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KWG Halted, PENDING NEWS $KWG.ca

Posted by AGORACOM-JC at 9:36 AM on Monday, August 22nd, 2016

Kwglarge

TORONTO, Aug. 22, 2016 – The following issues have been halted by IIROC:

Company: KWG Resources Inc.

CSE Symbol: KWG

Reason: Pending News

Halt Time (ET): 9:22 AM

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

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

Posted by AGORACOM-JC at 12:28 PM on Friday, August 19th, 2016

AMK: TSX-V, OTCBB: ACKRF

WHY AMERICAN CREEK RESOURCES?

  • American Creek has exceptional precious metal properties throughout British Columbia including two of the most prospective projects found in B.C.’s Golden Triangle; the Electrum and Treaty Creek properties.
  • The Electrum property is geologically similar to the nearby Brucejack (going into production in 2017) and the nearby Premier Mine (past producer).
  • So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

RECENT HIGHLIGHTS

  • A JV agreement with Tudor Gold was just signed to develop the Electrum and Treaty Creek projects.The people behind Tudor Gold were also behind Osisko Gold, one of Canada’s biggest mining successes.They have the resources, expertise, and experience of taking projects into production.
  • Specimens from the Electrum property average 27,092 gm/tonne silver and 248 gm/tonne gold. Read More
  • Tudor has now completed the previously announced Magnetotelluric survey and has commenced drilling Read More

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.

  • Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri. It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
  • Located in a particularly rich valley with 4 past producing commercial mines and a 5th in the adjacent valley.
  • Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tonne (roughly 50oz gold with 75oz silver).
  • Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
  • Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine.
  • Electrums Summary Report (for exploration) compares itself geologically to the Silbak Premier mine.
  • High-grade mineralization at surface has been confirmed extending over a 500 x 500m area. Specimens across that area include numerous bonanza grade results including 1,926 g/t gold with 37,995 g/t silver, 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver, 395 g/t gold with 46,601 g/t silver, and many more.
  • Drilling showed a continuation of high grade intervals at depth including grades up to 440 g/t gold with 400 g/t silver over 0.52m. Other high grade gold intervals include 38.4 g/t over 0.45m, 31.4 g/t over 2m, 29.9 g/t over 2m,16.9 g/t over 1.5m, 16.7 g/t over 1.3m, and 12.3 g/t over 1.9m along with longer intervals of 3 g/t over 26m, 1 g/t over 50m, and 0.5 g/t over 31m. High grade silver intervals at depth including 583g/t over 0.3m, 420 g/t over 0.9m, 384 g/t over 0.7m and 374 g/t over 0.65m were also discovered.
  • A very successful small program was run in the fall of 2015 wherein:
    o A new approach focusing on high-grade was employed
    o New zones of gold / silver mineralization were discovered with drill intersections grading from one up to 14 grams of gold per tonne.
    o A better understanding of the high-grade veining system was obtained
    o Numerous outcrops were tested on surface. 24 specimens were taken from the Shiny Cliff and averaged 248 g/t gold with 27,092 g/t silver, the highest sample being 1,926 g/t gold with 37,955 g/t silver. Specimens taken from a boulder 20m down slope from the Shiny Cliff averaged 10 g/t gold with 857 g/t silver.
    o Eleven specimens were collected along a quartz vein at the Rico showing. The specimens from the structure averaged 54 g/t gold with 11,512 g/t silver, the highest sample being 270 g/t gold with 44,048 g/t silver. Thirteen specimens were collected from a vein on Mine Hill and averaged 6 g/t gold with 522 g/t silver.
    o The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
  • Excellent logistics including road access, power located 2 km away and bulk tonnage shipping ports and supportive mining town located just40 km away in a mining friendly jurisdiction.

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 discovery”.

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.

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Leading Vaporizer Marketer, Namaste Technologies, Reports Website Traffic Up 531% $N.ca

Posted by AGORACOM-JC at 5:39 PM on Thursday, August 18th, 2016

Vancouver, British Columbia–(August 18, 2016) – Namaste Technologies (CSE: N) (FSE: M5BQ) (OTC Pink: NXTTF), an emerging leader in the vaporizer and accessories space, reports that site traffic is up 531% from 42,353 in April to 267,144 in July. Management attributes this growth to the recent acquisition of VaporSeller along with enhanced digital marketing strategies.

