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CLIENT FEATURE: American Creek (AMK: TSX-V) Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

Posted by AGORACOM-JC at 12:33 PM on Thursday, June 16th, 2016

AMK: TSX-V, ACKRF: OTC Pink

WHY AMERICAN CREEK RESOURCES?

  • Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
  • 20% fully carried interest
  • 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

  • Closed two separate joint venture agreements with Tudor Gold Corp. (TSX VENTURE:TUD) (Read Release)
  • Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
  • Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
  • TSX Venture Exchange approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. Read Our Recent Blog

Exceptional Properties

Electrum Gold-Silver Property, British Columbia – 100% owned

The Electrum property has a rich history with some of the highest grade hand-mined ore mined in North America combined with excellent logistics. The property is located directly between two high-grad vein gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017).All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.

The Electrum Property holds significant potential to attract mining companies when considering its high-grade nature combined with the exceptional logistics in place.

  • Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri.It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
  • Located in a particularly rich valley with 4 past producing commercial mines and a 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 tone (roughly 50oz gold with 75oz silver).
  • Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
  • Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine as well.
  • Exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, with numerous silver intervals of 583g/t, 501 g/t, 420 g/t, 384 g/t in core, and surface samples of 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.
  • A very successful program was run in 2015 wherein:
    • A new approach focusing on high-grade was employed very successfully
    • A new zone of gold / silver mineralization was discovered
    • A better understanding of the property geology was obtained
    • Surface samples from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold



  • The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
  • Excellent logistics including road access, power located 2 km away and a bulk tonnage shipping port and supportive mining town located just40 km away in a mining friendly jurisdiction.

The high-grade ELECTRUM PROPERTY recently had a program run on it. CLICK HERE for the Electrum presentation and HERE for the 2015 drill program presentation. The highly mineralized gossans on the Electrum are shown in the image at the top of this page.

2015 Drill Program Presentation

Treaty Creek Gold-Copper Property, British Columbia – 51% Joint Venture

Treaty Creek Property


Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.

Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.

Seabridge 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 the neighbours 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.

The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.

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Pacific North West Capital Completes 100% Acquisition of Strategic Lithium Brine Project Clayton Valley, Nevada $PFN.ca

Posted by AGORACOM-JC at 9:08 AM on Thursday, June 16th, 2016

  • Option to acquire 100% of a Clayton Valley Fork Li Project completed-Clayton Valley hosts North America’s largest Lithium Carbonate production evaporation operations derived from Lithium Brines-Technical Team (exploring) Potential for fault derived structural traps that may contain Lithium-Rich Brine
  • Corporate objective is to develop an economic Lithium Brine Project
  •  Exploration planning nearing completion; ground work slated for Summer/Fall 2016
  •  OTCQB Listing completed USA Trade Symbol: PAWEF, Frankfurt: P7JF
  • The company has a well-diversified project portfolio of Platinum Group Metals and Lithium Projects
  •  The company’s 100% owned River Valley PGM resource is one of the largest undeveloped primary PGM resources in Canada River Valley PGM Project

June 16th, 2016, Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF further to the company’s previous news release (PFN April 25th, 2016 News Release), the Clayton Valley Forks Li Project (“CVF”) is comprised of 73 claims for a total of approximately 583 hectares (1440 acres) and is located on the west side of Lithium X’s South

expansion Project in Clayton Valley.


Click Image To View Full Size

Figure 1: Company claim blocks in the Clayton Valley area of Nevada

(Figure 1 is a company made composite and not intended for redistribution. The company accepts no responsibility for the accuracy of other claim blocks other than the claim block associated with the Clayton Valley Forks Li Project)

Mr Barr Chairmen and CEO of PFN stated “With the completion of this acquisition, our company has acquired its first strategic USA Lithium Brine asset. The Clayton valley Fork Li Project is situated in North America’s only Lithium Brine producing area, where approximately 4% of the world’s supply of Lithium Brine is produced. Due to growing demand, decreasing supply and increasing price of Lithium, Clayton Valley has become host to one of the largest project acquisitions and staking rushes in recent Nevada history. We look forward to developing and implementing an aggressive exploration and development program on this strategic project.”

