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HPQ Silicon Resources Provides Update on Spin out of Beauce Gold Project, Listing and Distribution to Shareholders $HPQ.ca

Posted by AGORACOM-JC at 9:33 AM on Friday, March 31st, 2017

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  • Patrick Levasseur, President and COO of HPQ Silicon stated, “The spin out of our gold assets into Beauce Gold Fields is nearing completion and will prove to be worth the wait for our shareholders and everyone who will benefit from it. The recent signing of our MOU with Golden Hope Mines regarding the Bellechasse-Timmins Gold Deposit allows us to now focus our efforts to spin out Beauce Gold Fields. The TSX-V has received documentation therefore we are now waiting for a positive response of this documentation. We are eager for Beauce Gold Fields to be an independently trading entity that unlocks the true value of our gold assets.”

MONTREAL, QUEBEC–(March 31, 2017) – HPQ-Silicon Resources Inc. (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) wishes to provide to its shareholders an update regarding the spin out of its Beauce Gold Project into Beauce Gold Fields Inc. (“BGF”) and its application for listing on the Canadian Securities Exchange (“CSE”).

Patrick Levasseur, President and COO of HPQ Silicon stated, “The spin out of our gold assets into Beauce Gold Fields is nearing completion and will prove to be worth the wait for our shareholders and everyone who will benefit from it. The recent signing of our MOU with Golden Hope Mines regarding the Bellechasse-Timmins Gold Deposit allows us to now focus our efforts to spin out Beauce Gold Fields. The TSX-V has received documentation therefore we are now waiting for a positive response of this documentation. We are eager for Beauce Gold Fields to be an independently trading entity that unlocks the true value of our gold assets.”

PROPOSED DISTRIBUTION OF BEAUCE GOLD FIELDS SHARES TO HPQ SILICON SHAREHOLDERS

Once HPQ receives notice of the acceptance of its documents by the TSX-V, we will complete the final documentation for our CSE listing. At that point, we will announce the proposed distribution of BGFI shares, the record date on which HPQ shareholders will qualify to receive such shares and the proposed listing date of BGFI. BGFI would issue 25.1 million shares of its share capital to HPQ in consideration of the sale of the Beauce-Placer-Fancamp claims, the Beauce Placer claims and the exploration and extraction rights for precious and base metals on the Roncevaux property. The per share value currently being considered for BGFI is $0.10. The proposed distribution of the shares will be done under a three year escrow. 10% of the shares should be releaseded upon listing, and 15% should then be released every 6 months afterwards, effectively shareholders should receive 40% of their BGFI shares during the first year.

ADDITIONAL SPIN OUT MATTERS

The following actions have been completed in relation to the spin out:

  1. HPQ has entered into an agreement to grant to BGF the Gold, Precious metals and base metals exploration and extraction rights on the Roncevaux property in exchange for a 5% NSR on such production and the issuance of 100,000 shares.
  2. HPQ has entered into an agreement selling the Beauce-Placer-Fancamp claims and the Beauce Placer claims, the Beauce Gold Project, and the Real Estate lots relating thereto, in exchange for 25 million shares
  3. The Corporation has received and filed on SEDAR both the updated National Instrument 43-101-compliant report on the Beauce Placer Project, as well as, a NI 43-101-compliant report on the Roncevaux property.
  4. The Board of Directors of Beauce Gold Fields Inc has been nominated and is composed of:
  • Dr.Vivian Stuart-Williams, M. Sc. Geo. SACNASPS
  • Mr. Michael Flanagan, P. Geo (Québec)
  • Mr. Marc-André Drapeau, ing.
  • Mr. Bernard Tourillon
  • Mr. Patrick Levasseur
  1. The Officers of BGFI have nominated and will be composed of:
  • Mr. Bernard Tourillon, Chairman and CEO
  • Mr. Patrick Levasseur, President and COO
  • Mr. François Rivard, Chief Financial Officer
  1. The Corporation has filed with the TSX-Venture Exchange the necessary documents regarding the various claims sales, the real estate lots and exploration and extraction rights Agreements..

