Posts Tagged ‘#smallcapstocks’
INTERVIEW: Good Life Networks $GOOD.ca Discusses Q2 Revenues of $3.4M; 123% Increase YoY
Shareholders overwhelmingly approved the Beauce #Gold Fields Spinout Plans and all other matters at AGM $HPQ.ca
- Pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting held last Friday August 10 2018, in Montreal
MONTREAL, Aug. 17, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX Venture:HPQ) is pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting (AGM) held last Friday August 10 2018, in Montreal.
Patrick Levasseur of HPQ Silicon stated, “This shareholder approval for the spin-out will finally unlock the potential gold value of the Beauce gold property…†Mr. Levasseur further stated, “After more than a century of major historical placer gold mining in the Beauce, Beauce Gold Fields will be the first company dedicated in the exploration for a hard rock gold deposit as a source of the historical gold placersâ€
Over 88,548,320 shares representing 44.62 per cent of the 198,463,807 shares issued and outstanding as at the record date were voted.
Results of the AGM votes
- 99.98% approval of the Plan of Arrangement between the Company and Beauce Gold Fields
- The nominees listed in the attached table were re-elected as directors of the corporation to hold office until the next annual meeting or until there successors are elected or appointed.
| Motions | For | Withheld |
| Bernard Tourillon | 99.59% | 0.41% |
| Patrick Levasseur | 99.61% | 0.39% |
| Noelle Drapeau | 99.62% | 0.38% |
| Robert Robitaille | 99.63% | 0.37% |
| Richard Mimeau | 99.49% | 0.51% |
| Peter Smith | 89.12% | 10.88% |
| Daryl Hodges | 99.54% | 0.46% |
- With 99.85 per cent of the vote in favour, Raymond Chabot Grant Thornton LLP, chartered accountants, was appointed auditor of the corporation for the ensuing year.
Bernard Tourillon, chairman, President and CEO, stated: “We extremely pleased with obtaining 44.62-per-cent shareholder participation, up from 42.97 per cent last year. Such a strong vote of confidence for the board and management team during this transition year bodes very well for the future.”
Other Corporate Issues
In accordance with the agreement between HPQ-Silicon and Agoracom, entered into on July 3, 2014, extended by both parties for additional periods ending July 15, 2018 and July 15, 2019 under the same terms and conditions, HPQ-Silicon board has approved the issuance of 156,684 common shares at a deemed price of 9 cents per share to pay $14,125 for services rendered during the period from January 16, 2018 ending April 15, 2018. Furthermore, HPQ board has also approved the issuance of 176,562 common shares at a deemed price of 8 cents per share to pay $14,125 for services rendered during the period from April 16, 2018 ending July 15, 2018.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.
About Beauce Gold Fields
BGF is a wholly owned subsidiary of HPQ Silicon. It is in the process of “Spinning Out” its gold assets into BGF, a new public junior gold company, subject to approval by TSX-V.
The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). The gold in saprolite indicates a close proximity to a bedrock source of gold along with the recent discovery of a fault underneath the historical gold placers, provides possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s. (see HPQ SEDAR-filed report)
A Beauce Gold Fields presentation is available. It can be downloaded via link below:
http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf
This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders. https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Shares outstanding: 203,050,807
For further information contact:
Bernard J. Tourillon, Chairman President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com
CLIENT FEATURE: Star Navigation $SNA.ca Recently Announced STAR-ISAMM™ In-Flight System Aided Medical Monitoring system
The STAR-ISAMM™ prototype has already been demonstrated and Star expects that this will significantly enhance:
- Interfacing with EMS, in the air and on the ground, improving on scene care and care in transit.
- Providing better patient care with a seamless hospital virtual environment. The patient will be already ‘admitted’ to the hospital care service while being transported.
Star intends to start fielding the STAR-ISAMM™ system this year, starting with the helicopter EMS segment.
FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.
