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Harry Barr Makes Another Strong Lithium Move $PFN.ca

Posted by AGORACOM-JC at 10:18 AM on Monday, April 25th, 2016

Pacific North West Capital Acquires 100% of a Strategic Lithium Brine Project in Clayton Valley, Nevada

  • -Option to acquire 100% of a Strategic Lithium Project
  • Project is situated in the Clayton Valley area of Nevada
  • Clayton Valley hosts North America’s largest Lithium Carbonate production operations derived from Lithium Brines
  • Objective to develop an economic Lithium Brine Project
  • Due diligence under way/exploration planning in progress
  • The company has a well-diversified project portfolio of Platinum Group Metals and Lithium Projects (GREEN METALS in Canada and at the U.S.A.)
  • The company’s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada ( http://pfncapital.com/s/Home.asp)

-The company’s 100% owned River Valley PGM resources is one of the largest undeveloped primary PGM resources in Canada ( http://pfncapital.com/s/Home.asp)

April 25th, 2016 Vancouver, Canada / Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that is has acquired, through option, a lithium brine project in Clayton Valley, Esmeralda County, Nevada.

The company is near completion of its due diligence period with regard to the agreement. Ongoing forward plans for the project will be released after the due diligence period is complete. Announcements concerning the technical aspects of the project and the terms and conditions of the agreement will be forthcoming. Once the due diligence is completed, the project location and technical overview of the project in the Clayton Valley area of Nevada will be explained.

Management previously announced (April 6th, 2016, April 14th, 2016, April 21st, 2016) that PFN is developing a Lithium and Rare Earth Division. The Company’s management team has added an additional “green metal, GM” to its existing Platinum group metals (PGM’s) division. 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.

Nevada the Lithium Hub

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 labor. 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 company’s new project is also 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.

The company is planning a detailed exploration program on its Clayton Valley lithium project for upcoming exploration season.

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.

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.

The recent addition of the “Lithium One Project” in southeastern Manitoba (PFN April 24th, 2016 news release) has given the company a strategic opportunity for hard rock Lithium mineralization in Canada. The project 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.

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

For further information, please see the press releases dated Apr 6th, 2016, April 14th, 2016, April 24th by visiting PFN’s website at www.pfncapital.com, or email us at [email protected]

On behalf of Management and the Board of Directors, I wish to thank our shareholders for their patience and continued support over the last 5 years as we look forward to a strong recovery in the Junior Mining industry.

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 PFN. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

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

Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9

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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Durango Closes Purchase of Dianna Lake Silver Prospect, Host to Past Grab Samples as High as 2,480 Oz/ton Silver $DGO.ca

Posted by AGORACOM-JC at 1:11 PM on Thursday, April 21st, 2016

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  • Announced further to its news of March 22, 2016, the Company has closed the purchase of its 100% interest in the Saskatchewan ground known as the Dianna Lake Silver Prospect by payment of $150,000
  • The Dianna Lake silver project consists of 131 hectares located 17 kilometres northwest of Uranium City, Saskatchewan
  • Host to Past Grab Samples as High as 2,480 Oz/ton Silver

Vancouver, BC / April 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces further to its news of March 22, 2016, the Company has closed the purchase of its 100% interest in the Saskatchewan ground known as the Dianna Lake Silver Prospect by payment of $150,000.

The Dianna Lake silver project consists of 131 hectares located 17 kilometres northwest of Uranium City, Saskatchewan.

It was reported this week on April 20, 2016 in the Financial Times article, “Silver surges to best performing commodity” by Henry Sanderson, “An explosive two-week rally has made silver one of the best performing commodities this year, fueled by a surge in interest from hedge funds.”

Marcy Kiesman, CEO stated “The Financial Times article referenced above outlines the Silver commodity price surge in recent weeks and the Dianna Lake Silver Prospect was drilled prior to the recent 2011 silver price highs, therefore it is a relatively new prospect being introduced to silver players worldwide. An exploration program will be announced in the coming months and, pending adequate funding, is currently planned to include drill hole testing. Having the opportunity to re-initiate exploration on a silver prospect that has not been explored in the past fifteen years is an exciting opportunity as Durango positions for discovery.”

