Posted by AGORACOM-JC
at 12:25 PM on Monday, March 25th, 2019
SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information
NBUD: CSE
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CBD is booming. But US farmers struggle to keep up with demand for industrial hemp
Retail sales of cannabis-compound CBD are expected to reach $16 billion by 2025, according to Cowen.
Growing industrial hemp is incredibly expensive and inefficient. Lab tests aren’t always accurate.
Retailers are receiving a flood of pitches as people try to take advantage of the so-called green rush.
Geoffroy Van Der Hasselt | AFP | Getty Images
Oils containing CBD (Cannabidiol) are seen in a shop in Paris on June 14, 2018.
It’s Hollywood’s new favorite beauty product. It’s the superfood du
jour. Demand for CBD is so strong that companies are scrambling to
infuse their products with it, but the CBD they’re finding isn’t all
that great.
Congress legalized industrial hemp in December. With it, they also
legalized hemp-derived CBD, short for cannabidiol, a cannabis compound
that supposedly delivers the calming effects of marijuana without the
high from THC.
Last year, retail sales of CBD consumer products in the U.S. were
estimated at between $600 million and $2 billion, according to
investment research firm Cowen. The bank conservatively forecasts sales
to reach $16 billion by 2025, with health and wellness products leading
the way and food, beverage, beauty and vapor to also play a role.
From seed to CBD
The current supply chain — from plants, to extraction, to labs — is
riddled with issues. And the nascent industry is trying to work through
the kinks at the same time demand is ramping up, leaving producers
frustrated and consumers stuck trying to sift good products from bad
ones.
“There are huge challenges to producing the industrial hemp required
for meeting the demand,” said George Weiblen, a professor at the
University of Minnesota who has been studying cannabis since 2002. “It’s
not as simple as growing tomatoes. It’s just not. … The possibility
of failure to produce quality cannabis extracts is huge.”
Decades of modern farming techniques have tamed staple crops like
corn and wheat. Farmers know what to expect when they plant these crops
and can follow a pretty straightforward set of guidelines when they grow
them. With hemp for CBD, not so much.
More religion than science
People have been growing hemp illegally for years. Farmers have kept
their operations quiet and developed their own techniques that are all a
little different, said Christian Cypher, a senior vice president at Pyxus International who is leading the agriculture company’s cannabis work.
“Growing hemp has been more religion than science,” he said.
Most hemp farmers are growing the plant like a tomato, a process
that’s expensive and intensive, said David Williams, an agronomist at
the University of Kentucky who studies hemp. This model works for
marijuana because you want the flower to look and smell nice. For hemp
that will be used to extract CBD, this system is incredibly expensive
and unnecessary since you only care about what’s inside the flower,
Williams said.
“If the molecule is of interest and becomes broadly distributed, it
will need to be far more efficient than what we have today,” he said.
Incredibly expensive
Industrial hemp produces such small amounts of CBD that growing it
and harvesting it to extract the molecule is incredibly expensive. One
Canadian certified industrial hemp strain produced an average of 0.6
percent CBD and 0.03 percent THC, according to a study Weiblen
conducted.
Arcadia Biosciences,
a company that has bred wheat to be more fibrous, recently entered the
cannabis space with the aim of growing hemp that produces more CBD and
no or reliably low THC. Federal law says CBD is legal so long as it
contains less than 0.3 percent THC.
“We think that’s a significant opportunity,” said Matt Plavan, chief
financial officer of Arcadia and president of the new cannabis-focused
unit, Arcadia Specialty Genomics.
A ‘green rush’
Farmers won’t find out how much THC their plants produce until
they’re harvested, dried and the CBD is extracted. During this process,
the CBD becomes concentrated and the THC gets dragged along with it,
Weiblen said, possibly to the point where the amount of THC exceeds the
legal limit.
With CBD coming into vogue, some are latching onto the trend and cutting corners along the way.
Numerous studies, including from federal regulators, have found a
slew of products don’t contain the amount of CBD they say they do.