Esports Entertainment Group $GMBL To Exhibit For Over 400,000 #Gamers at #gamescom 2018, World’s Largest Gaming Conference $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca
- Company will again be exhibiting at gamescom in Cologne, Germany Aug 21 – 25
- Company’s first ever exhibit at gamescom 2017 surpassed all expectations with the signing of over 60 affiliate esports streamers representing an audience of esports viewers which collectively had over 250 million online video views in the preceding 30 days
- Moreover, gamescom 2017 was the genesis of many of the company’s current key partnerships
ST. MARY’S, Antigua, Aug. 17, 2018 – Esports Entertainment Group, Inc. (GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the Company will again be exhibiting at gamescom in Cologne, Germany Aug 21 – 25. The Company’s first ever exhibit at gamescom 2017 surpassed all expectations with the signing of over 60 affiliate esports streamers representing an audience of esports viewers which collectively had over 250 million online video views in the preceding 30 days. Moreover, gamescom 2017 was the genesis of many of the company’s current key partnerships.
As such, the Company expects an even greater result at gamescom 2018 given the successful launch of VIE.gg, the world’s most transparent and regulated esports betting platform, which has already translated into affiliate marketing agreement with 100 esports teams from around the world, as well as, the appointment of board members and advisors that span the International Esports Federation, DRAFT and DreamHack.
The Company plans to expand on its’ 2018 momentum with several scheduled key meetings and appointments with major esports companies and influencers.
ESPORTS ENTERTAINMENT GROUP EXHIBITING IN PREMIUM BOOTH AND GIVING AWAY PRIZES AS PRO TEAMS AND FANS PLAY AGAINST EACH OTHER
gamescom 2018 will once again be the biggest consumer gaming conference in the world, with approximately 400,000 visitors and 5,500 journalists from 55 countries attending this year. Esports Entertainment Group is exhibiting in a premium 10×20 booth that will host premium events and prizes as follows:
1. Gaming equipment makers Black Pulse Gaming Gear, Tt eSPORTS and GIGA- BYTE Technology  will be giving away thousands of dollars in gear and equipment to fans that compete in our VIE.gg booth, where professional teams will also be competing against each other.
2.  Jenna Lynn Meowri, a world famous cosplay personality with a global social media following of approximately 1,000,000 fans will be attending her first every gamescom. Meowri will be premiering two brand new costumes never seen before and has invited her fans to join her in the Company’s booth.
3. Energy drink producers GoFast! Energy Deutschland  and cool-splash will be providing fans and visitors to our VIE.gg booth with the energy they need to maximize their in-booth fun by giving away thousands of energy drinks.
“We are thrilled to be going back to gamescom as a much bigger and stronger company than last year,” said Grant Johnson, CEO of Esports Entertainment. “gamescom 2017 was a resounding success but we expect to surpass that success this year given our launched platform, esports team partners and Wall Street investment banking support. We are expecting a lot of professional esports players and teams to visit our booth and confident this will translate into further expansion of our VIE.GG Affiliates.”
This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup.
Redchip investor relations Esports Entertainment Group Investor Page:
http://www.gmblinfo.com
About Esports Entertainment Group:
Esports Entertainment Group Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL. For more information visit www.esportsentertainmentgroup.com
Forward-Looking Statements:
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Contact:
Corporate Finance
1-268-562-9111
[email protected]
U.S. Investor RelationsÂ
RedChip
Dave Gentry
407-491-4498
[email protected]
Media & Investor Relations Inquiries
AGORACOM
[email protected]
http://agoracom.com/ir/eSportsEntertainmentGroup
INTERVIEW: Advance Gold $AAX.ca Discusses Newly Acquired Tabasquena #Silver Mine in Zacatecas, Mexico
#Twitch Teams Up With Epic Games for $2M #Fortnite Tournament Series #Esports $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca
- Twitch will host a $2M Fortnite tournament series, featuring Ninja, on its Twitch Rivals channel.
- Four tournaments will take place over the next two weeks—two for North American players, and two for Europe.
- The event is part of Epic Games’ $8M Summer Skirmish Series, which kicked off in July.
Amazon’s livestreaming platform Twitch 
has launched a $2M Fortnite tournament series. The event will be part of the Summer Skirmish Series—a collection of Fortnite tournaments each with its own rules and prize pool. Twitch’s series will be streamed live via its Twitch Rivals esports channel.
The prize pool will be spread across four events, two for North America and two for Europe, each with a $260K share of the total pot. Popular Fortnite streamer Tyler “Ninja†Blevins is listed among the competitors for the first event, which will take place on August 17.
Related Article: Lag and Tedium Leads to Fortnite Summer Skirmish’s Chaotic Start
The prize pool will be spread across four events, each with a $260K share of the total pot.
