#smallcapstocks « AGORACOM Small-cap Investor Relations Blog

Posts Tagged ‘#smallcapstocks’

Avalon Announces Conceptual Economic Study Confirming Potential for Redevelopment of the East Kemptville Tin Deposit, Yarmouth Co., Nova Scotia

Posted by AGORACOM-JC at 10:33 AM on Wednesday, February 25th, 2015

TORONTO, Feb. 25, 2015 — Avalon Rare Metals Inc. (TSX:AVL) (NYSE MKT:AVL) (“Avalon” or the “Company”) is pleased to announce the completion of a Conceptual Redevelopment Study, including preliminary economics (the “Study”) on the East Kemptville Tin Deposit (the “Deposit”). The Study was prepared by Hains Engineering Company Limited (“Hains”) and is the first economic study of the Deposit since the original East Kemptville mine closed in 1992. The purpose of the study was to confirm the business case for re-development of the Deposit before securing the necessary approvals to proceed with physical work at the site. The results of the Study indicate that there is potential for attractive economics under the development model proposed by Hains. The Study is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary economics indicated in the Study will be realized.

The proposed development model assumes conventional open pit mining at a production rate of 10,000 tonnes per day, similar to the original mine at the site with conventional truck and shovel operation. Hains recommends that a new operation take advantage of recent innovation in metallurgical recovery technology for tin ores that can achieve improved recoveries for tin as well as by-product copper and zinc. In addition, Hains recommends building a tin refinery at the site that will process the tin mineral concentrate, to produce tin ingots as a final saleable tin product. This strategy offers the potential benefits of creating value-added in Nova Scotia, reducing the risks associated with using third party processors and enhancing the overall economics of the operation. Hains estimates that the operation would create approximately 187 new full-time jobs.

Hains estimates that the proposed mining, milling and refining development model at a designed mill throughput rate of 10,000 tonnes per day would require a capital investment in the order of CDN$200 million. Operating costs (including tin refining) were estimated at CDN$15/tonne of ore mined or CDN$53 million on an annual basis. Using long term metal price assumptions of US$23,500 per tonne for tin, US$1.00/lb for zinc and US$3.00/lb for copper, average annual revenues in the order of CDN$107 million are estimated (assuming an exchange rate of CDN$1=US$0.85). Approximately 85% of the revenues in the model are derived from tin ingot sales totaling 3,350 tonnes per annum, representing just 1% of the global market. Although indium is known to occur in the deposit in association with the zinc mineralization, no credits for indium were applied in the model due to insufficient indium analytical data in the resource model. Copper concentrate sales include credits for minor contained silver and gold based on comparable assays on historic production.

Don Bubar, President and CEO stated, “We are pleased to have confirmed from this Conceptual Redevelopment Study that there is a strong business case to be made for re-developing the East Kemptville mine site. The opportunity is made more attractive by the excellent infrastructure present in southwestern Nova Scotia including year round road access, deep water port within 60 kilometres, existing power line to the site, nearby communities with available skilled labour and government supportive of new investment in mineral development. With the Study in hand we see an opportunity for Nova Scotia to re-emerge as the Tin Capital of North America.”

The development model developed for this conceptual study is based on the initial National Instrument 43-101 mineral resource estimate produced by Hains in October, 2014 and disclosed in the Company’s news release dated October 31, 2014. A Whittle Pit optimization analysis was completed for this Study based on the current resource estimate and net smelter return values estimated by Hains. The Whittle Pit optimization indicated the optimum pit contained 49.3 million tonnes of mineral resources (which includes resources classified both as Indicated and Inferred) within the pit at average diluted grades of 0.113% tin. 0.131% zinc and 0.053% copper, including 5.87 million tonnes of low grade stockpile material. Total waste rock was estimated as 43.4 million tonnes, for a Life-of-Mine stripping ratio of 0.88.

Based on the results of the Whittle analysis, a preliminary pit schedule was developed, which calls for mining 3.5 million tonnes mill feed per year, or 10,000 tonnes per day, yielding a 14 year mine life with an overall mining extraction of 95% and 5% mining dilution. Note that no work has yet been undertaken to optimize production parameters in the context of the current tin market. Further, the Whittle block model contains mineral resources classified both as indicated mineral resources and inferred mineral resources under CIM mineral resource reporting standards. Further definition drilling will be required before these mineral resources can be incorporated into a mining reserve and relied upon in an economic analysis for feasibility study purposes. Metal recoveries, based on very preliminary test work, are estimated at 87% for tin, 85% for zinc and 75% for copper.

Mineral Tenure Status

The Company holds mineral rights at East Kemptville through a “Special Licence”, a form of mineral tenure granted by the Province of Nova Scotia in circumstances where there is a history of previous industrial land use activity (such as mining) in the area of interest. It does not immediately convey surface land rights and, accordingly, access must be arranged with the permission of surface rights holders which was done in 2014. Ultimately, with completion of a feasibility study and related environmental assessment work, a form of mining lease is obtainable from the government to secure the requisite surface land rights.

The Company first acquired a Special Licence at East Kemptville in 2005 and it has been subsequently renewed multiple times while the Company negotiated access to the site. In September 2014, the Company submitted an application for a new Special Licence reflecting the entire original mine site. This application is presently being processed by the Government of Nova Scotia. Like the previous Special Licences obtained by the Company, the new Special Licence requires approval by an Order in Council of Government of Nova Scotia, which typically takes several months to receive. Final approval of the current application is still pending, following which surface work at the site will resume.

In addition to the Special Licence, the Company holds 183 mineral claims totalling 2,962 hectares to the northeast and southwest of the East Kemptville property, covering over 10 kilometres of strike length along the geological trend of the East Kemptville tin deposit. Since 2005, the Company has incurred over CDN$2.1 million in exploration expenditures on these claims and the Special Licences.

Future Plans

Once the new Special Licence is in place, the Company plans to proceed with an initial CDN$1.2 million work program utilizing funding secured in the Company’s private placement completed in December, 2014. This work will include:

1. Preliminary metallurgical process testwork on the flowsheet proposed by Hains to confirm recoveries and costs to at least the level of confidence required for a preliminary economic assessment.

2. Diamond drilling to better define known resources and delineate additional resources to depth and on other known tin occurrences in the area.

3. Environmental studies to examine the nature of the waste rock generated in any proposed mine, as well as the conditions required for bringing the existing operation into readiness for future production.

The Company is planning an extensive in-fill drilling program with the objective of moving inferred mineral resources into the indicated and measured categories. Requests for bids from drilling contractors have been sent out to conduct a minimum 2,000 metre drilling program this spring.