There aren’t any federal laws requiring companies to test CBD,
whether it goes into beauty or food products. Some farmers or
manufacturers send their extracts in anyway, and they’re learning that
lab tests are working through a similar learning curve as the rest of
the supply chain.
Vastly different results
Chris Padulo, a farmer in Vermont who started growing hemp last year,
sent samples to four different labs and got “vastly different results”
from each. One lab said the plant he sent in contained 8 percent CBD.
Another one said it contained 16 percent. The two others said it landed
somewhere in the middle.
“I figured science is science,” he said. “There are no consistencies.”
Retailers say they’re constantly receiving pitches from people asking
to put their products on shelves. Chris Burton, retail partner manager
at online CBD store HelloMD, grills brands on where their hemp is grown,
how the CBD is extracted, where their lab tests are and more.
Wild West
“Some say their CBD is the best possible and when you ask how they know they can’t answer questions,” Burton said.
Consumers shopping for CBD will find a slew of terms: isolate, full
spectrum, water soluble and more, with each claiming to be better than
the other. Brands are trying to differentiate themselves and prove their
products are legit, especially as they introduce people to an entirely
new category.
Burton says this “green rush” worries him that people seeing dollar
signs are moving as fast they can to brings products to market.
“It’s really just the wild west out there,” he said.
Tags: CSE, Hemp, stocks, tsx, tsx-v Posted in All Recent Posts, North Bud Farms Inc | Comments Off on North Bud Farms Inc. $NBUD.ca – CBD is booming. But US farmers struggle to keep up with demand for industrial hemp $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM-JC
at 11:07 AM on Monday, March 25th, 2019
SPONSOR: Esports Entertainment
$GMBL Esports audience is 350M, growing to 590M, Esports wagering is
projected at $23 BILLION by 2020. The company has launched VIE.gg
esports betting platform and has accelerated affiliate marketing
agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB
———————–
$50M esports arena coming to Philadelphia
The Fusion Arena, to open in 2021, will be home to the Philadelphia Fusion team that competes in the Overwatch League.
Photo: comcast spectacor
Comcast Spectacor and The Cordish Cos. are building a $50 million, 3,500-seat esports arena in Philadelphia
The Fusion Arena will be next to Wells Fargo Center, Lincoln Financial Field, Citizens Bank Park and the mixed-use Xfinity Live development
“We’re thrilled to introduce a venue like no other as we move forward with the next phase of development within the Philadelphia Sports Complex,†said Dave Scott, Comcast Spectacor’s chairman and CEO.
Xfinity Live is also a joint venture between Comcast Spectacor and
Cordish, which specializes in real estate developments around stadiums
and arenas.
Architecture firm Populous designed the 60,000-square-foot venue,
which will be home to the Philadelphia Fusion, an esports team owned by
Comcast Spectacor that competes in the Overwatch League. The league
wants its teams to play in their home markets next year. The Fusion are
looking at playing at other venues in Philadelphia while the new esports
venue is being built.
Construction will start this summer on a site currently used as a
parking lot and the venue is scheduled to open in 2021. The Fusion
facility will have a 10,000-square-foot esports training facility as
well as two balcony bars, a broadcast studio and premium boxes and
suites.
The venue will be rigged to also host small concerts, comedy shows
and corporate events, said Joe Marsh, chief business officer for Comcast
Spectacor’s gaming division and the Fusion.
Populous also designed the $10 million Esports Stadium Arlington, a
100,000-square-foot gaming space built at the Arlington Convention
Center hear Dallas.
“We’ve reached a place now where there is a need for purpose-built
esports venues,†said Brian Mirakian, a senior principal with Populous.
