#mining « AGORACOM Small-cap Investor Relations Blog

Posts Tagged ‘#mining’

Durango Initiates Sampling Program at Dianna Lakesilver Prospect In Saskatchewan $DGO.ca

Posted by AGORACOM-JC at 10:10 AM on Wednesday, July 13th, 2016

Commencing a sampling program this coming week at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan
Sampling and mapping program will commence on July 17, 2016 and will take place over approximately one week

Vancouver, BC / July 13, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it will be commencing a sampling program this coming week at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan.

The Company confirms that the sampling and mapping program will commence on July 17, 2016 and will take place over approximately one week. The program aims to achieve the following goals:

-Verify and expand the area of historical anomalous assay values in and around the main Dianna Lake silver showings at Pit #1, Pit #2, and Pit #6 by means of outcrop mapping and sampling, and channel sampling;-Conduct detailed mapping and sampling across the four undrilled and underexplored historically identified IP (induced polarization) anomalies. Historical drilling of two other IP anomalies on the Dianna Lake property defined the bulk of the current zone of mineralization on the property (1); and-Establish the extent of the copper anomalies identified in Pit #7. Historical samples in this location yielded up to 5.87% Cu and 2.6 oz/t Ag (historical sample of up to 5.87% Cu and 2.6 oz/t Ag (1)).

The following historical samples are summarized in an evaluation report prepared for Comaplex Resources Corporation following a drilling, geophysical, and surface sampling program in 1980 (1). Pit dimensions are summarized in Table 1. Historical assay results for the most significant pits are shown below in their entirety in Table 2a and 2b, with a map of the trench locations shown in Figure 1. All samples from the trenches were recorded as grab samples. No significant work has been reported on the property since this program.

Table 1. Dimensions of significant historical trenches

Trench	Length (m)	# of samples taken	Remarks
Pit #1 (main)	14.6	17	Main section of Pit 1
Pit #1 (north extension)	7.1	10	Northern extension of Pit 1
Pit #2	7.4	7
Pit #6	7.8	4
Pit #7	8.4	11

Table 2a. Historical samples from the Dianna Lake property (arranged in order of Ag content)

Pit #1 (Main)		Pit #1 (North)		Pit #2
Ag (oz/t)	% Cu		Ag (oz/t)	% Cu	Ag (oz/t)	% Cu
2458.4	–		336.0	0.05	298.0	0.46
684.4	0.05		225.5	0.14	197.0	0.65
647.4	–		9.8	0.17	20.4	0.77
600.2	–		6.0	0.31	20.4	0.02
464.6	0.10		4.1	0.42	16.2	0.26
454.8	–		3.6	0.36	14.2	0.36
407.2	0.01		3.4	4.92	12.2	0.46
405.4	–		2.8	0.73
383.4	–		1.5	0.43
321.0	–		1.2	0.43
242.6	0.02
240.5	–
185.0	0.02
56.4	–
31.0	0.10
17.0	0.02
16.7	0.02

Table 2b. Historical samples from the Dianna Lake property (arranged in order of Ag content)

Pit #6 (Main)		Pit #7 (North)
Ag (oz/t)	% Cu		Ag (oz/t)	% Cu
54.6	0.1		8.4	0.19
45.1	0.04		5.0	4.92
18.2	0.05		4.7	2.35
11.1	0.19		3.1	1.15
1.6	0.19		2.6	5.87
			2.6	1.18
			2.4	1.95
			2.3	1.06
			2.1	0.62
			1.9	0.94
			1.5	0.48

(The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.)

Figure 1. Trench locations and historical assays

Click Image To View Full Size

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

About the Dianna Lake Silver Prospect

Durango’s Dianna Lake Silver Prospect covers a historical area in which, from 1968 to 1969, two high-grade, primarily native silver-bearing exploration targets of between 30,000 and 50,000 tonnes grading five to 10 ounces per ton silver, approximately 600 metres apart, were determined by trench grab sample assays, according to a 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 anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton Ag and 0.4 per cent Cu” (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 induced polarization 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 Ag-Cu mineralization over approximately 80 metres. Historical grab samples from Pit 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 Ag. Out of 18 grab samples, 13 samples assayed between 185.0 and 2,458.4 ounces per ton. Pit 2 grab samples returned reported highs of 298.0 and 197.0 ounce per ton Ag (out of seven samples ranging from 12.2 to 298.0 ounces per ton Ag) (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 Mr. Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 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, PEng, 1980.