Twitch Rivals has hosted multiple PLAYERUNKOWN’S BATTLEGROUNDS and Starcraft II tournaments this year, including a PUBG invitational in February with a $100K prize pool. The competitor list for events like these will often include some of the most popular streamers for the game being showcased.
The Fortnite Summer Skirmish Series is an eight-week series of tournaments with a combined $8M prize pool. Its inaugural event was the first tournament officially organized and operated by the game’s developer Epic Games . Unlike PUBG’s Global Invitational, which focused on high level competition from the best esports teams in the world, the focus of the Summer Skirmish thus far has been on invitational events featuring some the game’s most popular streamers and personalities.
Source: https://esportsobserver.com/twitch-rivals-fortnite-tournament/#
Electric car #EV bets boosting #nickel demand, Nornickel says $TN.ca
St-Georges $SX $SX.ca $SXOOF Refutes Allegations Disseminated on Social Medias
- Would like to inform its shareholders that today the Corporation was made aware of false information being disseminated by the principals of Qingdao Tiande Technologies Limited and its affiliates, one of whom is a director of St-Georges
Montreal, Quebec / August 16, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) would like to inform its shareholders that today the Corporation was made aware of false information being disseminated by the principals of Qingdao Tiande Technologies Limited and its affiliates (“Tiande”), one of whom is a director of St-Georges.
The Company has not received this letter directly by any means and cannot verify its source other than its publication on one of Tiande’s websites.
The Corporation refutes all allegations of wrongdoing implied by Tiande and reinstates all the affirmations made in the Corporation’s press release dated August 12, 2018.
The Corporation and its legal counsel believe that St-Georges, and its subsidiary, ZeU Crypto Networks Inc., have complied will all applicable regulations and are preparing a response to the recent vindictive and damaging actions of Tiande. St-Georges will not litigate via social media but through the proper venues and will vigorously defend its interests.
Lastly, the Corporation wants to point out that its most recent interim financial statements will be filed shortly, and this information will confirm the Corporation’s assertions.
ON BEHALF OF THE BOARD OF DIRECTORS
“Vilhjalmur Thor Vilhjalmsson”
VILHJALMUR THOR VILHJALMSSON, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.
The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
$AAO.ca Augusta Subsidary, Paragon Blockchain to Acquire Shares of CareX Blockchain Platform Inc.
- Paragon Blockchain Inc. entered into a non-binding letter of intent with CareX Blockchain Platform Inc.
- Paragon acquires 2 million shares in the capital of CareX in exchange for the issuance of an aggregate of 1,250,000 common shares in the capital of Paragon at a deemed price of $0.20 per Consideration Share.
- CareX is building a new way for people to find and pay for healthcare by utilizing tokens (“CARE Tokens”) on a blockchain platform
Toronto, Ontario–(Newsfile Corp. – August 16, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”) is pleased to announce that its wholly owned subsidiary, Paragon Blockchain Inc. (“Paragon”), has entered into a non-binding letter of intent dated August 12, 2018 (the “LOI”) with CareX Blockchain Platform Inc. (“CareX”), an arm’s length party to the Corporation.
Pursuant to the LOI, Paragon will acquire an aggregate of 2 million shares (the “CareX Shares”) in the capital of CareX in exchange for the issuance of an aggregate of 1,250,000 common shares (the “Consideration Shares”) in the capital of Paragon at a deemed price of $0.20 per Consideration Share.
The acquisition of the CareX Shares and the issuance of the Consideration Shares is subject to a number of conditions, including, but not limited to, the Corporation completing its due diligence investigation of CareX, a share exchange agreement being entered into between CareX, Paragon and the Corporation and the receipt of regulatory approvals.
About CareX
CareX is building a new way for people to find and pay for healthcare by utilizing tokens (“CARE Tokens”) on a blockchain platform. Using its platform, patients can control their health records and purchase healthcare services at a reduced cost, regardless of borders. At the same time, providers can cut their administrative burdens, get paid immediately, and access a global market of customers.
CARE Token holders are able to utilize the CareX wallet to securely host their medical records, granting short-term access to providers as needed and decided. Preliminary unofficial diagnoses to ailments will also be available thanks to CareX’s medically trained AI-based chatbot.
The CareX network brings back a transparent market where all prices and payments are immediate and available. It runs alongside and on top of existing insurance models as a low cost, easy-to-use alternative solution.
