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HPQ Provides Additional Update on Status of Gold Asset Spin-Off $HPQ.ca

Posted by AGORACOM-JC at 9:59 AM on Friday, September 16th, 2016

Montreal, PQ / HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to provide shareholders with the following update regarding the status of its Gold Asset spin-off.

SPIN OFF AND DIVIDEND OF GOLD ASSETS

Further to our press release of September 7, 2016 the spin-off of HPQ’s gold assets into a fully owned subsidiary is proceeding as follows:

1.The Corporation has retained the services Dr. Remi Charbonneau PhD (P. Geo) of Inlandsis Consultants to complete the required update of the Beauce Placer NI 43-101, which is required to qualify the property as a property of merit for the Listing Application of Beauce Gold Fields Inc. Dr. Charbonneau is a specialist in glacial till geology and gold placers. He has worked with junior and senior exploration companies, including Virginia Gold Mines and Goldcorp. He also worked on the Beauce project in 2012-2013, which will greatly streamline the process going forward.
2.The boards of both HPQ-Silicon Resources Inc and Beauce Gold Fields Inc are scheduled to meet at the beginning of October to approve all the relevant assets transfers and contractual agreements between the Companies and approve the Beauce Gold Fields Inc Listing Application with the exchange.
3.Once the Listing Application has been filed with the exchange and the necessary authorizations have been received, the Board of HPQ Silicon will be able to declare the Ex-dividend date.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated, “The spin off project is moving forward and we are encouraged by the continued strength of the price of gold and the market values being attributed to small cap gold companies, which we believe will unlock meaningful value for our shareholders receiving dividend shares in Beauce Gold Fields.”

OTHER CORPORATE MATTERS

Shares For Services Program

In accordance with the agreement between HPQ-Silicon and AGORACOM (see Uragold press release July 18, 2014), extended by both Parties for an additional year, from July 15, 2016 to July 15, 2017 under the same terms and conditions, HPQ-Silicon Board has approved the issuance of 49,560 common shares at a deemed price of $0.285 per share for the outstanding debt of $14,125 for services rendered during the period from May 16, 2016 ending July 15, 2016.

Options distribution

The Corporation has granted 400,000 stock options to a Director of the Corporation. The stock options are exercisable for a period of five years from the date of grant at an exercise price of $0.19 per share.

The options have been granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.

Modification To Stock Option Plan

HPQ announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, increasing it by 5,070,000 shares from 8,930,000 shares to 14,000,000 shares. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value High Value Silicon Metal Company.

Our business model is focused on developing a disruptive solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.

High Value Silicon Metal

HPQ Silicon is endeavouring to become a vertically integrated High Purity Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QRR process have demonstrated that it can transform high purity quartz into silicon metal.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9%.

Samples from the first series of test have been sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

On August 2, 2016, HPQ Silicon announced that it had:

1.Acquired the intellectual property rights to the PUREVAP(TM) process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
2.Placed an order for the purchase a 200 metric ton/year PUREVAP(TM) QRR pilot system to produce solar grade silicon metal from HPQ Silicon quartz.

The PUREVAP(TM) QRR process’s disruptive advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing HPQ Silicon to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The science behind the PUREVAP(TM) QVR is well demonstrated:

- -Plasma arc based process can transform High Purity Quartz into MG Si.-Plasma arc based process can be used to purify MG Si into higher value SG Si.
  -Refining MG Si to SG Si using an electron-beam furnace in vacuum-processing environment has proven the concept of the elimination of impurities.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

HPQ Silicon, with its PUREVAP(TM) QRR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

HPQ Silicon is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

For further information contact

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

Carl Desjardins, Paradox Public Relations Inc., Tel (514) 341-0408

Tags: #mining, #smallcapstocks, $TSXV, High Purity Quartz, High Purity silica
Posted in HPQ-Silicon Resources Inc. | Comments Off on HPQ Provides Additional Update on Status of Gold Asset Spin-Off $HPQ.ca

American Creek Options the Ample Goldmax Gold Property $AMK.ca

Posted by AGORACOM-JC at 4:50 PM on Thursday, September 15th, 2016

Hublogolarge2_copy

Entered into an option agreement with an arm’s length third party to acquire the Ample Goldmax gold property located in southern British Columbia, Canada
Ample Goldmax property package spans 1,044 hectares and is located approximately 8 km west of Lillooet along and adjacent to Highway 99 South along Cayoosh Creek
Property has a long but intermittent history of gold prospecting dating back to 1866 when coarse free gold was discovered in the lower reaches

CARDSTON, ALBERTA–(Sept. 15, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek” or “the Corporation”) is pleased to report that it has entered into an option agreement with an arm’s length third party to acquire the Ample Goldmax gold property located in southern British Columbia, Canada.

The Ample Goldmax property package spans 1,044 hectares and is located approximately 8 km west of Lillooet along and adjacent to Highway 99 South along Cayoosh Creek. The property has a long but intermittent history of gold prospecting dating back to 1866 when coarse free gold was discovered in the lower reaches of Cayoosh Creek. Prospecting naturally led upstream and in 1887 the first lode gold in bedrock was found. In 1897 the Golden Cache (Ample) mine started small scale gold production which continued until 1901.

