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Posts Tagged ‘$TSXV’
Lexaria Intends to Complete A $3,400,000 Financing
Kelowna, British Columbia–(May 23, 2014) – Lexaria Corp. (LXRP-OTCQB) (LXX-CSE) (the “Company” or “Lexaria”) reports its intention to complete a non-brokered private placement financing, consisting of 17,000,000 Equity Units at US $0.20 per unit, to raise gross proceeds of up to US $3,400,000 (the “Private Placement”).
Each equity unit will consist of one common share of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of eighteen months from the date of issuance, at a purchase price of US$0.50. The Company may accelerate the expiry date of the warrants if the stock price trades above CAD$0.60 for 20 consecutive days at any time after 6 months and one day has elapsed.
Lexaria may pay broker commissions of up to 6.0% in cash and 6% in broker warrants in connection with the Private Placement. Each broker’s warrant will be exercisable into one single common share (a “Warrant Shareâ€) at a price of US$0.50 per Warrant Share for a period of eighteen (18) months following closing of the Offering. Certain directors, officers and insiders of the Company may participate in the Private Placement.
The Company is canceling its earlier announced intention to complete a non-brokered private placement financing, consisting of 7,000,000 Equity Units at US $0.28 per unit, to raise gross proceeds of up to US $1,960,000 (the “Private Placement”) due to market conditions.
The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales possible into the USA under Rule 144, six months and one day. Proceeds from the equity units will be used for corporate development in the Medical Marijuana business, G&A and general working capital. The Private Placement will be subject to normal regulatory approvals.
The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Lexaria
Lexaria’s shares are quoted in the USA with symbol LXRP and in Canada with symbol LXX. The company searches for projects that could provide potential above-market returns. To learn more about Lexaria Corp. visit www.lexariaenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lexaria Corp.
Chris Bunka, CEO: (250) 765-6424
Clark Kent, Media Manager: (647) 519-2646
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that road or site conditions will be favorable for field work; no assurance that well treatments or workovers will have any effect on oil or gas production; no assurance that oil field interconnections will have any measurable impact on oil or gas production or on field operations, and no assurance that any expected new well(s) will be drilled or have any impact on the Company. There can be no assurance that expected oil and gas production will actually materialize; and thus no assurance that expected revenue will actually occur. There is no assurance the Company will have sufficient funds to drill additional wells, or to complete acquisitions or other business transactions. Such forward looking statements also include estimated cash flows, revenue and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil and gas reserve quantities produced by third parties; and intentions to participate in future exploration drilling. Adverse weather conditions including but not limited to surface flooding can delay operations, impact production, and cause reductions in revenue. The Company may not have sufficient expertise to thoroughly exploit its oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the medical marijuana business will provide any benefit to Lexaria and no assurance that the proposed financing of up to $3,400,000 will be successful.
The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Start your small cap medical marijuana research in the AGORACOM Small Cap Medical Marijuana Stocks Gateway
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks
Update: Liberty Star’s Presentation of Proposed Exploration at Hay Mountain AZ Has Triggered a Strong Response in the Middle East
Update: Liberty Star’s Presentation of Proposed Exploration at Hay Mountain AZ Has Triggered a Strong Response in the Middle East with Numerous Requests for Additional Meetings—CEO Briscoe’s Trip Rescheduled and Expanded
TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€)(OTCQB: LBSR) is pleased to announce that numerous requests for additional meetings throughout the Middle East to present the Company’s porphyry copper, gold, moly, REEs Hay Mountain Project in conjunction with the Mine Finders Program recently detailed in News Release 177 (May 15) have been received. The presentation program has been rescheduled, to accommodate those additional requests. Briscoe’s current plans are to depart the USA June 19 for these meetings. According to a letter from naseba dated May 20, News Release 177 has generated positive feedback “from more countries in the Middle East region than we were considering. We need to dig deeper. We feel delaying your roadshow until the end of June would allow us to open more doors and organize a multi-days, multi-countries roadshow that would be more beneficial to your company.†Countries under consideration for an expanded visit include Egypt, Kuwait, Oman, Turkey, and perhaps others.
“from more countries in the Middle East region than we were considering. We need to dig deeper. We feel delaying your roadshow until the end of June would allow us to open more doors and organize a multi-days, multi-countries roadshow that would be more beneficial to your company.â€
Based on naseba’s positive report Briscoe has agreed to reschedule his trip to Saudi Arabia and potentially other cities to present the “One Package, Two Projects†Hay Mountain and Mine Finders program. According to the naseba letter “The later date will also be more fruitful†confirmed by several additional representatives who do not have time available in May but they have in June.