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to 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, #silver, #smallcapstocks, $TSXV, copper, gold
Posted in Durango Resources, Small Cap Lithium Stocks | Comments Off on Durango Initiates Sampling Program at Dianna Lakesilver Prospect In Saskatchewan $DGO.ca

PFN Launches 2016 PGM Exploration Program at River Valley Platinum Group Metal Project, Sudbury, Ontario $PFN.ca

Posted by AGORACOM-JC at 9:15 AM on Wednesday, July 13th, 2016

-Field crew mobilized to PFN’s 100% owned River Valley PGM property

-Summer surface exploration followed by fall drill program

-Surface exploration to guide planning of Fall Drill Program, on T2 discovery and exploration for more T2-like discoveries, along the strike to the east and to the south

-River Valley, a primary PGM deposit with 2.5 Moz PGM in near-surface, Measured and Indicated resources, within 100 km of Sudbury – one of Canada’s largest, undeveloped, Primary PGM Reserves.

-Strong infrastructure support, with year-round road access and nearby rail, power and communities

-4 New, 100% owned Lithium Projects, with Pegmatite deposits, in Manitoba and one Brine Exploration Project, Clayton Valley, Nevada

Vancouver, BC / July 13, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF announces the launch of its 2016 Exploration Program, at its 100% owned River Valley Platinum Group Metal (PGM)-Copper-Nickel Project, near the city of Sudbury, Ontario (Figure 1). PFN’s key objective for 2016 is to follow-up drilling at the high-grade T2 discovery, in order to confirm that it has the potential to warrant resource delineation drilling. To that end, the 2016 Exploration Program consists of two components: 1) a Surface Exploration Program for the summer field season; and 2) a follow-up Diamond Drill Program for the fall. Each of the components will be carried out under Exploration Permit PR-13-10095R and with financial support from the Junior Exploration Assistance Program (JEAP) (see PFN press release dated June 15 th , 2016).

The Surface Exploration Program consists of geological mapping, mineral prospecting, sampling, assaying, litho-structural studies, drill core review and 3D modelling. The program focus is on areas with indications of higher-grade mineralization that remain under-explored. One such priority area is the surface above the T2 discovery (Figure 1). Two holes drilled at T2 in early 2015 (see PFN press release dated March 11, 2015) intersected higher-grade, near-surface PGM mineralization, under cover and in the footwall, to the east of the main mineralized trend at Dana North Zone. Highlights include 2.1 g/t PGM/16m from 184m downhole in Hole 1 and 2.8 g/t PGM/18m from 137m downhole in Hole 2. The T2 Discovery Mineralization remains open, up-dip to surface, at depth and east along the strike for 2 km, to the Pardo Zone (Figure 1). Furthermore, the Pardo Zone itself is mineralized, but also remains under explored.

Elsewhere at River Valley, the Surface Exploration Program will cover areas from which previous grab samples, grading up to 60 g/t PGM were taken, and that remain under explored. Previous and new assay data will be integrated with litho-structural data, in order to define the extents of potentially high-grade mineralization, within the main mineralized trend on the basal contact (i.e., Contact Style Mineralization) and internally within the River Valley Intrusion (i.e., Reef Type Mineralization) (Figure 2). In addition, the previous discovery of the Spade Zone (see PFN press release dated June 19, 2012) is to be examined for controls on the apparent thickening of the mineralization at that location (see Azen-Spade Zone in Figure 1). Overall, the Surface Exploration Program, as currently planned, requires 3-4 weeks of field time, from about mid-July to mid-September. The results of the Surface Exploration Program will be used to further guide and refine planning of the fall Diamond Drill Program.

The fall 2016 Diamond Drill Program, as currently planned, consists of four drill holes for a total of 1000m, at the T2 Discovery (Figure 3). The holes are designed to expand the near-surface, high-grade PGM mineralization up-dip, down-dip and eastward along the strike. Pending successful drill results, six additional holes are planned for drilling at T2, in early 2017. That program would then be followed by a Delineation Drill Program, for resource modelling. In addition, drill testing would be carried out on other priority T2-like targets (currently 9 in total) developed along the 12 km strike length of the River Valley PGM deposit, on PFN’s property (Figure 4).

About Pacific North West Capital Corp.

