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AGORACOM Welcomes Back Pacific North West Capital (PFN: TSX-V) A Leader in Both PGM and Lithium Exploration $PFN.ca

Posted by AGORACOM-JC at 2:54 PM on Friday, September 16th, 2016

PACIFIC NORTH WEST CAPITAL CORP.

(PFN:TSX-V)

Two Divisions: PGM and Lithium

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources. New Discovery in 2015. Summer Surface Exploration ongoing and a Fall 2016 drill program to follow-up.
  • Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

The company recently completed 2/3 of its C$1.5 million placement in June 2016 and is currently placing approximately C$500,000 at C5.5 cents with a full two year warrant at C10 cents for the first year and C20 cents for the second year

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy
  • High Grade Drill Hole Discovery March 2015

Mineral Resources – Project has had Five, 43-101 Reports

 

  • May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
  • May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
  • May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
  • May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
  • (see www.PFNCapital.com for Details and Notes on the Resource Estimate)
  • Mineral Resources covered by Mining Leases (21-year Renewable Term)
  • Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
  • No Deleterious Metals or Minerals

August 2016 PFN Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of PFN’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing


  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

12 Month Stock Chart


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Posted in AGORACOM Clients (New), All Recent Posts, Pacific North West Capital | Comments Off on AGORACOM Welcomes Back Pacific North West Capital (PFN: TSX-V) A Leader in Both PGM and Lithium Exploration $PFN.ca

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

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

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

SPIN OFF AND DIVIDEND OF GOLD ASSETS

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

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

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

OTHER CORPORATE MATTERS

Shares For Services Program

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

Options distribution

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

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

Modification To Stock Option Plan

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

About HPQ Silicon

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

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

High Value Silicon Metal

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

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

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

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

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

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

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

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

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

    • -Plasma arc based process can transform High Purity Quartz into MG Si.-Plasma arc based process can be used to purify MG Si into higher value SG Si.

      -Refining MG Si to SG Si using an electron-beam furnace in vacuum-processing environment has proven the concept of the elimination of impurities.

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

A Green And Clean Company

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

High Purity Quartz Properties

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

Disclaimers:

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

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

For further information contact

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

Or

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About American Creek

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

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

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

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

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

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

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

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

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

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

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

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Namaste Signs Definitive Agreement to Acquire URT1 Limited and Forms World’s Largest E-Commerce B2C Vaporizer Company $N.ca

Posted by AGORACOM-JC at 12:18 PM on Thursday, September 15th, 2016

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  • Definitive Asset Purchase Agreement with URT1 Limited
  • Creating the world’s largest e-commerce company focused on sales of vaporizers and accessories
  • Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016
  • Gross profit margin of 53%.
  • In business since 2000
  • Acquisition positions Namaste as the LARGEST business to consumer e-commerce retailer of vaporizers and accessories globally
  • Combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016, total monthly site traffic of over 550,000 visitors

Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(FRANKFURT:M5BQ) reports that it has entered into a Definitive Asset Purchase Agreement (the “Agreement”) with URT1 Limited and its wholly owned US subsidiaries (collectively referred to as “URT1”) to create the world’s largest e-commerce company focused on sales of vaporizers and accessories. This most recent acquisition, in combination with the acquisition of VaporSeller, reiterates Namaste’s strategic position as the leading consolidator of the industry.

URT1 is one of the top 5 domains in the world for the sale of vaporizers, pipes and accessories. The company operates two websites, www.everyonedoesit.com and www.everyonedoesit.co.uk, and retails through select third-party marketplaces. Unaudited 12 month trailing revenues were approximately C$3.2 million for the period ended August 31, 2016 with a gross profit margin of 53%. URT1 has been in business since 2000.

