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FEATURE: Monarques Gold (TSX-V: MQR) Flagship Croinor Gold Mine Has Great Potential To Become A Producer MQR.ca

Posted by AGORACOM-JC at 11:47 AM on Wednesday, May 10th, 2017

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Why Monarques Gold?

  • Flagship Croinor Gold Mine Has Great Potential To Become A Producer
  • Company Is Well Financed, Including $9 Million In Credits From Quebec Government
  • Hole CR-17-532 intersected 6.96 g/t Au over 15 metres (Read Release)
  • Including 17.1 g/t Au over 5.9 metres
  • Recently acquired 750 ton-per-day Beacon mill
  • Major Shareholders include: Rob McEwen and Nemaska Lithium

Croinor Gold Property

Flagship project at the prefeasibility stage

  • 100% interest in the Croinor Gold property, a gold mine project that is currently at the prefeasibility stage
  • Property consists of one mining lease and two non-contiguous blocks of claims for a total of 335 claims over a 151 km² area. A 1.5% NSR is applicable on the mining lease and only 44 claims.
  • Drilling program will test a diorite-hosted gold-bearing zone that returned grades of up to 38.7 g/t Au over 3.8 metres in historical drilling (see release)

WATCH OUR CORPORATE VIDEO

Check Out Croinor Gold
Prefeasability Study

Simkar Gold Property

NI 43-101 Gold Resource 20 km from Val-d’Or

  • 100% interest in the Simkar Gold property
  • located 20 kilometres east of Val-d’Or, in the heart of the Abitibi Greenstone Belt.
  • Comprised of two mining concessions and 15 claims covering an area of 5 km², and is subject to a 1.5% NSR.
  • NI 43-101 (click here)

The Simkar Gold property is the result of a merger of the Simkar and Texsol properties. The transaction was announced by way of press release on June 26, 2014.

Regcourt Gold Property – Val d’Or

  • 100% interest in the Regcourt Gold property
  • Property is located at the eastern end of the Val-d’Or gold mining camp, some 30 km east of Val-d’Or, and is easily accessible via Route 117.
  • Consists of 94 claims covering an area of 38 km2 near the centre of the western border of Vauquelin Township
  • Property is subject to a 1.5% and 2.5 % NSR.

 

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NAM Commences 2017 Exploration Program At The River Valley Pgm Project $NAM.ca

Posted by AGORACOM-JC at 9:30 AM on Wednesday, May 10th, 2017

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  • Closed $2,614,762 Private Placement, April 27, 2017
  • Signed contract with Abitibi Geophysics to commence surface geophysical program
  • Projects cover 16 km long River Valley PGM deposit
  • River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 2.5 Moz PGM, in Measured Plus Indicated mineral resources and near-surface covering over 16kms of strike
  • New discovery in 2015: 3.91 g/t Pd+Pt/9m from 145m in drill hole 2015-DN002
  • Discovery confirmed in 2016: 4.07 g/t Pd+Pt/9m from 202m in drill hole DN-T2-06
  • Upon completion of the geophysical program, drilling slated for summer 2017.

MAY 10, 2017 Vancouver, Canada – New Age Metals Inc. (“NAM” and the “Company”) (TSX.V: NAM; OTCQB: PAWEF) is pleased to announce that the Company plans to commence its 2017 Exploration Program this spring with a surface geophysical program at the Pine Zone of the River Valley platinum group metal (PGM) deposit near Sudbury, Ontario (Figure 1). The Pine Zone is one of many PGM zones within the district-scale River Valley PGM Project and was most recently drilled in the fall of 2016 (see to press release dated December 13, 2016). The 2016 drill program confirmed the higher-grade, near-surface PGM discovery made previously in the 2015 drill program (see press release dated March 11, 2015) and highlighted the continuity of the mineralization for 200 metres along strike and 100-200 metres depth. The Pine Zone remains open along strike and at depth. The surface geophysical survey will be performed to test the potential for eastwards and southwards extension of the Pine Zone and aid generation of new targets for drill testing later in 2017.

