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INTERVIEW: American Creek Discusses New Intersections of Mineralization Grading 5.1 Meters of 9.57 G/T Gold $AMK.ca
Posted by
at 11:56 AM on Thursday, August 10th, 2017
St-Georges to Develop Extraction Technology for Lithium Developer $SX.ca
Posted by
at 11:25 AM on Thursday, August 10th, 2017
- Signed binding term sheet with Iconic Minerals Ltd (TSX-V: ICM)
- St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Iconic’s Bonnie Claire lithium project in separation, recovery, and purification of lithium from its lithium bearing material
Montreal, Quebec / August 10, 2017 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has signed a binding term sheet with Iconic Minerals Ltd (TSX-V: ICM) pursuant to which St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Iconic’s Bonnie Claire lithium project in separation, recovery, and purification of lithium from its lithium bearing material.
In consideration for the R&D, which will include engineering services, and once a definitive agreement has been entered into, Iconic has agreed, subject to receipt of acceptance by the TSX Venture Exchange, to issue St-Georges up to 5,000,000 common shares of its capital stock. The issuance will be done in stages over a 36-month period commencing on the date of execution of the Definitive Agreement. St-Georges has agreed that any and all Compensation Shares issued will be held by a third party escrow agent and released to St-Georges at the end of the 36-month period, contingent on St-Georges reaching certain performance benchmarks.
The Parties will establish a royalty stream on the commercial output of the Property for the entire mine life, which will be opposable to any successors of Iconic as a lien on the mining assets. St-Georges and Iconic will negotiate a right of first refusal in favor of Iconic. The royalty, of which further details will be defined in the definitive agreement within the guidelines of the “Royalty Formula” of the binding term sheet, will take the form of a 5% Net Revenue Interest or Net Revenue Return.
A further News Release will be disseminated once the Definitive Agreement has been entered into. The definitive agreement will be subject to acceptance of the board of directors of both companies and subject to review by regulatory authorities.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas’
FRANK DUMAS, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.
The Company control directly or indirectly all of the active mineral tenures in Iceland. It also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
American Creek Reports New Gold Zone Discovery at Treaty Creek – Intersects Stratabound Mineralization Grading 5.1 Meters of 9.57 G/T Gold $AMK.ca
Posted by
at 9:31 AM on Wednesday, August 9th, 2017
- Announced that JV partner and operator Tudor Gold Corp has discovered a new gold zone at the Treaty Creek Project
- Stratabound Mineralization Grading 5.1 Meters of 9.57 G/T Gold
- Five additional holes have been completed on this target at the Treaty Creek Property and assays are pending
CARDSTON, ALBERTA–(Aug. 9, 2017) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) (“the Corporation”) is pleased to announce that JV partner and operator Tudor Gold Corp. (“Tudor”) has discovered a new gold zone at the Treaty Creek Project located in BC’s “Golden Triangle” immediately north of, and in the same hydrothermal system as, Seabridge Gold’s KSM project and Pretivm’s Brucejack project.
Tudor reported the following:
[The new zone was intersected in Hole HC-17-01 designed to test for northern extensions of GR2 zone mineralization as encountered in previous drilling in 2007 and 2009. Hole HC-17-01 intersected a stratabound, brecciated and silicified sulphide venting zone containing tetrahedrite, Sb-sulphosalts and pyrite located at the contact between an upper pervasively hydrothermally altered volcaniclastic unit and a footwall mudstone unit. The entire interval from 247.3 to 254.45m returned 7.15m of 6.20 g/t gold, including the venting zone – 1.05m of 4.12 g/t gold from 247.3 to 248.35m – and the vented sulphides in the immediate footwall mudstones – 5.1m of 9.57 g/t gold from 249.35m to 254.45m. True widths are uncertain at this time.
Five additional holes have been completed on this target at the Treaty Creek Property and assays are pending. Concurrently, drilling is proceeding with a second drill on the adjacent Copper Belle zone on porphyry gold and gold-copper targets. A third drill is being mobilized to the Treaty Creek Property.