Past historical work on the property by Homestake included the mapping of eight underground workings and also the identification of at least 10 known mineralized zones over a strike length of 3 km primarily hosting native gold with or without sulphides in mesothermal quartz vein stockworks, gold and various amounts of silver in sulphide zones, and areas with lower grade bulk tonnage disseminated type gold. Homestake conducted a small diamond drill program in 1996 and reported several intersections of gold at shallow depth including 11.76 g/t over 8.2 meters which included 1.2 meters of 66.84 g/t gold (containing visible gold) and another intersection of 21 meters of 2.75 g/t gold (December 16, 1996 Aris Report 24742.

A report prepared for Homestake by Kuran and McLeod (1997) reports that grab samples from the mine area returned up to 118 g/t gold with surface chip samples up to 6.9 g/t gold over 3 meters.

The property is being acquired through a four year option agreement with terms/payments as follows:

Year one:
$7,000 cash within 5 business days of TSX-V approval.
100,000 American Creek common shares within 10 days of TSX-V approval.
A minimum of $15,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.

Year two:
$10,000 cash
200,000 common shares
$25,000 work commitment

Year three:
$15,000 cash
250,000 common shares
$75,000 work commitment

Year four:
$30,000 cash
300,000 common shares
$100,000 work commitment

The vendor will retain a 25% bulk sample royalty on any net profits American Creek receives from the extraction of a bulk sample as well as a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

All cash payments, share payments and work commitment amounts may be accelerated at American Creek’s choosing.

All shares issued under this option agreement will be subject to a statutory 4 month hold period.

This agreement is subject to approval by the TSX Venture Exchange.

Darren Blaney, American Creek President & CEO stated: “We have been wanting to acquire the Ample Goldmax property package for quite some time and after almost a year of negotiating, which included the amalgamation of four separate Cayoosh Creek properties, have finally put a deal together. This is a strong addition to the Corporation’s gold and silver property portfolio.”

About American Creek

American Creek is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

In addition to this new acquisition, the Corporation has a portfolio of gold and silver properties in various regions of the province:

Treaty Creek property – American Creek holds a 20% fully carried interest to production in the Treaty Creek JV with operator Tudor Gold Corp (“Tudor”) holding a 60% interest and Teuton Resources Corp. holding the remaining 20%. An extensive magnetotelluric geophysical survey was recently completed and Tudor is currently conducting a diamond drilling program on the property. The Treaty Creek property is located in the “Golden Triangle” of northwestern BC immediately adjacent to Seabridge Gold’s KSM deposit.

Electrum property – American Creek holds a 40% interest in the Electrum JV with operator Tudor holding a 60% interest. The property is located in the “Golden Triangle” of northwestern BC between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. A diamond drilling and trenching program is currently being conducted by Tudor on the property.

Gold Hill property – American Creek holds a 100% interest in the Gold Hill property located east of Fort Steele, BC in the Boulder Creek watershed. The Wildhorse River, to which Boulder Creek is a headwater tributary, is the site of one of Canada’s biggest historic gold rushes with approximately 42 tonnes of placer gold reportedly being recovered from the Wildhorse below the confluence of Boulder Creek. A field mapping and sampling program is currently being conducted on the property.

Austruck-Bonanza property – American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops, BC. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is in very close proximity to the Bonaparte pit. In July of 2016, WestKam reportedly began a 10,000 tonne bulk sample program to further test near-surface high grade gold veins. American Creek is watching the WestKam Bonaparte program closely and is in the process of planning further exploration on the property.

Silvershot property – American Creek holds a 100% interest in the Silvershot property also located in BC’s “Golden Triangle” approximately 7 km northeast of Stewart. The property is near the past producing Portland Canal mine and also the historic Dunwell gold/silver mine.

D1-McBride property – American Creek holds a 100% interest in the D1-McBride property located 64 km southeast of Dease Lake, BC. The property hosts the Discovery showing with high grade gold, silver, lead and zinc.

As announced yesterday, American Creek has also just optioned three additional properties – the Glitter King, Silver Side and Red Tusk.

Information relating to the Corporation is available on its website at www.americancreek.com.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

Tags: #mining, #smallcapstocks, $TSXV
Posted in American Creek Resources Ltd. | Comments Off on American Creek Options the Ample Goldmax Gold Property $AMK.ca

American Creek Options Three New Properties — Glitter King, Silver Side and Red Tusk $AMK.ca

Posted by AGORACOM-JC at 9:06 AM on Wednesday, September 14th, 2016

Hublogolarge2_copy

Entered into three separate option agreements with an arm’s length third party to acquire the Glitter King, Silver Side and Red Tusk properties
all located in British Columbia, Canada
Part of the Corporation’s strategy of adding shareholder value by enlarging its gold and silver property portfolio with high quality prospective properties acquired at depressed levels

CARDSTON, ALBERTA–(Sept. 14, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek” or “the Corporation”) is pleased to report that it has entered into three separate option agreements with an arm’s length third party to acquire the Glitter King, Silver Side and Red Tusk properties, all located in British Columbia, Canada. These newest acquisitions are part of the Corporation’s strategy of adding shareholder value by enlarging its gold and silver property portfolio with high quality prospective properties acquired at depressed levels in anticipation of a strengthening precious metals market.