“This project represents the prototype of the future.â€
Cordish
Principal Blake Cordish expects to see more esports projects like the
one in Philadelphia. “This flagship esports venue will perfectly
complement the surrounding anchors in the Philadelphia Sports Complex,â€
Cordish said. “The Cordish Cos. is extremely bullish about the future of
esports, especially when integrated into mixed-use, sports-anchored
developments.â€
Posted by AGORACOM-JC
at 10:00 AM on Friday, March 22nd, 2019
Tartisan Nickel (TN:CSE) Kenbridge Property has a measured and
indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33%
copper. Tartisan also has interests in Peru, including a 20 percent
equity stake in Eloro Resources and 2 percent NSR in their La Victoria
property. Click her for more information
TN:CSE
———————
Chinese electric vehicle makers are gorging on nickel
Battery metals tracker Adamas Intelligence says Chinese electric vehicle manufacturers deployed 253% more nickel in passenger EV batteries in January this year compared to 2018.
The Dutch-Canadian research company, which tracks EV registrations and battery chemistries in more than 80 countries says the jump is due to an ongoing shift from lithium iron phosphate (LFP) to nickel-cobalt-manganese (NCM) cathodes. The average EV registered in China in January 2019 contained nearly double the mass of battery metals/materials as the year prior
First generation NCM batteries contained around a third cobalt with a
chemical composition of 111 – 1 part nickel, 1 part cobalt and 1 part
manganese, but NCM batteries with higher nickel content (622 and 523
chemistries) have become standard in China.
According to Adamas, China is now the the largest market for
passenger EV battery nickel, ahead of Japan and the US, which were the
two largest markets in January 2018. Nickel used in car batteries jumped
88% in Germany and 54% in the US year-on-year.
The EV boom in China is only accelerating, and Adamas says despite
being a seasonally slow month in January 2019, 3.27 GWh of passenger EV
battery capacity was deployed in the world’s largest car market, an
increase of 439% over January 2018 levels:
Even more remarkable, from January 2018 through January 2019, the
sales-weighted average passenger EV battery capacity in China increased
by a staggering 95%, from 14.9 kWh to 29.1 kWh, meaning that the average
EV registered in China in January 2019 contained nearly double the mass
of battery metals/materials as the year prior.
The price of nickel is up more than 20% in 2019 as stocks held in
warehouses around the world registered with the London Metal Exchange
fall to multi-year lows.
Tags: nickel, stocks, tsx, tsx-v Posted in All Recent Posts, Tartisan Nickel | Comments Off on Tartisan Nickel Corp. $TN.ca – Chinese electric vehicle #EV makers are gorging on #nickel $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM-JC
at 9:43 AM on Thursday, March 21st, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Will The Global Blockchain Technology Market Be Worth $20 Billion By 2024?
As per a recent press release by market intelligence and research firm, Transparency Market Research, the global blockchain technology
market could be worth $20 billion by the year 2024. The report also
notes that the global blockchain technology market stood at $315.9
million in 2015.
The idea is, if the blockchain technology market can rise at an
astonishing compound annual growth rate of 58.9% per year, then the
total blockchain technology market will be able to attain a valuation of
US$20 billion by 2024.
The blockchain technology market is very fragmented in nature in the
sense that most of it is still mostly unexploited. This is because of
the presence of what Transparency Market Research explains to be several
new startups as well as well-known heavyweights, in the market.
Companies are pushing time and boundries just to get their hands on as
much share of the market as possible.
Not only has this relatively new and fresh industry, given life to a
multitude of startups, it has also grabbed the attention of global tech
giants like Microsoft, IBM, Intel, and Amazon, just to name a few.
The report further points out that North America will most likely
take the lead in the blockchain market in the coming years. It read,
‘On the basis of geography, North America is expected to lead the
global blockchain technology market in the coming years. This is mainly
because of the presence of several players in the region and rising
adoption of cryptocurrency
in retail and other distribution chain. Based on application, Private
Blockchain technology market is projected to hold maximum share in the
market.’
Recent reports reveal that Kevin McCarthy, the Republican Minority
Leader in the United States House of Representatives, believes that
blockchain can make the U.S. Congress a more efficient and transparent
place. He said,
‘Blockchain is changing and revolutionizing the security of the
financial industry. Why would we wait around and why wouldn’t we
institute blockchain on our own, to be able to check the technology but
also the transparency of our own legislative process?’, he said.
How online education is leveraging AI to offer greater benefits?