InvestmentPitch.com has produced a “video” which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Namaste” in the search box. The video is also available for viewing on YouTube (click here).

Based on this growth rate, Namaste is on track to achieve its near term goal of becoming the largest global retail e-commerce company in its space, and is actively looking to further expand its markets globally, through acquisitions and strategic partnerships.

The company has invested significant resources into improving the domain authority index of its flagship UK websites. As a result, domain authority has increased from 21 to 41, which now places Namaste in the top decile of all vaporizer sales globally, based on this important metric.

With more than 30 e-commerce retail stores in 20 countries, targeting both medical and recreational herb consumers, the company currently offers the largest range of brand name vaporizer products in the market.

According to Wells Fargo Research, the global market for vapor products is estimated to have exceeded $2 billion in 2014.

The company launched VASTrader, (www.VASTrader.com), a marketplace for the trading of previously owned vaporizers, and launched the Groovy Vapes application, available in the Google Play and Apple stores, for the purchasing of vaporizers.

Sean Dollinger, CEO, stated: “Almost exactly one year ago, we started the process of transforming Namaste into a public company with the objective of utilizing our ecommerce, engineering and financial skills to capture significant vaporizer market share. With our acquisition of Vaporseller and our investment in technology, the Company is now in position to become the leading industry consolidator. I am also happy to report that our TSX Venture Exchange listing application is being submitted to the exchange within the coming weeks.”

For more information please visit the company’s website www.NamasteTechnologies.com, or contact Sean Dollinger, CEO, at 786-389-9771 or email [email protected].

About InvestmentPitch Media

InvestmentPitch Media is arguably the largest producer and distributer of video news content, primarily for small and mid-cap companies. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:

InvestmentPitch Media
Barry Morgan, CFO
[email protected]

 

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KWG Shareholders Approve Multi-Voting Share $KWG.ca

Posted by AGORACOM-JC at 1:23 PM on Thursday, August 18th, 2016

Kwglarge

  • Reconvened to vote on a Special Resolution seeking authority to create (by conversion of common shares for holders electing to do so) multiple voting shares re-convertible into their constituent common shares
  • When the adjourned meeting was reconvened this morning 401 million shares were represented by proxy and 363 million of these were instructed to vote in favour of the Special Resolution. The holders of 115 million shares attended the meeting and voted in favour of the Special Resolution.

TORONTO, ONTARIO–(Aug. 18, 2016) – The shareholders of KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) concluded their Annual and Special General Meeting this morning when it was reconvened to vote on a Special Resolution seeking authority to create (by conversion of common shares for holders electing to do so) multiple voting shares re-convertible into their constituent common shares.

The meeting had been adjourned on July 21, 2016 prior to a vote on the resolution as only some 60% of the votes available to be cast at the meeting were then in favour. Of KWG’s 961 million outstanding shares, proxies for a total of 501 million shares were voted at that meeting and proxies representing 200 million shares were then instructed to be voted against the Special Resolution. The Company reported that its two largest shareholders, voting some 36% of the shares represented in person or by proxy at the meeting, had provided proxies that opposed the initiative which was overwhelmingly supported by the majority of KWG’s numerous individual shareholders. In the result, only some 60% of the votes available to be cast at the meeting were in favour and the meeting was adjourned without the Special Resolution having been put to a vote.

When the adjourned meeting was reconvened this morning 401 million shares were represented by proxy and 363 million of these were instructed to vote in favour of the Special Resolution. The holders of 115 million shares attended the meeting and voted in favour of the Special Resolution.

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 Aroland, 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.