Glitter King Property

The Glitter King is located on the eastern side of Pitt Island approximately 90 km south of Prince Rupert, BC. The property is part of the southern extension of the Alexander Terrane which is host to numerous significant massive sulphide deposits such as Windy Craggy, Greens Creek, the Annette/Gravina Island deposits and the Anyox deposits.

Past work on the property by Devlin (1983) and Bradley et al (1987) resulted in the discovery of a massive sulphide showing up to 4 meters thick with a strike length of 1,800 meters and exposed over a vertical dimension of at least 170 meters. The sulphide sheets are typically composed of 40-80% sulphides with copper, gold, silver, lead and zinc. An average of 10 channel samples taken across the thicker, central part of the massive sulphide zone by BP-Selco produced: 2.32% Cu, 52 g/t Ag, 0.48g/t Au, 0.57% Pb and 2.53% Zn. Devlin (1983) reported values as high as 7.8% Cu, 126 g/t Ag, 8.91 g/t Au, 8.7% Zn and 1.6% Pb.

Silver Side Property

The Silver Side property is located in the Kamloops mining division approximately 20 km north of Clearwater, BC and approximately 50 km west of Imperial Metal’s Ruddock Creek lead/zinc deposit.

Exploration work on the Silver Side in 2010 resulted in the discovery of three new bedrock showings of very high grade mineralization of 75-558 g/t Ag, 12-40% Pb and 12-40% Zn. The mineralized zone has been traced over 100 meters on surface.

Red Tusk Property

The Red Tusk property is located in southwestern BC approximately 12 km west of Squamish.

The property bears similarities to VMS deposits such as the nearby past producing Britannia Mine which over nearly 70 years produced more copper than any other mine in BC. The Red Tusk is also noted as one of the mineral occurrences in BC which exhibits some of the characteristics of the famous Eskay Creek-Type of deposits.

Anomalous gold and silver values from the Silver Spider zone included a grab sample of rhyolite that assayed 0.466 oz/ton gold, 166.12 oz/ton silver, 20.06% zinc, 17.89% lead and 0.12% copper.

A 17 meter long trench excavated on the Cirque zone included assays up to 1.47% copper, 7.63% zinc, 1.74% lead, 2.25 oz/ton silver and 0.12 oz/ton gold.

All three properties acquisitions are structured as four year option agreements with terms/payments as follows:

Glitter King

Year one:

$7,500 cash within 30 business days of TSX-V approval.

100,000 American Creek common shares within 10 days of TSX-V approval.

A minimum of $10,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.

Year two:

$10,000 cash

100,000 common shares

$20,000 work commitment

Year three:

$20,000 cash

150,000 common shares

$25,000 work commitment

Year four:

$30,000 cash

200,000 common shares

$35,000 work commitment

The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

Silver Side

Year one:

$5,000 cash within 30 business days of TSX-V approval.

50,000 American Creek common shares within 10 days of TSX-V approval.

A minimum of $5,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.

Year two:

$10,000 cash

75,000 common shares

$10,000 work commitment

Year three:

$20,000 cash

100,000 common shares

$30,000 work commitment

Year four:

$30,000 cash

150,000 common shares

$50,000 work commitment

The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

Red Tusk

Year one:

$5,000 cash within 30 business days of TSX-V approval.

50,000 American Creek common shares within 10 days of TSX-V approval.

A minimum of $10,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.

Year two:

$10,000 cash

75,000 common shares

$20,000 work commitment

Year three:

$20,000 cash

100,000 common shares

$30,000 work commitment

Year four:

$30,000 cash

150,000 common shares

$50,000 work commitment

The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

All cash payments, share payments and work commitment amounts in each of the three agreements may be accelerated at American Creek’s choosing.

All shares issued under these option agreements will be subject to a statutory 4 month hold period.

These option agreements are subject to approval by the TSX Venture Exchange.

Darren Blaney, American Creek President & CEO stated: “With Walter Storm’s Tudor Gold Corp. now operating both the Treaty Creek and Electrum projects, the Corporation is now able to create additional shareholder value by advancing the other properties in its portfolio and through acquiring new high potential properties.”

About American Creek

American Creek is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

In addition to these newly announced acquisitions, the Corporation has a portfolio of gold and silver properties in various regions of the province:

Austruck-Bonanza property – American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops, BC. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is in very close proximity to the Bonaparte pit. In July of 2016, WestKam began a 10,000 tonne bulk sample program to further test near-surface high grade gold veins. American Creek is watching the WestKam Bonaparte program closely and is in the process of planning further exploration on the property.

Information relating to the Corporation is available on its website at www.americancreek.com.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

Tags: #mining, #smallcapstocks, $TSXV, Seabridge Gold (SEA.T)
Posted in American Creek Resources Ltd. | Comments Off on American Creek Options Three New Properties — Glitter King, Silver Side and Red Tusk $AMK.ca

Durango Samples 79 Outcrops at Nemaska, Quebec $DGO.ca

Posted by AGORACOM-JC at 9:54 AM on Tuesday, September 13th, 2016

Pegmatites were discovered and mapped and some samples sent for assay from its group of lithium claims located near Nemaska, Quebec
On the West block of claims, a few outcrops were located close to the southern boundary of Nemaska Lithium boundary and were made up of granite.

