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WEEKEND FEATURE: Nevada Energy Metals (BFF: TSX-V) Powering Our Green Future $BFF.ca

Posted by AGORACOM-JC at 5:44 PM on Friday, September 23rd, 2016

TSX-V: BFF, OTC Pink: SSMLF

Why Lithium?

 

  • Major companies such as Sony and Panasonic got behind lithium as an anchor material in a possible successor to the lead-acid battery paradigm.
  • Although it took decades, lithium-based batteries are now the industry standard.
  • Lithium has limited supply and increasing demand.
  • Lithium seems untouched by economic downturns.
  • Lithium prices increased by about 20% in 2014 and by a larger percentage in 2015 when gas, coal and natural gas were down 50%
  • Climate change has lead to the frenzied search for green energy solution
  • Because of its high reactivity, lithium does not occur as a pure element in nature but is contained within minerals in a range of hard rock types or in brine solutions (elements contained in salty water) in salt lakes, “salars.” Lithium’s primary driver for growth is:

Batteries and grid-scale energy storage:

  • Most important use of lithium is in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras, gaming consoles and hundreds of other electronic devices.
  • Lithium-ion batteries are increasingly used for bikes, power tools, forklifts, cranes and other industrial equipment. In essence, lithium powers modern technology.

Benchmark Mineral Intelligence estimates that the

“EV market will grow five-fold between 2015 and 2020 while the market for stationary storage will increase 8-fold.”

We have already seen Tesla increase the land holding of their $5 billion under-construction lithium-ion battery factory and Faraday Future strike a deal to build a $1 billion electric car plant.

Nevada Energy Metals Acquires 100% Ownership in Clayton Valley BFF-1 Lithium Project

  • Announced acquisition of 60 claims in Clayton Valley, Esmeralda County, Nevada
  • 250 meters from Albemarle Corporation’s Silver Peak lithium mine and brine processing operations
  • Also the location of Pure Energy Minerals’ 816,000 metric tonnes Lithium Carbonate Equivalent (LCE) Inferred Resource
  • 3.5 hours away from Tesla’s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020
  • Aannounced that it has agreed to grant 1074654 Nevada Ltd an Option to acquire a seventy (70%) percent interest in the BFF-1 Clayton Valley Property

Nevada Energy Metals Expans Lithium Exploration Potential at San Emidio

Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

Company acquired 160 placer claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Township 13N., Range 43E, Nye County, Nevada.

BSV Property:

Big Smokey Valley is situated in central Nevada. It begins at a point 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley to the west of Tonopah. Hydrologically and topographically the valley is divided into northern and southern sections by a physiographic high near the mining community of Round Mountain. The northern section, where the claims area is located contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs.

Projects

  • Acquired, by staking, 100 placer claims covering 2000 acres (809 hectares) at Teels Marsh, Nevada.
  • Property, called Teels Marsh West is highly prospective for Lithium brines and is located approximately 48 miles northwest of Clayton Valley and the Rockwood Lithium Mine, North America’s only producing brine based Lithium mine supporting lithium production since 1967.
  • Access to Teels Marsh is via dirt road, west of Highway 95 and northwest of Highway 360.
  • Completed an orientation survey
  • Collected twenty-seven shallow auger sediment samples
  • Lithium values ranged from 8.9 to 104.5 ppm. The two best results (93.2 and 104.5) were obtained downstream of thermal springs on the western part of the property

Teels Marsh West is a highly prospective Lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation pond, or playa (also known as a salar). Structural analysis reveals that Teels Marsh is bounded by faults and is tectonically active. Tectonic activities supply additional local permeability that could be provided by the faults that bound the graben and sub-basins.

  • Located 12 km (7.5 miles) northeast of Albemarle Corporation’s (formerly Rockwood Lithium),Silver Peaksolar evaporation ponds. Silver Peak is the only producing brine-based lithium facility in North America.
  • 60-40 earn-in joint venture with Dajin Resources Corp.
  • In addition to its proximity to Silver Peak, the property is 20 km (12.5 miles) east-northeast of Pure Energy Minerals’ Clayton Valley exploration project.
  • Preliminary data from ongoing exploration activities on the property, suggest that Alkali Lake could be situated on one of the most prospective areas in the entire basin.
  • Lithium assay results from sediment sampling carried out on the Alkali Lake property confirmed the presence of near-surface lithium at grades ranging from 73 ppm to 382 ppm.

  • Early stage exploration property, located in the northern foothills of the Alaska Range, which contains VMS (volcanogenic massive sulfide) mineralization.
  • Property is located in the east portion of the Bonnifield Mining District, central Alaska, approximately 60 mi (96 km) south of Fairbanks, Alaska (Figure 1).
  • Property consists of 36 quarter-section State of Alaska mining claims (Galleon 1-36; Appendix 1) held by Anglo Alaska Gold Corporation (AAGC). Rock Star Resources Inc (RSRI) holds the rights to a 100% earn-in interest under an agreement with AAGC to pay for exploration and make required payments.
  • Access to the Property currently is only by helicopter, or by trail from a nearby airstrip, however, strong potential exists for future development of a road connecting the Property with an existing mine road system to the west.
  • The claims are subject to a 3% Net Production Royalty to the State of Alaska beginning 3.5 years after mine start-up. All claims comprising the Galleon Property are in good standing at the time of this writing.