About the Corporation
Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”), Paragon and Fox-Tex Canada Inc. (“Fox-Tek”), the Corporation provides a variety of services and products to a number of clients.
Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.
Fox-Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.
Paragon has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to Fox-Tek as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.
Corporation contact:
Allen Lone, President, CEO, Augusta Industries Inc.
Tel: (905) 275 -8111 Ext 226
Email: [email protected]
Assays up to 3.3% Li2O on New Age Metals $NAM.ca and Azincourt Energy $AAZ.ca Lithium Two Project in the Winnipeg River Pegmatite Field SE Manitoba, Multi-Project Update
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August 16th, 2018Â / Rockport, Canada – New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) New Age Metals is pleased to provide an update on the present exploration program with regards to the company’s Manitoba Lithium Projects. The company’s Lithium division, Lithium Canada Developments, has an aggressive exploration and development plan for 2018. NAMs Manitoba projects are financed via an Option/Joint Venture agreement with Azincourt Energy, see Figure 1, page 2.
Lithium Two Exploration Update
Exploration on the project consisted of reviewing, characterising and sampling all the known surface pegmatites. Fractionation samples of feldspars and micas were also collected and this will give the company an indication as to the degree of fractionation of the pegmatite with the more fractionated pegmatites being the bodies that are more conducive to containing Lithium minerals and Rare Metal minerals.
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Figure 1: Manitoba Lithium Projects 2018 – New Age Metals/Azincourt Energy Joint Venture
Lithium Two Project has several known Spodumene bearing pegmatites. The Eagle Pegmatite was drilled in 1947 with a historic (non 43-101 compliant) tonnage estimate of 544,460 tonnes with a grade of 1.4% Li2O to the 61 meter level. The deposit remains open to depth. The FD5 Pegmatite, located east of the Eagle Pegmatite has never been drilled.
Assays results from channel samples on the Eagle Pegmatite returned Lithium assays from 0.5 to 2.9% Li2O. (See Table 1). Assays from Lithium two’s FD5 Pegmatite returned assays from 0.9 to 3.3% Li2O (See Table 2). (For a reference on FD5’s location in regards to the Eagle Pegmatite please see Figure 2 below).
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Table 1: Eagle Pegmatite – 2018 Assays
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Table 1: FD5 Pegmatite – 2018 Assays
In an effort to check the purity of the Spodumene, a sample of Spodumene blades was sampled from the FD5 Pegmatite. This sample yielded an assay of 7.62% Li2 O. A review of Spodumene Mineral Data (http://webmineral.com/data/Spodumene) indicates that Spodumene can have a Li2O content from 3.73 to 8.03% Li2O. This would tend to indicate that the Spodumene present in the pegmatites dykes on the project is of a high purity.
The company also entered into an agreement (News Release- July 11th, 2018) with Grid Metals (formerly Mustang Minerals) for the rights to explore for Lithium and Rare Metals on the claim directly adjacent to the west of the Lithium Two Project as to further examine the strike projection of the Eagle Pegmatite. Phase Two of surface exploration north of Cat Lake will examine this claim, the westward projection of the eagle Pegmatite at surface as well as prospect the recently staked Cat Lake Project claims (News Release – June 6th, 2018).
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Figure 2: Significant Lithium Assays at the Lithium Two Project, SE Manitoba
Compilation of historic assessment reports revealed a Spodumene bearing pegmatite drilled in the late 1940’s approximately 500 meters southeast of the Eagle Pegmatite surface exposure but not exposed on surface. No grades were provided at the time. This pegmatite will be drill tested during the upcoming drill program. The company applied for a drill work permit in the spring of 2018 and is presently waiting for approval from the province.
Even though Lithium is the main focus of the exploration it should be noted that the pegmatites also show elevated Tantalum values that may be of an economic interest. Pegmatites elsewhere on the project did not reveal significant Lithium mineralization; however, several were elevated in Tantalum. Fractionation work is currently be undertaken by the company’s geological consultants. Results will be reported at a later date.