The 2017 Exploration Program will begin in May-June with cutting of a line grid for the surface geophysical induced polarization (IP) survey. The IP survey itself will consist in part of a detailed orientation survey to record geophysical responses over known geologic features and higher-grade PGM mineralization located in the Pine Zone and the adjacent Dana North Zone (Figure 2). The orientation survey will produce a geophysical fingerprint, which can be used to target favorable geologic features and potentially identify additional blind, structurally controlled PGM mineralization to the east, down-dip and up-dip of the Pine Zone, and elsewhere at River Valley for drill testing. Approximately 2 km of untested potential for discovery of additional mineralization presently exists along strike between the current drilled extent of the Pine Zone and the under explored Pardo Zone to the northwest (Figure 2).

The geophysical survey will be a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics (Thunder Bay, Ontario). OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The survey size will be 20 line-km over an area measuring 1.1 sq km (Figure 3). The survey will be performed along NW-SE trending, 50m to 100m spaced cut-lines across the apparent strike direction of the geological features controlling the Pine Zone. The depth of investigation is planned to be 440m, which is 40m below the maximum predicted depth of the Pine Zone in this area. In addition to the OreVision(R) IP survey, Abitibi Geophysics will also survey two open drill holes through the host geology and PGM mineralization for physical property measurements. The physical property data will benefit 3D inversion and modelling of the OreVision(R) survey dataset, thereby aiding generation of high priority targets for drill testing. Target generation will be followed by a ~5000 metre drill program in the summer or fall of 2017.


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Figure 1. Location of NAM’s 100% owned River Valley PGM Project.


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Figure 2. Property scale geological map showing the location of the Pine Zone discovery relative to the Dana North Zone immediately to the west and the Pardo Zone 2 km to the northeast. Note the apparent dextral sense of offset of the River Valley PGM deposit (red) across the Grenville Front Tectonic Zone.


Click Image To View Full Size

Figure 3. Design map grid for the OreVision(R) IP surface survey in the Pine Zone-Dana North Zone (DNZ) area of the River Valley PGM Project. WBSZ = West Boundary Shear Zone. Solid black circles = diamond drill hole collar locations.

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 NW Ontario (100 km east of Sudbury, Ontario). Presently, the River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus Gold. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remain open to expansion and are undergoing continued exploration.

In 2016, the company acquired the River Valley extension property which added approximately 4kms to the project mineralized strike length.

ABOUT NAM’S LITHIUM DIVISION

The Company has several Hard Rock Lithium Projects in Canada:

To date the Company has acquired 5 hard rock (Pegmatite) Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba. This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the mining of Pollucite (primary Cesium ore) and the production of Cesium Formate, a completion drilling fluid for the petroleum industry. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Li division.

The Company also announces that it has issued an aggregate of 287,954 common shares to Agora Internet Relations Corp. (“AGORACOM”). The securities issued represent the payment for services under the terms of an existing agreement and are subject to a four month plus one day hold period expiring September 3, 2017.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone 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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FEATURE: Grizzly Discoveries (GZD-TSX-V) – More than 9 million oz Au produced or as resources nearby $GZD.ca

Posted by AGORACOM-JC at 10:30 AM on Tuesday, May 9th, 2017

Gzdnew

WHY GRIZZLY DISCOVERIES?

  • World class gold and base metal deposits in British Columbia; and diamonds in Alberta.
  • More than 9 million oz Au produced or as resources in a radius of less than 70KM to Greenwood project
  • Holds, or has an interest in, metallic and industrial mineral permits for potash totalling more than 364,000 acres along the Alberta-Saskatchewan border
  • Four precious-base metal properties in British Columbia totalling over 235,000 acres. Grizzly also currently holds more than 231,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta
  • Portions of Grizzly’s Greenwood Project being explored by Kinross through option agreement

EXPLORATION HIGHLIGHTS

  • Drillholes with up to 31.1% K2O results from assays on recent Grizzly drill program
  • Historic Unity Potash Mine 45 km east of existing GZD lands
  • Agrium Vanscory Potash Mine 200 km east of GZD lands
  • Significant Potash in drill core or indicated by gamma logs at depths ranging from 1,060m to 1,675m
  • Temperatures at those depths range from about 50oC to 75oC. Optimal temperature for solution mining is approximately 75oC.

