TORONTO, ONTARIO–(Oct. 14, 2016) – Fancamp Exploration Ltd. (TSX VENTURE:FNC) (“Fancamp”) has confirmed that KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) and Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold”) have met all of the conditions of the various agreements between the parties to now establish a joint venture for the Koper Lake Project under the terms of the option agreement with Fancamp. The parties have agreed that the project will be renamed the Black Horse Project. Once the joint venture is established, KWG and Bold intend to continue to earn the further interests provided for in the agreements. Bold is carried through the exploration stage for a 20% interest in KWG’s interest in respect of chromite. For more information regarding the project please refer to the October 29, 2015 press release: http://kwgresources.com/kwg-bold-fancamp-extend-koper-lake-option/.
KWG has issued to Bold a convertible debenture of $267,858 and 5 million treasury shares in settlement of operator’s fees owed to Bold under the earn-in option. The debenture will bear interest at 5% compounded annually until payment, is due on January 15th, 2019, and may be converted by Bold at any time, in whole or in part, into KWG treasury shares at $0.05. The debenture must be repaid by KWG from any debt or equity issue proceeds of more than $1.5 million in any six-month period. KWG has also issued 1 million shares to Belgravia Funds Ltd. (London) for financial advisory services.
About Fancamp:
Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory of properties and related assets. Company policy over the years has been, and continues to be, to reduce risk by bringing in participating partners through sales or options. The resulting shares, cash payments and royalties have enabled the generation of income to continue the process and take advantage of opportunity.
About Bold:
Bold Ventures works in both Ontario and Québec. In Ontario Bold has several claim groups in and around the Ring of Fire area of the James Bay Lowlands. The company is also earning an interest in the Koper Lake Project located directly adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently in the permitting stage. In Québec, Bold’s primary focus is on two projects. The Lac Surprise Project is located in west central Québec, approximately 50 km south of Chapais and within the historic Chibougamau-Chapais copper-gold camp. Bold is also exploring its 100% owned Lac Grasset project that straddles the Sunday Lake Deformation Zone in the Matagami area, within the historically prolific Abitibi Greenstone belt of North-western Québec.
About KWG:
KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.
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.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Fancamp Exploration Ltd.
Peter H. Smith
514-481-3172
[email protected]
Bold Ventures Inc.
416-864-1456
www.boldventuresinc.com
KWG Resources Inc.
416-642-3575
www.kwgresources.com
RECENT HIGHLIGHTS
WHY AMERICAN CREEK RESOURCES?
EXCEPTIONAL PROPERTIES
The Electrum 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.
The property has a rich history with some of the highest grade hand-mined ore mined in North America (1,661 g/t Au with 2,596 Ag)combined with excellent logistics. The property is located directly between two high-grade veining 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.
On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains 40% of the property.Tudor Gold will be the operator while both companies will work together to develop the property.This partnership is very beneficial for American Creek as its flagship project will be able to advance at a much greater pace due to the geological expertise, experience, resources, management, and exposure that Tudor Gold brings to the table.
The Electrum Property holds significant potential which led to a JV agreement with Tudor Goldwhen considering its high-grade nature combined with the exceptional logistics in place.
For a short video on the Electrum property; click here.
For a presentation on the 2015 drill program; click here.
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.
On May 11th 2016 American Creek formed a joint venture agreement with Tudor Gold wherein American Creek retains a carried interest of 20% of the property until a production notice is given. A partner with the expertise, backing, management team, and experience to develop this potential world scale project was sought after by AMK. Tudor Gold meets and exceeds all of those requirements needed to fully realize the potential of Treaty Creek. American Creek will not have to raise money or dilute as development takes place.
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 Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’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 it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on both Seabridge and Pretivm’s claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.
A recent Government geological report shows Treaty to be “in the right neighbourhood for B.C’s next big deposit”.Treaty meets all three main criteria of the report which states “that is a big game changer for explorers in the region, because it will get them closer to making a discoveryâ€.
The geological markers on Treaty Creek are saying there are great similarities to the KSM / Brucejack / Valley of the Kings and other deposits found within the same hydrothermal system.Now the right partnership is in place to advance the project and realize its potential.
For a 2 minute video on Treaty Creek; click here.
For an in-depth geological video on Treaty Creek; click here.
Gold Hill Property
The Gold Hill property is located in Southern British Columbia near Cranbrook.Logistics are exceptional with forestry roads throughout the property and power nearby. Gold on the Wild Horse River was discovered in the fall of 1863 by American prospectors and one of the West’s greatest gold rushes ensued. The Wild Horse River yielded close to $7,000,000 dollars (48 tonnes of gold or around $2 Billion in today’s dollars). It is believed that a far greater amount was mined and never accounted for.