About the Dianna Lake Silver Prospect

Durango’s Dianna Lake Silver Prospect covers a historic area in which, from 1968 to 1969, two high-grade, primarily native silver-bearing exploration targets of between 30,000 and 50,000 tonnes grading five to 10 ounces per ton silver, approximately 600 metres apart, were determined by trench grab sample assays, according to a historic evaluation report composed for Comaplex Resources in 1980(1) *.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Additionally, the main silver-bearing zone is spatially associated with a large zone of low-grade, disseminated copper-silver mineralization in which “drilling of two IP anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton Ag and 0.4 per cent Cu” (undefined category historic resource estimate), according to the same report (1) **.

** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the issuer is not treating the historical estimate as current mineral resources or reserves. Further work must be carried out to verify all historic information before a resource estimate is possible.

Fourteen additional induced polarization anomalies in the historic exploration area surrounding Dianna Lake and the nearby Doug Lake remain yet undrilled, according to the Comaplex Resources report (1), four of which occur within the property boundary of Durango’s Dianna Lake silver project.

Previous work on the claims was reported in 1969, 1980 and 1998 and included diamond drill holes, trenches, and pits primarily across two zones where mineralization was identified at or near surface. One zone was reported to have five trenches exposing Ag-Cu mineralization over approximately 80 metres. Historic grab samples from Pit 1 of this zone included ounce-per-ton silver values of 2,458.4, 684.4, 647.4, 600.2, 464.2, and 454.8 ounces per ton Ag. Out of 18 grab samples, 13 samples assayed between 185.0 and 2,458.4 ounces per ton. Pit 2 grab samples returned reported highs of 298.0 and 197.0 ounce per ton Ag (out of seven samples ranging from 12.2 to 298.0 ounces per ton Ag) (1). (The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.)

The technical contents of this release were approved by Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.

References

(1) “Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.” E.G. Kennedy, PEng, 1980.

About Durango Resources Inc.

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 the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, 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 website and 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 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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Pacific North West Capital Acquires Lithium One Project In Southeast Manitoba $PFN.ca

Posted by AGORACOM-JC at 10:43 AM on Thursday, April 21st, 2016

  • Option to acquire 100% of a strategic lithium project
  • Claims situated 8.5 km SE of the Tanco Mine Site
  • 40 historical surface pegmatites, many lithium bearing
  • Objective to develop an economic lithium hard rock project
  • Exploration planning in progress

April 21st 2016 / Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQX: PAWEF announces that is has acquired, through option, claims in southeast Manitoba with historical pegmatite lithium mineralization and assays from spodumene returning values of 2.90 to 8.20% Li2O (from Manitoba Inventory File No 190). The historic assays have not been confirmed in the field. These claims will be a part of the company’s Lithium One Project.

Management previously announced (April 14th, 2016) that PFN is developing a Lithium and Rare Earth Division. The Company’s management believes that adding an additional “green metal” to its existing Platinum group metals (PGM’s) division is warranted. 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 option on the Lithium One Project was acquired from Cliff Allbutt of Winnipeg, Manitoba, the optionor. The project area is part of the Winnipeg River Pegmatite Field. This pegmatite field is host to the world-class Tanco Mine, which has been one of the world’s richest mines for tantalum, cesium and spodumene (a major source of lithium). The mine began operations in 1969 and is still producing today.

PFN has a two year option to purchase 100% interest in the 11 unpatented contiguous mining claims. The claim area is 2,272 hectares (5,614 acres) and is situated 8.5 kilometres southeast of the Tanco Mine Site. Management believes that from the historic work on the surface pegmatites and the reported assays from that time period, that there is economic potential for further lithium (Li) mineralization.

The Lithium One Project is located approximately 125 kilometres northeast of Winnipeg, Manitoba. Historically the area is known for the presence of over 40 surface pegmatites of various dimensions and compositions. Past exploration in the region has focused on the lithium, beryllium and tantalum potential of the pegmatites. Bulk samples were removed from the pegmatites in the 1930’s but no large scale mining was undertaken due changes in the market conditions and commodity prices after the war. Lithium minerals were previously considered for the medical and ceramic industry, however in recent years lithium has seen an increased usage in the “green energy sector”. There has been limited recent exploration in the region.

Management’s technical team is presently planning a 2016 exploration program for the Lithium One Project.

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.

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;
  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:


Click Image To View Full Size

– 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

  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

For further information, please see the press releases dated Apr 14, 2016, April 6, 2016, visit PFN’s website at www.pfncapital.com, or email us at [email protected]

On behalf of Management and the Board of Directors, I wish to thank you for your patience and continued support over the last 5 years and we look forward to a strong comeback and rotation of funding back into the Junior Mining industry.

