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Explor $EXS.ca Intersects 4.830 g/t #Gold Over 2.5 Meters on East Bay Gold Property $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 9:29 AM on Monday, March 5th, 2018

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  • Intersects 4.830 g/t Au Over 2.5 Meters on East Bay Gold Property
  • Exploration program has confirmed several interesting drill targets
  • Program consisted of a Phase III 3000 meter drill program

ROUYN-NORANDA, Quebec, March 05, 2018- Explor Resources Inc. (“Explor or the “Corporation”) (TSX-V:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BE:E1H1) is pleased to announce the results of the East Bay Gold Property exploration program. The analysis of previous exploration by Cambior and the results of the previous exploration program completed by Explor (Press Release October 06, 2015) have confirmed several interesting drill targets. The exploration program consisted of a Phase III 3000 meter drill program.

  2017-2018 Diamond Drill Program on East Bay Property

This program is in line with the Corporation’s strategy of conducting exploration along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 80 million oz of gold. The Corporation now owns 11,005.9 ha of land along this section of the PDFZ. Explor’s East Bay property is contiguous and wraps around the western portion of the former Clifton Star’s Duparquet property as shown on the attached plan. The East Bay property is approximately 0.5 km west of the former Consolidated Beattie and Donchester Gold Mines.The former Consolidated Beattie and Donchester Gold Mines, produced over 1.0 million oz of gold between 1933 and 1956. The former Clifton Star in a previous press release announced (Press Release dated April 09, 2014) significant proven and probable reserves of 1,895,530 oz at 1.50 g/t Au and a measured and indicated resource of 1,127,972 oz at 1.48 g/t Au on their property.

The East Bay Gold Property is located to the west of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which the former Clifton Star Resources Inc. intersected wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013).

Drilling was aimed at four targets along the prolific Porcupine Destor fault zone, respectively in Duparquet and Hébécourt Townships and one target near the contact between the Hunter Mine Group and the Deguisier Formation. Three geophysical targets were drilled on the western portion of the property.  A geophysical target on the eastern part of the property and one in the northern part were drilled. A total of 8 drill holes were completed for a total of 3,443 meters and 1,262 core samples were sent to the lab and analyzed.

In Duparquet Township, a total of 7 holes were completed. The Drilling was focused on increasing our understanding of the mineralization as it is associated with the felsic and mafic rock types.  Gold mineralization appears to be associated with the deformed contacts of feldspar porphyry dyke or in the porphyry. The drill holes completed in the 2018 program were aimed at locating this and testing its contacts at depth. The drilling confirmed the presence of the porphyry, strong deformation and significant anomalous gold mineralization.

In Hébécourt Township, drilling in 2018 consisted of one hole to target a significant geophysical anomaly. The hole was completed to a depth of 483 meters in length.

General observations and results obtained in 2018 are summarized below:

Drill hole EB-17-01 was aimed at testing the projection of a felsic porphyry and an anomalous zone of gold and arsenopyrite (mineralisation of the Beattie gold mine) found during the 2017 summer’s sampling campaign. Several pyritic zones (up to 10%) have been identified in the first 100 meters in basaltic rocks with no significant results. The first quartz-feldspar porphyry (“QFP”) was intersected between 384.50 meters and 411.90 meters down hole. A value of 0.536 g/t Au over 0.90 meters was analyzed in mafic lavas containing arsenopyrite at the top of the QFP contact.

Drill hole EB-17-02 and EB-17-03 were designed to confirm and better understand copper and gold zones intersected by Noranda Exploration Ltd. in 1994 (best result: 100 g/t Au, 1.40% Cu over 0.45 meters). Significant zones of alterations were intersected in the rhyolites as well as in QFP with several anomalous gold zones (best result: 0.618 g/t Au over 1.5 meters).

The purpose of hole EB-18-04 was to verify the eastward extension (300 m) of two porphyry dykes south of the Destor-Porcupine deformation zone intersected in hole # POR-98-97 drilled by Cambior in 1998 (1.19 g/t Au over 5.90 meters and 0.669 g/t Au over 7.15 meters). The porphyry zones were not intersected and no significant values were intersected.

Holes EB-18-05 to EB-18-07 targeted the porphyry east of the Duparquet River. Hole EB-18-05 returned several anomalous gold zones with the two in the QFP intrusion: 0.328 g/t Au over 12 meters and 4.85 g/t over 2.5 meters. Hole EB-18-06, directly below hole EB-18-05 has also returned several anomalous gold zones: 0.236 g/t Au over 24 meters from 162 to 186 meters and 1.54 g/t Au over 1.5 meters in the sediments and 0.611 g/t Au over 11 meters from 268 to 279 meters in the porphyry. Hole EB-18-07, 100 meters to the east, has encountered no significant values.

Hole EB-18-08 aimed at the intersection of the porphyry zone west of the Duparquet River with a probable NNE-SSW shear zone. A value of 3.87 g/t Au over 0.68 meters was returned in a small band of ultramafic rocks.

With very few drill holes completed so far on the western portion of the property, there is insufficient geological information to clearly understand the complex local tectonics and the anomalous gold zones with confidence.  Because of the presence of sheared and altered felsic porphyries and widespread gold mineralization in the ultramafics, the complex tectonic environment, and of very encouraging results, further drilling is highly recommended.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased with the East Bay property. Explor Resources is the owner of the largest contiguous land package in the Duparquet Mining Camp. This property completes a wraparound to the west and northwest of the structure hosting the Beattie-Donchester Mines. Explor believes that the structure continues onto the Explor ground. Very little substantive exploration has been completed on Explor’s East Bay Gold Property.”

