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CLIENT FEATURE: Explor Resources (EXS: TSX-V) Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 10:34 AM on Thursday, April 28th, 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 2.5 KM From Lake Shore Gold Mine
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)

12 Month Stock Chart

Tags: #mining, #smallcapstocks, $TSXV, Abitibi Greenstone Belt, Lake Shore Gold (TSX:LSG), Rogue Resources Inc. (TSX VENTURE: RRS), Teck Resources (tck.b: tsx), West Timmins Mining Inc. (TSX:WTM)
Posted in AGORACOM Client Feature, All Recent Posts, Explor Resources Inc. | Comments Off on CLIENT FEATURE: Explor Resources (EXS: TSX-V) Flagship Property Hosts NI 43-101 Resource of 609,000 oz Indicated / 470,000 Inferred Gold $EXS.ca

Durango Joint Ventures NMX East Lithium & Buckshot Graphite Projects $DGO.ca

Posted by AGORACOM-JC at 10:27 AM on Thursday, April 28th, 2016

Announced that it has entered into a joint venture agreement with BC Anthracite Inc.Â in relation to the Company’s NMX East Lithium Project and Buckshot Graphite Project
NMX East Project is approximately 700 hectares and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) proposed Whabouchi Spodumene Mine with 23Mt Proven and Probable @ 1.53% Li (see TSX.V-NMX press release of April 4th, 2016)

Vancouver, BC / April 28, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has entered into a joint venture agreement with BC Anthracite Inc. (“BCA”), in relation to the Company’s NMX East Lithium Project (“NMX East”) and Buckshot Graphite Project (“Buckshot”).

The NMX East Project is approximately 700 hectares and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) proposed Whabouchi Spodumene Mine with 23Mt Proven and Probable @ 1.53% Li (see TSX.V-NMX press release of April 4th, 2016). The Buckshot Project is 240 hectares and is located to the east of Canada Carbon Inc.’s (TSX.V-CCB) Miller Graphite Project.

The Company received a non-refundable deposit of $10,000 CAD in return for granting BCA a 60-day due diligence period to conduct site visits and commission a NI 43-101 Technical Report on each property.

BCA may earn up to a 100% interest in NMX East and Buckshot as follows:

-An additional cash payment of $50,000 CAD payable to the Company together with $100,000 CAD in exploration expenditures must be completed with a report acceptable for filing with the Quebec government by November 2016 to earn a 25% interest in the projects.

-Upon BCA completing a listing on a publicly recognized stock exchange or upon BCA completing a capital raising of not less than A$1 million, whichever is sooner, Durango will receive an additional cash payment of $100,000 CAD together with 1,000,000 fully paid ordinary shares in BCA, at which point Durango will transfer a further 75% of the projects to BCA.

-BCA will commit to spending a minimum of $2,000,000 CAD in exploration over a five (5) year period on the projects, with minimum expenditures each year to satisfy Quebec Ministry of Mines minimum work program requirements and fees to keep all claims in good standing.

In the event that BCA terminates the agreement it will return the claims to the Company with a minimum of twelve (12) months of good standing from the termination date.

Upon completion of the transfer of projects, Durango will be granted a 2% NSR that can be converted into a 10% free equity interest within six (6) months of the completion of a Pre-Feasibility Study on either of the Projects, with such conversion being at the absolute discretion of the Company. If Durango does not elect to convert the initial 2% NSR into the 10% free carried equity interest within 6 months of completion of a Pre-Feasibility Study, then Durango will retain only the initial 2% NSR and have no other equity interests in the Project or the joint venture.

BCA will have the right to purchase the 2% NSR from Durango for the consideration of $500,000 CAD which may be paid by cash or shares at the election of the Company, subject to regulatory approvals.

Durango will be entitled to additional cash and/or share performance payments as follows:

a)CAD $250,000 on minimum JORC or NI 43 101 of greater than 20Mt Reserves and <1.6% Li20;
b)CAD $250,000 on minimum JORC or NI 43 101 of greater than 60Mt Reserves and <1.6% Li20;
c)CAD $250,000 on minimum JORC or NI 43 101 of greater than 20Mt Reserves and <20% Cgr; and
d)CAD $250,000 on minimum JORC or NI 43 101 of greater than 100Mt Reserves and <17% Cgr.

Up to 50% of the total consideration payable under this can be paid in fully paid ordinary shares issued at a 10% discount to the 10-day Volume Weighted Average Price (VWAP) at the discretion of BCA and is subject to regulatory approvals.