Energy metal markets are booming

The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.

And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones, tablets, laptops, and other consumer electronics demand more lithium. But the largest driver for future lithium use will be in electric vehicles and home batteries for solar panels. That has lithium on the verge a boom for which supply can no longer be taken for granted.

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Demand for gold could turn red hot thanks to the war on cash $EXS.ca $AMK.ca

Posted by AGORACOM-JC at 3:34 PM on Friday, September 23rd, 2016

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  • Consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent
  • With the five-year Treasury yielding 1.19 percent, government bond investors are now receiving a negative real rate of return (because 1.19 minus 2.3 comes out to negative 1.11 percent
  • This is highly constructive for the price of gold
Sep. 20, 2016, 6:48 PM

The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent. With the five-year Treasury yielding 1.19 percent, government bond investors are now receiving a negative real rate of return (because 1.19 minus 2.3 comes out to negative 1.11 percent).

This is highly constructive for the price of gold. As I’ve discussed many times before, the yellow metal has benefited when real rates have fallen below zero. This was the case in September 2011 when gold hit its all-time high of $1,900 per ounce. And last year around this time, the opposite was true—positive real rates were a drag on gold.

Although gold sunk to a two-week low on a strong U.S. dollar and fears over this week’s Federal Reserve meeting, the drivers are firmly in place to push prices higher.

Maybe you’ve heard that a new book out right now is planting propaganda voice in the war on cash. In “The Curse of Cash,” Harvard economics professor Kenneth Rogoff makes the case that nixing paper money—at the very least, larger-denominated bills—“could help more than you might think” in combating criminal activities such as drug trafficking, corruption, extortion and money laundering. It could even prevent the spread of terrorism and discourage illegal immigration, Rogoff argues.

It gets even worse. Central banks, he adds, should have the latitude to drop interest rates below zero during recessions to spur spending. If the Federal Reserve tried this now, of course, many people would likely convert their savings into paper—which at least yields 0 percent—and hoard it in bedroom safes. This is precisely what many Germans have reportedly done, prompting safe manufacturers to scramble to meet demand

But in a world where nothing larger than a $10 bill exists, hoarding cash would be highly impractical. Better to buy that new boat you don’t need!

While we all agree that corruption and terrorism are things that should be stopped, killing cash is the absolute wrong way to go about it.

Instead, perhaps Rogoff should consider “The Curse of No Cash.” Does he not recall what happened in Cyprus just three years ago? The government ransacked citizens’ bank accounts to “fix” its own mistakes and mismanagement. In example after example, people’s rights to save and freely hold cash have been disrupted, with tragic results.

I’ve written about this topic before. In a cashless society, your economic liberty is forever at risk. Every transaction could be monitored, taxed and charged a fee. Capital controls would be crippling, assets could be seized. Just ask the Colombians and Venezuelans

I’m not the only one who disagrees with the ideas in Rogoff’s polemic against money. As of this writing, nearly three quarters of Amazon customers have given the book a rating of two or fewer stars. And in a scathing Wall Street Journal op-ed, respected financial writer James Grant strips away the book’s “technical pretense” to uncover its true motive. Rogoff, he writes, “wants the government to control your money,” which is the extreme form of Keynesian economics.

Gold Has Shined Brightly During Currency Crises

There’s one area where Rogoff and I both agree, though. “As paper currency is phased out,” he writes, “gold prices will rise.” Were cash eliminated and interest rates plunged underwater, gold’s role as a store of value would become even more apparent and demand for the yellow metal would turn red hot, despite its price appreciation.

This has been the case in countless past examples. Rogoff himself cites Indians’ longstanding love of and cultural affinity to gold jewelry as protection against currency uncertainty. For centuries, inhabitants of the Indian subcontinent saw continuous regime change, not to mention imperialist rule by various European forces. During all this time, the one stable and widely accepted currency was gold.

gold2US Global Investors

The tradition carries on today. A third of Indian gold jewelry demand comes from rural farmers, who annually convert a portion of their crop revenues into the yellow metal. Whether this gold is stored or given to a female family member, perhaps a daughter, before her wedding day, its purpose is twofold: one, as a beautiful heirloom to be worn and passed down to the next generation, and two, as a form of financial security.

It’s estimated that Indian households currently holdmore than 20,000 tonnes of gold. To put that in perspective, 20,000 tonnes is more than the official gold holdings of the U.S., Germany, Italy, France, China and Russia combined.

With speculation strong that a rupee devaluation is imminent, it makes just as much sense now as ever for Indians to have at least some of their wealth in gold. When the rupee unexpectedly dipped to record lows in August 2013, the wealth that prudent Indians had stored in the precious metal was, for the time being, safe.

gold3US Global Investors

Although there’s little fear right now that the U.S. dollar is in trouble, I still recommend that investors maintain a 10 percent weighting in gold—5 percent in gold stocks, 5 percent in gold coins and jewelry.

