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Eloro Resources and Tartisan Resources Announce Execution of Definitive Agreements for Eloro to Acquire a 100% interest in Tartisan’s La Victoria Polymetallic Property, Ancash, Peru $TTC.ca

Posted by AGORACOM-JC at 7:46 AM on Friday, August 5th, 2016

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  • Announced the execution and delivery of a binding Purchase and Sale Agreement  with respect to the proposed purchase by Eloro
  • Property, currently consisting of 8 mineral concessions totalling approximately 35.9 km2 together with 3 mineral claims totalling 15 km2, is held by a Peruvian-based Tartisan subsidiary and is located in Huandoval District, Pallasca Province, Ancash Department, in the North-Central Mineral Belt of Peru

Toronto, Ontario – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) and Tartisan Resources Corp. (CSE:TTC) (“Tartisan”) are pleased to announce the execution and delivery of a binding Purchase and Sale Agreement (the “Agreement”) with respect to the proposed purchase by Eloro (the “Transaction”) of Tartisan’s 100% interest in La Victoria property (“La Victoria” or the “Property”) as previously announced on May 30, 2016. The Property, currently consisting of 8 mineral concessions totalling approximately 35.9 km2 together with 3 mineral claims totalling 15 km2, is held by a Peruvian-based Tartisan subsidiary and is located in Huandoval District, Pallasca Province, Ancash Department, in the North-Central Mineral Belt of Peru.

Pursuant to the terms of the Agreement and as consideration for the Property, Eloro has agreed to: i) issue 6 million common shares (the “Shares”) and 3,000,000 warrants (the “Warrants”) with limited transferability, ii) make staged cash payments totalling C$350,000, and iii) grant Tartisan a 2% royalty interest (the “Royalty”), half of which can be repurchased by Eloro for C$3 million to reduce the Royalty to 1%.

Transaction Highlights

  • Acquisition of Tartisan’s 100% interest in the Property (which is currently governed by the La Victoria Option and Joint Venture Agreement dated July 3, 2014 (the “Option and Joint Venture Agreement”), as amended) in consideration of: i) the issuance of 6,000,000 Shares and 3,000,000 Warrants of Eloro, ii) a cash payment of C$250,000 on the first closing, with a further payment of C$100,000 within nine months from the first closing (the San Markito mineral claim will not be transferred by Tartisan to Eloro until such time that the final C$100,000 payment is made). The Option and Joint Venture Agreement will be terminated upon completion of the Transaction.
  • Each Warrant will give Tartisan the right to purchase one Share of Eloro at a price of $0.40 for a period of three years after closing, subject to acceleration in certain circumstances.
  • All securities issued to Tartisan in the Transaction will be subject to a lock-up agreement whereby Tartisan will be restricted from transferring securities of Eloro for a period of 18 months following the closing date of the Transaction, subject to certain exceptions, and transfers subsequent to that period will be restricted for a period of four and one half years after the first closing will be subject to further restrictions whereby, should Tartisan wish to proceed with a disposition, it would be restricted to selling a maximum of 1 million Shares every six months and would agree to provide Eloro 45 days’ notice prior to any sale, during which time Eloro could identify a purchaser or purchasers for the Shares and would have the right of first refusal to place the Shares with such purchasers pursuant to the terms of a mutually agreeable sale.
  • Eloro will grant Tartisan a 2% Royalty on the Property, with a buy-down provision for one-half of the Royalty (to reduce the Royalty to 1%) on payment of C$3 million.
  • During a two-year term, Eloro will grant Tartisan a pre-emptive purchase right to participate in future Eloro financings to concurrently purchase such number of Eloro shares as would allow Tartisan to maintain the same beneficial ownership in aggregate, up to a maximum of 19.9%, as Tartisan owned immediately prior to the closing of the proposed financing.
  • For a four-year term, Tartisan will not vote its Shares of Eloro against any nominees to Eloro’s Board of Directors proposed by Eloro or vote against any resolutions supported by the Board of Directors of Eloro, subject to certain exceptions.

The Transaction would create a new “Control Person” in Eloro, pursuant to applicable securities legislation, as it is proposed that Eloro issue Tartisan 6 million Shares and 3 million Warrants (representing 22.4% of the Shares of Eloro on a non-diluted basis, and 30.2% of the Shares of Eloro on a partially-diluted basis, assuming the exercise of only the Warrants held by Tartisan). In accordance with the policies of the TSX Venture Exchange (“TSXV”), disinterested shareholder approval is required for the creation of a new Control Person.