Pacific North West Capital Corp. (TSX.V: PFN; OTCQB: PAWEF; Frankfurt: PJ7) is a mineral exploration company, focused on the Discovery, Exploration and Development of one of Canada’s largest primary Platinum Group Metals (PGM) deposits, the River Valley PGM Project, located in the Sudbury region of Northern Ontario. The Company also has a Lithium Division (Li), with 5 Li Projects.

Management’s corporate philosophy is to be a Project Generator, Explorer and Project Operator, with the objective of Option/Joint Venturing its projects, with major and junior mining companies, through to production. Pacific North West Capital Corp. is a member of the International Metals Group of Companies. For further information on the Company and its projects, please visit: www.PFNCapital.com

Click Image To View Full Size

Figure 1. River Valley location (inset) and property geology maps, showing the position of the Target T2 discovery, at the north end of the PGM deposit (red), between the Dana North Zone to the east and the Pardo Zone to the north. Note: location of the Azen-Spade Zone discovered in 2012 but never followed up.

Click Image To View Full Size

Figure 2. Geological map showing the distribution of surface grab samples with grades of >=1 g/t Pd + Pt (PGM).

Click Image To View Full Size

Figure 3. Map view of 3D models, for the T2 discovery, showing drill collar locations and holes traces, of the four holes planned for drilling in the fall of 2016. In this view, the T2 feature is 100-150m below surface, whereas Dana North is at surface. Holes labelled T2-01 and T2-02 are T2 discovery holes, drilled in early 2015. The T2-03 to T2-03 distance = 50m.

Click Image To View Full Size

Figure 4. Map showing location of three T2-like drill targets at the north end of the River Valley PGM deposit.

About PFN’s Platinum Group Metals Division

River Valley is one of Canada’s largest undeveloped primary PGM deposit.

Achievements to date and future plans for River Valley are outlined below as follows:

1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down
2.Completed exploration and development programs, on the River Valley property, include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
3.Results for the current (2012) mineral resource estimate are below;
4.2015 Diamond Drill Program confirms new high grade T2 discovery
5.Exploration and development plans outlined for 2016
6.Ongoing strategic partner search for River Valley Project
7.Results for the 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 River Valley deposit

– Resources under evaluation for development potential as open pit mining operation

Click Image To View Full Size

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

-Drill hole intercepts much higher than the average grade of current mineral resource estimate

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required

Click Image To View Full Size

9. Exploration and Development Plans for 2016

-Mineral prospecting and geological mapping on surface

-Drill programs targeted to add more higher grade

-Geological interpretation and 2D/3D modelling of all drill and surface results

-Strategic Partner Search for River Valley

About PFN’s Lithium Division

The company’s Lithium Division will focus on the Discovery, 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 25 th , 2016 and May 9 th , 2016). The company also has several Hard Rock Lithium projects in Canada. To date the company has acquired 4 Hard Rock Lithium projects in the Winnipeg River Pegmatite Field, in southeast Manitoba (April 21 st 2016, May24 th , 2016, June 15 th , 2016 and July 5 th , 2016). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities since 1969. Today, the Tanco Mine is focused on the mining and production of Cesium Formate, a completion fluid for the petroleum industry. PFN’s Li projects are strategically situated to further explore this Pegmatite Field. Presently, the company is the largest claim holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal prices have improved drastically in recent months. Lithium supplies remain in deficit, relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of 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.

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

Chairman and CEO

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

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

Tags: #mining, #smallcapstocks, $TSXV, PGM, pladdium, Platinum
Posted in Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on PFN Launches 2016 PGM Exploration Program at River Valley Platinum Group Metal Project, Sudbury, Ontario $PFN.ca

Uragold Bay Resources Changing Name to HPQ Silicon Resources and Stock Symbol In Preparation For Gold Asset Spin Out $UBR.ca

Posted by AGORACOM-JC at 1:54 PM on Monday, July 11th, 2016

Plans To Issue Dividend To Shareholders Via Spin Out Of Gold Projects
Legal name of Corp been changed to HPQ Silicon Resources Inc.
Changing its TSX Venture stock symbol to HPQ
Upon completion, shareholders of the company will own shares in two exciting companies, each of which will independently focus and advance their respective assets to create even further shareholder value

Montreal, Quebec, Canada / July 11, 2016 – Uragold (TSX Venture: UBR) is pleased to announce that its has received, from Industry Canada, a Certificate of Amendment under the Canada Business Corporations Act confirming the legal name of the Corporation has been changed to HPQ Silicon Resources Inc.