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources invites investors to visit our booth at the following conference:

Booth #2122 at the Investor Exchange of the PDAC 2018 located in the south building of the Metro Toronto Convention Center from March 4 to March 7, 2018.

The management team at Explor Resources Inc. looks forward to having you join us.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. 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.

About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:     Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au) Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)   Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:   Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

For further information please contact:
Christian Dupont, President
Tel: 888-997-4630 or 819-797-4630
Fax: 819-797-1870
Website: www.explorresources.com
Email: [email protected]

A map accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b1a4caf5-95eb-40c7-83c1-87ab7f05c229

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Posted in All Recent Posts, Explor Resources Inc., Featured | Comments Off on Explor $EXS.ca Intersects 4.830 g/t #Gold Over 2.5 Meters on East Bay Gold Property $EXN.ca $HBE.ca $OSK.ca

American Creek Reports $AMK.ca That JV Partner Tudor Gold $TUD.ca Has Targetted Sulphurets Thrust Fault Convergence Area Next to Iron Cap Deposit for $SEA $SA $PVG

Posted by AGORACOM-JC at 9:13 AM on Friday, March 2nd, 2018

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  • Identified new high-priority exploration target for 2018 on the Treaty Creek Property
  • Recent news from Seabridge Gold prompted Tudor to schedule the Sulphurets Thrust Fault Convergence Area as a priority exploration target

Cardston, Alberta–(March 2, 2018) – American Creek Resources Ltd. (TSXV: AMK) (the “Corporation”) is pleased to announce that JV partner Tudor Gold (“Tudor”) has identified a new high-priority exploration target for 2018 on the Treaty Creek Property. Recent news from Seabridge Gold on the improving gold grades and growing size of their Iron Cap Deep discovery, combined with data from Tudor’s EM, Mag & MT geophysical surveys, has prompted Tudor to schedule the Sulphurets Thrust Fault Convergence Area as a priority exploration target for 2018.

Proposed Exploration Plans for 2018

Copper Belle Zone

The Copper Belle zone will remain a top priority as Tudor continues step-out drilling to the NE where gold grades over long intercepts have been improving. This drilling will provide the geo-data required to build out Tudor’s preliminary resource estimate.

GR2 (including HC & RR), Orpiment, Konkin and AW Zones

Field geologists will continue surface exploration on these secondary targets with mapping, sampling and geochem analysis of the Konkin zone with 1.2m of 870 g/t gold, and the AW zone where float specimens ran up to 255 g/t gold. The Konkin and AW zones are located between the Copper Belle, Iron Cap and Sulphurets Dome. Detailed plans will be announced once finalized.

Sulphurets Thrust Fault Convergence Area

A prominent EM anomaly is located on the northeast side of the Sulphurets Dome between the Brucejack, Sulphurets and Iron Cap thrust faults. The 23 km Sulphurets Fault hosts the Kerr, Deep Kerr, Sulphurets, Mitchell, Snowfields, Iron Cap and Iron Cap Deep deposits. The Brucejack Fault hosts Pretium’s Valley of the Kings Mine and converges with the Sulphurets Thrust Fault inside the Treaty Creek Property.

Below, is a B.C. government map with ‘fault overlay’ that clearly shows the numerous faults in the Sulphurets Convergence Area. This is part of the Sulphurets Hydrothermal System which is considered to be one of the seven largest in the world, hosting one of the greatest concentrations of metal value on the planet: including the largest undeveloped gold/copper deposits (Seabridge’s KSM/Iron Cap) in the world by reserves containing 38.8 million ounces gold and 10.2 billion lbs copper. The northern half of this Sulphurets Hydrothermal System is inside the Treaty Creek Property. The geology, geophysics, fault systems and Jurassic/Triassic contact support the potential for additional discoveries within this hydrothermal system as stated in independent reports by respected geologists: Alldrick, 1988; Sillitoe, 2010; Savell, 2012; Kruchkowski, 2014; Alldrick, 2014; Nelson/Kyba, 2014.

Measured as a linear surface track, 52% of the thrust faults comprising the Sulphurets Hydrothermal System are within the Treaty Creek boundary as shown by the converging fault systems in the map below. The Sulphurets Thrust Fault in this area also divides the Triassic Stuhini rock group from the Jurassic Hazelton rock group (southeast side of the fault). This Triassic/Jurassic contact is also known as the Kyba Red Line, based on the seminal government research report co-authored by JoAnne Nelson and Jeff Kyba in 2014.

BC Government Mineral Titles Map with Geological Fault Overlay

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/33243_image1.jpg

On the map below, in the lower left hand corner, you can see an anomaly that is cut-off at the limits of the EM survey adjacent to Seabridge’s Iron Cap Deep high-grade gold deposit. A similar anomaly is located at the right-center of the map northeast side of the Sulphurets Dome.