The Transaction remains subject to several conditions, including: (i) the receipt of all necessary approvals, including the approval of the TSXV for Eloro; (ii) the completion of a National Instrument (“NI”) 43-101 Technical Report on La Victoria by Eloro; and (iii) shareholder approval from the shareholders of Eloro. Eloro will be making a submission to the TSXV in order to obtain conditional approval for the Transaction and will proceed with obtaining the required shareholder approval for the issuance of the securities pursuant to the Transaction. A NI 43-101 report on La Victoria is currently being drafted. Any securities to be issued by Eloro pursuant to the proposed Transaction would be subject to a 4-month hold period.

La Victoria Property, Peru

The La Victoria Property is free of royalties and consists of properties totalling eight mining concessions encompassing approximately 35.9 square kilometres together with 3 mineral claims totalling 15 square kilometres. The La Victoria Property is within 50 kilometres of several producing mines, with three producers visible from the Property. The Property has good infrastructure with road-access and nearby sources of water and electricity. It is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in northern Peru and western Quebec. Eloro recently announced its proposed acquisition of a 100% undivided interest in the La Victoria property, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Property consists of properties totalling eight mining concessions encompassing approximately 35.9 square kilometres together with 3 mineral claims totalling 15 square kilometers. The Property is within 50 kilometres of several producing gold mines, with three producers visible from the property. Infrastructure in the area is good with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

About Tartisan Resources Corp.

Tartisan is a mineral exploration and development company based in Toronto, Canada with an emphasis on properties in Peru. The company owns the La Victoria property located in the northern Ancash Department, Peru. La Victoria property is located within 50 km of several producing mines including: La Arena owned by Tahoe Resources, Lagunas Norte (Alto Chicama) owned by Barrick Gold Corporation (TSX:ABX) and Santa Rosa owned by Compañia Minera Aurífera Santa Rosa (COMARSA).

For further information please contact: Thomas G. Larsen, President and CEO of Eloro or Jorge Estepa, Vice-President of Eloro at (416) 868-9168 or Mark Appleby, CEO of Tartisan Resources at (416) 804-0280.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Corporation’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Corporation. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

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

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/TartisanAug52016.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

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Explor Announces Ogden Property Diamond Drilling Results $EXS.ca

Posted by AGORACOM-JC at 5:11 PM on Thursday, August 4th, 2016

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  • 2.06 g/t Au over 1.50 meters from 154.5 to 156.0 meters.
  • 1.99 g/t Au over 1.80 meters from 438.0 to 439.8 meters.

ROUYN-NORANDA, QUEBEC–(Aug. 4, 2016) – Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the results of the Diamond Drilling Program on the Corporation’s Ogden Gold Property. The property is located 12 kilometers southwest of the city of Timmins, Ontario. The property consists of 12 mining claims (96 mineral claim units) covering 1,540 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden and Price Townships, Ontario. These claims are contiguous to the east of the Corporation’s Timmins Porcupine West Property (the “TPW Property”). This preliminary program consisted of three sets of two holes each. East set was located with an approximate 2 kilometer spacing as shown on the attached plan.

The property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. Typically on the adjacent TPW Gold Property, higher grade mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 meters in length.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. Also the deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor. Bearing that in mind, the preliminary exploration program consisted of six NQ holes for a total of 3,648 meters of diamond drilling. The holes averaged 600 meters in length. The preliminary goal of this Diamond Drill program was to test the IP Targets and to identify if the property contained favourable geology to host gold mineralization. The diamond drill program used geophysical targets identified by Explor’s ground geophysical survey as well as IP work conducted by Inmet and Knick Exploration. The program was successful in that all IP targets were intersected. The geological environment identified is very similar to the Corporation’s Timmins Porcupine West Property. As it was the case at TPW property, the rock type intersected included Quartz Feldspar Porphyry (QFP), Mafic Volcanics, and Sulfide zones containing fine grain pyrite mineralization.

The following results were obtained from this first drilling campaign:

Hole #OG-16-02 intersected 2.06 g/t Au over 1.50 meters from 154.5 to 156.0 meters.

Hole #OG-16-05 intersected 1.99 g/t Au over 1.80 meters from 438.0 to 439.8 meters.

Explor plans on analyzing the current results in context with the geological information obtained with this preliminary program and plans an exploration program for the fall/winter drilling season.

Assays are conducted on NQ sized half core sections. The diamond drill core is logged and sampled following general industry practices whereby logged and sample marked core is sawn in half, with one-half bagged and tagged for shipment to the assay laboratory and the remaining half of the sawn core returned to the core box for storage and future reference. Blanks and assay standards are inserted at regular intervals in each sample batch. Assays are conducted using a standard fire assay technique on a 30 gram sample with a gravimetric finish by Laboratoire Expert Inc., of Rouyn-Noranda, Quebec. Routine duplicates are completed by Laboratoire Expert inc. Pulps and rejects are returned and stored in secure containers. Intersections are reported using drilled widths unless specified otherwise, with assay values as simple averages of duplicates and gravimetric results.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: “We are extremely pleased and encouraged by these preliminary drill results and the confirmation of the potential of the gold bearing environment. This drilling campaign indicates to us that this large property block could potentially host a major gold deposit, and merits further exploration.”