CAPITAL RAISE

Concurrently with the listing process on CSE Exchange, BGF is in the process of raising in excess of $400,000 to qualify for listing. This will enable the Corporation to meet its working capital obligations as well as most of its first year exploration needs.

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.

About Beauce Gold Fields

Beauce Gold Fields (BGF) is a wholly own subsidiary of HPQ Silicon. HPQ is in the process of “Spinning Out” Beauce Gold Fields into a new publicly trading junior gold company. The Beauce Gold property will become the property of merit of BGF.

The Beauce Gold project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100 per cent owned by HPQ, the project area hosts a six-kilometre-long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold, providing significant potential for further exploration discoveries.

Property highlights

  • Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce gold project;
  • Polygonally calculated gold exploration target for the entire historical placer channel ranging between 61,000 ounces (2.2 million cubic metres at 0.87 gram of gold per cubic metre) and 366,000 ounces (2.2 million cubic metres at 5.22 grams of gold per cubic metre);
  • Significant potential for further exploration discoveries; geology suggest a proximate bedrock source of gold;
  • 176 acres of real estate 100 per cent owned by HPQ;
  • The property once held four historical gold mining operations;
  • The property produced the largest gold nuggets in Canadian mining history (St-Onge nugget, 43 ounces; McDonald nugget, 45 ounces; Kilgour nugget, 51 ounces).

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: 168 387 616

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

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Tartisan Resources Corp. Acquires the Don Pancho Polymetallic Zinc-Lead-Silver-Man… Property in Huaral, Peru $TTC.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, March 30th, 2017

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  • Acquired 100% of the Don Pancho polymetallic zinc-lead-silver-manganese project located in the Province of Huaral, in the Department of Lima Peru
  • located in a prolific polymetallic mineral belt in central Peru with several operating mines in the area including the world class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xtrata Plc located 50 kilometers to the north-northwest

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce the closing of the acquisition of the Don Pancho |polymetallic zinc-lead-silver-manganese project in Peru.

Tartisan Resources Corp. has now acquired 100% of the Don Pancho polymetallic zinc-lead-silver-manganese project located in the Province of Huaral, in the Department of Lima Peru, 105 kilometers north-northeast of Lima, comprising one concession of 600 hectares and located approximately between 3,660 meters and 4,487 meters above sea level. A Technical Report on the Don Pancho Polymetallic Project (Zn,Pb,Ag,Mn) NI 43-101 has been filed on SEDAR (2014).

The Don Pancho Project is located in a prolific polymetallic mineral belt in central Peru with several operating mines in the area including the world class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xtrata Plc located 50 kilometers to the north-northwest. Additionally, Trevali Mining Corporation’s Santander silver-lead- zinc mine is located 9 kilometers to the east and Buenaventura’s silver-lead-zinc Uchucchacua mine is located 63 kilometers to the north, (10 million ounces of silver produced in 2011). Infrastructure is considered excellent with ready access and a power line crossing the property en route to the Santander mine.

Don Pancho Project

Previous exploration on the property included an extensive surface mapping and sampling program, geophysics and a 2021 metre diamond drilling program of 6 holes conducted by a private Peruvian company.

Mapping and sampling shows an extensive NNW-SSE trending breccia zone measuring over 800 metres in length and 150 to 200 metres in width. There are numerous old workings and underground drifts located within this zone. The 2014 diamond drilling program shows large intersections of polymetallic mineralization, including 40 metres of 0.88% Zn, 0.40% Pb and 7.7 g/t Ag, 22.65 metres of 1.00% Zn, 0.26% Pb and 6.85 g/t Ag and 1.15 metres of 4.38% Zn, 3.25% Pb and 61.1 g/t Ag, (see Duran’s Press Release September 2, 2014). Surface sampling from the previous operator has revealed very interesting values, including 13.9 metres of 28.1 g/t Ag, 2.43% Pb, and 2.42% Zn, 2.8 metres of 28.1g/t Ag, 1.06% Pb, and 9.07% Zn and 13 metres of 8.38g/t Ag, 0.39% Pb, and 2.22% Zn. Sampling of underground workings in Yanapallaca area before the previous operators retuned 106 g/t Ag, 3.26% Pb and 17.56% Zn over 2.00 metres. (see 43-101 Technical Report on Don Pancho filed December 30th, 2014 on Sedar). Please note that the true width of the mineralization both on the surface and underground workings cannot yet be determined as the controls of the mineralization is yet to be fully understood.

