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Explor Closes a Second Tranche of a Maximum of $2 Million Private Placement in Flow-Through Shares $EXS.ca

Posted by AGORACOM-JC at 4:14 PM on Friday, November 18th, 2016

Announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412Â flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000

ROUYN-NORANDA, QUEBEC–(Nov. 18, 2016) –Â Explor Resources Inc.Â (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or theÂ “Corporation“)announces the closing of a second tranche of a non-brokered private placement previously announced for a maximum of 23,529,412Â flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The second tranche of the Private Placement closed today consists in the sale of 2,552,941 shares for an aggregate subscription of $217,000.

The net proceeds from the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of QuÃ©bec.

In connection with the Private Placement, the Corporation will pay to an arm’s length finder, finder’s fees representing a cash amount equal to 8% of the subscribed amount through the finder, and non-transferrable finder’s warrants entitling to purchase such number of common shares of the Corporation equal to 8% of the aggregate number of shares subscribed through the finder. These finder’s warrants will be exercisable at a price of $0.085 per common share, up to 24 months from the closing date.

The securities issued pursuant to the second closing of the Private Placement are subject to a hold period of four months and a day ending March 19, 2017.Â The Private Placement is subject to the final approval of the TSX Venture Exchange.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (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:Â

	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:Â

	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.

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

Tags: #mining, #smallcapstocks, $TSXV, gold, Teck Resources (tck.b: tsx)
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Pacific North West Capital Corp. Reports Up To 3.04% Lithium Oxide On The Lithium Two Project, SE Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:10 AM on Thursday, November 17th, 2016

Hublogo1 copy

Phase One Program of pegmatite sampling completed on Pacific North West Capital’s (PFN) Lithium Projects in SE Manitoba by its 100% owned Lithium Division, Lithium Canada Developments (LCD)
Two main pegmatites were sampled
Multiple high grade surface samples from the Eagle Pegmatite yielding assays of up to 3.04% Li2O
Surface samples from the FD No. 5 Pegmatite yielded assays of up to 2.08% Li2O
2000m drill program recommended and a detailed mapping and sampling program.

November 17th, 2016 /Â Vancouver, British Columbia -Â Pacific North West Capital Corp. (“PFN” the “Company”)Â (TSXV: PFN; OTCQB: PAWEF; FSE: P7J)Â is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments has received the assays from its 2016 Phase One Field Program on the Lithium Two Project.Â The company considers these results to be very positive and highlights the lithium potential of the Lithium Two Project.

The Lithium Two Project is located north of Cat Lake, approximately 145 kilometers (90 miles) northeast of Winnipeg, Manitoba (Canada) and 22 kilometers north of the Tanco Mine Site (Figure 1).Â Geologically, the project is situated in the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field.Â The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite, which has been mined since 1969 at the Tanco Mine Site.Â At one time, the Tanco Mine was North America’s only producer of Spodumene (a primary lithium mineral). This Project has excellent access via a major gravel covered provincial highway in the project area.

Two historically known Pegmatites exist in the project area; the Eagle Pegmatite and the F.D. No. 5 Pegmatite. Numerous other surface exposed Pegmatite Dykes occur in the project area. Surface samples were collected during a Phase One Exploration Program to evalute the two major Pegmatites. Assays are displayed in Table 1 and sample locations are shown in Figure 2.

The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Dykes, over a distance of about 823 meters, with a general strike of 077? and a near vertical dip. Approximately 200 meters of the Eagle Pegmatite was examined in this program.Â In 1947, drilling of the Eagle Pegmatite estimated that there was 545,000 tonnes (600,000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 60 meters (200 feet).Â This is a historic estimation and is not NI 43-101 compliant and should not be relied upon.Â The Eagle Pegmatite remains open to depth.

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Figure 1: Lithium Two Project Location Map

Click Image To View Full Size

The F.D. No. 5 Pegmatite is exposed over an area of 15 square meters, but is poorly exposed away from the main showing. This Pegmatite strikes at 80? and dips near vertically to the north. The Pegmatite has not been previously drill tested.

Click Image To View Full Size

Table 1: Lithium Two Project Assay Result

The Lithium content over each of the sampled Pegmatites is extremely high. In addition, Tantalum, Cesium and Rubidium contents are enriched – consistent with a Lithium-Cesium-Tantalum (LCT) Type Pegmatite. LCT Type Pegmatites are the deposit types of interest in Lithium Exploration. The Tanco Pegmatite is a LCT Type Pegmatite.