Shares issued and outstanding: 961,320,281

Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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Pacific North West Capital (V.PFN) CEO outlines PGM portfolio potential $PFN.ca

Posted by AGORACOM-JC at 12:21 PM on Thursday, August 18th, 2016

  • PGMs to become ever more integral to our daily life
  • need for large domestic supplies will also become incredibly important as the world continues to define its geo-political boundaries

As we move forward into the 21st century with alternative energy traveling on smart grids servicing a variety of energy storage systems, PGMs will become ever more integral to our daily life. The need for large domestic supplies will also become incredibly important as the world continues to define its geo-political boundaries. It’s no wonder North American juniors are scrambling to put together the next big domestic PGM find. Pacific North West Capital (TSX: V.PFN, Forum) has built a robust and diverse portfolio of properties, which includes the company’s 100%-owned highly-prospective River Valley PGM project located in Northern Ontario. I sat down and spoke with Harry Barr, Chairman, CEO & Director of Pacific North West Capital, to get a closer look at the company, its assets and the potential it holds for investors. Have a listen.

http://www.stockhouse.com/news/newswire/2016/08/18/pacific-north-west-capital-v-pfn-ceo-outlines-pgm-portfolio-potential

–Gaalen Engen

Read more at http://www.stockhouse.com/news/newswire/2016/08/18/pacific-north-west-capital-v-pfn-ceo-outlines-pgm-portfolio-potential#mSXrIMSu5FH8okK2.99

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Namaste (C.N) seeks to become “Alphabet” of the vaporizer space $N.ca

Posted by AGORACOM-JC at 8:21 AM on Wednesday, August 17th, 2016

Click to enlarge

When industries start out, there is a window of opportunity for forward-thinking companies to become the axle from which all the spokes connect – to become the nexus of the sector. When Google stepped into the fray back in 1997, Google founders understood the underlying power of a truly dynamic search engine and how it could actually help shape the World Wide Web through analytics. As a result, two PhD students went from a good idea and a vision, to a corporate monolith, now known as Alphabet, with over 61,000 employees, a quarterly revenue of US$21.5 billion in Q2 2016 and since the start of the year, America’s most valuable company twice in three months, beating out Apple both times.

Click to enlargeIf we draw a parallel to the rapidly emerging medical and recreational marijuana sectors, it is 1997 all over again, and there is another company coming onto the field with a similar vision of pulling together a nascent legalized cannabis sector, that according to a 2014 report by Greenwave Advisors, is expected to surpass the NFL by 2020 with over $35.0 billion in revenues in America alone and this is a base figure. We are at the end of another prohibition and Namaste Technologies (CSE: N, Forum), headed by a like pair of young visionaries, intends to become the tie that binds in a high growth industry with plenty of blue sky.

Walk down a commercial street in Vancouver and you’re probably going to find a shop selling herbs or smoking/vaping accessories. Just like you would in Denver, Seattle, Portland, Nome and Washington, DC. Unfortunately, as this list continues to grow, it’s a mom-and-pop free-for-all when it comes to the sale of accessories, leaving many imbibers with shoddy product and bad advice. Namaste is leveraging regulatory, health and technology factors such as decriminalization and destigmatisation of cannabis products to grow its integrated technology-driven business model spanning e-commerce and wholesale marketing, logistics, customer service and research and development.
Click to enlargeOf course, every company selling vapes, drops that line, but Namaste has prided itself on the company’s integrity as President and CEO, Sean Dollinger, explained, “When Kory and I started this, there was this product called the Pinnacle Pro. There was a lot of defects with it, but it was the hottest seller out there. We had just started and we were the first ones to come out – the Muddy Waters of the vaporizer industry – and we actually gave a warrant notice on it. We got a tremendous amount of backlash on that, but at the end of the day, that was the start of why Namaste is the most trusted vaporizer site in the world now.”

When he said “world”, he wasn’t kidding. Namaste currently sells in 20 countries with just over 50% of its business coming out of Europe. Yes, you heard me, the company is revenue generating on a global scale and as of July, 2016, had a run rate of over $8.0 million and a 6% monthly organic growth rate. This leads us to the next part of the “Alphabet” strategy; inorganic growth through acquisition. On July 18th of this year, the company announced that it had closed its acquisition of Vaporseller, an e-commerce portal for the sales of vaporizers and accessories. The deal added an unaudited revenue base of US$3.4 million to Namaste’s topline. That’s an impressive 142% increase in revenue run rate. The transaction also netted over 150,000 names for Namaste’s customer list while adding new marketplace relationships and providing an entrance into the lucrative American market. Then there’s that little thing about a full product catalog of vapes, tanks, mods and accessories. You can see where this is heading, right?