A “Stage 1 Program” of geophysics, diamond drilling and potentially underground  drifting is envisioned to commence in 2017. Structural analysis on the geology suggests previous drilling did not properly test the potential of the property. Tartisan  has acquired the core  and data.

In summary under the terms found in the Defineative Agreement Tartisan has acquired a 100% undivided interest in the property by paying $50,000 and issuing 500,000 common shares. Upon completion of 5,000 metres of drilling and/or underground development a further 150,000 shares are payable, and if a NI 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. Duran Ventures will retain a 2% net smelter return royalty, 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 64,564,345 shares outstanding (84,913,414 fully diluted)..|Tartisan additionally owns a 20% + equity stake in Eloro Resources  Ltd . as well as holding  a 2% NSR in the La Victoria Project in North-Central Peru.

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 Company’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

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)

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

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Durango Enters Into Option Agreement With Bonterra Resources For Trove Windfall Lake Property $DGO.ca

Posted by AGORACOM-JC at 9:39 AM on Thursday, March 30th, 2017

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  • Entered into an option agreement under which BonTerra can earn a 100% interest in Durango’s Trove Windfall Lake Property located in the Windfall-Urban Gold Camp district of northern Quebec
  • Direct extension of the south west mineralized trend that BonTerra is currently exploring on its Gladiator Gold Deposit and Coliseum Gold Property
  • BonTerra technical team is experienced and very familiar with the type of geology hosted by the Trove Property

Vancouver, BC / March 30, 2017 – BonTerra Resources Inc. (TSX.V-BTR, US: BONXF, FSE: 9BR1) (“BonTerra”) and Durango Resources Inc. (TSX.V-DGO, OTC: ATOXF, FSE:86A1), (“Durango”) are pleased to announce that they have entered into an option agreement (the “Agreement”) under which BonTerra can earn a 100% interest in Durango’s Trove Windfall Lake Property located in the Windfall-Urban Gold Camp district of northern Quebec (the “Trove Property”).

The Trove Property, surrounded by properties held by Osisko Mining Inc. (TSX: OSK) (“Osisko”) and Beaufield Resources Inc. (TSXV: BFD) (“Beaufield”), is a direct extension of the south west mineralized trend that BonTerra is currently exploring on its Gladiator Gold Deposit and Coliseum Gold Property. The BonTerra technical team is experienced and very familiar with the type of geology hosted by the Trove Property.

Pursuant to the Agreement, BonTerra may earn a 100% interest in the Trove Property from Durango in exchange for making the following payments and undertaking the following exploration work on the Trove Property:

  • -BonTerra must pay Durango CDN$150,000 in cash and issue Durango 1,500,000 BonTerra common shares within 2 business days of the date the TSX-V approves of the transaction (the “Closing Date”);-on or before the first anniversary of the Closing Date, BonTerra must pay Durango a further CDN$150,000 in cash and issue Durango an additional 1,500,000 common shares;

    -on or before the second anniversary of the Closing Date, BonTerra must pay Durango $200,000 and complete a minimum of CDN$1,000,000 in exploration expenditures, upon which BonTerra will have exercised its option and full title of the Property will be transferred from Durango to BonTerra;

    -BonTerra will issue an additional 2,000,000 common shares to Durango as a discovery bonus if, and when, BonTerra produces a technical report compliant with National Instrument 43-101 showing a minimum 500,000 ounces inferred resource of gold; and

    -Durango will retain a 2% net smelter return royalty in respect of the Trove Property. BonTerra may purchase 50% of this royalty at any time for $1,000,000.