Bench scale metallurgical testing, using sample material collected during the 2014 drill program, is presently being initiated in order to verify metallurgical recoveries, concentrate grades and evaluate ore variability. This will lead eventually to larger scale pilot plant testing using representative bulk samples collected from future drilling and existing ore stockpiles at the site.

Environmental studies planned will also include more work on future closure requirements and baseline studies such as species at risk surveys and studies on effluent chemistry requirements.

Qualified Persons

The Study was prepared by Don Hains, P. Geo, with contributions from the following independent consultants and “Qualified Persons” for the purposes of National Instrument 43-101, who have reviewed and approved this release.

Qualified Person	Consulting Firm	Contribution
Don Hains, P. Geo	Hains Engineering	Mining and Mineral Reserves, Process, Infrastructure, Capital & Operating Costs
Bruce Brady, P. Eng.	Associate of Hains Engineering	Mine Capital & Operating Costs
Ross MacFarlane, P. Eng	Associate of Hains Engineering	Metallurgical analysis, Process Capital and Operating costs

The information contained in this document relating to the proposed work program has been reviewed and approved by Donald Bubar, P. Geo. (ONT), CEO and President of Avalon, a qualified person for the purposes of National Instrument 43-101.

Results of 2015 Annual General Meeting

At the Annual General Meeting of shareholders held in Toronto, Ontario on February 24, 2015 (the “Meeting”), all director nominees listed in the Company’s management information circular dated January 12, 2015 were elected as directors of the Company. The detailed results of the vote are as follows:

Director		Number of Votes Cast	Percentage of Votes Cast

Donald S. Bubar	In Favour:	21,699,297	96.95%
	Withheld:	682,498	3.05%

Alan Ferry	In Favour:	21,293,109	95.14%
	Withheld:	1,088,686	4.86%

Phil Fontaine	In Favour:	21,694,255	96,93%
	Withheld:	687,540	3.07%

Brian D. MacEachen	In Favour:	21,685,072	96.89%
	Withheld:	696.723	3.11%

Peter McCarter	In Favour:	21,693,567	96,93%
	Withheld:	688,228	3.07%

Kenneth G. Thomas	In Favour:	21,704,747	96.98%
	Withheld:	677,048	3.02%

In addition, at the Meeting shareholders appointed Deloitte LLP as auditors of the Company, and approved all unallocated options under the Company’s stock option plan. The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

About Avalon Rare Metals Inc.

Avalon Rare Metals Inc. is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce “heavy” rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

For questions and feedback, please e-mail the Company at [email protected], or phone Don Bubar, President & CEO at 416-364-4938.

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, the potential for re-development of the East Kemptville Tin deposit, the potential for attractive economics under the development model proposed by Hains, the key measures and economics reported in the Study, the strategy of a tin refinery offers the potential benefits of creating value-added in Nova Scotia, reducing the risks associated with using third party processors and enhancing the overall economics of the operation, that surface work at the site will resume once a new Special Licence is received, that the Company plans to proceed with an initial $1.2 million work program, that the Company is planning an extensive in-fill drilling program with the objective of bringing inferred mineral resources into the indicated and measured resource categories, that bench scale metallurgical testing will lead eventually to larger scale pilot plant testing using representative bulk samples collected from future drilling and existing ore stockpiles at the site, that environmental studies planned will also include more work on future closure requirements and baseline studies such as species at risk surveys and studies on effluent chemistry requirements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, Avalon’s ability to secure sufficient financing to advance and complete the project, uncertainties associated with securing the necessary approvals and permits in a timely manner, assumptions used in the Study proving to be inaccurate, uncertainties associated with Avalon’s resource and reserve estimates, uncertainties regarding global supply and demand for tin and market and sales prices, and uncertainties with respect to social, community and environmental impacts as well as those risk factors set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

Cautionary Note to United States Investors Concerning Reserve and Resource Estimates

The reserve and resource estimates in this news release have been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. Unless otherwise indicated, all reserve and resource estimates included in this news release have been prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource information contained in this news release may not be comparable to similar information disclosed by United States companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserve”. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by United States standards in documents filed with the SEC. United States investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” exists, is economically or legally mineable, or will ever be upgraded to a higher category. Under Canadian rules, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of the amount of minerals contained in a resource estimate is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of “reserves” are also not the same as those of the SEC, and reserves reported by Avalon in compliance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with United States standards.

Tags: #mining, #smallcapstocks, $TSXV, heavy rare earth elements, HREE, Rare Earth Elements, REE
Posted in Avalon Rare Metals Inc. | Comments Off on Avalon Announces Conceptual Economic Study Confirming Potential for Redevelopment of the East Kemptville Tin Deposit, Yarmouth Co., Nova Scotia

Uragold Commences 3D Modeling Of Golden Hope’s Bellechasse-Timmins Gold Deposit

Posted by AGORACOM-JC at 9:39 AM on Wednesday, February 25th, 2015

Montreal, Quebec / February 25 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to provide its shareholders and stakeholders an update regarding its ongoing work program on its option with Golden Hope on the Bellechase-Timminnins (“BT”) gold deposit, located near Saint-Magloire in the Beauce region of Southeastern Quebec.

To complete its goal of acquiring all of the required permits needed to do a rolling start open pit operation on the BT gold deposit, Uragold had to first compile all available data in order to complete a new NI 43-101 resource estimate. Regulatory rules dictate that Uragold must treat all information from Golden Hope’s NI 43-101 technical report published in June 2012 as historical information until such time that Uragold’s technical team has independently validated the data.

In order to complete this, Uragold needed to build a completely new 3D geological model for the T1 and T2 surface zones of BT, to be then able to develop its own independent assay grade shells.

Uragold has acquired a license for the Leapfrog 3D Modeling package. The 3D Model created by the company’s technical team will allow Uragold to evaluate new gold grade shells. Uragold is also planning a re-sampling/assay program to validate all historical data for a new NI 43-101 resource estimate on the T1 and T2 Zones.

Once completed, Uragold can move forward with the creation of a Feasibility Study, as required by the new Mining Act, and to finalize the permitting process for a rolling start open pit gold mining operation.

Click Image To View Full Size

Figure 1. This figure shows the drill holes entered into the initial database with associated gold values. The dark surface is the underside of the topography and the associated pink haze is created by the borehole number/ nametags. The view is northeast looking slightly upward through the borehole cluster. The closest cluster of holes is the T1 diorite. Maximum depth of the boreholes is around 600 metres.

The database still requires the addition of several sets of borehole data; surface trenching data (the trench data is currently being added), and potentially other data not yet identified.