The river is considered to be one of the greatest gold creeks in the entire province of British Columbia. The majority of the gold taken from the river was located along a 6km stretch between Boulder Creek (upstream) and Brewery Creek (downstream). While most of the gold has been taken from the placer deposits downstream from Gold Hill, there are still placer operations in the area ranging from small scale panning / sluicing to full scale mining operations.
Historic efforts were made to trace the source / sources of the placer gold. This led explorers (including geologists from Cominco) up the Boulder Creek to what is now called the Gold Hill property. This property constitutes a significant portion of the watershed for Boulder Creek including two main areas where gold was recovered by Cominco (along with others). These areas are known as Big Chief and Gold Hill. Both areas are believed to be major contributing sources for the incredible resources found in the Wild Horse River and as such have tremendous potential. While gold was discovered on the property, the gold price in 1900 did not support extensive hard rock exploration at the time.
The property has been overlook and sat dormant for many years. American Creek was very fortunate to acquire a property with such a rich history and such huge potential. The property was acquired in 2015 and hard rock exploration will begin in 2016.
EL NINO OPTIONS ITS MINORITY POSITION IN THE MURRAY BROOK BASE METALS PROJECT EXECUTES ASSET SALE AGREEMENT WITH PUMA EXPLORATION FOR $3,000,000 AND ROYALTY ON PRODUCTION
October 13, 2016 Vancouver, BC – El Niño Ventures Inc. (“ELN” or the “Companyâ€) (TSXV: ELN; OTC Pink: ELNOF; FSE: E7Q) EL Nino Ventures would like to announce that it has executed an asset sale agreement with Puma Exploration (PUM:TSX-V) to relinquish its 32.1% interest in the Murray Brook Zn-Pb-Cu-Ag Volcanogenic Massive Sulphide (“VMSâ€) deposit located in the Bathurst Mining Camp (“BMCâ€) of northern New Brunswick. The Murray Brook property consists of Mining Lease 252 and contiguous Mineral Claim Block 4925 (245 claims) located 11 km west of the producing Caribou Mine, which is owned and operated by Trevali Mining Corporation. The aforementioned transactions are expected to close on or about November 15th, 2016. El Nino’s joint venture partner Votorantim Metals Canada Inc. on the Murray Brook Project has also optioned their total interest of the Murray Brook Project to Puma.
Harry Barr, Chairman and CEO comments; “We are pleased with the terms and conditions of our sale of the Murray Brook asset. Given the fact that our company had a minority position in the project, we believe that the proceeds from the sale will allow the company to acquire new projects and focus on our existing assets and allow management the funding needed to acquire key assets in the precious metals space.â€
Terms of the Transaction and Payments to El Nino from Puma
a.C$50,000 non-refundable deposit to be paid 10 days following the waiver of the ROFR from El Nino. This deposit becomes binding on receipt of the waiver of the ROFR from El Nino.
b.C$0.6 million upon closing of this transaction (no later than Nov.15, 2016)
c.C$0.4 million payable six (6) months after the closing (no later than May.15, 2017)
d.C$1.0 million payable twelve (12) months from closing (no later than Nov.15, 2017)
e.C$1.0 million payable twelve (24) months from closing (no later than Nov.15, 2018.
f.El Nino will be given the right to buy 2,000,000 warrants of Puma’s ordinary shares (the warrants) expiring 3 years after the closing of the transaction based on the following exercise prices:
1) 0 to Year 1 (Nov 15, 2017): Equal to the price of the acquisition equity financing;
2) Year 1 to Year 2 (Nov 15, 2018): a 20% premium to the price indicated in 1) above;
3) Year 2 to Year 3: a 20% premium to the price indicated in 2) above.
El Nino will receive a laddered Net Smelter Return on Production (NSR) starting at 0.25% at a zinc price of US$1.04/lb and increasing, in increments of 0.25%, to a maximum of 1.75% above US$1.50/lb Zn in relation to 32% of the production from the
Murray Brook Property, which includes the Mining Lease and the Camel Back claims, for the life of the Murray Brook deposit and any new discovery made on the total project.
Votorantim Metals Canada Inc. will retain title to the project as security until the assumption of the environmental liability has been completed by Puma and Votorantim Metals Canada Inc.’s and El Nino’s liability is released by the Government of New Brunswick.
El Nino will continue to maintain its current interest in the Bathurst Zinc Project – Bathurst Option Joint Venture (BOJV) also located in the Bathurst Mining Camp.
For more information on the Company please go to www.elninoventures.com.
On Behalf of the Board of Directors,
“Harry Barrâ€
Harry Barr
Chairman & CEO
El Niño Ventures Inc.
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.
