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Tartisan Resources Corp. Announces Closing of Private Placement for Proceeds of $161,000 $TTC.ca

Posted by AGORACOM-JC at 11:22 AM on Thursday, March 16th, 2017

Raised $CDN 161,000 via non-brokered private-placement of 1,076,716 units to one placee at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring 18 months from date of closing of this offering

Toronto, Ontario (FSCwire) – Tartisan Resources Corp. (CSE: TTC) (â€œTartisanâ€, or the â€œCompanyâ€) is pleased to announce a Private Placement which closed today for proceeds of $161,000.

Private Placement

Tartisan Resources Corp. has raised $CDN 161,000 via non-brokered private-placement of 1,076,716 units to one placee at CDN $0.15 cents per unit with a full warrant at CDN $0.20 cents, expiring 18 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.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,287,629 shares outstanding (82,759,982 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 Companyâ€™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/TartisanPR03162017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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Tags: #mining, #smallcapstocks, $TSXV, CSE
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ST-GEORGES POSITIONED TO UNLOCK ICELAND’S MINERAL POTENTIAL WITH THE ACQUISITION OF ICELAND RESOURCES EHF $SX.ca

Posted by AGORACOM-JC at 8:41 AM on Thursday, March 16th, 2017

Announced that it has successfully completed its due diligence review of Iceland Resources EHF and signed a final definitive acquisition agreement
New subsidiary now owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland

St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has successfully completed its due diligence review of Iceland Resources EHF and signed a final definitive acquisition agreement.Â Subsequently to this transaction, St-Georges now owns all of the outstanding shares of Iceland Resources. St-Georgesâ€™ new subsidiary now owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland.
lock.

Top: Â Thor Gold Project Drilling Results Summary,Â Two high-grade plunging ore shoots, Warmer colours show higher gradesBottom Left:Â Banded quartz-chalcedony-ginguro from Thor. Andularia-sericite alterationÂ also presentBottom Right:Â Main structural features of Thormodsdalur epithermal gold deposit

The Thormodsdalur Project

The Opportunity
Iceland Resources EHF is an Icelandic corporation with gold/silver/copper/cobalt/zinc projects in Iceland. Amongst its projects are the 100% owned Reykjanes developmental project covering 897.5 km^2Â of licenced area that is in close proximity to Reykjavik and Keflavik and the gold project of Thormodsdalur located approximately 10km east of the city limits of the capital Reykjavik.
.Terms of Acquisition
St-Georges will create a new subsidiary in order to transfer its ownership of Iceland Resources. 40% of this subsidiary will be owned by the former Iceland Resources shareholders and the remaining 60% will be owned by St-Georges. Additionally, St-Georges make the following commitments:

Issuing 6,000,000 common shares of St-Georges to Iceland Resourcesâ€™ shareholders with a 12-month escrow release schedule;
Issuing a $350,000 debenture, bearing a 6% annual interest (cash or shares), maturing in November 2026 to be distributed to Iceland Resourcesâ€™ shareholders and some creditors; and
$1,000,000 of expenditure on the Iceland assets over the next 24 months, including mineral exploration expenses and metallurgical process research & development.

St-Georges Priorities in IcelandSt-Georgesâ€™ priority in Iceland will be to further explore the Thormodsdalur (Thor) gold project, which is currently in the process of being permitted for drilling later this summer.Â The company plans a 3,000 meter diamond drilling campaign that will be comprised of twin-drilling certain historical drill holes and will add in-fill holes in the identified gold trend which strikes some 700 meters that has seen drilling in 2006.Â The objective will be to gather enough data to be able to establish a first resource estimate by year end.Management of St-Georges will be publishing the summary of a geological due diligence report focused on the Thor Project and the drill core chemical analysis results that was commissioned to Dr Natasha Henwood as soon as Mr. Joel Scodnick and Mr. Herb Duerr, both Qualified Person under National Instrument 43-101, complete their review.Thormodsdalur is located about 20km east of the city centre of ReykjavÃk and south-east of the lake Hafravatn. The project was discovered in 1908. The property produced mineral concentrate from 1911 to 1925 when over 300 meters of tunnels were dug below surface excavations. The ore recovered was transported to Germany and historic sources reported values ranging between 11g/t and 315g/t Au. Â Note: All information pertaining to mineral resources, grades or operational results herewith presented are historical in nature and while relevant, the information was obtained from sources that cannot be independently verified.More recently, visible gold was seen in core from geothermal wells located on the project. This new discovery compelled the Icelandic government to create a mining entity for gold exploration in Iceland called MÃ¡lmÃs.