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 PFN. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045

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

Suite 101 – 2148 West 38th Ave., Vancouver, BC, V6M 1R9

On behalf of the Board of Directors

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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Analysts Expecting Higher Palladium Prices in 2016 $PFN.ca

Posted by AGORACOM-JC at 10:25 AM on Thursday, April 21st, 2016

Now that Q1 is over, it seems that analysts are a little more positive about palladium prices.

nickel price today palladium prices

Investors following the palladium market will be glad to know that there are some positive sentiments in regards to palladium prices. Palladium– despite having dipped in early April – is trading at about 0.4 percent higher than in March, with an April 15 price of $568 per troy ounce.

While the gain is nominal, it does bring with it a degree of encouragement that palladium prices will be on their way up in the short term. Prices are still 25 percent lower than in 2015, but year to date the metal has seen a 2.3 percent increase in an environment governed by weak economic data.

That said, FocusEconomics expects to see palladium prices improving in the coming quarters.

In a recent sector update, FocusEconomics highlights that March car sales in the US – a significant driver of palladium prices as palladium’s primary use is in catalytic converters – came in below expectations. While this would typically be a large strike against palladium prices increasing, a weaker US dollar urged the metal on.

“Prices are expected to rise slowly in the coming quarters. Improvements in the global economy and a supply deficit should propel steady gains.” The firm’s Consensus Forecast project shows that analysts are of the mind that palladium prices will average US$626 per troy ounce in Q4 2016. Furthermore, the consensus is that prices will rise to an average of $724 in Q4 2017.

For the most part, the analysts surveyed in the consensus “see the price of palladium rising by Q4 2016.” The disconnect, however, remains on the extent of the recovery. “For Q4 2016, the maximum price forecast is USD 698 per troy ounce, while the minimum is projected to be USD 550 per troy ounce.” the report notes.

Palladium price forecasts

Delving deeper into the outlook for palladium prices, investors in the metal might be interested to know what some of the top minds in the sector are anticipating in terms of price activity for the next quarter and end of year. Here’s a sample:

  • ABN AMRO: expects to see a Q2 2016 palladium price of $592. Meanwhile, at year end the firm expects to see prices increase to $650
  • ANZ: expects to see a Q2 2016 price slightly lower at $525. Still more modestly, the firm’s Q4 2016 price will be holding on to a continued $550.
  • BMO Capital Markets: more optimistic than ANZ, BMO sees prices for the second quarter to be averaging $575. Meanwhile, year end the firm hopes to see $600 per troy ounce.
  • JP Morgan: likely the most optimistic estimate included on the FocusEconomics report, JPM is expecting a $675 per troy ounce in Q2 prices. While the firm sees prices reaching $700 in Q3, its Q4 expectation is slightly lower at $692.

With current palladium prices at $583.75, it will be interesting to see which firms are on the mark and which have missed it.

Don’t forget to follow us @INN_Resource for real-time news updates.

Source: http://investingnews.com/daily/resource-investing/precious-metals-investing/palladium-investing/palladium-prices-2016-analyst-predictions/?mqsc=E3833309&utm_source=WhatCountsEmail&utm_medium=INN_FullList+Palladium%20Investing+Palladium%20Investing&utm_campaign=Palladium%20Investing

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American Creek Resources Receives Approval for Treaty Creek NSR Buydown $AMK Creek Resources Receives Approval for Treaty Creek NSR Buydown

Posted by AGORACOM-JC at 9:07 AM on Thursday, April 21st, 2016

  • TSX Venture Exchange has approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016.
  • The deemed price of the 15,000,000 common shares that will be issued under the agreement is $0.05 per common share.

CARDSTON, ALBERTA–(April 21, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) reports that the TSX Venture Exchange has approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. The deemed price of the 15,000,000 common shares that will be issued under the agreement is $0.05 per common share.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

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Durango Secures Additional Claims Hosting Pegmatites Near Whabouchi And Announces Exercise Of Warrants $DGO

Posted by AGORACOM-JC at 8:29 AM on Wednesday, April 20th, 2016

Logo

  • Secured the two claim blocks located to the northwest and southeast of Nemaska Lithium’s Whabouchi Project in Quebec.
  • Montagne North property is located to the northwest and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) Whabouchi Property and the Lac Noir property is located to the southeast of Nemaska Lithium’s Whabouchi Property
  • Both of the properties were purchased by Durango based on the pegmatites mapped by the Theberge report as discovered by Nemaska Lithium Corp

Vancouver, BC / April 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces further to the news of April 14, 2016, that it has secured the two claim blocks located to the northwest and southeast of Nemaska Lithium’s Whabouchi Project in Quebec.