The independent due diligence report highlights:
-Sample collected yields 2.58% LiO2
-Regional geological environment is favorable to potential large discovery
-Most of the lithium found in the sample is contained in Lepidolite
-There is presence of spodumene
Montreal, Quebec / October 12, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to announce that based on the results and recommendations of the independent due diligence report recently received, the Company will move forward with the acquisition of Le Royal Lithium project.
The independent due diligence report highlights:
-Sample collected yields 2.58% LiO2
-Regional geological environment is favorable to potential large discovery
-Most of the lithium found in the sample is contained in Lepidolite
-There is presence of spodumene
-Compilation of historical geological data indicate multiple exploration targets
St-Georges’ Management has hired Magnor Exploration Inc. to plan and execute a first exploration campaign on Le Royal Lithium later this fall. The campaign goals will be to identify surface mineralisation and drilling targets.
New Acquisition Terms for Le Royal Lithium
St-Georges’ management actively negotiated with Platypus Resources (ASX:PLP) to modify the commercial terms agreement that gives access to Platypus L-Max(R) patented lepidolite and hard rock lithium extraction technology.
Under the new terms agreed upon St-Georges will,
-Own 90% of Le Royal Lithium discovery and bear all payments and exploration obligation.
-Be the lead explorer and developer of Le Royal Lithium
Platypus will own a carried interest of 10% of Le Royal Lithium and will provide a license for their extraction technology.
Le Royal Lithium Acquisition Payments and Obligations Update
The new agreement establishes St-Georges’ ownership at 90% against payments of 2.5 million shares and $50,000 over 1 year and CAD $450,000 worth of qualified exploration work on the project over the next 3 years.
Platypus additional option
Within the first year of the agreement, PLP will be allowed to acquire an additional interest of 40%, bringing its total ownership to 50% in return for paying to St-Georges 150% of all payments and costs associated to the exploration and development of Le Royal Lithium. After the first year and until commercial development investment decision, Platypus will have to pay 200% of all payments and costs in order execute the same option.
The licenced L-Max(R) Technology
The agreement also established a framework for the usage of the L-Max(R) technology owned by Platypus. L-Max(R) is a proprietary process developed to extract and recover battery-grade lithium carbonate and potassium sulfate fertilizer from Li-rich micas. Micas include lepidolite, zinnwaldite and Li-containing muscovite.
Unlike other lithium extraction processes, the L-Max(R) process does not require significant amounts of land for evaporation ponds, or costly pyrometallurgical processing routes in order to extract and recover the valuable lithium. The hydrometallurgical L-Max(R) process involves direct atmospheric leaching of lithium mica and purification with subsequent lithium carbonate precipitation. It differs considerably from the traditional processing of spodumene, which requires high temperature decrepitation and sulfate roasting prior to lithium recovery. This novel process is simpler and is expected to have lower energy requirements than existing lithium recovery processes. The processing of lithium micas also results in the production of potassium and rare metals containing by-products, which could significantly offset the operating costs of lithium carbonate production. The metallurgical test work has demonstrated the viability of producing battery-grade lithium carbonate (99.5% purity) and potassium containing fertilizer from the Li-mica feed material.
The L-Max(R) process uses mainstream industrial chemicals namely, sulfuric acid and lime/limestone. These are cheap and readily available chemicals that are the cornerstone of large-scale chemical processing. L-Max(R) does not use expensive, specialized reagents that may be difficult to obtain, expensive to procure, or complex in operation. The use of cheap, readily available reagents does not necessitate their recovery or recycling, thus further reducing the costs of the process.
The process has been extensively tested in a series of batch laboratory tests using ore from Lithium Australia (ASX:LIT) and European Metals Holdings (ASX:EMH). The flotation of lithium mica from the pegmatite ore is a useful upgrade step and was successful, achieving high lithium recovery. Leaching of the lithium micas has achieved very high dissolution rates in relatively short leaching times.
Click Image To View Full SizeFigure 1. L-Max(R) Technology Flow Chart
The results of metallurgical test work demonstrated the viability of producing battery-grade lithium carbonate and potassium containing fertilizer from the mica material. (Figure 1)
Figure 1. L-Max(R) Technology Flow Chart
For more information about the L-Max(R) Lithium extraction technology please visit Platypus Resources/Lepidico web site at www.platypusminerals.com.au
Yves Caron P.Geo. (OGQ #548) a Qualified Person under the National Instrument 43-101 has reviewed and approved the geological content of the current press release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas’
FRANK DUMAS, PRESDIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.
The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.
Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
TSX-V: BFF, OTC Pink: SSMLF
Growing Exploration Portfolio in Nevada’s Lithium Hub
Overview
Nevada Energy Metals (TSXV:BFF) (OTQB:SSLMF) (Frankfurt:A2AFBV) is an exploration company focused on the acquisition and exploration of lithium brine projects in the world-class mining jurisdiction of Nevada. To date, a number of highly attractive prospects have been investigated and approved for immediate acquisition. An advisory board has been formed to better assist in the selection, management and development of these lithium projects.