The Pegmatite samples were sent to the Activation Laboratories facility in Ancaster, Ontario for analysis. Samples were prepared using the lab’s Code RX1 procedure, in which samples are crushed up to 95% passing through a 10 mesh, riffle split, and then pulverized with mild steel to 95% passing 105 um. Analyses were completed using the lab’s Ultratrace 7 Package. This package is a sodium peroxide fusion, which allows for total metal recovery and is effective for the analysis of sulphides and refractory minerals. Assay Analysis is carried out using ICP-OES and ICP-MS instrumentation. Due to the reconnaissance and prospecting nature of the Phase One Program, independent standards or blanks were not submitted with the samples. However, Activation Laboratories followed their own internal QA/QC procedures. It is recommended that for future detailed mapping/sampling programs and for drilling, a full QA/QC program of standards, duplicates and blanks be implemented.

It is recommended that additional samples be collected along the strike of the Eagle Pegmatite and during reconnaissance sampling of the minor pegmatites in the project area.Â Additional sampling will occur over the next few weeks. The sampling results will be utilized to create a surface distribution map of the lithium content. During the 2017 field season, it is recommended that the area be mapped in detailed with the purpose of understanding the controls on the Pegmatite emplacement and discovering more Pegmatites.Â A drill program of 2000 meters is recommended for 2017 to test the Eagle and F.D. No. 5 Pegmatite Dykes.

To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential in the Cat Lake-Winnipeg River Pegmatite Field of southeast Manitoba. PFN is the largest mineral claim holder in the Pegmatite Field.Â As part of company’s Prospector Generator Model, negotiating is currently ongoing with interested 3rdÂ parties for possible Option/Joint Ventures and other Exploration Initiatives.

About PFN’s PGM Division

PFN’sÂ flagship project is itsÂ 100% owned River Valley PGM Project (PFN Website – River Valley Project)Â in the Sudbury Mining District of northwest Ontario (60 kilometers due east of Sudbury, Ontario). Presently theÂ River Valley Project has Measured + Indicated resources of 91 million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut-off grade of 0.8 g/t for a PdEq of 2,463,000 ounces PGM plus gold. River Valley PGM-copper-nickel sulphide mineralized zones remain open to expansion and is undergoing continued exploration. Results are expected from the fall drill program in the next few weeks.

Management Commentary

Harry Barr, Chairman and CEO comments; “The positive results from the Lithium Two project correlate well with managements objective to bring three of the companies five lithium projects to the drill stage before the end of the first quarter of 2017. We have also just completed the fall drill program of the 100% owned River Valley Project, which is one of Canada’s largest undeveloped primary PGM projects. Results from both divisions are expected over the next few weeks.”

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital Corp. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Â Harry BarrÂ “

Harry Barr

Chairman and CEO

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

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

Tags: #mining, #smallcapstocks, $TSXV
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AIM Exploration Inc. Background and update as of Fall 2016 $AEXE.us

Posted by AGORACOM-JC at 4:18 PM on Tuesday, November 15th, 2016

Henderson, NV – AIM Exploration Inc. (OTCQB:AEXE) is pleased to provide a comprehensive background and update as of Fall 2016

AIM Exploration Inc. was originally formed with the objective to develop a Feldspar mine in the Philippines and source other valuable mining properties worldwide. In mid 2014 AIM acquired what is considered a rich anthracite coal mining concessions in Peru from Percana Mining Corp., a privately held company. AIM continued to look at and consider other properties however none of the other properties AIM reviewed had the long term profitability potential AIM was looking for. During this period AIM continued to operate the Feldspar properties in the Philippines however in 2016 the change within the government in the Philippines made significant changes to mining laws which AIM studied and after careful consideration elected to cease all operations in the Philippines and concentrate all efforts and resources on the Peruvian properties in view of the high profit potential.

As stated above in mid 2014, Aim Exploration, Inc. entered into a Mining Concession Asset Acquisition Agreement with Percana Mining Corp.. Through this acquisition AIM acquired ownership/control over 1,000 hectares of mining concessions located in Peru.