The Property is strategically located south of the Silver Peak Lithium Mine operated by Albemarle Corp. Pure Energy Minerals Limited’s Clayton Valley South project is situated on the east side of Clayton Valley and the Clayton Valley Forks Li Project is situated on the opposite side of the valley, the west side.

The company plans to test for Lithium-Bearing Aquifers thru the Project Area. The company’s technical team believes that geological structures of the sediment-filled Clayton Valley basin, underlying the claims, contains sediments that, based on previous work in the area, have the potential to lead to new Li discoveries. The geological environment appears similar throughout the basin, but the company’s technical team is reviewing all available data, to build an exploration plan that is slated to begin the Summer/Fall of 2016.

The project is situated over an area that is believed to contain favourable geology, faults, ground water and possible Lithium-Bearing source rocks. The west side of the north-south trending Clayton Valley Basin lies within a geological belt of right lateral deformation, near the western edge of the Basin and Range geological province. The project area also a straddles the Walker Lane wrench fault zone, which is still active today. Aerial photos reveal strong faults on the mountains west of the project that roughly trend northerly-southerly. This faulting system may have formed structural traps which could contain accumulated lithium rich brines. Upcoming exploration programs will focus on geophysics and drilling.

Further announcements will be forthcoming, with regard to the projects near completion, further exploration and development plans, as well as other acquisitions in Canada and the United States.

Nevada the Lithium Hub

Nevada Building a Future for Green Energy Manufacturing

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

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

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

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States, the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

In addition to the Lithium Brine potential of the CV West Li Project in Nevada, the company has and is developing Hard Rock Lithium Projects in Canada (April-21st-2016-PFN- Clayton Valley). The Lithium One Project in southeast Manitoba: May-3rd-2016-PFN-Completes-acquisition-Lithium-One- is located 8.5 kilometers south of the Tanco Mine Site, North America’s richest and longest operating Hard Rock mine for Tantalum, Lithium and Cesium. Recently, PFN adds another Manitoba site: May-24th-2016-PFN-grabs-Lithman-West-Lithium-Project, along with a 3rd site: June-15th-2016-Pacific-North-West-Capital-Acquires-4th-100%-Owned-Lithium-Project-Lithman-North.

Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for Autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the company’s Platinum Group Metals Division

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

  1. 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
  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 Study are summarized below:

– Prepared by Tetra Tech (formerly Wardrop)

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

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

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

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

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


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

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

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

  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 modelling of all drill and surface results-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.-Strategic Partner Search for River Valley-River Valley exploration programs begin in early July 2016

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 ” Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

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

Harry Barr 67 Burtch’s Lane, Rockport, ON, K0E 1V0

Suite #522, 5525 West Boulevard, Vancouver, BC, V6M 3W6

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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Pacific North West Capital Acquires 4th 100% Owned Lithium Project Lithman North Project, Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 9:17 AM on Wednesday, June 15th, 2016

  • -The company acquires 4th 100% owned Lithium project-Lithman North Project is 15 kilometers to the northwest of the Tanco Mine site in southeast Manitoba-The Tanco Mine was Canada’s largest producer of Spodumene, Tantalum and Cesium, producing from the Tanco Pegmatite

    -Spodumene is mined from Pegmatites and is one of the primary Lithium ore minerals in hard rock Lithium mines

    -Lithman North project is situated approximately 17 kilometers to the northwest of the Lithium West Project and 12 kilometers north of the Lithium One Project.

    -To date this brings the total amounts of company’s claims in the Winnipeg River Pegmatite Field to 21, for a total of 3,691 hectares (9,120 acres)

June 15th, 2016 Vancouver, Canada / Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that it has acquired another Lithium project in southeast Manitoba through staking. The project will be held by Lithium Canada, which is a 100% subsidiary of PFN.