The Company has recently completed:
(1) a 100% option-out agreement, 3% net-smelter royalty of the Dixie Valley Project (348 of 910 total claims covering 7,363 hectares/28.4 square miles) to LiCo Energy Metals (LIC.TSXV), covering the majority of the Humboldt Salt Marsh playa in Churchill County, Nevada;
(2) acquisition of 100% of the Big Smokey Valley Project (160 placer claims covering 3,200 acres/1,295 hectares) located in Nye County, Nevada;
(3) acquisition of 100% ownership in the Black Rock Desert Project (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada;
(4) a 70/30 farm-out option JV to American Lithium Corp (LI.TSXV) on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America;
(5) acquisition of 100% in the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada;
(6) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada;
(7) the acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.
Press Release Highlights
Investment Highlights
Key Properties in Nevada’s Lithium Hub
Investment bank Goldman Sachs recently called lithium “the new gasoline,†and the silver alkali metal is one of the few commodities on an uptrend in the face of a long economic downturn. Lithium prices grew by 20 percent in 2014 and posted another 22 percent in gains for 2015.
Nevada Energy Metals’ mission is to build shareholder value through the aggressive acquisition of lithium exploration projects in Nevada’s Lithium Hub which includes Clayton Valley. In this same region, Tesla is building a $5 billion lithium-ion battery gigafactory and Faraday Future recently struck a deal to build a $1 billion electric car plant.
Nevada Energy Metals’ corporate objective is to own 100% of all newly acquired projects with little to no cash, share or royalty considerations or exploration commitments payable to third parties. Their mandate is to be the prime Nevada project generator negotiating joint venture partnerships to make all future exploration expenditures while maintaining the ability to “cherry pick†several projects to develop 100% in house.
Dixie Valley Project
In the area of the Humboldt Salt Marsh Playa, the valley appears to be about 2,000 meters deep.
Black Rock Desert Project
BSV Lithium Project
Alkali Lake Project
Teels Marsh West Project
San Emidio Li Project
Clayton Valley BFF-1 Lithium Project
Management
Rick Wilson – Director, President, CEO
Rick Wilson has been in the mining and natural resource industry for over twenty years. Since 2006, Rick has been the President of Regent Ventures Ltd., a company engaged in the acquisition, exploration and development of mineral resource properties. Prior to serving as its President, Rick was a director of Regent Ventures from 1993 to 2006. Rick is also a director of Wildcat Exploration Ltd.
Tim Fernback – Chief Operating Officer (COO), Director
Mr. Fernback possesses over 20 years of experience in financing and managing public and private small-cap companies throughout North America. Previously he has held multiple senior executive positions, including oversight of the Investment Banking and Corporate Finance Divisions at Wolverton Securities, formerly Western Canada’s oldest brokerage firm. He was also responsible for the consulting practice at Discovery Capital Corporation, a prominent British Columbia venture capital firm that specializes in financing and consulting. At Wolverton Securities, Mr. Fernback was responsible for due diligence reviews on corporate clients and investment banking business development relationships for over 6 years. He planned and opened 3 regional offices in western Canada and reviewed and analyzed over 300 corporate clients for funding within the financial services industry raising over $750M. Responsible for over 50 IPOs and over 100 Reverse-Mergers on the TMX and Nasdaq, Mr. Fernback represented Wolverton nationally on various stock exchange committees and industry groups, including the Corporate Finance Advisory Group and Underwriting Groups on various Canadian Exchanges. Mr. Fernback also currently serves as a Director for several Canadian mining companies. He holds an Honours B.Sc. from McMaster University, and is a graduate of the Sauder School of Business at the University of British Columbia, where he completed a MBA with a concentration in Finance. Mr. Fernback also holds a Certified Professional Accounting Designation (CPA, CMA) and is an active member of many industry and trade organizations in Vancouver.
Jay Oness – Director
Mr. Oness has extensive experience in all aspects of corporate management with particular strengths in strategic planning, business development & investor relations for public companies. He has served as a Director, senior executive and consultant to public companies in resource and non-resource sectors over a successful 20 year career. He’s currently a Director & COO of El Nino Ventures Inc., COO of Next Gen Metals Inc., and SVP Business & Corporate Development of Pacific North West Capital Corp.