Online education has managed to reform classrooms and teaching methods.
Artificial Intelligence has proven its role in various industries including manufacturing, healthcare and education. AI can bring unimaginable transformation.
Online education has managed to reform classrooms and teaching methods. Yet expecting to see true disruption of education. Artificial Intelligence has proven its role in various industries including manufacturing, healthcare and education. AI can bring unimaginable transformation.
The online education model simply paved over the older methods with
technology, utilizing AI with advanced algorithms, provide adaptive
learning. CiOL spoke to Diwakar Chittora, CEO & Founder, Intellipat
to understand the education sector and how AI is helping students to
gain most knowledge possible.
How AI adoption can change online education?
AI has automated the industry to a great extent, helping both
students and teachers in gaining the most out the immense opportunity,
all while democratizing education amongst all. While they focus the
learning outcome of the student, helping students gain the most
knowledge possible, for teachers, they provide an in-depth analysis on
how to improve their learning delivery and ways, thereby empowering
educators to maximize their skill set.
What are the key security hurdles for online education Industry?
Online education was initially, in dire needs of security awareness
because of the very nature of its structure. Being entirely online
encompasses the administration process, making it liable to sensitive
information. Now, with the addition of AI into the system, the security
gaps are being bridged and the framework is being bolstered with quality
protection.
Which online certification has higher interest? And its future scope?
In the current job scenario where the value of a candidate depends
upon an impactful CV, a relevant certification can add the much required
USP into a lifeless resume. In our endless interaction with students,
we have seen the trio of Data Science, Machine Learning and Artificial
Intelligent being the high points of interest.
Also cloud certifications such as AWS, DevOps, Azure and for
programming languages, Python are high in demand by both learners and
recruiting organization. This interest is not unfounded- Data Science,
along with Artificial Intelligence and Machine Learning, has become
crucial, owing to its role in improving business and decision makings,
while providing the biggest edge over the competitors.
Predictions for online education industry
The whole market is improving year by year, with a CAGR increase of
approximately 10-15 % boost and an upcoming boost 15-20% to be seen.
Now, the present year will see a further rise in the demand of Data
scientists, in integral positions of the business framework.
Apart from being the leading software producer of the world, India
has risen to become the leading generator and provider of IT- empowered
engineers, who creating an impact on how the world conducts business.
All this, coming together will empower the system creating ripples in
the framework of education.
Posted by AGORACOM-JC
at 8:43 AM on Thursday, March 21st, 2019
Confirms the start of an OEM co-marketing agreement for the HeartCheck™ Palm handheld ECG device, the Company’s newest GEMS™ Mobile ECG app (“GEMSTM Mobile“) enabled ECG device
The HeartCheck™ Palm will be the Company’s third US Food and Drug Administration (“FDA“) cleared HeartCheck™ branded handheld ECG device for over-the-counter (“OTC”) sales.
ECG Device Manufacturer Partnerships Grow as FDA Cleared GEMS(TM) Mobile Smartphone ECG App Expands Device Access to Consumer and Telemedicine Cardiac Monitoring Solutions
Toronto, Ontario–(March 21, 2019) – CardioComm Solutions, Inc.(TSXV: EKG) (“CardioComm” or the “Company“), a leading global provider of consumer heart monitoring and electrocardiogram (“ECG“) acquisition and management software solutions, confirms the start of an OEM co-marketing agreement for the HeartCheck™ Palm handheld ECG device, the Company’s newest GEMS™ Mobile ECG app (“GEMSTM Mobile“) enabled ECG device. The HeartCheck™ Palm will be the Company’s third US Food and Drug Administration (“FDA“) cleared HeartCheck™ branded handheld ECG device for over-the-counter (“OTC”) sales.
The HeartCheckTM Palm has a colour display and can record and save
medical grade ECGs of 10 to 30 seconds in duration which are controlled
through GEMSTM Mobile. Saved ECGs can be reviewed on the device and then
transferred to a Smartphone. The ECG trace colour will change from red,
to yellow, to green, to confirm the ECG recording quality. Recording
time starts once the ECG waveform is green.