States Briscoe: “the enthusiasm for the Hay Mountain composite program is gratifying. This kind of opportunity is on the forefront of modern hands on training by industry experts using new cutting edge technologies. Our goal remains to implement phase 1 drilling at Hay Mountain, and start the Mine Finders program as soon as possible.â€
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our entire planned drilling program and our planned training program. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if our proposal is accepted, we may not be able to carry out the instruction program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Contacts
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter @LibertyStarLBSR
AGORACOM Small Cap Stock TV – May 22, 2014
AGORACOM – The Small Cap Epicenter reports on the day’s best small cap and micro cap press releases.
Good afternoon to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on our TV show this morning. It’s May 22nd and we’ve found 3 great press releases to report on. It’s another great day for small-cap and micro-cap financial news.
If you are new to the show, it is a daily, fast-paced, edgy report that we put out Mon – Thurs that strictly reports on the best small cap and micro cap news of the day. You can watch AGORACOM TV right from our home page.
If you miss an episode or want to search for your company in our archive, you can visit our industry leading Small-Cap Podcast site at any time:
If you want to subscribe to our Small-Cap RSS Feed or download our podcast everyday via iTunes, or your favourite podcatcher, just use the following:
TODAY’S SMALL-CAP AND MICRO-CAP BREAKING FINANCIAL NEWS
Today’s show features:
Mega Precious Metals (MGP.V),
North Arrow Minerals (NAR.V),
Donnycreek Energy (DCK.V)
Toddler’s seizures stopped after consuming cannabis oil, parents say
JUSTIN GIOVANNETTI
VANCOUVER — The Globe and Mail
Last updated Tuesday, May. 20 2014, 8:05 PM EDT
Two-year-old Kyla Williams hasn‘t learned to walk or talk, her development has stopped as she suffered as many as 200 seizures daily and no medication helped. Now the girl’s family say she hasn’t had a seizure in a week, ever since they began giving her cannabis oil extracted from hemp. (handout from family)Two-year-old Kyla Williams hasn’t learned to walk or talk, her development has stopped as she suffered as many as 200 seizures daily and no medication helped. Now the girl’s family says she hasn’t had a seizure in a week, ever since they began giving her cannabis oil extracted from hemp.
The oil being used by the toddler has high amounts of cannabidiol, known as CBD, the main ingredient in medical marijuana, and almost no psychoactive ingredients. Its use is in a legal “grey area,†according to proponents.
Only dried marijuana is currently regulated by Health Canada, the sale of resin and oil by growers is forbidden. The hemp that the cannabis oil is being extracted from is supposed to be destroyed by farmers under federal regulations. However, few controls seem to govern the dispensary and parents providing the two-year-old with the oil.
Despite the lack of legal clarity, Kyla is continuing to use her unconventional medicine. On Sunday evening, she had been seizure-free for a week.
“Within 20 minutes of administering it the first time, she stopped her seizures completely. She had six seizures earlier as I said goodbye to her, it was so hard to watch,†said grandmother Elaine Nuessler.
On Saturday, the girl’s grandfather spoke publicly about the need for greater access to the medical marijuana-like substance. A former RCMP officer, Chris Nuessler told a crowd of 60 in Summerland, B.C. that his views on marijuana have changed significantly since his granddaughter began showing signs of uncontrollable epilepsy when she was six months old.
“We come from a background where we’ve never dealt with marijuana before in our lives,†said Ms. Nuessler. “We’ve discovered that it’s a healing plant.â€
For more than a year, Kyla was treated with a battery of prescription drugs, none worked, many made her condition worse. Due to the epilepsy, the girl also suffers from serious visual impairments.
After being told by physicians that the girl’s life would be cut short by the seizures, the family contacted Jim Leslie at the Nation’s Best Weeds Society, a dispensary in Vancouver’s east end. Aided by anecdotal evidence that cannabis with high levels of CBD was being used successfully in the United States, Mr. Leslie set out to find something similar in Canada.
He soon came across an often discarded piece of hemp that is high in CBD. “We’ve got a winner here,†he remembers thinking when he saw the results of tests on the plant. “A small, small percentage of farmers are diverting the CBD-rich part of the plants to us,†said Mr. Leslie.
The Vancouver-based dispensary has a note from Kyla’s pediatric physician recommending cannabis. Under federal rules, the family should be providing the two-year-old with medical marijuana in it’s more traditional form.
In the past, Canadians have moved to the U.S. to gain access to the oil. In late 2013, the parents of 13-month-old Kaitlyn Pogson moved to Colorado to obtain the drug, hoping it would help with their daughter’s severe seizures.
With no medical trials showing that cannabis helps children with seizures, Arthur Schafer warned that the impact of the drug’s exposure on a child’s brain remains unknown.