Marcy Kiesman, CEO of Durango, stated “The next exploration stage of the Trove Property requires immediate expenditures for drilling, which Durango’s management is unwilling to finance at current share prices due to the dilution which would result for our shareholders. Entering into this transaction with BonTerra provides Durango with cash flow and allows Durango to share in BonTerra’s potential success in working the Trove Property as a shareholder of BonTerra. BonTerra brings a strong management team and a talented exploration team for future exploration on the Trove, having made a significant gold discovery in the Windfall Lake area on the eastern section, making this partnership an exciting opportunity for Durango. Durango recently acquired additional strategically located ground in the Windfall Lake area adjacent to Osisko and within a few kilometres of the Trove Property boundary, and plans to advance this newly-acquired property in the same manner as the Trove Property was advanced. If Bonterra has success exploring the Trove Property, Durango may be better positioned finance large exploration drilling programs on its other projects. We are very excited about this transaction and the year ahead.”

The Agreement is subject to TSX Venture Exchange approval and will be filed on SEDAR under the profiles of each of Durango and BonTerra at www.sedar.com.

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, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, and the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: 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 option 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 at 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.

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AGORACOM Welcomes Monarques Gold (MQR: TSX-V) With NI 43-101 High-Grade Gold Reserves and Resources $MQR.ca

Posted by AGORACOM-JC at 8:54 AM on Thursday, March 30th, 2017

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Why Monarques Gold?

  • NI 43-101 high-grade gold reserves and resources
  • Excellent discovery potential along strike and at depth
  • Ongoing 10,000 drilling program (results are pending)
  • Acquisition of the 750 ton-per-day Beacon mill

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.

 

12 Month Stock Chart

Last changed at 27-Mar-2017 04:41PM by AGORACOM

 


 

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Durango Offered Additional Land Packages In Windfall Lake Area $DGO.ca

Posted by AGORACOM-JC at 9:45 AM on Friday, March 24th, 2017

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  • Properties have been offered to the Company in the Windfall Lake gold camp area for purchase
  • Management and consultants are looking at the land packages offered and reviewing the available technical data

Vancouver, BC / March 24, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces that additional properties have been offered to the Company in the Windfall Lake gold camp area for purchase. Company management and consultants are looking at the land packages offered and reviewing the available technical data.

The Windfall Lake gold deposit is located between Val d’Or and Chibougamau in the Abitibi region of Quebec and hosts one of the highest-grade gold resource stage projects in Canada. Last month, $109M dollars in financings were announced by four companies exploring in the area, gaining increased attention for the Windfall Lake gold camp.

Additionally, Durango would also like to provide an update on its Trove Property which lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. As previously announced on February 24 and 27, 2017, negotiations are progressing and Durango expects to be providing a detailed update to the market in the near future.

Marcy Kiesman, CEO of Durango stated, “Durango remains a firm believer in the favourable geology in the Windfall Lake Camp and the possibility of the regional gold discoveries being pervasive throughout the region. The Company has been positioned for discovery in the area since 2010 and is working conscientiously to bring additional value to our shareholders as the district heats up.”

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, the Decouverte 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 in Ontario.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: 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 at 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.

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HPQ Silicon Resources and Golden Hope Mines Sign MOU on Bellechasse-Timmins Gold Property to Move Forward $HPQ.ca

Posted by AGORACOM-JC at 8:15 AM on Friday, March 24th, 2017

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  • Announced that Golden Hope Mines (“GNH”) (TSX VENTURE:GNH) and HPQ have signed a non-binding Memorandum of Understanding (MOU)
  • New Agreement in relation to the commercial mining of the of the Bellechasse-Timmins (“B-T”) gold deposit located in St-Magloire in the Beauce region of Quebec

MONTREAL, QUEBEC–(March 24, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce that Golden Hope Mines (“GNH”) (TSX VENTURE:GNH) and HPQ have signed a non-binding Memorandum of Understanding (MOU) for a New Agreement in relation to the commercial mining of the of the Bellechasse-Timmins (“B-T”) gold deposit located in St-Magloire in the Beauce region of Quebec.

ADVANCING THE BELLECHASSE-TIMMINS GOLD PROPERTY

HPQ strongly believes that, similar to its Beauce Gold project, the B-T property can potentially be advanced to the feasibility level for a small-scale surface gold mining operation. The B-T property and the Beauce Gold property have many points in common, key among them is the fact that the deposits are located in the Magog Group geological formation and are both “nuggety” type deposits.