Is Chicago Next to Declare Bankruptcy?

It’s not just Indian investors who should be aware of currency fluctuations and imbalances in monetary and fiscal policy. These can happen right here in our own backyards, and investors who aren’t paying attention—specifically municipal bond investors—could pay a steep price.

In the past few years, we’ve seen how financial mismanagement can bring calamity to state and local economies, the most notable example being Detroit’s $18 billion bankruptcy in July 2013, the largest in U.S. history. Right now, the U.S. territory of Puerto Rico is in dire financial straits, owing some $70 billion, more than any state government except California and New York.

And then there’s Chicago, which is looking at $170 billion in unfunded pensions and other costs.

This came to my attention earlier this month when I visited Chicago to attend the Morningstar ETF Conference. While there, I had the opportunity to speak to several locals, who shared with me their frustration of high local tax rates—some of the highest in the country.

Taxes are high, they said, mainly because of outrageous pensions for public and union workers. Entitlement spending has exploded. Now, Chicago, which has the lowest credit rating of any major U.S. city, is edging scarily close to bankruptcy.

Unfortunately, it isn’t hard to see why. For starters, the state has one of the most highly unionized workforces in the country, compared to the national average.

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US Global Investors

And instead of reining in costs, state and city officials continue to add to the pile of debt. The Land of Lincoln already has the least funded retirement system in the country, according to Bloomberg, and is on track to end the year $7.8 billion in the hole.

Lawmakers and other government workers are among the highest paid in the nation and enjoy “Cadillac” health care benefits and pensions. It’s not uncommon for them to retire in their 50s. TheIllinois Policy Institute estimates that the total annual operating cost for each state lawmaker—including salary, insurance and the like—stands at more than $100,000, with private taxpayers footing most of the bill.

“It’s like we work for the government,” one Chicagoan told me. “Everything we make goes to their pensions.”

Conveniently, the state constitution includes a clause that forbids any reduction of public pensions.

For these reasons, Illinois is saddled with some of the highest income and corporate taxes in the United States. Chicago’s sales tax is the highest of any major U.S. city. Despite the revenue this generates, it doesn’t come close to touching what’s been promised.

Look at the chart below. Between 2000 and 2015, Illinois tax revenue increased 57 percent. That’s a significant jump. But over the same period, state-employee insurance and pension benefits skyrocketed—166 and 586 percent respectively—while essential services such as higher education suffered.

gold5US Global Investors

What this means is very little of taxpayers’ money is going toward anything tangible—new schools, new hospitals, new wastewater treatment plants. Nothing that provides jobs or has a multiple effect is being produced.

We’re already seeing serious consequences as a result of the state and city’s fiscal woes. In a recent study of jobs market competitiveness, CareerBuilder found that Chicago is the least competitive metropolitan area in the U.S. in terms of jobs growth. Between 2014 and 2015, the Windy City’s rate of adding jobs was far short of the national average.

Because of this—among other reasons, including crime, unemployment and political infighting—Chicago had the largest population loss of any metro in the U.S last year (6,263). Meanwhile, Illinois was one of only seven states to see a net decline (22,194).

And where are these people going? Where the jobs are, of course. I always say that money flows where it’s most respected. People behave the same way.

It’s no wonder, then, that the state that attracts the most Illinois expats is Texas, according to the Chicago Tribune. This falls in line with what I wrote just a couple of weeks ago. Between 2014 and 2015, Texas added more residents than any other state because of its strong economy, abundance of jobs and low taxes. CareerBuilder’s jobs study, I should point out, rated Dallas as the most competitive city. And within the next eight to 10 years, Houston is expected to surpass Chicago to become the nation’s third largest city by population.

I’m not saying this to beat up on Chicago, but to emphasize my earlier point about being aware and prepared—especially, in this case, when it comes to municipal bond investing. Many passive muni funds might hold Chicago debt because it’s high-yielding. But those yields could come at a huge cost. Three years ago, bondholders of Detroit’s bad debt learned the hard way that, in the event of a default, pensioners get paid first, investors last—or worse, not at all.

As active managers we’re well aware of this. We sincerely hope Chicago can straighten out its balance sheet, but in the meantime, we feel it’s not a space to be a buyer right now. Instead, we seek to invest primarily in high-quality, short-term munis.

Source: http://www.businessinsider.com/war-on-cash-could-increase-gold-demand-2016-9

 

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Pacific North West Capital Corp. Appoints Veteran Geologist and International Business Man Vice-President, Business Development $PFN.ca

Posted by AGORACOM-JC at 9:10 AM on Friday, September 23rd, 2016

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  • Appointment of Trevor Richardson, as Vice-President, Business Development.
  • Trevor is a Co-founder and Director of Caracle Creek International Consulting (CCIC), an International Geological consulting firm, with offices in South Africa and Canada

Vancouver, B.C., Canada / September 23, 2016 – PFN would like to announce the appointment of Trevor Richardson, as Vice-President, Business Development. Trevor is a Co-founder and Director of Caracle Creek International Consulting (CCIC), an International Geological consulting firm, with offices in South Africa and Canada. Trevor has extensive exploration experience, in Africa and Canada, in precious metals, more specifically Gold and Platinum Group Metals as well as base metals. Registered as a Professional Natural Scientist, under the South African Council of Natural Scientific Professions, Trevor has managed many multi-million dollar projects from conception through to exploration and production. Trevor was also the co-founder, CEO, President and Vice President/Director of various junior exploration companies on TSXV.