GEMSTM Mobile is a slimmed down version of the Company’s
hospital-based Global ECG Management System (GEMSTM) software and holds a
unique market position as the only FDA cleared ECG management
Smartphone app that supports multiple manufacturers’ ECG monitoring
devices.
GEMS™ Mobile provides HeartCheck™ ECG device users the ability to
generate free, medical-grade ECG PDFs in near-real-time. GEMS™ Mobile
users also have access to CardioComm’s SMART Monitoring ECG reading
service through which they can request a professional review of their
ECG to confirm the presence or absence of arrhythmias.
CardioComm will continue to develop ECG device manufacturer
partnerships to expand the medical usability of these third party
devices and to bring cost effective, innovative and credible cardiac
monitoring solutions to the remote patient monitoring, consumer and
clinical trials markets. CardioComm acknowledges the cooperation of
Contec Medical Systems and BORSAM Biomedical Instruments as the original
device manufacturers of the HeartCheck™ Palm and HeartCheck™ CardiBeat
respectively.
GEMS™ Mobile is now available on the App Store and Google Play. The
Company is pleased to announce that it has already received expressions
of interest in the new devices from several prospective customers.
To learn about pre-orders for the HeartCheck™ device with free ECG
reviewing packages included and for further updates regarding GEMSTM
Mobile ECG device partnerships please see the Company’s websites at www.theheartcheck.com and www.cardiocommsolutions.com.
CardioComm Solutions‘ patented and proprietary technology is used in products for recording, viewing, analyzing and storing electrocardiograms for diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an external distribution network and a North American-based sales team. CardioComm Solutions has earned the ISO 13485 certification, is HIPAA compliant and holds clearances from the European Union (CE Mark), the USA (FDA) and Canada (Health Canada).
This release may contain certain forward-looking statements and
forward-looking information with respect to the financial condition,
results of operations and business of CardioComm Solutions and certain
of the plans and objectives of CardioComm Solutions with respect to
these items. Such statements and information reflect management’s
current beliefs and are based on information currently available to
management. By their nature, forward-looking statements and
forward-looking information involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the
future and there are many factors that could cause actual results and
developments to differ materially from those expressed or implied by
these forward-looking statements and forward-looking information.
In evaluating these statements, readers should not place undue
reliance on forward-looking statements and forward-looking information.
The Company does not assume any obligation to update the forward-looking
statements and forward-looking information contained in this release
other than as required by applicable laws, including without limitation,
Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Tags: CardioComm, EKG, mhealth, stocks, tsx, tsx-v Posted in All Recent Posts, CardioComm Solutions | Comments Off on CardioComm Solutions $EKG.ca Leverages the GEMS(TM) Mobile ECG App to Bring a Third FDA Cleared HeartCheck(TM) Branded ECG Device to the US Consumer Markets $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca
Posted by AGORACOM-JC
at 3:21 PM on Wednesday, March 20th, 2019
Investment Highlights
Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property
Kenbridge Ni Project (ON, Canada)
Advanced stage deposit remains open in three directions, is
equipped with a 623m deep shaft and has never been mined.
Preliminary Economic Assessment completed and updated returned robust project economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits.
Plans for Kenbridge include updating PEA,
advancing the project through to feasibility and exploring the open
mineralization at depth
FULL DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 11:20 AM on Wednesday, March 20th, 2019
SPONSOR: New Age Metals Inc. (TSX-V: NAM) owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Learn More.
NAM: TSX-V
———————
Palladium prices hit yet another fresh record high Tuesday, topping $1,600 an ounce for the first time, and traders are looking for still more gains in a market described as tight.
“Palladium has rapidly run on a broad supply shortage, seeing prices rise almost 90% since the bull run accelerated from August last year,†said a research note from commodities brokerage SP Angel.
Palladium, historically the cheapest of the precious metals, has
raced to large price premiums over both gold and platinum. As of 10:08
a.m. EDT, spot palladium was trading up $14.20 to $1,590.55 an ounce
after peaking overnight at $1,601.45.