Vancouver, BC / September 13, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 8, 2016, pegmatites were discovered and mapped and some samples sent for assay from its group of lithium claims located near Nemaska, Quebec.

The pegmatites were discovered on the North, South and Eastern blocks of Durango’s claims in the recently completed program. On the West block of claims, a few outcrops were located close to the southern boundary of Nemaska Lithium boundary and were made up of granite.

Durango’s professional exploration team made a total of two hundred outcrop discoveries on its four claim blocks. The outcrops were examined by rock breaking and hand lens observation. From the 200 outcrop discoveries, a total of seventy-nine were sampled and sent for assay. Eight blank samples were also added and sent in for assay as Quality Assurance and Quality Control.

Nemaska Lithium Inc. announced on September 6, 2016 that drilling southwest of the deposit intercepted lithium rich pegmatite dykes at shallow depth. With the abundance of historical work completed on Nemaska’s immediate deposit area, Nemaska Lithium has proven that step out drilling from the known deposit area has discovered lithium rich pegmatite dykes below the overburden.

Marcy Kiesman, CEO of Durango, comments, “Nemaska Lithium’s success on the drill intercepts announced on September 6, 2016 may suggest the pegmatite dykes beneath overburden are pervasive, or without interruption. Drill intercepts were made where no pegmatite dykes are outcropping, so Durango plans to plot the current drilling data to derive any potential projections onto Durango’s neighboring claims.”

Durango expects results from its program to be released in the near future and will provide a news release once the results have been processed.

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.

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.

Tags: #mining, #smallcapstocks, $TSXV, Nemaska Lithium Inc.
Posted in Durango Resources, Small Cap Lithium Stocks | Comments Off on Durango Samples 79 Outcrops at Nemaska, Quebec $DGO.ca

American Creek’s JV Partner Tudor Gold Corp. Trenches 30,200 G/T Silver at the Electrum Project $AMK.ca

Posted by AGORACOM-JC at 9:12 AM on Tuesday, September 13th, 2016

Released initial results from the blasted bedrock trenching program being conducted on the Electrum property
12 representative specimens collected from the structure averages 3,461.92 grams (111.30 oz) silver per tonne and 2.24 grams gold per tonne

CARDSTON, ALBERTA–(Sept. 13, 2016) – American Creek Resources Ltd (TSX VENTURE:AMK) (“the Corporation” or “American Creek”) is pleased to announce that Tudor Gold Corp. (“Tudor”) has released initial results from the blasted bedrock trenching program being conducted on the Electrum property in the “Golden Triangle” of NW British Columbia. The program has expanded the high-grade silver-gold mineralization at the New Blast Zone.

The Electrum project is a joint venture between project operator Tudor (60%) and American Creek (40%).

The surface blasting program was started after the completion of the 2016 Electrum drill program, from which complete assay results are still pending and will be released once received and compiled. In total 19 drill holes, totaling 1,406 meters were completed. A total of 1,492 core samples were collected and assayed. Standard sample interval was one meter with 0.25m sub samples collected to test contacts and anomalous intervals. A specialized diamond coring drill was utilized which has the capability to drill flat holes and provides the ability to drill targets of interest with more precision. Low angle drill geometry allows Tudor to take advantage of mountainside geometry and follow the surface exposed mineralization down dip.

Twelve representative specimens were collected across a central vein system on the New Blast Zone. It is approximately 5 m wide and currently exposed for 15 meters along strike. The vein system is open in both directions and at depth. The central axis of the vein system is infilled with a fine-grained blackish, blue-grey mineralization. The northern contact of which is a 0.5m wide sharp edged quartz fragments in a foliated sulphide-quartz-carbonate matrix. The sulphides are pyrite, pyrrhotite, with thin galena/silver seams. The twelve representative specimens collected from the structure averages 3,461.92 grams (111.30 oz) silver per tonne and 2.24 grams gold per tonne. An 8 cm wide silver sulphide core seam returned 30,200 grams (1,065.3 oz) silver per tonne.

The following table lists the New Blast Zone results.

Analyte Symbol			Au	Ag	As	Cu	Pb	Zn
Unit Symbol			g/mt	g/tonne	%	%	%	%
Detection Limit		Field	0.005	3	0.01	0.001	0.003	0.001
Analysis Method	Trench #	Description	FA-AA	FA-GRA	ICP-OES	ICP-OES	ICP-OES	ICP-OES
E903305	NBT01	vuggy central vein	2.57	866	0.02	0.033	4.37	0.062
E903306	NBT01	vuggy qtz vein	1.64	381	< 0.01	0.012	0.894	0.068
E903307	NBT01	fine grained galena	1.01	2670	0.08	0.33	31.4	1.86
E903308	NBT01	‘gouge’	4.67	3070	0.11	0.035	18	0.105
E902451	NBT01	Qtz sulphide bx	0.212	30200	0.03	0.002	0.081	0.004
E902454	NBT01	Qtz vein	1.49	36	0.03	0.021	0.183	0.2
E902456	NBT01	Rk 1 & Rk 2 contact	5.78	1020	0.13	0.523	5.47	7.51
E902459	NBT01	Rk type 1 ‘ore’	5.03	1500	0.1	0.456	7.95	15.2
E902462	NBT01	Rk type 2 (footwall)	1.43	787	0.1	0.339	5.89	11.6
E902465	NBT01	massive sulphide (py)	0.296	46	0.05	0.002	0.011	0.011
E902467	NBT01	Rk type 3 (hanging wall)	1.68	922	0.02	0.018	2.61	0.06
E902468	NBT01	Qtz galena crystals	1.11	45	0.02	0.045	0.231	0.749