Strategic Rationale

The strategic rationale for the transaction includes:

  • The acquisition positions Namaste as the largest business to consumer e-commerce retailer of vaporizers and accessories globally, with combined proforma unaudited 12 month trailing revenues of approximately C$10 million for the period ended August 31, 2016, total monthly site traffic of over 550,000 visitors. The combined company will operate 26 websites in 20 countries with distribution centers in North America, South America, Europe and Asia Pacific.
  • The combined company will have over 3,000 products for sale; the largest product offering of any company in the industry. The complementary product offerings of both companies creates significant revenue expansion potential through cross selling across all sites. In addition, Namaste will utilize its proven search engine optimization strategies to enhance site traffic, conversions and average selling prices of URT1. URT1 currently converts its traffic at 0.8% in the US compared to Namaste at 2.2%. Improving URT1’s conversion rate to 1.6% would double the revenue of the site, which currently generates 75% of URT1’s revenues.
  • The higher gross margins of URT1 are beneficial to the gross margins of the combined entity. The opportunity to further improve the gross margin will result from increased buying power with the existing vendor base and focus on private label sales. The combined entity will generate a gross profit margin of over 40%.
  • Further profit contribution is expected from the reduction in overhead costs, which will enhance earnings before interest, depreciation and amortization. This is due to a shared technology and e-commerce platform, lean centralised management team, and outsourcing of staff functions to India. The resulting increased cash flow generation creates a financial platform for further industry consolidation.
  • Following from the acquisitions of VaporSeller and URT1, revenues for the fiscal year ending August 31, 2017 are expected to be C$15.7 million and C$24.9 million for the fiscal year ending August 31, 2018. It is expected that the company will generate positive earnings before interest, depreciation and amortization by December 31, 2016. It is anticipated that Namaste’s revenues will increase in line with projected growth for the industry of 35% per year for the period 2014 – 2020 (Source: Wells Fargo Research).
  • The transaction broadens the management and board profile of the Company with the addition of experienced executives with extensive global industry expertise. Namaste will benefit from decades of financial, accounting, and administrative experience, and deep relationships with product vendors that URT1 has cultivated since 2000.

Terms of the Transaction and Conditions to Closing

Pursuant to the terms of the Agreement, Namaste will acquire all the website domains, the customer list of over 40,000 individuals, the vendor list of over 197 vendors, intellectual property and related technologies, in exchange for common shares of Namaste. The purchase price will be calculated as one-times the 12-month trailing gross revenue of URT1, subject to adjustments for inventory, wind down costs, and assumed liabilities including a secured note of approximately C$500,000 to be transferred at closing of the transaction. The purchase price will be funded by issuing Namaste common shares at a deemed value of C$0.12.

Closing of the transaction is subject to the following:

  • Receipt of all director and requisite regulatory approvals relating to the transaction, including without limitation, CSE approval if required;
  • Completion of all financial and legal due diligence; and
  • Completion of a minimum capital raise of C$1,500,000 on satisfactory terms to both parties.

Liberty North Capital Corporation is acting as an advisor to URT1 in connection with the transaction.

Management and Board Appointment

Upon completion of the transaction, Philip van den Berg will be appointed as Chief Financial Officer and Director, Kiran Sidhu will be appointed as an Independent Director and Cameron Guerrero will join as Executive Director, Merchandising and Global Operations.

Philip van den Berg graduated cum laude in economics in 1985 at the University of Amsterdam. After graduating, Mr. van den Berg joined Pierson, Heldring & Pierson in the Netherlands as investment analyst. Most of his experience on the sell side was with Goldman Sachs in London where he joined when its European equities division was established in 1987. In 1995 Philip went to Deutsche Morgan Grenfell to participate in re-establishing its European equities division. During his career on the sell-side, he held various positions within research departments as investment analyst, supervisory analyst, member of the investment policy committee and head of research. In 1997 Philip moved to the buy-side as co-founder of Olympus Capital Management, one of the first European hedge funds (long short equity). In 2006 Philip co-founded Taler Asset Management, a wealth management company based in Gibraltar. Currently Philip is a non-executive director at Taler. Since 2014 Philip has been an active investor in various start-up companies in Europe and the US where he has held positions as director and CFO, including Golden Leaf Holding (CSE:GLH) and URT1. He has implemented corporate governance and administrative systems, has been involved in a number of capital market transactions, oversaw a public listing and has been involved in mergers and acquisitions.