QA/QC Protocol
All samples were analyzed at the Activation Laboratories facility, in Ancaster, Ontario. Samples were prepared, using the lab’s Code RX1 procedure. Samples are crushed, up to 95% passing through a 10 mesh, riffle split, and then pulverized, with mild steel, to 95%, passing 105 ?m. Analyses were completed, using the lab’s Ultratrace 7 Package; a Sodium Peroxide Fusion which allows for total metal recovery and is effective for analysis of Sulphides and refractory minerals. Assay analyses are carried out, using ICP-OES and ICP-MS instrumentation. New Age Metals implemented a QA/QC field program with insertion of blanks at regular intervals. Activation Laboratories has their own internal QA/QC procedures that it carries out for all sample batches.
Lithman North Project Update
The exploration crew has completed surface exploration on the Lithman North Project with 30 samples collected and sent to the assay lab. The Company is awaiting results. Results will be combined with 2016 field work for a final report on the project.
Lithman East Project Update
Presently the field crew is completing exploration on the Lithman East Project where numerous surface pegmatites have been examined and sampled (see Figure 3). As well limited field work has been undertaken on the Lithman East Extension Project.
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Figure 3: Examined Regions on the Lithman East Project
2018 Lithman East Mapped and Sampled Areas (as referenced in Figure 3):
1. Booster Lake Area
2. Flanders-Summerhill Lakes Area
3. Birse Lake-Horodyski Lake Area (Lithman East Extension.)
4. Osis Lake Area
2018 Lithman East-Lithman East Extension site visits observed 114 Individual pegmatite units within 4 regional pegmatite field areas. All pegmatites observed have varying degrees of evolved mineralogy with all observed sites containing potassic feldspar to albite feldspar mineralogy. One trenched site contains Beryl mineral crystallization in an albite pegmatite.
A total of 193 samples have been sent for analysis from Lithman East Project. A total of 17 samples have been sent for analysis from Lithman East Extension sites. Assay analyses returns are pending.
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Figure 4: Booster Lake – Mapped & Inferred pegmatite occurrences
All observed mapped and inferred pegmatites (drawn in white) range from 1 to 3 meters surface thickness with undetermined strike length due to limited outcrop exposure. Some pegmatites measure as wide as 30 meters thickness. The pegmatite units are generally strata form with regional stratigraphic and/or major regional structural fabric, but local late oblique veining also is common.
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Figure 5: Flanders-Summerhill Lakes – Mapped & inferred pegmatite occurrences
All observed mapped and inferred pegmatites (drawn in white) generally range from 1 to 3 meters surface width with undetermined strike length due to limited outcrop exposure. Some pegmatites measure as wide as 30 meters thickness – often with a sinusoidal contact shape indicating favorable fold structural dilation proximal to major fold axial traces. In the Flanders- Summerhill area, pegmatite occurrences increase in population proximal to inferred major fold/fault dilation sites near inferred axial traces.
The pegmatite units are generally strata form with regional stratigraphic and/or major regional structural fabric, but local late oblique veining also is common.
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Figure 6: Birse Lake (Lithman East Extension) – Mapped & Inferred pegmatite occurrences
All observed mapped and inferred pegmatites (drawn in white) generally range from 1 to 10 meters surface width with undetermined strike length due to limited outcrop exposure. South of Horodyski Lake, some albite pegmatites measure as wide as 250 meters surface width – often with a sinusoidal contact shape indicating favorable fold structural dilation proximal to major fold axial traces. South of the Horodyski Lake area, significant widths of albite pegmatite occurrences may represent a flattened axial trace proximity similar to and regionally aligned with the Tanco Pegmatite.
The pegmatite units are generally strata form with regional stratigraphic and/or major regional structural fabric, but local late oblique veining also is common.
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Figure 7: Osis Lake – Mapped & Inferred pegmatite occurrences
All observed mapped and inferred pegmatites (drawn in white) range from 1 to 10 meters surface thickness with undetermined strike length due to limited outcrop exposure. North and East of Osis Lake, some albite pegmatites measure as wide as 250 meters surface width – often with a sinusoidal contact shape indicating favorable fold structural dilation proximal to major fold axial traces. Significant widths of albite pegmatite occurrences may represent an axial trace proximity.
The pegmatite units are generally strata form with regional stratigraphic and/or major regional structural fabric, but local late oblique veining also Is common.
Joint Venture Agreement
In January of 2018, NAM announced a signed final agreement with Azincourt Energy Corp. (TSX.V: AAZ) for the Manitoba Lithium Projects. (News Release: January 15th, 2018) This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field for Lithium. Azincourt Energy Corp. as our option/joint venture is financed for and has committed to a minimum of $600,000 to be expended on exploration in Manitoba for 2018.