Patrick Levasseur, President and COO of HPQ Silicon stated “I look forward to working with the Golden Hope Mines team to advance the B-T deposit into the first operating gold mine in southern Quebec in many years. I sincerely thank the Board of Golden Hope and especially its President, Frank Candido, for his leadership in bringing us together to find common ground to move forward with this fantastic project for the benefit of all shareholders.”

The MOU sets the framework to end the legal dispute (see HPQ press release of September 18 2015 and GNH press releases of September 4 and 21 and November 12 and 23 2015) and establish a New Agreement that replaces the Definitive Option and Joint Venture Agreement (DOJV) for the advancement of the B-T Deposit into a producing mine. (see press releases February 24 and April 4 of 2014)

A Preliminary Economic Assessment and a Feasibility Study has not been completed and there is no certainty the proposed operation will be economically viable or mineable.

Mr. Mike Flanagan, PGeo. is the qualified person as defined by National Instrument 43-101 who has prepared and approved of the technical information in this news release. 

NEW AGREEMENT EXPECTED TO BE COMPLETED APRIL 15 – KEY POINTS BELOW

  1. Upon conclusion of the New Agreement, the DOJV shall be terminated, HPQ shall withdraw the UBR Legal Action and each party shall release the other from any claim, right or obligation relating to the DOJV.
  2. The New Agreement shall provide HPQ the option to earn a 30% undivided interest in the B-T Deposit by completing, at its cost, a list of actions specified and detailed in the New Agreement
  3. The New Agreement shall provide HPQ with a further option to earn an additional 20% undivided interest in the Deposit (total 50%), following the completion of all Actions, by securing the required financing to fully fund the commercial production of the Deposit in accordance with the Economic Assessment referred to above.
  4. HPQ will subscribe to a private placement financing of GNH.
  5. An assignment of HPQ’s rights and obligations under the New Agreement to HPQ’s wholly-owned subsidiary Beauce Goldfields (BGF) may take place upon completion of certain conditions stipulated in the New Agreement.
  6. In the event that HPQ does assign its rights and obligations under the New Agreement to BGF, GNH shall receive $50,000 in shares of BGF, subject to required approvals.

The New Agreement is expected to be completed and executed by the parties by April 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.

About Beauce Gold Fields

Beauce Gold Fields (BGF) is a wholly own subsidiary of HPQ Silicon. HPQ is in the process of “Spinning Out” Beauce Gold Fields into a new publicly trading junior gold company. The Beauce Gold property will become the property of merit of BGF.

The Beauce Gold project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100 per cent owned by HPQ, the project area hosts a six-kilometre-long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold, providing significant potential for further exploration discoveries.

Property highlights

  • Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce gold project;
  • Polygonally calculated gold exploration target for the entire historical placer channel ranging between 61,000 ounces (2.2 million cubic metres at 0.87 gram of gold per cubic metre) and 366,000 ounces (2.2 million cubic metres at 5.22 grams of gold per cubic metre);
  • Significant potential for further exploration discoveries; geology suggest a proximate bedrock source of gold;
  • 176 acres of real estate 100 per cent owned by HPQ;
  • The property once held four historical gold mining operations;
  • The property produced the largest gold nuggets in Canadian mining history (St-Onge nugget, 43 ounces; McDonald nugget, 45 ounces; Kilgour nugget, 51 ounces).

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: 164 704 382

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

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TARTISAN RESOURCES ADDED TO CSE COMPOSITE INDEX $TTC.ca

Posted by AGORACOM-JC at 6:59 PM on Friday, March 17th, 2017

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The quarterly rebalancing of the CSE Composite Index will result in the following changes, effective after the close on Friday, March 17, 2017.

Additions

TTC – Tartisan Resources Corp.

For more information about the CSE Composite Index, including the full list of securities and the index methodology, visit the CSE website.