Walter Storm, President and CEO of Tudor Gold commented as follows: “We are very encouraged by the results from the first hole into this target, particularly as it appears gold mineralization is extending to the north. The style of mineralization, stratabound sulphides, particularly tetraedrite, elevated gold values, hosted in mudstones, is also encouraging as it has affinities with the unique Eskay Creek mine mineralization located 12 km to the west.”]
Darren Blaney, President and CEO of American Creek stated: “This is a great start to the drill program at Treaty Creek. What is most exciting is that this newly discovered northern zone has key Eskay signatures such as stratiform mineralization, a mudstone host, and tetrahedrite. This may well be the catalyst to the Treaty Creek Project getting the market exposure and recognition it deserves. With three drills now turning on the property, we look forward to further developments as the program advances.”
Tudor’s main goals for the 2017 Treaty Creek program as outlined in their previous April 4, 2017 news release are: “Two of the primary goals of the 2017 exploration program on the Treaty Creek claims are to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone.”
A summary of the Treaty Creek project can be viewed here: http://www.americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project.pdf
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).
About American Creek
American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three “Golden Triangle” gold/silver properties; the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor as well as the recently acquired 100% owned past producing Dunwell Mine group of properties. Other properties held throughout BC include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, Red Tusk and Glitter King.
Information relating to the Corporation is available on its website at www.americancreek.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com
BULLETIN: Gold Prices Score a Lift as Dollar Softens $AMK.ca $EXS.ca $MQR.ca $OPW.ca $GGX.ca $GR.ca
Posted by
at 10:19 AM on Tuesday, August 8th, 2017
- Gold futures rose on Tuesday as the U.S. dollar retreated, giving dollar-pegged commodities a modest lift in early trade.
- December gold GCZ7, +0.28%  was $5.80, or 0.5%, higher at $1,270.50 an ounce, with the contract looking at back-to-back gains after Monday’s tepid rise.
The ICE U.S. Dollar Index DXY, -0.12% a gauge of the buck against a half-dozen currency rivals, was down 0.1%. Although the dollar has climbed 0.5% so far this month, the currency gauge is down 2.8% over the past 30 days, underscoring the greenback’s recent downtrend amid doubts about the pace of economic growth in the U.S., including signs of weaker-than-hoped-for inflation. The uncertain economic picture leaves financial markets wondering if the Federal Reserve will raise interest rates again this year.
A softening dollar can make assets linked to the currency more attractive to buyers using weaker currencies.
Meanwhile, September silver SIU7, +0.79% added 12 cents, or 0.8%, at $16.38, putting the white metal in position to end a four-session slide.
Tuesday’s rise for metals also comes amid heightened geopolitical risk, headlined by rising tensions between the U.S. and North Korea and its nuclear aspirations.
“Gold needs to break and trade over $1273.30 [an ounce] for the rest of the day to zoom,†said Chintan Karnani, chief market analyst at Insignia Consultants, based in New Delhi.
“Political news from [the U.S.] will be the key market mover today. The fact that U.S. dollar has not zoomed after the release of Friday’s July nonfarm payrolls can result in more losses for the greenback in the short term,†Karnani said.
The Labor Department on Friday showed that the U.S. added a better-than-expected 209,000 in July, pushing the unemployment rate to a 16-year low at 4.3%, but wage data remained tepid.
Mark O’Byrne, research director at GoldCore Ltd., said Friday’s selling in gold after the jobs report may have been overdone and said recent moves for the metal reflects that view. It’s also reflective of an uptick in concerns about meaningfully adding to assets perceived as risky with concerns persisting over drama in President Donald Trump’s White House and worries about a potential hike to the U.S. debt ceiling to avoid a government shutdown.
“I think there’s a little bit of risk aversion in the market,†O’Byrne said.
The Goldcore analyst said he’s optimistic on gold’s price for those reasons but recognizes that it could easily swing lower on sentiment that favors risk assets like stocks, with the Dow Jones Industrial Average DJIA, -0.14% and the S&P 500 index SPX, -0.16% both hitting all-time highs on Monday.