As can be seen from Figure 1, there are numerous boreholes (to the left of centre) that are grey coloured. These are known boreholes from a previous drill campaign by Osisko (2003-04), for which no assay data is available nor has it been added to the database (not sampled/ not assayed/ etc.). The assay colouring scale is arbitrary but warm colours (red/ yellow/ orange) are higher gold grades than cooler colours (green/ blue). Considerable trench data is available and will be added.

Figure 2 shows what the model looks like when the interpretive lithology data is utilized. At the time of core logging, Golden Hope’s staff identified numerous gold hosting diorite types and categorized these individual units into named types. This version of the Leapfrog model has constructed “shells” that incorporate most of each named subset of diorite.

Click Image To View Full Size

Figure 2. This diagram shows the Timmins1 body (T1 – left hand body); the Timmins2 (T2 – red/ brown body); the Timmins5 body (T5 – yellow body); the Ascot body (green-blue at the back); and the Z88 body (dark blue right foreground). The view is looking downward onto the bodies very slightly east of north.

The shape of these bodies is very dependent on the initial logging and the reader is reminded again that this is a preliminary model. However the vertical nature of the diorite bodies and their tendency to parallel the regional stratigraphy and strike (northeast and close to vertical) is very apparent. This is particularly well seen in Figure 3.

Click Image To View Full Size

Figure 3. This image shows the BT diorite bodies from overhead. In this image it becomes very clear that the regional strike and dip (northeast and close to vertical) had a very strong controlling influence on the development of the dioritic bodies. It is very apparent that they intruded at a stage when the surrounding sediments were still relatively easily deformed and yet dominantly in a vertical position.

The Leapfrog package can also be used to develop assay grade shells.

Click Image To View Full Size

Figure 4 is generated on an arbitrary grade shell that was used to test the modelling data. This Figure shows the T1 (red) and T2 grade shells. These are preliminary and the shape will almost certainly change in later versions.

By using the Leapfrog software to develop a new block model, it should be possible to generate updated resource figures and grades. The block model uses several control parameters that still need to be determined as part of the modelling program.

Patrick Levasseur, President and COO of Uragold stated, “Golden Hope has done a tremendous job in demonstrating the gold potential at Bellechase-Timmins. We are excited to further develop these resources. We look forward to confirming the potential with an updated gold resource estimate.”

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

All the information on exploration potential herewithin presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

About Golden Hope Mines Option

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

In August 2012, GNH published a resource estimate of an indicated resource of 313,900 ounces gold (2.9 million tonnes grading 3.36 g/t Au) and an inferred resource of 102,000 ounces gold (2.17 million tonnes grading 1.46 g/t Au) using a cut-off grade of 0.60 g/t. Furthermore, GNH’s many bulk-sampling campaigns revealed extensive areas of surface mineralization averaging approximately 3 g/t Au. Notable were sampled areas averaging up to 10 g/t Au (Trench 09A).

With its Beauce Placer project, Uragold intends to develop a (600 MT/day) surface gold mining operation on the B-T property. Developing in parallel the B-T property and the Beauce Placer property will benefit both companies by providing greater geological and operational synergies such as cost savings.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

Other Corporate developments:

Uragold (Quebec Quartz) is expanding its holdings over the Martinville silica property to 12 claims, with the purchase from a private vendor of 8 adjacent claims. As consideration for the transaction and subject to regulatory approval, the Corporation will be acquiring 100% of the 8 claims that will constitute the New Martinville silica property through the issuance of 400,000 units. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.07 during a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

Tags: #mining, #smallcapstocks, $TSXV, CSE, gold, High Purity Quartz, High Purity silica
Posted in URagold Bay Resources | Comments Off on Uragold Commences 3D Modeling Of Golden Hope’s Bellechasse-Timmins Gold Deposit

Lexaria Discusses Launch of ViPova National Sales Initiative

Posted by AGORACOM-JC at 3:00 AM on Wednesday, February 25th, 2015

Lexaria is one of the most advanced and fastest growing companies within the exploding medical Marijuana Industry, one of the most recession-proof industry sectors without any apparent boom / bust cycle given North American demographics and the rapidly accelerating acceptance of medical marijuana.

Hub On AGORACOM / Corporate Website / Watch Interview

Tags: #smallcapstocks, $TSXV, CBD, CSE, medical Marijuana, ViPova
Posted in All Recent Posts, Lexaria Corp., Medical Marijuana Stocks | Comments Off on Lexaria Discusses Launch of ViPova National Sales Initiative

Hay Mountain Project Update: Added Targets, New Discoveries, and Innovative In-Hole Assay Done While the Drill Turns

Posted by AGORACOM-JC at 10:41 AM on Tuesday, February 24th, 2015

Liberty Star Uranium & Metals Corp. (â€œLiberty Starâ€ or the â€œCompanyâ€) (OTCQB: LBSR) is pleased to announce that three technical breakthroughs have occurred at the Hay Mountain Project over the last three months. These are:

1. Additional targets

2. The potential for leachable oxide copper bodies

3. The ability to separate diamond core drill cuttings using a centrifuge so that cuttings can be separated into samples corresponding to drill core intervals or fractions of those intervals at any depth desired as the drill turns without waiting for the core to be removed from the hole. Then x-ray fluoresce analyzers will be used to analyze these samples for an approximate assay in the field as the drill turns.

Liberty Starâ€™s CEO/Chief Geologist elaborates point by point:

1. â€œWorking with geologist Dr. S. Skirvin using geologic information systems (GIS) mapping tools, we clarified the geophysical relationships so that the geophysical data (ZTEM- electromagnetics and magnetics) for the Hay Mountain Project area could be related to culture on topographic maps, and recently produced high resolution space imagery, leading to the detection of significant number of additional targets