Contact Information

Index Management

Robert Cook, Senior Vice-President Market Development

[email protected]          (416) 367-7349

Media Relations

Richard Carleton, CEO

[email protected]  (416) 367-7360

Read bulletin: http://thecse.com/en/about/publications/bulletins/2017-0307-index-cse-composite-index-quarterly-rebalancing

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Explor Intersects Multiple Copper Zones Grades Up to 2.36% Cu Over 11.5 Meters on the Chester Copper Property $EXS.ca

Posted by AGORACOM-JC at 1:46 PM on Thursday, March 16th, 2017

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  • Multiple Copper Zones Grades Up to 2.36% Cu Over 11.5 Meters
  • Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of multiple copper mineralized zones in each of the holes drilled is very significant in terms of exploration. The increase in strike length of the known mineralization from 500 to 750 meters confirms the potential to significantly increase the resources on the property. The property continues to be open on strike to the west and Northwest.”

ROUYN-NORANDA, CANADA - (March 16, 2017) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce further results from the 12 Diamond Drill Holes completed on the Chester Copper Property. The Chester Copper property is located in the Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, New Brunswick, within the Bathurst Mining Camp. This area has an extensive history in base metal production from VMS deposits.

There has been very little exploration work in this area of the Bathurst Mining Camp (BMC) since the initial exploration more than 60 years ago. Of significance also is the fact that three (3) age date studies of the rock in the area since 2005 have indicated an age of 469+/- 0.3 ma. All of the main largest VMS deposits in the BMC (including BMS #12 and #6, the Caribou Deposit (currently being developed by Travalli) and the past producing Heath Steele Mines, are associated with this age date for the footwall felsic rocks. That new data in 2007 places Explor’s Chester deposit is in the same time frame as the Brunswick Mining No. 12 and No. 6 deposits located in the BMC.

New Brunswick is the home of the No 12 massive sulphide deposit (The Brunswick Deposit) which was in continuous production from 1964 to its closure in March of 2013 (to Feb 2013, 135,903,168 tonnes milled at 3.44 % Pb, 8.74 % Zn, 0.37 % Cu and 102 g/t Ag). The Brunswick deposits (No 6 and No 12) are situated in the Nepisiguit Falls Group of rocks in the Lower Tetagouche group of the BMC. There are 46 known VMS deposits in the BMC.

The property is located in the southern-most part of the Bathurst Mining Camp and consist of 174 Mineral Claim Units within a total of five (5) Mineral Claims (1571, 2428, 6003, 6005 and 7045) comprising approximately 3,828 hectares as shown on the attached map.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of multiple copper mineralized zones in each of the holes drilled is very significant in terms of exploration. The increase in strike length of the known mineralization from 500 to 750 meters confirms the potential to significantly increase the resources on the property. The property continues to be open on strike to the west and Northwest.”

A total of 4 diamond drill holes were drilled on claim 1571. The first three diamond drill holes that were drilled were fan holes from the same location. This successfully tested the extension of the copper stringer zone for a distance of 250 meters west of previous drilling. The fourth drill hole was located approximately 100 meters west (and 38 meters south) of the first three drill holes, confirming the continuity of the mineralization to the west and Northwest and adding 250 meters of strike length to the known deposit. It intersected the target horizon and favorable geology from 49 meters to 172 meters.

Further to the west the copper deposit goes down dip and onto claim 6003. At about 1,100 meters west of the first drill hole, drill hole 6003-16-012 was drilled at a vertical dip. It eventually went to a depth of 600 meters and intersected previously unknown mineralization near surface (18 meters) and also extending the deep main Chester Stringer zone an additional 650 meters westward than any previous reliable drilling (i.e. casing in place and core in government storage). It also confirms the existence of the alteration zone and the host stratigraphic horizon to a depth not previously known or expected. The chloritized favorable horizon extends from a depth of 472.5 meters to 561 meters with low grade copper mineralization documented from 519 meters to 543 meters.

In the north part of claim 6003, an untested soil geochemical anomaly was tested. Copper mineralization was discovered as pyrrhotite and chalcopyrite veinlets in felsic volcanic associated with the soil anomaly. Copper mineralization was also discovered in this area in 2014 and a soil survey on claim 7045 to the west have unexplained copper and lead anomalies which may be associated with previously mentioned soil anomaly and this horizon.

To the south on Claim 6005, two drill holes were put down to test a soil anomaly apparently associated with a historical drill hole, dating to about the 1956 to 1958 era, with a reported value of more than 2% copper. No indication of any mineralization was discovered in the two drill holes.