Harry Barr, Chairman and CEO comments; “We are very pleased to welcome Trevor Richardson to the Pacific North West Capital Team. Trevor’s experience as a Geologist, Platinum Group Metals Expert and International businessman, will add considerably to the company’s expertise. The fact that Trevor has developed projects from conception, through to exploration and production, as well as managing public companies, will add significantly to our the PFN Team’s experience.”

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. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 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

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent 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

-Resources under Evaluation for Development Potential, as Open Pit Mining Operation

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  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target:

-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

-Additional Drilling is slated for mid-October, 2016


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  1. 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 Slated for Fall 2016

-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley


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Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s new 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 (PFN News Releases April 25th, 2016, May 11th, 2016 and June 16th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically 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 PGMs, 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.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 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 labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-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.

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 Northwest Capital. 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,

“Harry Barr”

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.

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FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 10:42 AM on Thursday, September 22nd, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

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Durango Provides Detailed Information On Lithium Exploration Program, Identifies Three Distinct Pegmatite Intrusions $DGO.ca

Posted by AGORACOM-JC at 10:47 AM on Wednesday, September 21st, 2016

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  • Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
  • Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
  • 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta

Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.

Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.

Summary of Assays

Typical LCT (lithium-cesium-tantalum) pegmatites are marked by prominent accumulation of Li, Cs and Ta (sometimes with Rb and other elements), which are exhibited to an anomalous degree in the pegmatite assays returned from the NMX East property.

Out of a total of 79 samples taken at NMX East, 47 samples were taken from pegmatite outcrops. Out of this group of pegmatite samples: 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta. Summary and ranges of anomalous results are summarized in Table 1. Assays are shown against pegmatite outcrops in Figure 1.

Table 1: Pegmatite Grab Sampling Highlights

Sample Easting Northing Li2O (ppm) Cs (ppm) Ta (ppm) Rb (ppm)
1008111 443,957 5,725,198 669 24.3 0.8 276
1008119 443,676 5,724,973 323 27.7 40.7 846
1008116 443,753 5,724,983 301 33.5 12.6 1405
1008114 443,771 5,725,022 280 16.4 51.2 738
1008115 443,764 5,725,014 194 24.2 77.1 1015
1008158 444,450 5,717,722 194 50.3 34.5 530
1008112 443,802 5,725,041 172 14.7 30.3 679
1008152 442,962 5,717,112 151 14.1 14.5 52.4
1008118 443,700 5,724,988 86 83.6 4.7 2140
1008175 444,391 5,727,079 86 29.8 47.4 1165
1008113 443,790 5,725,031 65 77.4 1.6 1895
1008122 443,742 5,724,940 65 53.1 3.7 1925

* All coordinates are NAD83 UTM Zone 18N

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.


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Figure 1: Pegmatite sample map illustrating Li2O Results.

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Interpretation of Lithium, Cesium, Tantalum, and Rubidium Anomalies

Results from the exploration program at NMX East clearly indicate the presence of three distinct pegmatite intrusions which exhibit significant lithium, cesium, tantalum, and rubidium anomalies. One intrusion occurs on the property’s East Block, while two intrusions occur on the South Block.

The Nemiscau Region exhibits a markedly limited amount of bedrock exposure, which produces a very challenging environment for surface sampling. On average, there is approximately less than 5% exposure on the NMX East property and a large portion of the surrounding region. Evidence suggests that the majority of pegmatite bodies in the Nemiscau Region are obscured beneath the glacial diamict which blankets the region. Nemaska Lithium Inc.’s recent drilling results also report mineralized intercepts as deep as 500 metres below surface (2). As such, Durango’s geological team suspects the three viable lithium-bearing LCT pegmatites, which occur at surface on Durango’s NMX East property, may represent smaller exposures of potentially much larger intrusions which may continue both at depth, laterally, and along strike.

Furthermore, most LCT pegmatites exhibit concentric zonation, particularly of spodumene (Li), pollucite (Ce), columbite-tantalite (Ta), and beryl (Be) mineralization. This mineralization is typically concentrated in the core margin to core zone of the pegmatite intrusion, with dilute quantities in the intermediate zone. This zonation is illustrated in Figure 2.


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Figure 2: Zonation in an idealized LCT (lithium-cesium-tantalum) pegmatite intrusion. (USGS Open File Report 2013-1008)

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Durango’s geological team therefore interprets these moderate lithium, cesium, tantalum, and strong rubidium anomalies at surface to be a potential indication of significant spodumene mineralization at depth. The next steps at NMX East will include extensive stripping and/or drilling of these mapped pegmatite intrusions in order to determine the real nature and extent of the intrusive bodies.