Marcy Kiesman, Durango CEO stated:

“We are excited to be working with BC Anthracite in advancing our lithium and graphite projects. The partnership offers Durango shareholders significant upside in the booming lithium and graphite sectors while conserving shareholder capital. This partnership will help Durango better understand the regional geology which will aide in the development of our additional areas of interest at a reduced cost to our shareholders while providing cash and shares as consideration.”

Gino D’Anna, BC Anthracite Executive Director stated:

“We look forward to working with Durango to develop these exciting assets. Lithium and graphite will play a tremendous role in feeding innovation as well as serving a growing lithium-ion battery market for electric cars, mobile devices and mass energy storage units. Quebec boasts a supportive Government with respect to mineral development and has the necessary infrastructure to lead internationally in major resource development.”

Durango’s management is planning to undertake an exploration program on its other lithium claims adjacent to Nemaska Lithium Corp. and is working with crews to establish timelines and will provide updates as the plans develop.

About BC Anthracite NL

BC Anthracite is an exploration company focused on advancing copper, anthracite, lithium and graphite projects in Canada, with a vision to resources innovation in the high-end steel industry and emerging lithium-ion battery markets. It owns 100% of the Groundhog South Anthracite Project in British Columbia which boasts an NI 43-101 Exploration Target of 2.3-3.8 billion tonnes of high grade and ultra-high grade anthracite.

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 lithium property 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 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 completion of the work programs contemplated by the joint venture agreement, obtaining requisite approvals of the TSX Venture Exchange, BCA completing a public listing of its shares, 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, lithium, Nemaska Lithium Inc.
Posted in Durango Resources | Comments Off on Durango Joint Ventures NMX East Lithium & Buckshot Graphite Projects $DGO.ca

Uragold Investors Exercise Over 6.5 Million Warrants and Options Since March 3, Adding $520,000 To Balance Sheet $UBR.ca

Posted by AGORACOM-JC at 9:44 AM on Wednesday, April 27th, 2016

Uragold_new

Between March 3 and April 25 2016, $ 519,756 was raised through the exercise of agent options, options, broker warrants and warrants
More specifically 6,227,768 warrant, 255,909 agent options, 100,000 options and 61,500 broker warrants were exercised

Montreal, Quebec, Canada / April 27 2016 / – Uragold (TSX Venture: UBR) would like to inform its shareholders that between March 3 and April 25 2016, $ 519,756 was raised through the exercise of agent options, options, broker warrants and warrants. More specifically 6,227,768 warrant, 255,909 agent options, 100,000 options and 61,500 broker warrants were exercised.

Bernard Tourillon, Chairman and CEO of Uragold stated “The raising of $519,756,30 in such a short time frame through different instrument exercises gives Uragold greater financial flexibility to advance both of our major initiatives forward – the imminent spin out of our Beauce Gold Property and of course our Solar Grade Silicon Metal initiative.”

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

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 Uragold Quartz into Solar Grade Purity Si.

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 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

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

http://agoracom.com/ir/UragoldÂ 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.

About Our Beauce Gold Project – Preparing To Be Spun Out To Unlock Value

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 37 claims 100% owned by Uragold Bay Resources, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

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.uragold.com

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

Tags: #mining, #smallcapstocks, $TSXV, High Purity Quartz, High Purity silica, PyroGenesis
Posted in Uragold | Comments Off on Uragold Investors Exercise Over 6.5 Million Warrants and Options Since March 3, Adding $520,000 To Balance Sheet $UBR.ca

CLIENT FEATURE: American Creek’s Treaty Creek adjacent area host to Over 130M Oz of Gold, 800 million ounces of silver and 20 billion pounds of copper $AMK.Ca

Posted by AGORACOM-JC at 1:51 PM on Tuesday, April 26th, 2016

AMK: TSX-V

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
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

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, #silver, #smallcapstocks, $TSXV, copper, gold, Pretium Resources (PVG.T), Seabridge Gold (SEA.T)
Posted in AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd. | Comments Off on CLIENT FEATURE: American Creek’s Treaty Creek adjacent area host to Over 130M Oz of Gold, 800 million ounces of silver and 20 billion pounds of copper $AMK.Ca

Nevada Energy Metals Expands Lithium Exploration Potential at San Emidio $BFF.ca

Posted by AGORACOM-JC at 7:57 AM on Tuesday, April 26th, 2016

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

Nevada Energy Metals Inc. “the Company“ TSX-V: BFF (OTC: SSMLF) (Frankfurt: A2AFBV) is pleased to announce the Company has increased the exploration potential of the San Emidio property by adding 69 additional claims to its land position. The property now includes 155 claims (approximately 3,100 acres/1255 hectares) in the San Emidio Desert, Washoe County, Nevada, 95 km northeast of Reno.