Prior the completion of the acquisition AIM hired a USA geologist/ mining engineer (Mr. Karl Gurr of Gustafson and associates) to complete a site visit and review the previous documentation and reports previously obtained by Percana Mining Corp. Mr. Gurr provided a detailed report to AIM and based on this report AIM was confident the concessions would prove out. The concessions appeared to be rich with anthracite coal and all previous samples (and subsequent samples) tested indicated a very high quality of anthracite. The mining concession properties are adjoining properties, on one section of the property there were and continues to be approximately 20 operating mining tunnels that are, and continue to be operated by artesian miners who reside close by. AIM has continued to allow the artesian miners to operate on their own however the company has contracted with virtually every miner to work strictly for AIM. In addition, AIM, through the direction and guidance of Mr. Karl Gurr intends to further explore and develop the properties. One of the reports the previous owners (Percana) obtained by a qualified Peruvian geologists estimates there are in excess of six hundred million tons of coal within their properties, we must advise however this report is not 43-101 compliant and therefore cannot be relied upon for investment purposes however AIM believes strongly in the report.

From a background standpoint prior to AIM taking control of the property the previous owners worked very hard over a number of years developing a strong rapport with the local inhabitants in villages close to the mining site. Through their efforts they obtained approval from the locals to explore and develop the properties. AIM continues to work very closely with the previous owners as the current President & CEO of AIM was the President of Percana and the other director of Percana is very closely involved and will be overseeing the operations in Peru. AIM has developed very close relations with key people in Peru and has strong ties not only with the locals but with strong legal and accounting teams in Peru.

AIM has personnel in Peru working diligently to continue to develop operations within the country. AIM has spent a great deal of time developing and refining the infrastructure to ensure profitable operations, including but not limited to coal extraction from the existing tunnels, transportation of the coal from the mine site to a holding site in Trujillo (approx. 200 KM), and further transport to the Port of Salaverry located within 2 KM of the holding site. AIM has developed strong ties with the Port Authority and feels extremely confident of their co-operation.

The board of directors of AIM are seasoned professionals as is the case with all the individuals and firms they choose to work with, AIM carefully considers everyone they choose to work with as they must understand the underlying AIM philosophy —- AIM cares! AIM not only cares about the people but cares about the environment. An example how much we care is we have over the years assisted members of the small communities close to the mine sites with medical needs, and helping the families and children in the communities through bring much needed medication, sporting equipment to the children and we even hold annual Christmas parties for the needy families.

Of late AIM, knowing that miners are working in less than desirous situations they recently hired a company Caduceus Software Systems Corp. (aka Caduceus) to work with the company to ensure the safest environment possible. Caduceus is a company that specializes in harsh environment situations and safety consulting, and can provide certificates for AIMâ€™s mining crew. It is intended that Caduceus work with the miners and provide the AIM crew with Confined Space and Advanced Rescue entry and attendant certificates, Fall protection and Fall Arrest cards, Draeggar Monitoring training, and conduct FIT tests.

While AIM continues to set up and refine operations within Peru the President of AIM has been concentrating on the marketing of the anthracite coal. Over the years many potential purchasers have shown a great deal of interest working with AIM, however knowing and understanding the long term effects of developing marketing relationships AIM was very careful selecting the group they feel has the strongest long term potential for the shareholders of AIM. During the past 18 months AIM has developed a very strong working relationship with an Indian firm (Prina Energy) to market the coal. The relationship with the President of Prina Energy is very strong. After a site visit in Peru, Prina not only completely viewed the entire AIM properties but was also introduced to all AIM personnel in Peru and met with the key players in Peru and developed a strong understanding of the detailed logistics AIM has developed.

Through this association initially Prina Energy provided AIM with an LOI to purchase coal direct; however subsequent to that AIM and Prina have developed an even stronger relationship and is now in the final stages of setting up a joint venture operation head-quartered in Dubai UAE DMCC.

The DMCC was established in 2002 as a strategic initiative of the Government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up and operate a thriving commodities marketplace, today they are officially recognized as the largest Free Zone in the United Arab Emirates with over 12,000 registered companies under license.

Setting up the marketing arm in Dubai is a strategic move for long term growth and profitability for AIM, Prina has strong ties in the UAE not only with high level long term buyers but access to appropriate financing which AIM will require for operational working capital.

In addition, Prina, through close connections will attract the level of buyers needed to make AIM a profitable corporation over the long term.

This joint venture will be completely set up in the very near future and operations will commence.

It is anticipated that commencing January 2017 all the operations will be underway and shipping of coal is anticipated for March 2017.

About Aim Exploration:

The Company is an Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).

Forward-Looking Statements and Disclosures Certain information set forth in this press release contains “forward-looking statements” and “forward-looking information” under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management’s assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “projects,” “plans,” “targets,” and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.

Contact:

AIM Exploration Inc.