The exploration concept Tudor is working on for the Sulphurets Dome area is based on the following observations:

  • mineralization is associated with the Sulphurets Fault hanging wall
  • deposit discovery potential will continue along Sulphurets Fault
  • the Sulphurets Fault is coincident to the Kyba Red Line
  • mineralization grade is improving as the Sulphurets Fault moves towards Treaty Creek: “Drilling at Iron Cap confirms major extension of deposit with some of the best grades to date at KSM” (Seabridge Gold news release November 9, 2017)

EM Geophysical Survey of Sulphurets Thrust Faults

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/33243_image2.jpg

Walter Storm, President and CEO, stated: “We congratulate Seabridge on their successful drill campaign at the Iron Cap Deep deposit. The Iron Cap drill results, the continuation of the Sulphurets Thrust Fault into Treaty Creek, our EM, Mag and MT geophysical surveys, our extensive geo-database, as well as our growing experience at Treaty Creek are the key components of modern exploration that produce new discoveries.”

AMERICAN CREEK AND TUDOR AT PDAC 2018

American Creek will be exhibiting in booth #2351 at PDAC 2018 which gets underway on March 4, 2018.

Tudor will have booth #3346.

All shareholders and other interested parties who are able to attend are invited to stop by and say hello! We look forward to talking with you.

Qualified Person

The Qualified Person for the analytical information 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 of the disclosure contained in this news release.

Background on the Treaty Creek Project

The Treaty Creek Project is situated immediately north of Seabridge Gold’s KSM property located in BC’s Golden Triangle along the Sulphurets and Brucejack fault systems that continue northward into the Treaty Creek property.

Tudor conducted a very successful major drill program (approximately 20,000 metres) on the Treaty Creek property this past summer. The objective of the program was to define a gold resource on the Copper Belle zone and to determine the future potential of the high grade gold/silver/zinc GR2 zone located in a separate area adjacent to the Copper Belle. A preliminary resource estimate on the Copper Belle zone is now being calculated and will be released once completed.

The Treaty Creek Project is a joint venture between Tudor, Teuton Resources Corp., and American Creek. Tudor is the operator and holds a 60% interest with both American Creek and Teuton each holding respective 20% carried interests in the property (fully carried until a production notice is given).

A summary of the Treaty Creek Project can be viewed here:

http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three gold/silver properties in the heart of the Golden Triangle; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor, as well as the recently acquired 100% owned past producing Dunwell Mine. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King.

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 Corporation’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 Corporation 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 the Corporation’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 Corporation with securities regulators. Although the Corporation 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 the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Posted in All Recent Posts, American Creek Resources Ltd., Featured | Comments Off on American Creek Reports $AMK.ca That JV Partner Tudor Gold $TUD.ca Has Targetted Sulphurets Thrust Fault Convergence Area Next to Iron Cap Deposit for $SEA $SA $PVG

AGORACOM Clients Attending PDAC 2018 $AMK.ca $EXS.ca $GGX.ca $GZD.ca $HPQ.ca $MQR.ca $NAM.ca

Posted by AGORACOM-JC at 4:00 PM on Thursday, March 1st, 2018

Exploring B.C.’s Prolific Golden Triangle, Adjoining Pretivm and Seabridge Gold

Recent drill program intersected 337.5m of continuous mineralization grading 0.76 g/t gold

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Booth Number: 2351
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Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold,
13 KM From Downtown Timmins

Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date

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Booth Number: 2122
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Gold Drop Property Within Multi-Million Ounce Production Region

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Booth Number: 3112B & 2951
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More than 9M oz of Gold Produced or As Resources Nearby
Portions of Grizzly’s Greenwood Project being explored by Kinross

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Booth Number: 3020
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Learn About the PUREVAP(TM) Project and it’s Potential to Disrupt the Solar Industry

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Booth Number: 2145
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Gold Producer With Recent Quarterly Revenue of $10.3M
Located in one of the best mining jurisdictions in Canada

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Booth Number: 2417A
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Among North America’s Leaders in PGM & Lithium Exploration
Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources

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Hospitality Suite

SUITE 1201, Strathcona Hotel, 60 York Street
The Hotel is directly across from the Royal York Hotel
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Posted in All Recent Posts, American Creek Resources Ltd., Explor Resources Inc., Featured, GGX Gold Corp., HPQ-Silicon Resources Inc., Monarques Gold, New Age Metals | Comments Off on AGORACOM Clients Attending PDAC 2018 $AMK.ca $EXS.ca $GGX.ca $GZD.ca $HPQ.ca $MQR.ca $NAM.ca

Monarques Gold $MQR.ca Reports its Second Quarter Results With Revenue of $10.3 million $MUX.ca $SII.ca

Posted by AGORACOM-JC at 7:34 AM on Thursday, March 1st, 2018

  • Revenue of $10.3 million and EBITDA of $0.5 million in the second quarter.
  • Net income of $0.7 million or $0.003 per share, diluted, compared to a net loss of $0.5 million or $0.004 per share, diluted, a year ago.
  • Strong financial position, with cash of $18.2 million.

Production cash cost of $1,338 (US $1,052) per ounce at the Beaufor Mine is 31% lower than in the prior quarter under the previous owner

MONTREAL, March 1, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report its results for the second quarter ended December 31, 2017. All amounts are in Canadian dollars unless otherwise indicated.

Highlights

Beaufor Mine

  • Production and sale of 5,444 ounces of gold in the second quarter, a 62% increase over the 3,380 ounces produced in the prior quarter by the previous owner and a 16% increase over the quarterly average of 4,715 ounces produced during the prior nine-month period.
  • Average selling price of $1,583 (US $1,245) per ounce sold.
  • Production cash cost of $1,338 (US $1,052) per ounce sold, down 31% from $1,929 (US $1,540) in the prior quarter under the previous owner.
  • All-in sustaining cost for Beaufor/Camflo of $1,525 (US $1,199) per ounce sold, down 39% from $2,491 (US $1,989) in the prior quarter under the previous owner.

