Agoracom Blog Home

Posts Tagged ‘#smallcapstocks’

« Older Entries
Newer Entries »

Focus Graphite Reports Lac Knife Pilot Flotation Plant Tests Yield Large Flake Graphite Concentrate (+ 80 mesh) Grading 98.3% Carbon

Posted by AGORACOM-JC at 9:11 AM on Wednesday, August 21st, 2013

OTTAWA, ONTARIO–(Aug. 21, 2013) – Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) (“Focus” or the “Company”) is very pleased to report pilot plant test results from its flagship Lac Knife high grade flake graphite project located in the Grenville Geological Province of northeastern Québec. This work was performed as part of the ongoing Lac Knife concentrator flowsheet design process. The graphite concentrates generated from the pilot flotation plant will be subjected to further purification tests as part of ongoing metallurgical studies.

Highlights:

  • The average grade of the coarse size fraction (+ 80 mesh) was 98.3% Total Carbon* (“Ct”) compared with 97.4% Ct in the Phase 2 Locked Cycle Tests** (“LCTs”)
  • The average grade of the medium size fraction, less than 80 mesh and greater than 150 mesh in size, was 98.2% Ct compared with 97.4% Ct in the Phase 2 LCTs
  • The average grade of the size fraction greater than 200 mesh was 98.0% Ct compared with 97.2% Ct in the Phase 2 LCTs
  • The average carbon content of the pilot plant campaign was 96.6% Ct compared to 96.4% Ct reported in the Company’s July 9, 2013 press release on the final results of the Phase II LCTs. It is important to note that these results were achieved despite the fact that the less than 200 mesh fraction was not subjected to another cleaning circuit in the pilot plant run as was done in the LCTs, meaning the carbon content of the overall sample would likely have been even higher.
  • These results indicate that all three concentrate size fractions may be easier and more cost effective to beneficiate into technology grade graphite due to the high grade carbon content obtained from the pilot plant testing. Higher concentrate grades translates into reduced levels of impurities that have to be removed in the thermal or hydrometallurgical purification processes.
*All carbon analyses were performed by SGS Canada Inc. (“SGS”) and are reported as total carbon (“Ct”). The analytical methods that were used to determine the metallurgical results included total carbon analysis by Leco on the final concentrates. The lower grade tailings products were analyzed by the graphitic carbon (“Cgr”) method to discount the organic carbon and carbonate carbon in the samples.

The fact that the medium and large graphite flakes could be upgraded to purity levels ranging between 98% Ct and 98.3% Ct by flotation suggests that the impurities are attached to the surface of the graphite flakes in the flotation concentrate and have the potential to be upgraded even further, to purity levels required by battery grade graphite manufacturers. The objective of the pilot plant testing was to produce the highest quality large flake graphite concentrate.

The pilot plant metallurgical testing was completed by SGS on a 23.3 tonne composite of drill core samples collected from the massive, semi-massive and low grade mineralization zones of the Lac Knife graphite deposit. The average total carbon (Ct*) head grade of the bulk sample was lower than the deposit average grade at 11.8% Ct in order to be able to increase the amount of mineralized material available for pilot plant testing at that time. Even with the lower head grade the metallurgical results were excellent confirming the robustness of the concentrator flowsheet design.

Overall, the graphite concentrate recovery decreased slightly from 92.5% in the Phase 2 LCTs to 91.0% in the pilot plant tests, while the amount of large flake graphite concentrate greater than 80 mesh recovered in the pilot plant test was 33.5% by weight compared with 42.5% in the LCTs. The decrease in large graphite flake recovery is attributable to the decision to employ aggressive polishing techniques that successfully improved the quality and increased the carbon content of the large flake graphite concentrate during the pilot plant tests. The assumption that the aggressive polishing conditions led to a breakage and/or folding of the graphite flakes is supported by the fact that the medium sized flake concentrate recovery with a size range of less than 80 mesh and greater than 150 mesh, increased to 29.8% from 21.2% in the LCTs.

** A locked cycle test (LCT) is a repetitive batch flotation test conducted to assess flow sheet design. It is the preferred method for arriving at a metallurgical projection from laboratory testing. In a LCT the intermediate products are incorporated in the following cycles, thus simulating a continuous flotation circuit on a laboratory scale.

Focus President and CEO Gary Economo said: “The pilot plant test results confirm once more the overall quality of our flake graphite resource at Lac Knife; a level of excellence that helps to further de-risk the project. More importantly, the results indicate that all of Lac Knife’s future production holds the potential for purification to premium-priced technology-grade graphite.

“Lac Knife,” he added, “provides the foundation for our mine-to-market to value-added technology business strategy. We anticipate no impediments to the successful execution of our mining and related corporate objectives.”