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. Teck Resources Limited is currently conducting an exploration program as part of an earn-in on the TPW property. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

A map is available at the following address: http://media3.marketwire.com/docs/1064935.pdf

Explor Resources Inc.
Christian Dupont
President
819-797-6050
888-997-4630 or 819-797-4630
www.explorresources.com
[email protected]

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CLIENT FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K oz Inferred Gold $EXS.ca

Posted by AGORACOM-JC at 4:30 PM on Thursday, August 4th, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

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St-Georges Agrees Commercial Terms With Platypus Over Le Royal Lithium Project $SX.ca

Posted by AGORACOM-JC at 12:27 PM on Thursday, August 4th, 2016

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  • Announced that it has entered into a binding term sheet – “JV Agreement”- with Platypus Resources (ASX: PLP) detailing the key commercial terms of their joint venture in relation to Le Royal Lithium
  • lepidolite-rich project for which St-Georges and Platypus hold an option to acquire 100%.

Montreal, Quebec / August 4, 2016 –St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (OTC: SXOOF) is pleased to announce that it has entered into a binding term sheet – “JV Agreement”- with Platypus Resources (ASX: PLP) detailing the key commercial terms of their joint venture in relation to Le Royal Lithium, a lepidolite-rich project for which St-Georges and Platypus hold an option to acquire 100%.

In forming the joint venture, St-Georges and Platypus will be focussed on the exploration and development of Le Royal Lithium prospect leveraging off Platypus’ L-Max(R) technology to process lepidolite ores and St-Georges’ in-country experience.

The key terms of the Agreement are detailed below:

Initial Ownership Interest Platypus 70%St-Georges 30%
Initial Exploration Expenditure St-Georges will fund the first C$450,000 of exploration expenditure.
L-Max(R) Licence Platypus will grant the joint venture a licence to use the L-Max(R) technology on the project.
St-Georges Option After completing the Initial Exploration Expenditure, St-Georges will have an option to fund the next C$600,000 of exploration expenditure to increase its ownership interest in the joint venture to 50%.If St-Georges exercises this option, it will pay for 50% of the milestone payments relating to the delineated of a JORC/NI-43101 Resource as contemplated in the Acquisition Agreement.
Conditions St-Georges and Platypus exercising their option to acquire Le Royal Lithium prospect and associated claims.Execution of a formal joint venture agreement between St-Georges and Platypus.

Any required regulatory approvals.

Platypus Managing Director Tom Dukovcic commented: “We are pleased to have agreed to key terms with St-Georges. This deal demonstrates our continued ability to leverage off the L-Max(R) technology to gain near term value by obtaining a free carry through a significant portion of exploration expenditure.”

OTHER CORPORATE MATTERS

Valorization of St-Georges mining exploration portfolio.

St-Georges is currently reviewing all of its mining exploration claims and projects portfolio. Herb Duerr, P. Geo and St-Georges director, has received the mandate to look at all options available to move the projects of value forward. Management will be looking at reactivating secondary projects like the Isoukustouc Project, in light of the increased interest in cobalt and platinum.

Muscovite Projects update

On April 28, 2016 St-Georges entered into a multi-party agreement with SX insiders and Active Growth Capital (ACK) in regards to 8 historical muscovite mines. Active Growth management notified St-Georges of its plans not to pursue the exploration and development of the muscovite assets that were part of the joint agreement. No shares of ACK have been issued in favour of St-Georges. The Option agreement is to be considered expired and ACK does not have any further obligation in regards to St-Georges. St-Georges is planning to execute a revised agreement with the owners of the claims in the coming weeks.

Furthermore, St-Georges and ACK also jointly acquired 81 additional mining exploration claims surrounding the historical sites representing approximately 4,633 hectares. These claims are currently held and registered under both companies with 50% ownership each.

ACK contracted a geological team to visit some of the new jointly-acquired claims. Some samples of interest were sent to laboratories for analysis. These samples are currently undergoing a second testing phase. St-Georges will update its shareholders as soon as these results become available to the company.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings”

MARK BILLINGS, Chairman of the Board

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for nickel on the Julie Nickel Project on Quebec’s North Shore.