Click to enlargeGoogle’s road to “Alphabet” was made possible by its ability to outmaneuver Yahoo and move with the times. Similarly, since Namaste’s inception, it has moved lithely with the digital age as company CFO, Darren Collins, explained, “Historically from founding of the business to where we are today, there’s certainly been a lot of milestones. From an operations perspective, it’s been streamlining the business to get the right systems and right infrastructure in place to really manage and scale the business. That means working with groups like Linnworks and Shopify, a great Canadian company.”

Namaste was also busy getting their distribution centres set up in the UK, the US, Brazil and Australia, then building teams to support these new regions. While this was going on, the company moved to build the solid base of board with lifetime veteran of corporate and project finance, Sidney Himmel, as Chairman. Sitting as Independent Directors are: Peter Simeon, expert in corporate commercial and securities law and partner at Gowling WLG, as well as Sefi Dollinger, serial entrepreneur with over two decades of experience, and specializations in sales management, new business development and contract negotiation.

The founding management team of Sean Dollinger and Kory Zelickson as COO, combines over 15 years’ expertise in online marketing and over 12 years’ experience in designing, developing, and manufacturing new products. Together this dynamic duo has done over $350 million of online sales. Then the addition of Darren Collins, who has over 10 years of corporate and project finance experience and has been involved in over $1.0 billion worth of transactions. You could safely say this is a power trio.

Click to enlargeWhen it comes to finances, Namaste has also had a transformative year. The company raised its first external financing for gross proceeds of approximately $1.3 million and of course, the company went public to tap into and consolidate a fragmented market. Collins added, “It’s a high-growth market and we now have a public markets currency, and a good pipeline of additional opportunities. I think it bodes well that we were able to close our first acquisition of Vaporseller right out of the gate.”

Click to enlargeI believe I said something about products a while back. Namaste is also a manufacturer with its leading-edge premium vape, The Grizzly Guru. The Grizzly Guru is basically the top-end Swiss Army Knife of the vaporizer world. If you have herb, if you have oils or wax concentrates or even e-liquid cartridges, you can use the Grizzly Guru without worry. It isn’t hard on the pocket book either at $195. Don’t let the price fool you, it beat the pants off of the $400 Mighty vaporizer when it came to features. Oh yeah, the Guru has a 70% profit margin. So the customer smiles and the shareholder celebrates.

Dollinger’s marketing prowess taps into multiple demographics and increases traffic and conversions by employing key ad space on site to showcase Namaste Vaporizers, for the 18-44 age group with product reviews by Kory Zelickson, Vape Gossip, for the female demographic with Chelsea product reviews, Green Vapes, for the baby boomers with product reviews by Marc Mulvany and last but not least, Groovy Vapes for the 18-30 gamer.

As with any successful online operation, social media plays an important part. Namaste is crafting its own social experience that will combine the act of trading vaporizers with ecommerce portals to increase commercial traffic and recurring revenue while building tightly knit communities of like-minded individuals. Talk about sticky.

Collins went on to explain what investors have to look forward to, “We have some e-commerce developments that we will be sharing with the market. Some of the things we’ve really been focused on have been increasing our domain authority, increasing our traffic and increasing the quality of our platform. I think we’ve made some real progress there that we will be sharing with the market as well. We also have exclusivities we are working on with manufacturers. Manufacturers are looking for groups to take them international in many cases, so we look to exclusivities on specific jurisdictions with some well-known manufacturers.”

Collins quickly added, “Just for reference, the largest company in the space is called VapeWorld. This company does about US$85.0 million worth of run rate revenue. The cornerstone of how that company was built was through an exclusivity on a product called, Pax. That product is the best-selling vaporizer in the world. So that really transformed the business into a market leader.”
Click to enlargeNamaste will also work to develop more relationships with distributors and LPs here in Canada, as well as develop international partnerships with groups looking to expand into hardware distribution. Investors and the public can also look forward to a series of new products being released under Namaste’s Grizzly Originals brand over the coming months.