POTASH DEMAND AND GROWTH

  • According to industry estimates, Canada has Potash resources of 7.3 billion tonnes – roughly 52% of the world’s supply.
  • Currently 11 mines in Saskatchewan produce the majority of Canada’s 35% contribution to the world’s annual production.
  • The arable land per person in the world is declining, and weather patterns are becoming more volatile and extreme, fuelling demand for Potash which increases the yield per acre approximately 40%.

BC PRECIOUS METALS

Greenwood Gold District

Portions of Grizzly’s Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia by incurring US$3 million in exploration expenditures over a 5 year period. By the second anniversary of the agreement, 750 metres of diamond drilling must be completed along with US$750,000 in expenditures by September 23, 2017.

 ALBERTA DIAMONDS

  • Following 12 drill holes, 3 new diamond bearing kimberlites were discovered in 2008 at the Buffalo Head Hills property.
  • Grizzly has more than 200,000 acres surrounding Diamondex & Shore Gold in the Buffalo Head Hills.
  • Two kimberlite pipes look very promising and need bulk sampling which is being planned for future dates due to Grizzly’s current potash focus.
  • Land rights are valid for 2 to 5 years based on existing development work done on properties by Grizzly.

Buffalo Head Hills Diamond Property, Alberta
A Renewed Interest in diamonds

Renewed interest in diamond exploration during 2015 and 2016 has prompted re-evaluation of Grizzly’s Buffalo Head Hills Diamond Project in north-central Alberta, which is located approximately 330 kilometres northwest of Edmonton and is easily accessed during summer and winter by a large network of roads and cutlines. Based upon an internal review of all data, the Company has staked additional permits of highly prospective lands for diamond-bearing kimberlites in the Buffalo Head Hills area. Grizzly’s total land position includes 11 permits that encompass approximately 220,000 acres.

Check Out Our Recent Fact Sheet

12 MONTH STOCK CHART

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FORUM: Explor Resources Inc (EXSFF) Why Explor.. Why Now. $EXS.ca

Posted by AGORACOM-JC at 6:01 PM on Monday, May 8th, 2017

Exs logo

Rouyn-Noranda, Canada  – Having invested in many GOLD based Junior exploration companies over the past 35 years, I’ve created a personal set of criteria which has worked very well for some time now. Firstly, of course, is where we are in the GOLD cycle? On a daily basis, I read the thoughts, insights & opinions of a variety of GOLD experts. I tend to largely overlook mainstream media in my decision making, as that reporting is generally ‘after the fact’. At this moment, my research suggests GOLD is going considerably higher. Blah, blah, blah…yes, very true, we have seen a number of ‘false’ starts, most notably the Brexit upward surge, that got knocked back overnight. However, based on GOLD’s thirty-year history, a more permanent surge seems inevitable, considering Sovereign Debt levels; the impact of suggested interest rate increases; the Chinese plan toward a GOLD backed currency; and an elevated GOLD accumulation strategy by many of the most savvy investors in the world. Given I have held the view that USD$2,000 GOLD has been on the horizon for some time, why did I decide on EXS/EXSFF/E1H1 as my ‘flagship’ investment? Initially, a very dear friend brought the Company to my attention. More importantly, all the experts agree the greatest return on investment in a bull GOLD environment, is in the small cap, GOLD exploration sector, especially in a Company with great assets.

I visited the Company’s website www.explorresouces.com & discovered that this overlooked equity held ten GOLD & three Base Metals property groupings, predominantly along the GOLD rich Porcupine Destor Fault in northern Ontario & Quebec. Two of their properties have been developed to the point that NI 43-101 reports provide resource estimates. In my experience, I had never seen such a small company, with so many properties of merit. I then spoke directly with President & CEO Chris Dupont, a Mining Engineer with over 40 years of mining & exploration experience, and was deeply impressed with his detailed knowledge about every parcel of land in the Company’s portfolio.