“The rigorous scientific evidence isn’t there, but the anecdotal evidence seems quite promising. Would a reasonable and loving parent take the risk of giving their child medication that could cause serious harm? Not unless the situation is desperate and nothing else has worked,†said Mr. Schafer, the director of the Centre for Professional and Applied Ethics at the University of Manitoba.
“If the harm is there in front of you daily in seizures, the reasonable and loving parent might take the risk. I would.â€
Follow Justin Giovannetti on Twitter: @justincgio
Start your small cap medical marijuana research in the AGORACOM Small Cap Medical Marijuana Stocks Gateway
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks
AGORACOM Small Cap Stock TV – May 21, 2014
AGORACOM – The Small Cap Epicenter reports on the day’s best small cap and micro cap press releases.
Good afternoon to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on our TV show this morning. It’s May 21st and we’ve found 5 great press releases to report on. It’s another great day for small-cap and micro-cap financial news.
If you are new to the show, it is a daily, fast-paced, edgy report that we put out Mon – Thurs that strictly reports on the best small cap and micro cap news of the day. You can watch AGORACOM TV right from our home page.
If you miss an episode or want to search for your company in our archive, you can visit our industry leading Small-Cap Podcast site at any time:
If you want to subscribe to our Small-Cap RSS Feed or download our podcast everyday via iTunes, or your favourite podcatcher, just use the following:
TODAY’S SMALL-CAP AND MICRO-CAP BREAKING FINANCIAL NEWS
Today’s show features:
Klondex Mines (KDX.T),
Tembo Gold (TEM.V),
Impact Silver (IPT.V),
Integra God (ICG.V),
Balmoral Resources (BAR.T)
Robix Launches Corris Marine Division in Montreal and Grant of Options
LETHBRIDGE, ALBERTA–(May 20, 2014) – Robix Alternative Fuels Inc. (“Robix” or the “Corporation”) (CSE:RZK)(FRANKFURT:R0X) announced today that it has officially launched its Corris Marine Division with the opening of its Montreal office, in the Old Port of Montreal district.
The Robix Corris Marine Division intends to own and operate shipping tankers that will transport refined oil products along established global shipping routes. In addition to producing shipping revenue, it is intended that each tanker will host a Robix Clean Ocean Vessel (“COV”), which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions, as described below. Once installed on a tanker, the COV will be readily deployable to react to oil spills in the heavily travelled established shipping routes regionally and globally.
Robix, including its Corris Marine Division, has completed comprehensive revenue models and the financial analysis supports the creation of an initial fleet of tankers. Robix is currently in discussions with several tanker owners and the Corporation is evaluating non-dilutive financial structures to acquire these tankers.
The current plan of management of Robix contemplates the installation of a COV when commercially feasible on each tanker. The COV is an ocean vessel, catamaran-hull barge design, capable of recovering oil from water, in virtually any conditions, especially in rough seas (40 Foot COV is stable up to Beaufort 6, or 8 feet ocean waves). Contra-rotating drums lift oil/water fluid from the surface of the ocean and scavenger blades “scrape” the oil/water fluid off the drums into storage tanks within the catamaran hulls.
“Oil spills very often occur near oil pipeline port facilities where oil is off-loaded to tankers and in well-travelled oil shipping lanes, making revenue generating tankers a natural host for the COV system,” commented Nathan Hansen, President and CEO of Robix. “Our strategy is to generate revenue from the shipping of oil while being ready and able to service a global region in the event of an oil spill with a readily deployable COV system on standby. Robix has identified revenue potential from multiple sources, including shipping oil, COV standby fees as well as emergency recovery and response revenue from deployment of the COV solution.”
In addition to the launch of the Corris Marine Division, Robix wishes to announce the grant, subject to regulatory approval, of 444,000 stock options to directors and consultants at an exercise price of $0.50 per share and expire on May 21, 2017, under the Corporation’s stock option plan.
Finally, Robix will be hosting its Annual General & Special Meeting at Radisson Hotel & Conference Center, 6620-36th Street NE, Calgary, Alberta, Canada (Northeast Calgary) on May 30th, 2014. Shareholders and interested persons are invited and encouraged to attend the meeting, which will include an update from management.
About Robix:
The Corporation is an “industrial products/technology” company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements. Robix owns a Clean Ocean Vessel (“COV”) patent, which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry, and it proposes to develop a business model as a service provider, and/or equipment provider under licensing agreements with other industry participants, wherein Robix will use its COV patented design solution.
No stock exchange or any securities regulatory body has reviewed the contents of this news release.
