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AIM Exploration Completes Comprehensive Report on Its Ability to Ship Coal Year-Round via the Port of Salaverry, Estimates Its Coal Capacity Shipments $AEXE.us

Posted by AGORACOM-JC at 12:09 PM on Monday, December 19th, 2016

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  • Company progresses in preparation for extracting, transporting, and loading of coal, we wish to provide information to our valued investors of the strategic port of Salaverry, is located 17km from the city of Trujillo
  • Positioned to ship 2 to 4 shiploads of anthracite coal per month, currently  the spot price exceeds $250.00 MT

Imports and Price of Anthracite at 23-Month High, AIM Exploration (OTCQB: AEXE) $AEXE Proceeds with its Project in Peru, Estimates Coal Capacity Shipments

HENDERSON, NV / ACCESSWIRE / December 19, 2016 / Attention, to our valued shareholders and investors and general coal industry audience:

As The Company progresses in preparation for extracting, transporting, and loading of coal, we wish to provide information to our valued investors of the strategic port of Salaverry, is located 17km from the city of Trujillo. Latitude -8º -9′ -54′ S, Longitude -79º 0′ -38′ W.

Its Cargo Pier water depth meets our demands for coal shipments at 31 – 35 feet (9.4 – 10 meters). Tide information is updated daily. Tug assist is on-ready, and quarantine stations with Deratt Cert (Ship sanitation certification) is present. Air, Radio, and Telephone communications are on-ready.

It is a major port and has met our potential client demands for Ship repairs, with refueling oil and diesel oil, water/provisioning/engine maintenance. Loading of the coal will be done in wharves and on-anchor. Mobile cranes and 24 ton Lists are available for AIM.

There are neither tide entrance restrictions nor overhead limits.

The Company has studied and consulted with its advisors, clients, and the port, and are pleased that the port is appropriate for year round loading and can provide year round shipping of coal. This efficiency allows the Company to provide coal in a cost effective, and nimble on-demand manner.

Coal supply chain approach is how the Company manages its availability. We are developing clear metrics highlighting our coal inventories at mines and the Port, the arrival date of vessels, the amount of coal being shipped from our mines. The port is ready for coal shipping; cargo shipping constitutes 42% of its monthly usage.

AIM is positioned to ship 2 to 4 shiploads of anthracite coal per month, currently the spot price exceeds $250.00 MT.

“Anthracite is necessary for steel and high-grade metal forging products. The prices currently range between $220 – $400USD per ton, and we have been monitoring the open-market prices, on sxcoal.com and alibaba.com, and they have been on the rise month over month. As the economy expands and with energy demands of G8 and emerging markets are unilaterally in line, we do not see this trend to plateau, rather it is continuing to put price pressure on un-replenishable energy resources,” says JR Todhunter, President and CEO of AIM.

As of 2016-12-08 15:39:00 China Nov coal imports hit 23-month high of 26.97 million tonnes in November, up 24.96% from October. Figures and charts are available in image links or via our twitter account.

Image: https://www.accesswire.com/users/newswire/images/451283/26414ff2-1ae6-4b80-8283-724f29fdb0c9.jpeg

Please click or copy/paste on the links in this news releases for pictures of the port.

Comprehensive pictures and supplemental information is viewable upon opening the link to the PDF and Word document. Thank you.

About Aim Exploration:

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

Forward-Looking Statements and Disclosures:

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

Contact:

AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com

Twitter: www.twitter.com/aexeqb or @aexeqb
Contact: [email protected]
Website: www.aimexploration.com

Image: https://www.accesswire.com/users/newswire/images/451283/d50c58d6-de21-4e26-af6a-15176bd74fce.jpeg

Image: https://www.accesswire.com/users/newswire/images/451283/7db42a0b-ef5e-4530-945f-1074307ff6df.jpeg

References and citations from external sources support this news release:

References #1: https://www.worldcoal.org/
References #2: https://www.searates.com
References #3: https://en.wikipedia.org/wiki/Bulk_carrier
References #4: http://www.sxcoal.com/site/index/en