Blast trenching is now being conducted on the Shiny Cliff Zone. It has exposed mineralization which is similar in nature to that at the New Blast Zone. Blast rock samples from the Shiny Cliff area have been sent in for analysis. Trenching and sampling is ongoing to see if the mineralization connects between the Shiny Cliff and New Blast.

Based on the results, Tudor intends on applying for a permit from the BC Ministry of Energy & Mines to remove a bulk sample of mineralized material from the Electrum property. The bulk sample program is intended to investigate the metallurgical properties and determine mineralized grades.

Walter Storm, President and CEO of Tudor stated: “We are very pleased with the results of the work on the Electrum this summer as we have increased the known mineralized gold and silver zones.”

Darren Blaney, President and CEO of American Creek stated: “As more work is conducted at Electrum, the mineralized area continues to impress. Tudor’s plan to conduct a bulk sample program opens up the real possibility of a revenue stream from recoverable silver and gold.”

The Electrum project (which includes the historic East Gold mine) is located approximately 25 km south of Pretium’s Brucejack gold mine and approximately 20 km north of the past producing Premier gold/silver mine. The Electrum shares similar geology with both the Brucejack and the Premier. The Electrum is road accessible and is only 45 km from world- class concentrate shipping port facilities located in Stewart.

Quality Assurance/Quality Control

Analytical work for trench specimens is being carried out by Actlabs Kamloops, (Accredited Laboratory No. 790). Quality assurance and quality control programs include the use of analytical blanks and standards and duplicates in addition to the labs own internal quality assurance program.

All specimens were first analyzed according to the following procedures.

1	— gold Au (0.005 – 10 ppm) by 30g Fire Assay / AA where Au >3 g/t, automatically analyse a new 250g reject split for Au by 50g Fire Assay / Gravimetric finish
2	— Ag (3 – 10,000 g/t) by 30g Fire Assay / Gravimetric finish
3	— Assay Grade, 0.5g Aqua Regia (Partial) Digestion with ICP-OES analysis for the following four elements and detection limits: As (0.01%), Cu (0.001%), Pb (0.003%), Zn (0.001%)

All samples were then treated by “Gold by Metallic Screen Fire Assay”. This entails a representative 1000g of pulverized sample sieved at 100 mesh (150 micron), with assays performed on the entire +100 mesh fraction and two splits of the -100 mesh fraction. A final assay is calculated based on the weight of each fraction.

The Qualified Person for the Electrum exploration program is Alex Burton, P. Eng., P. Geo. for the purposes of National Instrument 43-101.

American Creek is also part of a JV agreement with Tudor and Teuton Resources Corp. on the Treaty Creek project immediately north of Seabridge Gold’s KSM project, also located in the “Golden Triangle”. Tudor is currently conducting a diamond drilling program at Treaty Creek.

Of note is a quote from the recent 2014 – Nelson/Kyba – British Columbia Geological Survey report : Structural and stratigraphic control of porphyry and related mineralization in the Treaty Glacier – KSM – Brucejack – Stewart trend of western Stikiniaâ€¦.”One of the most important trends of northwestern British Columbia extends from near the town of Stewart north to the Treaty Glacier.” Both the Electrum and Treaty Creek projects are located within this described mineralized trend.

American Creek is also conducting a field program at its 100% owned Gold Hill property located in the Boulder Creek watershed – part of the historic Wildhorse River gold rush that took place east of Fort Steele, BC.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Information relating to the Corporation is available on its website at www.americancreek.com

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements including, without limitation, statements relating to the potential mineralization and geological merits of the Electrum property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Contact Information

Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

Tags: #mining, #smallcapstocks, $TSXV, Seabridge Gold (SEA.T)
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek’s JV Partner Tudor Gold Corp. Trenches 30,200 G/T Silver at the Electrum Project $AMK.ca

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

Posted by AGORACOM-JC at 11:14 AM on Monday, September 12th, 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 dâ€™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 Nickelâ€™s Dumont property (NW end)

Hub On AGORACOM / Corporate Profile

Tags: #mining, #smallcapstocks, $TSXV, gold, Teck Resources (tck.b: tsx)
Posted in AGORACOM Client Feature, Explor Resources Inc. | Comments Off on FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Durango’s Neighbour Discovers New Mineralized Zone at Whabouchi $DGO.ca

Posted by AGORACOM-JC at 11:22 AM on Thursday, September 8th, 2016

Expects assay results soon for its initial reconnaissance program at its 100%-owned NMX group of properties
Located in northern Quebec adjacent to Nemaska Lithium Inc
Marcy Kiesman, CEO of Durango, comments, “Nemaska Lithium’s (TSX-NMX) drilling news of September 6, 2016 is very exciting for Durango as the discovery of a new mineralized lithium zone at the Whabouchi property confirms the lateral extension of up to 100m east and west. This discovery is very positive for Durango because of its close proximity to both the proposed pit and current drilling program.”