“Palladium has rapidly run on a broad supply shortage, seeing prices
rise almost 90% since the bull run accelerated from August last year,â€
said a research note from commodities brokerage SP Angel.
One of the most recent drivers of higher prices is news reports that
Russia is planning to stop exports of scrap precious metals from May to
November. Along with South Africa, Russia is one of two largest
producers of palladium in the world.
The worries about supplies come at a time when automotive demand for
palladium in catalytic converters has been robust. Even when car sales
weaken, analysts point out that yet another factor is boosting demand –
increased loadings of metal in each vehicle in order to meet more
stringent anti-emissions regulations in a number of key nations.
One U.S. desk trader commented that time will tell whether the Russia
development will have a meaningful impact on palladium, but
nevertheless said that “nerves are fragile,†and thus market
participants feel most comfortable holding long, or bullish positions.
“Availability of metal is very scarce,†Afshin Nabavi, head of trading at trading house MKS (Switzerland) SA., told Kitco News.
Still, he added, the continued backwardation is not as dramatic as it
was a month ago. Backwardation in any commodity occurs when nearby
prices are more expensive than deferred contracts, showing that users
are willing to pay a premium in their efforts to get the commodity right
away.
“In addition to the growing supply angst, large automakers have
announced price cuts to their vehicles sold in China after the nation
announced that it will reduce the VAT [value-added] tax by three points —
spurring hopes that car sales in the Middle Kingdom, which have been
horrible of late, could see a path towards recovery,†said a research
note from TD Securities.
Analysts with Commerzbank attribute much of palladium’s strength to speculative buying interest.
Johnson Matthey last month issued a report saying that the market
remained in a supply/demand deficit in 2018. The firm reported record
demand of 8.66 million ounces for the metal in automotive catalysts and
also strong consumption by the chemicals industry.
Some of the demand was met by disinvestment from exchange-traded
funds, Johnson Matthey said. However, with ETFs holding only 730,000 at
the end of 2018, compared to nearly 3 million at their peak in 2014,
there is not enough metal to bridge the gap between industrial demand
and supplies, Johnson Matthey said. Thus, the deficit in the palladium
market is likely to “widen dramatically in 2019,†the firm said.
“Excluding investment, the underlying ‘structural’ deficit in
palladium is forecast to approach 1 million ounces in 2019; even if all
remaining ETF holdings were liquidated, this would not be sufficient to
fill the shortfall,†Johnson Matthey said.
Gero and Nabavi are among those who look for more gains.
Nabavi commented that the $1,600 area might act as resistance for a
while. But if this is breached, “we could head to much higher levels,â€
he said. This especially will be the case as long as there are not new
sources of supply, but demand remains robust, he added.
Some analysts have even suggested that $2,000 an ounce is possible,
Nabavi said, but he added that this will “take a bit of time.†He
described the price rise as having order on the charts, with prices
coming back to fill any chart gaps that get left behind.
“I expect more of the same,†Gero told Kitco News. “I expect
tightness. I expect continued higher prices as we see less bars coming
to the [New York Mercantile) Exchange for delivery.â€
Palladium tends to end up in “sponge,†a powdery/grainy form that can
be used by industry, he explained. And, he continued, strong demand is
coming from China for both batteries and automobiles.
Tags: palladium, PGM, stocks, tsx, tsx-v Posted in New Age Metals | Comments Off on New Age Metals Inc. $NAM.ca – Record-Setting Palladium Outshines Gold, Other Precious Metals $WG.ca $XTM.ca $WM.ca $PDL.ca $GLEN
Posted by AGORACOM-JC
at 8:11 AM on Wednesday, March 20th, 2019
2018 drilling program a total success, expanding the size of the McKenzie Break deposit and confirming its high-grade potential.