J.R. (Bob) Todhunter

Director, President & CEO

www.aimexploration.com

[email protected]

https://twitter.com/AEXEqb

Tags: #mining, #smallcapstocks, Aim Exploration, otc
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St-Georges Platinum and Base Metals Provides Le Royal Lithium Exploration Progress Update $SX.ca

Posted by AGORACOM-JC at 10:51 AM on Tuesday, November 15th, 2016

Hired Magnor Exploration Inc. in October to plan and execute a first exploration campaign on Le Royal Lithium
Team of geoscientists with Yves Caron as its lead geologist, visited the project and conducted some initial surface work
Encouraged by the discovery of outcrops on the limited territory covered in this evaluation visit and a zone of interest was identified that should be the priority of the exploration advancement

Montreal, Quebec / November 15, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to update its shareholders in regards to the current exploration effort on Le Royal Lithium project.

St-Georges’ management hired Magnor Exploration Inc. in October to plan and execute a first exploration campaign on Le Royal Lithium.

During the last week of October, a team of geoscientists with Yves Caron as its lead geologist, visited the project and conducted some initial surface work. Mr. Caron was instrumental in the development of the Wabouchi Lithium deposit while he was the Vice-President Exploration of Nemaska Lithium. Mr. Roger Ouellet was also part of the campaign as a senior geologist.

The team was encouraged by the discovery of outcrops on the limited territory covered in this evaluation visit and a zone of interest was identified that should be the priority of the exploration advancement. The work enables St-Georges to confirm the presence of a favourable geological context for the discovery of lithium bearing mineralization.

The Royal Lithium project is located near the La Corne pluton in the Preissac-La Corne Batholith at the contact of three geological domains. Considering these lithologies, the presence of the North American Lithium (formerly Quebec Lithium) deposit 5 km north-east of the project and the presence of many other lithium showings in the proximal area, Le Royal Lithium has a confirmed potential for rare metals (Li, Be, Nb and Ta) in rare-element pegmatites.

Click Image To View Full Size

Figure 1: Geological settings of Le Royal Lithium

Part of the project is accessible by logging roads that are currently in good conditions. However, most of Le Royal Lithium lies under heavy dense forest and in order to continue the surface work, the Company must conduct a significant amount of line-cutting for which Magnor Exploration Inc. has initiated the permitting with the Ministry of Natural Resources.

Initial surface magnetic & radiometric geophysics aimed at confirming the local geology signature was conducted by Exploration St-Pierre Inc. from St-Felix Qc. While the initial work was conducted on sections of the property that are easier to access, the second part of that effort will be completed after the line cutting task is completed.

About Le Royal Lithium Project

Independent due diligence report highlights:

-Sample collected yields 2.508% LiO2-Regional geological environment is favorable to potential large discovery-Most of the lithium found in the sample is contained in Lepidolite-There is presence of spodumene-Compilation of historical geological data suggests multiple exploration vectors

Yves Caron, P.Geo. (OGQ #548), a Qualified Person under the National Instrument 43-101, has reviewed and approved the geological content of the current press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESDIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Tags: #mining, #smallcapstocks, $TSXV
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Durango Develops Limestone Branding $DGO.ca

Posted by AGORACOM-JC at 8:33 AM on Tuesday, November 15th, 2016

Created logo and branding materials for packaging its limestone located on the northwest coast of British Columbia for agricultural use
Label “ever bloom” represents greater crop yield due to the fertility of the plants by using agricultural limestone as a soil conditioner

Vancouver, BC / November 15, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of November 10, 2016, it is has created logo and branding materials for packaging its limestone located on the northwest coast of British Columbia for agricultural use.

The label “ever bloom” represents greater crop yield due to the fertility of the plants by using agricultural limestone as a soil conditioner. The limestone activates when in contact with water and then dissolves into the soil, lowering the acidity and raising the pH which is essential for crop yields. This process can significantly boost profit potential of farms and can increase the fertilizer efficiency up to 50% which is desirable for greater crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus which improves soil structure, increases rates of air and water infiltration, improves plant cell wall formation and can help to regulate the nutrient uptake through the roots of the plant producing the “ever bloom”.

Marcy Kiesman, CEO comments, “Durango is speaking with different groups who may benefit from using the BC limestone for agricultural use and for additional green-tech solutions. While Durango awaits the large-scale LNG markets to open up in northern BC, the Company is focused to initiate smaller niche market sales.”

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 project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

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 commencement and completion of the limestone projects, obtaining final government, industry and other approvals of mining such projects, future exploration or project development programs 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.