Dr. Joseph Doninger, Director of Manufacturing and Technology for Focus Graphite, stated: “The +98% Ct purity level and high recoveries achieved on the greater than 200 mesh flake size of graphite during the pilot plant tests confirm the robustness of the Lac Knife concentrator flowsheet design developed by SGS Inc. in the Phase I & II LCTs conducted in 2012 and 2013.”

About SGS Metallurgical Services (Lakefield)

SGS Canada Inc. (“SGS”) is recognized as a world leader in the development of concentrator flowsheet design and pilot plant testing programs. SGS’ Metallurgical Services division was founded over half a century ago. Its metallurgists, hydro-metallurgists and chemical engineers are experienced in all the major physical and chemical separation processes utilized in the recovery of metals and minerals contained in resource properties around the world.

The information pertaining to the metallurgical test program completed by SGS that is presented in this news release has been reviewed and approved by Mr. Oliver Peters, M.Sc., P.Eng, MBA, SGS Canada Inc. Consulting Metallurgist. Mr. Peters has extensive experience in the development of metallurgical processes and has managed the majority of the graphite testing programs conducted at SGS in recent years.

This news release has been reviewed by Mr. Jeff Hussey, P.Geo (Québec), VP-Project Development for Focus Graphite and a Qualified Person under NI 43-101 guidelines.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Indicated Mineral Resource Estimate of 4.9 million tonnes grading 15.8% graphitic carbon (Cgr) as crystalline graphite with an additional Inferred Mineral Resource Estimate of 3.0 Mt grading 15.6% Cgr of crystalline graphite. Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Assessment (“PEA”) of the Lac Knife Project which demonstrated that the project has an excellent potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.

Forward Looking Statements – Disclaimer

This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

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

Contact Information

Tags: , , , ,
Posted in Graphite | Comments Off on Focus Graphite Reports Lac Knife Pilot Flotation Plant Tests Yield Large Flake Graphite Concentrate (+ 80 mesh) Grading 98.3% Carbon

Big North Graphite Completes Its First Graphite Sale

Posted by AGORACOM-JC at 11:31 AM on Thursday, August 15th, 2013

Vancouver, B.C., August 15, 2013 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the ” Company ” or ” Big North “), announces that it has completed its first graphite sale. The Company recently sold 200 tons of amorphous graphite, mined from the Company’s Nuevo San Pedro mine and additional feed mines located in Sonora Mexico, to a customer within Mexico. The graphite sold was a mine run, semi-processed product, consisting of a 3/4 inch minus size, yielding an average grade of 68% Cg. The mined graphite was processed at Big North’s processing facility located near the town of La Colorada, Mexico.

The Company commenced test mining at the Nuevo San Pedro project in May of this year and in July announced that it had mined, shipped and stockpiled 160 tons of graphite, leading to the sale of product this month.

Big North President Spiro Kletas stated, “Our goal has always been to become one of the first junior graphite companies to capture some of the market by making graphite sales and earning revenue for our shareholders. Today is a monumental day for Big North and our shareholders. We were able to sell the graphite in our inventory as soon as it was available for purchase. Further, we were able to sell this graphite as mine run. This initial sale demonstrates the significant demand for amorphous graphite and the fact that we are one of a few companies focusing not only on mining, but selling amorphous graphite, gives Big North a distinct advantage. As amorphous graphite is the largest segment of the natural graphite market by tonnage, our goal now is to grow our amorphous graphite mining and sales business for our shareholders.”

Amorphous Graphite

In 2012, approximately 1.1 million tonnes of natural graphite was produced worldwide. Of that, amorphous graphite represented 55% of the world’s graphite production, thus making it the largest segment of the natural graphite market. Further 89% of the world’s amorphous graphite supply comes from China. Mexico is currently the only source of North American amorphous graphite production, with none currently coming from the US and Canada. Russia used to supply amorphous graphite but the mine has since closed. (Source: Simon Moores, Industrial Minerals)

Amorphous graphite is one of the higher quality forms of carbon. Technically known in the market as micro-crystalline, the crystal structure is similar to that of flake graphite but on a smaller scale. The only higher quality forms of carbon are flake, vein and diamond.

The major use for amorphous graphite is in steel production. It is the material of choice by steelmakers around the world to use as a recarburizer. Amorphous graphite is also the only mainstream dry lubricant in the world and is therefore used in many industrial processes from railroads to a wide range of industrial manufacturing.

Amorphous graphite is also used in brake linings, gaskets and clutch materials. Foundry facing mold wash uses amorphous or fine-flake graphite in a water-based paint to coat the mold, thereby allowing ease of separation of the casted object from the mold after the metal has cooled.