Vancouver, BC / September 8, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release of August 15, 2016, Durango expects assay results soon for its initial reconnaissance program at its 100%-owned NMX group of properties located in northern Quebec adjacent to Nemaska Lithium Inc.

Marcy Kiesman, CEO of Durango, comments, “Nemaska Lithium’s (TSX-NMX) drilling news of September 6, 2016 is very exciting for Durango as the discovery of a new mineralized lithium zone at the Whabouchi property confirms the lateral extension of up to 100m east and west. This discovery is very positive for Durango because of its close proximity to both the proposed pit and current drilling program.”

A total of 87 grab samples were submitted to ALS Minerals Laboratories in Val d’Or, Quebec, for assay.

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
Posted in Durango Resources, Pacific North West Capital | Comments Off on Durango’s Neighbour Discovers New Mineralized Zone at Whabouchi $DGO.ca

Data: All Chinaâ€™s new power demand met by wind and solar last year $HPQ.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, September 8th, 2016

China dramatically increased the portion of its electricity generated from wind and solar in 2015
Growth in the two forms of power alone exceeding the rise in the countryâ€™s total electricity demand.

by Joe Sandler Clarke

@JSandlerClarke

China dramatically increased the portion of its electricity generated from wind and solar in 2015, with the growth in the two forms of power alone exceeding the rise in the countryâ€™s total electricity demand.

China: Six little known facts about the countryâ€™s solar and wind boom

New data collated by Greenpeace shows that the countryâ€™s electricity consumption rose 0.5% last year, from 5522 TWh (terawatt hours) to 5550 TWh.

Wind and solar comfortably met this new demand, producing 186.3 TWh and 38.3 TWh of electricity in 2015, compared to 153.4 TWh and 23.3 TWh the year before. Thatâ€™s a dramatic increase: 21% and 64%, respectively.

To give those numbers more context, Chinaâ€™s increase in power generation from wind and solar in 2015 (48 TWh) alone was twice Irelandâ€™s entire electricity demand the previous year (24 TWh).

Half UK energy needs

In fact, Chinese wind alone could have met more than half the UKâ€™s entire energy needs in 2015 (304 TWh).

The expansion of renewable energy generation was made possible by China vastly increasing its wind and solar capacity in 2015, up 28% and 54% respectively on 12 months previously. In total, the country made up nearly half of the worldâ€™s new solar and wind capacity last year.

Coal use falls

The increased use of renewable energy, together with a marked economic shift away from heavy industry sectors, has meant that coal use in the country has dropped for a third year in a row, though it is still the biggest source of global CO2 emissions.

Last week, China announced that it was ratifying the Paris climate agreement, alongside the United States, in a move widely hailed as historic.

With the American presidential election now just two months away, it remains to be seen whether the States will be able to catch up in the race to lead the post-fossil fuels global economy.

Source: http://energydesk.greenpeace.org/2016/09/08/data-chinas-new-power-demand-met-wind-solar-last-year/

Tags: #mining, #smallcapstocks, $TSXV, CSE, High Purity Quartz, High Purity silica
Posted in All Recent Posts, HPQ-Silicon Resources Inc. | Comments Off on Data: All Chinaâ€™s new power demand met by wind and solar last year $HPQ.ca

Explor Increases East Bay Property $EXS.ca

Posted by AGORACOM-JC at 4:35 PM on Tuesday, September 6th, 2016

Exs_logo

Announced the acquisition of 100 mineral claims located in the Duparquet, Destor, HÃ©bÃ©court and Dufresnoy Townships, in the Rouyn-Noranda Mining Division
Claims are contiguous to the East Bay Property
Explor will pay $16,000 and issue 200,000 shares to acquire a 100% interest in the additional East Bay claims

ROUYN-NORANDA, CANADA–(Sept. 6, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1) is pleased to announce the acquisition of 100 mineral claims located in the Duparquet, Destor, HÃ©bÃ©court and Dufresnoy Townships, in the Rouyn-Noranda Mining Division, Province of Quebec representing a total of 4,172.82 hectares. These claims are contiguous to the East Bay Property. Explor will pay $16,000 and issue 200,000 shares to acquire a 100% interest in the additional East Bay claims.

This acquisition is in line with the Corporation’s strategy of increasing its property along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 65 million oz of gold. The Corporation now owns 10,240.70 hectares of land along this section of the PDFZ. The East Bay Gold Property is located to the west and north of the Consolidated Beattie and Donchester Gold Property and contiguous to the ground on which Clifton Star Resources Inc. during their exploration program intersected wide width of gold mineralization (Press Releases dated June 19 and June 6, 2013). Explor Resources is currently the largest holder of Exploration Property in Duparquet.

Geological Context & Mineralization

The mineralization on the East Bay Gold property is similar to the Beattie Island within Duparquet Lake and is hosted within the Destor Theolitic Unit of the Blake River Group. Mineralization is associated with interflow volcanic sediments between andesite flows and dioritic sills. The alteration consists of silicification, carbonization and considerable sulphide enrichment.