Kiran Sidhu graduated with and A.B. honors in computer science in 1985 from Brown University and an MBA in Finance from the Wharton School of Business in 1987. Mr. Sidhu was a manager with Price Waterhouse’s strategic consulting group in Los Angeles and a senior associate with Merrill Lynch Capital Markets in mergers and acquisitions in New York. Mr. Sidhu served as CFO of On Stage Entertainment and oversaw its initial public offering on NASDAQ. On Stage was subsequently sold to McCown De Leeuw & Co. Mr. Sidhu was a founder and the finance director of Nano Universe PLC where he oversaw its listing on the LSE-AIM. In 2003 he built Aspen Communication located in New Delhi, India into an outsourcing company skilled in e-commerce fraud detection, accounting, customer and systems support and data analytics to large customers included Party Gaming (LSE:PRTY). Mr. Sidhu currently serves as CEO of URT1.

Cameron Guerrero has over 14 years of retail e-commerce and IT experience. He has worked for several technology and e-commerce companies, including 10 years at Fortune 500 ranked Zappos.com. Throughout his career, he has gained experience in several core e-commerce functions, including warehouse operations, purchasing, systems configuration and training, site merchandising, marketing, and customer service. As Buying Manager at Zappos.com, he managed a buying team with portfolios totaling US$25 million and received several awards for achieving millions of dollars in incremental sales growth. Throughout his career, he has successfully led international and domestic teams on large scale systems integrations including the integration between Zappos.com and parent company Amazon.com. Currently, Mr. Guerrero leads the operations of URT1, as Director, Merchandising and Global Operations.

Darren Collins will remain with the Company as Executive Vice President, Corporate Development.

Management Commentary

Mr. Sean Dollinger, President and CEO of Namaste, comments: “The acquisition of URT1 represents the realization of our objective to become the largest business to consumer e-commerce company focused on vaporizers and accessories. This transaction also further solidifies our position as the leading consolidator of the industry, provides a scalable and profitable platform for further consolidation, brings new product lines to our company, and strengthens our board and management team. I would like to thank all those individuals responsible for bringing this transaction together and look forward to working with the management of URT1.”

About URT1

Founded in 2000, URT1 Limited is one of the longest standing and best known online retailers of vaporizers, pipes and accessories in the UK. The company operates the web portals www.everyonedoesit.com and www.everyonedoesit.co.uk and carries over 2,500 products, including the latest vaporizers, pens, water pipes and an extensive line of accessories, which is one of the largest product selections available in the industry.

About Liberty North Capital Corporation

Liberty North Capital Corp. (“Liberty North”) is a transaction oriented, private investment banking firm, with offices in Toronto and Montreal. Established in response to the demand for high quality banking, merger and acquisition, and advisory services for small cap companies, Liberty North offers hands-on investment banking experience emphasizing practical and innovative solutions necessary to complete transactions in today’s sophisticated financial markets. Liberty North is also an Exempt Market Dealer registered in the provinces of Ontario and Quebec.

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce 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 link below:

www.namastetechnologies.com

www.namastevaporizers.com

www.namastevaporizers.co.uk

www.vaporseller.com

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 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

Contact Information

Namaste Technologies Inc.
Suite 2300 – 550 Burrard Street
Vancouver, BC, V6C 2B5
Main: + 1 (786) 389-9771
+ 1 (604) 685. 8045 (FAX)
[email protected]
www.namastetechnologies.com

 

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Namaste Technologies Inc. (N:CSE) Halted, Pending News $N.ca

Posted by AGORACOM-JC at 8:08 AM on Thursday, September 15th, 2016

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TORONTO, Sept. 15, 2016 /CNW/ – The following issues have been halted by IIROC:

Company: Namaste Technologies Inc.