Ali H. Alizadeh—Director
Ali Hassan Alizadeh is a senior geologist possessing extensive experience in mineral exploration and project management. He graduated with a Geology degree in 1991 a M.Sc. in Petrology in 1995 and an MBA at Queen’s University in 2010. Building on his experiences as Project Geologist and Project Manager, Alizadeh has been responsible for a number of uranium, gold and base metal projects during his exploration career with various exploration companies. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Robert Guanzon -Chief Financial Officer (CFO), Director
Mr. Guanzon, CPA, CMA, has been in the field of accounting for more than 25 years. He has been involved in the financial reporting of junior mining exploration companies, pharmaceutical manufacturing business, research & development, real estate/property management, and project building construction. Mr. Guanzon holds a Bachelor’s degree in Accounting, a Certified Public Accountant (Philippines) and a member of Chartered Professional Accountants British Columbia. He brings extensive experience in dealing with financial matters and corporate strategy.
Tina Whyte – Corporate Secretary
Tina Whyte brings over 20 years of experience in the corporate and securities industry. Her expertise spans to areas of corporate governance, continuous disclosure, financing transactions and regulatory filings and compliance. Ms. Whyte holds corporate secretary positions with other publicly listed companies.
Advisory Board
Randy Avon
Advisor
Randy is CEO and Managing Director of Asian Pacific Development Corp “Asian Pacific†(APDC), a multinational business development and investment banking company. Asian Pacific, with its global partner network, has completed over 18 billion dollars in global infrastructure projects in 22 nations during the past 3 decades. These projects are mostly public/private partnerships that utilize debt, equity, and cooperative funding. He is also the former CEO of Corporate & Financial Consultants (CFC), Florida Fixed Income Corp, the Ft. Lauderdale Kunshan China as well as the Aruba World Trade Centers and Gateway International Trading Partners LLC. He has served on the board of directors for multiple multi-national companies. Mr. Avon is a former member of the Florida Legislature, formerly President and CEO of four World Trade Centers and Corporate and Financial Consultants (CFC). CFC completed over $8 Billion of infrastructure projects with E.F.Hutton and Prudential Bache prior to forming APDC. Randy Avon was also a former Florida Legislator, State President of the Florida Jaycees, Charter President of the Florida JCI Senate, and was named one of Florida’s Five Outstanding Young Men. He has served as a Presidential Advisor, was the Chairman of the Florida/Colombia Alliance, and was honored by the U.S. State Department with the James McKeithan Award for International achievements in the private sector. He chaired the Organization of American States (OAS) meeting in the United States in 2005 and has been a U.S. delegate to the past four Summits of the Americas. Mr. Avon’s background is deeply rooted in community involvement, civic, and citizen diplomacy achievements. He served as a distinguished member of the Florida Legislature and was the previous Chairman of the Florida/Colombia Alliance. He has been listed in Marquis’ Who’s Who in American Politics, Community Leaders of America, Outstanding Young Men of America, Marquis’ Who’s Who in Finance and Industry, and was named as a recipient of the 2007 Global Leaders Award. He was named one of south Florida’s “100 Most Powerful International Leaders†by South Florida CEO Magazine.
J Malcolm Bell
Advisor – Project Acquisitions
Mr. Bell has over 45 years of resource industry experience either as principal, director, or senior officer of private and public companies. In 1980, he founded Hi-Tec Resource Management Ltd., a successful minerals exploration company providing geological services in Canada, the USA and South America. In 1986, he founded the International Investment and Business Opportunities Exposition, the first investment trade show company in Canada providing private and public companies the opportunity to showcase themselves to an international audience.
In 1997, he co-founded British Canadian Mines Ltd., at the time the largest privately held mineral exploration company in Newfoundland; subsequently completed a $13-million reverse merger into Canaco Resources Ltd. In 2002, he helped negotiate a $20-million merger between Olympic Resources Ltd and Whittier Energy Corp., and in 2003, he co-founded PB Energy Partners, an oil and gas exploration partnership. Currently, Mr. Bell heads a private Vancouver based consultancy that sources projects and capital for companies engaged in mining, renewable energy and technology ventures.
Jeremy Poirier
Advisor
Mr. Poirier has been providing a range of investor awareness and advisory services for both public and private companies since 2004. Over the past 12 years, Mr. Poirier has acquired extensive market experience and built a strong network of investors and industry contacts. He has also served as a member on a number of boards of directors and has held officer positions at several public and private companies. Through his network and market expertise Mr. Poirier has facilitated capital raising efforts as well as successful asset acquisition and corporate development undertakings.