Results are shown below for Hole # 1571-16-004:

Summary of Results From Drill Hole 1571-16-004
Zones From
(m)		 To
(m)		 Length
(m)		 Au
(ppb)		 Ag
(ppm)		 Cu
(%)		 Zn
(ppm)		 Pb
(ppm)
1 89.20 90.00 0.80 10 1 0.013 1189 370
Contains bedded pyrite (very narrow zone) (Anomalous in zinc and lead)
Main mineralized zone below 90 m, very chloritic
2 120.90 123.00 2.10 46 2.8 0.832 346 73
3 131.90 143.40 11.50 138 4.8 2.357 1205 107
includes 131.90 137.45 5.45 134 4.8 2.267 1428 101
and 137.35 143.40 6.05 142 4.8 2.439 100 113
or 135.80 143.40 7.60 173 6.1 3.058 1408 158
includes 139.70 143.40 3.70 211 7.1 3.885 1492 134
4 161.90 164.20 2.30 21 1.0 0.436 160 36
5 178.70 181.40 2.70 51 1.6 0.781 235 60
includes 178.70 179.30 0.60 114 4.4 3.160 457 167
6 201.50 202.40 0.90 28 2 1.150 168 20
7 232.90 234.60 1.70 146 1.4 0.64 109 29
8 267.00 268.00 1.00 2.5 1.4 0.028 12500 1572
9 270.00 271.00 1.00 2.5 0.1 0.035 2501 216

A total of 9 zones of Copper mineralization were intersected in the above referenced Hole # 1571-16-004. Zinc mineralization of 1.25% was intersected over 1.0 meters.

Results are shown below for Hole # 1571-16-012:

Summary of Results From Drill Hole 1571-16-012
Zones From
(m)		 To
(m)		 Length
(m)		 Au
(ppb)		 Ag
(ppm)		 Cu
(%)		 Zn
(ppm)		 Pb
(ppm)
1 12.80 13.10 0.30 58 1.4 0.120 64 44
2 16.10 18.30 2.20 11.4 1.35 0.098 32 22
3 18.30 32.20 13.90 3.1 0.62 0.028 118 20
4 519.00 528.90 9.90 7.8 0.9 0.375 77.5 24.6
includes 521.10 521.60 0.53 40 5.6 3.380 186 31
and 525.00 526.40 1.35 14 1.5 0.898 121 29
5 531.00 536.50 5.50 26.6 0.6 0.235 54.0 24.3
includes 534.70 535.10 0.40 186 5.4 2.950 235 57
N.B. “From” and “to” are vertical depth from surface

A total of 5 zones of copper mineralization were intersected in the above referenced Hole # 1571-16-012.

The Chester Property is known to contain both a copper deposit and a VMS deposit. The copper deposit has an Open Pit resource with Measured & Indicated resource of 1,400,000 tonnes grading 1.38% Cu, 0.06% Zn & 3.5 g/t Ag and an inferred resource of 2,089,000 tonnes grading 1.26% Cu (assayed for Cu only).

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

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. 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 is available at the following address: http://media3.marketwire.com/docs/1089056A_Fig1.pdf.  

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

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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

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  • 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) (“Tartisan”, or the “Company”) 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 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/TartisanPR03162017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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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

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  • 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.  Subsequently to this transaction, St-Georges now owns all of the outstanding shares of Iceland Resources. St-Georges’ 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:  Thor Gold Project Drilling Results Summary, Two high-grade plunging ore shoots, Warmer colours show higher gradesBottom Left: Banded quartz-chalcedony-ginguro from Thor. Andularia-sericite alteration  also presentBottom Right: 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 km2  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 Resources’ 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 Resources’ 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-Georges’ 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.  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.  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 Reykjavík 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.  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 Málmís.
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, Málmís EHF (majority government owned) and Gold Ísland Limited.  Melmi is the owner of the Thormodsdalur license that was first granted in October 2004. Melmi is owned by Málmís (51%) and Gold Ísland (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  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. .  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. The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. and Mr. Joel Scodnick, P. Geo. St-Georges vice-president exploration, both ‘qualified person’ as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. 

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