2. â€œWe have also evaluated the surrounding copper and precious metal mines including Arizonaâ€™s Tombstone, Bisbee (historic and future Cochise ore body), Johnson Camp, I-10 Porphyry Gunnison- Excelsior, Safford, Morenci, Rosemont, Florence, Twin Buttes: New Mexicoâ€™s Tyrone mine, Mexicoâ€™s La Caridad, and Cananea, and many others, which all have oxide copper recovery units (Solvent Extraction-Electrowinning plants (SX-EW plants)). Most porphyry copper deposits in the southwest USA, Mexico, Latin America and other geologically similar areas have a green and black copper oxide cap or periphery as a result of their oxidizing history details dependent on rock type and other factors. Hay Mountain is easily compared to Bisbee, Nord Resources Corporationâ€™s Johnson Camp and the Gunnison Copper Project (Excelsior Mining Corp), nearby where the same package of layered altered and mineralized rocks exists, as does a profound magnetic anomaly (Gunnison and Hay Mountain and others). Gunnison has disseminated oxides that can be treated by in situ (Latin: in place) leaching. Excelsior has done extensive testing and design of a proposed in situ leach operation that suggests an internal rate of return of about 45% and a payback in 2.5 years using a projected $2.75 copper price. (Pg. 246 Gunnison Copper Project: NI 43-101 Technical Report Prefeasibility Study). We have encountered more shallow outcrops containing green and what appears to be black copper oxide at Hay Mountain. Also, the horizontal tops of the recorded magnetic signals suggest the top of an oxide zone that compels us to consider that a large, near surface body of oxide copper may be located above the large sulfide targets which are more easily detected by ZTEM (electromagnetic, and magnetic) geophysics. The same host rock sediments are present at Johnson Camp, Gunnison, Bisbee and Hay Mountain. These rocks can be selectively mined using a Vermeer Terrain Leveler, resulting in lower cost mining and ore grade selection than standard methods of open pit mining. I have already had tests run at the Vermeer laboratories on ore material of each of the various sedimentary copper bearing units at Johnson Camp to see if the Vermeer can cut these altered and mineralized sediments. The results demonstrate that the Vermeer machinery can readily cut these units. Contacts between low and high grade can be followed to within 6 inches horizontal and a couple of inches vertically. Fragmentation achieved by the Vermeer concentrates on the ore bearing interstices of the host rock, thus maximizing the proportion of exposed surface area of the fragmented material that is ore bearing. This feature yields materials that may be much more available for solvent dissolution than conventionally crushed ore. The cut can be adjusted to get the optimum fragment size for heap leaching: all of this without using drilling or blasting. Thus, if we intersect significant amounts of leachable oxide copper mineralization at a shallow depth, which, as stated above, all surrounding porphyry copper mines have, we will immediately go into an evaluation mode. Nothing is definite until drills define such an oxide mineral body, but these types of deposits could go into production at a low cost, and quickly: in the range of 4 years (See pg. 249 Excelsiorâ€™s 43-101). The mining method at Hay Mountain could be open pit, heap leach or in situ like that planned at the Gunnison Copper Project.

3. â€œWe will be using some advanced equipment in the drilling program which will make Phase 1 drilling proceed faster, more controlled, accomplished more accurately, and data gathered very quickly. This will be a Solids Removal Unit (SRU), developed by an Australian company and sold in the USA (see http://www.amcmud.com/en/products-range/equipment-rental/product-data-sheets.html).

i. This device uses a centrifuge to remove drill cuttings from the mud circulation that cools the diamond bit and carries cuttings to the surface.

ii. The SRU removes +99% of drill cuttings from the mud and then circulates the cleaned mud back down the hole.

iii. The cuttings are ejected from the SRU where they can be bagged and disposed of.

iv. This give us the opportunity to sample the drill cuttings at any interval we choose â€“ say 2.5, 5, 7.5 or 10 feet â€“ or all of those intervals through the length of the drill hole or whatever intervals are desired to determine what the diamond drill is cutting even before the core is extracted, by â€œassayingâ€ using a modern XRF (X-Ray fluorescence) unit:www.niton.com either a hand held â€œgunâ€ or a more powerful bench or pick-up tail gate style unit. While an XRF is not a true â€œassayâ€ used for exact grade determination for ore calculations it is sufficient for the onsite geologist to determine whether the gross metals content is going up, down or remaining the same. This information can be transmitted by computer to the Internet so all senior management personnel can review the data if it is critical. Standard drill core assays by a certified lab will still be undertaken following standard procedures which can only be done that involve a carefully monitored and controlled half sample split of the drill core, prepared in a very clean sample prep lab, and sent under chain of custody control to a certified lab, which we will also do. However XRF is sufficient for the onsite geologist to determine whether the gross metals content is going up, down or remaining the same. This droll mud sampling methodology (but without the use of the SRU) was reported by D.K.F. McLachlan, in Mckinstry,H.E. â€“ Mining Geology 1948 in the days when diamond drilling was young and the diamond drill core bit tended to grind up core that was soft, where the mineralized intervals were encountered. It is still a valid technique when combined with the SRU.

â€œThe SRU also meets the requirements of the Arizona State Land Department permits that require collection of drill cuttings and disposal in permitted land fill.

All of this new data and our innovative techniques, as well many other details will be used in the presentation in Manila, Philippines March 2-3, 2015 by Director Brett Gross and myself during a full day presentation to potential investors and mining professionals.â€

â€œJames A. Briscoeâ€ James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward Looking Statements

Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include all our planned drilling program, planned methodology and our planned use of equipment, partners or funding sources, including without limitation our plan to commence Phase 1 drilling at Hay Mountain and define an economic body of mineralization there; that geological conditions may allow for an in situ leaching operation, or open pit heap leaching; that discovery of such a leachable ore body, similar those enumerated above, could result in a 4 year time line to production. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companyâ€™s recent 10-K and the Companyâ€™s other periodic reports filed from time to time with the Securities and Exchange Commission.

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR

Tags: #mining, #silver, #smallcapstocks, $TSXV, copper, CSE, gold, hay mountain, otcqb, uranium
Posted in Liberty Star Uranium and Metals | Comments Off on Hay Mountain Project Update: Added Targets, New Discoveries, and Innovative In-Hole Assay Done While the Drill Turns

Lexaria Letter From the President

Posted by AGORACOM-JC at 8:09 AM on Tuesday, February 24th, 2015

Kelowna, British Columbia–(Newsfile Corp. – February 24, 2015) – Lexaria, Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company”) is pleased to provide a Letter From the President for all its stakeholders.

Lexaria has posted at its website www.lexariaenergy.com a letter from the president, outlining recent corporate activity and current and future business plans. The complete Letter from the President is also being filed with regulators in the USA and Canada, and sent directly to shareholders. A summary and excerpt from the letter follows.

I am pleased to offer this update on Lexaria Corp to all stakeholders, following many changes in the Company during the past year.

It is a particularly exciting time in the Company’s history. 2014 delivered the sharpest and most severe decline in oil prices in over 5 years, and one of the biggest declines of all time. In 2012 we quietly initiated efforts to maximize value from our Belmont Lake oil field through any means possible, including a complete asset sale.

The oil field was sold late in 2014. At a peak, we owed over $1.7 million to various creditors, much of this to management and directors who had provided significant loans to enable our operations. We are proud to have paid all these loans down to a zero balance and that every creditor was paid in full.

At our annual general meeting in 2014, you responded overwhelmingly in favor of our entry into the medical marijuana sector, and we have responded with vigor. We now have a joint venture that has applied to Health Canada, the governing body of the medical marijuana industry in Canada, for a license to produce 10,000 kg (approx 22,000 pounds) of medical marijuana per year. Lexaria owns 49% of that joint venture.