This press release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Robix’s business, the Corris Marine Division and the proposed transactions. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Robix’s control, including the ability of Robix to satisfy the conditions to completion of the proposed transactions, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Robix believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Robix does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
[email protected]
Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
[email protected]
www.robixfuels.com
El Nino Options the Kasala Project to MMG Limited
|
VANCOUVER, May 20, 2014 /CNW/ – El Niño Ventures Inc. (“ELN”) (TSX.V: ELN) (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to announce that it has entered into an Option Agreement (the “Agreement”) with MMG Limited (“MMG”), whereby MMG can acquire ELN`s 70% interest in the Kasala copper project in the Democratic Republic of the Congo (DRC) for a total consideration of USD$6,000,000.00.
Option Agreement
As consideration for the exclusive right to acquire El Nino`s 70% interest in Infinity Resources Sprl, the joint venture company that owns the Kasala permits, MMG has agreed to pay a non-refundable USD$350,000. Under the terms of the Agreement, once certain conditions have been satisfied (the “Satisfaction Date”), in order to maintain the option, MMG:
| 1. | Is required to make staged payments of up to a total USD$3,000,000 consisting of an initial payment of $250,000 on the Satisfaction Date and three annual payments of $916,666; and | ||
| 2. | Must incur a total of USD$15,000,000 in exploration expenditures over the three option year period. |
If MMG exercises the option, the consideration payable by MMG to ELN is;
| 3. | USD$6,000,000 less the amounts set out above to maintain the Option (up to a total USD$3,000,000); plus | ||
| 4. | 1.5% NSR. |
Harry Barr, Chairman and CEO, stated “We are very pleased to have concluded an agreement with MMG Limited that will return immediate and long term value to our shareholders. Management has fought long and hard to secure all of the assets of its Joint Venture Company, Infinity Resources Sprl, and in particular the Kasala Permits. The recent overwhelming success in winning our claims against GCP Group in the International Arbitration hearing has provided management with the opportunity to negotiate this Agreement with MMG. We would like to thank all of our shareholders for their patience and support over this very difficult period. With a commitment to an extensive exploration program, your company will finally have the opportunity to fully realize the potential for the Kasala project”
About MMG Limited:
MMG Limited, headquartered in Melbourne, Australia, is a global resources company which explores, develops and mines base metal deposits around the world (for more information please visit MMG’s website). MMG is one of the world`s largest producers of zinc, copper, lead, gold and silver. MMG’s major shareholder is China Minmetals Nonferrous Metals Co. Ltd. (CMN), a subsidiary of China Minmetals Corporation (CMC). CMC is one of China’s major multinational state-owned enterprises. It is a diversified company with businesses in metals trading, ferrous and non-ferrous metals production, finance, real estate and logistics.
In Africa, MMG Limited owns and operates the Kinsevere high-grade copper mine located in the Katanga Province of the Democratic Republic of Congo (DRC). The Kinsevere Mine is approximately 30 km from ELN`s Kasala project with both located in a region renowned for copper and cobalt deposits of exceptional quality. With the completion of the Stage 2 project in 2011 – a $400 million solvent-extraction and electro-winning (SX-EW) plant – the Kinsevere Mine has a nameplate capacity of 60,000 tonnes of copper cathode per year. In the first quarter 2014 Kinsevere achieved a quarterly production record, producing 16,848 tonnes of copper cathode. The Kinsevere Mine also achieved quarterly records in processing and sales in the first quarter of 2014.
About the Kasala Project
One of the newest copper discoveries in the Central African Copper Belt, El Niño Ventures’ Kasala prospect is located approximately 70 kilometres northwest of Lubumbashi, Democratic Republic of Congo’s second largest city and the center of the country’s massive copper/cobalt mining industry. The Central African Copper Belt contains over 10% of the world’s copper and 34% of the world’s cobalt. The Kasala project permits are located close to the Kinsevere Mine, which is expected to produce 60,000 tonnes of copper annually for the next 13 years.
The Kasala Block A was the subject of the Company’s 2008 drill campaign. 35 Reverse Circulation (R.C.) drill holes totaling 3,336 metres and 15 diamond drill holes totaling 2,584 metres were completed on the Kasala Block (A) leading to the discovery of substantial copper mineralization.