Bill Macdonald
Advisor
Mr. Macdonald is a founder and principal of Macdonald Tuskey, Corporate and Securities Lawyers, a boutique securities and corporate finance firm located in Vancouver, British Columbia established in April 2008. Prior thereto, from February 1998 to April 2008, Mr. Macdonald was a partner with Clark Wilson LLP and a member of the firm’s Corporate Finance / Securities Practice Group. Since May 2008 Mr. Macdonald has been a director of Blackbird Energy Inc., an oil and gas exploration company listed on the Exchange and was also the President of Blackbird from May 2008 until February 2013. In addition, Mr. Macdonald currently serves as a director of Viscount Mining Corp., a position he has held since October 2011, a director of Patriot Petroleum Corp. since December 2015 and a director and founder of Black Lion Capital Corp. since its inception on January 20, 2015. Mr. Macdonald was also previously a director of First Americas Gold Corporation, formerly Pannonia Ventures Corp. and Benz Capital Corp. Mr. Macdonald has been a member of the Law Society of British Columbia since February 1998 and a member of the New York State Bar since February 2002.
James Hellwarth
Advisor
Mr. Hellwarth of Orlando Florida is currently a managing partner a Xander Capital where he has been instrumental in establishing and developing relationships with high net worth individuals and organizations. Mr. Hellwarth has been involved in business development and strategy of small cap companies for over 11 years. He has helped raise capital and create new opportunities for his clients. Through his extensive network of colleagues and individuals, Mr. Hellwarth will be able to assist in potential capital raises necessary for moving the company forward.
Gambling CEO Grant Johnson says the Grand Princess Casino in Antigua can be transformed into the ideal venue for eSports tournaments.
The Canadian Internet gambling firm VGambling Incorporated is aiming to buy the Grand Princess Casino, located in Jolly Harbour, and set up a base in Antigua to tap into the global eSports industry.
CEO Grant Johnson told OBSERVER media that the firm put in a bid for the property, which is jointly held by the Antigua Commercial Bank (ACB) and Antigua & Barbuda Investment (ABI) Bank.
eSports, also known as electronic sports or professional video gaming, typically involves organised multiplayer video game competitions, particularly between professional players. Deloitte Global predicts that eSports will generate global revenues of US $500 million in 2016, up 25 per cent from about $400 million in 2015, and will likely have an audience of close to 150 million people.
Johnson said he has already met with Prime Minister Gaston Browne and toured the three-storey, 62,000-square foot casino, with former owner Tony Velarde. He also noted he has made an application for approval under the business investment option of the Citizenship by Investment Programme (CIP).
VGambling is the only firm to have submitted a written bid for the foreclosed property and Johnson said he expects to have the transaction finalised, one way or the other, before the end of the year. The Grand Princess Casino was opened in 2004 but by 2008, Velarde was already running into trouble running it.
The Grand Bay Casino at Dickenson Bay, also owned by Velarde, is also under foreclosure.
More in today’s Daily Observer.
Source: http://antiguaobserver.com/firm-aims-to-tap-esports-from-antigua/
CARDSTON, ALBERTA–(Oct. 12, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that Tudor Gold Corp. (“Tudor”) has discovered a new gold zone at the Treaty Creek JV Project located in BC’s “Golden Triangle” immediately north of Seabridge Gold’s KSM project and in the same region as Pretivm’s Brucejack project.
The new gold zone was intersected in the third hole (CB-16-03) of the 2016 drilling program and is located approximately 870 meters northeast of the Copper Belle zone (drilled in 2007 and 2009). The hole was drilled into a target identified by the magnetotelluric survey (MT survey) which was completed earlier in the 2016 field season.
The first 316m of this third hole is still in the assay laboratory with results for this interval expected within the next weeks. Assays from 316m to the end of the hole at 717.7m have been received. From 316m to 426m, a 110m interval averaged 0.909 g/t gold. Below 426m gold values drop off with some higher-grade exceptions, the two most prominent of which are 456 to 484m, a 28m interval running 0.665 g/t gold and from 598 to 610m, a 12m interval running 1.258 g/t gold. This hole was drilled at an azimuth of 292° and an inclination of -73°.
Assays have also been received for the first two holes drilled in the 2016 program. The first of these, CB-16-01, was a follow-up of a 2009 drill hole, CB-09-14, which returned 241m averaging 0.8 g/t gold. Both the 2009 and 2016 holes were drilled in a northwesterly direction from the same site, with CB-09-14 being inclined at -70° and CB-16-01 at -60°.
Hole CB-16-01 showed an extension of the known gold mineralization discovered on the Copper Belle in 2009. It returned the following assays to a final depth of 555 meters: from 110 to 320m, a 210m interval grading 0.449 g/t gold, including, from 144 to 154m, a 10m interval grading 1.857 g/t gold. Below 320m depth gold values dropped off with some isolated highs as follows: from 442 to 452m, a 10m interval averaging 1.478 g/t gold and from 542 to 555m, a 13m interval averaging 0.846 g/t gold.