CSE Symbol: N

Reason: Pending News

Halt Time (ET): 7:43 AM ET

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.Copyright CNW Group 2016

 

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FEATURE: #1 Vaporizer Distributor in Europe, $5.8M USD of Revenue Run Rate $N.ca

Posted by AGORACOM-JC at 5:25 PM on Wednesday, September 14th, 2016

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  • #1 vaporizer distributor in Europe
  • $5.8M USD of revenue run rate
  • Proprietary products launched
  • Perfect market timing for expansion

  • International ecommerce distribution
  • 30+ International based portals
  • 10 Languages
  • Proprietary vaporizer products
  • Targeting organic growth at 100% per year
  • Sourcing accretive M & A transactions

Regulation

  • Decriminalization and destigmatization of marijuana for medical and recreational use in US, Canada and Europe
  • Vaporizers have lower regulatory burden than growers

Health Advantages

Technical Advances

  • Improved mobility from reduced size of vaporizers
  • Ability to handle liquids, resins and plant matters
  • Conduction, convection, induction technologies
  • Mobile connectivity
  • Increasingly becoming part of the internet of things

 

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INTERVIEW: GrowPros (GCI:CSE) Natural Pharmaceuticals Derived From Cannabis and Other Medicinal Plants @growprosmmp $GCI.ca

Posted by AGORACOM-JC at 9:46 AM on Wednesday, September 14th, 2016

Comprised Of Two Divisions

Pharmaceutical Division – PhytoPain Pharma

  • A new subsidiary created June 2, 2016. 80% Ownership
  • Mission is the development and commercialization of botanical based pharmaceuticals
  • A clinical stage drug development company engaged in the development of medication to alleviate symptoms related to: Pain,
    Insomnia, anxiety disorder, in patients suffering from Cancer and other, chronic and terminal diseases

WHY DOCTORS NEED PHARMA MARIJUANA SOLUTIONS

  • A Physician’s decision to prescribe a new drug or even a natural health product has to be based on Evidence-Based Medicine > A legal, ethical requirement
  • Currently, no body of evidence exists to not support the prescription or recommendation of medical marijuana in any medical condition, including terminal cancer
  • The GrowPros pharmaceutical product development plan would provide the data necessary for physicians to prescribe or recommend our products

Hub On AGORACOM / Watch Interview Now!

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

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

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

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

Glitter King Property

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

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

Silver Side Property

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

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

Red Tusk Property

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

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

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

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

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

Glitter King

Year one:
$7,500 cash within 30 business days of TSX-V approval.
100,000 American Creek common shares within 10 days of TSX-V approval.
A minimum of $10,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.
Year two:
$10,000 cash
100,000 common shares
$20,000 work commitment
Year three:
$20,000 cash
150,000 common shares
$25,000 work commitment
Year four:
$30,000 cash
200,000 common shares
$35,000 work commitment
The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

Silver Side

Year one:
$5,000 cash within 30 business days of TSX-V approval.
50,000 American Creek common shares within 10 days of TSX-V approval.
A minimum of $5,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.
Year two:
$10,000 cash
75,000 common shares
$10,000 work commitment
Year three:
$20,000 cash
100,000 common shares
$30,000 work commitment
Year four:
$30,000 cash
150,000 common shares
$50,000 work commitment
The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

Red Tusk

Year one:
$5,000 cash within 30 business days of TSX-V approval.
50,000 American Creek common shares within 10 days of TSX-V approval.
A minimum of $10,000 of exploration work conducted on the property prior to the one year anniversary of the agreement.
Year two:
$10,000 cash
75,000 common shares
$20,000 work commitment
Year three:
$20,000 cash
100,000 common shares
$30,000 work commitment
Year four:
$30,000 cash
150,000 common shares
$50,000 work commitment
The vendor will retain a 3% NSR which can be fully bought out anytime for $500,000 per each 1%.

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

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

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

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

About American Creek

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

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

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

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

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

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

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

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

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

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

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

Logo

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

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

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

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

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

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

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

The technical contents of this release were approved by Mr. Donald Theberge, PEng., MBA, a qualified person as defined by National Instrument 43-101. The property has not been subject of a National Instrument 43-101 report.

About Durango

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

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

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

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

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

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

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

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

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

The following table lists the New Blast Zone results.

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

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

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

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

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

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

Quality Assurance/Quality Control

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

All specimens were first analyzed according to the following procedures.

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

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

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

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

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

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

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

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

Cautionary Statements regarding Forward-Looking Information

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

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

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.

Contact Information

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

 

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