Financial results

  • Revenue of $10.3 million and EBITDA of $0.5 million in the second quarter.
  • Net income of $0.7 million or $0.003 per share, diluted, compared to a net loss of $0.5 million or $0.004 per share, diluted, a year ago.
  • Strong financial position, with cash of $18.2 million.

“Monarques was truly successful in its first quarter as a gold producer,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “I am proud of the results achieved by the entire Monarques team, which allowed us to surpass our production cost targets. We also managed to generate a positive EBITDA for the quarter.”

“In addition, 2018 will be a very active year for Monarques on the exploration side. We have allocated significant amounts to increasing the reserve at the Beaufor Mine and extending the mine’s life, as well as increasing the resource at the Croinor Gold deposit, which continues to develop in line with our expectations. The results of the latest drilling programs on Beaufor and Croinor Gold show that those deposits have excellent exploration potential. We have also undertaken 43‑101 resource estimates for the McKenzie Break and Swanson properties and are currently planning our development strategy for the Wasamac gold deposit,” Mr. Lacoste concluded.

Financial results summary

Corporate highlights

  • On October 2, 2017, Monarques completed the acquisition of the Quebec assets of Richmont Mines in conjunction with the closing of a $6.5 million financing and a US $4.0 million credit facility (see press release).
  • On October 26, 2017, the Corporation announced the results of an updated NI 43-101 mineral resource estimate for its wholly owned Wasamac gold project establishing a measured and indicated resource of 2,587,900 ounces of gold and an inferred resource of 293,900 ounces (see press release).
  • On December 14, 2017, Monarques announced strong results from its drilling program on the Croinor Gold deposit, including 7.84 g/t Au over 9.0 metres (29.5 feet) (see press release). The Corporation noted that the new results continued to demonstrate the predictability of the geological model used, and that the Croinor Gold deposit remains open laterally and at depth.
  • On December 21, 2017, Monarques announced the acquisition of the McKenzie Break and Swanson gold properties from Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (see press release). The transaction enabled the Corporation to consolidate its portfolio of properties in the Abitibi region with the addition of two high quality gold projects that, with the Wasamac and Croinor Gold properties, bring Monarques’ total number of advanced projects to four.
  • On January 11, 2018, the Corporation reported excellent results from its drilling program at the Beaufor Mine, including 61.48 g/t Au over 3.9 metres (see press release), confirming the strong exploration potential in the area to the east of Zone Q.
  • On February 8, 2018, Monarques announced a positive updated prefeasibility study for the Croinor Gold deposit (see press release).

Next steps

  • Monarques’ goal for the coming quarters is to increase the profitability of the Beaufor mine, mainly by cutting production costs and increasing the grade through more selective mining. Production costs will be reduced through higher productivity at the Camflo Mill, among other things, with the increase in custom milling activities.
  • Monarques has announced drilling programs of 30,000 metres at the Beaufor Mine and 20,000 metres at the Croinor Gold deposit. The Corporation has also started 43-101 resource estimates for its McKenzie Break and Swanson gold projects.
  • The Corporation will also assess the possibility of restarting the Beacon Mill in the second half of the year to accommodate an anticipated increase in demand for custom milling services.
  • Finally, the Corporation is exploring a number of options for the development of the Wasamac gold deposit, including custom milling and the use of a railway system (located less than 500 metres from the Wasamac site).

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

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corp (TSX.V:MQR) is an emerging gold producer 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 Beaufor Mine, the Croinor Gold (see video), Wasamac, 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. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

Non-IFRS measures

The Corporation has provided measures prepared in accordance with IFRS as well as certain non-IFRS measures of financial performance in this press release. Non-IFRS measures of performance do not have a standard meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. The Corporation provides these non-IFRS measures of financial performance because investors sometimes use them to measure financial performance. As a result, they are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS measures of financial performance have been reconciled against the IFRS measures presented in the management discussion and analysis (refer to the section “Selected Quarterly Financial Information” for the description and reconciliation of these non-IFRS measures).

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.

SOURCE Monarques Gold Corporation

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Kuuhubb $KUU.ca Signs Term Sheet to Acquire Full Global Rights and Revenue to My Hospital Game #Apps #Mobile

Posted by AGORACOM-JC at 10:27 AM on Wednesday, February 28th, 2018

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  • Signed a non-binding term sheet to acquire the full global rights and revenue to the My Hospital game
  • Purchase price of 2.6 million Euros would be paid in monthly installments between May 2019 and June 2021.  
  • Additionally, after Kuuhubb has recouped the entire purchase price, Cherrypick Games would be entitled to 25% net profit share

TORONTO, Feb. 28, 2018 – Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V:KUU) announces that it has signed a non-binding term sheet to acquire the full global rights and revenue to the My Hospital game.

“We are very satisfied with the growth of My Hospital during the past months.  To maximize the overall profitability for Kuuhubb, we are in discussions to expand our cooperation with Cherrypick Games on My Hospital.  The proposed deal structure is expected to provide Kuuhubb with cash flow and profitability as well as create long-term value through our expanding product portfolio globally,” commented Jouni Keränen, CEO of Kuuhubb.

Based on the terms of the non-binding term sheet, the current distribution agreement, which ends June 2019, would be changed to a purchase agreement for My Hospital full global rights.  The purchase price of 2.6 million Euros would be paid in monthly installments between May 2019 and June 2021.  Additionally, after Kuuhubb has recouped the entire purchase price, Cherrypick Games would be entitled to 25% net profit share.  Cherrypick Games would continue the current game development and update efforts until June 2021.