So how is Namaste going to fuel this push? What are books like and how are they going to be over the next 12 months? Okay, we know they’re generating revenue. That means the core business is working. This past year was full of one-time expenses to do with publicly listing and the Vaporseller acquisition. That said, Collins didn’t think fiscal 2016 would show a profit for the company, but the company would only need to raise money to increase inventory and since the cash cycle is nearly instantaneous, Namaste wouldn’t have to sit on that extra investment for long.

Basically as Namaste moves ahead, it will be a triple threat dealing in e-commerce, manufacturing and wholesale with margins that would make your mouth water. If the company is able to continue its present momentum and stick to its innovative vision, we may very well see Namaste launch its own umbrella company to keep up with its business. Even leaving the blue sky prospect aside, the company will probably do over $10.0 million run rate revenue in the near term and its market cap is $7.44 million. I think the math speaks for itself. Investors would be wise to keep this on their radar, but don’t take my word for it, however. As always, do your due diligence before making any investment decision.

–Gaalen Engen
http://twitter.com/gaalenengen

FULL DISCLOSURE: Namaste Technologies is a Stockhouse Publishing client.
Read more at

 

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Pacific North West Capital Acquires 100% Interest in Eagle Pegmatite, SE Manitoba; Part of the Lithium Two Project $PFN.ca

Posted by AGORACOM-JC at 9:28 AM on Tuesday, August 16th, 2016

Hublogo1_copy

  • Eagle Pegmatite acquired from Mustang Minerals Corp and added as a part of the Lithium Two Project
  • The Lithium Two Project is PFN’s 5th, 100% owned Hard Rock Lithium Project in Southeast Manitoba
  • The Eagle Pegmatite has a 1947 historic, is not 43-101 compliant, and has a resource calculation of 544,460 tonnes of Spodumene with an average content of 1.4% Li2O
  • Summer Surface Exploration planned for 2016 with follow-up drilling in 2017
  • The Company is currently negotiating with interested parties, regarding to Option/Joint Venture arrangements, on its 5, 100% owned Lithium Projects in Manitoba

Vancouver, BC / August 16, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSXV: PFN; FSE: P7J; OTCQB: PAWEF announces that it has acquired a 100% interest in Eagle Pegmatite, in SE Manitoba, from Mustang Minerals Corp. This Pegmatite will be a part of the new Lithium Two Project and held under PFN’s 100% owned subsidiary, Lithium Canada Development Inc.

-Eagle Pegmatite acquired from Mustang Minerals Corp and added as a part of the Lithium Two Project

-The Lithium Two Project is PFN’s 5th, 100% owned Hard Rock Lithium Project in Southeast Manitoba

-The Eagle Pegmatite has a 1947 historic, is not 43-101 compliant, and has a resource calculation of 544,460 tonnes of Spodumene with an average content of 1.4% Li2O

-Summer Surface Exploration planned for 2016 with follow-up drilling in 2017

-The Company is currently negotiating with interested parties, regarding to Option/Joint Venture arrangements, on its 5, 100% owned Lithium Projects in Manitoba

The Lithium Two Project is located approximately 145 kilometres (90 miles) NE of Winnipeg, Manitoba, Canada and 22 kilometres north of the Tanco Mine Site. It is a part of the Cat Lake portion of the Cat Lake – Winnipeg River Pegmatite Field. The Winnipeg River Pegmatite Field hosts the World-Class Tanco Pegmatite which has been mined since 1969.

The Lithium Two Project consists of one claim (CAT 3, MB 3903) of 137 hectares (3.4 acres) in size, which is situated north of Cat Lake. The option agreement from Mustang Minerals allows the company to acquire the adjacent ground, should mineralization continue, onto other Mustang claims. This Project has Excellent Access, with a major gravel covered provincial highway through the project area.

The Eagle Pegmatite has been reported to be exposed at surface as a series of lenticular Spodumene-bearing Dykes, over a distance of about 823 metres, with a general strike of 077? and a near vertical dip. Several companies have explored for Pegmatites in the region. In 1947, drilling of the Eagle Pegmatite estimated that there was 544,460 tonnes (600 000 tons) of Spodumene with an average content of 1.4% Li2O to a depth of 61 metres (200 feet). This is a historic estimation and is Non NI 43-101 compliant. It was also reported at that time, that structural controls on the mineralization suggested that the Eagle Pegmatite continued to depth.