The best intercepts from the diamond drilling are 33.5m @ 8.0 g/t Au (true thickness) and 5.2m @ 35.4 g/t Au (true thickness).

Iceland Resources entered into a Joint Venture agreement with Melmi EHF, MÃ¡lmÃs EHFÂ (majority government owned) and Gold Ãsland Limited. Â Melmi is the owner of the Thormodsdalur license that was first granted in October 2004. Melmi is owned by MÃ¡lmÃs (51%) and Gold Ãsland (49%).St-Georges obligation in order to complete the earn-in agreement and to crystalize its initial equity position of 41% of the joint-venture on Thormodsdalur Â is for St-Georges to complete an additional 3,000 meters of drilling and publish a NI 43-101 compliant resource. Other Joint-Venture partners at this stage are the Iceland government controlled Malmis (30.1%) and Gold Island (28.9%) with St-Georges being the operator.

General Disclaimer: The current press release contains references to mineral sampling results from sources in the geological literature published by departments in the Icelandic government. .Â St-Georges has not sampled and analysed all of these samples. Readers should exercise caution as real width, depth or length of mineralisation encounter is not always defined. No resource estimate that is compliant with the standards of the National Instrument 43-101 is currently available.Â The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. and Mr. Joel Scodnick, P. Geo.Â St-Georges vice-president exploration, both ‘qualified person’ as defined by National Instrument 43-101Â Standards of Disclosure for Mineral Projects.Â

Tags: #mining, #smallcapstocks, $TSXV, CSE
Posted in All Recent Posts, St. Georges Platinum and Base Metals | Comments Off on ST-GEORGES POSITIONED TO UNLOCK ICELAND’S MINERAL POTENTIAL WITH THE ACQUISITION OF ICELAND RESOURCES EHF $SX.ca

Tartisan Resources Corp. Signs an LOI for the Purchase of the Ichuna Copper-Silver Property in Peru $TTC.ca

Posted by AGORACOM-JC at 8:20 AM on Thursday, March 16th, 2017

Tartisan logo copy

Signed a letter of intent with Duran Ventures Inc.Â for the purchase of the IchuÃ±a Copper-Silver property in Peru
Recently entered into an LOI with Duran regarding the purchase of the Don Pancho property

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (â€œTartisanâ€, or the â€œCompanyâ€) Tartisan Resources Corp. (â€œTartisanâ€ or the â€œCompanyâ€) is pleased to announce that the Company has signed a letter of intent (â€œLOIâ€) with Duran Ventures Inc. (V-DRV) for the purchase of the IchuÃ±a Copper-Silver property (â€œIchuÃ±aâ€ or the â€œProjectâ€) in Peru. Tartisan recently entered into an LOI with Duran regarding the purchase of the Don Pancho property (see Companyâ€™s new release dated February 22, 2017).

Tartisan has entered into an agreement with Duran to acquire 100% of the IchuÃ±a Copper-Silver property in Peru located in the department of Moquegua, 825 kilometres southwest of Lima, comprising one concession of 1000 hectares. More specifically, the IchuÃ±a property is located 120 kilometres northeast of Arequipa and is contiguous to the San Gabriel Project, previously called the Chucapaca Project, a gold-silver discovery announced in 2010 through a joint venture with Goldfields Ltd. and CompaÃ±ia de Minas Buenaventura (â€œBuenaventuraâ€). An initial resource of 83.7 MT, 1.9 g/t Au, 8.2 g/t Ag and 0.09% Cu for an 5.6 million equivalent Au ounces was published in May 2010*. *(https://www.goldfields.co.za/med_news_article.php?articleID=592)

In August 2014, Buenaventura announced the purchase of Goldfield’s 51-per-cent interest in the San Gabriel Project for $81-million (U.S.) and a 1.5% net smelter royalty (â€œNSRâ€) on all metal sales. Currently Buenaventura is proposing an underground mine at the project, specifically on the Canahuire gold zone, located approximately three kilometres to the south of the IchuÃ±a project.