The proposed My Hospital acquisition is subject to the execution of the definitive documentation in respect of such acquisition and receipt of any required TSX Venture Exchange acceptance.

About Kuuhubb
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile video game applications. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, the Company has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.

Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information.  All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the completion of the proposed My Hospital acquisition, the development and growth plans for My Hospital, future cash flow and profitability, growth of the Company’s business and expected benefits from the proposed My Hospital acquisition) are forward-looking information.  This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company.  Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.  Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to execute the definitive documentation in respect of, or complete, the proposed My Hospital acquisition, risks related to the growth strategy of the Company, the possibility that results from the proposed My Hospital acquisition will not be consistent with the Company’s expectations, the early stage of the Company’s development, competition from companies in a number of industries, the ability of the Company to manage expansion, future business development of the Company and the other risks disclosed under the heading “Risk Factors” in the Company’s annual information form dated October 30, 2017 filed on SEDAR at www.sedar.com.  Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.  Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty 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 release.

For further information, please contact:

Kuuhubb Inc.
Jouni Keränen – CEO
[email protected]
Office: +358 40 590 0919

Bill Mitoulas
Investor Relations
[email protected]
Office:  +1 (416) 479-9547

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$GR.ca Great Atlantic Purchases Portable Gold Mining Plant $AGB.ca

Posted by AGORACOM at 9:16 AM on Wednesday, February 28th, 2018

  • Purchased a turnkey portable Gold mining plant from an independent third party for $99,000
  • Great Atlantic will issue 1.1 million shares at a deemed price of 9 cents per share in consideration

 

Vancouver, British Columbia (FSCwire) – Great Atlantic Resources Corp. (the “Company” or “Great Atlantic”) (GR: TSXV) is pleased to announce it has purchased a turnkey portable Gold mining plant from an independent third party for $99,000. Great Atlantic will issue 1.1 million shares at a deemed price of 9 cents per share in consideration of the purchase.

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

 

The portable Gold Milling plant purchased by Great Atlantic includes the following :

Jaw Crusher -10″ x 16″ jaw crusher 20hp, 3 phase 600 volt, 60Hz With 1+ yd vibrating feeder/hopper, 3 hp, 3 phase, 220V, 60hz Includes 16″ wide inclined conveyor, 3 hp, 3 phase, 220 V, 60hz Free-standing Unit on steel skid

Fine ore hopper/feeder – 1 yard fine ore hopper magnetic metering feeder, 220V single phase Free-standing on steel skid

Hammer mill – One 24″ x 16″ hammer mill, 30hp, 230/460V, 3 phase motor Inlet chute, outlet chute Steel frame stand

2 shaker tables 4′ x 8′ – Stands with tilt adjustment, 120V, 60hz single phase motor water manifold and distributor trough

 

On behalf of the Board,

“Christopher R Anderson”

Mr. Christopher R. Anderson  ” Always be positive, strive for solutions, and never give up ”

President, CEO, and Director

604-488-3900

 

Investor Relations:

Kaye Wynn Consulting Inc.: 604-558-2630, Toll Free –888-280-8128

E-mail: [email protected]

 

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Zinc, Antimony, Tungsten and Gold.

 

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

 

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.

 

Great Atlantic Resource Corp

888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

To view the associated document to this release, please click on the following link:
public://news_release_pdf/GreatAtlantic02282018.pdf

To view the original release (with media), please click here

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Aurora Cannabis $ACB.ca latest producer to sign medical marijuana supply deal with Shoppers Drug Mart $N.ca $TBP.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 4:18 PM on Tuesday, February 27th, 2018

  • Licensed producer Aurora Cannabis has signed a deal to supply medical marijuana to Shoppers Drug Mart
  • Shoppers Drug Mart’s deal with Aurora comes after it recently signed similar deals with licensed medical marijuana producers Aphria, MedReleaf and Tilray

Aurora Cannabis has signed a deal to supply medical marijuana to Shoppers Drug Mart.Gavin Young/Postmedia News files

TORONTO — Licensed producer Aurora Cannabis has signed a deal to supply medical marijuana to Shoppers Drug Mart.

The agreement is subject to Health Canada’s approval of the pharmacy chain’s application to dispense medical cannabis.

Aurora’s products are expected to be sold online, as current Canadian regulations prohibit the sale of medical marijuana in pharmacy locations.

Shoppers Drug Mart’s deal with Aurora comes after it recently signed similar deals with licensed medical marijuana producers Aphria, MedReleaf and Tilray.

The pharmacy chain’s parent company Loblaw Companies Ltd. applied in October 2016 for a license to dispense medical marijuana.

Other pharmacies have also lined up similar supply agreements, such as deals between Maricann Group. and Lovell Drugs and CanniMed Therapeutics and PharmaChoice.

Source: http://business.financialpost.com/commodities/agriculture/shoppers-drug-mart-signs-marijuana-supply-deal-with-aurora-cannabis

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Rising Chinese imports push #Copper higher $LBSR $TTC.ca

Posted by AGORACOM-JC at 9:08 AM on Tuesday, February 27th, 2018

  • Price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world’s biggest metals consumer
  • Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar
  • Price of copper, used in power and construction, surged last year on expectations that lower scrap imports to China would increase demand for refined metal

The price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world’s biggest metals consumer. Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar.