Tags: #mining, #smallcapstocks, $TSXV, BC LNG Industry, limestone, LNG
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Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Posted by AGORACOM-JC at 9:27 AM on Monday, November 14th, 2016

Entered into an Option Agreement with LiCo Energy Metals Inc.
LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project

VANCOUVER, British Columbia, November 14, 2016 —

Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed a third joint venture option agreement. The Company has entered into an Option Agreement with LiCo Energy Metals Inc. (“LiCo”) dated November 10, 2016 (the “Agreement”) whereby LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project. The property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. Reno, a major population center lies 177 kilometers to the southwest. The Agreement is “non-arms’ length” and so constitutes a related party transaction, as the “Company’s” President and CEO is also the President and CEO of LiCo. The agreement is subject to TSX Venture Exchange (the “Exchange”) approval.

COO Tim Fernback States “This Agreement is an exciting milestone for the Company as it is the third time that the Company has successfully optioned out particular interest in one of its properties to further the lithium property project generator business plan.”

The geologic setting combined with the presence of lithium in both active geothermal fluids and surface salts within the Black Rock Desert property match characteristics of lithium brine deposits at Clayton Valley, Nevada and in South America. Geothermal fluids adjoining the claims are known to contain anomalous lithium values and a recently completed surface silt sampling program confirmed values containing up to 520 ppm lithium. Although geological work has been undertaken for geothermal energy production in the area, the lithium in brine potential of the playa has not been specifically studied. Initially, the lithium target in this basin was highly conceptual, however, recent exploration results are highly encouraging and warrant a detailed exploration drilling for a Clayton Valley type brine deposit.

Pursuant to the terms of the Agreement, LiCo may exercise the option as follows:

making a payment of US$20,000 immediately upon execution of this Agreement;
making a payment of US$150,000 upon receipt of the Exchange Approval;
completing the issuance to the Optionor of 4,500,000 fully-paid and non-assessable common shares in the capital of the Optionee as follows: 1,500,000 Consideration Shares upon receipt of the Exchange Approval; 1,500,000 Consideration Shares on or before the one (1) year anniversary of the Agreement Date; and 1,500,000 Consideration Shares on or before the two (2) year anniversary of the Agreement Date; and
incurring an aggregate of $1,250,000 in Exploration Expenditures on the Property on or before the three (3) year anniversary of the Agreement Date.

About the Black Rock Desert Property:

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The Property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (5mg/l) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

On a separate note, Nevada Energy Metals Corp. recently notified Dajin that it does not wish to pursue the earn-in agreement entered in December, 2015, for the 191 placer claims covering 3,851 acres (1,558 hectares) at Dajin’s 100-per-cent-owned Alkali Lake property. The Company did not carry out any further exploration on the Alkali Lake project, preferring instead to focus on its own projects.

The Company also announces that it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 6,000,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.10 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the Exchange policies and will be subject to a hold period of four months and a day.

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 128 claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

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

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

Contact:
1220-789 West Pender St
Vancouver, BC, V6C 1H2
+1-604-428-5690
http://www.nevadaenergymetals.com
[email protected]

Tags: #mining, #smallcapstocks, $TSXV
Posted in Nevada Energy Metals, Small Cap Lithium Stocks | Comments Off on Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Pacific North West Capital Corp. Provides Exploration Update For The Lithman North Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 8:24 AM on Monday, November 14th, 2016

Phase One Program of Pegmatite sampling completed on Pacific North West Capital’s Lithium Projects in SE Manitoba, by its 100% owned Lithium Division, Lithium Canada Developments (LCD)
Â Numerous Pegmatites were reviewed and sampled in the field
Â Assay results revealed anomalous REE and Rare Metals, in several localities, on the Project area
Â Recommendation is for a Detailed Field Mapping and Sampling Program for the Spring of 2017, followed by a Summer/Fall Drill Program.

November 14th, 2016 / Vancouver, British Columbia – Pacific North West Capital Corp. (“PFN” the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J) is pleased to announce that its 100% owned subsidiary, Lithium Canada Developments, has received and reviewed the Assays from its 2016 Phase One Field Program on the Lithman North Project. The Project is situated in SE Manitoba, approximately 150 kilometres NE of Winnipeg, Manitoba.