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

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the 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 Limited is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Christian Dupont, President
888-997-4630 or 819-797-4630
Fax: 819-797-6050
www.explorresources.com
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, gold, Teck Resources (tck.b: tsx)
Posted in Explor Resources Inc. | Comments Off on Explor Increases East Bay Property $EXS.ca

Durango Assays 199.5 G/T Silver over 1.2 Metres in Channel Samples, 2.06% Copper from Grab Samples, and Discovers New Showings at Dianna Lake $DGO.ca

Posted by AGORACOM-JC at 10:22 AM on Tuesday, September 6th, 2016

Received highly encouraging assay results from its reconnaissance program at its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan
high-grade silver and copper anomalies which assayed up to 457.0 g/t Ag and 0.72% Cu over 0.30 m in channel samples taken from the main zone of historical workings, and up to 2.06% Cu in grab samples

Vancouver, BC / September 6, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release of July 26, 2016, Durango has received highly encouraging assay results from its reconnaissance program at its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan.

Durango’s team was successful in locating and mapping nearly all historical drill holes, pits, and trenches. In addition, several new silver, copper, and gold-bearing showings were discovered during the reconnaissance program.

The reconnaissance program encountered high-grade silver and copper anomalies which assayed up to 457.0 g/t Ag and 0.72% Cu over 0.30 m in channel samples taken from the main zone of historical workings, and up to 2.06% Cu in grab samples. The highest-grade copper values were returned from a historical trench 270 meters to the northeast of the main zone of historical workings. *

* Please see Table 1 and Table 2 for full summary and ranges of anomalous results.

A single grab sample taken from a newly-identified, gold-bearing showing returned 0.37g/t Au. This showing is located approximately 300 metres to the southwest of the main zone of historical workings, adjacent to an under-explored IP anomaly. Gold mineralization was also found to be associated with historically documented silver mineralization in one historical pit in the main zone, assaying 0.17g/t Au in a grab sample.

Historical Pit #1 was found to be mostly flooded with water up to 2 metres deep in places, as the adjacent swamp breached the edge of the pit. Based on the locations shown in the historical documentation, the highest grade material from the historical pits is likely submerged in the areas that were impossible to sample in the current program. However, the Company intends to dewater and fully sample the pit in the next exploration campaign. See Figure 1.

Channel Sampling Results

Six channels, designated as DLK-1 through DLK-6, were cut across separate outcrops, with continuous samples taken over 0.30-metre intervals. The first two channels (DLK-1 and DLK-2) were cut along historical Pit #1 and Pit #2 and returned high values of 379.0 g/t Ag and 457.0 g/t Ag, respectively. The remaining four channels were cut across various other outcrops. The locations of channels are illustrated in Figure 1.

Channel DLK-1 is located within, and parallel to the orientation of Pit #1, which yielded a historical sample of 2,458 oz/t Ag (1) (see section About Dianna Lake at the end of this release for full range of values). DLK-1 was sampled continuously at surface from 10.0 to 13.6 metres at 0.30 metre intervals, until reaching the edge of the water in the flooded area of the pit. Based on the locations shown in the historical documentation, the highest-grade material from this pit is likely submerged in the areas that were impossible to sample in the current program.

Of 16 continuous channel samples taken within DLK-1 and DLK-2, 9 samples assayed higher than 28 g/t Ag. In total, 31 channel samples were taken at 0.30 metre intervals within DLK-1 through DLK-6. Channels DLK-3 through DLK-6 did not return anomalous values above 5.0 g/t Ag and 0.1% Cu.

Channel sampling results are summarized in Table 1, below.

Table 1: Channel Sampling Highlights

Channel	Orientation	Historical Pit	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)	Cu (%)
DLK-1	090? (South)	Pit #1	11.2	13.3	2.1	0.0	93.7	0.02
		including	13.0	13.3	0.3	0.0	379.0	0.01

DLK-2	090? (South)	Pit #2	2.0	3.2	1.2	0.0	199.5	0.59
		including	2.6	2.9	0.3	0.0	457.0	0.72

Grab Sampling Results

Out of a total of 20 grab samples taken in the survey, 11 samples returned anomalous silver, copper and/or gold values (shown below in Table 2). Grab sampling successfully identified several new showings at the Dianna Lake Prospect.

Newly-identified showings include outcrops at Sample 67080, located 90 metres to the northeast of the main zone, and Sample 67056, located 400 metres southwest of the main zone. Of particular interest was a grab sample taken from a historical trench located 270 metres to the north-northeast of the main zone, which assayed 43.0 g/t Ag and 2.06% Cu.

These results are summarized in Table 2, below. Sampling from the main zone of historical workings is highlighted in Figure 1.