Meanwhile, we don’t want to either bet the entire company on a single license application; or ignore the much larger market for already-legal agricultural hemp products. It’s important to clearly understand our foray into the United States market: In the USA we do not sell cannabis and are not involved in the marijuana trade in any way, even in those states where it is legal to do so under state law.

We are proud to help people in their quest for health and wellness, and we have come to believe that CBD may play an integral role in general good health. As a publicly traded company we believe this is not only the more prudent path for our company to take on behalf of its investors, but also the more profitable one.

Having unveiled our www.vipova.com website and upon selling our first cup of tea, we became a national company able to sell our CBD infused tea – using patent-pending technology – anywhere in the United States.

In order to attempt to generate sales revenue, and with them, our expectations of eventual profits, we purchased 51% of PoViva Tea LLC and launched the ViPova^TM brand of Cannabidiol (CBD) infused teas. Of all the steps we’ve taken in guiding Lexaria forward over recent years, we are perhaps most excited about our entry into the CBD business. Lexaria is playing a leading role in this brand new industry by delivering CBD through our unique and distinctive lipid-infused process making it one of the most exciting emerging companies in the business today.

2015 will be a very busy year for us – we have a number of goals and initiatives.

Primary among these is to establish ViPova^TM as a widely recognized and trusted brand for delivering CBD using our patent pending process that we believe is more effective and comforting. As brand recognition grows we intend to broaden the brand with other products, such as flavored teas and coffee. ViPova^TM sales and product introductions will constantly be a focus during 2015.

We will also launch our second brand of products under the Lexaria Energy brand, keeping a smile on our corporate face as we use our original name for new purposes. Lexaria Energy will be launched in the first 6 months of 2015 as a line of nutritional supplements for active people, once again always using our patent pending technology to infuse CBD inside for comfort and effectiveness.

We expect our first product to be a CBD/Protein bar of exceptional quality and taste. We are hoping to make the Lexaria Energy Bar the only bar in the world that is low on the glycemic index; gluten-free; and incorporates CBD with our patent-pending technology. It is currently under development.

2014/2015 is a period of change for your company. We know we made the right move to back away from the oil and gas business, and the economics in that business have deteriorated even more rapidly than we feared they might. We have paid all our bills and debts so that the Company is not burdened or placed at risk. We’ve entered the medical marijuana business through a license application in Canada. And we are launching two new brands in the USA aimed at the exciting brand new fields of cannabidiol delivery.

Though there has been a lot of change, one thing in particular remains constant: our thanks to you our shareholders for your loyalty and steadfastness over the years. It is hard being a mouse among elephants but we’ve tried our best to work hard for you all the while we avoid being stepped on. Our commitment to you remains unchanged and we will work honestly and tirelessly on your behalf.

Sincerely,

Chris Bunka

President and CEO, Lexaria Corp .

About Lexaria

Lexaria’s shares are quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns. www.lexarienergy.com

About ViPova^TM

ViPova^TM uses only legal CBD oil extracts, grown from legal hemp in locations where it is legal to do so, in ViPova^TM-branded tea. ViPova^TM uses its patent-pending process to infuse concentrated amounts of CBD within lipids in its tea, providing more bioactivity and comfort to the body during the absorption process. Only ViPova^TM has this ground-breaking technology for CBD/lipid infusion. www.vipova.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, CBD sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that existing capital is sufficient for the Company’s needs or that it will need to attempt to raise additional capital. There is no assurance that any planned corporate activity, business venture, or initiative will be pursued, or if pursued, will be successful. There is no assurance that any cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPova^TM products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

Tags: #smallcapstocks, $TSXV, CBD, CSE, medical Marijuana, ViPova
Posted in Lexaria Corp., Medical Marijuana Stocks | Comments Off on Lexaria Letter From the President

Uragold Appoints Peter Smith Director of The Corporation

Posted by AGORACOM-JC at 2:07 PM on Monday, February 23rd, 2015

Montreal, Quebec / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that Mr. Peter Smith has been appointed a director to the company’s Board of Directors effective February 20, 2015.

Peter H. Smith PhD, P.Eng. is a Director and founder of Fancamp Exploration Ltd. and is presently Chairman of the Board and President. He has been a Director of Fancamp Exploration Ltd. and its predecessor company, Fancamp Resources Ltd, since January 1986. He is presently a Director of Lamelee Iron Ore Ltd., since May of 2014 and served as a Director of Argex Titanium Inc. from October 2009 to May 2013. He has served as a Director of Litewave Corp. and St. Georges Platinum Base Metals Ltd. since January 2010, leaving the latter company in October 2010. He was a Director of Golden Hope Mines Ltd from May 1997 to August 2009. He is a member of the Ontario Order of Professional Engineers and is a former Director of the Prospectors and Developers Association of Canada.

Patrick Levasseur, President and COO of Uragold stated: “I would like to welcome Mr. Smith to the board and look forward to his contributions. Peter brings to the Company decades of experience in the mining sector. He is a proven project incubator and developer.”

Other Corporate development:

The Company would like to make the following correction to its February 6 2015 Press Release regarding the acquisition of Morin Paleoplacer gold project located in the municipality of Saint-Augustin-de-Woburn in the Eastern Townships region of southern Quebec.

The terms of the acquisition in the press release should have mentioned that Each Unit is comprised of one (1) common share and one half (1/2) common share purchase warrant (“Warrant”) of the Company and not one full common share purchase warrant.

Shares For Services Program

In accordance with the agreement between Uragold and AGORACOM (see Uragold press release July 18, 2014) Uragold Board has approved the issuance of 282,500 common shares at a deemed price of $0.05 per share for the outstanding debt of $14,125 for services rendered during the period ending January 15, 2015.

About Uragold Bay Resources Inc.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

Tags: #mining, #smallcapstocks, $TSXV, CSE, High Purity Quartz, High Purity silica
Posted in URagold Bay Resources | Comments Off on Uragold Appoints Peter Smith Director of The Corporation

ViPova (TM) by Lexaria Launches National Sales Initiative

Posted by AGORACOM-JC at 8:06 AM on Monday, February 23rd, 2015

Kelowna, British Columbia–(February 23, 2015) – Lexaria, Corp. (OTCQB: LXRP) (CSE: LXX) (the “Company”) announces that ViPova^TM by Lexaria has launched a national US initiative designed to assist Americans to simultaneously achieve two important objectives:

1)	To try new ViPova^TM CBD-infused tea, hold a TEA PARTY in your home or office. The President of ViPova or another Lexaria/ViPova member will personally visit with you; share ViPova^TM Tea amongst the group; provide information; answer questions; and, invite participants to become Channel Partner Distributors.Contact ViPova^TM through our website or by email at [email protected], to make your request to host a ViPova^TM TEA PARTY. In order to qualify to host your TEA PARTY, certain criteria, not limited to the following, must be met: a minimum of 12 people over the age of 21 must attend the TEA PARTY. We will consider all TEA PARTY requests and follow up with you regarding possible dates and schedules, as we roam across the country.