Big North, through its Mexican subsidiary Grafito la Barranca SA de CV, holds a 100% interest in the Aki Wiki concession and has a 50/50 joint venture on the Nuevo San Pedro Project. Both concessions are located in the San Jose de Moradillas region, a region that has produced graphite for more than 100 years. San Jose de Moradillas is located approximately 45 kilometers southeast of the city of Hermosillo, Mexico.

About Big North Graphite Corp.

Big North is a graphite development and exploration company focused on select projects in Mexico and Canada. The Company recently acquired 3 past producing amorphous graphite mines in Sonora, Mexico and is working towards accelerating the restart of the Nuevo San Pedro amorphous graphite mine. Big North is currently in the Test Mining phase at Nuevo San Pedro.

Recently, Big North announced that the Company had started the assembly of a processing plant that will be used for crushing, screening, sizing and drying of graphite to the specifications of future customers. Further, the Company has commenced a strategy of buying unprocessed amorphous graphite from local miners who do not possess the ability to process or ship to end users. Big North also owns high priority, large flake graphite exploration projects in Ontario and Quebec, Canada.

For further information please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

(signed) ” Spiro Kletas ”
Spiro Kletas
President and Chief Executive Officer

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.

The Company has not established mineral resources and has not completed a valid mining study (as defined by NI 43-101) to support its production decision at the Nuevo San Pedro Mine. Historically, a production decision under these circumstances results in much higher economic or technical risk. Furthermore, without a pre-feasibility or feasibility study and a graphite reserve, there can be no assurance that operations at Nuevo San Pedro will be profitable.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Tags: , , , ,
Posted in Graphite | Comments Off on Big North Graphite Completes Its First Graphite Sale

BREAKING…Pacific Potash Corporation Halted, Pending News

Posted by AGORACOM-JC at 10:08 AM on Thursday, August 15th, 2013

Pacific Potash Corporation Halted, Pending News

Amazonas Potash Basin

  • The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
  • Soils in Brazil are deficient in potassium and require potash to remain productive
  • The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada
  • Recently signed non-binding Memorandum of Understanding with CapitalAsia Investment Holdings Group sets out the initial terms and conditions for entering into a formal off-take agreement at such time as Pacific Potash’s Amazonas Potash Property goes into commercial production.

Corporate website / Hub On AGORACOM

Tags: , , , ,
Posted in All Recent Posts, Pacific Potash | Comments Off on BREAKING…Pacific Potash Corporation Halted, Pending News

Q&A: Eric Sprott on gold and why it’s heading to $2,400 in a year

Posted by AGORACOM-JC at 8:38 AM on Thursday, August 15th, 2013

Last week at Inside the Market, we invited you to submit questions for Eric Sprott. We received over 100 questions.

We posed a selection of these to Mr. Sprott this week and present the questions and answers below. As you’ll read, the CEO of Sprott Asset Management is only becoming more entrenched in his bullish views, calling for a $2,400 (U.S.) gold price within a year. And he sees nothing short of “explosive” gains in junior mining stocks. Thanks to all for participating.

Are we near the bottom of the decline in gold and what timeframe do you see for its appreciation to reach the old highs and possibly push through to new highs? Craig

Craig, I firmly believe that we reached the bottom on June 28th and that gold should double from that bottom within the next 12 months. So by next summer, I think that the price of gold will have made new highs and stand around $2,400 per ounce.

What is your view on the junior mining and exploration space? What has to occur in the mining sector to see a turn-around in the junior space? Anonymous

Given my outlook on gold prices, this sector will be explosive. The continuation of the gold bull market will lead the junior gold mining stocks higher by many hundreds of per cents, just like it did during the 2008 recovery. By the way, since hitting the bottom on June 28, gold has rebounded by 12 per cent while gold miners have gone up by about 25 per cent.

Hello Mr. Sprott, I think your analysis of what is happening with fiat currency is bang on. I am wondering how do you think the U.S. Government can ever get out of this catch-22 they are in with their debt? If they let the interest rate rise by stopping QE (quantitative easing) then they will pay more interest on their debt. If the pay more interest on their debt, they will have a bigger deficit. Will they print money until the reset button is pressed? When? What will that mean for the average Joe? Kyle Brown

Mr. Brown, you are exactly right, and this is why I think that the Fed will remain accommodative for a very long period of time. However, the official debt is only the tip of the iceberg and, as we discussed in the most recent Markets at a Glance, longer-term benefits such as social security and medical care will have to be cut as well. The promises made by governments are too generous and cannot be kept. Not just for the average Joe but for everyone, I think we should expect less from the government and prepare to fend more for ourselves. Money printing can hide financial problems for a while, but it can’t provide tangible services to citizens.