The Montagne North property is located to the northwest and is contiguous with Nemaska Lithium Corp.’s (TSX.V-NMX) Whabouchi Property and the Lac Noir property is located to the southeast of Nemaska Lithium’s Whabouchi Property.

Both of the properties were purchased by Durango based on the pegmatites mapped by the Theberge report as discovered by Nemaska Lithium Corp. in 2011 and will be 100% owned by Durango upon payment of $50,000 to an arm’s length vendor. Durango now holds over 2,100 hectares in the regional pegmatite belt.

Durango is now in final discussions regarding the joint ventures as previously announced on January 29, 2016 and February 18, 2016 in relation to the Buckshot graphite property and NMX East lithium property. A full update will be provided as soon as it becomes available on the joint ventures.

Additionally, Durango is pleased to announce that over the past week, warrant holders have exercised over 3.25 million warrants (“Warrants”) for aggregate proceeds of over $325,000. Each Warrant was exercised for one common share at an exercise price of $0.10 per Warrant.

Marcy Kiesman, CEO of Durango comments, “We are pleased to have secured the strategic claims with pegmatites near the Whabouchi project in Quebec. The warrant exercises have strengthened our financial position and will enable management to plan a sampling program on our newly acquired properties to determine whether the mapped pegmatites host lithium. We look forward to an exciting year ahead and will work diligently to provide value to our shareholders.”

About Durango Resources Inc.

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 the NMX East, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, 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 website and 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 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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Uragold Technical Partner Pyrogenesis Announces Purevap(tm) Process Breakthrough $UBR

Posted by AGORACOM-JC at 10:14 AM on Tuesday, April 19th, 2016

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  • Early test results of PUREVAPTM process has demonstrated that it can transform high purity quartz into silicon metal
  • Bernard Tourillon, Chairman and CEO of Uragold stated “Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29. To say that we are extremely happy with this breakthrough so early in the program is an understatement.
  • The dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings, are still ongoing. Having validated that the process works, the program continues to its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

Montreal, Quebec, Canada / April 19 2016 – Uragold (TSX Venture: UBR) is pleased to report that PyroGenesis Canada Inc. (“PyroGenesis”), a clean-Tech company that designs, develops, manufactures and commercializes plasma waste-to-energy systems, plasma torch products and the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAPTM“), from whom Uragold has been granted the worldwide exclusive rights for the One Step Production of Solar Grade Purity Silicon Metal from Quartz, announced today that early test results of their PUREVAPTM process has demonstrated that it can transform high purity quartz into silicon metal.

In their press release, Pierre Carabin, Director of Engineering of PyroGenesis stated “We are very pleased by these early results,” and then further stated “Our ability to demonstrate that our process can produce metal at such an early stage is encouraging and is the first step towards the Company’s objective to produce a silicon product of solar grade purity.”

As previously noted, PUREVAPTM is a proprietary process that uses a plasma arc within a vacuum furnace to produce high purity, metallurgical grade silicon (MG-Si), solar grade silicon (UMG Si) and polysilicon from quartz in just one step.

Bernard Tourillon, Chairman and CEO of Uragold stated “Today’s press release from PyroGenesis is another significant step in the dynamic testing process that commenced on March 29. To say that we are extremely happy with this breakthrough so early in the program is an understatement. We are especially encouraged about the following statement made by PyroGenesis CEO, P. Peter Pascali in his press release – ‘We look forward to the final results of our testing program and advancing to the pilot stage with Uragold.’

NEXT STEPS

The dynamic test protocols, which called for a first series of metallurgical tests to be completed at different operational settings, are still ongoing. Having validated that the process works, the program continues to its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

The High Purity Silicon Metal produced by the reactor during this second stage will be sent to an independent laboratory for ICP – MS “Mass Spectrometry” analysis for final validation.

Today’s news from PyroGenesis is in step with previously disclosed theoretical modeling of the process, that indicate that transforming Uragold Raw Quartz into High Purity Silicon metals for solar application is within reach.

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

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

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

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

The Science Behind PyroGenesis PUREVAP(TM) QVR Process Is Solid:

  • -Plasma arc based process can and has transformed High Purity Quartz into Mg Si.-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.