Significant Assay results for Kasala Block (A) are:
- Hole MDB023: 80m @ 1.42% Cu from 17m downhole; includes 29m @ 2.82% Cu and 5m @ 4.11% Cu
- Hole MDB027: 91m @ 1.16% Cu from 9m downhole; includes 22m @ 3.28% Cu and 5m @ 4.39% Cu
- Hole MDBDD0011b: 91m @ 1.19% Cu from 54m downhole; includes 10m @ 6.7% Cu
- Hole MDBDD0019: 22m @ 3.28% Cu from 125m downhole; includes 7m @ 7.02% Cu (sulphide)
The Kasala project has an excellent infrastructure and is ideally situated within 20 km of the national highway (a hard-surfaced all-weather road) and is also within 30 km of a rail line linking the mining centers of the Copper Belt. A high-tension electrical transmission line is located 12 km west of the projects’ boundaries. The assay results from the earlier drill programs confirm the presence of significant mineralization within the Kasala Main Zone with the potential for significant expansion of the mineralized zone, based on the results from an IP Survey completed in early 2009 which identified copper oxide mineralization at and near surface; sulphide mineralization at depth.
Kasala Prospect mineralization zone is open to expansion by drilling to the north, south and west, and to depth. As drilled, the Kasala Prospect oxide zone measures about 600m long x 400m wide x 30m thick. It is very important to note that many 2008 drill holes ended in copper oxide mineralization and to note that adjacent blocks are underâ€explored (Figure 1).
A 4,071 soil geochemical sampling program was undertaken to test numerous targets south and east of the Kasala Blocks A, B and C and expand upon the area of soil geochemistry coverage on the exploration permit. Sampling had commenced in December 2009 and was completed in late January 2010; chemical analysis of the soil samples was completed by late February 2010. The sampling utilized Quality Alliance and Quality Control protocols established during previous soil geochemical sampling programs on the project.
Figure 1. Plan view of drill collar locations in Kasala prospect area (adapted from 2008 drill report by Allan Lines). The main mineralized zone projected to surface is shaded red. Collar locations labelled MDB are reverse circulation holes. Collar locations labelled MDBDD are diamond drill holes. Note that the mineralized zone is open to expansion by drilling to the north, south and west.
(http://www.elninoventures.com/i/maps/051214ELN-map1.jpg)
Figure 2. High grade oxide drill core Kasala Project & Sulfide drill core at depth on Kasala
(http://www.elninoventures.com/i/maps/051214ELN-map1.jpg)
The sampling program identified three new copper-in-soil anomalies (Figure 3) which warrant additional investigation. The presence of a narrow (150 to 200 metres in width) anomalous zone exceeding 1,200 metres in length was identified approximately 2 kilometres southeast of Kasala Block A. This copper-in-soil anomaly corresponds to a Total Count radiometric anomaly (identified during the Company’s 2007 airborne geophysical program), which is believed to result from potassic alteration of rocks of the Roan Supergroup in contact with rocks of the Kundelungu Supergroup.
A second anomaly in the northeast of the survey area is of a lower order of copper mineralization but, notably, shows a high degree of correlation with the western terminus of a strong Total Count radiometric anomaly which exceeds 3 kilometres in length (Block B). The third new copper-in-soil anomaly is being referred to as the Kasala Western Extension (Block C). It is immediately west and south of Kasala Block A. Kasala Western Extension is a high order copper anomaly with a known length of approximately 550 metres. It is felt that these additional radiometric anomalies may represent important targets for additional exploration programs.
Figure 3. Map showing copper-in-soil values for El Niño Ventures Inc’s soil geochemical sampling program. This program has identified three new copper-in-soil anomalies which are considered significant targets for further evaluation.
(http://www.elninoventures.com/i/maps/051214ELN-map5.jpg)
About other ELN’s Research Permits in the DRC:
El Nino currently holds a 70 % interest in four well located Research Permits, accessible by road from the town of Lubumbashi in southern Congo. Each Permit is partially underlain by the highly prospective Roan Formation which hosts most of the important copper deposits in this area. The accompanying map shows the general location of the licences, as well as the location of the known principal targets delineated on permit 5217 and the focus of the drilling to date. Between 2007 and 2011, EL Nino Venture Inc., as operators of the project carried out several phases of exploration on these permits. Details of the exploration programs are demonstrated in table below;
Exploration Programs from 2007 to 2010
| Year/Date | PR5214 (Kasala) | PR5215 (Copper Mountain) | PR5216 | PR5217 (Copper Mountain) |
| 2007-July | Remote Sensing | Remote Sensing | Remote Sensing | Remote Sensing |
| 2007 Sep-Oct | Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
Airborne Gamma Ray Spectrometer & magnetic gradient surveys |
| 2007 Oct-Nov | 80 holes 6266 metres RC drilling |
|||
| 2007-2008 Dec- June | 2235 Soil Samples | 1244 Soil Samples | 4777 Soil Samples | |
| 2008 Jan- May | 2068 Soil Samples | |||
| 2008 June-July | 32 holes 1995 metres RC Drilling |
3215 metres RC Drilling | ||
| 2008 July to September | 56 holes 5883 metres RC Drilling 20 Holes 3583.6 metres Diamond Drilling |
|||
| 2008 September | Pole-Dipole IP survey |
|||
| 2009-2010 Dec – Jan | 4071 Soil Samples |
(http://www.elninoventures.com/i/maps/051214ELN-map2.jpg)
In 2007 ELN completed 6266 metres of RC drilling across 80 holes. One of the highlights of the 2007 drilling program was the intersection of > %3 copper over 10 metres (see below).