The additional claims were staked to cover a portion of the playa evaluated in 1976 by Chevron Oil Company (Phoenix Geophysics report by Bruce S. Bell) for its geothermal power potential. The report states, “Almost the entire survey area exhibits definite anomalous responses which have a true resistivity less than three ohm meters. The apparent resistivity data exhibits near horizontal contours throughout parts of the anomalous area, but there is also sufficient lateral variations within each anomaly to suggest that the conductive zone is not due entirely to conductive sediments.“ Drilling will be required to determine if the responses identifies in the resistivity survey confirm the presence of brine aquifers. Importantly, historical results by previous operators exploring the playa for lithium reported lithium value in sediments up to 312 ppm and up to 80 ppm lithium in brine from a depth of 1.5 meters.

The San Emidio Desert basin is an alkali playa environment underlain by unconsolidated sediments and clays being fed by Lithium bearing geothermal fluids (US. Geothermal analyses) reported in bounding faults, and/or faults along the east side of the basin. Since mid-Tertiary time, the rocks on the eastern edge of the San Emidio Desert have undergone extensive hydrothermal alteration and the presence of near-surface thermal fluids, suggest that the thermal fluids represent deep circulation of meteoric water (Moore, J.N., 1997). The property adjoins the Empire geothermal power plant with production of 4.6 MW of electricity from a 155Â°C resource thereby providing a substantial heat source for the circulation of meteoric groundwater believed important in the formation of Lithium brine deposits as found at Clayton Valley, Nevada host to North Americas preeminent Lithium brine production. US Geothermal has reported anomalous Lithium values in the trace element analysis of their geothermal brines at Empire.

The company is pleased to report that no royalties, option payments or work expenditures have been incurred as a result of the acquisition of the San Emidio Lithium exploration project. Nevada Energy Metals Inc strives to be a leader in the exploration and development of economic Lithium deposits. Our principal activities are in Nevada and our project portfolio is expanding.

The technical information in this press release has been prepared in accordance with the Canadian regulatory requirements of National Instrument 43-101, and has been reviewed and approved on behalf of Nevada Energy Metals by Alan Morris, CPG, a qualified person.

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

Nevada Energy Metals Inc. is a well-funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 87 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America. Nevada Energy Metals has also acquired, 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a highly prospective lithium exploration project, 100% owned without any royalties, located on the western part of a large evaporation lake where a phase one, 20 hole shallow auger exploration program is in progress. Recently the Company announced the addition of the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada. The Company’s first lithium project, Alkali Lake, in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp, where near surface lithium has been confirmed.

On Behalf of the Board of Directors

Harry Barr

Chairman & CEO

450-789 West Pender St
Vancouver, BC, V6C 1H2
+1-604-428-5690
http://www.nevadaenergymetals.com
[email protected]

Tags: #mining, #smallcapstocks, $TSXV, lithium
Posted in Nevada Energy Metals | Comments Off on Nevada Energy Metals Expands Lithium Exploration Potential at San Emidio $BFF.ca

Harry Barr Makes Another Strong Lithium Move $PFN.ca

Posted by AGORACOM-JC at 10:18 AM on Monday, April 25th, 2016

Pacific North West Capital Acquires 100% of a Strategic Lithium Brine Project in Clayton Valley, Nevada

-Option to acquire 100% of a Strategic Lithium Project
Project is situated in the Clayton Valley area of Nevada
Clayton Valley hosts North Americaâ€™s largest Lithium Carbonate production operations derived from Lithium Brines
Objective to develop an economic Lithium Brine Project
Due diligence under way/exploration planning in progress
The company has a well-diversified project portfolio of Platinum Group Metals and Lithium Projects (GREEN METALS in Canada and at the U.S.A.)
The companyâ€™s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada ( http://pfncapital.com/s/Home.asp)

-The companyâ€™s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada ( http://pfncapital.com/s/Home.asp)

April 25th, 2016 Vancouver, Canada / Pacific North West Capital Corp. (â€œPFNâ€, the â€œCompanyâ€) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that is has acquired, through option, a lithium brine project in Clayton Valley, Esmeralda County, Nevada.