Related Files

Image: https://ci5.googleusercontent.com/proxy/_3XEbJpze-8XSPfz44W6sOseI6slZmQJeFW25tvZLjG6Rb8SiIrdRTt6qx9QaX_wqPaFAbWTGEqttDJsDNDgkNM=s0-d-e1-ft#http://link.newswire.com/7c139d8134ff2a2fc3 Aim Exploration Completes Reports on its Ability to Ship Coal Year

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World Energy Hits a Turning Point: Solar That’s Cheaper Than Wind $HPQ.ca

Posted by AGORACOM-JC at 11:15 AM on Thursday, December 15th, 2016
  • Transformation is happening in global energy markets that’s worth noting as 2016 comes to an end:
  • Solar power, for the first time, is becoming the cheapest form of new electricity. 
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by

Tom Randall

A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.1

Disclosed capex for onshore wind and PV projects in 58 non-OECD countries

 

Disclosed capex for onshore wind and PV projects in 58 non-OECD countries
Source: Bloomberg New Energy Finance

 

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal

This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. 2 But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points

The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.

 

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development(OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Still, the buildup of wind and solar takes time, and fossil fuels remain the cheapest option for when the wind doesn’t blow and the sun doesn’t shine. Coal and natural gas will continue to play a key role in the alleviation of energy poverty for millions of people in the years to come.

But for populations still relying on expensive kerosene generators, or who have no electricity at all, and for those living in the dangerous smog of thickly populated cities, the shift to renewables and increasingly to solar can’t come soon enough.

 

The Peak Oil Myth and the Rise of the Electric Car
Source: https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turning-point-solar-that-s-cheaper-than-wind

 

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Soil Survey Results Prompts Claim Block Expansion at Black Rock Desert, Nevada $BFF.ca

Posted by AGORACOM-JC at 9:19 AM on Thursday, December 15th, 2016

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  • Program continued to show strongly anomalous results with 88 samples collected; 73 of them (83%) containing more than 100 ppm Li
  • Together the combined grids contain 258 samples of which 239 samples (93%) had values of greater than 100 ppm Li. Maximum values ranged up to 520 ppm Li

December 15, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company”, TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) and LiCo Energy Metals Inc. TSX-V: LIC (OTCQB: WCTXF) are pleased to announce that following positive results from an expanded soil sampling program, 71 new placer claims have been added to the Company’s Black Rock Desert Project, Nevada.

Results from the program continued to show strongly anomalous results with 88 samples collected; 73 of them (83%) containing more than 100 ppm Li. Together the combined grids contain 258 samples of which 239 samples (93%) had values of greater than 100 ppm Li. Maximum values ranged up to 520 ppm Li.

These results show that dissolved lithium has been transported into this portion of the Black Rock Desert and is available for potential concentration by evaporative brines. The exploration model for the Black Rock Project is a Clayton Valley evaporative brine deposit as described in USGS Open File Report 2013-1006.

Geochemical sample points were arranged to expand on the original 170-sample grid. Samples were collected on 200 meter intervals along lines spaced 350 meters apart. Samples were collected by a contract crew and transported to the ALS sample preparation lab in Elko, Nevada. Samples were screened to -80 mesh at the ALS prep lab in Reno, Nevada and analyzed by Aqua Regia leach mass spectrometry at the ALS laboratory in North Vancouver, B.C. Canada. QA/QC standards were inserted into the sample stream with one in twenty samples being a standard. All 6 standards in this batch were within 3% of their accepted value of 750 ppm.

About the Blackrock Desert Lithium Project:

The Black Rock Desert Lithium Project now consists of 199 placer claims, (3,980 acres/ 1,610 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. The nearest population center is the town of Gerlach, which lies 177 kilometers north of Reno.

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys, indicating a maximum thickness of valley-fill deposits of about 1,200 m/3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface.

Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous lithium values (up to 3.5 ppm) that flank the property on the west side (U.S. GEOLOGICAL SURVEY Open-File Report 81-918). While these lithium values are well below those of producing lithium brines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

The company plans to carry out additional exploration programs this fall to determine the potential for an economic lithium brine deposit. Future exploration will consist of shallow auger sampling followed by a high resolution geophysical program to define potential drill targets.

Nevada Energy Metals has entered into an agreement where LiCo Energy Metals is able to acquire a 70% interest subject to a 3% NSR royalty in the Black Rock Desert Property. Nevada Energy Metals holds a 100% interest in the property, free of royalty payments.

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

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

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has 100% ownership in 78 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (under option to Lithium America who can earn a 70% interest); 100% interest in the 100 claim Teels Marsh West Project covering 2000 acres (809 hectares) in Mineral County, Nevada; 100% interest in the San Emidio Desert Project consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; 100% interest in the 710 claim Dixie Valley Project covering about 5746 hectares (22 square miles) of playa and alluvial fan; 100% interest in the BSV Lithium Project – 160 claims, with an area of 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada; 100% interest in the Black Rock Desert Property – 199 claims (3,980 acres/ 1,610 hectares) located in southwest Black Rock Desert, Washoe County, Nevada (now optioned 70% interest to LiCo Energy Metals Inc.).

On Behalf of the Board of Directors

Rick Wilson, President & CEO

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

Disclaimer for Forward-Looking Information:

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

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Casino Gamblers’ Spending Prognosis Expected to Bump by 3.5 Percent Through 2020 $GMBL

Posted by AGORACOM-JC at 9:11 AM on Thursday, December 15th, 2016

Casino consumer spending is ready for takeoff. According to a study titled “Gambling: United States” conducted by Freedonia Focus Reports, an Ohio-based market analytics firm, gambling will grow in the United States at an annual rate of 3.5 percent through 2020.

casino consumer spending Steve Wynn

  • “States will attempt to overcome stagnating gaming receipts by proposing new forms of, or locations for, gaming such as retail gaming, satellite casinos, and slots at airports,” Spectrum predicts. “More casinos in Las Vegas and Atlantic City will stage eSports events and contests, while Atlantic City will attempt to reposition itself as an eSports hub.”

Due to increased consumer spending, domestic casinos should see their revenues and bottom lines bounce upwards 2.9 percent during the same period, if Freedonia’s projections come true. It’s promising news for gambling companies and industry operatives who might be concerned that the US has become oversaturated with casinos.

Freedonia points to an increasingly permissible gaming landscape in numerous states, as well as casino patrons having more disposable income due to a resurging economy.

“Casino hotels are expected to see above-average growth, as many of these establishments offer gambling as part of a diversified entertainment strategy,” the report states. “Efforts to offer the Las Vegas casino experience closer to home will also boost revenues.”

Bearer of Good News

There are only a dozen states remaining that don’t have either commercial or tribal gaming. That’s why some are understandably worried that there are simply too many slot machines and table games in the US.

But directly on the heels of a national recession, the casino players that know best are making substantial investments. Steve Wynn is building a $2.1 billion resort in Boston. MGM Resorts recently opened the $1.4 billion National Harbor outside of Washington, DC, and is working on a $950 million facility in Springfield, Massachusetts.

Two of the most well-known and respected gaming companies aren’t scared of competition, and along with Freedonia, another market research firm supports the notion that there’s more money up for grabs for casinos.

Spectrum Gaming Group, a consultancy company in New Jersey that analyzes gambling markets, says in its 13th annual list of gaming trends that casinos will adequately adapt to a changing environment.

Vegas Confidence

Casino revenue has stabilized on the Las Vegas Strip, after falling from $6.8 billion in 2006 to $5.7 billion in 2010. Total gross gaming receipts came in at $6.3 billion in both 2014 and 2015, but will eclipse $6.4 billion this year.