Table 2: Grab Sampling Highlights

Sample	Easting	Northing	Ag (g/t)	Cu (%)	Au (g/t)	Comment
67053	6617178	619626	9.0	0.41	0.00	Historical trench 270 metres north-northeast of main zone
67054	6617186	619645	43.0	2.06	0.00	Historical trench 270 metres north-northeast of main zone
67056	6617001	619545	33.0	1.00	0.00	New showing 400 metres southwest of main zone
67060	6616930	619370	13.0	0.00	0.00	100 metres west of main zone
67073	6616954	619484	9.0	0.30	0.17	Grab from Pit #2A
67078	6616944	619463	61.0	0.46	0.00	Pit #1 waste pile
67080	6616794	619075	54.0	0.57	0.00	90 metres northeast of main zone
85966	6616936	619516	6.0	0.11	0.00	10 metres north of Pit #7
85967	6616927	619514	24.0	0.21	0.00	Pit #7 (southeast main zone)
85968	6616927	619514	35.0	0.81	0.00	Pit #7 (southeast main zone)
85969	6616734	619279	0.00	0.00	0.37	New showing 300 metres southwest of main zone

* All coordinates are NAD83 UTM Zone 12N

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

Figure 1: Sampling Locations Within Historical Pit Area (Highlights)

Click Image To View Full Size

Larger image available at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/

New Anomalous Gold Showings Identified

Two outcrop areas returned anomalous gold values which were not previously documented, indicating that silver mineralization at Dianna Lake is associated with some degree of gold mineralization.

One new showing, designated as “Deadshot”, is located 300 metres to the southwest of the historical workings and assayed 0.37g/t Au from a grab sample taken from a white to reddish biotite gneiss unit. This gold showing is located adjacent to an under-explored IP conductor.

Sample 67073 assayed 0.17 g/t Au and was taken from historical Pit #2A, within the main zone of historical workings. The sample exhibited strong malachite mineralization and iron oxide staining, as well as pervasive calcite veining.

These newly-discovered gold anomalies will warrant further exploration.

Marcy Kiesman, CEO of Durango, comments, “Our team is excited to receive anomalous assays returned from previously undocumented areas. The Dianna Lake Prospect was previously explored by Comaplex Resources which had a vast stable of high quality prospects – several which have been developed into projects such as Northquest’s (TSX.V-NQ) Pistol Bay Project. The impressive results from locations both within and outside of previously documented showings, pits, and trenches is compelling and anomalous gold values from the gneiss unit is particularly encouraging. These results may indicate the project’s potential to be greater than originally thought. We intend to follow up on these favourable results with a more detailed and extensive exploration program in the near future, including dewatering of historical trenches and pits.”

The Company’s geological team is presently constructing a model of the project data, including historical drill holes, which were not sampled in this reconnaissance program, as well as current results. Durango will provide more details as they become available.

Assays were performed at Activation Laboratories located in Thunder Bay, Ontario using package 1A3 Au/Ag fire assay gravimetric and package 1F2 total digestion ICP.

Durango would also like to announce that final acceptance was received from the TSX Venture Exchange for its non-brokered private placement of $266,000 as announced on June 22, 2016. All of the 2.63 million units issued are subject to a four-month hold period ending October 30 and 31, 2016, and December 10, 2016. No further tranches will close.

About Dianna Lake Silver, Saskatchewan

Durango’s Dianna Lake silver prospect covers an historical area in which, from 1968 to 1969, two-high grade, primarily native silver-bearing exploration targets of between 30,000 tonnes and 50,000 tonnes grading five to ten ounces per ton silver, approximately 600 meters apart, were determined by trench grab sample assays, according to an historical evaluation report composed for Comaplex Resources in 1980 (1)*.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Additionally, the main silver-bearing zone is spatially associated with a large zone of low-grade, disseminated copper-silver mineralization in which drilling of two IP (induced polarization) anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton silver and 0.4 per cent copper (undefined category historical resource estimate), according to the same report (1)**.

** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and the issuer is not treating the historical estimate as current mineral resources or reserves. Further work must be carried out to verify all historical information before a resource estimate is possible. Fourteen additional IP anomalies in the historical exploration area surrounding Dianna Lake and the nearby Doug Lake remain yet undrilled, according to the Comaplex Resources report (1), four of which occur within the property boundary of Durango’s Dianna Lake silver project.

Previous work on the claims was reported in 1969, 1980 and 1998 and included diamond drill holes, trenches and pits primarily across two zones where mineralization was identified at or near surface. One zone was reported to have five trenches exposing silver-copper mineralization over approximately 80 meters. Historical grab samples from pit No. 1 of this zone included ounce-per-ton silver values of 2,458.4, 684.4, 647.4, 600.2, 464.2 and 454.8 ounces per ton silver. Out of 18 grab samples, 13 samples assayed between 185 ounces per ton silver and 2,458.4 ounces per ton silver. Pit No. 2 grab samples returned reported highs of 298 ounces per ton silver and 197 ounces per ton silver (out of seven samples ranging from 12.2 ounces per ton silver to 298 ounces per ton silver) (1). (The company cautions that grab samples are selective and may not be representative of the mineralization on the property.)

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

References

(1) “Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.,” E.G. Kennedy, P.Eng., 1980.

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, American Lithium Corp., green energy, lithium
Posted in Durango Resources, Small Cap Lithium Stocks | Comments Off on Durango Assays 199.5 G/T Silver over 1.2 Metres in Channel Samples, 2.06% Copper from Grab Samples, and Discovers New Showings at Dianna Lake $DGO.ca

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