The Lithman North Project is situated to the northwest of the present day Tanco Mine, which currently is producing Cesium Formate, a completion fluid for the petroleum industry. The Tanco Mine, was previously known as North America’s largest producer of Spodumene, Tantalum and Cesium. Spodumene is one of the primary Lithium ores minerals in hard rock Lithium mines. The 100% owned project consists of 3 claims for a total area of 372 hectares (919 acres).


Click Image To View Full Size

The project area is situated in the Bird River Greenstone Belt and was staked to cover several large Pegmatites as found on government maps. The Pegmatites have had little exploration and there are no historical records. A field review of the Pegmatites showed them to be Albite Pegmatites with a complex mineralogy. Field work is being planned to explore them for the summer of 2016. They are located approximately 15 kilometers to the northwest of the Tanco Minesite and on the northern margin of the Winnipeg River Pegmatite Field.

The Tanco Pegmatite was discovered on the west side of Bernic Lake from surface drilling in the 1920’s. The mine went into production in 1969 and has produced over the years, in varying capacity, and is still producing today. It is a buried Pegmatite and not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite and is hosted by a late stage, subvolcanic Gabbro. The total tonnage of the Tanco Gabbro Pegmatite has been calculated to be approximately 25 million tons. It is a part of the Bernic Lake Pegmatite Group of the Winnipeg River Pegmatite Field.

The company considers the Lithman North Project to have the potential to host additional Lithium-bearing Pegmatites similar to others found in the region. The area has strong infrastructure and is an active mining area. The staking of this additional ground has increased the claims in the Winnipeg River Pegmatite Field to 21 for a total of 3,691 hectares (9,120 acres). Lithman North Project is situated approximately 17 kilometers to the northwest of the Lithium West Project and 12 kilometers north of the Lithium One Project. The project has excellent infrastructure and is located approximately 150 km (93 miles) northeast of the provincial capital, Winnipeg. Claims are to the east of Bird Lake and a gravel based highway (HWY 315) runs through the project area.

With respect to the Lithman North Project, a finder’s fee in the amount of 60,000 shares of the Company is payable to Carey Galeschuk. The finder’s fee is subject to TSX Venture Exchange approval.

All shares issued in connection with the finder’s fee are subject to a four month and one day hold period from the date of issuance.

Further announcements with regards to joint venture partners and exploration plans will be forthcoming.

About The Company’s Lithium Division

The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

Management believes that these new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

The 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 and May 24th, 2016).

Lithium and Platinum Group Metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the company’s Platinum Group Metals Division

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

  1. 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


Click Image To View Full Size

  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 (formerly Wardrop)

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

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

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

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

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


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

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

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

  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 modelling of all drill and surface results

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

    -Ongoing Strategic Partner Search for River Valley

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 North West 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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PhytoPain Pharma Files Clinical Trial Application (CTA) for a Topical Product for the Treatment of Chemotherapy-Induced Neuropathic Pain $GCI.ca

Posted by AGORACOM-JC at 8:54 AM on Wednesday, June 15th, 2016

Growpros

  • Announced that it has filed a Clinical Trial Application (CTA) with Health Canada for PhytoPain Topical Gel Relief (PPTGR), a locally administered therapeutic for the treatment of chemotherapy-induced neuropathic pain (CINP)
  • Upon approval of the CTA, the Company plans to initiate a double-blind, randomized, cross-over, placebo-controlled clinical study with PPTGR in late 2016 and expects to report initial clinical data from the trial in late 2017

OTTAWA, ONTARIO–(June 15, 2016) – PhytoPain Pharma (PPP) Inc., a subsidiary of GrowPros Cannabis Ventures Inc. (“GrowPros” or the “Company” or “GCI“) (CSE:GCI), today announced that it has filed a Clinical Trial Application (CTA) with Health Canada for PhytoPain Topical Gel Relief (PPTGR), a locally administered therapeutic for the treatment of chemotherapy-induced neuropathic pain (CINP). Upon approval of the CTA, the Company plans to initiate a double-blind, randomized, cross-over, placebo-controlled clinical study with PPTGR in late 2016 and expects to report initial clinical data from the trial in late 2017.