“Both macro and micro factors are good,” he said. Benchmark three-month copper on the London Metal Exchange closed 0.2 percent up at $7,110 a tonne, not farom a four-year high of $7,312.50 touched in January.

Copper imports to China rose 13 percent from December to 314,525 tonnes in January, while refined nickel imports doubled to 26,691 tonnes and refined zinc imports surged by 287 percent to 67,111 tonnes. Prices of nickel and zinc, used in the steel industry, also rose on the strong import data and a surge in Chinese steel futures after reports that China’s top steelmaking city will extend production curbs.

Nickel finished 1.2 percent up at $13,925 a tonne, close to three-year highs, and zinc ended near its highest since 2007 after gaining 0.8 percent to $3,531.50. Chinese imports of scrap metal, meanwhile, fell to the lowest level in nearly two years in January after restrictions were introduced. Scrap copper imports were down 28 percent year on year.

The price of copper, used in power and construction, surged last year on expectations that lower scrap imports to China would increase demand for refined metal. Robust economic data reinforced expectations of strong demand for metals. Prices for new homes rose in January and a poll showed that China’s manufacturing sector is expected to register another month of relatively solid growth in February.

Bets on higher copper prices increased on the COMEX exchange, with funds’ net long position rising for the first time this year in the week to February 20. LME aluminium finished down 0.1 percent at $2,138 a tonne but still within sight of a six-year high of $2,290.50 touched in January.

“With no apparent shortage of supply, we expect prices to ease back in 2018,” Capital Economics analyst Simona Gambarini said in a note. SUPPLY: Global primary production rose in January, according to the International Aluminium Institute. There was also an increase in exports of semi-processed aluminium products from China, the world’s largest producer. And in the United States a smelter was poised to restart idled production if Washington curbs imports. LME lead closed 1.9 percent up at $2,580 and tin finished down 0.1 percent at $21,625.

Source: https://fp.brecorder.com/2018/02/20180227347541/

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Monarques Gold $MQR.ca to Drill 50,000 Metres on the Beaufor and Croinor Gold Properties in 2018 $MUX.ca $SII.ca

Posted by AGORACOM-JC at 9:30 AM on Thursday, February 22nd, 2018

  • Investment aimed at increasing the gold resource and assessing new high-potential targets
  • 30,000-metre program at Beaufor
  • 20,000-metre program on Croinor Gold

 

MONTREAL, Feb. 22, 2018 /PRNewswire/ – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce that it will carry out a total of 50,000 metres of drilling in 2018 at the Beaufor Mine and the Croinor Gold property.

30,000-metre program at Beaufor

The program at the Beaufor Mine will consist of 14,000 metres of definition drilling and 16,000 metres of exploration drilling. The program is designed to follow up on the strong, high-grade results of the last drilling program, which returned intersections of 61.48 g/t Au over 3.9 metres, 39.05 g/t Au over 1.8 metres and 15.44 g/t Au over 3.0 metres from the Zone Q sector, as well as 12.33 g/t Au over 1.6 metres and 14.25 g/t Au over 0.5 metres from the Zone 1700 sector (see press release dated January 11, 2018).

The goal of the new program is to continue to test the mineralization in the deposit extensions and at depth in order to increase the Beaufor Mine mineral resource. The main drill targets for the program are in the following sectors: Zone Q, Zone 1700, Zone 173, the western shear and the Beaufor fault at depth. Expectations for these targets are high based on the latest in-house interpretations and compilations.

“We strongly believe that this major investment in Beaufor could allow us to extend the life of the mine and possibly improve its economic profile,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “It is also perfectly aligned with our strategy of supporting the growth and profitability of our Abitibi mining operations.”

20,000-metre program on Croinor Gold

The latest drilling program on Croinor Gold enabled Monarques to increase the size of the deposit, which remains open along strike and at depth. The program returned numerous intersections with high-grade gold over good widths, such as 13.10 g/t Au over 4.0 metres, including 33.70 g/t Au over 1.0 metre, at a vertical depth of 58 metres in Hole CR-17-574, and 7.84 g/t Au over 9.0 metres, including 37.80 g/t Au over 1.0 metre and 12.70 g/t Au over 0.8 metres, at a vertical depth of 197 metres in Hole CR-17-577 (see press release dated December 14, 2017).

The purpose of the new 20,000-metre program, which will start in March 2018, will be:

  • To continue testing the mineralization at depth and to drill at the east and west ends of the deposit;
  • To drill within the Croinor Gold deposit in areas with insufficient data, in order to increase the indicated resource of the zones of the block model; and
  • To drill high potential targets in the vicinity of the deposit.

“Our understanding of the Croinor Gold deposit improved substantially last year,” Mr. Lacoste said. “It is important to note that the results obtained during the last drilling program continued to demonstrate the predictability of our geological model, which should make this next phase of work easier.”

“We are committed to creating value for Monarques,” he concluded. “We believe that these investments, combined with the resource calculations for the McKenzie Break and Swanson properties, will advance our mining projects significantly. All in all, 2018 is going to be a very busy year for Monarques.”

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 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 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 Ronald G. Leber, P.Geo., and Petr Pelz, P.Geo., the Corporation’s qualified persons under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corp (TSX-V: MQR) is an emerging gold producer 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 Beaufor Mine, the Croinor Gold (see video), Wasamac, 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. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

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 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 press release.