The Lithman North Project is located in the Cat Lake area of the Winnipeg River Pegmatite Field. This Pegmatite field hosts the world-class Tanco Pegmatite, which has been mined at the Tanco Mine Site, since 1969. The mine was a Spodumene (a Lithium mineral) concentrate producer from 1986 to 2009, and a Tantalum mineral concentrate producer until March 2013. The mine presently produces Pollucite from the Tanco Pegmatite, which is used to make Cesium Formate. The Tanco Mine is operated by the Tantalum Mining Corporation of Canada (a division of the Cabot Corporation) and was previously North America’s Largest and Sole Producer of Spodumene, Tantalum and Cesium. The Lithman North Project is located approximately 15 kilometres NE of the Tanco Mine Site. The Project is accessible via an all-weather road transecting the Project area

A total of 56 field samples (See Figure 1) were collected of Surface Exposed Pegmatites, as part of the Phase One Program to Assess the exploration potential of the Pegmatites in the Project area. The work was carried out by the Company’s Consultants, from Manitoba. Pegmatites have been noted on historic government maps (1981 ER80-1 Cerny, Trueman, Ziehike, Goad and Paul) but no indication of past exploration or evaluation of these Pegmatites was available. Field work confirms the existence of more numerous Pegmatites, than indicated in government mapping. A large portion of the project area has Pegmatites and Pegmatitic Granite exposed on the surface. The purpose of the Phase One sampling was to test the chemical and mineralogical nature of the Pegmatites.

Field work revealed evidence for several different Pegmatite Intrusive Events. Numerous Pegmatites were mapped as Albite Pegmatites with strong Mica contents. The Pegmatites ranged from simple to complex in mineralogical composition, and some displayed crude zoning. The area prospected was approximately 2 kilometres by 2 kilometres in size. Assay results for Field GrabSamples showed that several Pegmatite locations were enriched in Total Rare Earth Oxides plus Y (TREO + Y). Thirteen of the 56 samples contained more than 100 ppm TREO + Y. The maximum value was with up to 510 ppm TREO + Y ppm. In addition, assays for several grab samples from Surface Pegmatites returned elevated Rare Metal values of Gallium (up to 87 ppm), Niobium (up to 55 ppm), Tantalum (up to 65 ppm), and Rubidium (up to 494 ppm). Lithium Assays were low, which indicates that Spodumene minerals are not exposed at surface where sampled, but could be present at depth. This low-cost program of Prospecting and Sampling revealed that some of the Pegmatites have a complex minerology, that with more work, could prove to be interesting. Further exploration is recommended.

Click Image To View Full Size

Figure 1: Lithman North 2016 Pegmatite Sample Sites on Government 1980 Geology Map

Surface Sampling of Pegmatites can be a challenging field exercise in the assessment of a Pegmatite, because some Pegmatites are zoned and surface exposure reflects erosion levels. From the field review and Assay results, the Company’s Consultants recommend a Program of Detailed Mapping and Sampling, to be carried out in the Spring of 2017, with a Drill Program to follow. These Pegmatites have never been Drill Tested.

Samples of the Pegmatites were sent to the Activation Laboratories facility in Ancaster, Ontario for Assay Analysis. Samples were prepared using the lab’s Code RX1 procedure, in which samples are crushed up to 95%, passing through a 10 mesh, riffle split and then pulverized with mild steel, to 95%, passing 105 um. Assay Analyses were completed using the lab’s Ultratrace 7 Package. This package includes a Sodium Peroxide Fusion (which allows for a total metal recovery and is effective for the analysis of Sulphides and refractory minerals) and ICP-OES and ICP-MS instrumentation finish. Due to the Reconnaissance and Prospecting nature of the Phase One Program, standards or and blanks were not submitted with the samples. It is recommended, for the Detailed Mapping/Sampling Program and for Drilling, that a QA/QC Program of Standards and Blanks be implemented.

To date, the Company is the Largest Mineral Claim Holder in the Cat Lake-Winnipeg River Pegmatite Field of SE Manitoba. The Company uses a Prospector Generator Model and is currently negotiating Option/Joint Ventures with interested parties, for the Company’s Lithium Projects.

Pacific North West Capital Corp. has two divisions; a Lithium Division and a PGM Division.

About PFN’s Lithium Division

The Company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the Company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals; Lithium, PGMs and Rare Earths, have Robust Macro Trends, with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project, Acquired by the Company (see PFN News Releases: April 25 th , 2016 and May 9 th , 2016). The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba(see PFN News Releases: April 21 st , 2016;May24 th , 2016; June 15 th , 2016; July 5 th , 2016 and July 21 st , 2016). This Pegmatite Field hosts the Giant Tanco Pegmatite Mine that has been mined for Tantalum, Cesium and Spodumene (one of the Primary Lithium Ore Minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to Further Explore this Pegmatite Field.Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal Prices have improved drastically, in recent months. Lithium supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

Click Image To View Full Size

Figure 2: PFN’s (Lithium Canada Dev.) Lithium Projects in Manitoba, Surrounding the Tanco Mine

Figure 3: Company Claim Blocks in the Clayton Valley area of Nevada

(Figure 3 is a Company-made Composite and not intended for redistribution.