Duran acquired the 1000 hectare IchuÃ±a concession in 2006 before the discovery at San Gabriel. Extensive high grade surface Cu-Ag mineralization was initially observed by Duranâ€™s geologists and was later followed up by a property wide geophysical survey in 2010. The work identified a large IP geophysical anomaly trending northwest-southeast measuring over 1,500 metres in length. It is important to note that the discovery of the Canahuire zone was a blind target with a strong geophysical response. Economic mineralization in the Canahuire zone does not outcrop at surface and follows a recessive area. The geophysical anomaly on IchuÃ±a has similar characteristics to the Canahuire zone.

Duran optioned the property to a third party in 2013 and limited work was undertaken, which included seven diamond drill holes totaling 2,754 metres. Drilling focused only along intrusive and limestone contact(s) where access and community agreements were in place. The drilling did not return significant results along this contact. More importantly, the IP target was not tested adequately as only one hole collared at the most south western tip was completed. A program of more detailed geophysics and diamond drilling is planned to test this extremely interesting target.

The agreement will permit Tartisan to acquire a 100% undivided interest in the Project by paying a total $50,000 and issuing 500,000 common shares by May 17, 2017. Upon completion of 5,000 metres of drilling and/or underground development, a further 150,000 shares are payable, and if a National Instrument 43-101-compliant resource is published, a further 150,000 shares are payable, and if the Company loses control of the project either by sale or joint venture, a further 200,000 shares are payable to Duran. Duran will retain a 2%NSR, of which half (1%) can be purchased by Tartisan for US$500,000.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Currently, there are 63,287,629 shares outstanding (82,759,982 fully diluted).

For further information on Tartisan, 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 Companyâ€™s website at www.tartisanresources.com or on SEDAR at www.sedar.com. For further information on Duran, please contact Jeff Reeder at 647-302-3290 ([email protected]) or www.duranventuresinc.com

Neither the TSXV, CSE/CNSX nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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

Jeff Reeder P.Geo. a qualified person in the context of NI 43-101 has reviewed and approved the technical content of this News Release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan03162017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Tags: #mining, #silver, #smallcapstocks, $TSXV, copper, gold
Posted in Tartisan Resources | Comments Off on Tartisan Resources Corp. Signs an LOI for the Purchase of the Ichuna Copper-Silver Property in Peru $TTC.ca

Explor Announces Kidd Township Diamond Drilling Program $EXS.ca

Posted by AGORACOM-JC at 11:22 AM on Wednesday, March 15th, 2017

Exs logo

Commenced of a Diamond Drilling Program on the Kidd Township Property
Completed a geophysical program consisting of mag and max/min to better define the targets in December 2016 and has started a 3,000 meter diamond drill program

ROUYN-NORANDA, QUEBEC–(March 15, 2017) – Explor Resources Inc. (“Explor” or “the Corporation”)Â (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the commencement of a Diamond Drilling Program on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Open Pit in Kidd Township, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that cover an area of approximately 2,805.20 hectares as shown on the attached Property Map. The most obvious topographical feature in the area is the Open Pit located in the central portion of Explor’s Kidd Township group of Properties. Explor has completed a geophysical program consisting of mag and max/min to better define the targets in December 2016 and has started a 3,000 meter diamond drill program. The diamond drill program is underway and results are pending.

The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.

Exploration drilling completed by Explor to date has revealed a Major Fault Structure running to the west of the Open Pit in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southeast of the Open Pit (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm. The Magnetic Anomaly associated with these results appears to continue onto Explor’s property holdings. A series of untested AEM (Airborne Electromagnetic) conductors detected on the Kidd Township Group of Properties to the North, South, East and West of the existing Open Pit clearly warrant further investigation.

Some of the EM (Electromagnetic) targets occur along magnetic boundaries suggestive of Rhyolite/Basalt contacts. The Mine in the Center of the Kidd Township Group of properties has produced more than 153,000,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966.

Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The presence of Mafic and Felsic rocks on the Kidd Township Group of Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist within the Kidd Township Group of Properties as shown on the attached map located in the Timmins/Porcupine Mining Camp.

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

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, QuÃ©bec, 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 QuÃ©bec with approximately 33% in Ontario and 67% in QuÃ©bec. 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 QuÃ©bec 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. is currently conducting an exploration program as part of an earn-in on the TPW property. 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.

A map associated with this press release is available at the following address: http://media3.marketwire.com/docs/Explor_map.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-1870
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com

Tags: #mining, #smallcapstocks, $TSXV, CSE, gold
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INTERVIEW: Grizzly Discusses Greenwood Project Currently Under Option to Kinross $GZD.ca $K.ca

Posted by AGORACOM-JC at 3:52 PM on Monday, March 13th, 2017

Tags: #mining, #smallcapstocks, $TSXV, CSE
Posted in AGORACOM Via Satellite, All Recent Posts, Featured, Grizzly Discoveries, Grizzly Discoveries (GZD: TSX-V) | Comments Off on INTERVIEW: Grizzly Discusses Greenwood Project Currently Under Option to Kinross $GZD.ca $K.ca

Durango Provides Update On Properties in Windfall Lake Area $DGO.ca

Posted by AGORACOM-JC at 7:01 AM on Monday, March 13th, 2017

Announces technical specifications on itsÂ Trove Property that is currently under negotiation as well as the additional property in the area that was recently acquired by Durango

Vancouver, BC / March 13, 2017 – Durango Resources Inc.Â (TSX.V-DGO) (OTC-ATOXF),Â (the “Company” or “Durango”)Â announces technical specifications on itsÂ Trove Property that is currently under negotiation (the “Trove Property”) as well as the additional property in the area that was recently acquired by Durango (the “New Windfall Property”).

Previous exploration work conducted by Durango on the Trove Property included a VLF-EM survey and a detailed humus grid sampling of 1046 samples. NE-SW trending conductors were identified and a strong anomalous gold signal was defined from the humus survey in the SW portion of the property, about 160 m from an NE-SW regional fault crossing the Trove Property. This anomalous gold signal consists of three contiguous anomalous gold values, including 171 ppb Au, which is the highest assayed gold value that was returned from the humus sampling1.

The Trove Property lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. Per Durango’s map, several Osisko till anomalies are adjacent to Trove Property, three of which are located down-ice, indicating a possible source inside the limits of the Trove Property. A multi-element statistical approach is needed to enhance the interpretation of the humus soil sampling survey.

Durango’s recent acquisition of the New Windfall Property announced on March 6th, 2017Â is located 2.5 km east of the Trove Property and adjoins the southern limit of Osisko’s ground. A limited amount of exploration work has been conducted over this ground which totals an area of over 2,000 hectares. The New Windfall Property is located within 1.5 km of the regional NE-SW faults extending from the Gladiator project of Bonterra Resources. A Power line is crossing the central portion of the claim block and several lakes and rivers are present, which may facilitate the access for future exploration works. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets. An additional 600 hectares is located to the west of the Trove Property and to the south.

Marcy Kiesman, CEO of Durango stated, “Durango has been positioned for discovery in the Windfall Lake area since 2010 with positive indicators on the Trove Property and our recently-acquired New Windfall Property in the area. Durango looks forward to an exciting year ahead and is working diligently to bring additional value to our shareholders.”

The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.

Reference
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.

About Durango

is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, theÂ DecouverteÂ and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture inÂ Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone:Â 604.428.2900Â orÂ 604.339.2243

Facsimile:Â 888.266.3983

Email: [email protected]

Website:Â www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the sale of the Trove Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile atÂ www.sedar.com.

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.