CINP is a common adverse effect of cancer therapy and a frequent reason why cancer patients stop their treatment early. For some patients, the severity of the symptoms can be reduced by lowering the dose of chemotherapy or temporarily stopping it. In other patients, the symptoms of CINP may last for months or years after the cancer therapy has stopped. CINP symptoms are managed using the same analgesics used to manage other types of neuropathic pain. Some of these analgesics also cause intolerable side effects in patients. The use of a topical counterirritant may help reduce the symptoms of CINP and avoid exposing some patients to oral neuropathic pain analgesics.

According to Dr. Guy Chamberland, the Company’s Chief Scientific Officer, “PPP is developing this topical product to provide cancer patients a safer, natural and more tolerable alternative in the management of CINP”. The development of the PPTGR product is in line with PPP’s strategy to bring an integrative medical approach for cancer patients suffering from pain. “The demonstration of the safety and efficacy of botanical drugs including cannabis for pain management is a critical step in the development of an evidence-based approach to integrative medical care. PPP intends on working with physicians to demonstrate that PPTGR can be safely used as an adjunct to inhalation and oral medical marijuana for the reduction of pain in cancer patients. Physicians need additional drugs that can help reduce the amount of narcotics required to manage pain while minimizing the risk of psycho active effects or tolerance to opioids, cannabis, and other narcotics commonly prescribed to patients. The intention is to develop PPTGR, and other botanical-based drugs, as adjuncts to the standard of care,” stated Dr. Chamberland.

PPTGR is a counterirritant topical gel that conforms to the Natural and Non-prescription Health Products Directorate (NNHPD) monograph. However, the intended use of counterirritant products under the NNHPD monograph does not include the temporary relief of CINP. PPP is launching a clinical trial to demonstrate the safety and efficacy of PPTGR in cancer patients with CINP and work with medical oncologists to integrate the use of PPTGR in the management of CINP.

International research indicates that 60% of patients undergoing chemotherapy will suffer from varying degrees of CINP during their treatment. PPP believes it can demonstrate increased symptom alleviation using natural based agents and mixtures as opposed to the synthetic alternatives. “PPP was created to conduct cannabinoid and medicinal plant based research with the goal of developing over-the-counter products for consumers and prescription drug products for physicians that can be distributed through the existing pharmaceutical infrastructure. This submission is the first step in the growth of our vision,” commented CEO Ryan Brown.

CINP Market Size and comparison products

MARKET STATISTICS:

There were an estimated 15.2 million cancer cases globally in 2014 according to the International Agency for Research on Cancer (IARC) with projections of 17.1 million cases in 2020. Roughly 25%-30% of cancer patients receive chemotherapy, and of those patients, 70%-80% experience a form of CINP. The global CINP market saw estimated revenue of $1.3 billion in 2014 with a projected 5.7% compounded annual growth rate through 2020 as cancer rates climb with growing, aged populations. Of the products available Oral delivery drug of dronabinol which is comprised of synthetic cannabinoids had sales of $110M in 2014. Similar to other mainly orally administered cannabinoids, results in relatively low bioavailability, coupled with irregular pharmacokinetics secondary to absorption variability and first-pass metabolism by the liver, complicated by the need for multiple dosages per day. In addition, many patients report nausea and/or vomiting as a side-effect related to the drug. (NEMUS BIO SCIENCE)

Many studies have concluded that natural cannabinoids offer a safer, more effective solution than their synthetic counterparts. A recent article entitled Comparison of Outcome Expectancies for Synthetic Cannabinoids and Botanical Marijuana, from The American Journal of Drug and Alcohol Abuse, concluded that given growing public acceptance of recreational and medical marijuana, coupled with negative perceptions and increasing regulation of synthetic cannabinoid compounds, botanical marijuana is likely to remain more available and more popular than synthetic cannabinoids.