Many believe eSports is a key area that Vegas needs to tap into. The emerging world of competitive video gaming was a major talking point at the Global Gaming Expo this fall. ESports is an area highly popular arena with the millennial, a demographic that hasn’t seemed to keen on playing games of pure chance common on casino floors.

For now, the older generations are providing a rebound to overall revenues in Vegas. Paired with the prospect of bringing new customers to casinos with eSports, gaming companies remain optimistic in Nevada and throughout the country.

Source: https://www.casino.org/news/casino-gamblers-spending-prognosis-to-bump-3-5-percent-through-2020

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Durango Receives Assay Results From Mayner’s Fortune Limestone Project Near Terrace, BC $DGO.ca

Posted by AGORACOM-JC at 10:51 AM on Wednesday, December 14th, 2016

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  • limestone quality of up to >99.99% CaCo3* (56.20% CaO) has been reported on its 100%-owned Mayner’s Fortune limestone project
  • Out of 8 unique samples taken from limestone outcrops at the Mayner’s Fortune property, all 8 yielded grades greater than 86.9% CaCo3* (48.7% CaO).

Vancouver, BC / December 14, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that, further to its news of November 1st, 2016, limestone quality of up to >99.99% CaCo3* (56.20% CaO) has been reported on its 100%-owned Mayner’s Fortune limestone project.

The 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. along the CN rail route between Terrace and Kitimat and hosts five historically mapped sub-parallel limestone units. Durango completed its first phase of exploration on its limestone properties in late October, which included sampling to test limestone quality and substantiate historic reports. The assays in this release pertain to the late October visit.

Out of 8 unique samples taken from limestone outcrops at the Mayner’s Fortune property, all 8 yielded grades greater than 86.9% CaCo3* (48.7% CaO). All limestone samples from the property are shown in Table 1.

Table 1: Mayners Fortune Outcrop Samples

Sample Easting Northing CaO (%) CaCo3 (%)(calculated)* MgO (%)
85990 524067 6028649 56.20 >99.99 0.19
85999 524149 6028998 56.00 99.95 0.20
85991 524010 6028691 54.40 97.09 0.77
85995 523941 6028901 52.20 93.16 1.41
85988 523284 6028702 49.90 89.06 1.50
85993 523942 6028754 49.70 88.70 4.12
85987 523301 6028670 49.50 88.35 3.61
85997 523945 6029134 48.70 86.92 2.03

Note: All coordinates are NAD83 UTM Zone 9N

* Theoretical value of CaCo3 is calculated based on the assay value of CaO * 1.78476 and is used to estimate limestone (CaCO3) composition. This calculation assumes all CaO analysed is present as CaCO3.

 

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

All samples were grab samples and were analyzed by Bureau Veritas, Vancouver, British Columbia. The analytical methods used correspond to Bureau Veritas code LF700 – Whole Rock Analysis by XRF.

An additional 26 outcrop samples were taken during a recent follow-up survey as announced on December 06, 2016 and are still pending assay at Bureau Veritas in Vancouver, BC. Assay results will be announced when they become available.

Marcy Kiesman, CEO of Durango stated, “We are extremely pleased with the assays received for the Mayner’s Fortune project. Favourable grades of up to >99.99% limestone from Limestone Unit #5 (by calculation), has created additional opportunities for potential end users. Despite snow and winter conditions, our geological crew successfully mapped limestone in the northern section of Unit #5 to an extent of 650m along strike by 140m apparent thickness with the unit remaining open at both ends. This compares well with historical mapping of 1,600m strike length and an apparent thickness of 180m in the south end of the limestone bed. These assay and mapping results have affirmed the vast potential of this property and Durango plans to continue to advance its limestone prospects through 2017.”

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

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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 its prospectus filed on its SEDAR profile at www.sedar.com.