Reference
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, theÂ DecouverteÂ and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture inÂ Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone:Â 604.428.2900Â orÂ 604.339.2243

Facsimile:Â 888.266.3983

Email: [email protected]

Website:Â www.durangoresourcesinc.com

Forward-Looking Statements

Tags: #mining, #smallcapstocks, CSE
Posted in All Recent Posts, Durango Resources, Small Cap Lithium Stocks | Comments Off on Durango Provides Update On Properties in Windfall Lake Area $DGO.ca

Fairmont Resources Inc. (TSX-V: FMR) Requests and Receives Extension for Grabasa Acquisition $FMR.ca

Posted by AGORACOM-JC at 12:00 PM on Thursday, March 9th, 2017

Received an extension to complete the payment for Granitos de Badajoz (“Grabasa”) until April 24, 2017 from the Spanish Court in Badajoz

VANCOUVER, BRITISH COLUMBIA–(March 9, 2017) – Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce it has received an extension to complete the payment for Granitos de Badajoz (“Grabasa”) until April 24, 2017 from the Spanish Court in Badajoz.

“Unexpected delays with clearance documentation from the European based funding group put us in a position that required an extension request,” states Michael Dehn, President and CEO of Fairmont Resources.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone 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. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn, President and CEO, Fairmont Resources Inc.

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.

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
647-477-2382
[email protected]
www.fairmontresources.ca

Doren Quinton
President QIS Capital
250-377-1182
[email protected]
www.smallcaps.ca

Tags: #mining, #smallcapstocks, $TSXV, CSE
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Drivers, Restraints & Popular Trends of Anthracite Coal Mining Industry : 2019 $AEXE.us

Posted by AGORACOM-JC at 9:27 AM on Wednesday, March 8th, 2017

Most favored PCIâ€™s (pulverized coal injection products) and ULV (ultra low volatile products) that is directly fed into blast furnace in countries such as China and India
Use of ULV is sought by steel mills as it provides superior performance due to higher carbon and energy content
Immensely increased the market for anthracite coal mining

Anthracite is a hard and compact variety of coal that has the highest content of carbon amongst all types of coals. With fewer impurities & highest calorific value there is a global increase in anthraciteâ€™s demand which is escalating the anthracite coal mining market. It accounts for only 1% of the total worldâ€™s coal reserves. Residue left over after the combustion of anthracite has fewer impurities with negligible smoke compared to other varieties of coal which makes it an efficient fuel. The global market for anthracite coal mining keeps on changing and evolving based on new partnerships, acquisitions or new players. There is a fundamental shift in the mineral resources market where the traditional producers and suppliers are diverting supplies to domestic consumers and are focusing on its imports.

Anthracite is the most favored PCIâ€™s (pulverized coal injection products) and ULV (ultra low volatile products) that is directly fed into blast furnace in countries such as China and India. The use of coke has been reduced by anthracite, as it is a superior and cleaner substitute; moreover the worldwide shortage of coke and its relatively high price has strengthened the demand for ULV anthracite in future. The use of ULV is sought by steel mills as it provides superior performance due to higher carbon and energy content. This has immensely increased the market for anthracite coal mining. Mining is a risk prone task which destroys the land and emits harmful gases besides the anthracite mines are prone to danger that includes roof falls, explosions, mine fires and collapsing of mines. The miners fear many types of natural incidents that can be caused by properties of coal and underground atmosphere such as â€œmarsh gasâ€ and â€œfire dampâ€.

Anthracite is classified in to three grades based on its carbon content and its mining is done based on the type of coal required. The segmentation of anthracite mining market is done on the basis of anthracite coal grades:

Standard grade
High grade
Ultra-high grade
The segmentation of anthracite coal mining market can also be done on the basis of types of mining in anthracite fields as follows:

Shaft mine
Drift mine
Slope mine
Surface mine

Anthracite can be extracted from the mountain forming areas where the metamorphosed anthracite coal deposits are found. The anthracite coal mining market is segmented in the basis of regions as:

Pennsylvania
China
Vietnam
North Korea
U.S.
The end users of anthracite coal include sectors such as power industry, railway, coke producers, steel manufacturers and commercial users. Some of the other areas of application of anthracite include as a coke substitute in chemical industries, in building material production, sugar production and in production of plastics, sorbents & adsorbents.