SOURCE Monarques Gold Corporation

 

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New Age Metals $NAM.ca Lithium Division-Manitoba and Platinum Group Metals Division-Ontario Exploration and Development Update $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 8:44 AM on Thursday, February 22nd, 2018

New age large

 

  • – A minimum of $500,000 will be expended in 2018 on the companies Lithium division by New Age Metals (NAM) option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ)

(see news release dated January 15th, 2018).

  • – Lithium management committee formed and first management committee meeting complete.

    – The Lithium Division’s 5 projects, 3 of which are drill ready, cover over 6,000 hectares and are one of the largest claim holdings in the Winnipeg River Pegmatite field (64 square kilometres).

    – NAM’s technical team is the field manager of the project and is currently finalizing a Phase 1 exploration plan for 2018. Further announcements will be forthcoming.

  • – PGM Division: River Valley is the largest undeveloped primary Platinum Group Metals (PGM) resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional1.2Moz PdEq inInferred. The 100% owned River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex.

    – Updated NI 43-101 resource calculations with WSP Canada have commenced and the report is expected to be completed in Q1-2018.

    – Ground IP geophysics in progress to test further footwall regions of the T4 to T9 anomalies for additional footwall mineralization

    – Mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS).

    – The price of Palladium, the prominent metal at River Valley is trading at $1,028.30USD (March 2018) near its all-time high based on limited supply and increasing demand.

February 22nd, 2018 / TheNewswire / Vancouver, Canada – New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; “We are pleased to update our shareholders and interested parties as to our present exploration program on our 5 Manitoba Lithium Projects and update you on our River Valley PGM project. Both of the company’s mineral divisions have aggressive exploration and development plans for 2018 and the balance of this release will provide you with more specific details.”

Exploration Plans for Lithium Division 2018

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in South East Manitoba.

In January, NAM announced a signed final agreement with Azincourt Energy Corp. (TSX.V: AAZ) for the Manitoba Lithium Projects. (News Release: January 15th, 2018) This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969 at the Tanco Mine. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field for Lithium. Azincourt Energy Corp. as our option/joint venture/funding partner, is financed for and has committed to a minimum of $500,000 to be expended on exploration this year in Manitoba. A management committee has been formed and plans are being formalized to begin the exploration process as early as possible in 2018. As per our agreement with Azincourt, it has the option to commit up to $3.85 million dollars in exploration, issue up to 3 million shares of Azincourt stock to NAM, pay NAM up to $210,000 in cash, and NAM will receive a 2% net smelter royalty on all 5 projects. Phase 1 of the 2018 program is in progress, further announcements will be forthcoming. (see Jan 15th 2018 Press Release)


Click Image To View Full Size

Figure 1: NAM Lithium Projects Manitoba

Lithium Prices and Performance

Lithium is in demand in a wide range of sectors worldwide. Last year, total consumption estimates are over 170kt Lithium Carbonate Equivalent. (Batteries had the largest share at 32%, followed by ceramics and glass at 27%.) Prior to 2015, ceramics and glass had the largest demand, but electric vehicle sales growth in 2015 resulted in batteries becoming the highest demand sector.While many commodities struggle for consumption growth, Lithium demand had an estimated growth of 8% Year over Year and has a forecasted 9% compounded annual growth rate to 2021. “Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce their carbon footprint (Reuters on Fortune.com).”

Current Market Awareness Program

Conferences This Quarter

In early February, our President Trevor Richardson was in South Africa attending 3 conferences with a full schedule, including two 1-2-1 style conferences with over 25 pre-booked meetings with mine finance companies, major mine companies, institutions, stock brokers, and high net worth individuals. In mid-February, Harry Barr (CEO) and Paul Poggione (Corporate Development), had 18 pre-booked meetings at the Capital Event Conference in Whistler to meet new and existing investors, stockbrokers and institutions. In March, the entire New Age Metals team will assemble at the PDAC in Toronto (The world’s largest mining conventions), and we will also attend two smaller mining conferences before the PDAC, RAI$E Capital March 2nd where management has approximately 20 1-2-1 meetings booked and Saturday March 3rd management will be attending the Metals Investor Forum Conference, to continue our New Age Metals market awareness program. In April, management will be attending a second Capital Event conference in Arizona, which is another 1-2-1 style conference.

Third Party Social Media, Radio and Digital Marketing Campaigns

In late January, NAM signed contracts with both Stockhouse.com and Investing News Network (a fully owned subsidiary of Dig Media Inc.). We are pleased to be working with these two companies who are in contact with thousands of investors daily. In mid-February, NAM signed a contract with Corporate Profile Minute on the Larry Kudlow Show, which is America’s #1 Wall Street radio show, catering to fund managers, investment advisors, stock brokers, and personal investors.

Opt-in List

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

River Valley PGM Division, Sudbury, Ontario: Ground IP Geophysics Underway

The current geophysical survey on our River Valley PGM Project is a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics, (Thunder Bay, Ontario), who completed last year’s survey on our new discovery, the Pine Zone to T-3 target. New drill discoveries have been made in this region from 2015-2017. OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The goal of the geophysical survey is to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19th, 2017) and to cover the area between target anomalies T4 to T9 (Figure 2). This area represents a survey strike length of approximately 2000 metres. The geophysics is now complete and the final report is expected before the end of March 2018. Upon completion of the present geophysical survey and management having the opportunity to review the final report, the company will outline a series of drill programs to test the new geophysical anomalies generated from the survey (T4-T9) and outline additional drilling to the north in Pine Zone and T3 where only Phase 1 Drilling has been completed to date. (see Feb. 7th, 2018 Press Release)


Click Image To View Full Size

Figure 2: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit Showing Regions of Upcoming IP Geophysics. NOTE: Image only represents approximately 3.5 km of the overall strike length of the River Valley PGM deposit.