The Company accepts no responsibility for the accuracy of these claim blocks, other than the claim block associated with the Clayton Valley Forks Li Project)

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine Processing Operations. The mine has been in operation since 1967 and remains the only Brine-Based Lithium Producer in North America. The New Project Acquisition, in Nevada, provides the Company a Project, in an area that is well known for its Lithium Carbonate Production. Clayton Valley is a Centralized Location in Nevada, with Highway Access, Power Infrastructure, Water and Local Labor.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annualLithium-ion battery production capacity of 35gigawatt-hours per year, by 2020. The CV West Li Project is located approximately 3 hours north of the Faraday Electric Car Factory, to be operated in Las Vegas, Nevada.

Clayton Valley is one of the few locations globally, known to contain Commercial-Grade Lithium-Enriched Brines.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans, for River Valley, are outlined below as follows:

1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies

3.Results for the current (2012) Mineral Resource Estimate are below
4.2015 Drill Program confirms New High Grade T2 Discovery
5.Exploration and Development Plans outlined for 2016
6.Ongoing Strategic Partner Search for River Valley Project
7.Results for the current Mineral Resource Estimate are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the Payable Metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade Potential: particularly in the north part of the River Valley Deposit

8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

- -Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate-Possible New Mineralized Zone at the north end of the River Valley Deposit-Show potential to take the River Valley PGM Project in a New Direction-More drilling required and field crews have completed ground-proofing targets, to better plan Fall and Winter Drill Programs

9. Exploration and Development Plans for 2016:

- -Mineral Prospecting and Geological Mapping on surface: In Progress-Drill Programs targeted to add more, higher grade: Drilling Started October 2016-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results-Ongoing Strategic Partner Search for River Valley

Resources under Evaluation for Development Potential as Open Pit Mining Operation:

Click Image To View Full Size

QUALIFIED PERSON

The contents contained herein, which relate to Exploration Results or Mineral Resources, are based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist, for Pacific North West Capital. Dr. Stone is a Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Tags: #mining, #smallcapstocks, $TSXV, lithium
Posted in Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Pacific North West Capital Corp. Provides Exploration Update For The Lithman North Project, Southeast Manitoba $PFN.ca

Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Posted by AGORACOM-JC at 9:40 AM on Friday, November 11th, 2016

Completed a third joint venture option agreement
Entered into an Option Agreement with LiCo Energy Metals Inc.
property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada

November 11, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed a third joint venture option agreement. The Company has entered into an Option Agreement with LiCo Energy Metals Inc. (“LiCo”) dated November 10, 2016 (the “Agreement”) whereby LiCo can acquire an undivided 70% interest, subject to a 3% Net Smelter Royalty, in the Black Rock Desert Lithium Project. The property consists of 128 placer claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. Reno, a major population center lies 177 kilometers to the southwest. The Agreement is “non-arms’ length” and so constitutes a related party transaction, as the “Company’s” President and CEO is also the President and CEO of LiCo. The agreement is subject to TSX Venture Exchange (the “Exchange”) approval.

COO Tim Fernback States “This Agreement is an exciting milestone for the Company as it is the third time that the Company has successfully optioned out particular interest in one of its properties to further the lithium property project generator business plan.”

Pursuant to the terms of the Agreement, LiCo may exercise the option as follows:

-making a payment of US$20,000 immediately upon execution of this Agreement;-making a payment of US$150,000 upon receipt of the Exchange Approval;-completing the issuance to the Optionor of 4,500,000 fully-paid and non-assessable common shares in the capital of the Optionee as follows: 1,500,000 Consideration Shares upon receipt of the Exchange Approval; 1,500,000 Consideration Shares on or before the one (1) year anniversary of the Agreement Date; and 1,500,000 Consideration Shares on or before the two (2) year anniversary of the Agreement Date; and-incurring an aggregate of $1,250,000 in Exploration Expenditures on the Property on or before the three (3) year anniversary of the Agreement Date.