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMRâ€™s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: www.transparencymarketresearch.com

Source: http://www.openpr.com/news/459058/Anthracite-Coal-Mining-Industry-Drivers-Restraints-Popular-Trends-2019.html

Tags: #mining, #smallcapstocks, $TSXV, Anthracity coal, CSE, otc
Posted in AIM Exploration | Comments Off on Drivers, Restraints & Popular Trends of Anthracite Coal Mining Industry : 2019 $AEXE.us

HPQ Silicon Announces Closing of Final Tranche of Over-Subscribed Private Placement $HPQ.ca

Posted by AGORACOM-JC at 10:41 AM on Tuesday, March 7th, 2017

Completed the second and final tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 2,488,234 units at $0.17 per Unit for gross proceeds of $423,000

MONTREAL, QUEBEC–(March 7, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has completed the second and final tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 2,488,234 units (“Unit”) at $0.17 per Unit for gross proceeds of $423,000.Â The Net proceeds of the placement will be used for on-going R&D investments related to the development of 200 Ton/Year Solar Grade Silicon Metal PUREVAPâ„¢ Quartz Reduction Reactor Pilot equipment, general corporate expenses, legal expenses and placement fees.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “Demand for participation in HPQ private placements continues to be strong, and it exceeded the over allocation allotment mentioned in our February 3, 2017 press release.Â Since December 2016, the Corporation as raised close to $3 million. These financings are key as they provide HPQ-Silicon the funds required to continue the development of the Pilot Plant project with Pyrogenesis, and the necessary time required for our discussions with Government based agencies that manage funding programs for which the PUREVAPâ„¢ QRR is eligible.”

OTHER CORPORATE MATTERS Shares have been issued to pay an outstanding debt of $28,250 for services rendered during the period from July 16, 2016 ending Jan 15, 2017.

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 one step High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

Disclaimers:

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S.Â Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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: 164,704,382

Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

Patrick Levasseur
President and COO
(514) 262-9239
www.HPQSilicon.com

Tags: #mining, #smallcapstocks, $TSXV, CSE, High Purity Quartz, High purity silicon
Posted in All Recent Posts, HPQ-Silicon Resources Inc. | Comments Off on HPQ Silicon Announces Closing of Final Tranche of Over-Subscribed Private Placement $HPQ.ca

Durango Attends Meetings at PDAC & Windfall Lake Aquisition $DGO.ca

Posted by AGORACOM-JC at 8:00 AM on Monday, March 6th, 2017

Announced that Company representatives are attending the Prospectors & Developers Association of Canada (PDAC) convention this week to meet with potential financiers, parties interested in the Trove project, and with a professional geologist executive who has been involved with several successful exploration companies

Vancouver, BC / March 6, 2017 – Durango Resources Inc.Â (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF),Â (the “Company” or “Durango”)Â announces that Company representatives are attending the Prospectors & Developers Association of Canada (PDAC) convention this week to meet with potential financiers, parties interested in the Trove project, and with a professional geologist executive who has been involved with several successful exploration companies.

The Company would also like to announce the acquisition of additional ground in the Windfall Lake gold area. The property is in the Windfall Lake Gold Camp area and is over 2,600 hectares and adjoins property held by Osisko Mining, who just announced on February 28, 2017, the completion of an $82M equity financing. The terms of the 100% purchase agreement are $10,000 cash on signing, and 1,000,000 common shares to be issued upon TSX Venture Exchange approval. Finder’s fees of up to 100,000 common shares may be payable subject to TSX Venture Exchange approval. There is no NSR on this property.

Marcy Kiesman CEO of Durango stated, “The recent news by other juniors charging into the area suggested that Durango should act on acquiring the strategically located ground offered to the company. This past February over $100M dollars in financings have been announced by four major companies in the Windfall Lake area. We look forward to what appears to be an exciting year ahead and will continue to work diligently to bring value to our shareholders.”

About Durango

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone:Â 604.428.2900Â orÂ 604.339.2243

Facsimile:Â 888.266.3983

Email: [email protected]

Website:Â www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the sale of the Trove or any other properties held by Durango, the entering into of any transaction and/or financing with any third parties and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile atÂ www.sedar.com.

Tags: #mining, #smallcapstocks, $TSXV
Posted in Durango Resources | Comments Off on Durango Attends Meetings at PDAC & Windfall Lake Aquisition $DGO.ca

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