As I’ve taken advantage of every weakness in the stock price to add to my position, I’ve stayed in touch with Dupont, and a variety of third parties, in an effort to keep all shareholders informed on an ongoing basis. Most recently, I’ve mentioned a proposed drilling program at the Company’s East Bay property block, near Duparquet, Quebec. Using the latest, most sophisticated geophysics technologies, a short list of promising targets has been established. The Company is hoping to begin drilling by mid June, which should get the attention of IAMGOLD, adjacent both to the east & west of the East Bay grouping. Further, progress has been made at the PG-101 property, and the Company is optomistic some drilling may take place in the near future. Recently completed geophysics have identified a number of very promising targets. I’ve also heard a rumour that the long-awaited drilling results from the January/February program on the properties north of the Glencore Kidd VMS Mine may have been processed by the lab. I’m hopeful Explor will put out a News Release shortly. Dupont has always been adamant about the ‘cluster effect of Volcanogenic Massive Sulphide (VMS) deposits’, and, encouraged by the discovery of exhalite on four separate occasions now, I’m certain the search will continue. Additionally, the status of the TPW GOLD Deposit remains a conundrum. Other than the obvious interest in the deposit, and its perceived potential by TAHOE, & by GOLDCORP (who hold a 3% Net Smelter Return on the property), I haven’t been able to get anything further on plans moving forward.

Lastly, I’m hearing an updated video interview with Dupont should be available within the next couple of weeks.

NOTE: This forum commentary was published from a third party source. It has not been verified by the company

About Explor Resources Inc.:

Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, 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 Quebec with approximately 33% in Ontario and 67% in Quebec. 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 Quebec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. (NYSE:TECK) is currently conducting an exploration program as part of an earn-in on the TPW property

Source:

Explor Resources Inc.
Contact:

Zim Pupedis
Shareholder
Email: [email protected]
Phone: 604-997-8175

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HPQ Orders Second Phase Lab Scale Testing Program From PyroGenesis as Part of Transition to Pilot Plant 5N Testing $HPQ.ca

Posted by AGORACOM-JC at 9:09 AM on Thursday, May 4th, 2017

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  • Ordered a second phase of Process Characterization Testing from PyroGenesis Canada Inc.
  • Purpose of this latest series of tests is to build upon the bench scale success to date and push the design envelope of the lab scale system to a point that will allow it to be operated in a semi-batch mode to produce Si samples
  • PyroGenesis will run the program over the next months, leading up to the delivery of the Pilot Plant furnace, scheduled for October 2017

MONTREAL, QUEBEC–(May 4, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce it has ordered a second phase of Process Characterization Testing from PyroGenesis Canada Inc. (“PyroGenesis”) using a newly upgraded version of the lab scale Purevaptm Quartz Reduction Reactor (“QRR”). The purpose of this latest series of tests is to build upon the bench scale success to date and push the design envelope of the lab scale system to a point that will allow it to be operated in a semi-batch mode to produce Si samples. PyroGenesis will run the program over the next months, leading up to the delivery of the Pilot Plant furnace, scheduled for October 2017. The objectives of these new metallurgical tests are multiple, and include generating and collecting data that can be used for the commercial scale-up of the Purevaptm QRR process, continue testing alternative purification routes and using higher purity feed stock (99.5% SiO2). The goal of this phase is producing 5N (99.999% Si) Solar Grade Silicon Metal at lab scale and perfecting the process techniques for the Pilot Plant. Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Building on the success to date, this new series of tests will allow us continue making improvements to the scaling up program, while simultaneously testing for the best and greenest pathway to produce 5N (99.999% Si) Solar Grade Silicon Metal at lab scale, prior to start-up of the Pilot plant scheduled for 2018.” The total cost of this series of R&D metallurgical tests is CDN$ 170,000. In addition to testing the material produced at the “Centre de Caractérisation Microscopique des Matériaux” (CM2), located at “École Polytechnique”, PyroGenesis will also provide HPQ Silicon with samples for third party independent validation of the purity, as well as, preparing progress reports and a final report summarizing the results and analysis. To this end, Pierre Carabin, Chief technology officer of PyroGenesis stated, “We are eager to start this additional testing phase. This new testing will allow us to validate the pilot scale reactor design and to further improve the product purity.” P. Peter Pascali, President and CEO of PyroGenesis stated: “The further we proceed in this project the more confident we are that we have found a plasma based application that can be applied to Quartz in a commercial setting.” About HPQ Silicon HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer. Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated High Value Silicon Metal and Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line. 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: 168,987,616