    -Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

A Green And Clean Company

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

High Purity Quartz Properties

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

About Our Beauce Gold Project – Preparing To Be Spun Out To Unlock Value

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 37 claims 100% owned by Uragold Bay Resources, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

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

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

For further information contact

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

Or

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

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Durango Whitney Northwest Claims Host To Gold Bearing Till Samples $DGO

Posted by AGORACOM-JC at 12:05 PM on Friday, April 15th, 2016

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  • Whitney Northwest Gold Project, located approximately 3.5 kilometres northwest of Tahoe Resources (T-THO and NYSE-TAHO) Bell Creek Mine and 10 kilometres northeast of the City of Timmins, Ontario
  • Works included geophysical surveys, consisting of VLF-EM and electromagnetic (EM), 4 diamond drill holes, and 37 reverse circulation holes totaling 2,950 feet (899 metres) drilled across the historic Moneta ground (34 of which were collared within Durango’s claim boundary)

Vancouver, BC / April 15, 2016 – Durango Resources Inc. (the “Company” or “Durango”) is pleased to announce additional information on its 100% owned Whitney Northwest Gold Project, located approximately 3.5 kilometres northwest of Tahoe Resources (T-THO and NYSE-TAHO) Bell Creek Mine and 10 kilometres northeast of the City of Timmins, Ontario.

The Whitney Northwest Project was previously worked by Moneta Porcupine Mines Ltd between 1987 and 1990, with several reports detailing the work carried out by the company filed with the Ontario Assessment File Database (“AFRI”). The works included geophysical surveys, consisting of VLF-EM and electromagnetic (EM), 4 diamond drill holes, and 37 reverse circulation holes totaling 2,950 feet (899 metres) drilled across the historic Moneta ground (34 of which were collared within Durango’s claim boundary). (1) (2) (3) *

VLF-EM and electromagnetic surveys were carried out in 1987, across the historical property area and covering the entirety of the Whitney Northwest property. The surveys identified 7 anomalous zones, 5 of which occur within Durango’s property, and were suspected to be graphitic in nature and/or related to conductive fault zones of several events (1). In addition, “two northwest-trending fault zones are suspected on the Base Line at 40+00 East and 76+00 East … [displacing two conductors] by several hundred feet”. (1) The same report goes on to state that the geophysical surveys may have located the possible extension of the Burrows-Benedict Fault zone. (1) *

The reverse circulation (RC) drilling campaign carried out in 1989 targeted sampling within till and sediment, with additional sampling in bedrock at the terminus of each hole which penetrated an average of 1.5 metres into bedrock. The best three samples assayed 15,000 ppb, 2,400 ppb, and 2,300 ppb Au from till in holes MGM-87-22, -24 and -09 respectively. These samples were also selectively subjected to gold grain analysis in which abraded grains and flakes were identified in hole MGM-87-09 and -24, and abraded grains were observed in hole MGM-87-22. A total of 30 samples in 21 of the 34 RC holes drilled on the Whitney Northwest Property yielded gold values exceeding 100 ppb, with an average of 970 ppb and a median of 255 ppb, all within till and sediment. Bedrock samples did not yield significant gold grades. (3) *

Diamond drilling was carried out in 1987 and 1990 for Moneta Porcupine Mines Inc. Of the four holes drilled on the Whitney Northwest property, Hole MT-90-04 intersected a graphitic, brecciated shear zone of approximately 15 metres apparent thickness and was not sampled for gold mineralization. (2) *

* The reader is cautioned that assays and data cited above are historical in nature and recently acquired. Sampling, analytical and test data underlying the information and opinions contained in the written disclosure have not yet been verified by a qualified person. Further work must be carried out in order to verify the information contained in the historic reports.

President and Director of Durango, Marcy Kiesman, stated, “We are pleased with the results of the past work completed on the Whitney NW property which now gives Durango a solid starting point for future exploration. In light of the results, we have prioritized following up on potential fault zones on the property as indicated by the previous drilling and geophysics.”

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101 and a vendor of the property. The property has not yet been the subject of a National Instrument 43-101 report.

References:

  1. (1)”Magnetic and Electromagnetic Surveys for Moneta Porcupine Mines Incorporated on the Murphy Township Project, Little Goose Lake” K. A. Jensen, Consulting Geologist/Geophysicist., AFRI Report 42A11SE0514, April 1987.
  2. (2)”Diamond Drilling” Moneta Porcupine Mines Inc., AFRI Report 42A11SE0506, April 1987.
  3. (3)”Report on Reverse Circulation Overburden, MGM-87 Project – Goose Lake Claims, Murphy Twp, Timmins Ont” F.P Yungwirth, Moneta Porcupine Mines Inc. AFRI Report 42A11SE0509, April 1989.