Three RC holes drilled on Location Anomaly 3 returned the following intercepts:
- Hole ANCU001: 10m @ 3.51% Cu from 12m below surface (including 4m @ 7.24% Cu from 15m)
- Hole ANCU003: 10m @ 0.25% Cu from 20m below surface
- Hole ANCU004: 5m @ 1.88% Cu from 20m below surface
Figure 4. Location of Permits in relation to Lubumbashi (PR 5214 is Kasala)
(http://www.elninoventures.com/i/maps/051214ELN-map3.jpg)
Figure 5. 2007 and 2008 Drill hole location map Kasala and PR-5217 Projects
(http://www.elninoventures.com/i/maps/051214ELN-map3.jpg)
El Nino would like to acknowledge our joint venture partner, Mr. Hassan Sabra, who has worked continually within the framework of the Joint Venture to advance the Kasala project and tirelessly with El Nino to secure the assets of Infinity Resources Sprl.
About El Niño Ventures Inc. Bathurst Projects, New Brunswick, Canada
ELN has two active projects in the Bathurst Mining Camp: Murray Brook and the Bathurst Option Joint Venture. A recent consolidation resulted in the Company having 30.6 million shares Issued & Outstanding with a current market capitalization of approx. $2.0 million.
Murray Brook Project
The Murray Brook Project is located 60 km west of Bathurst, in the northwest part of the Bathurst Mining Camp(Figure 6). The Murray Brook deposit is a zinc-lead-copper-silver massive sulphide which is the subject of a recently completed Preliminary Economic Assessment. The project is supported by excellent infrastructure including paved roads, grid electricity and communities to provide goods, services and skilled labour. ELN and Votorantim Metals Canada (VMC) currently own 100% of the Murray Brook Project with VMC acting as the operator. VMC controls 65% and ELN controls 35%.
Figure 6- Murray Brook Project and Camel Back property location map, Bathurst Mining Camp, New Brunswick
(http://www.elninoventures.com/i/maps/051214ELN-map4.jpg)
To date, more than 28,000 metres of drilling has been completed on the Murray Brook Project. The first NI43-101 mineral resource estimation and the first metallurgical results were published in press releases dated February 2012and January 2013, respectively. On June 5, 2013 a positive Preliminary Economic Assessment was announced (see news release). The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of 11.4%, and a payback period of 5.4 years (see news release). The NI43-101 Technical Report is filed on SEDAR and also available on the ELN website (http://www.elninoventures.com).
Qualified Persons Statement
This news release has been reviewed and approved for technical contents of the BOJV and Murray Brook projects byWilliam Stone, Ph.D., P.Geo. and a Qualified Person under the provisions of National Instrument 43-101. The information in this Press Release that relates to Exploration Results for the Kasala Project is based on information compiled and reviewed by Ali Hassanalizadeh Msc., P.Geo. and a Qualified Person under the provisions of National Instrument 43-101. Mr. Hassanalizadeh has relied on Mr. Benoit M. Violette, P. Geo., consulting geologist and the Qualified Person under NIâ€43â€101.
On Behalf of the Board of Directors,
(signed)
Harry Barr
Chairman & CEO
El Niño Ventures Inc.
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.
SOURCE El Nino Ventures Inc.
For further information:
Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: [email protected] or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C., Canada, V5Z 3X7
Lomiko Receives TSX Venture Approval to Invest $300,000 in Graphene 3D Lab Reverse Takeover
VANCOUVER, BRITISH COLUMBIA–(May 16, 2014) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B)(Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (the “Company”) announces that it has received conditional approval from the TSX Venture Exchange to invest, through its wholly owned subsidiary, $300,000 in a private placement at .25 for 1,200,000 shares of Matnic Resources Inc. (“Matnic”), a public company that trades on the TSX Venture Exchange (TSX VENTURE:MIK). The transaction is subject to Matnic receiving regulatory approval to a reverse takeover (“RTO”) by Graphene 3D Lab (“Graphene 3D”).
In addition, Lomiko has created the new 100% owned subsidiary, Lomiko Technologies Inc. (“Lomiko Tech”). The above investment will be done through Lomiko Tech and will only proceed if the RTO receives the approval of the Exchange. This transaction is further to the Company’s investment in Graphene 3D, as approved by the Exchange on December 3, 2013. The Company made a $50,000 investment for a 15% interest and was issued 250,000 Series “A” Preferred stock of Graphene 3D. If the RTO is successful, Lomiko will exchange its 250,000 shares of Graphene 3D to shares in the newly formed graphene entity created through the RTO.