OPT-IN LIST
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ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated Mineral Resources of 160 million tonnes @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a PdEq metal grade of 0.90 g/t at a cut-off grade of 0.4 g/t PdEq equating to 3,297,000 ounces PGM plus Gold and 4,626,000 PdEq Ounces (Table 1). This equates to 4,626,250 PdEq ounces M+I and 2,714,000 PdEq ounces in Inferred (see May 8th, 2018 press release). NAM is currently conducting Phase 4 of their proposed 2018 exploration and development program. The current program is based on recommendations of previous geophysical studies and reviews by the company’s consultants, recent drilling, ongoing advanced metallurgical and minerology studies and selective pit design drill programs. The results of Phase 4 will assist in early PEA work being conducted by P&E Mining Consultants Inc and DRA Americas Inc and is meant to contribute towards the River Valley PEA. Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM’s directors, will oversee the completion of the PEA. On July 25th, 2018, NAM announced that P&E Mining Consultants will lead the Preliminary Economic Assessment (PEA) on the 100% owned River Valley PGM Project. This will be the first economic study completed on North America’s largest undeveloped primary PGM project. For more details on this announcement please click here. See the most recent press releases for the River Valley Project PEA dated July 25, 2018 and August 1, 2018.
On April 4th, 2018, NAM signed an agreement with one of Alaska’s top geological consulting companies. The companies stated objective is to acquire additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to the April 4th agreement. The Genesis PGM Project is a road accessible, under explored, highly prospective, multi-prospect drill ready Palladium (Pd)- Platinum (Pt)- Nickel (Ni)- Copper (Cu) property. A comprehensive report on previous exploration and future phases of work is slated for completion by early August 2018 on Genesis. This report will be completed by Avalon Development of Fairbanks Alaska.
After the Avalon report has been submitted to NAM, management will then actively seek an option/joint-venture partner for this road accessible PGM and Multiple Element Project using the Prospector Generator business model.
The results of the updated Mineral Resource Estimate for NAM’s flagship River Valley PGM Project are tabulated in Table 1 below (0.4 g/t PdEq cut-off).
| Class | Tonnes
‘,000 |
Pd (g/t) | Pt (g/t) | Rh (g/t) | Au (g/t) | Cu (%) | Ni (%) | Co (%) | PdEq (g/t) |
| Measured | 62,877.5 | 0.49 | 0.19 | 0.02 | 0.03 | 0.05 | 0.01 | 0.002 | 0.99 |
| Indicated | 97,855.2 | 0.40 | 0.16 | 0.02 | 0.03 | 0.05 | 0.01 | 0.002 | 0.83 |
| Meas +Ind | 160,732.7 | 0.44 | 0.17 | 0.02 | 0.03 | 0.05 | 0.01 | 0.002 | 0.90 |
| Inferred | 127,662.0 | 0.27 | 0.12 | 0.01 | 0.02 | 0.05 | 0.02 | 0.002 | 0.66 |
| Class | PGM + Au (oz) | PdEq (oz) | PtEq (oz) | AuEq (oz) |
| Measured | 1,440,200 | 1,999,600 | 1,999,600 | 1,136,900 |
| Indicated | 1,856,900 | 2,626,700 | 2,626,700 | 1,463,800 |
| Meas +Ind | 3,297,200 | 4,626,300 | 4,626,300 | 2,600,700 |
| Inferred | 1,578,400 | 2,713,900 | 2,713,900 | 1,323,800 |
Notes:
- A.CIM definition standards were followed for the resource estimation.
- B.The 2018 Mineral Resource models used Ordinary Kriging grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
- C.A base cut-off grade of 0.4 g/t PdEq was used for reporting Mineral Resources.
- D.Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au, $1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
- E.Numbers may not add exactly due to rounding.
- F.Mineral Resources that are not Mineral Reserves do not have economic viability.
- G. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
ABOUT NAM’S LITHIUM DIVISION
The summer exploration plan has begun for the company’s Lithium Division, Lithium Canada Development. NAM has 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba, with focus on Lithium-bearing Pegmatites. Three of the projects are considered drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal projects in the Winnipeg River Pegmatite Field.
QUALIFIED PERSON
The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release with regard to technical aspects of the Lithium Division.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
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