Why do you think the bullion banks have so consistently shorted the gold market? Were one or more, in your view, acting as agents for the Fed to prevent gold from being seen as a secure store of value and a preferred alternative to the U.S. dollar? Do you have conclusive evidence to back your opinion? Derek White

Mr. White, there is strong evidence that Central Banks have surreptitiously colluded with bullion banks (see our Sprott Thoughts article on the topic here) and sold their gold in the market. This is further evidenced by recent comments at the Bank of England and the ridiculously long delays to repatriate German gold from the U.S. Furthermore, I would refer you to the Gold Anti-trust Action Committee website, which discusses those issues at length, and our Markets at a Glance article series “Do Western Central Banks Have Any Gold Left???”. (Part 3 can be seen here.)

Some prominent analysts claim that the Commitment of Traders reports from the U.S. CFTC are giving very bullish signals concerning the future direction of gold and silver prices. Do you agree– and why or why not? Andrew

Yes, I agree with this analysis and further details can be found in my recent article here. Basically, we have seen a complete reversal of the situation in the futures market: commercial dealers covering their shorts, speculators selling (going short), and most importantly, COMEX inventories declining. The most important part of the equation is the covering of shorts by commercial dealers. That means they are no longer supplying (paper) gold to the market, which was depressing the price.

The price of gold appears to be set by the enormous volume of transactions in the paper gold market, which dwarf the physical. This price mechanism seems to have survived various significant events of almost physical default this year – Dutch bank settlements, German gold recovery from the US, and India’s domestic restrictions on gold investments. What therefore could possibly change this equation and cause (and allow) the real physical supply-demand reality to start driving price as classical economics dictates it must? Simon Lester

Mr. Lester, I think that you are absolutely correct in your analysis; daily paper volumes are many times larger than annual mine production. I believe that the return to fundamentals driving gold prices will be triggered by a shortage of physical gold and ultimately, a failure to deliver. We already see signs of physical gold shortages, as evidenced by the negative Gold Forward Offered Rates (GOFO) rates, record low physical inventories and backwardation in the futures market. A full discussion can be read in the articles linked to above.

Why have your funds performed so poorly and why may you think that will change? Andrew

I have always believed that I am right and that markets are wrong, but throughout the years, I have had to endure situations like this. It happened in 1998 and 2008, but my funds have always rebounded. In due course, the markets will realize their failure. After this short pause, the gold bull market will continue and those that have been patient will be rewarded.

Whenever the Fed hints at tapering, gold takes a hit (as does the stock market in general). At some point, the Fed will have to taper as this bond purchasing cannot go on forever. Won’t gold get crushed at that point in time? Anonymous

The Fed may or may not taper; I am in the disbeliever camp. As for gold, I happen to believe that the Western central banks, which have suppressed the price of gold, won’t be able to do so for long.

How do you see the selling of paper gold and silver in the West and the aggressive purchasing of physical precious metals by the East resolving itself and what time frame would you give for some kind of resolution of this contradictory behaviour to occur? Dave

We have already seen some manifestations of this (see our article here). Recently, the China Gold Association announced that gold consumption increased 54 per cent in the first half of 2013 (to 706.36 tonnes). As mentioned in previous answers, a shortage of physical gold will ultimately correct this discrepancy.

What if you are wrong in your case for gold to go up dramatically? What if gold falls below $1,000 dollars this year and 800 next? Would you change your investment strategy? Richard Wiklo

Then I would need to admit that the timing was wrong, but we stand by our in-house analysis. We believe that the price is suppressed and, based on our work, I am not changing my investment strategy.

Gold producers are once again hedging their production. Does that mean that we are about to see a replay of a long period of depressed prices similar to what we saw when Barrick had massive hedging programs in the 1990’s? Chuck

I sure hope not, as you would imagine. Barrick paid a huge price for hedging. I can’t predict what producers will do but those that hedge will be penalized in the market. I hope that they won’t.

The Western central bankers allegedly have 18,000 tonnes of gold. [10,000 Europe, $8,000 USA], the Bank of England sold off 1,300 tonnes of gold in recent months [7 per cent of Western civilization’s gold]. What’s to stop them from using the rest of their gold to keep the price down for years to come? Jeff Spakowsky

Mr. Spakowsky, I believe that this is unlikely since I doubt that Western Central Banks have any gold left.

Good day sir. Do you believe there will be a major shake-up and consolidation among the junior gold producers who are “borderline price-point producers” and will not survive the current prolonged downturn in the gold market? Jamie Dillon

Mr. Dillon, it is an opportune time for intermediate and senior producers to be buyers of precious metals companies at those depressed valuations. With my expectations of a short-term turnaround in gold prices, there will be a high survival rate.