In addition, the Company will be changing its TSX Venture stock symbol to HPQ.

The exact date for the retirement of the old symbol and the start of trading under the symbol HPQ has not yet been finalized by the exchange but is expect shortly. It will be preceded by the issuance of a bulletin by the Exchange announcing the change.

REASON FOR NAME AND STOCK SYMBOL CHANGE

On March 11, 2016, the Company announced “Uragold Plans To Issue Dividend To Shareholders Via Spin Out Of Gold Projects”. The purpose of the spin out was to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders as follows:

1.High Purity Quartz & Solar Grade Silicon Metal Process – These assets and operations will remain within HPQ Silicon Resources (formerly “Uragold Bay”).
2.The Beauce Gold Project – This asset will be spun out into a new publicly listed vehicle, with details to be announced in the very near future. Shareholders of HPQ Silicon Resources (formerly “Uragold Bay”) will receive shares in the new company.

Upon completion, shareholders of the company will own shares in two exciting companies, each of which will independently focus and advance their respective assets to create even further shareholder value.

A NEW CORPORATE IDENTITY

“Our new corporate identity represents another milestone in the Company’s transformation into a vertically integrated and diversified High Value Specialty Materials Company. We will be exclusively focused on becoming a High Purity Quartz Supplier and the Cleanest, Greenest and Lowest Cost Producer of Solar Grade Silicon Metal, thanks to our exclusive worldwide licenses to use PyroGenesis’ PUREVAP(TM) Quartz Vaporization Reactor, (“QVR”),” said Bernard J Tourillon Chairman and CEO. “We plan to reveal a more complete view of the HPQ Silicon brand and an updated website in the comings weeks but wanted to provide advance notice of these changes to our valuable shareholder base.”

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 Specialty Materials Company. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Vaporization Reactor (QVR) 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 QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of HPQ Silicon Quartz into Solar Grade Purity Si.

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% and that samples are to be sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

HPQ Silicon, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP(TM) QVR process’s big 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 Uragold 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 PyroGenesis PUREVAP(TM) QVR Process Is Solid:

-Plasma arc based process can and has transformed High Purity Quartz into Mg Si.

-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

-Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

A Green And Clean Company

HPQ Silicon Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR 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.

For further information contact

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

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

Tags: #mining, #smallcapstocks, $TSXV, High Purity Quartz, High Purity silica, HPQ Silicon Resources Inc.
Posted in All Recent Posts, Uragold | Comments Off on Uragold Bay Resources Changing Name to HPQ Silicon Resources and Stock Symbol In Preparation For Gold Asset Spin Out $UBR.ca

INTERVIEW: Liberty Star Discusses Hay Mountain Gold Anomaly $LBSR.us

Posted by AGORACOM-JC at 12:08 PM on Monday, July 11th, 2016

Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

Hub On AGORACOM / Corporate Profile / Watch Interview

Tags: #mining, #smallcapstocks, $TSXV, copper, gold, hay mountain, otcqb, uranium
Posted in AGORACOM Via Satellite, Liberty Star Uranium and Metals | Comments Off on INTERVIEW: Liberty Star Discusses Hay Mountain Gold Anomaly $LBSR.us

Durango Acquires Silver Property Near Chibougamou, Quebec $DGO.ca

Posted by AGORACOM-JC at 10:34 AM on Thursday, July 7th, 2016

Acquired a series of claim cells adjacent to and near TomaGold Corporation’s Obalski project near Chibougamau, Quebec
Claims are host to a historic outcrop sample which was reported to contain 220,000 ppm (22.0%) silver, 131,130 ppm (13.1%) copper, and 1,866 ppb gold
Unique sample is one of only nine samples from the entire province of Quebec recorded in the SIGEOM sample database which contain greater than 100,000ppm silver.

Vancouver, BC / July 7, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that is has acquired a series of claim cells adjacent to and near TomaGold Corporation’s Obalski project near Chibougamau, Quebec.

The claims are host to a historic outcrop sample which was reported to contain 220,000 ppm (22.0%) silver, 131,130 ppm (13.1%) copper, and 1,866 ppb gold. The unique sample is one of only nine samples from the entire province of Quebec recorded in the SIGEOM sample database which contain greater than 100,000ppm silver. (1) *

* The reader is cautioned that a Qualified Person has not verified the sample cited in this release, as the sample material no longer exists. The sample is a selected sample that may not be representative of mineralization hosted on the property.