Previous 2009 drilling by American Creek in this area of the Copper Belle zone returned intersections with similar lengths, grades and depths including CB-09-11 which carried 229m of 0.52 g/t gold from 40m to 270 m, CB-09-10 which carried 212m of 0.47 g/t gold from 119m to 331 m and CB-09-06 which carried 65.3m of 0.84 g/t gold.
The second hole of 2016, Hole CB-16-02, was drilled 340m to the north of CB-16-01 at an azimuth of 046° and an inclination of -72. This hole was drilled to 426m and encountered two gold-bearing sections: from 202 to 240m, a 38m interval averaging 0.516 g/t gold and from 306 to 426m, a 120m interval averaging 0.517 g/t gold.
Darren Blaney, American Creek CEO stated: “We are very pleased with what Tudor has accomplished in discovering this new gold zone. It is very significant in that this hole is located almost a kilometer from the 2009 Copper Belle discovery hole. The area of gold mineralization is clearly much, much larger than previous work has shown. This new discovery also confirms that the MT survey accurately identifies targets at Treaty Creek like it has for Seabridge and Pretivm on their respective KSM and Brucejack projects to the south in which the same MT survey technology was utilized.”
The Treaty Creek project is a joint venture with American Creek holding a 20% fully carried interest to production. Tudor is the operator and holds a 60% interest with Teuton Resources Corp. holding the remaining 20% carried interest.
James Hutter, P.Geo., is the Qualified Person as defined by National Instrument 43-101 for the 2016 Treaty Creek project and the results reported by Tudor.
About American Creek
American Creek is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver properties within the Province of British Columbia, Canada.
In addition to the Treaty Creek project, the Corporation holds interests in the following properties:
Electrum property
The Electrum property is also located in the “Golden Triangle” approximately 45 km north of Stewart between Pretivm’s Brucejack gold deposit located 25 km to the north and the past producing Premier gold mine 20 km to the south. The Electrum shares similar geology to both the Brucejack and the Premier. The project is a JV between operator Tudor (60%) and American Creek (40%).
Tudor recently concluded a diamond drilling and blast trenching program. Initial trenching results reported by Tudor on Sept 12, 2016 included silver grades up to 30,200 g/t within the New Blast vein system. Further results from the drilling and trenching are expected this fall.
Gold Hill property
American Creek holds a 100% interest in the Gold Hill property located east of Fort Steele, BC in the Boulder Creek watershed. The Wildhorse River, to which Boulder Creek is a headwater tributary, is the site of one of Canada’s biggest historic gold rushes with approximately 42 tonnes of placer gold reportedly being recovered from the Wildhorse below the confluence of Boulder Creek.
A field mapping and geochemical sampling program is currently being conducted on the property. Work also included a magnetic survey that was recently completed in the area known as the Big Chief where several historic adits were driven into high grade gold veins.
Austruck-Bonanza property
American Creek holds a 100% interest in the Austruck-Bonanza property located approximately 50 km north of Kamloops. The property is immediately adjacent to WestKam Gold Corp.’s Bonaparte Project and is within 100 meters of the Bonaparte pit where in 1994, a 3,425 ton bulk sample averaging 26 g/t gold was taken. In July of 2016, WestKam reportedly began a 10,000 tonne bulk sample program to further test other near-surface high grade gold veins.
A field program consisting of geochemical sampling, mapping and magnetic surveying is currently underway on the property.
American Creek also holds interests in the Glitter King, Silver Side, Red Tusk, D1-McBride and Ample Goldmax properties.
Information relating to the Corporation is available on its website at www.americancreek.com
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.
American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com
VANCOUVER, BRITISH COLUMBIA–(Oct. 12, 2016) – Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) announces an increase to its non-brokered private placement as press released on October 5, 2016. The Company has increased the offering to up to 25,000,000 units (“Units”) of the Company for gross proceeds of $3,000,000. The additional capital will be utilized to fund inventory expansion as the Company enters into the holiday season. The non-brokered private placement financing of Units of the Company is at a price of $0.12 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”), with each full Warrant being exercisable for one Common Share at an exercise price of $0.20 per Common Share for a period of 24 months.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 ecommerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the Company and its products can be accessed through the links below:
FORWARD LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors 5 discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
Namaste Technologies Inc.
Sean Dollinger
Chief Executive Officer
Direct: +1 (786) 389 9771
[email protected]
ROUYN-NORANDA, QUÉBEC–(Oct. 11, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the Diamond Drilling results on the Kidd Township Property. The Corporation’s Kidd Township Group of Properties are located to the North, South, West and East of the Glencore Kidd Creek Mine, located approximately 20 km north of Timmins, Ontario. Explor’s Kidd Township’s Group of Properties have a land position that covers an area of approximately 2,805.20 hectares. The most obvious topographical feature in the area is the Glencore Kidd Creek open pit mine, located in the central portion of Explor’s Kidd Township group of Properties. Explor was so encouraged by the initial results of the 3000 meter program that it decided to more than double the diamond drilling program planned to 7275.7 meters. Explor drilled seven holes & two wedges on three claim blocks, one being in Carnegie Township, northeast of the mine and the other two blocks drilled in Kidd Township, southwest of the mine.