Source: http://www.theglobeandmail.com/globe-investor/inside-the-market/qa-eric-sprott-on-gold-and-why-its-heading-to-2400-in-1-year/article13765335/

Tags: , , , , ,
Posted in All Recent Posts | Comments Off on Q&A: Eric Sprott on gold and why it’s heading to $2,400 in a year

While Potash Market in Shock, Focus on Explorers with Brazilian Advantage

Posted by AGORACOM-JC at 9:52 AM on Monday, August 12th, 2013

Aug 12, 2013 — “Pacific Potash Corp. – Ready to Drill, Set to Discover, Going Up Matchless”

Rockstone Research Ltd. comments on the recent developments in the potash market and initiated coverage on Pacific Potash Corp. (tsx.v:PP). The full analysis can be viewed as a PDF using this link:

http://www.rockstone-research.de/research/RockstoneResearch-PacificPotashCorp08092013e.pdf

Excerpt:

Over the next decade, Brazil is expected to become an agricultural super power making it one of the largest users of potash fertilizers on the planet. While potash consumption seems to have peaked in India and China as currently declining, the opposite is true in Brazil with a potash consumption showing steady long-term growth potential. It is forecasted that Brazil becomes the biggest importer of potash globally by the year 2020.

Over the last 15 years, the total value of Brazil’s crop rose from $23 billion to $126 billion and it is estimated to increase a further 40% between 2010 and 2019. Additional data by SOBER suggests substantial increases of agricultural production for commodities that consume most of the potash. Brazil owns 30% of the world’s arable farmland and it is projected that the country will have the world’s fastest growing agribusiness economy over the next 50-100 years.

Brazil has 500 million hectares of potentially arable land of which 100 million are currently under cultivation. This compares with the United States’ 350 million, Russia’s 300 million, and China’s 200 million if they used every hectare available. Brazil imports more than 90% of its potash requirements with imports mainly from Saskatchewan and the Ural region incurring total delivered transport and import costs into Brazil of around $90 per ton. The Brazilian government is not sitting around waiting for this, as it has made it a goal to financially back domestic projects in order for the country to become fertilizer independent. The Brazilian government has decided to use all powers to become potash-independet in the next decades. This will put the exploration and development of Brazilian potash desposit on the fast-track.

Pacific Potash is an early entrant into a brand new world-class potash basin that has the potential to rival or surpass some of the great producing basins worldwide. What makes this even more exciting is the fact that being located in the middle of the new breadbasket of the world gives the company a unique Brazilian advantage:

Low-cost production, world’s fastest growing agro economy, almost zero domestic production and potentially billions in logistical cost advantage. http://www.rockstone-research.de/research/RockstoneResearch-PacificPotashCorp08092013e.pdf

Please read the disclaimer within the report.

Rockstone Research Ltd.

Analyst: Stephan Bogner (Dipl. Kfm., FH)

http://www.rockstone-research.com/

http://www.accesswire.com/img.ashx?id=406756

Tags: , ,
Posted in Pacific Potash | Comments Off on While Potash Market in Shock, Focus on Explorers with Brazilian Advantage

AGORACOM CEO Interview Leadership Series – Gary Monaghan, UC Resources

Posted by AGORACOM-JC at 12:01 PM on Wednesday, August 7th, 2013

George and Allan go via Satellite with silver producer UC Resources and its CEO, Gary Monaghan, to discuss:

  • Bucking The Trend … Leadership Principals of UC Resources
  • Why “Standing Still” Is A Death Sentence For TSX Venture Companies
  • How Problem Solving Is Always A Necessary Function Of Progress
  • The Current State Of UC Resources Production
  • When UC Resources Expects To Hit 200t/day In Production
  • The State Of Silver

Tags: , , , ,
Posted in AGORACOM Allan Barry Reports, AGORACOM Via Satellite, UC Resources | 1 Comment »

BREAKING…Virtutone Networks Generates Record Breaking Revenue of $3.7M for July 2013

Posted by AGORACOM-JC at 11:02 AM on Thursday, August 1st, 2013

                               

Virtutone Networks Generates Record Breaking Revenue of $3.7M for July 2013

 

Watch Our Recent Interview

Company Highlights

  • $2.8 million in revenue last year
  • $3.7 million in revenue for July 2013
  • $2.2 million in revenue for June 2013
  • Ranked #1 fastest growing ICT company in Canada 2012
  • “Next 50 ICT Companies” in Canada Branham 2013