Tuesday’s modest gains in metals also comes as China trade data showed July exports and imports grew at a slower pace than they had recently, which should be a headwind for commodities prices.
Lackluster data have pressured shares of European miners, including iron-ore producers BHP Billiton PLC BLT, -1.29% BHP, -1.41% BHP, -0.23% Â and Rio Tinto PLC RIO, -1.66% RIO, -1.25% RIO, -0.45% Anglo American PLC AAL, -0.50% lost 0.5%, while copper miner Antofagasta PLC ANTO, -0.52% moved down 1.2%.
In exchange-traded funds, the SPDR Gold Shares GLD, +0.45% rose 0.5% premarket, mining-company focused VanEck Vectors Gold Miners ETF GDX, +0.86% advanced 0.9%, while silver-oriented iShares Silver SLV, +1.17% gained 0.9%.
Source: http://www.marketwatch.com/story/gold-prices-score-a-lift-as-dollar-softens-2017-08-08
Explor $EXS.ca Flagship Hosts NI 43-101 Resource – 609K Oz Indicated , 470K Oz Inferred $EXS.ca
Posted by
at 9:54 AM on Friday, August 4th, 2017
- Flagship Property Offers The Following:
- NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
- Property Is 13 KM From Downtown Timmins
River Valley #PGM Project Canada’s Largest Undeveloped Primary PGM Resource, With 2.5 Moz PGM In Measured Plus Indicated Mineral Resources $NAM.ca
Posted by
at 5:18 PM on Thursday, August 3rd, 2017
(NAM:TSXV)
- PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources.
River Valley PGM Project
Largest Undeveloped Primary PGM Deposit in Canada
River Valley PGM Project is located 100 km east of Sudbury, Ontario
- Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities in the World
- Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
- Excellent Road Access to River Valley Property; Rail and Power Nearby
- $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy
FEATURE: COAL, the world’s largest source of energy for the production of electricity $AEXE.us
Posted by
at 10:33 AM on Thursday, August 3rd, 2017
- Coal is the world’s largest source of energy for the production of electricity.
- 1 billion tons of coal used in global industrial steel production each year.
- There are zero alternatives to coal in the industrial steel-making process.
Anthracite Coal
What Is It and Why This Is So Important?
Anthracite is officially classified as coal however it is not just another fuel, anthracite should not be confused with just ordinary bituminous coal.
Anthracite is the highest quality metallurgical coal available, clean burning, hard coal with the highest carbon content of any coal, very energy efficient and even burns smoke free.
This premium coal represents only 1% of world coal reserves.
Fairmont Resources Inc. Completes Sale of Rome Lithium Property, Update on Grabasa Acquisition and Eureka Trading, and Canadian Projects $FMR.ca
Posted by
at 9:30 AM on Thursday, August 3rd, 2017
- No superior offers have been received for the Rome Lithium Property, and as a result the Company has agreed to move forward with the previously announced transaction
Vancouver, British Columbia–(August 3, 2017) – Fairmont Resources Inc. (TSXV:Â FMR)Â (“Fairmont“ or the “Company”) announces that no superior offers have been received for the Rome Lithium Property, and as a result the Company has agreed to move forward with the previously announced transaction (Press Release dated June 29, 2017) with Jourdan Resources Inc. (“Jourdan”) Upon TSX approval, Fairmont will receive $25,000 cash ($25,000 was received as part of a Right of First Refusal associated with signing the Letter of Intent), 1,500,000 shares of Jourdan, and a 2% NSR on the Rome property.
Grabasa
Fairmont has received notice that its appeal of the Spanish Court’s termination of Fairmont’s offer to acquire certain assets of Granitos de Badajoz (“Grabasa”) has been denied. On July 7, 2017, the Spanish Court declined Fairmont’s appeal and upheld the decision to terminate Fairmont’s bid for the Grabasa assets. Fairmont is currently assessing its options. Fairmont is still free to bid for the asset in an open competition, and continues to work with potential funding partners.