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

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More than $1 billion of marijuana sold in Colorado in 2016 $TBP.ca $MCOA.us

Posted by AGORACOM-JC at 4:23 PM on Tuesday, December 13th, 2016
Image result for cnn
  • Last year, the marijuana industry created 18,000 full-time jobs and generated $2.39 billion in economic activity in the state.
  • Recreational and medical cannabis shops have sold more than $1 billion of marijuana and related products so far in 2016, already surpassing last year’s total of $996,184,788

(CNN) It’s always 4/20 somewhere — at least in Colorado. The state’s marijuana shops have reached a massive new milestone: $1 billion in legal, regulated sales in the first 10 months of 2016.
Voters legalized marijuana in Colorado back in 2012, but the dispensaries didn’t open until 2014. Last year, the marijuana industry created 18,000 full-time jobs and generated $2.39 billion in economic activity in the state.

And the boom is still growing. According to new data from the state’s Department of Revenue, recreational and medical cannabis shops have sold more than $1 billion of marijuana and related products so far in 2016, already surpassing last year’s total of $996,184,788.

Attorney Christian Sederberg, partner at Vicente Sederberg, played an integral part in Colorado’s Amendment 64, which legalized marijuana in the state. He is estimating that sales of pot will reach $1.3 billion by the end of this year, which could have a total economic impact of over $3 billion.
Designer marijuana boosts THC potency
Designer marijuana boosts THC potency 02:24
“This milestone continues to show that the cannabis industry in Colorado is an engine of growth for the economy, a job creator, and one of the biggest industries in the state,” Sederberg told CNN. “People were consuming cannabis before, but now they are buying it from tax-regulated businesses that are benefiting the economy. This has replaced an underground, illegal market.”
Sederberg says that marijuana has become one of the largest industries in Colorado, and certainly the fastest growing.
“From 2015 to 2016, there has been a 53% increase in retail sales and a 9% increase in medical sales,” he said. “Medical sales are growing at a much slower rate, but recreational sales will continue to grow in the double digits.”

All-time high

Marijuana sales in Colorado hit an all-time high in September 2016, generating $127.8 million, according to The Cannabist, a Colorado-based news site covering the industry. But October’s numbers are still sizable: Shops sold nearly $82.8 million of recreational cannabis and $35 million of medical marijuana.
Colorado has three different taxes on recreational marijuana — a standard 2.9% sales tax, a special 10% sales tax, and a 15% excise tax on wholesale transfers, which go towards schools. The state collected just over $6 million from the excise tax, bringing the yearly total to $49.7 million, The Cannabist tallied.
Of that, the first $40 million will go towards school construction projects, and any additional tax revenue from the excise tax will go directly to the state’s public school fund.
In this past election, California, Massachusetts, Nevada, and Maine all approved legal sales of recreational marijuana. Medical marijuana is now legal in more than half of US states. In total, marijuana sales could expand the national market to $21 billion by 2020. That is up from $5.7 billion last year and an expected $7.9 billion this year.
But in the eyes of the federal government, marijuana is still an illegal substance. The Drug Enforcement Administration classifies marijuana as a Schedule 1 drug, the same as heroin, LSD, and ecstasy.
Source: http://edition.cnn.com/2016/12/13/health/colorado-marijuana-sales-trnd/

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HPQ Silicon Designates Roncevaux Quartz Deposit As Property Of Merit In Preparation For Gold Spin Out. Announces Equity Financing $HPQ.ca

Posted by AGORACOM-JC at 9:36 AM on Tuesday, December 13th, 2016

Hpq large

  • Geology surveys identified an estimated 250 metre extension to the main quartz vein deposit
  • Significantly increases its’ potential to supply raw material to HPQ’s planned high purity silicon processing facility once completed

December 13, 2016 / Montreal, Quebec, Canada HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform shareholders that geophysics and geology surveys carried out in the fall of 2016 on the company’s Roncevaux quartz deposit, located in the Gaspe region of Quebec, have been interpreted as having identified an estimated 250 metre extension to the main quartz vein deposit. This significantly increases its’ potential to supply raw material to HPQ’s planned high purity silicon processing facility once completed.