The property is located in a Greenstone Belt composed mainly of sequences of Meta-Volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction. There are many suites of Mafic Volcanic rocks as well. Excellent access to the property is provided by Hwy 655.
Exploration drilling completed by Explor to date has revealed Major Fault Structures running to the west and east of the Glencore Kidd Creek Mine in a NW-SE direction. A thorough review of all existing geophysical data appears to support these findings. Drilling by Falconbridge in 1998 to the southwest of the Glencore Kidd Creek Mine (Hole # K26-01) returned 4.7m in which 4 of the 5 samples returned Zinc values from 4200 – 8900 ppm and Copper values that ranged from 700 – 2280 ppm.
Holes KC-16-01, KC-16-02 and KC-16-05 were drilled in Kidd Township to intersect magnetic highs and fold structures approximately 3 kilometers south and south east of the Kidd Creek Mine. Holes 01, 02 and 05 were very encouraging as they intersected mostly graphitic argillite and felsic lapilli tuffs which are very important zinc-copper ore bearing rocks and marker horizons within the Kidd Creek Mine. Several samples returned anomalous Zinc values from 109 to 737 ppm mostly within sheared graphitic argillite.
Holes KC-16-03, KC-16-04, KC-16-06, KC-16-06A and wedges 06AW1 &06AW2 were drilled in Carnegie Township on the border with Kidd Township approximately 2 kilometers north of the Kidd Creek mine site. Holes KC-16-03 & 04 were drilled bearing south to intersect E-W trending geophysical conductors. Both holes intersected ultramafics, mafic fragmental, felsic to intermediated tuffs and exhalite-chert-tuff units. Hole KC-16-03 intersected several Zinc values from 140 to 15,500 ppm (1.5% Zn) (over 1.0 meters) within the exhalite-chert unit. Hole KC-16-04 was drilled to intersect the exhalite-chert unit up dip from hole KC-16-03. Hole 04 intersected ultramafics, intermediate tuffs, mafic fragmental, lapilli tuff and mafic pillowed flows. Several anomalous Zinc values were intersected, the best being 266 ppm. Hole KC-16-06 was drilled from the east to intersect the exhalite-chert unit down dip from hole KC-16-03. Hole KC-16-06A and its wedges 06AW1 & 06AW2 were completed to 1101 meters and intersected ultramafics and cherty tuffs. More importantly, hole-wedge KC-16-06AW2 intersected parts of the exhalite-chert unit down dip of KC-16-03 with several anomalous Zinc values from 114 to 4024 ppm.
The 2016 Kidd-Carnegie drill program was successful in that it intersected many of the ore bearing lithological units and marker horizons as within the Kidd Creek Mine. As well, the intersection of 4024 & 15,500 ppm Zn (over 1.1 & 1.0 meters respectively) within cherty tuffs and cherty-exhalite was very encouraging and suggests that both claim blocks may host a Kidd Creek Style Copper- Zinc deposit.
Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results. The presence of exhalite-chert unit in two of the holes is very significant in terms of exploration. Generally exhalite-chert is proximal to a VMS deposit. This is the first time in our 10 years of exploration around the Kidd Creek mine site that exhalite-chert has been intersected. Explor plans on conducting in the near future a down hole geophysical survey that will see a 200 meter radius around the hole in order to further refine our diamond drilling. We expect to be able to wedge into any targets that are found.”
Explor believes in the “Cluster Effect of VMS (Volcanogenic Massive Sulfide) Deposits”. Well known examples of the cluster effect of VMS Deposits are the Bathurst Mining Camp where 47 deposits have been found to date, including the Brunswick No.12 and the Brunswick No.6 Mines where more than 130,000,000 tonnes of Base Metal Ore has been produced to date; and the Noranda Mining Camp where 18 deposits have been found to date, with 68,100,000 tons of Base Metal Production from the Horne Mine and Quemont Deposits alone. The Glencore Kidd Creek Mine located to the South-west of the property has produced 152,600,000 tonnes of Base Metal Ore (Cu-Zn-Pb-Ag) since it began production in 1966. The presence of Mafic and Felsic rocks on the Kidd Township Properties with anomalous zinc and copper supports the opinion that additional VMS Deposits exist in the immediate vicinity of the Glencore Kidd Creek Mine.
Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).
This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, 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.
A map is available at the following address: http://media3.marketwire.com/docs/161011_EXS_MAP.pdf
Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
[email protected]
www.explorresources.com