Click Image To View Full Size

Lithium Two Project Location Map

The Eagle Pegmatite has a 1947 historic, is not 43-101 compliant, and has a resource calculation of 544,460 tonnes of Spodumene with an average content of 1.4% Li2O

A Surface, Phase One Exploration Program will be carried out during the fall of 2016. This program will consist of Mapping, Prospecting and Sampling of the known Pegmatites. Follow-up Drilling is planned for 2017.

The Lithium Two Project is Lithium Canada Development’s 5th Lithium Project in SE Manitoba. To date, the company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineralization Potential in the Cat Lake-Winnipeg River Pegmatite Field.

As part of our Prospector Generator Model, the Company is currently negotiating with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives on the Company’s Lithium Projects in SE Manitoba.

About The Company’s Lithium Division

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

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with Surging Demands and Limited Supply. Going forward, this New Division will Explore for the minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The Company has a growing portfolio of Lithium Projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project Acquired by the Company (PFN News Releases April 25th, 2016 and May 9th, 2016). The Company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016, May 24th, 2016), July 5th, 2016 and July 21st, 2016) located in the Winnipeg River Pegmatite Field of SE Manitoba.

Lithium and Platinum Group Metal Prices have Improved Dramatically in recent months. Lithium Supplies remain in deficit, relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever-increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

An aggressive 2016/17 Acquisition and Exploration Program is underway with the objective to have several projects at the drill ready stage, by early 2017.

About the Company’s Platinum Group Metals Division

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

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to buy down;
  2. 2.Completed Exploration and Development Programs on the River Valley Property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
  3. 3.Results for the current (2012) mineral resource estimate are below;
  4. 4.2015 Drill Program confirms New High Grade T2 Discovery


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  1. 5.Exploration and Development Plans outlined for 2016
  2. 6.Ongoing Strategic Partner search for River Valley Project
  3. 7.Results for the most recent Metallurgical Testwork Study are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

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

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade potential, particularly in the north part of River Valley deposit

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


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

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

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

– Recent results show potential to take the River Valley PGM Project in a new direction

-More drilling required and field crews are currently ground-proofing the targets to better pinpoint Fall and Winter Drill Programs


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  1. 9. Exploration and Development Plans for 2016:

-Mineral Prospecting and Geological Mapping on surface

-Drill Programs targeted to add more higher grade

-Geological Interpretation and 2D/3D Modeling of all Drill and Surface results

-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund

of all Exploration Expenditures, up to $300,000.

-Ongoing Strategic Partner Search for River Valley

  1. 10.PFN has recently (News Release August 4th, 2016) acquired additional ground in the River Valley area from Mustang Minerals
  2. 11.Aggressive on-going Project Acquisition Program in North America, with Specific focus on the Sudbury Mining District and in Alaska

QUALIFIED PERSON

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

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

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

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

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American Creek Reports That Drilling Has Commenced at Treaty Creek $AMK.ca

Posted by AGORACOM-JC at 9:24 AM on Tuesday, August 16th, 2016

  • Tudor has now completed the previously announced Magnetotelluric survey,
  • Commenced drilling on the Treaty Creek Property
  • Located immediately adjacent to Seabridge Gold’s KSM project in the “Golden Triangle” of NW British Columbia 75km north of Stewart

CARDSTON, ALBERTA–(Aug. 16, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that its JV partner, Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor”) has now completed the previously announced Magnetotelluric survey (“MT survey”) and has commenced drilling on the Treaty Creek Property located immediately adjacent to Seabridge Gold’s KSM project in the “Golden Triangle” of NW British Columbia 75km north of Stewart.

The MT survey was conducted by Simcoe Geoscience Ltd. using the same geophysicist that designed, ran, and interpreted MT surveys on the adjacent KSM and Brucejack projects owned by Seabridge Gold and Pretivm Resources respectively. The Treaty Creek program utilized the same equipment and technology that has been used with great success on the adjoining properties. The survey is 3D and covers all the areas of known mineralization on the Treaty Creek property and will aid in revealing the extent of the existing MT anomalies in far greater detail, and potentially reveal new anomalies, giving Tudor the same type of insights that have contributed to the major discoveries on the Seabridge and Pretivm properties within the same hydrothermal system.