2)	Not only will TEA PARTY participants have a chance to enjoy great-tasting ViPova^TM tea with no obligation, they will also be able to apply on the spot at these unique events to become authorized CHANNEL PARTNER Distributors of ViPova^TM products. In addition to receiving extensive, industry leading product training, distributors will have the potential to earn an exciting supplementary income selling ViPova^TM products. Persons wishing to become ViPova^TM distributors can also apply by downloading an application form available at www.vipova.com A limited number of CHANNEL PARTNER distributorships will be available in each state in the country. Interested distributors or TEA PARTY hosts can also email us at [email protected] with your contact information and we will respond asap.

ViPova^TM by Lexaria is the country’s first CBD/Lipid-infused tea, and we are excited to launch this initiative to establish the nation’s best trained direct sales force for this highly anticipated brand launching.

Consumers across all 50 states can now buy America’s FIRST product that uses patent-pending technology to infuse CBDs within lipids for the most comforting and effective experience possible. As 2015 unfolds, ViPova^TM expects to offer additional products to its lineup.

As well, the Lexaria Energy^TM brand will also be launched in the first half of 2015 and ViPova^TM CHANNEL PARTNER Distributors will automatically be eligible to also sell the full line of Lexaria Energy^TM brand products as they are unveiled. Broadening our product offerings, combined with early geographic sales advantages, will make this opportunity to quickly acquire Distributor rights particularly rewarding.

The www.vipova.com website and our toll-free phone lines are taking tea orders. Customers can call 1-888-976-8482 from 9AM to 7PM EST Mon-Fri and we accept most major credit cards.

For a limited time only, our two introductory offers remain valid: on your first order, please enjoy free shipping and a coupon good for 30% off your subsequent order, regardless of order size.

About Lexaria

Lexaria’s shares are quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns. www.lexarienergy.com

About ViPova^TM

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana, CBD sector, or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors. There is no assurance that existing capital is sufficient for the Company’s needs or that it will need to attempt to raise additional capital. There is no assurance that any cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPova^TM products are not intended to diagnose, treat, cure or prevent any disease.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

Tags: #smallcapstocks, $TSXV, Avino Silver & Gold Mines (ASM.V), CBD, CSE, medical Marijuana
Posted in Lexaria Corp., Medical Marijuana Stocks | Comments Off on ViPova (TM) by Lexaria Launches National Sales Initiative

Robix Completes Construction of the COV and Grants Options

Posted by AGORACOM-JC at 7:00 AM on Thursday, February 19th, 2015

LETHBRIDGE, ALBERTA–(Feb. 19, 2015) – Robix Alternative Fuels, Inc. (“Robix” or the “Corporation”) (CSE:RZX)(FRANKFURT:R0X) announced today that the construction of its first 40ft Clean Ocean Vessel (COV) is complete. The final construction including a special paint application on the COV was recently completed in Sparwood, BC and the unit has been disassembled and readied for shipment. The date and location of the official unveiling and showcasing of the COV to customers, shareholders and other stakeholders has yet to be finalized.

“I am very proud of the final product and we are close to finalizing a location to showcase the COV,” said Nathan Hansen, President and CEO Robix. “I’d like to thank the people at Rayco Steel, the fabricators of the COV, for their excellent workmanship and dedication to this project. We are excited to continue our working relationship with them as our official manufacturer of the COV.”

On the sales and marketing of the COV, Mr. Dale Oleksyn, Vice President Marketing at Robix commented, “The response from customers to date on the concept of the COV has been very strong. We have spoken to a range of customers from large multinational organizations, to environmental services companies, to Governments and Ports and we are seeing significant traction in the market for this product. I am keen to showcase the 40ft COV and am confident that we can translate that interest to date into firm sales and a robust order book.”

In addition the Corporation, subject to regulatory approval, has granted incentive stock options to purchase a total of 150,000 common shares, at an exercise price of 52 cents per common share. They expire on February 17, 2020, in accordance with the corporation’s stock option plan.

About Robix Alternative Fuels

The Corporation is an “industrial products/technology” company, which has developed the Clean Ocean Vessel (“COV”), an oil spill recovery vessel design with the capability to recover oil not only in rough and debris laden sea conditions but more contained environments such as lakes and rivers. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry. The business model is focused on Robix becoming a large-scale provider of services and/or equipment under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
[email protected]

Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
[email protected]
www.robixfuels.com

The Howard Group
Jeff Walker
Vice-President
(888) 221-0915
[email protected]

The Howard Group
Brad Dryer
Associate
(888) 221-0915
[email protected]
www.howardgroupinc.com

Tags: #smallcapstocks, $TSXV, Clean Ocean Vessel, COV, CSE, oil spill clean up
Posted in Robix Alternative Fuels | Comments Off on Robix Completes Construction of the COV and Grants Options

Liberty Star Announces Statement by CEO/Chief Geologist James A. Briscoe and Update in Travel Plans

Posted by AGORACOM-JC at 9:26 AM on Wednesday, February 18th, 2015

TUCSON, Ariz., Feb 18, 2015 — Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR), which holds 100% interests in the Company’s premier exploration property for porphyry copper, gold and associated commercial metals, The Hay Mountain Project (southeast Arizona – Cochise County), is pleased to announce a shareholder update and comments from the CEO. Additionally, new travel arrangements have been set: Mr. Briscoe and Director Brett Gross depart for Manila, Philippines, February 26th to meet a group of mining professionals introduced to the Company by a long-time Liberty Star shareholder, mining engineer and investor, in an all-day meeting on Monday, March 2, 2015. The pair plan to make multiple in-depth presentations to an audience of potential investors that have signed binding non-compete/non-disclosure agreements. The naseba roadshow announced in NR 193 has been postponed.

James A. Briscoe, Chairman, CEO and Chief Geologist, offers the following update and comments:

“At this time I feel it is important to reaffirm our goals for the Hay Mountain Project and the company at large. The financing of our yearlong Phase 1 drilling program at our Hay Mountain Project remains priority one. I plan to travel to Manila, Philippines, to meet sophisticated potential investors with this goal in mind. We were scheduled to travel to the Middle East for a roadshow sponsored by naseba/Naru Capital, but events there and ensuing turmoil have intervened and I and the board of directors have decided that I should not travel to the area until security issues have been resolved. I have arranged with Naru/naseba to undertake teleconference meetings with appropriate candidates from the Middle East area for now. While Hong Kong was on the agenda and is a good venue, we will have to put it off until more contacts have been made.