Visible gold found in 17 of the 61 holes, including hole MK-18-196,
which intersected 265.00 g/t Au over 0.6 metres, and hole MK-18-216 with
93.80 g/t Au over 0.5 metres
Highlights of the third and last set of results for the 13,945-metre 2018 diamond drilling program:
Hole MK-18-236: 12.60 g/t Au over 1.35 metres, incl. 55.90 g/t Au
over 0.3 metres, and 13.40 g/t Au over 2.0 metres, incl. 26.40 g/t Au
over 1.0 metre
Hole MK-18-231: 15.74 g/t Au over 1.5 metres
Hole MK-18-222: 13.95 g/t Au over 1.0 metre
Hole MK-18-232: 6.84 g/t Au over 2.0 metres, incl. 13.65 g/t Au over 1.0 metre
MONTREAL, March 20, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third and last set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the last 20 holes totalling 5,052 metres of core (see table below and press releases dated February 28, 2019  and March 13, 2019 for a compilation of the 2018 assay results).
“With the solid high-grade results obtained from our 2018 drilling
program, we have upgraded the status of McKenzie Break as one of our
prime advanced exploration projects,” said Jean-Marc Lacoste,
President and Chief Executive Officer of Monarch. “The program
delivered beyond our expectations, enabling us to establish that the
deposit remains open to the west, east, north and at depth and continues
to hold excellent high-grade gold potential (see plan view and longitudinal).
In fact, the next resource estimate has the potential to expand the
underground deposit by 250 metres to the east, 100 metres to the north
and 50 metres to the west. There is still a lot of exploration work to
be done to fully assess the size and magnitude of this deposit, which
remains largely underexplored. We are presently analyzing the results of
the 2018 drilling and planning the follow-up program for 2019.”
Hole MK-18-236 returned 12.60 g/t Au over 1.35 metres, including
55.90 g/t Au over 0.3 metre at 80 metres below surface. This interval is
65 metres southeast of hole MK-18-210, which returned a grade of 12.50
g/t Au over half a metre from the same horizon as hole MK-18-236,
thereby extending the lens to the east and showing that it is still
open. Hole MK-18-236 also intersected another lens, at a depth of 145
metres from surface, with values of 13.40 g/t Au over 2.0 metres,
including 26.40 g/t Au over 1.0 metre, and 75 metres north, on the same
horizon, hole MK-18-232 returned values of 6.84 g/t Au over 2.0 metres,
including 13.65 g/t Au over 1.0 metre. These two intersections are
connected by hole MK-18-211, 100 metres northwest of hole MK-18-236. The
combination of these three holes on the same horizon will increase the
underground resource in this sector.
Hole MK-18-231, which returned a grade of 15.74 g/t Au over 1.5
metres, is to the north of the planned Green Zone open pit, in the
middle of a triangle of three holes drilled by Monarch in 2018. These
four holes are interpreted as being connected and are on the same
horizon, creating a new lens. The three other holes are an average of 65
metres from hole MK-18-231 and grade an average of 5.42 g/t Au. The
lens lies 200 metres below surface.
Hole MK-18-222 returned a grade of 13.95 g/t Au over 1.0 metre from
68 metres below surface. This intersection is 70 metres northwest of the
Green Zone open pit and will help to increase the underground resource.