About the Black Rock Desert Property:

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 128 claims (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

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

Disclaimer for Forward-Looking Information:

Tags: #mining, #smallcapstocks, $TSXV, CSE, lithium
Posted in All Recent Posts, Nevada Energy Metals | Comments Off on Nevada Energy Metals Options Out Third Lithium Project and Furthers its Project Generator Model $BFF.ca

Durango Targets Agricultural & Marijuana Markets $DGO.ca

Posted by AGORACOM-JC at 10:33 AM on Thursday, November 10th, 2016

looking at potential agricultural uses for its limestone located on the northwest coast of British Columbia
Synergy of agricultural limestone and its use as a soil conditioner
Limestone is extremely beneficial for the agricultural industry including the commercial growth marijuana industry

Vancouver, BC / November 10, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of November 1, 2016, it is looking at potential agricultural uses for its limestone located on the northwest coast of British Columbia.

The Mayner’s Fortune property is located approximately 7.5km southwest of Terrace, B.C. and recent logging in the area has benefitted Durango by providing road access to the project. The construction of the logging roads exposed additional limestone at surface over a large area which was not previously mapped in historical reports. The new limestone outcrops were sampled and sent for assay as announced previously on November 1, 2016.

When recently speaking with an individual in the agricultural industry, the synergy of agricultural limestone and its use as a soil conditioner was discussed. The limestone is activated when it meets with water and dissolves into the soil which lowers the acidity and raises the pH which is essential for crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus which improves soil structure, increases rates of air and water infiltration, improves plant cell wall formation and can help to regulate the nutrient uptake through the roots of the plant. Hydroponic systems are more prone to incur a calcium deficiency and require the use of limestone.

Limestone is extremely beneficial for the agricultural industry including the commercial growth marijuana industry. As such, the Company is actively investigating marketing its limestone to these mediums. Commercial marijuana operations are now North America wide, as several states in the USA voted for recreational and medicinal marijuana legislation. (https://www.theguardian.com/us-news/2016/nov/08/state-ballot-initiative-election-results-live-marijuana-death-penalty-healthcare)

Marcy Kiesman, CEO comments: “Durango’s management team is pleased with its decision to diversify its holdings by acquiring alternative green projects which are versatile enough to be used for construction, agricultural use and for additional green-tech solutions. The beneficial chemical properties of agricultural lime can significantly boost the profit potential of farms and can increase fertilizer efficiency up to fifty per cent which is important for crop yield and profitability.”

Click Image To View Full Size

About Durango

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

Tags: #mining, #smallcapstocks, $TSXV, limestone
Posted in All Recent Posts, Durango Resources | Comments Off on Durango Targets Agricultural & Marijuana Markets $DGO.ca

The World of EVâ€™s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 2:45 PM on Wednesday, November 9th, 2016

The World of EVâ€™s Need Massive Supply of High Grade Lithium
Experts say that the amount of lithium being produced in North America will not be enough to meet the growing demand for EVs (electrical vehicles) but that some of problem might/might not be alleviated via recycling,

According to a report from the US EPA: â€œlithium-ion batteries â€œsafeâ€ for disposal in contrast to nickel-cadmium and lead-based battery products.â€

Here is the reason recycling is not happening: the scrap value of lithium is 1/10 the of the value of lead, hence low to no economic gains from lithium battery recycling.

Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but that: It does not make any economic sense to recycle the batteries.

Lithium-ion batteries contain a very small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel.

The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.

Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium.

Due to less demand for lithium and low prices, none of the lithium used in consumer batteries is completely recycled.

There is a growing North America shortage of lithium for EVs (electric vehicles): There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next 5 or 6 years. They will come from auto manufactures in the US, Europe, Japan, China and Korea.

Many in the industry are aware, talking about and working on the problem of providing the high high grade lithium. The investment opportunities abound.

About 70% of the worldâ€™s lithium deposits are concentrated in Argentina, Bolivia and Chile. The US imports over 80% of the lithium it uses.

Japan and South Korea (LG is the worldâ€™s largest producer) have both marked record high numbers of lithium-ion battery exports in H-1 in Y 2016, as auto companies ramp up battery consumption to power new all-electric offerings,

Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan topped 33,500 tonnes in 2-H, up 17% from 2-H of of 2015 and over 31% Y-Y.

Have a terrific week

Source: http://www.livetradingnews.com/world-evs-need-massive-supply-high-grade-lithium-16753.html#.WCN4zcn5GNo

Tags: #mining, #smallcapstocks, $TSXV, clean energy, CSE, green energy
Posted in All Recent Posts, Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on The World of EVâ€™s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

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