President Marcy Kiesman stated, “We are excited to acquire this new property in Quebec with exceptionally high silver, gold and copper values and in close proximity to our Trove Windfall Lake and Decouverte gold projects. The property’s proximity to Chibougamou is also highly advantageous from a logistical perspective, as our team will be able to access all three properties from the same location. This will allow our team to segue between projects with minimal cost and interruption.”

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., OGQ member #1904, a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

References

(1)SIGEOM unique sample 2010052478.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, 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, but not limited to the development, 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.

Tags: #mining, #silver, #smallcapstocks, $TSXV
Posted in Durango Resources | Comments Off on Durango Acquires Silver Property Near Chibougamou, Quebec $DGO.ca

Uragold Announces Closing of Over-Subscribed Private Placement Totalling $1,060,340 $UBR.ca

Posted by AGORACOM-JC at 3:24 PM on Wednesday, July 6th, 2016

Completed the two previously announced non-brokered private placements
Demand for the hard cash unit’s private placement was such that it exceeded the over-allocation allotments reservation

Montreal, Quebec, Canada / July 6, 2016 – Uragold (TSX Venture: UBR) is pleased to announce that it has completed the two previously announced non-brokered private placements. Demand for the hard cash unit’s private placement was such that it exceeded the over-allocation allotments reservation mention in the May 25, 2016 press release.

Private Placement

The first private placement of hard cash units (“HC Unit”) completed consist in the issuance and sale of an aggregate amount of 6,200,000 units (“Unit”) at $0.14 per Unit for gross proceeds of $868,000.

Each HC Unit are comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement.

The second placement of Flow Through Shares (“FT Shares”) completed consist in the issuance and sale of an aggregate amount of 1,373,856 FT Shares at $0.14 per Unit for gross proceeds of $192,339.80.

Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

In Connection with the above placements, the Company paid a cash finder’s fee of $62,420 and will issued 356,686 common shares and 89,172 options to EMD Financial Inc. of Montreal Quebec. Each option will give the right to purchase one (1) common share at 14 cents for 24 months.

Bernard Tourillon, Chairman and CEO of Uragold stated, “We are very encourage by the strong demand generated by the Hard Cash private placement, this bodes well for our future development as we transition into our new Corporate Identity, HPQ Silicon Resources Inc.”

The Funds raised will be used for general corporate expenditures and to finance our ongoing development strategy where, in combination with our presents and anticipated PUREVAPTM QVR development programs; we will be starting a field exploration campaign program on our Roncevaux Quartz Property in order to delineate a resource. This is the first step required for the preparation of a Preliminary Economic Assessment (“PEA”) of Roncevaux as the feed material for the PyroGenesis’ PUREVAP(TM) QVR process.

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The Science Behind PyroGenesis PUREVAP(TM) QVR Process Is Solid:

-Plasma arc based process can and has transformed High Purity Quartz into Mg Si.

-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

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

A Green And Clean Company

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR 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

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

For further information contact

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

Tags: #mining, #smallcapstocks, $TSXV, High Purity Quartz, High Purity silica
Posted in Uragold | Comments Off on Uragold Announces Closing of Over-Subscribed Private Placement Totalling $1,060,340 $UBR.ca

CLIENT FEATURE: Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Posted by AGORACOM-JC at 10:06 AM on Wednesday, July 6th, 2016

AMK: TSX-V, ACKRF: OTC Pink

WHY AMERICAN CREEK RESOURCES?

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
20% fully carried interest
So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

RECENT HIGHLIGHTS

Closed two separate joint venture agreements with Tudor Gold Corp. (TSX VENTURE:TUD) (Read Release)
Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
TSX Venture Exchange approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. Read Our Recent Blog

Exceptional Properties

Electrum Gold-Silver Property, British Columbia â€“ 100% owned

The Electrum property has a rich history with some of the highest grade hand-mined ore mined in North America combined with excellent logistics. The property is located directly between two high-grad vein gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017).All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

The Electrum Property holds significant potential to attract mining companies when considering its high-grade nature combined with the exceptional logistics in place.

Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri.It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
Located in a particularly rich valley with 4 past producing commercial mines and a 5^th in the adjacent valley.
Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tone (roughly 50oz gold with 75oz silver).
Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine as well.
Exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, with numerous silver intervals of 583g/t, 501 g/t, 420 g/t, 384 g/t in core, and surface samples of 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.
A very successful program was run in 2015 wherein:
- A new approach focusing on high-grade was employed very successfully
- A new zone of gold / silver mineralization was discovered
- A better understanding of the property geology was obtained
- Surface samples from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
Excellent logistics including road access, power located 2 km away and a bulk tonnage shipping port and supportive mining town located just40 km away in a mining friendly jurisdiction.

The high-grade ELECTRUM PROPERTY recently had a program run on it. CLICK HERE for the Electrum presentation and HERE for the 2015 drill program presentation. The highly mineralized gossans on the Electrum are shown in the image at the top of this page.

2015 Drill Program Presentation

Treaty Creek Gold-Copper Property, British Columbia â€“ 51% Joint Venture

Treaty Creek Property

Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Seabridge Goldâ€™s KSM is the worldâ€™s largest undeveloped gold/silver project by reserves while Pretiumâ€™s Brucejack is the highest grading undeveloped large-scale gold project in the world.KSM has just past the environmental and permitting stage while the Brucejack is in construction phase.
Treaty Creek is part of the same large hydrothermal system as itâ€™s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on the neighbours claims, the same major fault system (Sulphurets) that is responsible for KSMâ€™s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.

The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.

Tags: #mining, #smallcapstocks, $TSXV, Seabridge Gold (SEA.T), Treaty Creek
Posted in AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd. | Comments Off on CLIENT FEATURE: Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Explor Closes a Private Placement of Unsecured Convertible Debentures $EXS.ca

Posted by AGORACOM-JC at 3:37 PM on Tuesday, July 5th, 2016

Closed a non-brokered private placement of $1,200,000
Each Warrant included in a Unit will allow the subscriber to purchase one common share of the Corporation at an exercise price of $0.20 for a period of two years ending July 5, 2018

ROUYN-NORANDA, QUEBEC–(July 5, 2016) – Explor Resources Inc. (“Explor” or the “Corporation“) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) announces that it has closed a non-brokered private placement of $1,200,000 (the “Placement”). The Placement consists of an amount of 1,200 units at a price of $1,000 per Unit (the “Units“), each Unit consisting of a capital amount of $1,000 of unsecured convertible debentures (the “Debentures“) and of 3,333 common share purchase warrants of the Corporation (the “Warrants“). The Debentures bear interest at an annual rate of 7% and expire in two years from the closing of the Placement. Each holder of Debentures will be entitled to convert the principal amount of the Debentures in common shares of the Corporation, at a price of $0.15 per share. Each Warrant included in a Unit will allow the subscriber to purchase one common share of the Corporation at an exercise price of $0.20 for a period of two years ending July 5, 2018. Therefore, the Corporation will reserve an aggregate number of 8,000,000 common shares of its capital stock in the event of the conversion of the full principal amount of the Debentures and an aggregate number of 4,000,000 of its capital stock in the event of the exercise of all the Warrants.

One insider of the Corporation has subscribed for 50% of the Placement and will now hold 16% of the outstanding shares of the Corporation, taking into consideration the conversion of the Debentures and exercise of the Warrants.

In connection with the Placement, a total of 280,000 non-transferrable warrants will be issued to Finders dealing at arm’s length with the Corporation. Each warrant will be exercisable at $0.15 per common share of Explor for two (2) years from the closing date of the Placement.

The Debentures and any shares that may be issued on conversion of the Debentures, as well as the shares that could be issued on exercise of the Warrants and of the finders’ warrants are subject to a hold period of four months and one day, expiring November 6, 2016.

The Placement is subject to the final approval of the TSX Venture Exchange.

Issuance of Shares for Services to Agora

Explor Resources also announces that pursuant to the terms of an agreement announced on April 6, 2016 with Agora Internet Relations Corp. (“AGORA“), the Corporation will issue 80,714 common shares at a deemed price of $0.14 per share to AGORA for services rendered for the period ending July 1^st, 2016, in the amount of $11,300, as scheduled in the agreement.

The common shares to be issued upon this agreement will be subject to a hold period of four months and one day from the date of issuance. The issuance of shares for Advertising Services by AGORA is subject to TSX Venture approval.