New Updated Resource Model, NI 43-101

WSP Canada (News Release: Sept 7th, 2017) is progressing through the new resource calculation for the River Valley PGM Deposit under the supervision of Todd McCracken, Manager-Mining at WSP Canada and is slated to be complete before the end of the first quarter of 2018. The new resource model and calculation will incorporate all the past data, geophysics, new drilling since 2012 and the River Valley Extensions (RVE). In 2016, the company purchased 100% of Mustang Minerals’ southern portion of the River Valley contact (River Valley Extension, News Release – Oct 5th, 2016). This added 4 kilometers of mineralized strike length to the southern portion of the company’s main River Valley Project. Approximately $5,000,000 was expended on the RVE by previous operators, including extensive drilling. This exploration work will be included in the upcoming River Valley resource calculation.

(see Feb 7th Press Release)

Mineralogical Studies

Expert Process Solutions (XPS), based in Falconbridge, Ontario has been engaged to perform mineralogical studies of the PGM mineralization. XPS provides world class quantitative mineralogy for ore body characterization and metallurgical technology services for operational support, growth initiatives and project development. They have extensive experience in many commodities including the Platinum Group Metals (PGM’s). Management believes that a better understanding and characterization of the River Valley PGM mineralization will be a guide in future endeavors and development work including improved flowsheet and processing options in preparation for a Preliminary Economic Assessment (PEA) Report. Major companies within the Sudbury Mining Complex have extra capacity to treat PGM ores.North American Palladium, Canada’s only primary producer of PGMs, ships all its concentrates approximately 1,000 km from its Thunder Bay, Ontario Lac-des-Iles mine to the Sudbury Mining Complex for processing.

River Valley PGM Exploration Plan Going Forward

To date an approximate 140,659 meters (461,480 feet) in 628 drill holes have been conducted by the company as operator on the River Valley Project. Several independent 43-101 compliant resource estimates have previously been generated for the deposit through the exploration and development phases. The River Valley Deposit’s present resource, with approximately 3.9M PdEq ounces in Measured Plus Indicated mineral resources and near-surface mineralization, covers over 12 kilometers of continuous strike length. The acquisition of the RVE adds an additional 4 kilometers for a total of 16 kilometers of strike. The company continues to explore and enhance the River Valley PGM Deposit.

River Valley PGM Goals & Objectives

During the next year the company’s exploration & development objectives are:

  1. 1.Complete ground IP geophysics (Q1 2018);
  1. 2.Complete a new resource calculation (slated for end of Q1 2018);
  1. 3.Continue with drilling in the northern portion of the project (slated for Q3-Q4 2018 & Q1 2019);
  1. 4.Explore more target areas based on recommendations of the updated 43-101 and the 2018 geophysics (slated for Q3-Q4 2018 & Q1-Q2 2019);
  1. 5.Complete mineralogical studies (Q2 2018); and
  1. 6.Continue to advance the River Valley PGM Project towards a Preliminary Economic Assessment (PEA) on the River Valley PGM Deposit.


Click Image To View Full Size

Figure 3: The Yellow Band represents the interpolated footwall potential area of the River Valley Deposit based on the results of the Pine Zone where footwall mineralization was noted to extend 140 meters eastward from the main deposit. At present the only area that has confirmed footwall mineralization is in the Pine Zone (defined from 2015 to 2017 drilling). Exploration is in progress to test other areas of the deposit.

Platinum Group Metal Prices & Performance

We are encouraged about the economics surrounding PGMs as we continue to see ongoing deficits being forecasted in both Platinum and Palladium. Most recently the price of Palladium, our primary metal at River Valley, has hit an all-time high, and outpaced all other commodities in 2017 and over the past 10 years. Our second most important metal Platinum, has come off its bottom price in late 2017 and has increased substantially to date. As a reminder to our shareholders and investors our River Valley Project also contains: Gold, Silver, Copper, Nickel, and Rhodium, most of which have experienced recent price increases.

Recently the World Platinum Investment Council forecasted a deficit in Platinum production for the next 5 consecutive years. Palladium for the 10 years from 2008-2017, has averaged 21.5% per annum while Gold averaged only 5.8% per annum over that same period. Both Platinum and Palladium, (outside of their extensive uses in catalytic converters which convert harmful gasses from hydrocarbon emissions into less harmful substances in vehicles), are considered precious metals, like Gold and are seen as a store of value.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. 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 ore 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 in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018 Press Release) whereby Azincourt will commit up to $3.85 million dollars in exploration, up to 3 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 5 projects. Exploration plans for 2018 are currently in progress.

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 Canada’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 91 million tones @ 0.58 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.This equates to 3,942,910 PdEq ounces.In the Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq.The River Valley PGM mineralized zones remain open to expansion.The company has recently completed a phase one drill program on the Pine and T3 Zones.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4 kilometres to the project’s mineralized strike length to the southern portion of the intrusion.

On February 7th 2018 NAMs management announced an aggressive 2018 exploration and development program on the River Valley Project, which includes a large geophysical program, the updated 43-101 resource calculation, and a program to outline drill targets on the company’s newly discovered footwall mineralization zones. (see Feb. 7th, 2018 Press Release)

QUALIFIED PERSON

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

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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

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

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