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

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BIG Potential in the newest, well-connected explorer in the Val d’Or-Abitibi Camp $MQR.ca

Posted by AGORACOM-JC at 9:35 AM on Saturday, April 29th, 2017

(Click on image to read entire article)

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Opawica Explorations Announces Purchase of Bazooka West Gold Property for 100% Ownership of Seven Contiguous Kilometres of Cadillac Larder Lake Break $OPW.ca

Posted by AGORACOM-JC at 5:10 PM on Friday, April 28th, 2017

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  • Exercised its option to acquire 100% interest in the Bazooka West property located in Beauchastel Township, Quebec, from Globex Mining Enterprises
  • Bazooka East and West gold properties combine for a total strike length of approximately seven kilometres along one of the most prolific auriferous structures in the world, the Cadillac Larder Lake Break

Shares for Services Agreement With AGORACOM

VANCOUVER, BRITISH COLUMBIA-(April 28, 2017) – Opawica Explorations Inc. (the “Company”) (TSX VENTURE:OPW) announces that pursuant to its news releases dated August 2, 2016 and January 30, 2017, the Company has exercised its option to acquire 100% interest in the Bazooka West property located in Beauchastel Township, Quebec, from Globex Mining Enterprises Inc. (“Globex”), for consideration of a final option payment of $30,000 cash and 500,000 common shares of the Company which are subject to a four month hold period expiring August 22, 2017. Globex retains a 3% Gross Metal Royalty (“GMR”) with the Company retaining the right to purchase 1% of the GMR for $1,000,000 within five years.

The Bazooka East and West gold properties combine for a total strike length of approximately seven kilometres along one of the most prolific auriferous structures in the world, the Cadillac Larder Lake Break (“CLLB”). Opawica’s collective 100% ownership, subject to various underlying royalties, of these properties will now be referred to as the Bazooka Gold Property (the “Property”).

To date only 800 metres of strike length has been tested by limited shallow drilling and small mining activities undertaken in the early 1950’s through a 115 metre deep shaft on the Bazooka Gold Property. This outlines approximately six kilometres of untested strike length and the entire seven kilometres of the Bazooka Gold Property is open to depth for gold exploration.

The eastern border of Opawica’s Bazooka Gold Property adjoins Yorbeau Resources Inc.’s (“Yorbeau”) Rouyn Property that is currently under option for Kinross Gold Corporation (“Kinross”) to purchase a 100% interest for consideration that includes C$12 million in certain exploration expenditures and a single cash payment of US$25,000,000, plus 2% of the prevailing gold price multiplied by the number of ounces in measured, indicated and inferred resources identified in a resource estimate to be completed on the Rouyn Property (see Yorbeau press release dated October 25, 2016). In addition, the western border of the Bazooka Gold Property adjoins Richmont Mines Inc.’s Wasamac gold property (~3 million ozs Au resources).

All of these properties are within 10 kilometres of the Rouyn-Noranda mining camp and are located on, or near, the CLLB. The 220 kilometre length of the CLLB, and areas in general proximity thereto, between Matachewan, Ontario to Val D’Or, Quebec have yielded over 125 million ounces of gold from production and existing gold resources.

SHARES FOR SERVICES AGREEMENT WITH AGORACOM

The Company has entered into an online marketing and advertising agreement (the “Agreement”) with Agora Internet Relations Corp. (“AGORACOM”) for a one year term ending April 30, 2018. The Company expects to receive significant advertising exposure over the next 12 months through many content brand insertions on the AGORACOM network and extensive search engine marketing.