Marcy Kiesman, CEO of Durango, comments, “The results from this campaign indicate the existence of three newly-discovered LCT pegmatite intrusions on the NMX East property and serve as an excellent first step in the progression of the project. Lithium-bearing pegmatites are a complex deposit type, considering the zonation and nature of mineralization within the intrusions and the challenging region in which they choose to manifest. Durango is exceptionally pleased to have discovered three distinct LCT pegmatite intrusions on the property and plans to explore these targets further in the coming exploration season, by means of stripping and drilling.”

All samples were grab samples and were analyzed by ALS Minerals, Val-d’Or (Quebec). The analytical methods used correspond to ALS codes ME-MS81 and Be-ICP81.

The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.

References

  1. (1)Bradley, D., McCauley, A. (2013). A preliminary deposit model for Lithium-Cesium-Tantalum (LCT) Pegmatites. USGS Open File Report 2013-1008.
  2. (2)Nemaska Lithium (TSE: NMX) news release, September 6, 2016.

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 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.

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Pacific North West Capital Corp. Appoints Veteran PGM Geologist to Advisory Board $PFN.ca

Posted by AGORACOM-JC at 10:09 AM on Wednesday, September 21st, 2016

Ron Hieber is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981. In 1986 he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programmes for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital.

At the time he retired, he was a Director of several Anglo Platinum subsidiaries, including Unki Platinum Ltd. (Zimbabwe) and Rustenburg Platinum Mines Ltd. From 2009, Ron worked as Executive Director: Business Development for Kameni Ltd., which had PGM interests, in the Eastern Bushveld and Zimbabwe. After selling its projects, Kameni closed and Mr. Hieber now runs his own company, with interests in South African and Zimbabwean Gold projects.

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. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 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

  1. 3.Results for the current (2012) Mineral Resource Estimate are below
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent 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

      -Resources under Evaluation for Development Potential, as Open Pit Mining Operation

CX
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  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target:
    • -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

      -Additional Drilling is slated for mid-October, 2016


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  1. 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 Slated for Fall 2016

    -Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

    -Ongoing Strategic Partner Search for River Valley


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Figure 1: Geological map showing the location of the PGM Exploration Property, acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

About PFN’s Lithium Division

The Company’s new 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 (PFN News Releases April 25th, 2016, May 11th, 2016 and June 16th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically 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 PGMs, 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.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.


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PFN’s 5 New Lithium Projects in Manitoba, Surrounding Tanco Mine


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Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 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 labour.

The company’s new Lithium Brine Project will be approximately 3.5 hours away from Tesla’s Gigafactory, which has a planned annual Lithium-ion battery production capacity of 35 gigawatt-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.

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 Northwest Capital. 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,

“Harry Barr”

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.

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Sudbury Accent: Slump easing for exploration company $PFN.ca

Posted by AGORACOM-JC at 12:37 PM on Tuesday, September 20th, 2016

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Gino Donato/Sudbury Star Harry Barr, chairman and CEO of Pacific North West Capital Corp., at the company’s River Valley PGM deposit in River Valley, east of Sudbury.

Harry Barr is convinced there is a big find east of Sudbury

Say you’re a barber who runs your own shop, and you haven’t had a customer in your chair for five years. You may be tempted to give up, to literally throw in the towel, even enter another line of work. But you hang in there.

Finally, after a half-decade of inactivity, customers begin to return, slowly at first, but growing in number as word spreads you’re back and in business, and offering a good product.

Harry Barr used that analogy this week at a town hall meeting in Sudbury intended to drum up interest in Pacific North West Capital Corp.’s River Valley Platinum Group Metal Project.

After a brutal five-year period, in which low commodity prices spooked investors away from sinking money into mineral exploration, interest in the River Valley project began to grow again.

The presentation at the Holiday Inn, hosted by Barr, capped off two days of tours in which 30 or more people toured the River Valley property and visited the core shed for the project 100 kilometres northeast of Sudbury

Barr is president and chief executive officer of Pacific North West Capital, which has undergone a name change to New Age Metals Inc., a change that hasn’t really caught on yet.

Barr greeted everyone arriving at the Sudbury session in person, shaking hands, welcoming them and using the barbershop metaphor to describe how difficult it has been to attract investors to the River Valley project in the last five years.

When giant miners around the globe were feeling the crunch, juniors such as Pacific North West were barely hanging on by their fingernails.

Still, from the spring of 2011 and for the next five years, Barr continued to knock on the doors of people who might be persuaded to invest in what he believes is the next big mineral find.

Barr is bullish on the River Valley project, which is rich in platinum group metals. Platinum, palladium, gold and other precious metals are a byproduct of mining operations in Sudbury, particularly the deeper underground they go. But River Valley would be only the second primary PGM mine in Canada, after North American Palladium Ltd.’s Lac des Iles Mine near Thunder Bay.

With many of the world’s most powerful nations “broke”, Barr is banking on the price of gold rising and, along with it, the price of precious metals such as platinum and palladium.