“PPP is proud to position itself as a leader in the development of natural pharmaceuticals derived Cannabis and other medicinal plants,” commented CEO Ryan Brown.

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.

GrowPros Cannabis Ventures Inc.
Ryan Brown
Chief Executive Officer
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Andre Audet
Executive Chairman
(613) 421-8402

GrowPros Cannabis Ventures Inc.
Dr. Guy Chamberland
Chief Scientific Officer and Regulatory Affairs
(514) 220-9225

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American Creek Closes Two JV Transactions With Tudor Gold Corp $AMK.ca

Posted by AGORACOM-JC at 5:59 PM on Tuesday, June 14th, 2016

  • Announced that it has now completed the sale to Tudor Gold Corp. (TSX VENTURE:TUD) of certain of its interests in the Electrum property and the Treaty Creek property, both of which are located in the “Golden Triangle” in NW British Columbia

CARDSTON, ALBERTA – (June 14, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek“) is pleased to announce that it has now completed the sale to Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor“) of certain of its interests in the Electrum property and the Treaty Creek property, both of which are located in the “Golden Triangle” in NW British Columbia (refer to our previous news release dated May 11, 2016).

Pursuant to a joint venture agreement entered into with Tudor, American Creek sold an undivided 60% interest in its Electrum property in consideration for 1,000,000 Tudor shares and the payment of $500,000 cash. Tudor also invested $250,000 into American Creek by way of a private placement under which American Creek issued 3,125,000 shares at a price of $0.08 per share to Tudor. All shares issued under this agreement are subject to both a 4 month statutory/regulatory hold period as well as a voluntary hold period which expires May 10, 2017. A 60/40 joint venture has now been formed and Tudor is the operator of the project.

Pursuant to a separate joint venture agreement entered into with Tudor and Teuton Resources Corp. (“Teuton“), American Creek sold an undivided 31% interest in its Treaty Creek property to Tudor in consideration for 500,000 Tudor shares. A joint venture has now been formed with Tudor holding a 60% interest and each of American Creek and Teuton holding a 20% interest in the joint venture. Both American Creek’s and Teuton’s 20% interests are fully carried during the exploration period until a production notice is given. Thereafter, each will be responsible for 20% of the costs under and subject to the terms of the joint venture. Tudor is the operator of the project. Under the terms of the agreement, Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. All shares issued under this agreement are subject to both a 4 month statutory/regulatory hold period as well as a voluntary one year hold period.

Darren Blaney, American Creek’s CEO, states: “We are pleased to have closed these two JV transactions with Walter Storm’s Tudor Gold Corp. We are very much looking forward to the advancement of both the Treaty Creek and Electrum projects.”

The Treaty Creek property is located immediately adjacent to, and on geological trend with Seabridge Gold’s KSM project and north of the Pretivm Resources Brucejack project. The Sulphurets Thrust Fault, which has been identified by BC government geologists as being related to all of Seabridge’s KSM property gold-copper deposits, continues northeast through the Treaty Creek property.

The Electrum property is located approximately 45km north of Stewart, British Columbia, near past operating mines including the Riverside, Scotty Gold, Granduc, Big Missouri and Silbak-Premier. The Electrum is road accessible and is only 45km from recently upgraded concentrate shipping port facilities located in Stewart. A new electrical power line currently being constructed by Pretivm Resources runs right up the valley beside the Electrum project and may provide a future source of power. The Electrum property encompasses the historic East Gold Mine which has produced extremely high grades of gold, silver and electrum in the past, over 25 years of small-scale hand mining. Past work completed by American Creek has identified several areas on the property which contain very high grade gold and silver vein systems.

About American Creek
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.

Further information relating to American Creek is available on its website at www.americancreek.com

This press release was prepared by management who takes full responsibility for its contents. 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 Statements
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company’s profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.