As compensation for the services to be provided, AGORACOM will receive $45,000 plus applicable HST and payment will be made by the issuance of common shares at a deemed price per share to be determined after the date the services are provided during the year. AGORACOM will be paid $9,000 plus applicable HST in value of shares upon commencement of the Agreement on May 1, 2017, and thereafter will receive $9,000 plus applicable HST in value of shares at the end of each quarter with the final share payment to be made on April 30, 2018. The shares issued to AGORACOM will be subject to a four month hold period from the date of each issuance of shares.

The Agreement and all securities proposed to be issued thereunder are subject to the acceptance of the TSX Venture Exchange.

Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.

For more information, please visit the Company’s website at www.opawica.com.

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

Forward-looking Statements

Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are approximate and are “forward-looking statements” within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as adverse market conditions, mechanical failure, unavailability of parts, labor disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties may not achieve any category of resource(s). The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold, equity markets or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news release or future releases will lead to the identification of a deposit that can be mined economically, and further work is required to identify resources and reserves. We seek safe harbour.

Fred Kiernicki
President and Chief Executive Officer
Opawica Explorations Inc.
604-681-3552
604-681-3170

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Tartisan Resources Corp. Announces  Private Placement  of 2 Million Units at 15 Cents per Unit $TTC.ca

Posted by AGORACOM-JC at 8:52 AM on Thursday, April 27th, 2017

Tartisan logo copy

  • Raising  $CDN 300,000 via a non-brokered private-placement of 2,000,000 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a Private Placement of up to two million units at 15 cents per unit.

Private Placement

Tartisan Resources Corp. is raising  $CDN 300,000 via a non-brokered private-placement of 2,000,000 units at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring eighteen months from date of closing of this offering.

The net proceeds from this offering will be used for general working capital purposes and to acquire and further its interests in  properties and projects in Peru, in particular to initiate a work program on the 100% owned Don Pancho polymetallic zinc-lead-silver-manganese project located 105 kilometers north-northeast of Lima in the Province of Huaral, Department of Lima, Peru and to complete the acquisition of a 100% interest in the Ichuna copper-silver property in South Peru.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 71,064,345 shares outstanding (84,759,982 fully diluted).

For further information, please contact Mr. D. 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.tartisanresources.com or on SEDAR at www.sedar.com.

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 this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanApr272017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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Monarques Gold announces substantial increase to drill program, Primary focus on Croinor Gold and Gold Bug targets $MQR.ca

Posted by AGORACOM-JC at 8:46 AM on Thursday, April 27th, 2017

Monarquesgold hub large

  • Primary focus on Croinor Gold and Gold Bug targets
  • Approximately 25% of its aggressive program of drilling on Croinor Gold and Gold Bug.
  • Given the success achieved to date and the ongoing drilling by two drill rigs through to the end of this summer
  • Final program will be well over the 10,000 metres initially planned.

MONTREAL, April 27, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to provide an update on exploration and development activities at the Croinor Gold and Simkar Gold projects.

Exploration

The Corporation has completed approximately 25% of its aggressive program of drilling on Croinor Gold and Gold Bug. Given the success achieved to date and the ongoing drilling by two drill rigs through to the end of this summer, the final program will be well over the 10,000 metres initially planned.

The drilling program on Simkar Gold is now complete, with the Corporation having drilled four holes totalling approximately 3,000 metres. The program was aimed at exploring a diorite-hosted gold-bearing zone where historical drill intersections had returned grades of up to 38.7 g/t Au over 3.8 metres. Samples have been sent to the laboratory for assaying and the results will be forthcoming shortly.

Monarques has also started a new eight-hole program on Gold Bug, to be drilled between the Bug Lake corridor and the Tranche 2 corridor (see drilling plan). The goal of this program is to increase the area’s gold potential by focusing on new exploration targets.

On April 4, 2017, the Corporation announced that drilling on Gold Bug had confirmed the presence of a shear corridor about 15 metres wide with a vertical depth of at least 115 metres containing anomalous to economical gold grades, including 8.41 g/t Au over 25 metres in Hole CR-16-521 and 6.96 g/t Au over 15 metres (including 17.1 g/t Au over 5.9 metres) in Hole CR-17-532. The widths indicated are core lengths as true width cannot be estimated.