Combine that with a deficit in demand versus supply of palladium and the fact one of the largest uses of PGMs is in the manufacture of catalytic converters in automobiles. Barr said, globally, automotive sales are forecast to triple — from 20 million in 2015 to 60 million in 2024 — so the market for PGMs looks bright.

The River Valley deposit has 2.5 million ounces of platinum group metals in measured and indicated resources.

As well as a forecasted demand, Barr explains the River Valley PGM Project is ideally situated. Part of the deposit is above ground or not far below surface so it could start as an open-pit operation. It’s located close to Sudbury where two mining giants have smelters to which a PGM miner could ship concentrate. The 20-kilometre-long property is accessible by road, and there is power and rail infrastructure nearby.

Perhaps most importantly, the deposit is located in an area that is politically stable, unlike some of the other places in the world where PGMs are mined.

About $30 million has been invested in exploration, drilling and geological interpretation of the project since it was discovered in 2000. That discovery triggered one of the largest rush of stake claims in Canadian history in the area, said Barr. Dozens of companies were out looking for PGMs.

In the short-term, Barr is looking to start a second phase of drilling this fall at a cost of $500,000. His company is considering five estimates. The cost to drill has plummeted because companies are desperate for work during the mining slump.

In the longer term, it will require $5 million to complete the second phase of delineation drilling and upgrade mineral resource estimates; undertake a first phase drill test of structural targets for high grade mineralization; and carry out a second phase of metallurgical test work.

Part of the longer-term work is undertaking a preliminary economic assessment (PEA), formerly known as scoping.

The company’s short-term finance strategy is to raise capital in the market, but it is looking to secure a strategic partner for the long term.

To a degree, Barr is selling investors on the force of his own personality. At age 61, Barr has been in exploration and mining since he was 23 when an uncle bought a gold mine in Colombia and sent him to run it. He returned to Canada smitten with the industry and has worked in it ever since.

Barr has created, bought and sold several companies in the ensuing decades and is proud to say every one of them remains in business.

A self-described promoter and storyteller, Barr said he didn’t like being called a mining promoter in the early days “because it just didn’t sound right. But the truth is, under the legal definition of what I am in practice and in our yearly documents, I am a defined promoter of the company under the securities law,” he said.

Years ago, an elderly man asked Barr: “When you look in the mirror in the morning, do you see a good promoter or a bad promoter, and I wondered what the hell he was talking about.

“But, then you say, ‘What’s your title?’ Well, it’s the CEO. ‘Is the CEO a promoter?’ I would think so.”

Barr doesn’t just sell the idea to potential investors. “What I try to do is get everyone underneath me, right to the IT guy, to be the promoter too. And that is difficult. It’s leadership, it’s management.”

Managing a company with such long-term projects has forced Barr to be creative and organized. Every week, he has a plan and an agenda to move projects forward, focusing his small employee group, many working part-time, on the company mission.

Pacific North West went from a large operation, with dozens and dozens of employees five years ago, to the virtual offices of employees such as North Bay geologist and entrepreneur Trevor Richardson, a business developer for the company. Barr jokes that while he is CEO, he does everything for the company now, even acting as janitor.

He has also cut back from the four companies he owned a year ago, selling two and keeping two.

Pacific North West formed a lithium division this year. Lithium is in increasing demand for electric cars and energy storage. Barr explained at the Sudbury meeting that people buying into River Valley are getting a two-for-one deal as they are also buying into the lithium division.

Despite buying and selling several companies, Barr prides himself on the fact he has had the same phone number and fax number for 31 years “so that’s important.”

Barr reviewed his industry background before telling the Sudbury audience it should look for certain qualities in a CEO of a junior exploration company.

Barr grew up on a family farm in the Ottawa Valley near Refrew, an operation his brother still runs. He attended Guelph University and studied agri-business, but got into real estate out of school.

He was doing well when his “crazy old uncle” bought the Colombia gold mine and Barr thought: “I’d like to run that.”

After being bitten by the gold bug, he moved to British Columbia in 1985 to start his first company. Again, he expresses pride it still operates today.

“So, I don’t give up on anything,” Barr said this week on a tour of the River Valley property. “I guess that’s one of the hard-headed things you get from being a farm boy.”

A key quality of a good CEO for an exploration company that person’s willingness to “put skin in the game.”

Barr believes in River Valley so strongly he has invested $3 million of his own money in it, demonstrating his confidence in what he is promoting.

Drill holes have shown rich mineralization along the “strike” of the River Valley Property. Pacific North West recently bought another four kilometres, giving it 20 kilometres of mineralization.

Barr believes the mining industry is starting an up cycle, and the juniors will make a comeback when “the big guys” do.

The last five years have been a “fear cycle”, but Barr believes the industry is heading into a “greed cycle” again.

Another important quality in a junior miner CEO is experience. Barr has that in spades. So does colleague Bill Stone, a long-time geologist and researcher who is principal consulting geologist with Pacific North West.

On the ride to the River Valley project, Barr asks passengers to imagine the strip of land to the right of the two-lane blacktop as it would be seen from a helicopter.