Third set of drill results for the McKenzie Break property:
Hole
Length
From
To
Width*
Grade Au
number
(m)
(m)
(m)
(m)
(g/t)
MK-18-222
177
64.1
65.0
0.9
5.14
68.0
69.0
1.0
13.95
102.0
103.0
1.0
4.68
141.0
142.5
1.5
5.40
Including
141.0
141.5
0.5
14.00
MK-18-223
150
20.7
22.6
1.9
6.18
Including
21.6
22.1
0.5
8.99
65.4
66.3
0.9
2.03
69.6
70.6
1.0
3.69
100.5
105.1
4.6
2.18
Including
102.8
103.9
1.1
3.95
122.8
125.3
2.5
2.19
Including
124.0
125.3
1.3
3.17
MK-18-224
210
174.0
178.0
4.0
2.75
Including
177.0
178.0
1.0
6.11
MK-18-225
210
68.0
68.5
0.5
8.11
175.0
176.3
1.3
2.42
MK-18-226
276
244.55
246.5
1.95
3.09
Including
246.0
246.5
0.5
9.58
274.1
275.0
0.9
2.70
MK-18-227
228
101.0
101.5
0.5
3.86
168.7
171.8
3.1
0.89
Including
170.5
171.1
0.6
2.74
MK-18-228
216
34.0
37.0
3.0
2.42
88.0
89.0
1.0
9.37
MK-18-229
243
103.0
104.0
1.0
2.79
196.0
198.0
2.0
1.61
Including
197.0
198.0
1.0
2.39
MK-18-230
270
152.0
153.0
1.0
3.54
175.5
176.2
0.7
2.59
198.0
200.0
2.0
3.84
Including
199.0
200.0
1.0
6.20
MK-18-231
258
197.0
198.5
1.5
17.45
197.0
211.0
14.0
2.38
MK-18-232
252
158.0
160.0
2.0
6.84
Including
159.0
160.0
1.0
13.65
188.0
189.0
1.0
3.25
MK-18-233
247
137.75
138.5
0.75
1.36
MK-18-234
276
234.0
235.8
1.8
7.80
Including
235.0
235.8
0.8
17.30
MK-18-235
269
138.0
139.0
1.0
2.19
244.65
248.0
3.35
3.83
Including
244.65
245.4
0.75
10.60
MK-18-236
288
77.65
79.0
1.35
12.6
Including
77.65
77.95
0.3
55.9
143.0
145.0
2.0
13.40
Including
143.0
144.0
1.0
26.40
236.0
236.55
0.55
3.10
277.0
279.0
2.0
2.36
281.0
282.0
1.0
2.05
MK-18-237
300
249.7
250.7
1.0
2.42
261.7
262.25
0.55
2.67
MK-18-238
300
172.6
173.3
0.7
2.26
228.0
228.5
0.5
2.19
259.8
261.0
1.2
2.72
MK-18-239
306
199.0
200.0
1.0
3.57
204.4
205.5
1.1
2.10
MK-18-240
324
176.8
178.3
1.5
5.90
Including
176.8
177.3
0.5
17.5
182.8
183.7
0.9
4.09
MK-18-245
252
123.4
125.3
1.9
1.07
*The width shown is the core length. True width is estimated to be 90-100% of the core length.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit
hosted in the dioritic Pascalis batholith and underlain by porphyritic
diorite and mafic and felsic volcanic rocks. On June 14, 2018,
the Corporation reported an NI 43-101 pit-constrained resource of
48,133 ounces in the Indicated category and 14,897 ounces in the
Inferred category on the property, as well as an underground resource of
53,448 ounces in the Indicated category and 49,130 ounces in the
Inferred category, for a total of 165,608 ounces of gold (Source: NI
43-101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.).
Sampling normally consists of sawing the core into equal halves along
its main axis and shipping one of the halves to the ALS Minerals
laboratory in Val-d’Or, Quebec for assaying. The samples
are crushed, pulverized and assayed by fire assay, with atomic
absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the
gravity method, and samples containing visible gold grains are assayed
using the metallic sieve method. Monarch uses a comprehensive QA/QC
protocol, including the insertion of standards, blanks and duplicates.
The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
ABOUT MONARCH GOLD CORPORATION
Monarch Gold Corporation (TSX: MQR) is an emerging gold mining
company focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map),
including the Wasamac deposit (measured and indicated resource of 2.6
million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson
advanced projects and the Camflo and Beacon mills, as well as other
promising exploration projects. It also offers custom milling services
out of its 1,600 tonne-per-day Camflo mill.
Forward-Looking Statements The forward-looking
statements in this press release involve known and unknown risks,
uncertainties and other factors that may cause Monarch’s actual results,
performance and achievements to be materially different from the
results, performance or achievements expressed or implied therein.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX accepts responsibility for the
adequacy or accuracy of this press release.
Tags: #mining, gold, monarch, monarques, tsx, tsx-v Posted in All Recent Posts, Monarques Gold | Comments Off on Monarch Gold $MQR.ca Intersects 12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres, at its Mckenzie Break Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