Finally, 26 drill targets have been identified on the 150 km2 Croinor Gold property by Diagnos technology using its proprietary CARDS system. In the coming weeks, the Corporation will prioritize one of those targets, located 300 metres from Gold Bug, where it will drill six 250-metre holes for a total of 1,500 metres of drilling (see drilling plan).

Other developments

Since the start of the year, Monarques has focused its efforts in order to move the Croinor Gold project toward gold production. The latest developments are as follows:

  • Following its latest financings, Monarques enjoys a strong financial position, with more than $9 million in cash and nearly $9 million in tax credits.
  • Monarques has signed leases with Canmet to lease two buildings in the Canmet Complex near the Beacon plant on Chemin Peter Ferderber in Val-d’Or. The buildings will house the Corporation’s main Abitibi office and its tactical exploration team.
  • Monarques has signed a long-term lease with Quebec’s Ministry of Energy and Natural Resources to lease land in the Senneterre industrial park. The site will be used for the construction of a railway system to transport the ore from the Croinor Gold mine to the Beacon mill, if that option is selected.
  • The Corporation received the certificate of authorization for construction of the power line on April 7, 2017. Bids for the construction of the power line to the Croinor Gold mine site have also been received, and construction is expected to begin by the end of the fourth quarter of 2017 (see news releases dated October 12, 2016, and July 20, 2016).

 

“Our goal over the next few months is to advance Monarques by significantly increasing the gold resource of the Croinor Gold project and developing the mine infrastructure with a view to production,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “This is an aggressive exploration program given the number of holes to be drilled by the end of the summer and we are committed to being selective in our choice of drilling targets so as to be as efficient as possible. We are confident that Croinor Gold will become one of the important new gold projects in the Abitibi region, and are committed to doing everything we can to achieve that goal and to maximizing the opportunity for the benefit of our shareholders.”

The technical and scientific content of this press release has been reviewed and approved by Donald Trudel, P.Geo., B.Sc., the Corporation’s Qualified Person under National Instrument 43-101.

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

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.

(Watch our latest Corporate Video)

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.

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Marten Falls & KWG to Propose Ring of Fire Mining Partnership, Meet With China Railway FSDI $KWG.ca

Posted by AGORACOM-JC at 8:21 AM on Tuesday, April 25th, 2017

   

  • Working towards establishing the principal terms of an equal partnership for the mining of chromite in the Ring of Fire
  • Parties envisage large-volume underground mining operations for the delivery of chromite raw materials by railroad, for further processing

TORONTO, ONTARIO–(April 25, 2017) – The Marten Falls First Nation has undertaken with KWG Resources Inc. (CSE:KWG)(CSE:KWG.CN)(FRANKFURT:KW6) (“KWG” or the “Company”) to work towards establishing the principal terms of an equal partnership for the mining of chromite in the Ring of Fire.

The parties envisage large-volume underground mining operations for the delivery of chromite raw materials by railroad, for further processing. The parties will travel to China in mid-May to establish interest in long-term offtake and financing arrangements there. They will also meet with China Railway First Survey & Design Institute Group (‘FSDI’) to discuss details of the feasibility study prepared for KWG last year by FSDI. The proposed railroad traverses the traditional territories of the Marten Falls, Webequie and Aroland First Nations.

The capital cost of creating the mining operation and its railroad is estimated to be $4 billion. The parties have requested that Ontario’s Ring of Fire Infrastructure Development Corporation indicate its willingness to provide a $1 billion guarantee as consideration for project financing terms from Chinese lenders.

The partnership is envisaged to include the Aroland and Webequie First Nations as well as the more remote members of the Matawa Council of First Nations. An offer of partnership will also be extended to Ring of Fire mineral claim holders Noront Resources Ltd., Fancamp Exploration Ltd., Bold Ventures Inc. and Probe Metals Inc.

About KWG:

KWG is the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

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

Shares issued and outstanding: 1,022,316,001

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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