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. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

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HPQ Silicon Appoints Industry Veteran Daryl Hodges To Board Of Directors $HPQ.ca

Posted by AGORACOM-JC at 11:54 AM on Thursday, August 4th, 2016

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  • Announced the appointment of Mr. Daryl Hodges to the Board of Directors
  • Mr. Hodges brings over 35 years of extensive capital markets experience and success on a global scale in the mining industry

August 4, 2016 / Montreal, Quebec, Canada – HPQ Silicon Resources Inc (“HPQ Silicon”) (TSX Venture: HPQ) (formerly Uragold) is pleased to announce the appointment of Mr. Daryl Hodges to the Board of Directors.

Mr. Hodges brings over 35 years of extensive capital markets experience and success on a global scale in the mining industry. He was a founding partner of Jennings Capital Inc. in 1999 and was integral in its growth to the 7th largest independent investment dealer in Canada. From 2003 – 2010, he was the Senior Managing Director and Head of Investment Banking. From 2010 – 2013, he served as Chief Executive Officer, President and Chairman of Jennings Capital, as well as Director of Jennings Capital (U.S.A.) Inc. Mr. Hodges is a geologist and currently serves as President of mining finance advisory firm, Ladykirk Capital Advisors.

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

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

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of HPQ Silicon Quartz into Solar Grade Purity Si.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9% and that samples are to be sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

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

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

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

  • ooPlasma arc based process can and has transformed High Purity Quartz into Mg Si.
  • ooPlasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
  • ooFinally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

A Green And Clean Company

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

High Purity Quartz Properties

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

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.

For further information contact

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

Or

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

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PFN Acquires Strategic & Adjacent PGM Project, Near Sudbury, Ontario’s River Valley, Adding 4km to Core PGM Project $PFN.ca

Posted by AGORACOM-JC at 9:05 AM on Thursday, August 4th, 2016

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  • Signed an agreement with Mustang Minerals Corp. (TSXV: MUM) to acquire 100% interest in 6, Strategic, Mineralized Claims, of Mustang’s River Valley Platinum Group Metal (PGM) property, near Sudbury, Ontario
  • Acquisition increases the size of PFN’s project footprint to more than 64 km2 (16,000 acres), mainly on the highly PGM mineralized River Valley Intrusion

Vancouver, BC, Canada / August 4, 2016 – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSXV: PFN; OTCQB: PAWEF; FSE: P7J; announces that it has signed an agreement with Mustang Minerals Corp. (TSXV: MUM) to acquire 100% interest in 6, Strategic, Mineralized Claims, of Mustang’s River Valley Platinum Group Metal (PGM) property, near Sudbury, Ontario (Figure 1). The River Valley PGM Extension Claims are adjacent to, and south of, PFN’s current River Valley PGM Project mining leases. The acquisition increases the size of PFN’s project footprint to more than 64 km2 (16,000 acres), mainly on the highly PGM mineralized River Valley Intrusion. The six acquired claims overlay a 4 km long PGM mineralized trend, which is the southward continuation of the River Valley PGM Deposit, on PFN’s mining leases to the north. With the acquisition, the total strike length of the River Valley PGM Deposit increases to 16 km, on PFN’s property. Mustang’s work on the property included Mapping, Prospecting, Geophysical Surveys and Diamond Drilling. Surface grab samples returned assays of up to 10 g/t PGM. A total of 57 diamond holes were drilled, for more than 16,000m. Highlights of the drilling include: 1.42 g/t PGM over 9.0m in hole MR02-59, 4.0 g/t PGM over 2.1m in hole MR02-62, and 2.2 g/t PGM over 4.5m in hole MR02-64. The Main Mineralized Zone remains open at depth. Ground Geophysical Survey Results and Structural Geology Interpretation of the property, reveal Priority Exploration Targets, in under-explored areas, which resemble the high-grade T2 Discovery and other similar targets on the adjacent PFN mining leases (Figures 2 & 3) (see PFN press release dated March 11, 2015).

-PFN’s property acquisition increases strike length of mineralization from 12 km to 16 km

-Mineralized drill core, surface grab samples and historic showings

-Surface grab samples grading up to 10 g/t Platinum Group Metals (PGM)

-Drill core samples grading up to 2.2 g/t PGM over 4.5m from 60.5m downhole

-PFN’s property position at River Valley increased to a total of 64 km2 or 16,000 acres

-Summer Surface Exploration Program underway to guide planned Fall Drill Program

-PFN’s River Valley Project is Canada’s Largest Undeveloped Primary Platinum Group Metal Project, with 2.5 Moz PGM, in near-surface Measured and Indicated Resources, within 100 km of Sudbury

-Excellent Infrastructure Support, with Year-Round Road Access and nearby Rail, Power and Communities and 100 km from Sudbury Metallurgical Complex

-New 100% owned Lithium Division, with Pegmatite Projects in Manitoba and Brine Projects in Nevada and Summer/Fall Exploration Programs In Progress

The recently announced Surface Exploration Program for PFN’s River Valley PGM Project (see PFN press release dated June 15th, 2016), will be expanded to cover the newly acquired claims from Mustang Minerals Corp.