“This is an exciting time for graphene and 3D printing companies with large multi-nationals such as Imerys, Samsung and General Electric entering the market.” stated A. Paul Gill, CEO, “Lomiko Technologies allows Lomiko to invest in the future of 3D printing and graphene while Lomiko Metals works toward a 43-101 graphite resource in the near term.”
On September 17, 2013, Lomiko and Graphene Labs reported that in the first step of the conversion process of graphite to graphene, natural graphite flakes were oxidized and turned into Graphene Oxide (“GO”) by a modified Hummer’s method. The properties of graphene, including its high conductivity, mechanical strength, and high specific surface area, make it an ideal electrode material.
On January 20, 2014 Graphene 3D Lab reached a significant milestone by filing a provisional patent application for the use of graphene-enhanced material, along with other materials, in 3D Printing (Additive Manufacturing).
Additive Manufacturing is the process of creating a three-dimensional, solid object from a digital file, of virtually any shape. 3D printing is achieved using an additive process, whereas successive layers of material are laid down and create different shapes.
Adding graphene to polymers which are conventionally used in 3D printing improves the properties of the polymer in many different ways; it improves the polymers mechanical strength as well as its electrical and thermal conductivity. The method described in the provisional patent application allows consumers to use the polymer, infused with graphene, together with conventional polymers in the same printing process, thereby fabricating functional electronic devices using 3D printing.
New developments in 3D printing will allow for the creation of products with different components, such as printed electronic circuits, sensors, or batteries to be manufactured. 3D Printing is a new and promising manufacturing technology that has garnered much interest, growing from uses in prototyping to everyday products. Today, it is a billion dollar industry growing at a brisk pace
Graphene 3D Lab Inc. Background
Graphene 3D Laboratories Inc a spin-out of Graphene Laboratories Inc, and Lomiko Metals and focuses on the development of high-performance graphene-enhanced materials for 3D Printing. For more information on Graphene 3D Labs, Inc, visit www.graphene3Dlab.com
Lomiko Metals Inc. Background
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries.
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lomiko Metals Inc.
A. Paul Gill
604-729-5312
[email protected]
www.lomiko.com
Garibaldi hits silver and gold in Mexico, hunts copper in BC
VANCOUVER – Ten years of developing and permitting new technology, staking ground, flying surveys, mapping, sampling, and finally identifying drill targets is starting to pay off for Garibaldi Resources (TSXV: GGI), which hit a near-surface intercept 2,010 grams silver per tonne over 7 metres in the first hole to test the Silver Eagle target at the company’s Rodadero North project in Sonora state, Mexico.
Garibaldi staked the Rodadero project based on the results of hyperspectral remote sensing surveys, which maps mineralogy based on spectral signatures. It is a well-established technique in the exploration world, but the basic version only sees 12 wavelengths. That only outlines basic structures.
Garibaldi took the technique to the next level through a partnership with satellite data provider Macdonald Dettwiller.
“They said to us, ‘We’ve got this hyperspectral spectrometer, so you can take those 12 bands and expand it out to 127 bands and look at the specific mineralogical units,'” said Steve Regoci, president and CEO of Garibaldi. It took another two-plus years to put the concept into action because of design requirements and cross-border permitting, but in 2007 Garibaldi got out and overflew swaths of Mexico in areas they thought were prospective.
“In an arid place like Mexico, in the hottest time of the year when all the vegetation dies, you’re looking right down at the surface and every single mineral known to man has a certain exact spectra – it’s just like a barcode at the supermarket,” said Regoci.
Based on those barcodes, Garibaldo initially staked 300,000 hectares of ground, including the 54,000-hectare Rodadero North property. Through more surveying combined with on-the-ground prospecting, Garibaldi gradually cut Rodadero North down to 6,800 hectares. More importantly, the company identified eight high-priority exploration targets on the never-before-drilled property.
Then it came time to start testing targets, or eliminating targets as Regoci likes to put it.
“Silver Eagle definitely wasn’t our best target but it happened to be road-accessible, so it was the cheapest to go and eliminate,” said Regoci. “But it didn’t really eliminate itself. So we started a second hole that we’re going to re-enter after we get some hydraulics refurbished on the drill rig. You don’t walk away from an intersection like that.”