“Let me go over some of the financial realities we are operating under right now that have impacted the Company. Natural resource prices have hit multiyear lows which have turned investment not only away from our efforts, but the industry at large. I invite you to look at the stock trading charts of any exploration or mining company and you will see red ink everywhere. I believe this will not last long term and that copper and gold prices must go up: if not immediately, the trend must return to conform to the global demand for resources that is widely acknowledged. While I am in no position to take responsibility for this mega-trend knowledge, I do intend to capitalize on it for shareholders when negotiating with potential investors in Hay Mountain. Right now the cost of exploration is depressed: it will be a sage partner who will enter the market at its very lowest and understands the adage ‘buy low, sell high’ and understands the supercycle for metal prices, especially copper (see Don’t Get Hung Up on Short-term Copper Prices: Lawrence Roulston, Jan 22, 2015).

“I also want to address questions that have come to my attention:

“Question 1: Is a reverse split under consideration? I am not considering this option at this time. Even if I did decide to reverse split because of a new regulatory requirement or other unforeseen reason, I would first seek approval of the shareholders to increase the authorized capital, and there would be prior notice through our filings with the SEC. When we progress to the drilling stage and as the copper price rises, as it always does and will again, I believe our fortunes will rise as well, and a rollback will have seemed inconsequential.

“Question 2: Am I considering changing the Phase 1 drilling program to drilling a couple of mother holes soon, using Liberty’s funds, rather than waiting for a JV? No, I think that is not a good idea for the Company and its shareholders. My thinking stems from my experience and the history of exploration in the area. I’ve been involved in porphyry copper exploration and mining for 50 years. It was my good fortune to have worked directly for two of the world’s great ore finders and lifelong business partners, ASARCO geologists Kenyon Richard, and James Harold Courtright, respectively VP Exploration and Chief Geologist. I’ve spent many hours and days with these two mentors, who took time to review the exploration histories of the discovery of Silverbell, the Mission Mine (both in Pima County, Arizona), and many others in Arizona, Nevada, Canada, southern Peru, Mexico, the Mother Lode gold belt, California and the Mesquite and Cargo Muchacho gold mines in southeast California. I spent two intensive years working in the Silverbell mine under them where I extended and expanded the seven-year-long drill program which had about ‘six weeks’ to go on my arrival to an additional 4 years with additional drill rigs. I found with this intimate contact with a classic operating open pit porphyry copper mine that even a porphyry copper can have dead spots in it. In a study I personally set up, I determined that if Silverbell had been completely covered and had only an IP (induced polarization study and anomaly: the primary geophysical tool at the time) it would have required 21 holes spaced on a 1,000 foot grid, to be sure that one intersected ore grade material.

“To hope that ‘a hole or two’ would intersect ore is a sure road to a ‘gambler’s ruin’ and would never have been allowed under the Richard and Courtright team management. Note it took them 27 holes into the Mission target before ore grade material was cut by the diamond drills, resulting in the massive Mission Mine that has now been operating 50 years with at least 30 years left. Liberty Star will continue to pursue our careful plan that will result in a thorough and professional test of the world-class anomaly at the Hay Mountain Target 1. Remember, the Hay Mountain target is projected to be a mega multiyear exploration, development and mining project. The dimension of the geochemical and geophysical response is 4 miles long by 2 miles wide, a permissible size to contain a ‘World Class’ very large mineral deposit. The only way to determine where the hot spots are is to drill diamond drill holes to test for mineralization while confirming and honing our geophysics, geology, and geochemistry knowledge. Rather than making Phase 1 small and desperate, careful analysis sees the project expanding the possible number of viable targets and the funding requirements. One of the key attributes of Phase 1 is its economic practicality: that would be completely destroyed if a drilling rig was employed to only drill two holes because the drill and all of its men and equipment is expensive to mobilize and demobilize. Also ore grade mineralization might be missed entirely.

“Raising money is very hard in the current economic circumstances, but given recent interest the Hay Mountain Project has generated, certainly possible.

“We have serious interest from experienced mining professionals that also possess the financial means to invest in Hay Mountain and will also participate in the conceptualizing of operations there. The invitation to present in Manila came from Mr. Tomas Malihan, CEO & President of Oremet Corp., Mr. Angelito Doria, VP Civic Corp., and Mr. Alfonso Doria, Philippine mining engineer and longtime supporter and major Liberty Star shareholder. Mr. Alfonso Doria completed a 3 day trip with me to southeast Arizona copper mines surrounding Hay Mountain and then Hay Mountain, examining surface outcrops, and technical documents concerning the Hay Mountain Project. He was duly impressed with the thoroughness of the approach and indications of the presence of a large but covered metal source resulting in geochemical, alteration and geophysical indications. His report of his evaluation resulted in the above-mentioned invitation to present in Manila. In an all-day meeting at a major hotel in downtown Manila between 10 and 20 mining professionals, including mining representatives from the Philippines, China, and India, will listen to me and Mr. Brett Gross, Mining Engineer, Attorney and Liberty Star Director. I will speak extensively about the geology, geochemistry and geophysics of Hay Mountain and why they indicate a mineral body at depth. Mr. Gross will present an innovative and financially attractive proposal to them for funding Hay Mountain, Phase 1 and beyond. There will be time for detailed information transfer as well a question and answer session.

“Multiple copper and precious metal mines are underway in southern Arizona, primarily funded by Canadian junior to intermediate companies. We have now been contacted, regarding interest in Hay Mountain, by three major international mining companies that are among the world’s largest. This is indicative of the perceived quality of the Hay Mountain Project. We hope these expressions of interest generate visits to the Hay Mountain area, continued due diligence by multiple parties and the eventual signing of a joint venture agreement. This is not a quick process to undertake a large project, but it is a beginning. We are optimistic that even during this period of low metal prices we are generating genuine interest and feel optimistic that a deal or deals will be struck on Hay Mountain.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our entire planned drilling program; that mineral prices will rebound; and our planned route to access partners or funding sources. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; mineral prices may not rebound in time for us to keep our properties; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20150218005211r1&sid=cmtx6&distro=nx&lang=en

SOURCE: Liberty Star Uranium & Metals Corp.