The six claims were acquired from Mustang Minerals Corp., for $50,000 cash and shares of PFN.

The shares are subject to a regulatory hold of 4 months and 1 day, and TSX Venture Exchange approval of the Transaction. Mustang Minerals Corp. retains a 1% Net Smelter Return (NSR) on any production from the six claims. The NSR can be purchased by PFN at any time for $500,000. The six claims were acquired from Mustang Minerals Corp. for $50,000 cash and shares of PFN.

Figure 1: Geological map showing the location of the PGM exploration property acquired from Mustang Minerals Corp. The acquired property is south and adjacent to PFN’s Mining Leases, covering the River Valley PGM Project. The acquisition increases the strike length of the PGM deposit, to 16 km, 64 km2, or 16,000 acres, on PFN property.

Figure 2: River Valley location (inset) and Property Geology Maps, showing the position of the Target T2 Discovery, at the north end of the PGM Deposit, between the Dana North Zone to the east and the Pardo Zone to the north. Note location of the Spade Zone, discovered in 2012 but never followed up.


Click Image To View Full Size

Figure 3: Map showing location of three T2-like Drill Targets, at the north end of the River Valley PGM Deposit, on PFN’s Mining Leases.

About PFN’s Platinum Group Metals Division

River Valley is Canada’s Largest Undeveloped Primary PGM Deposit.

Achievements to date and Future Plans for River Valley are outlined below as follows:

  1. 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with Options to Buy Down
  2. 2.Completed Exploration and Development Programs, on the River Valley Property:

Include more than 600 holes drilled, since year 2000, and several Mineral Resource Estimates and Metallurgical Studies;

  1. 3.Results for the current (2012) Mineral Resource Estimate are below;
  2. 4.2015 Drill Program confirms New High Grade T2 Discovery
  3. 5.Exploration and Development Plans outlined for 2016
  4. 6.Ongoing Strategic Partner Search for River Valley Project
  5. 7.Results for the most recent Mineral Resource Estimate are summarized below:

– Prepared by Tetra Tech (Wardrop)

– High Confidence: Measured plus Indicated = 72% of total

– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals

– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1

– High Grade Potential: particularly in the north part of River Valley Deposit


Click Image To View Full Size

– Resources under Evaluation for Development Potential, as Open Pit Mining Operation


Click Image To View Full Size

  1. 8.Results for the 2015 Discovery Drill Program on the T2 Target are as follows:

-Drill hole intercepts much higher than the average grade, of current Mineral Resource Estimate

-Possible New Mineralized Zone at the north end of the River Valley Deposit

-Show potential to take the River Valley PGM Project in a New Direction

-More drilling required


Click Image To View Full Size

  1. 9. Exploration and Development Plans for 2016

-Mineral Prospecting and Geological Mapping on surface: In Progress

-Drill Programs targeted to add more higher grade: Drilling Slated for Fall 2016

-Geological Interpretation and 2D/3D Modelling of all Drill and Surface Results

-Ongoing Strategic Partner Search for River Valley

About PFN’s Lithium Division

The company’s Lithium Division will focus on the Discovery, Acquisition, Exploration and Development of Lithium Projects in Canada. In the United States, the company will use its wholly owned U.S.A subsidiary to Acquire and Develop Projects, in Active Mining Camps, in Nevada, Arizona and California.

Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this New Division will Explore for the Minerals needed to fuel the demand for Energy Storage and other core 21st Century Technologies.

The company has a growing portfolio of Lithium Projects: The Clayton Valley Forks Li Project, in Nevada, is a recent Lithium Brine Project acquired by the company (see PFN News Releases: April 25th, 2016 and May 9th, 2016).

The company also has several Hard Rock Lithium Projects in Canada: To date the company has Acquired 4 Hard Rock Lithium Projects, in the Winnipeg River Pegmatite Field, in southeast Manitoba (see PFN News Releases: April 21st 2016, May24th, 2016, June 15th, 2016 and July 5th, 2016). This Pegmatite Field hosts the giant Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. Today, the Tanco Mine is focused on the Mining and Production of Cesium Formate, a completion fluid for the petroleum industry. PFN’s Li Projects are strategically situated to further Explore this Pegmatite Field. Presently, the company is the Largest Claim Holder in the Winnipeg River Pegmatite Field.