Results from geophysical surveys completed by the INRS are included in a new 43-101 Technical report prepare on the property by Mr. Benoit Violette, P.Geo.

PURPOSE OF NEW RONCEVAUX QUARTZ DEPOSIT 43-101

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders.

The preparation and filing of this new 43-101 report are required steps as a result of the Company’s plan to transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc, then dividend out 80% of the Capital of the subsidiary to its shareholders.

Before transferring any of its gold assets to the new subsidiary, the Corporation needed to designate the Roncevaux Property as its Property of Merit and file a NI-43-101 Qualification report as required by TSX-Venture HPQ listing requirements.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “As we approach the end of 2016, the entire HPQ team is very happy to have delivered yet another major milestone to shareholders. Not only have we completed the steps necessary to designate Roncevaux as the Company’s new Property of Merit, an absolute requirement of our plan to spin out Beauce, we also managed to increase its potential size. As a result, we are now in a position to shortly deliver on our promise of unlocking great value of our gold and high purity silicon operations for shareholders.

Roncevaux 43-101 Technical Report

The Company has received a 43-101 Technical report on the Roncevaux by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview the geology and of all historical and current exploration work. His on site inspection revealed fresh road cuts by Invenergy to access a newly built electrical wind turbine farm project, which exposed a quartz structure another 125 metres NE extension along strike to the main quartz vein deposit.

The Report recommends continuing the evaluation of the potential of the Roncevaux quartz vein to develop it into a significant ore body that could provide high purity quartz feed to the company’s silicon metal processing plant for many years to come. In order to assess this potential, it is recommended two phases of diamond drilling to test the down dip and lateral continuity and quality of the quartz vein system in the vicinity where the vein system has been exposed. Extend prospecting trenches and its lateral extension towards the NE and SW.

Mr. Benoit Violette, P. Geo is the Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

RESULTS FROM GEOPHYSICAL SURVEYS

Field observations from the company’s recent 43-101 Roncevaux Technical Report, as well as, results from geophysical surveys completed by the INRS, identified extensions along strike for at least 125 meters to the SW and NE beyond the limits of the trenches of the exposed quartz vein outcrop for a total length of 590 meters. Confirming these extensions will form a portion of the diamond drilling planned for 2017, using funds from the recently closed flow through private placement (see press release of October 31, 2016).

This suggests potential to expand upon the historical estimated potential of 400,000 tonnes that was calculated using 360 metres surface length of the Quartz vein outcrop average width (between 3 m and 12m) and assuming a continuation up to 50 M of depth grading at 99.20% SiO2. (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie). All information such as resource estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

MULTIPLE GEOPHYSICS SURVEYS

A team supervised by Dr. Marc Richer-LaFleche, Ph.D. (Geo) of the Institut National de la Recherche et des Sciences (INRS, Eau Terre Environnement) completed a series of geophysics analysis to characterize the Roncevaux quartz vein deposit. The work identified the presence of a massive quartz vein as well as an anomaly suggesting a 125 metre on strike SW extension. The surveys carried out on the property were optimized to detect the presence of resistive units caused by the presence of massive quartz veins encased in more conductive sedimentary rocks. In addition to the exploration of the quartz on the property, the surveys were intended to improve the understanding of the geology of the property.

Geophysics Work included:

Creating a survey grid network at 50 metre intervals, to complete the following geophysics surveys:

  • -Electromagnetic induction surveys in the frequency domain (Promis-10 and GEM2 surveys)-GSM-19 magnetometric survey carried out in stationary acquisition mode.-Total magnetic field and magnetic gradient data were measured over the entire geophysical survey perimeter.-Three sections of 400m in geo-electric tomographic acquisition mode (Terrameter LS)

New Private Placement

HPQ-Silicon also announces that it is proceeding with a new non-brokered private placement of up to 5,000,000 units (“Unit”) at $0.14 per Unit for gross proceeds of up to $700,000. Insider participation in this placement could account for up to 10% of the total amount subscribed

Net proceeds of the placement will be used for the placement fees; legal expenses; ongoing business development costs related to the development of HPQ – 200 TPY R&D Solar Grade Silicon Metal PUREVAP(TM) Quartz Reduction Reactor Pilot Plant and general corporate expenses. If demand warrants, the size of the placement may be increased by another 2,000,000 units.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will 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. 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.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “This funding will provide HPQ-Silicon the resources and flexibility to continue the development of the Pilot Plant project with PyroGenesis while simultaneously continuing ongoing discussion with Government based agencies that are demonstrating an interest in the PUREVAP QRR potential.”