The company is near completion of its due diligence period with regard to the agreement. Ongoing forward plans for the project will be released after the due diligence period is complete. Announcements concerning the technical aspects of the project and the terms and conditions of the agreement will be forthcoming. Once the due diligence is completed, the project location and technical overview of the project in the Clayton Valley area of Nevada will be explained.

Management previously announced (April 6 th , 2016, April 14 th , 2016, April 21 st , 2016) that PFN is developing a Lithium and Rare Earth Division. The Companyâ€™s management team has added an additional â€œgreen metal, GMâ€ to its existing Platinum group metals (PGMâ€™s) division. These new age metals, Lithium, PGMâ€™s 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.

Nevada the Lithium Hub

Clayton Valley is located in Esmeralda county of Nevada host to the Albemarle Corporationâ€™s Silver Peak Lithium Mine and brine processing operations. The mine has been in operation since 1967 and remains the only brine based Lithium Producer in North America. The new project acquisition in Nevada will allow the company a project in an area that is well known for its Lithium Carbonate Production. Clayton Valley is a centralized location in Nevada with highway access, power infrastructure, water and local labor. The companyâ€™s new lithium brine project will be approximately 3.5 hours away from Teslaâ€™s Gigafactory, which has a planned annual lithium-ion battery production capacity of 35 gigawatt-hours per year by 2020. The companyâ€™s new project is also 3 hours north of the Faraday Electric Car Factory to be operated in Las Vegas, Nevada.

Clayton Valley was one of the few locations globally known to contain commercial-grade lithium-enriched brines.

The company is planning a detailed exploration program on its Clayton Valley lithium project for upcoming exploration season.

Nevada Building a Future for Green Energy Manufacturing

The Nevada government is actively embracing the Lithium Energy market and future ventures. In March 2016 the Nevada Board gave final approval to the Faraday Futures $1 Billion dollar electric car factory in North Las Vegas. Once this plant is operating it is estimated that it will create over 4500 jobs for the area. Tesla received over $1.25 Billion in tax incentives from the Nevada government to start up their $5 Billion Giga-factory in Reno, Nevada. The Nevada government is backing the new growth in the lithium- ion battery and electric car market. Future projected market growth will also increase the need for lithium-ion batteries. At present, the Clayton Valley area produces 4% of the worldâ€™s Lithium Carbonate production.

About The Companyâ€™s Lithium Division

The companyâ€™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 recent addition of the â€œLithium One Projectâ€ in southeastern Manitoba (PFN April 24 th , 2016 news release) has given the company a strategic opportunity for hard rock Lithium mineralization in Canada. The project is located 8.5 kilometers south of the Tanco Mine Site, North Americaâ€™s richest and longest operating hard rock mine for tantalum, lithium and cesium.

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 PGMâ€™s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the companyâ€™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:

â€“ Prepared by Tetra Tech (Wardrop)

â€“ High Confidence: Measured plus Indicated = 72% of total

â€“ Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

â€“ Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

â€“ High Grade potential, particularly in the north part of River Valley deposit

â€“ 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

-Application to the OPAâ€™s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.

-Strategic Partner Search for River Valley

For further information, please see the press releases dated Apr 6th, 2016, April 14th, 2016, April 24th by visiting PFNâ€™s website at www.pfncapital.com, or email us at [email protected]

On behalf of Management and the Board of Directors, I wish to thank our shareholders for their patience and continued support over the last 5 years as we look forward to a strong recovery in the Junior Mining industry.

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 PFN. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

Email: [email protected], or visit www.pfncapital.com

Suite 101 â€“ 2148 West 38th Ave., Vancouver, BC, V6M 1R9

On behalf of the Board of Directors

â€ Harry Barr â€

Harry Barr

Chairman and CEO

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 â€œcontinueâ€, â€œeffortsâ€, â€œexpectâ€, â€œbelieveâ€, â€œanticipateâ€, â€œconfidentâ€, â€œintendâ€, â€œstrategyâ€, â€œplanâ€, â€œwillâ€, â€œestimateâ€, â€œprojectâ€, â€œgoalâ€, â€œtargetâ€, â€œprospectsâ€, â€œoptimisticâ€ 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 Companyâ€™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 analystsâ€™ 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, lithium
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Durango Closes Purchase of Dianna Lake Silver Prospect, Host to Past Grab Samples as High as 2,480 Oz/ton Silver $DGO.ca

Posted by AGORACOM-JC at 1:11 PM on Thursday, April 21st, 2016

Announced further to its news of March 22, 2016, the Company has closed the purchase of its 100% interest in the Saskatchewan ground known as the Dianna Lake Silver Prospect by payment of $150,000
The Dianna Lake silver project consists of 131 hectares located 17 kilometres northwest of Uranium City, Saskatchewan
Host to Past Grab Samples as High as 2,480 Oz/ton Silver

Vancouver, BC / April 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces further to its news of March 22, 2016, the Company has closed the purchase of its 100% interest in the Saskatchewan ground known as the Dianna Lake Silver Prospect by payment of $150,000.