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
819-797-6050
www.explorresources.com
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, gold, Teck Resources (tck.b: tsx)
Posted in All Recent Posts, Explor Resources Inc. | Comments Off on Explor Closes a Private Placement of Unsecured Convertible Debentures $EXS.ca

Pacific North West Capital Acquires 5th, 100% Owned Lithium Project – The Lithman East Project – In Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 10:11 AM on Tuesday, July 5th, 2016

Pacific North West Capital (PFN) acquires 5th, 100% owned Lithium Project
The Lithman East Project is approximately 6.5 km to the east of the Tanco Mine site, in southeast Manitoba
The Tanco Mine was Canada’s largest and only producer of Spodumene, Tantalum and Cesium, producing from the Tanco Pegmatite
Spodumene is mined from Pegmatites and is one of the primary Lithium ore minerals in Hard Rock Lithium mines
To date this brings the total amounts of PFN’s claims in the Winnipeg River Pegmatite Field to 33, for a total area of 6,181 hectares (15,274 acres), making the company the largest area land holder in the Pegmatite field
The project is adjacent to and to the east of claims currently held by Tanco

July 5, 2016 Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF announces acquisition of a fifth Lithium Project in southeast Manitoba, through ground staking. The project is held by Lithium Canada, a 100% wholly owned subsidiary of PFN.

The Lithman East Project is situated approximately 6.5 km to the east of the Tanco Mine, which currently is producing Cesium Formate, a completion fluid for the petroleum industry, with Cesium extracted from the Tanco Pegmatite. The Tanco Pegmatite was discovered in the 1920s on the west shores of Bernic Lake. The mine went into production in 1969 and is still producing today. Previously, the Tanco Mine produced Tantalum and Spodumene (a primary Lithium ore mineral in Hard Rock Lithium mines). The mine was a Lithium mineral concentrate producer from 1986, until operations were suspended in 2009, and a Tantalum mineral concentrate producer until March 2013, when operation of the Tantalum circuit ceased. The Tanco Mine is operated by the Tantalum Mining Corporation of Canada (a division of the Cabot Corporation) and was previously North America’s largest and sole producer of Spodumene, Tantalum and Cesium. The 100% owned Lithman East Project consists of 12 claims for a total area of 2,490 hectares (6,153 acres), situated east and adjacent to mineral claims held by the Tantalum Mining Corporation of Canada.

The project area is located in the Bird River Greenstone Belt and was staked to cover portions of several Pegmatite groups in the Winnipeg River Pegmatite Field. Claims cover portions of the Bernic Lake, Rush Lake, and Birse Lake Pegmatite Groups. The Tanco Pegmatite is associated with the Bernic Lake Pegmatite Group of the Winnipeg River Pegmatite Field. Historically, numerous Pegmatites have been mapped in the region, but remain under explored. Field work is being planned to explore the area during the summer and fall of 2016.

Click Image To View Full Size

Lithium Canada Development Inc. (100% wholly owned Subsidiary of Pacific North West Capital); total land holding in SE Manitoba as of July 2016: 6,181 hectares (15,274 acres).

The Tanco Pegmatite is not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite hosted in a late-stage, subvolcanic Gabbro. Current NI43-101 compliant resource calculations are not available for the Tanco Pegmatite. Academic publications have estimated the size of the deposit to be up to approximately 57 million tonnes. The last published mineral reserves (end of 1992) were 1.075 million tonnes of 0.12% Ta2O5, 3.5 million tonnes of 2.7% LiO2, and 315,000 tonnes of 23.3% Cs2O.

PFN considers the Lithman East Project to have the potential to host additional Lithium-bearing Pegmatites similar to others found in the region. The area has strong infrastructure, with active mining. The staking of this additional ground increases PFN’s claims in the Winnipeg River Pegmatite Field to 33, for a total of 6,181 hectares (15,274 acres). Lithman East Project is situated approximately 1.5 km to the southwest of the Lithium North Project, 5.5 km north of the Lithium One Project, and 9 km east of the Lithman West Project. The project has excellent infrastructure and is located approximately 150 km (93 miles) northeast of the provincial capital, Winnipeg. The recent staking efforts by the company have allowed Lithium Canada and PFN to become the largest area land holders in the Winnipeg River Pegmatite Field, in southeast Manitoba.

Further announcements with regard to joint venture partners and exploration plans will be forthcoming.