The Corporation is agreeable to pay Finder’s Fees, subject to The TSX policies, to introducing agents that participate in the private placement.

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

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.

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

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

For further information contact

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

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Platinum Metal Discovery Confirmed at River Valley Project Near Sudbury, Ontario $PFN.ca

Posted by AGORACOM-JC at 9:10 AM on Tuesday, December 13th, 2016

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  • 2.57 g/t Pd+Pt over 18m, including 4.06 Pd+Pt over 9m from 169m downhole
  • Drilling confirmed discovery at T2 near Dana North
  • 2.5 Moz Platinum Metals in near-surface Measured and Indicated Resources
  • Within 100 road-kms of Sudbury, strong infrastructure and community support
  • 100%-owned Lithium Division with Exploration Projects in Manitoba and Nevada

Vancouver, British Columbia / December 13, 2016 - Pacific North West Capital Corp.(“PFN”) (TSXV: PFN OTCQB: PAWEF FSE: P7J) is very pleased to announce new results from the recently completed drill program on its 100% owned River Valley Platinum Group Metal (PGM) project near Sudbury, Ontario. The drill program successfully expanded mineralization down-dip and along strike of the 2015 intersections at Target T2 (see PFN press release dated March 11, 2016) and corroborated the geological model. The drill results reported herein confirm the discovery of a new PGM mineralized zone at River Valley, hereafter named the Pine Zone (Figure 1).

The Pine Zone drill program consisted of five holes for 1367 metres, of which four intersected significant PGM mineralization. A total of 603 split samples were submitted to SGS Canada Inc. Laboratories for assay analyses. The significant new drill assay results include 2.57 g/t Pd+Pt over 18 metres from 169 metres in hole DN-T2-06, 1.92 g/t Pd+Pt over 20 metres from 202 metres in hole DN-T2-10, and 1.84 g/t Pd+Pt over 17 metres from 217 metres in hole DN-T2-11. These results demonstrate the potential for significant new near-surface mineralized zones at the north end of the River Valley Project. Drill core assay results and hole collar locations and orientations are listed in Tables 1 and 2 below.

Table 1. Assay Results


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Table 2. Collar Locations and Orientations


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Figure 1. Location of the Pine Zone at the north end of the River Valley PGM Project.

PFN Chairman and CEO Harry Barr commented, “The discovery of a new near-surface, high-grade PGM zone in the most accessible part of the project represents a major leap forward in the exploration and development potential of our River Valley Project. The Pine Zone discovery demonstrates the continued success of drill hole targeting based on IP geophysical surveys and 3D geological modelling. The drill results highlight the potential for discovery of similar mineralized zones in other previously overlooked areas at River Valley, and are an additional indication of the camp scale potential in the under explored region east of Sudbury.”

The next steps in PGM exploration of the Pine Zone and other similar priority areas at River Valley include 3D geological modelling of the 2016 drill results, followed by IP surface and borehole geophysical surveys to aid identification of priority targets for drill testing in 2017.

Financial support from the JEAP Program for the 2016 drill program at River Valley is gratefully acknowledged.

SAMPLE ASSAY PROCEDURES & QA/QC

The drilling was completed by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of PFN geologists. The drill core samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3 kilograms of each sample to 90% passing 2 mm, and then pulverizing 0.5 kilograms to 85% passing 75 um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of PFN’s rigorous Quality Assurance/Quality Control program.