Lithium and Platinum Group Metal prices have improved drastically in recent months. Lithium supplies remain in deficit relative to their demand. Both Metals Groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for Autocatalysts, a key component for reducing toxic emissions, for automotive, gasoline and diesel engines. Regarding to Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources, is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific North West Capital. Dr. Stone is the Qualified Person, as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

” Harry Barr ”

Harry Barr

Chairman and CEO

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

Cautionary Note Regarding Forward Looking Statements. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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Nevada Energy Metals Starts Lithium Exploration Survey at Big Smokey Valley (North), Nevada $BFF.ca

Posted by AGORACOM-JC at 8:49 AM on Thursday, August 4th, 2016

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  • Announce that a sampling program designed to test for lithium values in surface soils and/or playa evaporates has been initiated at the Company’s 100% owned Big Smokey Valley (North) project
  • Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines.

August 4, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that a sampling program designed to test for lithium values in surface soils and/or playa evaporates has been initiated at the Company’s 100% owned Big Smokey Valley (North) project. Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. It is expected that 170 sample points will be measured. Results should be available in approximately 3 weeks.

About the Big Smokey Valley (BSV) Lithium Project:

The BSV Lithium Project consists of 160 placer claims, 3,200 acres/1,295 hectares, located in northern Big Smokey Valley, Nye County, Nevada, 12 miles east of the town of Austin and extends approximately 100 miles in a southwesterly direction to reach a southern terminus near Clayton Valley. The northern section, where the claim area is located, contains three geothermal resources; the Darrough, the McLeod and the Spencer hot springs. Nevada Energy Metals has acquired a 100% interest in the property, free of royalty payments.

Historical gravity survey results indicate the depth of valley fill to be approximately 5,100 feet and that there is subsurface closure of the valley a short distance to the south of the claim block. The basin is fed by anomalous lithium bearing geothermal fluids interpreted to be meteoric waters heated by relatively deep circulation in the earth’s crust.

Historical sediment sampling results for lithium in the basin were reported in the range of 130 to 155 ppm lithium for 4 samples (J.R. Davis, U.S. Geological Survey, Denver, Co.)

Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG, Elko, Nevada.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded, Canadian based, exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has ownership of 77 claims in Clayton Valley, only 250m from Rockwood Lithium, the only brine based lithium producer in North America (70% optioned-out to American Lithium Corp (TSX-V: Li). Nevada Energy Metals has also acquired: 100 claims (Teels Marsh West) covering 2000 acres (809 hectares) at Teels Marsh, Mineral County, Nevada, a prospective lithium exploration project, 100% owned without any royalties; the San Emidio Desert lithium project, consisting of 155 claims (approximately 3,100 acres/1255 hectares) in Washoe County, Nevada; the Alkali Lake Project in Esmeralda county, is a 60% earn in option agreement from Dajin Resources Corp (TSX-V: DJI), where near surface lithium values have been confirmed; the Dixie Valley Project consisting of 911 claims covering 73.6 square kilometers/28.4 square miles (7,363 hectares/18,194 acres) of salt marsh playa.

On Behalf of the Board of Directors

Rick Wilson, President & 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 contents of this release.

Disclaimer for Forward-Looking Information:

The information discussed in this press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts, included herein concerning, among other things, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. These forward looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. It is important that each person reviewing this release understand the significant risks attendant to the operations of the Company. Nevada Energy Metals Inc. disclaims any obligation to update any forward-looking statement made herein.

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INTERVIEW: Walter Storm’s Tudor Gold Commences MT Survey At Treaty Creek $AMK.ca $TUD.ca $SEA.ca

Posted by AGORACOM-JC at 4:04 PM on Wednesday, August 3rd, 2016

American Creek Resources is a precious metals exploration company with an impressive portfolio of high-potential gold and silver projects in British Columbia.  These include properties in B.C.’s prolific Golden Triangle, one of the richest areas of mineralization in the world.

Hub On AGORACOM / Corporate Profile / Watch Interview

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Namaste Announces Third Quarter Financial Results $N.ca

Posted by AGORACOM-JC at 11:01 AM on Wednesday, August 3rd, 2016

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  • Gross profit of $353,361 represents a 47.9% gross profit margin for Q3 2016 versus 42.3% for Q3 2015.
  • While gross profit declined versus Q3 2015 by 23.1%, gross profit sequentially increased by 11.6% compared to Q2 2016 and gross profit margin improved from 45.3% to 47.9%. The sequential improvement in margin is indicative of the Company’s increased focus on price controls and more favorable terms from manufacturers.

Toronto, Ontario, Canada – Namaste Technologies Inc. (“Namaste” or the “Company”) has reported financial results for the third quarter and nine month period, each ending May 31, 2016. The financial statements and management discussion & analysis for the period can be accessed on SEDAR at www.sedar.com.