Eureka Trading
Fairmont has also made a decision not to appeal the Spanish Court’s Decision with respect to Eureka Trading’s claim for a success fee relating to the failed attempt to purchase the Grabasa assets. The Company has determined that launching a proper appeal in Spain, which could continue for years, would cost hundreds of thousands of dollars, and that the company’s resources are best directed elsewhere. The Company is working on settlement options with respect to this issue.
Other Canadian Projects
The past producing Lac Brule Quartz Mine that Fairmont Resources completely surrounds was recently sold by the previous owner and dewatering of the open pit has commenced. It is unclear at this time if the new owner is looking to produce quartz or aggregate. Additional information will be provided on the Company’s website as it becomes available.
The sampling for PCC from the Baie Comeau Quartzite property has been collected and arrangements to ship the sample to Germany are underway.
Several interested parties have approached Fairmont with respect to the acquisition of both the Forestville and Baie Comeau Quartzite properties, but no decision has been made with respect to the offers. Fairmont would consider JV partners to help accelerate the development of these projects, and interested parties are encouraged to contact the Company.
With respect to the Buttercup property, which is under binding letter agreement with Prophecy Development Corp. (announced on July 21, 2017), developments towards extracting aggregate are moving forward and Fairmont and its consultants in Quebec are assisting Prophecy in contacting local drilling, blasting, crushing and hauling contractors who had previously been working with Fairmont to develop the project. Fairmont is very encouraged by the dedication that Prophecy’s management team is giving to the project, and the Company expects aggregate extraction equipment to be on site in August 2017. The closing of the transaction is subject to Prophecy being satisfied with the results of its due diligence that may include bulk sampling.
About Fairmont Resources Inc.
Fairmont Resources Inc. is a rapidly growing industrial mineral company trading on the Toronto Venture Exchange symbol FMR.
Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for ferro silicon production.
On behalf of the Board of Directors,
Michael A. Dehn
President and CEO, Fairmont Resources Inc.
Tel:647-477-2382
[email protected]
www.fairmontresources.ca
For further information please contact:
Doren Quinton,
President QIS Capital
Tel:250-377-1182
[email protected]
www.smallcaps.ca
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.
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.
U.S. Dollar Index Crashes by Most in 6 Years $AMK.ca $EXS.ca $GGX.ca $GZD.ca $MQR.ca $OPW.ca
Posted by
at 6:19 PM on Wednesday, August 2nd, 2017
- So far year-to-date in 2017, the U.S. Dollar Index has crashed by more than 10% from 103.30 down to 92.89.
- Last time that the U.S. Dollar Index declined by 10% or more in a period of 151 trading days was back on April 29, 2011. Gold at the time was trading for $1,540.25 per oz and over the following four months it soared by $354.75 per oz or 23% to a new record high of $1,895 per oz.
Historically, from 1971 through today, when the U.S. Dollar Index declines by 10% or more during a period of 151 trading days, gold over the following 12 months has gained by a median of 18.7%. To the contrary, when the U.S. Dollar Index gains by 10% or more during a period of 151 trading days, gold over the following 12 months has declined by a median of -0.24%. Click here to see for yourself!
Source: http://inflation.us/us-dollar-index-crashes-by-most-in-6-years/
AGORACOM Welcomes Sheldon Inwentash’s ThreeD Capital $IDK.ca
Posted by
at 5:30 PM on Tuesday, August 1st, 2017
“The Dot Com Crash Was The Catharsis That Forced The Entire Tech Ecosystem To Forget Fast Money And Focus On Building Disruptive Companies….Â
The Canadian Small Cap Ecosystem Just Completed Its’ Catharsis â€
                   Sheldon Inwentash, CEO   ThreeD Capital
WHO IS SHELDON IWENTASH?
 Proven Track Record
Creating a Dominant Merchant Bank In Canada
 Extending Beyond Resouces Into Disruptive Technologies
 
 A Formidable Network To Create Formidable Returns
 
 Why Merchant Banking?
 Interested In ThreeD Capital? Check Out Their Group of Companies