American Creek and Tudor recently entered into a joint venture agreement with Tudor holding a 60% interest and American Creek and Teuton Resources Corp. each holding 20% carried interests in the project. Tudor is the operator.

An updated link with more information regarding the MT survey and the Treaty Creek property can be found on the American Creek website homepage.

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

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.

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

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Posted in American Creek Resources Ltd. | Comments Off on American Creek Reports That Drilling Has Commenced at Treaty Creek $AMK.ca

GrowPros Announces the Closing of a Non-Brokered Private Placement $GCI.ca

Posted by AGORACOM-JC at 4:47 PM on Monday, August 15th, 2016

Growpros_hub_large

  • Announced the closing of a non-brokered private placement of 2,160,000 units at a price of $0.05 per unit for aggregate gross proceeds of $108,000
  • Unit consists of one common share and one transferable warrant, with a whole warrant entitling the holder to purchase one common share at a price of $0.07 for a period of twenty-four months expiring August 15, 2018

OTTAWA, ONTARIO–(Aug. 15, 2016) – GrowPros Cannabis Ventures Inc. (“GrowPros” or “the Company”) (CSE:GCI) announces the closing of a non-brokered private placement of 2,160,000 units at a price of $0.05 per unit for aggregate gross proceeds of $108,000. Each unit consists of one common share and one transferable warrant, with a whole warrant entitling the holder to purchase one common share at a price of $0.07 for a period of twenty-four months expiring August 15, 2018.

In connection with the private placement, the Company will pay a cash finder’s fee of $4,250 and will issue 85,000 non-transferable finder’s warrants. Each finder’s warrant entitles the holder to purchase one common share of the Company at a price of $0.07 per share for a period of twenty-four months expiring August 15, 2018.

Two insiders participated in the private placement by purchasing 1,000,000 units for a total of $50,000.

The securities issued pursuant to the private placement are subject to a four-month hold period from the closing date and subject to all necessary regulatory approvals, including the approval of the Exchange.

The proceeds of the private placement will be used to fund general working capital.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Ryan Brown
Chief Executive Officer
(613) 421-8402

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Durango Phase One Exploration Completed at Nemaska Properties $DGO.ca

Posted by AGORACOM-JC at 8:37 AM on Monday, August 15th, 2016

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  • Exploration team has completed its inaugural field exploration program on its group of properties near Nemaska
  • Program which included detailed mapping and sampling of the newly identified pegmatite outcrops and outcropping ridges on Durango’s Nemaska Whabouchi area properties

Vancouver, BC / August 15, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to the news release of August 3, 2016, Durango’s exploration team has completed its inaugural field exploration program on its group of properties near Nemaska, Quebec.

Mr. Donald Theberge, P.Eng., M.B.A led the exploration program which included detailed mapping and sampling of the newly identified pegmatite outcrops and outcropping ridges on Durango’s Nemaska Whabouchi area properties. The helicopter assisted work program focused on reaching inaccessible areas to prioritize drill targets and was completed ahead of schedule thanks to the hard working exploration crew.

Previous work in 2011 outlined multiple pegmatite occurrences on Durango’s NMX East claims adjacent to Nemaska Lithium Inc. (TSX-NMX), and were evaluated for targets to be added to a drilling schedule. The program was successful in sampling the identified pegmatites and outcropping ridges which were not previously evaluated by any companies. A total of 87 grab samples were taken during the survey of the properties and the samples have been sent to ALS Minerals Laboratories in Val D’Or, Quebec. The geologists will supply information on the sampling program and issue a report on the work completed with correlating results as soon as they become available.

Marcy Kiesman, CEO of Durango, comments, “We would like to thank Nemaska Lithium Inc. for their hospitality and allowing our team to visit their impressive neighbouring Whabouchi property. We would also like to thank the people of the Cree First Nation of Nemaska for taking time to speak with us and providing us with a tour of the community. We are fortunate to be poised for discovery in an area teeming with activity.”

The technical contents of this release were approved by Mr. Donald Theberge P.Eng., M.B.A., a Qualified Person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

About Durango

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

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the purchase, development, completion of Financing, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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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