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

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END OF DAY ALERT – (FMR: TSX-V) Up 31% on 1.6M Shares Traded $FMR.ca

Posted by AGORACOM-JC at 4:37 PM on Monday, June 13th, 2016

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LAST: $0.21 UP: $0.05

Percentage: +31% Volume: 1.6M Shares

  • Optioned Rome Lithium Project
  • Contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
  • Also contiguous to Jourdan Resources Vallee Lithium property which intersected values of up to 1.187% Li2O over 5.50m

Read Recent Release / Watch Recent Interview

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Pacific North West Capital Increases Private Placement to $1,500,000 $PFN.ca

Posted by AGORACOM-JC at 2:39 PM on Monday, June 13th, 2016

  • Announced that further to its news releases dated April 18, 2016 and May 4, 2016 the Company is increasing its previously announced placement from $750,000 to $1,500,000 by way of combined flow-through (“FT”) and non flow-through  units.
  • Company closed a 1st tranche of this financing raising $461,490

Vancouver, Canada / June 13, 2016 – Pacific North West Capital Corp. (“PFN” and the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF) announces that further to its news releases dated April 18, 2016 and May 4, 2016 the Company is increasing its previously announced placement from $750,000 to $1,500,000 by way of combined flow-through (“FT”) and non flow-through (“NFT”) units. The Company closed a 1st tranche of this financing raising $461,490.

Each FT unit will consist of one common share at a price of $0.065 per FT unit and one non flow-through non-transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.10 per share during the first year and $0.20 per share during the second year, for a period of two years from closing,

Each NFT unit will consist of one common share at a price of $0.055 per NFT unit and one non-transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.10 per share during the first year and $0.20 per share during the second year, for a period of two years from closing.

Finder’s fees may be paid in connection with the private placement.

The proceeds of the private placement will be used for the acquisition and exploration of Lithium projects in PFN’s newly formed subsidiary, Lithium Canada Inc., for funding advanced exploration on the company’s 100% owned River Valley PGM project near Sudbury, Ontario, one of the largest undeveloped primary PGM resources in Canada, and for general working capital.

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


Click Image To View Full Size

  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


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

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

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

  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 modelling of all drill and surface results
  • ??Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund of all exploration expenditures up to $300,000.
  • ??Strategic Partner Search for River Valley

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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FEATURE: VGambling (GMBL: OTCQB) Targeting Billions of Dollars Expected to be Wagered on eSports Competitions $GMBL

Posted by AGORACOM-JC at 11:49 AM on Monday, June 13th, 2016

Vgabmlinglarge_copy

Online Wagering Platform for the Future of Competitive Gaming

Why VGambling Inc?

“There is no other way to say it … VGambling represents one of the best potential mega winners I’ve seen in years.” George Tsiolis, AGORACOM Founder

“The Business of eSports Is Set To Explode…. Billions of dollars will soon be wagered on eSports competitions. Brands, consultants and investors are always looking for the next great opportunity and eSports appears to be an able applicant for the role.” Forbes Magazine, October 15, 2015

The 5 Things You Need To Know:

1. eSports – Over 130 million people from around the world tune in to watch teams of video game players compete with each other.

2. eSports Wagering – Wagering on eSports is projected to hit $23 BILLION by 2020.

3. VGambling is the next generation online gambling company that is built for the purpose of facilitating as much of this wagering as possible

4. VGambling is fully licensed, compliant and authorized to legally transact in eSports wagering.

5. VGambling has assembled a team of officers and board members with significant star power in the world of eSports and online gambling


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or progamming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

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Pacific North West Capital to Change its Name to NeWage Metals Inc. $PFN.ca

Posted by AGORACOM-JC at 9:06 AM on Thursday, June 9th, 2016

  • Mr. Harry Barr, Chairman and CEO noted that to better reflect the Company’s business plan and with the addition of a second “Green Metal Division” the Board of Directors of PFN have approved a name change of the Company, from Pacific North West Capital to “NewAge Metals Inc.”