During the quarter, the Company focused efforts on transitioning from pay-per-click advertising to inbound organic e-commence growth strategies, which generated Q3 2016 e-commerce revenue of $738,199 and gross profit was $353,361, representing a 47.9% gross profit margin. For the nine month period, revenue was $2,611,871 and gross profit was $1,058,154, representing a 40.5% gross profit margin. For the 2015 fiscal year, the comparable Q3 revenue was $1,087,256 and the comparable revenue for the nine month period was $3,471,420.

Looking forward to the last quarter of 2016 and first half of 2017, the Company anticipates revenue and gross profit to increase significantly due to further traction with its current inbound e-commerce market initiatives, commercialization of the Gurutm, acquisition of VaporSeller, and seasonal increase of sales activities during Black Friday, Cyber Monday and the holiday season.

Third Quarter Financial Highlights

  • ➢ Revenue of $738,199 represents a 32.1% decline over Q3 2015 and sequential increase of 5.7% over Q2 2016. The variance in revenue is indicative of the Company’s transition from expensive pay-per-click advertising to inbound organic e-commence growth strategies which should result in stable revenue performance and decreased advertising spending.
  • ➢ Gross profit of $353,361 represents a 47.9% gross profit margin for Q3 2016 versus 42.3% for Q3 2015. While gross profit declined versus Q3 2015 by 23.1%, gross profit sequentially increased by 11.6% compared to Q2 2016 and gross profit margin improved from 45.3% to 47.9%. The sequential improvement in margin is indicative of the Company’s increased focus on price controls and more favorable terms from manufacturers.
  • ➢ Operating costs of $716,855 represent a 97% increase over Q3 2015 and a 19.4% sequential decrease over Q2 2016. The majority of the increase in operating costs compared to Q3 2015 is due to nonrecurring costs associated with taking the Company public and share-based compensation.
  • ➢ Pre-tax loss of $363,494 is reflective of the increased operating costs during the period, being primarily due to listing costs and share-based compensation.

Third Quarter Financial Highlights

  • ➢ Transitioned from pay-per-click advertising to inbound organic e-commence growth strategies focused on domain authority, best-in-class natural rankings, trust of brand growth, client population expansion, and sales conversion optimization. Organic inbound marketing increases the recurring nature of sales and places less dependence of major search engines.
  • ➢ Maintained #1 brand trust ranking in the vaporizer space, as ranked by Trust Pilot, and achieved approximately a 3% conversion ratio over the period.
  • ➢ Entered binding letter of intent for the acquisition of VaporSeller, an e-commerce platform for the distribution of vaporizers and accessories with an unaudited revenue of US$3.4 million in 2015. Subsequent to the quarter ended May 31, 2016, the Company closed the acquisition o
  • ➢ Placed commercial order qualities for the Gurutm, the Company’s first proprietary vaporizer capable of seamlessly vaporizing dry herbs, concentrates and liquids.

Mr. Sean Dollinger, President and CEO of Namaste, comments: “The first nine months of the Company’s fiscal 2016 has been transformational. When I reflect back at the accomplishments of our team over this period, including taking our company public, completing our first external capital raises, securing our first acquisition and implementing long term and sustainable e-commerce marketing strategies, my personal sense of optimism and excitement for the future of Namaste is confirmed. As always, I would like to thank all the stakeholders of Namaste for their support as we continue to move forward with our objective of creating the leading international vaporizer and accessories company globally.”

About Namaste Technologies Inc.

Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.

On behalf of the Board of Directors
“Sean Dollinger”
Sean Dollinger
Chief Executive Officer

Further information on the company and its products can be accessed through the links below:

www.namastetechnologies.com
www.namastevaporizers.com
www.namastevaporizers.co.uk

Forward Looking Information

This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions. Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release

Copyright © 2016 Namaste Technologies Inc., All rights reserved.
You are receiving this email because you have either opted in or provided your contact details to Namaste Technologies for the purposes of updates on company activities.

Our mailing address is:
Namaste Technologies Inc.

1600 – 100 King Street West

Toronto,OntarioM5X 1G5

Canada

 

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American Creek Reports That a Magnetotelluric Survey Has Commenced at Treaty Creek $AMK.ca $SEA.ca

Posted by AGORACOM-JC at 9:10 AM on Wednesday, August 3rd, 2016

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  • Commissioned a comprehensive Magnetotelluric survey on the Treaty Creek Property
  • Located immediately adjacent to Seabridge Gold’s KSM project in the “Golden Triangle” of NW British Columbia 75km north of Stewart.