Garibaldi’s targeting system also led it to some good gold intercepts in the first holes ever drilled at its La Patilla property, in Sinaloa state. Five of six holes spread along 75 metres of prospective strike at La Patilla returned gold. The best intercept rang in at 30 metres grading 3.1 grams gold, starting 11 metres downhole and including 8.5 metres of 10.4 grams gold.
Other results include 38.9 metres grading 0.8 gram gold from surface, 13.7 metres grading 0.9 gram gold from 4 metres depth, and 10.8 metres averaging 1.9 grams gold from 35 metres depth.
Garibaldi is also preparing for a first-pass drill program at its Iris project, which is in Chihuahua state adjacent to Agnico Eagle Mines‘ (TSX: AEM) Pinos Altos mine and Minera Frisco‘s Ocampo mine.
Mexico is one half of the Garibaldi story. The other half is closer to the company’s head office in Vancouver: Garibaldi is exploring a set of properties in the Sheslay Valley, west of Dease Lake in northwest British Columbia.
“In BC we just really liked these properties – we liked the geology and the location,” Regoci said. “A couple times we thought we might lose them but we just kept our feet moving and now the time for this area has come. This is a brand new emerging mining camp.”
Explorers have long poked and prodded about in the Sheslay Valley, but interest in the area really ramped up in mid-2013 when Prosper Gold (TSXV: PGX) inked a deal to earn an 80% stake in the Sheslay project from Firesteel Resources (TSXV: FTR). Prosper is the new vehicle for the team that discovered the Blackwater gold deposit in south-central BC; for that discovery their company, Richfield Ventures, attracted a $500-million takeover from New Gold (TSX: NGD).
“That management group — they’re highly respected guys — they came up here and said, ‘OK, we’ve looked for three years globally and this is the best project we could get bang for our buck,'” said Regoci. So far Prosper has only drilled twin holes, to confirm earlier results, but nevertheless intercepts like 334 metres grading 0.35% copper, 0.11 gram gold, and 0.84 gram silver attracted market attention.
Prosper’s ground borders Garibaldi’s project to the north. Kitty-corner to the northeast is Doubleview Capital‘s (TSXV: DBV) Hat project, where one of the first holes returned 313 metres grading 0.22% copper, 0.18 gram gold, and 0.85 gram silver.
Garibaldi’s ground already hosts known porphyry occurrences at it west end, in an area known as Grizzly West, and in recent weeks the company identified a new porphyry zone 3 km to the south that it haslabeled West Kaketsa.
“What’s happening is we are all establishing this porphyry corridor here,” said Regoci. “I just think this whole area is going to take off. Galore Creek is nearby and it is something like 18 separate porphyries.”
Unlike Galore Creek, the nearby Teck Resources (TSX: TCK.B; NYSE: TCK) project that hosts one of the world’s largest undeveloped copper-gold-silver deposits, Sheslay Valley offers reasonable access and weather. Garibaldi is in talks with Prosper and Doubleview about rehabilitating an old road that runs right into the area. In terms of weather, its location east of the Coast Mountains means the Sheslay gets far less snow than Galore, which is on the west side.
Garibaldi plans to spend the next few months completing a first sweep of the 262 sq. km Grizzly property. The company is permitting 14 fly camps to support a 60-day mapping and sampling campaign. Once that is complete Regoci hopes to have identified some clear targets to drill before the summer is over.
Garibaldi has just enough money to fund its plans. The company has less than $1 million in the bank but it also has 1.5 million shares of Paramount Gold and Silver (TSX: PXG), part of a payment Paramount made to Garibaldi in exchange for the hyperspectral data Garibaldi gathered when it overflew Paramount’s San Miguel project while flying its own adjacent ground.
“It’s been ten years that we’ve been working to get where we are today. It’s hard to believe it’s been ten years but a good five years of that was really challenged by the global financial crisis, so survival in itself has been a challenge,” said Regoci. “Luckily, because we did the Paramount deal at the bottom of the market in 2009, we haven’t had to do a financing since 2009 because we can slowly sell that holding.”
Now that the work has generated a list of targets, Regoci is excited for the future.
“Every little target isn’t going to be a deposit, but we’re not in that broad-scale exploration phase anymore,” he said. “These are focused targets and we’re going to go at it systematically. I think we’ve got a good shot.”
Garibaldi’s share price gained 4¢ on the Rodadero North drill results to close at 26¢. The company has a 52-week trading range of 4¢ to 27¢ and has 58 million shares outstanding.
Source: http://www.northernminer.com/news/garibaldi-hits-silver-and-gold-in-mexico-hunts-copper-in-bc/1003067940/r42s4q0slWw0qBx4380M2vx/?ref=enews_NM&utm_source=NM&utm_medium=email&utm_campaign=NM-EN05162014#sthash.ppIGOM0t.LajUHesz.dpuf