The Dianna Lake silver project consists of 131 hectares located 17 kilometres northwest of Uranium City, Saskatchewan.

It was reported this week on April 20, 2016 in the Financial Times article, “Silver surges to best performing commodity” by Henry Sanderson, “An explosive two-week rally has made silver one of the best performing commodities this year, fueled by a surge in interest from hedge funds.”

Marcy Kiesman, CEO stated “The Financial Times article referenced above outlines the Silver commodity price surge in recent weeks and the Dianna Lake Silver Prospect was drilled prior to the recent 2011 silver price highs, therefore it is a relatively new prospect being introduced to silver players worldwide. An exploration program will be announced in the coming months and, pending adequate funding, is currently planned to include drill hole testing. Having the opportunity to re-initiate exploration on a silver prospect that has not been explored in the past fifteen years is an exciting opportunity as Durango positions for discovery.”

About the Dianna Lake Silver Prospect

Durango’s Dianna Lake Silver Prospect covers a historic 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 historic 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 historic 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 historic information before a resource estimate is possible.

Fourteen additional induced polarization anomalies in the historic 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. Historic 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 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.

Tags: #mining, #smallcapstocks, $TSXV, lithium
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Pacific North West Capital Acquires Lithium One Project In Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 10:43 AM on Thursday, April 21st, 2016

Option to acquire 100% of a strategic lithium project
Claims situated 8.5 km SE of the Tanco Mine Site
40 historical surface pegmatites, many lithium bearing
Objective to develop an economic lithium hard rock project
Exploration planning in progress

April 21st 2016 / Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that is has acquired, through option, claims in southeast Manitoba with historical pegmatite lithium mineralization and assays from spodumene returning values of 2.90 to 8.20% Li2O (from Manitoba Inventory File No 190). The historic assays have not been confirmed in the field. These claims will be a part of the company’s Lithium One Project.

Management previously announced (April 14th, 2016) that PFN is developing a Lithium and Rare Earth Division. The Company’s management believes that adding an additional “green metal” to its existing Platinum group metals (PGM’s) division is warranted. These new age metals, Lithium, PGM’s 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 option on the Lithium One Project was acquired from Cliff Allbutt of Winnipeg, Manitoba, the optionor. The project area is part of the Winnipeg River Pegmatite Field. This pegmatite field is host to the world-class Tanco Mine, which has been one of the world’s richest mines for tantalum, cesium and spodumene (a major source of lithium). The mine began operations in 1969 and is still producing today.

PFN has a two year option to purchase 100% interest in the 11 unpatented contiguous mining claims. The claim area is 2,272 hectares (5,614 acres) and is situated 8.5 kilometres southeast of the Tanco Mine Site. Management believes that from the historic work on the surface pegmatites and the reported assays from that time period, that there is economic potential for further lithium (Li) mineralization.

The Lithium One Project is located approximately 125 kilometres northeast of Winnipeg, Manitoba. Historically the area is known for the presence of over 40 surface pegmatites of various dimensions and compositions. Past exploration in the region has focused on the lithium, beryllium and tantalum potential of the pegmatites. Bulk samples were removed from the pegmatites in the 1930’s but no large scale mining was undertaken due changes in the market conditions and commodity prices after the war. Lithium minerals were previously considered for the medical and ceramic industry, however in recent years lithium has seen an increased usage in the “green energy sector”. There has been limited recent exploration in the region.

Management’s technical team is presently planning a 2016 exploration program for the Lithium One Project.

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.

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 PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to 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;
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:

Click Image To View Full Size

– 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

-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.

Strategic Partner Search for River Valley

For further information, please see the press releases dated Apr 14, 2016, April 6, 2016, visit PFN’s website at www.pfncapital.com, or email us at [email protected]

On behalf of Management and the Board of Directors, I wish to thank you for your patience and continued support over the last 5 years and we look forward to a strong comeback and rotation of funding back into the Junior Mining industry.