CONTACT:

Agoracom Investor Relations [email protected] http://agoracom.com/ir/libertystar or Liberty Star Uranium & Metals Corp. Tracy Myers, 520-425-1433 Investor Relations [email protected] Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter@LibertyStarLBSR

Tags: #smallcapstocks, $TSXV, copper, gold, otcqb, uranium
Posted in Liberty Star Uranium and Metals | Comments Off on Liberty Star Announces Statement by CEO/Chief Geologist James A. Briscoe and Update in Travel Plans

Exploration Update on Golden Hope’s Poly-metallic Massive Sulphide Champagne Deposit in the Bellechasse Belt of Southeastern Quebec

Posted by AGORACOM-JC at 8:00 AM on Wednesday, February 18th, 2015

Montreal, Quebec / February 18, 2015 / Golden Hope Mines Limited (TSX VENTURE: GNH) – Golden Hope Mines Limited (‘Golden Hope”, or “the Company”) is pleased to announce that the Institut national de la Recherche Scientifique (“INRS”) led by Marc Richer-Lafleche has submitted its report of a high resolution Audiomagnetotelluric Survey and a Petrophysical Study on the poly-metallic massive sulphide Champagne Deposit in the region of Bellechasse, Quebec. This survey and study followed a Versatile Time Domain Electromagnetic Survey (“VTEM”) that was conducted by Geotech for Golden Hope in late 2011, and confirmed the presence of a number of strong electromagnetic and magnetic anomalies within the Beauceville Formation (Magog Group) and more specifically over the known areas containing massive sulphide deposits. The Champagne sulphide mineralization appears to be a hybrid structure, possessing characteristics of both Sedimentary Exhalative Deposits (‘SEDEX”) and Volcanic-Hosted Massive Sulfide Deposits (“VMS”).

The Audiomagnetotelluric Survey was conducted with readings 25 to 50 metres (“m”) apart, and had a deep vertical penetration of 1500m. The results from the survey over the known Champagne Deposit mineralization indicate a significant sub-vertical conductor beneath the massive sulphides confirmed through previous drilling. The conductor (V) begins at approximately 240m of vertical depth and extends to approximately 650m depth with a maximum implied thickness of approximately 60m. (Figure 2.)

A second prospective conductor (IV) was indentified approximately 500m south of the Champagne Deposit, beginning at approximately 225m vertical depth and extending to an approximate depth of 880m, with a maximum implied thickness of 160m. This second conductor has been interpreted to be associated with the first conductor indicating the repetition of the sulphide target horizon through the presence of a structural fold (syncline).

As a result of this important and encouraging new interpretation of what might potentially be large tonnage poly-metallic sulphide deposits within the Champagne Belt of Southeastern Quebec. Golden Hope will develop an exploration plan to further evaluate the potential of these large geophysical targets associated with the known massive sulphide mineralization. The Company will also expand the geophysical program to determine if similar targets occur elsewhere within the Champagne Belt.

The Company’s contiguous mineral claims include approximately 10 linear kilometres of the stratigraphic horizon near the base of the Beauceville Formation that hosts the Champagne occurrence. The Champagne occurrence lies on the north limb of a synclinal fold. An additional 20 linear kilometres of the horizon is exposed within the company’s claims that cover the south limb of the syncline. The Champagne Deposit is a partially explored base and precious metal occurrence that lies entirely within the Company’s 100% owned Bellechasse Belt, on claims 3.5 kilometres north of the Company’s Bellechasse-Timmins Gold Deposit. Previous work on Champagne outlined a historic estimate of 250,000 tonnes of massive and disseminated sulphides, averaging 2.4 g/t gold, 19.7 g/t silver, 2.7% zinc, 0.40% copper and 0.45% lead (Paradis, Bosse and Gauthier, 1995 Report from the Centre Geoscientifique de Quebec, referencing Bergman (1954)). A Qualified Person as defined by National Instrument 43-101 has not done sufficient work to classify the historical estimate as a current mineral resource, nor is Golden Hope treating the historical estimate as a current mineral resource.

A copy of the INRS presentation can be found on the company’s web site at: http://goldenhopemines.com/exploration/

Marc Richer-Lafleche who is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release.

Statements Regarding Forward-Looking Information

Information set forth in this news release by Golden Hope Mines Limited may contain forward-looking information within the meaning of Canadian securities laws. Forward-looking information includes statements that relate to future, not past, events. In this context, forward-looking information often addresses the Company’s expected future business and financial performance, and often contains words such as “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend”, statements that an action or event “may”, “might”, “could”, “should” or “will” be taken or occur, or other similar expressions (including negative and grammatical variations). Such information includes plans, timing and expectations for updates of the Company’s resource estimate; expectations regarding the Company’s planned exploration activities and budget; the timing for receipt of drilling and assay results; and plans for further exploration and drilling at Bellechasse-Timmins and Champagne/VMS and other targets along the Bellechasse Belt. Specifically relating to possible mining of the Bellechasse-Timmins gold deposit, the Company must obtain specific permits beyond the Certificate of Authorization; may complete additional exploration and development work; and obtain appropriate financing before mining may begin. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the following risks: the risks associated with any outstanding litigation; risks associated with exploration activities and project development; timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of resource estimate updates; the need for additional financing; operational risks associated with mineral exploration; fluctuations in gold and other commodity prices; title matters; technical and permitting issues; environmental liability claims; insurance matters; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; the impact of taxation; and general economic conditions. Forward-looking information is based on management’s beliefs, estimates and opinions on the date hereof and the Company undertakes no obligation to update any forward-looking information if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking information.

Any historical mineral quantities set forth herein are, unless otherwise indicated, are not compliant with National Instrument 43-101.

About Golden Hope Mines Limited

Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company’s focus is in southeastern Quebec, Canada. The company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt an approximately 18 kilometre long mineralized area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B, Ascot/Road gold zones, and the 88 Diorite. The company is also looking to develop the Champagne zone, a partially explored base metal and gold deposit that lies within the Company’s Bellechasse Belt claims. A recently completed VTEM survey may identify other similar targets along the horizon. The company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, Chute du Bras, the LG showing, Moose Cliff, and Talon.

For further information:

Golden Hope Mines Limited.

www.goldenhopemines.com

Frank Candido, Presdient, Director

Tel : 514-969-5530

[email protected]

Click Image To View Full Size

Figure 1. Location of the Champagne Deposit in relation to the Bellechasse-Timmins Gold Deposit

Click Image To View Full Size

Figure 2. The Audiomagnetotelluric Survey over the known Champagne Deposit in Bellechasse, Quebec.

Tags: #mining, #smallcapstocks, $TSXV, gold
Posted in All Recent Posts, Golden Hope Mines | Comments Off on Exploration Update on Golden Hope’s Poly-metallic Massive Sulphide Champagne Deposit in the Bellechasse Belt of Southeastern Quebec

Posts Tagged ‘#smallcapstocks’

Categories