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 the NMX East lithium property near the Whabouchi mine in Quebec, 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 timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

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

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American Creek Resources Expands the D1-McBride Property in Northern British Columbia $AMK

Posted by AGORACOM-JC at 9:08 AM on Friday, April 15th, 2016

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  • Significantly expanded its D1-McBride property located in northern British Columbia
  • New claim block encompasses an area of approximately 580 hectares immediately adjacent to and surrounding the Corporation’s original 34 hectare D1-McBride property

CARDSTON, ALBERTA–(April 15, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“the Corporation”) is pleased to report that it has significantly expanded its D1-McBride property located in northern British Columbia.

The new claim block encompasses an area of approximately 580 hectares immediately adjacent to and surrounding the Corporation’s original 34 hectare D1-McBride property. The Corporation holds a 100% interest in the property as it was acquired through staking.

The D1-McBride property is located in the Liard Mining Division, about 64 km southeast of Dease Lake. According to BC MINFILE No 104-093, the property is host to a galena and gold bearing quartz/calcite vein system. According to Assessment Report 35096, work on the property in 2014 included limited rock sampling of a vein subcrop from the Discovery Showing which returned high grade assays of 43.1 g/t gold, 240 g/t silver, 1.8% lead and 1.98% zinc and 13.1 g/t gold, 16 g/t silver, 2.32% lead and 3.02 zinc. Previous sampling of veins returned assays of 161.32 g/t gold, 1,110.9 g/t silver, 3.17% lead and 2.1% zinc across 10 centimeters and 115.89 g/t gold, 589.72 g/t silver, 12.3% lead and 11.04 oz/t zinc across 25 centimeters (Assessment Report 14004). The vein strikes 030 degrees with a vertical dip and has been traced, through prospecting and trenching, for 30 meters on surface. The overburden-covered lineament in which the vein occurs can be traced for 300 meters (MINFILE N0 104-093).

The additional claims expand the property to cover the projected trace of the exposed veining system and also contain the fault system believed to be related to the mineralization. Limited past exploration has taken place on the property.

This most recent expansion is part of the Corporation’s ongoing strategy of adding shareholder value by increasing its gold and silver property portfolio while mineral property prices are at depressed levels in anticipation of a precious metals market recovery. This strategy started with the acquisition of the original D1-McBride property along with the Gold Hill property.

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.

American Creek Resources Ltd.
Kelvin Burton
403 752-4040
[email protected]
www.americancreek.com

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Durango Adds Additional Pegmatite Ground And Negotiates On Additional Ground Adjacent To Nemaska’s Whabouchi Property $DGO

Posted by AGORACOM-JC at 9:30 AM on Thursday, April 14th, 2016

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  • Announced that it is negotiating on two additional parcels of potential lithium ground located near the Whabouchi property in northern Quebec
  • First package is adjacent to the northwest boundary of Nemaska Lithium Corp. (TSX.V-NMX) Whabouchi property,
  • Second is located to the southeast of Nemaska Lithium and south of Durango’s existing NMX East ground.

Vancouver, BC / April 14, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it is negotiating on two additional parcels of potential lithium ground located near the Whabouchi property in northern Quebec. The first package is adjacent to the northwest boundary of Nemaska Lithium Corp. (TSX.V-NMX) Whabouchi property, and the second is located to the southeast of Nemaska Lithium and south of Durango’s existing NMX East ground.

Durango has also staked 320 hectares south of its original NMX East ground which previously belonged to Tucana Lithium Corp. The staked area encompasses a pegmatite intrusion measuring approximately 3 kilometres long at surface and trending to the northeast, according to Quebec regional geologic mapping (2).

President Marcy Kiesman stated, “We are pleased to cover as much of the historically mapped pegmatites as possible in the region as they provide Durango with excellent targets for the upcoming pegmatite sampling and VLF survey which will enable us to pinpoint the extent of the pegmatites and establish drilling targets.”

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

References

  1. (1)Theberge, D. (2011). NI 43-101 Technical Report Pertaining to the Abigail Property, Nemiscau Area, Northern Quebec, Canada, prepared for Tucana Lithium Corp.
  2. (2)SIGEOM WMS (2016). “50k Regional Geology” layer.

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 the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, 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 timing of mineral resource estimates, 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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