Corporate Website / Hub On AGORACOM

Tags: , , , ,
Posted in All Recent Posts, Verisante | Comments Off on BREAKING…Virtutone Networks Generates Record Breaking Revenue of $3.7M for July 2013

AGORACOM CEO Video Interview – Small-Cap Leadership Series

Posted by AGORACOM-JC at 3:57 PM on Tuesday, July 30th, 2013

Using “Via Satellite” Video, Allan Barry and George Tsiolis engage in a provocative discussion with industry veteran Steve Regoci, President & CEO Of Garibaldi Resources (GGI:TSX) about:

· Why “Doing Nothing” Isn’t A Plan, It’s A Death Sentence For Small Cap Juniors

· Why Investors Should Demand Their Companies Keep Moving Forward Even In Tough Times

· CEO’s Don’t Have The Ability To Time The Market Any Better Than Investors Do

· Fortune Favours The Bold – Why Gold and The TSX Venture Are Too Cheap To Pass

· Why Garibaldi Resources Hasn’t Needed To Finance Since 2009

· How Garibaldi Is Winning In Both Mexico and B.C.

Tags: , , ,
Posted in AGORACOM Allan Barry Reports, AGORACOM Via Satellite | Comments Off on AGORACOM CEO Video Interview – Small-Cap Leadership Series

Top Press Releases of The Week, Commodities Manipulation and Spot Gold’s Spike All On This Weeks Show With Allan Barry & George Tsiolis – July 26, 2013

Posted by AGORACOM-JC at 1:06 PM on Friday, July 26th, 2013

On this weeks show we discuss the best press releases of the week from Small-Cap TV:

  • Parkside Resources (PKS.V) interesting drill results from project in Ontario.
  • Aroway Energy (ARW.V) increases proven reserves of oil equivalent by 246%.
  • SilverCrest Mines (SVL.V) solid pre-feasibility study from Mexico silver play.
  • Almaden Minerals (AMM.T) hits solid drill results on gold 7 silver play in Mexico
  • Virtutone Networks (VFX.V) from $2.8M In Annual Revenue to $2.5M in Monthly Revenue

Gold & commodities manipulation theory is now going mainstream. Spot gold spiked up $45 on Monday and the media pundits pointed to things from China to the FOMC.  While all the cited may have been factors, veteran traders saw the bulk of the move resting in a conspiracy story.

  • ART CASHIN A key support of these theories is the backwardation in gold – the spot price is higher than the near future contract.  That’s unusual. It could normally be resolved by selling spot gold and buying the cheaper future one month out.  Thus, in a month, you would reap an apparent locked-in, riskless profit.  Yet no one seems to be doing it.  Is there doubt that there is gold in storage that will be deliverable in a month?
  • This weekend, the New York Times reported that Goldman Sachs has allegedly been using its aluminum warehouses to manipulate the price of the metal.
  • JP Morgan is in negotiations with FERC, a federal energy regulator, to settle charges that its traders manipulated energy markets in the western U.S., they could pay up to $410 million.

Want to catch up on previous shows?

  • Weekly “Best Of The Best” Posted Every Friday Afternoon  Watch Here
  • Daily “Small-Cap Breakfast” LIVE (Posted Every Day Around 11:00 AM) Watch Live Here

THIS WEEK’S SHOW SPONSORED BY:

Tags: , , , , , , ,
Posted in AGORACOM Allan Barry Reports, AGORACOM Best Of The Best, All Recent Posts | 2 Comments »

Bold Ventures Inc.: Initial Drill Program Successfully Extends Blackbird and Black Horse Chromite Zones on the Koper Lake Project in Ring of Fire

Posted by AGORACOM-JC at 8:47 AM on Thursday, July 25th, 2013

TORONTO, ONTARIO–(Marketwired – July 23, 2013) – Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold”) and KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) are pleased to announce jointly the following drilling results from the initial diamond drill program on their Koper Lake Joint Venture in the Ring of Fire (ROF) Northeastern Ontario, which is under option from Fancamp Exploration Ltd. (FNC) (see Bold’s press release dated January 7 2013). In turn KWG has optioned the property from Bold on terms that are described in a Bold press release dated March 4, 2013.

Drilling with three drills commenced early in March 2013. The drilling was briefly halted in early April 2013 pending the issuance of an Exploration Permit by the Ontario Ministry of Northern Development and Mines pursuant to the revised Ontario Mining Act.

In late May while drilling the last two holes of the program a forest fire, in close proximity, threatened the drill camp which housed the project personnel. All personnel were evacuated from the area until the fire was brought under control. As a result, the program budget was exhausted and the last two holes were stopped short of the target depth. Casing for holes FNCB-13-35 and FNCB-13-37 was left in place and capped for access at a later date.