No Share Consolidation -Share Structure to remain the same

June 9, 2016 / Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, or the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF) – Mr. Harry Barr, Chairman and CEO noted that to better reflect the Company’s business plan and with the addition of a second “Green Metal Division” the Board of Directors of PFN have approved a name change of the Company, from Pacific North West Capital to “NewAge Metals Inc.” The website NewAgeMetals.com is near completion. There will be no change to the corporate structure (ie: no share consolidation) and in the meantime the Company will continue to aggressively pursue its business plan. The name change will be subject to regulatory approval and is anticipated to be completed within 90 days.

In April 2016 the Company added a Lithium Division, Lithium Canada Development Inc. (LI Canada) to its’ Platinum Group Metal Division (PGMD). In the U.S., the Company is expanding and developing its lithium division; the Board believes NewAge Metals Inc. better reflects the Go Forward Plan for the Company. For additional corporate information please go to www.pfncapital.com and Opt in to be on the Company’s news dissemination list.

About The Company’s Lithium Division

The Company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the Company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.

Management believes that these new age metals, Lithium, PGM’s and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.

The 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, May 9th, 2016 and May 24th, 2016) The Company also has hard rock Lithium projects in Canada.

Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGM’s, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. In regards to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

About the Company’s Platinum Group Metals Division

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

  1. 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


Click Image To View Full Size

  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


Click Image To View Full Size


Click Image To View Full Size

  1. 8.Results for the 2015 discovery drill program on the T2 target are as follows:

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

-Possible new mineralized zone at the north end of the River Valley deposit

-Show potential to take the River Valley PGM Project in a new direction

-More drilling required


Click Image To View Full Size

  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 modelling of all drill and surface results

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

    -Strategic Partner Search for River Valley

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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Fairmont Closes Non-Brokered Private Placement $FMR.ca

Posted by AGORACOM-JC at 2:40 PM on Wednesday, June 8th, 2016

Logo

  • Closed its previously announced private placement  by issuing 8 million units  at a price of $0.06 per Unit for gross proceeds of $480,000.
  • Each Unit consists of one common share  and one half Share purchase warrant, with each full Warrant will entitle the holder to purchase one Share for a period of 12 months at an exercise price of $0.10 per Share

VANCOUVER, BRITISH COLUMBIA–(June 8, 2016) – Fairmont Resources Inc. (TSX VENTURE:FMR) (“Fairmont”) is pleased to announce it has closed its previously announced private placement (the “Private Placement”) by issuing 8 million units (the “Units”) at a price of $0.06 per Unit for gross proceeds of $480,000. Each Unit consists of one common share (a “Share”) and one half Share purchase warrant (a “Warrant”), with each full Warrant will entitle the holder to purchase one Share for a period of 12 months at an exercise price of $0.10 per Share (the “Warrant Term”).

Fairmont may accelerate the Warrant Term for the outstanding but unexercised Warrants such that the Warrant Term shall expire at 5:00PM Pacific Time on the day that is 30 calendar days after the date that Fairmont first issues the Acceleration Notice. In order to exercise the acceleration rights, (i) the average closing price must have been equal to or greater than $0.20 (subject to adjustment for forward or reverse stock splits, recapitalizations, stock dividends or other changes to Fairmont’s corporate or capital structure) for 10 consecutive Trading Days (the “10 Day Period”) prior to the date that Fairmont exercises the acceleration rights; and (ii) Fairmont must issue a news release announcing its intention to exercise the acceleration rights (the “Acceleration Notice”) within 5 business days after the end of the particular 10 Day Period relied upon by Fairmont in (i).

The securities issued under the Private Placement will be subject to a hold period expiring on October 9, 2016.

Due to strong investor demand, the Company was able to close its Private Placement quickly with 39 placees.

Under the Private Placement, Fairmont paid finder’s fees totaling $18,144 and issued 302,400 share purchase warrants. The finder’s share purchase warrants are on the same terms as the Warrants.

Proceeds of the private placement financing will be used for exploration work on Fairmont’s mineral properties, acquisitions and general working capital purposes.

About Fairmont

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

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.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
647-477-2382
[email protected]
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
250-377-1182
[email protected]
www.smallcaps.ca

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