“We actually have a potential new mining district here,” said Barr, a district in which several mines could potentially operate. His company has a mining lease on River Valley, the new version of patented ground, with the Government of Ontario, and it can be renewed every 21 years “if we’re good citizens.”

Barr isn’t asking potential investors to just rely on his say-so about the mineralization of the property. He’s got plenty of science and core samples to back up his claims.

Since the $6-billion Bre-X gold mine fraud in the mid-1990s, there is a new system to evaluate mineral reserves in Canada. As well, 10 per cent of core samples must be sent to an independent laboratory to ensure those findings match those of the company’s.

Barr estimates $30 million has been invested in River Valley so far, $20 million of that drilling more than 600 core samples.

In the next six to 12 months, Barr and business development officer Alastair McIntyre are looking to find “that big partner, show him what we’ve done, the one that needs that long-term vision of platinum group metals and the right mining jurisdiction” and other factors going for River Valley.

The money needed wouldn’t be huge for a major miner, but for the last several years, “they all turned their minds away from it,” said Barr. “Now they’re just starting to look that way,” said Barr of River Valley.

McIntyre explained that exploration companies that “put things into production” have often found themselves in trouble. “So the expectation is just to find a venture partner to help us get to the point where it can get to production. At that point, we step back,” said McIntyre, who is also a geologist.

Barr said they can help joint venture partners to a certain extent. “We are explorers. We are the first guys in, like the wildcatters in oil.”

He believes River Valley is three to five years away from operation based on financing “and all the rest of it.”

His company has been in talks with neighbouring Temagami First Nations, with assistance from the Government of Ontario, and Barr said members “get” the importance of mining because many of them have worked in Sudbury’s mines.

“Temagami has been on the list since Day 1,” said Stone. Pacific North West has a memorandum of understanding with the first nation and is looking to government for advice about other first nations with whom it should consult.

The company’s goal is raise $2 million to $3 million this year. It expects to do that by highlighting for potential investors the attributes of River Valley. Existing infrastructure is a huge one, said Stone.

“This is not in the Arctic, it is not remote, it’s not a multi-billion dollar huge cap-ex project, right? It’s right next door and we’ve been here all this time. It’s easy to get to, it sticks out of the ground, it has good grades, it’s a mining friendly jurisdiction.”

The project has a lot going for it and the goal of this week’s efforts was to raise the profile of River Valley.

Said Barr of the River Valley Platinum Group Metal Project: “You’ve got to have faith, you’ve got to believe. Mines aren’t just built, they’re promoted until they’re into production.”

[email protected]

Source: http://www.thesudburystar.com/2016/09/17/sudbury-accent-slump-easing-for-exploration-company

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Durango Discovers Lithium Bearing Pegmatites Near Nemaska, Quebec $DGO.ca

Posted by AGORACOM-JC at 10:33 AM on Tuesday, September 20th, 2016

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  • lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project
  • Anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery

Vancouver, BC / September 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 13, 2016, lithium bearing pegmatites were discovered on its property that is adjacent to Nemaska Lithium Inc.’s (TSX-NMX) Whabouchi Project.

Durango’s anomalous lithium assays were grabbed from surface exposed pegmatites outcrops identified by high definition satellite imagery. No trenching or blasting was completed on the first phase reconnaissance program which took place in August 2016, as the scope of the program was limited to identifying pegmatites and sampling for lithium values.

Durango has discovered anomalous lithium bearing pegmatites sampled by a simple grab sample. From all the pegmatites discovered and sampled, 25 returned anomalous lithium values ranging from 50 to 320 ppm or 0.032%Li.

Exploration on Nemaksa Lithium’s claims has been ongoing since 1962 and has been worked on by various companies over the years. Nemaska Lithium is the eighth company to work the block of claims and began their work in 2009 by property visits and grab sampling. According to the Nemaska Lithium’s 43-101 report, Canico completed the first work in the area in 1962-63 and drilled 5 holes with the best result being 1.44% Li2O over 83.2m. Forty years later (2002), Inco tested the same pegmatite while exploring for Tantalum with results up to 0.026% Ta over 1 m in a channel sample. The lithium results returned by Inco ranged from 0.14%Li to 1.73% Li over a 1 m channel on the same spodumene-bearing pegmatite.*

Durango’s pegmatites with the lithium results can be easily accessed to trench and blast, or possibly commence drilling, to determine the extent of the pegmatites and to obtain fresh rock samples (not exposed to weathering and erosion) to determine Li content. Cesium levels ranged up to 80.9ppm, tantalum levels up to 77.1ppm and rubidium up to 2140 ppm which is typical of LCT (lithium, cesium tantalum) pegmatites. Pegmatites exploited for lithium are usually of the LCT type.

Marcy Kiesman, CEO of Durango comments: “Durango is highly encouraged by the geological discovery of the lithium-bearing pegmatites so proximal to the Whabouchi project. This discovery has greatly increased our odds of hosting a LCT (Lithium, Cesium, Tantalum) type deposit adjacent to Nemaska Lithium Inc. As such, Durango has asked Donald Theberge to prepare a report with phase two exploration program recommendations which will be announced as soon as it is available.”

