gold Fields Spinout Plans and all other matters at AGM $HPQ.ca

Posted by AGORACOM-JC at 2:12 PM on Friday, August 17th, 2018

Hpq large

  • Pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting held last Friday August 10 2018, in Montreal

MONTREAL, Aug. 17, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture:HPQ) is pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting (AGM) held last Friday August 10 2018, in Montreal.

Patrick Levasseur of HPQ Silicon stated, “This shareholder approval for the spin-out will finally unlock the potential gold value of the Beauce gold property…” Mr. Levasseur further stated, “After more than a century of major historical placer gold mining in the Beauce, Beauce Gold Fields will be the first company dedicated in the exploration for a hard rock gold deposit as a source of the historical gold placers”

Over 88,548,320 shares representing 44.62 per cent of the 198,463,807 shares issued and outstanding as at the record date were voted.

Results of the AGM votes

  • 99.98% approval of the Plan of Arrangement between the Company and Beauce Gold Fields
  • The nominees listed in the attached table were re-elected as directors of the corporation to hold office until the next annual meeting or until there successors are elected or appointed.
Motions For Withheld
Bernard Tourillon 99.59% 0.41%
Patrick Levasseur 99.61% 0.39%
Noelle Drapeau 99.62% 0.38%
Robert Robitaille 99.63% 0.37%
Richard Mimeau 99.49% 0.51%
Peter Smith 89.12% 10.88%
Daryl Hodges 99.54% 0.46%
  • With 99.85 per cent of the vote in favour, Raymond Chabot Grant Thornton LLP, chartered accountants, was appointed auditor of the corporation for the ensuing year.

Bernard Tourillon, chairman, President and CEO, stated: “We extremely pleased with obtaining 44.62-per-cent shareholder participation, up from 42.97 per cent last year. Such a strong vote of confidence for the board and management team during this transition year bodes very well for the future.”

Other Corporate Issues

In accordance with the agreement between HPQ-Silicon and Agoracom, entered into on July 3, 2014, extended by both parties for additional periods ending July 15, 2018 and July 15, 2019 under the same terms and conditions, HPQ-Silicon board has approved the issuance of 156,684 common shares at a deemed price of 9 cents per share to pay $14,125 for services rendered during the period from January 16, 2018 ending April 15, 2018. Furthermore, HPQ board has also approved the issuance of 176,562 common shares at a deemed price of 8 cents per share to pay $14,125 for services rendered during the period from April 16, 2018 ending July 15, 2018.

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 goal is to develop, in collaboration with industry leaders 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-third (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 for an end 2018 start.

About Beauce Gold Fields

BGF is a wholly owned subsidiary of HPQ Silicon. It is in the process of “Spinning Out” its gold assets into BGF, a new public junior gold company, subject to approval by TSX-V.

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). The gold in saprolite indicates a close proximity to a bedrock source of gold along with the recent discovery of a fault underneath the historical gold placers, provides 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.  It can be downloaded via link below:

http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders. https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

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.

Shares outstanding: 203,050,807

For further information contact:

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

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