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the 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.

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 25 th , 2016 and May 9 th , 2016). The company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21 st , 2016 and May 24 th , 2016).

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.

About the company’s Platinum Group Metals Division

Achievements to date and future plans for River Valley are outlined below as follows:

1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down;
2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
3.Results for the current (2012) mineral resource estimate are below;
4.2015 drill program confirms new high grade T2 discovery

Click Image To View Full Size

5.Exploration and development plans outlined for 2016
6.Ongoing strategic partner search for River Valley Project
7.Results for the most recent Metallurgical Testwork Study 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 River Valley deposit

– Resources under evaluation for development potential as open pit mining operation

Click Image To View Full Size

8.Results for the 2015 discovery drill program on the T2 target are as follows:

– Drill hole intercepts much higher than the average grade of current mineral resource estimate

– Possible new mineralized zone at the north end of the River Valley deposit

– Show potential to take the River Valley PGM Project in a new direction

– More drilling required

Click Image To View Full Size

9. Exploration and Development Plans for 2016:

-Mineral prospecting and geological mapping on surface-Drill programs targeted to add more higher grade-Geological interpretation and 2D/3D modeling of all drill and surface results
-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund

of all exploration expenditures up to $300,000.

-Ongoing Strategic Partner Search for River Valley

QUALIFIED PERSON

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

Tags: #mining, #smallcapstocks, $TSXV, CSE, lithium, Lithman East Project
Posted in All Recent Posts, Pacific North West Capital | Comments Off on Pacific North West Capital Acquires 5th, 100% Owned Lithium Project – The Lithman East Project – In Southeast Manitoba $PFN.ca

Durango Receives Compilation Report For Nemaska Whabouchi Properties $DGO.ca

Posted by AGORACOM-JC at 8:17 AM on Tuesday, July 5th, 2016

Identified pegmatite outcrops on Durango’s Nemaska Whabouchi area properties
Compilation report is now complete
New satellite images were acquired which displayed outcropping of pegmatites

Vancouver, BC / July 5, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to the news release of June 27, 2016, where Mr. Donald Theberge, P.Eng., M.B.A identified pegmatite outcrops on Durango’s Nemaska Whabouchi area properties, the compilation report is now complete.

During Mr. Theberge’s compilation of information on Durango’s ground adjacent to and near the proposed Whabouchi Lithium Mine in Quebec, new satellite images were acquired which displayed outcropping of pegmatites on Durango’s properties. It has been confirmed that upon examination of the high definition satellite photos, newly identified outcrops and outcropping ridges were not previously evaluated by Tucana or any other company.

The conclusion of Mr. Donald Theberge, P.Eng., M.B.A, was that all of the “blocks of property are located in a fertile environment for lithium-bearing pegmatites, and also for gold and base metals with the EM anomalies.” It is highly recommended that exploration work is initiated immediately starting with a mapping and sampling program.

Marcy Kiesman, CEO of Durango, comments, “We are very pleased to see that each of Durango’s properties have confirmed pegmatite outcrops from the satellite photos, and more importantly, that they were not previously visited or sampled during the Tucana survey. This increases the odds of success for Durango and advances its position for discovery in the Nemaska region. The final details of the exploration program are now underway and updates will be announced as they become available.”

Additionally, further to the news release of June 30th, 2016, the non-flow through Financing has closed its second tranche and has now reached a total issuance of 2,510,000 non-flow through units at a price of $0.10 per unit for gross proceeds of $251,000. Each unit is composed of one common share and one warrant entitling the holder to acquire one additional common share at an exercise price of 15 cents per warrant for a period of one year from closing. The Company will pay a finder’s fee of $9,000 cash and 90,000 finders warrants in connection with the non-flow through financing. All securities under the placement are subject to a four month hold period from the date of closing and are subject to final TSX Venture Exchange approval.

The technical contents of this release were approved by Mr. Donald Theberge P.Eng., M.B.A., a Qualified Person as defined by National Instrument 43-101. The property has not been the 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 mine, 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, but not limited to the purchase, development, completion of the Financing, 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.

Tags: #mining, #smallcapstocks, $TSXV, lithium, Nemaska Lithium Inc.
Posted in All Recent Posts, Durango Resources | Comments Off on Durango Receives Compilation Report For Nemaska Whabouchi Properties $DGO.ca

Posts Tagged ‘#mining’

Categories