While Bold was the operator of the program, its technical crews were ably assisted with on-site support from KWG’s geologists. First Nations people were employed on site, with Haveman Bros. from Kakabeka Falls near Thunder Bay providing procurement and camp services and Cyr Drilling of Winnipeg, Manitoba and Orbit Garant Drilling Inc. of Val-d’Or, Québec providing the contract drills.

During the program a total of ten holes (FNCA-13-29 and 29W1, and FNCB-13-30 to 37) totaling 6040.8 metres were drilled. (see Table below for drill hole statistics).

DEPTH
HOLE NUMBER EASTING NORTHING ELEVATION AZIMUTH DIP (METRES)
FNCA-13-29 547456.0 5843253.0 172.2 135 -87.63 1041.8
FNCA-13-29W1 547456.0 5843253.0 172.2 135 -87.63 36.0*
FNCB-13-30 547758.6 5843278.1 177.1 180 -70.44 774.0
FNCB-13-31 547449.0 5843171.0 172.2 177.97 -69.78 640.0
FNCB-13-32 547762.1 5843272.8 179.0 151.9 -73.08 861.0
FNCB-13-33 547449.7 5843172.3 172.2 160.15 -63.95 861.0
FNCB-13-34 547741.0 5842831.0 172.0 151.31 -67.82 363.0
FNCB-13-35 547925.0 5843275.0 172.0 154.2 -76.14 738.0**
FNCB-13-36 547741.0 5842831.0 172.0 151.31 -46.0 201.0
FNCB-13-37 548075.0 5843275.0 172.0 164.8 -69.67 525.0**
6040.8
TOTAL METRES
* hole was wedged at 1015 metres and was drilled to 1051 metres
** not completed

Drill Results Nickel/Copper Massive Sulphide Potential

Hole FNCA1329 was collared in the northwest corner of the Fancamp property to provide a platform for down hole geophysical surveying in a northerly oriented ultramafic conduit feeding the northeast-southwest striking Ring of Fire (ROF) ultramafic complex. A similar north-south striking conduit further west hosts the Eagle’s Nest copper-nickel base metal deposit previously discovered by Noront Resources Ltd. in 2007. The hole encountered poor ground conditions and had to be halted before reaching its target depth and was wedged off at 1015 metres. This wedge hole, FNCA-13-29W1, was advanced as far as 1051 metres when the hole was stopped and surveyed with a down-hole electro-magnetic system. Results did not warrant any further drilling from this platform.

Drill Results Chromite

Holes FNCB-13-30 to 37 were drilled to further explore the Black Horse chromite mineralization previously discovered by FNC (see Fancamp’s press release dated May 24th, 2011) as well as to test for the eastern extension of the Blackbird chromite mineralization located on the adjoining Noront Resources Ltd. claims (see Noront’s press release dated March 20th, 2012). The holes were drilled to test an approximate 800 metre strike length of the Blackbird – Black Horse horizon on the western most claim of the four-claim Koper Lake Property. The program was successful in confirming that chromite mineralization does exist within the Koper Lake property directly to the east of the adjoining Blackbird deposit owned by Noront Resources and also in extending the Black Horse mineralization outwards from previously drilled (2010) holes FN1025 and FN1026. Further drilling is required in order to understand the spatial relationship of the Blackbird and Black Horse horizons and the continuity and orientation of those mineralized zones.

Highlights

Holes FNCB1330, 32 and 33 were drilled to test the downplunge continuity of chromite mineralization delineated on the adjacent Noront Resources property.

Hole FNCB1330 intersected 45.76 metres of chromite mineralization from 655.5 to 701.26 metres consisting of disseminated, heavily disseminated, semi-massive and massive chromite. This intercept contains two intervals dominated by massive chromite: from 664.67 to 677.65 metres (12.98 metres) and from 685.67 to 696.32 metres (10.65 metres). The weighted average percentage of Cr2O3 of these two intervals is 26.44% and 31.89% respectively.

Hole FNCB1332 encountered a thin band of massive chromite between 656.13 and 659.0 metres. The intercept assayed 34.48% Cr2O3 over 2.87 metres.

Hole FNCB1333 intercepted two intervals dominated by massive chromite, from 695.48 to 721.07 metres (25.59 metres) and from 753.0 to 813.26 metres (60.26 metres). The weighted average percentage of Cr2O3 of these two intervals was 27.98% and 28.31% respectively. These zones were encountered within a broader low-grade horizon of chromite mineralization.

Diamond drill holes FNCB1334 and 36 from the same collar location were drilled to test a shallow gravity anomaly which was interpreted to possibly represent the updip extension of the Black Horse mineralization.