QUALIFIED PERSON

Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

Email: [email protected], or visit www.pfncapital.com

Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9

On behalf of the Board of Directors

Harry Barr

Chairman and CEO

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, lithium
Posted in Pacific North West Capital | Comments Off on Pacific North West Capital Acquires Lithium One Project In Southeast Manitoba $PFN.ca

Analysts Expecting Higher Palladium Prices in 2016 $PFN.ca

Posted by AGORACOM-JC at 10:25 AM on Thursday, April 21st, 2016

Now that Q1 is over, it seems that analysts are a little more positive about palladium prices.

Investors following the palladium market will be glad to know that there are some positive sentiments in regards to palladium prices. Palladiumâ€“ despite having dipped in early April â€“ is trading at about 0.4 percent higher than in March, with an April 15 price of $568 per troy ounce.

While the gain is nominal, it does bring with it a degree of encouragement that palladium prices will be on their way up in the short term. Prices are still 25 percent lower than in 2015, but year to date the metal has seen a 2.3 percent increase in an environment governed by weak economic data.

That said, FocusEconomics expects to see palladium prices improving in the coming quarters.

In a recent sector update, FocusEconomics highlights that March car sales in the US â€“ a significant driver of palladium prices as palladiumâ€™s primary use is in catalytic converters â€“ came in below expectations. While this would typically be a large strike against palladium prices increasing, a weaker US dollar urged the metal on.

â€œPrices are expected to rise slowly in the coming quarters. Improvements in the global economy and a supply deficit should propel steady gains.â€ The firmâ€™s Consensus Forecast project shows that analysts are of the mind that palladium prices will average US$626 per troy ounce in Q4 2016. Furthermore, the consensus is that prices will rise to an average of $724 in Q4 2017.

For the most part, the analysts surveyed in the consensus â€œsee the price of palladium rising by Q4 2016.â€ The disconnect, however, remains on the extent of the recovery. â€œFor Q4 2016, the maximum price forecast is USD 698 per troy ounce, while the minimum is projected to be USD 550 per troy ounce.â€ the report notes.

Palladium price forecasts

Delving deeper into the outlook for palladium prices, investors in the metal might be interested to know what some of the top minds in the sector are anticipating in terms of price activity for the next quarter and end of year. Hereâ€™s a sample:

ABN AMRO: expects to see a Q2 2016 palladium price of $592. Meanwhile, at year end the firm expects to see prices increase to $650

ANZ: expects to see a Q2 2016 price slightly lower at $525. Still more modestly, the firmâ€™s Q4 2016 price will be holding on to a continued $550.

BMO Capital Markets: more optimistic than ANZ, BMO sees prices for the second quarter to be averaging $575. Meanwhile, year end the firm hopes to see $600 per troy ounce.

JP Morgan: likely the most optimistic estimate included on the FocusEconomics report, JPM is expecting a $675 per troy ounce in Q2 prices. While the firm sees prices reaching $700 in Q3, its Q4 expectation is slightly lower at $692.

With current palladium prices at $583.75, it will be interesting to see which firms are on the mark and which have missed it.

Donâ€™t forget to follow us @INN_Resource for real-time news updates.

Source: http://investingnews.com/daily/resource-investing/precious-metals-investing/palladium-investing/palladium-prices-2016-analyst-predictions/?mqsc=E3833309&utm_source=WhatCountsEmail&utm_medium=INN_FullList+Palladium%20Investing+Palladium%20Investing&utm_campaign=Palladium%20Investing

Tags: #mining, #smallcapstocks, $TSXV, palladium
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American Creek Resources Receives Approval for Treaty Creek NSR Buydown $AMK Creek Resources Receives Approval for Treaty Creek NSR Buydown

Posted by AGORACOM-JC at 9:07 AM on Thursday, April 21st, 2016

TSX Venture Exchange has approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016.
The deemed price of the 15,000,000 common shares that will be issued under the agreement is $0.05 per common share.

CARDSTON, ALBERTA–(April 21, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) reports that the TSX Venture Exchange has approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. The deemed price of the 15,000,000 common shares that will be issued under the agreement is $0.05 per common share.

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.

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 Resources Receives Approval for Treaty Creek NSR Buydown $AMK Creek Resources Receives Approval for Treaty Creek NSR Buydown

Posts Tagged ‘#mining’

Now that Q1 is over, it seems that analysts are a little more positive about palladium prices.

Palladium price forecasts

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