CARDSTON, ALBERTA–(Aug. 3, 2016) – American Creek Resources Ltd. (TSX VENTURE:AMK) (“American Creek”) is pleased to report that its JV partner, Tudor Gold Corp. (TSX VENTURE:TUD) (“Tudor”) has commissioned a comprehensive Magnetotelluric survey (“MT survey”) on the Treaty Creek Property located immediately adjacent to Seabridge Gold’s KSM project in the “Golden Triangle” of NW British Columbia 75km north of Stewart.

American Creek and Tudor recently entered into a joint venture agreement with Tudor holding a 60% interest and American Creek and Teuton Resources Corp. each holding 20% carried interests in the project. Tudor is the operator.

The survey, already in progress, is being run by Simcoe Geoscience Ltd. using the same geophysicist that designed, ran, and interpreted MT surveys on the adjacent KSM and Brucejack projects owned by Seabridge Gold and Pretivm Resources respectively. The program is also using the same equipment and technology that continues to be used with great success on the adjoining properties.

MT surveys, a geophysical technique that measures fluctuations in naturally-occurring electrical and magnetic fields, have been used extensively by Seabridge and Pretivm to assist them in discovering and developing new deposits. The Deep Kerr, Lower Iron Cap, Mitchell at Depth, and extensions of Deep Kerr deposits are some of the discoveries within Seabridge’s KSM project where MT technology was utilized in discovering and in developing drill targets for these core zones. Pretivm Resources, whose deposits (Snowfield/Brucejack/Valley of the Kings) are adjacent to the KSM, has also had great success using MT technology in the discovery and development of their deposits. This confirms the reliability and accuracy of MT technology within the large hydrothermal system encompassing the KSM, Snowfield/Brucejack, and Treaty Creek projects. This hydrothermal system is one of the largest in the world with the southern half being shared by Pretivm’s deposits on the east and Seabridge’s deposits on the west. The northern half of the system extends through the Treaty Creek property.

In 2011, Seabridge commissioned a single line array MT survey through the Treaty Creek property to cover their proposed tunnel route as part of their KSM development plan. The exploration objective was to detect porphyry-rich mineralization and/or associated alteration zones to depth and to establish an understanding of the geological system and fluid pathways to great depth within the KSM survey area. The survey was successful in discovering potential porphyry-rich mineralization and/or associated alteration zones to depth as it revealed a large conductive body at depth which extends upward to the surface between MT sites 214 and 216. This area contains gossanous outcrops along with surface mineralization and also includes the previously explored Orpiment zone. The survey also shows a more prominent feeder extending over 3km from the large conductive body at depth. This feeder is approximately 750m wide and extends to the location of the Copper Belle zone where another large conductive body (less than 200ohm-m) appears on the survey starting between MT sites 208 and 209. The northeast tip of Copper Belle, a bulk-tonnage type gold-copper-molybdenum porphyry, appears to be located at the northeast tip of this low resistive anomaly. The drilling that American Creek conducted in 2007 and 2009 (prior to the MT survey) at Copper Belle was primarily between MT sites 209 and 210 and therefore did not intersect the MT anomaly, however hole CB-14 (the closest hole to the anomaly) carried 0.8g/t gold over 241m and ended in mineralization.

The MT anomalies on the Treaty Creek property have a direct correlation with magnetic highs. A large magnetic anomaly starts precisely where the MT anomaly near Copper Belle begins. Both the MT survey, and a previously conducted Mag survey on Treaty Creek, independently suggest the possibility of a metallic deposit in porphyry form. When the two correlate with each other so perfectly it is referred to as a “strong contact”. The extent of the MT anomaly will remain unknown until the current MT survey is complete, but the magnetic high directly associated with it covers approximately nine square kilometers.

Simcoe Geoscience Ltd. is currently running an extensive 3D survey that covers all the areas of known mineralization on the Treaty Creek property. This will reveal the extent of the existing MT anomalies in far greater detail, and potentially reveal new anomalies, giving Tudor the same type of insights that have contributed to the discoveries on the Seabridge and Pretivm properties within the same hydrothermal system.

Tudor is also planning to commence drilling at Treaty Creek within the next week.

Darren Blaney, American Creek’s President & CEO, stated: “We are very much looking forward to the advancement of the Treaty Creek project and are pleased that Tudor is now on the property and that work is commencing. The exact same MT survey technology presently being employed by Tudor at Treaty has been the key to the recent world class discoveries that have been made by both Seabridge and Pretivm to our south. Our shareholders have been anticipating this event for quite some time and now their patience and support will be rewarded.”

An updated link with more information regarding the MT survey and the Treaty Creek property can be found on the American Creek website homepage.

American Creek Resources Ltd. is a Canadian junior mineral exploration company focused on the acquisition, exploration and development of mineral deposits within the Province of British Columbia, Canada.

Information relating to the Corporation is available on its website at www.americancreek.com.

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

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

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