Hole FNCB1334 drilled at -68 degrees encountered disseminated to layered chromite between 127.44 and 144.14. Assay results included 5.66 metres grading 18.51% Cr2O3 (from 137.58 metres to 143.24 metres).

Hole FNCB1336 drilled at -45 degrees intersected massive to heavily disseminated chromite between 126.44 and 132.84 metres. Assay results included 4.01 metres grading 18.56% Cr2O3 (from 126.44 metres to 1304.5 metres)

Holes FNC1335 and 37 were stopped short of target depth. Future plans will include continuing those holes to their completion.

See Table below for summary of assay highlights. Also see attached sketch map of drill hole locations.

ASSAY HIGHLIGHTS
HOLE NUMBER FROM TO INTERVAL Cr2O3
FNCA-13-29 nickel target
FNCA-13-29W1 nickel target
FNCB-13-30 658.40 659.92 1.52 24.42
and 664.67 677.65 12.98 26.44
and 685.67 696.32 10.65 31.89
FNCB-13-31 hole deviated off claim group before targeted depth
FNCB-13-32 656.13 659.00 2.87 34.48
FNCB-13-33 695.48 721.07 25.59 27.98
incl 704.28 720.07 15.79 31.23
and 753.00 813.26 60.26 28.31
incl 761.07 780.03 18.96 35.37
FNCB-13-34 137.58 143.24 5.66 18.51
FNCB-13-35 hole in progress when program was suspended
FNCB-13-36 126.44 130.45 4.01 18.56
FNCB-13-37 hole in progress when program was suspended

Widths reported are drilled widths, true widths of intersections are not discernible to present time

A map is available at the following address: http://media3.marketwire.com/docs/n72kwg2.pdf.

Geophysical Results

The detailed ground magnetometer and gravity surveys have better defined a number of untested targets on the property. The additional geophysical data enhance the possibility of better defining known chromite mineralization as well as testing additional targets.

Future Work

Upon further review and the compilation of relevant data, a follow up program will be developed to further define the chromite horizon as a definable resource as qualified by National Instrument 43101.

Additional drilling and down hole geophysics is recommended to test the C6 anomaly area for additional NickelCopper massive sulphide and chromite deposits.

Additional maps and project details are available on the websites for Bold and KWG at www.boldventuresinc.com and www.kwgresources.com respectively.

Bruce Mackie P. Geo., a Qualified Person (QP) under National Instrument 43-101, is the QP with respect to the nickel-copper massive sulphide and geophysical exploration component of this project and has reviewed and approved the related information within this press release. M.J.(Moe) Lavigne, P.Geo, is the QP with respect to the chromite exploration component of this project and has reviewed and approved the related information within this press release.

Sample Preparation, Analyses and Security

The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill core was NQ in size and assays are completed on split or sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Activation Labs (“Actlabs”), an accredited assay laboratory, in Thunder Bay, Ontario.

Stringent QAQC procedures are followed. Samples are shipped to the laboratory in batches of 35 samples. Each sample batch includes 2 standards, 1 blank, and 1 duplicate that are inserted on site, plus a duplicate coarse reject and 1 duplicate pulp that are prepared at the laboratory and inserted. In addition, Actlabs also employs a rigorous in-house QAQC regime which includes standards, blanks and duplicates.

Once the final assays are received from Actlabs and prior to any data being released to the public, a review of all QAQC data is conducted by an independent qualified person to ensure that the data released are within predetermined norms.

All samples are analysed by Actlabs at either their main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility. Both laboratories are ISO accredited. All samples are:

  • Assayed for Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs code 1C-OES)
  • Assayed for 13 major element oxides, including Cr2O3 by fusion-XRF (Actlabs code 4C).

For additional information on assay methodology visit the Actlabs website at http://www.actlabsint.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.

Cautionary Note Regarding ForwardLooking Statements: This Press Release contains forwardlooking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forwardlooking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forwardlooking statements, except as required by law.

Shareholders are cautioned not to put undue reliance on such forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

OR

Contact Information:
Bold Ventures
416-864-1456
www.boldventuresinc.com


http://www.facebook.com/kwgresourcesinc
http://twitter.com/kwgresources
http://www.youtube.com/KWGresources
http://www.flickr.com/photos/kwgresources


KWG Resources Inc.
Bruce Hodgman
Vice President
416-642-3575
[email protected]

Tags: , , , ,
Posted in All Recent Posts | Comments Off on Bold Ventures Inc.: Initial Drill Program Successfully Extends Blackbird and Black Horse Chromite Zones on the Koper Lake Project in Ring of Fire

« Older Entries
Newer Entries »