The technical contents of this release were approved by Mr. Donald Theberge, PEng., MBA, a qualified person as defined by National Instrument 43-101. The property has not been subject of a National Instrument 43-101 report.

*Nemaska Exploration Inc. NI 43-101 Technical Report – Whabouchi Property, October 2, 2009, by Donald Theberge, Eng., MBA, p.8, p.17

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 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.

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Nevada Energy Metals Inc. Clayton Valley BFF-1 Project Update $BFF.ca

Posted by AGORACOM-JC at 9:22 AM on Tuesday, September 20th, 2016

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  • American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property.

September 20, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to report that American Lithium Corp (TSX-V: LI), the Optionee of the Company’s Clayton Valley BFF-1 Project “the Project”, has advised the Company that the BLM has approved a Notice of Intent describing proposed locations for up to 6 sonic drill holes on the property. Sonic drilling is capable of reaching a depth of 500 feet and is used for determining the characteristics and orientation of subsurface playa sediments. The ultimate goal of this program is to confirm the presence of a fine grained green sand and silt logged as volcanic ash in previous drilling on the property. This horizon is thought to be correlative to the Main Ash Aquifer on the adjacent Albermare/Rockwood lithium producing property. (ref. Geology and Conceptual Modeling of the Silver Peak Geothermal Prospect, Esmeralda County, Nevada; Jeffrey B. Hulen, PG, 2008)

American Lithium Corp. holds the right to acquire up to a 70% interest in and to the Clayton Valley BFF-1 Project by making staged cash payments in the amount of USD$275,000, issuing 1,200,000 million common shares of American Lithium Corp in three tranches and incurring USD$1,000,000 in exploration expenses on or before the third anniversary date of the agreement.

Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are delighted to have American Lithium Corp. as our partner with which to advance the Clayton Valley BFF-1 property. The Project covers an area similar to the structural and geologic settings at Albemarle’s Silver Peak lithium-brine operation, the border of which, lies only two hundred meters to the south east. We look forward to an exciting exploration program in the months ahead.”

About the Clayton Valley Project:

The Clayton Valley BFF-1 Project is an early-stage lithium brine prospect in Esmeralda County, Nevada. A total of 77 placer claims encompassing an area of approximately 623 ha (1,540 acres) on the north-western side of the original Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak Range front on the west and by an outlier of Paleozoic rocks known as Goat Island on the east. The exploration concept is that the graben is a sub-basin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.

The Clayton Valley BFF-1 NI 43-101 Technical Report by Alan Morris, CPG, QP, states ” The property has strong potential to host lithium brine deposits in favorable geologic horizons within the basin fill. Another possible target is lithium enriched clay within the fill package and potentially in previous high stands of the playa.” (April, 2016)

Geologic and geophysical mapping conducted for geothermal exploration and documented by Hulen (2008) indicates previously unrecognized, deep graben lying between the Silver Peak range front and outcrops of Paleozoic rocks at Goat Island and Alcatraz Island. This area was their target zone for a deep circulating geothermal system they hoped to exploit for geothermal power. This graben is the main target for lithium brine as it may represent a separate sub-basin in Clayton Valley that holds brines not subject to pumping by production wells on the east side of the main valley. Exposed mineralization is confined to salt crust on the playa surface and other locations in the valley.

Western Geothermal Partners drilled a 120 meter (400 foot) geothermal gradient test well in 2006 on what is now the Clayton Valley BFF-1 Project. Bottom hole temperature was 50C (122F) which showed moderate potential for geothermal power. Of significance, the well encountered a 25-foot-thick zone of volcanic ash reportedly similar to the Main Ash Aquifer in the Clayton Valley lithium operation. The presence of any felsic ash in this hole is significant in light of that, it is the presumed source for at least some of the lithium in the brines (Price et al, 2000).

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 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert Lithium Project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometers/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa. Of the seven characteristics favourable for the formation of a lithium brine deposit as outlined in the U.S. Geological Survey deposit model, all seven are found in Dixie Valley. The lithium deposit model for Dixie Valley is a Clayton Valley-style brine deposit.

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.

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AGORACOM Welcomes Back Pacific North West Capital (PFN: TSX-V) A Leader in Both PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 2:54 PM on Friday, September 16th, 2016

PACIFIC NORTH WEST CAPITAL CORP.

(PFN:TSX-V)

Two Divisions: PGM and Lithium

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources. New Discovery in 2015. Summer Surface Exploration ongoing and a Fall 2016 drill program to follow-up.
  • Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

The company recently completed 2/3 of its C$1.5 million placement in June 2016 and is currently placing approximately C$500,000 at C5.5 cents with a full two year warrant at C10 cents for the first year and C20 cents for the second year

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy
  • High Grade Drill Hole Discovery March 2015

Mineral Resources – Project has had Five, 43-101 Reports

 

  • May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
  • May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
  • May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
  • May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
  • (see www.PFNCapital.com for Details and Notes on the Resource Estimate)
  • Mineral Resources covered by Mining Leases (21-year Renewable Term)
  • Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
  • No Deleterious Metals or Minerals

August 2016 PFN Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of PFN’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing


  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

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