About PFN’s Lithium Division

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

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other Core 21st Century Technologies.

The Company has a Growing Portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the Company. The Company also has several Hard Rock Lithium Projects in Canada: To date the Company has Acquired 5 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in SE Manitoba. 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 drilling fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the Company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

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


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


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Company claim blocks in the Clayton Valley area of Nevada

(Above map is a Company-made composite and not intended for redistribution.

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

Clayton Valley is located in Esmeralda County, Nevada, host to the Albemarle Corporation’s Silver Peak Lithium Mine and Brine processing operations. The mine has been in operation since 1967 and remains the only Brine based Lithium Producer in North America. The new project acquisition in Nevada provides the Company a project, in an area that is well known for its Lithium Carbonate production. Clayton Valley is a centralized location in Nevada, with highway access, power infrastructure, water and local labour.

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

Clayton Valley is one of the few locations globally known to contain commercial-grade Lithium-Enriched Brines.

QUALIFIED PERSON

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

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

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

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

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Explor Closes a Second Tranche of a Private Placement in Common and Flow-Through Shares

Posted by AGORACOM-JC at 4:40 AM on Monday, December 12th, 2016

Exs logo

  • Announced that it has closed a second tranche of a non-brokered private placement of a maximum of 11,764,705 common shares and/or flow-through shares at a price of $0.085 each
  • Total gross proceeds of up to CDN $1,000,000

ROUYN-NORANDA, QUEBEC–(Dec. 12, 2016) –Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) (“Explor” or the “Corporation“) is pleased to announce that it has closed a second tranche of a non-brokered private placement of a maximum of 11,764,705 common shares and/or flow-through shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000. Each common share is accompanied of one-half of a share purchase warrant, one whole warrant and $0.15 being required for the acquisition of one common share of the Corporation at the latest 24 months from each closing (the “Private Placement“).

The second tranche of the Private Placement closed today consists in the sale of 1,435,294 common shares, of 1,682,353 flow-through shares and the issuance of 717,647 warrants. This represents an aggregate subscription of $265,000, out of which $25,500 will have to be incurred by the Corporation in exploration expenditures on mining properties located in the province of Québec and $117,500 will be incurred on mining properties located in the province of Ontario. There are no finder’s fees payable for the securities issued upon this second closing.

The securities issued pursuant to the second closing of the Private Placement are subject to a hold period of four months and a day ending April 13, 2017.

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

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

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

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

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Explor closes a third and final tranche of a maximum of $2 million private placement in flow-through shares $EXS.ca

Posted by AGORACOM-JC at 4:21 PM on Friday, December 9th, 2016

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  • Announces the closing of a third tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000
  • Third and final tranche of the Private Placement closed today consists in the sale of 1,650,000 shares for an aggregate subscription of $140,250

ROUYN-NORANDA, CANADA–(Dec. 9, 2016) – Explor Resources Inc. (TSX VENTURE:EXS) (OTCQX:EXSFF) (FRANKFURT:E1H1) (BERLIN:E1H1) (“Explor” or the “Corporation“) announces the closing of a third tranche of a non-brokered private placement previously announced for a maximum of 23,529,412 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $2,000,000 (the “Private Placement“). The third and final tranche of the Private Placement closed today consists in the sale of 1,650,000 shares for an aggregate subscription of $140,250. Following the three closings to the private placement, the Corporation has received a total amount of $1,557,240, representing an aggregate amount of 18,320,470 flow-through shares.

The net proceeds from this third closing of the Private Placement will have to be incurred by the Corporation in exploration expenditures on mining properties located in the provinces of Québec ($120,700) and Ontario ($19,550). No finder’s fees are payable in connection to this last closing.

The securities issued pursuant to the third closing of the Private Placement are subject to a hold period of four months and a day ending April 10, 2017.

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

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, 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 Québec with approximately 33% in Ontario and 67% in Québec. 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 Québec since 2006.

Explor Resources Inc. Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

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

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

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

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

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

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

 

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